Episode 13: Hunter Gore on The Military Millionaire Podcast

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Episode 13: Hunter Gore on The Military Millionaire Podcast

 

00:00 - 05:00

David:

What's up military millionaires. I'm your host, David Pere.

Today we have an exciting episode with Hunter Gore in which we talk about college and how to become financially independent and live a financially independent lifestyle while in college.

So this gentleman has a couple side hustles he's got some stuff going on. He's built up a large emergency fund while in college, and already set himself up for success above his peers. And so we're talking about money, tips and strategies that you can use to set yourself up for success even when you're in college, which is a place where a lot of people go and end up in more debt, rather than working towards financial independence, so be sure to stay tuned. If this is your first time listening. Thanks for joining the community. The podcast is put up every single week for your enjoyment. You can find show notes on militarymillionaire.com/podcast. Thanks for listening. Now relax and enjoy the show.

Intro:

You're listening to the military millionaire podcast, a show about real estate investing for the working class. Stay tuned as we explore ways to help you improve your finances, build wealth through real estate and become a person that is worth knowing.

David:

Hey, what's up everybody? It's Dave From military to millionaire. I am here with Hunter Gore. He is a sophomore at Clemson University. He is a realtor, a side hustler and he is barreling down the path to financial freedom.

And we've kind of reached out to me about a potential deal at one point in real estate. And we kind of worked through some numbers, it didn't work out, which is fine. I mean, that just means you didn't overpay for it. But he's been doing a lot on the side with the realtor side of things. And then social media marketing and stuff. And we just kind of thought it'd be cool to talk about his story. Because I realized that you know, I'm getting old now. So I can't relate to like a 19 year old sophomore in college who's actually learned about finances at that age, because I didn't I didn't learn about that till I was like 25-26. I was just an idiot blowing money on Harley's and stuff.

So it's super cool to have you here.

Hunter, go ahead and tell us a little bit about yourself.

Hunter:

Yeah, well, David, thanks so much, again, for having me on. It's a real pleasure to be able to talk to your listeners. And, you know, hopefully I can, you know, give them some advice or something, you know, that they can take in an extra part of their lives.

So anyway, I guess I'll kind of start from the beginning, I had absolutely zero concept of money until I was about the age of 14 or 15. This is kind of a long story. So I'll try to condense it as best as I can.

The story kind of starts back with my dad, my dad's a really awesome guy, I love him to death. But he didn't really learn about money at all from his family. And that kind of correlated into our family whenever he started a specialty compound in pharmacy.

So my dad started this compounding pharmacy, he was still working full time at the hospital, he would work nine to six, Monday through Friday, at his specialty compounding pharmacy, then he would be working on the weekends, like pretty much, almost 12 hour shifts on the weekends at the local hospital in town where I grew up. And so because of that, I didn't really get to see him that often. So I kind of have this, this part of my childhood that I mean, it's great because my dad had been, you know, able to, you know, provide all of our needs and stuff, but I never really got to see him.

So up until the point where I was about 14 or 15, our life had been pretty great. You know, I mean, dad had been making a lot of money, I didn't really know anything about it. But all of a sudden out of the blue. My dad basically gets a call from the I think it's the FDA, basically saying that some doctor is suing him, because he made a specialty drug and I don't know all technical terms in anything, but he made a specialty drug for some patient. Basically, the patient got infected. And basically the patient sued the doctor and the doctor said, oh, no, it's not my fault. It's the you know, you know, meds or whatever.

So anyway, my dad ended up getting sued because of that lost pharmacy and at the time, he was trying to expand the pharmacy and grow trying to develop the business and assets to be something you know, bigger and better.

At the time in order to expand, he had taken out right shy of about $300,000 worth of business debt. And so because you have to have a personal cosigner on the business debt, it was obviously signed to his name. So whenever the business fell apart all that money then went back on him.

So I really didn't have any concept of money before you know this, this kind of big falling out with this company happened. But my dad was out of work for about six months. And so you know, it was hard coming home from school, I would see him you know, just just trying to find work trying to, you know, find something to be able to come up with and make money. Without having to pull money out of savings in retirement and stuff.

05:00 - 10:00

Hunter:

So anyway, to make a really long story short, it's been a really unique experience to see that coming through on this side. My parents are really awesome, you know, most parents would get divorced, or you know, most married people would get divorced from that. But thankfully, my parents are still together. They're awesome. And I'm really thankful for all that they've done and given for me.

