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[Music]
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tool welcome to the best interest
00:01:18
podcast hosted by Jesse Kramer where we
00:01:20
discuss today's best ideas in personal
00:01:22
finance and investing the best interest
00:01:25
is a personal podcast meant for
00:01:27
entertainment purposes only it should
00:01:29
not be taken as Financial advice and is
00:01:31
not prescriptive of your financial
00:01:33
situation here's your host Jesse
00:01:36
Kramer hey guys Jesse Kramer here
00:01:40
welcome to Episode 22 of the best
00:01:42
interest podcast today's episode is a
00:01:45
little bit different it's an interview
00:01:47
like some interviews I've had on here
00:01:49
before and I will introduce my guest in
00:01:51
a minute but in this episode we don't
00:01:53
Focus too much on financial tips instead
00:01:57
we talk about the mindset and the story
00:01:59
and the the influences that can take
00:02:01
someone from quote unquote wandering
00:02:04
through life making $35,000 a year to
00:02:08
starting a business starting a family
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and investing their way to a half
00:02:12
million doll portfolio by age 30
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understanding the story and and finding
00:02:17
parallels in this story to your own life
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that's your mission as you listen
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through this episode so I hope you
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[Music]
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enjoy my guest today is Shan Cranston
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AKA The Wealth dad Shan as you might
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tell is a father of two young children
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he's an author and he's a personal
00:02:38
finance expert especially when it comes
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to simple effective investing topics
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that you can Implement in your own life
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his first book index fund investing 101
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was released in 2020 and his second book
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investing for your children 101 is set
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for release in a couple weeks here in
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mid July Sean thank you for coming on to
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the best interest podcast
00:03:00
yeah thanks for having me appreciate you
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or letting me come on absolutely
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absolutely I was hoping Sean you know
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some of our listeners are going to know
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about you but for those who don't can
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you give us a little bit of your of your
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elevator story especially how you got
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involved in personal finance and
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investing
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education sure you mind if I take uh
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take a little bit of time to explain
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this one would love it love it my okay
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so this kind of has to start um when I
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went to College uh so I come from a
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family I've got three older sisters all
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of whom were 10 times more books smart
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than I was like it it wasn't even close
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so the all my sisters were 4.0 students
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in high school and they all had a really
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good general idea of who they wanted to
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become After High School um so I've got
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two I had a teacher or my first oldest
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sister worked in finance first and then
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actually went back to get her Masters to
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become a teacher my middle sister uh
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Works in
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with child cancer patients so she became
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a nurse and then my youngest sister
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became a teacher um me on the other hand
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uh I was kind of the mistake child of
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the family I'm I've got a nine-year
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difference between my youngest uh oldest
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sister they're all two years apart but
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I'm kind of the straggler behind them um
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but but what they gave me at least was a
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good I guess Compass as you'd say to you
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know they went to college they did well
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for themselves they got in careers able
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to support themselves so me coming
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behind them although I wasn't as kind of
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motivated in the classroom uh as they
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were uh I knew College was pretty much
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the route I was going to go to that's
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just kind of what my family was doing um
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so I knew that was going to be
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eventually my path so I got to college
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had no idea what I wanted to study I was
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just kind of happy to be there that was
00:04:51
just the next step in my life um so I
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ended up studying criminal justice um I
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think I had a fascination with kind FBI
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shows at that time so that was just kind
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of an appeal for me and nothing else
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really stood out like I I would I would
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you would almost categorize me as like
00:05:08
the kind of classic like Wanderer or
00:05:10
college Wanderer per se they're just
00:05:12
there but they don't really have a plan
00:05:14
of execution as to you know what the
00:05:16
plan is over the next four years sure um
00:05:19
and and strangely enough I by the time I
