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Are You Too Good For Casserole? | Ep 231

What You’ll Get Out Of Today’s Show

  • Reboot your finances, start shopping your cabinets, and challenge yourself to think a little more creatively about your meals.
  • Start a spending challenge and fill up your free time with physical activity. Keep track of how many times you choose to do something different.
  • Jonathan has set a goal of losing 20 pounds and keeping it off for 6 months. He’s gamified this challenge and is betting he can do it, literally!
  • Brad’s children are approaching their teenage years when college planning and preparation begin to get real. He and Laura have been saving for college costs using 529 accounts and getting a Virginia state tax deduction in the process. However, he doesn’t know what the likelihood is that his daughters will need the money they’ve saved and now it’s tied up in these accounts with little flexibility.
  • For those who have over-saved, there are creative ways to use money in 529s plans. Payments toward room and board don’t need to be rent. It could be used to buy a house and start house hacking.
  • Jonathan sees the need for skills over degrees. He wants to present his children with all of the options, fostering interest-led learning, and allowing them to opt-in to their future.
  • College is required for some professions, but it is not the only option. Many employers are more interested in what you have done, making it possible to make a significant living on skills and passion.
  • Networking is not spammy, it’s about building genuine relationships.
  • Community wins! Using tips from previous episodes, Andy negotiated a 17% raise.

Resources Mentioned In Today’s Conversation

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    Lessons From a Young Entrepreneur | Ep 422

    At least once in most of our FI journeys, we have pondered what our life would look like if we started earlier. Maybe you have even wondered what value could’ve been gained if you had started in your teenage years. Well, for some context into the possibilities decision that could provide, we decided to have 17 year old listener Devin on the podcast to discuss what life can look like when you go against the cultural norm of going to college, and instead opting for an entrepreneurial and FI friendly lifestyle. Oftentimes we mention that there are rewards that come with stepping out of your comfort zone, and the same can be said for going against the societal norm and carving out your own path! For our younger audience who may be interested in getting started with their FI journey, let this episode be a useful resource and reassurance that this journey can begin no matter your age!

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