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ChooseFI | Financial Independence Podcast

What Have You Built?

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Business, Investing

4.85.2K Ratings

🗓️ 17 August 2018

⏱️ 56 minutes

🧾️ Download transcript

Summary

Most people assume a college degree guarantees financial success — but what if running the numbers tells a completely different story? Timestamps & Highlights [00:01:07] Introduction to Career Hacking: Opening the conversation on strategic career growth and income potential. [00:08:28] Evaluating the ROI of College Education: Discussion about potential earnings relative to educational expenses. [00:11:15] Geo-Arbitrage Opportunities: The impact of location on career options and salaries. [00:15:59] Creating Instead of Joining: Shifting from follower to creator in career paths. [00:20:53] Finding Accountability: The importance of support systems when pursuing goals. [00:25:09] Understanding Your Financial Equation: The equation of income and expenses for financial success. [00:37:11] Listener Question on Raises: Insights on negotiating raises in challenging work environments. Key Topics Career Hacking: Strategies for maximizing career growth and income potential through strategic decisions about education, skill-building, and negotiation. ROI of Education: Evaluating the return on investment in college education and the implications of student debt. Geo-Arbitrage: The benefits of living in lower-cost areas while earning higher incomes from elsewhere. Building a Talent Stack: Combining various skills to enhance marketability. Audience Q&A: Addressing listener questions about salary negotiation and side hustles. Notable Quotes "Embrace uniqueness and take bold actions." [00:18:26] "The future is yours to shape with intentional action." [00:18:08] "Shift from being a follower to becoming a creator." [00:15:59] "Understand your financial equation for success." [00:25:09] "Find accountability partners to elevate your journey." [00:20:53] Action Items Consider College Education ROI: Assess potential earnings against educational costs before enrolling. Engage in Community Activities: Building a network through volunteering or groups can lead to new opportunities. Explore Side Hustles: Identify and pursue side jobs aligned with your interests for additional income. Assess your current skills and identify gaps. [00:30:40] Start a side hustle related to your passions. [00:52:04] Explore networking opportunities in your field. [00:30:40] Terminology Career Hacking: Strategies to maximize career growth and salary potential. [00:01:07] Geo-arbitrage: Living in a low-cost area while earning income from high-cost areas. [00:26:07] Talent Stack: A combination of various skills that together enhance one's marketability. [00:11:13] Financial Independence (FI): Having sufficient personal wealth to live without needing to actively work. [00:00:30] Resources JL Collins' The Simple Path to Wealth: Personal finance principles for wealth building. [00:53:01] Dominick Quartuccio's Design Your Future: Insights on career and personal development. [00:53:03] Vincent Puglisi's Freelance to Freedom: Strategies for building a freelancing career. [00:53:04]

Transcript

Click on a timestamp to play from that location

0:00.0

Today on the show Colby asks for specific feedback on career hacking Ming D calls in to ask whether or not it's possible to get a raise as a pharmacist

0:07.8

Danny wants to know where are the best five cities?

0:11.5

We discussed toastmasters and Sasha calls in with a question about finding a side hustle welcome to the ultimate crown-sourced personal finance show

0:19.9

This is your Friday round up

0:21.9

You're listening to choose FI radio

0:26.6

The blueprint for financial independence lives here

0:30.0

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

0:44.2

Stay tuned and join a community of like-minded people who are getting all fans to

0:48.8

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

1:00.0

All right today on this episode I hope we can dive a little bit deeper into the art of career hacking and salary

1:12.8

Negotiation and to help me with this I have my co-host Brad here with me today. How you doing buddy? Hey Jonathan

1:18.8

I am doing quite well. What's going on in your role? I would say the the one thing that came to mind is I am doing some

1:25.6

Decluttering which has kind of been a constant theme over in my life over the last year

1:29.5

But this is kind of interesting because I'm actually thinking about getting rid of some of my workout equipment and in particular

1:34.9

I'm thinking about letting go of the dumbbells

1:38.0

So I had found some on Craigslist a while back they have some space in my you know gym setup that I use

1:44.1

But I've kind of found a new program that has that is working so well for me that I don't think I really need the dumbbells anymore

1:51.5

And that is a strong lifts and I was put on to this by Tom who's become my workout partner over the last several weeks

1:58.0

But basically you have two workouts you have a work you have a workout a and a workout B and they just they just alternate and you work out

2:05.3

Three days a week on workout a you do squats bench press and dead lifts and then for workout B you do squats

2:12.7

overhead press and rows and

2:15.5

Every single week I'm lifting the most I have ever lifted and then there's actually a mechanism for once you reach failure

...

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