Welcome to another episode of "Your Everyday Rich" podcast.
Jason recently chatted with his friend and fellow stock trader Ron Esteban. As an educator and teacher of 20 years, he realized after speaking to other teachers that there had to be something more to building his Everyday Rich besides just relying on the golden handcuffs of a pension.
After a fateful conversation with a banking mortgage advisor, he went down the rabbit hole of real estate investing and leveraged his expertise as a teacher to buy not 1, but 5 student rentals within 2 years. How better to understand students' needs than by working with them everyday!
Did we mention that, after real estate, he went down the rabbit hole of stock options trading and ultimately made LIFE CHANGING money (we’re talking WallStreetBets money)?
Seeing his parents focus mainly on saving money versus investing it, Ron shares his deeply rooted money script story and how he ultimately flipped his own script by fully immersing himself in whatever investment strategy he felt comfortable with at the time.
Jason also discovers and joke about a common therapeutic hobby with Ron…their obsession with lawncare. Turns out they are both big lawncare geeks, go figure.
And stick to the end, we got the infamous YER “Crazy Rich Asians” culture rapid fire session with Ron and you’ll get a good laugh out of his responses.
Why do these conversations matter? They matter because these convos are happening behind closed doors and we want them to be front and centre so you can be empowered to achieve financial success. You don’t know what you don’t know but we are here to change that and provide you with the info, insight, and tips you can use to make the best decisions around your money and investing so that it is built around Your Everyday Rich life. 🚀
In this episode we chop it up about:
Growing up under the religion of “saving” money
Realizing the limitations of the Golden handcuffs with a pension
Hustling at Home Outfitters while teaching to meet ends meet
How a suggestion from a banker got him into real estate and student rentals
Buying his first stock while on a road trip, and seeing it go to zero
Making LIFE CHANGING money trading stock options
His wild obsession with lawn care
Infamous YER ‘culture’ Q&AConnect with Ron on social media and the web:
Ron’s Instagram: https://www.instagram.com/ron.est.113/
Follow Jason and Jenn’s social media:
Jason’s Instagram: https://www.instagram.com/mrjasonkao
Jenn’s Instagram: https://www.instagram.com/jennfahh27
Your Everyday Rich instagram https://www.instagram.com/youreverydayrich
Youtube: https://www.youtube.com/@youreverydayrichDM us or leave a comment to get exclusive access to our NETWORTH calculator! 📲📩⌨️
Apple: https://podcasts.apple.com/us/podcast/your-everyday-rich/id1676179014\
Spotify: https://open.spotify.com/show/1JHf9dfrh1xrQ8on5sPQIg
Shout out to our good friends at Plantwell Inc, a family-owned and operated business located in Milton, Ontario. Plantwell is not your average grow store.
As passionate growers, Plantwell is the destination for a hobbyist of any growing experience to achieve their gardening goals! Looking to provide you with the essential products and equipment to help you become the best grower you can be!
Check them out online www.plantwellinc.com and on Instagram @plantwellinc
Your Everyday Rich Podcast is presented solely for general informational, educational, and entertainment purposes. Any such information or other material referenced in this podcast should not be construed as legal, tax, investment, financial, or other advice. It is not intended as a substitute for the advice of a qualified professional.