Evolving Perspective on Financial Philosophy and Debt

The speaker discusses their changing view on financial philosophy, leaning towards Dave Ramsey's ideas on debt and cash flow. They explore strategies for paying off debt and generating more cash flow, while highlighting the risks of tenants not paying and the challenges of business partnerships.

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Robert Leonard brings back his good friend Chad Carson to discuss his new book The Small & Mighty Real Estate Investor, including the differences between building a small portfolio and a large portfolio, how to deal with debt in partnerships, people not paying rent, the psychology of being a workaholic, the 7 rules of a small and mighty real estate investor, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

12:05 - What it means to be a small & mighty real estate investor.

12:05 - 7 rules of a small & mighty real estate investor.

34:18 - How to deal with being a workaholic.

43:11 - How to think about debt.

46:41 - How to deal with tenants not paying rent.

47:13 - Why you might not want to build a big real estate portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Chad Carson’s book The Small & Mighty Real Estate Investor.
Chad Carson’s book Retire Early with Real Estate.
Related episode: Listen to REI056: Warren Buffett Style Real Estate Investing, or watch the video.
Related episode: Listen to REI001: How to Get Started in Real Estate, or watch the video.

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Connect with Chad: Website | Twitter

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