037 - Playing With FIRE Documentary

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0 - 201 Jonathan Mendonsa Welcome to the show guys today we have a very special episode planned. We have Scott Ricken with us today. Scott has spent the last decade leading teams on everything from creative concept to brand strategy and production. He is the founder of '99 Bravo productions which is based out of San Diego California.. His work over the past decade has generated literally millions of views two Emmy nominations and countless other awards. Most notably he directed the documentary inventing to know nowhere aiming to dispel mythical attacks on America's intellectual property landscape. Scott's been trusted by some of the biggest brands in the world including Facebook NBC. Taylor guitars Fox Microsoft and Wired magazine. I got to say that even in a vacuum this would be very impressive. But this is wonderful for us and wonderful for the fi community because Scott is actually setting aside the next year of his life to focus on producing playing with fire a documentary that uncovers the growing community of frugalist mustachians and valueists. Choosing a path to financial independence and early retirement and I'm going to plug this right now. If you want to learn more about this project and his work you can go to playing with fire dot co playing with fire dot co. And you can get all the latest updates. He initially reached out to us several months ago to let us know that this is a project that he was interested in looking into. And we have done everything that we could to support that process. And as a result of that we wanted to bring him back on the show today and give you a behind the scenes look at his entire journey how he found fi how he found the rabbit hole where he's coming from and where he's going with this. So this is a very personal intimate look at what this journey is actually going to look like for him. And also as this is going to directly affect us because FI has never had a documentary although it's shocking to say this stealth wealth community is finally going to get its airtime on a mainstream format that cannot be ignored. And it's very cool to be able to be behind the scenes on this and get a chance to watch it as it grows without any further ado. Welcome to the choose FI radio podcast. OK welcome back. Today we're going to be featuring an interview from Scott Ricans and the reason we're featuring this is because Scott reached out to us several months ago to say basically that he has felt the pull to actually give up a year of his life and create a documentary around the FI community and what is it that we always say the fire is spreading. Scott found the rabbit hole within the last year and went deep down into it and it transformed his life. And frankly that of his family as well and he's making radical changes based on the information that he learned and that he's incorporating into every aspect of his life. So for two reasons we felt that this was an extremely important episode 1 to go ahead and get a chance to explore the decisions that Scott has made over the past year and the impact that it's had on him and his immediate family. But then also in the broader context to go ahead and explore what it looks like to actually give up a year of your life and dedicate it to creating a documentary around this amazing concept this amazing community to explore the perimeters of these wildly interesting characters that don't exist in mainstream America that you just don't know about and you don't know what you don't know until you do and how incredible Would it be to take this message that we all are so passionate about and see it put on a mainstream format like Netflix or Amazon Prime. That's the power of this conversation today. I have Brad here with me in the studio. How are you doing Brad.
Jonathan_Catchphrases, playingwithfire
201 - 212 Brad Barrett I'm doing great Jonathan Yeah this is exciting. We've come to know Scott real well over the last couple of months. And just a good guy and yeah I can't wait to really share him with the Broader FI community.
212 - 215 Jonathan Mendonsa So Scott's here with us in the studio as well. How are you doing Scott.
215 - 218 Scott Riecke Hi guys I'm doing great. It's great to be here. Thanks for having me on.
218 - 234 Jonathan Mendonsa Absolutely thrilled. This is a conversation that we have been wanting to have. We've been trying to figure out how to do it in the right way. And frankly Brian I came to the conclusion that ultimately we should just start with your story and how you found this rabbit hole. Do you want to tell us maybe a little bit about your background and how you got here.
234 - 367 Scott Riecke Yeah absolutely. I don't know how far back I want to go but my wife and I we've been working hard really since high school and we've done well for ourselves. And I think in part because we've had a lot of opportunity and our parents have taught us well and set us up so that we knew debt was bad and we knew we needed to go to college and we needed to work hard and get our homework done and things like that. But through all of that we also have a bit of a wanderlust and adventure streak and you know we moved around quite a bit. I was a Navy brat growing up and I moved around a lot and my wife and I both share that excitement for travel and adventure and we ended up finding ourselves on a little island called core nado off of San Diego. It's a pretty ideal place. We've got Beach we've got palm trees we're next to a major metropolitan city that's growing for all intents purposes it's it's awesome. But despite all of that there is always this nagging feeling that I couldn't shake a nagging feeling that it felt like the more success that we were finding and the harder we were working the more would come up and the busier we would get and the next thing you know We had a baby and our lives changed completely. Our obligations started to mount. Our priorities changed and when I just I felt like we were on a hamster wheel as the FI community calls it. And I would wake up in the morning and kiss my wife and kid and I would head out the door to pay for this lifestyle. But I was rarely enjoying it myself. And when I would actually get the time to enjoy it I couldn't shake this feeling. And so for me I always knew that it was about financial independence. I always knew if we had financial independence that we could make decisions outside of the scope of financial gain. And for me the only logical explanation to do that was to come up with some million dollar idea to come up with some new invention. And frankly I've been working on that for years. I have a million of them they're all ridiculous and I would think about pursuing one here or there and I'd start stoking the flames and call my friends and or people I knew that I thought could help me or get something done. But it would always kind of fizzle because I'd also have to focus on my day job and being an entrepreneur. There's just you want to be careful not juggling too many things at once.
college, debt, travel
367 - 407 Jonathan Mendonsa I love what you have come to recognize over the over that journey and what I've seen is that when you look at most of these entrepreneur type Web sites most of these side hustle type Web sites in a vacuum is just earn more. It's Very one dimensional the way you beat the game is to come up with one single idea that's a million dollar idea and you break the game because you've made millions and millions of dollars. That's where I see almost everybody striving to do what we've recognized now where we're I think we're going to go with this is the missing piece was always starting from a strong financial base and it gives you so much more freedom because it frees you from the hamster wheel which then allows you to then tackle that other side that entrepreneurial side again right.
hustle
407 - 513 Jonathan Mendonsa That's exactly right. And I think what's really interesting about all of that you just mentioned is the entrepreneurial side. There seems to be an entrepreneurial bent to all of this. I think you guys just had Alan on a little while ago and the whole side hustle thing being such a major pillar of fi. It's really interesting I think a lot of people have probably gone down a similar path as I have. But just maybe haven't gone this one step further to to find fi and I ended up diving into the startup culture. And for me I'm actually a bit of a podcast junkie. I'm really a Reddit browser and I really like to read. I'm not so much of a blog reader or I hadn't been and I had dove down the rabbit hole of podcasts and found a lot of side hustle type podcasts that focus on startup culture or raising money. The dorm room tycoon was one Pat Flynns podcast entrepreneur on fire and that all took me down a rabbit hole. Also being in the creative space listen to chase Jarvis live when they first came out and that is when I found Tim Ferriss and I was aware of Tim Ferriss via the four hour work week. But I never read it I just would always see it on the shelf at various marking agencies or co-working spaces that I was around but hadn't actually read the book and I started listening to his podcast and this was right around the time that we had our baby and we we were in the middle of a move and I had a lot of time to listen and so I took a deep dive into the Tim Ferriss podcast and learned a ton. And but at the same time through all of this learning you know I never hit on an idea that I found was was impactful enough or big enough to really pursue to the extent that I knew I would need to to succeed. And that brought a ton of stress.
