Goal Setting for 2026

20:37Jonathan Mendonsa:And this goal is the perfect example. What if what if you did something that you didn't think was possible? Like, could you take your average credit card bill and cut it 10 percent? OK, what about 30 percent? Could you do that? Like, is that a money challenge worth taking on? Is there something that if you sat down and applied some intentionality and prepared and said, oh, wow, this is going to make a material difference in my path to FI, is that something you could do? And it would be really interesting to have almost like a after action report and say, how did this impact me? Did I even feel it?

21:11Jonathan Mendonsa:And I suspect, I suspect really strongly, you wouldn't even miss that spending one iota. And you would supercharge your path to FI just like this community member is. I mean, I love this. Okay. Well, I think what you've teed us up is for our next call to action, Brad. We are going to roll one out. It's going to be a 30-day challenge. It's going to be a money challenge. It'll have two parts. Individuals that want to participate in this challenge on the ChooseFI podcast, you'll go to choosefi.com slash login. You'll say, I'm taking the challenge. I'm going to identify 10 % savings. And these are maybe the areas that I think that I can do this.

21:47You're going to initiate the challenge. And then at the end of 30 days, when the challenge is over, you're going to have a second option to tell us, did it work? Did it not work? What was the feedback? What was the outcome? What did you learn from this? And this is how we're going to tee up a whole show around a community that took action on this show and found 10%. That'll be our money challenge. Brad, what do you think? Oh, I love it. Well, I just teed you up for some work. Of course, that's how we do this. but I sandbagged you and maybe you kind of like, well, yeah, but I knew you would take it.

22:20I got you first. Yeah, that's fantastic.

22:22Jonathan Mendonsa:I think that'd be great. I think it'll be really interesting to see how much people can actually save when they apply some attention on. But to our community, this is how, you know, when we say there has never been a podcast like this, right? This is why we said this year, everything changes. This is the direction of the show. We don't want you to just hear ideas. We want you to take actions on the ones that you know, at some level that you've already been wanting to do. You just needed somebody, an external force to give you a little push to remind you that it actually makes a difference. And if you want the accountability, we're here to provide it for you.

22:56Take the money challenge, go to choosefi.com slash login. It'll be open. Once you initiate, it'll be like a 30-day window and then we'll follow up with you and get your feedback on that challenge. All right, like you said, we're a radio show.

23:09Jonathan Mendonsa:We got a bunch of voicemails. Let's play another one. Hi, this is Jenny. For 2026, I have some financial goals and I also have some personal and health goals. My financial goals include saving$50 ,000 for retirement and putting some money aside in a sinking fund to save for a car. Also, my oldest is going to head into his freshman year in high school, so I want to actually move a quarter of his 529 money from investments into cash so that it's ready if he does go to college. For my personal goals, I want to read 100 books, which I did last year and want to continue this year. And my sister is getting married and I'm her maid of honor.

23:47Jonathan Mendonsa:So my goal is to plan the best bachelorette party ever. For my health goals, I want to meal plan more and meal prep with my sons who have recently become interested in eating healthier. The community is bringing it today, Brad. This is a pretty epic goal on multiple fronts. First of all, we have an incredible savings goal just from a dollar amount perspective. But then on top of that, we have some tactical moves with regards to actual savings and investing horizon, that sort of thing. It's time to get some money ready to actually be used. You don't do the 529 just to do the 529. You know, you do it to grow and get some help.

24:22And then at some point, you're going to move to a more conservative posture because now it's time to actually use that money.

24:28Jonathan Mendonsa:Yeah, agreed. This is a great one from Jenny. I love I love your goals. And yeah, I think really the low hanging fruit of in terms of saving money in our general budgets is the grocery bill. I think for people who apply some intentionality to their grocery bill, I think you could easily save 100 to$500 a month. I really do. I think it's just it's just about meal planning. It's about thinking ahead. It's not you can't scramble after the fact, right? If you're just doing this with some planet like Jenny plans to with her kids, I think it's just an absolute slam dunk. And really, Jonathan, we talk about the big three expenses, right?

25:05Jonathan Mendonsa:It's housing, it's car, and it's food. And for a lot of people, the food, there's just a lot of fluff there. And yeah, this is a really cool one. You know, what's interesting is when she said that her sons have showed an interest in eating healthier. I just experienced for the first time the other day, I've been trying to go to the gym each morning, you know, roughly around these days, you know, the jet lag is now over. So it's kind of come back to around 630 or so. I'm still kind of heading out the door to go to the gym. But my son is always up like a bowl of lightning at 6 a.m., man. He's just ready to go.

