Real Estate Investing with Coach Carson #406: Solve These 3 Expenses and Get Rich ("The Big 3")
May 2, 2025
Discover how to build wealth by tackling the three biggest expenses: housing, transportation, and food. Learn about innovative strategies like house hacking to reduce costs and create financial wiggle room. Explore frugal living tips and ways to manage food expenses effectively. The importance of a supportive community for making financial decisions is highlighted, emphasizing that anyone can achieve financial freedom with the right approach.
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Louie's Wealth-Building Story
- Louie learned from a wealthy factory owner that living below your means is key to wealth.
- Always live on a fixed amount while increasing income to build wealth over time.
Savings Gap Builds Wealth
- The gap between your earnings and spending is the foundation of building wealth.
- Saving that gap allows you to invest and grow your financial freedom over time.
Cut Housing Expenses with House Hacking
- Cut housing costs by house hacking: rent part of your home to cover expenses.
- Choose simpler, smaller homes that are easier to afford and manage for long-term savings.