This is Not a Dress Rehearsal | August Roundup with Katie

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Investing, Business

4.8 • 5.2K Ratings

🗓️ 28 August 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

You don't need a million dollars to change your relationship with money—sometimes you just need to stop waiting for permission. Brad Barrett teams up with Katie from Money With Katie to distill the most striking insights from recent ChooseFI episodes, covering three topics that keep people stuck: waiting to "fix" finances before earning more, believing vacations cure burnout, and delaying experiments that could reveal what actually makes you happy. Key Topics Katie's Book Deal and Financial Reflection [00:02:22] Katie shares her recent book deal and how her car purchase reflects on financial independence; the dichotomy of owning vs. being owned by possessions. "The more you own, the more owns you." [00:04:23] Importance of Financial Systems [00:25:24] Establishing financial systems before seeking additional income opportunities. Recognizing the tendency to wait for financial stability to start making smarter money decisions. Audit your current financial habits. [00:10:00] Mini-Retirements and Experimentation [00:31:36] Exploring the concept of mini-retirements as a means to recharge and find what brings joy. Katie emphasizes trying new things to define personal happiness. Plan your next mini-retirement or break from work. Creating a Positive Identity [00:56:38] How mindset and identity impact one's financial journey and personal growth. The practice of "radical accountability" in personal finance decisions. "What am I doing that holds me back?" [00:10:00] Reflect on personal values before making financial decisions. [00:05:58] Resources Books Goodbye Things, The New Japanese Minimalism by Fumio Sasaki [00:09:22] 4,000 Weeks by Oliver Berkman [00:34:00] Notable Quotes "You can't vacation away burnout." [00:16:27] "This is not a dress rehearsal; this is the real thing." [00:33:38]

Transcript

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0:00.0	Hello and welcome to Choosify. I'm your host Brad Barrett, and if you're new to the show,
0:04.8	welcome to the largest financial independence community in the world. Our show and community
0:09.0	have existed for nearly seven years, and we're so happy you found us. We call Choosify the ultimate
0:14.6	crowdsourced personal finance show. And the entire point of this podcast is to harness the collective
0:19.5	wisdom of our entire community. And what's fun with today's episode is I have my good friend,
0:25.0	Katie, on to help me with our second monthly roundup episode of the major takeaways we had
0:29.9	from the three episodes that we published here in August. And what makes this the collective wisdom
0:35.4	here is Katie originally found personal finance through Choosify. And much more importantly,
0:41.4	she's gone on to be one of the most influential voices in personal finance through her website
0:46.5	and podcast money with Katie. So the two of us went back and listened in great detail to episodes
0:51.0	449 450 and 451. And we're going to really dive into our major takeaways so we can all consolidate
0:57.9	the learnings to truly take action on them. So with that, welcome to Choosify.
1:10.3	Katie, thank you for joining me. This is going to be so much fun.
1:13.5	Well, thanks for having me back, Brad. I'm really happy to be here. And I actually love the
1:17.5	the premise of these roundups. I'm so happy you're doing them because you're right. Sometimes we
1:21.7	listen to these episodes and we catch these nuggets, but it takes a second for them to really
1:27.2	marinate and sink in so we can do something with them. So I'm excited to chat through the best
1:31.7	the gold that was dropped in the last three episodes. Yeah, I appreciate that. And I think it's
1:37.7	one of those things we used to, as you well know from the beginning of the podcast, we used to do
1:41.8	those Friday roundups. So we used to publish a Monday episode and then do those takeaways plus
1:46.9	some other little odds and ends every Friday. And I feel like that really did consolidate it.
1:52.1	But honestly, we went away from them, as you well know. And I think having this monthly roundup
	...

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