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Allie 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 at the PR firm. Interestingly, when Allie was hiring, she didn’t care what college they went to or even if they graduated! Initially, Allie started by offering a lot of amenities at the office. So, she transitioned to offering flexible workspaces and times. Lauren is curious about how much personal finance they knew. The answer is very little. They didn’t negotiate their salaries. They didn’t understand retirement accounts. Lauren asks if young people should go to college, and of course it depends on what they want to do. Then, Allie goes into the different ways students are paying for school. The moral of the story is: start with the free money first (scholarships), then maybe consider work study, then Federal loans, then private loans. Currently, the interest rates on student loans start in the 4’s and go up to 16%. Lauren and Allie then get into talking about the bad rap that student loans are getting right now. Whether to take loans out and how much to take is a huge decision, but it can be an investment depending on schools and majors. Then, the two discuss whether student loans should be forgiven or not. A huge recommendation Lauren had never thought about is this: pay even $25 per month while you’re in school! This keeps some of the interest from accruing while you’re in school!
If you liked this episode, you’ll also like episode 45 Student Loans and also episode 26.
About Allie:
In 2023, Allie Danzinger became Senior VP and GM of AscentUp, whose mission is to be the undisputed leader in driving student outcomes, when they acquired her company, Ampersand. Allie’s passion lies in helping young professionals from the classroom to their careers as they build confidence, secure jobs with livable salaries, and become successful members of the workforce.
Connect with Allie:
https://www.linkedin.com/in/alliedanziger
https://learn.ascentup.com/
https://www.ascentfunding.com/
https://ascentup.com/ultimate-guide-paying-for-college/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Devine 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 debt as well. She was on board with changing mindsets and focusing on getting out of debt, but she didn’t want things to get too extreme. They are still loving their life while attacking their debt. They also touch on the idea of having net worth be part of your emergency plan. Devine started with the debt snowball method, but he switched to debt avalanche pretty quickly. His mindset had changed. Devine got a huge promotion/raise at work, so along with their hard work that went into paying the first half ($40k), they can pay the other half off soon now! There are a lot of lessons there. Devine doesn’t just focus on growing income. He budgets his expenses as well. Then, the conversation transitions to the future, which involves more beefing up their emergency fund and investing for cash flow through boring businesses or real estate. Devine also does freelance writing as a side hustle. In the meantime, he's going to keep paying down his debt and sharing his journey.
If you liked this episode, you’ll also like episode 45 about student loans, 126 crying over debt to $1 million next worth, or 147 $51k in debt to house hacking.
About Devine:
Devine Beathea is a systems engineer living in Arizona. He decided to get his life together about two years ago at age 30. That means paying off debt and getting in control of his spending. So far, Devine has paid off $40k of debt and he is set to pay off another $40k this year. He writes about Finance, Fitness, and Fatherhood because he wants to show how millennial dads can invest in themselves and their families.
Connect with Devine:
https://www.instagram.com/thewealthbuildingdad/
Medium: Devine Beathea
https://twitter.com/DevineBeathea
https://thewealthbuildingdad.com/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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エピソードを見逃しましたか？
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Lauren 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 being the most passive and digital products being less passive, but still more passive than a job. Real estate can be passive. Then, Lauren asks about the difference between side hustles and passive income. When it comes to passive income streams, you should be targeting cash flow versus quantity. Andrew tells us how to come up with our desired cash flow number to target. Hint: cover your expenses. Andrew believes that in a lot of cases you should focus on increasing income at your W2 first. He also goes into detail about the difference between financial freedom and retirement. Speaking of retirement, this begs the question of how much we should plan for Medicare and social security. Andrew likes HSAs, retirement accounts, brokerage accounts, and real estate for retirement planning. Lauren asks about using these accounts for retiring early, and he prefers the flexibility of the brokerage account. The best thing about being in this space is when people get excited and START investing. Time is your friend when it comes to investing and compound interest. Patience when starting matters. Andrew emphasizes that investing is for the long term, so it doesn’t matter what the stock market is doing right now. Lauren suggests becoming best friends with your future self, and helping them by investing now.
