How Mike and Lauren Retired at 30 with an Average Income of $56,000 / Year

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 5 April 2019

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

#186: Mike and Lauren have run a cleaning company, started and sold a biodiesel company, repaired and resold motorcycles, opened a coffeeshop, owned a DVD rental box, sold e-cigarettes, bought a storage warehouse, launched a YouTube channel with nearly 150,000 subscribers, moved to Manhattan, moved back to Florida, backpacked across Europe and gave birth to two children in Costa Rica. Whew. I’m exhausted by just writing their list of entrepreneurial experiments. Their willingness to take risks has paid off … big time. Mike and Lauren reached financial independence at age 30 and 29, respectively. Today, they join us on the Afford Anything podcast to discuss how they did it. For more information, visit the show notes at https://affordanything.com/186 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:11.1	Every choice is a trade-off, a yes to one thing is an implicit no to something else.
0:16.4	And that doesn't just apply to your money.
0:17.9	It applies to your time, focus, energy, attention.
0:20.8	It applies to anything in your life that the scarce or limited resource.
0:24.2	And so the questions become twofold.
0:25.7	Number one, what matters most to you?
0:28.2	What does society say ought to matter most like a big house or a fancy car?
0:32.4	But what actually matters to you in your life?
0:35.4	And question number two, how do you change your behaviors?
0:39.0	Your spending behavior, the way that you manage your time?
0:41.8	How do you change your life?
0:43.3	Accordingly, answering these two questions requires a lifetime of practice.
0:47.3	There are no simple answers.
0:48.9	That's what this podcast is here to explore.
0:51.0	My name is Paula Pant.
0:52.1	I'm the host of the Afford Anything Podcast.
0:54.4	Normally, we are a weekly show.
0:56.4	We air every Monday morning, but once a month on the first Friday of the month,
1:01.5	we air a first Friday bonus episode.
1:04.0	And so this is the April 2019 first Friday bonus episode.
1:09.0	Today, a couple from Florida by the name of Mike and Lauren.
	...

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