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BiggerPockets Money Podcast

253: 7-Figure Net Worth on a Middle-Class Salary w/ Adam Zaleski

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.53K Ratings

🗓️ 29 November 2021

⏱️ 89 minutes

🧾️ Download transcript

Summary

On the last day of a semester in college, Adam Zaleski’s geology professor dropped a bomb on his class: the professor was worth a staggering $10,000,000! The reason for telling the students about his net worth wasn’t to impress but to make the case that exponential growth is more likely than most people think. This taught Adam that he needed to choose a profession he enjoyed so he could continue to work, invest, and grow his wealth exponentially, just like his professor.  Adam did just that, and now, he’s a millionaire professor, working a casual thirty hours per week, doing what he loves! Adam knew from the beginning it was more important to make long-lasting, intelligent financial decisions, instead of chasing after a bigger salary. He did this right out of college, taking a serious pay cut to live in a state with far cheaper housing, allowing him to house hack, build wealth, and reach financial freedom. Now, Adam is looking to expand his real estate empire a little further, without having to sacrifice a large amount of time to do so. If you’re interested in partnering up with Adam or looking to chat about long-distance real estate investing, market analysis, or the best surf spots in Kauai, shoot Adam a message on BiggerPockets! In This Episode We Cover Why lifestyle choices are important when choosing your job, house, and investments  Understanding the value that comes with exponential wealth growth  House hacking and analyzing real estate markets with the most growth opportunity  Buying rentals in places you love, so you can write off the trip! Scheduling your rent raises so you keep up with market cash flow  The most important financial lessons of your 20s, 30s, and 40s And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the bigger Pog it's Money Podcast,

0:02.0

show number 253, where we interview at it,

0:05.0

Zalesski, and talk about designing the life you want to live.

0:09.0

And so for me, you know, there were a few people

0:12.0

in my smaller circle that saw the value

0:15.0

and that saw as a good thing, but I would say

0:17.0

nine out of ten people would say, don't do that,

0:19.0

that's a bad idea.

0:20.0

You need to take the more money, go to DC, you know,

0:23.0

don't go to Florida for 40 because

0:25.0

it's horrible in Florida, and now the houses

0:27.0

are selling for nothing.

0:28.0

And you're like, yeah, that's the point.

0:30.0

Hello, hello, hello, my name is Mindy Jensen,

0:32.0

and from time to time, Scott's schedule

0:35.0

is just a two jam pack to record with me.

0:37.0

Rather than miss a week, I'm bringing in some of my friends

0:40.0

to help me out.

0:41.0

Today's guest host is Jay Scott.

0:43.0

You know him from all over Bigger Pog it's

0:45.0

from our Fantastic Episode 70,

0:48.0

where I predicted this stock market crash of 2020

...

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