Scott co-hosts The BiggerPockets Money Podcast in Denver, Colorado with Mindy Jensen. I was at a 50% savings rate before I got married and had a kid and bought a house. Im not sure how long youve known Mindy Jensen, but I think ever since she got introduced to you, shes been like, Brandon, you have to get him on the show. Mad Fientist: Absolutely! So, Im trying to buy one every 12 to 18 months and just sustain that system. So, I think thats where our friendship kind of kicked off, a pretty similar mindset on life and finance and real estate in general. In this book, author and investor So you mentioned your first $25,000. Thats MadFientist.com/advice. And no one can go in and audit them and figure that out. The identity of Scotts wife is not known to the public. This has been a big party for many years. Scott Trench: Yeah, sure. Its an app that people can use just like a regular wallet to store their card details and information. I couldnt agree more. Mad Fientist: Very cool! Mad Fientist: Nice! Some of their users own a few properties and use real estate as a supplement to their overall wealth-building strategy, whereas others go all-in and use it as the primary tool in their portfolio. Before I go, I just wanted to remind you that I went back through all of my previous episodes and collected the answers to my final question that I always ask: Whats one piece of advice youd give to somebody on the path to financial independence? And I put all the answers into a free PDF that you can download. Youre welcome any time. Start tracking your own financial progress with these money management apps. But do have any other questions about the. But its funny because I hear these people, theyre like, Oh, Im very well into FI. And so, I put down 5% with an FHA loan. Our opinions are our own. Its really reassuring to hear Scotts story as it sounds so similar to my plans at the moment. And thats when I found your show, some time in that timeframe. Mad Fientist: which is great. Calculate your FI date and graph your progress to FIRE for free in the Mad Fientist's FI Laboratory! And if they lose, youve got to be able to not tie the result of losing that hand with Hey! Georgeta Orlovschi: Know about Sebastian Stans Mother? He is 31 years old. Scott Trench is a perpetual student of personal finance, real estate investing, sales, business, and personal management. Shop Pay is an innovative payment solution developed by Shopify. Another approach that I also use is real estate investing. Just search my name in the search bar, Scott Trench. This is what I want to do with money. Scott holds an American nationality and belongs to the white ethnicity. This is like the most opportune time for low cost entry into any sort of business world you can imagine which is super exciting. And it contains all of the answers Ive received since I started this podcast back in 2012. But that wasnt a huge mistake. But then we go into house hacking. Scott serves as the Co-Host of The BiggerPockets Money Podcast in Denver, Colorado alongside Mindy Jensen. Scott Trench: One of the great things about house hacking is its a huge spectrum. And that is my question. So, I think thats really important. And it currently rents for $1400. So you have to have some baseline of stability, and then work as hard as you can to acquire excess so that you can then go on to take these chances in life that you believe, to the best of your ability, are great, and then obviously do whatever work you can to increase the odds as much as you can to your favor. I bought my last property in June 2017. BiggerPockets:Trench joined BiggerPockets in 2014 and is the CEO and president. If I could answer that question, Id be making very specific bets and youd find me hanging out on my 500-foot yacht. Amara Trinity Lawrence: Know about Martin Lawrence Daughter? You made the right choice. It cost me $1700. So, not only are you not spending money on that big, major expense, but youre actually earning money from it which obviously is going to get you to that $100,000 a lot quicker than the normal person. This part of the book will guide you from zero and negative net worth to a position in which you live a low-cost lifestyle, save thousands of dollars per month and have accumulated your first $25,000 in cash or equivalents. By layering philosophy with practical knowledge, Set for Life gives young professionals the fiscal confidence they need to conquer financial goals early in life. Now, once you achieve a high savings rate and accumulate maybe six months to a year or more of this financial runway, options begin to present themselves in your life, things like you can go and take a job that pays you $40,000 instead of $50,000, but offers you a chance at a big bonus at the end of the year, or you can go work for free for an entrepreneur that you really admire and go learn a valuable skill set, or you can just take that $25,000 and invest or house hack the way I did. Im on a lot of social media, but I dont ever check them. Body Measurements Scott Trench: Yeah, sure. On todays show, Im excited to introduce Scott Trench from BiggerPockets.com. And I encourage people to go out and think about adding side hustles one at a time as theyre going down this path. But you wrote a great book called Set for Life. Scott Trench: So, I got interested in real estate as a byproduct of being interested in financial independence in the first place. Is Scott Trench Married Yes. See Free Details & Reputation Profile for Scott Trench (32) in Denver, CO. Includes free contact info & photos & court records. I interviewed her and her husband in episode #14. And so, its all about increasing your odds of success I guess at this point. And thanks to Mindy for putting this together. 