441 | The Valuist Returns | FI Roundup with Bo Loy

ChooseFI

Brad Barrett | Choose FI Media

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

4.8 • 5K Ratings

🗓️ 12 June 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: the continuum of FI, skilling up, chasing true value, the power of connection, and second generation FI.

This week we are rejoined by friend of the podcast Bo Loy to talk about finding value on the FI journey, drowning out the "noise," and the importance of not depriving yourself of happiness in order to reach your FI goal. While the journey to FI does require you to make financial changes and pick up new habits that can launch you towards financial independence, the purpose of this journey is never to deprive or restrict yourself in order to reach your goal. No matter when you begin this journey, the goal in mind should be taking steps in order to improve your life both financially AND mentally. Not sacrificing the things that bring value to it! There's a lot to learn on the path to FI, but it’s important to remember that what you are working towards is more than just a number, it's personal happiness, fulfillment, and more!

Timestamps:

0:58 - Introduction
4:37 - The Continuum of FI
11:51 - Skilling Up
15:44 - Life Updates
25:59 - Chasing True Value
34:55 - Meeting Your kids Where Their Interests Lie
41:17 - The Power of Connection
48:20 - Just Going For It
52:24 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

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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

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0:00.0	Hello and welcome to Choose a Phi. Today on the show we have the return of the
0:03.9	valuist, my good friend, Bo Loy, who coined the phrase,
0:07.9	valuist, way back I think in 2017. And that has become really a significant
0:13.6	portion of our entire message here at Choose a Phi, which is you buy what you value.
0:19.0	And I think that is really an enduring legacy for him. And I love that he's back.
0:23.7	So we had him on episode 396 and just had a wonderful varied conversation on all things Phi.
0:30.0	And he's someone that I hope to have on the show a couple times a year to have a round-up
0:33.8	type episode. And this is certainly that. We talk about what Jonathan has been up to actually.
0:39.4	We talk about second generation Phi, amusement parks, and how people in the Phi community love them,
0:45.5	and Phi at any age amongst many, many other things. So with that, welcome to Choose a Phi.
0:52.0	Welcome back to Choose a Phi, my friend. It's so good to see you.
1:02.2	Yeah, how you doing, buddy? I am doing quite well. Hey, I like how you did that.
1:06.8	Damn, that's, it's been a while. I should almost have, so I've mentioned that I work out with Jonathan
1:12.6	four times a week now. I could just for old times sake have him say, how you doing?
1:19.2	You should have him come on just for that. Yeah, by the way shout out to Jonathan for,
1:23.3	I don't know how much you guys were, but it felt like it was 50-50 the whole time for creating
1:27.7	this and putting his heart and soul into it. So you are missed. I think Brad's doing a great job,
1:32.1	but Jonathan, it was super fun when you were on. So thanks for being part of this thing.
1:36.3	Yeah, that's awesome, but I know I'm sure he will appreciate hearing that. And yeah,
1:40.2	the great thing is Jonathan is not far away. We've had a lot of people, I obviously have mentioned him
1:46.0	in reference to working out and such, but I've of course had a lot of people reach out. What's Jonathan
1:50.6	up to? Is he ever coming back on the podcast? And I can say rest assured he is coming back on the
	...

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