How to Achieve Real Financial Independence with Deacon Hayes
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 27 January 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
Deacon is the Founder of Wellkeptwallet.com and the author of You Can Retire Early: Everything You Need to Achieve Financial Independence When You Want It.
Top 3 Value Bombs:
1. Early retirement is not just for a few, it's for those who plan and execute.
2. Describe what financial independence is for you, and start your plan with that.
3. Put everything on paper and track your cash flow.
Deacon's website - Well Kept Wallet
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Transcript
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| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here! And welcome to episode 1924 of EO Fire! |
| 0:10.3 | We're right chat with entrepreneurs on fire seven days a week and check out our free |
| 0:15.9 | podcasting course so that you can create, you can grow and you can monetize your very |
| 0:21.1 | own podcast. Freepodcastcourse.com. Now let's chat with today's featured guest, Mr. Deacon |
| 0:28.7 | Hayes. Deacon, are you prepared to ignite? You know I am John. Deacon is a founder of Well |
| 0:36.6 | KeptWallet.com and the author of You Can Retire Early. Everything you need to achieve |
| 0:43.2 | financial independence when you want it. I want it now Deacon. So take a minute and fill |
| 0:49.1 | in some gaps in that and show and give us just a little glimpse of your personal life. |
| 0:53.1 | Yeah, so when my wife and I first got married we had 52 grand in debt and for us that was |
| 0:57.4 | a lot of debt. And so we realized we needed a developer plan to pay that off fast. And so |
| 1:03.0 | at the time I was selling wood flooring and it was commission only sales and so I was doing |
| 1:07.8 | everything I could to make sure that we paid off our debt in 18 months and we did it, we crushed it |
| 1:12.9 | and had the blessing of sharing that on your show a long time ago. I think you said 1600 episodes |
| 1:17.8 | ago. Episode 310, but who's counting? I know who's counting. But since then a lot has happened, |
| 1:24.3 | right? So I've really kind of stepped up my entrepreneur game, created this plan for |
| 1:30.3 | financial independence. And so now it's kind of shifted from okay, we paid off the debt, |
| 1:35.3 | we put ourselves in a good financial position. Now how can we retire early? And for us it's not |
| 1:40.7 | really about early retirement so much as being financially independent, having enough resources |
| 1:45.4 | to do what we want when we want. And so we have been on that journey for probably about seven years |
| 1:51.4 | now and are kind of towards the tail end of that journey. So we're almost financially independent. |
| 1:56.3 | And since I've written a book called You Can Retire Early to kind of encourage other people to |
| 1:59.8 | do the same. And I've calculated that I've put in over 10,000 hours of either research, |
... |
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