Want to retire early? You don’t have to wait until age sixty-five. With a few cash-flowing assets and smart money moves, you could accelerate your path to retirement and enjoy your riches much sooner than you thought possible!Welcome back to the BiggerPockets Money podcast! Derek has worked hard to build a $1.7 million net worth and a portfolio of six rental properties. The only problem? He wants to retire at age fifty. In this episode, Mindy and expert investor David Greene from the BiggerPockets Real Estate podcast work together to get Derek on the fastest path to early retirement. If he plays his cards right—redeploying some of his “lazy” home equity, increasing his cash flow, and starting a profitable business or side hustle—he could reach FIRE in just seven years!Are you wary of today’s sky-high mortgage rates? We share an investing strategy that allows you to buy real estate notes at a deep discount and potentially acquire properties that are worth so much more! You’ll also learn how to use your 401(k) retirement funds today without incurring tax penalties. Finally, you’ll hear about the power of starting a business and reinvesting your profits!Support today's show sponsor, BAM Capital, your path to generational wealth with premier real estate investment opportunities! In This Episode We CoverCreative money strategies that will fast-track your path to early retirementHow to leverage your 401(k) retirement funds today without tax penaltiesBoosting your cash flow by converting properties into short-term rentalsHow to start a business with low money (and where to reinvest your profits!)How to (potentially) acquire valuable rental properties at a HUGE discountWhen you should hire someone to help manage your real estate portfolioAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEMindy on BiggerPocketsScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersProperty Manager FinderHow to Access Retirement Funds EarlyCheck Out J Money’s blog, “Budgets Are Sexy”Check Out Nick Loper’s podcast, “The Side Hustle Show”Hear David on the "BiggerPockets Real Estate" PodcastBiggerPockets Money - Episode 443: The Entrepreneur’s Guide to FI: A Day in the Life of a Finance BloggerBiggerPockets Money - Episode 520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!)00:00 Intro01:45 $1.7M Net Worth!10:20 Derek’s Money Snapshot18:26 7 Years to FIRE29:37 Moving “Lazy” Equity39:42 Note Investing 10148:45 Starting a BusinessCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-539Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] 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.

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