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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Episoder(734)

Mastering Back-End Functionalities and Development with AWS Amplify - JSJ 619

Mastering Back-End Functionalities and Development with AWS Amplify - JSJ 619

In this episode, Steve delves into a deep and insightful conversation with Erik Hanchett from Amazon AWS. They explore a wide range of topics, from discussing the possibilities and complexities of using multiple software services for back-end development to unraveling the benefits of using services like AWS Amplify for handling multiple tasks and integrated functionalities. The conversation also touches on the development and deployment processes, local testing environment setup, language choices, and the Vue component library with connected components and theming. Erik shares his vast expertise and knowledge in the field, and the engaging dialogue offers valuable insights and recommendations for both experienced and aspiring developers.SponsorsChuck's Resume Template Raygun - Application Monitoring For Web & Mobile AppsBecome a Top 1% Dev with a Top End Devs MembershipSocialsLinkedIn: Erik Hanchett PicksErik - Apple Vision ProSteve - Why You’ve Never Been In A Plane CrashSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

6 Feb 20241h 10min

Exploring AI Impact on Code Generation and Quality Metrics - JSJ 618

Exploring AI Impact on Code Generation and Quality Metrics - JSJ 618

Conor Bronsdon is the host of the Dev Interrupted Podcast and currently works at LinearB. They dive into the world of generative AI tools in software development, exploring the impact, challenges, and potential benefits they present. They engage in a lively discussion about the use of AI tools like Copilot and the implications for code generation, team efficiency, and happiness. The conversation also touches on the concerns and considerations surrounding AI integration in coding, including compliance, quality, and intellectual property. Join them as they delve into the evolving landscape of AI in software development, the quest for improved developer experiences, and ethical considerations.SponsorsChuck's Resume Template Developer Book Club Become a Top 1% Dev with a Top End Devs MembershipLinksDev InterruptedSocialsLinkedIn: Conor BronsdonConor BronsdonPicksAJ - Market Saturation = 98.9% - What Now?AJ - Mentour PilotAJ - Keychain Pin ToolAJ - Open AudibleConor - Feel-Good Productivity: How to Do More of What Matters to YouSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

30 Jan 20241h 6min

Inside the World of React: Server Components, Unidirectional Data Flow, and Frameworks - JSJ 617

Inside the World of React: Server Components, Unidirectional Data Flow, and Frameworks - JSJ 617

Sam Selikoff is the founder of Build UI, Inc. They unpack a myriad of discussions surrounding JavaScript and its applications. They delve into topics such as RPC resurgence, React server components, and the challenges and solutions around integrating design and components. A variety of technical concepts, tools, and frameworks, including Tailwind, Redux, and Remix, are also explored. Additionally, the episode touches upon important mental health conversations, personal experiences, and the pitfalls of fragmented media subscriptions. SponsorsChuck's Resume Template Developer Book Club Become a Top 1% Dev with a Top End Devs MembershipSocialsTwitter: @samselikoffPicksAJ - No BackendAJ - Home AssistantAJ - CloudFreeAJ - AmeriDroidAJ - Chaos WalkingDan - Blue Eye SamuraiDan - Samurai JackSam - Lessons in ChemistrySupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

23 Jan 20241h 22min

Streamlining AI Integration - JSJ 616

Streamlining AI Integration - JSJ 616

Ismail Pelaseyed is the co-founder of Superagent. They delve into the world of AI technology, open-source frameworks, and the practical applications of AI assistants. The conversation covers a range of topics, from the technical and philosophical differences between AI frameworks to the importance of user-facing UI components with the power of AI. They also talk about the practical use cases of Superagent, its potential impact on the AI industry, and the challenges and considerations surrounding the deployment and monetization of open-source projects.SponsorsChuck's Resume Template Raygun - Application Monitoring For Web & Mobile AppsBecome a Top 1% Dev with a Top End Devs MembershipLinksSuperagentSocialsLinkedIn: Ismail PelaseyedPicksAJ - His & Her BidetAJ - Ollama (Installer)AJ - Home AssistantAJ - Chaos Walking (Books)AJ - Market Saturation = 98.9% - What Now?AJ - Keychain Pin ToolCharles - Disney ChronologyCharles - once.comDan - PrometheusDan - Which one is the un-React?Ismail - Fargoismail - outlinesSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

