FI by 34 After Making “Calculated” Bets that 99% of Us Would NOT Take

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Nov 22, 2024

Andrew Schrader, who achieved financial independence by 34 through calculated risks and frugality, shares his extraordinary journey from over $100,000 in debt to owning multiple properties. He discusses his strategies for aggressive debt payoff and the pivotal moment that drove him to real estate. Emphasizing the importance of house hacking and careful investment decisions, Andrew reveals how living significantly below his means led to his rapid financial freedom. His story is a thrilling blend of audacity and financial savvy.

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ANECDOTE

Andrew's Early Debt

Andrew Schrader accumulated $100,000 of debt after college from student loans and a new truck.
Inspired by a financially independent coworker, he began aggressively paying off debt and saving.

ADVICE

Gamifying Savings

Try monthly mini-deprivations in spending categories like restaurants or hobbies.
Small, consistent savings add up over time, like nickels and dimes.

ANECDOTE

Low Overtime Pay

Andrew's refinery job offered low overtime pay, described as "less than minimum wage".
He realized the job's primary value was resume experience.

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