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Cody Berman, a 22-year-old recent college graduate and second generation FI, talks about embracing frugality, saving and investing in his youth, optimizing a path through college, and getting his Disc Golf business off the ground.

What you will learn:

How did Cody get started down the path the FI?

How did Cody become familiar with the concepts of compound interest and the Rule of 72?

How did Cody’s dad encourage saving money when he was really young?

When did Cody start his first job?

How did Cody’s mom encourage his understanding of time as his most valuable asset, instead of money?

Why did Cody turn down the highly competitive, high paying internships in college, and how did people respond?

What advice would Cody give to peers or someone a few years younger than him, to get an even better start toward financial independence?

What are the long-term financial benefits of CLEP tests and AP exams?

Cody recommends applying for one scholarship a day. Where should someone start?

What hack does Cody recommend for someone who needs to apply for a large number of scholarships or jobs?

What advice would Cody give to a student beginning college?

How much research did Cody do prior to choosing a job during college?

What makes a great college job?

What inspired Cody to start a side hustle and how did he settle on what?

What makes Disc Golf a great FI hobby?

How did Cody identify the niche that his business fits into?

Is Arsenal Discs what Cody hoped it would be?

What’s the time commitment to maintain the business?

What is Cody’s frustration with the current FI conversation, and why doesn’t he have a FI number?

Why not follow your passions now?

Was Cody able to finish college early with AP credits?

What is the benefit of ride-sharing and house-sharing businesses, and how does Cody take advantage of these opportunities?

Resources and links mentioned in the show:

Scholly

Scholarships.com

Arsenal Discs

FlytoFI.com

MadFIentist

Mr. Money Mustache: Money & Confidence are Interchangeable

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