No Monthly Cash Flow? When to STOP Investing and Start Saving!
5.2 هزار بار بازدید -
5 ماه پیش
-
Episode #501Do
Episode #501
Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts. He wants to hit financial independence by forty, but his lack of cash is making things difficult. Something’s got to give, and Mindy and Scott are here to help!
Welcome back to the “BiggerPockets Money” podcast! Dan has done an amazing job investing for the future and house hacking throughout his 20s. But now he’s got a MAJOR problem on his hands. Although he and his wife earn around $200,000 per year, they have little to no cash available. With real estate debt, hospital bills, and new baby expenses, Dan is starting to feel the pressure. That extra cash he was able to accumulate only a few years ago? It’s not so easy to find anymore.
In this episode, Mindy and Scott take a deep dive into Dan’s finances to help solve his cash flow problem. Should he follow his real estate dream and pause his retirement account contributions or pivot to a job that will increase his income by another $50,000 per year? Stay tuned to find out!
Show Notes at:
https://link.chtbl.com/Money
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
~~~~
Join the BiggerPockets Money Facebook Group:
Facebook: bpmoney
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Intentionally Choosing the Path to Financial Independence with Financial Mechanic:
https://www.biggerpockets.com/blog/bi...
~~~~
Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life:
https://www.biggerpockets.com/blog/bi...
~~~~
Breaking the Taboo of Talking About Money with Friends, Family, and Bosses:
https://www.biggerpockets.com/blog/bi...
~~~~
Hear Dan on the “Real Estate Rookie” Podcast:
https://www.biggerpockets.com/blog/ro...
~~~~
Connect with Dan:
BiggerPockets: https://www.biggerpockets.com/users/d...
Instagram: @househackandhustle or Instagram: househackandhustle
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?u...
Finance Friday: https://www.biggerpockets.com/finance...
~~~~
Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/s...
Mindy: https://www.biggerpockets.com/users/m...
00:00 Intro
01:31 Money Snapshot
04:33 FI by 40
06:18 $10K/Month in 10 Years
11:21 Fixing His Cash Flow
17:07 Increasing His Income
21:24 How to Ask for a Raise
29:01 BIG Decisions in 2024
36:06 Saving Cash for Real Estate
38:42 Free Up Some Cash!
Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts. He wants to hit financial independence by forty, but his lack of cash is making things difficult. Something’s got to give, and Mindy and Scott are here to help!
Welcome back to the “BiggerPockets Money” podcast! Dan has done an amazing job investing for the future and house hacking throughout his 20s. But now he’s got a MAJOR problem on his hands. Although he and his wife earn around $200,000 per year, they have little to no cash available. With real estate debt, hospital bills, and new baby expenses, Dan is starting to feel the pressure. That extra cash he was able to accumulate only a few years ago? It’s not so easy to find anymore.
In this episode, Mindy and Scott take a deep dive into Dan’s finances to help solve his cash flow problem. Should he follow his real estate dream and pause his retirement account contributions or pivot to a job that will increase his income by another $50,000 per year? Stay tuned to find out!
Show Notes at:
https://link.chtbl.com/Money
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
~~~~
Join the BiggerPockets Money Facebook Group:
Facebook: bpmoney
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Intentionally Choosing the Path to Financial Independence with Financial Mechanic:
https://www.biggerpockets.com/blog/bi...
~~~~
Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life:
https://www.biggerpockets.com/blog/bi...
~~~~
Breaking the Taboo of Talking About Money with Friends, Family, and Bosses:
https://www.biggerpockets.com/blog/bi...
~~~~
Hear Dan on the “Real Estate Rookie” Podcast:
https://www.biggerpockets.com/blog/ro...
~~~~
Connect with Dan:
BiggerPockets: https://www.biggerpockets.com/users/d...
Instagram: @househackandhustle or Instagram: househackandhustle
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?u...
Finance Friday: https://www.biggerpockets.com/finance...
~~~~
Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/s...
Mindy: https://www.biggerpockets.com/users/m...
00:00 Intro
01:31 Money Snapshot
04:33 FI by 40
06:18 $10K/Month in 10 Years
11:21 Fixing His Cash Flow
17:07 Increasing His Income
21:24 How to Ask for a Raise
29:01 BIG Decisions in 2024
36:06 Saving Cash for Real Estate
38:42 Free Up Some Cash!
5 ماه پیش
در تاریخ 1402/11/20 منتشر شده
است.
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