The Lifestyle Edit Podcast

167. Real Estate Investing As A Pathway To Financial Independence

Episode Summary

A big theme we’ve been talking about in our coaching containers is about financial independence. Generating more income is step one; but true wealth is created when we take the surplus income from our businesses and leverage it to buy assets that allow our net worth to grow.

Episode Notes

We’re bringing this conversation to the podcast with this conversation with Kendra Barnes, a powerful voice in the real estate education space, unpacking how real estate can be used as a vehicle to build wealth.

We talk about:

What financial independence is and the different types.
How to uncover what your financial independence number is and determine how much you need to invest monthly to support those goals
Why real estate can be a powerful place to leverage your surplus profits to reach financial independence
Mindset shifts required to increase your savings rate to reach financial independence faster
What Kendra’s real estate portfolio looked like when she was able to retire from her corporate job at 32.
What house hacking is and why it’s a great place to start
How to look for real estate deals, how to create a criteria for your portfolio and choose a market
Why debt isn’t a bad thing and how we can leverage debt to accelerate wealth building
Paying cash versus taking on mortgages for properties
Whether or not to use a property manager
Long-term rentals versus Air BNBs
Estate planning and building generational wealth

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