33 min listen
63: Financial Freedom With 5 Kids IS Possible with Jordan Klint
63: Financial Freedom With 5 Kids IS Possible with Jordan Klint
ratings:
Length:
85 minutes
Released:
Mar 11, 2019
Format:
Podcast episode
Description
One of the most common misconceptions of financial independence is that you can’t do it with kids. But Jordan Klint doesn’t listen to what other people say. He became financially independent with kids—and not just one or two of them. He did so with five children. Oh, and did I mention he’s only 33 years old? Jordan and his wife started flipping houses soon after they began dating and haven’t stopped. They’re now teaching their five children the value of investing, as well as how to be landlords and make repairs. They do this all while home-schooling them and continuing to find and purchase new properties. Jordan also shares how he was prepared to quit his job outright but his employer begged him to stay for special projects, allowing him to continue to work as an engineer. It's something he loves but is now doing on his own terms. Jordan’s story is 100 percent repeatable! In this episode, he lays it out in such a way that you can both be inspired and apply his strategies to your own life. In This Episode We Cover: Jordan's journey with money Having a 20-year deadline working for somebody Co-op program His financial position in terms of income and assets upon graduation How he and his wife approach their personal finance Influenced by Dave Ramsey on avoiding debt What his underlying principle is How he started flipping houses How helpful YouTube is What Jordan and his wife did prior to having kids Saving about 50% of their income for savings and investments What their life looks like after having their first kid On childcare expense The structure they changed as his family grew The importance of having a plan The time he became intentional about building passive income Their first deal and the passive income they produced His principle of having better tenants What happened after he bought his first rental property On quitting his full-time job and going part-time How they changed their spending His lifestyle expenses On healthcare How he motivates other employees And SO much more! Links from the Show Mr. Money Mustache BiggerPockets Money Podcast 01: The Surprising (Scientific) Truth Behind What Makes You Successful with Mr. Money Mustache BiggerPockets Money Podcast 38: Getting Serious About Paying Off Debt Frugalwoods Financial Samurai BiggerPockets Money Podcast 46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai BiggerPockets Money Podcast 10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames
Released:
Mar 11, 2019
Format:
Podcast episode
Titles in the series (100)
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