347 | How Did You Calculate That Return?

<p>In this week’s episode, Brad and Jonathan discuss how critical it is to fully understand what the statistics and numeric values describing your investment returns actually represent. They do so by describing what compound annual growth rate is, explaining the logic behind the 4 percent rule, and by referencing helpful insights gained in previous episodes of ChooseFI! Later in the show, the guys are joined by Rob Phelan from “The Simple Startup” to discuss second generation FI, the benefits of teaching children and teenagers about entrepreneurship, and Rob’s new children’s book <em>M is for Money</em>!</p> <h3><strong>Rob Phelan</strong></h3> <ul> <li><em>Website</em>: <a href= "https://www.thesimplestartup.com/">The Simple Startup</a></li> <li><em>Book: </em><a href= "https://www.misformoneybook.com/">M is for Money</a></li> </ul> <h3 id="h-resources-mentioned-in-today-s-conversation"> <strong>Resources Mentioned In Today’s Conversation</strong></h3> <ul> <li><a href= "https://www.choosefi.com/future-value-of-investment-calculator/" target="_blank" rel="noreferrer noopener">ChooseFI’s Future Value of Investment Calculator</a></li> <li><a href="https://earlyretirementnow.com/" target="_blank" rel= "noreferrer noopener">Early Retirement Now</a></li> <li><a href= "https://www.choosefi.com/making-portfolio-adjustments-with-big-ern/" target="_blank" rel="noreferrer noopener">Making Portfolio Adjustments With Big ERN | ChooseFI Episode 199</a></li> <li><a href= "https://www.choosefi.com/how-do-i-figure-out-the-taxes-on-this-ep-346" target="_blank" rel="noreferrer noopener">How Do I Figure Out the Taxes on This? | ChooseFI Episode 346</a></li> <li><a href= "https://www.choosefi.com/flexible-spending-rules-for-early-retirees/" target="_blank" rel="noreferrer noopener">Flexible Spending Rules For Early Retirees | ChooseFI Episode 176</a></li> <li><a href= "https://www.choosefi.com/what-happens-when-the-paycheck-stops/" target="_blank" rel="noreferrer noopener">What Happens When The Paycheck Stops? – Keys To A Successfu