384 | Functionality with Numbers

ChooseFI

Brad Barrett | Choose FI Media

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

4.8 • 5K Ratings

🗓️ 4 July 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: functionality with numbers, the rule of 74, decision making, free roles, and tilting the odds in your favor!

Setting yourself up for success is one of the FI community's main ideals, but what is the best way to go about doing that? Well, to put it simply, math. While the mention of math may be enough to put some people off entirely, what if we told you basic math could be enough to prime yourself up for success? Simple addition, subtraction, multiplication, and division when applied right can have a huge impact on your personal finances! Listen along and see if there are any ways you could apply basic math into your own decision making going forward!

Timestamps

1:00 - Introduction and Functional Numbers
2:47 - Rule of 72
7:44 - Math is Rad!
11:27 - Math and Opportunity Costs
18:38 - Decision Making
26:03 - Free Roles
33:54 - Credit Card Costs
39:52 - Hunting for Win-Wins
44:39 - Conclusion

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Transcript

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0:00.0	On today's episode, how does poker theme park annual passes and travel rewards all
0:06.4	fold in to being functional with numbers?
0:08.8	Welcome to the Ultimate Crown Source Personal Financial.
0:10.8	This is Juice of Five.
0:12.6	You're listening to Choose Applied Radio.
0:17.2	The blueprint for financial independence lives here.
0:28.0	If you're looking to unblock the secrets to financial independence and early retirement,
0:33.0	you're in the right place.
0:34.9	Stay tuned and join a community of like-minded people who are getting all finance for
0:39.0	you and taking control of their lives in the pursuit of financial independence.
0:44.0	Choose FI, your home for financial independence on live.
0:59.9	Hey everyone, welcome back.
1:01.3	Excited to dive into this week's episode and help me with this.
1:03.7	I have my co-host Brad here with me today.
1:05.5	How you doing buddy?
1:06.5	Hey Jonathan, I am doing quite well.
1:08.5	Yeah, I love the functional with numbers concept, right?
1:12.5	This is something that I always talk about with my kids.
1:15.8	You and I talk about it just basic, basic math and how important that is to really succeeding
1:23.5	at life.
1:24.5	I know that that might sound a little grandiose, but I really think so many people just say,
1:28.4	oh, I was bad at math in school and I'm scared of math and all of these things.
	...

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