Adulting Is Easy: Making Personal Finance & Real Estate Easy
391 episodes - English - Latest episode: about 23 hours ago - ★★★★ - 7 ratingsIf we make money easier, we make adulting easier. Period. Lauren interviews guests about personal finance topics, like real estate, saving, credit, budgeting, debt, investing, crypto, stocks, dividends, and more. Neither Lauren nor her guests take these topics too seriously though. If you're interested in learning about money and reaching financial independence in an approachable way, this podcast is for you. You'll learn personal finance basics and gain ideas about how and where to invest.
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Episodes
Announcement & Happy Independence Day!
July 02, 2024 11:00 - 1 minute - 1.58 MBHi guys, Lauren here. First of all, thanks for being with me for nearly 5 years. Time has flown and this has been one of the best decisions I've ever made! That said, I'm buying a house and going on some vacations coming up. So, for the forseeable future Adulting Is Easy is going to do episodes every other week instead of every week. The House Money Podcast is going on a summer break, but in late August/early September you can catch House Money in those intervening weeks if you'd like! Than...
AIE 184: Small Expenses That Add Up Over Time
June 25, 2024 11:00 - 38 minutes - 27.8 MBLauren invited her sister Jenny back from a mid-year episode. Lauren created a list of small expenses that add up over time. Take a look at your budget or spending and see if you can cut any of these low hanging fruit: Subscriptions Delivery memberships (Prime, Instacart) Bank fees Data storage Physical storage Insurance and warranties Pricey gyms Cigarettes and other vices Eating out or takeout Coffee Shopping online (Amazon) Apps Lottery tickets Sources for list creation: h...
AIE 183: Net Worth: What, How, and Why
June 18, 2024 11:00 - 38 minutes - 35.1 MBThey kick off by defining what net worth is and talk about why it matters. But they’re sure to point out that net worth isn’t self-worth. It’s just a part of your wealth. Since net worth is the value of your assets, less the value of your debts, they discuss some examples of assets and debts. They all agree that your primary home is an asset. Understanding and tracking your net worth helps you make financial decisions. Adam and Emily track their net worth and income statement monthly, and La...
AIE 182: Equity Exchange: Selling Stocks to Buy a Home
June 11, 2024 11:00 - 27 minutes - 25.1 MBBefore we talk about selling stock to buy a house, we must understand what a stock is, and how you can buy and own them, so that’s where Lauren and Landon start. They also go over what a brokerage account is, versus your retirement accounts. Sometimes, even for long term investors, short-term needs and wants start to outweigh long-term needs and wants. For example, it may become more important to you to buy a home than hold your stocks. Also, interest rates mean that putting more down pay be...
AIE 181: Car Wash Cash Flow: Small Business Financial Tips
June 04, 2024 11:00 - 25 minutes - 23.1 MBLauren and Rocky open up the conversation talking about what success means in business. Most business comes down to math, and simple math at that. If you sit down before starting a business and do the math, you should have an idea about whether the business can be successful. The conversation takes a turn towards cash washes, which Lauren welcomes. Is this really becoming as oversaturated as it seems? Lauren then asks Rocky to demystify and differentiate “money” in business: revenue, profit,...
AIE 180: The Landlord Who Rents
May 28, 2024 11:00 - 34 minutes - 31.4 MBFirst, Lauren needs to know why people call him Rock/Rawk. Then, she asks about the “accidental landlord” thing. It turns out, what happened to Rawk and his wife is a tale as old as time: they bought a house thinking they’d stay a while, but then a job offer took them elsewhere. Lauren and Rawk dive into the numbers of that “deal”: purchase price, interest rate, and rent. Then, the conversation transitions to overall personal finance, like saving vs investing and budgeting. Interestingly, Ra...
