meta_pixel
Tapesearch Logo
Log in
BiggerPockets Money Podcast

389: Finance Friday: How to DOUBLE Your Net Worth in 1 Year (or Less!)

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 3 March 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

oubling your net worth in only a year? Seems impossible, right? Is making such massive money moves during a down market even realistic? If you think it can’t be done, tune in, and you’ll hear exactly how repeat guest Yourri Dessureault did it. Yourri’s name may sound familiar; we talked to him back on BiggerPockets Money episode 236, where he spoke about trying to achieve a massive $7,000,000 retirement goal while making $120K per year. But, a lot has changed in seventeen-or-so months. Yourri has returned with a much bigger paycheck, a ten-unit real estate portfolio, and a net worth that dwarfs what he presented in 2021. So, how did he make such big moves, and what was the catalyst for him to get on the financial freedom fast track? Over the past year, Yourri has been extremely disciplined with his finances, looking at every dollar he had and asking whether or not it was doing the best it could. As a result, he’s decided to sell off some significant stock holdings, put his Bitcoin mining on pause, and go headfirst into the world of real estate investing. Now, with nine rental properties out of state, Yourri is starting to build an outsourced team that can work to help his wealth grow while he spearheads an effort to fund bigger, better deals. Through intelligent networking, Yourri found a “golden goose,” slowly feeding him real estate deals that’ll make him rich in no time. If you want to repeat Yourri’s almost unbelievable system for building wealth quickly, you’ll need to tune in! In This Episode We Cover Why Yourri said “bye-bye” to Bitcoin and hello to real estate investing How to get a raise at work and taking on more responsibility for a much larger paycheck Out-of-state real estate investing and using it to buy cheap houses with phenomenal cash flow Financing your rental properties and what to do when no one will fund your mortgage Selling stocks and when it’s time to trade passive investing for active income Traditional 401(k)s vs. Roth 401(k)s and which to pick when you’re in a high tax bracket And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy’s 2022 Live Spending Tracker and Budget Money Moment Finance Friday: Enjoy Life Before FI with Simple Investing Strategies Your Step-by-Step Guide to Buying Out-of-State Investment Properties Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less) Click here to check the full show notes: https://www.biggerpockets.com/blog/money-389 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Bigger Pockets Money Podcast.

0:02.6

Finance Friday recap edition where we catch up with Yuri and see if he's still mining Bitcoin to

0:08.8

heat his house. And part of that is the fact that I took the non-financial advice that you and

0:14.4

Scott may have thrown out into the win and said, hey, let's reevaluate and see, am I taking

0:19.7

optimization to a extent where I'm stepping over the dollar to pick up the dollar.

0:27.0

So I did readjust accordingly and that's I think really the thing that we probably want to discuss

0:31.9

today because it was a vehement switch in the approach. Hello, hello, hello, my name is Midi Jensen

0:37.6

and I'm solo today with Yuri. I am here to make financial independence less scary, less just for

0:44.0

somebody else to introduce you to every money story because I truly believe financial freedom

0:49.0

is attainable for everyone, no matter when or where you're starting. Whether you want to retire

0:54.4

early in trouble the world, go on to make big time investments in assets like real estate,

0:58.8

start your own business or just heat your house with Bitcoin. We'll help you look,

1:03.8

reach your goals and get money out of the way so you can launch yourself towards your dreams.

1:08.8

Today we're talking with Yuri. Yuri is our kind of like my favorite guest of all time because he is

1:16.0

a returning star. When we last spoke with him, he was living in Southern California in an A-frame

1:22.6

with solar panels that powered his old inefficient computer that he mined Bitcoin with. Not for the

1:29.6

Bitcoin per se, but for the side effect. The heat generated by that inefficient computer heated

1:36.1

his house. Literally my most favorite hack of all time and my most favorite way to use cryptocurrency.

1:43.7

Before we bring in Yuri though, I want to share with you our money moment. This is a new segment we

1:49.5

have where we feature a money hack tip or trick to help you on your financial journey. Today's money

1:55.6

moment, do you like to travel? Would you like to travel for cheap? House it. Sign up for sites like

2:01.7

trusted house sitters where you can be connected with homeowners to watch their house, water their

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.