Today we chat with Joe Saul-Sehy from Stacking Benjamins. Joe shares his money story, which starts off with him figuring out how to get into debt, then discovering he didn’t like being there.
He learned that you can’t diagnose what’s wrong with you until you have it all in front of you, so he laid everything out and started a monthly money date with his wife to get everything sorted out and under control.
Joe has three fantastic tips to help you stay on your chosen financial path. He also shares the four assumptions about the FIRE community that are wrong.
This episode will help you take command of your finances and steer your life in the direction you truly want it to go.
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In This Episode We Cover:
- Joe’s journey with money
- Started off his life making a ton of bad assumptions
- Growing up with a payment lifestyle family
- How to hack your way to wealth
- The importance of tracking your spending
- The changes he noticed in his lifestyle when he began learning about financial independence
- Why you should consider paying down debt slowly and putting some money above the line
- How he changed his mindset
- The weekly money meeting he has with his wife
- The importance of hanging out with people who are successful with money
- Tips for connecting with groups
- When you should get a mentor
- How he paid off his debt
- Looking at his business as an investment
- How saving money became a game to him
- His philosophy when it comes to investing
- Wrong assumptions in the FIRE community
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Mr. Money Mustache
- Clarity Money
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Careers
- Car Talk
- Choose FI Facebook Group
- BiggerPockets Money Podcast 04 with Rosemarie Groner
- BiggerPockets Money Podcast 10 with Liz Thames
- BiggerPockets Money Podcast 19 with Chad Carson
- BiggerPockets Money Podcast 36 with Jillian Johnsrud
- Mindy’s Twitter Profile
Books Mentioned in this Show
- Set For Life by Scott Trench
- Guerilla Marketing by Jay Conrad Levinson
- The E-Myth by Michael Gerber
- Clockwork by Mike Michalowicz
- The 7 Habits of Highly Effective People by Stephen Covey
- Begin With the End of Mind by Stephen Covey
- The Truth About Money by Ric Edelman
- “I thought that spending more money equaled having more fun, equaled living your life better. That didn’t end up being true at all.” (Tweet This!)
- “You can’t diagnose what’s wrong with you until you have it all in front of you.” (Tweet This!)
- “Feel the fear and do it.” (Tweet This!)