BiggerPockets Money10 Feb 2020

111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom

On episode 110, we interviewed A Purple Life. As she was sharing her story of financial independence, she casually mentioned that her mother didn’t start investing until later in life, and STILL managed to retire at age 55!

So this week, we’re talking to her mother - who has her own amazing story of early retirement which she was able to accomplish even though she didn’t START investing until she was 40!

Momma Purple shares her pragmatic approach to money in general - buying what you need, trying to make repairs instead of buying something new, sticking to a budget and banking bonuses instead of spending them.

Momma Purple is also a big advocate for having multiple, passive income streams like rental properties and a pension.

Hear her story of weathering TWO market crashes during her investing journey, taking immediate action when she discovered her money was in the wrong investment, and how fabulous her life is now, after retirement.

In This Episode We Cover:

Momma Purple's journey with money
Her life looks like when Purple was born
How she managed her money and able to save up so much as a single mom
Things that changes her practice with money after the conversation she had with her colleague
Her 10-year plan to early retirement
Talking about her investing journey
What she do the moment she was retired
Her advice for older listeners
And SO much more!

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