From $100k In Debt To $100k In Assets As A Veteran Turned IT Professional (Ep.73)
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/mastery1:1 Coaching With Josh: https://coaching.themarkethustle.com/Timestamps:0:00 Intro1:02 Check-in with cohosts2:48 Jon’s investing journey4:43 Debt: An avalanche effect in the wrong direction7:49 You cannot outinvest bad spending habits9:43 Jon’s work as an IT professional10:44 Life as an expat and moving abroad16:30 Traveling teaches you we are fundamentally all the same17:54 Jon’s view on a successful marriage & family finances22:47 Straightforward steps to start building wealth30:13 Breaking financial failure patterns from parents36:21 The real value behind money and assets39:57 Mortgages as a good debt category42:14 You need to accept some level of risk to get the rewards46:13 Reaching 100k USD in net worth48:59 Investing doesn’t need to be overcomplicated51:26 Financial lessons Jon will teach his future children54:28 When you’re stressed out you don’t think clearly57:58 The climb to the top might get lonely1:00:47 Understanding how rich people built their path1:03:08 Letting compound effect work in the right direction1:07:46 You can dramatically change your life directionWhat did you think of the episode? Let us know!Support the show




