Becoming a Financial Grownup | Bobbi Rebell

In today's episode, Cody and Justin are joined by Bobbi Rebell from the Financial Grownup Podcast and author of How to Be a Financial Grownup.

She has a really interesting beginning from the ground floor and working her way up to multiple large media outlets and building a career on camera.

Bobbi eventually saw an opportunity to step away and become her own boss which would end up being both a great financial choice and a great choice for her family.

Come listen to where she finds her inspiration and the tangible steps she took to building both a successful corporate career and a business.

Listen and follow along with the summary below and make sure to check out the links at the bottom of the page.

Episode Summary

Her dad was a Wall Street guy who would give the kids an opportunity to plan out their total expenses for a semester and they would make their request and that'd be there only chance to ask for money. (pretty awesome parenting exercise)
* She admits she had a lot of fortunate events and circumstances in her life but she also has had a great work ethic and paid her dues along the way
* Bobbi's working career started with working at a bakery, wrapping presents and folding clothes before her unpaid internship at CNBC
* She would come in during the middle of the night because people were a lot more likely to allow her to help and actually build a resume
* When she graduated college she didn't have any student debt which she credits to her granddad starting the trend of putting money back for her own parents' college
* Bobbi actually bought her studio apartment straight out of college at 23 in New York City and would end up flipping a couple of properties which lead to her nicer, larger apartment she owns today in NYC
* That first studio was only $90k which she bought during some down years in NY real estate

* Her friend actually got a similar apartment for under $70k!


* While she was making some big financial moves and making great progress, she wasn't without fault

* She bought a $3k chair with a home equity loan but she obviously rebounded


* Her career would quickly take off and she attributes it to always doing a little more than is expected and always adding skills
* She actually got her CFP from NYU thanks to some of the training her job paid for
* During her career, she became close with the likes of Tony Robbins and anchored shows at PBS and Reuters
* There were a couple of transitions obviously in that career and she details advice on loyalty to people vs businesses and how to handle transitions
* One day on a walk she decided to start a brand and write a book to help young people become financially responsible grown-ups
* Through the process, she was transparent with her company about her eventual transition
* The transition was a big one as she had three kids and a lot of groundwork to build for her business but she took a thorough approach over a three year period
* A big tip she gave us was to see if your company offers buy-outs for your job before you simply quit

* After agreeing to a slight delay in leaving, she did get a pretty nice buyout


* We then jump into some rituals and habits that keep her motivated and to help avoid burnout with such a high energy personality
* After making her transition, she realized that it really wouldn't take that much money on the side to make it a smart decision because of how expensive it was to work and raise children

* With this entrepreneur ventures,