366: The Repeatable Steps to Financial Freedom in 4 Years w/TheFICouple
BiggerPockets Money Podcast
BiggerPockets
4.6 • 2.9K Ratings
🗓️ 26 December 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
Financial independence means something different to everyone. For some, it means having enough to not worry about being laid off. For others, it could mean making more money to buy a yacht, but for Ali and Josh (TheFICouple), financial independence means more time together, growing a family, and a community that helps others reach their highest potential. Just four years ago, Ali and Josh were strapped with six figures worth of debt, living paycheck to paycheck, struggling to survive. Now, they’re financially independent, working their jobs just two days a week, and spending the rest of the time building a better life for their future child.
Ali and Josh are tenacious savers and investors, but they weren’t always like this. They were used to spending everything they made, scared to look at their bank accounts, and hoping that the future would somehow become brighter. Once they took the financial blinders off, Ali and Josh saw that the only way to build their ideal life was to deal with their financial hardships head-on. From there, they house hacked, heavily invested, paid off debt, and began publicly posting their wins, and losses, on social media under the @TheFiCouple handle.
They’ve gone from surviving to thriving, and this episode hints at just a portion of what Ali and Josh are building. With a baby on the way, they’ve become even more aggressive with growing their online brand, their real estate portfolio, and their investment accounts. If you want to repeat the four-year path to FI like Ali and Josh, tune in!
In This Episode We Cover
Paying off over six figures of student debt and the beauty behind taking small steps
Seller financing real estate and using it to buy properties without the big banks
Quitting full-time work and still saving over eighty percent of your income
Growing your online brand and building a community that’ll push you to new heights
Why building a massive real estate portfolio isn’t what it’s all cracked up to be
Tips for those that are still in debt or just starting in their investing journey
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Subscribe to The “On The Market” YouTube Channel
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Check Out Mindy’s 2022 Live Spending Tracker and Budget
She Wolf of Wall Street Website
From Fired to FI Couple in 2 Years with Josh and Ali
Budgeting for a Baby: The Costs EVERY New Parent Should Expect
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-366
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Transcript
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| 0:00.0 | Welcome to the Bigger Pockets Money Podcast where we catch up with the Phi Couple. |
| 0:04.6 | Um, and so we're really excited because the things that we started doing four years ago |
| 0:09.8 | are really starting to pay some pretty, some pretty large dividends so that in July of next year, |
| 0:16.5 | when we welcome our daughter to this world, we will have the thing that we set out to have, |
| 0:22.0 | and that was the power of choice and control over our time, and that will be the biggest investment |
| 0:27.1 | that we've ever made. |
| 0:28.1 | Hello, hello, hello. My name is Mindy Jensen, and joining me today is the She Wolf of Wall Street |
| 0:33.9 | Amanda Wolk. What's up Amanda? Hey, how you doing? I'm excited to be here. |
| 0:37.6 | I am doing great. I'm so excited you're here. It has been a minute since we've talked. |
| 0:43.2 | Anything new and exciting in Amanda World? |
| 0:45.4 | You know, just traveling the world, trying to see all of it. |
| 0:48.5 | So where are you headed to next? |
| 0:50.8 | I'm actually going on my honeymoon, so I'm, yeah, so we are going on a safari in South Africa, |
| 0:57.5 | so really excited to get away from the cold and see all the animals and all the adventuring. |
| 1:01.9 | That sounds super awesome. I jealous. |
| 1:04.4 | Okay, we should finish up this intro. I didn't even start with the Amanda and I are here to make |
| 1:09.1 | financial independence less scary parts, so we should do that. |
| 1:12.9 | But I'm super jealous of your warm weather, |
| 1:17.2 | southern hemisphere trip. I'm very excited. It's a bucket list item for sure. |
| 1:22.9 | Oh, super jealous. Okay, well Amanda and I are here to make financial independence less scary, |
| 1:28.6 | less just for somebody else to introduce you to every money story because we truly believe |
| 1:33.2 | financial freedom is attainable for everyone, no matter when or where you're started or what kind |
... |
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