This week the guys are joined by a listener Corey to talk for a financial check up in our This Financial Life episode. They teach him how to make more money starting is own business teaching music.
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Corey lives in the Boston Area, and he sure is a hustler. He currently, works six different jobs throughout the year and has been saving as much as he can. One of his gigs is teaching private lessons on trombone, and he wants to expand that to make it a full-time business. Right now he has two students but doesn’t know how to grow it. On this episode, Andrew and Thomas will go through the steps of legitimizing and marketing a side project like such.
Corey neglected his finances for many years, ignoring his debt, forgetting payments and spending money recklessly. After spending the good part of his 4 years at college majoring in video games, parties, and girls, he left with debt, no degree and depression.
At 22, his financial situation was pretty bleak. He I spent a summer without a job making the debt and depression even worse. Corey ended up in a mental hospital over Thanksgiving weekend where he experienced a sort of a financial epiphany. When he was released, he knew he could never let himself get that low again.
Right now he is doing a 30 day money crunch so he can save a meaningful amount of money. What he is still struggling with is being too emotional about finances and getting too close minded.