But that really big experience kind of shaped my view of money, and made me think a lot more about what I'm actually spending money on, how much I'm saving, do I need to take out any debt in order to get this asset to produce money for me? And so just kind of building off of that, I went into college, not entirely sure what I wanted to do with my life. I started out as a computer science major at Clemson ended up actually failing the class that in the first semester, absolutely hated it. So I ended up changing my major completely. I was like, okay, you know, this is over. And I was kind of debating between either computer science or finance, as majors going in just because of what my family had been through, and my kind of eagerness to learn more about money so that, you know, something like, that wouldn't happen to me or well, not that we can control everything but but to limit the risk of something like that happening to me.

So because of that, I was like, okay, you know, this computer science thing isn't working. So I switched over to finance. And ever since then, I started reading a book, obviously not required by school or anything, but it's a book, I think a lot of people hopefully, I've read, if not, I'll definitely consider reading it. It's Rich Dad, Poor Dad by Robert Kiyosaki. It's a really great book. And in the book, obviously, it talks about so many different topics from, you know, the difference between the rich and the poor. You know, how to build wealth, what real estate is, it talked a little bit about taxation, some side houses and stuff. But basically, the book helped transform my mindset from the stuff that I had learned going through watching my dad's business crumble and watching them, so having to pay off debt, to just help him to continue to grow my, my, you know, just thoughts and, and the way that I've viewed money to this day.

So that's kind of, I guess, my background and my experience with money, that, and I personally believe that heavily plays into the decisions that I make today, the investments that I make today, the way that I structure my life, to make sure that you know, I can I can provide for myself, you know, we're dwelling and that, you know, I can end up trying to live at my risk later on down the road.

So I guess with that being said, I'm 19 now, that event happened about four or five years ago, so it's a little on passes, but um, you know, so learning lots from it, I've thankfully been able to save up an emergency fund in college, over the past four months, actually, which I think is something really, really unique. I know a lot of college students can't necessarily say that not not not trying to brag or anything, but I think it's just impressive to be able to save money in college regardless. But yeah, I've been looking into a couple different side hustles to start saving more money for real estate investing. And just for you know, any other type of, you know, emergency or any other type of investment, whether that be real estate, it could be, you know, stock market, something like that in the future.

But yeah, I've kind of been exploring the realm of side hustles, particularly with social media marketing. David, I know, you mentioned that in my bio earlier. And then I am also in about two or three weeks, I should be a fully licensed real estate agent in the state of South Carolina. So I'm almost there. I've got to go back and retake the state portion of the test. But I'll do that and apply and stuff and it should be good to go. But yeah, I'm looking to, to get rolling here in 2019, being a realtor looking to pay off the rest of my school by being a real estate agent. And so yeah, I mean, just last look forward to and I appreciate you having me here on the show, David.

David:

No, absolutely.

So I think the realtor thing we kind of talked about that previously. And that's a good side hustle. There's a lot of guys successful. And the cool thing is that being a college student, you can, you know, like to focus on that for you can really hustle during the summer. But you can do very well in real estate. And then even when you're like a full time student, you know, during school school time, you could if you're too busy to take on a client, you can refer the business out to someone else. And so make a split of the commission. And that's more passive. And we can talk about that in a little bit. But I'm kind of curious to hear like, what kind of social media marketing are you doing? I guess, like a niche that I have stumbled into as I'm having to learn how to grow my stuff, but it's intriguing to me.

Hunter:

Yeah, great, great question.

So I primarily like to work with people who have small personal brands, like yourself, or they could do a lot of network marketing, fitness, what have you, or I'll work with very small companies who are looking to grow and increase traffic. Either from, you know, social media onto a website or from email marketing campaigns onto a website to increase sales, to increase more personal coaching sessions, you know, whatever that the the need for the customer or client might be, and really just just trying to make sure that, you know, we're able to, to kind of build like a funnel almost, you know, we're, we're taking all the basic social media stuff is up here, you know, you have a lot of a lot of different data points for a lot of different customers of all, you know, niches and groups, and trying to bring that in, funnel that down here to how could we get that into a business? How can we create customers out of that? How can we, you know, create relationships from a customer standpoint, to a business standpoint.

