236: Latrese Bookhard, So Money Millennial

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 4 September 2015

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are rounding out So Money "Millennial" week! A “So Money” Millennial is someone who has proven to have accomplished a great deal in the their financial life in their 20s or early 30s. So often we hear about the struggles which are very real and sobering: the average college student graduates with around $35,000 in student loans, often lots more. It’s tough to find a job, save and sometimes you have to live with your parents. But today’s guest wrote in to me to say that she believes she is ahead of the curve. And I have to agree. We’re going to be speaking with Latrese Bookhard. She is twenty-six and currently serves in the military. She says, Farnoosh, "I’m debt free, have a net worth approaching $100,000 and I paid off $53,000 in student loan debt. I max my annual Thrift Savings Plan and Roth IRA contributions. I save well over 50% of my take home pay and consider myself an aspiring “Millionaire Next Door” and early retiree. I’ve always been frugal but I kicked everything into high gear when I found a Yahoo Finance article profiling Mr. Money Mustache two years ago. His blog has led me to many other blogs, books and podcasts and has helped me really change how I think about money." So let’s learn more about Latrese. How does she think about money and what lessons does she have to teach us all? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money
0:00.5	Ephes,
0:02.0	So Money millennial, Latrice Book Hard.
0:05.0	You're listening to So Money,
0:08.0	with award-winning Money Guru Farnoosh Karabi.
0:11.0	Each day, get a 30 minute dose of financial inspiration from the world's top
0:15.0	business minds, authors, influencers, and from Farnuks herself. Looking for ways to save on
0:21.7	gas or double your double coupons?
0:24.0	Sorry, you're in the wrong place.
0:26.0	Seeking profound ways to live a richer, happier life.
0:29.0	Welcome to So Money Money.
0:42.0	Welcome back to So Money everyone Friday, and we are rounding out our So Money millennial week. All week we've been featuring outstanding, outstanding profiles of 20-something, 30-something young adults who are doing exceptionally well when it comes to their financial life and you know what is a so
0:54.7	money millennial let's just debrief here well I see it as someone who's really
0:59.0	proven to have accomplished a great deal in their financial life in their young adult life.
1:04.3	And so often we hear about the struggles that young adults face, which are very real and
1:10.0	very sobering.
1:11.0	The average college graduate is coming out with about $35,000 in
1:15.8	student loans. Often lots more I hear from listeners who say I've got six figures in
1:21.4	debt so to me 35,000 sounds like a walk in the park, but we know there
1:26.6	are scarier examples out there. It's tough to find a job, it's tough to save, and sometimes
1:32.1	you have to live with your parents but
1:33.9	today's guess wrote into me to say that she believes she is ahead of the curve and
	...

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