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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Barista FIRE at 36 with ONLY $500K by Trading “Stuff” for Substance

Barista FIRE at 36 with ONLY $500K by Trading “Stuff” for Substance

Julie Rose “semi-retired” at just 36 years old with only $500K, trading her corporate job for sunrise safaris in Africa, beach walks in Bali, and mid-day hikes in Mexico.  With “Barista FIRE,” you ca...

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Can Your FIRE Portfolio Survive a Stock Market Crash?

Can Your FIRE Portfolio Survive a Stock Market Crash?

The stock market is shifting, and your portfolio needs to change NOW if you want to reach or stay FIRE (financial independence, retire early). Many early retirees are sitting anxiously, watching their...

28 Maalis 202541min

When You Should (and Shouldn’t) Hire a Financial Advisor | Life After FIRE

When You Should (and Shouldn’t) Hire a Financial Advisor | Life After FIRE

Could hiring a financial advisor help you reach financial independence and retire early? This isn’t a popular move in the FIRE community, but it gave today’s guest peace of mind, preserved her wealth,...

26 Maalis 202542min

Motley Fool’s Ricky Mulvey: Why I’m Buying MORE Stocks Despite Growing Recession Risk

Motley Fool’s Ricky Mulvey: Why I’m Buying MORE Stocks Despite Growing Recession Risk

Are we headed right for a recession, or are stocks on sale? We don’t own a crystal ball, but Ricky Mulvey from The Motley Fool is capitalizing on the recent stock market swing by loading up on some of...

25 Maalis 202550min

Is the 4% Rule Dead?

Is the 4% Rule Dead?

Is the 4% rule dead? Most FIRE-chasers are using this retirement rule completely wrong, and it could cost them their financial freedom. With stock prices falling and many Americans fearing another rec...

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Losing $150K, Starting Over, and STILL Retiring Early | Life After FIRE

Losing $150K, Starting Over, and STILL Retiring Early | Life After FIRE

Think you’ve blown your chances of achieving FIRE? You haven’t! Just ask Nik Johnson, who spent years growing his nest egg, only to have it completely wiped out with one bad financial decision. Despit...

19 Maalis 202532min

How to Stay Rich During FIRE by Dodging the 4 Financial “Horsemen”

How to Stay Rich During FIRE by Dodging the 4 Financial “Horsemen”

You’ve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely. Unknown to most FIRE-chasers, four financ...

18 Maalis 202547min

Can I Hit Financial Independence by 50 with THIS FI Number? (Finance Friday)

Can I Hit Financial Independence by 50 with THIS FI Number? (Finance Friday)

Is your FI number TOO high? Whether you are ultra-conservative with your finances or want a lavish retirement lifestyle, setting a high bar could make your financial independence journey much harder…b...

14 Maalis 202557min

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