So yeah, we are on one of those medi-shares type deal. So I got all the numbers in place but that’s an expense that now all of a sudden comes in place. They were very, very gracious and decided that some of me was better than none of me so we did work out a part-time position going forward. Otherwise, if it’s all or nothing, I’m going to take the nothing instead of the all. But it makes for some weird conversations because they’re not used to losing that leverage all the time. I’m going to do what’s right for the company every single time.
How’s my profession, my business going? Don’t ever tell a landlord when you’re looking at a new place that your landlord sucks. What I hate hearing is, I need to get a job where I make more. What are the things you’re going to do? I don’t want them to say 10.
Why Keeping Your Job Makes You Richer (Quicker) in Real Estate
So, they offer him a dime or a nickel, and little Johnny always takes the nickel and the kids think it’s so funny. They think he’s dumb, they think he’s stupid, and they like to play one specific joke on him a lot. And there’s a couple other kids in the neighbourhood that don’t really treat them that nicely. I did not have a bunch in my repertoire so I had to do a little bit googling and practice them with my wife and my kids last night. I think for people, take advantage of it.
People love to complain and they love to tell you how why does a company use a standard costing system much they hate their job. So one of the things—I try to do a lot of work with my W-2 employment there where I talk with other people. We don’t have it cleared up to that point but I know the kids are kind of interested in doing some of that stuff and that’s something we’ll play out. Those people don’t have five kids while they’re doing this and they’re not doing it at 33. There are people who have to be doing all that stuff in the wintertime because they have no choice. You get to work at a job you love.
And we were like, okay, it’s probably not going to happen. I didn’t know what a short sale was going to be, so we put in our offer and it was like six months, the bank sat on it. Then we’re like, hey, we’ll just look for the next one.
In This Episode We Cover:
- Like, it didn’t even come up in conversation.
- So when you buy your $30,000 car, that’s $30,000 you don’t have to invest and at exponential gains, that’s $100,000 down the road, a million dollars down the road.
- That’s going to be an expense that’s unique to you and you’re going to factor that in.
- That small business is where you’re learning.
They had a lot of tough times. They just didn’t know much about handling money. Well, my first introduction to money was actually going through some hard money times, growing up as a kid. Send them a link to our show notes which can be found out biggerpockets.com/moneyshow15.
- I think that’s a very good exercise.
- It was just really going through childhood and then seeing that with job loss and then the bankruptcy, yeah it shook my whole foundation as a person.
- She keeps her house at 55 degrees, and she lives in Tahoe.
Connect with Jordan
That’s the toughest thing about telling people where to listen. You can find us wherever partnership you’re listening to the BiggerPockets Money podcast. I do a podcast about craft beer and money, with my best buddy Matt. Okay, Joel, before we wrap this up, we do want to know where people can find out more about you.
Hacking Your Military Benefits to Become Financially Free With J Grayson
I want to be somewhere else.’ Do not just make a plan, but also test that plan a little bit and make sure it is what you want versus diving into it. Like my identity is my job and all that kind of stuff. Then some people are like, well, I am way past whatever the conservative expectations are for this.
Leaving His Job at 36 to Give Back, NOT Get Rich During FI
I don’t want to pay PMI on houses. As a kid, Joel Larsgaard watched his parents work jobs they didn’t like to pay for things they didn’t need. There is no conventional wisdom when it comes to financial independence, but I love that he listened to other people and he said, you know what? I think that’s really where you’re going to build all of these monetary decisions and you’re going to get a ball started rolling and everything like that. So if you want a book that’s going to make you squirm a little bit and you’re going to realize that you’ve been doing some stuff wrong. After—you’ve got to push it a little bit but then it starts going and yeah, that is Newton’s first law.
Financial Security Through Passive Income with Joel Larsgaard
There is always a way to start for free if you’re creative enough. Within that time, he earned enough money to be able to get his own restaurant. To give you another example of a business that borrowed, there was a guy that wanted to start a restaurant. All sorts of different soap businesses and different things, some work really well, and they sell lots. They’re a phenomenal business, but they started for free, well for virtually nothing. They did spend a little bit of money decking out the room, but it wasn’t a significant amount.
We don’t have expensive taste. Looking back now, I can’t believe I didn’t have the conversation. I wasn’t like, ‘Oh, that’s gross.’ I was like, ‘Yeah, go for it. Carl and I never talked about money. Yeah, we have definitely talked about money.
Yes, there is a lot of things no one is recommending liquidate the 401K but I think that you made a bet on that one versus a necessarily a bad decision and the bet did not work out. I love the way she kind of thinks about things. But when you were doing it, you still paid off a lot of debt.
You help them learn about how to handle their money properly. You help people on the Clark Howard Show everyday. You can still have a really great life, and a fulfilling life. He had to take whatever he could because what are different types of ledgers money was such a factor.
I think it’s all about how it comes out of our mouths. Like, I can’t do that in conversation with my friends or family because that’s how I come off. Spending all your money on stupid, pointless junk. You’re going to be just as happy and things are going to be wonderful and you’re going to have all this freedom and choice and control over your day’.
The Low-Stress, Surprisingly Simple Way to Pursue Financial Freedom with Andy Hill
Thank you so much for taking some time out to hang out with us today. And with two clicks, FreshBooks can set you up to receive payments online. FreshBooks is the ridiculously easy accounting software made specifically for small business owners who need to find a better way to deal with their paperwork. We have gone in and we’ve discussed what we call the pillars of financial independence with Brad and Jonathan from over at Choose FI.
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