Is it possible to reach FIRE by 45, even on a teacher’s salary or an average income? Today’s guest is proving that, yes, you can retire early, regardless of your paycheck. It may be a little harder than it is for high-income earners, but with frugality, discipline, and smart investments, regular people can achieve FIRE!Welcome back to the BiggerPockets Money podcast! At just 31 years old, Kat has been diligently maxing out her retirement accounts, saving a ton of cash, and making enormous strides towards retiring by age 45. Most would say this is a long shot for someone with a teacher’s salary, but thanks to a high savings rate and savvy financial decisions, Kat is right on track to reach her lofty goal. The real question is, should she?Kat will need to grind for the next 15 years to retire on her original timeline. Is it worth taking an extra couple of years to reach financial independence if it prevents burnout? In this episode, Mindy and Amberly will break down Kat’s options, help her avoid the dreaded middle-class trap, and give her a roadmap for achieving FIRE quickly while also enjoying the journey!In This Episode We CoverKat’s roadmap to FIRE by age 45 (on a teacher’s salary!)Why you DON’T need to be a high income earner to retire earlyWhen to stop contributing to retirement accounts and pivot to other investmentsGiving yourself financial flexibility by saving cash (and how to deploy it)When you should (and shouldn’t) pay off your mortgage earlyWhy it’s worth taking extra time to enjoy the journey to financial independenceAnd 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 FacebookSubscribe to the BiggerPockets Money YouTube Channel!The Simple Path to WealthThe Fioneers Coast FI CalculatorFIRE Faster with the Book, “Set for Life”Sign Up for the BiggerPockets Money NewsletterFind an Investor-Friendly Agent in Your AreaBiggerPockets Money 259 - Pensions 101: Are Pensions Worth It? w/ Grumpus MaximusConnect with AmberlyCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-629Interested 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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