In this episode, the Mechanic, the Accountant, and the Economist sample a couple of beers and discuss their transportation choices and expenses. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.
Beer #1 – Cutthroat Westcoast Ale – Brewed & Bottled in Kelowna by Tree Brewing Co [0:45]
What’s in the News?
- Cost of Living Rising in B.C. [2:40]
- Look at insuring for less than a year expiring before August so you can insure for a full year before the new rates come in – do your own research and satisfy yourself this a right for you [3:25]
Transportation Choices
- Shorten Your Commute [5:05]
- Recapturing commute time [7:25]
- Public Transportation [8:15]
- Carpool [9:50]
- Poparide [11:15]
- Self Propelled Transportation [13:45]
- Scooter [15:10]
- Carshare [17:30]
- Planning your route for errands [18:30]
- Taxi/Rideshare [21:15]
- Be conscious of your transportation expenses [29:10]
- Hypermiling [29:30]
2nd Beer – Function Junction Northwest Pale Ale Brewed & Bottled in Whistler by Whistler Brewing Co [25:00]
Reading List
Stupid Money Move [31:15] – Not Having Reasonable Expenses
- Fears of a market drop cloud retirement plans
- Case Study: How Not to Retire on 3.57 Million (Financial Uproar) [33:25]
Recent Posts
Hey boys- great show and a very timely episode for me. I listened while gearing up my e-bike for my 17 KM commute to work tomorrow for the first time of the 2021- St Patty’s day March 17th.
I’ve recently been introduced to your podcast by my cousin and I’m quickly becoming a big fan. Appreciate you sharing intelligent, actionable information in a fun way. Keep it up. Cheers to optimizing!
Hey Joel,
Nice!! I’ve been thinking about an E-bike. I haven’t justified the cost yet though. I really just need to get out and bike for exercise. But with an E-bike I’d be more likely to use it for running around town doing errands. No excuse…But Victoria is pretty hilly and I wimp out from riding to the hardware store as it takes 3 times as long! What kind of E-bike do you have? I thought about buying a kit and installing in on my bike, but not sure if it’s worth it.
Thanks for listening to the show. We do try and keep our infotainment light, but meaningful. Let us know if there’s a topic that you want us to dig into. Cheers, MM
Thanks for the reply Money Mechanic.
I didn’t specify my home town: Kamloops, BC = very hilly (my commute has 300m elevation gain both ways) and the e-bike gets it done. Although the e-bike (Kona Remote CTRL) was a large initial cost, I bought it used from a rental shop, so it was well kept, and I saved significantly on the sticker price. It makes my commute fun, still gives me good daily exercise, allows me to binge great Podcasts along the way and it’s free! I also tow my two young kids in our chariot behind my e-bike which is a blast for family adventuring.
On the theme of fun things to do- have you boys discussed vacations/travel and how to be smart about it? We are a frugal family but going out on memorable family getaways is something that we are not willing to cut out of our life. We bought a small, low-cost trailer to keep my young family comfortable while camping in our beautiful province as a somewhat budget-friendly approach to family holidays.
How do you guys plan and save for your worldly adventure etc. ? Perhaps that could be a show topic.
Cheers!
Oh yeah, definitely need an E-bike to get around Kamloops!!! That Kona looks like a really nice bike. I think the thing holding me back is the price tag, I know I probably wouldn’t ride it enough to justify a couple grand.
That is a good show suggestion. We haven’t talked much about travelling, and I think we’re all on the same page about not cutting it out of the budget. We also haven’t wanted to talk about travel while we’re all locked at home!!! But now might be a good time as we move towards things opening up again. It’s pretty crazy that all the campgrounds get booked within minutes of opening for registration. As for saving for travel, I’ve always earmarked cash back rewards, or miles for travel. They usually cover at least the accommodations. We’re also pretty frugal when we travel, buy food to have for breakfast and lunch. Pack snacks, enjoy free activities. I really try and avoid the usual ‘tourist traps’. I’ve never understood why people want to go and shop while on vacation, blows my mind. Anyway, we’ll put it on the show list.
Cheers, MM