I give my kid $60/month (used to be less but she’s 12)

That covers all the “dumb stuff” she’d ask me to buy her.  Make up.  Star bucks, cute shoes she doesn’t need because she has a similar pair, crap in the check out aisle, etc.  

I also let her choose to “defer” up to $20 if it each month.  If she does so, I’ll double it at the end of the year.  Then, in December, she can deposit that money into her utma and I’ll double it again.  

It’s worked out well.  She learned quickly just how expensive and not worth it Starbucks is on a random Tuesday.   It gives her some agency in her choices and I don’t have to tell her no.  Her bank account does that for her.  

It’s taken some time (and some agony inflicted on my wife as she watches the kid buy something super dumb) but she’s learned to be prudent with her spending. 

And she always chooses the UTMA option at the end of the year.

It is also not tied to chores.  We do chores because we’re a family and that’s what People in a family do

When you can replace your salary with a below average return.

when your passive income is more than your expenses

14k? yea slow down, take it to other independent mechanics, and see if they all agree.

how much do you owe, what kind of car and mileage and year, and where did you take it

First step would be to get a second opinion from
a different shop, even if it needs towed.

Definitely screams dealership shop prices & not independent shop prices.

This is a good start... But almost all half your wealth is tied into your house. You shouldn't really use that as a measure of financial independence..

If it was a second property, then you're in business.

Your car isn't worth dumping 14k into.  And the dealership is going to be the most expensive option for any repair. Get another estimate.   They are taking you for a ride.

Scammers will have an absolute field day with a platform like this

Starting when mine was very young, she got a budget for each outing. Snacks, toys, etc had to come out and when it was gone it was gone. Anything left she got to put into her piggy bank. 


Along with a a small allowance when she got older, she would get X amount for each trip or event. Going to an event? Here's $20 to use. Disney - $50 for the entire trip to spend on whatever. And she would get to budget and pick what she wanted. Which made her think about what she really wanted to do. She saved and paid for her own droid building at 10.



Now at 13 she has a credit card and a Budget each month for all the little things. We go over the credit card statement together, and anything left on her budget get transfered to her savings. Anything over she has to take out of savings and give to me.  It helps her to be able to plan out her purchases and think about wants vs needs.


The goal is when she's 18 she will have decent credit and be able to manage her own money.

29? That’s so young. I started over at 48.

This is a good idea. I’ll add one, move the garbage cans back and forth every garbage day for 5$ a house. Do your whole Neighbourhood.

Computer Vision is so competitive. Even CMU/Stanford grads can have trouble breaking in…

Do you have any CVPR publications?

Is it fire tho if you haven’t sold the house yet? I know housing prices won’t belly flop like 2008, but they could and that would erase fire status

In practice, you never want to rent out something you value or care about. Unless the stuff is absolutely useless to you, renting is a big risk

Seems like project management is your forte. Lean into that. Find any project management job, regardless of seniority, at a product company. Doesn't necessarily have to be tech, but those tend to be more generalized compared to some other industries.

Well you're looking for is a foot in the door with any kind of reputable company. Doesn't have to be a huge multinational place, just a company that has ran for some years with a reputable product. You can use that in the future to scale up into a more career focused role.

Congrats! Consistency is the key. Continue saving for your long term goals and you will surprise yourself.

Well done!  Get that snowball rolling.  Your future self will be grateful and proud.

The best way to learn anything is definitely by doing it 

I learned hard way that reading books doesn’t solves the problem but actually applying learning do 

Reading books or following someone’s else routine will not change anything until we are not changing our actions

Totally agree! Small steps lead to big success :)

The currrent state of the tech market is that we're losing a net of 10,000 jobs a year after a few months of tepid job growth and rubber stamping 400,000+ tech visas.

This is the new normal.

/Some of those are re-ups, but it's a six digit number at minimum.

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A couple of months ago, I made a small $23 purchase at Costco using Apple Pay on my phone. Right after that, I noticed a second charge on my account for $711. I absolutely did not make or authorize that transaction.

