Adulting Is Easy: Making Personal Finance & Real Estate Easy

This week, Stephen Wealthy, Clint Murphy, Tom the Frugal Gay, and Lauren (Adulting Is Easy) talked NEGOTIATING on their #WealthWednesday Twitter Space. The group talked about negotiating in salary conversations, sales situations, and real estate deals. We discussed how the prep for these conversations, tactics to employ in the moment, negotiating with a group, and - potentially most importantly - when to negotiate effectively.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

This week, Stephen Wealthy, Tom the Frugal Gay, and Lauren (Adulting Is Easy) kept it loosey goosey on their #WealthWednesday Twitter Space. We talked about house hacking, the ethics of being a landlord, how to access equity in a property, short-term rental pitfalls and lessons learned, inflation and more.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

Short-term rental resources (mentioned by Tom): https://adultingiseasy.gumroad.com/

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

This week, Lauren interviews a couple who "cashed out" of their corporate careers and wrote a book about how you can, too! Julien and Kiersten tell Lauren about their book, with a focus on the 15-year career. Their framework lays out how you can cash out 15 years from wherever you're sitting, even if you have debt, a LOT of debt. If you're looking for a nuanced take on personal finance, this conversation - and their book, which is available June 14th - is for you.

Julien and Kiersten, authors of Cashing Out: Win the Wealth Game By Walking Away. They are also the creative voices behind the blog richandregular.com, producers of the award-winning video series, Money on the Table, and hosts of the rich & REGULAR podcast. Based in Atlanta, Georgia, their mission is to inspire better conversations about money. The couple has used frugal living, real estate, stock market investing and their online business to build wealth and ultimately achieve financial independence. They paid off $200,000 in five years and their story has been featured in The NY Times, Forbes, CBS This Morning, Marketwatch, the Oprah Winfrey Network and more. When they're not sharing stories about their experiences with money, they are parents to their son Beau, traveling the world or searching for their next great meal.

Connect with Julien and Kiersten:

https://richandregular.com/

https://twitter.com/richandregular

https://www.instagram.com/richandregular/

Buy the book:

https://richandregular.com/cashingout/

Sponsored by:

Jasmine Mortgage Team

https://www.jasminemortgageteam.com/

This week, Business Famous, Hipster Finance, Mary, and Capturando Dividendos joined Stephen Wealthy, Tom the Frugal Gay, and Lauren (Adulting Is Easy) on their #WealthWednesday Twitter Space. We talked about individual stocks vs. ETFs. We discussed options in depth. We broke down what dividend growth investing is, and avoiding yield traps. Johnny Depp and Amber Heard came up as well, so therefore, did Disney. This is truly one of the more fun Spaces we've done.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/BusinessFamous

https://twitter.com/finance_hipster

https://twitter.com/GetMoneySmarter

https://twitter.com/CDividendos

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

This week, Hipster Finance, Mary, and Alan Corey joined  Stephen Wealthy, Clint Murphy, Tom the Frugal Gay, and Lauren (Adulting Is Easy) on their #WealthWednesday Twitter Space. The speakers were broken into two camps, with one side being very pro debt and the other being more risk averse. A couple of us were more in the middle. We talked margin, portfolio loans, net worth borrowing, paying off your primary, and more. If you want to understand the nuances behind debt, this is a great one for you to listen to.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/thehouseofAC

https://twitter.com/finance_hipster

https://twitter.com/GetMoneySmarter

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

This week, Lauren interviews Les about syndicating deals and Short-Term Rentals. Les and his wife, Julie, have done multiple syndications across the country in the last 2.5 years and they're not stopping any time soon. Did they get everything right the first time? No! And that's OK. Tune in to learn what they've learned along the way, especially if you have an interest in partnerships and Airbnbs.

In the first half of his career, Les O'Hara was a serial entrepreneur owning and managing 12 different businesses amassing 100 million in revenue over the last 30 years. Now in the second half of his career he is focused on mentoring his wife and her STR business, his 4 sons who are making moves in sports and business, and other savvy business owners via cash flow management and alternate investing systems.

Connect with Les:

www.lesohara.com <-- cash flow information here

https://twitter.com/lesohara

https://www.linkedin.com/in/lesohara/

FREE STR Resources:

https://adultingiseasy.gumroad.com/

Sponsored by:

Jasmine Mortgage Team

https://www.jasminemortgageteam.com/

This week, Alan Corey joined Stephen Wealthy, Coach Clint, Tom the Frugal Gay, and Lauren (Adulting Is Easy) on their #WealthWednesday Twitter Space. Alan Corey is a real estate investor and agent, author, former comedian, and controls or partially controls over 400 units. We picked his brain for over 90 minutes and just scratched the surface. We talked retiring (too) early, starting out, house hacking, GP/LP structures, short-term rentals, and debt. We will be diving deeper into debt next week, live on Twitter at 9 pm eastern.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/thehouseofAC

https://twitter.com/spokanehouse

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

This week, Chris Perry joined Stephen Wealthy, Coach Clint, Tom the Frugal Gay, and Lauren (Adulting Is Easy) on their #WealthWednesday Twitter Space. And guess what? Mary made an appearance again. Chris was in the top 3% of real estate agents at his brokerage of 95,000 agents in 2021, selling $22 million worth of real estate. He's been at this for 8 years. We talked about mistakes first time home buyers make, questions you should ask a realtor, red flags to look for, negotiating tactics, and more. Highly recommend this one.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/theechrisperry

https://twitter.com/thepennydrop3

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --

If you're looking for a relatable couple who was able to retire VERY early, then this episode is for you. From discovering FIRE until retirement was only 3 years, and they took the expense shaving to the extreme. Along the way, people wondered WTF they were doing. Favorite Quote: "From the outside looking in, we looked poor, even though we had more money than we had ever had in our lives." You will walk away with some actionable ways to get control of your finances and retire early, if that's what you want!

Our guests today are James and Emily from Rethink the Rat Race. James and his wife, Emily, became FI-curious in 2016 and were quickly drawn in by real estate investing. The two of them bought their first rental property in 2017 and within two short years, they had 10 units. These 10 units generated enough cash flow for them to quit their 9-5 jobs and travel perpetually in their late 20s. Since then, James and Emily have focused on transitioning a few of their units into short-term rentals and creating systems that allow them to travel while also managing their portfolio.

Connect with James and Emily:

https://www.instagram.com/rethinktheratrace/

Long-Term Rental to Short-Term Rental Calculator:

https://rethinktheratrace.com/calculator/

This week, James and Emily joined Stephen Wealthy, Coach Clint, Tom the Frugal Gay, and Lauren (Adulting Is Easy) on their #WealthWednesday Twitter Space. And guess what? Mary popped back in again. James and Emily talked about how they achieved FI only 3 years after learning about FIRE. We talked about screening tenants, managing properties remotely, what we would do with $10,000, and even covered some real estate horror stories. This is a fun one.

Connect:

https://twitter.com/StephenCFU_

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/RethinkRatRace

https://twitter.com/thepennydrop3

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --