Embracing Flexibility for Family and Freedom

This chapter highlights the importance of spontaneity and flexibility in balancing family needs with professional responsibilities. It discusses the journey toward financial independence, reflecting on how personal well-being and happiness can be prioritized, especially in light of life's impermanence.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Have you ever made a poor financial decision? You’re not alone! But can a bad blunder disqualify you from FIRE? Today’s guest made a huge investment at the worst possible time, a move that had consequences a decade later. Despite this, he was still able to reach early retirement in just fifteen years!

Welcome back to the BiggerPockets Money podcast! Ryan Connell had a picture-perfect start to his financial independence journey—saving money at a young age and living well below his means. But then 2007 arrived, and Ryan made the “worst financial decision” of his life. He bought a house just weeks before the housing market began its historic collapse. But a move that could have derailed his quest for FIRE proved to be a minor setback because Ryan was still able to retire at the age of thirty-eight!

In this episode, you’ll learn why you should treat real estate as less of a “sure thing” and more like the stock market. Ryan discusses his current portfolio, which consists of 100% index funds, and what led him to pivot from real estate investing entirely. He even gives us a peek into the average day as an early retiree and shares why he has never had a FIRE number!

In This Episode We Cover

How Ryan rebounded from his “worst financial decision” to reach FIRE at thirty-eight

Real estate versus stocks and why you don’t need properties to retire early

Why time in the market is still more important than timing the market

Whether you can reach financial independence without stress and sacrifice

How to enjoy retirement with less productivity and more “negative time”

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE