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ChooseFI | Financial Independence Podcast

Finding The Range

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Business, Investing, Careers

4.85.2K Ratings

🗓️ 29 March 2019

⏱️ 54 minutes

🧾️ Download transcript

Summary

You've probably been told salary negotiation matters—but do you actually know where your compensation sits in its range? Most people discover they're underpaid only after leaving a job, kicking themselves for not asking sooner. Brad and Jonathan break down multiple listener questions this week, from zeroing in on your true market value to planning a family adventure in Mongolia with travel rewards. They also dig into the hidden luxury of financial independence: the freedom to run errands at 10 AM on a Tuesday while everyone else is stuck in traffic. Key Topics: Flexibility in Financial Independence [00:03:29] Designing a life that fits personal preferences and schedules. Avoiding peak times for errands to reclaim weekends for family time. Salary Transparency and Negotiation [00:24:02] Strategies for understanding and negotiating your salary range. Personal anecdotes about missed opportunities in salary discussions. Travel Rewards Strategies [00:38:08] The role of flexibility in maximizing travel rewards. A family's successful trip to Mongolia, demonstrating how to travel on a budget. Key Quotes: "Control your schedule for a better life." [00:04:35] "Flexibility is the single key to succeeding with travel rewards." [00:09:47] Timestamps: [00:03:29] Benefits of financial independence and flexibility in work schedules [00:04:35] How controlling your schedule leads to a more fulfilling life [00:05:53] Navigating daily tasks away from peak hours [00:09:47] Leveraging flexibility for effective travel rewards [00:24:02] Salary negotiation tactics and personal experiences [00:38:08] Family travel experience to Mongolia Related Resources: ChooseFI Travel Rewards Guide [00:09:47] Action Items: Analyze your salary and discuss it with a mentor or colleague [00:24:23] Set up a travel planning thread in your community to gather input [00:48:00] Episode Mentions: Episode 009: Travel Rewards Basics [00:38:08] Episode 012: Combining Money and Relationships [00:14:08]

Transcript

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0:00.0

Hello and welcome on today's show we talk about wielding the flexibility of financial independence

0:05.0

Finding the salary range for your job and moving to the upper end of it and hunting with Eagles and Mongolia

0:10.4

Welcome to the ultimate crowdsource personal financial. This is your Friday roundup

0:15.7

You're listening to choose FI radio

0:20.2

The blueprint for financial independence lives here

0:30.9

If you're looking to unlock the secrets to financial independence and early retirement

0:36.0

You're in the right place stay tuned and join a community of like my people who are getting all fans

0:42.3

And taking control of their lives in the pursuit of financial independence choose FI your home for financial independence online

1:01.0

All right guys super excited to dive into this past week's episode talk a little bit about pay transparency

1:06.5

Finding the range for what your salary should be for an expected job and

1:11.2

Optimizing the income side of the equation. I think it's gonna be a fascinating conversation and to help me with this

1:15.2

I have my co-host Brad here with me today. How you doing buddy? Hey Jonathan? I'm doing quite well

1:19.4

I guess I got spring break coming up here. We're going down to Florida in a couple days

1:23.4

We're staying I guess down there in the Naples area for about five nights. So it should be should be a lot of fun

1:29.4

What I love about that. Well, I love about your situation and kind of the situation that I found myself and increasingly is you now have the luxury

1:35.8

Of taking the exact same time off that your kids took off and I want to find out more about what you're doing

1:40.2

But just in context just two years ago in my corporate job

1:43.3

That was not available to me just the fact that kids were off school meant that people with more seniority had already asked for that time off

1:49.8

And I wasn't gonna get it and you know corporate and this is not like a slam a corporate

1:54.2

It's just a way that these things works with large companies

1:56.8

They only can have so many people off at a time

1:58.8

So if you're relatively new to a company

...

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