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graduated I actually had the exact same
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GPA like to the 100th decimal that I did
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in high school I think I had like a
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three .16 in both high school and
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college I did just enough to get me by
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the once i' never strived for anything
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greater than that because I I didn't
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really have anything to push me towards
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um and then my first job out of college
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was I was making I think I got a job
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about three months after graduating so I
00:05:48
was actually pretty fortunate in that
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sense but I was making very small money
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compared to where I lived at the time so
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I'm I'm from the northern Virginia area
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and if you're from this area it's called
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like the DMV um DC Maryland Virginia but
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it's a pretty high paying Area High Cost
00:06:04
of Living area you're right next to DC
00:06:06
federal government and the job that I
00:06:08
got was in the city but I was making
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pennies compared to what everyone else
00:06:12
is making especially uh my colleagues
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and friends that are around my age so I
00:06:17
started making $35,000 a year uh working
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full-time going into the city every year
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where my my friends kind of in the same
00:06:25
class as me who studied like business or
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it were starting around 50 60 70,000 so
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wasn't making the most money but at
00:06:32
least had a job and I was making money
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yeah that was like 20 2010 or so right
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around then or a little earlier I
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graduated in 2014 2014 seven years ago
00:06:43
gotcha um and the job wasn't it was
00:06:48
about as mundane as you could get it was
00:06:49
literally like an Excel data entry job
00:06:53
that that's pretty much all it was no no
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real tough skills I was in criminal or
00:06:58
the criminal justice field I guess I
00:06:59
could say um but I had no Direction once
00:07:02
again I was just kind of floating there
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again um and
00:07:07
then for whatever reason just I can't
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pinpoint why it happened but my light
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bulb just like clicked like okay let's
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let's start focusing here um and then
00:07:18
like right when I noticed my internal
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light bulb like kind of shining and then
00:07:23
like me trying to get myself together my
00:07:26
boss at the time actually brought me
00:07:28
into his room
00:07:29
and he said one of the and I have this
00:07:32
in my introduction uh to my index fund
00:07:34
investing 101 book but he sat me down
00:07:36
and he said above all else um focus on
00:07:40
your retirement first and I was like
00:07:42
okay that's interesting um little bit of
00:07:44
backstory my first job was at the Navy
00:07:45
Yard so I'm surrounded by a bunch of
00:07:47
former officer Military Officers um
00:07:50
civil service members um so a lot of
00:07:53
them are a lot of the people I worked
00:07:54
with were retired uh enlisted people
00:07:57
officers um had their pension
00:07:59
um and he obviously understood the
00:08:02
importance of a kind of a pension
00:08:04
retirement plan and wanted to push that
00:08:06
on to me I'm not sure if he just saw me
00:08:08
just kind of floating around and thought
00:08:09
it was a good idea to to push me in that
00:08:11
direction but that was a seed that kind
00:08:13
of got planted in my head the only
00:08:15
financial knowledge or personal finance
00:08:18
knowledge I had up until that point was
00:08:20
advice I got from my sister who told me
00:08:22
she kept $2,000 in her checking account
00:08:25
and never spent below that so when she
00:08:27
got new money she would essentially
00:08:29
spend that down to 2,000 and then that
00:08:32
was like her zero doll marker she
00:08:33
wouldn't go beneath that that was my
00:08:35
budgeting essentially for the first year
00:08:37
of my life yeah um so so I'm not kidding
00:08:40
I don't I did not come from a personal
00:08:42
finance background per se um and then so
00:08:46
I took took my boss's advice uh I went
00:08:49
to my kind of HR department signed up
00:08:52
for the 401K had no idea what it was
00:08:54
just signed up for it put like three or
00:08:56
four percent in there and then
00:09:00
after a couple months I think got a
00:09:01
couple hundred dollars in there and then
00:09:03
one day I just logged in and I saw like
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a big green arrow that was pointing up
00:09:10
and then it said like four or five
00:09:13
dollars so nothing groundbreaking but I
00:09:15
saw like the account has increased a
00:09:17
couple dollars and then I was very
00:09:19
cognizant of the money I was putting
00:09:21
away in my savings account at the time
00:09:23
um although I wasn't good at money I was
00:09:24
still using that basic budgeting kind of
00:09:26
$2,000 checking in my head and
00:09:29
everything that kind of went when I
00:09:31
would get paid I would give myself $500
00:09:33
for every two weeks and everything would
00:09:34
go into savings um so I checked my
00:09:38
savings account and I knew that I had a
00:09:40
lot more money in my savings account
00:09:42
than I did in my
00:09:43
401k um but my savings account was only
00:09:46
growing like a couple pennies every
00:09:48
month so it was weird to see an amount
00:09:50
so much smaller in my 401k hundreds
00:09:54
compared to thousands in my uh savings
00:09:57
account but that was growing by a couple
00:09:58
dollars so at the time and I'd still say
00:10:01
I'm not a mathematician but I was smart
00:10:03
enough to put two and two together like
00:10:05
wait a minute there's a smaller amount
00:10:06
of money a couple hundred dollars making
00:10:09
a couple dollars compared to my savings
00:10:11
account which has up I think it was
00:10:13
close to like $10,000 when this was
00:10:15
clicking um but they was earning like
00:10:17
five cents a month so I was smart enough
00:10:19
to be like okay there's something going
00:10:21
on here um that I'm not understanding or
00:10:25
seeing
00:10:27
so I then went home to my at some point
00:10:30
around this time this my girlfriend at
00:10:32
the time she's my wife now we moved into
00:10:35
an apartment together um and I said hey
00:10:38
I wna I'm not a book reader so this
00:10:40
caught her by surprise like I want to go
00:10:41
on Amazon I want to buy a book on
00:10:43
investing she was like all right
00:10:44
whatever um she's not a money person
00:10:46
either so I bought uh what was it
00:10:48
Investing For Dummies this is probably
