4.6 • 2.9K Ratings
🗓️ 26 May 2023
⏱️ 50 minutes
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0:00.0 | Welcome to the Bigger Pockets Money Podcast, Finance Friday edition, where we interview Sarah and talk about big debt with big future income. |
0:09.0 | Hello, hello, hello, my name is Mindy Jensen and with me as always is my non-physician co-host, Scott Trent. |
0:15.5 | Thank you Mindy, great to be here with my non-urgent but caring co-host, Mindy Jensen. |
0:21.5 | Scott and I are here to make financial independence less scary, less just for somebody else, |
0:26.5 | to introduce you to every money story because we truly believe financial freedom is attainable for everyone no matter when or where you're starting. |
0:34.5 | 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, start your own business, or model out the next 10 years of cash flows with an unusual financial position. |
0:45.5 | We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams. |
0:50.0 | Scott, that was interesting. You said unusual financial position. I think that their future financial position will be unusual in that they do have the potential to make high income, our guests today. |
1:04.0 | However, I think that their current financial position is also rather unusual because they are spending like they don't have any money and I think that's fantastic. |
1:15.0 | Absolutely. I love talking to Sarah today. I think that what's Sarah is a physician's assistant and her husband is a student, medical student. He's going to become a doctor. |
1:29.0 | These are folks that are going to have a very, very high income in a couple of years. What is remarkable about them is that they spend so little of that. They are so conservative with their spending, which gives them all the options in the world and makes financial planning, right? |
1:47.0 | They're strategizing super luxurious. They can really do so many things because of that situation. Look, I hear people poo pooing, oh, they are in a huge income. Of course, it's easy. Well, yes, we talk about every money story here. I'm bigger pockets money. |
2:02.0 | These folks are going to have a very high income. Again, what's remarkable about them is that they keep their spending low. Let's maximize the freedom and the life opportunity that comes with a good situation like this, which by the way is earned from getting good grades and working hard, your entire upbringing, being an elite student and then getting into medical school and completing a residency, consuming a lot of debt, so on and so forth and doing the same thing to a similar degree if you're going to become a physician's assistant. |
2:30.0 | So this is an earned privilege and we're we're excited to chat with them and talk about the wonderful opportunities they've got. Yeah, you don't accidentally become a doctor. You become a doctor on purpose through a lot of hard work. All right, Scott, the contents of this podcaster informational nature and our not legal or tax advice and neither Scott nor I nor Baker pockets is engaged in the provision of legal tax or any other advice. You should seek your own advice from professional advisors, including lawyers and accountants regarding the legal tax and financial implications of |
3:00.0 | any financial decision you contemplate. All right, before we bring her in, let's talk about our money moment, Scott. This is the money hack tip or trick that we share with our listeners to help them on their financial journey. Today's money moment is, are you finding that you're not driving as much as you used to look into dropping the mileage on your car insurance policy? It could save you over a hundred dollars a month. Do you have a money moment for us? Send it to money moment. |
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5:33.0 | When I became CEO of bigger pockets everyone said I had big shoes to fill but it wasn't the shoes that were the problem it was the pants when I go into the office I have to wear one pair when I work out another when I come back home yet another pair of pants are really shorts there's only so much pants changing you can fit into your day as CEO that is until I received my first shipment of bird dogs I decided to try them out because it looked cool but I was a little skeptical I got admit but when I put these things on everything changed oh my gosh they're the most comfortable shorts I've ever worn. |
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