015: How to Organize Your Money with America’s Millennial Money Expert Robert Farrington

Robert Farrington with FamilyRobert Farrington is America's Millennial Money Expert and Founder of TheCollegeInvestor.com.

Robert is on a mission to help millennials get out of student loan debt and start building wealth for their future.

Robert is the quintessential master of his money. At such a young age in his early 30s he’s showing us all how it’s done. Really impressive.

In this episode, you’ll hear Robert share how he’s managed to pay off debt and make huge strides with his investing, the exact tools he uses to stay on top of his money and manage his investments, his savings goals, and his interesting strategy for buying his next car.

I left the interview with a list of to-dos for my own financial life. Get ready to be challenged.

Listen to This Episode with Robert Farrington

I hope you enjoyed that. A big thank you to Robert for giving us the gold today.

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Show Notes

[1:45] How Robert keeps things organized in his financial life.
[7:30] Dealing with debt.
[10:00] Managing a debt payoff strategy with investing for the future.
[12:00] Buying his first house and saving for a $80k down payment.
[13:30] Life after paying off student loan debt.
[14:15] The surprising thing Robert says he's bad at when it comes to money.
[17:15] How Robert and his wife found a good mortgage rate.
[18:00] Financial goals for the future (retirement vs new home vs lifestyle).
[19:45] Managing a side-hustle (collegeinvestor.com) while working a full-time job.
[21:15] All of Roberts savings goals and accounts.
[22:00] Using 529 Plans for college savings.
[29:45] What it's been like working with a good CPA.
[31:00] What he's doing with his taxable investing account.
[33:45] The handy resources he uses for financial information.
[36:30] His strategy for buying his next car.
[41:00] Plans for wealth accumulation and his business.
[43:00] Thoughts on looking back on the journey so far.

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This episode was sponsored by our list of The Best Robo-Advisors for Automated Investing. Visit ptmoney.com/robo/ for more information and to get started for free.

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Last Edited: May 15, 2018 @ 9:58 am
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.