00:10:51
the first book I legit like have read on
00:10:55
my own as in like going to seek it
00:10:57
myself in my entire life I'm not kidding
00:11:00
um and I read it and I pretty much gave
00:11:03
you everything that a basic personal
00:11:05
finance person would know so your IRAs
00:11:07
Roth IRAs index funds ETFs stocks bonds
00:11:10
every basics of
00:11:12
it and it just kind of got addicting in
00:11:14
a way um it was starting to make sense
00:11:18
after I read it why my much smaller
00:11:22
401K was increasing by a couple dollars
00:11:24
as opposed to where my savings account
00:11:26
was only increasing by a couple pennies
00:11:28
so I was ble to connect these dots and
00:11:31
then it it was almost like the light
00:11:32
bulb kept getting brighter in my head I
00:11:33
was like wait a minute that I can
00:11:35
actually I can do something here I'm not
00:11:37
making the most money um but I know how
00:11:39
to grow this money now uh so my next job
00:11:44
in my head now was okay I have to
00:11:46
increase my income um this is my next
00:11:48
step I'm only making $35,000 a year my
00:11:50
friends are making double my wife's not
00:11:52
making that much money um either so
00:11:55
naturally this is if I want to grow this
00:11:57
money I've got to increase my income uh
00:12:00
back to where I was working I'm around a
00:12:02
bunch of former naval officers um my
00:12:06
actually one of my bosses at the time
00:12:08
too was a former Navy SEAL and a lot of
00:12:11
them got in my ear suggesting that
00:12:13
trying to apply for the naval officer
00:12:15
candidate school would be a good route
00:12:17
um they thought it'd be a good kind of
00:12:18
Direction path for me they saw like how
00:12:20
kind of dedicated I was getting after
00:12:23
you know first six months on the job and
00:12:25
then through reading the book I
00:12:26
understood the potential retirement
00:12:28
benefits that came potentially as an uh
00:12:31
as a military officer you had the
00:12:33
pension he had the Thrift Savings Plan
00:12:36
and I saw it as a great way to kind of
00:12:38
you know launch a career for myself take
00:12:40
care of my girlfriend who I was going to
00:12:42
get engaged to soon and then build a
00:12:45
great retirement plan for me I I loved
00:12:47
the idea of a pension um 20 years in I
00:12:51
was naive at the time thinking like you
00:12:53
know that'd be an easy 20 years um so I
00:12:55
started on the path then of applying for
00:12:57
uh the naval officer candidate at school
00:13:00
and it took about a year the entire
00:13:03
process of
00:13:04
applying and kind of you know getting
00:13:06
all my stuff together but in that year I
00:13:09
was reading voraciously essentially
00:13:12
every book on Amazon you could on
00:13:13
Personal Finance you name any money or
00:13:16
Finance investing book and I read it in
00:13:18
that year that bulb like I said that
00:13:20
light bulb was just getting brighter and
00:13:21
brighter and brighter and all the dot
00:13:23
just kept connecting more so by the time
00:13:27
the decision came I got the call for my
00:13:29
recruiter saying that I was accepted um
00:13:31
fortunately so obviously I was excited
00:13:34
but it came it was like an infliction
00:13:36
point in my life I was about 25 now a
00:13:38
couple years or I was 24 25 couple years
00:13:42
uh you know out of college into my
00:13:45
job and then I started think I was like
00:13:48
okay this is before I'm I even told my
00:13:50
wife I was accepted I'm kind of talking
00:13:52
to myself now I was like you know do I
00:13:54
take this plunge now do I essentially
00:13:57
sign my I don't want to say sign my life
00:13:59
away but you know I'm giving up a lot of
00:14:01
my time and you
00:14:03
know I don't want to say rights I'm
00:14:05
giving my time to the military for four
00:14:07
years where I'm not gonna be able to
00:14:09
dictate a lot or do I follow this kind
00:14:12
of New Passion that's developing in me
00:14:14
the personal finance and building
00:14:16
something out of it I didn't know at the
00:14:18
time what that would be um I was I just
00:14:21
knew I had a passion to kind of help
00:14:24
people like me who had no idea about
00:14:26
money um so I made the decision I said
00:14:29
you know what I'm I'm not going to do
00:14:31
I'm not going to go to the officer
00:14:32
candidate school I'm going to stick with
00:14:34
this uh money thing so I told my wife uh
00:14:38
or she was fiance at the time and she
00:14:41
started crying like immediately in the
00:14:43
uh in our apartment and not because like
00:14:46
she was happy that I said we're not
00:14:48
we're not doing the Navy um but she was
00:14:51
crying because I told her a couple other
00:14:53
things too so once again I mentioned I'm
00:14:56
not making the most money um we're not
00:14:58
making the most money I had I was
00:15:00
fortunate to graduate college without
00:15:02
any student loan debts I went to a local
00:15:04
uh state school and I only lived there
00:15:07
for one year in the last three years I
00:15:09
lived at home um but I did sign up for I
00:15:12
walked out of college without debt then
00:15:14
immediately signed up for like a $25,000
00:15:16
car loan so I wasn't making a lot of
00:15:18
money we weren't making a lot of money
00:15:20
we had the car loan um we rented a
00:15:24
two-bedroom apartment that was about
00:15:26
$1,800 a month once again pretty high
00:15:28
cost living area around here so we're
00:15:30
kind of we're doing okay but it wasn't
00:15:34
you know we weren't making
00:15:36
any steady progress I'd say or the
00:15:39
progress that I'd want to see so this
00:15:41
goes into the the next part is why she's
00:15:43
crying I told her I said Amber um I'm
00:15:47
not doing the Navy I want to chase this
00:15:50
personal finance fire I've got because
00:15:52
this is where my passion is and also
00:15:54
we're not going to renew the lease on
00:15:56
the apartment I want us to move back in
00:15:58
with my parents
00:15:59
and this that's what signaled the cry
00:16:01
she was like what what are you talking
00:16:02
about we've been we've been living on
00:16:04
our own for two like two and a half
00:16:05
years in this apartment life was great
00:16:08
but I explained to her I said if you
00:16:11
know you're okay with me going down like
00:16:13
us going down this New Path um I don't
00:16:16
want to waste any more money renting
00:16:17
while I'm kind of building a career
00:16:19
that's bringing more income and I want
00:16:21
to save up for a 20% down payment on a
00:16:24
home here uh I want to start building
00:16:26
some equity and real estate this one of
00:16:28
the books I read at the time was Dave
00:16:29
Ramsey so I had the 20% down payment in
00:16:31
my head yep sure I never really ran
00:16:33
numbers I just knew that was the number
00:16:35
I was looking at so we got to we're what
00:16:39
are we what am I 25 now and we moved
00:16:42
into my parents we were there for about
00:16:44
two years and I changed jobs but I was
00:16:48
still working in criminal justice but
00:16:50
the company I was working for was kind
00:16:52
of a business IT company
00:16:55
and this is kind of where I got my first
00:16:57
big jump in income um I knew I didn't
00:17:00
really want to do criminal justice
00:17:01
anymore I I my soul I didn't know what I
00:17:04
want to do I just knew I wanted to
00:17:05
increase my income um and there was a my
00:17:09
company or my former that I was working
00:17:11
for at the time they had their own
00:17:14
essentially accounting product that they
00:17:16
sold to federal government agencies and
00:17:18
they had a massive new contract that
00:17:20
came available so I actually was
00:17:22
fortunate to switch to that contract and
00:17:24
kind of enter the I was a business
00:17:26
analyst so I guess I was in like the
00:17:28
business world now and it came with a
00:17:30
nice increase and then when I was in
00:17:33
there I saw my next big jump was in
00:17:36
there was a business intelligence um if
00:17:40
people don't know what this is It's
00:17:41
essentially uh companies use data to
00:17:44
make um business-driven decisions so
00:17:47
you're working in data and I was able to
00:17:49
learn these skills on my own and wiggle
00:17:52
my way into the bi team and got an
00:17:54
interview with them and was able to um
00:17:57
fortunately get with them and then
00:17:58
another big pay raise uh so now we're
00:18:02
you know we're doing well we're we're
00:18:04
getting close to the down payment money
00:18:06
I think we're at the two-year Mark in
00:18:10
our um kind of our saving plan for the
00:18:13
house and then during this time I also
00:18:15
did a Blog way before I ever did the
00:18:17
wealth dad um it was called Frugal money
00:18:19
man um this was my first first attempt
00:18:23
at trying to you know do my personal
00:18:26
finance Wizardry on the world and help
00:18:28
everyone out sure been there yep so so I
00:18:32
did that for about a year and it it was
00:18:35
honestly looking back on it I enjoyed it
00:18:38
um it was fun it was the first time
00:18:39
connecting with the personal finance
00:18:42
online community um so I was writing
00:18:46
like a blog post a week uh wasn't there
00:18:49
wasn't getting that much many like
00:18:51
viewers but I created like an Instagram
00:18:52
account at Twitter I think the largest
00:18:54
followers I ever got for that one was
00:18:55
like a thousand followers on Twitter
00:18:57
nothing crazy on Instagram but after
00:19:00
about a year I was just burned out I
00:19:01
wasn't making any money um I enjoyed you
00:19:05
know helping people I like doing the DMS
00:19:08
but it was just becoming exhausting with
00:19:10
my job and then trying to write these
00:19:12
blog posts so I eventually just burned
00:19:13
out and I was like you know what uh this
00:19:16
isn't this isn't working as to what I
00:19:19
wanted like I had envisioned in my head
00:19:21
so I canceled it about Christmas and I
00:19:24
said you know I'm just going to take a
00:19:26
take a year and you know think about you
00:19:28
know if I still want to do this personal
00:19:30
finance thing um if I want to give it up
00:19:33
or just kind of let myself you know
00:19:35
mellow out and see how it failed so I
00:19:37
focused on my job a lot after that I got
00:19:40
into bi I was making good money I think
00:19:42
I was able to finally increase my income
00:19:44
from like 35,000 to like
00:19:46
75,000 um still not the biggest money
00:19:48
for the area I live in but it was big
00:19:50
enough for me um that that was able I
00:19:54
was now able to max out my Roth IRA I
00:19:56
was maxing out my 401k at the time um I
00:20:00
was we were making really good progress
00:20:03
together and
00:20:05
then we finally we're my wife was
00:20:08
searching Zillow like crazy because she
00:20:09
was getting cabin fever in my parents
00:20:11
house obviously it's not even her
00:20:12
parents understandable y y yeah and my
00:20:15
we I lived my parents lived in a
00:20:17
townhouse so it's not the biggest house
00:20:19
anyways um and we had our kid we had our
00:20:22
son uh I always mention him on social
00:20:24
media the wealth son sure um we had him
00:20:28
at kind of the two-year Mark there and
00:20:30
he we've raised his first like four
00:20:32
months we raised him in my parents house
00:20:34
but it was obviously it was the time
00:20:36
we're were like all right this there's
00:20:37
not space now we definitely need our own
00:20:39
space and we had I think we had about 60
00:20:41
to$ 70,000 save so we had a 20% down
00:20:44
payment for like a 300
00:20:46
$340,000 house and this was
00:20:50
now where we at we're we're
00:20:53
20 kind of 2020 now um but this was the
00:20:57
time where I was like hey she was she
00:21:00
was excited about you know looking for
00:21:01
houses on Zillow but I was like am I
00:21:03
want to give one more shot to this this
00:21:06
Finance thing I think I've got a I've
00:21:07
got a strategy this time that'll work
00:21:09
better so literally on like January 1st
00:21:13
2020 I created Instagram account the
00:21:16
wealth dead I wasn't on Twitter yet um I
00:21:19
may have created an account but I wasn't
00:21:21
active on it for the first month and all
00:21:24
I was doing really was posting like
00:21:27
Finance quotes from like books I was
00:21:29
reading it wasn't anything like
00:21:30
groundbreaking but I was just kind of
00:21:32
quoting stuff throwing it out there
00:21:34
every day getting like two likes three
00:21:36
likes and it was from like friends or
00:21:39
like family so sure no no no one really
00:21:41
knows who the hell I am um and then I
00:21:45
decided one day I think I found Chris
00:21:48
Johnson on Instagram in my first month
00:21:52
um if anybody don't know who this is
00:21:54
listening to it he's one of the big uh
00:21:56
personal or just money guys on social
00:21:58
media and he was posting really great
00:22:02
content and I noticed it was just like
00:22:05
his tweets he was just repurposing his
00:22:07
tweets on Instagram and I was like wait
00:22:10
a minute that that's actually a really
00:22:11
good idea you're not because what I was
00:22:14
doing was I was essentially giving other
00:22:16
people's words via their quotes but what
00:22:18
he was doing is he's taking his own
00:22:19
words his his own content per se from
00:22:22
Twitter and put it on Instagram and it
00:22:24
was great and I was like that that's
00:22:26
fantastic because I've got a lot more
00:22:28
you know that I want to say um but I
00:22:31
just didn't know how to exactly say it
00:22:32
so then I focused on Twitter in that
00:22:36
kind of next month and literally my
00:22:38
strategy was just post like three to
00:22:41
five times a day every day uh comment on
00:22:44
all the big accounts uh Chris Johnson
00:22:46
was one of them um can't think of the
00:22:48
others at the time but any account that
00:22:50
had like thousands of followers tens of
00:22:51
thousands of followers I was commenting
00:22:53
retweet commenting just to see if they
00:22:56
would notice me um or anyone would
00:22:59
notice me not even them just try to get
00:23:01
followers and then at about March it
00:23:07
started to pick up a little bit um I was
00:23:09
putting out some pretty good content I
00:23:11
got I think that's when I had about a
00:23:13
thousand or 2,000 followers on Twitter
00:23:15
and I got about a thousand followers on
00:23:17
Instagram so if I compared that back to
00:23:19
Frugal moneyman my blog I already blew
00:23:22
that essentially the follower count out
00:23:25
of the water in a three month span
00:23:28
um using the wealth dad content that I
00:23:31
did you know doing the blog kind of
00:23:33
route and essentially EV it's just been
00:23:37
in terms of the wealth dad that's just
00:23:40
what I've been doing every day up until
00:23:42
this day so a year and a half just you
00:23:43
know tweeting every day um repurposing
00:23:46
my uh tweets to Instagram doing a couple
00:23:49
of personal like money updates I'll do
00:23:50
my net worth updates on Instagram I'll
00:23:52
do like my kids accounts and I'll do a
00:23:54
couple other um things but let's go back
00:23:58
to now March when the when my account
00:24:00
started blowing up a little bit that's
00:24:03
when I started thinking to myself I was
00:24:05
like okay this is the time now to
00:24:07
monetize I'm seeing Chris Johnson make
00:24:09
money from courses I'm seeing people
00:24:10
launch ebooks and I got finally got the
00:24:13
idea in my head I said the one thing
00:24:15
that frustrated me a lot about the blog
00:24:16
was I would
00:24:18
write you know what I thought were great
00:24:20
posts and I think I thought they were
