Stephanie is asking “Should I quit my teaching job to pursue a higher paying career?”

Many teachers have been thinking about a career change, especially during the past year (for obvious reasons). Teaching requires a lot of work and is often rewarded with low pay, but is there a better option out there? For someone like Stephanie, there just might be.

Mindy and Scott walk through the options Stephanie has, like moving to another part of the United States, house hacking to live for free, or doing a live in flip to make some side money. She has a lot of choices, all of which will help get her on the path to financial independence and allow her to reach early retirement!

~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
~~~~
Our Interview with the Millionaire Educator 👇
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-124-millionaire-educator
~~~~
A Personal Finance Masterclass with Kyle Mast:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-kyle-mast
~~~~
The House Hacking Strategy:
https://store.biggerpockets.com/products/the-house-hacking-strategy
~~~~
Follow Scott and Mindy on Instagram:
@scott_trench or https://www.instagram.com/scott_trench/
@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 210

Show notes at: https://www.biggerpockets.com/moneyshow210


00:00 Intro
02:30 Welcome Stephanie!
03:44 Profit/Loss Statement
13:36 House Hacking Dreams
21:06 Potential Career Changes
30:29 Should She Buy in New Jersey?
36:48 What About the Car?
42:00 401(k)s & Retirement Accounts
47:40 House Hacking vs. Live in Flips
59:00 Reviewing Stephanie’s Story