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    Business

    ChooseFI | Financial Independence Podcast

    Jonathan & Brad explore the world of Financial Independence. They discuss reducing expenses, crushing debt, building passive income streams through online businesses and real estate. How to pay off debt, Crush your grocery bill and travel the world for free. No topic is too big or small as long as it speeds up the process of reaching financial independence.

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    Copyright: © 2019-2023 Choose FI. All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided.

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    Latest Episodes:
    Career Hacking The Tech Industry | Millennial Boss Aug 13, 2018
    Show notes

    A poli sci grad with $25K in student loans transformed that "wrong" degree into a six-figure tech career—then doubled her income again—without going back to school. Jay's path from unemployment to elite tech roles wasn't about credentials or waiting for opportunities. It was about creating them. After hitting rock bottom in the 2008 recession, she stopped applying to traditional jobs and started a blog, volunteered strategically, and landed an internship at the U.S. Olympic Committee that rewrote her trajectory. Now she shares how she won three out of four salary negotiations and why networking—not résumés—unlocked doors that didn't exist in job postings.

    Key Principles

    Career Hacking Fundamentals

    • Focus on creating your own opportunities rather than waiting for them [00:11:15]
    • Embrace vulnerability to alter your life's path [00:36:50]
    • Never surrender due to past decisions; there's always room for reinvention [00:36:00]

    Networking and Opportunities

    • Build relationships to find unadvertised job opportunities [00:40:31]

    Financial Independence Initiatives

    • Understanding and managing student loans effectively can accelerate your FI journey [00:14:43]

    Chapters

    • [00:00:00] Introduction and Background
    • [00:02:14] Jay's College Experience
    • [00:04:51] Job Search After Graduation
    • [00:06:08] Creating Opportunities
    • [00:17:04] Navigating the Tech Industry
    • [00:19:29] Learning from Internships
    • [00:35:07] Tips for Negotiating Salary
    • [00:40:31] The Importance of Networking
    • [00:42:19] The Journey to Financial Independence
    • [00:59:40] Final Thoughts

    Notable Quotes

    • "If you want an opportunity, you've got to make it for yourself." [00:11:15]
    • "Reaching rock bottom spurred my transformation." [00:09:34]
    • "You have to put yourself out there if you want to change your life." [00:36:50]
    • "I became the person that I wanted to be and didn't know how to be." [00:10:00]
    • "You can't be like, oh well I didn't make the right decision when I was 18 so I'm just going to give up." [00:36:00]

    Action Items

    • Identify local networking opportunities to expand your career connections [00:40:31]
    • Create a personal blog or portfolio to showcase your skills and experiences [00:06:08]
    • Evaluate your current job satisfaction and explore avenues for growth [00:54:27]

    Resources

    • Mr. Money Mustache Blog [00:42:19]
    • Fire Drill Podcast [00:59:31]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Autonomy Mastery Purpose Aug 10, 2018
    Show notes

    Your child could graduate college debt-free with a degree in hand before their friends finish senior year of high school. Charlotte and Renata explain how co-op and dual enrollment programs make this possible, revealing strategies that bypass traditional higher education costs while accelerating career preparation.

    Nathan contributes a creative "cashflow balance transfer" approach for managing credit card debt without fees — using regular monthly expenses to your advantage. The conversation broadens to how autonomy, mastery, and purpose shape children's educational experiences, and why teaching kids to fail might be more valuable than protecting them from mistakes.

    Key Topics

    Charlotte and Renata's Strategies
    Dual enrollment programs allow high school students to earn college credits at reduced tuition rates, potentially saving thousands while shortening time to degree.
    00:00:54

    Discussion on Autonomy and Education
    How autonomy, mastery, and purpose contribute to successful learning — and why these elements matter more than traditional grades.
    00:02:18

    Nathan's Cashflow Balance Transfer Strategy
    Managing credit card debt by using regular chargeable expenses to navigate balances without transfer fees.
    00:29:56

    Renata's Dual Enrollment Experience
    Renata's daughter graduated with significant college credits and financial savings through dual enrollment.
    00:36:06

    Action Items

    • Research dual enrollment programs available in your area and consider enrolling your child.
      00:36:06

    • Implement Nathan's cashflow balance transfer strategy to manage credit card expenses.
      00:30:48

    • Encourage children to take on small responsibilities, promoting personal growth and problem-solving abilities.
      00:24:04

    Notable Quotes

    "Experiencing failure is crucial for children."
    00:24:04

    "Focus on empowering your family rather than system-wide changes."
    00:22:15

    "Today's youth should seek more impactful role models."
    00:12:42

    Terminology

    Dual Enrollment: A program allowing high school students to enroll in college courses for both high school and college credit.
    00:36:06

    Cashflow Balance Transfer: A strategy involving the transfer of balances based on regular chargeable expenses to avoid fees.
    00:30:11

    Co-op Program: A structured method of combining classroom-based education with practical work experience.
    00:42:06

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Education Through Innovation | Don Wettrick Aug 05, 2018
    Show notes

    Most classrooms kill creativity by third grade — but Don Wettrick's students file patents, pitch business plans, and speak at Stanford instead.