10:00 - 15:00

Hunter:

So that's, I guess that was kind of a really broad sense. But I'm really just trying to make sure that we're using social media as it's starting to, to continue on the trend of having more and more users each year, especially in 2019. Just making sure that we're able to utilize all our resources, especially with email marketing, to those that's, that's something that's very useful for generating leads and, and coaching clients and stuff. But being able to generate that into sales ultimately.

David:

Are you? Is there a certain platform you're working with? Specifically, do you have like Instagram, Facebook, the mix? Or is it like, specific to one?

Hunter:

Yeah, so I actually have and not to give too much details on what I'm doing with software. Just because sometimes, you know, I don't have liberty to give out that software names and stuff. But I've, through the software, I'm able to integrate with platforms like Instagram, Facebook, I can even do Twitter, LinkedIn, there's options to do YouTube, it's a little harder to do social media marketing through YouTube, unless you're just kind of posting content there.

But you know, you can do things like Pinterest, Tumblr, I'm trying to think LinkedIn mentioned that one, but I mean, pretty much all of the bigger social media, with the exception of Snapchat, snapchats, a little different animal, then certainly Instagram and Facebook ads, Instagram and Facebook are primarily becoming two of the bigger lead sources for new customers and clients. Really, really just trying to figure out whatever the customer's needs aren't, and see how we can best address that and end up driving traffic to them.

David:

Yes, snapchats, definitely a, I've been trying to mess around with the business platform, but it's just, I don't know it, it's, it's not as easy to integrate to take, it's much more of an intentional thing, like you actually have to, I don't know, I'm not as much of a fan. I haven't actually published an ad on it yet. Just because every time I try to go through the process, it's just kind of annoying. So I end up just going back to Instagram. And plus Snapchat is, it targets a much younger audience, then? I mean, I have a young audience, but not, not like, I mean, in Snapchat, you can be tough, you can be hitting like, teenagers and high school kids in junior high or whatever, like people, all kinds of people have not yet and I'm like, I don't need a 13 year old to be reading my stuff. So it's not super important to me.

That being said, I like that you touched on LinkedIn. Because that's a social platform that a lot of people don't think of as a social platform. They think of it as where you go to find a job. But the reality is that you can do very well on LinkedIn as a social platform. It's just a different demographic and a different style of what you're, you know, posting, I won't go on LinkedIn and post like the outfit of the day, you know, I'll go on LinkedIn and share a video that I made interesting blog posts, or whatever. And it does pretty well.

Hunter:

Yeah. And, David, I, I'm glad that you mentioned that. LinkedIn is really something I've been trying to incorporate more, especially with my personal brand, as I'm trying to get the word out more. But in my opinion, what I've seen is that LinkedIn is very similar to Facebook, in the way that it loads, news feeds, and you know, are different articles that people are sharing, but it's almost like you're, you're taking Facebook, and basically adding a whole entire business side to it. And that's basically what LinkedIn is, you know, you're able to post content that would be related to your personal brand, to a small business that you have, or even a big business and you're able to let your network you know, your other friends who might be in the same market or in similar markets, just to be able to get the word out about what you're doing is kind of share it and grow your network that way as well.

David:

Awesome.

Hunter:

Yeah.

David:

Alright, so let's see here. Um, so I guess my first question I'd probably want to touch on with you since you're on the financial independence journey, but you're also in college, which a lot of people find, I mean, you know, we hear all the pros and cons of minimum rate wage and everything. You know, my argument is generally that your income isn't your problem, it's your expenses. Well, that's not always true. I mean, obviously, you can't get rich on $20,000 a year. But at the same time, you can't get rich on 100 thousand dollars a year if you spend it.

15:00 - 20:00

David:

So what would be like your advice? I guess for you, I would say for a peer like someone, you know, freshmen, sophomore college that's looking to not come out of school with hundreds of thousands of dollars in debt. And I mean, we can touch on student loans, but like more what you do with the money to make it, you know, wherever you want it.

Hunter:

Yeah, sure. I'm glad you asked that, David.

Honestly, I feel like this could even apply to anybody who who's even in high school, they might be listening or anybody who's in college, grad school, whatever, I think the the most important thing is to make sure that you have a job, I've noticed that a lot of people in college do not have a job. And honestly, I think that that is not the smart way to go.

