Ep 0082 Choose FI, Financial Independence with Jonathan Mendonsa

Choose FI, Financial Independence

Take away: There are tremendous opportunities to life life on your terms, take a small step today.

Action step: what is 1 thing you can take action this week to improve your life.

Money Learnings: Jonathan grew up without a lot of money. He grew up with a safe home but there was not a lot of extra’s. He wanted to do better.

Bio:My name is Jonathan and I live and work out of Richmond Virginia. My wife and I enjoy travel rewards, coffee, board games, Chipotle, and spending time with our two dogs; Zoey and Kiki. We have a love-hate relationship with frugal living and like to find ways to maximize quality of life while minimizing expenses.

I feel I am qualified to talk about the normal path because I have lived it for the last 30 years. At the age of 28 I graduated college as a pharmacist with $168,000 in student loans, Now 4 years later I have clawed my way out and I am pursuing Financial Independence.

My hobby and passion over the last 5 years has become learning new skills and looking for ways to develop passive income streams. I also love to talk about what I have learned. I ran out of people in my immediate social circle to share all this awesome information with. Enter ChooseFI?

I am so excited to get to collect and talk about all the financial life hacks as my side hustle. I know this information has the power to change lives. Turn off the TV and start working for freedom.

Highlights from this episode:

Jonathan knew people had access to information he didn’t have. He wanted to learn from them.
How the world has changed since we grew up.
People know need to learn how to discern what’s the best information for them.
Six figure debt / six figure income! The massive cost of college and the ROI. Does it make sense?
What you earn – what you spend = the fuel to create your perpetual money making machine.
The advantages of home schooling.
Choose FI – Work can be optional.
Save 50% of your income and you can escape the job within 10-15 years.
What is one thing you can take action on this week that move you forward?
Tie the purpose of your why to your goals.
Why are you so busy?
We live in amazing times and we should be grateful.
Who are the 5 people you spend the most time with?
Why health is so important.
Life needs to be approached from a holistic viewpoint.
Hacking travel rewards with credit cards.
Hacking college costs.
https://teamtreehouse.com
Tax optimization strategies