210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

Teachers do a lot more than we give them credit for (as shown throughout the past year and a half), but sadly, they don’t get paid terribly high salaries. Today’s guest, Stephanie, is a music teacher for young children and is debating whether or not she should make a career change to up her income to higher levels. Stephanie has a good amount in savings and investments but wants to take on a duplex to house hack and save money on monthly housing costs. Scott and Mindy walk through the pros and cons of house hacking and answer questions about live in flips. The best part about Stephanie’s story is that she has the option to move anywhere in the United States. She has nothing holding her to New Jersey and may be keen to move out due to the high taxes she has to pay. With the combination of a career change and the potential to do a live in flip/house hack on the horizon, Stephanie has a lot of great (and broad) options to help her reach financial independence! In This Episode We Cover Changing careers to maximize financial independence goals Starting a side hustle so you can earn extra income Roth IRAs, 401(k)s, and Solo IRAs House hacking as a means to not only cut housing expenses but build wealth Who should (and shouldn’t) do a live in flip Should you pay off low-interest debt or invest? And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(744)

How to Set FIRE Goals and Actually Achieve Them (2026)

How to Set FIRE Goals and Actually Achieve Them (2026)

Episode #704 ~~~ Download the Goal Setting Document: www.biggerpocketsmoney.com/resources  ~~~ Subscribe to the 31 Day Challenge: www.biggerpocketsmoney.com/31days  ~~~ Subscribe to our Weekly N...

23 Joulu 202537min

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

Ready to take control of your finances in 2026? Mindy Jensen and Scott Trench are breaking down one of the most powerful tools for financial success: the personal financial statement. Think of it as y...

19 Joulu 202525min

How this Couple Achieved FIRE in Their 30s (Average Income)

How this Couple Achieved FIRE in Their 30s (Average Income)

Sam and Carolyn reached financial independence in their thirties through frugality, real estate investing, and building side hustles that generated $10,000 per month. Then they made a bold move—quitti...

16 Joulu 20251h 9min

Financial Independence Through the Unthinkable: A Healthcare Crisis

Financial Independence Through the Unthinkable: A Healthcare Crisis

Join Mindy Jensen and Scott Trench for a powerful conversation with Regina Moore, who achieved millionaire status before 35 through frugality and her career as a pharmacist. But when her young son was...

12 Joulu 202553min

The Ultimate Guide to Early Retirement Drawdown (2026)

The Ultimate Guide to Early Retirement Drawdown (2026)

Building a $2.5 million portfolio is hard. Spending it without running out? That's even harder. Welcome to the 700th episode of the BiggerPockets Money Podcast! To mark this milestone, hosts Mindy Je...

9 Joulu 202549min

The Case for Blended (Instead of Sequential) Drawdown for Early Retirees

The Case for Blended (Instead of Sequential) Drawdown for Early Retirees

Are you using the wrong retirement withdrawal strategy? Sequential drawdown—draining one account before touching the next—is the most common approach to early retirement, but it could be costing you t...

5 Joulu 20251h 11min

If We Started FIRE Over in 2025, Here's Exactly What We'd Do

If We Started FIRE Over in 2025, Here's Exactly What We'd Do

What would you do differently if you could start your FIRE journey over today? Back in 2013, Scott was fresh out of college house hacking his way to financial independence, while Mindy and her husban...

2 Joulu 202537min

Does Money Buy Happiness? What the FIRE Community Gets Wrong

Does Money Buy Happiness? What the FIRE Community Gets Wrong

What happens after you achieve financial independence? Former Facebook employee turned comedian Paul Ollinger discovered the answer wasn't what he expected—and it completely changed how he thinks abou...

28 Marras 202550min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
rss-rahamania
rss-lahtijat
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rss-startup-ministerio
rahapuhetta
lakicast
rss-porssipuhetta
rss-bisnesta-bebeja
rss-sisalto-kuntoon
rss-set-for-life-sijoita-ja-vaurastu
rss-rahataito-podcast
rss-paasipodi
rss-viisas-raha-podi