Chris and Debbie Emick have two daughters—AND are well on their way to financial independence through a combination of local and long distance real estate investing coupled with frugality and conscious spending.
Chris and Debbie are everyday Joes living the dream in small-town Colorado. Debbie home schools their two daughters and manages their rental property business from home, after her 14-year career in teaching. Chris is a passionate leader to his team of network engineers by day and organic gardener/personal finance extraordinaire by night. Their home base is rural Southeastern CO, where they can go for dirt-road runs and trafficless drives while still being able to make quick mountain trips for hiking, backpacking, and skiing.
This is the first in a periodic series of interviews with families who are on the path to financial freedom.
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In This Episode We Cover:
- Chris and Debbie’s personal finance journey
- Debbie’s autoimmune disease diagnosis
- Lifestyle changes and adjustments they made to achieve their objectives
- Using the YNAB app to budget their money
- How they track all their spending
- How their budget works
- Why they invest their money in real estate
- The very first property they purchased
- Properties they have purchased since
- The cash flow they produce from their portfolio
- Household and quality of life improvements
- Their goals for the next few years
- What the cash flow quadrant is
- And SO much more!
Links from the Show
Books Mentioned in this Show
- “You find what you are looking for.” (Tweet This!)
- “If we can do it, they can do it, too. It is just a matter of taking a look at priorities.” (Tweet This!)