She can have a different combination of what she’s got going on, continuing on, putting it on pause. There’s a lot of different levers she can pull. She’s got a lot of different options, and some of them include staying where she is and continuing on, and some of them include moving to another country. So I think this is a fun show, and I think, hopefully, we’ll get the wheels turning in thinking about what’s possible on what can I do and how soon can I do it to get what I want out of life. It’s fun to kind of discuss the options with somebody who’s got that kind of clarity and the potential and the ability to make moves the way that Brandy does. It’s a strong one and a very specific goal of moving to Portugal. I think she has got a very unique and complicated financial situation. I really enjoyed today’s show with Brandy. Bottom line is even if you’re starting later in life, you can still reach financial independence. So we have a really great show for you today. She discovered financial independence and she’s like, “Ooh, I would like to do that.” She is considering some geographic arbitrage by way of Portugal, moving to Portugal like I believe it’s Amon and Christina from the YouTube channel where they talk about leaving the Bay Area and moving to Portugal to live their best life, and Brandy would like to do that, too. We are to talking to Brandy today and Brandy did get a bit of a little later start saving for retirement and planning for her retirement goals. Don’t take me ripping, Scott, as anything away from today’s awesome episode. Whether you want to retire early and travel to Portugal, go on to make big time investments in assets like real estate or start your own business, we’ll help you reach your financial goals and get money out the way so you can launch yourself towards those dreams. I don’t know why it’s stuck in my head today, but anyway, Scott and I are here to make financial independence less scary, less just for somebody else, even little kids, which is not the guest today, to introduce you to every many story, even those of you who are starting a little bit later in life, which doesn’t apply to Scott because he’s 12, because we truly believe that financial freedom is attainable for everyone no matter when or where you’re starting, even if you’re 12 like Scott.Īll right. I try to make these intros funny and Scott’s like, “I don’t know that song.” How do you not know that song? It’s Rocket Man by Elton John. Mindy, I really don’t like it when you take these intros and use them as an opportunity to projectile on me your frustrations with my youth. My name is Mindy Jensen and with me as always is my infant co-host who has never heard Rocket Man from Elton John, Scott Trench. Welcome to the BiggerPockets podcast show number 288, Finance Friday edition, where we interview Brandy and talk about self-employment, short-term rentals, tax planning, and geographic arbitrage.Īre we on the right path because we have net worth, but we’re so heavy in real estate equity at this point that even when I track our FIRE numbers and track the potential of moving to Portugal as an opportunity in the future, I just wonder, “Am I thinking of this in the right way?” But what’s the point of so much equity if you can’t use it? This is the main topic of today’s discussion!īrandy is wondering what will make the most sense for her life abroad- keeping the rental properties or selling and investing in stocks? In order to offer suggestions, Scott and Mindy take a look at Brandy’s entire financial picture, where she stands in terms of retirement, how high her expenses are, and what she can do before her journey to start on the best financial foot possible.Ĭlick here to listen on Apple Podcasts. In total, this comes out to a handsome $300k per year, and that’s on top of the million dollars worth of equity that sits between her vacation rentals and her primary residence. Brandy already works remotely, but will be giving up a significant amount of her income once she makes the move.īrandy has multiple streams of income-her contract work, her eBay business, her rental portfolio, and her husband’s job.
Why Portugal? Besides the climate, coastline, and comfortable cost of living, Portugal allows today’s guest, Brandy, to live abroad with a passive income visa. Passive income is a must, especially if you’re trading your life in America to start living in Portugal.
0 kommentar(er)
