Almost every age group wants to know how to retire in ten years. Whether you’re in your teens, your mid-thirties, or your mid-fifties, retirement can seem like an eternity away. Those who retire early and find financial freedom tend to do so through a combination of smart investing, early saving, and a tenacity for budgeting (without giving up everything they love). But what if you don’t have time on your side? What if you’re still paying off debt? Is it still possible to retire? Thankfully for today’s guest Rik, and all you listeners at home, we can safely say that retirement is in reach, even if you feel like you’re a little off track. Rik has three degrees and as a result, is strapped with some moderate student debt. He wants to retire in five to ten years and realizes that it will take some work to get him in that position. Thankfully, he has some hands-on real estate investing experience—owning a duplex and performing a live in flip on his primary residence. Rik is more than willing to get his hands dirty in his pursuit of early retirement, whether that means doing remodels himself, limiting his booze budget, or simply living a little leaner. With some smart investments under his belt, he’s been able to set himself up in a good position to take on more projects, have smarter debt, and keep more cash. But, Rik will need to take care of a few things first before he can continue building this retirement runway that’s already underway. In This Episode We Cover Student loan debt forgiveness and how to pay off your debt in the smartest way possible House hacking, live in flipping, and turning your home into a cash-flowing machine or equity check Building a strong cash position/safety reserve and having the funds to invest faster HELOCs (home equity lines of credit) and using them to pay off renovations Whether to rent or sell a property in these high-interest times Building a retirement nest egg that allows you to travel, take time off of work, and creatively invest And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel MintMobile.com Amazon Prime Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy’s 2022 Live Spending Tracker and Budget Rookie Reply: Cash Out Refinances vs HELOCs | Which Should You Use? Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth Finance Friday: How Do I Get Out Of This Cash Flow Crisis? Learn more about your ad choices. Visit megaphone.fm/adchoices