157: Net Worth of 2.7M - Electrical Engineer, Lost 700K During COVID
51 min

Daniel has a current net worth of 2.7MM, 1MM of which is invested in retirement accounts. He works as an electrical engineer and is 44 years old. Daniel shares that he lost about 700K during COVID which has since rebounded. He discusses his investment allocation (mostly index funds), averaging into the market, paying off his primary residence early, and the importance of starting to invest early.

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BiggerPockets Money Podcast
BiggerPockets Money Podcast
BiggerPockets
152: Reaching Financial Independence Despite a Very Late Start with Baby Boomer Super Saver
To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. She was $70,000 in credit card debt, with a big mortgage, and a spouse that had a medical emergency. So how did she make her way to the millionaire retirement level? Through financial management communities like the FIRE movement, she was able to correct her spending faults, earn more, and invest most of her income into retirement accounts. Kathy put in the work to change her mindset about money as a whole, and reach for abundance instead of just survival. Now, Kathy teaches others how they can reach their retirement goals (even if they’re behind where they want to be) on her Baby Boomer Super Saver blog. Whether you’re just starting your career, or are a few years away from retirement, Kathy has some incredible tips on money management, maxing out retirement contributions, and being intentional with your money and your journey. In This Episode We Cover * How to reach your retirement goals even if you start later in life * Snowballing your debt so you can save more * Changing your financial mindset to get where you need to be * The 2 key ways to get your retirement savings up * How catchup contribution accounts like the 457b plan can accelerate your investing * Being intentional with your money while lining up your saving/investing with your values * The importance of educating yourself and not relying entirely on others for financial advice * And SO much more! Links from the Show * BiggerPockets Money Facebook Group * BiggerPockets Forums * Dave Ramsey * BiggerPockets Money Podcast 18 with Mad Fientist
1 hr 6 min
Bogleheads On Investing Podcast
Bogleheads On Investing Podcast
bogleheads
Episode 028: Roger Lowenstein, host Rick Ferri
Roger Lowenstein reported for The Wall Street Journal for more than a decade and is also an award-winning book author. His work has appeared in Bloomberg, The New York Review of Books, Fortune, The New York Times Magazine, and other publications. His best-selling books include Buffett, When Genius Failed, Origins of the Crash, While America Aged, and The End of Wall Street. In this episode, we discuss Roger's books and lessons he learned writing them. This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization's free website is Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
44 min
Real Estate Rookie
Real Estate Rookie
BiggerPockets
$500 Per Door on Multifamily Properties (During COVID!) with Thomas Tsitouridis
Thomas Tsitouridis is truly a jack of all trades. As a kid, he was used to helping on the project-management side of his parent’s 64-unit apartment building (taking out the trash, helping with tenants, and so on). He later realized that real estate investing would hold a special place in his future. Thomas later worked for a construction manager, then chose to start his own construction business, property management business, and long term buy-and-hold business.  Using the experience and cash flow from his construction business, Thomas found that he could amplify his money by buying deals and using his own team to do the construction and rehab. Now Thomas (and his partner) are buying multifamily deals, fixing them up, and getting sustainable cash flow, so they can retire early. Within his first year as a real estate investor, he has already learnt a lot. Thomas shares some great tips on tenant management, system automations, construction, and even financing so you can get better ROI earlier on!  In This Episode We Cover: * What to look for when partnering up with other investors * The importance of having a great broker on your team * Why you need to take action and lock down your first deal  * How to facilitate a rent increase while having empathy for tenants * How to split responsibility between you and your partner * Why ARM loans are a great choice for the BRRRR strategy * Managing tenants while controlling your own emotions * Why you need to ask the stupid questions to be smarter later on * How to start automating everything in your real estate business * And SO much more! Links from the Show * Real Estate Rookie Facebook Group * Ashley's Instagram * Tony's Instagram * Realtor.com * BiggerPockets Calculators * BiggerPockets Insights * Chase * Buildium * Tidying Up with Marie Kondo Check the full show notes here: https://www.biggerpockets.com/rookie39
50 min
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