014R | In Today’s Podcast we cover: Highlights from the guest episode with Carl from 1500 Days Could you reach financial independence with a 10 to 15 year timeline? Jonathan’s timeline is much shorter than 10 to 15 years The mechanics of FI are easy, but we discussed the larger questions in this podcast about happiness and what life is all about It isn’t about money, it’s about life When you have time, you can explore all these new passions and fill it with the right things in life When you are pursuing FI and you have money in common, you have so many other things in common People are talking about making real-life FI communities of like-minded folks and see the power of community He had an epiphany: You don’t have to work until you’re 62 to retire. You really can life a different way and make it happen.  But we need to present this info to as many people as possible Brad posting 100,000 mile odometer. Per Jonathan, it represents a life choice that enables us to get to FI faster Rampant materialism of the neighborhood that Carl and Mindy moved into and moved out of only weeks later Friday’s podcast will be a crowdsourced roundup of the FI community Corrections from prior show: 457 plans: are not protected from creditors in bankruptcy and there are 457 for hospitals and charities. You also need a “separation of service” in order to pull the money out. Corrections: Roth IRA contributions can be pulled out penalty and tax free at any point (do not need to wait 5 years) Success story from Jason: Have really taken a lot of the things they’ve learned from ChooseFI and started to implement. Opened 2 Chase Sapphire Preferred cards, is already tax planning for 2017, and wants to move his money to Vanguard. Timing the market and avoiding a “bubble” when investing. Take your brain out of investing decisions as much as possible. Itunes review from Australia! Question about net worth: Why do some bloggers exclude liabilities from net worth? How do we track net worth? You must include your liabilities in a net worth calculation We plan to share our income reports from Choose FI to help people follow along with how we’re building our website Travel Rewards question: What are your favorite Chase Ultimate Rewards transfer partners and how do you transfer the points? Our favorites are: Southwest, United, Hyatt and British Airways Ask the audience: Please send us your favorite personal finance articles from the past year Frugal wins of the week: Jonathan and his wife are preparing for their first yard sale. Brad made his last preschool payment for his youngest daughter We need your feedback! And a big thanks to Isaac for continually sending in helpful information Links from the show: Podcast: Carl from 1500 Days Rockstar Finance Net Worth Tracker Mad Fientist tax optimization articles Sign up for our email list at ChooseFI.com/subscribe Choose FI podcast on Travel Rewards Slowly Sipping Coffee: The 'Lightbulb' Emails Fervent Finance