BiggerPockets Money6 Aug 2024

552: From Making $40K/Year as a Teacher to Reaching FI in 4 Years by Doing THIS

You can take your time to reach financial independence, but why wait? With a combination of hard work, savvy investing, and additional income streams, today’s guest reached FI by the age of twenty-eight. In this episode, she provides the blueprint that teachers and other middle-class workers can use to fast-track their financial goals!

Welcome back to the BiggerPockets Money podcast! Today, Brooke Coughlin is a business owner, real estate agent, investor, and author. But, just FOUR years ago, she was a seventh-grade teacher earning a $40,000 salary. The key to her rapid success? Brooke’s workday starts at 5 a.m. and ends well after 10 p.m. This relentless work ethic has helped her build a successful cleaning business, sell over $100 million worth of real estate, and pen her very own book!

Now, working from sunup to sundown isn’t for everyone. Perhaps you just want a reasonable nest egg for a comfortable retirement or some money to pass down to your children. Whatever your financial goals, there are all kinds of helpful nuggets to take away from today’s episode. You’ll learn about the first steps of entrepreneurship, how to build a business or side hustle alongside your W2 job, and how to become financially free from any starting point!

In This Episode We Cover

How Brooke went from a $40,000 salary to financial independence in FOUR years

The BEST ways to increase your income while working a nine-to-five job

What teachers should do today to build a nest egg for retirement

The first steps you must take to become a successful entrepreneur

How to build a real estate business that allows you to leave your W2 job

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 BiggePockets

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

Property Manager Finder

Connect with Brooke on Instagram

Preorder Brooke’s Book, “She Closes Deals”

00:00 Intro

00:58 Supercharging Her Income

09:49 Juggling a HEAVY Workload

12:00 Brooke’s Real Estate Portfolio

16:03 What’s Brooke’s End Goal?

25:06 Connect with Brooke!

25:50 Start Building Your Nest Egg!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-522

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