BiggerPockets Money11 Sep 2023

449: Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings

People spend much of their lives grinding to Coast FI, but the truth is that you’re only ever one big financial swing from achieving your FI goals much faster. Despite starting out with very little, today’s guest was able to break the cycle and reach her Coast FI goal in just four years. In this episode, she shares the blueprint for her “overnight” success!

Welcome back to the BiggerPockets Money podcast! Today, we’re speaking with finance guru and real estate investorAmberly Grant. Amberly didn’t come from wealth. Growing up, her family never owned a home or had enough money to afford simple repairs. But, at fifteen, she discovered the book The Wealthy Barber, which ignited her love for finance. After several failed business ventures and a late start to college, Amberly discovered the power of real estate investingin 2019. House hacking covered her mortgage each month, and keeping her expenses down allowed her to save most of her income and buy more properties.

In this episode, Amberly demonstrates just how quickly things can swing in your favor with a little financial knowledgeand hard work. Comfortably Coast FI, Amberly now works from home, manages her real estate portfolio on the side, and spearheads FinTalks—a segment of the FIRE community that discusses important finance topics each week. Tune in to learn how she doubled her W2 income, saved eighty thousand dollars in one year, and made her husband wife-FI!

In This Episode We Cover

How to fast-track your journey to financial independence

Reaching Coast FI in as little as four years with real estate

Eliminating your mortgage payment through the power of house hacking

Increasing your income through W2 raises and HUGE property cash flow

Reducing your monthly expenses and supercharging your savings

And So Much More!

Links from the Show

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Money Moment

How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32 w/Yanely Espinal

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Click here to check the full show notes: https://www.biggerpockets.com/blog/money-449

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