Summary: In this Friday Roundup we discuss Episode 41 with Paige and Sam on extreme frugality, radical insourcing and the high cost of living path to FI plus a voicemail from Big Ern and members of our community.<br> <br> In Today’s Podcast we cover:<br> <br> * The discussion of Episode 41 with Paige and Sam about reaching early retirement through extreme frugality and radical insourcing in a high cost of living city like Los Angeles<br> * Jonathan’s story about visiting his childhood library and trying to find old computer games<br> * Book recommendations from the ChooseFI Facebook group<br> * The list of obstacles that could have stopped Paige from reaching financial independence, but she overcame anyway<br> * It’s easy to make excuses, but your journey almost invariably will be easier than Paige’s<br> * The aspects of high cost of living that would be universal to other people: Defraying the costs of housing by sharing an apartment<br> * “The alley will provide” as a perfect quote for ChooseFI and a way to think about not buying new items<br> * Making a fun game out of buying “new” items (new to you) at a garage sale<br> * The important of collecting skills instead of stuff plus a list of random skills you can pick up<br> * Don’t be complacent with the knowledge and skills you have. Always look to learn.<br> * There are so many free ways to get entertainment in a big city<br> * A big takeaway was that Sam’s parents cut the friction and helped him get started investing<br> * The hardest part is to take action, so helping other family members can help their lives dramatically. Jonathan thinks about this with his siblings<br> * Don’t let the perceived complexity of task overwhelm you and cause you to not take action. Just break it down into steps and take action.<br> * Andrew shared how he and his wife break down the ChooseFI podcast every Monday where they discuss with their kids in a fun way<br> * How Brad setup a Vanguard investment account for his kids in 2017<br> * Are there tax implications for investing for your children?<br> * Discussion of Paige and Sam’s housing situation<br> * Paige’s “mistake” that was right for her<br> * You have many levers to potentially pull and not everyone needs to make the same choices, but you need to not make excuses<br> * Cutting expenses is the low hanging fruit of the path to FI. Changing your income is not as immediate<br> * Buying used takes the mental anguish out of purchasing and perfection<br> * Jonathan’s life hack for purchasing at Amazon: Camel Camel Camel<br> * Case study for how to use Camel Camel Camel<br> * Don’s call that he officially reached financial independence!<br> * Call from our in-house expert Big Ern about how to mitigate sequence of returns risk<br> * Winner of the side-hustle competition: Tallis who is providing dance classes to those with Parkinson’s Disease<br> * Call from Dave about the business he created<br> * Itunes review book winner<br> <br> Links from the show:<br> <br> * <a href="https://classicreload.com/" target="_blank" rel="noopener">Classic Reload video games</a><br> * <a href="https://www.freecycle.org/" target="_blank" rel="noopener">Freecycle</a><br> * <a href="http://www.frugalwoods.com/" target="_blank" rel="noopener">Frugalwoods</a><br> * <a href="https://camelcamelcamel.com/" target="_blank" rel="noopener">Camel Camel Camel</a><br> * <a href="https://earlyretirementnow.com/2017/03/15/the-ultimate-guide-to-safe-withdrawal-rates-part-11-criteria/" target="_blank" rel="noopener">Early Retirement Now Case Study in Part 11 of the Safe Withdrawal Series</a><br> * <a href="http://jlcollinsnh.com/stock-series/" target="_blank" rel="noopener">The Stock Series at JL Collins NH</a><br> * <a href="http://www.popupbusinessschool.co."></a>
