Real estate investing is a powerful tool for building wealth -- but without firm personal finance skills, an investor could lose everything! On this episode of the BiggerPockets Podcast, we talk with CNBC correspondent Natali Morris about the financial skills you need to succeed. In this discussion with Natali, we talk about the limiting beliefs that stop a person from achieving success, the difficulty in raising children to be financially smart, how to keep your family “afloat” while building your business, and much more!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
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In This Episode We Cover:
How Natali serves as "chief home officer"
How she makes the finances work
How she makes use of spreadsheets
A conversation on convincing your spouse to invest
Thoughts on shifting from the stock market to real estate
What Natali does in real estate
A conversation about turnkey real estate
How she thinks of budgeting
How Natali overcame a hard time in her marriage
The "profit first" philosophy in business
Why you should always pay yourself first
Limiting beliefs and how to overcome them
Avoiding the “buts” and “the problem is” phrase
The importance of teaching kids the value of dollar and not spoiling them
How she's able to manage her time as a mom
How debt causes stress
And SO much more!
Links from the Show
Zillow
BiggerPockets Analysis
BiggerPockets Calculators
BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
Be a Podcast Guest
BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA
How To Track And Manage Your Rental Properties (blog)
Confronting Your Limiting Beliefs About Wealth (blog)
NeatReceipts
Books Mentioned in this Show
Profit First by Mike Michalowicz
Rich Dad Poor Dad by Robert Kiyosaki
Tax-Free Wealth by Tom Wheelwright
The Book on Tax Strategies by Amanda Han and Matthew MacFarland
The Opposite of Spoiled by Ron Lieber
A Happy Pocket Full of Money by David Cameron Gikandi
The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
"What you resist persists." (Tweet This!)
"Your thoughts become things." (Tweet This!)
"What’s easy to do is easy not to do." (Tweet This!)
Connect with Natali
Natali's BiggerPockets Profile