461 | Taking Space for Yourself and Community | October Roundup
Oct 30, 2023
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In this podcast, the hosts discuss topics such as community, building fun into your life, college planning, fear, following threads, and travel rewards. They share insights on preparing for standardized exams, exploring fear and curiosity, and investing in a 401k and opening an IRA. They also touch on negotiating strategies and maxing out a 401k.
Incorporating fun and spontaneity into life can lead to stronger connections, memorable experiences, and a sense of joy.
Active participation in a community and attending live events can foster networking, learning, and personal growth.
Curiosity can counteract fear by promoting exploration and personal expansion, and trusting intuition can lead to overcoming fear and experiencing personal growth.
Deep dives
Fun and Spontaneity in Life
The podcast episode discusses the importance of incorporating fun and spontaneity into life. The host shares personal experiences of taking spontaneous trips and attending concerts on a whim. They emphasize the value of building stronger connections with loved ones and creating memorable experiences. The host encourages listeners to prioritize fun and joy in their lives and seek out spontaneous moments.
Community and Live Events
The podcast episode highlights the significance of community and attending live events. The host discusses their experiences at the FinCon conference and emphasizes the value of seeing old friends and making new connections. They reference other events like Economy, CampFI, and Five Freedom Retreats as opportunities for networking and learning. The host encourages listeners to actively participate in local groups and take initiative in organizing events or activities that align with their interests.
Fear and Curiosity
The podcast episode explores the relationship between fear and curiosity. The host delves into the idea that curiosity can counteract fear, explaining that curiosity motivates us to explore and expand, while fear tends to make us withdraw and shrink. They discuss the importance of introspection and asking questions to understand the root causes of fear. The host also advises listeners to trust their intuition and follow their inner whispers as a means of personal growth and overcoming fear.
The Benefits of Transferable Points
One of the main advantages of transferable points, such as Chase Ultimate Rewards or Amex Membership Rewards, is the flexibility they offer. These points can be easily transferred to various airline and hotel partners, allowing for a comprehensive trip plan. It is important to transfer these points before closing the credit card to avoid losing them. While the transferable points may lose some flexibility after transfer, it is still better than losing the points altogether.
Considering Annual Fees and Retention
When deciding whether to keep a credit card with an annual fee, it's important to assess the benefits you receive as well. Some cards offer anniversary bonuses, such as extra points or hotel nights, which can offset the annual fee. Additionally, reaching out to the credit card company to negotiate fee waivers or retention bonuses is a viable option. If the card no longer provides value or if negotiation efforts are unsuccessful, closing the card or downgrading to a no-fee option may be a reasonable choice.
In this episode: community, building fun into your life, college planning, fear, following threads, and travel rewards.
This week we are rejoined by Ginger for another installment of the Round-Up, where we catch up and discuss our favorite takeaways from this past month’s episodes. From learning how to best prepare your child for the college application process, to the importance of introspection to pinpoint and work with your fears, and finally to re-framing your fearing relationship with money. It’s been a great month with content full of information that all listeners can relate to, no matter what part of the FI journey they are in!