    A high school teacher outside Indianapolis threw out traditional lesson plans after watching a Daniel Pink TED talk and introduced "20% time" — letting students spend a fifth of class pursuing projects they actually care about. The results? Kids who were disengaged grade-chasers transformed into entrepreneurs and inventors. The model, borrowed from Google's famous employee perk, flips the script from compliance to creativity, replacing busywork with real-world problem-solving.

    Introduction to Don Wettrick [00:00:54]
    Don Wettrick teaches an innovation class at Noblesville High School. After seeing Daniel Pink's TED talk on motivation, he implemented the '20% time' model in his classroom.

    The Origin of the Innovation Class [00:02:39]
    Initial struggles with students adapting to the new model of creativity and autonomy.

    Engaging Students Through Creativity [00:06:01]
    Students often expect strict guidance and grades rather than pursuing their passions. Research shows students typically lose internal motivation around third grade due to standardized testing pressures.

    The Shift from Grades to Purpose [00:10:20]
    Fostering internal motivation and redefining success in education beyond just grades. Autonomy, mastery, and purpose drive engagement more than external rewards.

    Implementation of 20% Time in Class [00:30:00]
    Students pursue projects they're passionate about, developing skills applicable beyond school and fostering entrepreneurial spirit.

    The Importance of Community Involvement [00:31:27]
    Connecting students with local entrepreneurs for real-world learning experiences. Students engage in community-oriented projects that serve local needs.

    The Future of Education [00:46:43]
    Vision for broader implementation of innovative practices across schools, starting with 20% time or genius hour in elementary schools from third grade onward.

    Key Quotes:

    • "We've told students for years to sit down and shut up and wait instructions." [00:03:01]
    • "Innovation is born in kindergarten. We beat it out of them by third grade." [00:11:40]
    • "The greatest waste of human potential right now is Instagram and Facebook." [00:27:20]
    • "Put in that purpose in there, and you've got a much different person." [00:28:37]
    • "Every grade school starting at least a third grade has a 20% time or genius hour." [00:46:09]

    Resources:

    • Daniel Pink's TED Talk: https://www.ted.com/talks/dan_pink_on_motivation [00:03:05]
    • Freakonomics Podcast: http://freakonomics.com/archive/ [00:49:36]
    • Future Ready U: https://futurereadyu.com [00:48:14]

    Related Episodes:

    • Episode 21: The Pillars of FI [00:55:47]
    • Episode 38: The Why of FI [00:55:47]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Pretirement | Roger Whitney Aug 02, 2018
    Show notes

    Your life probably wouldn't change as much as you think with unlimited money and time. That simple question cuts to the heart of financial independence — figuring out what you actually want before you assume you need more resources to get it.

    Jonathan and Brad recap their Philadelphia meetup and explore this thought exercise before turning to listener Allison's story. Allison went from feeling stuck in her financial situation to actively building a path toward independence. Her turning point wasn't a windfall or a raise — it was recognizing she had agency over her choices and finding mentors who believed in her capacity to change.

    The episode also covers practical travel optimization with Global Entry and TSA PreCheck, and features Roger Whitney, host of the Retirement Answer Man podcast, discussing retirement strategies.

    Key Topics:

    • [00:01:06] Travel Rewards Discussion
      Global Entry and TSA PreCheck benefits for families, including expedited customs processing

    • [00:12:48] Case Study: Allison
      Allison's path toward financial independence through agency and intentional living

    • [00:13:55] Mentorship and Overcoming Limiting Beliefs
      The role of mentors in supporting personal growth and strategies to overcome self-doubt

    • [00:23:00] Life Trajectories
      How small steps can change your path, and why your current life is a snapshot, not a prediction

    Notable Quotes:

    • [00:07:27] "What changes would your life see with unlimited money and time?"
    • [00:14:59] "Today's life is just a snapshot, not a prediction for five years ahead."
    • [00:15:55] "Belief in your ability to change is the first step to success."
    • [00:17:55] "Focus on making positive changes, not knowing your entire life path."

