About Us
Meet Our Founder & President: Frixmon Michael
A Visionary Leader in Financial Coaching
Frixmon Michael is the founder and president of Founders Forge, a serial entrepreneur, tax consultant, wealth strategist, and leadership coach. His career is dedicated to helping individuals and families achieve financial independence. With extensive experience in financial management and a passion for education, Frixmon specializes in applying compounding principles and leveraging tactics to grow wealth efficiently.
Frixmon is also the President and Co-Founder of Avant Group of Companies in the US, which operates over 15 businesses in sectors including Tax, Insurance, Investments, Mortgage, Health Care, and Retail. Additionally, he serves as a Certified Mentor for SBA Score in Dallas, Texas. His commitment to the FIRE movement and his expertise in finance and entrepreneurship have been instrumental in shaping the philosophy and services of Founders Forge.
Frixmon’s journey is marked by a relentless pursuit of knowledge and a deep desire to empower others. His leadership and coaching skills have fostered a supportive and inspiring community at Founders Forge, where shared learning and community support are key to achieving financial goals.
Our Comprehensive Coaching Areas
‣ Tax Planning: Personalized strategies to minimize tax liabilities and maximize savings.
‣ Budgeting: Detailed budgeting tailored to your goals, with tools and techniques for managing expenses.
‣ Saving: Building a robust savings plan with disciplined habits for future investments.
‣ Investing: Guidance on leveraging compounding principles and strategic investments for sustainable wealth growth.
Myths & Misconceptions Of The Americans
Many people believe that Social Security and Medicare will provide sufficient financial security during their retirement years. However, this belief can be considered a myth. While these programs do provide valuable benefits, they were never intended to be the sole source of income or healthcare coverage for retirees.
Social Security : A Retirement Myth
Indeed, it seems that relying solely on Social Security benefits for retirement has become somewhat of a myth. While the full retirement age is 67 for those born in 1960 or later, with a maximum monthly benefit of $3,627 for workers retiring at full retirement age in 2023, many Americans are compelled to work beyond this age due to insufficient savings. The situation is further complicated by the prediction from the Social Security Board of Trustees that the OASI Trust Fund, which pays retirement benefits, will run out by 2034 unless modifications are made. Additionally, if an individual's income exceeds $34,000, they may face taxes on up to 85% of their benefits. A 2020 Federal Reserve survey indicated that approximately 25% of non-retired adults had no retirement savings or pension. However, early retirement is achievable with disciplined financial planning and investment, though the specifics would depend on individual factors such as income, expenses, saving rate, and investment.
Medicare : A Health Insurance Myth
Medicare is a federal program that provides health coverage for people aged 65 or older or with certain disabilities. However, it's a myth that Medicare covers all health costs in retirement. While it does cover many health services, it doesn't cover everything. For instance, long-term care services, which 70% of individuals over 65 will require, are not fully covered. The average cost of a private room in a nursing home, around $8,365 per month, can be a significant out-of-pocket expense.
Moreover, Medicare doesn't cover some types of care like routine dental or eye care, hearing aids, or cosmetic surgery. It also doesn't cover prescription drugs unless you purchase a supplemental plan.
Poor health in retirement can lead to non-financial costs as well, such as decreased mobility, increased dependence, and reduced participation in enjoyable activities. Chronic illnesses can cause emotional distress and reduced life satisfaction.
Preventive services and maintaining good health are crucial. Visiting a naturopathy clinic can be a proactive step towards achieving sound health. These clinics offer personalized treatments to promote the body's self-healing process, helping improve overall well-being.
Therefore, it's essential to plan for healthcare costs in retirement and not rely solely on Medicare. Consider other health insurance options, savings, or long-term care insurance to help cover these expenses.
About Us
At Founders Forge, we are passionate about the FIRE movement. We believe in the power of financial independence and the liberation it brings. Our mission is to equip you with the tools, resources, and support you need to achieve your financial goals and retire early. The FIRE (Financial Independence, Retire Early) movement is a lifestyle concept or philosophy that originated from the 1992 best-selling book "Your Money or Your Life" written by Vicki Robin and Joe Dominguez. However, the term "FIRE" was coined in the 2010s and gained popularity through online communities and blogs.
