MI323: CREATING A WORK OPTIONAL LIFE

W/ RACHAEL CAMP

30 January 2024

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Rachael Camp who is a Certified Financial Planner to talk about how to create a work optional life. You’ll learn what Rachael’s first steps and questions are to her clients, how she manages her own financial life, what the biggest mistakes people make with their finances, her thoughts on renting vs.  buying, and so much more!

Rachael is a Certified Financial Planner and owner of Camp Wealth where she helps high-earners and business owners build a preserve wealth. She is also co-host of The Work Optional podcast and lives in Denver, Colorado.

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IN THIS EPISODE, YOU’LL LEARN:

  • What it was like growing up in a family that was heavily involved in finance and investing.
  • What it was like working at JP Morgan directly out of college.
  • How it was partnering with her father doing financial planning.
  • Why introverts can make great salespeople.
  • How Jerry Seinfeld influenced her to write.
  • What is money and how to become better with it.
  • What her first steps and first questions are with new clients.
  • How Rachael manages her own financial life.
  • How the FIRE movement influenced her.
  • Why everyone should create a memory dividend fund.
  • Why she started her podcast, Becoming Work Optional.
  • How Twitter has influenced and advanced her career.
  • What her tech stack looks like for managing her finances.
  • Why you need to be tracking every penny.
  • Why it’s not worth your time to try to beat the market.
  • What the biggest mistakes she sees people making with their finances.
  • What her thoughts are on renting vs. buying.
  • How the ideas of Naval Ravikant have influenced her.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Rachael Camp: But that’s the way that I prefer to create financial goals is to say, what is our ideal day? What are the experiences that we want to have? What are the ways that we want to help other people? What’s our legacy? And then we work backwards. We say, okay, this is how we can start. To achieve those goals, but I don’t understand how anyone can do proper financial planning without understanding that and understanding to how people view money and their, their childhood experiences with money.

[00:00:25] Patrick Donley: Even Hey, everybody in this week’s episode, I had the pleasure of sitting down and talking with Rachael Camp, who is a certified financial planner to talk about how to create a work optional life. You’ll learn what Rachael’s first steps are and questions that she asks her clients, how she manages her own financial life, what the biggest mistakes people make with their finances are, her thoughts on renting versus buying, and so much more.

[00:00:46] Patrick Donley: Rachael is a certified financial planner and owner of Camp Wealth, where she helps hirers and business owners build and preserve wealth. She’s also co host of the Work Optional podcast and lives in Denver, Colorado. Rachael and I touched on a lot of applicable personal finance topics in this one, and there’s a lot of great actionable ideas, which I know that I really enjoyed, and I hope you do too.

[00:01:07] Patrick Donley: So without further delay, let’s dive into today’s episode with Rachael Camp.

[00:01:08] Intro: You are listening to Millennial Investing by The Investors Podcast Network. Since 2014, we interviewed successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation. Now, for your hosts, Patrick Donley.

[00:01:12] Patrick Donley: Hey everybody, welcome to the Millennial Investing Podcast. I’m your host today, Patrick Donnelly, and joining me in the studio today is Rachael Camp. Rachael, welcome to the show. 

[00:01:21] Rachael Camp: Thanks, Patrick. So happy to be here. 

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