Episode Guide

Episode Summary:

A vibrant conversation unfolds as Jonathan Mendonsa and Brad Barrett engage with Chris Hutchins, exploring the profound impacts of recent podcast episodes on their lives. They reflect on the essence of financial independence, challenging previous mindsets around spending and savings. The trio dives into personal anecdotes, discussing the importance of valuing time over money, and the evolving perspectives on investments, particularly real estate. They debate the balance between wealth accumulation and enriching experiences in life, while emphasizing the need for personal well-being. This refreshingly candid episode offers a glimpse into their journey, highlighting actionable insights and the quest for a meaningful financial and personal journey.

Episode Timestamps

In this episode: what sparks goals, what are you optimizing, valuing your time, and money prioritization.

Sometimes on the journey to FI, we ask ourselves the following; do I really need to spend money on this? Do I really have the time and resources for that? These questions may be easy to dismiss by saying no in order to stay on track with your financial goals, but by dismissing them, you could be missing out on something that is beneficial to your personal journey! This week we are joined by friend of the podcast, Chris Hutchins, to talk about the hacks for optimizing your life, the differences between cheapness and frugality, and the importance of valuing your time and what it can lead to. Saving money is an important part of achieving FI, but you should never feel so restricted that you miss out on investing your time and money in things that bring joy and value into your life. While saving is important, it’s okay to spend money. Whether it’s on a trip or investing in something new, there are ways to make it work without feeling guilt or shame. Prioritizing and valuing your time can introduce new experiences and provide happiness as well as perspective while on this journey!

[elementor-template id="143609"]

Chris Hutchins

Website: allthehacks.com
Podcast: All The Hacks

Timestamps:

2:27 - Introductions
6:12 - Full-Time Podcasting
11:44 - What Sparks Our Goals
18:35 - What Are You Optimizing For?
23:36 - Managing Your Own Money
31:28 - Money Prioritization
39:03 - Valuing Time
50:53 - Real Estate Investing And Complexity
58:23 - The Once A Year Review
65:28 - Prioritizing Health
75:23 - Conclusion

Resources Mentioned In Today’s Episode:

Systemizing Pros

01/14/2019

Michelle VanCura

This podcast always exudes positive vibes, intelligence, and open-mindedness. The guests on each episode come prepared. Brad and Jonathan narrow in on topics and questions that bring out a unique side to the guests (especially guests that may have appeared on other podcasts I’ve listened to). I love the research and statistics continually dropped in a conversational way. If I am in a mood to take my finances seriously and be bombarded with ideas to further implement and research, I turn to this podcast. They cover a wide range of subjects, causing each episode to seem unique yet tied to the mission of the entire community.
Actionable Podcast

06/07/2020

PDX Jon

In the first 15 days since I started listening to this podcast, I opened a Vanguard taxable brokerage account and invested in VTI, changed my 403b from a target date fund to a mix of Vanguard index funds (moving from 0.66% expense ratio to 0.05%), rolled an old high fee 401k over to my 403b, started investing in a 457 account, opened a high interest online savings account, moved from post-pay to pre-pay cell service cutting $50 a month, cut cable expense by $20 a month, paid off two student loans, added additional monthly payments on two student loans accelerating their payoff dates by over 10 years, developed a plan to cut the grocery bill by at least $200 a month, reviewed and adjusted car insurance/life insurance/disability/umbrella, developed plan to fund transportation and dependent care FSAs next year, and I'm sure more that I'm forgetting. Amazing podcast with great hosts, great guests, and full of actionable tips that can be taken immediately.

Episode |

0:00 0:00