AIE 179: Don't Read Think and Grow Rich (AIE 61)
May 21, 2024 11:00 - 1 hour - 60.8 MBLauren needed a vacation, so we're replaying one of her favorite episodes in which she and her friend Kurtis absolutely destroy the beloved self help book Think and Grow Rich. Note that the sound wasn't as good back then, but it's still very easy to listen to. The original episode was posted October 12, 2021. The book Think and Grow Rich was written by Napoleon Hill and published in 1937. It is a famous personal finance book recommended by many. On this episode of Adulting Is Easy, Lauren a...
AIE 178: Bitcoin: Have Fun Staying Poor
May 14, 2024 11:00 - 35 minutes - 32.8 MBYou can’t talk about Bitcoin without starting with defining cryptocurrency. When you think about it, even the US dollar is somewhat digital. What makes cryptocurrency different is that it’s decentralized. Bitcoin started as a cryptocurrency, but it’s morphed over time to a store of value and hedge against inflation. Andy emphasizes that Bitcoin is very much in its infancy. He goes on to explain mining, the global ledger, blockchain, and how it all fits together. Andy explains how Bitcoin is ...
AIE 177: Wedding Venue Business Breakdown
May 07, 2024 11:00 - 29 minutes - 27.3 MBLauren kicks the interview off asking about how Alex and his wife got into the wedding venue space. Their interest in the wedding space started when they were planning their own wedding over 5 years ago. It was important to them that they go away from the barn look that so many venues have now. They have both a groom and bridal suite. And they wanted it to be close to the airport. They do offer some additional amenities, like games, fire pit, water feature, and putting green. And they offer ...
AIE 176: Millions Locked in Retirement Accounts… What to Do?
April 30, 2024 11:00 - 35 minutes - 32.3 MBLauren throws Andy a curveball right at the beginning by asking WHY he paid his house off. This is a very controversial topic in the personal finance world. Turns out, he had an OK reason, but the interest rate was pretty low…. Next, she asks how much money people need for retirement. Andy has a different take than she’s heard before. There’s a difference between wanting to retire after 59.5 and wanting to retire early. The planning is different, but a margin for error is important. Then, An...
AIE 175: Are Student Loans a Scam? How To Pay for College
April 23, 2024 11:00 - 37 minutes - 34.2 MBAllie is so passionate about young professionals succeeding. She kicks off by telling us about how she started a PR firm and ended up hiring a lot of young professionals. Allie started teaching them things they didn’t learn in school, like how to request PTO or set a meeting, for example. Eventually, she built a company around this passion, teaching and training young people. Not long after that, Ascend acquired that company, Ampersand. Lauren asks more about the young folks she was hiring a...
AIE 174: Change Your Own Life: Make More & Pay Off Your Debt
April 16, 2024 11:00 - 33 minutes - 30.5 MBDevine got tired of being tired. That’s when he decided to take the financial reigns and start preparing for an early retirement at 45 or 50 years old. His cousin encouraged him to get into computer engineering, which is a great career. But when he started out, although he was making good money, he had student loans, then he added auto loans, then some credit card debt as well. On the bright side, he was putting some money in his 401k right away. When he got married, she had some credit card...
AIE 173: Passive Income with Andrew from The Personal Finance Podcast
April 09, 2024 11:00 - 24 minutes - 22.1 MBLauren opens by asking Andrew why he started The Personal Finance Podcast. He started it in 2020 to share his passion with others. He loves hearing about people’s “lightbulb moments” when they unlock an ability to build wealth and therefore unlock some time freedom. Then, Lauren and Andrew transition to discussing ways to grow your income passively. There’s a spectrum of income from active to passive, and they two discuss items along that spectrum: dividend investing, stocks, bonds, REITs be...
AIE 172: Hack Your Way to Wealth (Even on Minimum Wage)
April 02, 2024 11:00 - 31 minutes - 28.8 MBLauren opens by askingBrian how he came to the conclusion to change paths from the business path to the missionary one. He truly felt God was leading him in that direction. That was the best way for him to have a positive impact on the world. Then, they dive into how people can invest on low incomes. Don’t wait until you make more! And remember, wealthy people buy luxuries last. Then, they dive into the HACKER(RRR) method: Hack your lifestyle, for example, with house hacking; pay attention...
