BiggerPockets Money Podcast

Fast-Track FI by “Gamifying” Your Finances and Making Your Own Luck

Oct 22, 2024
Henry Washington, a real estate investor and author, shares his transformative journey from $40,000 in debt to owning over 140 rental units. He discusses the importance of financial literacy and how a gamified approach to saving can make achieving financial independence not just possible, but fun. Discover tips on funding your first investment, the value of networking, and strategies like the Burr method. Henry's insight into turning challenges into opportunities showcases how preparation and tenacity are essential for success in real estate.
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ANECDOTE

Early Financial Struggles

  • Henry Washington, despite a comfortable upbringing, accumulated $40,000 in credit card debt due to overspending on lifestyle.
  • A lender deemed him "unlendable," preventing him and his wife from securing a joint home loan.
ANECDOTE

Discovering Real Estate

  • After a panic attack about his finances, Washington googled "how to make extra money" and discovered BiggerPockets.
  • Inspired by stories of ordinary people achieving financial freedom through real estate, he decided to pursue it.
ADVICE

Declare Your Intentions

  • Tell everyone you are a real estate investor, even before you are.
  • This puts the intention out into the universe and opens doors to opportunities.
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