Introduction

The BiggerPockets Money Podcast is here to make financial independence less scary, less just for somebody else. Scott Trench has moved back into a house hack over the property he owns in Denver. David and Danielle talk about aggressively pursuing financial freedom through big life changes. The contents of this podcast or informational in nature are not legal or tax advice.

Play episode from 00:00

chevron_right

Transcript

chevron_right

Transcript

Episode notes

Early retirement is possible for almost anyone, no matter where you start or how much you make. If you can sacrifice and save more than you spend, there’s a good chance you could retire years or even decades earlier than the rest. In fact,you can retire early on a median income salary without any retirement savings to start with…but you’ll need to do one crucial thing. As you’ll see from today’s guests, David and Danielle, one smart purchase may have set them up for life!

We’re back with another Finance Friday, where we talk to David and Danielle, two median-income earners trying to figure out the right path to early retirement. After Danielle’s sales-based burnout, the couple has been surviving with just one income, cutting it close every month. But, with a return to work on the calendar for Danielle, the chances of financial freedom are looking bright. But where do they go from here?

With David and Danielle’s real estate dreams, Scott and Mindy come up with a handful of ways that this couple could use their primary residence to bolster their chances of early retirement and allow them to save a significant amount of money every month. So if you feel like you’re starting over on the path to FIRE and don’t know which move is right, this is an episode for you!

In This Episode We Cover

How to use your home to retire early and start investing

Grocery shopping, food bills, and how to stop eating your money every month

Legal fees and accounting for lawyer bills during an ongoing dispute

House hacking and living for free while renting out spare space

Assumable loans and upgrading your property when you have LOTS of equity

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE