Podcast

043: How I Paid Off $81,000 In Debt

By Austin Netzley

Check out all of the episodes and the new podcast player HERE!

I am frugal.

Some would call me cheap. And over 5 years ago, I came out of college with $72,000 in student loans, and another $9,000 from a car loan… totaling $81,000.

This number not only surprised me (my own fault), it also made me sick to my stomach… and I can still remember the feeling!

But I paid it off in 3 years, and in this episode, I share the 10 steps you need to take to pay off your debt!

Listen in and get out of that bad debt!

1. Make the decision to be debt free!

2. Stop acquiring new debt!

3. Figure out all of the details of your loans.

4. Establish an emergency fund.

5. Look at your options.

6. Figure out your “why”.

7. Create your goals.

8. Pick your strategy (two are discussed in the podcast).

9. Go!

10. Celebrate! 🙂

Action Items:

What step have you not completed yet? Start there and work your way down the list.
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038: Get Started Towards Wealth – Robert Farrington

By Austin Netzley

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Check out YoPro Wealth in iTunes here!

You can create wealth, no matter what you do for your career by following some simple guidelines.

But you cannot succeed if you do not even start.

So, in this podcast, Robert Farrington of TheCollegeInvestor.com and I talk about how to start, and how to do it the right way.

Every successful and financially free person has, at some point in time, made the decision to start. They put in some work up front, and have reaped the rewards for the rest of their lives. And that is what Robert and I are here for – to help you get started so that you can build and live your dream lives.

In This Podcast, You’ll Learn:

Why working for someone else at first isn’t a bad option.
The different areas of wealth.
The 3 elements of creating financial success.
What the most common investing mistake is.
How to succeed in the stock market.
How to overcome student loan debt.
Why you need to take control of your own future.
And much, much more! [Read more…]

035: Trade Like A Casino – Richard Weissman

By Austin Netzley

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Check out YoPro Wealth in iTunes here!

You have to know who you are in the investing world.

Otherwise, the market will figure it out for you.

As I talk about in Investing 101, you have to find what works for you, and what makes sense to you.

If your investing strategy and your personality/risk tolerance are not aligned, then it will be very difficult to become successful.

Richard Weissman, author of Trade Like a Casino, found that technical trading appealed to him and he went after it.

In this episode, Richard shares some great insight on the important factors of investing success, so I know you’ll really get a lot out of it!

In This Podcast, You’ll Learn:

The big mistakes that Richard made at first.
The 1% rule.
How much you should risk in investing.
How to not get stopped out on random noise.
The myth of limited successful strategies.
The best risk adjusted rate of return based on our unique personalities.
Why you need to understand your timeframe and your assets.
How you build successful investing models.
Why you need to start early, and focus on taxes.
The types of mechanisms that you need to take advantage of as a YoPro.
How to manage risk.
And much, much more! [Read more…]

033: Make Money, Invest Wisely – Rob Berger

By Austin Netzley

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Check out YoPro Wealth in iTunes here!

At the end of the day, it is all so simple.

Investing, wealth, relationships, etc. They are so simple.

Yet, they are often so hard for us at first.

For example, the wealth equation is so simple: make more than you spend, and invest the difference wisely.

Yet, it is so difficult (people believe), because 1) you don’t make enough money, 2) your expenses are too high, and 3) you don’t know how to invest the difference wisely (if there was any).

But YoPro Wealth, and what our special guest Robert Berger (of DoughRoller.net), are focused on are helping you with each step of these pieces of your financial situation.

Rob and I talk a lot about financial freedom, true wealth, and how to invest the right way. I know that you’ll truly enjoy this edition of the YoPro Wealth podcast.

In This Podcast, You’ll Learn:

Why passive income is key.
What the ultimate goal is.
How you should set up your investments.
The keys to succeed in the investment world.
The role that costs play in investing.
Why your credit score is important.
How to invest well for the long term.
Why true wealth takes time.
The equation for wealth.
The importance of simplicity.
And much, much more!

Definition of Wealth:

“Wealth is living off of passive income. But I view financial freedom as the goal, and that is having the finances to do what you love to do.”

Recommended Book:

Your Money or Your Life – skip some of the investment advice, but for a beginner, this is good stuff.

Best Financial Advice Ever Received:

Live below your means and find something that you’re passionate about. Those two things will bring you true wealth.

Action In Next 7 Days:

Spend less than you earn and invest the difference wisely. Max out your retirement funds, and attack that debt!

Contact Rob:

Passive income is something that we are talking more and more about. It is absolutely key! Most people trade time for money (check out the difference between the middle class and the millionaires/billionaires here). But passive income is where it is at.

Also, early in the episode we talked about the perfect situation – and that is to 1) do what you absolutely lights you up and you love to do, and 2) create financial freedom from that. That combination is what we’d all love to do, and is what I’m doing myself. It is what you can do as well!

Rob used the example of Warren Buffett – a guy that could have retired early on, but is still working in his 80’s. I hope that we will all try to be “working” until the day we die, because we should all be doing something that we truly love.