00:24:22
great posts but I had a couple readers
00:24:24
reach out to me and they were like you
00:24:25
know I like your content I just hate
00:24:27
reading a lot of you know paragraphs and
00:24:30
paragraphs and paragraphs and I was like
00:24:31
you know that's understandable if you
00:24:32
don't like personal finance um I think
00:24:35
you even kind of get that maybe
00:24:37
sometimes too you write all this stuff
00:24:38
and you know it's gonna be it's great
00:24:40
but you know it just doesn't click with
00:24:42
people they don't want to read a lot of
00:24:43
that sure so I was like okay I know I've
00:24:47
got what I've done personally is I've
00:24:51
grown a fairly large portfolio for
00:24:54
myself and wife relative to my age at
00:24:57
that point I think we had like1 $200,000
00:25:00
in the stock market and it was all in
00:25:02
index funds that's what I understood um
00:25:05
so I
00:25:06
knew where we were compared to our age
00:25:08
financially people would benefit from
00:25:11
that knowledge um and I also coming from
00:25:14
a non-finance background and learning it
00:25:17
myself over the years I knew what the
00:25:19
pain points were for people who had no
00:25:21
idea about this and I knew what kind of
00:25:24
content that beginners and novices
00:25:27
Digest did um and it really benefited me
00:25:30
when I made the book so when I made this
00:25:32
book in March um I filled it with
00:25:35
essentially tons of visual I made it as
00:25:37
pretty as possible um I was noticing a
00:25:39
lot of ebooks were kind of like Google
00:25:40
Docs um nothing wrong with that but once
00:25:43
again I knew I wanted my book to stand
00:25:45
out so I made it colorful I had charts I
00:25:47
had visuals I had scenarios I had
00:25:49
examples and my book was probably about
00:25:52
60 40 written word to visuals and then
00:25:56
when I finally released it the cont or
00:25:58
the feedback that I got from it from
00:25:59
people was amaz they the one thing that
00:26:02
automatically came out is they loved the
00:26:04
visuals they loved how they were able to
00:26:06
relate to it as opposed to the written
00:26:08
content and I think I sold about a
00:26:11
thousand bucks in my first month and
00:26:13
that that blew my expectations out of
00:26:16
the water um this is around April time
00:26:18
frame I didn't I honestly didn't think I
00:26:20
would sell more than like 20 copies of
00:26:22
this book um but people kept soaking up
00:26:25
and they loved it and they were sharing
00:26:26
it with their friends their family I was
00:26:28
got getting messages they were like can
00:26:29
you convert this to Spanish um our
00:26:32
family would this this is like
00:26:34
groundbreaking for us how you written it
00:26:36
and how you designed it and I was like
00:26:38
wow this is this is really something um
00:26:40
and I kept editing and I kept updating
00:26:42
the book for people and then it just
00:26:45
really it grew from there um it was
00:26:47
fortunate to lead into my second book
00:26:49
because it all the questions I got from
00:26:50
people they were like well you know we
00:26:52
have kids how do I invest for my kids
00:26:54
and then my brain naturally clicked
00:26:56
again I said okay well just like where
00:26:58
in the past me and my wife were you
00:27:01
could say ahead of people financially in
00:27:03
terms of our portfolio we also had kids
00:27:05
who had thousands of dollars in the
00:27:06
stock market so I knew I had a knowledge
00:27:09
once again that I could sell to to
00:27:11
people who needed that for that so
00:27:13
that's naturally what led to uh to book
00:27:15
number two um so that's just that that's
00:27:18
kind of my long-winded story on where
00:27:20
where I got to today it I don't think I
00:27:22
have a very traditional background per
00:27:25
se from a lot of these Finance people
00:27:27
online um many kind of come from a
00:27:30
business background or Finance
00:27:32
background or they had a high-paying job
00:27:34
at a college um I had a very checkered
00:27:37
kind of route to get here my my life
00:27:39
changed almost like every year year and
00:27:41
a half in terms of what I wanted to do
00:27:43
who I was um my goals at the time and
00:27:46
and I think you kind of see on social
00:27:47
media my mind still changes um to this
00:27:50
day with the recent kind of mortgage
00:27:52
vers investing um so you know the the
00:27:56
quote unquote wealth that I am today is
00:27:59
much different than the one that started
00:28:01
on January even 2020 um by by a long
00:28:04
shot so I'm definitely definitely
00:28:06
blessed to be kind of where we're at now
00:28:09
um this definitely if you would if if I
00:28:12
would have went went back in time
00:28:14
essentially January 2020 and told myself
00:28:16
this is what it would have become I
00:28:17
would have been like you're out of your
00:28:19
effing mind um there's no way it would
00:28:22
have been able to grow to where it did
00:28:24
um so I'm definitely blessed that it was
00:28:26
able to to get to this point
00:28:28
first off congratulations on all the
00:28:30
success right that's amazing it's an
00:28:32
amazing story um I've got like 20
00:28:35
different questions I want to ask you
00:28:37
Sean now sure I I knew I I was gonna I
00:28:39
was gonna take a bunch of time with that
00:28:40
I just didn't know how to I I couldn't
00:28:42
give you one part of like my past seven
00:28:45
years and it would make sense to anybody
00:28:47
so I had to kind of Lay It lay it all
00:28:49
out no I I understand I understand um
00:28:53
let me see I'm going to work through a
00:28:54
couple of these I'm not going to get all
00:28:56
20 I get it first off the one thing you
00:28:58
just said was how even your your
00:29:01
mindsets and your opinions about
00:29:02
investing have changed even in the last
00:29:04
18th months since you started the wealth
00:29:07
dat account since you released Index
00:29:09
Fund investing 101 I think that's a good
00:29:11
thing right I think that's a good thing
00:29:13
that you learn something new or someone
00:29:16
shows you some math that you didn't
00:29:18
understand before or that you weren't
00:29:19
aware of before and you say oh actually
00:29:22
doing it this way makes a little more
00:29:24
sense than what I first assumed right
00:29:26
that's that's the whole point of what
00:29:28
we're doing out here yeah especially
00:29:30
when it comes to you know the fact that
00:29:32
a lot of us on say Twitter for example
00:29:35
we're all we're all fighting the same
00:29:37
fight we have the same missions in mind
00:29:38
to help people and we should be
00:29:41
comparing ideas and trying to figure out
00:29:42
what's best before we then turn around
00:29:44
to our respective audiences and say this
00:29:46
is the way um yeah I think that's
00:29:49
awesome and I hope everybody listening
00:29:50
thinks that's awesome I want to go back
00:29:54
I want to go back real early to
00:29:55
something you said and and just pull on
00:29:57
this thread and and maybe I'm going to
00:29:59
pull on the thread and it's just going
00:30:00
to pop right out and there's nothing
00:30:01
there but you had mentioned that you
00:30:03
were a Wanderer right you kind of
00:30:04
wandered through college and early
00:30:06
career you were wandering and then one
00:30:09
day for whatever reason a light belb
00:30:11
kind of turned on and that light bulb's
00:30:14
just been getting brighter and brighter
00:30:15
and brighter since yeah so thinking back
00:30:17
to then I mean there really wasn't some
00:30:19
sort of Turning Point seminal moment
00:30:21
that flipped that light bulb switch it
00:30:23
just kind of started glowing on its
00:30:26
own no uh well
00:30:29
H let me work backwards again um so I
00:30:34
will categorize myself even in high
00:30:36
school uh high school and college as
