You CAN retire early in just ten years IF you save and invest enough. Fortunately, your retirement expenses may be less than you think. Chris Luger, from Heavy Metal Money, didn’t think about retiring early until a divorce made him take control of his finances. He realized that the path to early retirement was only ten years away, so he started saving—a lot. Chris managed to save and invest 70% of his income for seven years, and just last year, he pulled the trigger and retired!
And here’s the kicker—Chris isn’t even touching his retirement portfolio. Thanks to a passive income side hustle, he’s funding his lifestyle without drawing down his nest egg. Chris is proof that even after divorce, with kids and an event-packed lifestyle, you CAN afford to retire early.
What’s Chris’s investment portfolio made up of? What’s his passive income-producing side hustle? And how does he deal with stock market downturns without losing his head? Chris shares the raw realities of early retirement, the biggest struggles to prepare for, and the one thing that makes FIRE truly amazing once you achieve it.
In This Episode We Cover
How to retire early in your 40s by supercharging your savings rate
Why you need a passive income stream to have a stress-free FIRE lifestyle
Is a financial advisor worth it? Why Chris is confident in his decision to use an advisor
What you need to prepare for NOW if you’re planning on retiring early
Why Chris is worried about running out of life, not money, in early retirement (and you should be, too)
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Join BiggerPockets for FREE
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Follow BiggerPockets Money on Instagram
“Like” BiggerPockets Money on Facebook
Subscribe to the BiggerPockets Money YouTube Channel!
Rich Dad Poor Dad
Sahil Bloom: The “X Factor” for Financial Freedom and Why FIRE Won’t Make You Happy
When You Should (and Shouldn’t) Hire a Financial Advisor | Life After FIRE
Heavy Metal Money
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Grab the Personal Finance Classic, “Rich Dad Poor Dad”
Sign Up for the BiggerPockets Money Newsletter
Property Manager Finder
When You Should (and Shouldn’t) Hire a Financial Advisor | Life After FIRE
Connect with Chris
Connect with Carl
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-638
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
