AIE 167: Wealth Blueprint: Using Your 9-5 to Buy Assets and Retire Early

Lauren comes out of the gate hot, asking exactly how Lindsay accumulated her $100k of debt. Basically, when she started making money, Lindsay blew through it, and ended up with all of her income going towards payments. Most people think of personal finance through payments. Lindsay didn’t know what she should be doing. How did she eventually get on track? This is gut wrenching. Lindsay and her family were at the Route 91 shooting in Las Vegas, and she realized life is too short to spend your life doing things you don’t like, for example, working a job you dislike. Basically, it was the opposite of YOLOing. She started by figuring out how much debt she had by listing it all out. She and her wife cashed out a small brokerage and lived frugally to pay off their loans. They used the debt snowball to help with small wins. Then, they started investing aggressively when the debt was just about to be paid off. Lindsay invests in both stocks and real estate, and Lauren asks why she has both. The peace of mind from diversification is a huge part of it. Also, you can do better than the 4% rule in real estate. The two walk through the real estate portfolio in detail. Primary hacking is a part of their strategy: buying a home with the plans to move in temporarily and make it an investment property later. Lindsay and Lauren then have a hypothetical situation about when to sell a property, and whether to do a 1031 exchange or not when you do. Then, they dig into the stock portfolio. She’s open about some early mistakes in trying to pick stocks, but that has made her a more confident investor now. Interestingly, Lindsay shares that she’s come to appreciate her 9-5 partially because it helps funds her investments!

If you liked this episode, you’ll also like episode 138 with Justin from the Price of Avocado Toast and episode 126 with Bernadebt Joy called From Crying Over Net Worth to $1 Million Net Worth.

About Lindsay:
Lindsay Stamp is a 30-year-old stock and real estate investor who paid off $100,000 in consumer debt and is documenting her wealth building journey on X @lindsaystamp3. Lindsay hopes to show others that financial independence is attainable by consistently investing your 9-5 income over the long term.

Connect with Lindsay:
https://twitter.com/lindsaystamp3

Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.instagram.com/@adultingiseasyreal
https://www.housemoneymedia.com/