In this episode of the show, Jon (a member of TMH’s community) joins Josh, Baafi, Pierce and Fernando to dive into his journey going from 100k USD in debt to 100k USD in assets. Jon is a veteran turned IT professional, with unique life experience that taught him about paying off debt, team work with his wife, and building wealth step by step. In today’s conversation, you will also learn about what it is like to move abroad constantly and how being comfortable with discomfort is essential to financial success. This episode is full of financial knowledge gained by real experience and not theory, which is fundamental for you if you’re stacking assets for the long-term.

Build Your Financial System With Money Mastery: https://learn.themarkethustle.com/mastery

1:1 Coaching With Josh: https://coaching.themarkethustle.com/

Timestamps:

0:00 Intro

1:02 Check-in with cohosts

2:48 Jon’s investing journey

4:43 Debt: An avalanche effect in the wrong direction

7:49 You cannot outinvest bad spending habits

9:43 Jon’s work as an IT professional

10:44 Life as an expat and moving abroad

16:30 Traveling teaches you we are fundamentally all the same

17:54 Jon’s view on a successful marriage & family finances

22:47 Straightforward steps to start building wealth

30:13 Breaking financial failure patterns from parents

36:21 The real value behind money and assets

39:57 Mortgages as a good debt category

42:14 You need to accept some level of risk to get the rewards

46:13 Reaching 100k USD in net worth

48:59 Investing doesn’t need to be overcomplicated

51:26 Financial lessons Jon will teach his future children

54:28 When you’re stressed out you don’t think clearly

57:58 The climb to the top might get lonely

1:00:47 Understanding how rich people built their path

1:03:08 Letting compound effect work in the right direction

1:07:46 You can dramatically change your life direction

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In this episode, Marcos (a member of TMH community) joins the show to share his financial journey as a young investor.

Being only 20 years old, Marcos has developed a disciplined approach and already stacked over 45k USD in his portfolio.

In this episode, you will learn why discipline is essential to maximize compound interest, why starting is the most important stage and how strategic planning can help you retire early.

Build Your Financial System With Money Mastery: https://learn.themarkethustle.com/mastery

1:1 Coaching With Josh: https://coaching.themarkethustle.com/

Timestamps:

0:00 Marcos’ journey with investing at 20 y/o
4:03 Marcos’ role models and early lessons
5:45 Translating discipline from other fields into finance
7:52 An aggressive and diversified long-term strategy
12:23 Marcos’ financial & business goals
14:56 Retiring early requires strategic planning
16:59 Individual stocks vs ETFs
21:49 Shiny object syndrome in investing
23:03 Having financial advisors
24:11 Learning the language of investing
25:08 How to start investing as a young person
27:13 The hardest and most important part is starting
30:07 Compound interest & the 100k mark
34:04 Handling big sell offs when you start investing
36:33 Discipline and goals will bring results

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These are 8 lessons that are fundamental for enjoying life while building wealth through investing. Investing doesn’t need to be overcomplicated, it just requires having the right mindset about money, learning how to keep things simple and understanding what you truly value in life.

Timestamps:
0:00 Stack assets and enjoy life
0:41 Cultivating an investor mindset
1:12 Money from a place of strength and calm
2:18 Increase income streams and leverage
2:46 Smart investments in bull & bear runs
3:13 How to approach individual stocks
4:32 Don’t chase investment hype
5:11 How to outperform 90% of investors
5:47 Investing in your 20s

What did you think of the episode? Let us know!

Support the show