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ChooseFI

428 | Fees, Frugality, and 401K Fears

ChooseFI

Brad Barrett | Choose FI Media

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

4.85K Ratings

🗓️ 13 March 2023

⏱️ 78 minutes

🧾️ Download transcript

Summary

In this episode: personal investments, 401k contributions, FI is for everyone, travel rewards, task management, and taxes.

On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener’s questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it’s okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism!

Timestamps:

  • 1:04 - Introduction
  • 3:31 - FI Is For Everyone
  • 9:16 - Personal Investments
  • 14:08 - Paying For Experiences
  • 19:09 - An Introduction To FI
  • 28:20 - Task Management
  • 35:19 - Travel Rewards
  • 47:06 - 401k Contribution Question
  • 61:00 - Tax Season Hack
  • 68:51 - The Content We Are Consuming
  • 75:28 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Choose If I. Today on the show, if you're a long time listener, you know that Jonathan and I used to do weekly roundups.

0:07.9

We would talk about just random goings on in our lives and field questions from the audience.

0:14.6

And for the last handful of months, I've really gone away from this.

0:18.0

And it was something that a lot of people in the audience have asked for.

0:21.8

And actually my guest co-host today, Ginger, is one of the people who has asked for that specifically.

0:27.6

So I thought she would be the perfect person because if you remember, she joined me along with Hosue on episode 415 for the first episode of our book club.

0:37.8

And we actually had a lot of great feedback on Ginger as just a fun person to bring back on the show.

0:44.6

So thought this would be perfect.

0:46.7

And yeah, this is just going to be a great episode of us just kind of chatting through what's going on in our lives and also fielding a bunch of questions from you, our community.

0:54.8

So with that, welcome to Choose If I.

0:57.4

Ginger, welcome back to Choose If I. I'm so happy you're here.

1:07.4

Thank you so much for having me back.

1:09.2

Like we've talked about a little bit, I loved the roundup episode.

1:11.9

So it's a thrill to be on one of them.

1:14.4

Yeah, this should be great.

1:15.6

This is the first one, like I said, that we've done in a while.

1:18.6

And the great part about roundup is you never know where it's going to take you.

1:21.8

We have a whole list of things we can chat about, but who the heck knows.

1:24.9

So that's one of the great things.

1:27.7

So yeah, like I said, you were on episode 415, which was our first book club episode.

1:33.0

And so this is coming out in mid March.

1:35.9

And about 10 days from when this releases, me, you and Hoseway are going to record our second book club episode.

...

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