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BiggerPockets Money Podcast

72: Increasing Your Income Through Commissions With Dawn Brenengen

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.5 • 3K Ratings

🗓️ 13 May 2019

⏱️ 76 minutes

🧾️ Download transcript

Summary

Dawn Brenengen’s money story begins a bit differently than most. Dawn’s parents shared their finances with her. She knew what things cost, she knew her parents worked hard to pay off their mortgage, and she saw her mother writing checks to pay bills every month. She went to college and graduated with relatively little debt—around $21,000 in student loans and credit cards combined. After graduation, she stayed at her low-paying college job until her father suggested she get a real estate license. Dawn completed the work for the license and got a job making almost the same money, working for a builder and selling their new homes. But she was the assistant to the agents who were making the BIG BUCKS, and she knew that’s what she really wanted to be doing. At the time, real estate agents were eligible to take the test to open up their own brokerage simultaneously with the licensing test, so she did that. While working as an assistant, she laid the groundwork to strike out on her own, eventually ramping up her income to multiple six-figures—with virtually limitless potential. Here Dawn share her story of how hard work and determination paid off tenfold—and all in just four short years! In This Episode We Cover: Dawn's background with money How she grew up in a financially literate household The debts she accumulated during and after graduating college How she paid off her debts Is it possible to invest your student loan? What happened after she got her real estate license How she got serious about making money and building her financial position Having a goal to get a job where she was making a bulk of the commission Started her own brokerage business on 2010 People she recommend to hire out on starting a business How much time and money needed on starting a business The benefits of having a business partner Applying all the money she makes in terms of her wealth building philosophy Dawn's investment approach Private lending on her surplus cash What a private lending is Her annual spending and her income And SO much more! Links from the Show BiggerPockets Forums Mr money Mustache Frugality as a Muscle - Mr. Money Mustache BiggerPockets Money Podcast 26: Graduating College on Track for Financial Independence with Cody Berman Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pockets Money Podcast, Show Number 72.

0:04.0

One of the most positive things that happened to me was not making a lot of money in those early years

0:08.8

because I learned and I could see what was going on around me and I learned from other people's mistakes instead

0:14.3

of having to go out and make my own.

0:16.3

It's time for a new American dream, one that doesn't involve working in a cubicle for 40 years,

0:21.3

barely scraping by. Whether you're looking to get your financial house in order,

0:24.6

invest the money you already have,

0:26.0

or discover new paths for wealth creation,

0:28.8

you're in the right place.

0:30.6

This show is for anyone who has money or wants more. This is the Bigger

0:34.7

Pocket's money podcast. How's it going everybody? I'm Scott Trench and I'm here with

0:38.5

my co-host Miss Minnie Jensen. How are you doing today Mindy?

0:40.7

Scott, I'm having a great day. How are you doing? I am doing fantastic. I'm excited doing

0:43.3

I am having a great day.

0:42.3

How are you doing?

0:43.3

I am doing fantastic.

0:44.5

I'm excited to interview Dawn and you know she's a long time bigger pockets

0:47.9

contributor has a fantastic career as a real estate agent.

0:51.1

We're going to hear all about her transition from kind of dead-end career,

0:55.6

but not really because they helped prepare her to become a successful real estate agent and just

1:00.0

kind of how she managed to build an incredible financial position on the

1:03.7

income and wealth building fronts over the last couple of years. Yeah and you

...

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