Evolve and Elevate

Jake Fry

Tune in for insights and content intended to provide self-growth and improvement oriented value. At Evolve and Elevate we are always aiming upward with a passion to serve others and grow in all facets of life. read less
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Episodes

Episode 5 - Minimalism & Stability
Apr 26 2021
Episode 5 - Minimalism & Stability
Thank you for visiting and listening to another episode of the Evolve & Elevate podcast! This episode covered some of the basic principles around living simply & building a foundation for a financially stable future. With persistence and financial discipline - you will inevitably reach financial stability. Growing wealth is a science with strict rules of engagement – learn them and use them! In 2018, as a single father earning a 40k (41.3k to be exact) a year salary– I was able to follow the science of wealth building and max my 401k (18.5k USD), purchase a rental property (no money down) and turn a 35K investment with 6 months of time investment (DIY Remodeling) into a 1K/month 3 year signed lease. (that’s a paid off mortgage on a property now worth double in three years!) Imagine repeating that deal one a year for a decade – what would your life look like?Through simple living within a predetermined budget and research into the basic principles of wealth building – you too can build a foundation for which to grow your future financial stability upon! But no one will do it for you – get out there and get it done! Stay up!  Check out some additional sources of information below --- https://www.youtube.com/watch?v=VaME4iHUhSE&t=210s Walden by Henry David Thoreauhttps://www.youtube.com/watch?v=JHcGmiZqKXo – Minimalism philosophyhttps://www.investopedia.com/articles/retirement/08/401k-info.asp - basic 401k information https://www.investopedia.com/mortgage/real-estate-investing-guide/ - basic real estate investing informationhttps://thephysicianphilosopher.com/cant-afford/ - Don’t buy if you cannot afford it! (‘Most’ Debt is not ‘good’ debt) Some brokerage phone applications I have enjoyed using:  WeBullE*TRADERobinhood