“Personal finance is becoming financial independence.” Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit.
This is just a taste of what we discuss in this recap from Monday's interview with Brian Feroldi from The Motley Fool.
- Jonathan talks about blowing his budget on breakfast at the cold bar in Wegman’s, while Brad thinks that grocery shopping at Wegman’s is the same cost as Walmart.
- Brad talks about meeting strangers who also in the FI community.
- Brad and Jonathan wonder if financial independence is on the edge of mainstream adoption?
- “Personal finance is becoming financial independence.”
- Financial independence doesn’t necessarily mean retiring early; it means allocating your resources in the way you see fit.
- Review of Monday’s episode with Brian Feroldi, about individual stock investment.
- Do Brad and Jonathan own individual stocks?
- What are the challenges to getting started with individual stocks?
- Are individual stocks better as a hobby?
- What are the strengths of the way Brian described investing in individual stocks?
- A comment from Ray, in the ChooseFI community, that individual stocks requires too much individual management.
- Cody wonders whether the current bull market might be playing in favor of individual investors, without having yet felt the consequence of the inherent risk?
- How does Jackie, another ChooseFI community member, evaluate investment opportunities, and how did she get comfortable making investment decisions?
- Tim reiterates the value of the Motley Fool, and the recommendations they make.
- Frank, another community member, is concerned about a new investor’s learning curve: the time and money it takes to learn enough about individual investing to find success.
- Is it possible to recognize large-scale Enron-type fraud by looking at investment research?
- If you hold stocks from companies in similar fields, would it be better to simply hold a sector index stock?
- Mr. 1500, Karl, worries about long-term investing with individual stocks.
- Knowing when to sell individual stocks is an almost impossible task.
- How are Brad and Brian getting their children started with investing?
- How much did the ChooseFI community respond to the Treehouse scholarship proposal?
- How can ChooseFI potentially connect students to mentors?
Links mentioned in today's show:
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As Jonathan would say, “The FIRE is spreading my friends!”