I spoke to a Costco employee the same day, and they couldn’t find any record of the $711 charge in their system under my account. So I filed a dispute with Chase. They refunded the money at first, but now, two months later, they have reversed it.

Chase told me the $711 charge was a chip-based transaction, meaning the physical debit card was used. The thing is, I never use my physical card at Costco. I only use Apple Pay. That alone makes me suspect fraud or some kind of mix-up.

Today, I received a notice from Chase saying the transaction was authorized and provided only the transaction entry (like what you see on your online statement), but not the merchant receipt or itemized purchase details. So I still have no real proof this was my transaction.

They said I could take this info to Costco, but I am not sure what to ask or how to prove it was not me. Has anyone dealt with a similar situation or have advice on how to handle this with Costco or Chase?

Costco charged my debit card $711 for a transaction I didn’t make.

Long story short we’ve had the joy working at this small company for many years and one random weekend our ceo announced that he sold the company. Fast forward we meet with the company in an all zoom meeting where they discussed the roadmap and have Jan 1 2026 for us to be fully integrated. During one of the meeting someone asked about our current position, in which someone from the now parent company says “we are really diving head first into Ai so I would urge you all to look at career opportunities on our webpage” we go to the webpage they only hire devs in India. So again us devs talk and I’m like “dude we got til Jan 1 and we toast might as well brush up on some leet code and system design” but all the devs here think they are crossing over to the parent company, our dev ops engineer met with they dev ops engineer to walk him through all of our process then made diagrams from him.. I could be over reacting, anyone else been through an acquisition?

Company bought out, Devs in denial.

My parents were incredibly fortunate to win a house through a sweepstakes they’ve donated to regularly over the years. The house itself is fully paid for, but they’re now facing uncertainty around the additional costs like taxes and other expenses that aren't covered.

Before anyone says, “just pay the taxes,” I want to clarify, my parents aren’t wealthy. They’ve given what they could over the years because they genuinely care about the cause, not because they have a lot of money to spare. This unexpected win is a blessing, but the financial obligations that come with it are making us nervous. Yes we are aware this is a blessing beyond words and could be considered "champagne problems."

If anyone has experience with something like this or advice on how to navigate the next steps, we’d really appreciate it.

EDIT: I am blown away by all of the responses so thank you to everyone who has and will respond!!!!!  
Also the house that they live in now is one that they **rent** so they aren't able to sell it.

My parents won a house in Georgia. How to proceed?

I am currently fully remote and have been for the past 5 years. I work in HR. I got an offer for a signficiant salary increase from $80k to $120k but it is 5 days in office with a 45min commute. 

Im stuck between what to do. Would you take the new offer for the comp increase? 

Would you take a 5 day in person job for a 45% raise?

I love you guys because I don't know anyone else in real life with a similar philosophy, or any other community online where I can actually discuss finances with like minded people.


I'm soon going to leanFIRE as a 38 year old single guy with about $1 million invested + paid off house. I'm aiming to spend around 24k/year. Whenever I talk to people in real life about this, they look at me like I'm an alien. 

Even before I got to the final stretch of my leanFIRE journey, I occasionally talked about how I prefer to save money instead of buying a bigger house, a better car or going on expensive vacations. Most of my friends weren't able to imagine such a lifestyle, as they regularly spend entirety of their paycheck on buying "things" and their only retirement savings are 401k contributions. 

Unfortunately this isn't limited to real life. I once tried to talk about my leanFIRE goals in the regular FIRE sub, but many of the comments were in the tune of "why don't you work 5 more years and retire with 2 million dollars?", "you're young, what if you want to marry/have kids after age 40?" or "that's not enough money to live on". Which is why I haven't visited any other FIRE subs besides this one for a couple of years.


I'm not sure where this huge desire to spend money and the great urge to consume consume consume comes from. I'm not going to be happier if I spend 5 more years to retire with $2 million. I won't even withdraw the theoretical maximum of 4% from my current investments, simply because 24k/year is enough for me. Why would I give up my very limited and precious time to buy more "things"?


