FI Garage: Recent Episodes
FI Garage
FI Garage discusses all things Financial Independence, along with a craft brew and banter. Investing, life optimization, tips and tricks and topics specific to all Canadians.
The last chapter with the boys in the FI Garage. Well almost. We won’t be releasing shows together, but the Money Mechanic does plan to continue the show. He will be having discussions with Canadians about life, FIRE, happiness, purpose,...
You need to have two mindsets to achieve and enjoy FI. You need to develop the skills and pyschology to get you there, and THEN you have to develop the psychology and skills to enjoy it and stop trying to save money. It’s a difficult conundrum and we touch on...
Stoicism, gratitude and abundance. Common traits amongst Mustachians and the FI community in general. Learning to place emphasis on each of them leads to more happiness and purpose in life. We all know the FI journey is as much mental as it is math, what do you do to improve...
This time The Mechanic was off on a road trip. 12 days and 22 breweries on the East Coast. There was a lot of research done for this episode, and we found a few good beers to bring back. We talk a lot of beer, but also slow travel and...
This is a 2 hour marathon, you might want to save it for snow shoveling. We really try not to rant about inflation, housing, gov, etc. But the Accountant just can’t help himself. We do get into a lot of random topics and some fun random beer. Since The Accountant...
This episode features some thoughtful FI Questions submitted by listener Patrick. We enjoy an extra special beer, hand delivered to us from Belgium by listener Roland. Of course there’s the usual overtime bs and raw style we now embrace. This episodes beers kindly donated by listener Roland!! Cheers!! Duvel Belgian...
The Economist thinks this is our worst episode ever, but I’ll let you be the judge of that. We drink Icelandic beer, we rant, we talk finance, what you have come to expect from us. We also talk about the shocking blow up of a BC mortgage company that left...
Well, what can I say. We’ve been delinquent delivering you amazing content. That doesn’t necessarily end with this episode, but hey, we’re back in the garage, swilling a few beers and trying to find our way in an uncertain world. Thanks to Jolie at Well Bean Coaching for buying us...
Happy New Year!! What will 2023 bring? We reminisce on wins and losses of 2022 and look forward to the interesting year ahead. Be warned this is our longest and most explicit episode yet!! Here in the FI Garage, we’re all on the path to FI, however, we consider the RE...
Slow start to this episode, but we really get going towards the end!! We seem to get on a few rants in this one focusing around our current economic climate and healthcare challenges in Canada. Here in the FI Garage, we’re all on the path to FI, however, we consider the...
The Accountant went beer shopping and brought us a GIANT Pumpkin Ale. We end up chatting a lot about alarm clocks and how to figure out the right part time schedule. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE...
It’s the Accountant and the Mechanic today bantering and sharing some beers from White Tooth Brewery, generously sent to us by Debbe. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now on YouTube!! Check out our channel for bonus...
Things are getting a little out of hand tonight and we’re rolling right into double overtime! We actually have a good discussion about insurance coverage in this one. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now on YouTube!!...
We didn’t even stop the recording…Just grabbed some more beers for more fun. Part 2 begins right where we left off. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now on YouTube!! Check out our channel for bonus content...
The boys are here to have some brews and catch up on what’s happening out there in the markets and our lives. Caution, the Accountant gets explicit!! We’re only releasing raw and uncut episodes now, you have been warned. Here in the FI Garage, we’re all on the path to FI,...
We’re back and sharing some personal updates and what the future holds for the FI Garage. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now on YouTube!! Check out our channel for bonus content and please subscribe. Beers – ...
We catch up with Kevin and hear where his travel adventures in early retirement have taken him. Kevin was a guest on interview 005 where he talked about second mortgage lending in tax sheltered accounts. Here in the FI Garage, we’re all on the path to FI, however, we consider the...
This episode has the guys enjoying a Saskatchewan classic, Old Style Pilsner, provided by fan of the show Sterling! This episode we talk about the year that was, the year to come, and get slightly off the rails like our last few shows. Here in the FI Garage, we’re all on...
