Imagine being able to retire in just ten years by cutting down your costs a little bit today. Scott Trench, Vice President of Operations at Bigger Pockets and author of "Set for Life," joins Your Cheddar to discuss setting up what he calls your "financial runway."
The concept is different from a nest egg, because you create the runway with the intent to use your savings to exploit opportunities or make significant investments, and so can reap the rewards -- your savings gather momentum in anticipation of a takeoff.
On the other hand, if you just save up for a rainy day (which you should!), you may never put that money to use to start a business or pursue an opportunity.
Plus, Trench talks about how to "house-hack" in order to pull in some extra revenue. He bought a duplex and rents out half of it in order to cover his mortgage. He encourages people to find little hacks like this to cut costs and save money to quit a 9-5 job you may hate!
Holiday shopping heats up as big-box earnings reveal how Walmart, Target & Home Depot are navigating consumer pressure, strategy shifts and trends shaping 2025.
The Campbell’s Co. said Tuesday it has placed one of its executives on leave while it investigates claims that he made racist comments and mocked the company’s products and customers in an audio recording.
Elon Musk’s X unveiled a feature that lets users see where an account is based. Online sleuths and experts quickly found that many popular accounts, often posting in support of the U.S. MAGA movement with thousands or hundreds of thousands of followers, are based outside the U.S. This raises concerns about foreign influence in U.S. politics.
The Enhanced Games is going public in two ways — with a new listing on the Nadsaq stock exchange and also by offering a direct-to-consumer business focused on performance products.
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice.
