How to Turn Your Biggest Expense Into an Income Producing Asset

On today’s episode of the Financial Independence Podcast, I’m joined by the president of biggerpockets.com and cohost of the BiggerPockets Money Show, Scott Trench!

Scott breaks down the journey to financial independence into three stages and explains what you need to focus on at each step (and why)!

Highlights:

• The three stages of wealth creation on the path to financial freedom
• Why it doesn’t make sense to worry about investing right away
• How to create a “financial runway” and use it to your advantage
• Why you should try to find a “scalable career”
• How to turn your biggest expense into an income-producing asset
• The one question to ask before buying your first house hack
• The multiple benefits of adding side hustles along your journey