JSJ 273: Live to Code, Don't Code to Live with 2 Frugal Dudes Sean Merron and Kevin Griffin

JSJ 273: Live to Code, Don't Code to Live with 2 Frugal Dudes Sean Merron and Kevin Griffin

JSJ 273: Live to Code, Don't Code to Live with 2 Frugal Dudes Sean Merron and Kevin GriffinThis episode of JavaScript Jabber features panelists Aimee Knight, Cory House, and Charles Max Wood. Special guests Sean Merron and Kevin Griffin discuss how to live frugally. Tune in to hear their advice![00:02:14] Introduction to Sean and KevinSean and Kevin are the hosts of the 2 Frugal Dudes Podcast. They are middle class software engineers. Sean works a 9 to 5 job, while Kevin owns a small business called Swift Kick. Swift Kick is a company that focuses on independent consulting, software development, and training companies for software development.[00:05:50] Different Types of Financial Advisors There is no legal reason that financial advisors have to work in your best interest. On the 2 Frugal Dudes Podcast, Sean and Kevin advise people to use fiduciary advisors. These types of advisors are not legally allowed to accept kickbacks from different funds. This means that they are more likely to help you to the best of their ability. They get paid for their services. Laws are currently changing so that everyone has to be a fiduciary advisor unless clients sign a specific form.[00:10:00] What do I do with money left over at the end of the month that I can’t put into a 401K and Roth IRA?They suggest that you put only the amount of money in your 401K that your company will match. Then, put the rest into a Roth IRA and max that out. Before you decide to do what next, you need to decide why you are saving money. When will you need the money? What will you need it for? Once you know the answer to these questions, you will be able to assess what your money will best be placed. For example, if you are saving to buy a house you need to put your money in a safe investment. A Roth IRA can be used as a savings vehicle or as an emergency fund. Sean believes that a Bank CD is the safest return you can get.[00:14:30] Best Way to Save For those who are self-employed, it is a good idea to have two emergency funds – a personal and a business fund. Business emergency funds should have five months of personal salary. Kevin built his up over two or three years and uses it as self-insurance.Sean says that the employee world is different. For him, he only keeps the minimum amount in his emergency fund. He knows that he is in a field where his job is in high demand, so feels comfortable with being able to get a job quickly. For others, this may not be the case. Have to evaluate how much to save based on how long you think you may need the money. [00:18:50] What is the first thing people should be doing for their own financial well being?Kevin follows Dave Ramsey’s advice.
- Basic emergency fund. He uses $1,000. Most emergencies fall under that amount of money.
- Get rid of all consumer debt. This includes car payments, credit cards, and student loans. Mortgage is not consumer debt.
- Grow an emergency fund to three or six months of expenses.
- Investments. Setting up retirement funds, paying for college, or mortgages.
Sean values early retirement so he focuses on that. What does retirement mean to me? What does rich mean? You should always track your money through a budget. Then you can funnel money towards emergency funds and tackling debt.Self-insurance means that you don’t have to worry about funds. It helps lower your stress knowing that you have your finances in order. It is a peaceful place to be and opens up opportunities for you. If someone has stressors in their life – for example, their car breaks down – and they have no money to fix it, they now have car and money problems. This stress can then potentially lead to other problems such as marriage problems. If the money to fix the broken car would have been there, it would alleviate stress.[00:28:23] Difference between 401k, IRA, and Roth IRAsA 401k is an employer provided, long-term retirement savings account. This is where you put in money before it is taxed. With this plan you are limited with the funds you can choose from to invest in.IRAs are long-term retirement plans as well. The first type of IRA is a Traditional IRA, which is similar to a 401k. You get tax reduction for the money you put in the account. You pay taxes once you withdraw money. A Roth IRA is where you already pay taxes on money that you are putting in, but don’t have to pay taxes when withdrawing money. You can withdraw contributions at anytime without being penalized, you just can’t take out any earnings.Another thing that is potentially good for early retirement is a Roth IRA conversion ladder. This is where you take money from a 401k and convert it into a Roth IRA and use it before 60 years old to fund early retirement.Traditional IRAs are good for business owners looking for tax deductions now. An HSA (Health Savings Account) can also be used as a retirement device. It goes towards medical expenses if needed.[00:34:20] Are there tools or algorithms I can use to figure this stuff out?There are some. Portfolio Visualizer allows you to choose different portfolio mixes and put different amounts of money in each one. Portfolio Charts is similar to Portfolio Visualizer but gives nice graphics. Sean created a JavaScript website to help people use to figure out early retirement.The hardest part is calculating return because you have to estimate what your return will be each year.[00:39:00] Put Your Money SomewhereThe only bad investment is not making an investment. Even making a bad investment is better than not having any at all. Inflation eats away at money that is just sitting.[00:42:05] If you get one of these advisors what advice should you be looking for?Need someone that tries to understand your particular situation. “It depends” is very true and your advisor should know that. No two people will have the same financial goals. They should want to help reach your goals in the least costly way possible. Other things they should be able to do is be honest and help you control your emotions during upswings and downswings. [00:47:08] Why index funds?As an investor, you can buy an index fund cheaper than buying the whole index. A mutual fund will try to buy and sell the stocks in that index in order to follow the index's performance. As an investor, you have the opportunity to buy into a mutual fund that handles it for you.You don’t have to independently invest in companies either. You can invest in an index instead that will look at, for example, top performing technology companies. It is usually a better value.[00:53:33] How much do I invest in my business verses putting money into a Roth IRA or 401k?Sean thinks it comes down to retirement goals. At some point you will want money to come in passively and retire in the future. If you can passively put X amount of dollars into your company then it can be looked at as a form of investment.Kevin evaluates his business goals every quarter. He creates a business budget based off of those goals.PicksCory
- http://www.amazon.com/dp/0393330338/?tag=chamaxwoo-20
- http://www.amazon.com/dp/1612680011/?tag=chamaxwoo-20
- http://www.amazon.com/dp/1591847818/?tag=chamaxwoo-20
Aimee
- Hacker News Thread – How to Not Bring Emotions Home With You
- http://www.phantogram.com/
Charles
- http://www.amazon.com/dp/1476757860/?tag=chamaxwoo-20
- https://www.daveramsey.com/elp
Sean
- http://www.amazon.com/dp/1501164589/?tag=chamaxwoo-20
- https://www.mrmoneymustache.com/
- http://www.mint.com
Kevin
- http://www.amazon.com/dp/0470102101/?tag=chamaxwoo-20
- https://www.youneedabudget.com/
- http://www.amazon.com/dp/1589795474/?tag=chamaxwoo-20
Links
- https://twitter.com/2frugaldudes
- https://twitter.com/seanmerron
- https://twitter.com/1kevgriff?lang=en
- http://www.swiftkick.in
- http://www.kevingriffin.com
- http://earlyretirementroadmap.com/
- http://2frugaldudes.com
Special Guests: Kevin Griffin and Sean Merron.

