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BiggerPockets Money Podcast
BiggerPockets
- 47 minutes 52 secondsFIRE at 50: The 4-Year Journey That Made Early Retirement a Reality
Could a few years of aggressive saving put you in the fast lane for financial independence? Is the grind even worth it? Today’s guest was well on his way to a comfy retirement but had never thought about retiring early. Then he discovered the FIRE movement, and with just four years of all-out hustle, he was able to retire at fifty!
Welcome back to the BiggerPockets Money podcast! In 2020, Eric Reinholdt experienced a financial “awakening” that set him on a death march to FI and early retirement. For four years, he minimized his spending, maximized his savings, and threw every extra dollar at his investments. Today, he’s “chubby FI,” has a paid-off house, and is recently “retired”— working just ten hours per week on his own business while preparing to travel the world in 2025!
But was the glamorous destination worth the grueling journey? Should Eric have started earlier or slowed down to reach his FI number? Tune in to hear about the major lifestyle changes he and his wife made to accelerate retirement, the different levers he pulled to grow his nest egg, and the steps you might need to take if you want to replicate his success!
In This Episode We Cover
How this entrepreneur reached “chubby FI” by the age of fifty
When to slow down and enjoy the journey to financial independence
Flexing your “spending muscle” while saving for an early retirement
Why building your own business gives you a huge “buffer” for FIRE
Why you need monthly financial check-ins with your significant other
What Eric plans to do in retirement (and why he’s NOT giving up work entirely!)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Buy Scott’s Book, “Set for Life”
Find Investor-Friendly Lenders
FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement
(00:00) Intro
(01:25) Discovering FIRE
(05:01) Major Lifestyle Changes
(14:15) High Income + Low Expenses
(22:53) “Retired” at Age 50
(27:08) Eric’s Investment Portfolio
(33:35) Life in Retirement
(37:14) Connect with Eric!
(38:06) A “Cheat Code” for Wealth!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-581
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
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15 November 2024, 10:00 am - 58 minutes 21 secondsDo You Need Debt to Reach FIRE? How to Use Leverage to Build Wealth
Is paying off debt or investing (and potentially using more debt) the best way to reach FIRE? The average American has $104,215 in mortgages, student loans, credit cards, and other debt. Where do YOU stand? If the end goal is FIRE, you need a game plan for your debt, in which case this episode is for you!
Welcome back to the BiggerPockets Money podcast! Not all debt is bad. When used responsibly, it can be a powerful tool that allows you to buy appreciating assets and hedge against inflation. Today, guest co-hosts Kyle Mast and Amanda Wolfe join our panel to share their thoughts on debt. We’ll share how much debt we each have (ranging from zero to millions), how our philosophies on debt have evolved, and how debt can ultimately help you reach FIRE.
But that’s not all. We’ll also discuss the types of bad debt that could derail your FIRE journey and the investments you don’t want to be stuck with during an economic downturn. We’ll even get into the most important financial protection against debt risk—savings and reserves—and why these funds should grow proportionally to your debt!
In This Episode We Cover
Paying off debt versus investing (and which strategy is best for FIRE)
Why well-leveraged debt is one of the best long-term hedges against inflation
The types of debt that could propel you toward an early retirement
“Bad” real estate investments you don’t want to be holding during a market downturn
The most irresponsible uses of debt (that you should avoid at all costs!)
Why you should always grow your savings and reserves in tandem with debt
How much debt WE have (and how our opinions on debt have changed)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Buy Scott’s Book “Set for Life”
Find Investor-Friendly Lenders
Pay Off Student Loans or Invest in Real Estate: Which Makes You Wealthier?
(00:00) Intro
(01:23) How Much Debt WE Have
(06:15) Paying Off Debt vs. Investing
(13:46) Starting Your FIRE Journey
(21:51) Debt Strategy 101
(31:38) “Unreasonable” Debt
(38:23) Bad Real Estate Investments
(46:48) Key Takeaways
(50:18) Connect with Kyle and Amanda!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-580
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
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12 November 2024, 10:00 am - 25 minutes 49 secondsHow to Retire Early in Your 40s by Supercharging Your Savings
Yes, it’s possible to retire early, even if you’re just now diving into the FIRE movement. Early retirement could be within reach whether you’re in your twenties, thirties, forties, or fifties. Imagine having complete freedom in a decade or less: no office politics, no boss, and, best of all, no spreadsheets! That’s the life Arik Peterson built when he retired early at forty-four, leaving behind a demanding career in corporate investing.