If you liked this episode, you’ll also like episode 122: Finding Passionate Income with Brian Luebben.
About Andrew:
Andrew Giancola is the creator of MasterMoney.co and The Personal Finance Podcast. Like Lauren, Andrew is also a Tampa Bay area native. He loves playing pickleball and raising his two kids with his wife, Irene.
Connect with Andrew:
https://mastermoney.co/
https://twitter.com/mastermoneyco
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Lauren 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 to your transportation too
Allocation budgeting: 50% spend, 40% invested, 10% give away
Cash is King investing (intro to investing)
Exponentiality: infinite returns
Spending -- Saving -- Investing
Review
Repeat if it’s going great
Rework if your initial investments aren’t working (especially if you’ve changed)
Reward: allow yourself to take the full 50% (even if it’s a big chunk)
Brian’s last piece of advice: don’t waste your life by not enjoying your success! They close by talking about Elon Musk’s response to Lauren’s tweet about whether 20-somethings should match their 401k’s or not.
If you liked this episode, you’ll also like episode 104: How a Family of 4 Lives on Less Than $60k and Still Invests.About Brian:Brian Tibbs is a once low-paid missionary with multi-million-dollar net worth. At age 26, Brian was investing in real estate, an executive in his dad’s financial services company, and co-owner of another small online retailer. But Brian felt called down a different path. Over the next 3 years, Brian married Jill Bramhall, resigned from his father’s company, sold his online business and liquidated 60% of his real estate portfolio, and moved, sight unseen, to Guatemala. They became missionaries, raising over $20 million for their cause and building over 150,000 sq. ft of churches and related facilities. Brian and his family made very little money as missionaries, just $9.20 per hour. Their modest salary forced them to create a wealth-building philosophy that didn’t require a big paycheck. Living under this financial constraint is how the HACKER Method was discovered and implemented. Although Brian has retired from full-time missionary work, his desire to serve others remains a primary focus. He launched The Unexpected Investor with the singular goal of helping other people who also feel financially constrained transform themselves into wealthy, powerful, and generous investors using the HACKER Method.Connect with Brian:https://theunexpectedinvestor.com/https://www.instagram.com/unexpectedinvestor/https://www.youtube.com/@unexpectedinvestorhttps://twitter.com/unexpectinvesthttps://www.amazon.com/HACKER-Method-Unexpected-Investors-Building/dp/1962074129/ref=sr_1_1Connect with Lauren:https://twitter.com/AdultingIsEasyhttps://www.instagram.com/@adultingiseasyrealhttps://www.housemoneymedia.com/
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Lauren 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 more about what the GW companies do. They buy apartment buildings, renovate them, then refinance aka the BRRRR method. They raise capital to allow others to invest in real estate passively. Then, the two transition to talking about what it’s like to work with a family member. Naturally, Lauren asks about conflict resolution, and is pleased to find out that Vanessa calls her dad by his first name at work. Lauren clearly can’t picture doing the same. Vanessa points out that she can ask all the dumb questions she wants. Looking forward, Lauren asks if Vanessa wants to have kids, and what the plan would be as far as them taking over the business. She’s also curious about how Vanessa’s boyfriend feels about her working with her dad. Vanessa also shares how the conversation went with her dad when she decided to leave school and come work for him. So, does she recommend working with your parents? Obviously, yes.
If you liked this episode, you’ll also like episode 160 Turning Real Estate into More Businesses, in which Josh tells us about he and his partner Antoinette’s ventures.
About Vanessa:
Vanessa Pannozzo is the Director of Operations/Co-Owner at GW (Generational Wealth) Capital Group of Companies. GW's mission is to create the "Costco", of Real Estate Investing, with a one stop shop for investors who are looking to invest in real estate, on a passive scale. In her 3+years in the industry, Vanessa has played a key role in building GW's property management from the ground up. As a Post-Secondary "Drop Out," Vanessa shares her relatable journey, offering insights into the challenges and triumphs of working closely with family. Vanessa is all about creating a welcoming space for women in the industry to connect, invest, and succeed.
