Financial Independence Flowchart

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In this episode, Cody and Justin walk listeners through the step-by-step flow of what to do with your money at each stage of your financial journey.

Using an excellent flowchart from Reddit as a starting point, we break down the full decision tree and give you our own opinions as well (even the controversial ones).

This flowchart is broken down into the following main stages:

  1. Budgeting
  2. Emergency Fund
  3. Employee-Sponsored Matching funds
  4. High-interest debt
  5. IRAs
  6. 401k/403b/HSA
  7. Financial Independence / Life Goals

We think this will be an episode you’ll want to revisit again and again the further you go down your journey.

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Learn More About Your Hosts (Cody’s Blog)

Saving-Sherpa (Justin’s blog)