Important Tax Update

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Business, Investing

4.8 • 5.2K Ratings

🗓️ 25 March 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

A quick Google search could save you 30% on your next purchase—yet most people skip this simple step entirely. This episode explores how tiny money-saving habits compound over time, why a pandemic is the perfect moment to rebuild your physical and mental routines, and what tax changes you need to know right now. Key Topics Discussed [00:01:00] Coupon Code Strategy Searching for coupon codes before making purchases can yield discounts of 10-30%. Brad shares examples of savings from a simple Google search at retailers and food delivery services. The concept of marginal gains—small savings accumulating over time—exemplifies the path to financial independence. [00:03:00] Mental and Physical Transformation During Isolation Insights focusing on using isolation as an opportunity to build new habits, particularly in fitness. Listeners are encouraged to overcome excuses about time and challenge themselves to set ambitious goals like increasing pull-ups or running distances. [00:08:30] Tax Updates Individual tax returns are now due July 15th. If you owe taxes, consider delaying filing until software updates are available. If you're expecting a refund and your return is complete, submit it to receive your money sooner. [00:17:00] Community Call to Action The hosts address the urgent need for protective equipment for healthcare workers and direct listeners to choosefi.com/masks for resources to help donate or procure masks. Key Quotes "Simple Google searches can yield up to 30% off with coupon codes." [00:01:30] "Embrace new routines for personal growth." [00:03:20] "With time on your hands, now is the opportunity to overcome excuses." [00:04:25] "Wishing everyone resilience in challenging times." [00:12:10] "Our community can make a difference in today's world." [00:15:27] Action Steps Search for coupon codes before online purchases. [00:01:14] Plan fitness goals during isolation for personal growth. [00:04:25] Monitor tax updates and adjust filings accordingly. [00:12:10] Resources CIT Bank: choosefi.com/CIT [00:14:27] Mask Donation Options: choosefi.com/masks [00:17:01]

Transcript

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0:00.0	Hello, everyone. Welcome back to the Choose of Ideally show. We're bringing this to you five
0:08.1	days a week talking about updates with regards to COVID-19 and maybe in particular, looking
0:14.2	at this from the perspective of someone on the path to financial independence. To help
0:17.4	me with this, I have my co-sbrat here with me today. How you doing, buddy?
0:19.8	Hey, Jonathan. Yeah, I'm doing quite well. Yeah, just obviously trying to go day by day
0:26.3	here and just try to come up with strategies to just live our best life just like always,
0:32.3	right? That's really the interesting thing about this is while it seems like everything
0:38.2	has changed and obviously a lot has. At the heart, we're trying to live our best life and
0:44.5	just trying to optimize and figure out what works and save money. Even just little random
0:51.3	things. I was thinking about ways that I save money that some people don't even think
0:57.4	about. Every single time that we purchase something online, essentially other than
1:03.6	at Amazon, I search for a coupon code for that retailer. I know this sounds silly.
1:11.2	To a lot of people who do this, this is just one of those, of course you do that. So many
1:16.3	people I find don't even do this. Every single store I shop even when we're buying
1:21.1	a pizza from like Papa John's. This is a couple of weeks ago, but I would just search
1:26.2	Papa John's coupons and a whole bunch of retail me now at coupon cab and all these different
1:32.1	sites show up. There might be some coupons that work, some that don't and you just kind
1:36.9	of keep trying. I look at it as this fun little experiment and obviously I'm not wasting
1:41.5	a half hour trying to find a dollar off coupon at Papa John's. But if I can just do that
1:46.9	in a minute or two and like I've seen this work at retail sites that I got 10, 20, 30
1:52.3	percent off just for that simple Google search. So just this tiny, tiny little strategies
1:58.8	again, like we think about FI as this aggregation of marginal gains, right? Like just improving
	...

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