In today’s Friday Roundup we discuss Episode 42 with JW from The Green Swan, plus various discussions about community and feedback from the audience.
Podcast Episode Summary
- A discussion of Episode 42 with JW from The Green Swan
- Scott Rieckens and his crew from the documentary Playing With FIRE were in Richmond this week filming our podcast, lives and a Richmond FI get together
- The importance of community in the Financial Independence world and the volunteers we’ve received to be ‘community leaders’ for Choose FI meetups
- How we’re going to setup Slack for the Choose FI community and we need someone to help organize it
- The decision JW made to buy a business with his brothers and how unconventional that is
- How you need to consider all possibilities when going into business with anyone
- Brad and Jonathan didn’t have the discussion of all future possibilities and didn’t put together an operating agreement, but are now going to do so thanks to JW’s advice
- Feedback from Lucas on the Green Swan episode about not relating to a high dollar value acquisition
- A question from Lucas on how this differs from buying an individual stock and if they had an unfair advantage by being CPAs and MBAs
- We all have a unique path to FI
- You need to see how different investment and business opportunities fit into your life and with your own risk profile
- Calculation based on getting a return of 8% versus 16% over a 15-year period
- How hustle can be as or more important than any skills or certifications you have
- How putting skills from various areas together will help you succeed dramatically in life
- Different ways to improve a business from Jonathan if you’re a lifelong learner
- Announcement of the next Camp FI in Williamsburg, Virginia in April 2018
- “Collect skills not stuff” motto from Jonathan and how he wants to explore a “Maker space” for a community of learners
- The sharing possibilities of having pooled resources with neighbors or communities
- The new Mr. Money Mustache World Headquarters for people with the FI and entrepreneurial mindset
- Buy Nothing Project and how it relates to “the alley will provide”
- Travel Rewards update on changes to card opening options
- Itunes reviews of the week
Links from the show:
