236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies

Strong frugality is hard to come by. Not many people would write off their solar system as a business expense and use bitcoin mining to provide heat to their house, instead of using a space heater. These are just two things that Yourri, an engineer and diversification whiz, has done to make his balance sheet as optimized as possible. Yourri has spent the better part of the last decade at school and was able to graduate with a phenomenal job doing something he loves. He makes $120,000 a year but has a big retirement goal of $7,000,000! While this may seem like a massive number to most, Yourri should be able to hit it with some regular investing due to his age and aggressiveness to invest. But, he’ll need to opt-out of an over-diversified investing strategy if he wants to reach this goal as fast as possible. Passion projects are also a big part of Yourri’s life, as he’d like to rebuild a vintage motorcycle, get his pilot license, and adopt as many dogs in need as he can. He has a calculated outlook on his financial growth, and there’s no doubt he’ll hit his goals! In This Episode We Cover Pursuing high-cost hobbies and understanding that FI isn’t all about saving every penny Whether or not diversification could be slowing down your net worth growth The “golden butterfly” investing ratio that helps mitigate risk when investing Writing off solar systems as a business deduction when in a buy-back program Mining bitcoin for not only extra income but free heat! Whether a 401(k) or a Roth 401(k) is the best option for your retirement And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(743)

23: A Mini-Retirement Road Trip in Your 20s with Becky & Noah

23: A Mini-Retirement Road Trip in Your 20s with Becky & Noah

Becky and Noah are in the first half of their gap gear, a pre-FI road trip around America. They didn’t grow up rich, but they carefully planned out their life to avoid student debt. Both earned the sa...

4 Jun 201857min

22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

Student loan debt is a HUGE problem facing millions of people - and it continues to grow every year. Today we are joined by Travis Hornsby from Student Loan Planner who shares several options for payi...

28 Mai 20181h 10min

21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Gayden

21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Gayden

Tony Gayden grew up in a lower middle class household where money and finance were not discussed. He sought comfort in food, eventually reaching 476 pounds and drowning in debt. In this episode, Tony ...

21 Mai 20181h 16min

20: The Simple Path to Wealth—Index Funds Explained with JL Collins

20: The Simple Path to Wealth—Index Funds Explained with JL Collins

Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, havin...

14 Mai 20181h 18min

19: The Ultimate Real Estate Retirement Plan with Chad Carson

19: The Ultimate Real Estate Retirement Plan with Chad Carson

Chad Carson has never had a “real job.” Instead, he has parlayed his experience helping with his father’s rental business into his own real estate rental business. Now, Chad owns enough real estate th...

7 Mai 20181h 11min

18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist

18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist

Early retirement is a goal many people have. Diligently saving for retirement age to fund your life after you stop working is great, but the same programs that help you avoid taxes while saving come b...

30 Apr 20181h 33min

17: Building a Lean Business With (Almost) No Capital with Alan Donegan

17: Building a Lean Business With (Almost) No Capital with Alan Donegan

On this week’s episode of the Biggerpockets Money Podcast, we chat with Alan Donegan. Alan Donegan watched - and helped - his father run a super-successful sportswear company, until the economy shifte...

23 Apr 20181h 11min

16: Financial Security Through Passive Income with Joel Larsgaard

16: Financial Security Through Passive Income with Joel Larsgaard

As a kid, Joel Larsgaard watched his parents work jobs they didn’t like to pay for things they didn’t need. They missed out on some of the priceless moments that life has to offer, culminating in bank...

16 Apr 201859min

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