69 min listen
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
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)
#10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames: In March, 2014, Liz and her husband made the conscious decision to stop their big city, big spending lifestyle, and adopt a frugal mindset in order to realize their new goal of moving out of the hustle and bustle and into the woods. Their 180 turn... by BiggerPockets Money Podcast