099R Market Fluctuations

099R | Market Fluctuations | Stick to Your Plan

Brad and Jonathan review Monday’s episode about generous giving and resource stewardship, then catch up on voicemails and updates from the community about dental school, fall activity ideas, and the recent dip in the stock market.

  • Jonathan recaps his recent family vacation and travel to FI Chautauqua Greece.
  • Chautauqua was most importantly about community.
  • Jonathan saved nearly $1,200 on a bill for his son’s broken leg just by asking for an adjusted cash-pay price.
  • The Playing with FIRE Kickstarter event far surpassed expectations.
    • More than 1,000 supports
    • More than $100k
  • Review from Monday’s episode with Michael Peterson.
  • Michael continues to work because he wants to be able to give.
  • Geoarbitrage might not always be what we think; moving to ‘less expensive’ countries also usually involves a big lifestyle change.
  • Considering oneself to be a steward of resources, not just an accumulator of money, puts members of the FI community in a unique position to be generous and consider their impact on world.
  • Voicemail from Brian Feroldi from Motley Fool: stock market is down about 10%, but no need to panic, as drops in the market are normal and bound to recover in the long term.
  • Buying stock when it’s down is like buying stock that’s on sale.
  • Voicemail from Chris who tries to support 2nd and 3rd generation FI by supporting childhood entrepreneurship.
  • Hansi asks the community for help brainstorming 31 free/inexpensive things for couples to do in the fall.
    • Drive to look at fall foliage
    • Toast pumpkin seeds
    • Backyard fire pit
  • Josh, a dentist in Oregon, opted to go to dental school in Oklahoma for half the cost of a school in Boston, and then chose to work in a rural group practice to significantly increase his income.
    • Using money he put into his 401k, he purchased a practice in Bend, OR and improved his lifestyle.
    • Expects to pay more than $1.2 million of loans in the next 5 years.
  • In the medical industry, working in more remote locations tends to increase income.
  • Voicemail from Matthew who is a military dentist – military pays for the cost of dental school, plus a stipend, in exchange for a few years of service to the military, and a guaranteed job.


Links mentioned in this episode:

FI Chautauqua


Your Financial Resilience Toolkit

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7 thoughts on “099R | Market Fluctuations | Stick to Your Plan”

  1. I would love to hear more about stewardship (and I appreciate that it isn’t discussed with heavy religious overtones). I love it that nobody talked about the markets! Very encouraging. I use the “buying percentage” that goes up when I keep buying during a drop rather than “value” that goes down during a drop mindset as well.

  2. I would have to agree in part that geo-arbitrage is partly less expensive due to actually living differently. My husband and I have been traveling full-time for two years (we FIREd two years ago). The expenses for our first year of travel was a little less than 10K. This includes all living and travel expenses. The only thing not included is medical (health insurance and surgery in Panama).

    Renting a room or an apartment in Nicaragua is absolutely cheaper than anything we could find in the USA. These inexpensive places, however, would never pass safety codes in the USA. If we looked for a place here in Central and South America that actually had all the same safety standards as the USA then yes, it might be a cost comparable to that which we would find in the USA.

    I love your show! Thank you for all the great episodes!

  3. I am retired now. 65. I am very interested in the concept of stewardship. How can I set things up for my wife, then my children and maybe my grandchildren to receive 4% of my wealth before finally giving it to a charity? I imagine beneficiary form, trusts, estate planning, etc. will be necessary. Please do an episode on this. Thanks.

  4. Gents, I enjoyed the episode. However, your analogy relating to the stock market being down and an iPhone being 50% off, isn’t a good one. I get your point that people should look at the market being down as a great buying opportunity, and that makes total sense.

    That said, if an iPhone were to be discounted 50% there is no downside on the consumer side. Someone in the stock market, though, seeing the market go down 20, 30, 50 percent, while there is a buying opportunity, their networth is greatly being impacted and that’s the difference here.

  5. I have traveled to many poor countries including some of the poorest in the world and it is absolutely true that the people with nothing are the happiest and most joyful, full of purpose. They are not distracted by all of the materialistic things that distract us here in the U.S. and they are not given the false teachings that you have to reach the “American dream”. They are joyful because they are grateful for what they have and they don’t need anything else! I have been on mission trips thinking that I am going to bring these people the things they need and their lives are going to be changed but in fact it has always been just the opposite. These poorest people in the world find a way to change your life just by the joy and gratitude that they express every day even if they are sick, hungry or dirty they are joyful. We should all strive, in our crazy, fast-paced, American lives, to find an ounce of that joy to hold on to. I would encourage everyone to travel somewhere to experience this joy and purpose. Sometimes you do not have to travel far and these people are right in your hometown. If you ever want to experience this kind of experience please reach out to me. I own a Peer to Peer rental business but I also help run a non-profit Organization in Uganda called Mugabi Ministries that will be taking annual trips to Uganda to serve the elderly. The joy is contagious!

  6. Hello. I just learned about your podcast. I am over 10 minutes into podcast # 99R and you talk about a place somewhere where there was some event, but you haven’t mentioned where that place is (I’ve never heard of it – sounds like Shataqua) or what the event was. 10 1/2 minutes I get the idea that it’s somewhere in or near Greece and has something to do with the FI community. would you mind explaining things like these when you start the show so those who haven’t heard you before know what you are talking about? Thank you for sharing your expertise and experiences with the public.

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