E48 – David Auten & John Schneider from Debt Free Guys

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Today we have David Auten and John Schneider with us. David and John run the popular personal finance blog, Debt Free Guys. They have written for Yahoo Finance, Huffington Post, Business Insider, MSN Money, Time and many more. They have also been featured in media such as Market Report, NASDAQ, Christian Science Monitor and others. When David and John met, despite having a combined 13 years of financial services they had a combined $51,000 of credit card debt.

[2:39]聽How long did it take you guys to pay off your $51k credit card debt & how did you pay it off?
路聽聽聽聽聽聽 About 10 years ago
路聽聽聽聽聽聽 Realized it needed to be paid off
路聽聽聽聽聽聽 Friends were passing them by
路聽聽聽聽聽聽 Lived in a basement apartment
路聽聽聽聽聽聽 Itemized all expenses
路聽聽聽聽聽聽 Shifted spending habits
路聽聽聽聽聽聽 Debt lasso

[3:1]聽What creature comforts did you have to cut back on?
路聽聽聽聽聽聽 Wine drinking
路聽聽聽聽聽聽 Lots of little things
o聽聽聽 Cut cable

[15:0]聽On your website, you point out that you guys are the only queer couple in the personal finance blogging niche- if any, what obstacles have you had to overcome?
路聽聽聽聽聽聽 Tons!
路聽聽聽聽聽聽 Created a market
路聽聽聽聽聽聽 Growing a community

[17:18]聽What are some of your favorite topics to cover?
路聽聽聽聽聽聽 Give a rounded experience
路聽聽聽聽聽聽 Talk about mentality/ lifestyle
路聽聽聽聽聽聽 Travel
路聽聽聽聽聽聽 Budgeting

[18:19]聽What are some areas you are trying to raise awareness for?
路聽聽聽聽聽聽 To provide help to yourself then to others
路聽聽聽聽聽聽 Take financial situation earlier
路聽聽聽聽聽聽 Airbag on the airplane analogy
路聽聽聽聽聽聽 You can give back when you aren鈥檛 broke

[22:11]聽What is it like to be a couple as well as business partners?
路聽聽聽聽聽聽 We love it
路聽聽聽聽聽聽 Wanted to spend more time together
路聽聽聽聽聽聽 Times when you can pick each other up
路聽聽聽聽聽聽 Commiserate together


[26:11]Chain of Wealth鈥 If you want to refinance your student loans head over to chainofwealth.com/credible for $200 off your first payment.

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[26:58]聽Why do you think people fail at achieving their dreams?
路聽聽聽聽聽聽 People haven鈥檛 decided what their dream is

[27:58]聽Do you have a favorite book and podcast you can recommend?
路聽聽聽聽聽聽 Podcast:聽Queer Money,聽Sean Croxton鈥檚 quote of the day

[28:53]聽Do you have a favorite quote you like to live by?
路聽聽聽聽聽聽 鈥淣o one drifts to success鈥
路聽聽聽聽聽聽 鈥淏e thankful for what you have, you鈥檒l have even more. If you concentrate on what you don鈥檛 have, you鈥檒l never have enough.鈥

[30:12]聽Do you have any final parting piece of advice for our listeners?
路聽聽聽聽聽聽 No one ever gets rich living beyond their means

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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.

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