For me, I didn't have a job at all last year, freshman year, so I started having a job this year, honestly, I've seen my grades improved slightly, it's not about a huge improvement, but they have improved some because it's, it's forced me to have more and better time management. I know a lot of people, especially my generation don't have a lot of time management, because you know, there, there's a lot of lack of concentration, you know, with new improvements in technology, you know, so many people are addicted to their phones, or, you know, however you want to put in phrase it there, there's a lack of attention span there. And so I think having a job in college really helps you to be time oriented. And to have much better time management as to when you need to study when you need to do work, when you need to hang out with friends and socialize when you need to have time, stuff like that. So I think that's been definitely very, very important to me.

The other thing I would say is that definitely utilize any kind of financial aid you can possibly get. I know a lot of colleges, states and even the federal government will give certain financial aid based on, you know, maybe parents pay, you know, for whatever they make a W2 or job or whatever, through the FAFSA, there's lots of different financial aid, you can just get through the university, there's different private funding.

So I mean, I definitely say try to utilize those resources, if you can, but ultimately, at the end of the day, just get a job, and make sure that you're consistently saving your income. Now I have my own apartment, it's off campus. And so I have to pay some for rent, utilities, stuff like that food, gas.

So I have worked on getting it better. But I started at about a 25% savings, right? I built it up to where I average anywhere between a 40 and a 50% savings rate, which I mean, it might seem really, really, you know, kind of crazy, but I mean, I don't spend that much money on food. I mean, I might spend maybe, maybe 100 bucks on food a week, it's probably more like 75. And just because, you know, I live around a college, I don't have to drive around a lot. So I mean, I might fill up with gas once a month, you know, that might be 40-50 bucks a month. I mean, the rest is going to utilities, which you know, there are obviously articles and stuff, you can figure out online how to limit utilities, and then, you know, you have fixed expenses, like rent, but I mean, ultimately, it's just like, how could you sit there and cut your expenses, you know, how can you still live the life you want to live, so have the things you need to have, make sure that you're cutting out everything you don't need to be spending money on.

So like I used to be, and you know not not to put this in a weird frame why but I used to be, you know, really into shoes, and you know, making sure that I looked good was the best dressed. And that especially played in coming through from high school on into freshman year of college. And I went back and tracked how much I spent on, you know, clothes and you know, trying to look good and impress people freshman year of college, just over a, I think it's like a nine or 10 month period, I spent about two grand on stuff that whole entire freshman year.

So I mean, you know, it's just crazy looking back, you know, like if you just change the way that you view money, and you know, in terms of having to spend it because like if you spend your money on you know clothes or something, you're delaying yourself, but you know, financial freedom, so many years down the road, or you're delaying yourself saving up for your goal of your emergency fund, you're saving up money for a down payment on a property. I mean, if you think about it, most college students are going to end up buying a property within the next three to five years when they graduate. And it's really hard if you don't start saving now, I mean, you know, because whenever you get out on your own and the first year, you're probably going to be making a good bit of money, and you're probably gonna blow a good bit of money, you know, just because that's the first time you've ever really had money.

So it's important to get instilled in you early on the habits of saving, you know, even if you don't save more than, you know, 20% I mean, you know, there's there's different ways you can break down like how much you should be saving based on how much you make, and you know, where you want to be all but ultimately is just, you know, how can you cut down on your expenses, how much can you save, and how much can you put toward your future.

David:

Yeah, and I think 50% 40-50% is reasonable. A lot of people think, you know, and I mean, obviously the 40%-50% depends on your expenses, but I mean, yeah, we're putting away 45-50% right now and i and this is just, I would assume does your I guess Before I say this is your hundred bucks a week for food? Is that kind of including, like when you eat out once a month once in a while?

20:00 - 25:00

Hunter:

Yeah.

David:

Yeah, because that makes sense. Because I was like, Holy smokes, I'm doing amazing.

So we are a family of four. So I have a 2 year old and a 10 year old. And in Hawaii, where prices are outrageous, even though it's a little better on base, but I mean gallon, a gallon of milk is still like six bucks. Or even though it's off base, it's like 8 or $9 It's insane.

Hunter:

Oh, wow.

David:

Um, we budgeted, we changed our budget around like three months ago, and we budgeted $400 a month, 100 bucks a week for food. And I have been able to save at least $100 of that at the end of every single month.

So we're spending like $300 a month on food. But that's not including the dining out. We gave ourselves like 50-60 bucks a week for eating out. But man like yeah, you're right. Like that's, and that's like those two things. And whenever I hear people talk about how they don't have any money, I'm always like, okay, like, the first thing I do is I'll look, I'll be like, huh, name brand clothing. And then the second thing I'll do, and I say this wearing a super fancy looking Hawaiian shirt, but this is like $10 at Ross. So you know, not too bad.

