We all have a money story, and today we’re sharing some of YOUR most inspiring ones. What makes personal finance really awesome is when we can come together and share stories to inspire and motivate others. Today we talk to three stackers who have done incredible things with their money and learned lots of lessons along the way. Katie was deep in debt for years before paying it off and entering herself into a savings competition at her local credit union. She won the 8-month long challenge by saving 78% of her income in that time! Josh and Alyssa moved from California to Texas without ever having set foot in the city beforehand. They worked to track and cut down on expenses in the year leading up to the move and they share how they did it. Last, Joe’s son Nick set himself up so he won’t be stuck in mom’s basement by owning 11 rental properties at the age of 27! He talks about his strategy, how he got started, and why he dove headfirst into real estate investing.
We also left time to throw out the Haven Life line to Brian and answer his question about the 4% rule with a pension. And of course, Doug shares his trivia.
Our Special Guests
Big thanks to our Stackers today for sharing their stories. Katie Pruitt won her local credit union saving challenge, Josh and Alyssa Lane moved to Austin, TX with no job and Nick Sehy owns 11 rental properties by the age of 27. All three share their story with us today.
- What hunter-stumping, duck friending famous cartoon character made his first appearance in 1940 on today’s date?
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Brian has a pension and wants to know how the rule of 25 (inverse of the 4% rule) impacts that.
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- BRRRR method and David Greene interview
- Broke Millennial by Erin Lowry
- I Will Teach You To Be Rich by Ramit Sethi
- Set for Life by Scott Trench
Written by: Brooke Miller
Miss our last show? Listen here: Mr. Money Mustache on Early Life Lessons, Real Estate vs Stocks, and What’s Up With This Stock Market