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)

Wix Velo with Yoav Abrahami - JSJ 558

Wix Velo with Yoav Abrahami - JSJ 558

We are joined by Yoav Abrahami, Chief Architect and Head of Velo to discuss the transformation of Wix from a Website builder to an application development platform. Wix Velo enables developers to implement code that runs either on the client-side or on Wix hosted Node server, while constructing the UI using a WYSIWYG page editor. In this way, Wix provides an interesting alternative to app development frameworks such as NextJS and Nuxt. Sponsors"Request Metrics, who does performance monitoring and can help with issues like too much cumulative layout shift" Chuck's Resume TemplateDeveloper Book Club starting with Clean Architecture by Robert C. MartinBecome a Top 1% Dev with a Top End Devs MembershipLinksVeloTwitter: @yoavabrahamiPicks  AJ - The Big Short: Inside the Doomsday MachineAJ - Mentour PilotAJ - The Matt Walsh 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.

22 Nov 20221h 30min

What Is Functional Programming and What It's Not With Lane Wagner- JSJ 557

What Is Functional Programming and What It's Not With Lane Wagner- JSJ 557

Lane Wagner is the founder of a startup company called Boot.dev. He teaches backend development online in Go, Python, and JavaScript. Lane joins Chuck and Steve as they talk all things Functional Programming. They also talk about its importance and share their thoughts about it. Moreover, Lane also shares his experience with creating boot.dev and the different teaching strategies he uses on his online learning platform.  About this Episode The difference between Functional Programming VS Object-oriented ProgrammingReact Hooks & Vue 3 and why are they considered as “not Functional” Boot.dev and how is it created  The reason why Go became a popular backend languageSponsorsChuck's Resume TemplateDeveloper Book Club starting with Clean Architecture by Robert C. MartinBecome a Top 1% Dev with a Top End Devs MembershipLinksBoot.devwagslane.devTwitter: @wagslanePicksCharles - Chuck's Resume TemplateCharles - Dice Miner Card Board GameCharles - Timpanogos Game ConventionCharles - Top End DevsLane - Life of a ChameleonLane - Boot.devSupport 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.

15 Nov 20221h 7min

Stories From The Trenches - JSJ 556

Stories From The Trenches - JSJ 556

In this episode the panelists share war stories from their career and the lessons they have learned from them. They discuss things they have done back in their early days in tech, and how they now behave differently given those experiences.SponsorsChuck's Resume TemplateDeveloper Book Club starting with Clean Architecture by Robert C. MartinBecome a Top 1% Dev with a Top End Devs MembershipPicksAJ - Duratech 8mm-22mm COMPLETE wrench setAJ - ATV Body Armor / Adventure JacketsAJ - Project Hail MaryAJ - (Unpick) TwilightDan - The Mote in God's EyeDan - Code Like a Girl. Breaking the Gender StereotypeDan - Women on Stage and in Tech with Moran Weber - JSJ 483Support 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.

8 Nov 20221h 22min

Writing Change-Proof Software with Tests - JSJ 555

Writing Change-Proof Software with Tests - JSJ 555

Shai Yalin is a freelance software architect and mentor. He specializes in teaching organizations and individuals how to use Test Driven Development (TDD) and other development methodologies and best practices. In this episode Shai joins us to explain how to use these methods in order to create software that is resilient to change, and how to refactor existing brittle code in order to clean out the rot.SponsorsTop End DevsCoaching | Top End DevsLinksChronomatic: my side-project storyYour Software as a KitchenThe Anatomy Of A Rotten CodebaseLinkedIn: Shai YallinTwitter: @shaiyallinPicksAJ - Read The Lost Metal by Brandon Sanderson: Prologue and Chapters One and TwoDan - FargoShai - VitestShai - We Are Legion (We Are Bob) (We Are Bob) (Bobiverse, #1)Shai - Citizen Of Glass, by Agnes ObelSteve- GitHub Copilot investigation · Joseph Saveri Law Firm & Matthew ButterickSupport 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.

