Is something stopping your FIRE? Today’s guest wants to retire early at 35, but with a shaky budget, extra expenses, and a problematic rental property, her path to early retirement isn’t clear. In today’s episode, we’ll break down her finances and help her get back on track!Welcome back to the BiggerPockets Money podcast! Sarah earns a great salary and diligently saves for retirement each month. You’d think she’s on pace to leave her W2 job in a few years, but there’s one problem—she has more expenses than the average person. Financially responsible for two extra family members, Sarah pays for their mortgage, food, and lifestyle, all while covering her own expenses!Does Sarah’s financial situation need a major shake-up? Tune in as Scott and Mindy debate whether it’s time for Sarah to part with a property that’s bleeding money, strategize about when to put it on the market, and discuss what to do with the money from the sale. We’ll also touch on the tough conversations Sarah needs to have with family members if she wants to achieve her retirement goal!In This Episode We CoverThe three things Sarah must do to achieve her goal of FIRE by 35How to reach your financial goals despite extra expensesWhat to do with a rental property that has negative cash flowThe BEST time to put an investment property on the marketHow to budget for future children (family planning 101!)And So Much More!Links from the ShowMindy on BiggerPocketsScott on BiggerPocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceJoin BiggerPockets for FREEEmail Mindy: [email protected] Scott: [email protected] Money Facebook GroupFollow BiggerPockets Money on Instagram“Like” BiggerPockets Money on FacebookBiggerPockets Money YouTube ChannelFind Investor-friendly Tax and Financial ExpertsMaximize Your Real Estate Investing with a Self-Directed IRA from Equity TrustAchieve FIRE with Scott’s Book, “Set for Life”Sign Up for the BiggerPockets Money NewsletterFind an Investor-Friendly Agent in Your AreaBiggerPockets Money 12 – How to Become an “Overnight” Success in 10 Short Years with David GreeneCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-609Interested 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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“What did the council decide on item 42?” — answered with the speaker and the moment.

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