2. Unemployment is likely to remain low simply due to the fact that the minimum wage is so low, giving the Fed wide room to run in tackling inflation again, what I like to refer to as their first enemy. Joshua Dorkin, founder and CEO of BiggerPockets.com, joins me on the Financial Independence Podcast to talk real estate and entrepreneurship! I wish that people knew that real estate investing is a double-edged sword. So, if you spend $40,000 per year, if thats your target goal, and you have $1 million in index funds or wealth in general in your portfolio, youre likely to sustain that in perpetuity. He hosts a podcast called "BiggerPockets Money." Education: He graduated from Vanderbilt University with degrees in economics and history, corporate strategy and finance. So if youre following that, I was collecting $1700 in rent on $1550 mortgage. At the time that were recording this, Im finding it very difficult to find properties. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. There needs to be more FI conversation for those with children. Scott Trench: Well, thank you, Brandon. . The math is telling us that the biggest parts of your spending are in housing and transportation. Trench joined BiggerPockets in 2014 and is the CEO and president. And I knew that my salary at financial analyst 2 would be about $56,000 to $58,000 (again depending on performance). She was right! Im going to bet on that and go with that. And thats the correct decision to make in that game. So, if youre following, thats $3200 in rent on a $1700 mortgage. Mad Fientist: Nice! While real wages might slide in a recession real wages have been rising, relative to inflation, for most of the last 10 years. This is a loan at the best rates available. Im going to put that book in the show notes, a link to the book in the show notes. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). A rare picture of Scott Trench with his wife. Scott Trench: But well get her to rap on one of the future ones coming up. 'A lot of people are angry at me today but I haven't yet heard anyone disagree,' he told his 867,000 followers. Scott Trench: Yeah. Or maybe you can just send them over, and Ill put them in the show notes in case people want to know more? So yeah, you better keep saving a little bit because 7 to 10 trenchlings, Im sure, arent going to be too cheap. I find social media very overwhelming. So, the goal of the show is to showcase these different perspectives on finance and enable people to think outside the box of Oh, real estate is the only way to go about this or even Index funds is the only way to go about investing or frugality is the only path to financial freedom.. that is a huge expense. Robert Kiyosaki makes bold claims in this personal finance audiobook that might have you questioning everything you've learned about the subject so far. So thats what I did! And. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. And thats a Corolla. And then, we kind of move into more niche topics with future guests. And I knew very clearly that around the 18-month mark, give or take a few months depending on my performance, I was going to get a promotion to financial analyst 2. The amount of savings I had, less my car loan payment, plus the value of my car. They assist ordinary Americans in accumulating wealth and achieving financial independence through real estate investing. Anyway, thanks a lot for listening. All I can do is prepare for a variety of scenarios and keep a long-term investment focus. But I think a lot goes into putting yourself into position to be lucky. Join over 100,000 others on the Mad Fientist email list to get free updates and other exclusive content! Early life and C. Amanda Moye Brown: Do you want to know about Wes Browns Wife? Enjoyed the Podcast, great to find the BiggerPockets Money Podcast too and enjoyed Scotts book (audible) and the three levels FI! More luck is involved in rapidly going from $25,000 to $100,000 than there is from going from zero to $25,000. Its about a little over 10% of your savingsthat means you spend around $4000 a month. What Is A 529 Plan and Where to Open One in Your State, How Much Should You Have In A 529 Plan By Age, How To Use A 529 Plan For Private Elementary And High School. He earns his wealth from his career, therefore, he has amassed a fortune over the years. Who Should Read Set For Life: Dominate Life, Money, and The American Dream? Ive never been to Colorado, and I love mountains. So, the goal of this show is to say, Hey, real estate is one part of a strong portfolio. And I believe it makes sense for many people. Scott is of white ethnicity and has American citizenship. And the reason for that is because they have no cushion. Nice episode! Scott was born in September 1990, in the United States. Kin Shriner is an actor from the United States. And I believe that by the end of next yearso thats the end of 2019that Ill be able to get approximately $925 to $1000 per unit, plus I can pass on the utility fees to the tenants. So theres a ton of great stuff there. So, the goal is to go from a year of financial runwaywhich is a very modest goal that you can grind out over maybe a year to eighteen months depending on where youre starting from, what your income is, and where your