Episode Details

You can't set and forget your net worth — unless you're tracking it quarterly, you'll never spot where your money is actually leaking. The first Friday Roundup of 2018 covers listener questions on net worth tracking, using HSAs for travel reward minimum spends, maximizing the Southwest Companion Pass, and leveraging community support to grow side businesses. Brad and Jonathan share updates on their collaboration with Alan and Talis, plus highlight why "burning the boats" on financial goals forces real commitment.

Key Topics Discussed

00:00:00 - Introduction

Introduction to the episode and what listeners can expect.

00:05:00 - Community Engagement

Community support in financial independence. Reflection on how the community has come together to improve week by week.

00:12:00 - Tracking Your Net Worth

Why tracking your net worth is crucial ("What doesn't get tracked can't get improved on"). Tips for maintaining records of financial progress.

00:34:00 - Travel Rewards with HSA

Utilizing Health Savings Accounts (HSAs) to meet minimum spending requirements for travel rewards.

00:36:00 - Southwest Companion Pass Explained

Explanation of the Southwest Companion Pass as a tool for maximizing travel rewards. Steps on how to obtain the Companion Pass and its benefits.

00:42:00 - Voicemail Insights

Listener voicemails sharing personal experiences and tips related to financial independence and business growth.

00:56:00 - Conclusion

Encouragement to leave reviews and participate in the community discussions.

Key Quotes

• "What doesn't get tracked can't get improved on." [00:12:31]
• "People made mistakes with money. We just try to get a little better every day." [00:04:18]
• "You're all in, there's no going back. We burnt the boats." [00:07:30]
• "It's about creating evergreen content that helps you where you are." [00:06:37]

Related Resources

• Personal Capital [00:57:36]
• Southwest Travel Rewards [00:36:40]

Support the Show
We work hard to keep ChooseFI ad-free for a clean listening experience. The easiest way to support us is to use our Top Recommended Cards page when signing up for your next travel rewards credit card.