After reading Mr. Money Mustache’s unmatched FIRE blog, Arik drastically changed his saving and investing habits, increasing his savings rate to seventy percent and redirecting his money into simple, steady investments many overlook. Today, his life looks vastly different—he spends his days fishing, biking, creating art, and working on DIY projects instead of staring at a computer screen, crunching numbers.
In this episode, Arik shares his complete strategy for reaching financial independence, why he’s skeptical of the 4% rule, his current investment choices, and how an unexpected layoff turned into his golden opportunity. Ready to ditch corporate America? Follow Arik’s plan!
In This Episode We Cover
Why you must increase your savings rate if you want to reach FIRE fast
The simple, low-cost investment Arik has in his early retirement portfolio
Why you don’t need to follow the 4% rule to finally quit your job and retire
Making money in retirement and living off of side income streams
Arik’s killer advice for Roth investing that could make you tax-free millions
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Get to FIRE Faster “Set for Life”
Find an Investor-Friendly Agent in Your Area
What to Do Before You Quit the High-Pay & Benefits of Corporate World
(00:00) Intro
(00:58) Discovering FIRE
(02:11) A VERY Stressful Job
(04:58) Secret to Get to FIRE Faster
(08:35) “Obsessing” Over Money
(10:16) What He Invests In
(12:44) Ignore the 4% Rule?
(14:22) FIRE at 44!
(17:07) Connect with Arik!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-579
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
8 November 2024, 10:00 am - 40 minutes 12 secondsThe Best (and Worst) States in the US to Retire in 2024 (FIRE Faster?)
Should you move to reach FIRE? And if so, where to? In this episode, we’re pulling back the curtain and revealing the best places to retire in the US in 2024. Living in one of these states could help fast-track financial freedom, and moving there for retirement could help your nest egg go further and improve your quality of life!
Welcome back to the BiggerPockets Money podcast! Alex Gailey, a lead data reporter at Bankrate, has ranked all fifty states for retirement based on five weighted “buckets” made up of dozens of crucial data points. Today, she joins the show to share her findings with us. Whether you’re looking to put down roots in a low-cost-of-living area or find a location that delivers your ideal retirement lifestyle, this list of states is a useful launching point for one of the most important life decisions you’ll ever make!
In this episode, you’ll learn how changing your address could accelerate your financial independence timeline and allow you to retire early. Alex will break down the five factors people value most in retirement—affordability, well-being, cost and quality of healthcare, weather, and crime. Stay tuned to find out which states came out on top and which states you might want to avoid. The results even surprised us!
In This Episode We Cover
Breaking down Alex’s list of best (and worst) states to retire in the US
How to accelerate your FI timeline simply by changing your address
The top five “buckets” that make up an ideal retirement destination
The most crucial factors to consider when choosing where to retire
How to take advantage of unique opportunities in high-cost-of-living areas
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Best and Worst States for Retirement
Buy Scott’s Book “Set for Life”
Find an Investor-Friendly Agent in Your Area
How to Get PAID to Live in an Affordable City & Fast-Track Financial Freedom
(00:00) Intro
(01:26) Alex’s Criteria
(05:05) Best and Worst Places to Retire
(11:38) Biggest Surprises
(22:32) Retiring in an Expensive Area
(29:10) Connect with Alex!
(29:43) Accelerate Your FI Timeline!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-578
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
5 November 2024, 10:00 am - 57 minutes 21 secondsFinance Friday: Signs You’re Saving TOO Much for Retirement
Are you saving TOO much for retirement (or early retirement)? Could you retire years sooner than you think? Will retirement expenses be even less than what you spend now, allowing you to reach FIRE faster with a smaller nest egg? Today, we’re getting into that exact question as Finance Friday guest Ethan asks how he can ensure he’s on the right track for early retirement by age fifty-five. And if you’re like Ethan, you could retire RIGHT NOW…but should you?
Ethan is spending a LOT of money every month. He’s got two kids in private school, extracurricular sports fees, pricey car payments, and a mortgage. The good news? He’s raking in cash at his high-paying tech job! His current expenses cost him nearly $20,000 per month, but this number could be cut in half (if not more) once his kids leave the house. This means that his FIRE number might be a fraction of what he thinks it has to be to retire early.
Speaking of early retirement, is it wise to leave such a high-paying career to sit on the beach all day? Ethan has the skills and the energy to make a sizable income, so what should he do instead of full-time work once he reaches early retirement? Should he transition to part-time consulting, focus more on rental property investing, or buy a business?
