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Updated over 6 years ago on . Most recent reply

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,046
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7,341
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Ep 43. Using Goal Setting to Alter Your Financial Path w J Scott

Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

You’ve probably heard J Scott’s real estate story (spoiler alert—he’s killing it!). But he’s never really told his money story that led up to this massive real estate success.

Today, we talk to J and discover that in his 20s, he knew nothing about money, investing, or real estate. He started off $35,000 in debt, with no plan and no goals. An investing discussion with friends led to the creation of a spreadsheet to display his financial position in terms he could not ignore.

The spreadsheet spawned a goal of $0 debt, a second job as a bartender, and J paying off all his debt in two years. He discovered he liked owning assets. At the suggestion of his wife, they bought a house to flip and promptly made every single flipping mistake you can make.

Hear how J turned mistakes into successes many times over—and how having a goal to work towards keeps him focused on moving forward.

Listen here or on your favorite podcast app.

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