Well the Mechanic gets frustrated anyway. This episode has the guys enjoying a few beers delivered all the way from Terrace, BC by fan of the show Rae! This episode turns into a crypto talk, some inflation discussion, and generally slightly off the rails like our last few shows. Here...
In this episode, we discuss topics from recent listener emails. We drink some Off the Rail Brewing beer graciously brought to us by Jason. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now on YouTube!! Check out our channel...
In this episode we discuss how we find stocks and some of the things we consider when we are deciding if it is a stock we want to own. We drink some Belgian tripes graciously bought for us by Max from Quebec. Here in the FI Garage, we’re all on the...
In this episode we discuss all the ways Jolie is involved providing financial education within her community. We drink some xxxxxx graciously bought for us by xxxxxx from xxxxxx. xxxxxxxxxxxx. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE Now...
In this episode we discuss if you’re better off to invest in REIT’s for your real estate exposure. We drink some Alexander Keith’s IPA graciously bought for us by Daniel from Halifax. We continue the trend of real estate from last episode but this time we discuss adding REIT’s to...
In this episode we discuss if you’re ready to become a landlord and all that goes along with it. We drink some Mt Benson IPA from White Sails Brewing graciously bought for us by Sean from Nanaimo. We had some listener questions about real estate that we answer and address...
In this episode we discuss holding investments inside of a corporation. We drink some Earl Grey IPA from Saltspring Island Brewing graciously bought for us by Kari from Money in Your Tea, this episode sponsored by Tom Drake of Maple Money. Many of us have wondered if investing in a...
One of the new Fintech companies in Canada, Hardbacon, has been profiling Canadian FIRE bloggers. Instead of Money Mechanic answering all the interview questions in writing, we decided to make a show out of it. Heidi is a contract writer who conducts the interview with MM. I have to say...
In this episode we discuss if your hobbies could actually end up causing you to spend more when you no longer need to work as much. We drink some Whistle Buoy special release NFT IPA graciously bought for us by Mark Seed. As you have more free time will you...
Is it possible to get good investment returns while also helping to protect the environment? We bring Tim Nash, from GoodInvesting.com, on the show to discuss all things ESG. Environmental, Social, and Governance (ESG) is becoming more popular for those wanting to make more socially and environmentally responsible investment decisions....
How do you feel when the market and your portfolio takes a nose dive? How often are you checking you portfolio, networth and performance? Loss aversion is a real thing and many of us suffer from it. As a result, our investor psychology may be affected and we may not...
In this episode we discuss the different stages of investing and where you go next as you learn more and grow your nest egg. We drink some of our favorite beers kindly purchased by Tyrell. Money Mechanic doesn’t think that you just own an ETF and chill. As you progress...
Housing, we all need it, but what the heck is going on in the Canadian markets!? We drink some Flagship IPA as this episode is generously sponsored by Steamworks Brewing. We discuss the current state of the housing market and if you can retire with a mortgage. Here in the FI...
In this episode we pick up where we left off after Canadian ETF’s and discuss our US and International ETF picks. We drink some 88 Brewing, ‘Ring Pop Double Dry Hopped Hazy IPA’ purchased by Jeremy. We discuss the reasons we have picked the ETF’s that we hold and the...
In this episode we discuss the different stages of financial independence and how to decide what comes next. We drink some Wing Man Pale Ale kindly purchased by Ryan. This episode is generously sponsored by Cody and his side hustle Argofox. We discuss the phases we are in and how...
In this episode we discuss investing in Canadian ETF’s and how to decide what the best ones are. We drink some salted black porter kindly purchased by Jesse. We discuss the reasons we have picked the ETF’s that we hold and the difference between different Canadian ETF’s. Here in the FI...
