BiggerPockets Money Episode 354- Let's Discuss

[Alicia Marks]

There are some great nuggets in this episode with @Scott Trench and @Mindy Jensen bringing some harsh truths. I thought it would be useful to discuss. We all know that real estate is always perfect (ha!), so what happens when things go wrong? How did you adjust or do. a full reset?

Who actually has a coconut budget?!?

What amount of your monthly budget is classified as "Miscellaneous"? What typically is thrown in there? It's like the junk drawer component of a budget.

When tackling large amounts of debt, could this be a great opportunity to use velocity banking while attacking the debt?

How much do you feel that someone's emotional attachment to money plays a role in how they use it? Can your attachments change? How?

Do you have a money date with your partner? Does it help you to have shared goals when one is typically more of a spender and the other is a saver?

For those of us that started a business venture of any kind, was your personal financial position solid when you started? How did your financial position good or bad play into the growth of the business.

Have you ever had to do a financial or life reset? What led you to feel that was the best option? How long did it take you to get back to a better spot? What was your biggest lesson learned along the way?

Some of the questions may feel very personal, so please answer or discuss as you feel comfortable with. For those responding, also keep in mind that personal finance, as Mindy says, is personal. Be mindful and compassionate with one another.

Let's get talking!