4.8 • 872 Ratings
🗓️ 2 January 2024
⏱️ 36 minutes
🧾️ Download transcript
Summary
Rayne shares her journey of house hacking and building a net worth of $2.1 million through real estate investments. She started by purchasing two-family homes and living in one unit while renting out the other. Over time, she acquired more properties and used the cash flow from rentals to cover most of her living expenses. Rayne emphasizes the importance of living below your means and being money-conscious. She also discusses her plans for the future, including potential vacation home purchases and continued investment in retirement accounts. Rayne shares her strategies for teaching her children about finances and the value of a dollar.
Takeaways
House hacking can be a great way to start building wealth through real estate investments.
Living below your means and being money-conscious are key to financial success.
Diversifying investments and taking calculated risks can lead to long-term growth.
Teaching children about finances from a young age can set them up for financial success in the future.
Click on a timestamp to play from that location
0:00.0 | It was a lot of sacrifices, a lot of living with tenants, a lot of living with other people. |
0:05.2 | We were on the third floor of an apartment, so we were going up and downstairs constantly, |
0:09.8 | but it was absolutely worth it in the long run. |
0:13.0 | We didn't know what house hacking was. |
0:15.2 | We didn't even know what we were really doing. |
0:17.0 | So we just kind of, we're figuring it out every single day, I guess. |
0:21.2 | Welcome millionaires and future millionaires. |
0:23.0 | You're listening to the millionaires unveiled |
0:26.0 | podcast, the show where you'll hear the stories and interviews of everyday |
0:29.7 | millionaires will unveil their decisions, their strategies, and their portfolio allocations. |
0:35.0 | Now to your host, J. Smattinson. |
0:40.0 | Welcome back to another episode of The Millionaires in Velve Podcast. This is episode |
0:44.2 | number 337. Happy New Year. To everybody out there, Stace, how's it going? |
0:51.8 | What's going to your role? How's 2024 starting for you? |
0:54.7 | You know I am 20 hours deep into 2024 and so far so far things are going swellingly. |
1:04.0 | So far so good. |
1:07.0 | You know, we got the kids starting goals today and I guess the last week here has been great. |
1:13.5 | And yeah, I'm excited. |
1:15.4 | 2024, Band, I'm pumped for this year. |
1:18.4 | I'm not about you, but I think this might be the best one yet, |
1:21.5 | we'll see. Hey, I appreciate the attitude. I think I'm always looking forward to a new fresh start and |
1:28.5 | and some optimism going forward. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Jace Mattinson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jace Mattinson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.