103: Budgets Really ARE Sexy! with J. Money

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 16 December 2019

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

J Money wasn’t necessarily BAD with money, but his first home purchase - made because everyone else was doing it - prompted him to seek out advice about money. He stumbled upon the blogging world and was enthralled with the transparency. Here were real people talking about real issues they were facing - similar to what he was going through himself. He started his own blog called BudgetsAreSexy, and soon was approached by someone who wanted to buy an ad on the site. A new source of income generation! His blog success brought attention from national news sites, and traffic grew exponentially once they started sharing his articles. But as traffic grew, so did his time commitment. As he became more entrenched in the blogging space, he discovered that people buy and sell blogs - so he started flipping web sites. Another source of income generation. When it came time to choose between his full time job and his side hustle, he discovered the decision was made for him when he was called into his manager’s office and let go. (The company later went out of business.) Thrust into entrepreneurship, J buckled down with his spending, and discovered that Budgets really ARE sexy, and they can be the key to your financial success. Topics: J's journey with money How he came across blogging world What his biggest financial regret is Building income on buying blogs Where he got his blog name "Budgets Are Sexy" How he handle his personal financial position The moment he created his budget The 'no spend month' challenge Talking about his net worth How important time for him is What his wife doing for work His plan for the future His advice on starting a blog The biggest help to fix his finances The reason why he was called as Miley Cyrus of finances And SO much more! Links: 70+ Ways to Make Money on The Side - Budgets are Sexy Do You Know Your Insurability? - Budgets are Sexy Reddit BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner BiggerPockets Real Estate Podcast BiggerPockets Forums Blogger.com Listen Money Matters BiggerPockets Money Podcast 45: The Truth About Entrepreneurship with Matt Giovanisci Profiles: Budgets are Sexy Rockstar Finance J. MONEY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast Show Number 103 where we interview Jay Money from Budges Are
0:05.8	sexy and we get his story of financial independence.
0:09.7	Just being conscious of what you're doing and same with their money, right?
0:12.9	Like why am I spending my money?
0:15.1	Like am I glad this money is going to this spot?
0:18.1	You know, it's a really simple question.
0:19.7	Everyone knows how to save.
0:21.1	It's not that complicated or hard. It's just hard to do it.
0:24.6	You know, it's hard to not spend when you want to spend.
0:27.6	Hello, hello, hello. My name is Mindy Jensen and with me as always is my amazing co-host Scott Trench. Scott and I are here to show
0:35.1	you that wherever you are in your journey you can begin rapidly moving towards a position of
0:39.5	financial freedom capable of generating a great income, saving a huge percentage of that
0:44.5	income, and setting yourself up to make larger and larger investments. That's
0:48.5	right. Whether you want to retire early and travel the world, go on to make big
0:51.5	time investments in assets like real estate or
0:53.5	start your own business will help you build a financial position capable of
0:57.3	launching yourself towards your dreams. The market is a little messy right now.
1:01.6	Stocks aren't stable.
1:03.0	Crypto is tanked and high mortgage rates are making it hard to buy.
1:06.4	But what if you could be the one doing the lending and take home that high interest
1:09.8	payment? With I-R-R-R-O-Lones, you can. I-R-R-R- I-Rock loans sells first-position mortgages at 12% annual returns paid monthly.
1:18.0	That's three times higher than a CD rate. Your loans are backed by the greatest hard asset in history, real estate, and while home values may go up and down,
	...

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