The movement encourages aggressive saving and investing in order to retire early. The idea is to save and invest very aggressively—somewhere between 50-75% of your income—so you can retire sometime in your 30s or 40s. The FIRE philosophy is really about redefining the traditional life path of working, retiring, and then dying. Instead, adherents to the FIRE movement suggest that people should have the freedom to enjoy their life by retiring early.
We understand that everyone's journey to financial independence is unique. Whether you're aiming for LeanFIRE, FatFIRE, BaristaFIRE,CoastFIRE,or SlowFIRE, we are here to guide you every step of the way.
The FIRE (Financial Independence, Retire Early) movement has several variations to suit different lifestyles and goals. Here are the five main types:
1. LeanFIRE:
This is for individuals who can live happily on a smaller budget. They aim to retire early by cutting costs and maintaining a frugal lifestyle, both before and after retirement.
2. FatFIRE:
This is the opposite of LeanFIRE. Individuals following FatFIRE want to retire early but maintain a more luxurious lifestyle. They aim to save a larger nest egg to afford more spending in retirement.
3. BaristaFIRE:
People who follow this approach plan to retire early but still work part-time or have a side job to cover expenses and health insurance. The term "Barista" comes from the idea that you could work a low-stress, part-time job (like a barista) to supplement your income.
4.Coast Fire:
This involves saving enough money early in life that you no longer need to save for retirement. You only need to cover your current expenses, and your savings will grow over time to support you in retirement
5.Slow Fire:
: This is for people who love their work and don't want to retire early, but they want the financial independence part of FIRE. They work towards having enough savings to feel secure and potentially work less or take a lower-paying job they enjoy more.
Everyone's FIRE journey is unique, and it's important to choose a path that aligns with your personal goals and lifestyle preferences.
Myths & Misconceptions Of The Americans
Many people believe that Social Security and Medicare will provide sufficient financial security during their retirement years. However, this belief can be considered a myth. While these programs do provide valuable benefits, they were never intended to be the sole source of income or healthcare coverage for retirees.
Social Security : A Retirement Myth
Indeed, it seems that relying solely on Social Security benefits for retirement has become somewhat of a myth. While the full retirement age is 67 for those born in 1960 or later, with a maximum monthly benefit of $3,627 for workers retiring at full retirement age in 2023, many Americans are compelled to work beyond this age due to insufficient savings. The situation is further complicated by the prediction from the Social Security Board of Trustees that the OASI Trust Fund, which pays retirement benefits, will run out by 2034 unless modifications are made. Additionally, if an individual's income exceeds $34,000, they may face taxes on up to 85% of their benefits. A 2020 Federal Reserve survey indicated that approximately 25% of non-retired adults had no retirement savings or pension. However, early retirement is achievable with disciplined financial planning and investment, though the specifics would depend on individual factors such as income, expenses, saving rate, and investment.
Medicare : A Health Insurance Myth
Medicare is a federal program that provides health coverage for people aged 65 or older or with certain disabilities. However, it's a myth that Medicare covers all health costs in retirement. While it does cover many health services, it doesn't cover everything. For instance, long-term care services, which 70% of individuals over 65 will require, are not fully covered. The average cost of a private room in a nursing home, around $8,365 per month, can be a significant out-of-pocket expense.
Moreover, Medicare doesn't cover some types of care like routine dental or eye care, hearing aids, or cosmetic surgery. It also doesn't cover prescription drugs unless you purchase a supplemental plan.
Poor health in retirement can lead to non-financial costs as well, such as decreased mobility, increased dependence, and reduced participation in enjoyable activities. Chronic illnesses can cause emotional distress and reduced life satisfaction.
Preventive services and maintaining good health are crucial. Visiting a naturopathy clinic can be a proactive step towards achieving sound health. These clinics offer personalized treatments to promote the body's self-healing process, helping improve overall well-being.
