{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Incremental Gains | EP 582","description":"  Jonathan and Brad explore the infinite possibilities within the financial independence community by discussing the concept of Incremental Gains. Key Topics Discussed   Introduction to Incremental Gains&amp;nbsp;(00:00:00)  An overview of the episode's aim to introduce innovative ideas within the financial independence community.    What is a Red X Month?&amp;nbsp;(00:02:05)  A red X month is a designated period for relaxation and reflection, allowing individuals to step back from their regular commitments.    Mindset and Incremental Gains&amp;nbsp;(00:05:05)  Importance of having the right mindset in achieving financial independence.    Importance of Time and Journey&amp;nbsp;(00:07:21)  The hosts stress that it\u2019s about appreciating the journey, not just the destination.    Roth IRA for Kids&amp;nbsp;(00:29:46)  Discussing how children with earned income can benefit from a Roth IRA, helping them build wealth early.    The Impact of Fees on Investing&amp;nbsp;(00:44:01)  Emphasizing the significance of minimizing fees and its long-term effects on wealth accumulation.        Join the Discussion Go to&amp;nbsp;ChooseFI.com\/login     Actionable Takeaways  Red X Month: Consider taking a dedicated month to reset and recharge your priorities.&amp;nbsp;(00:05:05) Roth IRA for Children: Open a Roth IRA for your child if they have earned income to help them start building wealth.&amp;nbsp;(00:29:46) Minimize Investment Fees: Invest in low-fee index funds to optimize your long-term wealth and keep track of any fees tied to mutual funds or advisors.&amp;nbsp;(00:43:27)  Key Quotes  &quot;Reclaim your most precious non-renewable resource: your time.&quot;&amp;nbsp;(00:16:51) &quot;It's not about reaching a mythical number; it's about living a better life.&quot;&amp;nbsp;(00:08:55) &quot;Time in the market surpasses timing the market.&quot;&amp;nbsp;(00:48:22)  Timestamps  00:00:00&amp;nbsp;- Introduction to Incremental Gains 00:02:05&amp;nbsp;- What is a Red X Month? 00:05:05&amp;nbsp;- Mindset and Incremental Gains 00:07:21&amp;nbsp;- Importance of Time and Journey 00:29:46&amp;nbsp;- Roth IRA for Kids 00:44:01&amp;nbsp;- The Impact of Fees on Investing      Essential Listening Episodes Referred to     Masterclass on Muscle Building     ","author_name":"ChooseFI","author_url":"https:\/\/www.choosefi.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/39778245\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/6b5047\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/39778245"}