291 | If I Could Turn Back Time

<div class= "elementor-element elementor-element-15da9379 elementor-widget elementor-widget-theme-post-content" data-id="15da9379" data-element_type="widget" data-widget_type= "theme-post-content.default"> <div class="elementor-widget-container"> <ul> <li>After four years of working on the ChooseFI podcast, Brad and Jonathan want to share their lessons learned, the list of things they might do differently, and highlight a few episodes to re-listen to.</li> <li>Brad is back in the studio after missing out on <a href= "https://choosefi.com/290" target="_blank" rel= "noreferrer noopener">Episode 290</a> with Paul Merriman. He's doing fine and appreciates everyone's concern.</li> <li>With Paul Merriman's Ultimate Buy and Hold Portfolio strategy, the thesis is that diversity is great, but own equal amounts of all asset classes versus a cap-weighted index fund to capture the growth potential of small companies. Unfortunately, for the last 12 years, the majority of growth has come from large companies.</li> <li>Brad says Paul's book reads like a FI manual with a high-level overview of small steps that could be million-dollar decisions.</li> <li>The decisions are not little. As discussed in Brad's The FI Weekly email this week, the Rule of 72 states how long it will take you money to double at a given rate of return. 72 divided by the rate of return is how many years before the money doubles. For example, 72 divided by 8% equals 9 years to double your money.</li> <li>The impact of that last double can be worth millions, that's why getting started early is critical. If your new and haven't already, today is the day to start.</li> <li>Jonathan agrees Paul's book is a great FI primer and was surprised by how much he enjoyed reading it. He says it would make a great gift.</li> <li>ChooseFI often talks about the aggregation of marginal gains. It can be quantified as each half a percent improvement means we can make an extra million dollars. Come up with 10 and that's an extra $10 million over your investing lifetime. If you c