33 min listen
458: Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?
458: Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?
ratings:
Length:
46 minutes
Released:
Oct 13, 2023
Format:
Podcast episode
Description
What if one part-time side hustle could replace your entire income? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month, raking in cash, and reaching financial freedomfaster? If you’re today’s guest, Ryan, then this is the situation you find yourself in. Don’t know which super lucrative side hustle we’re talking about? Stick around because you may have never thought of it before.
Ryan works full-time as a registered nurse in one of the most expensive areas of the country, Northern California. He’s made some ingenious money moves that allowed him to quadruple his income in just four years and live close to free every month in his own house. But, with a baby on the way, Ryan’s lucrative house hacking lifestyle may be coming to a close, and he’s debating what to do next. Should he pay off student loans, buy another home for his new family, stay in his current property, or expand his successful side hustle?
The good thing is that any of these moves could make Ryan richer, but he’ll be strapped for time with a sixty-hour-per-week working schedule and a newborn requiring constant attention. So, what’s the best money move to make for his future family? And should he go all-in on this wild side hustle that could make him even more than his job?
In This Episode We Cover
Ryan’s unbelievably profitable side hustle that almost anyone can start NOW
House hacking 101 and how to live-mortgage free every month
When paying off debt DOESN’T make sense (and what you should do with the money instead)
Investing in real estate vs. your side hustle and why mortgage rates have changed the game
Buying businesses from retiring baby boomers and the HUGE opportunities out there
How Ryan quadrupled his salary in just four years (without burning out!)
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire
Leila and Alex Hormozi’s Unbelievably Simple Investing Advice
Codie Sanchez: These “Boring Businesses” Will Make You Rich
How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles
Passive Income, Aggressive Retirement
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-458
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Ryan works full-time as a registered nurse in one of the most expensive areas of the country, Northern California. He’s made some ingenious money moves that allowed him to quadruple his income in just four years and live close to free every month in his own house. But, with a baby on the way, Ryan’s lucrative house hacking lifestyle may be coming to a close, and he’s debating what to do next. Should he pay off student loans, buy another home for his new family, stay in his current property, or expand his successful side hustle?
The good thing is that any of these moves could make Ryan richer, but he’ll be strapped for time with a sixty-hour-per-week working schedule and a newborn requiring constant attention. So, what’s the best money move to make for his future family? And should he go all-in on this wild side hustle that could make him even more than his job?
In This Episode We Cover
Ryan’s unbelievably profitable side hustle that almost anyone can start NOW
House hacking 101 and how to live-mortgage free every month
When paying off debt DOESN’T make sense (and what you should do with the money instead)
Investing in real estate vs. your side hustle and why mortgage rates have changed the game
Buying businesses from retiring baby boomers and the HUGE opportunities out there
How Ryan quadrupled his salary in just four years (without burning out!)
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire
Leila and Alex Hormozi’s Unbelievably Simple Investing Advice
Codie Sanchez: These “Boring Businesses” Will Make You Rich
How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles
Passive Income, Aggressive Retirement
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-458
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Oct 13, 2023
Format:
Podcast episode
Titles in the series (100)
#06: Fearlessly Paying off Massive Student Debt on $30,000 per Year with Sarah Wilson: Are you tired of hearing success stories from folks who are earning $60,000, $80,000, or even $100,000 or more paying off debt and moving toward financial freedom? Where’s the inspiration for the folks out there that do not earn above average... by BiggerPockets Money Podcast