In this episode: the 2.5 million dollar inversion, looking at the incentives, interest rates, your biggest asset, and potshots.

When you begin your FI journey, you may feel like you must follow a certain path or plan in order to achieve your desired outcome. However, the longer you are this journey the more you realize that it is a personal one that requires adaptability when so many factors can affect your bottom line. This week we are back with Scott Trench from BiggerPockets as he shares his insights on investing and looking at your portfolio from an “outset” perspective, as well as touch on the shape of the real estate market. It is important to remember that there is a lot of push and pull on this journey, and it is not meant to be perfect. While you may have expectations for your portfolio and your long term plans, there will be times where you will have to make tradeoffs. Just as the markets change and may signal uncertainties to come, remember that flexibility while maintaining your long term goals will allow you to feel more equipped to move through these times.

Scott Trench:

Website: BiggerPockets
Podcast: The BiggerPockets Money Podcast
Instagram: @scott_trench

Timestamps:

0:57 - Introduction
2:05 - The 2.5 Million Dollar Inversion
8:52 - Always Look At The Incentives
12:49 - The Traditional Path To FI And PotShots
17:45 - Your Biggest Asset/Should You Be Inefficient?
25:52 - Executing The Concept
31:12 - The Impact Of Interest Rates Today
42:21 - The Commercial Impact
52:10 - Buying Properties With Cash
56:21 - Conclusion

Resources Mentioned In Today’s Episode:

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