Learning How to Bounce Back From Your Failures|Josh Overmyer - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2020-03-03T08:00:55
Today's episode features Josh Overmyer from JoshOvermyer.com
Josh lost his job and a major chunk of his home value in 2009.That would force him back under his parents'roof for two years.
Luckily he turned things around and discovered FI but it wasn't all roses.
Josh takes us through that whole journey including bouncing back from failures with precious metals, penny stocks and peer to peer lending.
Listen, learn, and let us know what you think.Episode Summary
Josh's background
Grew up in small-town IndianaDad worked in a factory, Mom works as HR manager both 20+ year careers
First in his family with a 4-year degreeHe majored in Urban development
Moved down to Fort Myers Florida in 2005The Great Recession Hits
Then the recession hit and work came to a haltThen in July 2009, he lost his job
Josh then moved back home to stay above waterHe had bought a house that saw its value get severely lowered
Josh had to keep up a low-cost lifestyle for two yearsHe averaged $19k in spending
Josh would move out of his parents'house in 2011
Bumpy Path to FIThen he started finding FI/RE bloggers like J Money
Josh eventually found a job in grant administrationThen Josh starts talking about the failures he’s learned from
These include investing in precious metals, penny stocks, and peer to peer lendingHitting His Stride
Josh would land a new job back down in FloridaAt the exact same time, he would start driving for Uber
He just kept saving and savingJuly of 2017 he started maxing out his 457
Over his 3.5 years working in Florida he would start at 30% and ramp-upJosh then covers all the activities he takes place in the FI community
In his day to day life, he doesn’t have people to talk about Finance withBut through FinCon and CampFI he has found his people
He has also credited Travel Rewards as the biggest game-changer for himThe whole 3.5 years he worked he didn’t have vacation so he saved points
Now he’s utilizing those points and recommends the Capital One credit cardJosh then talks about how to hit those minimum spends
Key Takeaways
Life hits hard: Josh never could have seen his world flipped upside down from the recession, but it did and he wasn't prepared
Learning from mistakes: Josh tried several different angles at investing before finding his grooveStay Positive: Josh is so upbeat about his story and now in a great place and will be ready for the next market challenge
Call to ActionHead over to our Facebook Group and let us know a failure you've had and what you learned from it.
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