{"id":5781,"date":"2022-06-02T01:17:53","date_gmt":"2022-06-01T19:47:53","guid":{"rendered":"https:\/\/www.traininginseo.in\/blog\/?p=5781"},"modified":"2025-12-12T05:15:38","modified_gmt":"2025-12-11T23:45:38","slug":"the-pillars-of-financial-freedom-life-you-want","status":"publish","type":"post","link":"https:\/\/www.traininginseo.in\/blog\/the-pillars-of-financial-freedom-life-you-want\/","title":{"rendered":"The Pillars Of Financial Freedom &#038; Life You Want Podcast"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body data-rsssl=1><p>I don\u2019t know if you guys are familiar with clay tile. She says, can she have a roommate move in, and I\u2019m like yeah, yeah. So I got a house, there\u2019s a lady living there, a young lady.<\/p>\n<h2>The Pillars of FI: Designing the Life You Want<\/h2>\n<p>I\u2019m getting into that section where I\u2019m getting a little bit further out, but which, perfect world I would not do. Then the most recent one I purchased, it was the first one that I didn\u2019t actually live in, is about 10 minutes away. If I\u2019m buying the deal and I\u2019m getting good positive cash flow, and I think it\u2019s going to appreciate well- this nine-plex is one block from a suburban downtown area. This nine-plex, they\u2019re asking $750,000, and I think I can get gross rent, $100,000 a year, so that\u2019s crushing 1% rule for me. I want the person selling it to be asking less than it\u2019s worth. It sounds like you\u2019re taking a smart balance of the two for your local market.<\/p>\n<h2>Connect with Alan<\/h2>\n<p>Definitely, you learn that over time as you\u2019re more involved in this and less involved in that. I\u2019ll call people back because if you can call people back, you\u2019ll have a business. So give me a roof problem, let me have better tenants, and make a little bit less money and I\u2019m going to be okay with that.<\/p>\n<ul>\n<li>I mean literally, I have never seen people transform their lives like they have.<\/li>\n<li>I think my next venture, I\u2019d like it actually to be a multifamily house.<\/li>\n<li>That\u2019s when I think about, \u2018Oh, that\u2019s when the bug got started,\u2019 and all that.<\/li>\n<li>I started cutting down expenses and looking for ways to, okay, how can I make more money, progress my career, get a promotion.<\/li>\n<\/ul>\n<h2>No, Taxes Won\u2019t Derail Your FIRE: Here\u2019s What You\u2019ll Really Pay in Retirement<\/h2>\n<p>I do tell this one a lot. How can you tell if you\u2019re talking to an extroverted engineer? I don\u2019t know if I can say a landlord story in my jokes section? Now, you\u2019re a party animal. I don\u2019t go to any parties.<\/p>\n<p>I\u2019ve got the big, red beard and everything so people don\u2019t always know how to take you in a position like this. So we were at the position in August of \u201916 where worst case, if I had to do a little bit of outside work, I could pay the bills. I\u2019m a little nervous and jittery, so it took me a little bit of time. But if we scale back our lifestyle just a little bit, we would be stable. And again, we had built a lifestyle where we were able to stay on our feet and keep going for lots of hours every day. So we had a pretty level\u2014we hadn\u2019t bumped our lifestyle that much but we did cut some things out like, we\u2019re going to cut back.<\/p>\n<ul>\n<li>Work your way up along the way and I know some people, it is tough.<\/li>\n<li>We do have a few flabs up in Michigan but again, it\u2019s one of those things like, I\u2019m not really interested in something weird.<\/li>\n<li>So, she went in and talked to her employer and before this, which she found out afterward, they have never granted a part-time working situation to anybody at that company before, and it\u2019s a pretty large company.<\/li>\n<\/ul>\n<p>A lot people don\u2019t even know what folk is. A lot of people when I meet them, I\u2019m always asking about money, like, \u2018What\u2019s your money story? At this point in my life, I\u2019m probably earning a little bit more, probably a lot more. I asked this question one time of a bunch of people- did you talk about money before you got married? I don\u2019t think I\u2019m like a brutal dictatorship or anything like that, with money in this house. \u2018Bend her life to my rules.\u2019 I don\u2019t think it\u2019s quite like that.<\/p>\n<h2>Connect with Jordan<\/h2>\n<p>In the beginning it was just debt freedom, and then the concept of financial independence kind of came in later in our lives. We made <a href=\"https:\/\/www.accountingcoaching.online\/how-is-direct-cost-margin-calculated\/\" data-link=\"https:\/\/www.accountingcoaching.online\/how-is-direct-cost-margin-calculated\/\" data-button=\"LinkPreview\" id=\"1\">how is direct cost margin calculated<\/a> some good money, probably about a little over six-figures together, but we weren\u2019t that great at sort of managing it and holding onto it. Let\u2019s start from the beginning. For a 30-day unrestricted free trial, go to freshbooks.com\/bpmoney and enter BiggerPockets Money in the \u2018how did you about us\u2019 section. Andy is usually the one in the interviewer seat on his podcast Marriage, Kids and Money, but today he flips roles and we\u2019ll share how he strengthens his family tree and lives financially free.