hustle
513 - 539 Jonathan Mendonsa Its that its that component that when youre trying to just increase your income to outpace your lifestyle creep and with every additional dollar you get you just get the next thing on that bucket list that inevitably has some cost attached to it. And usually its recurring cost. And so the bar keeps getting raised Which then raises the ante for the level of side hustle or business that you need to create or the level of awesomeness or the next idea you need to have and when you're just looking at the problem with that from that one dimension you can't win.
hustle
539 - 602 Scott Riecke And guys if anybody knows anything about lifestyle creep it's me. When my wife and I moved here to a coranado of our first place was 565 square feet. All right we lived really minimally. We kept our bikes on our patio. We didn't have kids. We lived in a little one bedroom with our dog and we paid I think something like nine hundred or eleven hundred bucks a month which at that time it was 2012 was at the bottom of the market and that was expensive for us it was very expensive for us. And and through the five years that we've lived here in cornado We've upgraded three times and each time the rent would go up and we would have other additional expenses and then we had more space so we'd buy things to fill that space. If anybody knows lifestyle creep it's me and we got all the way to the point where we're living in a three bedroom three bath is about 1400 square feet. We're paying 2850 a month. And I'm looking at that going. I think that's that's like a mortgage on a 15 year mortgage on a 400 425 $450000.
602 - 635 Brad Barrett Wow. Hey Scott. So that's tripling your living expense in just a handful years. Right. So you have 900 and change to 2800. So I mean talk us through because we're always curious about like the psychology behind why people make decisions. Right. So like you guys I assume many of these three moves happen before your child is born. Right. Like. Talk us through the actual decision making on hey we have this 560 somewhat square foot. It's like why do we need the bigger place. Why do we need the next bigger place. I'm just curious if you don't mind.
635 - 655 Scott Riecke Not at all. The first place I think we had a pretty good reason we ended up we secured the place before we actually moved here. And what we learned later was that we were living on the road where the ambulance would come drop people off at the E.R. and the middle of the night we were getting woken up quite often.
655 - 663 Brad Barrett I'm someone who sleeps like a hermetically sealed room essentially like with white noise machines and stuff. So yeah I can understand not wanting an ambulance right next door.
663 - 674 Jonathan Mendonsa That is hilarious. I actually remember at the camp mustache that we're at beginning the year. Brad actually moved out of the room that he was in and found a closet in an abandoned area of the building.
674 - 679 Brad Barrett And you know I literally slept in a closet but it was great. I had a single light.
679 - 679 Jonathan Mendonsa That's awesome.
680 - 682 Scott Riecke Yes. You guys get it.
682 - 684 Jonathan Mendonsa That's intense. I can definitely understand that first move.
684 - 780 Scott Riecke Yeah the first move makes sense to me too. But as we started to look around the island you know the other thing was we had been here for about a year year and a half and we had kind of found our place here and started making more money. So we had a little more money to spend. And you know you start looking around again. Well if we spent this much a month what could we get and this much a month what could we get. So we found this high rise just south of the iconic hotel Del. Right on the beach. They've got like nine different towers with five pools and the pools are right on the Pacific Ocean. I mean it's an insanely beautiful place to live. It was just kind of a special place and it was on the ninth floor we could see we had a view of the bay and on the other side was the ocean. It was it was pretty insane. And obviously we could talk ourselves into justifying a higher rent to live there and that just continues once you move in there you got to have some stand up paddle boards you've got to get your surfboards. You've got to get a rack on your vehicle to transport those around. That's one of a million examples. And the next thing you know you know we're we're not really saving a whole lot more even though we're making a whole lot more. And that has continued all the way up and now. Now with the child. To be honest that place that place was something like seven or eight hundred square feet and it was a little tight. We had a little Harry Potter baby. She was living in a closet. We sort of we sort of we sort of redecorated our closet to be a little nursery and it really worked for us for a while but we saw the writing on the wall. Our baby was going to grow and the closet wasn't going to work anymore so.
780 - 783 Brad Barrett Covered under the stairs.
783 - 814 Scott Riecke Quite literally. So we definitely needed to find more space. But what a daunting task. Once again and remember this is now a couple more years down the road and the economy is improved and people are moving here and the secret's out. Coronado is definitely a place everybody or a lot of people have heard of at this point. And honestly I remember when our beach one like number one beach in the country three years ago I want to say and I'll never forget that summer it was chaos. I mean the amount of people walking down Orange Avenue was incredible.
814 - 820 Jonathan Mendonsa Never been so disappointed to get recognition for something for a place that you loved. It just it felt like a stab in the gut.
820 - 849 Scott Riecke Absolutely. Absolutely. There is something to a best kept secret and it is no longer best kept secret. And so trying to get out of that tower and onto the island with a little more space was was daunting. We ended up making it work. My parents living here for so long they had some connections and we knew someone who had a place. And we ended up getting in it. What's really funny is it's an amazingly reasonable price for the island. Two thousand eight hundred fifty dollars a month for a three bedroom three bath 1400 square foot place with no yard.
850 - 891 Jonathan Mendonsa Can I was you on that and just say for a second what you just said there is the logic that I think millions of people use to just stay fixed in their current environment and they never look outside of that and they say well my you know everybody in this geographic area is paying thirty six hundred or $4000 for something about the same price because I'm paying 2850 we just shouldn't complain. This is perfect and you're never willing to look outside of that. And I think what's interesting about where this story may be going soon is that when you do decide that that construct is false and you decide to take a further step out you can turn the game on its head and many people will never consider this. They just won't they won't even take a second look at it.
