51 min

Adam Trafton on his Debt-Free Journey, being Outrageously Generous, and Fatherhood Goals J. Margaret Weaver Journal

    • Business

A few months ago, I published a podcast episode that took a critical look at the saying and the philosophy that "your network is your net worth." This generated a lot of conversation and feedback, and I enjoyed hearing stories from people about their financial journeys, financial literacy, and sometimes the lack of education or transparency they had with respect to personal finances as they were growing up and some of the challenges this created later in life.

One of my colleagues and friends, Adam Trafton, reached out and shared some of the details about his debt-free journey. It was such an inspiration to me, I asked if he would join me for an interview to share how and why he paid off his debt so quickly (he paid off $70,000 in five months!) as well as what he's learned about personal finances and some of the common pitfalls many people find themselves in. Finally, we wrap up with the fun that comes with building wealth and using that wealth to be outrageously generous with other people! We agreed that the best part of being financially secure was the ability to give to people and causes that are important to you without concern over whether or not you could afford to do so.

Finally, I want to add a disclaimer that we are not giving any financial advice nor are we financial experts. Adam shares resources and a program that worked well for him, and encourages you to do the same. Everyone is at a different place in their financial journey, and this is an opportunity to hear how he changed his behaviors around spending and saving to reach specific financial goals. Your goals might be the same and they might be different, and I welcome productive, thoughtful dialogue and discussion.

A few months ago, I published a podcast episode that took a critical look at the saying and the philosophy that "your network is your net worth." This generated a lot of conversation and feedback, and I enjoyed hearing stories from people about their financial journeys, financial literacy, and sometimes the lack of education or transparency they had with respect to personal finances as they were growing up and some of the challenges this created later in life.

One of my colleagues and friends, Adam Trafton, reached out and shared some of the details about his debt-free journey. It was such an inspiration to me, I asked if he would join me for an interview to share how and why he paid off his debt so quickly (he paid off $70,000 in five months!) as well as what he's learned about personal finances and some of the common pitfalls many people find themselves in. Finally, we wrap up with the fun that comes with building wealth and using that wealth to be outrageously generous with other people! We agreed that the best part of being financially secure was the ability to give to people and causes that are important to you without concern over whether or not you could afford to do so.

Finally, I want to add a disclaimer that we are not giving any financial advice nor are we financial experts. Adam shares resources and a program that worked well for him, and encourages you to do the same. Everyone is at a different place in their financial journey, and this is an opportunity to hear how he changed his behaviors around spending and saving to reach specific financial goals. Your goals might be the same and they might be different, and I welcome productive, thoughtful dialogue and discussion.

51 min

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