I sometimes feel like I'm out of touch with the society around me, simply because I don't want to live a "luxury" life. Spending less money is not decreasing my quality of life, but working more definitely will. I still buy my favorite wagyu steaks every month, or travel to wherever I want. Maybe I don't stay in $300/night Ritz Carlton rooms, but I can still easily stay at Hilton or a Marriott for $120/night. 


This never ending desire to have more and more, and sacrificing the most important currency of all, time, in exchange just doesn't make sense to me.


This is all. Thanks for reading my tiny rant. Love you all.

LeanFIRE is one of the only places where I can get away from the American consumerism

I am a single woman in one of the most expensive cities in the world.

I have a coworker in another region, a much MUCH less expensive one, who is married with a child.

We have the same title, have been with the company about the same amount of time and bring in similar results.

We both just got raises.

Our Vice President told me, and she WAS pretty annoyed about it, that his raise was twice mine, and our CEO's reasoning was, "Because he has a family." 

I have been extremely discouraged and pretty depressed since she told me this. Is it even legal to come right out and say something like this?!



Was told my raise wasn't bigger because I am single--is that remotely legal? Should I just move on?

I used to laugh when I read the posts of people with extremely high net-worth looking for validation from strangers to quit their job. Why would anyone continue working once the math works in their favor?

I passed my original FIRE number about a year ago. My spending isn't particularly high (under $100k a year), but I like not having to do mental math each time I spend. I'm now approaching a net-worth where I can't possibly run out. However now that I'm close to the Decision, there is a weird feeling of discomfort, which makes it hard for me to think objectively about it.

I like what I do for work and I love the people I work with. I have an *extremely* high paying job, and  expectations are proportionately high. Work often eats into leisure time. I don't have the option to negotiate for lower expectations even if agree to take a significant pay cut. This is the only job I've truly enjoyed, so looking for a different job is out of question. Once I quit I'm unlikely to be hired here again. There are plenty of others who would gladly take my role and the pay that comes with it.

I know I'm supposed to be working towards building my post-retirement life, but my work allows no time for that. All I'm doing now is delaying the decision, one year at a time. I'm turning into one of those people.

I'm turning into one of those people

Title. I'm just curious if when you talk about how much savings you put away each month, does it include retirement stuff like 401K's and IRAs or if it's purely after tax cash ?

Example contexts "I'm able to save $1K every month" or "You should aim to save 15% of your income"

Do you count 401K contributions when counting "how much I save each month"?

Everyone loves to flash big numbers like " How I'm making $36k a month by flipping on eBay"

Let's be honest most of those are likely fake. And it causes people not making thousands a month to not want to share but it's actually realistic.

What's the thing you're doing that's making you under $500 a month?

What’s the thing you’re doing that’s making you <$500 a month?

At what net worth did you stop trying as hard at work?

Not a post saying I have millions at 19!

29m making $78k/yr. Debt free.

I noticed after a year of working towards setting myself up for FIRE, I have doubled my net worth. Went from $18k to $36k in 12 months. The breakdown is:

Roth 401k: $12.5k
Traditional 401k: $8.5k
HYSA: $7k
Checking: $3.5k
Brokerage: $2.5k
HSA: $2k

I steadily invested, built up my emergency fund and other cushions, and now everything is automated for investing and saving. Currently investing 20% of my income, and I’m aiming to increase that to 40% by December. I’m hoping to hit $50k by the end of the year! Slow and steady…

Hopefully this gives people a bit of hope!

Humble Milestone

Fuck everything else:   
  
50 books you need to read before starting your journey,   
The morning routine for entrepreneurs,   
The journaling routine that'll change your life,  
Meditation techniques that'll improve your focus,   
Courses that you need to take in order to learn first.

You are wasting your time, JUST START AND DO THE REAL THING. You'll learn and adapt on the go. PERIOD!!!!!

Hi everyone, just hit a milestone of 400k NW right before my 28th birthday next week. I didn't think that I would be in this position, but I really locked in a few years ago and was able to start aggressively saving. 