Connect with Vanessa:
https://generationalwealthcreators.ca/
https://www.instagram.com/vanessapannozzo/
https://www.linkedin.com/in/vanessa-pannozzo-20bb5623a/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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BOY 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 MetalMoney 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 telling him they want to invest in real estate and what stops them is they worry about every disaster scenario they might face. Butwhat about potential amazing things? Alan calls these lottery tickets! He experienced this when the Nets moved to Brooklyn, and each of his properties there appreciated $1 million right away. The 2nd essential skill is being persistent, it is simple but not easy. You’re always needing to follow up, with realtors, lenders, tenants, contractors, cleaners, etc. And the 3rd essential skill is to have a long-term focus. Know your long-term goal and hold on to it. Chris points out that part of this is delayed gratification. Chris adds that you need to be comfortable taking on risk. Lauren says you need to be confident. Alan says real estate over football.
Sign up for HMM newsletter & read the blogs:
https://www.housemoneymedia.com/blog
Mortgage Minute: Jasmine answers the question: When is the first mortgage payment due after you close a property?
Sponsored by: Jasmine Mortgage Team https://www.jasminemortgageteam.com/
Real Estate Is Easy Interview
Lauren interviews Paul, a project manager and sales representative for a couple of different roofing companies in Florida. He’s currently working for Armored Roofing and Solar in the Tampa Bay Area, but they are also statewide in Florida. Lauren asked Paul what happens to their business when a big storm comes through, he shared that the typical 3 to 4 weeks replacement that they do would go up to 3 to 4 months. This is because of manpower, insurance companies, and supply. Paul details the longevity of roofs with the caveat that insurance companies have a lot of say here in Florida. He recommends getting a free inspection yearly and maintenance, which can extend the life of our roofs. Lauren also asked Paul how many different kinds of roofs are there and he answered asphalt shingle roof, tile, metal, galvalume, and rolled roofing for flat roofs. Lauren asked about the price difference between shingle,metal, and tile roofs for an 1800-square-foot single-family home. Paul shared that new investors or homeowners should look for a good inspector and know when the last roof permit was puller. For us to be a good partner with our roofer, we should know how to communicate well with them. Paul makes real estate easyby making himself available. The hosts agree to that because being available makes you respond quickly and can make the job easy.
Contact Paul: 727-688-1668
Guest Host Segment
Guest Host Chris talks about an issue he experienced whenhe waived an inspection. In 2020, he did not do an inspection of his new property and after a while, there was a problem encountered with the new property. The furnace basically could not be serviced. There was a recall, and it needed to be replaced. Your hosts share their insights about the issue and give adviceabout it.
Follow Our Guest Host:
@MoneyHeavyMetal
https://www.facebook.com/MoneyHeavyMetal/
https://www.instagram.com/moneyheavymetal/
Follow House Money Media:
https://twitter.com/HouseMoneyMedia
https://www.instagram.com/housemoney.media/
https://www.youtube.com/@house-money
https://www.tiktok.com/@housemoneymedia
Follow the Hosts:
Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.youtube.com/@adultingiseasy
Alan:
https://twitter.com/RealEstateMaxi
https://www.instagram.com/realestatemaxi
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What 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 story about him being too broke to even file bankruptcy. His wife’s credit card was declined. His kids couldn’t receive their report cards because he didn’t pay the tuition. Chris had to claw out of the Global Financial Crisis, and he did so by flipping gas stations, buying partners out of one of his businesses, and just good, old-fashioned ingenuity. So, Chris goes from lower than low during the GFC to very wealthy and retired only 8 years later. He tells that story in detail, which basically involved Chris accepting an unsolicited offer to sell one of his businesses (with a hand shake, by the way). Chris used the sale proceeds to invest in real estate. Then, Covid hit, and that obviously changed demand for gas quite a bit. Luckily, the demand for trucking increased, and Chris was able to scale that business quickly. Lauren can’t help but ask what advice Chris has, having seen the downturns he has, for those of us who haven’t lived through one. Surprisingly, Chris calls on Dave Ramsey’s program. He’s a believer in strong defense by having low debt and holding onto some cash. Also, he recommends being ready to make money during downturns.
