214: Finance Friday: Fighting Cancer, Starting a Family, & “Planting Seeds”

Share:

Listens: 0

BiggerPockets Money Podcast

Business


It’s hard to imagine what someone is going through once they’re given a cancer diagnosis. The last thing many people want to think about during such a troubling time is finances. This was true for Zachary, who’s combined net worth with his partner more than doubled while he was supporting her throughout her chemotherapy and cancer surgeries.Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly low. This allowed them to set a 50% savings rate and keep enough to pay for treatments, retirement investing, and even save for IVF (in vitro fertilization). Since IVF is such an expensive treatment, Zachary wants to know how he can best position himself to pay for it while his partner reduces her time at work to take care of their future children.In This Episode We CoverBecoming cancer free after a stage three diagnosis (wooooo!)Doubling your income by making intelligent career changesShort-term rentals vs. long-term rentals and the risks of bothPlanning for medical expenses like IVFContributing to HSAs, Roth IRAs, and 401(k)sManaging a 10-bedroom “sorority house” And So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterGet Tickets to BPCon 2021You Need a BudgetSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.