[Chad: This is a guest post from Scott Trench, the VP of Operations at BiggerPockets.com. I met Scott through my writing at Bigger Pockets, and I was quickly impressed with his intelligence, ambition, and quick progress towards financial independence before his 30th birthday. Scott recently published a book with the lessons from his experience called Set [Continue Reading]
Archives for April 2017
The Ultimate Battle of Housing: A Dream Home vs House Hacking
This article is about the choice between a dream home and something called house hacking. It’s an ultimate battle to see which housing choice is smarter financially. It’s also about how you can have both your dream home and amazing wealth if you wait until the right time to make your purchase. A good or a bad [Continue Reading]
Friday Fab Five – Q&A With Warren Buffett, House Hacking Interview, & Your Money or Your Life
The Friday Fab Five is a series where I share five recommended articles, books, or resources. I read & study A LOT about real estate, personal finance, entrepreneurship, and life. The Friday Fab Five are some of my favorites that I think are worth your time. Here is this week’s Friday Fab Five. Enjoy! 1. Your [Continue Reading]
The Trade-Up Plan – How to Retire in 8 Years Using Tax-Free Exchanges
This article is about the Trade-Up Plan, which shows you how to quickly build a portfolio of rental properties with strong cash flow using 1031 exchanges. In the sections that follow, I’ll first share the basics steps of the Trade-Up Plan. Then I’ll give you a detailed example that begins with $34,000 in savings and within [Continue Reading]
Destination Financial Independence – The Peak and Plateaus of Early Retirement
I’ve never climbed extreme mountains. The idea of risking hypothermia, frostbite, and deadly falls never appealed to me. But I do love the outdoors, hiking, and ascending less risky peaks. And I love comparing the climb towards financial independence to the thrill of climbing a real mountain. But there’s a problem comparing financial climbs to real climbs. [Continue Reading]