Ep 53: My Biggest Money Mistake

In this episode, I’m pulling back the curtain and sharing my biggest money mistake—the one that left me and my wife with $304,000 in debt by age 23. It was reckless, avoidable, and rooted in the worst kind of financial influence: societal pressure. From student loans I didn’t need to cars I couldn’t afford, I followed the crowd straight into financial chaos.

But I didn’t stay there. I took full accountability, built an automated financial system, and climbed out of that hole to become debt-free and financially independent by 30. I walk you through every painful mistake, what I learned, and exactly how you can avoid the same traps. If you’ve ever felt stuck, frustrated, or confused by the financial system—you are not alone. This episode is your wake-up call.

Key Talking Points of the Episode

00:00 Introduction

01:24 $304K in debt by age 23

03:12 Breaking down the debt: student loans, car loans, and a $10K ring

05:20 What I could’ve saved with just a little effort in high school

06:38 The $22,000 car mistake (and why “safe” doesn’t mean “smart”)

07:25 A $10,000 engagement ring… on $2K in the bank

09:08 The overpriced mattress and marketing that got me

11:10 How societal expectations impact your financial health

12:42 The real reason people are broke

15:00 Why accountability is the only way out

18:03 Automations to help you pay off your debts

23:56 How the Budgetdog Academy has helped thousands of people

Quotables

“I didn’t have a money problem—I had an awareness problem.”

“Accountability is the key. You didn’t create the mess, but it’s still your job to clean it up.”

“Your system should be so simple, it works without you thinking about it.”

Links

Budgetdog

https://budgetdog.com