Summary: In today's podcast we recap Episode 47 with Bryce and Kristy from Millennial Revolution including talk of home ownership and world travel, but a reader case study and voicemail.<br> <br> In Today’s Podcast we cover:<br> <br> * A recap of our main takeaways from Episode 47 with Kristy and Bryce from Millennial Revolution<br> * How Brad explained the concept of compound interest to his daughter Anna and it was a lightbulb moment<br> * How Brad’s daughter immediately took action and invested her money in Vanguard index funds<br> * Brad’s moment where he found the concept of compound interest as a 19 year old<br> * Calling for tips on how other parents have introduced financial skills to their kids<br> * How your house is not a great investment and for people in the FI community it isn’t “your biggest investment”<br> * Your home may be a terrible investment but it doesn’t mean it’s a terrible decision<br> * Home appreciation seems “magical” to people but it actually represents well below the 8% return benchmark we use as a guide<br> * Brad’s example of a $300,000 house and the expected future value<br> * How Bryce and Kristy have these amazing hacks to travel for little money<br> * Their entire lives cost $30,000 for a full year<br> * Time averaging in low and high cost of living areas<br> * A reader case study that was sent in to Bryce and Kristy on the rental property they have that’s underwater and how they should move forward<br> * Voicemail from ChooseFI community member Jack on finding FI and making amazing changes up to a 58% savings rate<br> * How everyone can pursue FI and it isn’t limited to certain incomes, professions, etc.<br> * Itunes review and book giveaways<br> <br> Links from the show:<br> <br> * <a href="http://www.millennial-revolution.com/" target="_blank" rel="noopener">Millennial Revolution</a><br> * <a href="http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/" target="_blank" rel="noopener">Why Your House is a Terrible Investment</a><br> * <a href="http://www.millennial-revolution.com/build/case-study/friday-reader-case-mortgage-underwater-screwed/" target="_blank" rel="noopener">Friday Reader Case Study: My Mortgage is Underwater. Am I Screwed?</a><br>
