Retired Early in Her 30s and the 10-Year Grind to FIRE |
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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, she started 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! Show Notes at: https://www.biggerpockets.com/blog/money-399?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Join the BiggerPockets Money Facebook Group: https://www.facebook.com/groups/bpmoney ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Got a Money Tip to Share? Send Us an Email: moneymoment@biggerpockets.com ~~~~ Meet Scott and James at BPCon2023: https://web.cvent.com/event/71fc762e-0fc1-4fd3-a893-49abee96ce1e/summary?RefId=Podcast ~~~~ Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704 BiggerPockets: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media ~~~~ Grab The Book on “Investing in Real Estate with No (and Low) Money Down”: https://store.biggerpockets.com/products/investing-in-real-estate-with-no-and-low-money-down?utm_source=owned_media ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Scott and James on BiggerPockets: Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none James: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none Episode #399 00:00 Intro 02:14 Money Moment 03:02 Hitting Financial Freedom FAST 09:21 Leaving Her Paycheck Behind 14:10 "Failing Forward" with BRRRR 21:47 The Rental Property "Light Bulb" Moment 25:16 How to Start in 2023 29:48 Life After FI 35:11 3 Tips to Hit FI Faster 43:30 The Repeatable Path to FI |