Chasing FIRE – Financial Independence / Retire Early
In a few short years, Dylan McLauchlan built up enough passive income from his real estate portfolio to retire from his day job, and pursue “firepreneurship” – building businesses and pursuing his passions without needing to worry about where the next paycheque will come from. Through the power of leverage with student rentals and multi-family rental properties, Dylan used the BRRRR investing strategy to access capital from his deals, and continue to mortgage snowball.
Reaching financial independence through passive investments and tracking your spending, all while raising a family – Chris Urbaniak shows how it can be done. Since the episode has been released, Chris moved down to 3-day weeks at his job, leaving him with 4-day weekends every week – a fantastic transition to full retirement. FIRE can be achieved in many different ways, but people often consider it impossible while raising a family. Chris joined us today to show how it can be done, without making massive sacrifices, but rather through conscious decisions, and deliberate change.
Taking a leap of faith. Today’s guest had a light-bulb moment, by surrounding himself with the right kind of people. He went from spending all of his money and going into massive debt, to buying two rental properties, living for free by house hacking in one of them, renting to students, hosting on AirBnb, and speaking at real estate events. Looking to turn your life around? Adam Martin will be a huge inspiration.
College is not for everyone. While studying in school, Max flipped 192 cars by the age of 19. He had only one semester left of school – but after reverse-engineering his goals – despite the overwhelming pressure from his peers and mentors to finish – he decided that college did not align with his goals. He is now perusing new business ventures, and flipping cars for income along the way.
Imagine leaving for a 3 month trip around the world, and coming back with more money in your bank account – this is the concept that sparked it all for Matt and Cassidy. Rather than simply investing to make money, investing should be about creating the lifestyle that we want – and these guys figured it out early! Matt and Cassidy are running businesses remotely, investing various types of real estate (including creative financing, vendor take-backs, private money loans), attending countless business/mindset events, and working towards a lifestyle rather than simply working for money.
Matt and Kellan catch up on where they’ve been for the last few months, and their plans for 2019 – including lots of new episodes. Back to regular guest interviews next week!
On this episode, we dive into topics like software careers, real estate renovation projects, van life, and financial independence through simple living combined with passive income from rental properties. Adam Steeper has a fantastic outlook on FIRE, combining his small-town roots with big thinking and a relentless drive for designing the lifestyle he desires.
Today’s guest is Kool Kent. Kent is a YouTuber, drop shipper, and frugal traveler. He also invests in a rental property, which appears be a recurring theme in the On FIRE Podcast. Kent has a fantastic outlook on life, and dives into topics that none of our previous guests have touched upon – don’t miss this episode!
Today’s guest is Kevin, aka Meet Kevin. Kevin is a real estate agent, investor, and YouTube creator sharing valuable knowledge in his videos, and providing a personalized service for his clients in a way that you don’t see very often in this field. Finding value, passion, and the “why” in his work has driven Kevin to continue working well beyond the point of financial independence. Check out this episode, and jump over to Kevin’s channel and let him know you listened to his episode of the On FIRE Podcast!
Is it possible to successfully invest in rental properties, coach/mentor, host a podcast (among other things), and work a full-time job? Sarah Larbi is living proof, and has a lot to teach! While climbing her way from the ground-level to a 7-figure net worth, Sarah has had success BRRRRing rental properties, branding herself, and co-founding a a local real estate meetup group.