Natural Remedies, Startup Economics, and Financial Literacy A to Z

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Business, Careers, Investing

4.8 • 5.2K Ratings

🗓️ 18 April 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why do WeWork, brain freeze, and your kid's financial future have anything in common? More than you'd think. Brad and Jonathan tackle an eclectic mix of listener questions—from quirky natural remedies to the cautionary tale of a startup hemorrhaging $2.1 million daily. But the real story here is the foundation it builds toward: teaching the next generation to earn, spend, save, borrow, and protect their money before the stakes get real. Whether you're hunting for a high savings rate strategy or just wondering if pressing your tongue to the roof of your mouth actually works, this mashup ties it together with one thread: taking control before life forces your hand. Key Topics Natural Remedies and Curiosities Alleviating brain freeze by pressing your tongue against the roof of your mouth [00:01:55] Completing a sneeze by staring at a bright light Stopping hiccups by drinking water with your chin down [00:05:29] WeWork Economics Overview of WeWork's financial struggles and burn rate of $2.1 million per day [00:07:12] Discussion on unsustainable business models focused on growth without profitability Financial Literacy Foundations Five key components: earning, spending, saving, borrowing, and protecting [00:45:00] Childhood financial education and teaching these principles early [00:14:53] Saving Strategies Recommendations for achieving a 50% savings rate to secure financial stability [00:26:11] The role of expense optimization in increasing savings and fostering long-term thinking Automation in Finance Advantages of automating finances to reduce stress and enhance money management [00:33:09] Long-term Investing Mindset Viewing investments as ownership in companies rather than gambling in the stock market Chapters [00:00:00] Introduction to Natural Remedies [00:06:22] WeWork Economics Discussion [00:12:34] The Importance of Financial Literacy [00:35:42] Saving and Investing Strategies [00:54:09] Conclusion and Call to Action Resources ChooseFI Foundation for Financial Literacy Curriculum [00:16:30] Financial Literacy A to Z

Transcript

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0:00.0	On today's episode, natural remedies start up economics and financial literacy A to Z.
0:04.8	Welcome to the Ultimate Crowdsource Personal Financial. This is Choose A Five.
0:09.2	Your listening to Choose A Five Radio.
0:13.7	The blueprint for financial independence lives here.
0:24.4	If you're looking to unblocked as secrets to financial independence and early retirement,
0:29.5	you're in the right place. Stay tuned and join a community of like-minded people who are
0:34.5	getting all things to do and taking control of their lives in the pursuit of financial independence.
0:40.5	Choose A Five. Your home for financial independence online.
0:47.7	All right guys, very excited to dive into this week's episode and help me with this.
0:59.1	I have my co-spread here with me today. How you doing buddy?
1:01.4	Hey Jonathan, I am doing quite well. Yeah, what's going on with you?
1:04.7	You know, as we were putting together this episode, I was thinking about like lessons that I would
1:08.7	want to pass down to my kids and I happened to be battling a case of the hiccups and I'm going to
1:13.4	say, yeah, I know, I know what happens. And I realized that I have learned a secret, like a natural
1:20.4	remedy that while it may be out there on the internet for those who know how to do really good
1:24.9	Googling, it's one that like everyone should know and you should pass down to your kids and then
1:28.7	I was thinking about, I was thinking in 37 years, you know, I've actually figured out a couple
1:31.9	of these things that yes, there's a thousand answer to said problem on the internet. I happen to
1:36.8	know the best so-called-
1:38.7	The answer. We're going to talk about a few other things but I was like, I can't, I got a close
1:42.5	loop on this, people need to know, you know, we have a responsibility to share the truth about
1:49.1	these hidden secrets. I'm somewhat frightened of what's coming next, but wait on me. Here they are.
	...

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