From Living on $30,000/Year (in California!) To FI at 36!
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- Опубликовано: 5 июл 2024
- Would you take a low salary for over a decade in exchange for financial independence?
That’s the trade Jeremy Schneider made when he gave up a big tech job salary to work for himself for twelve years, receiving a tiny paycheck all while living in pricey San Diego, California. Jeremy had no idea whether his business dreams would turn out the way he wanted them to, but after twelve years of grinding, he made it to financial freedom. And guess what? He’s not done!
Jeremy made years of sacrifices to get where he is, but once he reached financial freedom, he realized that sitting around sipping Mai Tais isn’t what FIRE is really all about. Instead, Jeremy still lives a frugal lifestyle but does so while making more money than he’s ever made before, working on things he cares about, and knowing he has financial freedom if/when he ever needs it.
Do you want to start a business and retire in your thirties (or earlier)? Then you better follow Jeremy’s path to FIRE!
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Watch More Episodes of the FIRE Show:
• The FIRE Show
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Early Retirement at 36 by Doing What EVERY Entrepreneur Should w/Jeremy Schneider:
www.biggerpockets.com/blog/mo...
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Here’s What It Takes to Succeed as an Entrepreneur:
www.biggerpockets.com/blog/ta...
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Mindy and Scott’s Money Stories and Why They WON’T Retire Early:
www.biggerpockets.com/blog/mo...
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Financial Freedom at 25 by Doing What 99% of People Won’t w/Cody Berman:
• Financial Freedom at 2...
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Connect with Mindy on BiggerPockets:
Mindy: www.biggerpockets.com/users/m...
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Follow Mindy and BiggerPockets on Instagram:
Mindy: @mindyatbp or / mindyatbp
BiggerPockets: @biggerpockets or / biggerpockets
00:00 Retiring at 36!
02:20 FI Before Knowing About FI
04:01 Struggling with Spending
09:10 Living Off $36K/Year
12:06 Be a “Stubborn” Entrepreneur
13:18 What Jeremy Invests In
16:50 Retired? Not Really…
18:12 FI Isn’t the End
20:45 Rules for FIRE
23:00 Connect with Jeremy!
These podcasts feature too many people that make insane money. They aren’t realistic to true majority of people. I don’t get anything out of listening other than feeling bad about myself. Mindy you need to feature real people. Like people who make $100k or less. Otherwise you’re pushing people away.
Or I’ll just go create another channel for that group bc I can tell you, you’re not reaching them.
I keep hearing it, what's the 4% rule?
Watch their episode with Michael Ketsis.
I pretty much re-invented the whole 4% rule and three bucket strategy on my own before I started watching FI videos and found out that those were formalized strategies and such backed by professional studies.
The floss comment cracked me up, because that's totally what my dad would think, which helped me be better with money. I am not that frugal but I am definitely very frugal.
The ‘8” FLOSS’ is me while my husband uses at least 2 feet for each use. Floss is so expensive. I can’t wait to get to the point when I can use floss freely and don’t care about checking every grocery price.😅
I guess I am "Floss FI". I use those floss picks every day.
Tongue scrapers/tongue cleaners, buy once in your life.
Index funds are the best because of they have the lowest fees, another other funds will charge 10x or 100x the fees, even if the fund loses value
What a great topic.....I love to have more of such videos
I will be relistening to this!
I'm sure there are homeless (but working) people in San Diego making $36K a year. There's a real price to live in paradise.
How was he able to put $50k in a Roth IRA The year he sold the company?
he didn’t. he was able to save $500/month for those 12 years and the investments doubled in value over thay time