Want a personalized financial independence plan that’ll get you closer to early retirement? Well, we’ve got just what you’re looking for! On this second annual “Financial Independence Day,” Mindy and Scott are sharing a new way to get you to financial freedom faster. With so many applications for our “Finance Friday” series, we decided to make a downloadable that allows you to do your own personal finance review AND build a faster path to FIRE!
But before you start filling out your financial independence plan, listen to this episode. We review some common traps and pitfalls that have stopped our Finance Friday guests from achieving financial freedom. We’ll explain exactly what each net worth bracket should focus on, how to get through the saving and investing “grind” to FIRE, and the biggest mistake most people make that will STOP them from ever finding financial independence.
Want to reach financial independence faster? Download the DIY Finance Friday document here, and if you want Mindy and Scott’s personalized suggestions, apply to be a Finance Friday guest!
In This Episode We Cover
How to build your own plan for financial independence and reach early retirement faster
Coming up with your financial snapshot to see a complete picture of your net worth
The biggest opportunities to reach FIRE for different net worth brackets
The “middle-class trap” that will stop you from retiring early (even if you’re wealthy)
Getting through “the grind” and how to know you’re on the right path for FIRE
Whether building wealth comes through a “process” or a “single event,” and how to combine both
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
Scott on BiggePockets
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Property Manager Finde
Apply to Be a Finance Friday Guest
BiggerPockets Money 426 - The New Path to Financial Independence is HERE
BiggerPockets Money 157 - The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple
BiggerPockets Personal Finance Forum
Review Mindy’s Budget
See Mindy and Scott at BPCON2024 in Cancun!
Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan
00:00 Intro
01:59 FIRE for DIYers
04:45 Your Financial Snapshot
15:25 Opportunities for FI
23:08 Avoiding the “Middle-Class Trap”
32:58 Getting Through The “Grind”
39:32 You NEED Both of These
44:24 Changing Your Path to FIRE
52:07 Happy FI Day!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-542
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BiggerPockets Money Podcast