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Playing with FIRE with Scott Rieckens | Real Estate Investing

Scott Reickens was raised in a Navy household. He lived on base and sometimes shopped within the commissary. It gave him a reasonably skewed sense of what issues really price.

Fast-forward to maturity. He knew he needs to be investing, however he wasn’t certain what to do precisely.

With no excellent shopper debt, he was forward of his friends. But his financial savings charge was miniscule.

Both he and his spouse have been contributing to their 401(okay) plans—actually a superb transfer. However, they have been lacking out on some fairly huge development by investing in a cash market account as an alternative of the inventory market.

Then in the future…

Scott queued up the most recent Tim Ferriss podcast episode. He heard a narrative about how a man and his household lived on round $25Okay a yr. The man was from Colorado and known as himself Mr. Money Mustache. And identical to that, Scott’s life was reworked.

Financial freedom grew to become his new ardour. Although it took a while to get his spouse on board, they’ve now utterly reset their lives.

If you’re in search of methods to speak to your partner about monetary freedom, THIS is an absolute MUST-LISTEN episode!

Click right here to pay attention on iTunes.

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In This Episode We Cover:

  • Scott’s journey with cash
  • How he began earning money
  • The benefits and drawbacks of residing in a navy base
  • The purpose he ended up residing in San Diego with his spouse
  • How he found monetary independence
  • The purpose they by no means gathered shopper debt
  • His suggestion on how you can observe your spending
  • How he manages his private funds
  • The steps he took to persuade his spouse to pursue monetary independence
  • The significance of happiness when pursuing monetary independence
  • And SO rather more!

Links from the Show

Books Mentioned on this Show

Tweetable Topics:

  • “The FI journey is all relative to each individual and it’s flexible.” (Tweet This!)
  • “Anything worth doing is gonna have some obstacles, it’s gonna have some pain, it’s gonna have some learning and you’re gonna have failure to succeed.” (Tweet This!)
  • “It is not about spreadsheets. This is about happiness. This is about time. This is about freedom.” (Tweet This!)
  • “Cutting back isn’t fun until it is.” (Tweet This!)

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About Scott Morgan

Scott B. Morgan writes for Debt Management and Real Estate sections in AmericaRichest.

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