29: From $200,000 in Student Loan Debt to $150,000 Net Worth in 3 Years with Nick and Alyssa Parros

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 16 July 2018

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nick and Alyssa were high school sweethearts, who went to college where their family attitudes toward money came to light. Nick’s “save up for it” mindset saw him graduate with around $50k in student loan debt, while Alyssa’s more spendthrift attitude towards the college lifestyle had her graduating with $80,000 in debt—and her graduate degree piled another $60,000 on top of that. They got married and quickly discovered their vastly different views on money. Through budgeting, communication, spreadsheets and more spreadsheets, they are now on the same page and working toward financial freedom. Their curveball pregnancy didn’t derail them—it strengthened their resolve to get to FI through real estate and traditional investments. Links from the Show BiggerPockets Forums BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby Brandon Turner’s BiggerPockets Profile BiggerPockets Podcast BiggerPockets Forums Do Ask, Do Tell article Yahoo Finance GroVia Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Show Number 29.
0:04.0	Don't get overwhelmed with, I feel like people get overwhelmed with,
0:09.0	oh my gosh, this person is doing 700 different things and I don't even know where to start.
0:14.7	Start with one thing.
0:15.8	Start with writing down what you're actually spending.
0:18.2	Start with something.
0:19.4	Start with packing your lunch, you know, start there and then keep building.
0:24.0	It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,
0:29.0	barely scraping by.
0:30.0	Whether you're looking to get your financial house in order, invest the money you already have,
0:34.1	or discover new paths for wealth creation, you're in the right place.
0:39.0	This show is for anyone who has money or wants more.
0:42.0	This is the BiggerPockets Money Podcast.
0:45.0	How's it going everybody? I'm Scott Trench. I'm here with my co-host, Miss Mindy Jensen.
0:48.7	How you doing today, Mindy?
0:50.4	I am doing fantastic today, Scott. I'm talking to you from beautiful southern Utah.
0:55.5	I'm getting ready to attend a family reunion. There's really a big bunch of us and
1:00.2	we're kind of spread out all around the country. So we sort of threw a dart at the map
1:04.6	and tried to find a place that, well, on Airbnb,
1:07.3	we tried to find a house that could fit us all.
1:09.7	And two years ago, we found one,
1:11.3	but then it burned down to the ground in the fires in in and around Tennessee
	...

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