AIE 171: Taking Over Dad's Real Estate Business
March 26, 2024 11:00 - 31 minutes - 28.4 MBLauren starts by asking why Vanessa dropped out of college. It turns out, she’d be considering it for a year, but she felt she wasn’t learning anything she couldn’t learn in the real world. Vanessa’s father had asked her to join his real estate business, and she’d finally made the decision to follow in his footsteps. Vanessa then shares her father’s story, who invested in real estate on the side while he was a police officer. Eventually, he took that side business full time. Vanessa shares m...
AIE 170: All About Roofs & Don't Ever Skip Inspections (HMP 26)
March 19, 2024 11:00 - 49 minutes - 40.6 MBBOY DO WE HAVE A TREAT FOR YOU THIS WEEK! Lauren puts out 2 weekly podcasts, one of course being Adulting Is Easy. The second is called the House Money Podcast. Here's episode 26! House Money Weekly In this week’s House Money Weekly segment, Lauren and Alan have a special guest, Chris Luger from Heavy Metal Money where they discuss blog 125, which is about the 3 essential skills every real estate investor should have. The 1st essential skill is being optimistic. Alan experiences people tel...
AIE 169: Real Money is Made During Downturns - Get Ready
March 12, 2024 11:00 - 42 minutes - 38.7 MBWhat makes Chris the self-proclaimed Gas Biz Guy? Chris shares his origin story. It turns out his family was “in the business.” The name comes from his uncle’s plate from his Corvette. Lauren wonders what “gas biz” really means, and Chris breaks down all of the businesses in that sphere, many of which he has personal experience in. In short, Chris was born an entrepreneur. Then, the 2 transition to discussing the personal finance reality of business owners. What follows is a gut-wrenching st...
AIE 168: Keep Finance Personal: Get Your Time, Energy & Financials Right
March 05, 2024 12:00 - 27 minutes - 25 MBLauren and Cody kick off the interview by talking about what a CFP® is, and how someone becomes one. The curriculum covers a wide range of financial information. Cody describes financial planning as a bridge between your financial ecosystem and your family’s goals and values. Cody argues that financial planners get a bad rap because of some financial advisors trying to take over management of your investments and sell you insurance on top of it. Some people even call themselves financial pla...
AIE 167: Wealth Blueprint: Using Your 9-5 to Buy Assets and Retire Early
February 27, 2024 12:00 - 27 minutes - 25.4 MBLauren comes out of the gate hot, asking exactly how Lindsay accumulated her $100k of debt. Basically, when she started making money, Lindsay blew through it, and ended up with all of her income going towards payments. Most people think of personal finance through payments. Lindsay didn’t know what she should be doing. How did she eventually get on track? This is gut wrenching. Lindsay and her family were at the Route 91 shooting in Las Vegas, and she realized life is too short to spend your...
AIE 166: When You House Hack a House Hack
February 20, 2024 12:00 - 27 minutes - 25.6 MBBrendan defines house hacking as making income off of a residence you live in. He took his first house hacking step around the age of 22. He started by playing defense with his finances. Then, he bought a duplex in a college town near where he grew up. Brendan and his buddy bought the place for $110k, then put a bit of sweat equity into it. They rented the top unit to students and also got 2 roommates for the unit they were in. With that first success under their belt, they moved onto anothe...
AIE 165: Personal Finance Questions to Ask Your Sweetheart
February 13, 2024 12:00 - 31 minutes - 33.1 MBHappy almost Valentine's Day! This week, Lauren brings her husband Aric back to discuss an apropos topic. Using an Equifax article for inspiration, the two go back and forth asking each other financial questions. The topics range from income, credit, expenses, debt, goals, kids, and retirement. This episode brings a lot of levity and laughs between the two, who realize after almost 5 years of marriage and 9 years together, they know quite a bit about each other, but not quite everything! If...
