Want a personalized financial independence plan that’ll get you closer to early retirement? Well, we’ve got just what you’re looking for! On this second annual “Financial Independence Day,” Mindy and Scott are sharing a new way to get you to financial freedom faster. With so many applications for our “Finance Friday” series, we decided to make a downloadable that allows you to do your own personal finance review AND build a faster path to FIRE!

But before you start filling out your financial independence plan, listen to this episode. We review some common traps and pitfalls that have stopped our Finance Friday guests from achieving financial freedom. We’ll explain exactly what each net worth bracket should focus on, how to get through the saving and investing “grind” to FIRE, and the biggest mistake most people make that will STOP them from ever finding financial independence.

Want to reach financial independence faster? Download the DIY Finance Friday document here, and if you want Mindy and Scott’s personalized suggestions, apply to be a Finance Friday guest! 

In This Episode We CoverHow to build your own plan for financial independence and reach early retirement fasterComing up with your financial snapshot to see a complete picture of your net worthThe biggest opportunities to reach FIRE for different net worth bracketsThe “middle-class trap” that will stop you from retiring early (even if you’re wealthy)Getting through “the grind” and how to know you’re on the right path for FIREWhether building wealth comes through a “process” or a “single event,” and how to combine bothAnd So Much More!

Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on The Path to FIRE Through the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEScott on BiggePocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Find an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersProperty Manager FindeApply to Be a Finance Friday GuestBiggerPockets Money 426 - The New Path to Financial Independence is HEREBiggerPockets Money 157 - The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a CoupleBiggerPockets Personal Finance ForumReview Mindy’s BudgetSee Mindy and Scott at BPCON2024 in Cancun!Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

00:00 Intro01:59 FIRE for DIYers04:45 Your Financial Snapshot 15:25 Opportunities for FI23:08 Avoiding the “Middle-Class Trap”32:58 Getting Through The “Grind”39:32 You NEED Both of These 44:24 Changing Your Path to FIRE 52:07 Happy FI Day!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-542

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