891 - 1009 Scott Riecke I totally agree. And so yeah it's to get back to my little journey once I found Tim Ferris's podcast that was just a listen for me or weekly and one day I'll never forget it it was February. I believe it is February 13th of this year. Mr. Money Mustache pops up. How to live frugally on 25 to $27000 a year. That podcast literally opened my eyes. I was listening to this and thinking "what?". these are ideas that I I always dreamed of but never knew existed. And then to find out as I started diving down that rabbit hole that there is a whole network of people focused on hacking the system and living a life of happiness by gaining financial independence. That was that was actually a line I hadn't drawn yet for myself. The idea that you could pursue a life of happiness and focus less on your financial gain or how much you're making or what kind of cash you're bringing in but that this was really all a pursuit of happiness. That was amazing to me and the other side of it was this idea of retiring early. I'd never heard of that before other than people who had hit it big or get their startup funded and then sell for billions. You know things like that. And what's really funny too is I wonder if other people had the same nagging thought. But I hear about people making tons of money in at 5 10 million dollar and. And they were still grinding it out you hear about them later especially on all those startup podcast I was listening to you hear about them just grinding and stressing over the next big idea and I always thought to myself if I did that I would be going and buying my cute little place in that sort of small to medium sized town and that would be it. I mean but that being said as an aspiring jack of all trades master of none. Early retirement means I'd have more time with my family and more time to pursue interesting trades and crafts and experiments and things that strike me daily. And that to me sounded like I don't know the best life. And so this just totally resonated with me on levels that I'm sure most people can understand on this podcast.
families
1009 - 1015 Jonathan Mendonsa but you're definitely talking to a very friendly audience and I think a lot of us are soaking this idea up right along with you.
1015 - 1044 Brad Barrett And it's interesting to me that you listen to these podcasts and you thought while you had these thoughts in your mind you thought it was impossible right. You thought it was oh I need to have an exit for ten million dollars to do this. And then I assume because I listened to that Tim Ferriss episode as well and I know that the number is nowhere near five to 10 million for Mr. Money Mustache. So I mean that must have just really caused this paradigm shift in your mind to wow this is impossible. Oh this is for a select tiny minority of people to. Well maybe this is conceivable in my own life.
1044 - 1170 Scott Riecke That's exactly where I went. Brad and yes. Yeah that's exactly how I felt. To not only hear about ways to reposition the way we think about our spending and that's something we'd always thought about. We talked about we downloaded Mint. I had started to attempt to set up budgets and things like that but we would always kind of fall off the wagon and not really take it seriously. A couple of months we decided oh let's give ourselves $500 cash a month and kind of. We were trying to find ways to rein in our spending responsibly and whatnot. But you know there was never a huge incentive to because we were doing all right. We were saving we were definitely saving in our 401k and in our Roths and things like that but but we never really saw our savings account go up and that was that lifestyle creep that kept coming in even though we were making more. And so to find this idea that wait I don't need to make $10 million dollars to retire early. The idea that you could actually sort of take a slow sip on on your earnings for a long extended period of time and that it wasn't that difficult to realize was a game changer it was a total game changer. And then what was really cool was to go from learning all of that to then discovering the frugal woods. And JL Collins and the wealthy accountant and the mad Fientists and coach Carson and Vicki Robynn all of these people that were sort of they were either talking about what it was like in practice or going down a deeper rabbit hole on some of these various themes and ideas and ways. It was really cool to see that and to see that there was more options to sort of soak up all of this information and I'm sure you guys understand you know once you get excited about something you can't get enough. And so yeah it was just amazing to us to learn about all these fascinating folks who had really set up a lot of blogs and podcasts to share their experiences and learn with others. What I what I loved about it the most. What I loved about the absolute most was I found an incredible community who actually seemed to treat each other with respect. Expand on ideas they challenged each other and seemed to get to know each other even in the comments sections of blogs I mean how many online communities can you say that about where you actually see respect.
401k, accountant, roth, savings
1170 - 1198 Jonathan Mendonsa One of the things that's interesting and I'd love to hear your perspective on this is so you have now found the FI community and you've gone deep and you found all these influencers that frankly have had an impact on my life as well so I can appreciate what you're saying. But now what I'm wondering is you've kind of been a victim of lifestyle creep if you want to say or you've let this lifestyle creep occur for the last several years and now you've decided to make a change but you're also married your wife was she on board with this.
1198 - 1313 Scott Riecke Exactly. So my family they know that I get excited about things. And then I kind of get all consumed by them and there's probably a little bit of head patting going on and OK here we go again and I think they all love me for it but but this was something that wasn't going away. And basically I started to slowly share my discoveries with my wife. And honestly the discoveries were met with a whole heck of a lot of skepticism and that's probably part and due to my fall in the sense of what she's used to but also I think some of the things I was telling her because I would really share the big discoveries the big aha moments. I honestly I think they are probably just too good to be true to her. And so what I did was I slowly started to sort of tease some articles to her and I can't thank Mr. Money Mustache enough for this. Forever is that. I think what's so special about him is the way he puts things into perspective. It just it's hard to argue and they're so well-thought out well researched and well-put that they're hard to argue against. And so that whole skepticism because you're hearing all these ideas probably for the first time and you've never heard them before and you and I think that one of my first thoughts and I believe one of my wife's first thoughts was why isn't everybody doing this then. And you almost say it in the sense of so I don't believe you. And so you know and said that that was that was really exciting. So I would share some of those major blogs with her. I think I honestly set up the path that Mr. Money Mustache sets. Think about four blog posts that he recommends right off the bat and I tease those out. I tease them to my wife I teased them to her parents and my own. I wanted people to read these things and and you know I waited a little while I was actually patient because I knew that I knew I shouldn't take all that credit. I had a gut feeling that this was a big deal and I wanted to do it right. And I got really lucky. I actually had a stroke of clarity one day and realized I should look into this and see if there's any suggestions on how to introduce this.
1313 - 1321 Jonathan Mendonsa So you decided to use a strategy that. You decided to leave the blunt hammer at home.
1321 - 1324 Scott Riecke I thought a soft touch might actually work in this case.
1324 - 1340 Brad Barrett Yeah it's got it's so funny when you're describing yourself as somebody who dives into things and the people around you you people who love you kind and maybe look at you like oh here he goes again. Jonathan I looked to each other. We're both thinking we do the exact same thing. Jonathan maybe a little more than I do.
1340 - 1342 Jonathan Mendonsa Brad is pointing at me trying to be nice.
1342 - 1345 Brad Barrett I was pointing to him cuase he sounds like the exact parallel.
1345 - 1352 Jonathan Mendonsa If My wife were listening to this right now she would be like ugh another one.
