MI319: Adulting is Easy w/ Lauren Keen Aumond

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 16 January 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Donley sits down with Lauren Keen Aumond to talk about her journey to financial independence. They also touch on how she learned how to ignore the Joneses, what her real estate portfolio looks like, how she found the right strategy that works for her, how she educated herself in both real estate and personal finance, and so much more. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 01:59 - How Lauren first got turned on to the principles of financial independence. 02:10 - Who her biggest influences were growing up. 04:15 - What the financial blueprints were that she picked up from her parents. 08:25 - How she learned not to keep up with the Joneses. 10:28 - What her early career aspirations were. 14:59 - What her early real estate portfolio looked like. 14:59 - How she used 1031 exchanges to trade up in her portfolio. 17:11 - How she got lured away from FI and pursued the trappings of society. 17:31 - How she laid the groundwork for financial independence. 22:39 - How Lauren found the right real estate strategy that worked for her. 22:44 - How she educated herself about real estate. 25:55 - What her favorite personal finance books are. 28:15 - What she would have done differently to accelerate financial independence. 29:26 - Why she’s a big proponent of house hacking. 30:55 - What it’s like building wealth once you are married. 34:25 - What her main goals are for 2024. 37:26 - The benefits of short-term vs. long-term rentals. 37:26 - What the economics of Airbnb rentals are. 39:37 - What she’s learned from some of her favorite podcast guests. 42:42 - How the idea for House Money Media came about. 45:58 - What it was like for Lauren to have Elon Musk respond to her tweet about 401k’s. 49:35 - What are some of the biggest financial mistakes she sees younger people making. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: The Pschology of Money by Morgan Housel. Recommended Book: Your Money or Your Life by Vicki Robin. Recommended Book: Set for Life by Scott Trench. Recommended Book: I Will Teach You To Be Rich by Ramit Sethi. Recommended Book: The Simple Path to Wealth by JL Collins. Recommended Book: The Everything Guide to House Hacking by Robert Leonard. House Money Media Related episode - REI152: NFL’er Has Time for Real Estate, So Do You w/ Devon Kennard | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter Connect with Lauren: Facebook | Twitter | Website | YouTube | Instagram | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP. If I set my life up in such a way, but I have to make this much money
0:06.2	to live, then I have to do that. And that was really terrifying to me. And so I started laying
0:11.4	that foundation long before I wanted to leave. Hey, everybody. In this week's episode, I got to sit
0:19.3	down with Lauren Keen Alman to talk about
0:21.5	her journey to financial independence. We also touch on how she learned to ignore the Joneses,
0:26.7	what her real estate portfolio looks like, how she found the right strategy that works for her,
0:31.3	and how she educated herself in both real estate and personal finance. Lauren is a real estate
0:36.7	investor and content creator based in
0:38.6	Tampa Bay, and she and her husband reached financial independence with 12 rentals, allowing Lauren to
0:43.5	leave her 9 to 5 job at age 33. Lauren started the Adalting as Easy podcast to teach her baby
0:50.0	sister and others personal finance in 2019. And in 2023, she founded House Money Media with
0:57.4	Alan Corey, and together they're launching first generation real estate investors for her podcast,
1:03.1	newsletter, courses, and community. I love having fellow podcasters on millennial investing,
1:08.0	and Lauren was an incredible guest. And so, without further delay,
1:12.2	let's dive into today's episode with Lauren Keene Almond.
1:20.4	You're listening to Millennial Investing by the Investors Podcast Network. Since 2014, we interviewed
1:27.3	successful entrepreneurs, business leaders,
1:29.6	and investors to help educate and inspire the millennial generation. Now for your hosts, Patrick Donnelly.
1:40.9	Hey everybody, welcome to the millennial investing podcast. I'm your host today, Patrick Donnelly.
1:49.9	And joining me on today's show is Lauren Kean Alman from Adalting is Easy. Lauren, welcome to the show.
1:56.3	Hey, Patrick. Thanks for having me.
1:58.7	I am happy to have you here. I wanted to just jump right in and hear a little bit about how you got turned on to
	...

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