    Resources:

    • Building My Castle [00:12:41]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    A Live Case Study With Physician On FIRE And Allison Goddard Jul 30, 2018
    Show notes

    She started medical school at 32 after being told it was too late, graduated at 36, finished residency at 39, and just cleared $270,000 in debt at 43. Allison Goddard is proof that the conventional timeline for financial independence doesn't apply to everyone—and that starting late might be your biggest advantage.

    Allison shares her journey from surgical assistant to practicing physician, navigating the dual challenges of a late-career pivot and crushing student loan debt. After overcoming her combined debt load, she details the mentorship that pushed her to believe in herself, the salary negotiations and geographic moves that accelerated her payoff, and the financial literacy that transformed her approach to money. With an initial physician salary of approximately $240,000, she explores career decisions including moving for better compensation, the potential of private practice, and building side income streams. The core message: it's never too late to take control of your financial destiny.

    Key Takeaways:

    • After paying off $270,000 in debt, Allison's financial freedom clock has started [00:02:48]
    • Mentorship can significantly impact career trajectory and self-belief—mentors saw potential in Allison and encouraged her to pursue medicine
    • Many people face internal narratives that limit their potential—Allison learned it's never too late to pursue financial independence [00:56:20]
    • Financial literacy is crucial; simplicity is key in financial education after reading "The Simple Path to Wealth" by JL Collins [00:28:32]

    Timestamps & Chapters:

    • [00:01:25] Introduction to Allison's Story
    • [00:03:00] Allison's Journey into Medicine
    • [00:02:00] Overcoming Debt Challenges
    • [00:22:00] Salary Discussions and Changes
    • [00:30:00] Side Hustles and Income Growth
    • [00:40:00] Considerations for Financial Independence
    • [00:57:10] Hot Seat Questions

    Key Quotes:

    • "Your financial freedom clock has started!" - Allison [00:02:48]
    • "Don't settle for the narrative of always having student debt." - Allison [00:25:10]
    • "Private practice can offer more financial and professional freedom." - Allison [00:35:40]
    • "Simplicity is key in financial education." - Allison [00:28:32]
    • "It's never too late to pursue financial independence." - Allison [00:56:20]

    What steps did Allison take to overcome her student loan debt?

    She gradually increased her payments once she moved to Tennessee and began earning bonuses. She sought guidance from a financial advisor, which helped her streamline her finances and focus on debt repayment. [00:25:29]

    Is it too late to pursue financial independence?

    No, it is never too late to take control of your financial destiny, as demonstrated by Allison's journey. [00:56:20]

    Terminology:

    • FI - Financial Independence - a state where one has sufficient personal wealth to live without working actively for basic necessities [00:05:11]
    • RVU - Relative Value Unit - a measure used to evaluate the value of healthcare services in terms of physician work, practice expenses, and malpractice insurance [00:30:27]

    Related Resources:

    • Simple Path to Wealth by JL Collins: https://www.jlcollinsnh.com/simple-path-to-wealth/ [00:28:32]

    Related Episodes:

    • 021: The Pillars of FI [00:04:34]
    • 038: The Y of FI [00:04:41]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Sidehustle Coaching Series 3 | Learn to Pitch and Lean into the Uncomfortable Pause Jul 27, 2018
    Show notes

    Combining your skills and interests can create standout services for overlooked markets—like bringing fitness coaching to people with Parkinson's disease. Jonathan and Brad continue their Side Hustle Coaching Series with Alan and Talis, unpacking how to build a pitch that solves real problems, why asking for the sale matters more than perfect preparation, and how community support accelerates your path to both entrepreneurship and financial independence.

    Timestamps & Insights

    • [00:08:31] MK's Journey: Discussion on the impact of minimalism. "Flexing our minimalism muscles!"
    • [00:11:30] Community Importance: A strong community enhances support in the quest for financial independence.
    • [00:14:46] Challenge Assumptions: "Challenge your community's assumptions!"
    • [00:15:59] Persistence in Business: Overcoming barriers through determination. "Persistence is key to breakthrough!"
    • [00:30:20] Pitching Techniques: The key elements of crafting a compelling pitch.
    • [00:41:26] Closing Strategies: How to effectively close a sale and ask for the order. "You must ask to receive!"
    • [01:18:49] Stand Out: The importance of differentiation in business. "Stand out with unique offerings!"