1352 - 1500 Scott Riecke You know like I said a moment of clarity and total stroke of luck. I had managed to bring a little strategy into it and I found I don't remember anymore how I found this or who I was listening to or what I read but I loved this idea of framing it around happiness and I knew that that would be the way to my wife's heart and into her mind because I know that that's important to her. You know we do share a lot of the same interests and goals and that's why we're happily married and I know that this is a major point to the fire community and I have heard this discussed on your podcast and in many other places and it's funny to hear. I believe Jonathan you're even talking about the dynamics between I think it took you a while to come around. It's interesting to hear people's hesitation towards this and I'm sure there's a whole ton of reasons for it and it probably stems a lot from people's past probably to some extent some fear of the future. But for my wife and I if we're anything we do try to pursue happiness and enhance hence moving to this insanely expensive Island. Well everybody says that's crazy so let's do it. And so I just asked her to write down a list. I said please just write down five to 10 things that make you happy on a weekly basis and the weekly thing was interesting because one of the things I've learned from this I think one of the most impactful lightbulb moments for me heading down this path has by far and away been this idea of stop looking at expenses on a monthly basis and look at it on a 10 year basis. That is a game changer for me regardless of whether we even invest our money well in the future or if the stock markets have been on an absolute tear start crumbling down at the very least. I know that if I'm looking at the long term ideas of 10 years if I'm looking at the long term implications of our financial actions over 10 years that we're going to be better off. And so to put that a framework for her I thought this is going to be a long term process. So let me start thinking about what the short term implications are. And when it comes to happiness I thought OK we'll write down a list of the five to 10 things that make you happy on a weekly basis. And I actually I brought the list with me I thought we might talk about this today and I have it right here. And here is my wife's list. Read her baby a book. Listen to her baby laugh. Have coffee with her husband have a glass of wine at night. Eat delicious chocolate. Ride bikes with our family. Go for a walk and spend time with parents and our family.
stocks
1500 - 1503 Jonathan Mendonsa I notice that spending money is nowhere on that list.
1503 - 1514 Scott Riecke The only two things that cost money are wine and chocolate. And so I thought to myself there's the compromise. You can have your wine in chocolate if you will follow me on this journey.
1514 - 1523 Jonathan Mendonsa I love it. I've never heard that anywhere else. And my wife will soak that up as well. I'm absolutely going to duplicate that. But that is fantastic.
1523 - 1589 Brad Barrett And yes the focus on happiness is what I know I talk about all the time here in this part yes. Fi allows us to kind of step outside of our regular lives. Right. The hamster wheel that we talked about earlier. Everyone just goes through the motions and you just kind of do things habitually and you don't think about it right. You don't put the space between the stimulus and the response. It just happens automatically. And when you stop and say oh wow there's a different way to look at life. Take that pause then you can focus on what's important and the way that you approach it with your wife I think is absolutely brilliant which is focusing on happiness right and realizing that these things are about connection human connection. I say this over and over here and every single thing on this list is is precisely that. And it costs very little money. Wine and chocolate so that I think was a brilliant way to approach it. And when you frame it in with happiness and long term happiness and then oh financial stability for decades to come. I mean this is such a winning strategy and such a winning approach to life. Yeah and I'm very impressed. Just wanted to jump in there with that.
1589 - 1642 Scott Riecke Yeah that's great. I agree. And the other thing that was really interesting about this list was nearly all of these things were agnostic to our location. This beautiful and insanely expensive island of corn Ahto in the beautiful and certainly expensive state of California. Ultimately we can ride bikes go for a walk spend time with their families listen to our baby laugh nearly anywhere. And so that really took me down another rabbit hole which was do we need to leave. And California the state income tax here is pretty nuts. It has to be one of the most expensive states in this country if not the most. I think New York is right up there. Maybe Illinois. I started looking around and my wife is actually from the Pacific Northwest. I'm from the Midwest and Washington state my wife's from a little town outside of Seattle and Washington State as zero percent state income tax.
families, tax
1642 - 1643 Jonathan Mendonsa Geoarbitrage at it's finest.
geoarbitrage
1643 - 1649 Scott Riecke Let's go Tim Ferriss. I did a little research about I believe he. He actually coined the term Geo arbitrage.
geoarbitrage
1649 - 1651 Jonathan Mendonsa Is that his ownership Brad.
1651 - 1657 Brad Barrett I don't know. I mean I know he's been talking about that for a decade at least So yeah one wouldn't shock me. But yeah I'm not sure precisely.
1657 - 1660 Jonathan Mendonsa He might he might have made a point there. I'll have to look into that.
1660 - 1699 Scott Riecke Yeah and geo arbitrage was for me the easiest first step because we don't mind moving or at least I don't being it being a Navy brat I moved like 13 times before I got to high school. And so I started looking around and realized and I'll share some some details with you guys. I realized that if we moved out of the state of California and were able to continue to earn the level that we are earning we would save close to $20000 a year just by moving to another state and I did a little calculation and if we were to invest that 20K into investments over 10 years with a 5 percent rate of return we'd have 251,721 dollars just for moving.
geoarbitrage
1699 - 1700 Brad Barrett Wow. That's amazing.
1700 - 1710 Scott Riecke That does not include the cost of living savings that We will absolutely achieve moving out of one of the most expensive zip codes in this country.
savings
1710 - 1732 Brad Barrett Right because everything is less expensive when you leave those high cost of living areas. I know yeah when I left long Island New York and moved to Richmond. It's everything it's things you don't even think of. I mean obviously food. But even just like car insurance my car insurance is maybe a quarter of what it was on Long Island. And it's just you have many many of these things so yeah. I totally hear you.
insurance
1732 - 1737 Jonathan Mendonsa And one of the things is your business is more or less location independent. Right. Am I right about that.
1737 - 1772 Scott Riecke We are very blessed. My wife is she works remote and her work is remote. It is focused on the west coast so we will have to stay on the west coast probably the further east we can go is Denver. And for me as a video producer there is there's a lot of work all over this country and I've established a pretty successful video production company with a couple of guys here in San Diego. We've done very well for ourselves. But you know I would say 80 percent of our work was out of town. And so it is very location agnostic. So we are we are very blessed in that in that light and honestly we intend to continue to pursue interests that we'll be able to keep us remote.
workfromanywhere
1772 - 1837 Brad Barrett Hey Scott so just to go back for a minute to you sent a quote there that it was really fascinating to me the easiest first step. You said was moving. And now that is fascinating because for most people that's the hardest step. You know I know a ton of people from back home in New York who I talk to about this and it sounds great in theory and they'd love to make a move like we did but there's just that pull of home right. And it's not easy to leave family and friends in a place that you've known for decades. Now I understand obviously like you said you're a Navy brat and you've moved around but it sounds like cornrow is home at this point for you or to me when you said that like the easiest first step is moving that. That's a very interesting statement and I'd love to hear like so from when you first approach your wife with Hey I heard this podcast. Let's make a list of what makes you happy to We're moving. You know like. Talk. Talk me through that process because that's not like for most people that's not an overnight thing it's not like in one week we decide hey I listened to our podcast we're moving like. Talk me through that.