In This Episode We Cover
Why your FIRE number may be WAY off from what you need to retire early
The retirement expenses that disappear once your kids are out of the house
Making money in retirement and whether buying a hands-off business is your best bet
Planning for future weddings and how much you should set aside for your kid’s big day
Limiting your taxes by qualifying for real estate professional status (REPS)
Whether or not you’re keeping too much cash on hand (is the bank account interest worth it?)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Get on the Path to Early Retirement with “Set for Life”
Dude ACTUALLY Withdraws From His 401(k) and Retires at 47 w/Eric Cooper
(00:00) Intro
(04:27) Money Snapsho
(12:44) Current Net Worth
(15:11) Work Less, Travel More?
(21:10) Early Retirement Expenses
(27:02) Buy Rentals for Retirement Income
(33:59) Paying Too Much in Taxes
(38:22) Downsizing Houses and Next Steps
(44:40) Saving for Future Weddings
(48:52) How Much Do You NEED to Retire?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-577
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
1 November 2024, 9:00 am - 45 minutes 55 secondsReviewing Our FIRE Journeys, Timelines, and Single Biggest Regret
You can attack financial independence from one of two angles. You can create a strict timeline for achieving FIRE, or you can calculate your FIRE number and take your time with it. Which approach works best, and should you ever move the goalposts? Stay tuned to find out!
Welcome back to the BiggerPockets Money podcast! Today, Scott and Mindy are reflecting on their journeys to financial freedom—how they started, set realistic objectives, and allowed those objectives to evolve. They’ll also share about the major “events” that propelled them toward their goals, the big lifestyle changes they have made since reaching financial independence, and the ONE thing they wish they had done differently!
Whether you’re starting from zero or already on your way to FIRE, there are some personal finance fundamentals you’ve got to master: lowering your expenses and increasing your income. This combination will allow you to save more money, multiply your investments, and accelerate your FI timeline. But that’s not all. You’ll also hear about the job “trap” that keeps so many people from reaching FIRE, and why time (NOT money) is the resource we’re all actually chasing!
In This Episode We Cover
The crucial figure you need to pin down before setting your FI timeline
Why time, not money, is the resource every FIRE-focused person really wants
When to move the goalposts on your quest for financial independence
The job “trap” that holds you back from FI (and how to get out of it!)
The two-pronged strategy that will accelerate your path to early retirement
Spending less and earning more (so that you have more money to invest)
Scott and Mindy’s number one “regret” from their aggressive pursuit of FI
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Buy Scott’s Book “Set for Life”
Find an Investor-Friendly Agent in Your Area
BiggerPockets Money – Episode 563: Why Aren’t More “Normal” People Achieving FIRE?
(00:00) Intro
(00:49) The FI Timeline
(06:59) Lifestyle Changes After FI
(10:25) Getting Your Spending in Check
(17:14) Low Expenses + High Income
(24:40) Escaping the Job “Trap”
(31:04) Creating Milestones
(37:50) Share Your Journey with Us!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-576
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
29 October 2024, 9:00 am - 51 minutes 25 secondsFinance Friday: FI by 40? Make These Career and Investment Moves Now
Everyone wants to become “work-optional” at some point. Having enough money in investments and the bank would allow you to choose the job you love most, whether that’s running your own business, working part-time, or today’s guest, Travis’ dream, becoming a mountain biking guide. With a solid salary, dual income, and no plans for kids, he and his wife are on the fast track to FIRE, but can they get there by his goal of forty years old?
Travis’ wife may have an option to get a significant salary bump, allowing them to travel the country while she works, and Travis stays making money from his computer. But, even this may not be enough to get them to the “work optional by forty” goal they had set out for themselves. Scott and Mindy believe they need a financial “oomph” to get them over the edge, but what’s the next best move?
Should he stop his retirement account contributions to have more cash to invest for early retirement? Should he perform a live-in flip to make more money on the side while working his job? Would a side hustle or part-time job bridge the investing gap between where they are and where they need to be? If you’re stuck feeling like you can’t get to FI fast enough, this episode is for YOU!
