REI085: You Should NOT Pay Off Your Debt w/ Alan Corey

Aug 30, 2021

01:07:38

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Robert Leonard speaks with Alan Corey about why he chose to approach FIRE using real estate instead of the stock market, how he deals with labels or stereotypes of being “different” and “too cheap” and how he manages not to be bothered by them, his definition of “good debt” and how to use that to achieve one’s financial goals, and much, much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

05:45 - Why Alan chose to approach FIRE using real estate.

16:39 - Alan’s definition of FIRE and what exactly it stands for.

25:31 - What Alan means about thinking of each property one buys as a lottery ticket.

26:43 - Alan’s definition of “good debt” and how to use that to achieve one’s financial goals.

40:49 - How to balance the dynamic of what's right from a financial perspective versus what makes people feel good.

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.
Learn more about house hacking.
Get a FREE audiobook from Audible.
Read the 9 Key Steps to Effective Personal Financial Management.
Alan Corey’s book House FIRE.
What does going against the crowd mean?
Robert Leonard's book The Everything Guide to House Hacking.
Michael Blank’s book Financial Freedom with Real Estate Investing.
Chad Carson’s book Retire Early with Real Estate.
Brandon Turner’s book How to Invest In Real Estate.
All of Robert’s favorite books.

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