families
1837 - 1977 Scott Riecke This is the impetus for a lot of the eye rolling I get from my family I get a little ahead of myself and thank you for bringing me back down to earth. You're right. I look at it like that. My wife does not she grew up living in one place her whole life. And like I said has that wanderlust. But absolutely cornal has become home to both of us. But I think it's going to be a lot harder for her to move than it is for me. I've moved in moved out of this place so many times it kind of feels like second nature. I don't get tied to one place but I totally understand that. And I honestly you know my entire family from my mom and my dad side nearly all live in one small town in Iowa. And I am blessed to be able to go back and see my huge extended family. And most or all of them when I go back. And so I understand the pull to stay in a place like that where you do have that extended family and you have that help for childcare and for all the little things that come up the support system of family can't be denied. There's no doubt. And I think something that's really important to mention here is you can pursue these things without moving. There is no doubt about that. I mean just getting a grasp on your expenses and knowing where to put the excess money is by far and away a lesson that I don't know about you guys but growing up I don't know a lot of people that really had a huge education in that and if they did they weren't sharing it with me. And that's what I love about this so much is that there's so much sharing going on. But to get back to the moving idea is for for me that was the bet that was the easiest short term decision to make to find major major gains. And that is specific to our situation being how we live in an incredibly expensive zip code in an incredibly expensive state. I would say people who live in those expensive states probably feel that and know and feel that a little more coming from me. But there's there's a lot of places in this country that just don't even touch this cost of living. And so so for us in our particular situation that was a main driver but this wasn't a decision that happened overnight and we looked at it really hard. And one of the things that I kind of came to use has sort of an impetus was I'm in this job that's 9-5 that keeps me away from my family. If I get out of that job and we move our savings alone from making that happen will justify me quitting my job. And so if I give myself a year to pursue a documentary and really pursue my dreams as an independent filmmaker I mean who can argue with that.
families, savings
1977 - 1991 Jonathan Mendonsa So what is that actual conversation looked like with your wife. How do you go about saying you know what let's do this let's make this actual move. We know that we can make it work. But how do you actually get her to say yes to this vision.
1991 - 2040 Scott Riecke Yeah. So the thing is is whether we moved a Washington or not. It was it's really about this geo arbitrage idea and that was something had me moving my wife out of this place that is so ideal and perfect for her was not going to be easy and and you know it's not absolutely necessary by any means but for me I started thinking about it and I realized OK we're paying an insane amount of money in rent. We have two full time jobs. We need to pay a nanny to watch our child. Now I'm paying somebody to watch my kid when I would rather watch my kid and I'm going to work to raise the money necessary to pay that person. So half of my day is spent just working so that I can afford to have somebody else watch my my child.
geoarbitrage
2040 - 2042 Jonathan Mendonsa Feels like a hamster wheel.
2042 - 2215 Scott Riecke That is the definition right. And so I start looking at that and thinking OK not only will we save X amount by moving from this state to a state that's cheaper because nearly every state in the country is cheaper than this one, we'll also save so much money on rent on child care on cost of living in general. And I started looking at that against my own salary and realized that we could maybe make this into sort of an adventure. Why don't we spend some time looking into the places we're considering thinking about moving to. I mean my wife and I have been sort of you know Zillow addicts for years where we'll just kind of go on there and look in our own areas or look in what we hear is an upcoming neighborhood or a look in other cities that maybe we go and explore or visit just to see what the cost of living is like we're kind of we love real estate we always have. And so we started looking into some of these various cities we looked at Bend Oregon and Boise Idaho and Fort Collins Colorado and Spokane Washington and these are all areas where we feel like we can really hit some arbitrage where the costs of living is significantly lower than what we're accustomed to. And I thought why don't we make this a year long adventure. I had a job that I was going to 9 to 5. I liked the job but I was spending a lot of time there and I didn't feel like my returns were more equal to that amount of time. That cost of living was actual life with my family. That was at the cost to me. And so I sort of came to my wife and just pitched this to her. Hey what if I quit my job. What if we go across the country for the next year. And what if we go live with your parents for a couple of months up in Seattle in the summer when it's absolutely perfect and then we go to Iowa and live with my parents for a couple of months in the fall. In Iowa when it's absolutely beautiful and give them a chance to spend as much time as we can with our kid and there's nothing better than that. And then after we've geo-arbitraged with our in-laws for a while we've saved up a nice amount of money and we can go and spend some time in these places that we're thinking about living and really understand what it's like to live there spend a month there instead of a weekend and make a really rational and educated decision on what's the next place where we can still achieve a lot of the same things that we love about Coronado. You know like bike riding, and parks and a sense of community and being able to bike ride to the grocery store and all and all these things and that was sort of the push and I pitched it to her and it wasn't like an overnight success thing but one morning we were a bike riding over to swim lessons actually with our little like 18 month old. And it's just like the best Saturday morning you know heading down to the pool and she's all excited with her little helmet and it's just like it's so perfect and we're just we're happy but and that makes it even more difficult to make this decision. And I'm riding alongside my wife and I'm thinking what's going through her head is probably I can't believe he's making me move and she turns to me and says What if we get a camper and do all of this on the road.
geoarbitrage
2215 - 2216 Jonathan Mendonsa Wow.
2216 - 2221 Scott Riecke I was like ah I love you.
2221 - 2287 Jonathan Mendonsa Well there's so many different things here. One is that you're fixated now on the pursuit of happiness that you're thinking how can I game this out to claw back my time and increase my happiness and that of my family and what you find is that money goes from being the primary focus to now a tool that you can use to buy your freedom and also allow you to pursue this happiness. I think that's kind of this restructuring this reframing. And I loved that as you start to get closer and closer to this law concept that Reframing is the same thing that has occurred in my life as well and what I find ultimately it is not the pursuit of money for me getting a larger paycheck does not ultimately do it for me in fact I'm willing to make less. In order to have more happiness I think I think that's just a very interesting kind of reframing of a situation and it doesn't have to be that way certainly you could make more you could hit it big. But when your focus is the pursuit of your family's happiness you don't need to make the multi six figure income you're able to make decisions based on what will make you happy and it's not necessarily about income either.
families
2287 - 2303 Brad Barrett You're talking about major major expenses that you're going to cut out immediately. Right. 20 50 a month is $34000 a year plus if you're paying a nanny which you're talking about I mean I imagine that has to be fairly expensive in California. Right.
2303 - 2307 Scott Riecke So we were paying twenty five hundred a month. For childcare.
2307 - 2329 Brad Barrett Holy cow. OK. That's even more so just right there. That's $64000 a year and that's after tax money. So I mean that's crazy crazy. I mean if you're in a high income tax bracket that's a hundred grand of pretax income. I mean just spending on your nanny and on your rent. So I mean that is gone. I mean that's one hundred thousand dollars annually. Yeah that's absolutely incredible.
tax
2329 - 2335 Jonathan Mendonsa So now take that and put that in your 10 year projection. A game changer.
