Faith in Finance

View Original

Supplementing Your Income: House Hacking

See this content in the original post

Are you looking for a way to reduce the biggest expense in your budget?

This week on the Faith in Finance Podcast, Andrew Kerr, owner of FIbyREI, is on the show. His money story is largely unconventional, which I think makes this episode so relatable. He also is a master of house hacking, which reduces his biggest monthly expense— his mortgage. This episode is for you if you’re ready to dip your toes into the world of real estate, or even if you want to be creative with your income. 

Topics discussed in episode 37:

  • Andrew’s money story

  • Why it’s okay to take the unconventional route

  • Leaving a 6-figure job for non-profit work which lead to real estate investing

  • What “House Hacking” is and how Andrew has created a career from it

  • Getting your partner on board with your house hacking choices

  • Reaching financial independence through real estate

Links and resources:


My favorite takeways:

  • “Life felt good, it felt like I had a purpose.” Andrew on quitting his job and doing something different

  • “It’s really just thinking creatively about your housing and then making a little choice to reduce the biggest expense in your budget.” Andrew on house hacking

  • “The heart of the financial independence movement is incredible.” Adrian each debt-free story having the same goals