Sam Drummond's Journey from Broke to Stability and Beyond

Sam Drummond, a lawyer, disability advocate, and author, shares his financial journey. Despite a childhood marked by financial struggles, he has achieved financial stability as a homeowner and father. He prioritizes experiences over material possessions and focuses on aligning his financial decisions with his values.

Drummond's childhood experiences shaped his financial outlook. His mother's sacrifices and his father's emphasis on ethical financial practices instilled in him a sense of responsibility and a determination to avoid debt. He recalls his first paycheck being used to cover rent, a significant portion of his income at the time.

Currently, Drummond and his family live comfortably, with a mortgage that accounts for approximately half of his income. He utilizes an offset account to reduce the mortgage balance and maximize interest savings. Drummond's financial organization involves using credit cards for convenience, with the full balance paid off each month from his offset account.

Despite his financial success, Drummond acknowledges the challenges faced by many disabled individuals in the job market. He emphasizes the importance of setting realistic financial goals and challenging societal expectations. He also highlights the transformative impact of financial literacy, which enabled him to assist his mother in becoming debt-free before retirement.