Transcripts Including Tag: workfromanywhere

Description: Income :: Location Independence income

These are the transcripts that include the tag workfromanywhere.

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001: The Journey Begins Jonathan Mendonsa What I love about what you just said is I know for a fact that that is actually what you did and you didn't have it figured out right away. I mean there were a lot of stumbling blocks that you ran into but you're here now you've done it. And if I were going to introduce myself and talk about kind of how I got here it's kind of the opposite of that I was exposed to this community probably from the get go. I was you know one of those Dave Ramsey guys that would just listen to it every day. And I would hear about just the horrors of debt and how debt was ruining people's lives. But at the same time I was planning on going to pharmacy school and taking on six figures of student loan debt. And so now you know this is literally 14 years later and I am a pharmacist and I've gotten the debt and I've paid it off and I'm wondering 14 years later for me just now to have gotten my degree gotten my job gotten all that student loan debt and now paid all that debt off. It feels like a hamster wheel it feels like. What was the point. Was that the most efficient path to get here? And I think if you take that one aspect which is that hating debt and you combine it with all these other skills that you could learn you can just bypass all that. It's just not necessary. And so we're going to explore this theory of what is this most efficient path. What is this "Road Less Traveled?" What are the skills that you do not need a doctorate in order to learn but you can monetize and you can provide an income for you and your family for life? And I think some people call it the laptop lifestyle. It's possible, it's doable, and I think frankly it's just you need to be exposed to it because you're not going to hear about this stuff in school. You're not going to get an education in this and middle school nobody is going to teach you this because they don't know that they've bought into the American dream which is debt and consumerism for 40 years followed by social insecurity.
002: The Power of Failure Brad Backstory Jonathan Mendonsa I think what we really decided we wanted to do today is dive right in and talk a little bit about your journey. I've heard your story you know in the past and it's an awesome one but our audience has it and we would really like a chance to kind of share what that progression was so just in the studio a little bit earlier we were talking about it and we wanted to really dive in and figure out how did you make the leap from being in the cubicle you know nine to five at a major tax firm just saying you know what I want to try something different. I want to I want to see what this life of financial independence looks like. I want to experiment with this laptop life so how do you how do you do that.
015R: Friday Roundup Jonathan Mendonsa We could also do it. We could also do a whole show just about the benefits you know or the possible benefits of this idea especially for the F-I community just because if you think about it once your post fi working you know having your nine to five job is optional which means you are location independent you're not tied down anywhere so there's something about the idea that you're talking about. That really is powerful for the FI community. So anyway we'll leave it for another show it definitely is a full show. All the benefits and the cons. You know I don't think you can have one without the other. Could easily fill out a one hour segment and so maybe we'll kick that can down the road just a little bit. But you know it's all on our minds which means we share it with you guys so we're always looking for ways to engage you to get you information that's relevant. This is continuing to build is continuing to grow. We have we have three times as many people that are listening to us and that are engaging with us this month as we did last month. This is an exponential thing. If you think that this is helping you and you want to share it with your neighbors do that. I love to share the ideas that I have with my friends and my neighbors. I don't keep this stuff to myself I share it with everybody. So when you send me a comment saying that you shared it with everybody that listen I do the same thing. And so my neighbors know how excited I get about travel rewards and I've told them I want to take a trip. we are all going to go to Cape Town all six of us me and my wife and then our two sets of friends that are in our neighborhood and I am going to find out exactly what cards you need to open. I'm going to figure out the order for you and then we're all going to take a two week trip to Cape Town South Africa and it is going to be completely free and this is something that they can get excited about it has the power to make a difference in their life. So this is information that is relatable it affects everybody. Middle class America this stuff is for you. And this show is for you. So we also tend to get some questions every single week about travel rewards. We try to answer one or two of those each week just keep it as a small segment so that is my single idea I got that from Marla who's just awesome at redemptions and she's been in touch with us hopefully we'll get her on a short segment and talk about her or her vacations as she took this year. But for right now Brad I have a couple of travel rewards question for you. Are you ready for this.
017: Mad Fientist Origin Story Brandon - Mad Fientist Yeah. No I completely agree. I think I've changed dramatically. But I also think old are old habits die hards. So back in the day and probably around that time we were in New Orleans like I was so hyper focused on reaching financial independence so like nothing else mattered. And it was really bad. There is an article on my site, happiness through subtraction, where I talk about this but I didn't realize it but I was getting depressed like we were and living in Vermont at the time and I was really you know we had this really nice house some five acres and stuff but we were in the middle of nowhere and this is also the time that I was getting my masters and the blog was starting to take off and I was taking up a lot of time and obviously I was still working so I was really busy. And all I wanted to do is save money. So like any time like an opportunity for fun with arise, like sometimes I would do it and then I would just be miserable and then I'd be like well why am I doing this I could be at home like either getting homework done or writing a mad Fientist article or whatever and I'd be saving money. So. So for two years we I really isolated myself which then isolated my wife because she's Scottish. And here she is in a foreign country and we're in the middle of the woods and all her husband wants to do is like read tax documents and things so. So it wasn't a good situation at all. And yeah I definitely went into that deprivation area which was bad. So finally my wife is just like you know what is going gone and this is not we can't live like this anymore like you're miserable I think you're depressed and I didn't realize that at the time and she's like I'm not happy because you know we don't do anything and you're not happy I'm not happy so. So once she said that I'd like sort of snapped me out of it and I was like wow yeah this has actually gotten pretty stupid. So we that's we said alright, let's just sell the house let's get out of here let's go back to being closer to friends and family. And we did so then during this like sort of down time not down time but like depressed time. You know I hit my number and I wasn't any happier, at all. And I was like well shit I've been you know planning for this and putting off happiness until I hit this goal and now I hit it and it's like nothing is different. Looking back on it now is like obvious. Yeah. Of course an extra dollar in my bank account on a screen the number on the screen is not going to instantly make me happy but at the time I was like wow this is awful this is terrible. I guess I'm just not going to be happy or whatever. So anyway so hit the number and then we decided we're going to leave and that's fine and then then my work asked me you know I handed in my notice I'm like hey I'm going to Scotland so this is it for me and I didn't plan on getting another job because you know financially independent. And they asked me to stay on remotely. So I was like you know what. Our house hasn't sold yet. You know this is going to be maybe a complicated move. Moving back overseas I was like you know that would make me less stressed because at the time I was like you know pretty much right at the FI number wasn't like loads over anything there wasn't a lot of buffer and I was like you know yeah this is good. I'll just keep working remotely. You know I don't want to have to wake up early when I have to commute. I want to go to these meetings all the stuff that I hated about work. I was like I won't have to do that. I can just code which I love writing code and that will be great. So I did that and I ended up doing that for two years. So we you know we moved back to Scotland we're a lot happier already just off the bat because you know we're we're actually doing fun things with our friends and family and seeing people and interacting with others. But I also was working when I wasn't expecting too so after about I don't know maybe half a year to a year of doing that. I was like you know what I'm just going to let loose I'm going to not worry about money for the first time in my life because like I said before I've always been frugal and I was always saving money and I'm like you know what I'm not going to worry about it. This is a whole salary I didn't expect to have so I'm just going to go crazy. So we went crazy. We spent three months traveling. I told my work I was like hey I'm going on a three month trip so I can either come back when I'm done, or not. And they said Yeah come back. So that was good. And we went on a three month trip and we were eating out three meals a day. Fair enough. We were in Southeast Asia for most of it so it was quite cheap. But we were still even when we got back to Edinburgh we were like it was a new city to us so we like going out and going having drinks and going out and checking out the local restaurants and all that sort of stuff. So we did all that for a year and it just felt like I was just throwing money away. Just crazy. I tallied it up just like I do every year. And I think between the two of us my wife and I we spent 35,000 dollars which I guess we normally fluctuate somewhere between 30 and 33 maybe even 34 the year before, I'm not even sure. it was so insignificant the dent that it made in our actual overall spending that it was laughable. And I was just like this is insane. So all of the habits obviously I wasn't going out and buying a Mercedes and I wasn't doing any thing that I didn't want. Like any anything that like society says you should do if you just spending crazy money. I was doing everything that I wanted, like it felt like I could have and do anything and everything that I wanted and it's just the fact that over the years I've figured out what that actually is rather than just buying what people tell you you should want or what society says you should want or what the Joneses wants or what any of that. I was just buying everything that I wanted and it didn't move the needle that much because I don't need that much which is a huge realization. And it's that's been the probably, I would say the best thing about financial independence and it wouldn't have happened I don't think if I didn't have that extra year because then I would have never tested that upper limit like I tested the lower limit when we were in Vermont and deprivation and all that. But I think testing the upper limit was just as important because now we dialed back our spending like we actually realized we didn't like to travel as much as we did that year because we like having getting excited about the trips rather than just being constantly going somewhere else every month or something. So. So like now it's not deprivation it's not like I wish I was traveling right now. It's like no. Actually this is a great level and it just happens to cost less than traveling every month like we did last year so it's it was great in that it's completely changed me. So yeah if you see me now and I'm going out to a brewery with friends then I'm not going to worry about any of it because it's like wow this only happens every so often it's not going to move the needle at all. I won't even be able to tell by the end of the year and I'm just going to enjoy it rather than you know freak out and pick the cheapest thing on the menu and try to convince Jill to share with me.