If you liked this episode, you’ll also like episode 140: There’s More Than One Way to Be an Entrepreneur.
About Gas Biz Guy:
Chris Hellgeth is a 51-year-old entrepreneur whose journey from selling 10-cent single cigarettes led to a 30-year career transforming and supplying gas stations across Georgia. Despite facing setbacks like going broke and being a high school dropout, Chris rebuilt his life, achieving semi-retirement in 2016 and went back to work in 2019 after a three-year hiatus. Currently, he owns a successful fuel hauling company serving over 1000 gas stations in Georgia. Beyond business, Chris celebrates 23 years of marriage and is a proud parent of three. His story is a testament to resilience, determination, and a relentless entrepreneurial spirit that fuels both his career and family life.
Connect with Chris:
https://twitter.com/gas_biz
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Lauren 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 planners who don’t do any financial planning. Lauren just has to ask about why he is so pro DIY investing – doesn’t that mean he wouldn’t have a job if everyone took the DIY approach? There’s actually a lot of demand for DIYers who need some planning help. To Lauren, Cody’s approach sounds like a nice middle ground. What matters for DIY investors is their time, temperament, and talent. Anyone interested in DIY investing must undertake the first step, which is data gathering. Temperament is important, too. When the stock market is down, do you skip dessert at a restaurant to save money? Lauren points out that you need to do the data gathering even if you end up hiring help. As you go through your data gathering, keep an eye out for evidence of what you value. Aligning your financial planning with your values is important. Cody then points out that balancing time, energy, and financial resources helps bring clarity to your life and financial plan. Lastly, Cody points out that our physical health, mental health, spiritual practices, relationships, and financials are interconnected. Your finances should be supporting your life.
If you liked this episode, you’ll also like episode 149: Personal Finance is Personal with Mark Roussin or episode 131 Budgeting for Dummies.
About Cody:
Cody Garrett, CFP®, is an advice-only financial planner and educator passionate about helping DIY investors on the path to financial independence and through early retirement. As the owner of the Measure Twice® brand, he specializes in comprehensive financial plan development and personalized education to help families implement their own well-informed decisions.
Connect with Cody:
https://twitter.com/MeasureTwiceMNY
Website & check list: https://www.measuretwicemoney.com/adulting
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Lauren 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 life doing things you don’t like, for example, working a job you dislike. Basically, it was the opposite of YOLOing. She started by figuring out how much debt she had by listing it all out. She and her wife cashed out a small brokerage and lived frugally to pay off their loans. They used the debt snowball to help with small wins. Then, they started investing aggressively when the debt was just about to be paid off. Lindsay invests in both stocks and real estate, and Lauren asks why she has both. The peace of mind from diversification is a huge part of it. Also, you can do better than the 4% rule in real estate. The two walk through the real estate portfolio in detail. Primary hacking is a part of their strategy: buying a home with the plans to move in temporarily and make it an investment property later. Lindsay and Lauren then have a hypothetical situation about when to sell a property, and whether to do a 1031 exchange or not when you do. Then, they dig into the stock portfolio. She’s open about some early mistakes in trying to pick stocks, but that has made her a more confident investor now. Interestingly, Lindsay shares that she’s come to appreciate her 9-5 partially because it helps funds her investments!If you liked this episode, you’ll also like episode 138 with Justin from the Price of Avocado Toast and episode 126 with Bernadebt Joy called From Crying Over Net Worth to $1 Million Net Worth.About Lindsay:Lindsay Stamp is a 30-year-old stock and real estate investor who paid off $100,000 in consumer debt and is documenting her wealth building journey on X @lindsaystamp3. Lindsay hopes to show others that financial independence is attainable by consistently investing your 9-5 income over the long term.Connect with Lindsay:https://twitter.com/lindsaystamp3Connect with Lauren:https://twitter.com/AdultingIsEasyhttps://www.instagram.com/@adultingiseasyrealhttps://www.housemoneymedia.com/
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Brendan 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 another house hack in Cleveland. Who’s managing these properties? Brendan manages the mid- and long-term rentals but does have a property manager for his short-term rental in Charleston. An interesting thing about Brendan’s portfolio is that he hasn’t sold any properties yet! Lauren and Brendan also discuss a possible 1031 strategy in the future. Then, they get into pros and cons of house hacking. Obviously, these 2 thinks the pros outweigh the cons! In fact, they pretty much think everyone should house hack. They’ve both also “primary hacking,” which they’ve both done as well. That’s moving in with the intention of moving out and keeping that primary as a rental. Then, they move onto “lifestyle hacking,” buying an Airbnb to go there yourself. Lauren provides some cautionary words about this strategy, though. Note that you don’t have to be in love with real estate to house hack. You don’t have to house hack until death. Just try it once.
