Episode #563
Support today’s show sponsor, BAM Capital, your path to generational wealth with premier real estate investment opportunities:
https://www.biggerpockets.com/bam
Episode Show Notes: https://link.chtbl.com/Money
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
Get on the Path to Financial Independence with “Set for Life”:
https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
See Mindy and Scott at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
What Is the FIRE Movement?
https://www.biggerpockets.com/blog/fire-financial-independence-retire-early?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Scott and Mindy:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
Has “BiggerPockets Money” become too focused on FIRE (financial independence, retire early)? For the past seven years, we’ve been bringing you shows highlighting the journeys of those who left their jobs to enjoy early retirement. Some of these guests did it faster than others by making more money, increasing their frugality, investing smart, or building a business. But the question many of our listeners are wondering is: Is this even possible for the average, “normal” person?
Today, we’re taking a hard look at the show’s future and asking ourselves whether or not focusing on FIRE is still the right path forward. Should we shift topics to help the everyday American get a financial leg up, or is continuing the FIRE-focused path the best way to help YOU, our listener? This isn’t a rhetorical question; we genuinely want to know!
After this episode, join the “BiggerPockets Money” Facebook group thread, and let us know which stories YOU want to hear the most!
00:00 Intro
02:16 Talking Too Much About FIRE?
08:59 FIRE Isn’t For Everyone
11:53 What is FIRE?
16:27 Can You Hit FIRE Being “Normal”?
22:42 Who Should Listen to BP Money?