Journey to Financial Independence: Introduction to Mark’s Money Mind | Episode 001

27/02/2024 37 min Episodio 1

                    Journey to Financial Independence: Introduction to Mark’s Money Mind | Episode 001

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Episode Synopsis



This episode is an introduction to the Mark’s Money Mind show hosted by Mark Trautman, CFP® from Crested Butte, Colorado. He shares his passion for financial education and his plan to share timely topics, personal stories and community wisdom through his new show.



Mark shares his own journey to financial independence, beginning from taking the first step of learning about personal finance through books as the internet was not popular back then.



From there, he shares how he and his wife made smart financial decisions like maximizing their 401k contributions, house hacking and maintaining a minimum 20% savings rate. He talks about getting his Certified Financial Planner designation for his own knowledge and transitioning into retirement at age 50.



The story takes a turn with the unfortunate cancer diagnosis of his wife and her subsequent passing. The incident made Mark realize the importance of a living a life of balance, between saving for the future and living in the present, and he encourages listeners to do the same.



The goal of the show is to discuss a wide range of financial topics along with audience participation via submitted questions.



Send your questions to [email protected] (put “Podcast Question” in the subject line)







Episode Links:



The Wealthy Barber by David Chilton



The Millionaire Next Door by Thomas J. Stanley and William D. Danko



Who Let That Lifestyle Creep In?







Timestamps:




00:00 Introduction to Mark’s Money Mind



00:28 Why I Started This Podcast



00:53 My Journey to Financial Education



01:41 The Importance of Community in Financial Learning



01:58 My Experience Teaching Personal Finance



03:14 My Involvement in the Financial Independence Community



04:12 The Range of Topics We’ll Discuss



05:43 My Personal Financial Journey



12:19 The Importance of Saving and Investing



15:18 Our Experience with Housing and Debt



27:31 The Decision to Move to Colorado



32:42 The Impact of My Wife’s Cancer Diagnosis



35:30 The Importance of Purpose in Retirement








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