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ChooseFI | Financial Independence Podcast

End of Year Checklist

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.85.2K Ratings

🗓️ 15 December 2017

⏱️ 61 minutes

🧾️ Download transcript

Summary

Can starting a side hustle really replace a stable income? Bobby from Millennial Money Man walked away from his day job when his blog earned just $2. This roundup episode unpacks that leap—and the community-building principles that made it work. Brad and Jonathan reflect on Bobby's interview, focusing on how he built trust within a niche audience before monetizing. They cover the core mechanics of creating value through blogging, online courses, and content that solves specific problems. The discussion also touches on personal updates, including Jonathan's wife narrating her first audiobook, and a listener voicemail about year-end financial checklists. Chapters Introduction and Listener Feedback [00:00:49] Personal Updates [00:01:30] Discussion on the Interview with Bobby [00:05:41] Value Creation and Community Engagement [00:17:55] Listener Voicemail: End of Year Checklist [00:27:24] Recap and Call to Action [00:58:00] Key Topics Framing Wealth Conversations [00:00:49] Bobby's work shows younger audiences respond when financial topics address their real concerns. Bobby's Entrepreneurial Risk [00:05:41] Leaving a stable job at $2/month in blog revenue; the importance of creating value before expecting income. Building Trust in a Niche [00:17:55] Engage in communities, contribute freely, and understand audience needs before selling anything. Side Hustle Ideas [00:14:00] Teaching online courses or blogging leverage existing expertise into marketable offerings. Year-End Financial Checklist [00:27:24] Tax optimization strategies and financial housekeeping before the calendar flips. Action Items Reach out to your audience for feedback on what they find valuable [00:21:30] Create a plan for your side hustle, focusing on adding value to others [00:19:15] Join the ChooseFI Facebook group for community insights and support [00:38:05] Notable Quotes "Bobby took an incredible risk. He left his stable job when he was making $2 from his site." [00:06:00] "You always have to start by adding value and building trust." [00:11:00] "You can look at what other people are doing that's working and adapt that to your specific purposes." [00:12:20] "It's about finding your tribe and adding value back to people's lives." [00:20:20] Resources ChooseFI Facebook Group [00:38:05] Millennial Money Man [00:07:00]

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 Applied Radio.

0:10.0

The blueprint for financial independence lives here.

0:21.0

If you're looking to unlock the 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 ends with you

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.

0:49.0

Alright guys, congratulations. You have made it to the weekend and this is your Friday Roundup.

0:53.0

Super excited to get a chance to chat with you guys today, bring in some listener feedback.

0:56.0

As usual, we're going to be talking about the Monday episode and we talked to Bobby from Millennial Money Man.

1:01.0

Highlighting the fact that, you know, kids get it. If you frame things the right way,

1:06.0

they want to know how to build wealth.

1:08.0

And then, specifically even diving deeper into how to consider starting up some sort of side hustle or business.

1:14.0

And he has so much expertise with regards to starting a blog.

1:18.0

So it's cool for him to kind of pull the curtain back and show a little bit of what that actually looks like.

1:22.0

So this is going to be a fun episode and to help me with this, I have my co-host brand here with me today.

1:26.0

How you doing buddy?

1:27.0

Jonathan, yeah, doing well. What's going on with you?

1:29.0

Well, it's been an interesting time in the Mendanza household.

1:32.0

So first of all, we did have some snow enrichment. That was just perfect.

1:35.0

And the power didn't go out, so there was no crisis.

...

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