2335 - 2367 Scott Riecke That's exactly right. And you know the light bulb from my wife that got her to the point where we were riding our bikes to swim lessons and her suggesting that we rent a camper or buy a camper for a year was when I ran the calculations on the length in which it would take for us to retire based off of a few parameters. We I said to my I showed my wife if we can get our expenses down to $50000 a year which I think is relatively reasonable. And from what I hear is very reasonable according to this community online that I've been researching.
2367 - 2369 Jonathan Mendonsa It's pretty much impossible in your current environment right.
2369 - 2568 Scott Riecke Almost literally impossible in our current environment. Yes we could do it in San Diego but we'd have to move so far east we'd be living in 120 degree desert. And so yes it's nearly impossible where we're at. And I ran that and I said OK if we can maintain our earnings and get our expenses down to $50000 a year with our current net worth we're projected to retire in about five to seven years. And that is, that was so pivotal for me for her. That was met with a ton of skepticism at first but I think that started to wash over and I think that's I think that started to really frame it out for her. She was saying OK even if you're wrong on a pretty decent scale we're still looking at 10 or 12 years let's double it. Say 14 that's still significantly less time than we had assumed prior. And I think that's really what got her there. And so that was that was our journey and you know for me I really I really started thinking about it and I thought we're in a really unique position. We I'm quitting my job we're picking up our life we're going to go check out a bunch of different states and it's going to be hard. I'm talking about this with enthusiasm guys because I'm excited. I'm personally excited for the journey for the adventure and I'm used to this stuff. You know I was brought up this way but not everybody is. And I just want to make sure it's very clear. I know that there is going to be a lot of trial and tribulation. This is not going to be all roses all the time. And at the same time I thought you know one of the things that this community has given me is this lightbulb moment this idea that we can actually get out of this grind out of this hamster wheel. Spend more time with our family our daughter becoming happy and ultimately this takes us down a lot of other paths where if we have that much free time and we have additional capital you start looking at effective altruism and philanthropy and things like that that I have always wanted to pursue. I mean everything from the lionfish taking over the coral reefs in the keys to cleaning up the beaches over here on the West Coast to cures for the blind I mean there's a lot of pursuits that matter to me that matter to my wife that we would love to spend time doing but we've gotten ourselves in a situation where we don't even have the time barely to spend with our family with ourselves with our friends to have extra time to spend on those in need and all of this just adds up. And I thought we're in this really unique position to spend the next year of our life pursuing this. And what if we can document that and while we pursued this can we go around and actually meet these people that have given us such a gift and learn more from them learn who they are or learn about these eclectic characters. This mishmash of people all over the world who have come together online to figure out a way to hack our our lives in today's society. That is such an exciting story to tell and to think that I could somehow allow and give people a perspective to eliminate as many excuses as possible to pursue this lifestyle while also showcasing the incredible characters that are involved in this community. To me that's that's a pursuit worth taking a year off for, taking a year to explore. I don't know how I'd lose in that situation. So yeah that's what we decided to do and my wife's on board and super supportive and she always is and she thinks I'm crazy and we'll see how it goes.
families, networth
2568 - 2631 Jonathan Mendonsa Wow that's incredible I can't believe how that story comes together. That's a lightbulb moment for me on so many different levels and it's such a contrast because most people especially those stuck on the hamster wheel spend all their free time their very limited amount of free time just doing laundry and landscaping because every other minute they have is dedicated to their 9 to 5. I want to be in the community that has utterly crushed the hamster wheel by being willing to make some slightly more optimized choices over an extended period of time. They have purchased their freedom and now they can dedicate that space to the people they care about and the projects they get passionate about. They're exploring these ideas like this effective altruism. How cool is it to have this community that's focused on these ideas to see what these people are doing with their free time to see how people come from different walks of life and explore this very cool world where time is a tool that they have in their back pocket. What do you do when your entire day is not locked down to the mundane activities of the hamster wheel. Very inspiring. Scott thank you so much for sharing.
2631 - 2679 Brad Barrett And Scott what I'm struck by is time but in a different way. So we're actually recording this on July 13th and the Mr. Money Mustache episode with Tim first came out on February 13th. So that's five months. Right. So you got in touch with us. What has to be probably two months ago at this point. Right. So three months. You made the decision you knew nothing about this. You dove in as much as you possibly could. You had this life changing conversation with your wife and then decided to take a year of your life on this adventure and create this documentary that is some remarkable timeline in every possible way. Right. Like that it is truly incredible to me. So leading up to when you got in touch with us when you got in touch with other people in the FI community when this documentary became became real.
2679 - 2840 Scott Riecke Absolutely. You know I had been diving into all of this all of these resources online and I came across your podcast by searching for podcasts that Mr. Money Mustache had appeared on or had been talked about on you know soaking up radical personal finance and the mad Fientist and I found choose FI and I thought one of the things that you guys gave to me and my wife was the pillars of FI episode that episode was one that I said to my wife early on and she came back from a she was driving up to L.A. on her on a work trip and on the way back she asked me for a podcast listened to and I sent her that one. I felt like that was a really nice succinct way to sort of put all this into a bottle and say here this is essentially what we're talking about doing. And she came back raving about how she felt like Jonathan and Brad were guys that she could relate with and that was something that I hadn't really realized before that she was looking for something maybe a little more relatable. And I even had put that particular episode in an email that I was starting to send out to friends and family who I would inevitably talk about the subject matter with and they'd asked me for more information. So I ended up putting together an email that kind of laid out in succession how they should consume the major ideals and that included some blogs from some blog posts from Mr. Money Mustache and about Mad Fientist and some podcasts like Tim Ferriss and from your podcast. And I felt like it absolutely fit within that framework. But she came back just so excited because she felt like it was so relatable in a way that she could take it in and really process it and maybe even share it with her friends and her family in a way that made her comfortable on so I can't thank you guys enough for that. But that was a major major pillar of what brought me to you in the first place is I thought OK if I'm going to make this documentary I need to start meeting people within this community and start getting to know them and and start getting on their radar. To be honest because I've been doing video production for a long time and to get in and interview somebody to get in and to learn more about their lives. You know there's a there's a major level of trust that needs to be established and there's that barrier that needs to be broken down very quickly and with you guys seeming so relatable. I thought it might be a great way to sort of kick everything off. And knowing that you had an up and coming podcast and yet that brand had been a part of this community for a long period of time I thought what better way than to talk to you guys and hopefully kind of throw this idea off of you and see if you guys think it would be a good idea. I believe the first time we spoke I even asked the are you familiar with any other documentaries out there that I haven't found. Just to make sure because I honestly to some extent I felt like pinching myself when I when I realized that there hadn't been really any extensive video work done around this community at all.
playingwithfire
2840 - 2885 Jonathan Mendonsa It's shocking isn't it. I think I've mentioned before I mean I was just watching one the other day called fed up talking about processed food. I've seen actually I haven't watched all these but I know for a fact that there have been several documentaries about different subcultures. Anything from King Kong looking at arcade subculture to dog town and the Z boys looking at skate culture health and wellness has gotten several documentaries as well and mentioned fed up earlier but more like the bodybuilding vein you've seen things like pumping iron. I mean and certainly there have been thousands of documentaries that have highlighted unique aspects of different cultures. There was an entire documentary about people that appreciate Star Trek but how is it that somehow we have missed the stealth wealth community. It's it's crazy to me that this is just gone under the radar.
