Achieving Financial Freedom Early

This chapter explores a successful investment strategy that emphasizes a three-fund portfolio with a low bond allocation for greater growth potential. The discussion covers concepts like Coast-Fi and the significance of early investing, compound interest, and responsible money management for achieving financial independence and future lifestyle goals.

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Once you hit Coast FI, you don’t need to worry about retirement. While traditional FIRE may take a bit more extra work, Coast FI allows you to let your foot off the gas and enjoy life NOW, knowing that you’ll be set for retirement by the time you’re sixty-five. Lisa hit her coast FI number at the (very) young age of twenty-seven, and she will have millions of dollars waiting for her in retirement, even if she stops investing now. How’d she do it so quickly?

When her father challenged her to save $100K by age twenty-five, Lisa said, “Why not!” She hit the goal—actually, she got there two years earlier! After much saving and significant sacrifice, Lisa had a six-figure net worth in her early twenties. From there, she began heavily investing in her retirement accounts, which now boast over a quarter of a million dollars, and she’s on track to have half a million at thirty!

How did Lisa get so far ahead of the average twenty-seven-year-old, and what can you teach your kids, grandkids, nephews, nieces, or siblings to get them on the same path? Tune in because Lisa shares how to save $100K, the easiest way to invest for retirement, the tax-free account that will make your future self rich, and her best advice for growing wealth at a young age.

Support today’s show sponsor, BAM Capital, your path to generational wealth with premier real estate investment opportunities!

In This Episode We Cover

How to save $100K in just a few years (even if you’re starting your career)

The tax-free retirement account you can’t afford to overlook

Coast FI 101 and how to hit it early so you can enjoy spending again

The sacrifice of saving and whether or not it’s worth it to go fully frugal

Index fund investing and why it’s one of the easiest ways to start investing

Lisa’s retirement portfolio and exactly what she’s investing in now

And So Much More!

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