465 | Jonathan Returns: Upside Down Economics and the Priceless Value of a Great Question

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 27 November 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: lessons from failure, curiosity, mastering the small things, skilling up, and the value of time.

The return of Johnathan! Yes Jonathan is returning to the show to catch up on the work he’s been doing behind the scenes over the last year and a half, the value of freeing up your time, skill spending, and the importance of focusing on the little things while keeping the bigger picture in mind. Whether it’s when you’re just starting your FI journey or if it’s in other areas of your life, failure and mistakes can be inevitable. However, they should never keep you from trying to build and create the life you are working towards! One of the key lessons taught in FI is to change your mindset from one of scarcity to one of growth, and part of that challenge means identifying failures and taking action to learn from them. While you are working towards your own “big picture” on this journey, don’t forget to focus on the smaller things. Not only will it allow you to pay closer attention to what you are doing right and wrong, but it makes it easier for you to pivot and reevaluate when necessary! This journey is not just about reaching that final goal, but about using the knowledge and lessons learned along the way to make life a little bit freer and a little bit easier!

Timestamps:

0:22 - Introduction
1:26 - Update From Jonathan/Lessons From Failure
8:53 - The Curious Mindset
17:57 - Failing Forward and The Small Things
27:42 - The Importance of Skilling Up in Today's World
36:30 - Your Most Valuable Non-Renewable Resource
44:11 - Paying Off The Mortgage/Donor Advised Funds
59:19 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and FI Resources:

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Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
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Commission-free investing with M1 Finance

Transcript

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0:00.0	in a world where you can get nearly 5% on your savings account can travel the world for nearly free
0:05.3	with travel rewards paying off your home might be your biggest financial mistake.
0:09.2	Welcome to the ultimate crowd source personal finance show.
0:12.1	This is choose a pie.
0:14.0	All right guys very excited to be back on the show today, and to help me with this, I have my good buddy Brad here with me.
0:25.5	How you doing buddy?
0:26.5	Hey, Jonathan, I am doing quite well.
0:28.5	Yeah, I cannot wipe the smile off my face.
0:31.5	It's good to have you back. It has been almost 15 months to the day and 72 episodes since you've last been on. And I have to say it's great to have you here. I've been holding down the fort and it's been a lot of fun but man this brings back some darn good memories.
0:48.0	You've been crushing it dude and I gotta say it's probably nice not to do the intro every once in a while right?
0:53.0	Yeah I'll take it.
0:54.8	If you want to come on and do your kind of
0:57.0	apocalyptic slash fun intro.
0:59.7	I'm in.
1:00.0	I gotta get like Scott GBT to make me a list of like a hundred of them just like ready to go just saying all right here
1:05.2	you know we're got for it I wrote all these ahead of time Brad so now you've got to like figure out the
1:10.1	episode to match this here's the 20 that it came up with and by the way I was using 3.5 so it's a little bit hit or miss. Have fun.
1:18.4	A little Jen. Oh man, yeah if you can title the episodes and the intros, I think we're in a lot better shape, but man, I think everybody wants to know what's going on in your life.
1:29.1	I mean, I know it's a big broad question, but how the heck are you?
1:32.8	Doing well, doing well.
1:33.8	Yeah, I'll try to answer it in 30 seconds or less.
1:35.8	Yeah, no, or maybe 30 minutes, we'll do.
	...

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