    Key Takeaways

    • Community amplifies your ability to pursue financial independence and grow a side hustle
    • Effective pitches highlight specific problems and offer clear solutions
    • Persistence and patience separate successful entrepreneurs from those who quit early
    • Personal branding works best when you combine existing skills with genuine passions
    • Structured pitching increases conversion rates with potential clients

    Action Items

    • Identify your unique skills and passions to differentiate your business [01:19:08]
    • Engage with your local community to expand your support network [00:11:30]
    • Create a structured pitch tailored to your audience's needs [00:30:20]
    • Research your niche market to understand pricing strategies [01:12:49]

    Key Quotes

    • "If you don't ask, you don't get." [00:50:55]
    • "Be first or be different." [01:18:49]

    Related Resources

    • MK's Book - Enemies of Peace [00:27:57]
    • Captain DIY Blog [00:08:00]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    From Passion to Profit | M.K. Williams Jul 22, 2018
    Show notes

    Most people think you can't make real money from your creative side hustle until you've "made it." Mary Kate Williams proved that wrong by turning her writing passion into profit while simultaneously tackling $20,000 in student loans.

    Mary Kate Williams and her husband Jason discovered financial independence principles shortly before their wedding. Living frugally in Tampa, they quickly paid off their debt by following strategies from Mr. Money Mustache and Early Retirement Extreme. Their journey demonstrates how aligning creative passions with income-generating activities creates both financial progress and personal fulfillment. Mary Kate's transition from traditional publishing to self-publishing opened new revenue streams while maintaining her love for writing.

    Chapters

    • Introduction [00:00:00]
    • Discovering Financial Independence [00:02:00]
    • Overcoming Debt [00:03:00]
    • The Concept of FIRE [00:06:00]
    • House Hacking and Cost Cutting [00:09:00]
    • Exploring Self-Publishing [00:29:00]

    Terminology

    FI (Financial Independence) [00:01:05]
    A state where an individual has sufficient personal wealth to live without relying on work income.

    House Hacking [00:09:00]
    A real estate investment strategy that involves renting out a portion of one's home to cover housing costs.

    Action Items

    • Review your current debts and create a payment plan [00:03:10]
    • Evaluate your spending habits to identify opportunities to save more [00:14:11]
    • Consider writing as a side hustle if it aligns with your passion [00:29:20]
    • Join a local FI community or online group for support [00:20:59]

    Resources

    • Mr. Money Mustache [00:06:30]
    • Early Retirement Extreme [00:03:35]

    Related Episodes

    • ChooseFI 001: Getting Started with Financial Independence [00:02:04]
    • ChooseFI 038: The Why of FI [00:06:38]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Mindset of FI Jul 20, 2018
    Show notes

    Most people think playing golf regularly requires a country club membership and a six-figure income. One ChooseFI caller proved that wrong—he plays 100+ rounds per year on a modest budget. Jonathan Mendonsa and Brad Barrett explore the caller's system for enjoying golf without breaking the bank, then apply the same strategic thinking to car ownership decisions. The conversation reveals how a simple "hobby checklist" can help evaluate whether leisure activities align with financial goals, and why analyzing the true costs of major purchases matters more than monthly payment amounts.

    Key Topics

    [00:03:08] Car Ownership Economics

    • True costs beyond the sticker price
    • New vs. used comparison
    • Depreciation and maintenance considerations
    • Long-term impact of extended payment plans on financial independence

    [00:53:15] Golf on a Budget

    • Creating a spreadsheet of local course options
    • Low-cost memberships and discount strategies
    • Twilight hours and off-peak opportunities
    • Working at courses for free playing privileges

    [00:58:00] Hobby Checklist Framework

    • Evaluating time and money spent against value received
    • Ensuring leisure activities align with financial priorities
    • Researching options before committing to expenses

    Key Quotes

    "Discipline equals freedom." [00:15:17]

    "You can't just assume this is going to cost money; there are always ways to enjoy things without overspending." [00:58:13]

    "If you say that this is important, if you say that this is part of your ideal day or week or month, and you're not doing it right, you're not spending time or resources on it." [00:21:05]

    "It all comes down to what you value in life." [00:56:51]

    "You have reached financial independence when you make choices with intention." [00:23:44]

    Terminology

    FI (Financial Independence) - Having sufficient personal wealth to live without working actively for basic necessities, typically achieved through saving and investing. [00:23:01]

    Opportunity cost - The loss of potential gain from other alternatives when one alternative is chosen; essential for financial decision-making. [00:20:25]

    Resources

    Beginner's Guide to Reaching Financial Independence [00:26:13]

    Related Episodes

    Episode 083: Cody Berman from Flightify [00:59:20]

    Episode 022: The True Cost of Car Ownership [00:03:31]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    Montana Money Adventures and Life Simplification Jul 15, 2018
    Show notes

    At age 32, Jillian Johnsrud had $55,000 in debt, earned under $50,000 a year, and was about to adopt three children into her already chaotic household. Instead of collapsing under the weight, she built a life that included paying off all debt, traveling to 27 countries, and achieving financial independence — all while raising five kids. Jillian's story isn't about perfect planning or overnight success; it's about what happens when you strip life down to what actually matters and refuse to let circumstances dictate your choices.

