meta_pixel
Tapesearch Logo
Log in
BiggerPockets Money Podcast

79: Financial Freedom Through Decades of Hard Work and Hustle with Carol Scott

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 1 July 2019

⏱️ 73 minutes

🧾️ Download transcript

Summary

Carol Scott has a successful real estate investing company that she runs with her husband, Jay. They have two children, live where they want, and just in general enjoy life on their own terms, free from the stress of having a “real” job, a boss and all the time constraints that come along it. But it wasn’t always this way for her. Carol grew up without having a lot of money. Her financial journey really begins at age 9, when her mother told her if she wanted to have nice shampoo, she had to figure out a way to earn money to buy it. Enter Carol’s hustle. Whenever Carol wanted to buy something, she started a new entrepreneurial endeavor. Face painting, caligraphy - anything related to art was fair game for young Carol. At age 15, she hopped onto her bike and rode up to the convenience store, all but demanding a job. She graduated college into a job where she had regular access to the C-Suite - and mentorship opportunities abound. Carol’s focus turned to learning - and she picked up tips from every person she encountered. She’s here today to share many of these tips with you, and to inspire your journey through her own. This is a tale of never giving up, and not being satisfied with what life throws at you. Go out and grab the bull by the horns. In This Episode We Cover: Carol's background with money On starting her financial independence and entrepreneurial journey at age 9 The importance of having a work ethic Did calligraphy, face painting, signs, and artsy stuff to earn money What she did with the money she earned On her college journey The big transition which occurred between her freshmen and sophomore year On the first internship she got Coming out of college with $35k in student loan debt and $40k in credit card debt Exposure to C-level people How growing up with no money influenced her behavior How she began making lots of money Taking leadership courses her companies pay for Moving to Franklin Covey 8 years into her career Her advice to those who are looking to get into a job that offers a high salary What’s urgent versus what’s important How she began managing her money How she handles her investments What she does post-career at eBay The importance of being resourceful The importance of spending time with the family And SO much more! Links from the Show BiggerPockets Forums eBay FranklinCovey BiggerPockets Money Podcast 70: 7 Tips for Successfully Investing in ANY Market Condition With J Scott 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 show, Number 79, where we interview Carol Scott.

0:06.1

I don't even know the right words. Euforic is a little extreme, but it was fricking cool.

0:10.1

Like I was just like, oh my gosh, all these things I've been working really hard for and now I'm making smart decisions with money kind of by accident

0:16.8

Just by asking questions and talking to people who had a lot of money. It was awesome to see what happened.

0:22.8

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

0:28.0

barely scraping by.

0:29.0

Whether you're looking to get your financial house in order, invest the money you already have, or discover new paths

0:34.5

for wealth creation. You're in the right place. This show is for anyone who has money or wants

0:39.8

more. This is the Bigger Pocket Money Podcast.

0:43.0

As it going, everybody, I'm Scott Trench,

0:45.0

and I'm here with my co-host Miss Minnie Jensen-Haggytons.

0:48.0

Today, Mindy. Scott, I am doing fantastic, and I am super excited for today's show

0:52.0

where we interview Carol Scott, co-host of the Bigger

0:55.8

Pocket's Business Podcast, you didn't say that before.

0:59.3

She is unbelievable.

1:01.9

She spends the entire time talking to us proving just exactly how much she

1:07.6

knows about business and making money and just in general rocking her whole show.

1:13.4

Yeah, I mean, she's just an outstanding,

1:15.5

her career is outstanding.

1:17.4

It started at nine years old and just massive companies,

1:21.5

massive success, incredible work ethic applied consistently over the entire time period.

1:28.0

I mean it's just a privilege to learn from her and to hear about her experiences and to hear her early struggles

...

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 2026.