The Debt Myth-Personal Finance Luminary Jackie Beck-Part 2

By in Debt, Personal Finance, Personal Finance Luminaries | 2 comments

Personal Finance Luminary Series-Jackie Beck-Part 2

Welcome to part 2 of this inspiring interview with Personal Finance Luminary, debt evangelist, blogger, and debt app developer. Learn how she went from salaried employee and part time entrepreneur to full time online success. Read Part 1 here.

Personal Finance Luminary-Jackie Beck of The #Debt Myth talks about what makes her tic.

6. What are your best lifestyle hacks to manage being a mom, entrepreneur, and spouse?

You really have to do what’s most important to you first. Then everything else gets done (or doesn’t) as it can. I do believe that you can do most anything you want, but you can’t do everything all at once. So you’ve got to prioritize and then literally do the most important thing first.

Read more about Personal Finance Luminaries >>>

7. What are your best tips for living well and economically?

Only spend money you already have. If you want something, go for it, but save up for it first.

8. What are your biggest splurges?

Travel, for sure. Saying that I love to travel is a huge understatement. My favorite place so far has been Antarctica, but I’m willing to try to find somewhere more amazing too! (Although I think that would be extremely hard to top.) Also, we eat out a lot.

9. How do you approach investing for the future? What is your investing approach and strategies?

When I had a job, I started by contributing to my 401k – just a tiny bit at first. Then I very gradually increased the percentage until eventually I was contributing the max. I also contribute to an IRA where I invest in single stocks and mutual funds. Plus I have rental property. I try to minimize risk by investing in a wide variety of categories.

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10. What are your biggest professional mistakes?

As an employee, I would say my biggest professional mistake was believing that I’d be promoted and receive pay increases based on the quality of my work alone. It took me a long time to realize that if you don’t ask for the things you want, people will assume that you’re happy with what you have, if they give it any thought at all. As a small business owner, I’d say it’s been not working to promote my The Debt Myth and Pay Off Debt enough.

Read More: 5 Tips to Get What You Really Want>>>

11. What is your best professional accomplishment?

Quitting my job to focus on my own work 🙂 It took a long time for my husband and I to get completely out of debt so that we would be able to live on very little. (When you’re debt free, you don’t have nearly as many “bills”!) I still kept working after that though, because I enjoyed my job and the people I worked with. Then one day last year my husband lost his job, and somehow that seemed like the perfect time to me to quit my own job. So I went for it, and am happy I did.

12. What are your goals for the next stage in your career?

To help as many people as I can become debt free. I truly want people to know they can do it, and I want ot help them get there!

Read about: Personal Finance Luninary-Mike Piper of Oblivious Investor>>>

I’ve known Jackie for several years, and she’s committed to educate others to avoid the debt mistakes she’s made. Be sure to check out her website, TheDebtMyth.com and her Payoff Debt App. If you missed Part 1, you can read the Personal Finance Luminary interview with Jackie Beck here .

    2 Comments

  1. “Only spend money you already have.”

    If everyone could just follow this basic principle, we’d all be so much better off. Unfortunately we live in a world of super instant gratification, so the idea of “putting it off until I can afford it” is just unheard of for most people.

    Simon Nowak

    September 7, 2015

  2. Simon, I was one of the lucky ones. My folks were brought up during the depression, so instant gratification wasn’t even a concept in my home. We always had to save for what we wanted. This philosophy has served me well.

    Hopefully, Jackie’s story will inspire others! Thanks for chiming in.

    Barbara Friedberg

    September 8, 2015

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