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231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living

231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living

FromBiggerPockets Money Podcast


231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living

FromBiggerPockets Money Podcast

ratings:
Length:
64 minutes
Released:
Sep 13, 2021
Format:
Podcast episode

Description

Not everyone has the vagabond spirit of those who choose to optionally live out of their cars, trucks, or vans. While this isn’t up Scott and Mindy’s alley, it’s been perfectly fine for today’s guests Tien and Brandon. After deciding to end their lease before a road trip, Tien and Brandon found living in their specialty-built van wasn’t just habitable, but preferable for their lifestyle. This was especially true after paying pricey southern California rent.All this happened after making some impressive financial moves; paying off $50k of loans in eight months, flipping their first house, and buying a small portfolio of duplexes. Tien and Brandon have made a spree of financially intelligent moves, pushing themselves into a high net worth category, all while living in one of the most beautiful places on earth.As of March 2021, Tien and Brandon dismantled their truly remote lifestyle to settle into their first short-term rental house hack. They’ve been pulling in $8,000 a month (yes, a month) from their San Diego Airbnb property, which is not only covering their entire mortgage but paying them some profits to boot!In This Episode We CoverPaying off a large amount of student debt in a short period of time Finding side hustles that can support your saving and investing goalsMaking a plan to retire early and investing in income streams that will make it a realityFlipping a house without construction or real estate experience Investing out of state where you already have family/friends/relationships The hardest part of living in a van full-time (and its MAJOR benefits)House hacking with a short-term rental And So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 13, 2021
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.