25:37And he's eight years old, about to be nine. He says, hey, dad, can I go with you to the gym? And I said, not quite yet. You got to get a little bit older and we can get you there. And a little piece of me, tiny little piece of me, there was a selfish side of me that was thinking, oh, this is my time. But the secondary part of this was thinking, that's going to be pretty cool, man. He's getting pretty close. I got to start thinking about doing this. And I don't know if I'm going to wait until he's officially the gym age to go. we got to start doing more workouts, you know, in the garage, you got to say yes to this.

26:03And so it's just kind of cool to think about your kids, you know, coming up next to you and absorbing some of your interest in doing it along with you. I love that. I absolutely love that.

26:12Jonathan Mendonsa:And yeah, final note, a hundred books. Give me a break. That's amazing. That was my first thought. And then I got distracted by the other stuff. What books are we reading here? Yeah, that's so cool. Jenny, thanks for calling in. Really appreciate it. All right, Jennifer, what do we have next? All right, Brad. Next, we have a call in from Dan sharing with us an upcoming transition. Hi, this is Dan from outside of Philadelphia, Pennsylvania. I'm 45. And although I'm very close to five with 23 times my annual spending saved, only 3x is currently saved in the taxable account. And another 3x is represented by the Roth contributions I've made over time.

26:54Jonathan Mendonsa:So 2026 is a year I direct more of my savings to taxable accounts, and I try to figure out if this is the year I can find a way to take a break, maybe shift to barista fi, and maybe start doing Roth conversions. Regardless, I plan to keep listening to Choose Fi. That's awesome, Dan. I appreciate that being one of the goals for 2026. But really, you gave us a lot to work with here. There's this interesting point in time where you're past the basics. You're now in the middle to well on your way and you're starting to think about the glide path. And really, for the first time, the buckets and the tax treatments of where your money is, is going to dramatically affect the options that are available to you.

27:40And so with regards to things like a Roth conversion ladder, something like that, doing Roth conversions, well, that's typically going to happen after you leave the workforce. But how are you going to cover your living expenses for the period of time that you're doing these conversions? This is not something that you want to wake up the day before you retire to figure out. You need to think about it ahead of time. And you're clearly doing the right thing. Brad, I think we're not, I'm not trying to move on. So I want to give you a chance to respond to that as well.

28:08Jonathan Mendonsa:Yeah, I honestly, I'd love to follow up with Dan and maybe we could do a case study on this because what jumps out to me. So he said he's, he has 23 times his annual expenses saved. So, right, we we'd say the five is 25x in general terms. And he said the only quote unquote has three times in taxable accounts and it's another three times in Roth contribution. So that's actually really interesting because, yeah, that Roth IRA conversion ladder, I think we always said you basically need five years of expenses in your taxable accounts. But realistically, I think Roth contributions count as the exact same thing because those can be pulled out tax and penalty free at any time.

28:48Jonathan Mendonsa:So as far as I'm concerned, that does represent an additional amount essentially in what's accessible to do that Roth IRA conversion ladder. Yeah, it's an interesting way of looking at it. It's almost like, and I agree with you. So you're saying what he just said is he has six X that's not in a pre-tax bucket. He has three years of living expenses inside of a taxable account. And he has three years of living expenses that are contributions, not to be conflated with total balance inside of your Roth, it's contributions. And so when you're thinking about, all right, I need to figure out how, should I keep just throwing everything into the 401k?

29:25And Brad, you and the FITACS guy and Cody have really been beating the drum of like, RMDs aren't the thing to be worried about. It's not the RMDs. But I think what does still stay needs to be top of mind is if you're really thinking about doing something like a Roth conversion ladder, the one big thing that you need to get in front of is when you step away and for the window of time that you're going through this conversion process, you need to have five years of living expenses to keep the whole thing going, five years or more to keep the whole thing going. And so it sounds like Dan has that part sorted unless I'm misunderstanding something.

