684: Seeing Greene: The “Energy of Money” and Why You’re Looking at Debt All Wrong
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 6 November 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.
Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reserves for your property, and why being scared of high interest rates could hurt you in the long run.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why quitting your job as a real estate investor could be a BIG mistake
The right way to house hack and how to maximize every piece of property you buy
Good debt vs. bad debt and why most people view mortgages the wrong way
Capital expenditure funds and how much to keep in cash reserves
High interest rates and when refinancing at a worse rate make sense
Seeing money as “energy” and using it to build wealth while others are scared to act
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
The Fed’s Plan for Future Interest Rates
Debt Is Good When It Comes to Real Estate
Join David’s “Behind the Shine” Newsletter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-684
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Bigger Pockets Podcast. Show 684. |
| 0:04.4 | The goal is to eventually use our business and then any other source of income that we can |
| 0:12.8 | to invest in real estate. I'd like to get one to two properties each year for the next five years. |
| 0:18.4 | And then long-term goal is eventually to have a portfolio that pays for our lifestyle |
| 0:24.7 | that we can go full time into. What's going on everyone? This is David Green your host of the Bigger |
| 0:29.1 | Pockets Real Estate Podcast here today with a seeing green episode. If you haven't seen one of |
| 0:34.1 | these before or heard them, this is a show where we take questions from listeners just like you |
| 0:40.3 | that want to know what they can do to be a better investor, improve their wealth, |
| 0:44.8 | overcome obstacles, fears, concerns, questions, ignorance, whatever it may be. |
| 0:49.5 | They bring the question, I bring the answers, you get to listen and you get to learn. |
| 0:53.6 | We call it seeing green because in these episodes I'm explaining what I think they should do based |
| 0:58.0 | on my perspective and my last name is green and we've got this green light behind us so you know |
| 1:02.4 | that's what you're getting into. Today's show is a lot of fun. We talk about overcoming interest rate |
| 1:08.8 | ego if you've ever had that tendency to want to brag about the rate you got that might be costing |
| 1:14.0 | you more money than you realize and we talk about that with one of our callers. We deal with how |
| 1:18.7 | to deal with the fear of good debt. Fear is real. It is a part of all of our investing journey. |
| 1:23.9 | Debt can be scary and I tackle how to overcome that as well as different ways that you can look at |
| 1:29.5 | debt to change your interaction with it and a different way to look at money. Our relationship |
| 1:35.6 | with money will have a big impact on the success that we have with it or the lack of success that |
| 1:40.9 | we have with it. Money is not just a thing. It is a concept and your relationship with that concept |
| 1:45.9 | is very important and several times throughout today's episode. I challenge conventional thinking |
| 1:50.9 | and ask you guys to wake up, get out of the matrix and see money for what it really is. |
... |
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.