In This Episode We Cover
How to fast-track your FIRE and become work optional in under ten years
House hacking and why it’s one of the best ways to lower expenses and build wealth
Live in flipping and how to turn your next home purchase into a money-making investment
Whether you should stop investing or double down on your retirement accounts when shooting for early retirement
Roth conversion ladders, HSAs (health savings accounts), and how to access retirement funds even earlier
Increasing your income by job hopping and leveling up the skills that’ll make you more
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
How to Access Retirement Funds Early
Grab the Book “First-Time Home Buyer”
Finance Friday: How to Get to Early Retirement Even Faster
(00:00) Intro
(01:07) Goal: FI by 40!
(03:13) Money Snapshot
(04:14) Work Optionality!
(05:50) Stay at His Job?
(15:00) Traveling to Make More Money
(20:38) Stop Investing in 401(k)?
(31:13) Live in Flipping
(42:39) Can Travis Hit FI by 40?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-575
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
25 October 2024, 9:00 am - 55 minutes 32 secondsFast-Track FI by “Gamifying” Your Finances and Making Your Own Luck
The combination of saving money and buying rentals is a recipe for reaching financial independence much faster than you thought possible. Just ask today’s guest, who started with tens of thousands of dollars in debt but was able to achieve FI in just a few years!
Henry Washington is a real estate investor, author of Real Estate Deal Maker, and co-host of the On the Market podcast, but he doesn’t have your typical “rags-to-riches” money story. Despite an upper-middle-class upbringing and landing a six-figure job right out of college, Henry was a serial spender. Before he knew it, he had racked up $40,000 in credit card debt and was told by banks that he was unlendable. Horrified by what his family’s future would look like on its current trajectory, Henry was determined to get his finances in check. He caught the real estate bug, attended meetups and networking events, befriended other investors, and found his first deal!
Henry went on to build and scale a real estate portfolio of over 140 units, and in this episode, he provides actionable advice that will help you break into real estate—whether you aspire to own a single rental property or twenty. Along the way, you’ll learn about “gamifying” your way to financial freedom, funding a down payment without money in the bank, and the recession-proof investing strategy Henry still uses today!
In This Episode We Cover
How Henry scaled his real estate portfolio to over 140 units in just seven years
How “gamifying” your finances can turn you from a spender into a saver
Why finding good deals is the key to a recession-proof investing strategy
Getting a crash course in real estate investing through local meetups and networking
Creative ways to come up with the down payment for an investment property
The three phases of rental property investing that lead to generational wealth
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Rich Dad Poor Dad by Robert Kiyosaki
Buy Henry’s Book “Real Estate Deal Maker”
Find Investor-Friendly Lenders
30 Ways to Find Good Real Estate Deals in 2024
(00:00) Intro
(01:10) Racking Up $40K Debt
(06:06) Catching the Real Estate Bug
(11:24) “Gamifying” Finances & Networking
(16:37) Henry’s First Deal
(24:18) Making Your Own Luck
(30:17) Henry’s Current Portfolio
(36:26) Saving His Rental Income
(43:22) How to Get Started in 2024
(46:39) Connect with Henry!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-574
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
22 October 2024, 9:00 am - 31 minutes 51 secondsOn Track to Retire a Millionaire After Living Paycheck to Paycheck
Just a short while back, Marisa Mae was caught in the paycheck-to-paycheck trap, her credit cards stretched to their limits with no emergency savings to speak of, all while wrestling with constant financial stress. Today, she’s on a clear path to retire as a millionaire. Her secret? Mastering the art of debt repayment without succumbing to severe frugality. Marisa managed to eliminate five-figure consumer debt, not by cutting out her cherished coffee runs, but by smart financial planning. Isn’t that supposed to be a big FIRE faux pas?
Marisa’s turning point came at rock bottom—stranded without a place to stay or a dollar to her name. But instead of going back to restrictive budgeting and punishing herself for her overspending, she built a financial plan that worked specifically for her.
Now, Marisa is ready to show others that achieving financial freedom, eradicating debt, and even starting to invest can all happen WITHOUT cutting everything enjoyable out of your life. If you’re battling to escape bad debt, Marisa’s approach could liberate you faster than you think—even if you struggle to find financial balance.
In This Episode We Cover
How Marisa went from a financial “mess” to being on track to become a millionaire in retirement
The spending hack that allows you to treat yourself WITHOUT going over budget
Why you CAN invest while paying off debt (and the right way to do it)
Why taking on good debt to grow your business/side hustle isn’t a bad thing
The “slow” path to becoming debt-free that is MUCH more successful than the beans and rice diet
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Get Your Personal Finances in Check with “Set for Life”
Find an Investor-Friendly Agent in Your Area
How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!)