AIE 164: Move Yourself Physically, Mentally, and Financially
February 06, 2024 12:00 - 33 minutes - 30.6 MBJustine opens by telling a gut-wrenching story about giving VERY honest, public feedback at her corporate job. This left her feeling vulnerable to being canned, but she got a lot of respect from others in her role. The wheels of change had started to turn, but they started turning in earnest when she attended a personal finance training session. That’s when she started investing in index funds. Individual stocks and bonds followed. Justine then shares that she was once in an abusive relation...
AIE 163: Overcoming Landlord Not So Horror Stories
January 30, 2024 12:00 - 30 minutes - 27.7 MBDan went to college for finance. He got into real estate when the company he worked for after college committed massive fraud. Dan saw what his colleagues were going through who relied on their sales income to live when that income was torn out from under them. Dan became interested in the financial independence movement. He learned that with real estate, a tenant can pay down your mortgage every month, among other great benefits. Dan did momentarily succumb to analysis paralysis while learn...
AIE 162: Stop Stressing About Money (A How To Guide)
January 23, 2024 12:00 - 27 minutes - 25.6 MBAre people more stressed than they used to be? Yes! Some of it has to do with awareness because of how much information we have access to. Naturally, we as humans are affected by our environment. Our stressors aren’t as obvious as they once were, i.e. email vs predator. Lauren asked about the difference between stress and anxiety. While stress hormones are necessary for survival, we’re really overloaded with them now. Keep in mind that stress differs whether it’s in your conscious or subcon...
AIE 161: Beyond Broke: Unleash Your Financial Potential
January 22, 2024 17:12 - 27 minutes - 25.6 MBAdam started coaching over 20 years ago. He bridges the gap between financial advisors and therapists. Money can bring up feelings of fear, guilt, and shame. It’s OK to get help from others to summon courage. Ask yourself what your feelings are. What is coming up for you, even listening to this episode? You could also do journaling. It’s especially important to recognize shame, anxiety, and avoidance. Adam tells a gut-wrenching story about how one of his clients realized money killed both he...
AIE 160: Turning Real Estate Investing Into MORE Businesses
January 09, 2024 12:00 - 30 minutes - 27.5 MBJosh’s partner, Antoinette, got him into real estate investing. As a professional referee, he was very focused on his career, but he got involved in the real estate business during Covid. Antoinette’s background is in a sales career, and Josh actually motivated her to follow her dreams like he had. When Lauren asks Josh about their “why,” he makes a great point that your why may change over time. You may not know where you want to go when you start. The opportunity recently presented itself ...
AIE 159: What To Do When You Inherit a Property (or Bequeath One)
January 02, 2024 12:00 - 34 minutes - 31.6 MBLauren starts by asking Ruthie how you inherit a property. It’s important to have a plan for your assets. You can leave property to others through a will or trust. Another way is from rule of law. It sounds like you should choose the will or trust route. There are some obvious benefits from inheriting a property. You don’t have to come up with the money and go through the process of buying one! Unfortunately, there are downsides too. Firstly, someone who is most likely close to you has died ...
AIE 158: Year in Review 2023
December 26, 2023 12:00 - 59 minutes - 31.9 MBIt's that time of year. Time to look back on Adulting Is Easy's FOURTH full year of podcasting. (BLOOPERS at the end) Audience: more than doubled again; getting more than 2000 listens per month, and almost 40k in total About the listeners: 81% from the US (83% last year) Others: Canada, UK, South Africa, Australia, Cambodia, Germany, Spain, Netherlands, Mexico, Sudan, Switzerland, Philippines, UAE,Japan, India, Ireland, Israel, Denmark, Ghana (new), Belgium, Puerto Rico, Argenti...
