426: The New Path to Financial Independence is HERE

The Financial Independence, Retire Early movement (FIRE movement) is changing. More people are investing, making money, and working from anywhere in the world. Investing education and advice has become easier to access, and self-made millionaires have been created through simple frugality and smart spending. Compared to when the FIRE movement was born, now may be one of the best times in recent history to achieve financial independence. But there’s more than one path to choose from.Happy Financial Independence Day! That’s right; we’re swapping hot dogs for home equity, fireworks for frugality, and a cold one for some cold hard cash because TODAY is a day to celebrate an accomplishment we all hope to achieve! In this special episode, Scott and Mindy fly solo, touching on the history of the FIRE movement, its most prominent figures, and lessons learned on the path to FI.But that’s not all; tell your overspending Uncle to tune in as Scott and Mindy debate some of the most common complaints about the FIRE movement and prove that anyone, in almost any situation, can live life on their terms. So sit back, grab those chips you saved for tomorrow’s barbeque (no one will notice), and get your FIRE started! In This Episode We CoverThe financial independence retire early movement (FIRE movement) explained The MULTIPLE paths to early retirement you can take (and which is right for you)FIRE rules you MUST follow that can help ANYONE reach financial freedomWhat to do once you achieve FIRE and planning for it when you’re on the pathDebating the FIRE critics and why you DON’T need to give up everything as you build wealthAnd So Much More! Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott's InstagramGrab Scott’s Book, “Set for Life”Listen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Check Out Mindy’s 2022 Live Spending Tracker and BudgetBill Bengen (The Inventor of the 4% Rule)From Homeless at 14 to Debt-Free Homeowner AFTER Prison Time with Jazmyn GrayHow to Change Your Financial Life with a Money “Reset” with Jill SchlesingeMr. Money Mustache on Life After FI: The Truth About Retiring Early in Your 30sMr. Money MustacheCoast FI: The Calculated Way to Retire Early WITHOUT Giving Up What You Love with The FioneersDesigning a Frugal But Luxurious FI Life by Age 32Change Your Money Mindset, Change Your Life with Vicki Robin Click here to check the full show notes: https://www.biggerpockets.com/blog/money- Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.