In this week’s episode, Brad and Jonathan discuss how critical it is to fully understand what the statistics and numeric values describing your investment returns actually represent. They do so by describing what compound annual growth rate is, explaining the logic behind the 4 percent rule, and by referencing helpful insights gained in previous episodes of ChooseFI! Later in the show, the guys are joined by Rob Phelan from “The Simple Startup” to discuss second generation FI, the benefits of teaching children and teenagers about entrepreneurship, and Rob’s new children’s book M is for Money! Rob Phelan Website: The Simple Startup Book: M is for Money Resources Mentioned In Today’s Conversation ChooseFI’s Future Value of Investment Calculator Early Retirement Now Making Portfolio Adjustments With Big ERN | ChooseFI Episode 199 How Do I Figure Out the Taxes on This? | ChooseFI Episode 346 Flexible Spending Rules For Early Retirees | ChooseFI Episode 176 What Happens When The Paycheck Stops? – Keys To A Successful Retirement With Fritz Gilbert (Part 1) | ChooseFI Episode 206 102 Business Ideas for Kids | Simple Startup with Arianna and Sheila | ChooseFI Episode 308 Future Proof | ChooseFI Episode 271 Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!
How Do I Figure Out the Taxes on This?
In this week's episode, Brad and Jonathan examine the concept of assets and where they fit in your general tax strategy. Together, they discuss the different factors that effect how and when you pay your taxes, compare the differences between Roth IRA's and 401k's, and explore potentially beneficial ways in which after-tax investments and 401k's overlap! Resources Mentioned In Today's Conversation The Unfair (FI) Advantage Of Teachers 457b | ChooseFI Episode 13 The Millionaire Educator's 2021 Free Money Article Subscribe To ChooseFI's Weekly Newsletter Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!
345 | The Art of the Career Pivot
In this week's episode, Brad and Jonathan talk about the benefits behind creating the space needed in life for you to challenge yourself. While it may be tempting to relax in place with your new-found free time, you should be using it as an opportunity for growth! Who knows, you could even find yourself in a career you never thought you'd be in, making more than you ever thought you could earn! Listen along as the guys tell you the steps needed to execute a masterful career pivot! Resources Mentioned In Today's Conversation The Laura Barrett Cookbook You Are More Than Your Financial Capital with Laura Oldanie | ChooseFI Episode 248 $1K 100 Ways with Nick Loper | ChooseFI Episode 336 Subscribe to the FI Weekly! Take the Free 5-Day Salesforce Challenge! Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!
344 | Risk Avoidance and Deworsification
In this week's episode, Brad and Jonathan discuss how risk avoidance can weigh down your returns in the form of opportunity costs. While your savings may be safe, you could be missing out on opportunities for your money to work on your behalf! Join the guys as they discuss the rule of 72, inflation, and diversifying as opposed to "deworsifying!" Resources Mentioned In Today's Conversation "Richer, Wiser, Happier" By William Green "The Psychology of Money" By Morgan Housel Are You as Diversified as You Think You Are? With Frank Vasquez | ChooseFI Episode 313 JL Collins' Website Sign Up For ChooseFI's Weekly Newsletter! Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!
343 | Firing the Haters
In this week's episode, Brad and Jonathan are joined for the "many-ith" time by Jillian Johnsrud to discuss her new book, "Fire The Haters." Together, they dissect some of the themes from Jillian's book, which leads to discussions about overcoming imposter syndrome, taking action, acknowledging valid feedback, and identifying the difference between procrastination and preparation! Jillian Johnsrud Website: jillianjohnsrud.com Podcast: Everyday Courage Resources Mentioned In Today's Conversation "Fire The Haters" by Jillian Johnsrud ChooseFI's Facebook Group Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!
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