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React and Beyond: The Importance of Learning DOM APIs - JSJ 659

React and Beyond: The Importance of Learning DOM APIs - JSJ 659

In today's episode, Charles, AJ and Steve are joined by guests Corey Brown for a rich discussion on the importance of understanding foundational concepts in software development. They explore the balance between leveraging high-level frameworks like React and the necessity of grasping the underlying technologies to troubleshoot effectively and build robust applications. They emphasize the value of comprehending core language features to write better software and solve problems efficiently. Corey reflects on the passion within the software development community and the hidden costs of over-relying on third-party dependencies like the infamous "left pad" incident.As the conversation unfolds, they debate whether sticking to frameworks or delving into deeper technologies leads to long-term success. They share practical insights on the benefits of reading source code, continuously learning, and the significance of core platform APIs. Additionally, the episode includes light-hearted "picks" from the panelists, including humorous resources and personal anecdotes. Join them as they dissect these critical perspectives and share valuable advice for both novice and seasoned developers alike. Let's get started!PicksAJ - Grug BrainAJ - Creeds of CraftsmanshipAJ - AJQuery v3.0.3Cory - Palm Paradise #206Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

26 Marras 20241h 23min

New Horizons in Web Development with Danny Moerkerke - JSJ 658

New Horizons in Web Development with Danny Moerkerke - JSJ 658

In today's jam-packed episode, Charles, AJ, and Dan, along with special guest Danny Moerkerke, a seasoned freelance JavaScript web developer from Amsterdam.  They dive deep into the fascinating world of web development, focusing on the capabilities and future of Progressive Web Apps (PWAs), comparing them to native apps, and discussing the technical intricacies involved.AJ shares his latest project on passkeys and the challenges of transitioning clients, while Dan gives us a glimpse into his social media habits and movie recommendations. Danny enlightens us with his experiences at IKEA and his passion for web components, PWAs, and crucial APIs like the Wake Lock and Background Sync.They explore the complex interplay between service workers, caching for offline functionality, and the barriers to widespread PWA adoption, particularly on iOS. Plus, they dive into practical applications of these technologies, from gaming to improving podcast accessibility for offline listening.So, tune in as they unravel the technical hurdles, share insightful demos, and debate the future of web and native app development. It's an episode packed with knowledge, practical advice, and a bit of fun along the way!SocialsLinkedIn: Danny MoerkerkeBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

19 Marras 20241h 27min

Structuring Node.js Applications: Event Loop, Metrics, and Efficient Processing Techniques

Structuring Node.js Applications: Event Loop, Metrics, and Efficient Processing Techniques

