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En el episodio 306 de este podcast hablamos Gwen Merz, una chica Estadounidense de 33 años quien se propuso ahorrar en 5 años una cifra que muy pocos pueden registrar en su patrimonio: USD $200,000 que en la moneda de mi país equivale a la astronómica suma de unos $800,000,000 millones de pesos ¿Te imaginas? Bueno, pues esta chica logró construir esta descomunal cantidad de dinero en tan poco tiempo gracias a participar en el 2014 en el movimiento FIRE. Bueno, pues he traído este tema al podcast para que hablemos de este movimiento, del cual podemos aprender lecciones financieras valiosas. Empezamos. Y si quieres transformar tus finanzas personales saliendo de deudas, construyendo riqueza y vivir como quisieras, toma ya mi curso Online "Los 10 pasos de la Transformación Financiera" ¡ y a un precio espectacular, un poco más de un ¡$1 USD por lección! ¿Puedes creerlo? Para darle un vistazo al contenido y si te interesa comprar el curso, ve a: https://consejofinanciero.com/cursofinanzas/
Ahorrar es la base de la construcción de todo capital, Pues bueno, este postulado financiero si que lo tiene claro Gwen Merz, una chica Estadounidense de 33 años quien se propuso ahorrar en 5 años una cifra que muy pocos pueden registrar en su patrimonio: USD $200,000 que en la moneda de mi país equivale a la astronómica suma de unos $800,000,000 millones de pesos ¿Te imaginas? Bueno ¿y que hizo esta chica para acumular tan descomunal cifra en tan poco tiempo? Acompáñame en este episodio donde te contaré la historia y con ésta, las reflexiones financieras que podemos aprender de ella. ¡Bienvenidos! Y si quieres transformar tus finanzas personales saliendo de deudas, construyendo riqueza y vivir como quisieras, toma ya mi curso Online "Los 10 pasos de la Transformación Financiera" a un precio más que bueno: ¡$1 USD por lección! Para darle un vistazo, ve a: https://consejofinanciero.com/cursofinanzas/
Most folks have no problem spending their money. I hate to say it, but shopping is basically an American pastime! It certainly drives production as data shows that consumption is responsible for ⅔ of our economy. But not everyone indulges in retail therapy- hopefully the majority of listeners to the podcast are less likely to mindlessly spend. And there's a certain subset of folks who actually struggle with the opposite problem: they mindlessly save. We frequently discuss Financial Independence Retire Early, and we're excited to be joined by a recovering member of the FIRE movement, Gwen Merz. Gwen has been a part of the community for years. She's the creator behind the blog Fiery Millennials and was recently featured in multiple Business Insider articles. And now she's working on a book documenting her FIRE journey!- here's a quote from her book proposal: “Supersavers will improve the quality of their lives by shedding maladaptive behaviors and emotions…”. It turns out that the habits that lead to more savings and investments, may not be the same ones that lead to happy and fulfilling lives. Listen as we discuss Gwen's introduction to FIRE, how far she pushed her savings rate, a failed attempt at investing in real estate, her spending experiments, and more! Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here. Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. During this episode we enjoyed a Georgia On My Mind Wholesome Wave Collab by Piedmont Brewery! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money! Best friends out!See omnystudio.com/listener for privacy information.
Join us as we sit down with Gwen Merz in this enlightening episode, where she opens up about her courageous decision to leave a thriving corporate career in pursuit of entrepreneurial dreams, only to face setbacks and ultimately return to corporate America. Gain valuable insights into the challenges she encountered, the lessons she learned, and the resilience that propelled her forward. Discover how Gwen transformed failures into stepping stones and harnessed her experiences to shape a new chapter in her professional life. Learn more about your ad choices. Visit megaphone.fm/adchoices
Legendary investor and noted philanthropist David Rubenstein of The Carlyle Group says that today's inflation feels like the 1970s, a time that taught investors that it is hard to get inflation out of the system. That has left the economy "treading water," trying to get comfortable with how the situation will play out before it can move forward; in the interim he expects low econnimc growth stopping short of recession, inflation that heads down but not all the way to the Fed's 2 percent, target, with war in Ukraine being a significant economic wildcard. In a wide-ranging interview, Rubenstein talks about whether politics now creates economic headwinds and how the money in politics is furthering the divides, about modern philanthropy and the satisfaction of giving, about happily speeding up in retirement, and more. Gwen Merz, the blogger behind FieryMillennials.com talks about her changing financial journey, one which saw her start as a hardcore member of the Financial Independence, Retire Early (FIRE) crowd, but which now has her more relaxed about her finances and, as a result, happier and more content with her life. Also, Chuck answers a question from the audience about the Gerber Grow-Up Plan, which he made a "Stupid Investment of the Week" when he started that column roughly 20 years ago, which he felt was still putrid when he stopped writing the column a decade later, and which he thinks remains horrid now, but which will keep attracting suckers -- and we don't mean pacifiers -- for as long as families have babies.
