Student Loan Freedom: How Airbnb Mid-Term Rentals Saved Me from Debt
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 5 July 2023
⏱️ 29 minutes
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Summary
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything real estate with the industry's biggest movers and shakers. |
| 0:11.3 | I'm your host, Ken McElroy, joined by my co-host, Daniel. |
| 0:15.4 | Let's get right into this episode. |
| 0:17.6 | Hey, everybody. It's Ken McRoy and Daniel. |
| 0:19.5 | Hello. |
| 0:20.3 | And I'm excited to have Ziana |
| 0:21.9 | McIntyre. Welcome to the show. Great job. You said it right. I know. I have one of those names |
| 0:30.7 | too, right? Like some people get it. Some people don't. I love it. It's like, I know. |
| 0:36.6 | So I wanted to start right at the beginning, |
| 0:40.5 | because I think a lot of people can resonate the fact that you started with 50,000 in debt, |
| 0:46.0 | and you're financially free within two years. And I think, you know, a lot of people can resonate |
| 0:52.9 | with that one issue. So, well, first of all, |
| 0:56.1 | let's talk about how you got in debt. And then, too, you know, what, what was the epiphany to, |
| 1:03.3 | you know, pull you out of that? Yeah. So my debt track was just being the first in my family to go to |
| 1:10.7 | college. |
| 1:11.5 | And so we just didn't know better, really. |
| 1:14.5 | I mean, when you're signing up for those loans, it sounds like, oh, that's all reasonable. |
| 1:18.6 | Okay. |
| 1:19.2 | But these large amounts of money that you're like, wow, I don't know how I'll ever pay that back, but sure. |
| 1:24.7 | So I imagine nowadays, it's probably a 4X what I had, and I can only imagine |
| 1:29.8 | how hard that is for people coming from really humble beginnings. Yeah. And then, so at what point |
| 1:36.2 | did you say enough? I'm going to now become financially free. Yeah. So I got really inspired by |
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