336: Finance Friday: Six-Figure Passive Income in Just 4 Years!
BiggerPockets Money Podcast
BiggerPockets
4.5 • 3K Ratings
🗓️ 16 September 2022
⏱️ 56 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Welcome to the Bigger Pockets Money Pied Cash Show, number 336, Finance Friday edition, |
| 0:05.6 | where we interview Travis and talk about conservatively investing in cash flowing real estate. |
| 0:11.2 | There's nothing wrong with the $10 million network, but those numbers do seem like you just grab them out of thin air. |
| 0:18.6 | So I would encourage you to look into the reasoning behind those numbers or create some reasoning behind the numbers |
| 0:25.8 | and maybe those numbers would change because if you wait 10 years to get your $10 million portfolio |
| 0:33.3 | and then you're like, oh, I could have retired five years ago with a $5 million portfolio or a $2 million portfolio |
| 0:38.3 | and I would have been just as happy, then you've spent a lot of extra time working with me too. |
| 0:44.2 | Hello, hello, hello, my name is Mindy Jensen and with me as always is my money savvy co-host, Scott Trent. |
| 0:49.6 | And with me as always is my minty as in minting new introductions about money. Scott and I are here to make financial independence less scary, less just for somebody else |
| 1:05.8 | to introduce you to every money story because we truly believe the financial freedom is attainable for everyone, no matter when or where you're starting. |
| 1:14.4 | That's right. Whether you want to retire early and travel the world, go on to make big time investments and assets like real estate, |
| 1:19.2 | start your own business or figure out what to do once you've won with money. We'll help you reach your financial goals and get money out of the way |
| 1:25.6 | so you can watch yourself towards those dreams. Scott, I think that this is my favorite episode that we have ever done that didn't feature Kyle |
| 1:34.0 | Mask as a host or as a guest. He is so good. Travis has a fabulous portfolio. He's a little light on his Roth IRA contributions. I will say that, but he is in such a fabulous |
| 1:49.1 | financial position. I love him so much. This was a fantastic episode. And I think anybody listening, anybody who is interested in investing in real estate, the right way needs to listen to this episode. |
| 2:01.5 | Yeah, I think that this guy is just fantastic. He 30 years old. He's done. He's financially independent way overshot financial independence at this point in time. |
| 2:11.7 | He's so humble and so kind of hardworking and down to earth about his position. He didn't even realize it. Really until we talked about it today. |
| 2:21.7 | I guess I am financially dependent by a lot. That was the revelation that's still happening. |
| 2:29.7 | Three times over. |
| 2:31.7 | It's just fun because he's got all the fundamentals so perfectly dialed in with such low expenses, such low cost living, such high work ethic. That after this kind of five year grind that he's executed, he can look up now and be like, whoa, I have incredible options here. |
| 2:47.7 | One of the biggest callouts I'll have from this episode is the job is irrelevant. This is going to be a rare outcome. Not many people are going to experience this. |
| 2:55.7 | But it's just interesting in his position. His real estate portfolio generates so much more income than his job does today that it makes his job very low relevancy to his position. |
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