ChooseFI | Financial Independence Podcast12 Jun 2023

441 | The Valuist Returns | FI Roundup with Bo Loy

Most people wait until they have "enough" to start living intentionally — but what if you've been thinking about this backwards? Bo Loy returns to unpack "valuism," the principle that has shaped ChooseFI's philosophy since 2017: spend on what you truly value, not on what you think you should. Brad and Bo explore how the FI community is shifting from pure numbers-chasing to second-generation FI — a focus on fulfillment, happiness, and living your values now rather than postponing joy until some arbitrary finish line. Through stories about their kids, amusement parks, and teaching financial literacy through experience, they challenge the assumption that you need to sacrifice today for tomorrow. The conversation closes with a reminder that small steps taken now — not someday — are what reshape your life. Key Topics: [00:00:05] Valuism The principle of spending on what you truly value, not just hoarding money [00:01:09] Update on Jonathan Jonathan's learning journey with AI and coding [00:04:12] Second Generation FI Shifting from financial metrics to happiness and fulfillment [00:06:11] Living Your Values Starting now instead of waiting for financial independence [00:17:09] Amusement Parks and Family Fun Creating meaningful experiences and memories through shared activities [00:39:29] Teaching Kids About Money Strategies for making financial literacy engaging through hands-on experiences [00:52:44] Closing Thoughts Taking small steps toward your goals today Key Quotes: "Buy what you value." [00:00:05] "The learning opportunities today are extraordinary with tools like YouTube and AI." [00:03:07] "Live the life you want starting today." [00:08:39] "Every step in your journey matters." [00:24:50] Action Items: Reflect on your spending and identify areas where you can focus on what you truly value [00:00:05] Plan a family outing that incorporates fun and learning about financial independence [00:17:09] Related Resources: Learned Optimism by Martin Seligman [00:50:44]

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(681)

608 | Die With Zero, Revisited

Brad Barrett's daughter just graduated high school. She's heading to college in a few months. The number of times he'll see her for the rest of his life? Already countable. This realization—visceral a...

20 Jul 1h 13min

607 | Other Mountains I Want to Climb | Diania Merriam

Reaching financial independence is supposed to be the goal—but what if you get there and realize the real skill isn't earning or saving, but learning to spend? And what if the metric for business succ...

13 Jul 1h 21min

606 | Deep Dive: Target-Date Retirement and Bond Funds | Cody Garrett

Most investors think they're buying the same thing when they choose a target date fund—but two people who bought 2025 target date funds 15 years ago could have 40% different returns today. Same target...

6 Jul 1h 8min

605 | Retire in Less Than 10 Years

At 21, Cody Berman appeared on ChooseFI as a college student discovering financial independence. Three years later, he retired at 26. Now 30 with a $5 million net worth, he's back to reveal exactly ho...

29 Jun 1h 7min

604 | Getting Personal With Personal Finance: Bill Yount

Bill Yount reached financial independence at 60—then froze. His financial advisor confirmed 100% security, yet instead of relief, he felt disoriented fog. The emergency medicine physician who transfor...

22 Jun 1h

603 | Crash Proof: The Science Of Stock Market Resilience | Brian Feroldi

The stock market crashes about once every three years—at least a 20% drop. Most investors panic and sell. But if you understood why markets always recover, you'd do the opposite. Brian Feroldi reveals...

15 Jun 51min

602 | FI 201 Beyond FI Basics: Asset Allocation & Market Psychology Mastery

Most investors lose to the market because they're trying to pick winners in a game where only 4% of stocks have created 100% of market wealth over the past century. The math isn't in your favor—but th...

8 Jun 1h 1min

601 | Travel Rewards 101 | Devon Gimbel from Point Me to First Class

Devon Gimbel just booked over $250,000 in travel last year using credit card points—but she's the first to tell you award travel isn't "free." It's a strategy for 10x-ing your existing travel budget b...

1 Jun 1h 17min