080R | A Case For Survivor, Compost, And 2nd Generation FI

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Conversation about teaching your children to save and invest, healthcare options, and an argument in favor of home gardening and composting.

  • Brad contemplates applying for “Survivor”.
  • Review of Monday’s episode with Khai from AlabaMalaysia. Listen to the full episode with Khai Shing here.
  • How does Jonathan use the idea of “anchoring” in his own life: setting big goals so that even if he misses, good things still happen?
  • Brad and Jonathan talk about how they would set little, achievable goals, to reach a larger, long-term goal.
  • Jonathan talks about answering the question “What do you do?”, with comments from the Facebook group.
  • How does Brad have bank account and investment accounts set up for his children?
  • Is there a better way to have those accounts set up?
  • Blain, from the Facebook group, wonders whether his son should start investing with a Vanguard account, or an M1 account?
  • Contributions made to a Roth can be withdrawn penalty free.
  • What are the best ways to support your children and help them save money, as 2nd generation FI?
  • Voicemail from Jacqueline asking about financial education apps for youth.
  • “7 Fun Money Apps for Kids” from U.S. News
    • PiggyBot
    • FamZoo Full Disclosure: We earn a commission if you click this link and make a purchase, at no additional cost to you.
  • How important is it to teach your children about not only budgeting to save money, but to be generous?
  • What is Brad considering in regards to his family’s health insurance: HSA, health share, or considering health insurance for a small business?
  • What are some complications with a health share?
  • Email from Karen, about the value of gardening and composting.
  • Is composting addicting?
  • Jonathan tries to convince Brad that gardening and compositing is simple enough to start now.
  • Leave a ChooseFI review to enter the drawing for a ticket to CampFI in Joshua Tree, or to receive a book.

 

Links:

The Simple Path to Wealth

Design Your Future

Freelance to Freedom

 

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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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