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Thank you for listening to another episode of the Mind of a Millionaire. As you know, it’s our goal to share with you the habits, routines, and choices that may lead to financial independence. This week we are joined by two very special guests, Brandon and Jamie.
Brandon and Jamie shared the same debt story that millions of Americans face today. What they don’t share, however, is their story of persistence and minimalism that led to paying off all of their debt and putting themselves in a position to address their ultimate financial goal of becoming millionaires.
We love to hear stories like Brandon and Jamie’s, so if you have an inspirational personal finance story that you want to share, please reach out – we would be happy to have you on the podcast. To hear more financial tips, follow us on Twitter or join our email club at www.denverwealthmanagement.com.
Who are Brandon and Jamie? [1:30]
Falling back into debt [2:25]
Cash-flow is key when in comes to running a small business [5:05]
Be intentional with your dollars [7:02]
The correlation between debt and clutter [7:50]
- Minimalism: A Documentary [8:03]
Taking on a minimalist lifestyle [10:25]
Selling their house to move into a camper [10:46]
The emotional attachment to stuff [13:00]
Paying off the debt [17:40]
- How was the money spent from selling their house? (Emergency fund, IRAs, etc.)
How debt effects your risk-taking ability as a business owner [19:40]
What’s next for Brandon and Jamie? [22:42]
Running the numbers: how important is it to know exactly how every dollar is working? [25:25]
Brandon and Jamie’s advice for those wanting to take a risk to straighten up your financial situation [27:18]
- “Get your expenses way down and your income up.”
The things aren’t as important as the experiences [29:55]
- Learn what your needs are [30:59]
How abundance can weigh you down [34:52]
“It’s all worth it.” [36:06]
Thank you for tuning into another episode of the Mind of a Millionaire. We hope you got some inspiration to do something great. While this method may not be for everyone, sometimes taking risks similar to Jamie and Brandon are what it takes to address your financial goals.
If you have a story that you would like to share, please reach out. Find us on Facebook or contact us from the website.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
No strategy assures success or protects against loss.