I've been really wanting to move to Argentina for quite some time now, and I keep telling myself I'll make the move once I have the 'FU' money. I am worried about moving there and having to uproot and leave if I lose my remote job and don't have the proper cash on hand. I feel like 400k should be enough for me to feel comfortable to do this, yet I still feel the same as I did at the 300k mark.

  
***Current NW Breakdown***

**Brokerage:** $281k

**401k:** 82k

**Roth:** 82k

**HSA:** 4k

**Checkings/Savings:** $19k

**Total:** $401k

28 with 400k, when does it feel like FU money?

My husband (33 M) and I (31 F) just hit $1.5M.  Although it doesn’t feel super real because most of our net worth is in our primary residence equity. We have a 2 yr old and living in HCOL area making $120K both in corporate.

NW breakdown:

My cash: $111K

My 401K: $186K

My ESPP + Roth + taxable: $138K

His cash: $14K

His 401K: $209K

His Roth + taxable: $170K

Home equity: $723K (I calculate after closing/agent fees)

We got lucky and bought our house in 2020 and we lived with roommates for many years to save money but we are about to be hit with major childcare expenses as we have to put our kid in school (about $18K a year) so that is our biggest challenge for now.

Feel free to give me any tips on managing FIRE with kids!! 

Just hit $1.5M! 31F and 33M

My kids are 5 and 7. They’re in summer camp that has an ice cream truck every Thursday where they can get a treat for $5. Last summer I just paid for the treat. This summer I’m tempted to just give them $5 and tell them they can either get ice cream or save it. Both seemed interested in saving.

This got me thinking about just giving them an allowance. Maybe weekly $1/year ($5 weekly for the 5 year old and $7 weekly for the 7 year old). 

I know some people tie allowance to chores. I know some people that are specifically against that because they want the kid to clean up after themselves without expectations of pay. I also see this as an opportunity to learn about money. Teaching them financial literacy is worth the ~$300 a year. 

If I do give them that amount, then I’ll likely stop buying them stuff (outside of birthdays and holidays) and try to teach them how to budget their money and better understand instant vs delayed gratification.

Thoughts on cash vs account?

Any thoughts/ideas on this? Or is this in the wiki and I missed it? 

TIA!

How to teach kids about money? Give them allowance? At what age and how much?


This is something you could do as full time income or a side hustle. The best part is you don’t have to make a large investment in any specialized equipment.

If you’re not familiar with this concept, many people opt to have flowers, decorative stone, or mulch thoughtfully placed around their mailbox to beautify their property. There are lots of different ways this can be accomplished, you’re only really limited by your imagination. I specify imagination because this is where you can bring value to someone and make some decent money. Go on google images and search for mailbox landscaping.

You’ll see tons of different designs and ideas that people come up with for their property. You make money by presenting a homeowner with your idea for how to landscape around their mailbox and then execute on that vision.

Flowers, stone, and mulch are your path to success. Because this type of landscaping is intended for a small area on someone’s property the work is relatively easy and quick to accomplish. You won’t need a truck and trailer to haul materials. You won’t need to hire laborers as a typical job shouldn’t take more than 2 or 3 hours. 

What’s really interesting is that it doesn’t matter if your area is serviced by many traditional landscaping communities. If you present yourself as someone that specializes in this you will immediately start to garner attention. 

Facebook ads are a great way to get the ball rolling.

Some clever referral marketing/ tech work can really help you get the word out even faster.

There’s definitely money to be made out there.

If you live in a suburban town you could make $400/day landscaping around mailboxes

https://www.linkedin.com/in/yuvallevental/

Admittedly, I have mostly been applying online.  It's difficult to network in person, since I don't have a car, but I have managed to get around a little bit.

I probably could have networked more during my classes, but I thought RIT was going to be very supportive and that I would find what I need (admittedly, I misunderstood the co-op program).  Over the past couple years though, everything really went downhill.

I have applied to around 500 jobs in computer vision seeking an entry level position, and I still don't have any offers. Can anyone relate?

I've created an app called Lend It. Not launched, you can't even register. 