1 Nov 20221h 19min

Remix and EpicWeb.dev with Kent C. Dodds - JSJ 554

Remix and EpicWeb.dev with Kent C. Dodds - JSJ 554

Kent C. Dodds is a well-known JavaScript developer who has done myriad development courses and training. He's also done outreach for Remix. He's spoken at tons of conferences and his now working on creating EpicWeb.dev which helps developers become epic web developers.The Jabber crew starts out talking about learning, teaching, and EpicWeb.dev before going into the changes in the web platform and progressive enhancement and eventually Remix. Links:TestingJavaScript.comEpicWeb.devEpicReact.devRemixFly.ioLightstreamThe Web's Next Transition blog post by Kent C. DoddstRPCGraphQLPicks:AJExtraordinary Attorney WooWhen fixing a 4-wheeler, look at the larger component and compare prices.FourTrax 300DanWeb Directions SummitWar in UkraineSteveStudy on why you can't tickle yourselfKentEpicWeb.devCall Kent PodcastKent's Travel MapBuild Your House Yourself UniversitySupport 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.

25 Okt 20221h 49min

Being a New Developer with Diego Moura - JSJ 553

Being a New Developer with Diego Moura - JSJ 553

Diego Moura is a newer developer who has recently joined the ranks of professional developers. The panel talks to Diego about his career as a fashion designer and how he moved to Canada and go into programming. He initially got into digital marketing and figured out that he could modify and manage pages and picked up development as a function of doing UI work on his marketing pages. From there he fell in love with web development.SponsorsTop End DevsCoaching | Top End DevsArchitect, who provides environments on demandLinksJen SimmonsLinkedIn LearningFront-End MentorWatch and CodeReading Source Code with Carl Mungazi - JSJ 408Twitter: @_DiegoMouraTwitch: diegomouradevPicksChuckTimpConLocal Board Game ConventionsGet Chuck's ResumeCommand Your Coding Career (Coming Soon)Star Trek: PicardAJDIY Soldering StationAudioHijackBoot.devStevehttps://gizmodo.com/eu-officially-demands-big-tech-use-usb-c-end-of-2024-1849613451DanWeb Almanac for 2022Ongoing War in UkraineDiegoHow to be Great at Asking Coding QuestionsWhere Should We Begin PodcastSupport 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.

18 Okt 20221h 33min

Dan Shappir's Failed Predictions - JSJ 552

Dan Shappir's Failed Predictions - JSJ 552

The panel goes back a few years and reviews some technology predictions that Dan made a few years ago on Quora. These include WASM, Progressive web apps, and others. Most were wrong, but one did end up being sort of accurate. Along the way, they go into some deep rabbit holes but manage to pull themselves out. As always, they end with picks, and Steve's stupendous dad jokes. SponsorsTop End DevsCoaching | Top End DevsLinksApple iOS browser grip loosened under latest draft EU rules- Top End DevsPicksAJ- Search Results for wire wheel at The Home DepotAJ - Rust-oleumAJ- Figma is powered by WebAssemblyAJ- ImageOptim - better Save for WebAJ- SquooshDan - Dev JokeDan- The 2022 Web AlmanacDan - CrUX and Core Web Vitals - What to Measure on the Web with Rick Viscomi - JSJ 486Dan - FargoDan - War in UkraineSteve - Dad JokesSupport 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.

4 Okt 20221h 13min

Software Development as a Craft with Netta Bondy - JSJ 551

Software Development as a Craft with Netta Bondy - JSJ 551

Today we talk with Netta Bondy, a front end developer at Twang and dive into a discussion about when software development becomes a craft. We discuss the challenges of practicality vs. art, and the challenges of properly crafting code vs. working with popularly adopted methods. SponsorsTop End DevsCoaching | Top End DevsLinksThe Story of Mel with Tomer Lichtash and David Frankiel - JSJ 544Creeds of Craftsmanship · Issue #18 · BeyondCodeBootcamp/beyondcodebootcampFRONTEND CON 2020Twitter: @_bondit_PicksAJ- The Story of MelAJ- Creeds of Craftsmanship · Issue #18 · BeyondCodeBootcamp/beyondcodebootcampAJ- Form follows function - WikipediaAJ- Better Apps: Delivering Universal UI Patterns as Web ComponentsAJ- Engineering FestivusDan - My anniversaryDan- Code Complete 2nd editionDan- Web DirectionsDan - War in UkraineNetta- CSSBattleNetta- MIT OpenCourseWare | Free Online Course MaterialsNetta- The Priory of the Orange Tree (The Roots of Chaos, #1)Support 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.

27 Sep 20221h 17min

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