What's a money topic you're embarrassed to talk about? Don't want to share with people the insane amount of money you spend at the penny arcade just to miss the big prize by one ticket, or better yet, the amount of debt you got into only because someone told you it will increase your credit score? Our roundtable today talks about embarrassing money topics and how to make them less uncomfortable. It's strange, our regulars didn't show up as themselves today. It must be Doug with his April Fool's pranks again. We've got Gwen Merz, Paul Ollinger, and Bob Wheeler standing in and they share some great advice. We'll also leave time for Doug's riveting trivia. Enjoy!
This is our yearly ask me anything segment. Gwen Merz, Walli Miller, and Kenny George bring community questions about me, podcasting, and personal finance. This is a fun episode. Hope you enjoy.
There is a myth that real estate investing is always profitable. The truth is, that there are a number of us who haven't found the path to be so easy. We join JL Collins, Gwen Merz, and Paul Thompson on a journey of real estate success and failures. We also discuss JL's new book, How I Lost Money In Real Estate Before it was Fashionable.
What do you enjoy spending more money on? Maybe you like to stay at top-rated resorts when you travel? Or, you enjoy the experience of a nice dinner out? And what things do you spend less on because your experience isn't an better when you spend more? Generic vs. name brands at the grocery store? Or taking public transportation when you travel? Today our roundtable discusses a blog post about spending more on what you value and being frugal in other areas of spending and your life. Cody Berman from The FI Show and Gwen Merz from Fiery Millennials join our roundtable with Len Penzo to talk about mindset and what they value as it relates to financial independence. And you don't want to miss the guesses our roundtable has for Doug's Houdini-related trivia today! Enjoy! Learn more about your ad choices. Visit megaphone.fm/adchoices
Is it better to buy a home or rent? The topic is debated often in the personal finance community. While I tend to lean towards the buying side of the equation, my guest this week makes a strong argument for the flexibility of renting. Gwen Merz is a 30-year old Millennial and founder of the blog, Fiery Millennials. A few years ago, Gwen tried her hand as an entrepreneur, buying a multi-unit rental property, which she also lived in. Eventually, she sold the property and decided that renting was a better option. She joins me on the show to discuss her experiences with both renting and owning a home, and she explains why buying is not always the best choice. You can find the show notes for this episode at https://maplemoney.com/145 Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!
When it comes to the Financial Independence Retire Early (FIRE) movement, there are many opinions about which route to take to achieve FIRE. For some, it is a traditional 9-5 coupled with side hustles to increase their income. Many prominent people in the FIRE community have been able to gain enough income from their side hustles to leave their regular jobs behind. Gwen Merz started pursuing FIRE soon after graduating college and her savings reached a point where she could quit her regular job and work for herself as she achieved her FIRE goals. She talks with Chris Browning about her choice to return to a conventional job after almost a year outside the workforce. She also shares how her path to FI is one of self-discovery and pursuing opportunities that are fulfilling. - What factors drew her towards the Financial Independence Retire Early (FIRE) community - Why being a full-time freelancer was not the ideal situation for her - What are some lessons she learned for the nine months she was self-employed - Her experience jumping back into the workforce Gwen Merz's goal is to help guide her fellow millennials along similar paths to financial freedom. Gwen has been on the path to Financial Independence for about 8 years. She decided to focus more on the ‘excel at W2’ path to FIRE over the ‘hustle every minute’ path. Her cat is incredibly adorable. You can find her swimming, biking, quilting, and playing games of all kinds. https://www.fierymillennials.com Instagram @FieryMillennial
How do we weather these financial storms? We have a candid talk with Gwen Merz, Jessica Garbarino, and Military Dollar about past financial mistakes and how to survive the current recession.
If the FIRE movement is so inspirational, why is it constantly under attack? More heat was lobbed at the early retirement movement last week by a couple of industry insiders on Twitter. To help us, we welcome the FIRE-y woman behind the Fiery Millennials blog, Gwen Merz, Len Penzo from Len Penzo dot com, and the wonderful Doc G from the What's Up Next podcast! These intelligent, retirement-focused people will be discussing the tweet that started quite the firestorm. If you or anyone you know has student loans, you'll want to listen to our Friday FinTech guest, Michael Block. He's the CEO and Founder of Pillar which is an app to help you pay back your student loans and save money. Early users have reported some huge wins, so we had to get the details from Michael about how it works. And finally, during our MagnifyMoney call in segment we will answer a question from an anonymous woman on how she will be affected by inheriting a ROTH IRA. As always, we'll quiz our contributors with an epic game show question about National Beer Can Appreciation Day from our neighbor, Doug. We'll have all that and more on today's show! We hope you can join the fun!
