Episode 192: Building Passive Income and Retirement with YouTuber & Pool Pro Coach David Van Brunt
Listen to the episode on Apple Podcasts, Spotify, Stitcher, Soundcloud, Google Podcasts, Youtube, or on your favorite podcast platform
Episode Summary
In this episode, we speak with pool service professional and coach David Van Brunt of Swimming Pool Learning. David has had a passion for the service industry since he got his start in 1988 when he was just 16 years old.
Today, he runs the #1 swimming pool channel on YouTube with 50 million video views and 100,000 Subscribers. Alongside his channel, David has an online coaching program with over 280 members. He hosts the popular Pool Guy Podcast Show which has over 850,000 downloads.
David offers his best advice for planning for your future as a pool service professional, as no one can do pool service forever unless they reach a point where they’re doing it simply for fun.
From making the transition into the corporate side of the industry to starting your own business, all the way to retiring with your investments producing passive income, the best time to start thinking about your life beyond pool service is now.
With a couple decades of real estate investing experience under his belt, David explains how anyone can set themselves up for financial freedom and avoid common mistakes around saving and investing your money.
Topics Discussed
01:47 - David Van Brunt
03:33 - Initial things to note when planning for your future
05:24 - Planning for your future if you’re already getting up in age
08:25 - Preparing for the corporate world
11:09 - How to invest your extra cash wisely
16:50 - Why invest in real estate
21:28 - Teaching your kids about money
26:51 - Common saving and investing mistakes
29:14 - How to rent out your properties (i.e. Should you use Airbnb?)
33:09 - How to start planning for your financial future today
34:51 - How to send your finance or investing-related questions to David
Key Quotes From Episode
You can’t be doing pool service forever. [...] If you don’t plan, then you may be working forever which is not a good thing for your body and your overall financial health.
The real benefit of real estate is twofold. One, you get a tax break, because the IRS really wants you to create housing for people. [...] Two, you don’t need to wait until you’re 65 to get money. When you invest in the market, you have to wait until a certain age to draw it out. You may not live to that age. [...] But real estate allows you to have cash immediately.
The worst thing you can do is have money in the bank and not invest it.