00:30:38
like a Wanderer like I said I I showed
00:30:40
up and did enough to get me to the next
00:30:42
level um but one thing that always
00:30:45
benefited me I told you my GPA was
00:30:47
pretty much the exact same um one thing
00:30:49
that really benefited me at least in
00:30:51
school and it has benefited me now a lot
00:30:54
in the Working World and my business and
00:30:58
uh partnering with other people like
00:31:00
Chris with wealth Squad um is I've
00:31:03
always had kind of
00:31:05
a
00:31:07
innate fear of losing or failing in me
00:31:11
um I've got a sports background uh
00:31:14
played Sports all throughout um
00:31:16
Childhood High School still like to this
00:31:19
day and for what I I just hate the fact
00:31:23
I hate the idea of losing or failing
00:31:26
when I know
00:31:27
I could have done something to change
00:31:29
that outcome um so there was a lot of
00:31:31
instances kind of in high school or
00:31:34
college where there was moments that I
00:31:37
was potentially going to fail I didn't
00:31:38
think that I was going to get to the
00:31:41
next level but then I would just tell
00:31:42
myself I would be like well what's the
00:31:45
the other option is failing and that
00:31:46
that's not acceptable um you're not
00:31:48
going to fail because that's not an
00:31:50
option for you so I was fortunate to
00:31:53
that although I was a Wanderer I always
00:31:56
forced myself not to fail um so that
00:32:00
pushed me you know if I was struggling
00:32:01
in a class I was like all right get get
00:32:02
your ass to class and let's get an A on
00:32:04
the final or if there's a group project
00:32:06
that's struggling there was one time in
00:32:07
college I just told everybody said all
00:32:09
right you guys just stop let me write
00:32:11
this whole project I'm gonna do it
00:32:12
myself um just weird little outof
00:32:14
character things but I would do like I
00:32:15
said I would do enough to get me go um
00:32:18
to the next level but once again I
00:32:19
wouldn't let myself fail kind of in the
00:32:22
big moments so the light bulb if I have
00:32:26
to
00:32:28
think how I associate that mentality and
00:32:31
when it clicked in real life I think it
00:32:34
was when I started thinking that I was
00:32:37
potentially going to marry my
00:32:40
wife and knowing that I probably just I
00:32:44
didn't think of it like in the moment
00:32:47
but I think it's that subconscious
00:32:48
mentality in the back of my head like
00:32:50
you can't fail you can't lose saying
00:32:52
like hey if you're going to go down this
00:32:53
route you can't wander you you you have
00:32:56
to pick Pi a lane now um you can't just
00:32:59
you know start a family and just you
00:33:02
know um just randomly go about life
00:33:05
every year just changing it all the time
00:33:07
You' got to pick a Direction so I think
00:33:09
that kind of just mentality Compass
00:33:12
pushed me um in a direction and then it
00:33:16
just kind of coincided with the finance
00:33:17
thing all of that happened you know when
00:33:19
I was applying for the Navy I was
00:33:21
reading all these books I knew I was
00:33:22
probably going to marry or get engaged
00:33:24
to my wife and
00:33:27
that just focused it all at one time and
00:33:29
I said all right I'm G to put everything
00:33:30
together I'm going to put all my dumb d
00:33:33
uh not going to drink as much um I'm
00:33:36
gonna focus more not gonna let these
00:33:37
distractions do it anymore and I just
00:33:39
focused every day on just being focused
00:33:41
in the moment kind of like what I do
00:33:43
with the wealth dad um I was joking with
00:33:45
a friend the other day she messaged me
00:33:48
about a com or one of my posts and
00:33:51
congratulated me on the success and I
00:33:53
told her I said
00:33:55
honestly there's nothing
00:33:57
if you ask me there's nothing special
00:34:00
about the wealth dad compared to any
00:34:02
other personal finance account I
00:34:04
probably say the exact same information
00:34:06
on a daily basis that almost everyone
00:34:08
else has on Personal Finance the only
00:34:11
difference in my account and the average
00:34:14
Joe personal finance account is I've
00:34:17
been doing it every single day for a
00:34:20
year and a half I haven't given a day up
00:34:23
um and that was once again the back of
00:34:25
my mind I can't I'm not I can't allow
00:34:27
myself to fail that's the only thing
00:34:29
I've been doing that's been helping me
00:34:30
out so much is I've been showing up
00:34:32
every single day uh so just I think just
00:34:35
kind of that you know the fear the fear
00:34:37
of failure in the back of my mind I know
00:34:39
I can't fail my family um and that
00:34:42
that's honestly what pushes me the most
00:34:44
now I'm fortunate now that our income is
00:34:47
a lot crazier than it was you know five
00:34:50
six seven years ago and it makes
00:34:51
everything a lot easier now um but I
00:34:53
still had that same mentality you know
00:34:55
we're making over 200 Grand this year
00:34:57
with all of our combined incomes but I
00:34:59
still have the exact same kind of fear
00:35:01
of failure mentality as when I was
00:35:03
making 35,000 I still spend my money on
00:35:06
the same stuff um still do the same
00:35:08
things I don't you know I didn't buy the
00:35:11
Tesla immediately when I got my first
00:35:13
you know gumroad paycheck from my job or
00:35:16
from my uh from my books I'm I'm pretty
00:35:18
I'm literally the same guy I've always
00:35:20
been since high school um and I you know
00:35:24
just just no longer wandering is all I'm
00:35:26
not wanding or you know I would say I'm
00:35:28
focused wandering now I'm still my wife
00:35:31
would tell you my mind changes all the
00:35:32
time and I'm doing stuff but I at least
00:35:35
do what I need to do on a daily basis to
00:35:37
keep me going in a direction that is
00:35:39
going to provide for my family and not
00:35:41
let me fail them yeah that makes sense
00:35:44
it absolutely makes sense and from the
00:35:46
outside looking in it certainly doesn't
00:35:48
look like you're failing man so
00:35:50
congratulations it looks like you're
00:35:51
succeeding and uh even if you are
00:35:54
wandering a little bit like you said
00:35:56
it's f focused wandering like your path
00:35:58
seems really well defined and you're
00:36:00
allowed to take a step off the trail
00:36:02
every now and then but the trail is
00:36:03
still there yeah um okay Sean so let me
00:36:07
now let's put some of these ideas into
00:36:09
practice imagine I'm listening to the
00:36:11
podcast I'm 25 I'm 28 I'm 30 years old I
00:36:15
want to get into investing and I like
00:36:17
the wealth dad so I'm going to try out
00:36:18
index funds build me an index fund
00:36:22
portfolio what what would you tell me to
00:36:24
invest
00:36:25
in
00:36:27
so I'm going to tell you first and
00:36:29
foremost before you get for the
00:36:31
portfolio as a 26-year-old who's
00:36:33
starting for the first time I know
00:36:35
you're not going to have pretty much any
00:36:36
idea on the funds that I tell you to
00:36:38
invest in anyways you don't have the
00:36:40
knowledge yet but what I'm going to tell
00:36:41
you to do is at least invest in either a
00:36:44
S&P 500 or total stock market index fund
00:36:48
um why I say that is because the s&p500
00:36:51
has an extremely long uh long-term track
00:36:54
record dating back to
00:36:55
1926 of averaging just under 99% in real
00:37:00
returns when you consider uh dividends
00:37:02
reinvested and you account for inflation
00:37:05
so what this is going to do when you
00:37:06
invest in an S&P 500 Index Fund or total
00:37:09
stock market index fund is it's going to
00:37:11
put your money across the essentially
00:37:13
all the largest companies in the United
00:37:14
States um this is your Home Depot uh
00:37:17
