It’s called Personal Finance for a Reason

Dave Lee, of Waves of Tech
Dave Lee, of Waves of Tech, shares his personal finance success with Think Enriched

Dave Lee, from Waves of Tech, is usually talking tech and what’s happening in the industry, but have you heard his money story?  Wowza.

This guy gets it.

We talk about:

  • Waves of Tech, part of Modern Life Podcast Network
  • Dave & Steve’s integrity really shines through!  We talk about their public discussion of the award show that was in poor taste.
  • You control your own identity & reputation.  Make sure you are choosing wisely and are sending out the message that you want to be known.
  • His credit card debt was up to $14,000.
  • He studies personal finance continuously, why?  To keep himself honest.
  • “I’m just fed up with not having the money that I earn in my bank account.”
  • How he did the envelope system:  Every Monday he walked into the credit union and paid cash for his payments and walked out with a receipt.
  • “It’s called personal finance for a reason!”
  • Ask yourself these 3 questions on every payment you make:
    • Can I live with this payment?
    • Can I live without this item?
    • Can I make the payment lower?
  • He went to the local credit union every week, paid off the payments in cash to see the cash be paid off.
  • “I’m a pretty quiet person.  But to be successful in this, I had to talk about this to everybody.”
  • People all around him in the workplace got involved helping him get out of debt.  They
  • Someone told him, “You spend lots of time on money.”  His response, “Yup.  If I spend my time & effort on a weekly basis on money, that’s time well spent.”
  • “Don’t cheat yourself.  Treat yourself.”
  • “It’s a good feeling to wake and know, I don’t have any debt.”
  • Compare items on an hourly rate.  Is it worth it to work an extra 6 weeks of the year for this item?
  • How he walked his younger sister through this process.
  • Having the first conversation is the toughest.
  • Listing it out is the most crucial. Do you have an accountability partner?
  • People learn about personal finance in different ways.  The key is to find what works for you.  I made it as tangible as possible.
  • Talking about money in his relationship.
  • “90% of finances is your mindset.”  Changing behavior & perspective on what financial freedom means.
  • [clickToTweet tweet=””90% of finances is your mindset.”” quote=”90% of finances is your mindset. via @rollerderbydave @itsamyrobles”]
  • You can always talk yourself into something, just like you can talk yourself out of something.
  • His plan is set to retire in 20 years
  • International Podcast Day: started in 2014, trending on Twitter
  • This year, Sept 30th, had 30+ hours of video streaming in 11 different hours
  • “The power of podcasting,” is making a difference in the lives of others

Resources mentioned in this episode:

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One Reply to “It’s called Personal Finance for a Reason”

  1. Awesome Brother! I’m only 13 minutes into listening to the episode and I had to post a comment:

    No way did Dave take out $250 a week in cash to pay his mortgage. He’s so weird and so NOT BROKE!

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