David founded Money Under 30 in 2006 as a way to document his efforts to pay off $80,000 of debt, and to provide a free resource to help young adults make financial decisions with confidence.
David is a graduate of Bates College and worked previously at SmartMoney Magazine in New York.
Welcome David!
[1:23] So tell us something about you we don’t know.
· Married with 2 kids
· Lives in Maine
[2:10] How did you get started with Money under 30?
· Moved home with parents
· Needed to fix finances
· Wanted to help others
[4:1] If you could go back in time and give the 18 year old version of yourself one piece of advice what would it be and why?
· Don’t spend money you don’t have
· Glad for mistakes- brought about Money Under 30
[6:21] You have a section on your website about buying cars—something everyone hates. What tips and tricks do you have for buyers?
· Understand financing costs
[8:44] Do you recommend buying or leasing? How do you make the decision?
· Most people should buy over lease
· Buy a used car
[11:50] You had quite a hefty debt bill some time ago, what did you do to get rid of it?
· $80,000 in debt (student loans & credit cards)
· Moved home
· Got a side job at Starbucks
[14:39] How long did this take you? What was the most challenging part?
· 3 years
· Reduced life inflation
[15:46] What do you recommend to a person who is trying to raise/ improve their credit rate?
· Pay on time
· Keep debt minimum- no large balances
· Get a co-signer
· Secured credit card
[21:18] It seems like side hustles are the new big thing- what side hustles do you recommend that are easy to start?
· Department stores
Sponsor
[14:8] Chain of Wealth – FREE Definitive Guide on Debt, teaching you everything you need to know to master debt and use it to your advantage.
Value Link Round
[24:47] What books or other podcasts do you recommend to our listeners?
· Book: The Investment Answer
· Podcast: Dough Roller
[26:31] What is the best advice someone ever gave you?
· Put money into an IRA as a teenager
[27:40] What is your favorite word or quote?
· Do one thing every day that scares you
[28:24] How can we find you?
· Moneyunder30.com
· Facebook
· Twitter
[28:45] What is some parting advice you have for our listeners?
· You don’t have to be a numbers person to make informed decisions about money.
