Retire at 50? The Midlife Makeover That Could Catapult You to FIRE
BiggerPockets Money
View ChannelAbout
Intermediate to advanced personal finance strategies for people serious about retiring early—not just dreaming about it. Tune in on Tuesdays and Fridays for new BiggerPockets Money episodes with your hosts, Mindy Jensen and Scott Trench! Don't know where to start? Click the link below:
Latest Posts
Video Description
Episode #581 Support Today’s Show Sponsor, Connect Invest, the Alternative Way to Earn Passive Income Through Real Estate: https://www.biggerpockets.com/connectinvest Episode Show Notes: https://www.biggerpockets.com/podcasts/money?utm_source=youtube&utm_medium=description&utm_campaign=none Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy Scott’s Book, “Set for Life”: https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement: https://www.biggerpockets.com/blog/money-446?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Scott and Mindy: Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none Could a few years of aggressive saving put you in the fast lane for financial independence? Is the grind even worth it? Today’s guest was well on his way to a comfy retirement but had never thought about retiring early. Then he discovered the FIRE movement, and with just four years of all-out hustle, he was able to retire at fifty! Welcome back to the “BiggerPockets Money” podcast! In 2020, Eric Reinholdt experienced a financial “awakening” that set him on a death march to FI and early retirement. For four years, he minimized his spending, maximized his savings, and threw every extra dollar at his investments. Today, he’s “chubby FI,” has a paid-off house, and is recently “retired”— working just ten hours per week on his own business while preparing to travel the world in 2025! But was the glamorous destination worth the grueling journey? Should Eric have started earlier or slowed down to reach his FI number? Tune in to hear about the major lifestyle changes he and his wife made to accelerate retirement, the different levers he pulled to grow his nest egg, and the steps you might need to take if you want to replicate his success! 00:00 Intro 01:25 Discovering FIRE 05:01 Major Lifestyle Changes 14:15 High Income + Low Expenses 22:53 “Retired” at Age 50 27:08 Eric’s Investment Portfolio 33:35 Life in Retirement 37:14 Connect with Eric! 38:06 A “Cheat Code” for Wealth!
Empower Your Financial Journey
AI-recommended products based on this video

Money Skills for Kids: A Beginner’s Guide to Earning, Saving, and Spending Wisely. Everything Tweens Should Know About Personal Finance (Essential Life Skills for Teens)

Guess How Much I Love You: (The Heartwarming Tale of Little Nutbrown Hare Loving Right Up to the Moon and Back - An Ideal Baby Shower Gift & Easter Basket Stuffer for Babies & Toddlers)

Don't Believe Everything You Think (Expanded Edition): Why Your Thinking Is The Beginning & End Of Suffering

CERAKOTE® Ceramic Headlight Restoration Kit – Guaranteed To Last As Long As You Own Your Vehicle – Brings Headlights Back to Like New Condition - No Power Tools Required - 10 Wipe Kit

The Complete Summer I Turned Pretty Trilogy (Boxed Set): The Summer I Turned Pretty; It's Not Summer Without You; We'll Always Have Summer