Therefore, it's essential to plan for healthcare costs in retirement and not rely solely on Medicare. Consider other health insurance options, savings, or long-term care insurance to help cover these expenses.
Our Approach
At Founders Forge, we believe in a balanced approach to achieving financial independence. We don't just focus on one strategy but help you create a personalized plan that takes into account your income, lifestyle preferences, risk tolerance, and financial goals. We are here to guide you every step of the way on your journey to financial independence and early retirement. Stephen Covey's book "The 7 Habits of Highly Effective People." Is truly inspiration for all of us . Here are the habits:
1.Be Proactive:
Take responsibility for your reaction to your experiences, take the initiative to respond positively and improve the situation.
2. Begin with the End in Mind:
Envision what you want in the future so you can work towards it.
3. Put First Things First:
Prioritize your day-to-day actions based on what is most important, not what is urgent.
4. Think Win-Win:
Strive for mutually beneficial solutions or agreements in your relationships..
5. Seek First to Understand, Then to be Understood:
Use empathetic listening to genuinely understand a person, which compels them to reciprocate the listening and take an open mind to being influenced by you.
6. Synergize:
Combine the strengths of people through teamwork, to achieve goals no one person could have done alone.
7. Sharpen the Saw:
Balance and renew your resources, energy, and health to create a sustainable, long-term, effective lifestyle.
Our Philosophy
At Founders Forge, we have a set of core beliefs that underpin our coaching approach:
1. Tax is the biggest expense you will have throughout your life unless you plan on reducing it.
Frixmon Michael firmly believes that tax planning is an essential aspect of financial success. By implementing proper tax strategies, individuals and businesses can significantly reduce their tax burden, allowing them to retain more of their hard-earned money and allocate it towards wealth-building activities.
2. Proper tax planning brings balance to your inco
We understand that achieving financial balance is crucial for long-term success. Through our coaching programs, we teach our clients how to optimize their tax planning, ensuring that their income and investments work together harmoniously to create a solid financial foundation.
3. Savings and investments are commonly recognized as primary methods for generating wealth.
Founders Forge emphasizes the importance of saving and investing as key drivers of wealth creation. Our coaching programs provide practical insights and strategies to help individuals develop a disciplined savings plan and make informed investment decisions that align with their financial goals.
4. You should be net worth affluent rather than income- affluent.
While many people focus solely on increasing their income, we believe that true financial success lies in building wealth. Our coaching programs teach individuals how to shift their mindset from being solely income-focused to adopting a wealth-centric approach, enabling them to create sustainable and lasting financial prosperity.
5. Entrepreneurs are not born but made, as entrepreneurship is a science with cause and effect.
At Founders Forge, we firmly believe that anyone can become an entrepreneur with the right knowledge, skills, and mindset. Our coaching programs are designed to demystify the world of entrepreneurship and provide individuals with the tools and strategies
needed to start and grow successful businesses. We teach the science behind entrepreneurship, focusing on cause and effect relationships that drive business success
About the Founder
Founders Forge was established by Frixmon Michael, a serial entrepreneur, tax consultant, wealth strategist, and leadership coach. Frixmon has dedicated his life to helping individuals achieve financial independence and early retirement. Frixmon is also the President and Co-Founder of Avant Group of Companies in the US which runs more than 15 businesses in the areas of Tax , Insurance, Investments, Mortgage, Health Care, and Retail. Frixmon is also a Certified Mentor for SBA Score in Dallas, Texas. His passion for the FIRE movement, coupled with his expertise in finance and entrepreneurship, has been instrumental in shaping the philosophy and services of Founders Forge.
Frixmon's journey in the financial sector has been marked by a relentless pursuit of knowledge and a deep desire to empower others. He understands the intricacies of financial planning, tax consulting, and wealth management, and uses this knowledge to guide individuals on their path to financial freedom.
Frixmon's leadership and coaching skills have also been pivotal in creating a supportive and inspiring community at Founders Forge. He believes in the power of community and the importance of shared learning in achieving financial goals.
Working With The Best
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