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Joe used to be a professional football player for the NFL.
And although he was earning a very high salary, he was surrounded by people who also had high expenses and were living paycheck to paycheck. He has now reached financial independence and lives the van life while drawing down from his nest egg.
You’ll love his story.
We also chat about…
- How Joe was inspired to pursue FI
- The identity crisis of leaving your job
- How he managed his finances while working for the NFL
- His plans to work on several source of income
- The mindset blocker when it comes to side hustles
Enjoy this chat with Joe, and please subscribe to us in iTunes if you enjoyed it!
Show notes and links from today’s episode
- Joe’s blog: Man Van Dog Blog
- Joe on Youtube, Instagram and Twitter
Key takeaways from our chat with Joe
1 – How to deal with an identity crisis
Joe was working along players who were living paycheck to paycheck and were big ‘stuff accumulators’. Joe himself admits that although he was making a couple million dollars a year, he still felt the need that he wanted more. As he discovered the FI community, he understood the importance of only buying things that add value; if you declutter your physical space, you’re also decluttering your mind.
2 – Keeping perspective in the NFL
Joe explains that NFL players do blow their money quickly, but there are some good examples of people saving. It’s very easy for expenses to go up as a young NFL player – it’s difficult to control all that money when you’re young, since most times priorities are somewhere else. Once they retire, however, these players not so surprisingly find all their money has run out.
Joe dealt with this by having a financial planner that helped him invest his money and set up a 5 year runway budget.
3 – Dealing with a mindset blocker
A mindset block to getting started with side hustles is a matter of confidence. Joe says it’s important to find what matters to you and to evaluate the amount of access to information you have – with that you can be whoever you want. He enjoys investing in other people’s small businesses and helping other young entrepreneurs. He’s also managing his blog and sells his very own t-shirts. J explains that it’s not only important to start, but also to own/be proud of your side hustle!
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