BiggerPockets Money Podcast 97: Intentionally Choosing the Path to Financial Independence with Financial Mechanic
Financial Mechanic wanted a puppy - and her parents told her she could have one when her little sister turned her age (in four years). When she asked how much puppies cost, she was told $100. So Financial Mechanic started saving. Everything!
Birthday money, Christmas money, anytime she received a dime, it went into her puppy fund.
Fast forward 4 years, and she tries to hand over the $100 - to her parents shock. “No, you keep that, we’ll buy the puppy.”
For four years she had been saving, so she just continued. By the time she graduated high school, she had $8,000 in savings. Her parents paid for her college education, and she knew she wanted options.
She studied Mechanical Engineering which led to programming, which led to a 6-month assignment overseas. Upon her return, she discovered mass layoffs - and that she was significantly underpaid!
In this episode we talk about how to prepare for an interview, how to negotiate salary, how salary isn’t the only thing you can negotiate, and how intentionally pursuing a goal can help you achieve it faster and easier.
In This Episode We Cover:
- Financial Mechanic's journey with money
- Saved money to buy a puppy
- The importance of focusing on your future opportunities
- Graduated college debt-free
- Her money situation during her first internship
- Earning a lot of money before she discovered financial independence
- How his mindset changed the moment she found financial independence
- How her money journey evolved
- On her career
- Did research on glassdoor for salary range
- How she got her signing bonus
- What her end-goal is
- How she lived $20,000 a year
- And SO much more!
Links:
- Glassdoor
- Personal Finance on Reddit
- Mr. Money Mustache
- Forum - Bogleheads
- Personal Capital
- Achieving FI Before 40 Despite Breaking Every Financial “Rule” with Tanja from Our Next Life
- BiggerPockets Money Podcast 10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames
- Every Dollar I Spent Last Year
- How to Effectively Ask for a Raise (from Someone Who's Done It Twice)
- How To Make Your Significant Other Hate FIRE
- The Psychology of Money– 4 Ways Your Brain is Working Against You
Connect with Financial Mechanic:
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