AIE 157: Regulating Personal Finance Influencers
December 19, 2023 12:00 - 27 minutes - 25.6 MBNote: Tom had some internet issues early on in the interview, sorry about that! Lauren kicks off by asking what the difference is between a financial advisor and a financial planner. Interestingly, they can be very different or very similar. Tom thinks anyone who panicked during the toilet paper shortage should have a financial planner (those that panic!). Also, he thinks people with complicated portfolios, like maybe doctors, as well as second generation wealth. Of course, given Tom’s lice...
AIE 156: Financial Independence Doesn't Have To Be Extreme
December 12, 2023 12:00 - 26 minutes - 23.8 MBRachael starts by discussing what financial independence is: being work optional. You’ve built up enough assets that they provide you enough income that you no longer need to work. But what if you like working? You don’t have to have traditional financial goals of completely stopping work at any point. Lauren points out that your feelings about work may change, and you should be ready if that happens. Then, they transition to discussing the FIRE (financial independence retire early) movement...
AIE 155: Nerding Out Over Airbnb Stock
December 05, 2023 12:00 - 26 minutes - 23.9 MBBrad Freeman aptly named his company Stock Market Nerd because that’s certainly what he is – in a good way! Brad is fascinated with stocks because you can be wrong a lot and still be very successful. He believes in leaving no stone unturned when it comes to researching stocks. It’s a little obsessive actually. For him, knowledge is both power and comfort. Researching stocks to try to outperform the market, to Brad, is a full-time job. He shares what he’s learning in his newsletter. Brad also...
AIE 154: Small Business Exit to Accredited Investor and Beyond
November 28, 2023 12:00 - 25 minutes - 23 MBTrina graduated from college in 2009, and there were not very many jobs available. She continued working in the service industry when she graduated. Trina loved gardening in her own yard, so her customers started asking her to plant their own flowers. Her first year (Apr-Jun), she generated $10,000 in revenue. She decided that the following year, when she turned 30, she’d be full-time. She met her goal and generated $175k the first year she was full time. Trina knew from the beginning that t...
AIE 153: Doing Your First Deal with Your Family
November 27, 2023 17:07 - 27 minutes - 25.3 MBSince Brett bought his first house in 2022 and his first investment property in 2023, Lauren had to ask about investing in this current environment. Brett did this deal with his grandparents, and it was a great entry point for all of them! Interestingly, the deal is out of state for all of them. Brett breaks down his numbers of his first (primary) home, a townhome. Then, the two transition to breaking down the rental deal, and start by talking about working with family. His grandparents were...
AIE 152: Mobile Homes May Be the Future of Affordable Housing
November 14, 2023 12:00 - 28 minutes - 26 MBLauren opens by asking the obvious question, as she often does: what’s a mobile home? Rachel touches on the history of mobile homes and manufactured homes. They started as a home for rich people to take with them on their vacations! Now, they’re not moved very often in their lifetimes. They’re usually set on blocks, wheels removed, and hitches removed. Rachel points out that since 1976, HUD got involved and created some standards throughout the industry. Rachel shares how she became “Mobile ...
AIE 151: Our Financial System Runs on Bonds
November 07, 2023 12:00 - 23 minutes - 21.5 MBBonds are like IOU’s issued by governments and companies. They usually come in denominations of $1,000 with different interest rates (coupons). As yields (rates) on bonds increase, existing bond prices decrease. David (Uncommon Yield) breaks all thismdown and more for Lauren. Then, they get into the importance of the 2-year and 10-year treasury rates, and what it means when the 2-year is higher than the 10-year (when the yield curve inverts). Why do bonds matter? They underpin the whole fina...