022R: Friday Roundup Jonathan Mendonsa By the way Justin from Root of good you know guys how much he teases all of us that are stuck at work. Any time any time we have to be at work during the week. The manager just flaunting his financial independence so it is my personal goal to get to FI quickly as possible just so I can say shove it. Man I'm there too. So guys this past week we were talking about the true cost of car ownership and specifically we were looking at you know how you can win inside the margins. Brian and I are in the camp that most of us at the end of the day especially while we're not FI are going to have a car. Now you can certainly not do that. You could certainly bike to work or come up with a moped or use some other means of public transportation. And if you can get away with that great. But for the majority of us probably 90 plus percent of us that are listening to this show. We recognize that we're going to have at least a car in the family. And so then our own particular perspective on that is how do you win inside that construct. And we kind of came to the conclusion based on the math that we looked at that if you pick a car that's already taken the depreciation hit a five year or 10 year old car that's a gas sipper of the different scenarios that we put to you guys. That is going to be your best case scenario. It's going to cost you the least amount of money. What I came away with is even in a perfect world scenario where you do everything right. The cars still going to cost you about two grand a year minimum which is a lot of money.
037: Playing With FIRE Documentary 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.
040: Money Metagame Noah "Mr. Money MetaGame" Bouillon The list of the blog at the moment is bringing in dollars per day so you can extrapolate that out over a year then you know about how much it's making at the moment. But I don't think we have any specific side hustles in mind but it just kind of what you said like we can pick up nursing jobs or I could pick up some remote software work like there's definitely remote jobs available in that field. I don't know. Becky do you have any side puzzles.
044: Brandon Pearce Into the Wind Brandon Pearce Right. Right. And you know what else is something I probably should have pointed out I think even financial independence can be an excuse because there are so many families who are still just there just working a remote job or there they haven't reached by yet but they're out gaining their financial independence while they're traveling they're not waiting until they get it before they go out. So I think it's a decision that can you can make it any time. But it does you know there are lots of different considerations. There's definitely some advantage to getting financially stable before you go out. But there are families who like I and I don't think I could do it this way that you completely wing it. And then like they're making nothing practically. But they're out there traveling the world with their families and making it work and living amazing lives. So I don't think even finances have to hold you back.
088: Career Hacking the Tech Industry with MILLENNIAL BOSS J - Millennial Boss Yeah and there are a lot of companies that are focusing on the flexibility right now. So that's great. I mean I think before when I didn't realize this type of company was out there I was I was stressed out about having a corporate job but now what I've realized is the corporate job is not keeping me from doing anything. It's in fact making me better. I mean I talk about how the side hustles make me better the corporate job makes me better at my side hustles I can just tell I mean how I'm able to operate with the blog and the podcast. I didn't necessarily learn I have been doing this for a while but I learned that in my day job. So there is this kind of crossover where I'm learning skills in both direction and I don't feel stressed out because I found a job that they really value me and I'm doing a great job for them and I'm learning tons and I don't feel like I'm I'm trapped at all in everything I want to do in my life. I mean I go to the gym every day I have time especially my husband and my dog. Recently I took away the one blocker that was making me a little bit stressed out about my job which was the work remote policy. And that's been a huge relief.
088: Career Hacking the Tech Industry with MILLENNIAL BOSS J - Millennial Boss So the biggest stressor for me with this whole fi journey I lived in Colorado I lived in California and I'm living in Washington and my family lives on the East Coast. And then I married someone whose families in the Midwest. So you know we get two weeks of vacation a year. We are spending those two weeks visiting family and after doing that for six years you get tired you want to take a vacation just the two of you and just relax and not do anything and we're not able to do that. And I really miss my family and I miss his family and we have these wonderful people and friends back home that we want to spend more time with. So it makes it kind of stressful and I worry you know am I choosing FI over or over being with family am I choosing to work these great high income jobs. Because I know it'll Get me faster to FI and I'm missing opportunities that I'll never get back with aging parents or grandparents or things like that. So someone at work started the conversation about working remote and I decided this was my opportunity. My boss had previously he wasn't very open to us working remote or working at home but I kind of put together this proposal with my other co-workers and before I never would've done this especially I have had management experience and I didn't want my boss to feel like we were trying to do a mutiny or something over him because he's fantastic and we all love working for him. But we put together a proposal of the different scenarios that we wanted to work remote or work from home and there were things like working out of another office so that we could visit family or working remote. One day when you we're traveling maybe we're traveling internationally can we work at another office internationally. Because it makes more sense than than being in the office. He ultimately he approved it. So my biggest blocker which was feeling guilty about visiting family I can work out of the office where my family is where my husband Stanley is wherever we want whenever we want to. So that. That to me just kind of open my mind I never would have asked for that if I didn't have financial security from FI if I didn't have the side hustles that I knew I could hopefully grow to a full time income if I needed to. It kind of gave me the confidence to do that. And now you know I don't see my full time job I love it. It's fantastic and I can see myself having a long career there.

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