BiggerPockets Money Podcast

The “Set It and Forget It” Path to FIRE by Your 40s

27 snips
May 30, 2025
Meet two ambitious twins who achieved impressive six-figure net worths in their 20s, all while pursuing financial independence and early retirement. They share their 'set it and forget it' approach to investing, combining stocks and rental properties for a diversified income. Flexibility is key as they discuss adapting FIRE goals to life's changes and navigating market fluctuations with ease. Plus, they reveal how family values shaped their journey into real estate, and they offer insights for beginners eager to learn about building wealth.
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ANECDOTE

Andy's Early FIRE Journey

  • Andy discovered FIRE about six years ago by researching the personal finance subreddit after getting his first full-time job.
  • Despite market volatility like during COVID, he stayed the course and continued investing confidently.
ANECDOTE

Oliver's FIRE Discovery and Goal

  • Oliver similarly discovered FIRE through online reading and Ramit Sethi's book after starting his first job.
  • He aims for a $2 million FIRE number by age 45, setting milestones but remaining flexible about timing.
ADVICE

Set and Forget Investing

  • Do not obsessively check your investments; Andy rarely looks at the stock market because he won't touch that money anytime soon.
  • Focus on living your life and let automated investing grow your portfolio stress-free.
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