30:02Jonathan Mendonsa:Yeah, I totally agree. So yeah, I would actually challenged him that I don't think he needs to move away from pre-tax contributions at all. I'm a massive fan of pre-tax contributions. I think anybody in the FI community who understands the value of that and the fact that we can most likely pull our pre-tax money out almost tax-free, maybe very likely tax-free, depending on our expenses. It's why we in the FI community don't believe as strongly in Roths as traditional personal finance people do, because we have these amazing strategies to get this money out where you put it in tax-free and you get it out tax-free or pretty darn close.

30:38Jonathan Mendonsa:So yeah, I mean, Dan, of course it's impossible to give you advice based on just a paragraph, but I think you really need to rethink that. And everybody else listening, like there's a lot of talk about Roth, but man, there is really something special about what we can do with five strategies with these tax deferred items, like the 401k and the traditional IRA. I think there's a real high likelihood you're going to pay no tax on that ever. So if it were me, I'd just keep on pumping that money in. And he also says part of this is he's trying to figure out a way to slow down, to take a break, to shift to barista fi.

31:13And so I think it would be kind of cool as we're kind of thinking about table of contents and throwing things out there just to talk about some of these things that have popped up. And they have cute names and the names change over time. One that I think is here to stay is certainly this idea of coast fi. Barista Phi, I like that as well. I remember there was Fat Phi and Lean Phi and all these. It doesn't really matter. But the point is financial independence, the path to financial independence, it's not binary. You start and then nothing happens between now until you get to the finish line. Most of us know this at an intellectual level, but we don't slow down to realize the options that are available to us in the middle.

31:48And so Dan's thinking about that right now. Do I really need to wait till I get to 25X? What does it mean that I slow down? How do I slow down? You know, the people in the financial independence community tend to either due to nature or just due to patterns that they built over time, end up becoming high performers and a high performer that's used to getting results sometimes struggles with the concept of doing less. So that's a mindset shift. When the performance has gotten you the results, are you allowed to do less? You see people that are really good at academics struggle with this. Is there a point of diminishing returns?

32:24Well, what happens if I just slow down a little bit? And certainly when it comes to life, there could be a real value as you start to reclaim more of your time. You realize that you want to put your time into different things and not all of them return monetary rewards. And that's okay. So with that in mind, CoastFi is probably one of the most popular frameworks. And the idea behind this is at some point, your money is generating more returns for you than your contributions, right? And there's a point in time that you can calculate. CoSFI basically says, if you could hit a certain dollar amount in your investment accounts, whether it's pre-tax, post-tax, et cetera, and then you identify the age you are and then you were just to stop, would that money on its own, just through average market returns and projections, would that money on its own, that invested money, generate enough for you to, by the time that you're 65 or a regular retirement age, hit your financial independence number?

33:20And so you could then say, well, what if I wanted to, you know, hit financial independence sooner or whatever, you know, there's all sorts of ways to tweak the calculator, but the basic ideas, if you work really hard early on and you have horizon, then there's a case we made. There's a point in time where you could just stop making contributions and you could just be paycheck to paycheck. But because you did the front load of the work, you're already going to be fine. In fact, you're going to be more than fine. You're going to be far better positioned than anybody else in your sphere of influence.

33:50Totally agreed.

33:51Jonathan Mendonsa:Yeah, I think Coast Fi to me is absolutely revolutionary. And yeah, I joined Jess and Corey from the Pioneers on their Coast Fi Summit live event a couple of months back. And yeah, I think it really is just something cool where basically you've saved enough money that that money is compounding in the background and you can just coast on into Fi. And it works whether you want to reach Fi in whatever timeline suits you, right? So knowing, again, Jonathan, And another thing on our list of 100 is the rule of 72. So this is how quickly will my money double in essence? So you take the number 72 and you divide by your expected return.

34:31Jonathan Mendonsa:So we always say 8 % on your return. So literally, you just take 72, divide by 8, and it comes out to 9. So that's the number of years it takes for your money to double. So for instance, let's say your fine number is, I don't know, a million dollars, right? and you currently have a$250 ,000 net worth. So if your fine number is a million, your annual expenses naturally are$40 ,000. So let's say you have 250 ,000 and you say, okay, I'm gonna co-sign it. So what that means is that money is gonna double in the background every nine years. So after nine years, it's 500 ,000. And after 18 years, it's now a million.

