BiggerPockets Money Podcast

449: Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings

Sep 11, 2023

Amberly Grant, finance guru and real estate investor, shares her journey of reaching Coast FI in just four years by cutting expenses, doubling income, and saving. She discusses how house hacking covered her mortgage, the power of real estate investing, and managing her real estate portfolio on the side. Amberly also highlights how she doubled her W2 income, saved $80,000 in one year, and made her husband wife-FI.

49:51

Episode guests

Amberly Grant

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Episode notes

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Quick takeaways

Amberly Grant demonstrates the power of financial knowledge and hard work, achieving Coast FI in just four years by house hacking and saving most of her income to buy more properties

Amberly Grant emphasizes the importance of surrounding yourself with a supportive community that shares similar financial goals, as it provides valuable insights, support, and opportunities for growth

Deep dives

Building a Financially Independent Life: Amber Lee Grant's Journey

Amber Lee Grant, a member of the FIRE community, shares her remarkable journey towards financial independence. By adopting a frugal lifestyle and being open to opportunities, Amber Lee was able to build a strong financial foundation. She strategically acquired multiple income properties, starting with a house hack and gradually expanding her real estate portfolio. Through her podcast, FinTalks, she has created a supportive community that discusses various financial topics and helps members save money. With her low monthly expenses and a proactive mindset, Amber Lee is continuously seizing new opportunities and aiming for further financial success.

Introduction

2min

Building a Real Estate Empire and Finding Parallel Experiences

2min

Amber Lee Grant: From Finance Bookworm to Real Estate Investor

2min

The Journey to Buying My First Property

12min

Journey to Financial Independence and Acquisition of a Duplex

5min

Navigating Denver Airbnb Laws

24min

Seizing Opportunities through Saving and Cutting Expenses

3min

People spend much of their lives grinding to Coast FI, but the truth is that you’re only ever one big financial swing from achieving your FI goals much faster. Despite starting out with very little, today’s guest was able to break the cycle and reach her Coast FI goal in just four years. In this episode, she shares the blueprint for her “overnight” success!

Welcome back to the BiggerPockets Money podcast! Today, we’re speaking with finance guru and real estate investorAmberly Grant. Amberly didn’t come from wealth. Growing up, her family never owned a home or had enough money to afford simple repairs. But, at fifteen, she discovered the book The Wealthy Barber, which ignited her love for finance. After several failed business ventures and a late start to college, Amberly discovered the power of real estate investingin 2019. House hacking covered her mortgage each month, and keeping her expenses down allowed her to save most of her income and buy more properties.

In this episode, Amberly demonstrates just how quickly things can swing in your favor with a little financial knowledgeand hard work. Comfortably Coast FI, Amberly now works from home, manages her real estate portfolio on the side, and spearheads FinTalks—a segment of the FIRE community that discusses important finance topics each week. Tune in to learn how she doubled her W2 income, saved eighty thousand dollars in one year, and made her husband wife-FI!