 Where you simply lend your stuff to others and get paid in cash  the app will  take a 15% fee, or only 5% if you decided to take lend it bucks instead of cash which can be used to rent items anywhere.   
  
  
Going to another town and need a gopro, A drone,  A guitar, A ps5, A web cam, tripod, green screen, shure mic,  whatever it's for rent. 



I originally see this for high end electronics tvs, monitors, gaming systems, stuff that people might need for a few days or just not want to buy for a month or two while traveling.  

  
I've made many applications like this as this is my primary job. Just wondering if people see a need for this. 

Is there anything you need as an entrepreneur you wish you could order on demand that would speed up your productivity? 

Is this a good Idea? We have so much stuff in the world

NEW EDIT AT THE BOTTOM WITH MORE INFO.

It's been an hour guys and I've gotten a lot of really good advice. I'm going to go for a walk and try to decompress. I won't be replying as heavily anymore but I will continue to look through the comments through out the day. If I see something noteworthy I'll comment on it later. Thanks everybody.

Had to bring my car into the shop and they told me that my oil leak caused by a damaged oil pressure sensor, my wiring harness, and PCM. And a fix will be over 14000 dollars if my warranty doesn't cover it.

How does debt work at that level? If I don't have 14000 how do I not go broke and be poor for my whole life? I make about 200 dollars more than I need to live every month. Surly I'd sell the car instead of fixing it. But my loan is huge and wouldn't be worth fixing it. So I'd have to sell it and buy a new car.

That loan will follow me though right? I just need advice. I'm especially asking this in preparation for the worst.


EDIT. I'm sorry I'm frantic right now. Some more info. It is a 2017 Santa Fe with 135,000 miles on it. I say in limbo right now because after they assess it it could be covered by my warranty which would make the whole repair $100.

The damages are a full replacement of the 2 wiring harnesses and a replacement for the power train control module.

I took it to a Hyundai dealership. I bought it at 95,000 2.5 years ago and have a 4-year 80,000 mile warranty. So that will get me to 175,000 miles.

The consensus is that I will wait for Monday to roll around and see if they're going to fuck me. If they cover it all fine and dandy, and if they don't I'm going to another mechanic and get a second opinion. Thank you everybody for keeping me cool. Very smart people here.

Until Monday, I am in limbo for over 14000 dollars. What do i do.


Hi everyone,
I don’t have close family or friends to turn to for this kind of advice, so I’m reaching out here — please be kind.

I’m 29F, starting over, and hoping for some outside guidance. And no real wealth of savings stashed anywhere.

I have a BA in Sociology with a Business minor. I graduated during COVID, so I never had the typical post-grad career start. I ended up in the film industry as a project coordinator, working 15-hour days for 2.5 years until the writers’ strike halted everything. Then I took a role on a development site that unfortunately collapsed due to company financial issues.

I briefly worked in emergency management doing operations coordination — it was great but temporary as it was cover for leave and I did not have enough experience to be hired FT I’ve been told for that role.

Now, the job market feels flooded and pay has dropped. I live in BC, Canada (high cost of living), and I don’t have connections or family support to lean on — I’m truly trying to build on my own.

I’ve recently committed to a 2-year full-time Operations Management program, hoping to pivot into logistics and higher-level coordination in sectors like healthcare, government, or retail. 

What I am hoping to ask is- is there anything I should be weary of!? 
Based on my experience are there other careers you would recommend? 

I don’t think AI can completely take over but I could be wrong 

There always fires to put out which is exciting for me. 

I honestly think this is my last leaf I’m not in a position to have another start over in my life I truly feel so defeated with the housing crisis, HCOL crisis, economy crashing etc and although it’s likely not going to lead me to riches I find purpose waking up everyday knowing I’m being productive and am needed. 

How fucked am I, 29F starting over?