I think the first thing I do is I asked him, well, how many pairs of shoes do you own? You know, all those questions. And I'm like, Okay, well, how much you eat out. Because especially if you're a single guy like a young marine. If I tell you already, like you eat there for free, it's already out of your paycheck as like this untaxed benefit.

So like, when people tell me they eat out three times a week, five times a week, I'm like, you know that you could literally eat breakfast, lunch and dinner seven days a week, for free. Right? Like, well, it's not the best food. Like that's not the point. The point is, you could be saving all this money, and you could eat out once a week and holy smokes. And then the other one, and this is the one that so yeah, like clothing is a huge one. You know, nobody, nobody really cares.

Hunter:

Exactly.

David:

What they do. I mean, people care. And it's a big one. But like, you can't look rich. If you want to be rich, you gotta get to, you got to save the money, and then the food. And then the other one that I see all the time. And I'm sure this is just as bad in college as it is in the military is the booze and smokes. Like, if you're not of age, play that card and be like, not old enough to buy it. Sorry, I can't participate. I can't give you money, you know, whatever. And then if they know, if you're gonna drink it under age, I'm not going to advocate for that. But if you're gonna drink it under, at least you're not paying for it.

Hunter:

Exactly. Exactly. Yeah.

Yeah. I mean, you definitely see that in college, like I like I mean, I, I'll be the first to say I don't drink and I don't really plan to drink. I mean, that's, it's never really been, you know, something that I've been interested in.

But I mean, I've tons of buddies who would go blow anywhere between, you know, 100 to 200 bucks, you know, at a bar just buying, you know, alcohol for people, you know, or even themselves, you know, I mean, it's, it's just crazy. You know, I mean, you could take that, and, you know, that's definitely one night, you know, it's, it's just crazy. But um,

David:

Yeah, yeah.

Hunter:

Yeah,

but um, I didn't want to go back to what you said earlier about food, I think is it's been really cool to kind of look back over the past six months, at how much I spend on food, I've noticed that whenever I don't meal prep, whenever I just very casually go out to the grocery store and buy stuff. Whenever I don't ask you to write down what I need and don't need, there will be a lot of times when I'll be like, Okay, why didn't go buy this at the store. And I don't feel like going out to the store. But I'll just, you know, run down to Chipotle a Mo's or you know, whatever kind of fast food and just go by, you know, $10 worth of food, when if you bought $10 worth of groceries, that equals at least typically anywhere between, for me at least three and five meals, you know, depending on what the item might be, you know.

So I, that's something that I found very helpful for me is to meal prep, you know, not only is it typically more healthier, but it will also hopefully save you money, especially on your groceries.

David:

Yeah, absolutely agree.

All right. Let's see here. And before I get into that question, I guess I've asked because we're talking budgets, which is such a boring subject for so many people, but like, what advice would you give on budgeting? Like, I'm not gonna, I don't want like, you know, like, not a 20 minute like, detailed pull out your spreadsheet and walk me through your numbers, but like, you know, what, do you what would you tell someone if they asked like, well, how do you budget for your money?

Hunter:

Yeah. David, that's a great question.

Actually. Funny enough, I just wrote a blog post about that. I can't I can't remember if I already posted it. Excuse me or not, but the biggest thing that I've seen especially listening to a lot of BiggerPockets is I'm a huge fan of their podcasts and their money podcast as well as I keep seeing a very recurring theme and the recurring theme is to track your spending.

And if you actually sit down and track your spending on what exactly you purchase, it'll help better correlate you know, as to like, what do you spend money on yearly because, you know, like, obviously, there are certain things I spend money on each month and then all of a sudden now have a random recurring charge, you know, like, the beginning of September I'll get charged for Amazon Prime, you know, now get a 57 you know, whatever the charges, you know, and don't get a random charge in July for something you know.

25:00 - 30:00

Hunter:

So it's just being able to track those a whole entire year. And then deciding what you need and don't need and cutting out everything you don't need. And that'll hopefully free up a little bit more money that you can put towards savings. And then just trying to find other ways you can sit there and cut down on, you know, anything else that might remain there.

