Still Not Feeling “Safe” After Hitting Financial Freedom?

The path to financial freedom is different for everyone. Some invest in stocks, others flip houses, but one couple breeds rats, trains horses, and buys rentals in cash. Before you get squeamish, this isn’t a show about flipping rats for profit. But, it is a show about horse training, unique investments, and how to ease off the gas when building wealth. Even if you’re far from your FI number, thinking about this concept will help you tremendously once you’ve retired.

Alexis and Max have an interesting situation, and they aren’t your everyday workers. Both of them work out in the field, up against the elements, making some serious money to help train horses. Max was a self-taught trainer who built an impressive resume while only in his teenage years. He has a passion for finding, training, and flipping horses that will one day be champions. This is his life’s work and it’s allowed him to charge a pretty hefty price tag.

But, the couple hasn’t just been investing in horses. They also have nine paid-off rental properties, subsidizing the entirety of their monthly spending. But, even with their high net worth, they’re struggling to feel comfortable with their financial situation. They’d like to buy a house of their own, take a break from work, and allow themselves more time freedom. But do they really need more money, or do they simply need to rethink their already solid situation?

Show Notes at:
https://www.biggerpockets.com/blog/money-326?utm_source=youtube&utm_medium=description&utm_campaign=none
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Finding a Financial Planner: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-41-find-certified-financial-planner-cfpkyle-mast?utm_source=youtube&utm_medium=description&utm_campaign=none
Retirement Investing: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-84?utm_source=youtube&utm_medium=description&utm_campaign=none
Personal Finance Masterclass: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-kyle-mast?utm_source=youtube&utm_medium=description&utm_campaign=none
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Should You Pay Cash for a House? Maybe Not—Here’s Why:
https://www.biggerpockets.com/blog/all-cash?utm_source=youtube&utm_medium=description&utm_campaign=none
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Is Your FI Number Overly-Conservative?
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-184-kristine?utm_source=youtube&utm_medium=description&utm_campaign=none
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Don’t Delay Your Wealth by Being Scared of “Good Debt”:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-201-jake-simon?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode #326

00:00 Intro
03:12 Income and Expenses
11:26 Assets and Liabilities
19:21 Horses, Inheritance, and Debt-Free Houses
26:26 Financial Goals
31:37 Do You NEED to Build More Wealth?
36:57 Savings and Being Scared of “Lazy Money”
53:45 The Downsides of Taking on Debt
55:48 The Wealth-Building Journey Continues