If you want to retire early, you’ll need a rocksolid financial position. Luckily, this is exactly the position Lynsey (mother to Mindy’s pool boy) is in.

Lynsey and her husband bring in a moderate salary from his job and her businesses of jewelry making, relationship counseling, and their garage and basement house hack. For a long time, Lynsey assumed she would never be able to retire, but as her income has grown she’s realized that she not only can retire but retire early.

Lynsey has a few key ways she could increase her business revenue: outsourcing, marketing, and scaling. Her husband also has a strong suspicion he’s underpaid, meaning a boost in income could be one ask away for him. The couple also wants to invest in more shortterm rentals or buy another house hack property. But, of all the options they’re presented with, which one will push the needle?

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Past Episodes Mentioned in Today’s Show:
Money Conversations: https://www.biggerpockets.com/blog/bi...
Cutting Your Grocery Bill in Half: https://www.biggerpockets.com/blog/bi...
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HMBradley HighYield Savings Accounts:
https://www.hmbradley.com/product/sav...
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Sounds of Silver Jewelry:
https://soundsofsilverjewelry.com/
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“The Lean Startup”:
https://www.amazon.com/LeanStartupE...
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Episode @235

Show notes at: https://www.biggerpockets.com/moneysh...

0:00 Intro
2:59 Income and Expenses
10:09 Financial Goals
11:58 Assets and Liabilities
15:22 Upgrading and Outsourcing Their Income
29:04 House Hacking the Basement
33:43 Enough Income for Another Airbnb?
50:46 Funding SelfEmployed Retirement
54:01 What to Do With an Extra $80k?
57:24 A New House Hack?
1:08:40 Grocery Budgeting Tips