Apple Microsoft Amazon all the companies
00:37:19
that you see on a daily basis you're now
00:37:21
going to shift from being just a
00:37:23
consumer in the economy to now you're
00:37:25
going to be an owner in the economy by
00:37:27
owning a piece of each of these
00:37:29
companies through a basic S&P 500 or
00:37:32
total stock market index fund but then
00:37:34
I'm also going to encourage you once you
00:37:36
get comfortable with that to adding just
00:37:38
a simple total International stock
00:37:40
market index fund Port uh Index Fund so
00:37:44
you can my recommendation would be doing
00:37:47
a 7030 split between us to International
00:37:51
um you can even maybe do 8020 uh us to
00:37:54
International depending on how much more
00:37:56
you believe in the US to to
00:37:58
International stocks um but I do believe
00:38:00
it is good to own a globally diver
00:38:03
Diversified portfolio that's not just
00:38:05
focused on the United States because
00:38:07
Anything Could Happen um in the US
00:38:09
economy it it might not always be as
00:38:11
great as it is there could there could
00:38:13
be decades where our econom is in a
00:38:15
slump and you want to be Diversified um
00:38:17
to the rest of the world as well so do a
00:38:20
simple 7030 or 80/20 split between a S&P
00:38:24
500 Index Fund total stock market index
00:38:27
fund and a total International stock
00:38:29
market index fund gotcha so a couple
00:38:32
follow-up questions then so let's say I
00:38:34
do let's say I do the 7030 let's say I'm
00:38:36
70% in a total us fund so I own not only
00:38:40
the big us companies but the small ones
00:38:41
too 70% of my portfolio the other 30 I
00:38:44
go International let's say in the next
00:38:47
year uh International stocks happen to
00:38:50
outperform and just by the basis of the
00:38:52
way the market performs my portfolio now
00:38:55
is actually more like 6040 because let's
00:38:58
say the US market does poorly while the
00:39:00
international market does well do you
00:39:02
recommend that people should I bring
00:39:05
that back into balance or or rebalance
00:39:07
as people say back to 7030 and and if so
00:39:10
how often should I do that yes I would
00:39:14
but I would not sell um I'm a fan of
00:39:18
letting your winners run and what that
00:39:20
means is as your Investments are growing
00:39:23
I'm not a fan of then selling them as
00:39:25
they're on an upward Trend so what I
00:39:29
would do and you can either do this on a
00:39:32
twice a year or just once a year on an
00:39:34
annual basis but what I would do to get
00:39:36
your portfolio back from that 6040 to
00:39:39
7030 is what I call buying more of your
00:39:43
losers um so you're losing essentially
00:39:45
your portfolio that's getting uh
00:39:48
outperformed by your other one who's not
00:39:50
doing as well you're going to put all of
00:39:51
your new contributed money to that fund
00:39:54
and you're going to build back your
00:39:55
asset out allocation that way by buying
00:39:58
more of the losers while still allowing
00:40:01
um that one fund that's performing a lot
00:40:03
better to continue to run um because I'm
00:40:06
a definitely a big fan of letting the
00:40:08
winners run and not stopping the steam
00:40:10
early per se gotcha so I'm sitting at
00:40:14
6040 US 60 International 40 and what
00:40:17
you're saying is for the next few months
00:40:19
I'm just gonna buy us correct I'm just
00:40:22
going to buy the US and it's slowly
00:40:23
going to be 6139 6238 slowly creep back
00:40:26
up to that 7030 Target I like it correct
00:40:29
I like it excellent so 70% or 80% us
00:40:34
funds 20 or 30% international funds
00:40:36
sounds like a great place to start to me
00:40:39
and then from there it's time to start
00:40:40
learning and and as you learn more as an
00:40:42
investor you might decide to change your
00:40:45
own portfolio but the idea of just
00:40:46
starting and starting with that
00:40:48
portfolio balance that allocation I I
00:40:51
like it I like it Sean thanks for that
00:40:52
advice yeah simple and to the point cool
00:40:56
well Sean let's transition then we're
00:40:58
we're at about the 45 minute Point let's
00:41:00
go to the rapid fire
00:41:03
questions the first one good what is the
00:41:06
last material object or personal luxury
00:41:09
that you spent $100 or more on and it
00:41:12
can be for the kids or it can be for you
00:41:14
and your wife because I understand
00:41:15
there's a lot of costs with with having
00:41:17
little
00:41:18
babies material wise is probably
00:41:20
something for the kids to be honest um
00:41:23
like I said I I I'm not kidding when I
00:41:25
say I'm the same person I've been since
00:41:27
I was in high school I go to the gym
00:41:28
every day I pretty much wear the same uh
00:41:30
running shorts so I can't think of
00:41:32
something like I've spent $100 on
00:41:34
myself uh actually no you know I got a
00:41:36
$200 Amazon gift card from my work the
00:41:39
other day and I gave it entirely to my
00:41:40
wife and she spent it on new clothes for
00:41:42
herself that was our that was our I
00:41:45
think the last thing that comes to mind
00:41:47
in terms of just kind of like shopping
00:41:49
um neither of us are big kind of money
00:41:51
Spenders but that that would probably be
00:41:53
it so this this isn't a trick question
00:41:56
Sean but would you say that your
00:41:59
frugality or your you know kind of your
00:42:01
disinterest sometimes in material Goods
00:42:04
is correlated to the fact that your
00:42:05
investment accounts have grown so much
00:42:08
does that make
00:42:10
sense so are you saying like because
00:42:13
because you don't spend a lot of yeah
00:42:15
because you don't spend a lot of money
00:42:16
on stuff you use that money to
00:42:20
invest I mean mathematically yeah right
00:42:23
yeah you put if if the if the numbers
00:42:25
aren't going to expenses they're they're
00:42:27
going to my investment account um
00:42:29
obvious no doubt about that right um not
00:42:33
a not a trick question I didn't mean it
00:42:35
as a trick question it's just it's just
00:42:36
trying to you know exemplify to the
00:42:38
audience sometimes they I get readers or
00:42:41
I'll see people on social media say yeah
00:42:43
well no one has a thousand dollars a bu
00:42:45
a month to invest and in some cases
00:42:47
that's absolutely true and and I totally
00:42:49
get it I'm there with you but in other
00:42:52
cases those thousand a month are going
00:42:55
towards the nicest items that money can
00:42:58
buy instead of going into an investment
00:43:00
account it's all about choices everybody
00:43:02
makes their own choices and and if you
00:43:03
don't choose to spend on material Goods
00:43:05
you'll have more money to to do other
00:43:07
stuff with like invest and you know one
00:43:10
thing I'll add to that too and this is
00:43:12
where once again I've been I'm I'm a
00:43:14
completely different person than I was
00:43:16
when I first started this account or
00:43:17
even when I first started reading about
00:43:19
money back in the day I would more kind
00:43:22
of agree with just your basic statement
00:43:24
if you're not spending as much you're
00:43:25
going to have more uh means to be able
00:43:29
to invest and I was always of the sense
00:43:31
you know cutting expenses is the most
00:43:33
important thing to do for people and it
00:43:35
is definitely important you know you
00:43:37
don't need to be spending whatever 300
00:43:39
400 bucks at the club every month um but
00:43:42
in my journey uh what's helped me the
00:43:46
most because I was a person who wasn't
00:43:47
able to invest a$ thousand dollars a
00:43:49
month um I was only able to do that up
00:43:51
in like recently in the past couple
00:43:53
years um I was I was definitely not
00:43:56
doing this my first couple years of
00:43:57
investing I was doing maybe a couple