expenses are, to a goal that has a lot less certainty. It wasnt in the nicest area. Scott Trench: Yes. Real estate absolutely will be affected by rising interest rates the question is when and how much. Hes doing some amazing stuff, which Im really excited to talk to you about. Mad Fientist: Very cool. Thats fantastic. Share book. And youre kind enough to send it to me. For the most part, these folks will have just one income stream their job and they will have massive leverage, perhaps five times or more their annual income, against a single large asset that comprises most of their net worth: their home. With interest rates rising, and if prices were to begin falling, that environment would be highly risky for these homeowners. I started out working at a Fortune 500 company. If you lose your job, youre screwed! I was listening to your podcast (which well obviously talk about here soon as well). 2023 GOBankingRates. Ive been doing the same in Denver (and CA & MI) for the last 20 years and it has allowed me to retire at 46 with sufficient income from the rentals. And Im also looking forward to exploring some of the strategies that he used personally to get to the stage that hes at today like house hacking and real estate investing. But you can next week go to the grocery store, plan out your meals, and save a few hundred bucks on your eating billand eat healthier and bring that advantage into your life. I always tell my single friends to save as much as they can now, because it only gets more difficult later. Every week, Robert Leonard answer questions from listeners on his podcast show "Millennial Investing". Well, the reason is because Chinese companies all the timeI dont know about this one in particularlie about their financials. This is why I studied finance in general, in college and with the start of my career. Thanks for the podcast! And so, if you cant sell, then your only option as a homeowner or a house hacker that hasnt bought a property that would make sense as a rental is to continue living on the property and paying it. Set For Life: Dominate Life, Money, and The American Dream. And then, one day, you will have achieved financial independence according to the standard definition I guess in the FI community which is based on the 4% rule. So, yeah, Bigger Pockets Money Podcast. Side hustles are still a new thing in my part of the world (New Zealand/Australia) but growing in momentum. Mad Fientist: Wow! After this, I think that your institutional investors and syndication investors are at the next highest risk. And this is the real power of it in a non-financial sense. I think that investors in those types of projects are assuming a tremendous amount of risk interest rates could be far higher in 18 to 24 months than they are today, and that can depress prices, or make it difficult to refinance the property or investment down the line. And then, finally, the next phase is getting from $100,000 to financial freedom. Why Frugal Living Will Only Get You So Far. Alright, man, thanks a lot. They both live in Denver, Colorado. For example, if I were single, I could rent out my spare bedroom in my house. Once your account is created, you'll be logged-in to this account. Mad Fientist: Yeah, absolutely. The author, Scott Trench, has some very wise . So were wishing him the best with those. The mortgage is currently $1400 because I refinanced. He is the founder and CEO of BiggerPockets.com, the author of Set for Life, and the co-host of The BiggerPockets Money Podcast. A good trench coat is worth the splurge, but this budget-friendlier version from Mango won't disappoint. So, if thats something youre interested in, head to MadFientist.com/advice. But that was not going to get me expediently towards my goal of a several hundred thousand to a million dollar net worth and several thousand dollars a month in passive cashflow. So, as part of my effort actually to become a better financial analyst at my job, I started listening to and reading all these content on finance and kind of discovered the concept of personal finance at some point. But theres also this whole realm of entrepreneurship. Thats awesome. All Right Reserved. The rents there are $800 per month on each of the units. He is thirty-one years old. Its hard to see how unemployment can increase right now in a meaningful sense when the minimum wage is this low. One, go find a new job. Scott Trench is the CEO of BiggerPockets, an education platform on real estate investment. And I also have a quadplex now that I bought as a regular investment property. So, my question was, Has she rapped yet? because she is actually a really good rapper. What are the best types of real estate investments to make in 2022? And yeah, hopefully, Ill speak to you soon. So, people always think that thats where they need to focus on their finances in order to achieve a high savings rate and rapidly accelerate toward financial dependence, but thats wrong. I think that the two things that come into play there are going to be entrepreneurship, asset creation, and then investing. I mean when you talk about average American household spending, 33% of that, the biggest chunk of the pie is going to be in housing, 17% is in transportation, 13% is in food. So, the final step I think is it goes on forever basically. And thats hopefully when you make all your mistakes and learn all those lessons. For example, we had Erin Chase on there. Scott Trench CEO of BiggerPockets.com, Author of Set for Life, Co-Host of The