In today's episode, Cody and Justin are joined by Ben Le Fort.

Ben is Canadian and has an awesome back story.

His parents were financially unstable even to the point of needing Ben to help with the mortgage as a teenager and bankruptcy.

Ben would go on to turn things around and is now on the financial fast track. He and his wife now own two properties and are saving aggressively towards retirement.

Fun note, one of those properties is actually the home that his parents now live in.

Listen and read below to hear his amazing journey.Episode Summary

Ben grew up upper-middle class but then 2008 happenedBoth of his parents were realtors and the recession crushed them leaving them bankruptHis parents had no savings and the housing market crashedLooking back he saw some flags that they hadn't been savingOne of those flags was being asked to help pay the mortgage as a teenagerThe problems his parents went through caused him to choose economics as a majorBen would end up graduating with about $30k in student debtThis was  a rough go because he was having to use student lines of creditHis parents' income made him ineligible for financial aid or government student loans in CanadaBen would go on to miss some payments which took a toll on his creditUpon graduation, he couldn't find a good job because of the recession (2010)This drove him to going back and getting his masters degreeBen got roommates in a run-down apartment for $350 a monthHe tried to continue living the college lifestyle so he could pay off his debtBen became debt-free in 2015Then Ben talks to us about meeting his wifeShe was very risk-averse and investing scared herAfter tackling stocks they moved on to real estateBen now has two properties and has done very well on bothFun note, his parents actually rent a property from himBen's financial world is now off the charts and he's looking to help otherThat's what started his venture into blogging online via MediumThat writing has now turned into a legitimate side hustleWe then tackle Canadian investing vs American investing

Key Takeaways

Be prepared for the unthinkable: His parents were so used to their income and the stability of the housing market. When it crashed, they certainly weren't prepared.Your start doesn't define you: The thing that really jumps out in this episode is that his parents' bankruptcy didn't mean Ben couldn't be successful. It actually benefited him through the motivation it gave him.Currency Matters: There was a really tangible discussion where Ben called out the tactics of someone in Canada investing and how it differs from the United States.

Call to Action

Whether it is a parent, cousin, or just a friend. Find a loved one who could use a talk about finance and open up and talk to them. Keep it simple and make them feel comfortable if you can.

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Connect with Ben:

Via his publication on Medium called Making of a Millionaire

Via his writing at Wealthtender

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