Jonathan_Catchphrases
2885 - 2952 Scott Riecke Yeah I think the minimalists are the closest thing I could find. And you know I think that they have some really nice messaging in that in that documentary. But ultimately it really just scratches the surface of what we're talking about here. And this is something that I just feel so compelled to share with the world and I think it will benefit so many people. Honestly I don't mean to have delusions of grandeur but I think if if this is if this was something that was taught in college in high school how many people would be less angry and how much better off would we all be and how would how would we make decisions as a society as a country if everybody had this type of knowledge that could really de-stress our lives and get us off of this hamster wheel with which just doesn't seem to be working or helping. By the way this doesn't mean that we all need to go quit our jobs and live on a farm. I mean that's not what this is about. And some people may do that and that brings them happiness and that's great but it's not to not pursue things that matter. It's just to pursue them in a way that keeps happiness on the forefront and allows us to to advance in a way that's not also slowly killing us.
college
2952 - 3014 Jonathan Mendonsa That reminds me of something that I've heard Brad say many times specifically that the less angry part was very striking to me. And I think just separating yourself from that paycheck to paycheck mentality. The other half of what you said is how this is truly life changing. I think that's the point I was getting to when I was talking about some of those documentaries earlier. There are lots of documentaries that are informative that give you information but they're a much smaller subset of documentaries that are truly life changing and I just think to some of the reviews that we've seen on iTunes how many times someone has said life changing information and they're not saying choose FI is life changing they're saying this concept this idea of fi changed my life. It was my lightbulb moment. I'm switching up everything because I had this epiphany and that's what documentary can be that's what this idea can be. And the biggest thing is you don't know what you don't know until you do. And I can't imagine a better way to get a message that can change your life than to put it on a mainstream format to get it to get it into some sort of media distribution platform like Netflix or Amazon Prime.
3014 - 3111 Scott Riecke That's exactly right. I mean that's the goal. And so and so you know I started thinking about the characters that needed to be featured in this documentary. And I think there's plenty of people that I think should be in this documentary but there's plenty of people that I haven't heard of or haven't met yet who may also very well be perfect for this documentary. I want to be involved in this community as much as I want to get outside of the community and get varying opinions and get different points of view but ultimately share the value that this community brings and show all of its reach. And so yeah I reach out to you guys and I know we plan to film out in Richmond in the coming months. I'm very excited. I've been connected to Finconn in Dallas will be going out there. I'm really excited to hit Dallas. I am going to be joining the first week of the Chatauqua out in Ecuador. I can't wait for that. I'm hoping to meet and get to know a lot of the people out there who are featured speakers and guests and Cheryl who runs it. They've all just been amazing and I can't wait to share that week with them. I have been invited to the camp mustache se in Florida and hope to spend a few days out there with that amazing community and yeah and we'll see where that takes us. That's kind of the beginning and we're just getting started. It costs a little bit of money to travel around and put people up in hotels and get an audio tech and maybe P.A. And there's also the production considerations to take into account there's is going to be gear rentals and in crew and and meals and all those things so yeah hopefully we can raise a small amount of money to make a huge impact.
chautauqua, fincon, playingwithfire, travel
3111 - 3160 Jonathan Mendonsa Absolutely Scott and I can speak for Brad myself though. We want to support you in this project in any way possible and so we are going to do our part to help spread this hopefully among the fi community in general so there's more people talking about it. Obviously we'll be continuing to mention it on our Friday roundups and upcoming shows so we are thrilled that you've brought this project to us and frankly we're thrilled that you're doing this from the inside instead of someone looking at it from the outside and saying ha let's go ahead and film these people and see what they're doing inside of this little glass box. This is someone that has found it and you're making radical changes in your own life and you're wanting to share how awesome this journey has been for you with the watching world. And I think that is the reason that Brad and I are so excited about you being the one to do this project.
3160 - 3248 Brad Barrett Yeah I think it's the perfect story really because to imagine that you just found this concept five months ago and you're spending your entire life because you feel so strongly about it that is really impactful to me. And like we always say here the fire is spreading. Right. That's our entire concept because we truly believe that FI is a life superpower and it's a way to reframe life where you focus on the important things you focus on the people in your life. You focus on happiness and that is why we want to spread this message. And Jonathan and I are very aware and we try to say that choose FI is not about us and certainly the FI community is not about us at all we are just trying to spread this message as much as we can from our little corner of the podcasting world. And I think people are resonating with it like your wife did. Right. She heard this message from two just normal guys. And I think people appreciate that. And I think people are going to appreciate your point of view telling the story that you're doing this and you're traveling around and this is an adventure that's focusing on happiness and that just means so very much to me and that's why I've just been so thrilled to learn about your project and I want to help you in any way that I possibly can just because I want this message to spread and I think this is a wonderful avenue for it. So from the bottom of my heart thank you Scott for doing this.
Brad_Catchphrases, travel
3248 - 3251 Jonathan Mendonsa And Scott do we have a working title for this yet.
3251 - 3296 Scott Riecke Yes the working title. I believe this idea came out of an e-mail between you guys right here and we were we were joking around it saying playing we were playing with fire. And so I think that title is just it's perfect. We my wife and I are literally going to go out we're going to go play with fire we're just sort of we're taking some risks with our life. I'm quitting my job we're uprooting our life we're moving. And yet you know at the same time I understand that you know I just pitched that as this is a much easier decision to make once you frame it the right way. But that being said we're going to go out play with fire we're going to go learn more about the fire community and the FI community and maybe we'll finally put an end to whether it's the FI community the fire community the stealth wealth community.
Jonathan_Catchphrases
3296 - 3302 Jonathan Mendonsa All right Scott before we let you go we do want to offer you the chance to tackle the hot seat. You ready for this.
3302 - 3303 Scott Riecke I am.
3303 - 3309 Jonathan Mendonsa All right let's do it.
