“Can I retire yet?” If you’re today’s guest Jenn, then the short answer is a resounding “yes”. And if you aren’t Jenn, you’ll probably want to be in her position upon retirement. Jenn has a lot of income options: a military pension from her spouse, a great full-time income, real estate syndication cash flow, and a LOT of assets. Jenn’s net worth has reached the height of around $4 million, with more than a million alone in retirement accounts.
If Jenn is so set, why is she coming on the Money Podcast to talk with Scott and Mindy? Well, Jenn has a pretty large amount of expenses: somewhere in the ballpark of nine thousand dollars a month. She wants to know if she has enough passive income and investable assets to continue living life the way that she sees fit. Her family will also be moving to Europe for the next year or so, making it even more crucial that she has enough to enjoy traveling.
This show talks about some pretty high-level concepts specifically around real estate equity and syndications. Even if you’re not an accredited investor, this information will be worth its weight in gold to you as you scale your income and net worth. Soon, you could be in a position just like Jenn!
Mindy Jensen:
Welcome to the BiggerPockets Money Podcast show number 264, Finance Friday edition where we talked to Jenn about the end of the financial independence journey and coming to terms with leaving your job.
Jenn:
I’m not comfortable with this whole situation. I’m very nervous. Mindy, I hear you talking about your husband who was reluctant to pull the trigger even when you guys knew you could afford to do it. And we’ve talked to a financial consultant and they were like, “You can do this, but we thought they meant you have to sell everything to be able to do it.” And we’re like, “They just don’t understand our situation.” I won’t know if I can do this until I talk to Scott and Mindy.
Mindy Jensen:
Hello. Hello. Hello. My name is Mindy…