151: From Single Dad w/ $61K in Student Loans to Financially Savvy Real Estate Investor with Tony J Robinson

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 16 November 2020

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

You may know Tony J Robinson as the co-host of the Real Estate Rookie podcast, but you probably don’t know his backstory. As a single dad working his way through college and student debt, Tony knew that he needed to have a plan in place to pursue his goals and find financial freedom. He also knew he didn’t want to repeat the same real estate mistakes as his parents. He went from an engineering student, to owning a small tutoring business, to marketing, and finally landed a sweet gig at Tesla! After paying off debt, creating a healthy reserve fund, and divvying his money into over 20 different checking accounts (yes, 20+), he was able to reap the rewards of smart financial management and chase down freedom through real estate. If you’re trying to consolidate debt, find ways to make more money at a job, or leverage creative funding to finance your next deal, Tony has a solution to your problem. In This Episode We Cover How job jumping can accelerate your raises and income growth Why EVERY investor (and person in general) needs a healthy cash reserve The importance of talking to your children about finance Why being good at math doesn’t mean you’re great at financial management How paying off debt can drive investment funding How to fight lifestyle/income creep so you can live below your means The strategy to leverage your stock portfolio for real estate funding Creating the “why” behind financial decisions And so much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey's Envelope System Explained BiggerPockets Money Podcast 149 with Nick Groover BiggerPockets Money Podcast 112 with Natalie Kolodij Rookie Podcast 10 with Tony Robinson Rookie Podcast 37 with Tony Robinson Check the full show notes here: https://www.biggerpockets.com/moneyshow151 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 151, where we interview Tony Robinson,
0:06.3	the new co-host of the Real Estate Rookie Podcast, and hear how he is building wealth through real estate.
0:12.0	Find a plan that resonates with you, right?
0:14.6	Like personal finances, like there's so many different opinions
0:18.4	from so many different people that if you try and listen to everyone
0:20.8	you'll just end up confused.
0:22.4	And you've got to find a process that works for you. And for me I took a little bit of the
0:27.6	Dave Ramsey, I took a little bit of my own stuff and I've just kind of like found this
0:31.7	system that works for me and I've really found my
0:33.9	groove so my thing is expose yourself as much as you can but then find the system that works for you
0:38.6	Hello hello hello my name is Mindy Jensen and with me as always is my fantasy football world champion co-host
0:45.2	Scott Trench. That's right thanks for that first place introduction Mindy.
0:52.1	Scott and I are here to make financial independence less scary.
0:55.8	Less just for somebody else and show you that by following the proven steps,
1:00.4	you can put yourself on the road to early financial freedom so you can get money out of
1:04.2	the way and leave your best life.
1:07.0	That's right.
1:08.0	Whether you want to retire early and travel the world, go on to make big time investments
1:10.4	and assets like real estate, start your own business, or build your own cash flowing
1:13.9	short-term rental business will help you build a position capable of launching yourself
1:18.0	towards those dreams. Scott I am super excited to have Tony on the podcast today. He is the new
1:28.9	co-host of the real estate rookie podcast. He made his debut last week and you can listen to the rookie
	...

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