Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Chris is the author behind the blog, Apathy Ends. Along with his wife, Chris had a student loan bill of $85,000, an expensive house and no savings. In the last 3 years, they have paid off $60,000 in debt while building a $90,000 nest egg. Welcome! [3:2] So what triggered the beginning of massive debt payoff for you? ·       Graduated 7 years ago with over $85,000 ·       6.5-6.8% with one at 10% ·       Had more interest than the maximum amount allowed to deduct by the IRS ·       Often you get handcuffed to living paycheck to paycheck [5:2] How have you managed to accumulate so much in such a short time? ·       The bulk is increasing income ·       Gone up 2.5x, similar with Josh’s wife ·       Kept big costs low and not letting lifestyle inflation take over [9:2] What do you own now that you wouldn’t buy again for its current value? ·       First house- only put 3.5% down and therefore was house poor. ·       Fortunately bought at a good time in the market ·       Beer brewing equipment [11:14] What sm