Millionaire Series: Debt-Free and a Millionaire by 31, with Steven Stack
Tuesday, March 15, 2022
Millionaire Series: Debt-Free and a Millionaire by 31, with Steven Stack
We’re continuing the Worth Listening Millionaire Series! Over the next couple of months, Worth Listening host and Certified Financial Planner Lauryn Wiliams, will be interviewing millionaires on the podcast so we can hear their money memoirs and what they did to reach that coveted millionaire status.
Next up in the series is Steven Stack, Financial Coach & CFEI, speaker and author of the book Simple Money Talks. Steven became a debt free millionaire when he was just 31 years old. Through a combination of of smart money management and investing, primarily through the stock market and real estate, Steven set out to become “retireable” by the age of 45.
And before you jump into thinking this was only able to happen for him because he is a financial coach, that’s not where his journey started.
In this episode, we discuss:
- The building blocks he learned at an early age that set him on the right path
- Why his dream school was the one he could reasonably afford and how he graduated with money in the bank instead of student loans
- The Denzel Washington movie quote that got him investing in real estate
- How and why he started maxing out his retirement savings when he first started working
- The importance of connecting with people and learning from others
- Why passive income isn’t really passive and what the narrative should be instead
- Why passive income isn’t really passive and what the narrative should be instead
- The importance of understanding how each party in a deal makes money before getting involved
- How he got started in real estate investing
- Why the most important consideration when buying a house isn’t how much you are approved for
- The difference that focusing on increasing your income can make in your finances
- The importance of not upgrading your lifestyle when your income increases
You can learn more about Steven at stevenlstack.com and follow him on social media at the links below. Check out his book Simple Money Talks.
Instagram @stackingwithstack
Facebook @stackingwithstack
Twitter @stevenlstack
TikTok @stackingiwthstack
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-listening.com. We'd love to hear from you!
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