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ChooseFI | Financial Independence Podcast

How to Factor My Mortgage into My FI Number | Live Stereo Q&A

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Careers, Business

4.85.2K Ratings

🗓️ 26 March 2021

⏱️ 75 minutes

🧾️ Download transcript

Summary

The job market has fundamentally changed, and what worked in 1990 will waste your time today. Jonathan and Brad break down how to adapt your job search strategy in an economy that no longer rewards resume submissions. They cover the Chase Sapphire Preferred's updated 80,000-point bonus, explore how Google's certificate programs are challenging the necessity of traditional degrees, and explain why building your personal brand before you need it is critical. The conversation also tackles balancing side hustles with full-time work and making smart decisions about retirement contributions when cash flow is tight. Key Topics Travel Rewards Update [00:00:00] Chase Sapphire Preferred offers 80,000 points—the best bonus in a decade. Ultimate rewards points transfer to multiple airline and hotel partners, offering flexibility for entire trip planning. Check current offers at choosefi.com/csp. Changing Job Market [00:10:00] Traditional resume submission no longer works. Job seekers must demonstrate capabilities through portfolios, projects, and personal branding rather than relying solely on credentials. Google's certificate programs [00:14:21] provide alternatives to traditional degrees, giving non-degree holders a way to prove skills to employers. Networking Strategies [00:30:00] Build your external brand and relationships before you need them. Target specific companies, enhance your talent stack, and leverage LinkedIn to stand out. Authentic networking creates opportunities that resumes cannot. Balancing Side Hustles [01:10:00] Communicate expectations with loved ones during life transitions. When facing competing financial priorities like SEP IRA and Roth IRA contributions [00:38:41], prioritize based on cash flow and long-term goals. Resources MDsave: Locked-in pricing for medical procedures at mdsave.com [00:34:14] Whisk App: Meal planning and recipe organization at whisk.com [00:27:48] Chase Ink Business Preferred Card: Business expenses and travel rewards at chase.com/business/ink [01:11:29] Notable Quotes "If you're still trying to use the rule book from 1990, you're wasting your time." [00:11:09] "You need to demonstrate what can you do and what have you done." [00:15:12] "If Google is standing up, that provides cover to other companies to say, 'Hey, maybe this isn't necessary anymore'" [00:14:21] Action Items Join live coaching call on travel rewards at chooseabetter.com/live [00:02:01] Explore Google certificates for career advancement at coursera.org [00:13:17] Identify networking goals and make connections now, before you need them [00:46:44]

Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, quick flash bulletin don't have these very often, but I know we actually

0:05.2

have had gotten some messages from some of you talking about travel rewards recently.

0:09.0

And you're on the same place that we are right now.

0:11.3

I mean, things are starting to turn back on and we are starting to think about we might

0:15.1

not be executing the trip, but we're starting to plan it out.

0:18.0

So this flash bulletin is timely and Brad, I'll give it back to you.

0:22.7

What's going on in the travel rewards space at the moment?

0:25.1

Yeah, Jonathan, our number one travel rewards credit card actually just updated its offer

0:31.5

to an all time high.

0:33.4

So the Chase Sapphire preferred, we talk about that all the time, is our number one card.

0:39.3

There are the ultimate rewards points, which are just ultra valuable.

0:43.3

They can be transferred to a bunch of different airline and hotel partners.

0:48.0

You can book through the Chase travel portal.

0:50.6

You have a lot of options.

0:52.4

Really, you can plan entire trips just with these points.

0:56.0

And the Sapphire preferred so on March 23rd of 2021, I just updated to 80,000 point bonus,

1:03.6

which is remarkable when you spend $4,000 in the first three months.

1:08.4

There is a $95 annual fee on this, but Jonathan, I've been in the travel rewards world for

1:13.3

almost a decade now.

1:15.3

And this is the best offer that I've ever seen.

1:17.9

So this is really, really remarkable stuff.

1:21.0

And yeah, you can check it out, check out our entire review on this card at choosefi.com

...

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