BiggerPockets Money Podcast How Can Paul Fast Track to FIRE by 45? ($1.6M Net Worth)
11 snips
Nov 7, 2025 A 40-year-old with a $1.6 million net worth contemplates retiring in just 5-6 years. He shares his journey from debt payoff to generating impressive rental income during COVID-19. The hosts evaluate his financial details and discuss whether to focus on paying down mortgages or investing in index funds. They dive into strategies for managing cash flow, consider tax implications, and explore building a cash position for future flexibility. This episode is packed with actionable insights for anyone aiming to achieve financial independence quickly.
AI Snips
Chapters
Books
Transcript
Episode notes
Pivot From Debt Payoff To Real Estate In COVID
- Paul pivoted from paying off debt to index retirement accounts and then into real estate during COVID.
- He found rentals offered much better cash flow than dividends and grew his portfolio quickly.
Track Everything And Use Precise Projections
- Do track every penny and calculate your true savings rate to know how fast you can retire.
- Use that precise data to project realistic accumulation over the next five years.
Model Portfolio Growth Plus Cash Accumulation
- Your current portfolio plus continued savings can realistically double or more in five years under normal growth.
- Model both portfolio growth and annual cash accumulation to see if you hit your FIRE target.
