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BiggerPockets Money Podcast

9: Financial Independence at Age 30 (by House Hacking + Side Hustles) with Drew from Guy On Fire

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.53K Ratings

🗓️ 26 February 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

What would happen if someone had early financial independence in mind right out the gate, upon graduating college? Imagine the amount of money that person could stockpile... Today’s guest had exactly that in mind, and made the kind of decisions that will allow him to retire early (maybe even in his twenties!!!). Meet Drew, the “Guy on Fire.” At age 27, he has already accumulated four properties with seven units in the hot Washington DC housing market. He makes the numbers work, and work well, and is reaping the financial rewards of some sweat, self-education, and side-hustles so he can exit the workforce and live the life of his dreams. Don’t miss this inspirational and totally-repeatable episode with Drew! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Bigger Pocket's Money, Show Number 9.

0:02.7

Live like a college student for as long as possible.

0:05.4

You know, it's not so much the hosting keg parties on a Tuesday or pulling a van wilder.

0:10.4

But referring more to your budget and your spending habits. I mean, as I mentioned

0:17.2

earlier, most of us didn't have a lavish budget in college. We lived on a spaghetti

0:22.1

budget, you know

0:23.0

ramen and the dining hall so just because you have a paycheck doesn't mean you

0:27.7

should develop caviar tastes now.

0:29.7

It's time for a new American dream one that doesn't involve working in a cubicle for 40 years, barely scraping by.

0:37.0

Whether you're looking to get your financial house in order, invest the money you already have, or discover new paths for wealth creation. You're in the right place. This show is

0:45.7

for anyone who has money or wants more. This is the Bigger Pocket's Money Podcast.

0:50.3

How's it going everybody? I'm Scott Trench and I'm here with my co-host Miss Mindy Jenson. How you doing Mindy?

0:56.0

Scott, I am doing fantastic. Have you been outside today? It is a beautiful day following kind of a run of cold weather here in Colorado.

1:05.0

Yeah, I mean it was still a little bit snow on the ground so I drove to work today, but I'm thinking

1:08.8

that because it's cleared up enough, I'm probably going to bike tomorrow.

1:11.8

So I'm back to biking and it's just I'm very excited about. It's like going to be 50 degrees all day every day this week.

1:17.0

Nice and you know today our guest mentioned that he bikes to work and that was one of the ways that he

1:23.2

saved money was biking to work. I noticed that a lot in these

1:26.9

frugality interviews people either work from home or they bike to work or

1:30.6

they use public transportation or some combination thereof so they don't really have that huge car expense.

1:35.6

I am pleased to see you biking again.

1:38.2

Although he did just drive a 20 year old car until maybe as recently as a few months ago

...

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