35:06Jonathan Mendonsa:So you know, essentially, that you're gonna reach fine 18 years if you can just cover your$40 ,000 annual expenses. So instead of needing a job that pays you, I don't know, 100 ,000 or something where you're paying taxes and then you're saving and then you have your 40 ,000 expenses, you just need to cover the 40 ,000 expenses. That's the beauty of CodeSFi. So it enables you to take maybe take some more time off, maybe take a less demanding job, whatever. But I think it's a really cool rethink on, OK, understanding that my money is compounding in the background and I just need to cover my life expenses.

35:39Jonathan Mendonsa:I think most people can do that. Yeah. And the other one, Dan, you just, man, you're just teeing up the table of contents, right? But you threw out the other one. Let's just hit it because I think we're adding flavor and nuance to just thinking about things a little bit differently. Baristify. All right. So I don't know if this is like lexicon, official lexicon at this point, but most of us can appreciate this point. What if the idea of no work actually wasn't your goal, but it was just work that I could do regardless of what I was making, right? It was like, I'm going to make something. It's going to happen.

36:09I might work at the library. I might go get a job at the scuba shop. I might be a yoga instructor. I might be like anything I want. It isn't going to bring a killing, all right? But it's my passion. I'm there for other reasons. It'd be really great if I didn't have to sacrifice my financial independence goals and I could just do what I wanted to in the absence of worrying about what the paycheck was. Maybe it's a minimum wage up. So the idea of barista fi would be what number would I need to hit if I was planning on having some nominal amount of income, right? A nominal amount of income, a minimum, just peg it to minimum wage, minimum wage income or part-time hours or whatever it would be.

36:50But I can count on that. I'm going to do at least that. And then everything else needs to come from my investment accounts. If you could hit that, how does that change the number that you're targeting? And And especially if maybe where you are right now is killing you slowly or quickly, does that speed up or offer you more options that you could truly move to the work you love, even if the work you love is not compensating you enough to help you get your goal, right? You are giving yourself these off ramps by starting now instead of like waiting 10 years from now and saying your 10 year future self saying, why did you start 10 years ago?

37:29Why do you wait 10 more years? We could have just done this. We could just be there right now. So go to that scuba shop, get that job, go be that ski lift instructor or whatever it is. Go do the thing. That is barista fi. That is the possibility. So we just covered coast fi, barista fi, and we've brought them back up as a reminder about the official lexicon. Do we have an official lexicon? Is there a dictionary of financial independence, Brad? I don't know. I guess we could make one. We got to make one. All right. Wouldn't it be cool if? Nice. All right, Brad. Next, we got a call in from Lottie.

37:59Jonathan Mendonsa:Hi, Brad and Jonathan. I am so excited to be leaving you this voice recording from the UK. This year, we're going to be working towards hitting our half FI number 50 % of the way there. We're about 10 years in and we're fully CoSFI. Frankly, we're probably lean FI, but we're sort of going for a bit more of a fat FI number. We're also going to be working towards enjoying spending the money that we've allocated to spend because we don't just want to fall off the edge of a cliff when we hit FI and not have built up any muscles in actually spending and enjoying money. So the first thing we've done is book a trip for ourselves and our three kids in February to go to a little cottage on the beach for my youngest son's first birthday.

38:47Jonathan Mendonsa:What do I hope will be different a year from now? I'm hoping that I'm going to have become better at saying no to things. I feel we have the resources emotionally, physically, financially to say no to more work and to say no to social obligations that we just really don't want to do and don't serve us. And also I hope we will have said yes to more things that are going to bring us a lot of joy. What feels exciting, challenging, or even a little scary, I'm trying to optimize my health. I've been doing a lot of work on fitness and nutrition, and that feels quite scary. It also feels scary to put myself out there and make my voice known in the ChooseFI community.

39:26Jonathan Mendonsa:So this is my first scary thing that I'm doing right now. Thank you for all the amazing work you do. It brings me joy to listen to the podcast every week and to laugh and to learn about the American tax code. Who knew? It was so fascinating. Thanks again. Bye. And to laugh at the American tax code. That should be said as well. I respect the fact that she held that in reserve. she could laugh at the american health care system too while she's out oh so many humorous things are just like one giant oh goodness first scary thing jonathan first scary thing how cool is that oh man let's do more scary things yeah and that's the cool thing is you just lean in and who knows if the next scary thing is i'm gonna host a meetup in my local area right like that would be really cool And yeah, it just sounds like they're rocking it.

