Massively increasing your net worth in one year sounds unrealistic, but for many people pursuing

financial independence, it can happen much faster than you expect, especially earlier in

your wealth-building journey. Today, we are breaking down the practical yet totally doable

strategies that can dramatically accelerate the growth of your net worth and help you fast-track

your financial independence.

Hello, hello, hello, and welcome to the Bigger Pockets Money podcast.

My name is Mindy Jensen.

And with me, as always, is my has doubled his net worth in one year co-hosts, Scott Trench.

100% Mindy.

Very excited about this conversation today, Mindy.

Have you ever doubled your net worth in a year?

So Carl and I started tracking our net worth when it was about $5,000 or $600,000.

We didn't really keep track of it before then.

So I'm sure it had doubled at one point before that, but after that, it has never doubled in one year. We've had significant ups, a couple of significant down years, but never doubled once we started tracking it.

Scott, do you remember if your net worth ever doubled in one year? Sure. My net worth doubled

almost certainly in the very early stages of the journey when I went from, you know, very

close to zero net worth to my first $20,000, $30,000. It may have doubled again in certain

years as real estate took off with high leverage. And then when Josh Dorkin decided to sell

bigger pockets back in 2018, he named me the president of bigger pockets. And then when Josh Dorkin decided to sell bigger pockets back in 2018, he named me

the president of Bigger Pockets. And as part of leading the company, when the company sold,

I was paid enough that it effectively doubled my net worth at the time of the sale.

That's awesome. I mean, you were not president in name only. You were doing so much work on that. I'm sure on the transition process, but just in general, running bigger pockets. That was well-deserved, Scott. Congratulations. Well-deserved. I don't know. Lucky. Right place, right time. Maybe other people have something like that happening in their lives there. I'm surprised you have not doubled your net worth in a year, though, across your entire journey. Has there ever been a particularly good year that stood out where

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