{"id":111511,"date":"2019-06-03T00:02:35","date_gmt":"2019-06-03T06:02:35","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=111511"},"modified":"2023-04-26T23:09:50","modified_gmt":"2023-04-27T05:09:50","slug":"biggerpockets-money-podcast-75-efficient-path-financial-freedom","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-money-podcast-75-efficient-path-financial-freedom","title":{"rendered":"The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><strong>Justin<\/strong> grew up without a lot of money in a small town. His parents divorced when he was eight, and his mother eventually quit her job to attend school. Necessity is the mother of invention, and a year of no income led to some very creative ways to squeeze more value out of every dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This &#8220;invention&#8221; stayed with Justin for his entire life, and he applies it to every facet of his finances. From his very low rent (in a high rent area) to his ridiculously low grocery bills to collecting travel rewards points, Justin gamifies every cent he spends.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today we hear how Justin actually\u00a0<em>made<\/em> money from his college scholarships and military stipends, how he negotiated a smoking deal on his rent, and how his five tenets of grocery shopping pay off.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Justin calls this &#8220;the lazy path to financial independence,&#8221; but really he\u2019s just being incredibly efficient with his resources. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re looking to cut expenses, listen to this show with a notepad handy.<\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-money-podcast\/id1330225136\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC2689449789&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"The Most Efficient Path to Financial Freedom | BP Money Podcast 75\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/sDqT0MB6vwk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on\u00a0<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-money-podcast\/id1330225136\" target=\"_blank\" rel=\"noopener\">iTunes<\/a>\u00a0by leaving us a rating and review! It takes just 30 seconds.\u00a0Thanks! We really appreciate it!<\/p>\n<h2>Podcast Sponsors<\/h2>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-95450 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/fundrise-review-300x66.png\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/fundrise-review-300x66.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/fundrise-review-768x168.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/fundrise-review.png 775w\" alt=\"Fundrise\" width=\"300\" height=\"66\" title=\"\">Fundrise<\/strong>\u00a0enables you to invest in high-quality, high-potential private market real estate projects. I\u2019m talking anything from high rises in D.C. to multi-families in L.A. \u2014 institutional-quality stuff. And each project is carefully vetted and actively managed by Fundrise\u2019s team of real estate pros.<\/p>\n<p>Their\u00a0 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\u2019t have to be accredited.<\/p>\n<p>Visit\u00a0<a href=\"http:\/\/fundrise.com\/bpmoney\" target=\"_blank\" rel=\"noopener noreferrer\">Fundrise.com\/bpmoney<\/a>\u00a0to have your first 3 months of fees waived.<\/p>\n<h2>Second Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-74647 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-300x225.png\" alt=\"\" width=\"300\" height=\"225\" title=\"\">The all-new\u00a0<strong>FreshBooks<\/strong>\u00a0is accounting software that makes running your small business easy, fast and secure. Spend less time on accounting and more time doing the work you love. For a 30-day unrestricted trial, go to\u00a0<a href=\"http:\/\/freshbooks.com\/bpmoney\" target=\"_blank\" rel=\"noopener\">FreshBooks.com\/bpmoney<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>Justin&#8217;s <strong>journey<\/strong> with money<\/li>\n<li>The idea of squeezing the amount of <strong>a dollar<\/strong> and cutting something out of your life<\/li>\n<li>Joining the <strong>military<\/strong> through the ROTC program and getting <strong>free tuition<\/strong> from the government<\/li>\n<li>What a career <strong>starter loan<\/strong> is and what his decision-making process was<\/li>\n<li>What his position looks like after going to <strong>college<\/strong><\/li>\n<li>The moment he <strong>got serious<\/strong> about creating wealth<\/li>\n<li>The reason he is still very <strong>unhappy<\/strong> after achieving his goals<\/li>\n<li>The first <strong>investment<\/strong> he made<\/li>\n<li>His <strong>expenses<\/strong><\/li>\n<li>How he lived on $24,000 a year in <strong>Boston<\/strong><\/li>\n<li>What&#8217;s inside his <strong>sacred freezer<\/strong><\/li>\n<li>The importance of getting to know your specific<strong> local grocery<\/strong> store<\/li>\n<li>His <strong>commandments<\/strong> on groceries<\/li>\n<li>On <strong>saving<\/strong> $69,000 a year<\/li>\n<li><strong>Investing<\/strong> in real estate<\/li>\n<li>On <strong>retirement<\/strong><\/li>\n<li>How he found his <strong>apartment<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/thefishow.com\" target=\"_blank\" rel=\"noopener noreferrer\">The FI Show<\/a><\/li>\n<li><a href=\"https:\/\/flytofi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">FlyToFi Show<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-money-podcast-26-graduating-college-on-track-for-financial-independence-cody-berman\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Money Podcast 26: Graduating College on Track for Financial Independence with Cody Berman<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-money-podcast-71-years-financial-freedom-real-estate-investing-sarah-p\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Money Podcast 71: 5 Years to Financial Freedom Through Real Estate Investing With Sarah P.<\/a><\/li>\n<li><a href=\"https:\/\/www.mrmoneymustache.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mr. Money Mustache<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-money-podcast-03-cutting-your-grocery-bill-in-half-erin-chase\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Money Podcast 03: Cutting Your Grocery Bill in Half with Erin Chase from $5 Dinners<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-money-57-financial-freedom-housesitting-travel-hacking-gowithless\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Money Podcast 57: Financial Freedom, House Sitting &amp; Travel Hacking With GoWithLess<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/amzn.to\/2EPUM5d\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Broke Millennial: Stop Scraping by and Get Your Financial Life Together<\/em><\/a> by Erin Lowry<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Wasteful wasn&#8217;t just inconvenient, wasteful is dangerous.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Wasteful%20wasn&#039;t%20just%20inconvenient,%20wasteful%20is%20dangerous.%22%20BP%20Money%20Podcast%2075%20biggerpockets.com\/moneyshow75%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;There was never a good debt story.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22There%20was%20never%20a%20good%20debt%20story.%22%20BP%20Money%20Podcast%2075%20biggerpockets.com\/moneyshow75%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Loans that you don&#8217;t take out aren&#8217;t necessarily a bad thing.\u201d (<a href=\"https:\/\/twitter.com\/home?status=%22Loans%20that%20you%20don&#039;t%20take%20out%20aren&#039;t%20necessarily%20a%20bad%20thing.%E2%80%9D%20BP%20Money%20Podcast%2075%20biggerpockets.com\/moneyshow75%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with Justin<\/h2>\n<ul>\n<li><a href=\"https:\/\/saving-sherpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Justin&#8217;s Blog Website<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Justin grew up without a lot of money. His parents divorced, and his mother quit her job to attend school. A year of no income led to some very creative ways to squeeze more value out of every dollar. From very low rent to low grocery bills to collecting travel rewards points, Justin gamifies every cent he spends.<\/p>\n","protected":false},"author":353007,"featured_media":111643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6473],"tags":[],"class_list":["post-111511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpocketsmoney"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/111511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/353007"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=111511"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/111511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/111643"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=111511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=111511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=111511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}