The Market Hustle

From $100k In Debt To $100k In Assets As A Veteran Turned IT Professional (Ep.73)

Josh

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0:00 | 1:09:20

In this episode of the show, Jon (a member of TMH’s community) joins Josh, Baafi, Pierce and Fernando to dive into his journey going from 100k USD in debt to 100k USD in assets. Jon is a veteran turned IT professional, with unique life experience that taught him about paying off debt, team work with his wife, and building wealth step by step. In today’s conversation, you will also learn about what it is like to move abroad constantly and how being comfortable with discomfort is essential to financial success. This episode is full of financial knowledge gained by real experience and not theory, which is fundamental for you if you’re stacking assets for the long-term.

Build Your Financial System With Money Mastery: https://learn.themarkethustle.com/mastery

1:1 Coaching With Josh: https://coaching.themarkethustle.com/

Timestamps:

0:00 Intro

1:02 Check-in with cohosts

2:48 Jon’s investing journey

4:43 Debt: An avalanche effect in the wrong direction

7:49 You cannot outinvest bad spending habits

9:43 Jon’s work as an IT professional

10:44 Life as an expat and moving abroad

16:30 Traveling teaches you we are fundamentally all the same

17:54 Jon’s view on a successful marriage & family finances

22:47 Straightforward steps to start building wealth

30:13 Breaking financial failure patterns from parents

36:21 The real value behind money and assets

39:57 Mortgages as a good debt category

42:14 You need to accept some level of risk to get the rewards

46:13 Reaching 100k USD in net worth

48:59 Investing doesn’t need to be overcomplicated

51:26 Financial lessons Jon will teach his future children

54:28 When you’re stressed out you don’t think clearly

57:58 The climb to the top might get lonely

1:00:47 Understanding how rich people built their path

1:03:08 Letting compound effect work in the right direction

1:07:46 You can dramatically change your life direction


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