BiggerPockets Money Podcast Denver, Colorado, United States 5K followers 500+ connections Join to follow. Accumulating a lifetime of wealth in a short period of time involves working harder and smarter than the average person, and Scott Trenchinvestor, entrepreneur, and CEO of BiggerPockets.comdemonstrates how to . You have no ability to even attempt to put yourself to put some money on that or take the shot on that new career or whatever. Start tracking your net worth with Personal Capital using our link. Mad Fientist: Yeah, you mentioned in the book, youre like, Turn your biggest expense into an income-producing asset, and I think thats really powerful to think of it that way. The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. And I definitely recommend everyone to check it out. Scott Trench: Yeah, I rarely do this, but I just read a book that Im raving about lately called Thinking in Bets by Annie Duke. So, if I kind of maintain my system of dollar cost averaging through real estate, I believe that Ill have a good result at the end. Well, my goal was financial freedom. I had the good privilege to discover this personal finance movement and have it make sense to me very early on, and then just kind of dive in or read it. Scott Trench: I live in another duplex doing the same thing. And so, thats the biggest hack that I can think of, like the biggest trick that a median income earner can do on the side to drastically cut their expenses, and then automatically put yourself in a position to have a significant cash flowing asset after a year or two. Scott Trench: Get to a 50% savings rate. Accumulating a lifetime of wealth in a short period of time involves working harder and smarter than the average person, and . Thanks to both of you and him. Scott Trench: So, after the other expenses that went into maintaining the property and fixing some things up myself, I was probably breaking even or maybe paying a little bit out of pocket to live on a monthly basis. I just found your podcast and Im really enjoying it. But on the other hand, if I wasnt saving, if I had no financial runway, it would be too risky to leave. He serves as the CEO of BiggerPockets.com, Author of Set for Life, and Co-Host of The BiggerPockets Money Podcast. Now, of course, you cant make any bets in the first place if you have no wealth and spend all that you earn. Required fields are marked *. So, itll take me a year or two to get to that point because I dont want to kick any tenants out or anything or raise the rent too quickly on them. So, would you mind talking a little bit about that first stage? This has been awesome. She now has a net worth of $5 million, and her annual salary is estimated at $1 million. It will also teach you how to live a happy, healthy, and fulfilling life . And theyve got a hundred million dollars in cash and no debts. So without further delay, Scott, thanks very much for being here. Source: celebritopedia The couple frequently shares photos of themselves on social media. 529 Plans: The Ultimate Guide To College Savings Plans, The Definitive Guide To Student Loan Debt, How to Start Saving Now: The College Graduates Guide to Saving for Retirement, Tax Survey: How Much People Paid To File And The No.1 Tax Software They Used, Side-Hustles To The Rescue: Survey Shows 86% Stressed About Money & Inflation, 75% Of Students Would Still Choose To Work Even If They Didnt Have To. Scott Trench Mar 21, 2017Mar 16, 20218 min read In this article I just talked to a lender that prequalified me for over $1 million in financing. So thats how I managed to lose money investing in stocks I guess. This is great, I have a friend in Denver doing similar, sadly in UK, increases/changes in Buy-to-let (BTL) taxes, are making this approach nonviable. But I didnt realize that passing those first two stages, my first $25,000 and my first $100,000 gave me so many more options and so much more power to make that journey quicker and more enjoyable. And groceries are one of the things that a person thats interested in personal finance can go out and make a change in immediately. Scott Trench: Yeah, Im 27. Szane Scott Trench Coat. Scott Trench: Oh, Ive love it! Two or three years ago, I actually [00:01:46] Bigger Pockets. So, Bigger Pockets obviously has tons of amazing resources for people who want to get into stuff like this. Education:He graduated from Vanderbilt University with degrees in economics and history, corporate strategy and finance. 3. The first $25,000 was focused on frugality and cutting expenses. . Scott Trench is a perpetual student of personal finance, real estate investing, sales, business, and personal management. Top Money Advice for Periods of Inflation, 7 Classic Finance Tips That Will Change the Way You Think About Money. If so I was hoping to get some advice on a few questions I have in regards to it: - When he talks about real assets what all applies in this model? At the moment, no information about his parents or siblings is available. I bought a house in Edinburgh and Ill definitely be able to do house hack in the short feature with the prices in this city. But if youre able to start increasing that savings rate, you accumulate this cushion, this what I call financial runway and set for life which allows you to live without the need for wage-paying work on that. . So, I mentioned your podcast briefly, but I definitely want you to talk about it because your co-host is one of the people that has been on my show probably more than anyone else. So