For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.
https://www.biggerpockets.com/podcasts/money
episode 214: Finance Friday: Fighting Cancer, Starting a Family, & “Planting Seeds”
It’s hard to imagine what someone is going through once they’re given a cancer diagnosis. The last thing many people want to think about during such a troubling time is finances. This was true for Zachary, who’s combined net worth with his partner more than doubled while he was supporting her throughout her chemotherapy and cancer surgeries.
Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly low. This allowed them to set a 50% savings rate and keep enough to pay for treatments, retirement investing, and even save for IVF (in vitro fertilization). Since IVF is such an expensive treatment, Zachary wants to know how he can best position himself to pay for it while his partner reduces her time at work to take care of their future children.
In This Episode We Cover
Becoming cancer free after a stage three diagnosis (wooooo!)
Doubling your income by making intelligent career changes
Short-term rentals vs. long-term rentals and the risks of both
Planning for medical expenses like IVF
Contributing to HSAs, Roth IRAs, and 401(k)s
Managing a 10-bedroom “sorority house”
And So Much More!
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