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BiggerPockets Money Podcast

16: Financial Security Through Passive Income with Joel Larsgaard

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 16 April 2018

⏱️ 65 minutes

🧾️ Download transcript

Summary

As a kid, Joel Larsgaard watched his parents work jobs they didn’t like to pay for things they didn’t need. They missed out on some of the priceless moments that life has to offer, culminating in bankruptcy when Joel was 12. We discuss how that... Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Bigger Pockets Money, Show 16.

0:03.6

Even making $24,000 a year at my first job in radio, I was able to save up 20% down to put down on my

0:09.7

first house that I purchased in 2009.

0:11.9

And I think most people making that kind of money

0:13.7

think that's impossible. You know maybe I can get the 3.5% down to get an FHA loan

0:18.8

or maybe I can get 5% down and I'm still paying PMI every month and I'm not okay with that. I don't want to pay

0:24.3

pay p.m. I don't want to pay extra money that I don't need to pay. I'm not cool with fees. I'm not cool

0:28.3

with needless debt and so I think you can save you but it starts with a frugal lifestyle.

0:33.2

It's time for a new American dream one that doesn't involve working in a cubicle for

0:37.8

40 years barely scraping by whether you're looking to get your financial

0:41.2

house in order invest the money you already have, or discover new paths for wealth creation, you're in the right place.

0:48.0

This show is for anyone who has money or wants more.

0:51.0

This is the Bigger Pocket's Money Podcast.

0:54.0

How's it going everybody? I'm Scott Trench and I'm here with my co-host, Miss Mindy Jensen.

0:58.0

How's it going, Mindy?

0:59.0

Scott, I am doing great. I am really excited about this new thing that we're going to try.

1:04.0

We are implementing a new money tip that we'll share every week.

1:07.6

These should be tips that can have a big impact but can be implemented in 10 minutes or

1:11.8

less.

1:12.6

Some of the money changes that we talk about on the show

1:14.3

are really hard.

1:15.4

These money tips should be easy.

...

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