BiggerPockets Money7 Apr 2023

399: Financially Free in 10 Years by Using Real Estate the Right Way

Want to retire early in your 30s? Early retirement may be closer than you think. With smart money moves, intelligent investments, and the ability to save more than you spend, you could trade forty-hour work weeks for full days with your family. But, before you do, you’ll need to set yourself up with some killer cash flow, so your assets can pay for your lifestyle while you sit back and enjoy ultimate time freedom.

This is exactly what Jenny Bayless did over the past ten years. After college, Jenny was able to score a well-paying job but realized only a few months in that the “work for forty years, retire at sixty-five” plan wasn’t worth the grind. So, shestarted aggressively saving, doing whatever she could to get into her first property. From there, she stumbled upon the BRRRR strategy of real estate investing, allowing her to recycle her cash to buy more properties in far less time than it took to save up for a down payment.

In this episode, Jenny explains precisely how this method led her to financial freedom, what FIRE-chasers in 2023 can do to retire even earlier, and why EVERYONE should have a financial exit plan, no matter how much they love their work. Jenny’s repeatable system to financial freedom through real estate isn’t as complicated as you might think, and she gives three crucial tips that, when followed, will lead to FIRE even faster!

In This Episode We Cover

How to retire in ten years (or less!) by using the BRRRR investing method

Leaving your W2 and how to know it’s the right time to walk away from a paycheck

Three tips ANYONE can follow to hit financial freedom faster

“Failing forward” and why those that make mistakes are the ones who get ahead

Cash-out refinances and how to recycle your down payment funds to buy more property

Life after FIRE and why you’re still allowed to make money even when retired early

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Scott's Instagram

Connect with James

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Subscribe to The “On The Market” YouTube Channel

Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

Money Moment

Meet Scott and James at BPCon2023

Grab The Book on “Investing in Real Estate with No (and Low) Money Down”

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-399

Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!

Learn more about your ad choices. Visit megaphone.fm/adchoices

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(805)

Best of BiggerPockets Money: Aswath Damodaran on the $10 Trillion AI Bet

Is the massive investment in AI worth the cost? In this Best of BiggerPockets Money episode, Aswath Damodaran breaks down the trillions being poured into AI infrastructure, the revenue needed to justi...

15 Okt 28min

From $0 to Financial Independence: Where We'd Start at 25

What would we do if we were 25 years old and starting from $0? In this episode of BiggerPockets Money, Mindy Jensen and Evan Lawler break down a step-by-step plan to build wealth and reach financial i...

14 Okt 30min

The Boring Strategy that Allows Him to Retire at 54 (Median Income)

How do you build a $2 million portfolio and retire at 54 without earning an enormous salary? Mike shares how 25 years of consistent saving, basic investing, and real estate helped him reach financial ...

13 Okt 39min

Did Buying a House Ruin Her Path to Financial Independence?

What if you had $1 million invested for financial independence at just 36, but still worried that buying a home could derail your early retirement plans? Cheryl and her family have two young kids, a $...

9 Okt 46min

Best of BiggerPockets Money: Ben Felix on the 4% Rule

How much can you safely withdraw in early retirement, and is the 4% rule still a good guideline? Ben Felix breaks down portfolio risk, asset allocation, bonds vs. stocks, flexible spending, and the ps...

8 Okt 26min

Is House Hacking Dead in 2026? How to Find Deals That Still Work

Is house hacking still a good strategy for reaching financial independence in 2026? Scott Trench and Evan Lawler break down a real house-hacking opportunity, looking at mortgage costs, cash flow, mark...

7 Okt 31min

How Much Can You Safely Withdraw in Early Retirement? | Christine Benz

How much do you actually need to retire, and once you get there, how do you turn your portfolio into income without running out of money? In this episode, Christine Benz from Morningstar joins us to t...

6 Okt 46min

J Scott Explains Inflation, Interest Rates & the Economy

What is happening with inflation, interest rates, energy prices, and the economy, and what does it mean for investors? In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench...

2 Okt 54min