The Path to FIRE with Gwen Merz
Take away: Create the willpower to keep going.
Action step: Bump up your savings rate a little bit this week.
Money Learnings: Gwen spent the early part of life without much money and then when her mom got married again they moved into a upper middle class life.
Gwen is a 27 year old on the path to financial independence. She saved $200k in 5 years and recently quit her job to become a full time entrepreneur. She enjoys biking around the lakes and practicing her terrible golf swing. She lives in Minneapolis.
Highlights from this episode:
- Gwen’s parents had her work when she was a teenager.
- How she received a full ride scholarship to college.
- How do you instill drive into kids.
- Gwen gives it all up for a boy.
- The difficult path of entrepreneurship.
- The challenge of time versus money.
- Rental real estate and the issues of being a landlord.
- Matching your skills to the needs of the job.
- Gwen shares her different business ventures.
- FIRE Movement – Financial Independence Retire Early.
- The power of compounding interest.
- Finding meaning and balance in work.
- Keep your expenses low early in life.
- Pay yourself first and automate the payments.
- The consumerism culture.
- Be careful who you surround yourself with.
- It doesn’t matter how many times you fall down, it’s how many times you get up.
- The lessons Gwen learned from her podcast guests.
- Pick the right path for you.
- Take the leap, a life of trying is better than a life of regrets.
If you like the show please leave a review on iTunes: http://bit.do/richersoul
https://www.facebook.com/richersoul
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
Podcast: Play in new window | Download
Subscribe: RSS
0 Comments