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Financial Independence Podcast

Afford Anything – Dive Into Real Estate Investing

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.81.7K Ratings

🗓️ 8 April 2013

⏱️ 38 minutes

🧾️ Download transcript

Summary

Paula from AffordAnything.com joined me to discuss how she’s using real estate investing to achieve early financial independence!

Highlights:

  • Frugality vs. wealth building
  • Mental energy is limited so use it wisely
  • Think like a creator, not like a consumer
  • Scarcity mindset vs. abundance mindset
  • How to start investing in real estate
  • Real estate niches and strategies
  • Becoming a real estate agent

Transcript

Click on a timestamp to play from that location

0:00.0

I'm blind to give you a

0:05.0

finance.

0:07.0

Hi everybody, welcome to the Mad Finestist Financial Independence

0:10.2

Podcast, the podcast where I interview personal finance experts to find out the strategies

0:14.8

and tactics that they're using to achieve financial independence. Today I have the pleasure of speaking with Paula from Afford Anything.com. Paula describes her site as the anti-Frugality blog and what she means by

0:27.6

this is that rather than focusing on frugality and limiting spending, you should instead focus on building wealth and then using

0:35.8

that wealth to live the life that you want to live.

0:39.2

Paula's primary method of building her own personal wealth is by investing in real estate.

0:44.0

Unlike Schopen from the previous episode of the podcast who invested in commercial real estate, specifically hotels,

0:51.0

Paula invests in residential real estate.

0:55.0

So I'm very excited to find out how she got started

0:58.0

and what advice she has to give others out there,

1:00.0

myself included, who would like to eventually start investing in real estate someday.

1:05.9

So without further delay, hey Paula, thanks a lot for being here.

1:09.2

I appreciate it.

1:10.2

Oh, thanks for having me.

1:11.8

I'm excited to be here.

1:13.0

Oh, my pleasure. So before we get into the questions, I was hoping maybe you could just, you know, tell a little bit about your background and how you started writing about personal finance.

1:22.0

Sure. Well, I started my career. know how you started writing about personal finance

1:23.0

sure well i started my career as a journalist at one of those

1:27.0

print and paper newspapers

1:29.7

you remember those yeah yeah

...

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