Episode #532

Could Coast FIRE be your BEST path to financial independence? Maybe you don’t want to retire early—not yet, at least. Hustle for a few years, invest your money, and watch it snowball instead! This twenty-four-year-old saved nearly $100,000 with this strategy, and in today’s episode, she’ll show you how to do the same!

Emma von Weise was determined to take control of her finances at a very early age, getting her first job at just fourteen years old and saving money at every opportunity. This allowed her to not only escape college debt-free but also build a $99,000 net worth, a figure that will make her Coast FI until retirement—which isn’t on the radar anytime soon! Using her newfound financial freedom, Emma has built her “dream” life by working in a field she loves and taking plenty of time off to travel.

In this episode, Emma shares about all of the different jobs and side hustles she took up to supercharge her savings, as well as several creative “hacks” she used to help fund her college tuition. She also talks about some of the pivotal moments that shaped her views on personal finance, such as discovering the power of compound interest and finding an entire support system through the FI community!

Show Notes at:
https://link.chtbl.com/Money
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BiggerPockets Money Episode 474 – Mindy and Scott’s Favorite Sleepaway Camp for FIRE Chasers:
https://www.biggerpockets.com/blog/money-474?utm_source=youtube&utm_medium=description&utm_campaign=none
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BiggerPockets Money Episode 449 – Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings:
https://www.biggerpockets.com/blog/money-449?utm_source=youtube&utm_medium=description&utm_campaign=none
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BiggerPockets Money Episode 323 – Coast FI: The Calculated Way to Retire Early WITHOUT Giving Up What You Love w/Jessica from The Fioneers:
https://www.biggerpockets.com/blog/money-323?utm_source=youtube&utm_medium=description&utm_campaign=none
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Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

01:18 Working & Saving at 14!

07:32 Taking Control of Her Finances

10:52 Buying Used Cars

15:32 Creative Ways to Fund College

23:28 Learning to Invest

30:12 Joining the FI Community

37:48 $99K Net Worth at 24!

45:07 The Power of Coast FI