Blake currently loves his job and has no plans to stop working - but still wants the freedom that financial independence gives. * increase your score, Sounded interesting. Thanks for all the information. This episode is for anyone who has made a money mistake, anyone who has gotten past one, or anyone looking to start their own business to truly live the life they want. If you're in debt and see no way out, this episode will show you there IS a way to paying down your debt, that it isn't always easy, pretty or fun, but it CAN be done. Joe is here today because he understands how life insurance works - how it's priced, how you can use it, the pros and cons of the product - but he has no skin in the game whether you buy life insurance or not. Those first 11 properties generated over $2.8 million in capital gains and rents, maybe I should have stopped there? Blog . Until a rotator cuff injury lost her the funding at the beginning of her third year. You will receive an email with links to the bonus material. While he had a great job and a partner who was also bringing in a solid paycheck every month, he slowly started to get tired of the corporate bureaucracy, politics, location dependency, and long hours. For those who have money… or want more of it! Keep it up! Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned. Thankfully, it didn’t take him 30+ years of working to get there! Not everything is a great fit for every person, and you certainly don't have to choose everything on the list. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt. * Retrieval of lost documents and spying on any target, Thanks Nathan – I definitely plan to try to keep working hard and avoid over-leveraging. One of the most frequently asked questions in the BiggerPockets forums is "How can I start investing in real estate with no money and bad credit?" Kirk shares his Big List of 75 Alternative Investments with us today - and mor David – I have great respect for your long history as a real estate investor and am very grateful for your compliment here. Great podcast!! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. He’s also a personal finance nerd an author of “Set for Life” and host of The BiggerPockets Money Podcast, a real estate agent, and a real estate investor of which he currently owns 8 units across three properties in Denver, Colorado. She invested. None of this stopped him from still living below his means, siphoning off a large portion of his income for investments, and capitalizing on special programs such as the 409a plan. https://www.biggerpockets.com/show223 A lot of people want to achieve financial freedom - but many who start the journey never arrive. Chris also reveals his feelings about FIRE - and how there is too much focus on the RE and not enough on the FI. He wants you to become Financially Independent but also wants you to enjoy your journey. You need to fix your "No money and bad credit" situation and invest from a position of financial strength. Learn more by visiting RealtyShares.com/biggerpockets! Unless someone is ... show more, To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. On today’s podcast with BiggerPockets CEO Scott Trench, we discuss what entrepreneurs can do to realize their professional goals. The key is to expose yourself to opportunity, work hard, and do what you can to minimize risk if you can’t get that much equity in a year. For the past 4.5 years we’ve been house hacking a Queens fixer and just sold it – we close in 2 weeks. 1) Yes, if you buy at a discount, you will have some baked in equity that will help you refinance. He wants you to become Financially Independent but also wants you to enjoy your journey. Their income trailed this debt at $65,000 and they knew they'd have to do everything in their power to knock out this debt. Thank you for laying out the steps so clearly. For those who have money… or want more of it! I think that it is better to buy an asset that cashflows before you are 30 than to payoff all of your loans before you are 30. Whether that be spending copious amounts of time shopping at Costco or surfing at the beach, Robert has a life where he decides what he wants to do, everyday. 151 episodes For those who have money… or want more of it! Subscribe today and get the Oct/Nov issue delivered to your door! Ambus discovered gambling. Very helpful! Hard work, determinatio To get the preorder gift, do I just preorder from Amazon directly or do I need to do anything else? Whether you’re just starting your career, or are a few years away from retirement, Kathy has some incredible tips on money management, maxing out retirement contributions, and being intentional with your money and your journey. BiggerPockets Money Podcast podcast on demand - For those who have money… or want more of it! She grew up without much in the way of financial education, but did secure a water polo scholarship to Bucknell. This week, we’re joined by his co-author, Benjamin Hardy. Amazing interview! I just ordered two copies to give to my young adult daughters and their husbands. We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! Congratulations on your success! Very relatable for me, so I’ve purchased the book and am looking forward to reading it. W.L.E.R.E. Please let me know. On last week’s episode, we talked to Dan Sullivan, author of Who Not How. Scott Trench, President of BiggerPockets, Denver, CO - BiggerPockets Profile. After a few years of limited spending and frequent budget analyzing, Allison and her Husband paid off over $110,000+ in debt and are now on their way to financial abundance. That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life, to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life. Bengen was hit with praise and criticism, but is still applauded to this day for having such a simple yet crucial metric for knowing how & when you can retire. Because that's also how it goes with gambling, right? I disagree with people who work super hard to pay down their student loans and become debt free but have absolutely zero real assets. * Credit cards fix, Shocked to discover $30,000 in unpaid -Donnie & Colleen Martens. When she came back, she realized she didn’t need all the things, didn’t need the stress that came with the big corporate job, and struck out on her own, filling a need she saw in her own friends - financial education. This approach paid off, because by the end of the year, they will be completely debt free and be able to start saving and investing and working toward financial freedom. Scott just flipped my world upside down in less than an hour. If you signed up for BiggerPockets via Facebook, you can log in with just one click! Menu. I am also interested in the audio version. Since joining BiggerPockets in 2014, Scott has authored the bestselling wealth-building book Set for Life and joined Mindy Jensen as co-host of the BiggerPockets Money Podcast. Through financial management communities like the FIRE movement, she was able to correct her spending faults, earn more, and invest most of her income into retirement accounts. Thank you SO much for this episode! I had purchased the book within the first week of its release. They address topics all over the board - from student loan repayment and early retirement account withdrawal under the CARES act, Blake details just how he accomplished this feat, from college selection to funds available, scholarships and even working during the school year and especially during the summers between. In one short year, working nights and weekends, spending as little as possible, and throwing every dollar into his savings, he made it all back. They take a couple of calls from listeners to chat about the best current use of retirement funds. Incredible that he could write a book and have this much financial savvy at such an early age. We’ve ordered the Set for Life book and are super excited to use its principles and philosophy to guide us down the runways! If you're in debt and see no way out, this episode will show you there IS a way to paying down your debt, that it isn't always easy, pretty or fun, but it CAN be done. Chris and his team interviewed more than 10,000 millionaires to hear how they did it. Thanks. ... show more, He really is the man who needs no introduction (but here’s one anyways). 3) You are paying the loan down through amortization She quickly realized that her trajectory was NOT taking her where she wanted to go. 5) Because you are using tenants to cover your mortgage, you live rent/mortgage free, assuming things go well. Am I Missing Something, or Is Real Estate Investing Really Not That Hard? He started saving his money, like a good FI-devotee does, but his story takes a sharp left turn. But then his "luck" changed. Real strategies that work for real people seeking to build wealth through real estate investments. Belinda parlayed her financial knowledge into a multi 6-figures company, pivoting again last year to helping businesses strategically and consistently generate income. Chris shares how to discuss your finances with your spouse - and how to bring them on board when you have differing views about money. Once she cleared that up, she focused on her own finances, growing her net worth to more than $1 million by the time she was 33. My wife and are will be buying it. Help us reach new listeners on iTunes by leaving us a rating and review! He is CEO of BiggerPockets.com, a real estate investor, and author of the best-selling book Set for Life . What a great podcast. Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Old and has no plans to stop working - but many who start journey... 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