Your financial independence and real estate investing questions answered! – Episode 27

In this episode, Chris and Debbie touch on the basics of real estate investing, financial independence, and broad market index fund investing.

They answer the following questions:

1. “What is financial independence?”
2. “What is the best way to get started in real estate investing?”
3. “How do you decide what properties are worth investing in?”
4. “Is my personal residence an asset?”
5. “Is real estate investing the only way to reach financial independence?”
6. “How do I know when I have enough cash-flow or enough invested to retire?”

In answer, they talk briefly discuss the following:

• Their first rental properties, why they bought them, and what the numbers were like
• Appreciation, cash-flow, and buy-and-hold investments
• The 1% rule in real estate investing
• Assets versus liabilities
• High risk and lower risk investments
• Real estate mind-set
• Low fee broad market index funds
• The 4% rule in stock market investing and retirement
• Tracking monthly spending
• The anti-budget