4.6 • 682 Ratings
🗓️ 8 July 2025
⏱️ 10 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.0 | So I've been in the sales industry for a long time and I've been pretty much, I've been pretty good with my money. |
0:15.0 | And about two years ago, my income noticeably jumped up quite a bit. |
0:23.7 | And a bunch of my employees, kind of in the sales industry, |
0:28.1 | just had the high leverage, high debt to grow your wealth kind of mindset. |
0:32.7 | And long story short, I ended up getting my primary residence, |
0:35.7 | and then a year later bought a rental property. |
0:40.1 | And then I got a new car. And I'm just kind of figuring out what the best way to pay all that off is because I'm a recent fan of yours kind of started |
0:45.8 | listening like summer of last year and just kind of want to get out of the debt life. |
0:51.3 | Okay, so you were working a plan that's the polar opposite of what we teach people to do, and |
0:58.1 | now you want to change direction and go back the other way? |
1:01.6 | Correct. |
1:02.7 | Okay. |
1:03.2 | So the way you got into this was buying a bunch of crap you couldn't afford, won't you sell it? |
1:07.9 | So the, I bought, well, I paid off my car. So the car is completely paid off. And then I just |
1:13.2 | have my primary residence and then just my rental property. And my, my rental property is rented |
1:19.0 | out. And I'm just curious, um, because what do you owe on? The rental property is 300,000. And then |
1:26.5 | my primary residence is 600 and what are you making |
1:29.4 | I'm making around 250,000 a year okay so you can um you're making good money so um you have any debt |
1:39.1 | other than these two items uh no i have just like a thousand on credit card, but I pay it off every month. |
1:45.5 | Okay. All right. Well, I mean, I would get on a, are you married? Yes, with two kids. |
1:52.3 | Okay. Good. Good. Okay. Um, well, I, um, I mean, what we, what George and I would teach you is just to, uh, let's live on beans and rice and let's pay off the, |
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