4. Enjoying the process, not letting one bad buy discourage you, and determining YOUR amount for cash reserves | Jay from Being Determined

I could listen to Jay's amazing perspective on life, and his nuggets of wisdom for DAYS.  I love how he shares his journey from being young and knowing it all, to experiencing BIG losses on a property, to learning to love the journey (and all those tax advantages!).  Getting your ego in check, and instead focusing on the kind of lifestyle you want to build most.  He shares his thought process behind how much debt to keep, how much cash reserves to keep on hand, and the best time a person should buy investments,  or even a primary residence.   We talk both real estate and equities/stocks (hint: he also is a big index fund fan).  I love Jay's thought process behind why he does not have any bonds in his current portfolio.  He shares about the first property he ever bought, and how he thinks House Hacking is the way to go for newbies (but perhaps not for the nearly married).  I think you will love the wisdom, AND the cute story on how he first met his wife! Learn more: Coach Carson and seller financing  Rules that Warren Buffet lives by Rules on how long to live in your home before selling for a profit, so you can keep the money tax free (it is 2 years!) Rich Dad Poor Dad: a MUST read --- Support this podcast: https://podcasters.spotify.com/pod/show/nerdsguidetofi/support

Om Podcasten

Hey friend, I am Sarah. Welcome to the Nerds Guide to Financial Independence Podcast! I am a solo mama of one, running on too much taco bell and refusing to give up a weekly fancy latte. I’m here to show that financial independence can be for anyone who wants it badly enough. Investing in real estate doesn’t have to be scary, take vast DIY knowledge, or involve heaps of debt. When I am not sharing my own progress to FI, I’ll be picking the brains of like-minded debt contentious investors. I am so glad you are here, my fellow aspiring retirees. Come join the IG party: @nerdsguidetoFI Support this podcast: https://podcasters.spotify.com/pod/show/nerdsguidetofi/support