3309 - 3336 Speaker In a world drowning in debt and rapid consumption. Trapped by the chains of lifestyle inflation. These questions highlight the secrets of those who have broken free. Welcome to the Choose FI hot seat.
debt
3336 - 3340 Brad Barrett Alright Scott got Question number one your favorite blog that's not your own.
hotseat-blog
3340 - 3365 Scott Riecke Yes so I'm not much of a blog fanatic. I go to as podcasts you know ran browsing book reading things like that. But you know I know this has been said a million times. Mr. Money Mustache is truthfully the number one blog that I check in with regularly and have read from beginning to end. I'm not sure there's a substitute that currently exists to grasp this fire lifestyle challenging assumptions you know kick your ass in gear and help explain it to others.
3365 - 3375 Jonathan Mendonsa It is good it's definitely back to the basics and walks you through it. He will face punch you into submission. Now your favorite article of all time was that a mustache article.
hotseat-post
3375 - 3415 Scott Riecke It's not actually there is a blog which I think has been mentioned here before called wait but why. And there's an article called artificial intelligence revolution and the idea is so mind boggling that it actually changed the way I perceive the world to some extent and it's a very almost scary article but it is my favorite article I talk about it a lot. You know with friends and dinners and things like that and the idea is really that we really just need to try to survive until about 2045. Because if you make it there or so one of two things are going to happen and it's either going to be will live forever or we're all done.
3415 - 3431 Jonathan Mendonsa Skynet is coming. That's right. OK. Well you know I think my friends and family are tired of my financial independence conversation so maybe I can pivot over to something more optimistic like artificial intelligence taking over the world next time. All right question number three your favorite life hack.
hotseat-lifehack
3431 - 3462 Scott Riecke Yeah besides fire which is my all time favorite life hack. I would say meditation. I like to jump on mindfulness at mindfulness and just take 15 minutes to myself. It's incredible. It's one of those long term gains that once you do it for a long period of time. And I don't know for me I was able to sleep better interact with people better have more patience be more present. And it's just it's amazing how much we sort of neglect the largest muscle in our body our mind.
meditation
3462 - 3473 Brad Barrett Yeah I agree completely I use the headspace up and yeah just absolutely love it. I'll check out. Check out the mindfulness app you mentioned. All right scott question four your biggest financial mistake.
hotseat-mistake
3473 - 3505 Scott Riecke Yeah. Hands down. It would be the amount of student loans I racked up I had about 38 K to pay down when it was all said and done and I made my final payment last year. At 33 years old and I definitely popped the bottle of champagne when that happened I recognized that that was a huge deal but I just think about all the wasteful spending I had in college and I worked in college but not enough to actually maintain a lifestyle so or just support that lifestyle so that's by far the biggest financial mistake I've I've made in my life.
college, college-loans
3505 - 3540 Jonathan Mendonsa You know our generation is kind of this transitional generation and our things were rapidly changing as we were growing up and school was changing education was changing the value of education was changing. And to put it bluntly the cost of education was changing. There's so many people that I know personally that came out with 60000 $90000 in student loan debt and the estimated income for the job that they got trained for was $40000 a year. And it's almost one of those things where you can never recover from that using traditional methods. Very very much it is the biggest financial mistake for hundreds of thousands of people. I'm sure.
debt, traditional
3540 - 3543 Scott Riecke Yeah to take nearly 10 years to pay off is outrageous.
3543 - 3547 Jonathan Mendonsa All right. Question number five the advice you would give your younger self.
hotseat-advice
3547 - 3580 Scott Riecke I would have listened to my first you know biggest financial mistake and then also invested in property as early as possible. My first year of college and let my roommates help me pay a mortgage down. I lived in Iowa City. I went to school University of Iowa. I lived there for six years and I made a ton of great friends who I ended up living with most of the time. So this idea that you could actually live with your friends and trust them and have them help you pay down a mortgage that would be advice I would give my younger self and also to own some property in the college town that I love so much would be would just be a bonus.
college
3580 - 3600 Jonathan Mendonsa Oh I love that second look at that particular situation. So you do the house asking you bring your friends in on it and then afterwards you still own property in a college town. Very very cool. We do have a bonus question if you're up for it. Your favorite purchase that you made on Amazon.com last year or if you don't use Amazon or didn't use Amazon just your favorite purchase in general.
hotseat-purchase
3600 - 3631 Scott Riecke So it's a book it's called What do you do with an idea by Coby Hamada and what I love about this book is it teaches kids at a very young age that ideas are special and that one idea can change the world. And it's such a powerful message and really applicable to this conversation that I just wanted to share with your audience and say that I highly recommend this book. Probably any kids you know around two and a half three years old is a great way great time to start reading this to them.
3631 - 3648 Jonathan Mendonsa That's awesome. One additional favor I really like the idea that you piece together this email that you that you're using to share with friends and family would you mind forwarding us a copy of that email so we can send it out to the people on our email list just so maybe they can see how you're introducing people that you're close to to this concept.
3648 - 3658 Scott Riecke Yeah I would love that. I was actually looking for that when I put that together myself because I was just trying to save some time. See if anybody else had already put that together but yeah I'd be happy to send my little curated email.
3658 - 3670 Jonathan Mendonsa Awesome Scott. Thank you so much for coming on the podcast today and sharing your vision. We will be following you and supporting you with interest and it's going to be a wonderful year. So thank you so much for joining us today.
3670 - 3759 Scott Riecke And thank you guys honestly. Jonathan I can't stress enough how much it means to me to understand what I'm trying to do here and know what I'm doing and Brad. Your support has been tremendous and I wouldn't be able to do this without you guys I wouldn't be able to do without the community. I can't wait to start involving the Facebook group and really the entire community to tell this story. This isn't about me. I actually struggled with whether to put myself in front of the camera. I just think it's the best route to take to eliminate excuses because we're going to live it. And so I welcome feedback I relish it and in fact it's already starting to happen. You know the way you put yourself out in the universe and the universe response and I have one story I want to share. You guys actually mentioned me on a podcast a few weeks back which I can't thank you enough for and somebody here in San Diego was listening and didn't know that I was living in San Diego and looked me up getting excited about a documentary. Figured out that I was in San Diego and reached out and we had lunch a couple of weeks ago and and this gentleman opened my eyes to so many different concepts. He's already achieved FI. He's already excited about the effect of altruism and the lunch was just it was really rich with conversation. We probably spent two hours sitting there and I mean I can't tell you how exciting that was. And it's just an amazing testament to the people in this community and how this thing is already going so that is due in large part to your influence. I can't thank you guys enough for having me on today and for supporting this. And I can't wait to see what we make.
playingwithfire
3759 - 3779 Jonathan Mendonsa Awesome. Well thanks so much for sharing. And to our community again if you're interested in the documentary project and you want to learn more and follow along the journey. Scott will be sharing updates and what goes on behind the scenes at playing with fire dot CO playing with fire dot CO. The fire is spreading my friends. We'll see you next time. As we continue to go down the road less traveled.
Jonathan_Catchphrases, playingwithfire

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