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Brian Orlando

๐Ÿ‘ค Speaker
399 total appearances

Appearances Over Time

Podcast Appearances

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

And then it is a really long term play.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

I mean, it

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

This is so minimal, these little chunks of debt that slowly add up on this home equity line of credit on your rental over time.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

Over 10 years, that interest right off of deductible interest can add up.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

But again, it is like a really, really long-term strategy.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

Yeah.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

You want to have everything in order.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

That one tracing becomes even more challenging, having a separate bank account set up.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

There's just a lot more moving parts to trace through.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

Those ones are a little bit trickier when you get into an audit situation and involve a lot of tracking and involve a long timeframe.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

So you kind of have to stick with this strategy, whether it's you or your partner doing it.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

you kind of have to be aligned over a really long time period.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

And, you know, when you're talking about 10 years, there's going to be, you know, a downturn in the market at some point in that period, again, that you just hit on.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

And it's, it's one of those situations where you think you can handle the smoke and the fire and now that things are comfortable, but then when the market dumps or drops, you know, 10, 20, 30%, it does get tricky.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

It's scary.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

And headlines are going crazy and everything like that.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

And,

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

You just kind of have to maintain these positions, keep the maneuver going and everything.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

Honestly, just creating a plan of like figuring out with someone what their goals are, why they're trying to build this plan.

The Wealthy Barber Podcast
#53 โ€” Brian Orlando: The Case for Keeping Your Finances Simple

A lot of people have that goal of retiring early and everything like that.