025R | Case Study | Part 4

Published: June 2, 2017, 5 a.m.

025R | In today's Friday Roundup we discuss Episode 25 with Keith from the Wealthy Accountant, Part 4 of the case study with Paul including a look at his line-by-line expenses, plus questions and feedback from the audience. In Today\u2019s Podcast we cover: Friday Roundup after Episode 25 with Keith from The Wealthy Accountant The firehose of information that Keith unleashed was incredible! Feedback from the audience about Keith\u2019s episode The value of an S-corp election for small businesses How to find a top tier accountant with passion for helping you When should you form an LLC when starting a side business and are there any benefits of doing so? Danielle\u2019s feedback about our working of \u201ctaxable savings.\u201d She used \u201cpost-tax savings\u201d which we really like Dominic\u2019s feedback about reinvesting dividends Careers that help you get to FI: Nursing and feedback from the audience on why this is such a positive career on the path to Financial Independence Announcing the ChooseFI private facebook group! Discussion of Camp Mustache Brad\u2019s FI conversation in real life with his friend Justin about $2 per person per meal for dinners How to portion out dinners to save money Laura is going to share her recipes in the new private Facebook group Frugal wins of the week from Jake and Brad Mark Resnick from Student Loan Freedom: Voicemail with a hack on saving money on student loans Discussion of Mark\u2019s voicemail and our request to get one audience member to work with Mark on student loan forgiveness programs Voicemail from Bryce on hacking college How Brad and Jonathan wish they had the knowledge Bryce passed along when they went to college How to start planning early to apply for these scholarships Case study update: Going through Paul\u2019s expenses and analyzing them. What does his post-FI expenses look like? Paul\u2019s expenses drop significantly in his post-FI life $23,000 of his $73,000 annual expenses were on vacations and this can drop significantly in a post-FI life by using travel rewards points and pursuing slow travel Looking at Paul\u2019s actual expenses and what else is \u201cfluff\u201d on top Our update on future case studies: We can\u2019t do these once per month.\xa0 More likely 3-5 per year. Jason from Winning Williams is putting together a \u2018crowdsourced FI plan\u2019 excel sheet Travel rewards question on how to save on cruises. You can use a \u2018fixed value\u2019 card to offset cruise expense Itunes reviews of the week and book giveaway Links from the show: Wealthy Accountant Aubrey\u2019s blog:\xa0moneyenergyfreedomlife.com Dominic\u2019s link from Bogleheads on reinvesting dividends Emiko: Beetsandlilacs.com ChooseFI.com/Facebook to get access to our private Facebook group Winning Williams Money Metagame Seonwoo\u2019s site: FIby40.com FI180 Popup Business School Dash Go Rapid Egg Cooker Student Loan Freedom