BiggerPockets Money Podcast 80: Managing Money: How a Saver & a Spender Are Living Happily Ever After with Rich & Regular
Kiersten and Julien came from two very different money backgrounds. She’s the naturally spendy one, and he’s the natural saver.
Want more articles like this?
Create an account today to get BiggerPocket's best blog articles delivered to your inboxSign up for free
Their money views came to a head on their first vacation, when she put everything on a credit card—not to earn reward points—because she didn’t have the money to pay for it.
The ensuing argument caused them to have some pretty tough money conversations very early on in their relationship. But it also set them up for early financial freedom.
Kiersten decided her old, spendy ways weren’t what she wanted out of life. She started shedding her “things” so that she could pay off her debt and start investing.
They researched and discovered a hole in the FI community. There just weren’t many blogs devoted to the African American community that focused on tips about money and early financial freedom. So, they started their blog, Rich & Regular, to bridge this gap.
Investing in real estate helped create enough passive income for Julien to leave his corporate job, and for the couple to start living the life they truly want.
Plus, don’t miss when Julien casually drops one of the best paying-for-college tips that’s ever been shared on this show.
If you’re struggling with spending too much money or reconciling your frugal ways with that of your partner, this is a must-listen episode.
Click here to listen on iTunes.
Listen to the Podcast Here
Watch the Podcast Here
Help Us Out!
Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds. Thanks! We really appreciate it!
Manage your rentals with ease. With TenantCloud you can receive payments online, advertise your properties and screen potential tenants easily.
Learn more by visiting tenantcloud.com/money
Fundrise enables you to invest in high-quality, high-potential private market real estate projects. I’m talking anything from high rises in D.C. to multi-families in L.A. — institutional-quality stuff. And each project is carefully vetted and actively managed by Fundrise’s team of real estate pros.
Their high-tech, low-cost online platform lets you track the progress of every single project, and keep more of the money you make. Oh, and by the way, you don’t have to be accredited.
Visit Fundrise.com/bpmoney to have your first 3 months of fees waived.
Trust and Will is estate planning, simplified. Legally protecting your assets will give you peace of mind, and it only takes about 10 minutes to finish online.
Trust and will.com offers guardianships, wills and trusts in all 50 states, and starts at $39. They also have people available to instantly answer your questions, making the process even easier.
BiggerPockets Money listeners can get 10% off by going to www.trustandwill.com/biggerpockets or by entering the promo code biggerpockets at trustandwill.com
In This Episode We Cover:
- Julien’s money journey
- Frugality as part of his everyday life
- On feeling he needed different ways to earn income
- On his job right after college
- How Julien and Kiersten met
- Kiersten’s money journey
- On her sales and retail experience
- How Kiersten had a problem with spending
- Julien’s hack to pay $25 per semester in college
- Reason Kiersten got into debt
- Talking about their relationship journey and how they fixed their money problems
- Went on a saving spree after paying off all his debts
- Didn’t get into investing together until after marriage
- Their philosophies on buying properties
- On their investment properties
- How their careers have progressed since marriage
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Getting Financially “Naked” with Your Significant Other — With Erin Lowry
- Financial 180
Books Mentioned in this Show
- “If we have to do it, we can do it.” (Tweet This!)
- “You can be a fan of something or someone and be comfortable sort of sitting on the sideline and just watching it like a TV show.” (Tweet This!)