82: Early Money Lessons Create Healthy Money Experiences with Aditi Shekar

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 22 July 2019

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Aditi Shekar learned entrepreneurship at a very early age - when she asked her father for a toy and he said no, make your own money. She’s been creating businesses ever since. Her father’s advice wasn’t the only great money management tips she received early on. In college, a finance professor did two entire classes on personal finance, sharing the benefits of starting early to save for retirement. Her financial independence journey was kickstarted when her apartment burned down - and she had no renters insurance. “I don’t want more stuff. I just want to figure out the life I want to lead.” Aditi and her husband took a roadtrip to discover where they wanted to live, and ended up in two separate cities, visiting on the weekends. Time apart made them realize they wanted to be together, so she moved to him, and started the life she truly wanted. In This Episode We Cover: Aditi's journey with money On learning about entrepreneurship and business ethics at age 5 Her philosophy on spending money How she developed discipline when she got her first job Saving early for retirement Big question to ask yourself when you're opening a retirement account How she started investing The importance of creating a rule of thumb Started teaching a class on personal finance The realisation she had after their apartment burned down The importance of emergency funds How her outlook changed in terms of life and finances after the fire incident happened Her goal in her financial journey And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pocket's Money Podcasts Show Number 82 with Oddity Shaker.
0:05.0	I don't want to spend my money on nice things. I want to spend my money on making more money.
0:10.4	And so that was a moment of shifting my thinking of not really
0:15.8	necessarily trying to go buy stuff, but rather giving myself an opportunity to
0:20.9	use any money that I ever earned or saved or invested to actually help me grow my wealth.
0:25.0	It's time for a new American dream, one that doesn't involve working in a
0:31.0	cubicle for 40 years, barely scraping by.
0:33.8	Whether you're looking to get your financial house in order, invest the money you already have,
0:37.2	or discover new paths for wealth creation.
0:40.1	You're in the right place.
0:41.9	This show is for anyone who has money or wants more.
0:44.6	This is the BiggerPockets Money Podcast.
0:47.7	Before we jump into the show, I wanted to share a quick announcement.
0:51.0	For the first time in seven years, BiggerPockets is hosting a conference.
0:56.0	We're the source of information for real estate investing online and this conference is going
1:00.1	to be the event of the year.
1:02.0	We're holding it in Nashville, Tennessee from
1:03.6	October 6th through 8th at the Gaylord Opryland Resort and Convention
1:06.7	Center. We're going to have a ton of fun after the daily sessions and
1:10.3	info sessions and speakers and all of those types of things. Mindy and I will be there plus Brandon Turner. and Pocket's business podcast. We'll be joined by a host of other successful real estate
1:23.9	investors who are deep in the trenches. See what I did there of real estate
1:27.7	investing and want to show you how you can be successful too. People like
	...

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