BiggerPockets Money Podcast Teacher ($44K/Year Income) FIREs in 10 Years Making the RIGHT Sacrifices
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Apr 4, 2025 Bryce Stewart, a former sixth-grade teacher, achieved financial independence in just ten years while earning $44K a year. He discusses how strategic real estate investments transformed his life. Bryce shares the sacrifices he made, including house hacking and diversifying income streams, to build a passive income that outstripped his teaching salary. He emphasizes that income isn't a barrier to achieving FIRE, and reveals the pivotal purchase that set him on his path. His insights offer valuable lessons for anyone seeking early retirement.
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Initial Condo Investment
- Bryce bought a luxury condo in 2006, expecting to sell it for profit after two years.
- The 2008 market crash left him underwater on the mortgage, unable to sell or rent without a loss.
Inspiration from Coworker
- At 23, Bryce learned about real estate investing from a coworker who owned a four-unit building.
- This inspired him to read "Rich Dad, Poor Dad" and consider real estate as a path to financial freedom.
Successful House Hack
- Facing a growing family and financial strain, Bryce bought a duplex, utilizing house hacking to reduce living expenses.
- Refinancing and increasing rents led to significant cash flow, proving the effectiveness of his strategy.
