045R | The Journal

Podcast Episode Summary

A review of Episode 45 with JD Roth from Get Rich Slowly and Money Boss

Jonathan’s frugal win of the week on purchasing a new stove/oven

What is the utility of Jonathan’s new oven over a standard oven?

Jonathan’s insourcing to install the oven himself

Brad’s frugal win of the week: Laura stained the deck on the back of the house

JD’s big news of buying back Get Rich Slowly

How JD’s story helped change the world for so many people and how much impact he has had on potentially millions of people

JD’s impact on Brad’s life with travel rewards

What a unique point in time to be able to start a blog for so little money and the positive impacts you can experience

The power of the blog is in the story of the blogger and that individual’s personality

JD’s concept of the internal locus of control and how you can direct your life

Don’t complain about the forces that are impacting your life – take control

JD’s concept of having to do the work and that there are no shortcuts

How strategy and cost-benefit analysis factors into your actions and goals

What’s not worth putting the work in for? This is as important strategy-wise as picking what you do want to spend your time on

Investment strategies of VTSAX versus other options, and Brad’s thoughts on the cost-benefit analysis of spending time trying to beat the market

Part of the strategy is determining where to put your time and effort in life and investing

It’s all about taking action in investing and life and how it separates successful vs. unsuccessful people

The elegance of simplicity in getting people to take action

A future roundtable with people of different opinions on investing

Voicemail from Melissa on how she “channeled her inner Laura” in saving time and money on cooking

Laura’s tips on how to cook more efficiently

Jonathan’s experiment with his first vegetarian meal

Itunes reviews and book giveaway

Listen to the full episode with JD Roth here.

Life Optimization

Fees, Frugality, and 401K Fears | Ep 428

On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener’s questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it’s okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism!

Retirement

Drawdown Strategies: Karsten vs. Fritz | Ep 427

In this episode: the “average” withdrawal, Karsten’s strategy, Fritz’s strategy, fixed withdrawal rates, the bucket strategy, and refilling.