1188: The Power of Small Changes by FIRECracker of Millennial Revolution on Building Daily Habits for Financial Success

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Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 10 June 2020

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

FIRECracker of Millennial Revolution shares the power of small changes. Episode 1188: The Power of Small Changes by FIRECracker of Millennial Revolution on Building Daily Habits for Financial Success 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/the-power-of-small-changes-2/ 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 where I read to you
0:03.0	1188 the power of small changes by firecracker of millennial
0:07.8	dash revolution.com
0:10.0	and I'm Dan I am your host here this is where I read to you from some of the best
0:14.0	blogs on personal finance every single day, including weekends and holidays.
0:18.0	And it's not just this show where we offer you this format.
0:21.0	We actually have five shows that cover all different topics, so please
0:24.8	search for optimal living daily wherever you're hearing this to find all five of our narration
0:29.5	style podcasts.
0:31.2	For now, let's get right to it as we continue optimizing your life.
0:35.0	The Power of Small Changes by Firecracker of millennial dash revolution.com.
0:45.0	Save five dollars on coffee a day, retire a multi-millionaire.
0:49.0	Popularized by financial gurus like Susie Orman, Dave Ramsey, and David Bach,
0:54.8	the Lauté Factor is something I'm pretty sure you've all heard of.
0:58.0	But for those who haven't, the Lauté Factor is the idea that cutting out the small purchases, like lattes and investing that money over time
1:05.6	will give you a big fat retirement nest egg. Sounds ludicrous? Well that's what I thought too.
1:10.8	I mean come on, people love their coffee. when your boss is droning on about
1:14.8	TPS reports or whatever other office bullshit the only thing keeping you from
1:19.0	face planting into a puddle of your own drool is that sweet sweet blackened nectar of the gods,
1:24.2	Starbucks gods that is.
1:26.1	And then there's also the math.
1:27.6	When it comes right down to it, the math just doesn't add up.
	...

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