Episode Transcription:

Hey hey what's going on guys Mike foster in the house. Welcome to the active duty passive income podcast. If this is your first time you are in the right spot. Welcome to our show. If this is your second time, third time however many times awesome really glad to have you here. Please make sure you go ahead and subscribe. This is going to be a great episode on insurance and this is one you definitely don't want to miss.

Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by. 

Hey hey what's going on guys Mike foster here. Thanks so much for listening again and this episode is on insurance. I'm telling you guys this is...

Episode Transcription:

Hey what's going on team how you doing out there, Mike foster here? Welcome to the active duty passive income podcast. Today we're going to talk about property management, why it's important and how you can find a great property manager to make your passive investment truly passive alright. But first.

Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step up to the firing line and make me ready for today's lesson. Shooter stand by.

What's going on guys? Hope you're having a great great weekend or I hope you know if your Friday right is off to a good start and you're going into a great weekend. I'm actually broadcasting from Annapolis Maryland. I'm here for my alma mater 5 year anniversary and or reunion I'm...

Episode Transcription:

What is a REIA? Have you ever heard of that? And what does it mean when people say I’m going to go to the local REIA and talk about real estate stuff. Okay well sit tight got that for you coming up.

Hey hey freedom fighters. Welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now we'll get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by.

Hey hey what's going on guys Mike foster here and I'm going to talk about a topic that is really really important and something that you definitely want to get into if you're thinking about building wealth through real estate investing. Okay we're going to talk about REIA or otherwise known as a real estate investing Association all right.

Definitely important to have...

Episode Transcription:

Hey guys what's going on welcome to the active duty passive income podcast. We’re really excited to have you guys here, thanks for listening. In this episode we're going to have a little mindset Friday right. We’re going to talk about one of the common misconceptions that I hear all the time when I talk to folks about real estate.

It’s going to be great episode but first, Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits.

Now get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by. What’s going on team, how you doing out there Mike foster here. Really really grateful to have you guys here listening and thanks again for taking your time. This is going to be a little...

Episode Transcription:

Hey what's going on team how you doing out there. Mike foster here. We’re going to talk about building a real estate team. we're going to talk about certain members do you want to have when you are investing and these are members are going to be critical to backing you up and making sure that you are getting the most that you can out of your investing experience. All right sit tight.

Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step up to the firing line and make ready for today's lesson. Shooter stand by. Hey hey what's going on guys Mike foster here. Welcome to the active duty passive income podcast.

This is the place where you will hear all about how to real estate invest if you are in the...

Episode Transcription:

Hey hey what's going on guys Mike foster here welcome to the active duty passive income podcast. Tonight’s going to be an evening special. Sorry it took me a little bit to get this episode out to you guys. I have been traveling all day. But I'm going to be up in Boston this weekend for a wedding and I'm really excited to catch up with some family all right. I just got back from deployment and I'll be able to talk to them and you know see how people are doing. But today's podcast is going to be about a conversation I had this week with an uber driver.

He was interested in you know me telling him about some real estate that I've been doing and he had some questions and he was interested in investing in a condo and I know that condos can be a very appealing thing for military to buy. You know especially if you get a nicer area and I've got some opinions on it maybe you know it's worth sharing. But there are definitely some things that you want to take...

Episode Transcription:

Hey hey what's going on guys welcome to the active duty passive income podcast? Mike foster your host here and it is great to be back in the States. Man let me tell you it just came back from deployment a couple days ago and I'm excited, you know its fun being back here. It’s been interesting. Let me tell you I've been trying to adjust to the weather here .just came from seven months of sand and today was just a torrential downpour. So that was interesting. But hey really excited to be back. I'm glad to come here and talk to folks and be able to meet folks face to face for the first time, which is exciting and this episode is going to be fun I'm going to teach you guys a little bit about my favorite way to house hack especially while you're on deployment and it's great because I have a little personal story. But first.

 Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans...

THE WHY. Financial Freedom

Save More, Spend Less? Nope! 

Before we talk about residual income, I would like to start by telling you a quick little story...

Years ago, I remember deciding, that I did not want my wife to feel like she "had to" go to work if she didn’t want to.

Then, thinking it was my only option, I tried to figure out how I would cut down our family expenses if we had a baby. After all, I wanted to start saving for his or her college.

This meant living more frugally.  

It meant cutting down our expenses and saving more.

I quickly realized that my future day-to-day lifestyle would most likely struggle.

Wait!

Don't forget saving for retirement! My wife and I wanted to make sure we could tell all the other military families that we had a solid TSP and Roth IRA for our future old-selves. We didn't want to seem financially uneducated.

But something did not feel right. My thought process seemed counterintuitive and it was forcing some difficult...

Episode Transcription:

Hey hey what's going on guys? How are you guys doing out there? Mike foster in the house again and this episode is going to be something a little special. I am actually on my way back from deployment in the Middle East. Right now we have a brief stop in Germany and we are heading home. I'm super excited and I really want to kind of touch on some lessons learned from this deployment with investing, in real estate and just you know stuff that I've learned, stuff that I wish I could have done better, stuff that worked well and just kind of impart a little bit of advice and some wisdom for those of you who may be trying to do the whole balancing military and an investing lifestyle. Either while on deployment or back at home and some of these things hopefully will be able to resonate with you. So yeah I hope you guys enjoy this and let me know what you think.

Hey freedom fighters welcome to the active duty passive income podcast. The only place where...

Episode Transcription:

Alright alright what's going on guys Mike foster here and I am excited to bring you an episode. Here actually a little something special and different. I did a Facebook video on my video log. I post videos every single Wednesday and this is an old one, but it's a good one and I really think it's an important message. Especially as we start to think about long-term wealth and passive income. Right we have to have vessels to put it in and it's smart and a strategic of us to build with the end in mind. Right build with the long term goal of generational wealth and this episode is going to explain to you a little bit about what I'm talking about. So enjoy.

Hey freedom fighters welcome to the active duty passive income podcast. The only place where military members, veterans and their families learn how to build wealth through real estate investing. I'm your host Mike Foster and I'm here to show you how to stop wasting your benefits. Now get off your ass, step...