<\/p>\n<p>Don\u2019t buy a backhoe on payments. I did not take it on payments, so it was a cash purchase. So yeah, I had to go out and get the backhoe. We don\u2019t have any animals yet. So that\u2019s our new little treat.<\/p>\n<p>A lot of times, your tax rate will go drastically down. A few states charge state tax but a lot of states don\u2019t. So I think really, just sitting down\u2014for us, it\u2019s Sunday morning and saying, all right, what are the two meals we\u2019re going to cook this week? Just almost immediately, that little bit of intentionality will cut your grocery bill by 20% and then if that\u2019s without effort, you could probably slash another 20-30% with a little bit of effort. You may not realize it but the goal is for you to walk out with 20 things that you didn\u2019t realize that you needed and that\u2019s reflected on your receipt. So if you do want to add some more, let me know which ones you want to spend a little bit of extra time on.<\/p>\n<h2>Why Keeping Your Job Makes You Richer (Quicker) in Real Estate<\/h2>\n<p>That\u2019s where people can find me if they want help. I love that idea of giving it away for free. Where can people find <a href=\"https:\/\/www.quick-bookkeeping.net\/9-common-business-expense-mistakes-u-s-freelancers\/\" data-link=\"https:\/\/www.quick-bookkeeping.net\/9-common-business-expense-mistakes-u-s-freelancers\/\" data-button=\"LinkPreview\" id=\"2\">9 common business expense mistakes u s freelancers make<\/a> out more about you? Thank you so much for your time.<\/p>\n<p>So when you\u2019ve got\u2014now, it\u2019s down to 15 years or whatever. Again, we\u2019re a vacation community so things are really different. But we started looking around. We did put <a href=\"https:\/\/tax-tips.org\/turbotax-live-full\/\" data-link=\"https:\/\/tax-tips.org\/turbotax-live-full\/\" data-button=\"LinkPreview\" id=\"3\">turbotax live full<\/a> that second story on but it took us a long time to actually decide to move from that place. So we didn\u2019t sell that one right away.<\/p>\n<h2>Financial Security Through Passive Income with Joel Larsgaard<\/h2>\n<p>So, this is a repeatable path, I think, for many people to follow by listening to the story and moving towards it, and it\u2019s so simple and he makes it sound so easy. It is simply not spending as much money as you\u2019re earning. Like I said, the number two question that I get is how can families, you know, start down this path to financial independence, and creating legacy wealth is a really big part of that. That\u2019s biggerpockets.com\/moneyshow34.<\/p>\n<p>That\u2019s pretty good foundation from which to launch this career, an aggressive pursuit of financial freedom. You\u2019re graduating with a very limited amount of debt, and in a pretty good position from which to start your career. I was able to pay that off in just a few years after school. Then I moved back in state, because we had a state scholarship program for people that had a B average or higher. I had a lot of scholarship, so I only racked up about 13 grand in student loan debt. I still think I would recommend a Corolla, should be the starter car for almost everyone these days.<\/p>\n<p>If you\u2019re an entrepreneur who is not on top of your business financials, you need to get a good dose of FreshBooks in your life. Whether you\u2019re looking to get your financial house in order, invest the money you already have, or discover new paths for wealth\u2019s creation, you\u2019re in the right place. I pay money for beer that people probably think is exorbitant. For the longest time even as I was starting to think more positively about money, I just don\u2019t want to either not buy anything, or get the cheapest deal possible. I\u2019ve tried to order my life in such a way that I\u2019m secure with money, and that I actually love my job, and I love the way my life looks on normal basis. This change in mindset is what I think a lot of people that- by the way, that fear does instill I think a good set of habits, in terms of being able to save money.<\/p>\n<p>But I want to make sure\u2014again, being well off or arrived or whatever you want to say, we can afford a lot of stuff. In college, I studied fashion design and we don\u2019t talk about Newton there. I didn\u2019t know it was his first law. It\u2019s almost like it\u2019s doing it on its own.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>I don\u2019t know if you guys are familiar with clay tile. She says, can she have a roommate move in, and I\u2019m like yeah, yeah. So I got a house, there\u2019s a lady living there, a young lady. The Pillars of FI: Designing the Life You Want I\u2019m getting into that section where I\u2019m getting<a class=\"moretag\" \n href=\"https:\/\/www.traininginseo.in\/blog\/the-pillars-of-financial-freedom-life-you-want\/\"> Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-5781","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-digital-marketing-training","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Pillars Of Financial Freedom &amp; Life You Want Podcast<\/title>\n<meta name=\"description\" content=\"I don\u2019t know if you guys are familiar with clay tile. She says, can she have a roommate move in, and I\u2019m like yeah, yeah. 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