#54: Gwen Merz, blogger at Fiery Millennials, came on the show to chat about the time when she got caught up working almost obsessively at accumulating mass amounts of wealth to retire early. She describes in detail how it affected her sanity when she saved up to 70% of her take home pay, and some of the hard lessons she learned. We also go into whether or not she regrets what she did and if she would recommend someone do the same things she did. For resources mentioned in the episode, head to beyondthedollar.co/54
In Episode 52 we explore the role of creativity in Financial Independence. Our guests are: Gwen from Fiery Millennials Michelle from Savvy History Vincent author of Freelance to Freedom
Chuck is at FinCon 2019, the giant meeting of podcasters, bloggers, writers and other content creators from throughout the personal-finance world. His guests today cover a wide range of subjects and programming. You'll hear from Gwen Merz of Fiery Millenials, Stephanie McCullough of Sofia Financial, Dustin Heiner of MasterPassiveIncome.com, Kent Brown of the Daily Money Show, Australian Paul Benson of Financial Autonomy, Kelly McKillip of Couch Cents, Whitney Hansen of The Money Nerds, and Logan Allec of Money Done Right.
Gwen Merz on Fiery Millennials, financial independence and saving $200 by age 30 – MAF193 On the show this week, I chat to Gwen Merz, the founder of Fiery Millennials, a blog site dedicated to making sense of finances for young people. We talk about how Gwen saved $200,000 whilst in her twenties and how she built her blog to help others achieve financial independence. Welcome to episode 193 of the Marketing and Finance Podcast. We chat about: How Gwen saved rather than spent her money Why Gwen set up the Fiery Millennials blog How she built her website by not following "the rules" Making financial advice less complicated How to make financial services an enticing career option Gwen’s advice to millennials seeking financial independence Who is Gwen? Gwen started her blog three and a half years ago after finding a ‘Financially Independent Retiring Early’ (FIRE) community during college. While it provided value, there was no-one young, female and starting out on their financial journey to relate to. Realising that most bloggers were at a different life stage, Gwen created the blog she wanted to read. It helps her make connections, find new ideas and understand how others live. She worked for a large, globally-recognised corporation and intended to retire at 35. By age 27 she’d saved $200,000, which over the next 30 years will compound to $1.5m without additional contributions. Links and Show Notes. For links to the books and apps mentioned, please visit http://rogeredwards.co.uk/MAF for the show notes. What is the Marketing and Finance (MAF) Podcast? The podcast for ideas and inspiration on marketing your business and growing your business, and for discussing topics on all things finance. I’m Roger Edwards, a marketing guy and keynote speaker from Edinburgh. Talk to me if you want to cut the BS and complexity from your marketing strategy. The MAF Podcast is a 30-minute radio show you download from http://rogeredwards.co.uk/MAF, iTunes or Spotify. Each week you'll hear interviews with business experts, marketers, entrepreneurs and journalists. Interviews to listen to in the car, on the train or on the treadmill. Or even in the bath! We talk about: How you can grow your business using content marketing and social media How you can keep your Marketing strategy and communications simple Topics, issues, products and business models from the world of finance You’ll take away one or two big ideas that you can apply to your business. So, you can keep marketing your business to keep growing your business. Please subscribe to the Podcast on iTunes and I’d be grateful if you would leave a review. http://rogeredwards.co.uk/itunes Fancy Appearing on the Show? Would you be interested in appearing on the MAF Podcast? Have you an exciting marketing or finance story to tell? Do you fancy drawing out some inspirational ideas that MAF listeners can take away to use in their own businesses? Do please contact me if you want to get involved. http://rogeredwards.co.uk
"Should real estate be a part of your path to financial independence?" Chad Carson, Bianca aka Miss Mazuma, and Gwen Merz share the joys and pains of real estate investing and what you should be thinking about if you're considering investing in real estate. Chad has a new book Retire Early with Real Estate Bianca can be seen at CampFi Gwen Merz podcasts at FIRE Drill Podcast A special thanks to Dave at Accidental Fire Blog for creating our podcast art.
