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)

Practical Strategies for Web Optimization: Using Chrome DevTools - JSJ 635

Practical Strategies for Web Optimization: Using Chrome DevTools - JSJ 635

Jack Franklin is a Senior Software Engineer at Google. They dive deep into the world of performance optimization. They explore the sophisticated capabilities of Chrome DevTools, focusing on the performance and insights panels. Jack shares invaluable tips on utilizing tools like Lighthouse and the flame chart to prioritize and analyze web performance, along with practical advice for maintaining a clean environment for accurate profiling.Join them as tehy decode the intricacies of debugging, from handling long tasks and layout thrashing to understanding the context of flame charts and network requests. Plus, they discuss the collaboration efforts between Chrome and Microsoft Edge, valuable educational resources, and even touch on topics like involvement in local politics and upcoming movie releases. Whether you're a seasoned developer or a tech enthusiast, this episode is packed with knowledge, humor, and practical advice to help you master web performance optimization. Tune in now!SocialsLinkedIn: Jack FranklinPicksCharles - Legendary: A Marvel Deck Building Game – SHIELD (2019)Dan - Dan Shappir: How to Maximize Web PerformanceJack - Sky Team | Board GameBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

11 Jun 20241h 24min

New Frontiers in Web Platform Development with Bruce Lawson - JSJ

New Frontiers in Web Platform Development with Bruce Lawson - JSJ

In this episode, they dive into the world of web development, featuring insightful discussions on the differences and costs associated with hiring React Native developers, the importance of understanding web standards and browser differences, and the ongoing efforts of the Open Web Advocacy organization. They share their experiences, concerns, and insights on Apple's impact on the open web, the EU's investigation into Apple's actions, and the implications of progressive web apps in light of Apple's policies. Join them as they unravel the complexities and controversies shaping the web development landscape, and explore the future of web app accessibility and competition across devices.SocialsLinkedIn: Bruce LawsonBruce LawsonPicksCharles - Harry Potter: Death Eaters Rising Charles - Vite | Next Generation Frontend ToolingDan - Barry Pollard | Google IODan - React Compiler: In-Depth Beyond React Conf 2024Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

4 Jun 20241h 19min

Building a Custom Front-end Framework - JSJ 633

Building a Custom Front-end Framework - JSJ 633

Zach Lankton is the Product Engineer at Signature Payments. They dive deep into the world of software development and tech innovations. In this episode, they explore a wide range of topics, the main focus is on ReZact, a cutting-edge front-end framework discussed by Zach, which shares similarities with React and Svelte. The conversation covers the framework's unique features, the challenges of customizing form inputs in the browser, and the value of leveraging native browser capabilities. Additionally, they delve into the concept of signals as a means of state management, the technical implementation of signals, and their benefits compared to other state management tools. And that's just scratching the surface! So, get ready to enrich your knowledge and dive into the latest trends in software development with this insightful discussion.SocialsLinkedIn: Zach L. PicksAJ - The Andromeda StrainZach - A Man in Full | Netflix Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

28 Mai 20241h 21min

Sentry's Impact on Web Vitals Understanding - JSJ 632

Sentry's Impact on Web Vitals Understanding - JSJ 632

Lazar Nikolov is a Full-stack engineer. They engage in a deep exploration of diverse subjects, from historical veracity and book recommendations to crucial insights on web performance monitoring tools. Join the esteemed panelists as they navigate the complexities of understanding historical events, reflect on significant global issues such as Holocaust Memorial Day and ongoing conflicts, and delve into the intricacies of improving website performance with cutting-edge tools like Sentry. Stay tuned for an insightful and thought-provoking discussion that combines expert analysis with real-world applications in the realm of development and technology.Sponsors"Testim, who makes an end to end testing tool"Chuck's Resume TemplateDeveloper Book ClubBecome a Top 1% Dev with a Top End Devs MembershipSocialsLinkedIn: Lazar NikolovGitHub: nikolovlazarBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

21 Mai 20241h 25min

Embracing Angular's Evolution with Santosh Yadav - JSJ 631

Embracing Angular's Evolution with Santosh Yadav - JSJ 631

Santosh Yadav is a Google Developer Expert for Angular. They dive into the world of JavaScript and development. The discussion centers around the topic of why Angular is considered the best framework, with insights from Santosh, Steve Edwards, and Charles Max Wood. They explore the history and evolution of Angular, its resurgence, and the recent improvements post-Angular 14. They also delve into Angular's migration process, state management options, and the future direction of the framework. Join them as they explore the technical aspects and practical implications of Angular in the development landscape. So, tune in and explore the world of Angular through the eyes of experienced developers.SponsorsChuck's Resume TemplateDeveloper Book ClubBecome a Top 1% Dev with a Top End Devs MembershipSocialsLinkedIn: Santosh YadavSantosh Yadav PicksCharles - The Crew: The Quest for Planet NineBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

