280: Finance Friday: Who Should (and Shouldn’t) Be Investing in Real Estate
BiggerPockets Money Podcast
BiggerPockets
4.5 • 3K Ratings
🗓️ 4 March 2022
⏱️ 64 minutes
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| 0:00.0 | Welcome to the bigger pockets money podcast show number 280 finance Friday edition where we interview Jeff and talk about real estate investing a few years ago |
| 0:09.0 | I stumbled upon I don't know where on the internet, but fire so I would like to eventually retire early |
| 0:15.4 | And I know before that you need to get financially independent first so right now the first steps |
| 0:21.3 | I guess we're looking for zone of becoming financially independent not sure exactly if we should do it through |
| 0:25.7 | stocks necessarily I mean we've been dabbling in this house hacking in terms of China see what it's like to be a landlord |
| 0:32.8 | And so far it's been pretty good. I mean we think we've just been blessed with a really great tenant |
| 0:39.3 | Hello, hello, hello. My name is Mindy Jensen and with me as always is my more fun than bubble wrap cohosts got to it |
| 0:45.8 | Well popping off introduction Mindy. Thank you so much |
| 0:49.4 | Scott and I are here to make financial independence less scary less just for somebody else to introduce you to |
| 0:55.2 | Every money story because we truly believe financial freedom is attainable for everyone no matter when or where you're starting |
| 1:01.3 | That's right |
| 1:01.8 | Would you want to retire early and travel the world going to make big-time investments in assets like real estate or start your own business |
| 1:06.8 | We'll help you reach your financial goals and get money out of the way so you can launch yourself towards those dreams |
| 1:28.5 | He is unsure about his investment strategy, but what we discover is that he's actually doing pretty good. He is being conscious of his spending |
| 1:38.0 | He is not just spending whatever he wants. I think they track their spending and they're doing |
| 1:45.1 | Continuous contributions to their 401k's and being very cognizant about their money |
| 1:51.2 | Which honestly is going to be one of the best things you can do is just be money conscious |
| 1:57.4 | Yeah, and the fundamentals are all set up. He's got no debt |
| 2:00.9 | He's you know there they're they're accumulating a healthy amount of cash each year and it's where do I deploy it real estate stock something else and |
| 2:09.6 | You know that the I think where there's a lean towards real estate and the implications that are |
| 2:13.7 | I think I think really fun to discuss and I think we had a great discussion and hopefully gave him some things to do along today |
| 2:19.4 | He's got several research opportunities and lucky for him |
... |
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