Have you ever thought of taking the leap to becoming an entrepreneur?

Today we talk to PT Money, a well known in figure in the personal finance community. He manages his own blog as well as organises FinCon, the amazing annual personal finance event. He tells us how he got started as an entrepreneur, his plans for the future and his real estate experience.

You'll love his story.

We also chat about...

How PT Money got started with entrepreneurship
How he got his wife on board with quitting his job
How the FIRE movement has developed
His future plans
Lessons learnt in real estate

Enjoy this chat with PT Money, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

PT Money's blog: PT Money
FinCon
Dave Ramsey
PT Money on Twitter
PT's real estate series

Key takeaways from our chat with PT Money
1 - Attempt to find what makes you happy as soon as possible
PT Money admits that one of is regrets is not looking for what made him happy sooner. He worked as a CPA and then quit in 2010 to be able to work on his businesses. He had figured out that he really loved financial blogging, and as he says himself, 'not blogging' was not an option. He says if he had learnt how much running his own thing made him happy early on, he would have started sooner. Have you ever thought of starting sooner?
2 - FIRE raises the standards
PT is very much aligned with the FIRE movement because as he says, it raises the standards for other people to improve their finances. Now it's not just saving 10% of your income, it's saving 30% and investing it. Not just getting rid of debt, but staying out of debt and building an emergency fund. Now the goal is freedom, not just healthy finances. PT loves this because the FIRE movement allows you to discover why you care about money and why you are pursuing this goal.
3 - Lessons learnt in real estate
PT dabbled in real estate, and now has a sustainable income coming from a rental unit he bought. He learnt a few things:

It's not as scary as it looks
You do need to educate yourself
You just need to get your feet wet; get started

PT's selling strategy is to sell after living in that house for a couple of years. This is in order to avoid the huge tax burden of capital gains if you sell a property which isn't your main residence. Nice hack!
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