00:43:59
hundred bucks um what changed my life is
00:44:01
I just focused on increasing my income
00:44:03
um that I always knew that was my was
00:44:06
going to elevate myself the most um I
00:44:08
wasn't I knew I wasn't going to be
00:44:10
spending as much but that's going to be
00:44:11
helping people who are more natural kind
00:44:14
of spendy people yeah who have those car
00:44:17
desires who have what it go going out um
00:44:20
cutting expenses will help them yeah but
00:44:22
a lot of times in their case increasing
00:44:24
income is going to be a lot easier for
00:44:26
them and it's going to provide them a
00:44:28
much better quality of life because
00:44:29
they're going to hate reducing their
00:44:31
expenses in those areas excellent point
00:44:34
excellent point you got to think about
00:44:35
what makes you happy as well as kind of
00:44:37
what what the longterm goals are yeah um
00:44:40
let's go to the next question Sean
00:44:41
what's your favorite Financial tool or
00:44:44
app or service and why do you like it I
00:44:48
like personal Capital um so this is a
00:44:51
basic TR it tracks all your finances so
00:44:53
all your investment accounts your bank
00:44:55
accounts uh all of your uh liabilities
00:44:58
so like your mortgages your student
00:45:00
loans your credit cards and what it does
00:45:03
is it gives you a nice dashboard it
00:45:05
provides you your net
00:45:07
worth if people don't uh if your
00:45:09
listeners don't what this is essentially
00:45:10
just like your financial value um how
00:45:12
much you're worth financially and it
00:45:15
lists out every account and it shows you
00:45:16
your progress um how you've been doing
00:45:19
where you've been spending uh it's just
00:45:21
a really nice kind of tool that puts
00:45:23
every all of your money into one place
00:45:25
without you having to log into you know
00:45:27
Bank of America and then your Vanguard
00:45:29
account and then your Ally Bank and
00:45:30
things like that or your student loans
00:45:32
it's a nice place to be able to just put
00:45:34
all of them in one centralized
00:45:36
location awesome and full disclosure
00:45:40
there's probably going to be some ad
00:45:41
copy at the beginning of this episode
00:45:43
about personal capital and listeners
00:45:45
that was completely uh unrelated I said
00:45:48
nothing to Sean before he came up with
00:45:50
that he just likes it on his own so you
00:45:52
know it's good it's Lally the only app I
00:45:54
use for finance awesome uh well last one
00:45:57
Sean imagine you have a billboard and
00:46:00
you can share anything you want with the
00:46:02
world what message would you put on that
00:46:07
billboard I like this
00:46:14
question I'd say life is not as hard as
00:46:17
as you
00:46:18
think
00:46:20
um years ago I I wouldn't have you know
00:46:25
I wouldn't have believed that myself I I
00:46:27
thought Life as a Wanderer you know
00:46:29
without Direction I thought life was
00:46:31
going to be hard um now that I've you
00:46:34
know achieved a decent level of success
00:46:37
uh financially with the business I'm
00:46:39
able to now look back and see that all
00:46:42
this really was was just me putting in
00:46:44
the work every single day um once again
00:46:47
like I told you like I told my friend
00:46:49
all I've been doing differently is
00:46:51
putting in the work every single day for
00:46:53
a year and a half where most people even
00:46:55
my old self would have quit after six
00:46:57
months a year um so although life seems
00:47:01
hard it's really not hard that it's not
00:47:05
as hard as you think to get essentially
00:47:07
to that next level to that one% of
00:47:10
people if you're willing to put the work
00:47:13
in every single day for a long period of
00:47:15
time um so that that's what I would tell
00:47:19
you know readers now especially young
00:47:21
people a lot of people are a lot of
00:47:23
young people are discouraged you know
00:47:24
with kind of student loan
00:47:27
you know Co just hit um state of what
00:47:30
they think the economy is a lot of a lot
00:47:32
of doubt in young people so I would just
00:47:34
want to tell them you know it's not as
00:47:35
hard as you think but if you're that
00:47:38
that's saying that you're going to put
00:47:40
the work in though um so hopefully that
00:47:43
answers your question a little bit it
00:47:45
absolutely does it absolutely does and
00:47:47
uh yeah in my own life I can certainly
00:47:50
count my blessings and and pick out the
00:47:51
points in life where I've been lucky and
00:47:54
I can also look at points in life where
00:47:55
I've said
00:47:56
hard work got me through that and hard
00:47:58
work got me here and it usually it's a
00:48:00
combination of both and it's what is it
00:48:02
Thomas Edison maybe or one of those guys
00:48:04
who pointed out the fact that it's the
00:48:07
combination of really hard luck or
00:48:09
really hard work really hard work gets
00:48:12
you to the point where all of a sudden
00:48:13
you can take advantage of your luck when
00:48:15
it comes along so it really is that
00:48:17
combo that's a great answer Sean and uh
00:48:20
I just want to thank you for coming on
00:48:21
the best interest podcast this was a
00:48:23
great
00:48:23
conversation yeah I enjoyed this um I've
00:48:26
done a couple podcasts before and they
00:48:28
were a lot more you know money Finance
00:48:29
related and I love talking money
00:48:32
obviously my name kind of says that um I
00:48:35
liked kind of talking a little bit more
00:48:37
about you know the more about the
00:48:39
mentality uh around you know who I am
00:48:42
what I think has helped to me a lot um
00:48:44
so I definitely enjoyed exploring those
00:48:46
areas a little bit more um than just the
00:48:48
money side so I appreciate it absolutely
00:48:51
absolutely it was really really good
00:48:52
story and fun to learn about you uh
00:48:55
we'll talk to you soon man great to meet
00:48:57
you yeah appreciate it
00:49:00
[Music]
00:49:04
Jesse big thanks to Shawn the wealth dad
00:49:07
for coming on to the podcast today if
00:49:09
you want to connect with Shawn the best
00:49:11
places to do that are on Twitter or on
00:49:13
Instagram where his handle Is atthe
00:49:16
wealth dad and if you're interested in
00:49:18
pre- purchasing or purchasing his books
00:49:21
he's got links in his profiles on social
00:49:23
media to find index and investing 101
00:49:26
and investing for your children 101
00:49:30
thank you again Sean if you want to
00:49:32
reach out to me my email is Jesse bestin
00:49:35
interest. blog or you can find me on
00:49:37
Twitter where my username is bestest JC
00:49:41
and I'm now on Instagram actually at
00:49:44
theore
00:49:46
bestore the best interest with
00:49:49
underscores on Instagram if you find
00:49:52
these interviews valuable and you want
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to give back there are three very easy
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options for you all free all free for
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now option two leave a rating of the
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00:50:10
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00:50:13
example J oi wrote in and said been a
00:50:16
follower of the blog for a while now I'm
00:50:18
looking forward to more color commentary
00:50:20
on the post content great first few
00:50:23
episodes cheers Jesse big fan
00:50:25
J oy I'm a big fan of you thank you for
00:50:28
those kind words we can continue to
00:50:30
invest in one another because as Ben
00:50:32
Franklin said an investment in knowledge
00:50:35
pays the best interest sharing with
00:50:37
others that's investing in their
00:50:39
knowledge so thank you all thanks for
00:50:41
listening to Episode 22 of the best
00:50:44
interest
00:50:45
[Music]
00:50:54
podcast