Jacob Wade came into $100,000 at a young age thanks to a series of unfortunate events. The next unfortunate event was how he blew through that money without any budget or long-term plan. Hear how he did it and what he learned about budgets in this episode of the Personal Profitability Podcast. Resources Mentioned * I Heart Budgets * The Complete Beginner Guide to Travel Hacking Full Transcript Eric Rosenberg: Ladies and gentlemen, boys and girls, children of all ages, welcome back to the Personal Profitability Podcast for episode number 28. And I'm excited to have a really cool guest on with us today, someone who I met at FinCon, I think in St. Louis, that was FinCon 3 if I'm remembering right. We got to hang out and be buddies and went out to the after parties together and had an awesome time. And he came through in a clutch situation for me at this most recent conference when I couldn't figure out how the sound stuff works and this guy is a serious audio engineer. He has some good knowledge on that. And I am speaking, of course, of none other than the amazing Jacob Wade from I Heart Budgets, who's on the line with us. Say hello, Jacob. Jacob Wade: Eric, thanks for having me. How's it going? Eric: I'm doing excellent. It's a nice, cool Portland evening. I know you're just a few hours north up in Seattle, we share a specific northwest rained-in weather. It's a bummer this time of the year, I'm doing pilot lessons to learn how to be a pilot, pilot, about halfway through my hours but I have gotten very few hours since our infamous northwest winters have set in. I can't fly when it's cloudy. So that means I can't fly much. Jacob: Yeah. So I was gonna say you've got like a 15-day window during the summer and you're good to go. Eric: Yeah. I tell people when they haven't been up this way before, I'd say if you come after July 4th for about eight weeks you're pretty safe that you'll have nice weather and outside of that expect rain. Jacob: Funny you mentioned that, it actually is required that it's after July 4th, coz it will rain on the 4th of July and then July 5th will be like 75 to 80 for the next eight weeks. Eric: That's what Kathleen from Frugal Portland, she's another Portland local, she's been in this part of the world a lot longer than I have; me coming from Denver. And she was the one that told me 4th of July, that's when you can start saying the weather will be nice. It's an interesting way to, it's a good marker though. Jacob: It is truth. Eric: So speaking of blogs and people we know, could you share with everybody your story, how you started your website and a little bit about what your site is about? Jacob: Yeah, absolutely. Name's Jacob Wade and I run the blog IHeartBudgets.net, pretty self-explanatory, it's a budgeting and finance-focused website based on getting on a budget, knocking out your money goals, some cool ways to save and just other great ways to manage your money. So my background, if we go way back... Eric: Let's do it. Let's dig in. How I Blew $100,000 Before Turning 21 Jacob: I just turned 30 so let's go back 10 years, I was 20 and I was working at the RadioShack at the mall making a killing. Eric: RadioShack does not exist anymore in the same form. Jacob: Absolutely. So we were there selling prepaid cell phones and doing our thing; totally legit. But I was there working at RadioShack. I did a little construction with uncle in the summer. But it was mostly just the RadioShack job. And I did not managed my money at all. I spent it. Because I could. Actually, you know what, that's a good pause,
No transcript available.
POWERED BY BLUBRRY
