4 books that changed my relationship with money

money Jul 24, 2018

Photo by Ben White on unsplash.com

Which of your relationships are most important to you?

We tend to immediately think of the important people in our lives, both personally and professionally.

But there are other relationships that are just as critical. Among them:

  • Your relationship with yourself
  • Your relationship with food
  • Your relationship with money

I've seen firsthand how the money relationship can change your life.

My "unconventional" relationship with money has allowed me to do some pretty unconventional things like:

  • Create a summer camp in college
  • Leave behind six-figure compensation in Corporate America at 25
  • Start a company where I get to do what I love every day
  • Be comfortable not paying myself for the first 1+ year in business

I owe my relationship with money to three main experiences:

1. The Moheban Masters Game

When I was in high school, my dad created a money game called "Moheban Masters" for my brothers and me.

Each month, we earned a pretty big salary for a...

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As a millennial, I’m not saving for retirement

money Jul 17, 2018

Photo by Andreas Wagner on Unsplash

When I said “no” to traditional retirement

In high school, my mom and dad were actively involved with a successful multi-level marketing company.

Because my parents are awesome, they involved my brothers and me by introducing us to the product, explaining the financial model and even bringing us to one of their team meetings.

I’ll never forget that meeting.

It was led by two local Team Leaders, a healthy and good-looking married couple in their late 30s / early 40s with several children.

I’ll always remember the woman telling us about what she did that day: sleeping in until 9am, working out with a personal trainer, playing outside with her kids for several hours, responding to some emails in the afternoon, and then coming to this meeting. She kept talking about the incredible freedom she had because of the income from this product.

Some of you might be rolling your eyes at multi-level marketing or her story, but a...

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A simple budgeting exercise helped me save $90K in three years

money Jul 09, 2018

Photo by Jan Kahánek on Unsplash

Disclaimer: I am not a financial advisor and don’t play one on the internet. Consult with a certified financial advisor before making any investment decisions.

Thanks to my uncle...

In October 2011, I signed a contract for $65,000/year plus a $10,000 signing bonus.

On the one hand, I was elated. I was about to graduate from Indiana University in May, so the most I had made to this point paled in comparison. Plus, this was to work at a prestigious bank in my dream city, Chicago.

On the other hand, I was nervous. I knew I wanted to save a lot of money, but how was I supposed to do it? What kind of accounts should I set up? How much would I even have leftover after taxes?

Once word about my offer got around to my family, individual members started reaching out to congratulate me. Fortunately (but not surprisingly), one of them was my Uncle Jeff.

“Hey Mammoo, congratulations on your offer!” he told me over the phone. “So...

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3 Money Concepts Helped Me Give Up a 6-Figure Income at 25

money Jun 14, 2017

Photo by Joshua Earle on Unsplash

How I escaped Corporate America by learning all money is not equal

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” -Edmund Burke

Too often, we use money as the basis for life’s most important decisions. Money either explicitly or implicitly determines:

  • Where we go to school and what we study
  • Where we live
  • What we do for work, and who we work for
  • How we spend our time (work 5+ days with weekends off- every week, every month, every year, for 80,000 hours)

Money is why I majored in Finance, chose a secure finance job over an entrepreneurial fellowship right out of school, and stayed at that job for three years even though I was overworked and unfulfilled.

I started out really liking my job- I loved the people I worked with, was making good money, and was one of the top analysts in the group.

But as time went on and the better I performed, the more work got assigned to me.

I...

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Our P20 Talks from Goa, India

money Jun 07, 2017

We both had the opportunity to speak at P20 Talks 2016 in Goa, India, a conference for life skills educators from all over the world hosted by Parenting 2.0 and The Global Presence.

The Talks were focused on relating a personal story to a critical life skill.

We hope you enjoy!

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