#266: From Living On Tips to Financial Independence - One Woman's Journey
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 21 November 2022
⏱️ 64 minutes
🧾️ Download transcript
Summary
Episode #266 - Barbara Sloan spent two decades working in every imaginable position in the service industry all over the country. She learned how to not only live off tips, but turn them into an engine for financial independence. In this interview with Coach Carson, Barbara shares her story, the lessons she learned, and how others can achieve financial goals earning tips or other non-traditional income.
COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/tippedfinance/
Barbara's Website: http://www.tippedfinance.com
Barbara's Instagram: https://www.instagram.com/tippedfinance/
Barbara's Book: https://www.amazon.com/Tipped-financial-waitresses-bartenders-professionals/dp/B0BBQDR4FS
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- American IRA - invest your retirement accounts into alternative investments like real estate, private loans, partnerships, and more https://www.coachcarson.com/americanIRA
- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine
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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/
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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook
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Transcript
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| 0:00.0 | tracking your income is step number one. One, because when you realize that this industry is not |
| 0:05.6 | suffering from an income problem, then there's power there. When you see how much money is coming |
| 0:10.8 | in the door and going out the door, that's when you begin to start to realize that change is possible, |
| 0:15.1 | that moving things is possible. When you're like, oh my gosh, that's how much I made in a year, |
| 0:19.6 | then you can start to claim that as well. And that's what gets you to homeownership. That's what gets you |
| 0:24.7 | to Social Security. That's what gets you to unemployment if you need it. Habit and automation is |
| 0:29.3 | everything in the game of wealth building. Welcome to the Real Estate and Financial Independence Podcast. |
| 0:43.0 | I'm your host, Chad Carson. |
| 0:44.2 | You can also call me coach, and this is a show all about helping you get out of the |
| 0:47.2 | financial grind so you can do more of what matters. |
| 0:49.9 | Whether you're a first-time listener or a long-time listener, thank you for being back for |
| 0:53.3 | another episode. |
| 0:59.8 | The title of today's episode is One Woman's Journey from Living on Tips to Financial Independence. This is an interview with Barbara Sloan, and I really feel fortunate to be the person |
| 1:05.4 | who gets to interview amazing people like Barbara. Not only are they small and mighty investors, |
| 1:10.4 | she is kind of the epitome of a small and mighty investors. She is kind of the |
| 1:11.2 | epitome of a small and mighty investor. She has one rental property with her spouse and does very |
| 1:16.9 | well. It's a long distance. She lives in New York City. It's in Boston. And it produces good income. |
| 1:22.0 | She also has traditional investments and owns a business, a construction business in Manhattan. |
| 1:27.3 | And so she's achieved financial independence. |
| 1:29.3 | But the really amazing thing to me is also to hear how she got there, the story behind it. |
| 1:34.3 | She started off in her teen years, not going to college, had a very difficult, challenging |
| 1:39.0 | family situation, which I'll let her talk more about in the interview. |
... |
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