How This Single Man Went From a Net Worth of NEGATIVE Six Figures to a POSITIVE Six Figures

On today’s episode of The His & Her Money Show, we talk with Lawrence Gonzalez about building a comprehensive wealth that builds a new family legacy.

In the pursuit of a good career, Lawrence’s net worth was a negative six figures. With hard work and plan that started with an embarrassing credit card moment in the store, Lawrence is pulling himself out of debt and has a positive, 6-figure net worth.

On top of that, Lawrence is using the lessons and experiences from his childhood to maximize every cent of his money through a variety of tools including Health Savings Accounts (HSAs), 401Ks, rental income, house hacking, and more. 

 

WHAT YOU WILL LEARN

• How Lawrence moved from a net worth of NEGATIVE six figures to a POSITIVE six figures
• The wake-up call moment that pushed Lawrence to take ownership of his money
• The sneaky little financial habits that were destroying Lawrence’s money goals
• The steps Lawrence took to start taking ownership of his money
• How Lawrence ended up moving from an estimated $20,000+ salary to $64,000 in a year
• The importance of mindset when you’re making financial moves for the better
• The lessons and experience Lawrence used to help him today
• Why personal finance should be about YOUR personal finances
• What is a “Net-Max” plan?
• Why we should prioritize our money to fit our definition of happiness
• Finding ways to increase savings with the money you already have
• How Lawrence is using rental income to fund his mother’s retirement  and change his family legacy
• Lawrence’s secret strategy for real estate investment
• The triple tax advantages of HSA’s

 

RESOURCES MENTIONED

• Toastmasters International 
• What is an HSA? (NerdWallet.com)
• What Is a 401(k)? (Washington Street Journal)
• What Are the Differences Between SSI and SSA Benefits?
• Cozy (rental app)
• What Is An HSA? Health Savings Account Tax Advantages Draw Fans
• Lawrence Gonzalez on LinkedIn
• L’Union Suite

 

Today’s show is sponsored by Legal and General America. Legal & General America makes understanding and applying for life insurance easy. Also, agents are standing by to help you determine the best coverage to fit your family’s needs.

Visit  HisandHerMoney.com/lgapodcast to get started on your journey toward financial wellness.