Don Wettrick, CEO and co-founder of StartEdUp Innovation program, and a current high school teach, talks about the cultivating innovation and creativity in the classroom, harnessing a learner’s internal motivation, and giving students opportunities to solve problems they’re passionate about.
What you'll hear from Don Wettrick:
Why and how did Don create an Innovation course at his school, and ultimately the StartEdUp Innovation program?
What was challenging about getting his students involved during the early stages, when it was just extra time during his class?
When do students lose their curiosity or learning?
How much does a reward really motivate students?
What would the process look like to develop and nurture internally motivated learners through elementary school?
What’s the difference between creativity and imagination?
How can a parent help their child be more innovative outside of school?
What does Don recommend as a good consumption v. production ratio?
How does changing consumption habits – how much, and what – impact the way Don’s students and own children think?
How does building community within a cohort of “creators” impact a student’s relationship?
Does participation in Don’s high school class impact his students other grades?
How do mastery, autonomy and purpose mix together best?
What does it look like to be in Don’s Innovation Class?
6-7 weeks of class
Basics of innovation
How to think creatively
Building a professional social media presence
Remainder of class is “open source learning”
Volunteer with struggling non-profits, to see problems close up
Statewide student “Pitch” competition
Helping struggling local businesses
What sort of projects have his students build?
What story do you tell yourself, about yourself?
Is there a difference between improvement and new opportunity?
How would Don hope to integrate innovation development into schools in his 10-year dream?
A live-recorded conversation with Roger Whitney, the Retirement Answer Man, from Podcast Movement, questions for a potential accountant, and takeaways from Monday’s live case study with Allison Goddard.
What you'll hear in today's episode:
Brad is departing for a month-long family vacation to the U.K.
What is “global entry” and how/why did Brad get it before his trip?
Jonathan had a chance to meet up with Allison., from Episode 86.
If money was no longer an option, what would change for Brad and Jonathan?
Jonathan Tracks Down a Castle
Brad and Jonathan are super impressed with Allison’s grit and tenacity, to change the trajectory of her life.
Sometimes encouragement from someone else is the motivation we need.
You don’t have to know where your life is going to go, you just have to get started.
How can someone overcome “imposter syndrome”?
Voicemail from Angela at Tread Lightly/Retire Early – if Allison’s house is a place that makes her happy and brings her joy, maybe there are other ways that she can adjust her spending to be more efficient.
Allison Goddard, a dermatologist from Chattanooga, Tenn., chats with ChooseFI and Physician on FIRE to review her journey through medical school and receive advice to clarify the next steps in her path toward financial independence.
What you'll hear in this episode:
Allison Goddard, a physician from Tennessee, is getting started on her financial freedom, having paid off $270,000 of loans.
When and why did Allison decide to become a doctor?
How did Allison get started with her education and how old was she when started medical school?
To what does Allison attribute to her success in medical school?
What does medical school in the Caribbean look like?
What role did mentors, former employers and colleagues play in Allison’s journey through school and getting her residencies?
Starting salary as an attending dermatologist in Boston $240,000, but when in Allison moved to Tennessee her pay increased nearly $100k.
How did Allison get started paying off her student loans, and pay them off in just a few years?
How has Allison increased her income through productivity and even a side hustle?
Has Allison thought about how she will adjust her career to create better life balance in both the short and long term?
Cutting costs from Allison’s lifestyle will be more effective than trying to increase her income.
What are the first things Allison can get rid of to decrease her yearly costs?
How does Allison intend to manage her three mortgages?
What recommendations does Physician on FIRE have for Allison’s retirement accounts, health savings and investment portfolios?
Fill up her 403b with tax deferred contributions – about $18k a year
Contribute to the 457b – similar to the 403b or 401k.
PoF recommends contributing to a health savings account, although Allison doesn’t have access to that through her current employer.
Catch up with Alan and Tallis as they zero in on the key elements of a successful pitch, and the importance of uncomfortable silence, as well as a home improvement update from Jonathan and review of Monday’s episode with author M.K. Williams.
