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Fire Drill

A Business, Investing and Careers podcast
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Personal Finance Podcast of the Year Finalist. Join hosts Gwen & J on FIRE Drill podcast where they interview guests with epic side hustles, real estate investors, early retirees, online business owners, and other inspiring people rocking financial independence. Saving on travel, Mr. Money Mustache, Tim Ferriss and all things Early Retirement are broken down into simple, actionable steps for the average person. Step up your money game and renew your money philosophy with firedrill podcast.

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Entrepreneurship and Motherhood | Smart Money Mamas
What are 10 things you would want your child to know about money? Chelsea quit her job as a hedge fund manager 2 years ago and decided to pursue entrepreneurship to stay at home with the kids and take care of herself. She's working on building a blogging income and is the organizer behind the Mama Talk Money Summit next week. You'll love that story. We also chat about... Entrepreneurship and work life balance How she's adjusted her spending habits Managing maternity leave The Mama Talk Money Summit Enjoy this chat with Chelsea, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Chelsea's blog: Smart Money Mamas Mama Talk Money Summit Pass Mama Talk Money Summit Schedule Mama Talk Money Summit Quiz Montana Money Adventures Rich and Regular Chelsea on Instagram Key takeaways from our chat with Chelsea 1 - Managing entrepreneurship after corporate America Chelsea left her job 2 weeks before having her second child, so she could stay at home with her family and not feel stressed from work. She started working on her blogging income and other projects, building a financial independence lifestyle that would be sustainable for her and her family. Since then she's realised the importance of finding a balance between mental health and happiness, and that ideally you want to be pursuing FI as well as finding a career you love. 2 - The importance of self-care during maternity leave After having her second baby, Chelsea was not able to completely shut off, since she was just getting started with entrepreneurship. She believes it's important for new mothers to be able to completely turn off and focus on their babies. Self-care is important also because there is a lot of stigma around giving birth, and friends and family can be quick to offer their own opinions on how to raise a kid. For mothers, it's easy to feel that they're doing something wrong, so it's important to find time for themselves. 3 - The Mama Talk Money Summit This online summit will be taking place next week from the 21st to the 24th of October. 40 female speakers will be conducting sessions about all topics on motherhood and money. There will also be big giveaways, coaching, courses and a pajama party on the last day. The summit is free to attend, with an add on of notes, q&a sessions and transcripts when buying the All Access pass. A ton of free financial information on many different topics  - a must attend event! Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.
A Real Estate Strategy that Helped Me Build a Six Figure Passive Income Stream
Everyone's dream is to earn a healthy passive income every month. Jennifer and her husband earn 6 figures every year in passive income from their real estate business. The interesting part? They follow a slightly different business model and strategy. They also spend most of their time travelling around the world with their 4 year old child. You'll love that story. We also chat about... How Jennifer got started with real estate Her property criteria How to travel with a 4 year old The pros and cons of renting out to disabled tenants Her business helping out other investors Enjoy this chat with Jennifer, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Jennifer's websites: Addicted to ROI and Agents Invest Jennifer on Instagram DHCS  Key takeaways from our chat with Jennifer 1 - Getting started with real estate Jennifer bought her first house at the age of 21 - she dropped out of college to work for a real estate company and immediately fell in love with the real estate world. Her husband worked in construction, and together they started buying houses, bit by bit. They would buy one house, live there for a year and then buy a second house. They kept switching and used the BRRR strategy (Buy, Rehab, Rent, Refinance) to get the majority of their investment back. They've bought properties mostly in Seattle, but in other states as well. 2 - Renting out to disabled tenants What makes Jennifer's real estate strategy different is that she and her husband rent out to disabled tenants. They interact solely with a healthcare provider that helps disabled people find homes and provides them with healthcare assistants. The pros? Jennifer and her husband enjoy 35% more cashflow, no turnover and 100% occupancy at all times. The only cons are that they need to keep re educating new staff and there is usually more wear and tear on the houses. But overall, a creative and sound real estate investing strategy! 3 - How she created her ideal lifestyle Since building a 6 figure passive income stream, Jennifer has found a new passion: helping other people build passive income streams. The real estate investing world can get lonely, and by helping others she's able to make friends, help others and build a network as well. Nowadays, she works purely on her real estate network and organises meetups - the rest of the time she and her family and travelling the world and enjoying their passive income. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.
Travelling the World for Free as a Travel Blogger | MVMT Blog
Imagine travelling the world and only paying for the flights. Diana Chen is a full time travel blogger. Thanks to her blog she gets to try out hotels, resorts and adventure packages for free in exchange for a review or social media posts. She also makes money blogging and recently released a course to learn how to pitch to companies. You'll love that story. We also chat about... Diana's journey as a travel blogger Her different travel adventures How she makes money online How to get started as a travel blogger Her future travel plans Enjoy this chat with Diana, and please subscribe to us in iTunes if you enjoyed it! Show notes and links from today's episode Blog: MVMT Blog Episode Travel On a Budget and Entrepreneurship with MVMT Blog Article: Hacking My Engagement Ring with Moissanite Course: Travel Pitch Masters (50% off using code 'firedrill') MVMT Blog on Facebook and Twitter MVMT Blog Facebook Group Gold City Ventures Blogging for Profit course Key takeaways from our chat with Diana Chen 1 - How Diana makes money with her travel blog Diana makes money in a variety of different ways. With certain companies, she gets offered free trips in exchange for reviews or a feature. With others, she has her own rates and packages she offers in exchange for payment compensation. She also hosts ads on her blog and does affiliate marketing. Usually she pays for her own flights, and then reaches out to hotels that fit her blog and readers interest. From there she finds hotels to host her and enjoys gets free accommodation! 2 - How to make money when starting out Diana got her first free hotel comp 3 months into blogging. She believes that you can make money as a beginning blogger, even when you don't have much of a portfolio. Diana explains that it's more about how you tell your story and how you paint your brand, rather than the numbers. Tell brands your plan for the future and how you plan to be the go-to source for your city or country. Start with writing reviews for hotels and use this as a starting story/portfolio. 3 - The value of blogging courses Both Diana and Julie agree that blogging courses help kickstart blogging growth because of all the new information you learn. Although blogging courses get a bad rep, if you pay for a course, you get results much faster. A blogging course is similar to a course at university - Diana's job is blogging, and she took courses to understand more about affiliate marketing and other money making skills. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.
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Podcast Details
Started
Aug 30th, 2017
Latest Episode
Oct 16th, 2019
Release Period
Daily
No. of Episodes
203
Avg. Episode Length
40 minutes
Explicit
No

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