Money Mindset For A Catholic Family w/ Emily Crankfield
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Chapters
00:00 Introduction
04:16 The Misconception of Single Income Family
06:42 The Challenges and Realities of Multiple Income Streams
13:26 Choosing What to Sacrifice and Suck At
17:20 The Importance of Momentum and Deadlines
23:27 The Journey of House Hacking and Airbnb
29:02 Financial Benefits and Tools for Airbnb
30:29 Planning and Anticipating Future Needs
30:58 Tracking Finances and Projected Profits
33:24 Forced Appreciation through Home Renovations
36:13 Building Community and Intentional Friendships
41:24 Balancing Work and Family Life
55:27 Finding Creative Opportunities to Increase Income
Summary
In this conversation, Nathan and Emily Crankfield discuss their journey as a single-income family and how they created multiple streams of income through house hacking and Airbnb.
They share their experiences and challenges in finding a house that could be converted into an Airbnb, the renovations they had to do, and the importance of setting and respecting deadlines. They also talk about the financial benefits of having an Airbnb and how it replaced Emily's income from her job in youth ministry.
They emphasize the importance of community and intentional friendships, as well as the need for balance and support in their roles as a stay-at-home mom. They encourage listeners to be proactive in building community and exploring opportunities to increase income.
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