#614:  The US just added 139,000 new jobs in May. That beat expectations. But the real story isn't in the job numbers — it’s in the bond market.  Something unusual is happening in bonds. Treasury yields are spiking. The dollar is weakening. That combination almost never happens together. And it's signaling concerns about future inflation.  Trade wars continue on. A federal court just struck down some tariffs. The administration will appeal. Meanwhile, the EU has until July 9 to cut a deal. If they don't, 50 percent tariffs kick in. As a result, many companies are playing defense instead of growing.  The debt situation keeps getting worse. We owe $36.2 trillion. That's more than we owed at the end of World War II as a percentage of our economy. Moody's just downgraded our credit rating. We're not alone — Britain's bonds just hit their highest levels since 1998.  The accredited investor rules could finally change. Right now you need an income of $200,000 ($300,000 as a couple) or $1 million in net worth to access private markets. Those numbers haven't changed since they were written in 1982, even though adjusted for inflation, that $200,000 would be $662,000 today.   The SEC might start loosening enforcement of the accredited investor rules. That could open up more investments to people who've been locked out for decades.  Crypto is finding its footing. The SEC dropped cases against Coinbase. They're backing away from treating most crypto like securities. Bitcoin sits near all-time highs. The US keeps building its strategic Bitcoin reserve.  The House just passed what's being called the "One Big Beautiful Bill." It extends 2017 tax cuts. Eliminates taxes on tips and overtime. The Congressional Budget Office says it'll add $2.4 trillion to the deficit over 10 years. That's sparked debate between deficit hawks and growth advocates —  including one particularly high-profile debate that has been plastered across the headlines.  Consumer sentiment stays stuck at 2022 lows. People expect 6.6 percent inflation. The actual rate is 2.3 percent. That gap between what the data says and what people feel shows up everywhere.  We cover all of this in today’s First Friday economic update.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

#614: The US just added 139,000 new jobs in May. That beat expectations. But the real story isn&#39;t in the job numbers — it’s in the bond market. Something unusual is happening in bonds. Treasury yields are spiking. The dollar is weakening. That combination almost never happens together. And it&#39;s signaling concerns about future inflation. Trade wars continue on. A federal court just struck down some tariffs. The administration will appeal. Meanwhile, the EU has until July 9 to cut a deal. If they don&#39;t, 50 percent tariffs kick in. As a result, many companies are playing defense instead of growing. The debt situation keeps getting worse. We owe $36.2 trillion. That&#39;s more than we owed at the end of World War II as a percentage of our economy. Moody&#39;s just downgraded our credit rating. We&#39;re not alone — Britain&#39;s bonds just hit their highest levels since 1998. The accredited investor rules could finally change. Right now you need an income of $200,000 ($300,000 as a couple) or $1 million in net worth to access private markets. Those numbers haven&#39;t changed since they were written in 1982, even though adjusted for inflation, that $200,000 would be $662,000 today.  The SEC might start loosening enforcement of the accredited investor rules. That could open up more investments to people who&#39;ve been locked out for decades. Crypto is finding its footing. The SEC dropped cases against Coinbase. They&#39;re backing away from treating most crypto like securities. Bitcoin sits near all-time highs. The US keeps building its strategic Bitcoin reserve. The House just passed what&#39;s being called the &#34;One Big Beautiful Bill.&#34; It extends 2017 tax cuts. Eliminates taxes on tips and overtime. The Congressional Budget Office says it&#39;ll add $2.4 trillion to the deficit over 10 years. That&#39;s sparked debate between deficit hawks and growth advocates —  including one particularly high-profile debate that has been plastered across the headlines. Consumer sentiment stays stuck at 2022 lows. People expect 6.6 percent inflation. The actual rate is 2.3 percent. That gap between what the data says and what people feel shows up everywhere. We cover all of this in today’s First Friday economic update.  Learn more about your ad choices. Visit <a href="https://podcastchoices.com/adchoices" rel="nofollow">podcastchoices.com/adchoices</a>

First Friday: The Dollar Is Weak, Bonds Are Expensive, and We Owe WWII-Level Debt

Quint and Allie take a question about when to use fast cash.

When to Use the Fast Cash?

