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BiggerPockets Money Podcast

From $69K Debt to Financial Independence in NYC

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.5 • 3K Ratings

🗓️ 24 April 2026

⏱️ 34 minutes

🧾️ Download transcript

Summary

Kim Hunter Borst didn’t start her financial independence journey in New York City—but it’s where everything changed. After building a high-income life, she and her husband found themselves $69,000 in debt from lifestyle inflation. Instead of leaving NYC, they got intentional—cutting expenses, leveraging a rent-stabilized apartment, and maxing out retirement accounts. Now, they’ve achieved financial independence and retired early—proving you don’t have to leave a high-cost city to build real wealth. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney Connect with Kim Hunter Borst: Website: https://khbfinancial.com/ We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Mindy and I are so grateful for the following sponsors who make Bigger Pockets money possible.

0:06.1

Ask any small business owner. They'll tell you that their finances get messy real quick.

0:10.3

A bank account here, quickbooks there, tax and invoicing apps are stacked on top of that.

0:15.1

And before long, you're buried in expensive tools behind on books and unsure where your business really stands.

0:21.3

That's why there's found.

0:22.5

Take back control of your business today.

0:24.3

Don't wait.

0:25.0

Open a found account for free at biggerpocketsmoney.com slash found.

0:29.9

That's biggerpocketsmoney.

0:31.1

com slash found.

0:33.2

F-O-U-N-D.

0:34.9

Found is a financial technology company, not a bank.

0:38.8

Banking services are provided by lead bank, member FDIC. This is the tool smart business owners are switching to every day. Join the

0:44.2

hundreds of thousands who have already streamlined their finances with Found. Your business identity

0:48.8

is everything that makes your business legitimate and professional, from public records and

0:52.5

compliance to your website, email, and phone number. With Northwest registered agent, you don't just form a business.

0:58.1

You start a complete foundation built for privacy, credibility, and growth.

1:02.1

When you form your business with Northwest, you get a complete business identity, not a stack of

1:06.9

vendors to deal with, and that includes a registered agent service, a business address,

1:11.3

operating agreement, domain, website, professional email, phone number, and built-in privacy.

1:16.6

Northwest doesn't outsource or resell services. Everything is built and managed in-house,

1:21.2

which means fewer hands on your data and privacy by default for every customer.

...

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