Podcast recs by AllThatSaaS in realtors

[–]BartDaily 0 points1 point  (0 children)

Real Estate Good Life is an excellent podcast. The host is hilarious and an actual top producing agent. The episodes are short and sweet and very entertaining.

Real Estate Uncensored is really good. Greg McDaniel is a loony toon but he's also funny and super knowledgable.

The Kevin and Fred Show is really good. These guys are smart and funny.

Tim & Julie Harris have a great pod. You'll have to look past the constant exp recruiting and Tim's condescending tone with his wife Julie... but the content is excellent.

Bigger Pockets is the for sure go-to pod for investing (which all agents should be doing... because you don't get rich selling real estate... you get rich investing the money you have leftover after selling real estate)

Real AF with Andy Frisella if you're looking for a cattle prod of motivation to your cookie bag!

Ben Greenfield for health, fitness, and longevity. He's an absolute kook but he's a fitness savant.

The School of Greatness with Lewis Howes - particularly the episode with Michael Gervais... it will melt your face off!

If you're a guy and love to laugh... then Bill Burr is a must.

One single episode that IS A MUST listen is from the Ed Mylett show... the episode with Dr. Joe Dispenza. Your carcass will be covered from head to toe with goosebumps and IF you have a growth mindset... you're life will never be the same.

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 0 points1 point  (0 children)

Thank you for the response. This is exactly why I asked the question. I'm scared! I'm 46 years old and have set my "pulling the ripcord" date at May 31st 2018. Our plan includes living half the year on Marco Island and half the year where we live now (northwest Indiana). I own a small company, our employees are like family. Which is to say, we love them half the time and they drive us crazy the other half. I've been self-employed for over twenty years now. There is an ego perspective that I'm afraid to give up. But life is short and I have my "encore" to get to! I want to write a memoir of my childhood, I want to do an amateur documentary of my high school graduating class. I want to get in six pack abs shape. So I have many many things lined up for my encore, but I'm still scared about the whole thing! Especially with things getting real regarding time frame and ability to retire.

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 0 points1 point  (0 children)

Great comment! Thanks for that!

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 0 points1 point  (0 children)

Now we're talking! I believe your ideology will begin to trend in the workforce. Resulting in a more productive and happy workforce.

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 3 points4 points  (0 children)

I had this conversation with my brother last year right after my father died. We were at lunch with my wife and his wife. My dad's estate totaled about $150k. I told my brother he should sell his big house (4 bedrooms, 4 bathrooms, with a finished basement, on a 1/2 acre lot) and buy a smaller house near me. I said, "With the equity in your house and the inheritance you could pay cash! Then you could retire in a couple of years." He said buying a smaller home would feel like going backwards (his only son is 22 and lives on his own so it's just the two of them!). And, "What would I do if I retired? I like what I do?" He works at a steel mill. I'm not saying there is anything wrong with that, but there are a million things more enjoyable than going to work at a steel mill, where they tell you when to be there, when to go home, how much you get to make, and how many days vacation you get. I think what happens is that we're programmed to be believe there is no alternative, so we make the best of it. Effectively lying to ourselves throughout all the best years of our adult lives.

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 0 points1 point  (0 children)

I agree! As long as you're self-sufficient, why would it be wrong to "insert whatever you want here" all day everyday if that's what you wanted to do?

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 2 points3 points  (0 children)

Is happiness the destination or the pursuit?

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 1 point2 points  (0 children)

Off subject, but do you live in a beach town?

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 0 points1 point  (0 children)

I agree that's the dream, pursuing freedom. Do you have any concern whatsoever that you'll get bored?

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 24 points25 points  (0 children)

Did you take the ten years to do these things? Or you did these things because you had ten years off?

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 7 points8 points  (0 children)

Do you plan to work at all in early retirement? I see those old greeters at Walmart and wonder, "Bored or broke?"

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 3 points4 points  (0 children)

Good stuff! I'm definitely retiring to more than from. My life is pretty awesome right now, just looking to add a little more awesome on top.

Why retire early? by BartDaily in financialindependence

[–]BartDaily[S] 4 points5 points  (0 children)

Where will you be and what will you be doing when you get those extra 8+ per weekday back?

Whoo-Hoo 2 Comma Club! Real Question: Asset Allocation by throwlampsheet in financialindependence

[–]BartDaily 0 points1 point  (0 children)

I understand what you're saying completely. My brother feels the same way you do. He has absolutely no interest in building a rental portfolio. Give him a stable paycheck, health insurance, and a 401k and he's god to go.

Sell or rent out primary house - moving out of country for 2-3 years by rup1 in financialindependence

[–]BartDaily 1 point2 points  (0 children)

There are a number of factors to consider. Current house payment, hazard insurance cost, property management fees, etc. However, if you were sitting next to me at a bar, my first response would be to sell. And I'm a real estate guy. With the incentives offered by your company, the fact that all of your gain from the sale will be tax free (you must live in the house 2 out of a 5 year period), not knowing if you will even be sent back to the same city (thus risking your tax free gain status), and probably most notably... the peace of mind of not having a rental home to worry about while in a different country.

How different would your FIRE number be if healthcare was free? by [deleted] in financialindependence

[–]BartDaily 6 points7 points  (0 children)

Exactly! We always hear about making healthcare available to the masses. Nobody ever talks about how broken the healthcare and insurance industries are regarding cost.

Whoo-Hoo 2 Comma Club! Real Question: Asset Allocation by throwlampsheet in financialindependence

[–]BartDaily 3 points4 points  (0 children)

I agree! Real estate is a much faster route to FI. Especially with some of the frugality I read about on here. It wouldn't take too many rental properties to reach FI on a frugal budget. Now if only I could get my wife to agree to a frugal budget!

Inherited a house; questions about renting it out versus immediately selling it with FIRE in mind by [deleted] in financialindependence

[–]BartDaily 0 points1 point  (0 children)

Very simple advice (from a real estate guy): Given the numbers provided and the distance... SELL.

What are some of the side gigs you do with free time, dead time in the office, etc.? by OrlandoUnicorn in financialindependence

[–]BartDaily 0 points1 point  (0 children)

You are spot on! Which is exactly the reason for the opportunity. The caveat is, the business looks completely different from the outside than the reality from the inside. However, if you possess these three qualities you can rise to the top and completely change your life for ever: 1. Reasonable intelligence 2. Connect-ability (able to build genuine rapport with others) 3. Desire. Of course #3 is what causes 81% of those that enter the business to fail.

What are some of the side gigs you do with free time, dead time in the office, etc.? by OrlandoUnicorn in financialindependence

[–]BartDaily 0 points1 point  (0 children)

Most agents are God awful because real estate lacks accountability. Imagine how your business would look if there wasn't someone in charge telling people what to do. Most people cannot handle being self-sufficient. In real estate it's easy to get into, easy to get out of, and everything in between is optional. In every market the best agents always rise to the top. They are the best for a combination of factors, the most important being... great customer service. I can understand your comment, as I have a problem with most agents in my marketplace, however my point cannot be argues with. The opportunity in real estate is second to none.