40:17Jonathan Mendonsa:First, enjoying spending money. That's a really important thing. I think the skill of spending is it's an interesting thing on both sides, right? The skill of spending starts with at the beginning of your five journey, you have to get optimized with your spending instead of just being having money pouring out of out the window. You have to learn the skill of spending wisely. But then at some point it does shift and you need to think about, okay, I need to spend on what actually adds value to my life. And I think that skill of spending is a continuum. So yeah, and she actually added in another piece of lexicon in LeanFi, Jonathan.

40:54Jonathan Mendonsa:So we're nailing all of these. First, it sounds like, yeah, they are COSFI. They're 50 % in or 50 % of the way to her FI number. As we said, almost by definition, you would expect nine years from now for that to double. That's assuming$0 additional savings. So COSFI is great. LeanFi is a separate thing where essentially if you cut out all of the extras in your budget and you just focused on the essentials. So you add up all of the essentials. What could I actually live on in a year? So that's like your lean budget, if you will. I could live on this. Now, is this going to be the perfect life for me?

41:27Jonathan Mendonsa:No, probably not. But it's could I live on this? Yes. Multiply that amount by 25. That's your lean five numbers. So Lottie's saying that she's probably lean five and about 50 % of the way to true fi or the fat fi that she probably wants. You find that individuals that are stating things out loud are usually drastically underestimating their progress on things. So as I'm reading this, I'm thinking to myself, Lottie could probably never earn another dollar again for the right, you know, and they're there, they've hit it. And I don't mean that. That's a good thing. But I'm just saying in general, when we're thinking about where we are, most of us tend to say, we just need a little bit more.

42:08We just need to do one more. Even those of us that recognize that the one more year thing is kicking our butts, we still kind of build in a little bit of buffer. And my point is not so much that you should abandon the way you're feeling right now, because that's amazing, but it's just recognize you've already made it. Give yourself the freedom to say you're there, right? And enjoy this next phase that you're entering into. And thank you for sharing with us. It's really exciting to think about the financial independence movement, just being a worldwide thing and agreed. Some of you aren't dealing with the same tax code.

42:39When we say Roth, you're like, all right, skip 30 seconds, that sort of thing. But the process, the mentality, LeanFi, CoastFi, these off-ramps, these shifts in mindsets, the way that you're going to find the 10 % savings, things like that. Some of them have direct translations. Some of them, you're going to find your community that's going to tell you things like, for instance, here in the United States, the standard deduction has just gotten to be a bananas number. And so for those of individuals that are thinking about doing things like doing itemizations, it's almost to the point it's so ridiculous that it's just like, okay, or you could just do the standard deduction every year.

43:15But the more extreme example of that would be like staggering donations, taking advantage of things like donor advised funds, et cetera, or front loading a lot of giving and then passing it off to the intended beneficiary over the following years while claiming the standard deduction. This strategy translates to most countries. Most countries have a version of this where you can do more donations in one year and then you can take the tax benefit from that in the single year and then you can do something else in the following years. And that's something that, you know, you should be aware of. And you just have to think about with the way that your tax code is structured.

43:50If money is fungible and you're in a place where you can balance out your cash flow over three years, you know what you're going to be doing. it's not going to hurt. Is there a way that you can front load some spending here to capture an increased benefit over a longer period of time, a short to medium term horizon?

44:06Jonathan Mendonsa:Yeah, Jonathan, I would jump in and say two quick things. So first, for all of our non-U.S. listeners, of which we have listeners in, I think, over 100 different countries, and you could correct me, the most recent number, but Chooseify is probably 95 % universal for everybody and then 5 % US specific. So just ignore that if you want or chuckle like glad he does. But yeah, Jonathan, the standard deduction. So this is actually really interesting because somebody asked this in our Chooseify apps feed about basically saying like, hey, I paid off my mortgage. What am I going to do now for deductions on my tax return?

44:40Jonathan Mendonsa:As if the mortgage interest like was a really integral part of that. And I think realistically now with the standard deduction being so significant over the last handful of years, this has changed really dramatically with some new tax law. The standard deduction for 2026 for married filing joint is$32 ,200. Get a lot of mortgage interest, are you? Yeah, right. I mean, you would need a lot of mortgage interest. You'd need a lot of everything, basically, state taxes and child loan contributions. Yeah. For single individuals, it's half that. It's$16 ,001. So realistically, I think I Googled and the IRS said 91 % of people use the standard deduction.

