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Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
A personal finance podcast for women who make good money but still struggle with overspending, credit card debt, and/or saving money. This isn’t about strict budgets or deprivation, it’s about getting to the root of why money still feels hard even though you’re successful in other areas of your life. Hosted by Germaine Foley, the show focuses on mindset and building systems that actually work in real life.
If you’ve paid off debt before, grown your business, or made more money but still feel stuck, there’s nothing wrong with you. Overspending and financial stress aren’t a lack of discipline, they’re a sign that the strategies you were taught don’t fit your real life. This show helps you understand what’s actually happening beneath the surface so you can finally change it.
Each episode offers honest conversations, practical insights, and a new way to think about money that supports both your life now and your long-term goals. If you’re ready to stop stressing about money all the time and start moving forward, you’re in the right place.
Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
174. How to Start Real Estate Investing with Scott Carson
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In this episode of Becoming the Wealthy You, I am joined by a true powerhouse in the real estate world, Scott Carson. Scott brings over 20 years of experience to the table, specifically in the niche of distressed properties and mortgage debt. If you have ever felt like you’re making good money but aren't building the legacy you want, this conversation is exactly what you need to hear.
My Mission for You
My goal is always to help you stop overspending, break free from the cycle of debt, and become the wealthy woman you were born to be. Real estate is a massive piece of that puzzle, but I know it can feel intimidating. Scott and I dive deep into how you can start small, stay safe, and make your money work harder than you do.
Redefining "Investment"
We start with a question many of you have asked: Is your own home an investment?. Scott breaks down why your primary residence is likely your biggest asset, but he also introduces the concept of "House Hacking"—using duplexes or fourplexes to let others pay your mortgage while you build equity.
Becoming the Bank with Note Investing
One of the most fascinating parts of our talk is Scott's expertise in Note Investing. Imagine receiving monthly payments without the headaches of being a landlord. Scott explains how buying the "IOU" from banks allows you to earn 8% to 12% returns while a third-party company handles the collections. It’s a game-changer for those seeking more passive income.
Key Takeaways for Your Wealth Journey:
- You Don't Need Perfect Credit: Scott shares his personal story of starting over after a foreclosure and how networking with private lenders can fund your deals.
- The "Numbers Over Emotions" Rule: We discuss the "Oh That’s So Cute" (OTSC) syndrome. If you want to succeed, you have to take the emotion out and let the data drive your decisions.
- Financial Foundations First: Before you buy your first rental, ensure you have your six-month emergency fund and your retirement accounts in place.
- The Power of Local Networks: Why your first step shouldn't be a generic online course, but your local real estate investment club.
About My Guest
Scott Carson is the host of The Note Closers Show and the principal at WeCloseNotes.com. He is a wealth of knowledge for anyone looking to get their hands dirty in the market or invest passively through notes.
Connect with Me: Ready to tackle your money challenges head-on? Book a complimentary one-to-one money consultation with me at germanefoley.com/consult.
"You don't necessarily wanna swap one job for another job... make sure the numbers work for you."
If this episode helped you, please leave a five-star review and subscribe! It helps me reach more women just like you.
Scott Carson
WeCloseNotes.com
(512) 585-3810
CLICK HERE to save your seat for the Stop Overspending Masterclass that's happening on Sunday, May 17th at 4pm Eastern.