Young, old, or in between, you need to hear this episode! Today’s guest paid off over $80,000 of debt, grew her net worth to $100,000 and did it all just years after graduating from college without a sky-high income. How did she make such quick progress, and what’s her secret to skyrocketing her net worth early in her career? She’s sharing it all in this episode, and you (no matter your age) can follow her repeatable path, too!Want to see your net worth leap so you can fast-track your road to FIRE? Anna Foley is the person you should listen to. Through common-sense smart spending, diligent investing, and salary-increasing career pivots, Anna and her partner went from $80,000 debt to debt-free and finally hit six-figure net worth status. The best part? They did all of it WITHOUT giving up what makes life enjoyable, and they still sport a phenomenal savings rate!Anna is sharing how she saves a significant portion of her income every month, why she decided to rent (not buy) a house, how “paying yourself first” can get you debt-free before you know it, and why she does NOT follow the traditional advice of chasing a “FIRE number.” In your twenties? Copy Anna’s plan! Closer to retirement? Follow Anna’s smart saving and investing tactics, and you can get there faster! In This Episode We CoverHow to become debt-free and achieve a six-figure net worth before you’re thirty! Why Anna decided to rent a house, not buy one, to maximize her savings What Anna invests 100% of her income in (it’s not real estate!)The “middle-class trap” to avoid when maxing out your retirement accounts Why you DON’T need a FIRE number, and why Anna’s more achievable goals work better Boosting your income and why job-hopping can explode your income-generating potential And So Much More!Links from the ShowMindy on BiggerPocketsScott on BiggerPocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceJoin BiggerPockets for FREE@five20money on InstagramPassivePocketsBiggerPockets ForumsBiggerPockets Money 97 - Intentionally Choosing the Path to Financial Independence with Financial MechanicBiggerPockets Money 110 - Systematically Increasing Income and Intentionally Decreasing Spending with A Purple LifeBiggerPockets Money 558 - How to Start Investing for Retirement: 401(k), IRA, Roth?BiggerPockets Money 560 - Dude ACTUALLY Withdraws From His 401(k) and Retires at 47Email Your Savings Rate to [email protected]! Support Today’s Show Sponsor, BAM Capital, Your Path to Generational Wealth with Premier Real Estate Investment OpportunitiesReach FIRE Faster with “Set for Life”Find an Investor-Friendly Agent in Your AreaSee Mindy and Scott at BPCON2024 in Cancun!Finance Friday: How the “Middle-Class Trap” Stops Your Early RetirementConnect with Anna(00:00) Intro(01:10) Investing Right After College(03:00) Rent, Don’t Buy!(08:58) Paying Off $80K in Debt (12:42) Investing for Financial Independence(16:16) Saving a TON!(21:11) Better Than a “FI Number”(25:27) Boosting Your Income(27:19) Do This FIRST!(29:11) Connect with Anna! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-567Interested 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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