146: Saying Goodbye to Gambling & Finding Financial Freedom with Ambus Hunter

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 12 October 2020

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ambus Hunter grew up with a fair understanding of how money works. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt. His first job was with the Department of Defense, making a decent salary for someone who had just graduated from college. He started saving his money, like a good FI-devotee does, but his story takes a sharp left turn. Ambus discovered gambling. At first, he was winning. (That's how it goes with gambling, right?) But then his "luck" changed. Because that's also how it goes with gambling, right? Ambus chased his losses, and ended up wiping out his entire savings account. That was when he knew he had to stop cold turkey. He then threw everything he had into building his savings back up, taking on extra jobs, living with roommates, and cutting out everything unnecessary in his life. In one short year, working nights and weekends, spending as little as possible, and throwing every dollar into his savings, he made it all back. Now Ambus helps guide others on their own path to financial literacy through volunteering and through his own coaching programs. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 10 with Liz Thames BiggerPockets Money Podcast 143 with Shannon Gauthier How Gambling Away My Savings Strengthened My Relationship With Money Check the full show notes here: https://www.biggerpockets.com/moneyshow146 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, show number 146, where we interview Ambus Hunter
0:05.9	the fourth and hear his journey about overcoming a gambling addiction and moving forward on the road to
0:11.8	financial independence.
0:13.0	The biggest thing I just want people to take from any interaction with me,
0:18.0	believe in yourself, believe in a good plan, believe in time, believe in consistency.
0:24.1	When you do these things, whether it's money, fitness,
0:27.1	career, relationships, whatever it is, you will win.
0:32.1	Hello, hello, hello, my name is Mindy Jensen,
0:34.0	and with me as always is my astounding co-host, Scott Trench.
0:37.5	It's just mind-blowing how you come up with a new introduction every week, Mindy.
0:42.0	Thank you for the great, the wonderful intro.
0:44.0	Well if I didn't have such a great co-host it would be very difficult. It is very easy.
0:49.5	Scott and I are here to make financial independence less scary.
0:54.0	Less just for somebody else and show you that by following the proven path,
0:58.0	you can put yourself on the road to early financial freedom
1:01.0	and get money out of the way so you can lead your best life.
1:04.5	That's right. Whether you want from a retire early and travel the world, go on to make big time
1:08.7	investments and assets like real estate, start your own business or recover from a gambling addiction.
1:14.0	We'll help you build a position capable of launching yourself towards those dreams. Scott I am super excited to have Ambus on the show today because I have
1:29.7	been following him on Twitter for several months and just every time he tweets something it's
1:34.8	intelligent it's well thought out it is interesting and you know I learned some things
1:40.6	from I mean I am older than everybody and I learned some things
	...

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