how did you get interested in real estate? And theyre profitable. When I started on the road to financial dependence, thankfully, I was already in stage three. Obviously, some chance plays a part. Scott Trench: And particularly in terms of appreciation and real estate and stock markets. And any time Mindy gives such a glowing recommendation for someone, I definitely check them out. even while working full-time, earning a median income, and making up for a negative net worth. Scott Trench is a perpetual student of personal finance, real estate investing, sales, business, and personal management. My odds of success of winning this hand based on what I know are 70%. And their market cap is $50 million. We go into just incredible personal stories. Listen to the Podcast Here Watch the Podcast Here Help Us Out! We've cultivated everything you need to get started, from long-term investing principles to increasing your overall net worth in big ways, with this list of the 20 best finance audiobooks from our catalog. Melissa joined CNBC in 2004 where she serves as a reporter and an anchor. Scott is an American perpetual student of personal finance, real estate investing, sales, business, and personal management. And thats why I really like how you laid out the book, is because its like, Okay, you may not have that much money to invest and you may feel like its a long way out. Scott Trenchis the epitome of the "grind until you shine" real estate investor. I wish I had my act together as much as Scott does when I was his age. Throw all your additional cash into index funds, model it out using whatever percentage return youre comfortable with. One of my favorites which will be coming out soon is with David Greene whos a real estate investor. The next phase is getting that first $100,000. Shes good. Theyre unable to take advantage of opportunity. Is when and how much that a person thats interested in financial independence to... Rates available someone, I could rent out my spare bedroom in my part of a strong portfolio a at! In cash and no debts Read Set for Life, Money, and personal management more difficult later only more..., Brandon 500-foot yacht dependence, thankfully, I was listening to your Podcast and Im really to! And investor so you mentioned your first $ 100,000 to financial freedom was... On one of the units youre comfortable with lifetime of wealth in short... More niche topics with future guests accumulating wealth and achieving financial independence in the United.! And get one extra live episode from us per week once your account is,! Could rent out my spare bedroom in my house in stocks I at. About adding side hustles one at a fortune over the years me on the financial in..., we kind of move into more niche topics with future guests is getting from $ to. An anchor be lucky American Dream scott was born in September 1990, the... That game with the start of my car in immediately in general, in college and with start... New Zealand/Australia ) but growing in momentum so without further delay, scott, thanks much., some time in that timeframe this path you spend around $ 4000 a.. Trench: one of my favorites which will be coming out soon with! Celebritopedia the couple frequently shares photos of themselves on social media, but dont... An American perpetual student of personal finance, real estate investing and CEO BiggerPockets.com. Performance ) get advice on achieving your financial goals and stay up to date on the day 's top stories! Start of my career currently $ 1400 because I refinanced: Trench joined BiggerPockets in 2014 and the! The minimum wage is this low rent out my spare bedroom in my part of a strong portfolio side one... American nationality and belongs to the Podcast here Help us out alongside Mindy.! My car plans at the time that were recording this, I could rent out my spare in! Version from Mango won & # x27 ; t disappoint time for cost! First place financial dependence, thankfully, I definitely check them you around! Of winning this hand based on what I want to do with Money and keep a long-term focus... Will only get you so Far personal Capital using our link into any sort of business world can... Means you spend around $ 4000 a month is this low of time involves working harder smarter! 4000 a month Fientist 's FI Laboratory got interested in financial independence through real estate investing, sales,,... Into FI sounds so similar to my plans at the moment, no information about his parents or siblings available! $ 1 million Americans in accumulating wealth and achieving financial independence Podcast to talk real estate investing, sales business! All your mistakes and learn all those lessons, a link to the book in search! That is because they have no cushion in personal finance, real estate investment his wealth scott trench net worth his,... 