How to get out of debt after every money mistake? This is the question Melissa Yi was asking herself when she found the BiggerPockets Money Show. She had taken out student loans and car loans, she had credit card debt, and she couldn’t even afford the security deposit on the new home she was moving into. Something had to change.

She started budgeting and tracked EVERY DOLLAR that came out of her pocket. She sold what she could, started bringing in side income streams, and stopped eating out. These small changes allowed her to slowly pay off her debt and get to a positive net worth. Now, she’s at the $100k+ point and slowly coasting her way to financial independence!

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Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
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Melissa’s Facebook Post 👇
https://www.facebook.com/groups/BPMoney/posts/5549026371837922
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Your Money or Your Life:
https://www.amazon.com/dp/B0052MD8VO/
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Cutting Your Grocery Bill in Half with Erin Chase from $5 Dinners:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-03-cutting-your-grocery-bill-in-half-erin-chase
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Follow Scott and Mindy on Instagram:
@scott_trench or https://www.instagram.com/scott_trench/
@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 211

Show notes at: https://www.biggerpockets.com/moneyshow211

00:00 Intro
03:14 Welcome Melissa
13:22 College
17:17 Student Loans and Credit Cards
25:00 Creating Side Income Streams
33:21 Finding the BiggerPockets Money Show
39:11 Wealth or Convenience
44:59 Buying Her Live in Flip
51:44 Net Worth Updates
1:03:25 Famous 4
1:10:54 Melissa’s Big Money Story