241: The Keys to Free College, Graduating Early, & Retiring with $10 Million

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 18 October 2021

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amber Porter has one of the most optimized retirement plans we’ve ever seen. Seriously, she could give Mindy and Scott a run for their money! Amber grew up in a neighborhood that was anything but rich. Surprisingly, the wealthier people in her neighborhood were more interested in purchasing nice cars instead of investing, which they told her was essentially gambling. Amber quickly saw past this idea and realized that smart, consistent investing could lead her to many millions of dollars. She worked throughout high school and was able to graduate in only three years. Then, she applied for every scholarship possible and did the same in college, graduating in three years and completely debt-free. Suddenly, the idea of law school came into her head. She studied, passed the entrance exam, and got into a top school. The same school even gave her a twenty-five thousand dollar scholarship every year she attended. After graduating, she started investing heavily, working as much as she could to fund retirement accounts. She started working for the Army on the side, which allowed her to get an even better retirement plan, an army retirement check, and the ability to buy homes with a zero percent down VA loan. If all goes to plan, Amber will be retiring with close to ten million dollars at age fifty! In This Episode We Cover How to graduate from college debt-free by taking advantage of scholarships Graduating early so you can save a year's worth of tuition Working a government job with the benefit of a pension upon retirement Military benefits for homeownership, retirement investing, and more Getting rid of the “investing is gambling” fear many people have Reaching Fat FIRE upon retirement so you can live exactly how you dreamed And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the bigger Pog its money podcast show number 241 where we interview Amber Porter from minority millennial money
0:07.9	Podcasts and talk about paying for college
0:10.8	Simple investment strategies that grow real wells and just in general absolutely crushing life
0:16.3	I think that a lot of it is ignorant
0:18.7	Unfortunately a lot of it is that people lack knowledge and they don't know anybody who's doing it and they're you know
0:24.0	Focus on like get rich quick schemes. I think when you don't have a lot of money. You want money to multiply really fast
0:32.7	but it really is about the long game and
0:36.1	You know, it's really important that you are investing for the future and you see the money grow over time
0:43.4	Hello, hello. Hello. My name is Mindy Jensen and joining me today as guest host is David Paray from the military millionaire group and podcast
0:52.2	From time to time Scott is unavailable to record rather than miss a week. I'm calling on all my smart friends to fill in for him
0:59.9	David last joined us on episode
1:02.2	179 where we titled his episode the guy who did everything wrong but still figured it out
1:08.4	So today I'm bringing sexy bad the man the myth the mustache David Paray
1:15.6	Thank you so much for immortalizing that you have called me smart online and thanks for having me
1:22.4	You're very smart David. You're not even a crayon eater. Oh
1:27.3	I am
1:30.1	That's a military joke if you don't like it email David because he's a woman
1:37.0	David and I are here to make financial independence less Gary less just for somebody else to introduce you to every money story
1:44.5	Because we truly believe that financial freedom is attainable for everyone no matter when or where you're starting
1:50.4	Whether you want to retire early and travel the world or go on to big big-time investments and assets like real estate
1:55.9	graduate college debt free or start your own business
1:58.4	We will help you reach your financial goals and get money out of the way that you can launch yourself towards your dreams
	...

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