Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts. He wants to hit financial independence by forty, but his lack of cash is making things difficult. Something’s got to give, and Mindy and Scott are here to help!Welcome back to the BiggerPockets Money podcast! Dan has done an amazing job investing for the future and house hacking throughout his 20s. But now he’s got a MAJOR problem on his hands. Although he and his wife earn around $200,000 per year, they have little to no cash available. With real estate debt, hospital bills, and new baby expenses, Dan is starting to feel the pressure. That extra cash he was able to accumulate only a few years ago? It’s not so easy to find anymore.In this episode, Mindy and Scott take a deep dive into Dan’s finances to help solve his cash flow problem. Should he follow his real estate dream and pause his retirement account contributions or pivot to a job that will increase his income by another $50,000 per year? Stay tuned to find out!In This Episode We CoverSavvy ways to increase your cash flow without taking on more debtDan’s house hacking strategy that covers a HUGE chunk of his mortgageUsing a home equity line of credit (HELOC) to buy real estateHow to ask for a raise (and when to pivot to a higher-paying job)Investing in real estate versus building up your retirement accountsHow Dan plans to reach $10,000/month in “passive” income by the age of fortyAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Money MomentIntentionally Choosing the Path to Financial Independence with Financial MechanicSystematically Increasing Income and Intentionally Decreasing Spending with A Purple LifeBreaking the Taboo of Talking About Money with Friends, Family, and BossesHear Dan on the “Real Estate Rookie” PodcastClick here to check the full show notes: https://www.biggerpockets.com/blog/money-501 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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