7 Mai 20241h

Web3 with Nik Kalyani - JSJ 630

Web3 with Nik Kalyani - JSJ 630

Feel like you don’t know enough about Web3? Don’t worry, neither do we. That’s where these podcasts come in! In this new episode, the Jabberers sit down with Nik Kalyani, the founder of Decentology and overall Web3 expert. The gang discusses the “big D” of Web3 (and why you need to understand it), how Web3 changes the game for blockchain and the like, and how Web3 is going to make gaming bigger AND more lucrative.“For developers, Web3 equals a green field of opportunity!”- Nik KalyaniIn This Episode The “big D” that you NEED to know to understand Web3 (and why it’s about more than just the tech) The BIGGEST concern about Web2 that Web3 is trying to solve (and how it changes privacy for everyone) How to navigate NFTs, blockchain, and more buzzwords in Web3 The future of Java with Web3 (and why it’s easier than Web2!) How Web3 is changing the game for gamingSponsorsChuck's Resume TemplateDeveloper Book ClubBecome a Top 1% Dev with a Top End Devs MembershipPicksAJ- Genetically Modified Skeptic (Rational Atheist)AJ- AJ's Litmus Test (Contact me you're looking for work)Follow CoolAJ86 Live Streams: YouTube: https://youtube.com/coolaj86Twitch: https://twitch.tv/coolaj86Follow Beyond Code: YouTube: https://www.youtube.com/channel/UC2KJHARTj6KRpKzLU1sVxBATwitter: https://twitter.com/@_beyondcodeCharles- Wavelength | Board Game | BoardGameGeekCharles- Charles is Hiring! Charles- Best Tasting Protein Bars | BuiltBar.comNik- CATAN - CATANNik- Halt and Catch FireSteve- Twitter: Dad Jokes ( @Dadsaysjokes )Become a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

30 Apr 20241h 24min

From Learning New Languages to Learning New Technologies - JSJ 629

From Learning New Languages to Learning New Technologies - JSJ 629

Tony Alicea is a Udemy and Pluralsight Instructor. They delve into the crucial topic of understanding and mastering technology, featuring insightful discussions and experiences from our speakers. From the shift in focus from technical problems to effective communication and marketing to the significance of deeply understanding a system rather than just focusing on coding, they provide valuable perspectives on building strong foundations, navigating challenges, and staying current in the ever-evolving tech landscape. They also touch on the importance of curiosity, learning by doing, and the potential impact of AI-generated code. Join them as they explore the nuances of learning and understanding technology in this engaging and thought-provoking episode.SponsorsChuck's Resume TemplateDeveloper Book ClubBecome a Top 1% Dev with a Top End Devs MembershipLinks https://understandingreact.com (coupon code JSJABBER)https://thesmythgroup.comSocialsTony AliceaTwitter: @AnthonyPAliceaPicksCharles - DoomlingsCharles - FinchCharles - Training PeaksCharles - 75 HardDan - RipleyTony - Forbidden IslandTony - Tales from the LoopBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

23 Apr 20241h 33min

Unveiling Qwik and JavaScript Streamlining Web Development with Shai Reznik - JSJ 628 with Shai Reznik - JSJ 628

Unveiling Qwik and JavaScript Streamlining Web Development with Shai Reznik - JSJ 628 with Shai Reznik - JSJ 628

Shai Reznik is the Founder & CEO at HiRez.io and he is a Qwik Team Member. They dive deep into the world of web development with a focus on the Qwik framework and JavaScript streaming. They explore topics such as predictive buffering, Qwik Insight, automating tasks, optimizing user and developer experiences, and the challenges of large-scale JavaScript refactoring. With a blend of technical insights and personal experiences, they shed light on the evolution of web development and the future role of AI in frameworks like Qwik. This episode is packed with thought-provoking discussions, expert opinions, and valuable resources for developers aiming to stay at the cutting edge of web development. So buckle up and get ready for an insightful journey into the world of fast and efficient web development.SponsorsChuck's Resume TemplateDeveloper Book ClubBecome a Top 1% Dev with a Top End Devs MembershipSocialsLinkedIn: Shai ReznikPicksDan - My Daemon on NetflixShai - The Gentlemen on NetflixBecome a supporter of this podcast: https://www.spreaker.com/podcast/javascript-jabber--6102064/support.

14 Apr 20241h 21min

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