AIE 150: Getting Started in STRs and Getting Direct Bookings
October 31, 2023 11:00 - 45 minutes - 41.7 MBIn honor of both our 150th Adulting Is Easy podcast episode, our 4th podversary (which was Oct 29), AND Halloween we're replaying our most popular episode from 2022. Even if you listened to it last year, you may want to check it out again. Joe is a great STR operator and we're sure you'll get something great from this one, even on a second listen! This week, Lauren interviews Joe about his rental business, which includes both long- and short-term rentals (STRs/Airbnbs). Joe makes a great ca...
AIE 149: Personal Finance is Personal and So is Investing!
October 24, 2023 11:00 - 20 minutes - 18.4 MBWhere better to kick off this interview than talking about what investing is? Mark talks about the difference between investing and gambling or speculating. He also goes into the foundation that should be set before investing. So, your personal finances need to be in order first! It’s important to take into account your risk tolerance, goals, and time horizon(s). Sometimes, though, you don’t know what your risk tolerance really is until push comes to shove. Lauren tells her own risk toleranc...
AIE 148: A Million Bucks by 30
October 17, 2023 11:00 - 24 minutes - 22.7 MBAlan grew up with public school teachers as parents, so he saw wealth as a child, but he never had any. That’s why he wanted to have a million bucks by 30 – and write a book about it! He started this journey right after college, at the age of 21 or 22. Alan’s first step was to live off a small percent of what he was making. How did he save so much? He “hid” money from himself by having his HR department send a huge percent to a bank across town (remember, this was 20 years ago). Every Januar...
AIE 147: $51k in Debt to House Hacking to Freedom
October 10, 2023 11:00 - 38 minutes - 35.4 MBWhat started as a conversation about buying a vacation home led to the realization that they couldn’t even afford a vacation! This week, Lauren interviews the Debt Free Guys, David and John, about their journey of getting out of debt, which leads to a whole conversation about their journey to becoming the Debt Free Guys, which wonderfully includes house hacking. The first step, once they realized they were in a financial mess, was to go through their inflows and outflows. That led to further...
AIE 146: 6x Your Return with Credit Card Rewards
October 03, 2023 11:00 - 28 minutes - 25.8 MBChris Campbell has 12 credit cards – more than even fit in his wallet! Lauren asked about the difference between rewards, cash back, and travel points. Chris is a big fan of travel rewards credit cards because you basically get a better return on your spending, more than you’d get with cash back, up to 3x times more! According to Chris, you can routinely get 6% back rather than the normal 1-1.5% cash back. Chris is partial to the Chase Sapphire credit card. If you combine rewards with loyalt...
AIE 145: Entrepreneurial Misadventures to 6 Figure W2
September 26, 2023 11:00 - 23 minutes - 38.6 MBLauren had to start by asking about his entrepreneurial journey to date, which is extensive even though he’s only 24. Andres’s drive may have simply continued when he quit baseball after taking it very seriously for 14 years. That’s when he was introduced to the world of sneaker sales. While still in college, he created a company flipping sneakers. It was a “very profitable 8 months” before the stores closed for Covid. Meanwhile, Andres was renting licenses for bots that sourced sneakers in ...
AIE 144: Where Real Estate Investing & Entrepreneurship Meet
September 19, 2023 11:00 - 29 minutes - 27 MBJo has been in the short-term rental space for 8 years. He’s done both arbitrage (renting a unit from a landlord on a long-term basis and listing the unit as a short-term rental) and property management. Get this – Jo charges 20% of the NET INCOME for his PM services. The meat and potatoes of the conversation shifts to the “Airbnbust.” Jo goes into detail about his entrepreneurial ventures, including a dog resort, to guess what the future holds for the short-term rental space. He thinks it’s...
AIE 143: The Best Form of Passive Income is Dividends
September 12, 2023 11:00 - 33 minutes - 30.4 MBLauren and Dave start by discussing some mistakes he made early on in his investing career. It started out OK. He was into the book The Wealthy Barber. He actually started investing religiously at 19 years old! Once he got out of college, he started raiding that investment account. So, that was the first big mistake. The second one was marrying the right person who encouraged Dave to draw down his retirement accounts for present wants. Then, the two discuss how to potentially not marry the w...
