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תוכן מסופק על ידי Cole Baltz. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Cole Baltz או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
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Flying Jets By Day... Living In My Moms Basement By Night

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Manage episode 485554671 series 3666273
תוכן מסופק על ידי Cole Baltz. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Cole Baltz או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Send us a text

The path to real estate wealth rarely looks like the glamorous stories we see online. Sometimes, it means making the uncomfortable choice to live with your parents well into adulthood or finding roommates to slash your biggest expense. That's exactly what I did – working as an airline pilot, flying military missions part-time, and gradually building a rental property portfolio while living in my family home.
Was it embarrassing? Absolutely. I was probably "the only instructor pilot in the Army living in his mom's basement." Did people make fun of me? Constantly. But I was playing the long game, looking through a 5-10 year lens while saving $10-15K annually – enough to purchase a duplex each year in my market.
When you're starting your real estate journey, those first few deals determine everything. They create the foundation and momentum for everything that follows. With modest income from regional airlines ($40K) and military service ($15K), controlling my housing costs made the difference between building wealth and merely dreaming about it.
For those unable to live with family, roommates offer similar financial benefits. During flight school, sharing housing with two others not only reduced expenses but created lasting friendships and memorable stories. The principle remains the same: housing typically represents your largest monthly expense, and controlling it creates immediate capital for investments.
This strategy becomes even more powerful in today's economic landscape, where inflation has outpaced wage growth. When you're early in your career with limited leverage to increase income, reducing expenses offers immediate results. Nothing should be off-limits when you're serious about building a portfolio – whether living at home, finding roommates, or reducing social spending.
The equation is simple: make more money or spend less. Since significant income growth takes time, especially early in your career, strategic expense reduction creates the financial margin necessary for meaningful investing. No one is coming to rescue you financially – only your consistent actions will determine your results.
What uncomfortable but strategic choice could accelerate your path to financial freedom? Share your thoughts in the comments, and subscribe for more practical, no-nonsense advice on building real wealth through real estate.

  continue reading

פרקים

1. Living at Home to Launch Investing (00:00:00)

2. Finding Roommates as an Alternative (00:01:16)

3. Making Every Dollar Count Early On (00:02:28)

4. Facing Inflation with Smart Housing Choices (00:04:11)

5. The First Five Deals Matter Most (00:06:30)

6. Taking Action vs. Just Watching Videos (00:08:09)

33 פרקים

Artwork
iconשתפו
 
Manage episode 485554671 series 3666273
תוכן מסופק על ידי Cole Baltz. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Cole Baltz או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Send us a text

The path to real estate wealth rarely looks like the glamorous stories we see online. Sometimes, it means making the uncomfortable choice to live with your parents well into adulthood or finding roommates to slash your biggest expense. That's exactly what I did – working as an airline pilot, flying military missions part-time, and gradually building a rental property portfolio while living in my family home.
Was it embarrassing? Absolutely. I was probably "the only instructor pilot in the Army living in his mom's basement." Did people make fun of me? Constantly. But I was playing the long game, looking through a 5-10 year lens while saving $10-15K annually – enough to purchase a duplex each year in my market.
When you're starting your real estate journey, those first few deals determine everything. They create the foundation and momentum for everything that follows. With modest income from regional airlines ($40K) and military service ($15K), controlling my housing costs made the difference between building wealth and merely dreaming about it.
For those unable to live with family, roommates offer similar financial benefits. During flight school, sharing housing with two others not only reduced expenses but created lasting friendships and memorable stories. The principle remains the same: housing typically represents your largest monthly expense, and controlling it creates immediate capital for investments.
This strategy becomes even more powerful in today's economic landscape, where inflation has outpaced wage growth. When you're early in your career with limited leverage to increase income, reducing expenses offers immediate results. Nothing should be off-limits when you're serious about building a portfolio – whether living at home, finding roommates, or reducing social spending.
The equation is simple: make more money or spend less. Since significant income growth takes time, especially early in your career, strategic expense reduction creates the financial margin necessary for meaningful investing. No one is coming to rescue you financially – only your consistent actions will determine your results.
What uncomfortable but strategic choice could accelerate your path to financial freedom? Share your thoughts in the comments, and subscribe for more practical, no-nonsense advice on building real wealth through real estate.

  continue reading

פרקים

1. Living at Home to Launch Investing (00:00:00)

2. Finding Roommates as an Alternative (00:01:16)

3. Making Every Dollar Count Early On (00:02:28)

4. Facing Inflation with Smart Housing Choices (00:04:11)

5. The First Five Deals Matter Most (00:06:30)

6. Taking Action vs. Just Watching Videos (00:08:09)

33 פרקים

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