The Massive Benefits of House Hacking #121
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 11 September 2019
⏱️ 41 minutes
🧾️ Download transcript
Summary
Housing costs are a significant expense, gobbling up around 37% of most American’s take home pay- other categories don’t even come close! Spending less on housing will have an inordinate impact on the amount of money you’re able to save and invest, and house hacking is one of the best ways to achieve this goal. House hacking is a tactic that everyone should consider- whether you pay rent or have a mortgage, you’re a candidate for transforming a monthly expense into a source of revenue. Listen as we demystify some different approaches to house hacking as well as our personal experience with this valuable practice.
During this episode we enjoyed Mosaic Coyote by Yellowhammer Brewing- a big thanks to Matt’s dad, Tim, for donating these beers to the show this week! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts- we’d love to hear from you.
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Transcript
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| 1:31.0 | on the I Heart Radio app Apple Podcasts or anywhere you listen to your favorite shows. |
| 1:36.8 | Welcome to How To Money. I'm Joel and I'm Matt and today we're discussing the massive benefits |
| 1:42.9 | of house hacking. |
| 1:49.7 | As we were preparing for this episode, I could not help but to think about if Kate and I, if for our first |
| 2:09.2 | house, if we had house hacked instead of getting a traditional single family house, if we had |
| 2:13.6 | instead maybe gotten a duplex, a triplex or even a quadplex, how different our lives would look. |
| 2:18.9 | I'm excited to talk through some of the traditional ways that you can house hack maybe some more |
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