Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
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Ep53: This Couple Escaped Debt and Built a $1.4M Real Estate Empire
Manage episode 436561486 series 3595688
Dr. Disha interviews Ali and Josh, the dynamic duo behind The FI Couple. They discuss their transformation from living paycheck to paycheck with over $100,000 in debt to becoming successful real estate investors with a $1.4 million portfolio.
They share insights into their real estate strategies, including house hacking and seller financing, and the balance between paying off debt and investing. The couple also talks about their social media platform, The FI Couple, which educates and inspires others to achieve financial independence. Their story is a testament to the power of perseverance, strategic planning, and community support.
More on The FI Couple, Ali and Josh:Ali and Josh are the creators of The FI Couple, a platform dedicated to helping everyday people achieve financial independence through real estate investing and smart financial strategies. After starting their married life with over $100,000 in debt and working low-paying jobs, they discovered real estate investing as a path to financial freedom. They have since built a $1.4 million real estate portfolio, left their 9-to-5 jobs, and now educate others on personal finance and real estate through their social media channels and community. Ali and Josh live in Upstate New York and are passionate about helping others improve their financial situations.
HIGHLIGHTS[00:01:00] - Allie and Josh's financial struggles and the turning point.
[00:03:00] - Their first conversation about finances during wedding planning.
[00:06:00] - Discovering Dave Ramsey and the fire movement.
[00:07:00] - Transitioning from Dave Ramsey to real estate investing.
[00:08:00] - First house hack and reducing living expenses.
[00:11:00] - Aggressively paying off debt and the impact of side hustles.
[00:13:00] - Buying the second house hack and living rent-free.
[00:17:00] - Challenges and strategies in balancing work, investing, and life.
[00:19:00] - Acquiring the third property and their approach to off-market deals.
[00:21:00] - Launching The FI Couple and its unexpected success.
[00:24:00] - Scaling their real estate portfolio and future goals.
[00:27:00] - Leaving their 9-to-5 jobs and transitioning to full-time entrepreneurs.
[00:28:00] - Income sources from rentals and The FI Couple platform.
[00:30:00] - Providing education and mentorship through their platform.
[00:31:00] - Managing properties and outsourcing maintenance tasks.
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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.
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