Today, we are dropping a special episode in the Invest Like the Best Feed. 50X is back, a fan favorite series from Will Thorndike and the team at Compounding Labs. Will's book, "The Outsiders," is one of the best business and investing books that you'll find. You'll hear him continuing his work in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold.Season two features Asurion. Colossus is excited to partner with Will as he sits down with the management and investors behind this legendary investment. We kick off this special drop with a short interview that I did with Will on everything he learned studying this business, followed by the full three-part series.         Learn more and dive into our research at ⁠50xpodcast.com⁠  —-  This episode is brought to you by⁠⁠ Ramp⁠⁠. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠ Ramp.com/invest⁠⁠ to sign up for free and get a $250 welcome bonus.  —  This episode is brought to you by ⁠Oberle⁠. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms.  Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one’s home, vehicles, and valuables.  If you’re interested in connecting with the Oberle team:  ⁠https://oberle-risk.com/50x⁠  —  This episode is brought to you by ⁠System Six⁠, a searcher-owned outsourced bookkeeping and accounting services firm that has been a great partner to us at Compounding Labs.   With the right modern tools and a strong team, System Six will eliminate headache for you and give you time back so you can focus on growing your business. Whether you're a CEO or CFO stuck in the weeds, or an investor trying to support your CEOs and portfolio companies, reach out to hello@systemsix.comand mention the podcast for your first month of ongoing bookkeeping free.  —-  50X is a property of Colossus, LLC. For more episodes of 50X, visit⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠.  Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠).  Follow us on Twitter: @50Xpodcast | @joincolossus    Show Notes  (00:00:00) Welcome to 50X  (00:04:52) Patrick interviews Will Thorndike  (00:18:16) The Early Days (‘95-‘01) with Kevin Taweel  (01:24:44) The Flywheel Era (‘01-‘07) with Kevin Taweel   (02:24:32) Retracing the Path to 100 times 50x with Irv Grousbeck

Today, we are dropping a special episode in the Invest Like the Best Feed. 50X is back, a fan favorite series from Will Thorndike and the team at Compounding Labs. Will&#39;s book, <a href="https://a.co/d/5fbLhWK" rel="nofollow">&#34;The Outsiders,</a>&#34; is one of the best business and investing books that you&#39;ll find. You&#39;ll hear him continuing his work in the hosting chair as he looks in detail at investments that have appreciated at least 50-fold. Season two features Asurion. Colossus is excited to partner with Will as he sits down with the management and investors behind this legendary investment. We kick off this special drop with a short interview that I did with Will on everything he learned studying this business, followed by the full three-part series. <a href="https://joincolossus.com/series/50x/" rel="nofollow"> </a> <a href="https://joincolossus.com/series/joys-of-compounding/" rel="nofollow"> </a> Learn more and dive into our research at ⁠50xpodcast.com⁠ —- This episode is brought to you by<a href="https://ramp.com/250-signup-bonus?utm_source&#61;podcast&amp;utm_medium&#61;paid-podcast&amp;utm_campaign&#61;podcast-colossus-250&amp;utm_content&#61;invest" rel="nofollow">⁠⁠ Ramp⁠⁠</a>. Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to<a href="https://ramp.com/250-signup-bonus?utm_source&#61;podcast&amp;utm_medium&#61;paid-podcast&amp;utm_campaign&#61;podcast-colossus-250&amp;utm_content&#61;invest" rel="nofollow">⁠⁠ Ramp.com/invest⁠⁠</a> to sign up for free and get a $250 welcome bonus. — This episode is brought to you by<a href="https://oberle-risk.com/" rel="nofollow"> ⁠Oberle⁠</a>. Oberle is a specialty insurance brokerage providing insurance services to search funds, independent sponsors, family offices, and private equity firms. Oberle supports its clients with a comprehensive insurance due diligence covering a wide range of items, including commercial insurance, Employee Benefits, key person life insurance, and reps and warranty coverage. Additionally, Oberle has a thriving personal lines practice, designed for entrepreneurs seeking a higher-level service and expertise when it comes to insuring one’s home, vehicles, and valuables. If you’re interested in connecting with the Oberle team: <a href="https://linkprotect.cudasvc.com/url?a&#61;https%3a%2f%2foberle-risk.com%2f50x&amp;c&#61;E,1,SIwvr8wEDgnByGMhXA4UNpdukCU5yoN4P60GY1oAVPzf_fsAm5l-ZiQiWlFZs00Meti64KD6XAZr4MicWXOH7vT2NwuzX3Bf8nf0HsWFCM64l2bfaBRz&amp;typo&#61;1" rel="nofollow"> ⁠https://oberle-risk.com/50x⁠</a> — This episode is brought to you by<a href="https://systemsix.com/" rel="nofollow"> ⁠System Six⁠</a>, a searcher-owned outsourced bookkeeping and accounting services firm that has been a great partner to us at Compounding Labs.  With the right modern tools and a strong team, System Six will eliminate headache for you and give you time back so you can focus on growing your business. Whether you&#39;re a CEO or CFO stuck in the weeds, or an investor trying to support your CEOs and portfolio companies, reach out to hello&#64;systemsix.comand mention the podcast for your first month of ongoing bookkeeping free. —- 50X is a property of Colossus, LLC. For more episodes of 50X, visit<a href="https://www.joincolossus.com/episodes" rel="nofollow">⁠⁠⁠ joincolossus.com/episodes⁠⁠⁠</a>. Editing and post-production work for this episode was provided by The Podcast Consultant (<a href="https://thepodcastconsultant.com/" rel="nofollow">⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠</a>). Follow us on Twitter: &#64;50Xpodcast | &#64;joincolossus Show Notes (00:00:00) Welcome to 50X (00:04:52) Patrick interviews Will Thorndike (00:18:16) The Early Days (‘95-‘01) with Kevin Taweel (01:24:44) The Flywheel Era (‘01-‘07) with Kevin Taweel (02:24:32) Retracing the Path to 100 times 50x with Irv Grousbeck

