JSJ 273: Live to Code, Don't Code to Live with 2 Frugal Dudes Sean Merron and Kevin Griffin
JavaScript Jabber8 Aug 2017

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)

JSJ 440: Why Serverless with Gareth McCumskey

JSJ 440: Why Serverless with Gareth McCumskey

Join the 30-DAY CHALLENGE: "You Don't Know JS Yet"Gareth McCumskey, a Solutions Architect in Cape Town, South Africa engages the panelists of JavaScript Jabber in an informative discussion about the broad topic of serverless. The JavaScript expert explains that serverless is essentially a way to use the existing managed services of the cloud in building a solution. He expounded on the different ways in which to employ the use of serverless.PanelAJ O’NealCharles Max WoodSteve EdwardsDan ShappirGuestGareth McCumskey SponsorsScout APM | We'll donate $5 to the open source project of your choice when you deploy ScoutReact Native Remote Conf 2020PicksGareth McCumskey:Follow Gareth on Twitter > @garethmcc Oryx Pro - System76Full-Stack Application Development on AWS (Free Video Course) AJ O’Neal:Follow AJ on Twitter > @coolaj86webinstall.devServiceman | webinstall.devPathman | webinstall.devSteve Edvards:The Black Stallion (1979) - IMDbCharles Max Wood:Devchat.tv Remote ConferencesFollow JavaScript Jabber on Twitter > @JSJabber Special Guest: Gareth McCumskey. 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.

14 Jul 20201h 25min

JSJ 439: More Jabber About Less JavaScript with Alex Russell

JSJ 439: More Jabber About Less JavaScript with Alex Russell

Join the 30-DAY CHALLENGE: "You Don't Know JS Yet"Alex Russell works for Google on the Chrome team and is the lead of Project Fugu which focuses on Web Capabilities and Progressive Web Apps. Alex leads the JavaScript Jabber panel in a discussion of writing less JavaScript and focusing on performance and functionality on low bandwidth connections and low performance phones. Because accessibility is downstream, now, of performance, he argues that we need to focus on performance to make applications that give a good experience on lower end phones and connections.PanelAJ O’NealAimee KnightCharles Max WoodDan ShappirGuestAlex Russell React Native Remote Conf 2020 Links1 Million Teachers And Staff Lost Their Job In AprilJSJ 428: The Alphabet Soup of Performance Measurements - Devchat.tvPicksAlex Russell:Follow Alex on Twitter > @slightlylate, Websiteweb.devWebPageTest - Website Performance and Optimization TestAJ O’Neal:Flint 4KP HDMI CaptureBureau of Justice StatisticsBlack Voices MatterLyndon Johnson was a civil rights hero. But also a racist. | MSNBCAimee Knight:Package PhobiaUnsplashCharles Max Wood:PodWrenchHome | Brandon SandersonDan Shappir:Package PhobiaEpisode 253 – Take Responsibility for Your Career and Work on Things You Enjoy with Dan Shappir – IT Career Energizer Follow JavaScript Jabber on Twitter > @JSJabber Special Guest: Alex Russell. 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.

7 Jul 202013min

JSJ 438: You Don't Know JS Yet with Kyle Simpson (SPECIAL ANNOUNCEMENT at the End)

JSJ 438: You Don't Know JS Yet with Kyle Simpson (SPECIAL ANNOUNCEMENT at the End)

Join the “You Don’t Know JS Yet” 30-day CHALLENGE SPECIAL ANNOUNCEMENT at the end of this episode. Don't miss it. Kyle Simpson, author of the You Don't Know JS Yet series joins the JavaScript Jabber panel to discuss the origins and approach to his book series. The discussion varies to the basic parts of JavaScript, the parts you should know, and how to learn them.PanelAJ O’NealAimee KnightCharles Max WoodSteve EdwardsDan ShappirGuestKyle SimpsonSponsorsG2i | Enjoy the luxuries of freelancing "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! Linksgetify/TypL: The JavaScript Type LinterPicksKyle Simpson:Follow Kyle Thompson on Twitter > @getifygithub/super-linter: Combination of multiple linters to install as a GitHub ActionCharles Max Wood:WordPressVlog - Video Blog & Podcast WordPress Theme by meks | ThemeForestDevchat.tv Book Camp - Use Promo code "JSJABBER"Dan Shappir:Wix in the '90sBreaking Chains with Pipelines in Modern JavaScriptA Promise of a Bright Future With Async Iterators, Generators, and Pipes, Part 1Join the “You Don’t Know JS Yet” 30-day CHALLENGEFollow JavaScript Jabber on Twitter > @JSJabber Special Guest: Kyle Simpson. 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.

30 Jun 20201h 21min

JSJ 437: Inside the Brave Browser with Jonathan Sampson

JSJ 437: Inside the Brave Browser with Jonathan Sampson

React Native Remote ConfJuly 28th to 31thJonathan Sampson hops into the Jabber session to talk about the Brave Browser. He and the panel wander through the topics of privacy, browser design, and features.PanelAJ O’NealAimee KnightCharles Max WoodSteve EdwardsDan ShappirGuestJonathan Sampson  "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! PicksJonathan Sampson:Follow Jonathan Sampson on Twitter > @BraveSampson, @jonathansampsonOffice LadiesJavaScript: The First 20 YearsThe Office: The Untold Story of the Greatest Sitcom of the 2000sAJ O’Neal:Predictably IrrationalDragon Ball ZAimee Knight:What Is BGP?8GreensCharles Max Wood:Traffic SecretsDotCom SecretsExpert SecretsSteve Edwards:Home TownDan Shappir:Web VitalsJSJ 428: The Alphabet Soup of Performance MeasurementsWhat's New in Lighthouse 6.0Follow JavaScript Jabber on Twitter > @JSJabber Special Guest: Jonathan Sampson. 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.

