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ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Business, Investing

4.8 • 5.2K Ratings

🗓️ 8 December 2017

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Todd Tressiter makes a startling argument: the very simplicity you've been taught to chase in investing might be costing you opportunities. Financial independence isn't just about passively investing in index funds—real estate, business ownership, and strategic complexity might better fit your situation. Tressiter challenges the one-size-fits-all approach, urging listeners to recognize that their unique circumstances demand personalized strategies. Todd Tressiter's Views on Investing [00:03:32] Complexity as a reflection of financial reality Diversification beyond index funds to include real estate and business assets Importance of recognizing individual circumstances in investment strategies Discussion on Different Investment Lanes [00:11:45] The variety of paths towards financial independence, including traditional employment and entrepreneurial pursuits Acknowledgment of personal biases and preferences in investment approach Encouragement of Experimental Mindset [00:34:54] Emphasizing the need to explore different avenues in investing The value of continued education and self-investment for strategic growth Closing Thoughts [00:43:00] Reflection on the importance of customized strategies and community support in the financial independence journey Key Insights & Quotes: [00:08:48] "Embrace complexity for realistic financial strategies." [00:08:56] "Diversify beyond index funds for better growth." [00:10:02] "Customize your investment approach to fit your life." [00:34:54] "Explore various investment paths for financial success." [00:41:00] "Your greatest asset is your own education and growth." Experiment with diverse investment options and determine what fits best for your financial goals. [00:34:54] Invest time in educational resources about various asset classes to enhance your financial strategies. [00:41:00] Important Timestamps: [00:29:11] Caller Jason discusses a creative path to financial independence [00:51:10] Winner announcement for the book/t-shirt contest Related Resources: Todd Tressiter's website [00:31:30] Chad Carson's Real Estate Course [00:31:30]

Transcript

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0:00.0	Welcome to the ultimate crowd sourced personal financial. This is your Friday Roundup.
0:06.0	You're listening to Choose Appi Radio.
0:10.0	The blueprint for financial independence lives here.
0:21.0	If you're looking to unlock this secrets to financial independence and early retirement,
0:26.0	you're in the right place.
0:28.0	Stay tuned and join a community of like-minded people who are getting off the answer.
0:33.0	And taking control of their lives in the pursuit of financial independence.
0:37.0	Choose FI, your home for financial independence online.
0:46.0	Alright guys, congratulations. You have made it to the weekend and this is your Friday Roundup.
0:51.0	So today we're going to be talking about this past week's episode with Todd Tresseter.
0:54.0	And to help me with this, I have my co-host Brad here with me today. How you doing buddy?
0:58.0	I'm doing well Jonathan. Yeah, it's December ready. It's kind of hard to believe the year is coming to a close.
1:03.0	I got some vacation coming up here soon in about two weeks and the holidays thereafter family coming into town.
1:09.0	There's a lot going on, you know. Are you going to Mexico?
1:12.0	I am actually so I am doing like the anti-travel hacker plan here.
1:18.0	And I'm going to an all-inclusive in Mexico with my family of four.
1:22.0	Sandals resort. Here you come.
1:24.0	Yeah, real. It is not a sandals, but it's not terribly dissimilar.
1:28.0	So yeah, my kids, their school ends very early in this year, just the way the weeks fell and we decided,
1:34.0	hey, we're going to take a five-night trip to Mexico and yeah, it should be really, really nice.
1:38.0	So yeah, not using any points other than some points I think off of their Capital One Spark Miles card.
1:45.0	So, you know, we defraint some of the cost certainly, but this wasn't like a real travel rewards plan.
	...

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