BiggerPockets Money Podcast

FIRE at 50: The 4-Year Journey That Made Early Retirement a Reality

22 snips
Nov 15, 2024
Guest
Eric Reinholdt
Eric Reinholdt, an entrepreneur who achieved financial independence by age 50, shares his transformative journey. He discusses how a financial awakening in 2020 fueled his aggressive saving and investment strategy. With practical tips on balancing spending and saving, he reveals the importance of monthly financial check-ins with partners. Eric reflects on the trade-offs of hustling for early retirement and offers insights into living a fulfilling life while navigating the FIRE movement. His path to 'chubby FI' is both inspiring and relatable!
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ANECDOTE

FIRE Discovery

  • Eric Reinholdt discovered FIRE at 46 from a friend retiring at 47.
  • This inspired him and his wife to pursue FIRE, setting an initial goal of $2.5M.
ADVICE

Enjoy the Journey

  • Design a life you enjoy now, making space for both saving and spending.
  • Don't sacrifice present happiness for an uncertain future.
ANECDOTE

Death March Details

  • Eric's "death march" involved intense work and modest spending.
  • His wife's income provided flexibility, allowing for vacations and experiences.
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