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Updated over 6 years ago on . Most recent reply

User Stats

17
Posts
3
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Martin Mondejar
  • Rental Property Investor
  • Phoenix, AZ
3
Votes |
17
Posts

How to convince a spouse that REI is a worthwhile pursuit

Martin Mondejar
  • Rental Property Investor
  • Phoenix, AZ
Posted

Hi! I'm new BiggerPockets and REI in general. I mentioned in my New Member Introduction that I'm currently researching strategies to enter the local Phoenix are market. 

Has anyone had trouble convincing their spouse that REI is a worthwhile/legitimate pursuit toward financial independence? My wife and I have always been fairly financially conservative. I've only just recently convinced her to start putting money into her 401k and an IRA. Based on the conversations that I've had with her over the years, she definitely adheres to a "play-it-safe" model. To top it off, she works in the marketing department of a large real estate company and she has often expressed to me the opinion that "people become real estate agents when they don't know what else to do". We also have a mutual friend that always seems to be into a new get-rich-quick scheme every week, so I have a good feeling that she may view REI in the same vein.

Though I've been recently converted, I'm challenged on how to approach her on this delicate topic. I want to emphasize to her that my interest in REI is not to get rich quick, but to gain financial independence so that we both can spend as much time with our new daughter as she grows up. I really want to shake off this feeling of "I can't convince her" and turn it into "HOW CAN I convince her?" Any advice is greatly appreciated!

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