The Repeatable Path to Financial Independence in 4 Years

Рет қаралды 15,410

Күн бұрын

Financial independence means something different to everyone. For some, it means having enough to not worry about being laid off. For others, it could mean making more money to buy a yacht, but for Ali and Josh (TheFICouple), financial independence means more time together, growing a family, and a community that helps others reach their highest potential. Just four years ago, Ali and Josh were strapped with six figures worth of debt, living paycheck to paycheck, struggling to survive. Now, they’re financially independent, working their jobs just two days a week, and spending the rest of the time building a better life for their future child.
Ali and Josh are tenacious savers and investors, but they weren’t always like this. They were used to spending everything they made, scared to look at their bank accounts, and hoping that the future would somehow become brighter. Once they took the financial blinders off, Ali and Josh saw that the only way to build their ideal life was to deal with their financial hardships head-on. From there, they house hacked, heavily invested, paid off debt, and began publicly posting their wins, and losses, on social media under the @TheFiCouple handle.
They’ve gone from surviving to thriving, and this episode hints at just a portion of what Ali and Josh are building. With a baby on the way, they’ve become even more aggressive with growing their online brand, their real estate portfolio, and their investment accounts. If you want to repeat the four-year path to FI like Ali and Josh, tune in!
00:00 Intro
03:11 No Debt, New Property, and a BABY!
09:51 A Seller-Financed Steal
12:19 Quitting Full-Time Work
19:07 Building an Online Brand
31:46 Saving 80% of Their Income
40:37 Real Estate Goals
45:51 Tips for FIRE Chasers
47:55 Connect with Ali and Josh!
Show Notes at:
www.biggerpockets.com/blog/mo...
~~~~
Join the BiggerPockets Money Facebook Group:
/ bpmoney
~~~~
Find an Investor-Friendly Agent in Your Area:
www.biggerpockets.com/agent/m...
~~~~
Hear Our Past Interview with Ali and Josh:
www.biggerpockets.com/blog/bi...
~~~~
Budgeting for a Baby-The Costs EVERY New Parent Should Expect:
www.biggerpockets.com/blog/mo...
~~~~
Financial Independence: How Much of Your Income Do You Need to Save?
www.biggerpockets.com/blog/fi...
~~~~
Connect with the FI Couple:
BiggerPockets: www.biggerpockets.com/users/j...
Instagram: @theficouple or / theficouple
Website: www.theficouple.com/
Email: info@theficouple.com
~~~~
Connect with Amanda:
Instagram: @shewolfeofwallstreet or / shewolfeofwallstreet
Website: shewolfeofwallstreet.com/
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: www.biggerpockets.com/guest?u...
Finance Friday: www.biggerpockets.com/finance...
~~~~
Connect with Mindy on BiggerPockets:
Mindy: www.biggerpockets.com/users/m...
Episode 366
#biggerpockets #biggerpocketsmoney #money366

Пікірлер: 28

@paulnovak2669 7 күн бұрын

I really loved this video and specifically the message at the end. I also love real estate and have shifted most of my investing from the market to real estate but I am not looking to build a 100 unit portfolio. My ultimate goal is to retire and teach personal finance to others. I am not trying to trade in my current job for a new one. My ultimate goal is to generate $11K a month in income from my real estate investments. We currently own 4 properties 6 doors and are currently over half way to our goal. Similar to what they talked about in the video my goal is to track what my income could be if we had all paid off properties. Once that number hits $11K my plan is to start taking all disposable income to pay our properties off vs. building a huge portfolio. I will plan to keep investing after that but it might be in a more passive fashion like the stock market or syndications to keep my time free. Thanks for sharing your story and posting this video!

@janea276 Жыл бұрын

"ITS A HARD NO FOR ME" cracked me up. I like that they're definitely human!! Awesome couple goals!!!

@jonathancorreal6120 Жыл бұрын

I love their journey. They are genuine and inspiring. Wish them both success and happiness with the new baby!

@alexandrialupo3166 Жыл бұрын

Thank you so much for your kindness :) We appreciate you!

@nina06843 Жыл бұрын

First time hearing about the FI Couple and just started following them online after this episode. My husband and I went through fertility treatment as well trying various methods and are now blessed with two kids. So nice to hear your story. Congrats to you guys on the pregnancy and to all of your success! Great job Amanda on cohosting. Been following you since I saw you on this podcast.

@mariakennedy6238 2 ай бұрын

I love this and how relatable their story is. This is Perhaps my favorite episode so far! Thanks for sharing this! 🎉

@nadiadomingoselebedi Жыл бұрын

Enjoy Amanda! I’m from Cape Town South Africa, currently living in NZ and have to say you definitely going to enjoy the safari

@nomafmaroga6827 Жыл бұрын

How is NZ for. I wish I can leave SA and get a job outside the country.

@TJ-th9hw Жыл бұрын

This was a very inspiring show. Thank you so much for sharing.

@elisabethpatterson9417 Жыл бұрын

Great video! I've never heard of the FI Couple. Thanks for sharing. :)

@lailaatallah1857 Жыл бұрын

You two are so articulate, hard working, and resourceful! Your story is BEYOND inspiring!! Thank you for sharing so transparently. Wishing you all the best with your baby to be!!

@healthyaisletoasia Жыл бұрын

Where did Scott go 😭

@mayyang8350 4 ай бұрын

What a great story! So inspired by them.

@addingitallup300 Жыл бұрын

This was an amazing podcast. Love the knowledge

@alexandrialupo3166 Жыл бұрын

Thank you ♥

@danieltik Жыл бұрын

7% in July was not a great deal. Kudos to them for being brave enough to take that on though

@alexandrialupo3166 Жыл бұрын

OMG trust us 7% was not what we had initially planned for! Thankfully we bought the deal WAY below market & knew it would cash flow nicely even at a higher rate. We gained $60,000 of new equity using 5% down & this deal gives us a 20% cash on cash return which we like 😊

@jaisygeorge9542 Жыл бұрын

The rental income covers the cost with out personally coming out of pocket and they always have the option to refi when the rate drops. Average credit card rate is 16-30% with the average household balance at $8,000 atleast the ficouple is still building equity at 7%.

@alexandrialupo3166 Жыл бұрын

@@jaisygeorge9542 BINGO! Thanks Jaisy!

@anabettencourt6943 Жыл бұрын

Good episode

@jasonmcdonald1241 4 ай бұрын

"Private money lenders," sooo relatives are helping you?

@camilleaudain6695 Жыл бұрын

Anyone else distracted by how often she looks at him when he's speaking yet he rarely if ever looks at her when she's speaking? Otherwise, good information about how to achieve financial independence as a couple with shared goals.

@ARODRACING 4 ай бұрын

I don’t get how this is FI. This was just swapping a w2 job for another job of working part time and doing social media. They not even living off investments. How is this financial freedom?

@derwinmitchell9947 4 ай бұрын

FI doesn't necessarily mean not working at all. FI is simply freedom to have a choice and not have to work for someone else

@ARODRACING 4 ай бұрын

@@derwinmitchell9947 so every buiness owner working in their business is FI? I don’t think so, if they stop working they are not financial free.