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Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Disclosures.

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 future Choose FI Vault that will be a digital locker for useful files for the community
  • 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:

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Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Disclosures.
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