BTM153: Millennial Immigrants Build $57 Million Portfolio in 24 Months with Philip Michael

Philip, today’s guest, moved to the US in 2014 and started investing in real estate in 2016. As a writer, he leveraged his his skills to win writing competitions for ends meat and eventually landed on SiriusXM radio and Tv since he couldn’t yet work legally in the U.S.

Fast forward a couple months and along with his nephew/co-founder FC Barcelona star Martin Braithwaite, Philip built a $57M+ real estate portfolio in less than 2 years – including one of a few NYC high rises owned by “Millenials of Color”.

On today’s episode we discuss Philips journey to success and the wisdom he’s gleamed along the way.

Links Mentioned in Today’s Episode:

Philip’s Website

Recommended Book:

Think and Grow Rich

Listen to these books for free with Audible!

Lifestyle Design App:

Asana Management App

BTM 16: Set For Life with BiggerPockets President Scott Trench

Today we welcome Scott Trench, President of Operations at BiggerPockets.com. Scott is also a licensed real estate broker/agent, real estate investor managing 8 units in Denver, CO with a partner, a house-hacker, and personal finance nerd. His book, Set for Life thoroughly details a step-by-step journey to early financial freedom for full-time workers earning median incomes and starting with little or negative net worth. Scott is passionate about financial education and believe that financial literacy allows for empowerment in today’s society.

His writing and economic analyses have been featured in TIME Magazine, CNBC, Forbes, and Realtor Magazine, as well as regional publications like the Denver Post and Tampa Bay Times. Scott has lectured at the University of Colorado and has produced dozens of video/podcast segments explaining intricate real estate concepts to new investors. In this episode Scott dissects his journey to early financial freedom and how he has been able to become successful in doing so. We also talk about his book, Set for Life.

 

Key Points From This Episode:

  • Find out what led Scott to following the philosophy of financial freedom.
  • How Scott turned his frustration into action.
  • Hear how Scott used networking and brand knowledge to get his job at Bigger Pockets.
  • Discover why Scott doesn’t consider himself as an entrepreneur but as an employee.
  • Three ways to becoming financially free at an early stage in life.
  • Learn how Scott got the money to buy his second property.
  • Getting rid of your PMI by having equity in your property.
  • Understand how Scott has found meaning in the work he now does.
  • Continuing to solidify your financial position perpetually with passive income and wealth.
  • How opportunities begin presenting themselves as you accumulate income and wealth.
  • Scott tells us more about his role at Bigger Pockets.
  • Why real estate is considered to be the best way to build passive cashflow.
  • Listen as Scott explains the inception of his book, Set For Life.
  • Hear how Scott’s book will encourage you to make changes in all aspects of your life.
  • Scott’s ways of marketing his book for it to reach the right readers.
  • Defining risk and lowering risk by lowering your expenses.
  • Hear what sacrifices Scott had to make in order to get to where he is today.
  • And much more!

 

Tweetables:

[spp-tweet tweet=”“If you want to become financially free at an early stage in life, there’s only three ways to do it.” — @strenchbp “]

[spp-tweet tweet=”“My goal is less financial freedom and more helping more and more people.” — @strenchbp”]

[spp-tweet tweet=”“I think real estate is for many people, the best way to build passive cashflow.” — @strenchbp”]

[spp-tweet tweet=”“I consider risk to be the inability to pursue my potential.” — @strenchbp  “]

 

Links Mentioned in Today’s Episode:

Scott Trench

Scott’s book, Set For Life

Mr. Money Mustache

Early Retirement Extreme

Radical Personal Finance

Thomas J. Stanley’s book, The Millionaire Next Door

Thomas J. Stanley’s book, The Millionaire Mind

 

Access The Best Strategies, Tips & Advice!

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community

BTM 03: How to achieve 1,000,000 Blog Page Views with Lauren Bowling

Our guest on today’s show is Lauren Bowling. Lauren is the award-winning blogger and editor behind FinancialBestLife.com and author of The Millennial Homeowner: A Guide to Successfully Navigating Your First Home Purchase. She has been blogging since 2012, and is now a recognized thought leader on millennial finances and first-time homeownership. Lauren achieved over a million page views in just a few short years on her blog after quitting her job at a hedge fund. She currently works full-time on her online businesses and in real estate.

 

In today’s episode, Lauren walks us through her journey from start to present, and how she went from aspiring actress to well known author. She has been featured in publications such as Forbes, US News and the Huffington Post. Financial Best Life is the personal finance destination for people who think “outside the box” when it comes to their money. Instead of simply telling you how to budget, spend, and save, instead the goal is to talk about your dreams and how money can be used as a tool to help you live out your “best life.”

 

Key Points From This Episode:

  • Lauren shares with us how she got started on her journey and what she is working on today.
  • Hear how Lauren’s shopping addiction and debt led her to starting her blog on finance.
  • Understand how Lauren used the 50/30/20 method to help her pay off her $10k college debt.
  • Find out what Lauren did as a side hustle in order for her to pay off all her debt.
  • Learn how Lauren managed to use her debt to help her be vulnerable, transparent, and to grow as a blogger in her financial journey.
  • Lauren tells us how she has been able to grow her blog from 1 viewer to over 1 million views.
  • Hear some of Lauren’s favorite apps to use as a full-time blogger in the industry.
  • Find out how Lauren went from employee to blogger, and how she made the transition.
  • Hear how the question, “How do I want to spend my time?” got Lauren to branch out.
  • Learn more about Lauren’s goals for the future.
  • Find out what Lauren has learned as a first-time homeowner and the real estate industry.
  • Hear some of the positives lessons Lauren took away from owning real estate.
  • Hear how the FinCon community has helped Lauren to grow in her financial journey.
  • Learn why you need to outsource in order to be more successful.
  • And much more!

 

Tweetables:

[spp-tweet tweet=”“Money is a tool and you can use it to create the life you want to live.” — @finbestlife”]

 

[spp-tweet tweet=”“Money mistakes are going to happen, it’s how we rise from those that is important.” — @finbestlife”]

 

Links Mentioned in Today’s Episode:

Lauren Bowling’s Website — http://financialbestlife.com/

Lauren on Twitter — https://twitter.com/finbestlife

Lauren’s LinkedIn Profile — https://www.linkedin.com/in/lbowling23/

Lauren’s book, The Millennial Homeowner: A Guide to Successfully Navigating Your First Home Purchase

Big Magic by Elizabeth Gilbert

FinCon Community — http://www.finconmedia.com/

 

Access The Best Strategies, Tips & Advice!

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community