087R | Autonomy Mastery Purpose

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087R Autonomy, Mastery, Purpose
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ChooseFI Favorite: top rewards card for beginners

Chase Sapphire Preferred Card​

ChooseFI’s top pick for travel rewards! The Chase Sapphire Preferred Card has a 60,000 point sign-up bonus (after spending $4,000 in the first 3 months). The points are ultra-flexible and transfer to 13 airlines and hotels. $95 annual fee.

How to teach children lessons that set them up for success, discussion about using duel-enrollment and university co-ops to optimize college, and a strategy for cash flow balance transferring.

  • Autonomy, mastery and purpose are what motivate people.
  • How much more productivity and enthusiasm does autonomy create?
  • What would it look like to instill these values and develop them in young children?
  • Where do things suck – how can we fix them?
  • Should parents be willing to let their kids work outside the system – risking a decrease in productivity and achievement at school – in order to let them develop an entrepreneurial outlook?
  • Why might it be valuable to forget about fixing the school system, and instead implement these values at home?
  • Josh, from Facebook, wonders how people are teaching their children important traits such as problem-solving, creativity, integrity, etc.?
  • Suggestions from the community:
    • Lawn mowing business
    • Car washing business
    • Selling copies of drawings
    • Refereeing soccer
  • How did Brad’s daughter become a data analyst?
  • Why is “what have you built?” a powerful question as society moves forward?
  • Voicemail from Nathan about credit card balance transfers.
    • You don’t need a specific balance transfer credit card.
    • Look for cash-flow transfer opportunities
  • Renata calls to talk about duel-enrollment for high school students in Arizona, to help students earn college credit before actually starting college.
  • When is duel-enrollment a greater benefit than an AP course?
  • Charlotte, from Facebook, talks about co-op programs through universities, which extends a student’s school timeline (5yrs), but includes intermittent semesters of internships and work experiences.
  • Join the ChooseFI Educators group on Facebook to brainstorm with other community members ways to incorporate entrepreneurship and creativity into the classroom.

Listen to the full episode with Don Wettrick about Education Through Innovation here.

Links

ChooseFI Educators Group 

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