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Mindset, Money, & Life for late starters on the journey to Financial Independence

Nov 19, 2023

Diana Falck is a 52-year-old retired wife, stepmom to six, Glamma to six, and financial literacy advocate residing in Arizona. She is also on the staff of Catching Up to FI as our Facebook group administrator and social media maven. 

Diana has an inspiring story of persistence, diligence, and compassion. Burdened with a six-figure MBA debt for over a decade, the Chicago-born Italian was determined to become debt free and enrolled in Financial Peace University. She went gazelle intense to pay off debt, save for an emergency fund, and invest for retirement.

Due to the overhaul in her life, she wanted freedom for others and volunteered in stewardship ministries and then the Financial Independence community. Diana married at 48 and went around the debt mountain for a second round. She is passionate to help and encourage late starters as the journey hits very close to home.

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Corrections: 

12:30 Study abroad in Spain was a program that Marquette sponsored at Universidad Complutense de Madrid.

29:07 Gig was for three weeks

29:14 21 days 

30:11 three weeks

42:21 2020, not 2000

49:30 Jan 2020, not Dec 2020…it took 19 months

 

Diana's favorite links

Resources mentioned on the show:

EconoMe Conference

Peace Corps: The Toughest Job You'll Ever Love

Food for the Hungry

House Hacking

CURE International (Afghanistan)

Taxes

Geoarbitrage: Physical Presence Test

Begin at 14:40 for scene: Break the Chains of Debt

Gazelle Intensity

Debt Snowball vs Avalanche

Episode 31 Top Gun Finance

Legacy Drawer (Dead Box-Jeremy Personal Finance Club)

Financial Literacy Education - ChooseFI

The Shockingly Simple Math Behind Early Retirement

FatFI defined

Fight back and WIN - "Bankrupt" - Taylor Swift Bad Blood Parody

Ben & Arthur Chart

Resources that helped Diana's/Falck's Money Journeys

Apps that saved our marriage

Google Calendar: shared

Life360

YNAB & Nick True for YNAB Help

Movies

Playing with FIRE

Books

The Total Money Makeover ~ Dave Ramsey: For Debt ONLY

ChooseFI: Your Blueprint to Financial Independence

I Will Teach You to Be Rich ~ Ramit Sethi

Financial Freedom ~ Grant Sabatier

48 Days to the Work You Love ~ Dan Miller

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life ~ Jordan Grumet, M.D.

Diana would like to dedicate her first podcast to her late cousin, Ida and brother, Tony. 

If you or someone you know is struggling with addiction, help is out there, and freedom is possible. As with any program…the steps work:

12-step

Celebrate Recovery

Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.