So I honestly, that's probably my biggest piece of advice would just be to make sure that you're tracking your spending. I don't know if there's a really good app on your phone for that. Actually, funny enough, I was listening to the BiggerPockets money podcast this morning. They were talking about a very similar topic. And, and they said that there was somebody who did a Google form, and whatever they put in the Google Form, and they submitted on their phone, it automatically went into a spreadsheet and showed them you know, based on, you know, whatever category, they selected, how much they spent money on. So you know, like, if they went out to eat, they spent, you know, 30 bucks out to eat at a restaurant, they could track that, you know, see that at the end of the month and be able to track their expenses that way.

So, yeah, I mean, that's, that's probably my best piece of advice on budgeting.

David:

Yeah, I think that's it's very easy to lie to yourself about what you're spending money on, especially. And it's honestly easier when you have a family because, you know, it's like, oh, yeah, we spent 30 bucks out to eat when I was like, 50. But you know, we did whatever. And I didn't track for a while. And I thought I was doing really good with my budgeting. And about five months ago, four months ago, I sat down and redid my budget and got serious. I actually did the whole like, you know, envelope full of cash type of thing where I like, leaving my credit card in the house. And the only card I have with me is my business card. And trying to be very intentional about it. And like holy smokes, I added 20% to what I had been saving, I mean, I legitimately was able to increase my allotment to my retirement fund by I think I jumped it put in 22%, right, I probably jumped to 12% 12 or 13%.

And then I also increased like another 500 bucks a month going into the business account. And all of that is just because I was legitimately buying, like, Ooh, yeah, that'll be a useful click, you know, on Amazon, or, or going to Taco Bell or whatever. And as soon as we set it down and started tracking what we were spending on, it doesn't even have to be like, I mean, I would recommend tracking every day. I'm not as good about that. But even if you just started your budget by looking at the last month and saying like, what am I spending just last month, okay, well, holy crap, I don't need this, this this and just, like shrunk it down a little bit. You'll save money, even if you're not strict about it. And we still have like, I have an envelope for entertainment slash beer. You know, if I want to buy beer, I do buy beer, but I just not as much as I once might have. But yeah, that's probably for the better. So yeah.

Hunter:

Yeah. And I, David, I think it is a really good point to know that you can still buy things for yourself that you enjoy. Just whenever you're cutting back, you're cutting back on things that you wouldn't normally need that you happen to spend money on anyway, you know, so it's, you know, even if you want to go buy, like, let's say a nice, luxurious car, they talk about this in Rich Dad, Poor Dad, but you buy the asset first and then let the asset buy the liability, the you know, luxury car, whatever.

David:

Absolutely.

Hunter:

That's kind of getting off from budgeting, but you know, just just coming back to the point that you can still have nice things, you know, you just make sure that that's not a constant recurring expense, or that something that you you know, you that will absolutely help you benefit you or make you happier.

David:

Yeah, 100% agreed.

There's a lot of ways to make it work, if you're smart about it, things are just being intentional. And then understanding that the goal is to be rich not to look rich.

Hunter:

Exactly.

David:

I think that's huge. In fact, I almost did a YouTube video, but I decided not to because I thought that it was gonna, I figured that the it was a polar polar polar polarized enough polar, if ik enough that I don't know, if I wanted the attention I was gonna get from it if it went viral.

But the title was going to be something to the effect of like, what rap teaches about money, and it was basically going to just like go through and post videos of guys who might have made it in the scene already, or might not have, but are wearing like $20,000 worth of crap, or have, you know, a million dollar car and this any other and like showing like, well, this is what it's like, it's all about consumerism and just saying, like, look, these guys may have made money. But whether they did or not, they're showing you this wonderful world and just talk about the conception or the misconception that is like looking because we all know that guy looks like he's got it all together. And then he doesn't, it's just like it's show. That's and that's, you know, there's a bunch of good books out there on it, but like holy smokes people spend so much money trying to impress other people. There's what's the quote, I can't remember who said it, but we spend our entire lives spending money on things we don't need to impress people we don't like..

Hunter:

We don't care, about.

David:

Yeah, and it's like, yeah, yeah, that's true.

30:00 - 35:00

Hunter:

Yeah, I mean, it's definitely a very accurate quote. And honestly, you see that so much in college and I mean, people, people will, will try to, you know, eat at the nice restaurants just to make it look like they have money, you know, or they'll, you know, spend money on clothes they don't need or, you know, go out to, you know, do do whatever it takes.

