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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Finance Friday: Middle-Class Trap on Steroids ($3.8M but CAN'T Retire!)

Finance Friday: Middle-Class Trap on Steroids ($3.8M but CAN'T Retire!)

There’s a “middle-class trap” that can keep anyone from FIRE—yes, even high-income earners. Today’s guest has a sizable nest egg that should allow her to retire early, but there are a few roadblocks i...

29 Nov 202458min

7 Scorching Money Hot Takes That Will Make Your Financial Advisor Cringe

7 Scorching Money Hot Takes That Will Make Your Financial Advisor Cringe

Is frugality overrated? Is hustle culture a waste of time? Do we over-save for retirement? You don’t have to look very far to find a hot take online, but is there some truth to these opinions? Today, ...

26 Nov 202444min

FI by 34 After Making “Calculated” Bets that 99% of Us Would NOT Take

FI by 34 After Making “Calculated” Bets that 99% of Us Would NOT Take

If you follow the almost unbelievable path of today’s guest, you, too, could achieve financial independence in your thirties. Would we recommend mimicking his strategy step-by-step? No! Because if you...

22 Nov 202449min

Making Six Figures While Living Abroad (NO W2!) to FI Even Faster

Making Six Figures While Living Abroad (NO W2!) to FI Even Faster

Would you move abroad to reach FI faster? That wasn’t Brooklin Nash’s original goal when he left the US and began freelancing from afar. But now, years later, he realizes how much of a leg up he has f...

19 Nov 202441min

FIRE at 50: The 4-Year Journey That Made Early Retirement a Reality

FIRE at 50: The 4-Year Journey That Made Early Retirement a Reality

Could a few years of aggressive saving put you in the fast lane for financial independence? Is the grind even worth it? Today’s guest was well on his way to a comfy retirement but had never thought ab...

15 Nov 202443min

Do You Need Debt to Reach FIRE? How to Use Leverage to Build Wealth

Do You Need Debt to Reach FIRE? How to Use Leverage to Build Wealth

Is paying off debt or investing (and potentially using more debt) the best way to reach FIRE? The average American has $104,215 in mortgages, student loans, credit cards, and other debt. Where do YOU ...

12 Nov 202454min

How to Retire Early in Your 40s by Supercharging Your Savings

How to Retire Early in Your 40s by Supercharging Your Savings

Yes, it’s possible to retire early, even if you’re just now diving into the FIRE movement. Early retirement could be within reach whether you’re in your twenties, thirties, forties, or fifties. Imagin...

8 Nov 202421min

The Best (and Worst) States in the US to Retire in 2024 (FIRE Faster?)

The Best (and Worst) States in the US to Retire in 2024 (FIRE Faster?)

Should you move to reach FIRE? And if so, where to? In this episode, we’re pulling back the curtain and revealing the best places to retire in the US in 2024. Living in one of these states could help ...

5 Nov 202435min

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