480: The Millionaire Fast-Track: How to Hit Financial Freedom Before 30

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 13 December 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

This eighteen and twenty-two year old are on track to reach financial freedom by the age of thirty. And if you think that you can’t make big money moves because you don’t have the experience, resources, or income to build wealth, think again. These two young adults are on the path to making millions in their lifetime, and if you’re in your late teens or twenties or have children or grandchildren who are, THIS is the episode to watch. First, we talk to Gloria Stonelake, an eighteen-year-old who runs a social media marketing agency on track to bring in six figures in income a year. She’s still technically a high school student but spends almost all her time working on her business, learning leadership, and getting leads for her clients. She ditched the traditional route of getting a diploma, a degree, and THEN a job and skipped right to the money-making part. She has some incredible advice for ANYONE who wants to start their own business, no matter your age! Next, Ben Carver joins us to talk about his high school house-flipping side hustle, how he became a real estate agent before getting his college degree, and the newest house hack he’s set to buy at just twenty-two years old! By thirty, both Ben and Gloria should be financially free, and if you want to hit FIRE in your 30s, 40s, 50s, or 60s, these wunderkinds are two to watch! In This Episode We Cover How to build a six-figure business, no matter your age or experience level Why ditching the college degree may be a smart move for entrepreneurial teens and twenty-year-olds Why your financial background does NOT determine whether or not you’ll hit FIRE Entrepreneurial tips to take and challenges you must prepare for to succeed How to live for free and start building a real estate portfolio EARLY in life The one piece of advice Mindy and Scott wish they could give their younger selves And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Make an Extra $100/Day with These Work-From-Home Side Hustles Is It Time to Give Up on Financial Independence? (Mad Fientist) Join the Sheeks Freaks Click here to check the full show notes: https://www.biggerpockets.com/blog/money-480 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	Today's episode is about the power of starting young, of exploiting the unique circumstances you have
0:07.0	available to you specifically. It's about taking advantage of starting with a safety net. You are going to be inspired and amazed by
0:16.3	Gloria and Ben, two young people who are making massive progress so early in life, and it might just make you think about the way that you
0:25.0	approach financial freedom for yourself. Yeah, there's something to be said
0:29.1	about the almost unfair advantage on the wealth building journey for those who start at 16, 17, or 18 years
0:37.1	old seem to have.
0:39.4	But while it's always best to start at 18 years old, There's nothing stopping you from beginning or
0:44.0	accelerating the journey to financial freedom today and learning from the
0:46.9	examples of these two wonderful role models. As you listen to today's episode
0:51.6	think about the young people in your life and who might benefit from listening to these stories.
0:57.5	Then share this episode with them.
1:00.0	All right, welcome my dear listeners to the Bigger Pockets Money Podcast, where we interview
1:05.0	Gloria Stone Lake and Ben Carver from Dan Sheik's online community Sheik's Freaks.
1:10.5	Dan Sheik's is the author of a book called First to a Million, and Sheik's Freaks is dedicated to helping young people learn financial management skills, start investing in real estate, and pursue early financial independence.
1:23.0	Today we talked to Gloria and Ben about how they started their individual paths to financial
1:27.9	independence at such young ages and what their financial futures hold.
1:31.8	Hello, hello, hello, my name is Mindy Jensen,
1:33.9	and with me as always, is also started his Fy journey
1:37.8	at a young age, co-host, Scott Trend.
1:40.0	Thanks Mindy, great to be here
1:41.2	with my crushed her journey to financial freedom in 1500 days, co-host, Mindy.
1:45.4	Scott and I are here to make financial independence less scary.
	...

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