EP075 Wealthing Like Rabbits with Rob Brown

Rob Brown is a personal finance speaker and the author of Wealthing Like Rabbits: An Original and Occasionally Hilarious Introduction to the World of Personal Finance. Released in 2014, Wealthing Like Rabbits became a Canadian bestseller. The book has been featured in multiple publications such as The Globe and Mail, Reader’s Digest, and MoneySense Magazine, and is highly regarded as a must-read book on personal finance. Rob writes a monthly column that appears in the MoneySense magazine and often speaks at universities and colleges about how to manage money better. He is also a frequent speaker at business and trade organizations such as Chambers of Commerce and Sales and Networking groups where he shares the business lessons he has learned as a self-published author.

 

Rob joins me today to share the inspiration for his book and the financial tips that have helped him find financial stability and success. He explains the vital financial lessons that are essential for students and young adults to learn early on and the benefits of avoiding dumb and excessive consumer debt and comparing yourself to others. Rob also shares the answers to the questions he gets asked most often when speaking to students about debt and saving and why it’s critical to assess the risks and rewards before jumping into investing.

“The discipline of making yourself save a little bit of money every time you get paid is important and developing the habit early on is crucial.” - Rob Brown

This Week on Young Money:

 

• The inspiration for writing a personal finance book for students and young adults.
• The financial tips that lead to success such as saving, avoiding dumb and excessive consumer debt, and not ‘keeping up with the Jones’s.’
• The financial lessons that Rob teaches now and wishes he knew earlier in life.
• The top 3 tips for young adults that will set themselves up for financial success.
• The benefits of paying off your credit card bill every week.
• The audience questions that Rob gets asked most when speaking to students.
• Why it is important to assess the risks and rewards when investing.
• Why it is vital to look for opportunities and take responsibility for managing your finances.
• What Rob is working on next and the possibility of a new book.

Key takeaways:

 

1. Make financial decisions that are right for you.
2. Think about the little day-to-day decisions and how they can affect your life overall.
3. Adapt by finding opportunities to spend less money or make more money.

Resources Mentioned:

 

• EP018 Cashflow Cookbook with Gordon Stein
• EP063 Money Mindfulness with Jessica Moorhouse

Connect with Rob Brown:

 

• Wealthing Like Rabbits
• LinkedIn
• Facebook
• Twitter

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