449: Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 11 September 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

People spend much of their lives grinding to Coast FI, but the truth is that you’re only ever one big financial swing from achieving your FI goals much faster. Despite starting out with very little, today’s guest was able to break the cycle and reach her Coast FI goal in just four years. In this episode, she shares the blueprint for her “overnight” success! Welcome back to the BiggerPockets Money podcast! Today, we’re speaking with finance guru and real estate investorAmberly Grant. Amberly didn’t come from wealth. Growing up, her family never owned a home or had enough money to afford simple repairs. But, at fifteen, she discovered the book The Wealthy Barber, which ignited her love for finance. After several failed business ventures and a late start to college, Amberly discovered the power of real estate investingin 2019. House hacking covered her mortgage each month, and keeping her expenses down allowed her to save most of her income and buy more properties. In this episode, Amberly demonstrates just how quickly things can swing in your favor with a little financial knowledgeand hard work. Comfortably Coast FI, Amberly now works from home, manages her real estate portfolio on the side, and spearheads FinTalks—a segment of the FIRE community that discusses important finance topics each week. Tune in to learn how she doubled her W2 income, saved eighty thousand dollars in one year, and made her husband wife-FI! In This Episode We Cover How to fast-track your journey to financial independence Reaching Coast FI in as little as four years with real estate Eliminating your mortgage payment through the power of house hacking Increasing your income through W2 raises and HUGE property cash flow Reducing your monthly expenses and supercharging your savings And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32 w/Yanely Espinal Join the FinTalks Community Today Click here to check the full show notes: https://www.biggerpockets.com/blog/money-449 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome everybody to the Figure Puckets Money Podcast where we interview Amber Lee Grant
0:05.6	and talk about cash flowing real estate, dramatically increasing your income, and immigration!
0:12.4	Hello, hello, hello, my name is Mindy Jensen and with me as always,
0:16.4	is my can definitely bench press more than me co-host Scott Trent.
0:21.1	Thank you Mindy, that intro was very uplifting.
0:24.4	All right, Scott and I are here to make financial independence less scary,
0:28.7	less just for somebody else to introduce you to every money story because we truly believe
0:34.4	financial freedom is attainable for everyone no matter when or where you're starting.
0:39.1	That's right whether you want to retire early and travel the world or go on to make big-time
0:43.6	investments and assets like real estate and start your own business or build a rental property
0:48.8	portfolio on a foundation of frugality in a few wonderful opportunities over the years.
0:54.1	We'll help you reach your financial goals and get money out of the way so you can launch yourself
0:57.5	towards those dreams. Scott, today's money moment, stay with me, is strive for inbox zero. Hold on,
1:05.7	I'm getting there. You know how you have that promotions tab in your email? Sometimes it's easy
1:11.1	to get lost in it and rack up some spending. 50% off on Amazon, buy one, get one free on clothes,
1:17.2	reduce prices, and all of a sudden you just spent like $500. If you think about it, you could
1:23.8	instantly delete everything in your promotions tab and then never see it and never tempt yourself
1:29.3	because if you weren't thinking about it beforehand, some email saying here's a free thing or
1:34.6	here's some money off of something shouldn't tempt you to buy that product. I love it Mindy. I
1:40.1	have been running inbox zero for the entirety of my time here at Bigger Pockets, Josh Dorkin,
1:45.2	our founder, trained me on that in the first week and I have never looked back ever since so all
1:50.1	of my inboxes are cleaned out personal and work almost every day, not every day, but almost every
	...

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