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Schwab Network
Jeremy Schneider: "Buy and Hold Forever"
Feb 10, 2025
In this engaging conversation, Jeremy Schneider, founder of Nectarine and author of Personal Finance Club, shares his remarkable journey from near poverty to millionaire status. He discusses vital steps for building wealth, including the importance of frugality and the necessity of investing in index funds. Jeremy shares valuable insights on overcoming investment fears and avoiding debt traps. He also emphasizes his mantra of 'buy and hold forever,' encouraging listeners to take charge of their financial future with confidence.
30:00
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Quick takeaways
- Jeremy Schneider's journey illustrates the importance of taking risks and believing in oneself to create financial independence and wealth.
- He emphasizes that financial literacy and disciplined saving can empower individuals to achieve significant wealth accumulation over time.
Deep dives
Turning Down a Promising Job
The guest shares his decision to decline a job offer from Microsoft, emphasizing a desire for independence rather than being just another employee. He felt that working for such a large corporation would limit his potential to make an impact, prompting him to start his own business at the young age of 22. With minimal capital of around $6,000, he engaged in a steep learning curve to understand entrepreneurship as he had no prior connections to the industry. This leap of faith set him on a path toward building RentLynx, a company that met the needs of landlords by providing automatic syndication of available listings to various apartment search websites.
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