535: Achieving FIRE in Her 40s By Taking "Calculated" Risks
BiggerPockets Money Podcast
Intro
Delyanne discusses her financial journey, influenced by her immigrant parents, emphasizing education, good credit, and frugality, leading her to overcome debt and achieve financial success.
What would it take for you to achieve financial freedom? Now, think about what it would take for you to achieve it for your family. Many of us have parents we’ve seen work day in and day out, providing for us when it meant putting their dreams on the back burner. But what if you could repay your parents for all they’ve done for you, helping them retire and ensuring they can truly live the life they love without worrying about money? That’s exactly what today’s guest did for her mother and herself.
After her parents divorced when she was a teenager, Delyanne Barros began what seemed like a two-decade-long non-stop grind. Fearing what would happen to not only herself but her family if she didn’t provide, Delyanne chose to go to law school to not only help those in need but also bring home a steady paycheck that would support her and her mother. After realizing that the nine-to-five grind wasn’t what she thought, Delyanne began searching for a way to get into a better financial position. As a result, she found the debt-free and the FIRE movements.
Now, only in her early forties, she’s already started a business that brings in millions, retired her mother, achieved financial freedom, and did it all just within six years of finding the FIRE movement. Her biggest tip for success: Take a calculated risk and bet on yourself! If you want to find FIRE like Delyanne did, don’t skip this one!
In This Episode We Cover
When it’s worth it to quit your “dream job” to start your own business and bet on yourself
Supporting your family and retiring your parents BEFORE they’re sixty-five years old
Why even lawyer salaries often can’t afford you the life you want to live
Paying off huge student loan debt and why you SHOULD invest before you’re debt-free
The importance of investing EVEN when the market is dropping fast and you’re feeling fear
Why you DON’T have to be self-employed to achieve FIRE (but you DO need to take risks)
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
How to Calculate the Risks Before Investing
The Mad Fientist on Early Retirement in Your 40s and 4% Rule Updates
From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street
00:00 Intro
01:10 Supporting Her Family as a Teen
07:34 Why Law School?
14:15 Finding FIRE and Switching Gears
21:50 Watching the Market Crash
27:37 Quitting Her High-Paid Job
35:35 Can W2 Workers Achieve FIRE?
39:19 Retiring Her Mom
41:44 Best FIRE Advice
42:54 Connect with Delyanne!
43:24 Take a Risk!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-535
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