Show notes
In this episode, Chris and Debbie touch on the basics of real estate investing, financial independence, and broad market index fund investing.
They answer the following questions:
- "What is financial independence?"
- "What is the best way to get started in real estate investing?"
- "How do you decide what properties are worth investing in?"
- "Is my personal residence an asset?"
- "Is real estate investing the only way to reach financial independence?"
- "How do I know when I have enough cash-flow or enough invested to retire?"
In answer, they talk briefly discuss the following:
- Their first rental properties, why they bought them, and what the numbers were like
- Appreciation, cash-flow, and buy-and-hold investments
- The 1% rule in real estate investing
- Assets versus liabilities
- High risk and lower risk investments
- Real estate mind-set
- Low fee broad market index funds
- The 4% rule in stock market investing and retirement
- Tracking monthly spending
- The anti-budget
Resources from this episode:
- Books mentioned in this episode:
- The Simple Path to Wealth by JL Collins
- Your Money or Your Life by Vicki Robin and Joe Dominguez
- The Lifestyle Investor by Justin Donald
- Learn a lot more about the 1% rule of real estate in this very thorough blog post on coachcarson.com.
- Read more about tracking your spending in this article from ChooseFI and/or just use this spending tracker they created.
- Read more about the "anti-budget" in this blog post from Paula Pant on affordanything.com, or listen to this podcast episode by the same author.
- Read more about Dave Ramsey's envelope budgeting method in this blog post.
- If you want to know more about investing and/or have more questions
- Get Debbie's book The Other Side of Perfect: Discovering the Mind-Body Connection to Healing Chronic Illness
- Get on our mailing list by hitting "subscribe"!
Stay in touch!
- đ gobucketyourself.com
- Chris @bucketyourself on Insta
- Deb @imperfectprogress.me on Insta
- Get Debâs book HERE