In this episode, they dive deep into the essential practices and principles for successful Node.js development.  AJ and Dan are joined by special guests Michael Dawson, James Snell, and Matteo Collina. They bring a wealth of expertise and experience to the table, discussing key topics like experimental tech with existing web standards, managing updates with LTS releases, and the fundamental pillars of Node.js, including the critical concept of "not blocking the event loop."They explore the consequences of blocking the event loop, real-world insights into performance issues, and the importance of efficient task handling. They also share their wisdom on utilizing multi-threading, scaling applications, best practices for dependency management, and the significance of regular updates to maintain security and performance.Additionally, they touch on some fascinating side discussions, such as AI's role in coding, the evolution of package management, and the importance of intentional coding practices. There's even a bit of personal insight with recommendations for exciting Netflix series and real-world anecdotes about Node.js conferences and testing frameworks.Join them as they unravel these topics and more, guiding you through advanced Node.js SocialsLinkedIn: James SnellLinkedIn: Michael DawsonLinkedIn: Matteo CollinaLinksThe Nine Node Pillars: 9  Principles for Doing Node.js Right in Enterprise EnvironmentsThe Nine Node Pillars | 9 principles for doing Node.js right in enterprise environments - YouTubePicksDan - Monsters: The Lyle and Erik Menendez StoryDan - The WordPress drama explainedMichael - bee-agent-frameworkJames - NodeConf EUBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

12 Marras 20241h 44min

Stimulus and Turbo in Web Development - JSJ 656

Stimulus and Turbo in Web Development - JSJ 656

Dive into the dynamic world of JavaScript frameworks with this week's episode of JavaScript Jabber! Join Charles, AJ, Dan and Steve as they explore Hotwire, Stimulus, and Turbo—tools that are transforming how developers build fast, responsive web applications. They discover the evolution from Turbo Links to Turbo Drive, learn how these technologies enhance page rendering speeds by updating only changed elements, and understand their seamless integration in Rails applications. The discussion also touches on practical implementations using Turbo frames and streams for efficient DOM manipulation. Additionally, they dive into the benefits of partial page updates for improved performance and talk about the insights into integrating Stimulus for fine-grained control over client-side interactions. They also explore the parallels between modern frameworks like React or Angular with traditional approaches.Tune in to uncover how you can leverage these tools to optimize your development workflow!SocialsLinkedIn: Charles WoodPicksAJ - The Fall Guy 4k + Extended CutAJ - Passkeys DemoBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

5 Marras 20241h 26min

Understanding, Confidence, and Humility in Web development - JSJ 655

Understanding, Confidence, and Humility in Web development - JSJ 655

Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

29 Loka 20241h 19min

Exploring Local-First Applications and Data Synchronization Challenges: Part 1 - JSJ 654

Exploring Local-First Applications and Data Synchronization Challenges: Part 1 - JSJ 654

Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

22 Loka 20241h 35min

Slaughtering Sacred Cows: Reconsidering Software Dev Truisms - JSJ 653

Slaughtering Sacred Cows: Reconsidering Software Dev Truisms - JSJ 653

Charles and Dan dive deep into the world of programming languages, development practices, and the trade-offs that shape our daily coding lives. Joining them is special guest Tomer Gabel, an experienced backend engineer, and consultant.In this episode, they unpack the productivity benefits and challenges of using Rails, deliberate on the pros and cons of dynamic languages, and explore the fascinating topic of convergent evolution in programming ecosystems. They also discuss TypeScript's value proposition, the intricacies of static typing, and the sometimes controversial principles of "clean code." Get ready for an engaging conversation packed with expert insights, practical advice, and a few surprising takeaways. Let’s get started!SponsorBlue HostSocialsLinkedIn: Tomer GabelBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

15 Loka 20241h 45min

Unlocking Vue and Nuxt Potential: New Tools, Best Practices, and more - JSJ 652

Unlocking Vue and Nuxt Potential: New Tools, Best Practices, and more - JSJ 652

In this episode, AJ and Steve dive deep into the world of Vue.js and API integration with a special guest, Daniel Kelly, a seasoned lead instructor at Vue School. this episode is packed with valuable discussions on using the useFetch Vue component for seamless API requests, navigating the challenges of migrating from Vue 2 to Vue 3, and embracing TypeScript for a more robust development experience.They also explore the impactful updates coming with Nuxt 4 and Vue 3.5, the benefits of Vue.js certifications for career growth, and how tools like Nitro and auto-import features in Nuxt 3 can enhance your development workflow. Plus, enjoy a range of recommendations from books and music to tech innovations and humorous dad jokes.So, whether you're a seasoned Vue developer or just starting, this episode offers something for everyone. Tune in, and  elevate your JavaScript journey!SocialsLinkedin: Daniel KellyPicksDaniel - Fairy TaleDaniel - Believe by Yellowcard Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

8 Loka 202458min

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