Take away: Create the willpower to keep going. Action step: Bump up your savings rate a little bit this week. Money Learnings: Gwen spent the early part of life without much money and then when her mom got married again they moved into a upper middle class life. Gwen is a 27 year old on the path to financial independence. She saved $200k in 5 years and recently quit her job to become a full time entrepreneur. She enjoys biking around the lakes and practicing her terrible golf swing. She lives in Minneapolis. Highlights from this episode: Link https://www.fierymillennials.com/ https://firedrillpodcast.com/ Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom! Thanks for listening! If you like the show please leave a review on iTunes: http://bit.do/richersoul https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
Her Fearless Hustle | Stories from Entrepreneurial Women on Overcoming Self-sabotage
J is a 29-year-old Boston native who lives in the Pacific Northwest with her husband and dog. She works in technology by day and is a super side hustler by night. She blogs about career hacking and personal finance at Millennialboss.com and co-hosts the Fire Drill Podcast with her good friend and fellow girl boss, Gwen Merz. She also runs an Etsy shop for bachelorette parties and hosts side hustle masterminds for fellow entrepreneurs as part of the podcast. Connect with J: Website | https://millennialboss.com/ Show notes for today’s episode can be found at: http://www.crystallayland.com/2018/j-millennial-boss/ Leave a rating & review: http://bit.ly/herpodcast
Erik Tozier and Gwen Merz have had their fair share of rocky relationships before finding each other. After combining their frugal superpowers, they have not only grown their love together, but they've grown their wealth as well.
For this episode, I talk with Gwen Merz, the blogger behind Fiery Millennials and the co-host of FIRE Drill Podcast. As you may have guessed, we go in-depth about FIRE, chat about Gwen achieving financial independence in her 20s, and some terms you may not have her of from the FIRE community. Long description: For this episode of the podcast, I chat with a new friend I made recently at an event called Statement. It was a women in business retreat for women in the financial blogging space, and I can’t even tell you how life changing it’s been. But that’s not what I want to share anyway. I want to share that at this event, I got to meet the amazing Gwen Merz who was able to achieve something not many 20-year-olds can! I’m talking about achieving financial independence. We chat in-depth about what that actually means, and no, it doesn’t mean she’s retired. For her, it means she saved up enough money to afford to leave her corporate job, move cities and then focus on her blog (Fiery Millennials) and podcast (FIRE Drill Podcast) full-time. It also means she saved up enough money that by retirement age, it will have grown to an amount she could easily retire on. So I know I’ve had a lot of guests on the show in the FIRE community that have been able to achieve financial independence and retire early, but Gwen’s story might actually be a bit related. She didn’t save up a million dollars and is now living an easy life. She was able to save up $200,000, bought an income property for about $80,000, but still intends to work to earn a living. She’s set things up so in the future she will earn passive income from your property and her $200,000 will have compounded into a way bigger amount she can live off of in retirement. But, she still needs to earn money for her present needs. Which is why now she’s exploring some different entrepreneurial avenues such as making stained glass art and selling it, selling courses on how to start an Etsy store, and monetizing her popular blog and podcast. You see, FIRE isn’t a straight road. You can actually apply the principles in any way you want. There’s no right or wrong way to FIRE! Here are a couple other things we talked about when talking FIRE. Lean FIRE vs. Fat FIRE These are terms I recently learned about when I was actually at a FIRE meetup in New York City last month. Lean FIRE is when you’ve saved up enough to live on for the foreseeable future, but you’d be living a fairly frugal life. You’re living in a low cost of living area, your expenses are minimal, and you don’t need that much to live off of. It’s sounds fine if you’re more of a minimalist, but obviously it’s a bit restricting Fat FIRE is when you’ve saved up enough to live the life you really want with little to no restrictions. For instance, I met a woman at the meetup who was on her way to achieving Fat FIRE and she told me her goal was to save up $7 million. Albeit, she wanted to continue living in New York and travel a lot, but it’s a big difference when compared to Lean FIRE. Why the FIRE Community is Exploding My only comparison to the FIRE community is the debt-payoff community. Two communities that are massive and members are diehards for. With FIRE, to me at least, it’s a bit more exciting. The end goal is to have enough money to live whatever life you want. And that’s exactly why Gwen also thinks the FIRE community is exploding right now. It gives people purpose with their money. Instead of just being responsible with your money so you can eventually afford to buy that car, that house or some trips in the future, it’s way more exciting to save up for early retirement or the freedom to quit your job to start your own business! That’s sort of why I consider myself a bit financially independent. I don’t have enough to retire on or anything like that, but I did have the financial security to be able to leave my job to focus all my energy on my own business. FIRE Resources You May Want to Check Out Mr. Money Mustache The Simple Path to Wealth by JL Collins Mad Fientist Your Money or Your Life by Vicki Robin For full episode show notes, visit https://jessicamoorhouse.com/163