March 10, 2020

When Can I Retire? | Tyson Koska from OnTrajectory

44 minutes

Today’s episode features Tyson Koska from OnTrajectory.

Tyson joined the Army when he didn’t have enough money to go to the college he wanted.

Later, he would end up with an English and Philosophy degree which didn’t land him a job.

He fell back on an old skill of programming and up-skilled his way into eventually making six figures.

Listen, learn, and let us know what you think about Tyson’s amazing turnaround.

Episode Summary

Tyson’s background

From a young age, he had jobs and tried to make his own money

His goal has always been to be independent

When it was time to go to college his parents offered to help

But for them to do so he would have to live at home

Instead, he decided to join the Army and became a helicopter pilot

Tyson admitted he made a lot of missteps when he first started working

He blew all his money and racked up credit cards

Reinventing and Up-Skilling

He left the military in 1992

In the end, he would end up in that little local college after all

Tyson decided to study English and philosophy

Those majors didn’t provide any job prospects

Tyson fell back on his old skill of programming that he learned at age 13

This spun into a job and a pipeline for up-skilling

Over that stint, he would climb from $30k income to over $100k

His income was increasing but so was his spending

Tyson says that was largely due to marrying the wrong person

Then we discussed what really flipped the switch for him

He recalls a friend who wanted to open a McDonald’s

His friend said he needed $100k to do so

That sounded like a ridiculous amount of money to him but inspired him

Creating OnTrajectory

Another big turning point was when his second kid was on the way

There was so much unknown and he couldn’t find a tool to help him plan for them

This need led him to build OnTrajectory

Now he sees both individuals and advisory firms using the tool

It’s also available for a free 30-day trial with no credit card needed to sign up

Then Tyson walks us through all the incredible detail you can get from the app

There are walkthroughs on YouTube as well as several guides

It’s a really cool tool that allows you to insert tons of complicated life events into your projections

Key Takeaways

Mistakes Happen: Tyson calls out several missteps but he learns from them instead of dwelling on them

Life is Complicated: OnTrajectory was born out of this idea to model all the crazy life events we can run into

Call to Action

Head on over to OnTrajectory to start your 30-day free trial and see what your plan looks like with all those important life moments.

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T’s Information

His Website: OnTrajectory.com

Via E-Mail: [email protected] or [email protected]

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By Cody Berman and Justin Taylor

4.8

296296 ratings