What is Phi planning?

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Phi, or Financial Independence, emphasizes DIY (Do-It-Yourself) financial planning for its community. Brad Barrett discusses how members often prefer DIY approaches due to their cautious stance towards traditional financial advisors and the fees involved 1. The process includes data gathering checklists to consolidate financial ecosystems, covering assets like real estate and various investment statements 2.

For those aligning their finances with personal goals, a community member, Cody Garrett, is sharing his entire planning process, including templates and calculators, through free YouTube and Instagram content, as well as video courses. This is to aid families in crafting their own financial plans or finding advice-only planners who resonate with the Phi philosophy 3.

DIY Financial Planning

Cody, a financial planner and member of the Phi community, discusses the pros and cons of DIY financial planning. He highlights the importance of comprehensive financial planning and addresses misconceptions about financial advisors.
ChooseFI
352 | The DIY Financial Plan
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