556: FIRE in 2024: What We’d Do Differently If We Started Over Today

556: FIRE in 2024: What We’d Do Differently If We Started Over Today

2013 was a pivotal year for our hosts. Scott was fresh out of college and just beginning his journey to financial independence, while Mindy and her husband were well on their way to FIRE and had just launched their blog, 1,500 Days, to document their progress. But if they were starting over today, would they change anything? Welcome back to the BiggerPockets Money podcast! In today’s episode, Scott and Mindy are winding back the clock ten years and sharing what they would do differently if they were beginning their FI journey in 2024. Spoiler alert: they wouldn’t have changed very much regarding the fundamentals of frugality, saving money, and investing. But, as you’re about to find out, they would make some MAJOR tactical changes, and they even have a few regrets about not spending money! Whether you’re brand new to FIRE or are already on track for financial freedom, you don’t want to miss this episode! You’ll learn about the real estate investing strategy Scott would prioritize in 2024, the stock investments that helped Mindy overshoot her FI number, and the lifestyle changes our hosts wish they had made along the way! In This Episode We Cover What Scott and Mindy would change if they were starting their FI journey today Three types of investments that will carry you to financial independence How to invest in real estate in 2024 (and which strategy to use) When to prioritize saving cash over contributing to retirement accounts The cash-flowing investment property WE would be buying in 2024 The individual stocks that catapulted Mindy toward FIRE How to save thousands of dollars in taxes with live in flips And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders BiggerPockets Money Group Buy Scott’s Book “Set for Life” See Mindy and Scott at BPCON2024 in Cancun! BiggerPockets Money - Episode 549: Is FIRE Dead? No, But Here’s Why Most WON’T Achieve It 00:00 Intro 01:24 Chasing FIRE in 2013 05:54 Where to Invest & Live In Flips 12:00 Starting from Zero in 2024 23:03 Lifestyle Changes with FI 27:34 Save and Invest! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-556 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(743)

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