229: The 6 Money Mistakes High School/College Students MUST Avoid

229: The 6 Money Mistakes High School/College Students MUST Avoid

Most college students know next to nothing about money. Even worse, many of them sign on to expensive student loans with almost no plan on how they’re going to pay it back. While this is the average, some people, like Nathan Kennedy, host of The New Money Podcast, did things differently. Although he overspent a bit going out in college, Nathan graduated with a degree and $40,000 in cash, a MASSIVE amount for any college student. Through applying for grants, working at on-campus jobs, and collecting tip money as a bartender, Nathan was able to graduate in a solid position, allowing him to invest heavily in the stock market during the 2020 crash. Now, Nathan teaches others how they can strengthen their financial position through hard work, planning, and constant content consumption. If you have children who are in high school, college, or are newly graduated, send them this episode so they can have a leg up on future finances! In This Episode We Cover The importance of tracking your expenses and budgeting properly Vision boards, daily logs, and other ways to plan for your success Pursuing grants and scholarships WHILE school is in session Becoming a constant content consumer Money mistakes that many college students make (and how to avoid them) Making time for health, fitness, and no-phone relaxation And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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I Retired Early in My 40s WITHOUT Withdrawing from My Portfolio! | Life After FIRE

I Retired Early in My 40s WITHOUT Withdrawing from My Portfolio! | Life After FIRE

You CAN retire early in just ten years IF you save and invest enough. Fortunately, your retirement expenses may be less than you think. Chris Luger, from Heavy Metal Money, didn’t think about retiring...

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The 4% “Rule” is Wrong for FIRE—Here’s a Better Alternative

The 4% “Rule” is Wrong for FIRE—Here’s a Better Alternative

For decades, the 4% rule has been the calculation every FIRE chaser has used to determine when they can retire early—risk-free. The math is simple: have a portfolio big enough to withdraw 4% per year ...

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How to Build (and Enjoy) Your “Dream” Life in Early Retirement | Life After FIRE

How to Build (and Enjoy) Your “Dream” Life in Early Retirement | Life After FIRE

What if you reached financial independence…before knowing what it was? That’s what happened to Chris Rusin. After discovering the FIRE movement and stumbling across Mindy and Carl’s blog, he realized ...

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The Single Biggest Risk That Could Stop Your Early Retirement (& How to Dodge It)

The Single Biggest Risk That Could Stop Your Early Retirement (& How to Dodge It)

You’re part of the FIRE movement (financial independence, retire early) so you can quit your job, have complete time freedom, and truly enjoy your life. But what if early retirement isn’t all that it’...

29 Huhti 202548min

We Paid Off $500K in Debt: Now We’re on Track to Retire (Early) in Our 50s

We Paid Off $500K in Debt: Now We’re on Track to Retire (Early) in Our 50s

Fear that early retirement is out of the question because you have too much debt? It’s not game over. Whether you’re debt-free or still chipping away at your student loans, today’s guests are proof th...

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Healthcare Hacks That Could Save You Thousands on the Journey to FIRE

Healthcare Hacks That Could Save You Thousands on the Journey to FIRE

Wealth and health are closely intertwined, especially here in the US, where the high cost of healthcare can put significant financial pressure on families. But is there a remedy to these exorbitant ex...

22 Huhti 202535min

The Financial Order of Operations for FIRE (Step-by-Step Early Retirement Plan)

The Financial Order of Operations for FIRE (Step-by-Step Early Retirement Plan)

Most people chasing FIRE (financial independence, retire early) are doing it all out of order, and it’s costing them years of financial freedom. So, we thought, “What’s the fastest way to achieve FIRE...

18 Huhti 202536min

The “Silver Lining” for Investors After a Historic Week for Stocks| Life After FIRE

The “Silver Lining” for Investors After a Historic Week for Stocks| Life After FIRE

We’re coming off one of the wildest weeks in stock market history. How are retirees reacting to these massive swings? How should you adjust your FIRE portfolio in case there are even more turbulent ti...

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