MI319: Adulting is Easy w/ Lauren Keen Aumond
The Intrinsic Value Podcast - The Investor’s Podcast Network
Influences from Family and Understanding True Wealth
The chapter discusses the influence of the speaker's father on their financial mindset and the importance of understanding wealth beyond material possessions. It also emphasizes the role of open communication about money within families and shares personal experiences of families who appeared wealthy but were actually bankrupt.
Patrick Donley sits down with Lauren Keen Aumond to talk about her journey to financial independence. They also touch on how she learned how to ignore the Joneses, what her real estate portfolio looks like, how she found the right strategy that works for her, how she educated herself in both real estate and personal finance, and so much more.
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
01:59 - How Lauren first got turned on to the principles of financial independence.
02:10 - Who her biggest influences were growing up.
04:15 - What the financial blueprints were that she picked up from her parents.
08:25 - How she learned not to keep up with the Joneses.
10:28 - What her early career aspirations were.
14:59 - What her early real estate portfolio looked like.
14:59 - How she used 1031 exchanges to trade up in her portfolio.
17:11 - How she got lured away from FI and pursued the trappings of society.
17:31 - How she laid the groundwork for financial independence.
22:39 - How Lauren found the right real estate strategy that worked for her.
22:44 - How she educated herself about real estate.
25:55 - What her favorite personal finance books are.
28:15 - What she would have done differently to accelerate financial independence.
29:26 - Why she’s a big proponent of house hacking.
30:55 - What it’s like building wealth once you are married.
34:25 - What her main goals are for 2024.
37:26 - The benefits of short-term vs. long-term rentals.
37:26 - What the economics of Airbnb rentals are.
39:37 - What she’s learned from some of her favorite podcast guests.
42:42 - How the idea for House Money Media came about.
45:58 - What it was like for Lauren to have Elon Musk respond to her tweet about 401k’s.
49:35 - What are some of the biggest financial mistakes she sees younger people making.
And much, much more!
*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: The Pschology of Money by Morgan Housel.
- Recommended Book: Your Money or Your Life by Vicki Robin.
- Recommended Book: Set for Life by Scott Trench.
- Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
- Recommended Book: The Simple Path to Wealth by JL Collins.
- Recommended Book: The Everything Guide to House Hacking by Robert Leonard.
- House Money Media
- Related episode - REI152: NFL’er Has Time for Real Estate, So Do You w/ Devon Kennard | YouTube video.
- Check out the books mentioned in the podcast here.
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