076R | Brad and Jonathan brainstorm ways to implement local adventure into their own lives and the lives of the ChooseFI community. Also, achat about high school reunions, local libraries, and a few clarifications about 401k contributions.

• Jonathan's 26-year-old sister just hit an 85% savings rate.
• Living at home can be super helpful to the recent college graduate, or young person entering the workforce.
• Getting to $100k net worth is the hardest part: after that, compounded interest starts working for you.
• Brad signed up his daughter for www.code.org, a website that teaches coding paired with Minecraft.
• Review of Monday’s episode with Mrs. Adventure Rich.
• Getting the right mindset is the most important part of getting on the path to financial independence.
• How does Brad feel about not having a FI number or date?
• Is the pursuit of financial independence a race or a journey?
• What was positive about the way Mrs. Adventure Rich’s coworker introduced her to FI.
• How has Mrs. AR lowered the barrier of entry for local adventures?
• How can local ChooseFI groups apply these ideas to exploring their own cities?
• How does the idea of exploring your own city connect with the idea of intentionally creating memorable moments, as introduced by Chris in ChooseFI episode 71.
• Adventure is anything that makes you feel like, “Hey, this is really living.”
• Have we traded adventure for convenience?
• How can someone plan for those things that truly bring value to their life?
• Check out ChooseFI episode 37, with Scott, talking about rolling out the red carpet for the valuable things in your life.
• Follow up from Robert, from The College Investor: how much student loan debt has the ChooseFI community paid off?
• Voicemail from Suzanne: in addition to physical books, her local library often provides access to online newspapers, to online language programs, STEM programs for students, as well as actual after-school programs for students from the public schools.
• Voicemail from the Peerless Money Mentor : the local library in Baton Rouge, LA, provides some access to Treehouse coding courses.
• How would Brad or Jonathan describe their lives at a high school reunion?
• Once you have all your financial needs taken care of, what do you want to do? What's your purpose?
• Email from Danny: how do employer contributions impact a 401k?
• Employer matched contributions do not count toward the $18,500 yearly limit for your 401k.
• There are some additional ways to maximize full contributions to your 401k, up to $55k a year.

 

Additional links:

The Reluctant Frugalist