I Don't Do Toilets Podcast

A bad decision led to a bad purchase. This episode was recorded during Texas power outage with only day time sun light. We were cold and stuck at home so we decided it’s time to get on the hot seat and get a bit transparent about our money moves. We made a bad purchase, but listen and hear how we flipped it in our favor. We also share lessons you can take on your own personal financial journey and even some financial marriage advice.

You want to start investing into stock market but not sure where to start, how to start, or how much money to start with. We dropped some gems as the temperature in our house fell rapidly during the Texas power outage.

As you are encouraging financial independence, can this only be achieved by working for yourself (Entrepreneurship) If so, what if you are not interested in having your own business, but desire financial independence? Also, is (Entrepreneurship) meant for everyone? Lets unpack questions from listener.

Preparation is the key to success and there are no failures only lessons. Listen as we discuss how one night in Austin and the people we met was the culmination of our trial and error as well as preparation. This night created the fire that lit the paradigm shift needed in our journey to freedom!

In previous episode, we discussed the overwhelming amount of debt paid off in a 6 year span. On this episode we unpack how we did it and challenges surrounding using a strategic plan. i.e. A budget!

With a shoulder shrug she said $100k of student loans, like it was a test score. All relationships have a beginning. It is great to begin a relationship financially burden free. A rocky start could impede relationship success. Finances are a top reason why marriages end. Out the racing block, we were $101,500 in student loan debt. Student loans plus additional car loans snowball quickly. GEESH!!!  

You were taught to save 15-20% and live off of 80-85%. How about we flip that? Let's talk saving and investing 70% of your income and living off of 30%. This method will shorten your workforce tenure while putting your dollars to work. Today we introduce you to F.I.R.E. the movement, lifestyle, and possibilities to economically change your life. This episode will introduce you to the concept and why we are currently taking the journey.

To build, you need a detailed plan. In this podcast we lay out our blueprint to building wealth and establishing financial independence. The blueprint will outline mindset change, millennial influence, baby boomer woes, fear factor and much more!  

Real Estate Remix. We secured a down payment and monthly income all while not worrying about managing a property. We did this utilizing a method of Owner Finance. We call this the real estate remix where we get to BE THE BANK. Its been around for a long time but its a gem we discovered that fits the "I don't do toilets" mantra. Real estate is a consistent go-to for building wealth but most think in terms of realtor or landlord tenant relationship. We discuss this method as well as our "aha" moment that wealth is not in your personal home. We will define what an asset is as well as what is a liability. These definitions should define how you spend your money.

P.S.A--PUBLIC SERVICE ANNOUNCEMENT to Generation X! Our vision is simple - Let our dollars do the work and treat our time as the precious resource that it is! This podcast is about our journey towards reducing debt and building wealth through investments. We want to share our knowledge and experiences so you can be Encouraged and Empowered to do the same. In this episode, we’ll share the vision for this podcast, introduce ourselves, and recap 2020 blessings. You will learn more about us and what to expect in upcoming episodes.