Transcripts Including Tag: backstory

Description: Misc :: tagged on content establishing a person's personal childhood or upbringing or personal history

These are the transcripts that include the tag backstory.

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002: The Power of Failure Brad Backstory Jonathan Mendonsa I think what we really decided we wanted to do today is dive right in and talk a little bit about your journey. I've heard your story you know in the past and it's an awesome one but our audience has it and we would really like a chance to kind of share what that progression was so just in the studio a little bit earlier we were talking about it and we wanted to really dive in and figure out how did you make the leap from being in the cubicle you know nine to five at a major tax firm just saying you know what I want to try something different. I want to I want to see what this life of financial independence looks like. I want to experiment with this laptop life so how do you how do you do that.
002: The Power of Failure Brad Backstory Brad Barrett It is surprising surprising. So it just honestly didn't go anywhere and this kind of gets into some other failures I had online which was we did some shady stuff with a SEO at the time it was like back in the days with like keyword stuffing and writing all these articles out like these. I don't even know what they call them anymore. But like essentially content farms you would like get links back to your side it was just like the spammy thing and like I knew in my heart of hearts and this is going to this is going to tie into stuff later. I knew in my heart of hearts that this was the wrong thing to do. But it was what everybody was doing. And you know while I always go against that in my life for some reason I just said OK all these other guys are raking in money. This must be how you do it. Yeah. So we did it. And Google's Panda and Penguin algorithm updates came out and we just got decimated Absolutely.
005: Dave Ramsey Jonathan Mendonsa Awesome. Well so as the article indicated or as the title indicated earlier today we're going to be talking about Dave Ramsey and specifically how he how we should be channeling that information in the community that we're in the financial independence space. And so I guess to start off let me kind of give you you know my history with Dave. I've listened to many podcasts in my day and I've read probably even more blogs and over that period of time one name stands out to me really more than any of the others. And that's Dave Ramsey and I've been impressed by him for really over 15 years now Brad and I. We have big egos Probably but there's nothing really special about us. We're sixth or seventh generation media personalities. And I don't want to say that we're a dime a dozen. But there's a lot more of us to choose from. But Dave he was one of the first generation personal finance coaches. Nobody was doing this back in the 90s and apparently you know his backstory I think he had a million dollar real estate portfolio and he crashed hard I think into bankruptcy and then he pivoted and he started a radio show helping people avoid his mistakes. And about the same time he created a small book called Financial Peace and he started offering it as a free resource to his church. But the radio show gave him a platform to sell this book nationwide and he turned it into a multimillion dollar dynasty. So he created a business model that predated blogging. And that's pretty cool. So I mean if you want more information about that I'm sure you can find it on this Web site. But Dave gives great no nonsense advice to people that have just generally gotten in over their heads and needs some help digging their way out. And he was inspirational to me even though I ignored a lot of his advice when I was taking out my loans for pharmacy school. His message you know that debt carries emotional stress limits your options. And you know has the potential to ruin your life. You know it stays with me. It's a powerful message and I think that really everybody would benefit from listening to him. So I would not be here today doing this podcast if it weren't for Dave. And I want to start out by saying that I really do owe him a debt of gratitude for that. But one of the things that I always found very frustrating about Dave is his unyielding stance on debt. He lumps it all together so student loan debt real estate that credit card debt all evil and many people would call his show. I was one of them to give their specific situation and try to get him to give their blessing to take out some form of debt to achieve their goal. And I will just say 100 percent of the time. He never caved. He didn't cave. And to be fair he's kind of locked in. He's built a media empire around saying that he would never take out debt. And he's made millions but Brad and I we have not made millions. So we are not locked in. And we can we can change our opinion as we get new and better information. And in fact we're Brad wouldn't you say we're crowdsourcing our information.
011: Welcome to the Hotseat Brad Barrett Yeah we. We want to make our guests experience here a little different than other sites. I mean other podcast certainly. Basically most people come on a podcast and they kind of just give their background story right. And you know you've heard many of the guests we've had you will have heard at other podcasts and we don't want them to just regurgitate essentially what they've said on all these other podcasts so you know we're going to take a couple of different aspects and one is really diving deep into specific articles they've written that we think are especially interesting.