45:18Jonathan Mendonsa:So realistically, let's be clear, like unless you have something really interesting happening, you're using the standard deduction. So all of those other things like give to charity to give to charity, not because it's in this should be kind of obvious, but give to charity for that purpose, not because you're going to get some tax deduction, because I mean, frankly, even if you're over the thirty two thousand, it's just that marginal amount. So if you added up all of your itemized deductions and you're at thirty three thousand, well you're only eight hundred dollars over the benefit and let's say you're in a 22 marginal bracket right like we're talking a hundred bucks of value for all of those things you're supposedly getting deductions for so it's very important that people understand the tax code in our community and what you think you're getting in terms of tax deductions like that might have been the case seven ten twenty years ago but it's really not the case now but like jonathan said the final word on this.

46:10Jonathan Mendonsa:There are some advanced strategies like Jonathan, I know you tithe to your church and that's a significant amount, right? Like doing two years of tithing in one year, you could do it in January and December in essence. Okay. Plus your state taxes, plus some mortgage interest, like that might get you appreciably over the standard deduction. I'm really thinking about doing that. I've realized now that going each year is costing me money and I'm thinking about what would be the return be your front loading, you know, this is money that's now I'm really thinking about doing this move and moving into two to three year tranches going forward just because the deduction has gotten so ridiculous.

46:45It's just, it's, it's, which is great. It's great. It's a wonderful thing. I'm not complaining about the deduction. I'm just realizing that by doing regular pacing of my donations each year is in aggregate kind of just netting out. And I'm like, well, there might be a real benefit to grouping them together. I have to think through that and think through what the savings will be. And I'm not a hundred percent convinced because there, you just got to think through it, but I'm going to be making the donation, the contribution either way. So it's just thinking, all right, what's the best way to do this?

47:16So I will probably report back if I make a firm decision on that, but certainly the big thing you're right about here is you don't want to let the tax tail wag the dog unless you fully appreciate the picture. Agreed. Agreed. All right,

47:29Jonathan Mendonsa:Jonathan, what, when do we have coming in next? Brad, this next voicemail we got is from Wilson. What I love about this one, Wilson is going to highlight for us the fact that you can just, you can start over. Let's say you want to work, you're excited about a career, but you made a choice as an uninformed 16-year-old and that set you off on a path. And at the point of 26, you came out, you're working in the career and the career is toxic and you're miserable with that choice. Some people just think they have to keep their head down, maybe because of student debt, et cetera. And then on 65, whatever, and then you just take a lot of really expensive vacations to just make up for it.

48:04You outspend the stress, right? Well, we don't have to do that. You don't have to do that. This voicemail from Wilson really highlights that.

48:12Jonathan Mendonsa:Hey, Brandon, Jonathan. My name is Wilson. I live in Southern California, really enjoying the content you guys are putting out. Been an avid follower of Choose FI for about seven or eight years. Last year in 2025, I was able to negotiate a layoff for my company. So left my corporate career about 15 years and looking forward to the next steps in 2026. A lot of the reason I did this was to be home a little bit more with our littlest who turns two this year before we sent her off to daycare. Maybe something to blame you guys for or thank you for, but I've gotten the personal finance itch. So I completed a CFP course recently, and I'll be looking to make a career pivot into financial advising, looking for my first role, hopefully this year.

48:52Jonathan Mendonsa:So I'm really loving what you guys are doing this year on the podcast, making it more community-like, looking forward to more conversations like this. Jonathan P.S., I'm also a pharmacist by training. So cheers to us pharmacists, career changers. Thank you. So Wilson goes on to add that his wife doesn't actually believe it, and I get that, right? You've been kind of doing things behind the scenes, things are working out, and you say, hey, guess what we are? And then your significant other says, no, we're not. Okay. I mean, you can look at the spreadsheets. I don't want to look at the spreadsheets, but it's right there.

49:23Yeah, but it's a spreadsheet. Yeah, but it's a beautiful, I put a legend.

49:30Congratulations, Wilson. And as a former pharmacist, like, Like, you know, I know that there's probably someone out there. There's probably like the happy pharmacist dot com. They probably do exist. But Wilson knows that's a tough career choice. And there's a lot of other ones like that. And you got to get to a long path before you're there. So finding out on the other side usually leads to, you know, a little bit of an identity crisis and some heartache. But it sounds like Wilson has navigated this and is making this transition in a wildly successful way.

