BiggerPockets Money Podcast On Track to Retire a Millionaire After Living Paycheck to Paycheck
Oct 18, 2024
Marisa Mae, a financial expert who transformed her life from living paycheck to paycheck to being on track to retire a millionaire, shares her journey of overcoming significant debt. She reveals how smart financial planning allowed her to eliminate five-figure consumer debt without sacrificing life's pleasures. Marisa discusses innovative strategies for guilt-free spending and advocates for investing while repaying debt. Her insights also offer a fresh perspective on managing finances for neurodivergent individuals, emphasizing the importance of mindset and mentorship.
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Rock Bottom in Vegas
- Marisa Mae faced a financial crisis in Las Vegas due to unexpected expenses and miscalculated exchange rates.
- Stranded without money or lodging, she reached her breaking point, realizing she needed to change her financial habits.
Seek Relatable Advice
- After hitting rock bottom, Marisa immersed herself in personal finance, reading numerous books and following relevant content creators.
- She sought advice specifically from Canadian and neurodivergent creators, finding relatable strategies.
Intentional Spending
- Marisa advises against overly restrictive budgeting.
- She emphasizes keeping small luxuries and finding a financial plan you can stick to for long-term success.