Financial Freedom in 2 Years by Scaling Their Rental Portfolio FAST

This might be the fastest path to FIRE we’ve ever seen. In just two years, Emily and James were able to retire early and travel the world full-time. They didn’t have a trust fund, some huge inheritance, or a winning lottery ticket. But they did make some serious sacrifices , cutting almost everything unnecessary out of their lives to retire early and quit the jobs they were itching to get out of. How’d they do it? After realizing they were throwing away every cent they made , James stumbled upon a popular personal finance blog. He devoured it that day at work and came home a changed man. The AC temperature was going up, the restaurant expenses were going down, and he was deadset on achieving financial freedom . His wife, Emily, needed some convincing. But, with time, they both became locked in on FIRE. They moved to a cheaper house, rode bikes to work , and rarely ate out anymore. Just two years after discovering FIRE, they achieved it , and they did it without millions of dollars in the bank. And here’s the thing: you might be able to do it, too, IF you’re willing to put in the work. How much money are they living on? How did they cut their expenses so significantly? And how do you convince your partner or spouse to follow you on the path to financial independence? Emily and James are showing you how in today’s episode! In This Episode We Cover: How NOT to convince your partner /spouse to chase FIRE (do THIS instead) Cutting your expenses significantly and how to save money every single month The big lifestyle changes you must be willing to make to retire early Rental property investing and how to have income property cash flow fuel your FIRE Why you DON’T need to be a millionaire to retire early And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube The BiggerPockets Money Podcast Rethink The Rat Race Check Out "BiggerPockets Money" Reach FIRE Faster with the Personal Finance Classic “Set for Life” Find Investor-Friendly Lenders The Ultimate Beginner’s Guide to Saving Money Connect with Scott Connect with Mindy (00:00) Intro (01:51) Poverty to Overspending (06:42) Convincing Your Spouse on FI (09:39) 0% to 85% Savings Rate (17:00) Buying $50K Rentals (23:59) Retiring on $31K/Year (30:10) The Secret to FIRE (33:13) Are They Still Retired? (35:06) Advice for Finding FIRE (36:54) Connect with James and Emily! (37:49) Use These FIRE Tips Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-502 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com . Learn more about your ad choices. Visit megaphone.fm/adchoices