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306 | Financial Myths and Misconceptions | Diania Merriam
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- čas přidán 20. 03. 2021
- In 2019, Diania was preparing for the launch of EconoMe in the spring of 2020. She could not have anticipated the risk of a global pandemic impacting her conference, but it was successfully held on March 7, 2020, just before the event location's shut down. The 2020 event hosted 250 attendees and nine expert speakers.
After putting 20 months of work into the conference, Diania was gratified to hear that 90% of participants loved the event and would recommend it to a friend.
Getting together as a community is something that has been missed in the financial independence community over the last year. While some may label the movement as a cult, that is s misconception.
Like many others in the financial independence community, Diania felt the need to share content to make it accessible and help those receptive to the message get their financial houses in order, much like Mr. Money Mustache did for her.
She finds that many people have preconceived notions and assumptions, thinking that it won't work for their personal situations, but Diania believes putting more content out there will help others it's a mindset and there are no hard and fast rules.
Although some may believe you have to be a white 3o-something male with a tech career to be in the FIRE movement, Brad points out that is far from the reality ChooseFI sees in its Facebook and local groups. Brad says that 90% of the responses to his weekly email are from women.
Financial literacy is for everyone and FIRE is merely an aggressive and enthusiastic brand of it.
Though there seems to be an assumption that those in the FIRE movement earn high incomes while eating rice and beans, Diania says in truth, it is rather agnostic when it comes to income. It might be easier for those with high incomes, but those with lower incomes can also improve their finances.
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financial myths
Poor people think of what they can buy with their money, Rich people thinks of what they can invest in with their money 💰💰💰
The rich stay rich by investing and investing without stopping then the poor stay poor by spending like the
Rich but yet not investing like the rich
Crypto is the future
Trading crypto has been a lucrative way of making money
Trading with Andrew Miller has been a game changer for myself
Call or text him on WhatsApp
I’m also thinking of pursuing the same “coast Fi”.. I have enough for retirement long term, just need to side hustle to cover my expenses. Take chances again on myself.
Go for it! You don't have to reach FI before you craft a life you enjoy.
❤❤
This was great! I'm going to get tickets for EconoME 2021!
It took me nearly 10 minutes to realize this was the same Diania as Optimal Finance Daily, it doesn't even sound like the same person. I hadn't heard her in a long form conversation like this but it was great.
She's pretty cool and has been on the show before. Are you headed to the EconoMe Conference?
you guys are pumping out the videos as of late I don't have the time to watch them all lol
Hahaha, gotta keep the video team busy. Seriously, the videos will be here when you have time. Thanks for watching.
Hi Ben
Financial independence, RECREATIONAL EMPLOYMENT.
Branding problem solved. You’re welcome.😊
Our community manager uses that all the time.
If people are getting angry that Diane can save a good chunk of her earnings they should be thinking about how much they can set aside per paycheck. It's not how much money your putting aside too get too financial independence like Diane is. Just get your ass in gear and invest what you can.
😀
Well scripted for me 😉