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Optimal Finance Daily - Financial Independence and Money Advice

1158: Your Number One Obstacle by FIRECracker of Millennial Revolution on Roadblocks to Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 11 May 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

FIRECracker of Millennial Revolution shares her thoughts on your number one obstacle. Episode 1158: Your Number One Obstacle by FIRECracker of Millennial Revolution on Roadblocks to Financial Independence FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-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's On the Money has garnered 4.5 Million views. The original post is located here: https://www.millennial-revolution.com/build/number-one-obstacle/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1158 your number one obstacle by firecracker of

0:07.3

millennial dash revolution.com and I'm Dan I'm host, very happy Monday to you.

0:13.0

Hope your week is off to a great start.

0:15.0

I'm here every single day, including weekends and holidays,

0:18.0

reading to you from some of the best personal finance blogs anywhere.

0:22.0

And I've got a relevant post from Firecracker of

0:24.6

millennial revolution today a new author and site for our show so let's get right to

0:29.7

that and start optimizing your life.

0:45.0

Your number one obstacle by Firecracker of millennial-revolution.com I love obstacles obstacles put an impossible task in front of me tell me there's no way I can conquer it and I will kill myself proving to you that I can

0:51.0

like when my childhood bullies said I'd always stay poor,

0:55.0

like when I failed an exam and my professor told me I wasn't cut out for engineering and that I'll never get my degree.

1:00.0

Like when my ex-co-worker scoffed at me for quitting my job, snidely saying that I'd come crawling back in six months after running out of money.

1:08.0

I'm now a millionaire. I got my engineering degree, and not only did I not run out of money more than a year later I now

1:14.7

have more money than when I left. I never give into bullies and I love obliterating obstacles.

1:20.8

That's why when readers subscribe to the millennial revolution, I ask you all the same question.

1:26.2

What is the number one obstacle keeping you from living your dreams right now?

1:30.5

That's right, we actually do read every single one of your responses and here's what you told us

1:35.2

Note that many people named multiple things in their responses, so that's why the percentages don't add up to a hundred

1:41.6

Number one obstacle, debt. A whopping 64% of you said

1:46.1

debt, the most prevalent one being student debt, followed by mortgage and

1:50.3

consumer debt. Considering how 70% of Americans graduate their bachelor's

1:55.0

with debt and Americans collectively owe 1.2 trillion dollars in student debt.

...

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