16 Jan 20241h 17min

Iterating on Open Source - JSJ 615

Iterating on Open Source - JSJ 615

Today the panel is discussing iterating on open source projects. Aimee and AJ recall a conversation they had in the past on this subject and AJ talks about some of his experience iterating with open source. AJ believes that we have an obligation to capture the value of what you create so that we can reinvest and create more value, though he admits that making money in open source is a unique challenge because donations only really work if you have a project that gets billions of downloads a month. As your project grows, it has to change in order to survive, and eventually you will need to get financial support from your project. The panel agrees that some of the main issues with iterating in open source are maintaining the code and getting feedback from users, financial backing, and roadmapping and integrations.The panel discusses their methods for getting feedback from their users. This feedback is valuable because it can show you things that you missed. They acknowledge that there can be conflicts of interest between those who only use the project and those who financially support it, and you have to make a choice. Unfortunately, someone is probably going to be inconvenienced no matter what choice you make. When making these decisions, you have to consider who it helps, who it frustrates, and who it may cause problems for. The panelists talk about different ways they’ve handled making these decisions in the past. The JavaScript experts talk about the importance of having data on your user base in order to make good choices for your users. They talk about different methods for notifying your users of upcoming changes and how it will affect compatibility, and some of the challenges with communicating with your users. AJ talks about an iteration he thought was a good idea but that a lot of people hated and how he noticed that the new users liked it but the old users did not. They panel agrees that people in general don’t like change. AJ talks about what he learned from this experience. Another common issue is integrating with other services. Integrating with cloud services, or at least giving people the option to integrate gives you an opportunity to reach more people and maintain the project long term. AJ gives some final thoughts to close the show, namely that most projects never go anywhere, and that’s ok. If you’ve got something that starts going somewhere, think early on about how you can better serve the community and remember that these people are mostly grateful and semi-willing to support you. He believes that if you are helping people create value, you deserve to see the fruits of your labor. He advises listeners to stay true to your open source ideals, think about your users perspective, and that the earlier you can think about this and make these choices, the better it is for your project SponsorsChuck's Resume Template Developer Book Club Become a Top 1% Dev with a Top End Devs MembershipLinksHow-npm-am-iReactVue.jsLet’s EncryptAsync/awaitNodePicksAimee - Debug Like a NinjaSteve - Jack Ryan AJ - Why I, as a black man, attend KKK meetingsCharles - It’s a Wonderful LifeCharles - Mr. Kreuger’s ChristmasSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

9 Jan 202457min

Dev Dilemmas: TypeScript Triumphs and Quirks of JavaScript Arrays - JSJ 614

Dev Dilemmas: TypeScript Triumphs and Quirks of JavaScript Arrays - JSJ 614

AJ, Charles, Dan, and Steve dive deep into all things JavaScript and TypeScript. In this episode, they discuss the pros and cons of arrow functions and the ongoing debate about using semicolons at the end of JavaScript statements. They also explore the use of different types of quotes for strings and the rise in popularity of TypeScript among developers. Additionally, they cover a wide range of topics, including array manipulation, coding laziness, and the challenges of reading and understanding JavaScript code. Join them as they navigate through these intriguing discussions and gather valuable insights for our development journey.SponsorsChuck's Resume Template Raygun - Application Monitoring For Web & Mobile AppsBecome a Top 1% Dev with a Top End Devs MembershipPicksAJ - Chaos Walking: The Complete Trilogy: Books 1-Charles - SaltconCharles - MysteriumDan - CatanDan - Documentary about the history of Zionism and the founding of Israel: "Pillar of Fire"Steve - How archaeologists reconstructed the burning of Jerusalem in 586 BCESupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

2 Jan 20241h 33min

The Future of Authentication in JavaScript: An Inside Look into Passport JS with Jared Hanson - JSJ 613

The Future of Authentication in JavaScript: An Inside Look into Passport JS with Jared Hanson - JSJ 613

Jared Hanson is a software engineer at Okta. In this episode, they delve into the world of authentication strategies, troubleshooting touchscreen frustrations, and exploring the evolution of web application technology. They touch on the challenges of secure authentication, the complexity of JavaScript type checking, and the intersection of security and usability in technologies like WebAuthn. Join us as they discuss their experiences with Passport JS, the potential of WebAuthn, the frustration with ongoing changes in browser technology, and much more. Tune in for an insightful discussion on cutting-edge trends in the JavaScript and Node.js ecosystems!SponsorsChuck's Resume Template Developer Book Club Become a Top 1% Dev with a Top End Devs MembershipSocialsLinkedIn: Jared HansonTwitter: @jaredhansonPicksAJ - SQL <---> Types <---> JShttps://github.com/nettofarah/postgres-schema-tshttps://www.npmjs.com/package/ts-to-jsdochttps://jswithtypes.com/AJ - Creative T60 SpeakersAJ - HammerHead Metal Shower HeadAJ - Degrees of Comfort King Dual-Heated BlanketCharles - Risk Legacy | Board GameCharles - Ubiquiti: UniFi - IntroductionSteve - The DriveSteve - FigmaSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

26 Des 20231h 19min

The Rise of No Code: A Deep Dive into Toddle's Revolutionary Web App Platform - JSJ 612

The Rise of No Code: A Deep Dive into Toddle's Revolutionary Web App Platform - JSJ 612

Andreas Møller is a software engineer and the creator of Toddle, a platform that lets you build web applications without traditional code. They dive into the world of web development and the exciting rise of no-code and low-code approaches. They discuss the power and complexity of Toddle, its unique visual programming language, and how it enables efficient web development. They talk about the nitty-gritty of visual programming and the complexities of version control, so stick around and join us for this deep dive into the ever-evolving world of web development.SponsorsChuck's Resume Template Raygun - Application Monitoring For Web & Mobile AppsMiroBecome a Top 1% Dev with a Top End Devs MembershipLinksToddle SocialsLinkedIn: Andreas MøllerPicksAJ - A Man Called OttoAJ - Jonathan BlowDan - Dan's tweet about Jesus being a Jew from JudeaDan - Lucky Hank TV showSupport this podcast at — https://redcircle.com/javascript-jabber/donationsPrivacy & Opt-Out: https://redcircle.com/privacyBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

19 Des 20231h 21min

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