If you liked this episode, you’ll also like episode 123: When You House Hack and It Has Mold But You Still Make Money.
About Brendan:
Brendan Bennett is a 27-year-old midwest investor based out of the Cleveland, Ohio market. His portfolio consists of 11 properties and 21 units with a mix of STR, MTR, and traditional rentals. Brendan is also a licensed real estate agent with eXp and is the VP of Revenue at Upright - a Hard Money Lender based out of Cleveland Ohio.
Connect with Brendan:
www.instagram.com/quadepropertygroup
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Happy 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 you liked this episode, you’ll also like episode 113, where Aric and I discussed whether couples should have joint or separate finances last Valentine’s Day.
Article referenced:
https://www.equifax.com/personal/education/life-stages/articles/-/learn/money-questions-to-ask-your-partner/
About Aric:
Aric Aumond is a 31-year-old engineer, business owner, and real estate investor. He’s also Lauren's husband of almost 5 years (together for almost 9). Aric enjoys red wine (although not as much as Lauren does), boating/fishing, playing the piano, and playing sports, like golf, tennis, pickleball, and volleyball.
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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Justine 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 relationship. She worked hard to overcome that trauma, and getting her finances in order was a big part of that. Interestingly, trading options reminded her of the emotion of that relationship. Then, the conversation transitions to Justine’s work with her clients, like whether she’s seeing any similar drives or goals. The first thing to do is remove the word perfect from your vocabulary. Next, they work together to examine their money mindset. A big thing up front is HONESTY. In short, when starting out you often need to lay the mental and financial foundations before you invest. There’s up front work to be done. Then, Lauren and Justine transition to making the connection between physical and finance fitness. Again, Justine shows strength in the midst of vulnerability as she shares the story of when she moved her body to move past her abusive relationship. It’s all about knowing yourself. Justine closes with words of encouragement. You will walk away from this episode feeling motivated to start or continue your journey.
If you liked this episode, you’ll also like episode 94 called What Even is Financial Coaching?
About Justine:
Justine De Peralta is a former teacher turned Financial Educator, I am on a mission to help women and DV survivors reclaim their confidence and become Money Smart, Body Strong!
Connect with Justine:
https://twitter.com/msfinancialfit
https://www.instagram.com/missfinancialfitness
www.justinedeperalta.com
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/
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Dan 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 learning, but he was able to buy his first property after 3 years. Now, he has a house hack duplex in Chicago, a SFR in Milwaukee, and 3 townhouse/condos in Milwaukee. Naturally, the conversation transitions to what it’s like to buy in a Homeowner’s Association (HOA). Lauren then asks, why did Dan pick Milwaukee for investing when he lived in Chicago? What ensues is a funny story about a friend who knew nothing about the area suggesting it to Dan. Lauren also asks about goals – what does Dan want to get out of his properties? The answer is indestructible wealth. Then, the conversation transitions to Dan’s podcast, Landlord Horror Stories. He proceeds to tell Lauren a story from his podcast. Like all of these “horror stories,” the landlord always ends up feeling like real estate is worth it, even if you have to put up with some challenges.
