Money Mindset For A Catholic Family w/ Emily Crankfield

Seeking Excellence with Nathan 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.