Drive for Education and Financial Improvement

The chapter emphasizes the importance of self-education and financial improvement, warning against falling into a mindset of permanence when dealing with debt. It showcases BAM Capital as a reliable multi-family syndicator for accredited investors looking for long-term wealth building opportunities, alongside a brief on NetSuite by Oracle for improving business operations.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Think it’s too late for early retirement? Do you feel like just because you’re in your late thirties, forties, or fifties, FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds by retiring over fifteen years early, all while raising her daughter on her own and without a six-figure salary to sail her swiftly to a million-dollar net worth. Plus, she did all of it with no investing experience. If Jackie Cummings Koski can do it, so can you!

Jackie grew up in a single-parent household. Her father worked hard to support her and her five siblings. This instilled a strong work ethic in Jackie and made her realize that running towards hard things, not away from them, was the true path to success. She figured out college on her own and, shortly after, landed a corporate job that took her far away from the small town she grew up in. She got married and had her daughter, but then everything changed.

Jackie was getting divorced, forcing her to rely on herself fully for her financial future. In true Jackie fashion, she took this as a challenge and began educating herself as best as she could. Through smart saving, spending, and life-changing investing decisions, Jackie built her wealth in record time, reaching financial independence just ten years after finding the FIRE movement—all without any advantages!

In This Episode We Cover

How to reach financial independence without a high salary, inheritance, or advantages

Stock investing 101 and how intentional investing can explode your net worth

Why you must max out THESE investment accounts to be richer in retirement

How Jackie spends just $40,000 per year owning her own home and raising her daughter

Why you DON’T have to follow all the traditional FIRE rules to retire early

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