563: Why Aren’t More “Normal” People Achieving FIRE?

563: Why Aren’t More “Normal” People Achieving FIRE?

Has BiggerPockets Money become too focused on FIRE (financial independence, retire early)? For the past seven years, we’ve been bringing you shows highlighting the journeys of those who left their jobs to enjoy early retirement.Some of these guests did it faster than others by making more money, increasing their frugality, investing smart, or building a business. But the question many of our listeners are wondering is: Is this even possible for the average, “normal” person? Today, we’re taking a hard look at the show’s future and asking ourselves whether or not focusing on FIRE is still the right path forward. Should we shift topics to help the everyday American get a financial leg up, or is continuing the FIRE-focused path the best way to help YOU, our listener? This isn’t a rhetorical question; we genuinely want to know! After this episode, join the BiggerPockets Money Facebook group thread, and let us know which stories YOU want to hear the most! In This Episode We Cover Why the BiggerPockets Money Podcast rarely brings on “normal” guests achieving FIRE Can anyone achieve FIRE, and if so, how do they get there? The four financial levers you can pull to put you on the path to financial freedom The advanced financial tactics BiggerPockets Money teaches you to grow your wealth What to do if you feel like you can’t make any progress towards early retirement 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 Scott 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 BiggerPockets Money Facebook Group BiggerPockets Money 63 - Financial Freedom With 5 Kids IS Possible with Jordan Klint BiggerPockets Money 130 - Refusing to Retire at 65: How a Couple in Their 40s Managed to Hit FI in 12 Years w/Susan and Norm Episode 560 - Dude ACTUALLY Withdraws From His 401(k) and Retires at 47 w/Eric Cooper Get on the Path to Financial Independence with “Set for Life” See Mindy and Scott at BPCON2024 in Cancun! What Is the FIRE Movement? 00:00 Intro 02:16 Talking Too Much About FIRE? 08:59 FIRE Isn't For Everyone 11:53 What is FIRE? 16:27 Can You Hit FIRE Being "Normal"? 22:42 Who Should Listen to BP Money? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-563 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

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311: How to Create Financial Security (From Scratch!) and Become “Set for Life”

311: How to Create Financial Security (From Scratch!) and Become “Set for Life”

What's stopping you from becoming debt-free? Everyone’s answers will vary, but one truth remains the same—excessive debt can prevent you from living the life you deserve. Today’s guest, Joe Bussey, to...

20 Kesä 20221h 26min

310: Finance Friday: Sell (Don’t Rent) Your Primary Residence When You Move Out

310: Finance Friday: Sell (Don’t Rent) Your Primary Residence When You Move Out

Retirement investing is a crucial part of planning for financial freedom. While early retirement is a status that almost everyone would love to achieve, the second-best thing is standard retirement, w...

17 Kesä 202257min

309: Bonds: The Perfect Inflation Hedge (with One BIG Caveat)

309: Bonds: The Perfect Inflation Hedge (with One BIG Caveat)

I Bonds, and treasury bonds in general, have always been thought of as the “retiree's investment choice.” For those that have a short time horizon on investments, bonds have made perfect sense. With a...

13 Kesä 20221h 17min

308: Why You Can’t Stop Overspending | Mindy & Carl’s Budget Review

308: Why You Can’t Stop Overspending | Mindy & Carl’s Budget Review

Many FIRE chasers want to know how to stop overspending. But maybe the solution to overspending is simply knowing about it in the first place. For many Americans, credit card debt, exuberant living, a...

10 Kesä 202239min

307: The 4 Steps to Financial Freedom and Debt-Free Wealth

307: The 4 Steps to Financial Freedom and Debt-Free Wealth

Want to work less and make more? With a forty-hour workweek, it seems hard to imagine a reality where you can do less but still get the same results. How can you fit an entire week’s worth of work int...

6 Kesä 20221h 13min

306: Finance Friday: Self-Employed Income and Short-Term Rental Investing

306: Finance Friday: Self-Employed Income and Short-Term Rental Investing

If you want to invest in real estate, you’ll need a few things: a property, an income source, and some cash. If you’ve got all three, you should be able to finance your way to owning a rental property...

3 Kesä 20221h 1min

305: What to Do Before You Quit the High-Pay & Benefits of Corporate World

305: What to Do Before You Quit the High-Pay & Benefits of Corporate World

Before you quit your job, you will need to prepare yourself not just financially, but mentally. If you’re thinking of leaving your W2, and you're not at retirement age just yet, odds are you have a si...

30 Touko 20221h 17min

304: Finance Friday: The Fastest Way to Pay Off $300k in Student Debt

304: Finance Friday: The Fastest Way to Pay Off $300k in Student Debt

It’s a strange time for student debt. On one hand, many college graduates are electing not to pay their student loans while they sit in forbearance. On the other, some debtors are choosing to take adv...

27 Touko 20221h 13min

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