31 min listen
How this guy is taking a year off work
FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More
How this guy is taking a year off work
FromChain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More
ratings:
Length:
41 minutes
Released:
May 24, 2018
Format:
Podcast episode
Description
Visit www.chainofwealth.com to grow your wealth Scott is the creator of the blog I Dream of FIRE- a personal finance blog dedicated to his journey down the road of financial independence and early retirement. Scott has recently started a mini-retirement in April and is working on creating amazing content for his blog. Welcome! [3:20] So you are new to a mini-retirement, what has been your biggest adjustment? · Epic birthday this year [4:47] How do your days look now? · Breaking out of being a secret blogger [10:5] Were you nervous at all about quitting your job? · Started to feel stagnant about work · Felt ready for a change · Ran through numbers on the spreadsheet · Was not a quick decision · Wife said to just pick a date- settled on birthday [12:20] You are on a mini-retirement, does that mean you plan to go back to work at some point? · Means different things for everyone · Going to spend time looking to do something different · Not financially independent [15:24] So you tell about how you thought that you had a ton of money in your retirement fund, and then realized you didn’t. How did you turn that situation around? · Switched careers in 2013 · Shifted to higher education · 2013 the market had recovered- but the money was not growing · Realized his needed to track his own money [18:24] What advice do you tell others to avoid being in that same situation? · Tells everyone that story · Happens to people very often · Do your own research [28:16] What inspired you to create your blog? · Started talking to friends · Had some amazing conversions · Shared what was read on blogs [29:16] What has been your favorite post? · Highly effective money management matrix · Video collaboration- 12 days of Christmas · Guest post for J$ [33:39] What are some goals that you have for your retirement or your blog? · Have a bunch of book recommendations to read · Try some new environments · Volunteering · Dad stuff [35:33] If you could go back and tell a younger version of yourself something, what would it be? · Start travel hacking Sponsors [36:44] Value Link: Learn how to make some extra cash! chainofwealth.com/airbnb Value Link Round (VLR) [37:0] Why do you think people struggle to achieve their dreams? · Might have too many priorities [38:2] Do you have any podcast or book recommendations? · Podcast: ChooseFI, countdown to Fi, Fire Hoppy, 99 Percent invisible [38:59] What is your favorite quote? · I never make the mistake of arguing with people for whose opinions I don’t respect [39:32] Any last advice? · Start wherever you are Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip
Released:
May 24, 2018
Format:
Podcast episode
Titles in the series (100)
John Mitchell talks about personal finance & couples joining money: LPL Financial by Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More