AIE 142: Invest for Your Kids Born and Unborn with Budgetdog
September 05, 2023 11:00 - 22 minutes - 20.4 MBThis week, Lauren interviews the Budgetdog himself, Brennan Schlagbaum. Brennan talks about parenthood and gets into what it’s like to parent a special needs child. Brennan and his wife Erin have an almost-2-year-old with Dravet syndrome. One theme woven throughout is the importance of having time, money, and health at the same time. Then, the two focus on the topic at hand: investing for your kids. The Schlagbaums started investing for their first child, Logan Lee, before she was even born....
AIE 141: All About Short-Term Rental Cleaners
August 29, 2023 11:00 - 30 minutes - 27.7 MBAccording to Chris (and probably all STR hosts really), your cleaner is your most important team member. With a low performing cleaner, you’ll have a low performing property. Chris outlines 5 ways to find cleaners: 1) messaging other hosts on Airbnb, 2) searching online and reading through websites, 3) drive around at check out time and talk to cleaners, 4) local investor groups, like on social media, and 5) apps, like Turno. Both Lauren and Chris recommend having the same cleaner or small g...
AIE 140: There's More Than 1 Way to Be an Entrepreneur
August 22, 2023 11:00 - 32 minutes - 29.8 MBEric started his first business at 19 years old. He tried a bunch of different jobs before that, like factory work and landscaping, so he knew what he wanted out of a job. Turns out, freedom really is the best part of being an entrepreneur. You can start working at 5:30 am, or even start the day off with a walk! Eric takes issue with the quick entrepreneurship tips he sees online. Does $10k per month really mean success? Business owners need to have goals that make sense for them. Entreprene...
AIE 139: The Future of Short-Term Rentals with Paul from Summer
August 15, 2023 11:00 - 35 minutes - 32.9 MBLauren and Paul talked about what it was like to work at Airbnb when the startup environment had so much money flowing through it. They touched on the short-term effects of Covid, as well as the longer-term ones. It seems like there’s more curiosity from the general public. Of course, they had to touch on the “Airbnbust” idea. Some areas are certainly becoming oversaturated. Paul gives great advice on underwriting your deals: think of the bear case and the bull case. In the last few years, i...
AIE 138: Wake Up Call $600k Settlement to $220k in Debt
August 08, 2023 11:00 - 25 minutes - 22.9 MBJustin received a settlement at 24 years old from his grandmother’s death from mesothelioma. He had just started dating his now wife (Haley) at the time. Not only did they spend all of it, but they also ended up in debt (although they did put a down payment on a house). Vacations, an engagement ring, a time share, but where did the rest go? They don’t really know. This situation was not sustainable, and they realized it when they bought pumpkin muffins while Haley was 8 months pregnant. Just...
AIE 137: Serving Tables, Showing Up, and Hustling to 17 Units by 23
August 01, 2023 11:00 - 26 minutes - 24.9 MBLauren interviewed the Wealth Building Waiter this week, Adam. He’s a 23-year-old who started in the restaurant business in 2020 and has worked his way up. Adam worked 6 days a week for years as a server and just recently transitioned to 3 night per week to spend more time on real estate: being a Director of a Housing program, managing and rehabbing properties, being on the board of his HOA, and being a real estate agent. Adam breaks down the mechanics of his partnership deals. How does he f...
AIE 136: Should You Invest Your Emergency Fund? with Nexus
July 25, 2023 11:00 - 31 minutes - 28.9 MBToday, Lauren interviewed the team from Nexus. Konstantin started investing 10 years ago. You get more from your money when you invest it vs let it sit in a bank account. He’s become fascinated by the numbers behind investing. When it comes to the culture around investing, many people think investing is inherently complicated. Index funds are not complicated and are a great place for new investors to start. You don’t have to day trade or read earnings calls. Should there be a foundation set ...