Chain of Wealth

E16 – Erin Lowry from Broke Millennial

Connect with Our Guest

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

Need a financial checkout? Head on over to chainofwealth.com/chat and let’s help you manage your money better! Only $75 for 30 minutes deep dive!

Erin Lowry is an outstanding writer and is the author of Broke Millennial- stop scraping by and get your financial life together. She has countless blogs on her website that help the 20 and 30 somethings learn and plan for their financial future.

Erin leads by example- telling you in detail all of her tips.

Welcome Erin!

[1:19] So tell us something else about yourself
·      Lives in New York City
·      Lives with partner and dog

[1:54] I loved your blogs- I read like 5 of them, so I have a few questions-
Can you start with telling the Chainers about the doughnut selling yard sell lesson?
·      North Carolina in 1996
·      7 years’ old
·      Sell Krispy Kreme Doughnuts at yard sell

[4:36] What is your $5 saving strategy?
·      Read it on a blog
·      Pay in cash- saves every $5 bill
·      Saved over $300 in 4 months

[6:35] Can you explain what a credit freeze is and what is it used for?
·      Need a special pin number to “thaw” your information
·      Protect yourself from identity theft

[10:0] Do you still do your weekly 15-minute money meetings? Can you explain to our listeners what this is?
·      Every Sunday
·      Sit down and check all accounts
·      Great way to check fraud
·      No surprises

[11:43] What are 2 of your “staying on budget” tricks that you use?
·      Find a style to work for you
·      Know your cash flow

[15:44] What do you think the secret is to getting great credit and then being able to keep it?
·      Two big parts:
o   Utilization (available credit) & payment history
·      Payment history: Pay on time!
·      Utilization: Use 30% of available credit- don’t use more

[17:42] I read that you are an expert on student loans- what did you do to pay for your half of your loans?
·      Paid for 50% of college- went to school with scholarships
·      Partner has student debt to tackle

[18:52] So let’s talk about your book, Broke Millennial- stop scraping by and get your financial life together. What was the inspiration to writing this book?
·      Always wanted to be a writer
·      Help other people to control their money
·      Each chapter stands alone

[20:34] What is your favorite chapter in the book?
·      Getting financially naked chapter

[21:28] What are some of your upcoming projects?
·      Just signed a 2 book deal
·      1 on investing
·      Other is undecided- have an idea, tweet @brokemillennial

Sponsor

[22:6] Chain of Wealth – Looking to host an airbnb? Katie’s written an awesome guide on how to host an Airbnb where she has earned over $7,000.

Check out chainofwealth.com/airbnb to find out more.

If you’re enjoying this podcast, don’t forget to subscribe, rate and review!

Value Link Round

[22:33] Why do people fail at achieving their dreams?
·      Too scared to try

[22:55] What books or other podcasts do you recommend to our listeners?
·      Podcast: Planet MoneyReply AllThe NodTim FerrissThe NerdistThis American LifeTwo Dope QueensDeath, Sex and MoneyHeavyweightThe Fire Drill PodcastUncivilThe Money Nerds PodcastFreakanomics,
·      Books: Daughters of the SamuraiThe Thin Green Line

[24:36] What is your favorite word or quote?
·      Compound interest is the eighth wonder of the world, he who understands it, earns it; he who doesn’t, pays it.
·      Mantra: Remember who you wanted to be

[25:26] Any last advice for our listeners?
·      Run your cash flow
·      Think of goals

Enjoying Our Podcast?

We have over 150 episodes to listen to! Join over 2,167 daily listeners that pursue financial freedom.

By entering your email, you agree to our Terms of Service and Privacy Policy.

Other Podcasts

About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

Share On

Leave a Reply

Your email address will not be published. Required fields are marked *