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ChooseFI

443 | The Invisible Nature of Spending | Ginger Roundup

ChooseFI

Brad Barrett | Choose FI Media

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

4.85K Ratings

🗓️ 26 June 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

In this episode: travel rewards, credit cards, the true cost of buying a car, health, retirement, and community wins.

This week we are re-joined by Ginger for another Round-Up episode where we will briefly discuss travel rewards, updates on Ginger’s credit card journey, the value of implementing new habits, and also dip into the listener mailbag! Over the course of this podcast we often discuss the importance of taking action and making changes in your life to not only achieve FI but also improve your life overall. While we know changes don’t happen overnight, (just as no one can reach their FI goal overnight) it’s important to remember that sometimes the best thing you can do is take action little by little. Sometimes this means budgeting, and other times it can mean breaking free from an unhealthy frugal mindset in order improve your quality of life! Whatever the changes you wish to make or habits you want to create are, remember it's never too late to begin!

Timestamps:

  • 0:10 - Introduction
  • 0:29 - Travel Rewards
  • 6:52 - Global Entry/Credit Cards
  • 16:30 - The True Cost Of Buying A Car
  • 25:49 - Health, Fitness, and Habits
  • 39:44 - Pensions and Retirement Numbers
  • 48:22 - Community Wins
  • 54:34 - 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

All right. Hello and welcome to Choose a Fi today on the show. We have Ginger from Fires

0:14.6

Fun who is back to do a roundup episode with me. And we have a whole list of topics that

0:19.7

we're going to try to get to. And yeah, this should be fun because Fires Fun. So with

0:24.5

that Ginger, welcome back. Thanks. Thanks for having me back.

0:27.7

Yeah, this should be a good time. So I know you, your favorite topic is travel rewards.

0:32.9

So I know you have a couple quick things that you wanted to talk about, ask about, et cetera.

0:37.8

But I actually, and that's great. We're going to have fun with that. I have a quick update

0:43.4

about something that we talked about on that episode with Clint actually. So episode

0:48.3

438, we did the Dollars and Sends book club with Clint Murphy. And that was a ton of fun.

0:54.6

I had talked about this Taylor Swift concert that I was thinking about maybe taking my daughter

1:00.0

to and still a work in progress, but it's looking more likely that it's going to happen. And I actually

1:06.3

kind of took the first, we talked in that book about psychological steps, right? And I took the

1:13.0

first step towards that. And my story in and of itself is not that interesting, but I think what

1:18.4

is interesting to pass along is the value of hotel rewards nights. And I think this is something

1:25.7

so many of us in the five community love our travel rewards. We love to accumulate them. And

1:31.8

it's a little bit stressful sometimes to try to actually redeem them. And not everybody has

1:36.6

dozens of hours to learn this and try to figure out every little intricacy of the minute details.

1:43.3

Which is why I think just like everything that I try to focus on in life, I look for simplicity.

1:49.0

So I'm always looking for what are the easiest airline and hotel programs to use. And I think

1:54.8

the airline, it's a clear winner, it's Southwest. That is absolutely slam dunk the easiest

2:00.9

because there's no award limitations. It just simply is, okay, could I pay cash or you know,

2:06.8

obviously credit card, whatever to book this flight? If so, then I can use my points. Simple,

...

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