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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI346: The True Total Money Makeover w/ Ali & Josh of The FI Couple

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 22 April 2024

⏱️ 71 minutes

🧾️ Download transcript

Summary

In today’s episode, Patrick Donley chats with The FI Couple, Ali and Josh, about their journey to financial independence. Despite starting with significant debt and job struggles, they turned to real estate investing to change their lives. They paid off over $100,000 in debt, built a $1.3 million real estate portfolio, and left their 9-5 jobs. Now, they manage their rental properties and run The FI Couple platform, helping others achieve financial freedom. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:42 - How Ali and Josh grew up with very different money mental models and the challenges that provided to them. 18:08 - Why their differences proved to be a benefit. 25:31 - How they worked their way out of over $100,000 of debt. 27:07 - How they began to build their real estate portfolio. 44:25 - What their buy box looks like. 52:10 - How their strategies and beliefs have changed over the years. 55:33 - How they’ve been using seller financing to build their portfolio. 62:11 - Why it is important to build social capital and a digital resume. 64:35 - How Ali and Josh became The FI Couple. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: I Will Teach You To Be Rich by Ramit Sethi. Recommended book: Total Money Makeover by Dave Ramsey. Recommended book: Set for Life by Scott Trench. Recommended book: Seven Habits of Highly Successful People by Stephen Covey. Related Episode: REI064: Financial Freedom Journey w/ Josh and Ali of the Fi Couple | YouTube video. Check out The FI Couple’s free guide to real estate investing and house hacking. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter   Connect with the FI couple: Website   |  Instagram | Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP. They're open to being creative. And a lot of times they have no debt against the properties.

0:06.9

And so for us, especially as we were, you know, venturing into understanding how can we continue to grow our portfolio, but we can't always put down 25%.

0:15.7

Or we don't want to. Or we don't want to. So that kind of forced us to learn what's often referred to as creative finance.

0:21.7

And one of those strategies that we've used, we're about to use it again here in a couple months,

0:26.0

is seller financing where, you know, instead of us having to do what a bank tells us,

0:30.2

the owners of the property become a bank. So we can negotiate what works best for everyone.

0:35.6

And again, to go back to our kind of our human services background

0:38.9

and how it parlays into real estate is what problems do these sellers have? How can we solve those

0:44.2

in a mutually beneficial way?

0:48.8

Hey guys. In today's episode, I had the pleasure of sitting down and talking with the FI couple,

0:53.4

Allie and Josh, to hear how their journey to financial independence has evolved over the years.

0:58.4

You'll learn how they navigated two very different money blueprints, how they began to build

1:02.6

their real estate portfolio, how they've been using seller financing to grow their portfolio

1:07.0

recently, why it's important to build social capital and build a digital resume and so much

1:12.0

more. Allie and Josh have paid off six figures of consumer debt, built a $1.3 million portfolio,

1:18.8

and left their nine to five jobs. When they're not growing and managing their multifamily rental

1:23.4

portfolio, they run the educational platform, the FI couple, where they have a community of over 200,000

1:29.5

followers. Without further delay, let's dive into today's episode with the FI couple, Ali and Josh.

1:40.3

Celebrating 10 years, you are listening to Millennial Investing by the Investors Podcast Network. Since 2014, we interviewed successful entrepreneurs, business leaders and investors to help educate and inspire the millennial generation. Now for your host, Patrick Donnelly.

2:09.3

Hey, everybody, welcome to the Millennial Investing Podcast.

2:11.2

I'm your host today, Patrick Donnelly.

2:15.0

And joining me in today's studio is Allie and Josh, the FI couple.

...

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