Kelly was a guest speaker on the Money DAD podcast.  They discussed responsible money habits and strategies that Kelly learned from her parents.  They dive into their plan of how her family was able to live off Kelly’s income while using strategies to divert her husband’s income to savings and investing.  They talk about how Kelly decided that investing in real estate, especially through multi-family rentals, was the path to accelerating their passive income and goal toward financial independence.

They also talk about how Kelly exposes her two young kids to real estate and teaches them money concepts using real estate as a tool.  The various money lessons she teaches her kids about saving, investing, and spending.  And how it is so important to be open and intentional about money with our kids.

Key Highlights

• The key lesson for credit card management
• What sparked Kelly’s interest in pursuing financial independence and why it was important
• How the journey to financial independence results in a change in mindset as well as curbing lifestyle inflation
• The difference between coast FI and regular FI
• How they decided that investing in multi-family real estate was the way to go after trying different strategies, including investing in single-family homes, investing passively in RV parks, and flipping homes
• Why they decided to create a syndication that invests in multi-family and become the active general partners in that syndication