In this episode, generously sponsored by Family Money Saver, we discuss investing in Bitcoin and the future of the currency. We drink some gluten free beer kindly purchased by Maria from Handful of Thoughts. We discuss if there are reasons to hold some Bitcoin in your portfolio. Here in the FI...
In this episode we discuss re-balancing and managing your portfolio with the help of Passiv. Nick joins us to tell us about all the exciting things going on at Passiv and how it can save you time and money. Here in the FI Garage, we’re all on the path to FI,...
We discuss the trades path to FI, cars and more on today’s episode. Cory joins the boys to discuss his path to FI through the trades, his experience with cars and investing during a pandemic. Episode Beverages Collective Arts – Stranger than Fiction Porter [2:08] Collective Arts – Life in...
In this episode, generously sponsored by F.I.R.E. We Go, we discuss investing in renewable energy and the future of the industry. We discuss if there are outsized returns to be had as the shift to renewables progresses. Here in the FI Garage, we’re all on the path to FI, however, we...
Khushboo Jha, Founder and CEO of BuyProperly joins the Money Mechanic and the Economist on today’s episode to discuss how she and her team are trying to bring fractional real estate property investments to Canadians. Now on YouTube!! Check out our channel for bonus content and please subscribe. Beers – [1:00]...
In this episode, we discuss investing in tech stocks and the loft valuations that go along with them. We also discuss if we might be looking at a bubble and if we can really justify these insane P/E ratios. Here in the FI Garage, we’re all on the path to FI,...
In our first episode of the new year we discuss new years TFSA contribution room and how we review our plan each year. We also discuss some year and tax planning and what else to consider in your year end review. Here in the FI Garage, we’re all on the path...
The last episode of 2020 has Chrissy from Eat Sleep Breathe FI and Explore FI Canada joining us. As a joint episode we talk about our limiting beliefs around money, and share some positives from 2020. See you all in the New Year!! Thank you so much for taking the...
Brought to you by The Boscawen Inn in Lunenburg, Nova Scotia In our first sponsored episode the guys discuss risks we face on the path to FI. Sometimes we mis-label variance as risk, however, even with variance, there are associated risks. We discuss when it might be appropriate to acknowledge...
How much time do you spend analyzing investments? Do you even know how? There’s always more to learn, and we all need to recognize our own bias and blindside. We’re sharing how we do our due diligence and discuss what matters for different investments. Here in the FI Garage, we’re all...
We kept the microphones rolling after our Salmon Pack episode [0:40] and this drabble is the result. The Mechanic updates us on his private lending, we read out some listener comments, and talk about real estate expenditures. Here in the FI Garage, we’re all on the path to FI, however, we...
In this episode, the guys discuss what to do once your registered accounts are full. Paying tax isn’t always a bad thing – maybe you want to keep doing what you were doing before your registered accounts became full. On the other hand, this might be the right time to...
In this episode, the guys discuss how they manage time or their lack thereof. The choice of how you spend your time is arguably one of the most valuable benefits of FI. Can you improve how you use your time while on the journey? Here in the FI Garage, we’re all...
As promised, and at great cost to our bodies, we present the Salmon Pack episode. In this episode, the guys reunite in the Mechanic’s garage and discuss many things, FI-related and not. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional....
We have had lots of listeners ask us about how we handle our finances with our spouses. So in this episode, the guys discuss how they manage their finances and keep money from getting in the way of their relationships. Here in the FI Garage, we’re all on the path to...
Dividends, FIWOOT, Pensions and more on today’s episode. Mark Seed joins the boys to discuss his FI Work On Own Terms goals and how he plans to draw down his portfolio using variable rate withdrawal and incorporate expected pensions later in life. Episode Beverages Flora Hall North East IPA Ghost...
We have had lots of listeners ask us about using leverage to invest. So in this episode, the guys discuss the merits of using leverage and look at life cycle investing with a little help from Megan. Here in the FI Garage, we’re all on the path to FI, however, we...
