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Are you Broke, Rich or Wealthy - A Practical Conversation About MONEY

Episode Summary

In this episode, we break down our history with money and our advice to those that feel stuck financially.

Episode Notes

Today we talk about money….

That topic that many people would rather not talk about, which is baffling because there’re fewer more important topics.

We recently put up a post on our socials, and some people made some comments about our ‘rich’ problems.

So today, Eddie and I break down our history with money right from the foundation we had when we first started working, our spending habits early on, and how this led us to file for bankruptcy during the last recession.

We explain exactly what got us into trouble so that you can avoid it and the changes we made to change our trajectory from bankruptcy to building wealth.

This is a very important episode for anyone who feels stuck financially or just looking to level up their life with better financial planning.

Tune in.

Key Takeaways

- What in the world (02:15)

- Taking three kids through college (11:42)

- Bankruptcy to building a business (15:18)

- Rich vs. wealthy (27:59)

- How to create options in your life (31:22)

- Focus on earning and cutting out stuff (36:25)

- Build your credit (41:26)

- Grow your savings muscle (43:28)

- Learn how to invest (44:05)