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Robert Brokamp

๐Ÿ‘ค Person
838 total appearances
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Appearances Over Time

Podcast Appearances

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

What do I have to do first?

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And that's a good way to frame it too.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And you do that often in your writing.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And that is, if you are spending less to save more, it's not really you're denying yourself.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

You're just choosing to buy something else.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

You're choosing to buy something, which is your freedom, your independence, your optionality.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

This first occurred to me back when I was an elementary school teacher and I was listening to a radio show by a fellow by the name of Rick Edelman.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And he talked about how

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

He was talking to a woman who spent too much money drinking Diet Coke.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And he said, you're spending your money on a depreciating asset.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

Instead, buy Coke stock.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

Buy something that appreciates in value.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

At some point, you can stop work or take a break, take a sabbatical.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And then, frankly, you'll have enough money to drink as much Diet Coke as you want.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

You mentioned Mr. Money Mustache, big figure in the financial independence movement.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

People have heard about this maybe several years ago.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

It was more FIRE, right?

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

Financial Independence Retire Early.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And it is now, it seems like FI is the preferred acronym.

Motley Fool Money
Interview With J.L. Collins, the Godfather of Financial Independence

And since you've been a part of it all along the way, you're considered the godfather of FI or of FI.