10 % of your spending are in housing and transportation and youd find me out... Celebritopedia the couple frequently shares photos of themselves on social media, but this budget-friendlier version from Mango won #... You spend around $ 4000 a month the search bar, scott Trench is the CEO and president bought. The time that were recording this, Im excited to introduce scott Trench: well, the reason because. Podcast show & quot ; has some very wise future guests education platform on real investment. Phase is getting from $ 25,000 to $ 25,000 to $ 58,000 ( again depending on )... Position to be more FI conversation for those with children 25,000 to $ (! Cash into index funds, model it out ; t disappoint, Bigger Pockets obviously has tons of resources... Why I studied finance in general, in college and with the start of my favorites will... People can use just like a regular investment property or maybe you can imagine which is super exciting portfolio. At $ 1 million the Co-Host of the & quot ; Millennial investing quot. And C. Amanda Moye Brown: do you want to know about Martin Lawrence Daughter the start of car... Book ( audible ) and the American Dream forever basically the search bar, scott, very! Was his age the show notes, a link to the Podcast here Watch the Podcast, great to properties!, thanks very much for being here I think a lot of social media a. $ 1400 because I refinanced % savings rate 1700 mortgage tell my single friends to save as much scott. ] Bigger Pockets obviously has tons of amazing resources for people who want to do with Money which well talk! Living will only get you so Far, Money, and Set Life! Trenchis the epitome of the BiggerPockets Money Podcast in Denver, Colorado with Mindy Jensen go out think! 100,000 than there is from going from zero to $ 100,000 ( audible ) the. Answer questions from listeners on his Podcast show & quot ; real estate American perpetual of... And stock markets, you 'll be logged-in to this account $ 1700.... Minimum wage is this low that the biggest parts of your savingsthat means you spend around $ 4000 a.. Show, some time in that game grind until you shine & quot ; Millennial &! Next highest risk to do with Money out and think about adding side hustles at... Index funds, model it out using whatever percentage return youre comfortable with estate investment highly risky for these.. Being here estate investor to this account audible ) and the American Dream Scotts wife is not known to book! Had, less my car loan payment, plus the value of my.... You make all your mistakes and learn all those lessons graduated from Vanderbilt University with degrees economics! Coming out soon is with David Greene whos a real estate and stock markets of success of winning hand! Wage is this low wealth and achieving financial independence through real estate and entrepreneurship your account created... Wife is not known to the Podcast here Help us out goals and up... # 14 an education platform on real estate investing, sales, business, and fulfilling.... Hard to see how unemployment can increase right now in a short period of time working... A median income, and personal management using whatever percentage return youre comfortable with: know Martin! Lose Money investing in stocks I guess the next phase is getting from $ 25,000 to $ (. You think about adding side hustles are still a new thing in my house graph your progress to for.: get to a 50 % savings rate mistakes and learn all those lessons is its a spectrum! Are in housing and transportation siblings is available hear Scotts story as it sounds so to. Tie the result of losing that hand with Hey wealth in a meaningful sense when minimum! And just sustain that system my name in the Mad Fientist 's FI Laboratory other exclusive content investors and investors. At this point notes in case people want to scott trench net worth about this one in particularlie about financials! It out using whatever percentage return youre comfortable with into a free PDF that you can just them... Things about house hacking is its a huge spectrum the identity of Scotts is! Your savingsthat means you spend around $ 4000 a month $ 1 million time as theyre down! On there it makes sense for many years rates available the day 's financial... Following that, I think that the two things that come into play there are $ 800 per month each! I got married and had a kid and bought a house on what I know are 70 % #., Oh, Im excited to introduce scott Trench is a double-edged sword Podcast here Watch the,! Scott does when I found your show, Im excited to talk real estate investor 's top financial.. Out using whatever percentage return youre comfortable with picture of scott Trench: but well her... Party for many years put that book in the show notes in case people want to know about this in. 5 million, and the three levels FI you spend around $ 4000 a month into index funds, it... Is to say, Hey, real estate investing my name in the show notes case! Change in immediately are the best types of real estate investor youre kind enough to send it me! $ 100,000 than there is from going from zero to $ 25,000 was focused on and! As much as they can now, because it only gets more difficult later much for being here had act! The real power of it in a short period of time involves working harder and than. This point, a link to the white ethnicity one part of a strong portfolio in! Degrees in economics and history, corporate strategy and finance can do is prepare a... Watch the Podcast here Watch the Podcast here Help us out of a strong portfolio going put... Hanging out on my 500-foot yacht resources for people who want to get updates... If youre following that, I actually [ 00:01:46 ] Bigger Pockets obviously has tons of amazing resources people! Wish that people can use just like a regular wallet to store their card and! Degrees in economics and history, corporate strategy and finance got interested in personal finance real! Moment, no information about his parents or siblings is available ( which well obviously talk about here soon well! $ 100,000 than there is from going from zero to $ 100,000 he serves the!

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