014: The Phases of FI with Mr 1500 Carl "Mr. 1500" Jensen Yes exactly. And that's my easy answers so I'm going to give you a more difficult one more esoteric one and let me give you the backstory story really quick. So about a month ago Mindy and I that's Mrs. 1500 were invited to go speak a Colorado State University about financial stuff and I kept on going over and over my head what should I tell these kids because it's easy to show all the numbers and I think this stuff is kind of boring. You know you can show people financial calculators and show them how much they'll get if they if they start saving now and all that stuff is very powerful. But I started thinking like what more can I tell them and when I came to was this and this is going to be part three of what I tell them. So there's all these expectations that people have of us. So I remember when I was in college my mom was always harping on me about when I was going to get a girlfriend and then when I got one it was the next question is when are you going to get married. And then after that when are you going to have kids. And I remember at at work I had this crazy boss who kept on asking me when I was going to upgrade my starter home. And then I had some old piece of crap car and she's like oh Karl you have to get a nicer car. You're never going to get married unless you get a nicer car. She actually told me that she just bought a new new BMW. So she's like Carl you have to show girls that you have money and unless you do that you're never going to get married. So I started thinking about this and what I'm going to tell these kids at CSU and it's this. like everyone has all these expectations of you. Society does, your parents do, your neighbors do, but you should try to be your own person. live your own life. The thing that makes Mr. Money Mustache great is he thinks different and he doesn't care what society thinks you should do and that's about saving money about his job or about working on his house. He makes his own decisions and things creatively so people are selfish we think everyone really cares about what we're doing but they really don't. Wait but why has an awesome post on this google wait but why I think you'll find it. No one cares. Deep down inside what you do. So what I'm going to tell these kids is don't listen to other people who try to tell you how to live your life. Everyone's going to have advice for you and think they knows what's best for you. But you know conventional wisdom is for conventional people if you want to live an extraordinary life you're not going to do it by following the crowd. You're going to do it by being your own person and being a leader. just because something's been done this way and just because your neighbors or whatever tell you to do this and that doesn't mean you have to do the same. Be your own person that's how you're going to be great and that's how you're going to be truly happy in life. So that's what we're going to tell the CSU students. And they better appreciate it.
083: Second Generation FI Cody Berman Cody Berman Yeah. Are you guys kind of got the backstory from age five to 10 so I guess from age 10 on. And the reason my dad stopped and doubling my money at age 10 was because I actually got my first job then working at my uncle's disc golf course in the snack tax slash lost and found. And that's all. Making five dollars an hour putting all that money away I had no expenses at age 10. I worked that job from about age 10 to age 15. So from high school years when you really start understanding the value of money and when you can kind of really start getting jobs this is where my mom is really teaching me the principles of just saving and frugality. It wasn't until a bit later where we kind of got down the path of financial freedom but I had always been a saver. I had always been someone who try to fix things myself before but something new I'd always buy things used I wouldn't purchase things I didn't have to and I'd always search for the deal.
041: The High Cost of Living path to FI Paige Jonathan Mendonsa Well thank you for being so willing to just call us out and this is going to be great. We're going to get a chance to see what ideas and thoughts you have about what this journey looks like and the challenges that you face because you live in L.A. which if it's not the most expensive cost of living city in the United States it's certainly one of the top five or six. And then just see how you've got a chance to tackle some of these hurdles and where you're headed with your journey. So Paige I guess why don't we start why don't you tell us just a little bit about your backstory and how you discovered the rabbit hole of FI.
045: JD Roth Get Rich Slowly Full Circle Jonathan Mendonsa I was thinking Where should we start with you because obviously you have so much content that we could dig through both on Get Rich Slowly dot org and on your new site. Money boss. But I think for our audience we have a lot of the Old Faithful the vanguard of FI the people that have been in the FI community for the last 10 years the people that discovered personal finance through Get Rich Slowly. But there's also a lot of people that are going to be finding JD for the first time potentially through this podcast and our website at ChooseFI dot com because there's a lot of new faces in our community. Can you tell us a little bit about your backstory and did you discover the personal finance community or the FI community.
