Interview with Avocado Finance (@avocadofinanceapp)


Interview with Avocado Finance (@avocadofinanceapp)

Thank you so much for joining us! Can you tell us a story about what brought you to this specific career path?

“Jason and David have been best friends since middle school (in 2003). That’s not to say we weren’t different in many ways. Academically, Jason has always been at the top of his class while David barely scraped by. Jason went to attend UC Berkeley and after graduating, he worked his way towards as one of the top investment bankers at his firm. David didn’t bother applying to any colleges out of high school. Tired of feeling unmotivated and apathetic towards life, David mustered the last bit of energy he had and taught himself how to code. From there on he experienced my first bit of passion in life and everything changed for the better.

While we did experience some disconnect over those years, our diverged paths somehow found itself to merge once again.

We are extremely proud to have built our personal finance fintech company, Avocado Finance. People say don’t start a company with your best friend because “it never works”. We are an unconventional pair, but we are living proof that it can work. We are not saying it’s always easy but the experience is something we wouldn’t trade for anything.

After a few long sleepless days, months, and now years, we launched a company that we believe is the future of personal finance. While we know this is the beginning, we wanted to share our story that (1) it is possible to start a business with a friend and (2) never give up on your dreams! With the different skill sets we brought to the table, alongside our battle tested chemistry and bond, the results were significant as we made visible and measurable strides in the product that we both cherish and love.

Can you share the most interesting story that happened to you since you started doing this?

As wide-eyed, young entrepreneurs, we were ready to take on the world and make our mark in the personal finance management space. We established Avocado Finance in February 2020. A month after, the COVID-19 pandemic hit. Like most companies, we were impacted but we did not panic. We quickly adjusted to “the new norm” by getting rid of our office and making a new financial plan to control our spend. By staying nimble, we created runway for the next 3 years with no issues.

Which tips would you recommend to your colleagues in your industry to help them thrive and not “burn out”?

Don’t base your worth on your work. And get a life outside of work. It’s so important to have a full life outside of work in order to avoid burnout. Let work be just one of the ways you contribute to the world. Your hobbies, relationships with friends and family, and your daily choices are also critical to your identity. If you put down work for the day and focus on other aspects of your life, you will come back to work the next day recharged and ready to give more. Find that health balance that works for you, everyone is different.
None of us can succeed without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story? 

” We are grateful to our family and friends.

How have you used your success to bring goodness to the World?

American households had a median savings balance of $5,300, according to data collected by the Federal Reserve. This is not nearly enough to retire. At Avocado Finance, we believe the right financial tools can help people establish healthy financial habits, build wealth, and achieve your goals. Our mission is to be the tool that does this for you.

Do you have a favourite “written Quote”? Can you share a story of how that was relevant to you in your life? 

“Running a marathon is a lot like running a start-up.”

If you fail to plan, you fail to plan

Jason started training for his first marathon when he started Avocado Finance in February 2020. A month later COVID hit and the pandemic shut businesses down, including gyms. Jason set a goal to qualify for the the Boston Marathon and created a 16-week plan to run sub-3 hours in the marathon. Just like with a marathon, in order to grow and scale your business, you need a realistic plan, one that has a roadmap and checkpoints to keep you on pace. Without it, you’ll fail.

You need to go at your own pace

In marathon training, you can’t train at a 12-minute mile pace, and then run the first mile of your race in 6 minutes. Sure, you can sprint for the first mile, but it will hurt you for the rest of the race, and possibly lead to not completing the race. Trust me, I ran a marathon where I went out way too fast and barely walked across the finish line!

Building a solid, long-lasting company also requires pacing. You have to establish a solid foundation across all departments, and not be distracted by what your competitors are doing. Once your plan is in place, you’ll be set up for those “sprint” moments when they hit, like a feature in the Wall Street Journal or a big meeting with potential investors.

You will experience roadblocks along the way

Training for the marathon is one road block after another. I hit multiple road blocks during my training block such as knee injuries, getting COVID, cancelled marathons due to the COVID pandemic, and just life in general gets in the way. But I didn’t let the slight detour keep me from the rest of my training plan. I jumped back in when I was given the green light.

Every single business owner will tell you it’s not if you hit road blocks, it’s when. And when you do, you need the resilience and resources to overcome them, which may require you to be creative in navigating a detour. However, if you’re consistent and follow your plan, you’ll be back on track and you will reach your goal.

Running a marathon and running a business take grit

No matter how much fun you are having, you will reach a point in the marathon and in business where you feel like giving up. If you’ve followed your plan, progressed at your own pace and put in the hard work, you will get through difficult times. Remember that the tough times don’t last. You can get through that hard mile and then realize you only have one mile left.

How can our readers follow you on social media? 

Instagram : Avocado Finance (@avocadofinanceapp)

Anything specific you’d like to have mentioned in the article? 

Follow us on Instagram @avocadofinanceapp