67 min listen
149: Listener Finance Review: Knocking Out Debt to Start Investing
149: Listener Finance Review: Knocking Out Debt to Start Investing
ratings:
Length:
61 minutes
Released:
Nov 2, 2020
Format:
Podcast episode
Description
Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot.He has some debts he'd like to knock out so he can start investing in real estate, and potentially start a business. He just got a promotion and a raise, and on paper is doing pretty good.But Nick needs to start budgeting, because a dollar here and five dollars there is eating up his overage, so there is very little to save.In today's episode, Scott and Mindy sit down with Nick to go over his current financial situation and use their life experiences to suggest easy wins to help pay down his debt, start saving for future real estate purchases, and start investing for retirement.Nick's in a good place right now, but following Scott & Mindy's suggestions should help him get money out of the way so he can go on to lead his best life!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave RamseyMobile Expense Tracking App - Waffles On WednesdayCheck the full show notes here: https://www.biggerpockets.com/moneyshow149See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 2, 2020
Format:
Podcast episode
Titles in the series (100)
#02: An All-Out Approach to Financial Independence at an Early Age with Scott Trench: Scott Trench wanted something more out of life, so he grabbed it by the horns and pointed it in the direction HE chose. By accumulating a large financial runway through a 50% savings rate on a median income, he gave himself the courage to take... by BiggerPockets Money Podcast