(00:00) Intro
(01:05) Paycheck-to-Paycheck and Worth $0
(04:29) Enough is Enough
(07:20) Paying Off Debt While Still Spending
(10:21) Investing While in Debt!?
(14:41) Finally Debt-Free?
(16:58) Managing Her Money
(21:38) Best Tip for FIRE
(24:08) Connect with Marisa!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-573
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
18 October 2024, 9:00 am - 46 minutes 20 secondsShould You Keep or Sell Your House? Use This Tool to Find Out in Minutes
Should you sell your house or keep it as a rental property in 2024? What you do with your home today could create a million-dollar swing in your portfolio ten, twenty, or thirty years from now. Fortunately, we’ve developed a powerful new tool to help you make the best decision for your financial future!
Welcome back to the BiggerPockets Money podcast! If you refinanced your mortgage around 2021, chances are you’re sitting on a low interest rate the likes of which we’re unlikely to see again. The recent rise in rates and home prices has created a “lock-in effect,” where millions of homeowners are disincentivized to sell. But does it make sense to sell if you can roll your home equity into another wealth-building asset? Could you convert your house into a rental and create hundreds of dollars in monthly cash flow?
Today, we’re giving you a step-by-step walkthrough of our new “Keep or Sell Your Home” worksheet. We’ll compare four outcomes—selling your home to buy another property, selling your property and investing in stocks, keeping the property and hiring a property manager, and keeping the property and becoming a landlord. Along the way, we’ll use several examples of homeowners so that you can get an idea of where you might stand!
In This Episode We Cover
A step-by-step walkthrough of Scott’s new “Keep or Sell Your Home” worksheet
Two realistic examples of when to sell your home or keep it as a rental property
The numbers you need to make a rock-solid decision on your investment property
The crucial question you should ask before keeping or selling your home
How ONE decision can impact your future by hundreds of thousands of dollars (or more!)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Put Your Vacation Rental on Autopilot with Hospitable
Buy the Book “Real Estate by the Numbers”
Find an Investor-Friendly Agent in Your Area
Download the “Keep or Sell Your Home” Worksheet
Millions of Americans Should Keep Their Homes as Rentals, Not Sell. Here’s Why
(00:00) Intro
(05:11) Using the Worksheet
(12:15) How Much Would You Make?
(14:36) Breaking Down Your Options
(20:08) Keep or Sell This Property?
(29:11) The “BiggerPockets” Homeowner
(34:54) Try the Worksheet!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-572
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
15 October 2024, 9:00 am - 58 minutes 9 seconds4 Ways to Make Passive Income from Real Estate (Don’t Quit Your 9-5!) w/Devon Kennard
Real estate investing is one of the best vehicles for building wealth, reaching financial independence, and saving for retirement, but you don’t need to become a full-time investor to reap the benefits. If you have no plans to leave your W2 job or manage rentals, there are several ways to use real estate for passive income!
Welcome back to the BiggerPockets Money podcast! When Devon Kennard entered the NFL, he ran into more money than he had ever made. But with no guarantee of a pay raise or second contract, Devon forewent the flashy car and multi-million-dollar home and started saving and investing instead. Shortly after buying his first rental property, Devon realized that he was going to need passive or semi-passive income streams if he wanted to have success on the football field. He landed on four different types of passive investments that have helped him scale his portfolio to twenty-nine doors and over forty syndications!
In this episode, Devon talks about the importance of increasing your income in your working years and why small wins make all the difference early on in your investing journey. You’ll also learn about the dangers of “shady” real estate syndications and how to properly vet an operator, as well as the differences between fast and slow money!
In This Episode We Cover
How Devon scaled his real estate portfolio while playing in the NFL
Four passive real estate investing strategies you can use today
Speeding up your financial independence timeline with real estate side hustles
Fast money versus slow money (and which bucket you should be filling)
The pros and cons of syndications and how to weed out “shady” operators
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Buy Devon’s New Book “Real Estate Side Hustle”
How to Make Truly Passive Income with “Syndication” Real Estate
(00:00) Intro
(07:56) Saving $1M in 3 Years!
(15:37) Making “Small” Bets
(21:08) Passive Real Estate 101
(31:59) Devon’s Portfolio & Strategy
(39:17) “Shady” Syndications
(45:56) Commercial Investing
(47:08) Devon’s New Book!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-571
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
11 October 2024, 9:00 am - More Episodes? Get the App
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