Finance Friday: Can I Still Reach FI by 45 If I Quit My Job?

14 snips

Dec 13, 2024

Alex Preziosi, a savvy real estate agent and house hacker, is on a mission to achieve financial independence by 45. She discusses her decision to potentially leave her W2 job to dive into full-time entrepreneurship while managing impressive cash reserves. Alex shares the benefits of house hacking to reduce housing costs, the advantages of her growing real estate side hustle, and strategies for investing her growing cash pile. Can she make the leap without jeopardizing her FI goal? Tune in to find out!

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ANECDOTE

House Hacking Success

Alex successfully house hacked a duplex, significantly reducing her housing expenses.
She found the property off-market through direct mail, highlighting the effectiveness of this strategy.

ADVICE

Leaving W-2

Consider quitting your W-2 job if your side hustle income surpasses it and you have sufficient cash reserves.
Alex's success with her real estate side hustle while working full-time suggests it's time to transition.

ADVICE

Financial Security First

Secure financial stability before quitting your job.
Alex should aim to sell enough houses to cover her expenses before fully transitioning.

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