MI323: Creating a Work Optional Life w/ Rachael Camp
The Intrinsic Value Podcast - The Investor’s Podcast Network
Finding Passion and Independence
Rachel Camp reflects on her upbringing that emphasized independence and finding something she loves to make money from. She discusses her early entrepreneurial ventures, rebellious phase against finance, and eventual discovery of her passion for business and finance.
In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Camp who is a Certified Financial Planner to talk about how to create a work optional life. You’ll learn what Rachael’s first steps and questions are to her clients, how she manages her own financial life, what the biggest mistakes people make with their finances, her thoughts on renting vs. buying, and so much more!
Rachael is a Certified Financial Planner and owner of Camp Wealth where she helps high-earners and business owners build a preserve wealth. She is also co-host of The Work Optional podcast and lives in Denver, Colorado.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro.
01:41 - What it was like growing up in a family that was heavily involved in finance and investing.
07:26 - What it was like working at JP Morgan directly out of college.
09:19 - How it was partnering with her father doing financial planning.
12:44 - Why introverts can make great salespeople.
13:50 - How Jerry Seinfeld influenced her to write.
14:50 - What is money and how to become better with it.
17:14 - What her first steps and first questions are with new clients.
25:37 - How Rachael manages her own financial life.
26:41 - How the FIRE movement influenced her.
31:05 - Why everyone should create a memory dividend fund.
36:27 - Why she started her podcast, Becoming Work Optional.
39:31 - How Twitter has influenced and advanced her career.
50:56 - What her tech stack looks like for managing her finances.
54:23 - Why it’s not worth your time to try to beat the market.
58:01 - What the biggest mistakes she sees people making with their finances.
59:38 - What her thoughts are on renting vs. buying.
67:20 - How the ideas of Naval Ravikant have influenced her.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
- Recommended book: Quiet by Susan Cain.
- Recommended book: Sapiens by Yuval Noah Harari.
- Recommended book: The Psychology of Money by Morgan Housel.
- Recommended book: Die with Zero by Bill Perkins.
- Recommended book: The Obstacle is the Way by Ryan Holiday.
- Recommended book: Common Sense on Mutual Funds by Jack Bogle.
- Recommended book: Deep Work by Cal Newport.
- Recommended book: The Almanack of Naval Ravikant by Eric Jorgenson.
- Recommended book: The Creative Act by Rick Rubin.
- Recommended book: Four Thousand Weeks by Oliver Burkeman.
- Check out the books mentioned in the podcast here.
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Connect with Patrick: Twitter
Connect with Rachael: Twitter | YouTube
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