    Timestamps and Key Topics

    [00:00:40] Jillian's Background

    • Journey from $55,000 in debt to financial independence by age 32
    • Early financial struggles and motivation to eliminate debt

    [00:03:00] Embracing Minimalism

    • Minimalism as a survival tool during a chaotic family phase
    • Making intentional choices amidst overwhelming circumstances

    [00:06:00] Challenges of Raising Five Kids

    • Complexities and emotional toll of parenting multiple children
    • Adopting three kids while managing existing family dynamics

    [00:27:00] Finding Financial Independence

    • Paying off debt while traveling extensively and acquiring rental properties
    • Aligning values with financial decisions through diligent budgeting

    [00:52:00] The Importance of Resilience

    • Building grit by cross-training life to handle discomfort
    • Learning to be comfortable with being uncomfortable

    [01:02:00] Jillian's Hot Seat Questions

    • Perspectives on blogging, financial journeys, and life advice

    Key Quotes

    • "Living in poverty means your choices are made for you." [00:30:40]
    • "Eliminate everything non-essential." [00:11:49]
    • "I cross-trained my life to embrace discomfort for growth." [00:08:20]
    • "Start somewhere; perfection isn't necessary." [01:07:20]

    Resources

    • Montana Money Adventures Blog: montanamoneyadventures.com [01:01:20]

    Related Episodes

    • Episode 013: Jillian's Financial Journey [00:35:00]

    Join the Community
    Connect with thousands on the path to financial independence. Share wins, ask questions, and stay accountable. Join ChooseFI.

    New to ChooseFI?
    Start with our most popular episodes, hand-picked to give you the foundation of financial independence. Listen to the essentials.

    Run Your Numbers
    Find out when you could reach financial independence with our free calculators and planning tools. Try the FI Calculator.

    Support the Show
    We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.

    Get the Weekly Roundup
    The best FI content, deals, and community highlights delivered to your inbox every week. Subscribe free.


    The Hobby Checkbox Jul 13, 2018
    Show notes

    Every dollar you earn as a teenager compounds into thousands by retirement. Yet most people skip the one strategy that makes this possible: attacking college costs while still in high school. This episode tackles listener questions on maximizing scholarships, choosing strategic college jobs, and evaluating whether your hobbies actually add value to your life—or just fill time.

    Key Topics & Timestamps:

    • [00:02:31] Celebrating Personal Wins
      Jonathan shares a thoughtful gift from his mother, inspiring family adventures with map planning.

    • [00:11:44] College Preparation Initiated in High School
      Starting college preparation early through AP courses and local scholarships.

    • [00:17:00] Earning Early Matters
      Dollars earned in your teens carry more weight than a dollar you earn in your fifties.

    • [00:18:19] Scholarship Application Templates
      Create templates to streamline scholarship applications and avoid reinventing the wheel.

    • [00:28:24] Hobbies with Overlapping Benefits
      Seek hobbies that offer overlapping benefits: fitness, social connection, skill development, and enjoyment.

    • [00:36:17] Reflecting on Time Spent on Hobbies
      Reflect on how your hobbies impact your life positively.

    • [00:51:15] Financial Education in Early Adulthood
      Understanding financial principles in your early twenties sets the groundwork for future financial independence.

    • [00:54:04] Closing Thoughts
      Summary and conclusion of key takeaways.

    Notable Quotes:

    • "Start prepping for college in high school for maximum impact." – [00:11:44]
    • "Dollars earned in your teens carry more weight than in your fifties." – [00:17:00]
    • "Utilize templates to streamline scholarship applications." – [00:18:19]
    • "Seek hobbies that offer overlapping benefits and value." – [00:28:24]
    • "Reflect on how your hobbies impact your life positively." – [00:36:17]

    Related Resources:

    • J.L. Collins' The Simple Path to Wealth
    • Dominick Quartuccio's book, Design Your Future
    • Vincent Buglisi's book, Freelance to Freedom

    Join the Community
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