If you liked this episode, you’ll also like episode 123: When You House Hack and It Has Mold But You Still Make Money.
About Dan:
Dan is a real estate investor based out of Chicago running a humble portfolio of 5 doors. He also hosts the Landlord Horror Stories podcast. A show that combines storytelling, history, and real estate.Currently Dan is working on Season 2.
Connect with Dan:
https://podcasts.apple.com/us/podcast/landlord-horror-stories/id1633686856
https://twitter.com/ResilientRei
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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Are 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 subconscious mind. It’s obvious that we can only truly examine our conscious mind and our body. These things are giving us clues all the time. On the bright side, we all have the same nervous system so we’re all going through these same sensations. As the conversation transitions to our relationship with money, Lea gives some tactical examples of things to look out for and ways to better your relationship with money. Start with a discrete place, like checking your credit card statement, and examine how you’re feeling. Keep in mind that your money stories, which may be adding to your stress, are not your fault. An interesting tip Lea gives is to watch Real Housewives or something like that and examine the feelings you have about their money. What’s the first action you should take? Recognize that your relationship with money starts with you. Learn to monitor how you feel about money. Lea closes by talking about how we define happiness and gives us another way to think about it.If you liked this episode, you’ll also like episode 161 (last week’s) and 74 Empathy and Shame in the Personal Finance Community.About Lea:Lea Durante, a Family Nurse Practitioner turned Integrative Health Coach, wields quick, science-based techniques for potent mental and physical transformations. Having trained at the University of California, San Francisco School of Nursing and amassed over 50,000 patient encounters, Lea recognized the limits of traditional healthcare to achieve vibrant wellbeing. This insight led her to pioneered innovative solutions, employing cutting-edge science for self-directed body-mind-spirit integration, stress reduction and burnout recovery. Her methods draw from the latest advancements in nervous system regulation, subconscious reprogramming, neuroplasticity, and more. Lea guides individual clients in her signature coaching work “The Integration Experience” and tailors impactful wellness programs for corporate teams. As a co-host of the From Your Center podcast, she shares resources, tools, and inspiration weekly. She lives in Idaho, with her husband and 2 sons and finds joy in reading, gardening, yoga, and jumping on the trampoline with her kids.Connect with Lea:https://www.linkedin.com/in/lea-durante-np/https://www.instagram.com/lea.durante.np/https://www.leadurante.com/Free eBook : 5 Secrets to Vibrant Health: https://www.leadurante.com/ebook Free Nervous System Quiz: https://www.leadurante.com/quizFrom Your Center (podcast): https://www.leadurante.com/podcastEmail: [email protected] Connect with Lauren:https://twitter.com/AdultingIsEasyhttps://www.instagram.com/@adultingiseasyrealhttps://www.housemoneymedia.com/
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Adam 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 her parents. If you don’t face your emotions around money, it will affect you physically. You also should recognize what beliefs you’re passing on to your kids, because you’re likely to pass down some of the same thoughts and feelings that your parents passed on to you. And be kind to yourself – we’re all figuring this out! None of us were taught this. There’s really no inherent reason you should know about money. Invite a friendly relationship with your finances.
If you liked this episode, you’ll also like episode 156, Financial Independence Doesn't Have To Be Extreme, or episode 74 Empathy and Shame in Personal Finance Community.
About Adam:
Adam Koren helps people who hate dealing with their money. He has been coaching for more than 20 years, and brings care, clarity, and sanity to personal finances - especially for those who experience avoidance, shame, and confusion about them. Adam specializes in providing judgment-free emotional support to help people untangle their unique money challenges.
