052 | Buy Your Freedom
FamVestor Podcast
English - April 16, 2020 10:59 - 19 minutes - 14.1 MB - ★★★★★ - 115 ratingsParenting Kids & Family Education Self-Improvement freedom lifestyledesign passiveincome rei realestateinvesting family familyfreedom famvestor finance frugal Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 051 | Parenting in the Digital Age
Next Episode: 053 | Raising Your Money-Savvy Family
The key 5-Steps to take to Buy Your Freedom in your 30's.
College [Episode 44]: Commute from home, Go to your Community College the first two years. Cars [Episode 19]: Buy a Used Reliable Car that meets these criteria:* $5,000
* One owner, with maintenance records
* 60,000 miles
* Japanese make
* 6-10 years old
* 4 cylinder subcompact car
* Hatchback Housing [Episodes 5,39]: Live at Home, Be or Get a Room Mate, House hack, Airbnb a portion of home, Live in a car. Saving Habits [Episodes 4, 17]: Automate your investments. $500/month to your Roth IRA (Vanguard, Target Date Retirement Fund). Meet the Match of your Employer, and try to max out 401K. Spending Habits [Episode 22]: Measure your expenses, Set a Cash Out of Pocket Budget.
If you do all these things there is no reason why you couldnt be financially independent by your 40's if not your 30's.
Links:
* https://www.famvestor.com/052
* Finja Spreadsheet: https://www.famvestor.com/Spreadsheet
* Retirement Accounts: https://www.famvestor.com/roth
* Car Buying: https://www.famvestor.com/cars
* Housing: https://www.famvestor.com/metalhorseproperties/
* DoD SMART Scholarship: https://www.famvestor.com/smartscholarship/