Adventuring Along – From $0 to Retired in 5 Years

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 1 November 2016

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Want to know how two teachers were able to go from $0 net worth to retired in just 5 years?

On today’s episode of the Financial Independence Podcast, Ali and Joe (a.k.a. Arebelspy) from Adventuring Along join me to talk about how investing in real estate supercharged their progress to early retirement.

We not only dive into how they achieved financial independence in spectacular fashion but we also explore their equally impressive retirement so far. In the past year alone they have hiked the entire El Camino de Santiago, had a baby in Istanbul, Turkey, and published a romance novel!

Highlights:

Dollar-cost averaging into real estate
How to purchase real estate in a place you’ve never visited
Best books for real estate investors
Grasping the concept of ‘enough’
Importance of challenging yourself after retirement (both mentally and physically)
Cost of having a baby in Turkey
How much money you can save by staying out of the United States

Transcript

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0:00.0	I'm blind to give you a visitor finance.
0:06.0	Hey, welcome everybody to the Financial Independence Podcast, the podcast where I get inside the brains of some of the best
0:10.9	and brightest in the personal finance space to find out how they achieved early financial independence.
0:14.6	On today's show, I'm excited to introduce Joe and Allie.
0:17.4	Joe is better known on the internet as Mr Money Mustache Forum moderator,
0:20.9	extraordinary, a rebel spy, or a rebel spy, as I first pronounced it probably
0:26.4	for the first year that I saw it written down without spaces. I had the chance to meet and
0:31.5	hang out with both Joe and Ali at Camp Mustache the past two years and I found their story so interesting and inspiring that I knew I had to get him on the show at some point.
0:41.0	So, really excited that they're here today. Both Joe and
0:44.4	Ali are ex public school teachers who were able to go from a zero dollar net
0:48.4	worth in 2010 to financial independence last year and they did so by building up a portfolio of rental
0:54.2	properties that now provide enough cash flow to cover their expenses.
0:58.0	After retiring last year, they now traveled the world full time with their new baby girl Annabel
1:01.9	who was actually born in Istanbul
1:03.8	Turkey of all places and as you'll soon here their the retirement has been
1:08.2	extremely exciting with lots of interesting things happening so without further
1:12.1	delay Joe and Ali thanks a lot for
1:13.3	being here. Yeah, no problem. Glad to be here. So where exactly are you guys?
1:18.1	So we're in C. M. R. Cambodia right now? Nice. So you are pretty much on the exact opposite end of the world from where I'm at.
1:27.0	I'm sitting in Guanawato, Mexico right now.
1:30.0	So if this Skype call holds together, that would be a miracle, but you guys sound great.
1:35.0	So you guys have been on the road for how long?
	...

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