In this episode, the guys talk to The Economist’s friend from university, The Engineer, about electric cars. We try to keep the conversation FI related, but that is easier said than done with a mechanic and an engineer on the line. Here in the FI Garage, we’re all on the path...
What is our new normal? In this episode, we discuss how our finances have changed while dealing with the societal changes that we have seen as the coronavirus pandemic made its way around the world and if we expect those changes to stick. Here in the FI Garage, we’re all on...
Cash flow? Do you have it, do you need it? How does it impact your journey to FI? Multiple streams of income are very important in uncertain times. This episode we discuss our income streams, and what you can do to improve your cash flow. Here in the FI Garage, we’re...
Today on the FI Garage The Mechanic and The Accountant speak with Peter Gallant, from ProfessorFIRE.com. We met Peter at Camp Mustache last year and enjoyed his presentation about having a risk plan for FIRE. Today we dig deeper into that discussion and hear what Peter has to say about...
In today’s episode, the guys discuss how much debt they are comfortable with. And of course the always popular topic of HELOCs. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to...
Today on the FI Garage the guys speak with Jordan Maas, from Moneymaaster.com. We have a few drinks and discuss dividend investing in Canada. Libations – (1:00) Sookram’s Brewing – Cult Classic Pilsner Arrowsmith Brewing – Jagged Face IPA Wild Turkey Revival Nonsuch Brewing – Baltic Porter and Blanton’s Single...
In today’s episode, the guys discuss the most exciting topic in finance, Bonds! Do you need them in your portfolio? If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however,...
In today’s episode, the guys discuss Real Estate Investment Trusts. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. Libations – [0:53] Fort Garry...
The guys discuss what a day in the life of self-isolation and social distancing is like. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE...
The guys discuss how hard it has been to not hit the panic button and buy everything in sight. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we...
The guys ponder if the distractions caused by thinking about FI slow us down on our path to FI. Show we focus more on our careers. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all...
Today on the FI Garage The Mechanic and The Accountant speak with Randy Molland, of the Reinvestors. Randy and his partner Steve help people access their home equity and get into real estate investing. Randy and The Mechanic enjoy a Mill St Organic Lager while The Accountant tries to complete...
In this episode, the guys consider the age-old question of rent vs. buy, but from an FI perspective. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider...
In this episode, the guys tackle the obligatory RRSP discussion and how those focused on FI can use them. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we...
Today on the FI Garage The Mechanic and The Accountant have a Red Truck IPA and get to speak with Robinson Smith, author of Master Your Mortgage for Financial Freedom. Robinson’s father Fraser created the Smith Manoeuvre in order to help Canadian’s make their debt tax-deductible and help more Canadians...
In this episode, the guys discuss the banks we use and how to optimize your bank accounts. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the...
In this episode, the guys reflect on 2019 and the past decade. We also look forward to 2020 with a few items we are planning to achieve. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re...
In this episode, the guys discuss the good and bad from their dividends portfolios in 2019. The highlight their best and worst-performing dividend stock of the year. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re...
In this episode, the guys discuss socially responsible investing. What options do we have in Canada, and what we might want in our portfolio. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity...
In this episode, the guys tackle the emergency fund debate. We’ll sample a new beer as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider...
Today on the FI Garage The Mechanic and The Accountant have a coffee (cut us some slack it was really early in the morning) and get to speak with The Expat, who lives overseas and uses geo arbitrage on his way to FI. The Expat discusses his favorite beers from...
In this episode, the guys discuss asset allocation and location. Are we on target? Are you? The beers we sample are from Cali this week! If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on...
The Accountant and the Money Mechanic we lucky enough to ‘win’ the lottery and get a couple tickets to Camp Mustache Toronto 2019. This episode is a short wrap up of their trip to Ontario and their experience at camp. #CMTO2019
In this episode, the guys wade into muddy mortgage waters. HELOCs, rates, insurance, terms, renewals there’s too much to cover for one episode. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently....