50:00Jonathan Mendonsa:Yeah. Huge congrats. So we heard some really awesome goals for this year. There's some exciting things coming up. We have many more responses and replies, which we're going to make an attempt to go through and actually to share in the show notes for this episode so that you can give feedback and encouragement to various individuals that are on this path and are stating something that they potentially want accountability for this year. So we're going to figure out how to do that. It's exciting. I will just say that one big thing that we're doing is we're trying to create the town hall, the town center for the discussions each week.

50:35The show is better when you interact with it. Two weeks ago, we talked about cell phones and passing. We mentioned two that were on our radar for MVNO with various features and benefits and use cases. We had some excellent feedback on that and we got some additional mentions for various locations and options in the country. So if you see or hear something that sparks your interest and you want to go farther, one, you can interact with us to ask follow-up questions in the discussion for the weekly episode, and that's inside the community. But two, you're also going to be able to get rounded out additional information from the many active community members that are participating in these conversations.

51:14So again, to do that, you can just go to choosify.com slash login to access the community there. And it's very easy to find the latest podcast episode when you do that. But I will just say, Brad, we asked for other people's goals. I think it would be interesting to go ahead and prompt you. Do you have any goals that you want to share with the community for 2026?

51:34Jonathan Mendonsa:Yeah, I definitely do. So I have it split up here, I guess, into personal choosify and money, we'll say, which is, I guess, personal. So start with the money side. So as I've mentioned on the podcast, my life has changed fairly dramatically in the last couple of years. And now that I have my solo finances, I'm really trying to get a handle on exactly what I spend, exactly what my life costs. And I'm really going to redouble my efforts to get everything on paper and get a real sense of what does my life cost? Track everything. Go back to the basics, really, Jonathan. It's something because I've been on autopilot for so long.

52:11Jonathan Mendonsa:is something I haven't done in a while. So this is really scrutinizing even down to the money challenge of looking at my credit card bill and seeing, can I cut things? Are there things on there that I'm not even aware of? I'd like to think there aren't, but I think that would be pretty naive. So yeah, I'm going to do that. And also getting my daughters more financially savvy. You would think they're the daughters of somebody who podcasts. The world's greatest accountant, former accountant. Yep, we'll go with that. You can find him at haironfire.org. Yeah, you know, you know. But yeah, so I just took them to the bank, each of them to get a checking account.

52:51Jonathan Mendonsa:So I want them to have more autonomy over their finances. They're both growing up. They're not little kids anymore, like when we started the podcast. So as they get older, I want them to have more say in their own financial lives and see when they spend, see it come out of their bank account. And can they pay for things? that hopefully would even set them up with a credit card itch and have them understand how that works, set up autopay. So I really, really like their own personal finances to be their own, as opposed to it being commingled with my finances. So that's a big goal for sure. Personal, I am finally, I've been talking about this on the podcast for almost nine years.

53:30Jonathan Mendonsa:I'm going back to Japan this year. That is going to happen. So that's a big goal of mine. Still in the planning process. I think it's a 99 % chance, but that is a big goal. I wanted to hike to the top of Mount Fuji since 1998 when I studied abroad there and saw it in the distance and was just wowed. So that's going to happen. Yeah, I have some general health goals. I don't know if honestly, it's funny because I wrote this in my newsletter. I said I plan to go to the gym basically five times a week, which is 250 times. I would like to do strength training three times a week. I'd like to do more of like a zone two cardio once a week and then more of a high intensity interval training once a week.

54:13Jonathan Mendonsa:So I think that's very, very doable. And I, you know, I'm going to start tracking it and make it happen. And then, yeah, just on the choose a buy set, I really want to see every single local group have their events in our new choose a buy community platform. I think this is, as I said earlier with Portland, we're seeing this at Richmond. I know we got a message from my friend Noah, who went to the most recent case study and said they had to bring extra chairs into this massive library room at our local library because it was overflow at the case study. And it's because people are posting these events and Ron and all the other people here in Richmond are posting events in the app that you created.

54:51Jonathan Mendonsa:And I really want to see that in every local group. So I know you'd love to have some automated way to do that, but I think it's going to be pretty hands-on for me. So I'm dedicated to making that happen. So yeah, those are my big goals in different aspects of my life. Nice. All right. So I just made some notes here. So let's see. So for my actual, you know, financial independence, tactical tax optimization related stuff, one of mine is actually looking into and making a decision one way or the other on strategic charitable contributions, likely using a donor advised fund and just, just kind of see what is the tax benefit for front-loading contributions to then capture the standard deduction on the other side.