What you'll hear in today's show:
Jonathan reports a wallpaper challenge/ DIY fail in his kitchen.
Recommendation: use drywall mud to fix blemishes in drywall after removing wall paper.
What home-improvement projects are worth hiring out?
MK, from Monday’s episode, noticed that through persistence she has not only produced more content, and that with each release, her previous work sells even better.
Recap of Monday’s episode with Cody Berman, a checklist to optimize your hobbies, a highlight on the San Diego local group, and messages from the ChooseFI community.
What great present did Brad receive from his mother for his birthday this past week?
Brad recaps his first local adventure with his family.
Jonathan presents an idea for a small business for Brad’s daughters.
Will Brad be on the next “Survivor”?
Jonathan remarks about the advantages of taking challenging courses in high school and earning early college credits.
How can students finish college early, to minimize the opportunity costs of college?
Brad recommends setting up “canned responses” in Gmail to optimize your emailing.
Review of the value of jobs in college, and what types of jobs could be the best for a student.
How can one job help develop your FI potential in multiple ways?
How can you optimize your hobbies?
Jonathan’s checklist for hobbies
1. Enjoyment: it’s bringing enjoyment to your life.
2. Cost: it fits within a price range that you’re comfortable with.
3. Networking: brings you into a community.
4. Fitness: it makes you healthier.
5. Skillset: it adds to your current skillsets.
Brad mentions the importance of pursuing mastery.
Brad and Jonathan practice evaluating hobbies, determining whether they’re productive hobbies.
Brad and Jonathan will be at Project Movement in Philadelphia. Catch up with them for a ChooseFi meet up on Sunday, July 22 at Yard Brewing Co. at 6 p.m.
The San Diego ChooseFi group has begun using real-life submitted scenarios to develop FI plans for group members.
Dan, from Facebook, is excited about replacing the air filter in his car – learning a new skill and saving money on car maintenance.
Charlene is excited that her 15-year-old son requested setting up a Roth IRA for her son.
Daniel, an active ChooseFi listener, mentions that the Navy Federal Credit Union just opened a new platform called “Easy Start Investor” for Navy Federal members, which shares some similar advantages as M1 Finance.
Jonathan summarizes some of the benefits of M1.
Message from Prussant, spoke with a group of new, young-adult recruits at work to introduce them to the concepts of financial independence.
Leave a ChooseFI review by Monday, July 16, to win a set of discs from Cody Berman.
Cody Berman, a 22-year-old recent college graduate and second generation FI, talks about embracing frugality, saving and investing in his youth, optimizing a path through college, and getting his Disc Golf business off the ground.
What you will learn:
How did Cody get started down the path the FI?
How did Cody become familiar with the concepts of compound interest and the Rule of 72?
How did Cody’s dad encourage saving money when he was really young?
When did Cody start his first job?
How did Cody’s mom encourage his understanding of time as his most valuable asset, instead of money?
Why did Cody turn down the highly competitive, high paying internships in college, and how did people respond?
What advice would Cody give to peers or someone a few years younger than him, to get an even better start toward financial independence?
What are the long-term financial benefits of CLEP tests and AP exams?
Cody recommends applying for one scholarship a day. Where should someone start?
What hack does Cody recommend for someone who needs to apply for a large number of scholarships or jobs?
What advice would Cody give to a student beginning college?
How much research did Cody do prior to choosing a job during college?
What makes a great college job?
What inspired Cody to start a side hustle and how did he settle on what?
What makes Disc Golf a great FI hobby?
How did Cody identify the niche that his business fits into?
Is Arsenal Discs what Cody hoped it would be?
What’s the time commitment to maintain the business?
What is Cody’s frustration with the current FI conversation, and why doesn’t he have a FI number?
Why not follow your passions now?
Was Cody able to finish college early with AP credits?
What is the benefit of ride-sharing and house-sharing businesses, and how does Cody take advantage of these opportunities?