DJ kicks off the interview by telling us how he became DJ the Money Coach. He became passionate about money because his mother was a victim of predatory lending and identity theft. Furthermore, DJ did what many of us have done: signed up for credit cards not really realizing he had to pay them back. His credit score was very low, and this impacted him in getting mortgages and business loans for a long time. So, he added to his accounting knowledge by listening to tapes and radio shows and reading. DJ learned that what you need to be successful in personal finances is: discipline, accountability, proven system, and do the work for 5 years. The conversation transitions to further personal finance topics, like budgeting (you should have one), student loans, student loan forgiveness, auto loans, whether your primary home is an asset, whether you should pay off your mortgage, insurance, and retiring early. DJ closes by emphasizing Jim Collins’ (from the book Good to Great) Hedgehog Concept: finding where your passion aligns with your skills and can earn income.
If you liked this episode, you’ll also like episode 120: Go to the Investing Gym But Don’t Get An Investing Tattoo or 156: Financial Independence doesn’t have to be extreme.
About DJ:
DJ The Money Coach is a distinguished professional speaker, Certified Estate Advisor, and Charter Senior Financial Planner. In 1997, DJ founded Deransburg International, Ltd. (DI), a professional sponsor of the Learning Institute for Financial Education (L.I.F.E). DI’s team of expert instructors specializes in financial education, wealth accumulation, asset protection, and small business planning for Middle Class America.In addition to his educational efforts, DJ owns a resort in Zanzibar that supports the African economy. He is also the author of “The ABC’s of Wealth: A Common Sense Strategy for Achieving the American Dream.”The Chicago native and Columbia college graduate is committed to delivering exceptional value to his audiences by teaching them how to achieve financial independence through debt elimination, early retirement, and building passive income streams.
Connect with DJ:
YouTube & IG: DJ the money coach
linkedin.com/in/djderansburgjr
https://djthemoneycoach.com/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.realadultingiseasy.com/
https://www.instagram.com/adultingiseasyreal/
