In this episode of the "Retire As You Desire" show, I had the pleasure of interviewing my close friend, Kent Webster, a fellow millennial who shared his journey towards financial success.

Kent opened up about his struggles with debt, having graduated with $60,000 in student loans and $20,000 in credit card debt. Despite facing financial challenges, Kent emphasized the importance of discipline, budgeting, and measurement in managing his finances.

Kent highlighted the pivotal moment when he and his wife decided to invest in their first property in Chicago, which ultimately led to a significant increase in equity.

This experience served as a turning point for Kent, demonstrating the benefits of taking calculated risks and seizing opportunities even when feeling unprepared.

Moreover, Kent discussed the concept of good debt versus bad debt, emphasizing the importance of understanding the financial implications of different types of debt.

He shared his strategy of utilizing interest-free credit cards for large purchases, provided that he maintained discipline in paying off the balance before accruing interest.

Throughout the episode, Kent emphasized the significance of measurement, optimization, and strategic financial planning in achieving financial goals. He encouraged listeners to confront their financial anxieties, forgive past mistakes, and take proactive steps towards financial stability.

Overall, Kent's story serves as an inspiring example of how millennials can navigate financial challenges, prioritize debt management, and leverage opportunities to build wealth. His insights shed light on the practical strategies and mindset shifts necessary for millennials to work towards becoming millionaires in today's complex financial landscape.

Stay tuned for more valuable insights and tips on financial success in future episodes of the "Retire As You Desire" show.

• 00:00:00 - Introduction of Guest, Kent Webster


• 00:05:30 - Realization of Benefits of Real Estate Investment


• 00:08:18 - Managing Debt through Budgeting and Measurement


• 00:09:27 - Utilizing Financial Tools for Vacations

• "I think I've gotten where I've gotten by budgeting, being aware of where I'm spending my money, making sure that I'm always spending less than I have, and just measurement." - 00:00 :28-00:00:38


• "I graduated with, in my own name, $60,000 in student loans and $20,000 in credit card debt on top of that." - 00:01 :42-00:01:52


• "It's very interest to let interest. It's very, very easy to let interest grow out of control because you're not attacking the principal." - 00:02 :45-00:02:56


• "You need to forgive myself for all the mistakes I might have made in the past. Forgive myself for not taking action before today." - 00:07 :09-00:07:19


• "You need to know and truly budget out what you can spend where because then that helps you make decisions." - 00:08 :18-00:08:28


• "There's a point in time where debt becomes a huge tool for you to use, not only to live your life, but also to make money and to earn money." - 00:10 :06-00:10:17


• "As long as you have the discipline to pay it off before it's due, I can go get an interest-free purchase credit card." - 00:10 :48-00:10:58


• "My emergency fund can go on this interest-free thing as opposed to me having to hold cash in my hand." - 00:11 :20-00:11:31


• "Guess what? I've borrowed money for 0% interest." - 00:11 :32-00:11:42


• "We're going to learn Mr. Webster's tricks over here. So this is going to be a good one." - 00:11:42