3 Paths to Financial Independence with Deacon Hayes [Encore presentation]

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 11 January 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Deacon and his wife combined finances shortly after marriage – only to find $52,000 in consumer debt was weighing them down. They made the choice – and a plan – to pay down that debt in 18 month.

Moving past debt freedom, Deacon began focusing on complete financial independence.

In his book, “You Can Retire Early!: Everything You Need to Achieve Financial Independence When You Want It” he describes the three ways to financial independence:

Real estate
Stock market
Entrepreneurship

Listen in as Deacon shares each way and how it can help you achieve financial independence.

For more information, visit the show notes at http://moneytreepodcast.com/3-paths-financial-independence-deacon-hayes

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello and welcome to 2019.
0:13.0	We're super excited to keep providing you with the Money Tree Investing Podcasts to help you invest in your life.
0:20.0	But before we do, we do have some awesome back episodes
0:23.4	that we would love to share with you. So please enjoy this encore presentation. Now we're going to
0:30.3	introduce our guest today on this week's episode of the Money Tree Investing Podcast. And it is Deacon
0:36.1	Hayes from the well-kept wallet. So glad to have you
0:39.9	here today, Deacon. Yeah, glad to be here. Thanks for having me. We're going to talk a little bit
0:43.8	about retirement. This is a very popular subject. We're going to talk about early retirement and
0:48.7	financial independence and how you can get there kind of from a place of debt, right? Because this is kind of your story,
0:56.1	right, Deacon, you were in debt, you and your wife were in debt, you're raising this family,
1:01.2	and now you're working toward financial independence. Correct. Yeah.
1:04.9	Why don't you talk about some of the things that you did and that other people can do as well to kind of help
1:12.5	get rid of that debt and then move forward.
1:15.7	Sure.
1:16.2	So when my wife and I got married, we decided the first thing we wanted to do was combine
1:19.6	our finances.
1:20.6	And that's when we realized, hey, once we put our credit cards and student loans and car
1:24.8	loan and all that stuff together, We had 52 grand in debt.
1:27.8	So that was the first step was, okay, let's combine them.
1:29.8	Let's take a snapshot of where we're at.
	...

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