In this episode, we discuss the rise of side hustling. And in a new twist, we sample a bottled cocktail. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however,...
Today on the FI Garage The Mechanic and The Accountant have a beer and get to speak with Kevin & Jeannine, who use their RRSP’s to do second mortgage lending and consistently achieve +10% returns on their cash! Introduction Beer #1 – Sneaky Weasel by Balderdash Brewing (0:55) Mortgage Lending...
In this episode, the Mechanic, the Accountant, and the Economist ponder whether people in the FIRE community are too conservative in deciding when to leave their day job? We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that...
In this episode, the Mechanic, the Accountant, and the Economist discuss a listener’s email and ponder some FI approved drinks. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI...
The Money Mechanic turned on the FI Garage recording gear while he was having a beer with his partner/wife earlier this year. They had a quick talk about their personal finance journey together. What are we drinking (0:53) Snowblind Belgian-Style IPA – Brewed & Bottled in Fernie, BC by Fernie Brewing...
In this episode, the Mechanic, the Accountant, and the Economist discuss credit cards. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to...
- These notes contain referral links donated by an asterisk. In this episode, the FI Garage discusses alternative investment choices: what we’re experimenting with and what our thoughts are. We sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement...
In this episode, the Mechanic, the Accountant, and the Economist discuss BaristaFIRE. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI,...
In this episode, the Mechanic, the Accountant, and the Economist discuss how to take a bite out of your monthly food costs. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here...
In this episode, the Mechanic, the Accountant, and the Economist discuss dividend investing. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to...
Today on the FI Garage The Mechanic and The Accountant have a beer and get to speak with Phia, author of Freedom101 Blog. We have a few beers and discuss how Phia and her husband Mike reached FIRE and why she prefers to call it Financial Freedom rather than Financial...
Today on the FI Garage The Economist and The Accountant have a beer with Shane Dillon, author of The Franklin FI. He managed to get himself up at 3:00 am from Malaga, Spain so he could have a beer with us and tell us about his new book. What we’re...
In this episode, the Mechanic, the Accountant, and the Economist sample a couple of beers and discuss their transportation choices and expenses. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to...
The boys are finding it hard to spend time in front of the computer on these long summer days. We’re out camping and boating, and we hope you are safely enjoying the weather and outdoors. Our website is slowly coming back together. The next official release on Aug 18th will...
In this episode, the Mechanic, the Accountant, and the Economist begin tackling the huge subject of transportation costs. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re...
Well the Financial Independence Garage finally got their collective technical shit together and lined up an interview! Today we are very excited to welcome Chrissy to the show. Chrissy is a Canadian and the author at eatsleepbreathfi.com where you will find a collection of great articles and her FI School series....
In this episode, we tackle the #1 expense in most peoples month spending. Housing costs, and how both renters and owners can reduce and save. As usual the Mechanic, the Accountant, and the Economist sample a couple of beers. This week we’re trying some ‘low cost’ options. If you found...
In this episode, the Mechanic, the Accountant, and the Economist sample a couple of beers and discuss how they have decided to invest within the limitations of the Canadian investment system. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here...
In this episode, the guys in the FI Garage sample some fresh beers and discuss how to locate yourself on the path to Financial Independence by assessing your knowledge and analyzing your financial situation with our Canadian twist. We outline the directions you’ll need to take on the way to...
Financial Independence Retire Early. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. In this episode, the Mechanic, the Accountant, and the...
Financial Independence Retire Early. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. In this episode, the Mechanic, the Accountant, and the...
We’ll be back and organized with show notes as soon as the Economist and Accountant can tear themselves away from summer fun.
In this episode, The Money Mechanic and The Economist talk with Stephanie and Gillian from Our Freedom Years. We discuss how working as an ex-pat can help you on your path to FI and how Stephanie and Gillian are finding early retirement. Libations [1:10] Barnside Brewling – Ladner Clay IPA...