046R: Selectively Hardcore Jonathan Mendonsa I'm going to message her right now. Pause. All right. Done. That will happen. So why don't we just take a few minutes Brad and just talk generally speaking about that episode. There's nothing that we can say that's going to be better than what Tanya had to say about that particular topic. I mean she is like you said so eloquent and it was just so much fun to get a chance to hear her backstory and really just get her take on a slew of topics everything from health care specifically to really just the framework that you need to work through when you're contemplating early retirement and I thought she presented a great point to you specifically about why people fail at early retirement.
047: The Cult of Home Ownership Millennial Revolution Jonathan Mendonsa Hey guys welcome the show. For those of you that are finding this for the first time my name is Jonathan and my co-host name is Brad. Together we are a pharmacist CPA a combination out of Richmond Virginia. The show is dedicated to life optimization strategies both focusing on the personal finance aspect but also on general techniques that you can use to break the hamster wheel and reclaim your time in your life. It's a biweekly show on Mondays and Fridays Mondays we introduce a new topic or idea. Fridays is more or less a crowdsource show where we talk about our thoughts in the episode and bring in feedback from our community. Today we have a fantastic episode for you we're going to be speaking with Bryce and Christy from millennial revolution dot com. Now Christy is somewhat infamous for being Canada's youngest retiree. She used to live in one of the most expensive cities in Canada. But instead of drowning in debt she rejected homeownership. What resulted was a seven figure portfolio which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC The Huffington Post CNBC BNN Business Insider and Yahoo Finance. To date it is the most shared story in CBC history and their viral video on CBC is on the money has garnered over 4.5 million views. So with that introduction. Welcome to the Choose the ChooseFI radio podcast. Arlight guys we're super excited to have you on the podcast today. I would love to just hop right into this country and talk a little bit about our main topic today which is going to be how to break the hamster wheel specifically in Canada I guess. But before we do that we'd love to hear a little bit about your backstory. Christy how did you discover fi and what really got you on this path.
050: Domestic GeoArbitrage Freedom is Groovy Jonathan Mendonsa No way man it's the voice of an angel. Well let's listen. I've got a little bit off topic there but fortunately we do have time in this show. I'd love to kind of just hop right into your story could you maybe. Before we go directly into the topic of geo arbitrage Could you maybe talk us through a little bit of your backstory and how you found the financial independence community.
051: Mad Money Monster RollerCoaster Path to FI Lisa - Mad Money Monster Sure. My backstory story grew up actually in the original tiny house it was a trailer it was eight by 50 feet long so 400 square feet six people. So it was crowded house but it was it was a good time. Fortunately I was in a great school district so I had friends with parents who you know maybe well not maybe absolutely did have you know a lot more than I did and you know I would look up to their parents and I would think wow I really would like to be in a different position you know in my life as I grow up and turn into an adult despite my parents having us growing up in a trailer and things like that. They work their butts off and they really pushed education but they didn't really know how to build wealth Well they pretty much kept us out of debt. So they weren't racking up credit card debt and things like that. But they did spend everything that came in like everything that came in went out for bills went out for making sure I had the trendiest clothes. You know I think part of my mom's overcompensation for growing up in a trailer was to make sure I'd look like the other kids I went to school with. So and at that time you know I I took it right that sounded good to me. So basically I grew up I graduated and started working I didn't think I was smart enough to go to college which is completely absurd.
051R: BeCoachable Jonathan Mendonsa So Brad let's go ahead and take a few minutes and talk about this past week's episode with Mrs. Mad Money Monster who came on the show to share her story which we appropriately labeled the rollercoaster path to FI. And this episode was a little bit different. You know it really dove into the personal details of someone's journey to get progressively better to essentially have this light bulb moment I know and many other people's cases that backstory is a lot shorter than maybe they had the moment right out of college or maybe they were already doing a lot of the right things and then slowly or subtly shifted this over. But with Lisa she had this incredibly impactful story of the highs and lows that come with honestly most people's life. I mean many of us can identify with individual aspects that she had to tease from maybe that side of it where she didn't have a single financial mentor in her life that could even point her in the right direction. Maybe the aspect where she didn't believe that she was even capable of something like college. All those limiting beliefs that baggage that you hold on to that just holds you back. And then the relationship the relationship that goes south and pulls you down with it all these different factors. This is what makes up most of our lives, to be able to see someone have those experiences walk a mile in your shoes and then be able to pull yourself out of that and get on this optimized path to FI and that was inspirational and it struck a chord with their audience that frankly I think I was even surprised by.