I mean, I honestly, I see so many of my friends taking, you know, random trips out, you know, in my in like these insane places that like I don't even see most adults taking trips out to you know, it's like, random places in the Pacific, you know, like exotic islands like to like the Caymans and stuff. It's like, who actually does that? You know, but, you know, college students, so.

David:

Yeah, I tried to. And I've been the guy who's had the fancy cars, and the motorcycle and got the tattoos and I've been there and I've done that, and I got all the guns. I've not was not always been decent with my money. But now I try to live by the mantra of like, look, if I get rid of this car now, and I'm smart, and I struggle through now, then 10 years from now I have a nicer car.

Hunter:

Yeah.

David:

Yeah. And it'll be more affordable. So.

Hunter:

Exactly.

David:

It's all about mindset.

All right, so we're going to transition into the next question, which I like to ask, which is like, what is one resource, course, website? Whatever that you recommend anyone getting started, you know, finances or just advice in general? You mentioned the BiggerPockets money show?

Hunter:

Yeah.

David:

Go ahead. And don't mention that again, cos it’s a good one.

Hunter:

Yeah, it is.

Um, I feel like this has mentioned a lot. This is more I guess, specifically for the FI community, but mister money mustache.

Blog is a really good resource. I mean, it's, it's probably mentioned by tons of people and tons of different podcasts and stuff. But I mean, it's, it's really good. It covers a lot of different topics, you know, you can get into budgeting, you know, or really anything, I guess, to go back bigger pockets itself, not necessarily the money podcast, but bigger pockets is a great place to learn about real estate specifically, and how you can use the investment of real estate to really be a catalyst in your life to create that wealth that you're looking for. So that's a really good resource. I'm trying to think, I don't know a lot of things that are necessarily like online blogs or anything else besides those two, those two kind of just pop up is, first, I would definitely suggest reading. I've been very diligent about reading this year, I've read well, I've read about 13 and a half business or finance, specifically related books. And I would definitely say that's really kind of helped spurred my thinking into more the FI direction, you know, trying to incorporate some different side hustles trying to think of different ways I can scale back my expenses, how I can say better how we can better budget, I definitely say reading probably first and foremost helps with that. And there's obviously tons of different books I could recommend to you on that. So.

David:

Yeah, readings, huge. I mean, I always say the best investment is investing in yourself, at least before you start investing and stuff. I like mister money mustache, and I like the fact so was Pete Adney, I think is his name. I'm adding this up. So if I did, I'm sorry. But that's a guy who's doing very well financially now with no job, his blog does well, his platform, as well as courses do well, like everything does very well. And the guy still rides his bike. everywhere he goes, like you want to talk about somebody who's living what they preach, guys doing quite well. And he's built a huge nest egg. He's totally retired. He just does whatever he wants for fun. And he still lives very frugally. And I would rather have that where you're designing your lifestyle and able to do things but not necessarily driving the Bugatti then you know the guy who drives a Bugatti but can't go on vacation, which Bugatti is high enough prices probably should be people who can afford one and not a vacation. But you know what I mean.

Hunter:

Yeah, yeah, no, I mean, it is definitely the idea that you can not necessarily control your life, but you can control your schedule, you know, you can control the things that you do that will ultimately bring you the most happiness, you know, the most satisfaction from doing so. I think that's good, you brought it up.

I do want to go back as you mentioned earlier about self improvement and invest in yourself. I I did I don't know how many listeners you have, who might be, you know, teens or 20s or I guess really anytime in their 20s even on up to their early 30s I would definitely suggest heavily investing in yourself and in your personal education, personal development, you know, whether that's reading, whether that's going to seminars going to like you went to fin con, trying to you know it in any other course you can take, you know, something that will just benefit you long term because with you just investing in yourself, you're going to see so many returns so many years down the road that you won't necessarily see right now.

30:00 - 37:50

Hunter:

So it's not really an investment for now it's more an investment for the future for the long term. And I know there are people like Grant Cardone, who really preached like, invest in yourself, invest in yourself, invest in yourself. And I know there, there are many other people who kind of preset as well. But honestly, that would probably be one of my biggest pieces of advice outside of, of, you know, looking into real estate or you know, starting side hustles is just investing in yourself, you know, I, at the end of the day, you are your biggest asset.

David:

I agree.