55:32So that's the one that I'm doing the deep research on this year. And I'll have some conclusions about that, which I can report back later on this year from my own personal talent stack side of things. So I was able to get us a Chooseify app into the App Store and into the Google Play Store and that sort of thing. And that was a Herculean lift. And that was one of my goals for last year and I was able to get that done. I'm not like over the moon excited about the app. It's good. I mean, it's great. But my stated goal was, I don't want you to have to log in through a browser. I want you to be able to just access it through the app store.

56:07People are like, what is a web app? All right. This year I'm going to be learning React Native. So I've decided after circling the wagons a bunch of times and trying a bunch of other things that the approach that I want to do is React Native. So I'm going to be learning that, adding that onto my talent stack. it would be starting over because I don't know how to do anything in React Native, but I do have a pretty good approach to learning new skills. And I'm excited to see at the end of this year, if I can't do that. So I'm saying it out loud, you know, I'm going to do it regardless, but I'm just letting you know that is a thing for me.

56:35The other one that's related directly to the platform. And I worked on this last year with the goal of getting it out. I did get it out, but it's in beta, but we got to go farther. Is this financial independence planning tool. And as of right now, it's in beta and it does a couple of things really, really well. it will allow you to differentiate between a static financial independence number, which is based on expenses. And it'll start to differentiate into what I'm calling effective need, meaning you have some expenses that are going to roll off and you have some income that's going to be starting.

57:07These happen on a timeline. And so what you actually want to target is your effective need. What is your effective need number, which often will be less than your static financial independence number. You could think about things like a pension, social security. I made this incredibly more difficult by trying to also stack on a world tax engine on top of this, just because I'm an idiot and I don't know why. I was like, well, let's just make it work for all the tax codes. I'm going to have to do it all for the U. Let's just do it for all the tax codes. And so that means that everything just takes longer.

57:35And so not only do I have to get the U.S. tax code right and get rid of all those validation errors, but now I also need to incrementally start doing it for the countries where our members are. So I'm thinking kind of in order of people that have taken a stab at this. I'm thinking Canada, Australia, UK, and then in descending order from there, just by members and who's showing actual interest. So that is going to rob me of sleep. So that is on the choose by side. So the last thing is just kind of on the personal and relationship side of things. This one's kind of funny, but it's also serious. Like it's a real thing.

58:06And I made a commitment to my wife. I'm really trying to focus on not having to always be right. And I say this in jest, but I'm very serious about it. It's a very real thing. I find it often when I know I'm right. And that's completely different than actually being right. But when I know I'm right, I want to make sure the other person knows it. And even more than that, knows why they're wrong. And that is not a good character attribute in aggregate over long periods of time. And so when you're winning, when you're proving that you're right at someone else's expense, it's just, it just doesn't go well.

58:41It doesn't age well. And I've been reflecting on as I get more older and more entrenched in my own opinions, and it probably doesn't help that I have a podcast where I get to talk about my opinions out loud. So please, please hear me people. I'm not a bad person for this. It's just, this is just something I've recognized about myself. I'm course correcting. And I'm saying, even if you think the other person is wrong, really validate in your own mind, whether or not you need to let them know and just be a little bit more humble, you know, about that. So that's just kind of a relationship things.

59:09I am not a person to speak to other person's relationships, but in the spirit of goals, if I think I can do a better job with this, I think that my relationships in aggregate will be a lot better. So that is kind of my goals for 2026. I like it. All right, guys. Well, I tell you what, I want to let you guys know a little Easter egg here. Most of our best titles come from you. All right. And so probably what you're going to see us doing is identifying something in an episode. It won't always be the next episode, but identifying something that somebody said in this episode that leads to a future episode.

59:45Sometimes it'll be obvious. Sometimes it won't. But over the next two weeks, one of those two titles, I guarantee you, you will not be surprised by. In fact, I bet you can even bet what it's going to be. You'll see it come up. Well, in the episode, by just reminding you, join this conversation. Join this community. Go to chooseify.com slash log in. the fire is spreading my friends we'll see you next time as we continue to go down the road less traveled