053: MillMoneyMan Jonathan Mendonsa Don't give up your only source of income. That sounds like just a great runway there. But yeah this is going to be a lot of fun. I mean it would be really cool. Maybe we could just take a few minutes and maybe you could tell us a little bit about your backstory. What were you doing before you decide to pursue this entrepreneurial laptop lifestyle.
057: Grumpus Maximus Grumpus Maximus I sure can. So I think for the readers or my readers and your listeners there's probably three main points that I would point out to my backstory. One is that I grew up in a fairly well-to-do Upper middle class family in the Midwest. I could see from early on in my life. Somehow I don't know why it was fairly recognizable to me that I was born on first base and so I felt this calling to give back somehow. I don't know why exactly but the military seemed like what I was meant to do in order to give back. So from the youngest age that I can remember I always wanted to join the military you know that type of service or the service branch of the military kind of wavered between you know where I was at the time of my life but the military was always the number one goal for me. And part of it was that service aspect and that idea of giving back to me you know not only to this country that I have been lucky enough to be born in but some other things as well. Number two would be that at age 13. Weirdly enough and this is I tell you this for purposes of the fact that this is a personal finance podcast is that at the age of 13 I was involved in a horrible accident freak accident. My body was mangled and only through the miracle being 13 years old and being able to recover and have a growing body and be otherwise healthy. I was pretty much able to recover from that without any outward effects. But one of the side results or the byproducts of that accident was I was involved in a personal injury lawsuit. My parents were on my behalf then which I ultimately only received around 100000 dollars. By the age of 15 16 years old maybe think by the time the lawsuit was done and I received that money I didn't receive it. My parents took custody of it. I ultimately received it at the age of 18. I received it with very little financial training and background and I kind of convey that in some of the stories on my blog. But you know my parents were very conscientious about what this money should do for me and what it wasn't going to be allowed to do for me. And that carried through with me. So I never went out and blew it on a Ferrari or anything like that. But you know I hit certain points in my life where I just I had some money without any kind of training and background that I really needed. Upon reflection now you know 20 30 40 years down the line. So that's number two part of my story right there is like I have always had some money invested but I haven't necessarily until the most recent years in my life known when I was actually doing. And then part three of my story obviously is the military I did ultimately join the military. I've been in for 18 years 16 of those years have been spent since 9/11 in a military that's been constantly at war. I have deployed multiple times to multiple different theaters including Afghanistan and small parts of Iraq. You know I don't think anybody who's in my peer group in the military could have gotten away from those experiences considering what our nation's been through up to that point. You know ultimately for me that was everything I joined to do was being fulfilled through the fact that you know our nation has been at war and deployments and getting the chance to lead people in combat situations and things like that was it was ultimately some of that calling that I felt due and then I want to say however and I think there is going to be a however for a lot of people who identify with this who are in the military and in your audiences that you know at some point especially with the nation who's been at war for so long. You hit this point and maybe it's because you know you had some experience in combat or maybe it's just because you're tired of all the deployments or maybe it's just because you're tired of the bureaucracy that obviously comes along with the large government organization. You hit this point where you feel like you're not sure if you can do it anymore. I came to that point about two years ago. I was about 16 years into the military. Ultimately I just I had a mental breakdown. I was under a huge amount of stress and I had experienced some things in my military career that it started to catch up with me and I was diagnosed with a small amount of PTSD which was diagnosed as a mixed depressive anxiety disorder. And I've been dealing with that ever since. And those feelings of not being sure if I wanted to continue in the military were ultimately somewhat alleviated by the fact that I discover financial independence financial independence movement. I was strangely enough at that time near my mental breakdown. I was already involved in taking management of my own money again and educating myself. I was on this I call it on my blog a two year journey to educate myself on personal finance everything I could from listening in podcasts or reading books to reading blogs. I actually called up the three legged stool of knowledge on my blog as well. But the point is I was kind of already along this financial journey when