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BiggerPockets Money Podcast

96: Speaking Fluent Finance with Wilson Muscadin

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.53K Ratings

🗓️ 28 October 2019

⏱️ 68 minutes

🧾️ Download transcript

Summary

Wilson Muscadin grew up knowing how to handle money. His father assigned him “book reports” rather than simply giving him an allowance. But the books he read were personal finance books, like Rich Dad, Poor Dad, The Millionaire Next Door and Think and Grow Rich. Unsurprisingly, Wilson learned a lot from reading these books. Well played, Dad Muscadin. Wilson handled his finances intelligently through high school and into college, where he saw so many friends making ridiculous mistakes with their money. Things like charging pizza and gas - and not paying off the credit card bill at the end of every month! He graduated with very little undergrad debt and worked in corporate insurance, but always wanted to teach people about finance. Back to school for an MBA at Duke - and more than $100,000 in student loan debt!!! Wilson’s path to teaching people how to fix their finances was cemented when a random Facebook post about paying off his student loan debt (4 months after his first son was born) garnered more comments and questions than the post about the birth of his child! Wilson paid off his debt, now has two sons, moved across the country and is dedicated to helping more people understand how money works, and break the cycle of paycheck-to-paycheck so they can become financially free. In This Episode We Cover: Wilson's journey with money Had an open discussion with his dad about money growing up  Money books he read The reason why he did not pursue as a financial advisor The importance of having a financial literacy The perfect environment on getting our kids to learn financial education What lifestyle changes did they make in order to save money and pay off their debt Got a lot of comments after he posted on Facebook that he paid off his student loan debt Focused on having a baby fund and 2 years expense fund after paying off their debt How he started doing financial coaching Mistakes that other people make with their finances The first thing he teach people to do with their finances And SO much more! Links: Blogger Net Worth Tracker - Rockstar Finance Directory My Fab Finance Mindy Jensen Scott Trench Connect with Wilson: The Money Speakeasy Facebook Instagram Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the BiggerPockets Bunny Podcast,

0:02.0

Show Number 96 with Wilson Muscadin from the Money Speak Easy.com.

0:07.0

For me, what I tell people, particularly parents,

0:10.0

is the best thing that you can do for your kids in terms of personal finances is get your own finances

0:15.0

your own finances under control.

0:16.5

They will see your behavior

0:18.8

and they will mirror your behavior

0:20.8

more than they will mirror your words.

0:23.0

It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years, barely scraping by.

0:29.0

Whether you're looking to get your financial house in order, invest the money you already have, or

0:33.5

discover new paths for wealth creation. You're in the right place. This show is for

0:38.5

anyone who has money or wants more. This is the Bigger Pocket Money Podcast.

0:43.0

How's it going everybody? I'm Scott Trench and I'm here with my co-host, Miss Mindy Jenson.

0:47.0

How you doing today, Mindy?

0:48.0

Mindy. Scott, I'm having a great day.

0:50.0

How are you doing today? I'm doing fantastic. I just had a great time chatting with Wilson here about money life and

0:56.0

just making improvements with money accessible to everybody in this country.

1:01.1

Yeah I love a couple of things that he said just really, really

1:05.3

resonated with me.

1:06.8

He said, right at the end, he said, there is no formal education

1:10.8

for any of this.

1:12.0

And that's just so helpful when people are starting out and

...

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