How We Paid Off Our $160,000 Mortgage in our 30’s – with David Venis

On our Mortgage Freedom series today we’re going to interview someone who paid off their mortgage at 32 years old. And now he and his wife have a lot more money to enjoy.

David Venis and his wife Stephanie live in East Central, Illinois, with their awesome pup named Abby.

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10 Steps I Took to Leave My Six-Figure Job and Become an Entrepreneur

Tomorrow will be my last day at my job. 

After 15 years of working as an event marketing professional, I’ve decided that I’m ready for a new chapter in my life.

The companies I’ve had the pleasure of working with have treated me well, given my family benefits and paid me generously. I sincerely appreciate the opportunities I’ve been given. It’s just time for me to follow a new calling.

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Why I’m a Family Man with a Business (And Not a Businessman with a Family) – with Jon Vroman

A lot of us are hard-charging employees, side hustlers, or business owners who are looking to grow, get that promotion, or just make more money. But we can’t forget the most important people in our lives: our spouses and our children.

Today, we’re going to talk about how we can practice putting family first and how it’ll help us be even more successful in our financial lives.

Jon Vroman is my guest today. He’s married to his wife Tatyana and he’s a father to two energetic and playful boys, Tiger and Ocean, and they live in Austin, Texas.

Jon is a bestselling author and the founder of a global network of men at Front Row Dads. They believe in being family men with businesses, not businessmen with families.

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7 Reasons Not to Buy a Home (When You’re In Debt and Have No Savings)

Our second question of the month comes in from Anonymous from our Thriving Families Facebook Community:


Hey Andy,

Should we wait until we’re debt-free in order to buy our first home knowing that we’ll be renting for at least the next two years? 

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I completed Dave Ramsey’s Baby Steps. Should I now invest in real estate or the stock market?

Our first question of the month comes in from Christie from Cincinnati:  


Andy,

I love the podcast. I have two questions.

How long have you been on Dave Ramsey’s Baby Step 7?

We are on Baby Step 7 with 1 paid-for rental. We are considering selling the rental property and just investing in a mutual fund instead. 

I know you keep talking about buying a rental, but after 8-10 years we are finding it really isn’t making as much money as we think the stock market could. And we won’t have to worry about tenants calling with a problem. 

What are your thoughts? 

Christie

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How We Paid Off Our Mortgage Early By Living On One Income – with Tracey Sherman-Falcon

For this month’s Mortgage Freedom series, I caught up with Tracey Sherman-Falcon from Aurora, IL. She and her husband Gandi Falcon just paid off their mortgage!

They are so thrilled with the emotional benefit of paying off their mortgage early that they are ready to pay off their rental properties as well.

As a truck driver and a food truck owner, Tracey and her husband Gandi paid off their mortgage early on a household income of less than $100,000 per year.

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15-Year Mortgage Paid Off in 5 Years

During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”.

This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I got home from out-of-town, I had to see it.

My wife has excellent taste and the majority of the time we are in sync. I wasn’t worried about liking it. I was worried about getting a BIG MORTGAGE to pay for it!

Honestly, I had been burned before. My first home purchase was a disaster. 

I bought more home than I could afford in 2004 and when the housing market tanked in metro Detroit around 2009, I owed more on the house than it was worth. I did not want to be in that position again. 

Surprisingly, when I got a look at the house Nicole found, I loved it too. It felt like home instantaneously. Even the neighbors were perfect.

We decided to go for it.

BUT… I had a few rules that we discussed to ensure we would pay off our mortgage in 5 years:

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Building a Multi-Six-Figure Online Business from Home – with Monica Louie

A lot of young parents are looking for a flexible work schedule so they can spend more time with their kids. Creating a business that provides your family with a good income and the flexibility to work where and when you want starts to become an ideal situation.

Now, this isn’t an overnight thing. You have to work hard, you have to hone your craft and dedicate years to grow it, but over time the hard work can pay off big.

Our guest today, Monica Louie, found out a way to create a business from home that allows her to spend more time with her two young children, husband and still make a multi-six-figure income.

Her story of family and entrepreneurial success has been featured on the Smart Passive Income podcast, Thrive Global and Forbes.

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How to Make Long-Distance Real Estate Investing Easy – with Zach Evanish from Roofstock

For our Fintech Spotlight segment this month, we are featuring our sponsor Roofstock. A company that makes investing in single-family rental properties radically simple.

I’ve invited the Director of Retail at Roofstock, Zach Evanish to tell us a little bit more about this online real estate marketplace and how it’s helping new and seasoned investors build wealth. We’re also going to discuss long-distance real estate investing and why it’s not as scary as it sounds.

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How to Make Charitable Giving a Family Tradition

Charitable giving can feel difficult or even impossible when we’re in debt and barely scraping by. When we’ve lifted ourselves up to a position of financial strength and confidence, giving back feels like the right thing to do.

Sharing the wealth with our neighbors in need is a privilege and an honor. 

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