I hit this this golden albatross moment as I have now turned it on on the blogosphere of hit this point. When you're in this pensionable job my peer group in the military it's an all or nothing pension. You get it when you hit 20 years of service. And I was at 16 at the point of my mental breakdown where I wasn't sure if I could go on. And so this you know you're sitting there trying to judge should I walk away from you know this guaranteed amount of income for the rest of my life because I'm so dissatisfied or upset or I got so many issues going on or do I continue on struggle and just grind it out until you hit that point. And you know you're good. And and then and then move on from there once you're vested into your pension. That's something a lot of people struggle with as I find out on my blog and it's not just in the military you know a lot of these pensionable jobs that are left these days in the U.S. economy at least are government jobs. Some of them are not the nicest jobs in the world. Other ones like police and fire. You see a lot of bad things in a lot of that stuff catches up and even some of the pensionable jobs out there in the private industry like working on a car line assembling cars or something like that. You know that's that isn't something that everybody wants to do for the rest of their life right. You know there are other things in this world that people want to do but that pension that you know that golden albatross as I call it keeps them there. And when I coined that term a friend of mine and I had gone forth about well that's just the golden handcuffs. I think that's you know a lot of people are familiar with the idea of golden handcuffs but when I started researching golden handcuffs. Turns out golden handcuffs is a term a business term specifically built for high level executives right. So you often hear attached with golden parachute as well for when they leave those jobs they get a huge golden parachute but the golden handcuffs idea was really meant to keep executives with large sums of money doing jobs they may not necessarily want to do. Maybe at companies they didn't want to be with anymore anything like that. So the idea of sticking around for the pension specifically for kind of the worker managerial class that I was looking at was undefined. And so me and this friend kind of came up with this term golden albatross as a result.
057: Grumpus Maximus Jonathan Mendonsa For us water space it's the it's the lifeblood of our of our presence. So Grumpus I have always felt and I feel like maybe it was my English professor that told me this. Back in high school the best place to start is at the beginning. So I would love for you to introduce to us maybe your backstory a little bit about your military service and how you stumbled onto this problem of the pension and the golden albatross. Can you give us a little bit of your backstory.
059: Vincent Pugleisi Jonathan Mendonsa Well let's take you back to this moment at the age of 22 where you start you're screaming basically at your debt. What am I doing with my life. Can you walk us through a little bit of your backstory. What gets you to this point where you have this meltdown.
059: Vincent Pugleisi Jonathan Mendonsa All right guys today we have a very special episode for you. We're going to be speaking with the author of freelance to freedom. I am unbelievably excited about this because I have read this book cover to cover and it blew my mind. This was the most relatable actionable book that I have read in the last several years. I mean this is something that you're going to have on your shelf like the simple path to wealth like Rich Dad Poor that this is one of those must read books. So excited to get a chance to bring Vincent Puglisi on this show to actually talk through his backstory. What inspired him to actually put this together. I think you're going to get so much value from his decision tree and the fact that he is not an overnight success. In fact his story is riddled with failure. You're going to love this and you're going to absolutely get value from this episode. So to help me with this I have Miko's Brad here with me today.
063: Scott Trench Jonathan Mendonsa This is an episode that I am incredibly excited about because what you've put together you kind of look at this problem and you say it needs to be simpler. You know when I look at like people like Mr. Money Mustache and what they've done over it bigger pockets like these are guys that are broken down these concepts. But there's a way for me to even streamline this process. And I love your line. Make it work for everyone. I'd love to hear a little bit of your backstory in here. What was it like for you. And at what point in your life did you stumble onto the two respective communities the fi community and the real estate community.
089: Retail Path to FI with College Investor Jonathan Mendonsa Yeah totally hear you. So Robert we've talked about your backstory and your path through the retail world to actually making this incredible income there and we've explored at a granular level starting a blog on day one making your first twenty five dollars. Let's play that out. I think you preface beginning this episode by saying that you just recently left your job. What drove that. Where are you now in the present and what were the series of events that got you to now.

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