Ryan Twomey joins us today to share his journey from growing up in a middle-class family in Massachusetts to pursuing a career in finance and eventually starting his own real estate company. He talks about the challenges he faced in his early career and how he had to move back in with his parents due to financial difficulties. Ryan emphasizes the importance of financial literacy and saving money, which allowed him to buy his first property at the age of 24. He also discusses the benefits of house hacking and how it helped him build a stronger financial foundation. Ryan shares the story of how he and his friend purchased their first property together, a triplex, and renovated it to live for free while renting out the other units. He advises young college graduates to sacrifice for a year and save money before making big financial commitments.

 

In this episode:

 

00:00 Introduction and Background

01:16 Growing Up in Massachusetts

06:16 Living in Massachusetts and the Benefits of Community

08:44 Overcoming Financial Challenges and Changing Mindset

11:41 Taking Control of Finances and Building a Stronger Foundation

14:13 From Poor Choices to Financial Success

16:02 The Power of Sacrifice and Discipline

23:42 The Importance of Financial Literacy