Welcome to the bigger Pog its money podcast show number 278 finance Friday edition where we interview TJ and talk about asset allocation and reducing spending.

We have so many dynamic things in the future and we've been so aggressive with our investments up to this point that I feel like if we're going to go on this trip that I should be more conservative going into it.

But in the grand scheme of things if I if I continue to invest in real estate over the next few years that passive income will increase and hopefully help supplement more of the trip and make when we're gone less of a stressor.

Hello, hello, hello, my name is Nindi Denson and with me as always is my shine bright like a diamond co-host got changed that intro really has a nice ring to it.

Thank you, Mindy Scott and I are here to make financial independence less scary less just for somebody else to introduce you to every money story.

Because we truly believe financial freedom is attainable for everyone no matter when or where you're starting.

That's right whether you want to retire early and travel the world go on to make big time investments in assets like real estate, start your own business or make capital allocation decisions to the highest level.

We'll help you reach your financial goals and get money out of the way so you can launch yourself towards those dreams.

Scott, I'm so excited for today's episode. I can't wait for our listeners to hear it in the beginning.

TJ lists his salary and it is extremely high.

But I want you to continue listening because at first I was like, wow, what are we going to tell this guy?

We actually have a lot to say to him. We give him a lot of things to look into and a lot of things to consider when he is contemplating reducing his work time for the next couple of years or in a couple of years to go on a one or two year trip around the world with his kids.

And there are a lot of things for him to consider, including reducing his spending, which is not something that you would normally suggest to somebody with such a high income.

Yeah, I thought this was a fascinating episode. Spoiler, you know, TJ is worth two million bucks and earns over $300,000 in household income.

Yet has some challenges about the basic math of early retirement and how what kind of flexibility that position affords him and his family with that.

And I think it's a really good reminder to kind of come back to basics and look at the very simple math of what is my spending, what is my net worth. How does that relate from the 4% rule from a passive income perspective?

And how do I get control on those things? Where is my lever around spend less earn more, create or invest and looking at his situation?

I thought for sure it was going to be on the investing front and so did he, but I think it was really back to the basics of spending and there's a really important reason for that it was a multi million dollar decision as well.

We'll kind of unpack on the show for his particular financial position and I think it's a really it's it's just really fun and exciting to have these kinds of discussions with people who are really smart and really capable and really go looking for that that key leverage point to help them achieve their life goals.

With this I just had a blast in this one today. I hope it was helpful for TJ and I hope it's helpful for everyone listening.

Yep, I completely agree this is a lot of fun before we bring in TJ my attorney makes me say the contents of this podcaster informational nature and on that legal or tax advice and neither Scott nor I nor bigger pockets is engaged in the profession of legal tax or any other advice.

You should seek your own advice from professional advisors, including lawyers and accountants regarding the legal tax and financial implications of any financial decision you contemplate before we get into the show.

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