080R | A Case for Survivor, Compost, and 2nd Generation FI

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080R Survivor Compost and 2nd Gen FI

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Chase Sapphire Preferred Card​

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ChooseFI Favorite: top rewards card for beginners

Chase Sapphire Preferred Card​

Looking for the best credit card to start earning travel rewards points? The Chase Sapphire Preferred is our pick. With a 50,000 point signup bonus (after spending $4,000 in the first 3 months), the $95 annual fee waived the first year, and ultra-flexible points (transfers to 13 airlines & hotels!), this is our top choice!

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.
  • 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  • Contributions made to a Roth can be withdrawn penalty free.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
  • 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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As Jonathan would say, “The FIRE is spreading my friends!”

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3 thoughts on “080R | A Case for Survivor, Compost, and 2nd Generation FI

  1. Just a quick comment on investing for children. I became a grandfather a couple years ago and decided to set up a Custodial Account for each of my grand kids. I decided to go with Schwab. They have a similar total equity index mutual fund – SWTSX (Schwab Total Stock Market Index Fund). It only requires a $100 minimum deposit to get started. SWTSX expense ratio (- 0.03%) is even lower than Vanguard’s VTSAX (0.04%). I think the lower entry point makes it easier to get started.

  2. I love herbs. However, tomatoes, cucumbers, squash and more are all easy. I also have 8 blueberry bushes and 6 fruit trees. And, I love composting.

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