Connect with Adam:
https://adamkoren.com/
https://www.instagram.com/adamkorencoaching/
https://www.facebook.com/akoren
https://www.yelp.com/biz/adam-koren-financial-coaching-oakland-2
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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Josh’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 to build new duplexes, so in addition to their health business, they’re building as well. The goal is to help Josh’s mother retire with these new builds by the end of 2024. Josh and Antoinette have a partner on these deals, which they found by introducing themselves to others as real estate investors. So, do some networking and make being an investor part of your identity (not just your 9-5, if you have one). The two then transition to talking about short-term rentals (STRs), which the couple have in the Orlando area. The experience with STRs led them to the health care business of group care homes. They’re leveraging others’ knowledge with this new venture as well, seeking counsel, not advice. It pays to know people! Lauren points out how careers are non-linear, and you can combine your skills and network to take your life to the next level. Josh rounds out the interview by going into more detail about their group home business.
If you liked this episode, you’ll also like episode 132, a fellow Floridian who is using real estate to retire, or episode 128 about managing your properties from abroad.
About Josh:
Her doesn't like bios, but he does like long walks on the beach.
Connect with Josh:
https://www.youtube.com/@FearlessAndFreeFi
https://www.instagram.com/fearlessandfreefi/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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Lauren 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 and that’s sad. You don’t get to choose the property. Also, there can be complicated family dynamics. Pro tip: have conversations before you pass awayabout what your wishes are! Transfer as much knowledge as you can. Also, when inheriting a property, you also often inherit tenants. It’s imperative you do networking and build your team. Lauren’s number 1 takeaway is to get an appraisal when you first inherit the property. Try to physically go there too. At the end of the day, you need to decide if having the inherited property fits into your life at the time you inherit it. If not, it’s OK to sell!
If you liked this episode, you’ll also like episode 33 (5 Talks You Should Have with Your Parents) and 38 (Financial Abuse).
About Ruthie:
Ruthie is new to the Twitter / X space, and is just starting to build her connections to others who are inheriting “mom & pop” rentals. You can find her on Twitter at RuthieRentals.
Connect with Ruthie:
https://twitter.com/ruthierentals
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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It'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 morethan 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, Argentina, Sweden, Italy, France (new), Nigeria, Peru, Romania, Greece, New Zealand, Costa Rica, Colombia, Bahrain, Bolivia, Oman, Czech Republic, Brazil, Poland,Namibia (new), Singapore, Norway, Russia, Finland, Turkey, Austria, Portugal, Uganda (new), Zambia (new), Pakistan, Croatia, Saudi Arabia, Hong Kong (new), Lithuania (new), Kenya (new), Sierra Leon, Kuwait, Chile (new), Morocco (new), Malaysia (new), Ukraine, South Korea, Dominican Republic, Taiwan, Iceland, Jamaica, Slovakia, Malawi, Indonesia, Qatar (new), Uruguay, Iraq, Ecuador, Thailand (new), Latvia (new), Aruba (new),Lebanon (new), St. Kitts and Nevis, Hungary, Iran, Republic of Moldova (new), Fiji (new), Maldives (new), Paraguay (new), Algeria, Vietnam, Liechtenstein, Mongolia, Faroe Islands (new), Ethiopia, Egypt, Bulgaria (new), Belize (new), Zimbabwe (new), Honduras (new), Tanzania (new), Kazakhstan (new), Guatemala (new), [We lost Bangladesh]
Gender (Spotify):43% female (31% last year, 29% in 2021, and 69%in 2020)55% male (69% in 2022 and 2021, 49% in 2020)2% No non-binary or unspecified (past: 0%)
Age (Spotify)0-17: 0.3% 18-22: 5%23-27: 14.5%
28-34: 36.8% 35-44: 26.5%45-59: 14.5% 60+: 1.5% Where are you listening?Apple: 66%Spotify: 16%Overcast: 5%Browser: 3%Google podcasts: 3%Castbox: 2%Other: 5%
107: Financial Impacts of Divorce with Chris108: Value-Add House Hacking109: FIRE Off the Grid with Steve on Speed 110: Real Estate Agent Perspective111: Getting Paid in Tips with Barbara112: It’s Not Too Late for Real estate113: Couples and Finances114: Self Managing 87 Rentals 115: Dividends with Dividend Dream116: Land Flipping 117: Real Estate as a Side Hustle – Top 5118: Friends, FOMO, and Finances with Money with Katie – Top 5
