149: Listener Finance Review: Knocking Out Debt to Start Investing

149: Listener Finance Review: Knocking Out Debt to Start Investing

Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot. He has some debts he'd like to knock out so he can start investing in real estate, and potentially start a business. He just got a promotion and a raise, and on paper is doing pretty good. But Nick needs to start budgeting, because a dollar here and five dollars there is eating up his overage, so there is very little to save. In today's episode, Scott and Mindy sit down with Nick to go over his current financial situation and use their life experiences to suggest easy wins to help pay down his debt, start saving for future real estate purchases, and start investing for retirement. Nick's in a good place right now, but following Scott & Mindy's suggestions should help him get money out of the way so he can go on to lead his best life! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey Mobile Expense Tracking App - Waffles On Wednesday Check the full show notes here: https://www.biggerpockets.com/moneyshow149 Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(744)

Paul Merriman’s 4-Step Portfolio Strategy for Long-Term Wealth

Paul Merriman’s 4-Step Portfolio Strategy for Long-Term Wealth

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The New FIRE? Why Time Freedom Beats Early Retirement

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In this episode of the BiggerPocketsMoney podcast, Mindy Jensen and Scott Trench host Ryan Sterling, CEO of NerdWallet Wealth Partners, to discuss the nuances of different financial advisor compensati...

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How We Built a $1M Net Worth by 32 (Step-by-Step Breakdown)

How We Built a $1M Net Worth by 32 (Step-by-Step Breakdown)

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3 Feb 55min

The 4% Rule Was Never Designed for FIRE’s Healthcare Reality

The 4% Rule Was Never Designed for FIRE’s Healthcare Reality

The 4% rule has a major flaw: it doesn't account for healthcare costs. If you're planning to retire early, health insurance premiums will rise sharply as you age—from your 30s through your 60s before ...

30 Jan 57min

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The Major MONEY Milestones To Hit By EVERY Decade!

Are you on track to achieve financial independence? In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench outline the essential financial milestones for your 20s, 30s, 40s,...

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The Proven Path to Financial Independence by 44

Should you retire the second you hit financial independence, or is there value in working just a little longer? Steven faced this exact decision at 40 and chose to work four more years. The result? He...

23 Jan 49min

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