422 | Lessons From a Young Entrepreneur
ChooseFI
Brad Barrett | Choose FI Media
4.8 • 5K Ratings
🗓️ 30 January 2023
⏱️ 75 minutes
🧾️ Download transcript
Summary
In this episode: taking the unconventional path, the price of time, early entrepreneurship, talent stacking, and the pursuit of learning.
At least once in most of our FI journeys, we have pondered what our life would look like if we started earlier. Maybe you have even wondered what value could've been gained if you had started in your teenage years. Well, for some context into the possibilities decision that could provide, we decided to have 17 year old listener Devin on the podcast to discuss what life can look like when you go against the cultural norm of going to college, and instead opting for an entrepreneurial and FI friendly lifestyle. Oftentimes we mention that there are rewards that come with stepping out of your comfort zone, and the same can be said for going against the societal norm and carving out your own path! For our younger audience who may be interested in getting started with their FI journey, let this episode be a useful resource and reassurance that this journey can begin no matter your age!
Timestamps:
- 1:55 - Introduction
- 5:28 - Taking The Unconventional Path
- 11:58 - The Cost Of Time
- 16:36 - Early Entrepreneurship
- 30:45 - Building The Talent Stack And Real Estate Investing
- 36:56 - The Pursuit Of Learning
- 45:18 - Saving And Investing
- 51:53 - Early Retirement Planning
- 69:49 - Conclusion
Resources Mentioned In Today’s Episode:
- Raising Voyagers
- TalentStacker
- House Hacking With Coach Carson | ChooseFI Ep 16
- My First Million Podcast
- Dominick Quartuccio
- M1 Finance Review 2022: Commission-Free Automated Investing For Everyone
- "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins
- How And Why To Set Up A Roth IRA Conversion Ladder | ChooseFI
- Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18
- "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't" by Brian Feroldi
- Subscribe to The FI Weekly!
More Helpful Links and Resources:
- 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
- Keep learning or start a new side hustle with one of our educational courses
- Commission-Free Investing with M1 Finance
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey, it's Brad. We are in 2023 and travel has come roaring back. And in fact, the prices are at an |
| 0:07.5 | all-time high. I've never seen airline and hotel prices as expensive as they are right now. |
| 0:13.0 | We actually had a big conversation in our Facebook group this past week about using travel |
| 0:18.4 | rewards points to go to Disney World. And that's actually an article that I have on ChewsOfI.com. |
| 0:24.8 | So if you had to choose of I.com slash Disney, there is a step-by-step instruction on how to take |
| 0:31.6 | your family to Disney World for almost free. It's actually one of the easiest trips to take |
| 0:36.6 | with travel rewards. And it's the one that I originally published almost 10 years ago on my |
| 0:43.2 | old-side Richmond Savers. So this is something that works is easy and has worked for many, many years. |
| 0:49.8 | So if you're looking to get started with travel rewards, that's a nice easy way. Or just had to |
| 0:54.4 | choose of I.com slash travel. And that's where we have all of our podcasts on travel. And we also |
| 1:00.3 | have all of our credit card reviews, including our top recommended card, the Chase Sapphire preferred. |
| 1:05.5 | I think it can really help you if you use these resources. And of course, it would mean the world to |
| 1:10.5 | me if you could use our links when you sign up for credit cards. Thanks and happy travels. |
| 1:16.4 | Hello and welcome to ChewsOfI. Today on the show we have a real treat. We have Devon, |
| 1:21.2 | who is a 17 year old who lives in Michigan, who is a two year listener of ChewsOfI. His older brother |
| 1:28.3 | introduced him to the show and he's been listening diligently now for almost two years, which is |
| 1:32.7 | remarkable. And he reached out to me with just such an interesting story of his life. And really |
| 1:38.4 | more importantly, he said, hey, wouldn't it be great to have somebody young on the show to tell their |
| 1:44.4 | story, but really more importantly, to ask questions, to say, hey, what would this look like if I could |
| 1:50.8 | get it right from the beginning? And I think that is a really, really important way to look at |
| 1:56.1 | phi because there are a lot of us, I know I found phi in my in my mid to late 20s and I had already |
| 2:02.8 | made some quote unquote mistakes. But what if you want to introduce this to your brother's sister, |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2025.