Millennial Investing - The Investor’s Podcast Network

MI319: Adulting is Easy w/ Lauren Keen Aumond

Jan 16, 2024

57:30

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Lauren Keen Aumond achieved financial independence through real estate investment and shares her journey and strategies. Topics include ignoring the Joneses, her real estate portfolio, finding the right strategy, educating herself in real estate and personal finance.

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Quick takeaways

Setting a strong financial foundation early on and making intentional decisions with money are crucial for achieving financial independence.

Learning about real estate investment opened doors to personal finance and understanding the connection between the two.

The shift towards short-term rentals, specifically Airbnb, can maximize cash flow and provide economic advantages over long-term rentals.

Deep dives

Journey to Financial Independence

Lauren Keene Alman shares her journey to financial independence, emphasizing the importance of setting a strong financial foundation early on and making intentional decisions with money. She highlights the role of real estate investment in reaching financial independence at a young age.

Introduction

2min

Influences from Family and Understanding True Wealth

20min

Finding Authenticity and Success: The Journey

4min

Finding the Right Strategy in Real Estate Investing

16min

Real Estate Investments, Podcasting, and Personal Finance

6min

Adulting is Easy: Making Money Easier

10min

Teaching Personal Finance and the Genesis of 'Adulting is Easy'

2min

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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