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71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

FromBiggerPockets Money Podcast


71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.

FromBiggerPockets Money Podcast

ratings:
Length:
73 minutes
Released:
May 6, 2019
Format:
Podcast episode

Description

Like so many of our guests, Sarah P. did not grow up understanding how money works. She wasn’t bad with money, she just wasn’t very good with it. She learned about financial independence through Mr. Money Mustache and completely revamped her finances, incorporating frugality and minimalism with investing to completely fund her lifestyle. Her goal was security, and financial freedom made a lot of sense. Real estate was intriguing, and Google kept directing her to BiggerPockets. She started buying real estate, eventually accumulating 14 units in three states over the course of four years. Sarah cemented her success by having a large cash cushion to shield her from the surprises that real estate throws at you—a trait most successful real estate investors have. Making smart, money-conscious decisions allowed her to retire at the age of 30 from traditional work, so she can now spend time doing what she loves without regard to how much it pays. Sarah and her husband are truly living their best lives because passive real estate investments fund everything they do. In This Episode We Cover: Sarah's journey with money How she discovered Mr. Money Mustache Having security as her financial blueprint Her financial position before she discovered financial independence Being conscious of the purchases she makes and officially retiring at 30 What their annual spending looks like Other investments they have and creation of their real estate portfolio How she financed her first townhouse Total number of properties she owns The importance of having cash reserves Her recommendation to anyone who doesn't have a huge reserve Her total lifestyle expenses once her mortgage is eliminated Their healthcare plans And SO much more! Links from the Show Mr. Money Mustache BiggerPockets Webinars BiggerPockets Blog BiggerPockets Forums BiggerPockets Podcast BiggerPockets Business Podcast BiggerPockets Career Opportunities Personal Finance - Reddit Travelzoo Minimalism - Netflix Craigslist Financial 180 BiggerPockets Money Podcast 11: Financial Freedom in Less Than Five Years with Joel from FI 180 BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution BiggerPockets Money Podcast 67: How Living An Intentional Life Led to Financial Freedom With Steven Donovan
Released:
May 6, 2019
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.