378 | Earning Power: The Best Protection Against Inflation

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 23 May 2022

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's episode, Brad and Jonathan dissect the idea of earning power being used as a weapon to combat inflation, and strategies you can implement to level up your income!

One of the best ways to reduce the impact inflation has on your life is to out-earn the inflation rate. While that solution can easily fall under the umbrella phrase of, "easier said than done," there are actions you can take to make that process easier for yourself! Listen along as the guys discuss different strategies to approach raising your income and see if any of them can apply to you and your FI journey!

Timestamps

0:55 - Introductions and Season's Change
5:37 - Times is a Resource
9:10 - Start With Spending
14:07 - College Cynicism
21:53 - The Career Freedom of FI
25:04 - Income Combatting Inflation
28:10 - Performance Reviews and Standing Out
36:15 - The Art of Salary Negotiation
43:00 - Influence
45:03 - The Script
51:31 - How Can I Improve This?
53:42 - Opportunity and Conclusion

Resources Mentioned In Today’s Conversation

If You Want To Support ChooseFI:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Compare, buy, and save big on insurance with Policygenius
Keep learning or start a new sidehustle with one of our educational courses
Slash your cellphone bill without sacrificing service with Mint Mobile

Transcript

Click on a timestamp to play from that location

0:00.0	On today's episode, Earning Power, the best protection against inflation.
0:04.0	Welcome to the Ultimate Crown Source Personal Finance Show. This is Choose A Five.
0:08.2	You're listening to Choose A Five Radio.
0:12.8	The blueprint for financial independence lives here.
0:23.6	If you're looking to unlock the secrets to financial independence and early retirement,
0:28.5	you're in the right place. Stay tuned and join a community of like-minded people who are getting
0:34.0	all fans to hear and taking control of their lives in the pursuit of financial independence.
0:39.6	Choose A Five. You're home for financial independence online.
0:46.8	All right guys, very excited to dive into this week's episode and help me with this.
0:58.1	I have my co-host Brad here at the end of the day. How you doing buddy?
1:00.3	Hey Jonathan, I am doing quite well. Yeah, it's just like a nice time of year right now.
1:05.2	We actually have our pool opening pretty soon, which is-
1:08.8	It's like, honestly, we're like five years of announcing when the pool opens.
1:13.7	Well, it's a big deal, right? It's a little frost. It's where we-
1:17.9	Where we frolic as we like to say every summer and yeah, it just-
1:21.7	It feels like a nice- a nice change of season, right? Literally and figuratively.
1:26.3	Yeah, it's funny, man. As we moved into spring, like I have a German sugar-hair pointer,
1:30.4	beautiful dog, and it- it's a hunting breed, right? And so they- they- they have that kind of
1:35.5	really gorgeous point where they find something and they find it and they point at it. And as
1:39.4	spring has happened, the squirrels are just going crazy in my yard. And my dog is obsessed,
1:45.2	was just going outside and stalking them. I don't think she's ever caught one in her entire life,
1:50.4	but she just gets caught up in, you know, hundreds if not thousands of years of breeding.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brad Barrett | Choose FI Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brad Barrett | Choose FI Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.