563: Why Aren’t More “Normal” People Achieving FIRE?
Description
Has BiggerPockets Money become too focused on FIRE (financial independence, retire early)? For the past seven years, we’ve been bringing you shows highlighting the journeys of those who left their jobs to enjoy early retirement.Some of these guests did it faster than others by making more money, increasing their frugality, investing smart, or building a business. But the question many of our listeners are wondering is: Is this even possible for the average, “normal” person?
Today, we’re taking a hard look at the show’s future and asking ourselves whether or not focusing on FIRE is still the right path forward. Should we shift topics to help the everyday American get a financial leg up, or is continuing the FIRE-focused path the best way to help YOU, our listener? This isn’t a rhetorical question; we genuinely want to know!
After this episode, join the BiggerPockets Money Facebook group thread, and let us know which stories YOU want to hear the most!
In This Episode We Cover
Why the BiggerPockets Money Podcast rarely brings on “normal” guests achieving FIRE
Can anyone achieve FIRE, and if so, how do they get there?
The four financial levers you can pull to put you on the path to financial freedom
The advanced financial tactics BiggerPockets Money teaches you to grow your wealth
What to do if you feel like you can’t make any progress towards early retirement
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
BiggerPockets Money Facebook Group
BiggerPockets Money 63 - Financial Freedom With 5 Kids IS Possible with Jordan Klint
Episode 560 - Dude ACTUALLY Withdraws From His 401(k) and Retires at 47 w/Eric Cooper
Get on the Path to Financial Independence with “Set for Life”
See Mindy and Scott at BPCON2024 in Cancun!
00:00 Intro
02:16 Talking Too Much About FIRE?
08:59 FIRE Isn't For Everyone
11:53 What is FIRE?
16:27 Can You Hit FIRE Being "Normal"?
22:42 Who Should Listen to BP Money?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-563
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