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423: Burned Out? How to Quit Your W2 Job and Still Achieve FIRE

423: Burned Out? How to Quit Your W2 Job and Still Achieve FIRE

FromBiggerPockets Money Podcast


423: Burned Out? How to Quit Your W2 Job and Still Achieve FIRE

FromBiggerPockets Money Podcast

ratings:
Length:
54 minutes
Released:
Jun 23, 2023
Format:
Podcast episode

Description

Is your W2 job causing you to burn out? You have dreams of achieving financial independence and retiring early, but the unrelenting demands of your nine-to-five job are causing you to work around the clock and miss precious moments with loved ones. If you’re feeling this way, you’re not alone!
Welcome back to another episode of the BiggerPockets Money podcast! Today’s guest, Amanda, has spent the last four years grinding toward an early retirement. Although the security of her husband’s reliable W2 income has allowed them to cover all of their expenses, invest in real estate, and grow their nest egg, they are quickly reaching a breaking point. As parents of four young children, they don’t want their busy work lives to keep them from what matters most. Is there a middle ground?
If your FIRE journey is causing you to burn the candle at both ends, this is an episode you won’t want to miss! Mindy and our guest co-host, Kyle Mast, share their perspectives on quitting your W2 job, finding work-life balance through real estate, and when it might be time to pump the brakes on your journey toward early retirement!

In This Episode We Cover
How to create work-life balance on your journey toward FIRE
Leaving the security of a W2 job for the flexibility of real estate
The challenges you might face when investing out of state
The pros and cons of short-term, mid-term, and long-term rentals (and how to choose!)
Using your market’s short-term rental comps to raise or lower your Airbnb rates
When to sell an investment property rather than holding on to it
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Kyle’s Website
Clarity Financial
Kyle’s Twitter
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Money Moment
The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple
Hear Our Last Finance Friday Episode with Joe
Find Short-Term Rental Comps with AirDNA

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-423
 
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
 
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Released:
Jun 23, 2023
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.