23 Jun 20201h 25min

JSJ 436: MongoDB Basics with Joe Karlsson

JSJ 436: MongoDB Basics with Joe Karlsson

React Native Remote ConfJuly 28th to 31thWhat is MongoDB? How does it work? How is it different than a standard relational database? How does it fit into a modern web app? This week, the panel gets the answers to these questions and more when they talk to Joe Karlsson, Software Engineer and Developer Advocate at MongoDB.PanelAJ O’NealAimee KnightSteve EdwardsGuestJoe KarlssonSponsorsG2i | Enjoy the luxuries of freelancingRemote Work: Get a Job or Make a Career Working From Home "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! LinksFree MongoDB Official Courses | MongoDB UniversityCourse to start withMongoDB Developer HubPicksJoe Karlsson:Follow Joe on Twitter > @JoeKarlsson1MongoDB TwitchAnimal Crossing: New HorizonsMongoDB.liveAJ O’Neal:The guys who invented the term "sharding"?Supporting Pick: WikiPedia confirms that Ultima Online popularized the term "sharding"Your Coffee Shop Doesn't Use Two-Phase CommitAimee Knight:What happens when I type kubectl run?The Cereal SchoolSteve Edwards:Pink Floyd: A Momentary Lapse of ReasonFollow JavaScript Jabber on Twitter > @JSJabber Special Guest: Joe Karlsson. 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.

16 Jun 202059min

JSJ 435: Form.io with Travis Tidwell

JSJ 435: Form.io with Travis Tidwell

The panel is joined by Travis Tidwell, co-founder and CTO of Form.io, a ME*N stack platform that incorprates a form builder with automatically generated REST API endpoints. Travis discusses the history of Form.io, how it’s built and works, and lays the smackdown on panelist and noted NoSQL database skeptic AJ O’Neal by showing how MongoDB is the appropriate DB for storing form data in JSON format.PanelSteve EdwardsAJ O’NealAimee KnightGuestTravis TidwellSponsorsG2i | Enjoy the luxuries of freelancingRemote Work: Get a Job or Make a Career Working From Home "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! LinksForm.ioPicksAJ O’Neal:Follow AJ on Twitter > @coolaj86File System | Node.js v14.3.0 DocumentationJDDwebinstall.devSteve Edwards:Follow Steve on Twitter > @wonder95, WebsiteNeedtobreathe - Rivers In The WastelandTravis Tidwell:Follow Travis on Twitter @softwaregnome, GithubVEX IQ - VEX RoboticsFollow JavaScript Jabber on Twitter > @JSJabber Special Guest: Travis Tidwell. 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.

2 Jun 20201h 7min

JSJ 434: Understanding and Using ES Modules in Node with Gil Tayar

JSJ 434: Understanding and Using ES Modules in Node with Gil Tayar

Gil Tayar gave a presentation recently on ES modules in Node. He joins the panel to discuss how to use and think about ES modules. With considerable pushback from AJ, Gil explains how to start using modules and what the tradeoffs are between modules, script tags, and build tools.PanelAJ O’NealAimee KnightCharles Max WoodSteve EdwardsDan ShappirGuestGil TayarSponsorsG2i | Enjoy the luxuries of freelancingRemote Work: Get a Job or Make a Career Working From Home "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! LinksJSJ 341: Testing in JavaScript with Gil TayarPicksAJ O’Neal:USB 4Heavy Duty Suction CupsMiracle BerryAimee Knight:AJ ONeal - YouTubeCharles Max Wood:Dr. Erickson COVID videoZelda: Breath of the Wild75HARDSteve Edwards:Don’t Let the Pigeon Drive the BusThe Pigeon Finds a Hot DogDan Shappir:webinstall.devVisit IsraelGil Tayar:Follow Gil on Twitter > @giltayarSunset BlvdNode v14.0.0Follow JavaScript Jabber on Twitter > @JSJabber   Special Guest: Gil Tayar. 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.

19 Mai 202043min

JSJ 433: Understanding the Browser Layer with Noam Rosenthal

JSJ 433: Understanding the Browser Layer with Noam Rosenthal

JavaScript Remote Conf 2020May 13th to 15th - register now!Noam Rosenthal has worked in both web and native technologies. He leads off with a discussion of the history of the web, browsers, and specifically webkit. The panel then goes into how browsers and built and discuss the differences between the different browsers.PanelAJ O’NealAimee KnightSteve EdwardsDan ShappirGuestNoam Rosenthal "The MaxCoders Guide to Finding Your Dream Developer Job" by Charles Max Wood is now available on Amazon. Get Your Copy Today! LinksJSJ 428: The Alphabet Soup of Performance MeasurementsTest suites for Web platform specs — including WHATWG, W3C, and othersJSJ 421: Semantic HTML with Bruce LawsonPicksAJ O’Neal:vim 8 pluginsNikelodeon Gak / Super CleanProjector Screen SteamerAimee Knight:BlinkOnSteve Edwards:Steve's email: steve@smgaweb.comInstagram - dad jokeshttps://www.instagram.com/epicdadjokes/https://www.instagram.com/dadsaysjokeshttps://www.instagram.com/pun_bible/https://www.instagram.com/dad_joking/Dan Shappir:EggsNoam Rosenthal:Follow Noam on Twitter > @realnoamHyperisolationThe Art of StorytellingFollow JavaScript Jabber on Twitter > @JSJabber Special Guest: Noam Rosenthal. 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.

12 Mai 202052min

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