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Radical Personal Finance

331-Financial Independence with Real Estate Starting With No Money! Interview with Chad Carson

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 10 May 2016

⏱️ 49 minutes

🧾️ Download transcript

Summary

My guest today is Chad Carson. Chad is a real estate investor and financial freedom pursuer. 

I've invited him on today's show to share his story of how he began investing in real estate with no money and how he's built his empire to a place of financial freedom today.

Enjoy!

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge,

0:06.3

skills, insight, and encouragement you need to live a rich and meaningful life now while

0:11.6

building a plan for financial freedom in 10 years or less.

0:14.3

Today my guest is Chad Carson, aka coach Carson.

0:18.3

He's a real estate investor and financial freedom advocate and Chad early retiree is that the case?

0:25.0

We're almost there it's kind of depends on how you define it.

0:29.0

I feel pretty good about my life right now.

0:31.0

I'll say that.

0:32.0

Awesome. Well welcome to Radical Personal Finance.

0:35.0

How do you define it?

0:37.0

Well, you know, I've been working on that for about 13 years and it's one of the reasons I got interested in your website looking at because you, I know you kind of pick apart the same thing about you know these different stages of financial independence and I've sort of come to that the best definition I can give is that I'm climbing a mountain and at the very peak of the mountain is this idea that I'm going to have a large number of assets and those assets pretty easily produce passive income that pay for my lifestyle.

1:04.0

And that's sort of the general big picture, but what I found for myself along the way is that I've hit a lot of

1:10.4

plateaus during that climb and some of those plateaus have been you

1:15.4

might not have a hundred percent of the income I need but I have half of it or I have

1:19.2

three quarters of it or I have a lot of money in the bank and I can take them at many retirement for a year or six months.

1:25.0

And so I guess I've sort of had our time to finding it because I've enjoyed the process a lot as well.

1:32.0

And I think I'm getting closer and closer to the peak and the actual definition I want but it's

1:38.4

It's been fun along the way too. So tell us your journey where did you start with working toward building financial

1:44.6

independence did you come from a privileged background or where did you start?

1:48.8

I did hit the ovarian lottery as Warren Buffett likes to say. I didn't have a bunch of money given to me,

1:54.4

but I had good parents who were very supportive

1:57.8

and I played football and so I got a college scholarship for my school and I got a school education for free. I didn't have any debt when I got a school education for free. I didn't have any debt when I got out.

...

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