This fall, I’m attending a conference called FinCon. This 3-day event focuses on the business of personal finance media. Bloggers, vloggers and podcasters from all around the country come to grow their small business and learn how to provide the most value to their audience.
When I read the Total Money Makeover by Dave Ramsey in 2011, I knew going through all of the 7 baby steps could take quite a while. The book’s structure of saving money, paying off debt and investing was simple and easy to understand, but it definitely had some years attached to it. This was not a “get rich quick book” for sure. Nevertheless, I was intrigued and inspired to follow Dave’s 7 steps and see where it took me and my new family.
Over the last year on my podcast, I’ve had the pleasure of speaking with a collection of millionaire entrepreneurs, early retirees and personal finance experts. These conversations have allowed me to learn, grow and inspire others to win with their finances and create a better future for their family. After each episode, I share a quote that motivates me and the listeners of the podcast to take action.
I remember the day I received my first job offer. A $38,000 annual income! For a young guy right out of college, this seemed like an absolute boatload of money. I felt like Scrooge McDuck swimming through his vault of gold coins!
That same year, I leased an Audi Convertible, bought my first home with 10% down and traveled on a week-long vacation to Mexico using my home equity line of credit (HELOC). I was in my early 20’s, I was living paycheck to paycheck but I didn’t care. I was having a blast.
Real estate investing has been something I’ve been interested in for a long time. The ability to own a home that provides a monthly passive income and grows in value at a consistent rate over time sounds quite appealing to me.
When I was in high school, I was really into movies. I loved watching them in the theaters. I had a collection of my favorite flicks on VHS. I even made my own murder mystery movie (I pretty much ripped off Scream).
All of those memories came flooding back to me last week when I interviewed a couple of real Hollywood movie producers. These are actual professionals that are making movies and putting them up on the big screen for the world to enjoy.
When you’re in your 20’s and 30’s, planning for retirement doesn’t always end up at the top of your to-do list.
“Hmm… let’s see … check out the lineup for Lollapalooza or learn about my 401k investment options at work?”