How to FIRE in Your 40s on a Teacher’s Salary (or Average Income) (Finance Friday)
BiggerPockets Money11 Huhti 2025

How to FIRE in Your 40s on a Teacher’s Salary (or Average Income) (Finance Friday)

Is it possible to reach FIRE by 45, even on a teacher’s salary or an average income? Today’s guest is proving that, yes, you can retire early, regardless of your paycheck. It may be a little harder than it is for high-income earners, but with frugality, discipline, and smart investments, regular people can achieve FIRE!

Welcome back to the BiggerPockets Money podcast! At just 31 years old, Kat has been diligently maxing out her retirement accounts, saving a ton of cash, and making enormous strides towards retiring by age 45. Most would say this is a long shot for someone with a teacher’s salary, but thanks to a high savings rate and savvy financial decisions, Kat is right on track to reach her lofty goal. The real question is, should she?

Kat will need to grind for the next 15 years to retire on her original timeline. Is it worth taking an extra couple of years to reach financial independence if it prevents burnout? In this episode, Mindy and Amberly will break down Kat’s options, help her avoid the dreaded middle-class trap, and give her a roadmap for achieving FIRE quickly while also enjoying the journey!


In This Episode We Cover

Kat’s roadmap to FIRE by age 45 (on a teacher’s salary!)

Why you DON’T need to be a high income earner to retire early

When to stop contributing to retirement accounts and pivot to other investments

Giving yourself financial flexibility by saving cash (and how to deploy it)

When you should (and shouldn’t) pay off your mortgage early

Why it’s worth taking extra time to enjoy the journey to financial independence

And So Much More!


Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

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Email Mindy: Mindy@biggerpockets.com

Email Scott: Scott@biggerpockets.com

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The Simple Path to Wealth

The Fioneers Coast FI Calculator

FIRE Faster with the Book, “Set for Life”

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Find an Investor-Friendly Agent in Your Area

BiggerPockets Money 259 - Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus

Connect with Amberly



Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-629


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