119: Cost Segregation120: Go to the investing Gym But Don’t Get An Investing Tattoo with Decade Investor (Kolin)121: Manager STRs While Working Full Time122: Finding Passionate Income with Brian Luebben
123: House Hacking STRs with Mold124: NFL Players Side Hustle Too with Devon Kennard125: Optimize my Airbnb126: Crying Over Debt to $1 Million Net Worth127: Retiring from the 9-5 – Top 5128: Managing STRs from Abroad129: The Easy Way to Get Wealthy with Wealth Dad – Top 5130: Life in a Personal Finance Wind Tunnel131: Budgets for Dummies with Athena – Top 5132: STR Arbitrage133: Retiring While Blind at 32134: Success Mindsets (Growth Guide Episode 100)135: NFL Player to House Hacker to STR Host136: Should you invest your emergency fund?137: Serving Tables, Showing Up, and Hustling 138: Wake Up Call 139: The Future of STRs140: Online Businesses with Eric141: STR Cleaners142: Investing for Your Kids with Budget Dog143: Dividends with Dividend Dave144: Entrepreneurial Mindset and a Dog Resort Abroad145: Entrepreneurial Misadventures to 6 Figure W2146: 6x Your Returns with Credit Card Rewards147: 51k in Debt to House Hacking148: A Million Bucks by 30 with Alan Corey149: Personal Finance is Personal and So Is Investing150: REPLAY of Episode 87151: Our Financial System Runs on Bonds152: Mobile Homes May Be the Future of Affordable Housing153: Doing Your First Deal with Your Family154: Small Business Exit to Accredited Investor and Beyond155: Nerding Out Over Airbnb Stock 156: Financial Independence Doesn’t Have To Be Extreme157: Regulating Personal Finance Influencers158: TODAY
Thanks to Touchstay for their sponsorship, also Steadily Landlord Insurance, Nexus, and Summer!
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Note: 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 licenses and certifications, Lauren had to ask about them, like the FINRA ones or the CFP. Tom believes the barriers to entry are important in this space. What about personal finance influencers? Lauren wants to know! Turns out, like almost everything, social media has positives and negatives. How do you tell the good advice from the bad? Tom suggests reading credible books, like perhaps some from Bogle. (Lauren would also recommend The Simple Path to Wealth and Psychology of Money.) As far as regulations go, regulating socialmedia influencers might do more harm than good, according to Tom. Now that Tom has left his career, he’s loving podcasting for the Money Happy Hour. Sometimes, he records about hot takes, like when Dave Ramsey said it’s easy to get 12% returns in index funds.
If you liked this episode, you’ll also like episode 37 about Advising Fees with Jude Boudreaux.
About Tom:
Tom the Savings Captain had a 30-year career in financial services as an Advisor and leader with several large investment and stock brokerage firms. Tom holds several FINRA licenses and his CFP designation.
Connect with Tom:
https://twitter.com/SavingsCaptain
https://thesavingscaptain.com/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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Rachael 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. Again, Lauren cautions against assuming a steady state for too long, you may (and probably will) change over time. Lauren asks Rachael how to give ourselves permission to spend now, meaning your life can’t all be about delayed gratification. You need to know what you value and what brings you joy. You need balance on the hustle side as well as the spending side. Don’t forget to check in with yourself regularly: do you enjoy how you’re spending your days? Rachael and Lauren close by discussing goal setting, and Rachael points out that looking at the year as a whole can be intimidating, so she plans quarterly.
If you liked this episode, you’ll also like episode 77: FIRE in your 20’s.
About Rachael:
Rachael Camp is a Certified Financial Planner, a personal finance blogger, and the founder of Camp Wealth - a financial planning firm for high earners and business owners.
Connect with Rachael:
https://www.rachaelcampwealth.com/
https://twitter.com/camp_wealth
https://www.linkedin.com/in/camprachael/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/adultingiseasyreal/
https://www.housemoneymedia.com/
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