Asurion: 50X Season Two - (50X, S2)

We're about two months on from Liberation Day, and there's still a lot of confusion about what's going on with global trade. Some countries, like China, have been granted delays from tariffs. But other trade restrictions, like the 50% tariff on foreign steel, have come into effect. So what exactly is going on and what impact is this having on the physical flow of goods into America? In this episode, we catch up with Gene Seroka, executive director of the Port of LA, to get a sense of what he's actually seeing and what it means for US consumers and the prospect of empty store shelves.Read more: Port Leaders Warn Tariffs Bring ‘Radical Uncertainty’ to EconomyEmpty Store Shelves Might Be Coming Sooner Than You ThinkOnly Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlotsSee omnystudio.com/listener for privacy information.

We&#39;re about two months on from Liberation Day, and there&#39;s still a lot of confusion about what&#39;s going on with global trade. Some countries, like China, have been granted delays from tariffs. But other trade restrictions, like the 50% tariff on foreign steel, have come into effect. So what exactly is going on and what impact is this having on the physical flow of goods into America? In this episode, we catch up with Gene Seroka, executive director of the Port of LA, to get a sense of what he&#39;s actually seeing and what it means for US consumers and the prospect of empty store shelves. Read more: <a href="https://www.bloomberg.com/news/articles/2025-05-01/western-port-slowdowns-after-tariffs-to-sow-us-wide-devastation-officials-say?utm_medium&#61;referral&amp;utm_source&#61;podcast&amp;utm_campaign&#61;odd_lots&amp;utm_content&#61;article" rel="nofollow">Port Leaders Warn Tariffs Bring ‘Radical Uncertainty’ to Economy</a> <a href="https://www.bloomberg.com/news/newsletters/2025-05-07/empty-store-shelves-might-be-coming-sooner-than-you-think?utm_medium&#61;referral&amp;utm_source&#61;podcast&amp;utm_campaign&#61;odd_lots&amp;utm_content&#61;article" rel="nofollow">Empty Store Shelves Might Be Coming Sooner Than You Think</a> Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source&#61;oddlotspodcast" rel="nofollow">bloomberg.com/subscriptions/oddlots</a>See <a href="https://omnystudio.com/listener" rel="nofollow">omnystudio.com/listener</a> for privacy information.

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