BiggerPockets Money4 Nov 2019

97: Intentionally Choosing the Path to Financial Independence with Financial Mechanic

Financial Mechanic wanted a puppy - and her parents told her she could have one when her little sister turned her age (in four years). When she asked how much puppies cost, she was told $100. So Financial Mechanic started saving. Everything!

Birthday money, Christmas money, anytime she received a dime, it went into her puppy fund.

Fast forward 4 years, and she tries to hand over the $100 - to her parents shock. “No, you keep that, we’ll buy the puppy.”

For four years she had been saving, so she just continued. By the time she graduated high school, she had $8,000 in savings. Her parents paid for her college education, and she knew she wanted options.

She studied Mechanical Engineering which led to programming, which led to a 6-month assignment overseas. Upon her return, she discovered mass layoffs - and that she was significantly underpaid!

In this episode we talk about how to prepare for an interview, how to negotiate salary, how salary isn’t the only thing you can negotiate, and how intentionally pursuing a goal can help you achieve it faster and easier.

In This Episode We Cover:

Financial Mechanic's journey with money
Saved money to buy a puppy
The importance of focusing on your future opportunities
Graduated college debt-free
Her money situation during her first internship
Earning a lot of money before she discovered financial independence
How his mindset changed the moment she found financial independence
How her money journey evolved
On her career
Did research on glassdoor for salary range
How she got her signing bonus
What her end-goal is
How she lived $20,000 a year
And SO much more!

Links:

Connect with Financial Mechanic:

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