Saying Goodbye to Gambling & Finding Financial Freedom with Ambus Hunter
Listen now
Description
Ambus Hunter grew up with a fair understanding of how money works. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt. His first job was with the Department of Defense, making a decent salary for someone who had just graduated from college. He started saving his money, like a good FI-devotee does, but his story takes a sharp left turn. Ambus discovered gambling. At first, he was winning. (That's how it goes with gambling, right?) But then his "luck" changed. Because that's also how it goes with gambling, right? Ambus chased his losses, and ended up wiping out his entire savings account. That was when he knew he had to stop cold turkey. He then threw everything he had into building his savings back up, taking on extra jobs, living with roommates, and cutting out everything unnecessary in his life. In one short year, working nights and weekends, spending as little as possible, and throwing every dollar into his savings, he made it all back. Now Ambus helps guide others on their own path to financial literacy through volunteering and through his own coaching programs. Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 10 with Liz ThamesBiggerPockets Money Podcast 143 with Shannon GauthierHow Gambling Away My Savings Strengthened My Relationship With Money
More Episodes
Published 05/10/24
Think it’s too late for early retirement? Do you feel like just because you’re in your late thirties, forties, or fifties, FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds by retiring over fifteen years early, all while raising her daughter on her own...
Published 05/10/24
Personal finance doesn’t have to be complicated. Saving, investing, and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re doing personal finance for beginners FAQ episode, where we take some of the...
Published 05/07/24