347 | How Did You Calculate That Return?
ChooseFI
Brad Barrett | Choose FI Media
4.8 • 5K Ratings
🗓️ 18 October 2021
⏱️ 49 minutes
🧾️ Download transcript
Summary
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!
Transcript
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| 0:00.0 | You're listening to Choose FI Radio. |
| 0:10.0 | The blueprint for financial independence lives here. |
| 0:20.8 | If you're looking to unlock the secrets to financial independence and early retirement, |
| 0:25.8 | you're in the right place. |
| 0:27.7 | Stay tuned and join a community of like-minded people who are getting all fans to hear |
| 0:32.5 | and taking control of their lives in the pursuit of financial independence. |
| 0:36.7 | Choose FI, your home for financial independence online. |
| 0:43.7 | Alright guys, very excited to dive into this week's episode and help me with this. |
| 0:55.6 | I have my co-host Brad here with me today. |
| 0:57.6 | How you doing buddy? |
| 0:58.6 | Hey Jonathan, I am doing quite well. |
| 1:00.6 | Yeah, what's going on in your world? |
| 1:02.3 | Well I took my wife to breakfast this morning and talking about awesome date conversation. |
| 1:07.4 | We started talking about numbers, talking about stats a little bit and I realized mid-conversation |
| 1:12.8 | that there is a hole in all of my logic, all of our logic. |
| 1:17.9 | Everything you've learned in your entire life, there's a lot of things. |
| 1:20.4 | Everything's two plus two is not four. |
| 1:22.3 | It's not four. |
| 1:23.3 | Alright, here it is. |
| 1:25.3 | I have no idea where you're going with this but I'm on the edge of my seat. |
| 1:31.3 | Alright, you start out with this $1,000. |
| 1:34.3 | You have $1,000. |
... |
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