EP 111 - Daniel Blue, How to Dramatically Change Your Financial Life
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EP 111 - Daniel Blue, How to Dramatically Change Your Financial Life
The more movers and shakers you surround yourself with, the more likely you are to realize that most have one thing in common — at some point, they’ve lived a f***ed up life. That’s according to Daniel Blue.
“Most winners had some kind of tragedy or adversity hit them, usually on more than one occasion,” he says. “For me, I’m a product of my mistakes, and I happened to make countless mistakes in early childhood.”
At 18, Daniel was addicted to Oxycontin, had gotten a woman pregnant, and dropped out of college. In need of some quick money, he turned to real estate sales — and in his first year made $95,000. By the following year, he was making six figures. The problem was that he had no clue how to be a responsible steward of this money.
“I didn’t grow up with a bunch of money. I grew up with a single mom after my dad moved to Mexico when I was 12. We lived in a hotel, and there was a year in high school where I lived with one of my friends because we didn’t have our own place. So, I didn’t see a lot of money transactions and investing and financial literacy.”
As an addict and new dad, Daniel was over-drafting his bank account, doing his taxes poorly, and stuck with “s*** credit.” Then, in his mid-20s, after getting clean from Oxycontin, he decided to change his financial habits, too. Exposed to entrepreneurs who introduced him to new ways of approaching investing, Daniel was able to turn a new leaf financially — and ultimately save and invest enough to, at 29, start his own financial literacy company.
In this episode of the Working For a Dream Podcast, Patrick and Daniel talk about how to improve your cash flow with self-directed 401k’s and investments, as well as the path that brought Daniel to making financial literacy his mission.
What You’ll Learn:
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Why self-directed retirement accounts are key for entrepreneurs in particular (and why traditional financial advisors won’t tell you about them)
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The two different types of “come-ups” Daniel has seen, and why only one is sustainable
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The steps Daniel took in order to comfortably sacrifice his salary and start a company
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And much more!
Favorite Quote:
“You have to make sure your purpose cup is being filled. Being in a funk happens when you’re going about your day without having your purpose cup and your passion cup filled.”
— Daniel Blue
Connect with Daniel:
How To Get Involved:
Patrick Bolanos is a serial entrepreneur, business owner, and CEO of Trailer King Builders in Houston, Texas.
He was raised in Nicaragua, exposed to extreme poverty, and also had the fortune of being exposed to life in the United States traveling back and forth to both countries.
After college, Patrick’s career took him into the corporate world of banking where he learned the important lessons of understanding what you’re selling and why it’s important to believe in it.
Back in December of 2017, Patrick was fired from his job as a CFO for a Restaurant Group. With only $500 to his name, rent due, his wife, 3 children at home, and one on the way, he was forced to figure out how to pull his family out of this financial abyss that was strangling his life.
With no knowledge of how to build a trailer, Patrick simply figured all of it out and has now built it into the thriving empire of what’s now become Trailer King Builders.
United States
