Show notes
076R | Brad and Jonathan brainstorm ways to implement local adventure into their own lives and the lives of the ChooseFI community. Also, achat about high school reunions, local libraries, and a few clarifications about 401k contributions.
- Jonathan's 26-year-old sister just hit an 85% savings rate.
- Living at home can be super helpful to the recent college graduate, or young person entering the workforce.
- Getting to $100k net worth is the hardest part: after that, compounded interest starts working for you.
- Brad signed up his daughter for www.code.org, a website that teaches coding paired with Minecraft.
- Review of Monday’s episode with Mrs. Adventure Rich.
- Getting the right mindset is the most important part of getting on the path to financial independence.
- How does Brad feel about not having a FI number or date?
- Is the pursuit of financial independence a race or a journey?
- What was positive about the way Mrs. Adventure Rich’s coworker introduced her to FI.
- How has Mrs. AR lowered the barrier of entry for local adventures?
- How can local ChooseFI groups apply these ideas to exploring their own cities?
- How does the idea of exploring your own city connect with the idea of intentionally creating memorable moments, as introduced by Chris in ChooseFI episode 71.
- Adventure is anything that makes you feel like, “Hey, this is really living.”
- Have we traded adventure for convenience?
- How can someone plan for those things that truly bring value to their life?
- Check out ChooseFI episode 37, with Scott, talking about rolling out the red carpet for the valuable things in your life.
- Follow up from Robert, from The College Investor: how much student loan debt has the ChooseFI community paid off?
- Voicemail from Suzanne: in addition to physical books, her local library often provides access to online newspapers, to online language programs, STEM programs for students, as well as actual after-school programs for students from the public schools.
- Voicemail from the Peerless Money Mentor : the local library in Baton Rouge, LA, provides some access to Treehouse coding courses.
- How would Brad or Jonathan describe their lives at a high school reunion?
- Once you have all your financial needs taken care of, what do you want to do? What's your purpose?
- Email from Danny: how do employer contributions impact a 401k?
- Employer matched contributions do not count toward the $18,500 yearly limit for your 401k.
- There are some additional ways to maximize full contributions to your 401k, up to $55k a year.
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