Chain of Wealth - Debt, Investing, Entrepreneurship, Wealth & More
Business:Investing
How this New Yorker achieved financial independence
Visit www.chainofwealth.com to grow your wealth
Mr. and Mrs. Groovy are anonymous PF bloggers. They know that wanting to escape from the tyranny of big government and financial dependency is one thing. But it’s knowing how to do it is another. A true groovy freakin freedomist is someone who has broken the freedom code and that’s what we hope to do today!
Welcome!
[3:46] So tell us something about yourself that you haven’t shared on the blog.
· 18 years old and got expelled from college
[7:24] You recently moved and are building a house. Where are you staying while it’s built? How long until it’s done?
· Staying with parents
· Should be done around the holidays
[11:6] What was your plan to becoming financially independent?
· We didn’t have a plan
· Wanted to get out of New York
[13:56] You created a checklist to help other people get on the roll to FI- what sort of things did you include on the list?
· Habits are destiny
· Do something silly
[19:8] If someone in their 20’s or 30’s is listening- what is one or two really important things they need to be doing to set themselves up for financial success?
· Get in the habit of tracking your spending
[25:9] Let’s talk about your post, How Saving for Retirement Is Like Removing Dingleberries from Your Ass- there are so many great points in this post- like how saving isn’t taught in schools. What are your thoughts on this?
· Talking to Billy from Wealth Well Done
· Was a joke post
[32:38] Last- can we please talk about a junior IRA? Actually IRAs in general because it’s a commonly used phrase and not a common taught subject.
· IRAs for kids
[37:34] Value Link: https://www.chainofwealth.com/airbnb or
wwww.hostingyourpad.com
[38:3] Why do you think people struggle to achieve their dream?
· Focus on the prize rather than the process
[40:14] Any books or podcast recommendations?
Podcast: Tim Ferriss, Stacking Benjamins, Paula Pant, ChooseFI, FireDrill, Countdown to FI
[43:2] Favorite quote?
“Discipline is freedom”
[43:43] Any last advice?
Fix yourself before you fix the world
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