ChooseFI

428 | Fees, Frugality, and 401K Fears


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In this episode: personal investments, 401k contributions, FI is for everyone, travel rewards, task management, and taxes.

On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener's questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it's okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism!

Timestamps:

  • 1:04 - Introduction
  • 3:31 - FI Is For Everyone
  • 9:16 - Personal Investments
  • 14:08 - Paying For Experiences
  • 19:09 - An Introduction To FI
  • 28:20 - Task Management
  • 35:19 - Travel Rewards
  • 47:06 - 401k Contribution Question
  • 61:00 - Tax Season Hack
  • 68:51 - The Content We Are Consuming
  • 75:28 - Conclusion

Resources Mentioned In Today's Episode:

  • Four Thousand Weeks | ChooseFI Book Club | ChooseFI Ep 415
  • "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dr Dan Ariely and Jeff Kreisler
  • "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins
  • The Peter Attia Drive
  • All The Hacks
  • Taking Stock of Your Life | Jordan Grumet | ChooseFI Ep 390
  • Playing With FIRE
  • Todoist
  • Tim Ferriss
  • Huberman Lab
  • My First Million
  • ChooseFI Travel Rewards
  • Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9
  • A Guided Meditation for When the Stock Market Is Dropping
  • Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18
  • "A Deadly Education" by Naomi Novik
  • "The Premonition: A Pandemic Story" by Michael Lewis
  • "The New New Thing: A Silicon Valley Story" by Michael Lewis
  • "The Undoing Project: A Friendship That Changed Our Minds" by Michael Lewis
  • Subscribe to The FI Weekly!

More Helpful Links and Resources:

  • Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
  • Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
  • Keep learning or start a new side hustle with one of our educational courses
  • Commission-Free Investing with M1 Finance

...more
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ChooseFIBy ChooseFI

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