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Optimal Finance Daily - Financial Independence and Money Advice

2392: [Part 1] Getting a Mortgage When You Have Assets But No Income by Darrow Kirkpatrick of Can I Retire Yet

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 28 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Darrow Kirkpatrick of Can I Retire Yet talks about getting a mortgage when you have assets but no income. This is part 1 of 2. Episode 2392: [Part 1] Getting a Mortgage When You Have Assets But No Income by Darrow Kirkpatrick of Can I Retire Yet Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/getting-a-mortgage-when-you-have-assets-but-no-income/   Visit Me Online at OLDPodcast.com  Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Shopify.

0:03.0

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0:51.0

So go big, go bold, go beautiful and fly to Dubai with Virgin Atlantic Book Now.

1:01.0

This is Optimal Finance Daily, episode 2392.

1:05.0

Getting a mortgage when you have assets but no income.

1:08.0

Part 1.

1:09.0

By Darryl Kirkpatrick of Can I Retire Yet.com.

1:13.0

And I'm your host and personal finance enthusiast, Diana Mariam.

1:17.0

Now I have a bit of a longer post.

1:19.0

I'll read the first half today and then finish the rest for you tomorrow.

1:23.0

So let's dive into the first half and start optimizing your life.

1:31.0

Getting a mortgage when you have assets but no income.

1:35.0

Part 1.

1:36.0

By Darryl Kirkpatrick of Can I Retire Yet.com.

1:40.0

Most early retirees have no pension, annuity or social security income.

...

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