Yeah. And the earlier you do that, the more it'll compound everything in. I've read a ton of books in the last few years. And it's, that is what changes the mindset, that's what gets you. You know, I mean, like, you can spend a whole lifetime trying to learn stuff, or you can read a book and learn from somebody who spent the whole lifetime learning stuff.

Hunter:

Exactly.

David:

And I think that's a huge way to a huge force multiplier, as we call it.

All right, so I'm gonna use that as your, your parting idea of big advice, because that was, I mean, that's, that's everything you could ever ask for.

So Hunter, where can people get a hold of you if they're trying to get a hold of you?

Hunter:

Yeah, sure.

So I have a website and a podcast, well, blog and podcast. It's www.thefinancialhunter.com.

David, I, I can send you the stuff to put that in the show notes. And then you can also find me on Instagram, @theFinancialHunter, love to connect with you feel free to shoot me a message, you know, we'd love to chat with you see, you know, how, how I can help you, you know, and see how, you know, we can, you know, end up conquering our goals and push them forward. So.

David:

Yeah, if you wanna shoot me that in an email, and I can't believe we're still recording, but I thought I need a photo of yourself, thumbnail. Also, and I want to link to this in the show notes. So that's why I'm saying that on the recording.

Can you send me the blog post, specifically as an additional URL? So once it's scheduled or not, you know, this will probably come out, before it posts. But I'd be really curious to send the readers to your post on budgeting. I think that'll be very beneficial.

Hunter:

Yeah, I appreciate that. I'll definitely send that over to you.

David:

Awesome. Sounds good.

Well, Hunter, unless you got anything else, I think. I mean, people probably don't know that we actually recorded for you before this. So we've been on the phone for basically two hours now.

Hunter:

Yeah, 2 or 3 hours.

David:

And I'm sure one of us needs to eat.

So I think it's been swell. And I look forward to staying in touch. And we'll have to do another one of these later on down the road and see where the financial independence journey is taking you and then see how the realtor stuffs going.

Hunter:

Yeah, for sure.

And David, thank you so much for having me on. It's been a blast. And I definitely hope that I was able to impart some knowledge to your listeners.

David:

No, I think this will be beneficial. I like finances, and I focus a lot on trying to find real estate guys and I talk about finance and stuff. But I forget like, I can't relate to the freshmen in college right now. I'm the old geezer with the mustache. Not as always, I look at everybody.

Awesome. Thanks, brother. Have a great day.

Hunter:

Thanks so much, David. You too.

Hunter Gore on The Military Millionaire Podcast

Episode 13: Hunter Gore

Hunter Gore is a Sophomore at Clemson University, side-hustler, and barreling down the road to financial freedom!

At age 14 Hunger learned first-hand what a lawsuit could do to your financial status. This changed his money habits so much that he has been able to save 50% of his income while at college. While most college students are out partying he is attaining his real estate license, running a social media business, and networking with real estate investors!

His advice to fellow college students:

Get a job! He got a job after Freshman year, and noticed an improvement in his grades, finances, and overall well-being. Having a job forces you to learn time-management while at school!

the resource he recommends is:

https://www.BiggerPockets.com/ (specifically the Money podcast)…and https://www.mrmoneymustache.com/

His big idea/parting advice is:

Track your spending and budget accordingly. Buying expensive clothes, and eating out doesn’t help you long term. Don’t blow your money, think of the opportunity costs and save to invest!

Here is the link to His budget article: https://thefinancialhunter.com/2019/01/07/you-should-be-budgeting-and-heres-why/

If you want to reach out to Hunter you can find him on Instagram @thefinancialhunter or on his website https://www.thefinancialhunter.com/

SUBSCRIBE: https://bit.ly/2Q3EvfE

Blog: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/frommilitarytomillionaire/

Audible: https://amzn.to/2K0wzxL

Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

Books I recommend

First read: https://amzn.to/2KcTEww

Real Estate Investing: https://amzn.to/2ltPRNm

Real Estate Investing: https://amzn.to/2yxFBNf

Real Estate Investing: https://amzn.to/2IhQ1QI

Building Wealth: https://amzn.to/2ttiwpf

Efficiency: https://amzn.to/2K1eRdy

Efficiency: https://amzn.to/2yvuu7K

Negotiating: https://amzn.to/2tmCyT7

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David Pere

David Pere

David is an active duty Marine, who devotes his free time to teaching personal finance and real estate investing for service members, and the working class!

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