Episode #504

If you want to reach early retirement, especially in your thirties, you’ll need to take some big risks. Today’s guest turned down what would have been a dream salary to many people, choosing to work for himself while making close to a third as much as a job would have paid him. He put in the time and sweat, making just enough money to survive for over a decade, living as frugally as he could so he could roll everything back into his business. Then, overnight, he became a multimillionaire. And guess what? You can, too.

One day, at the age of thirty-four, Jeremy Schneider found himself $2,000,000 richer than he had been the day before. He had successfully sold a company he’d been building for a decade, making him, his family, and his employees wealthy in the process. Then, he did what every burnt-out founder does: travel the world, play volleyball and video games, and get some much-needed rest. But soon after, he decided to return to work, focusing on something much more important.

In this episode, Jeremy gives a masterclass on the right way to build your business, how to sell it for millions more than you were originally offered, and exactly what you should do with the money afterward to STAY financially free.

Show Notes at:
https://link.chtbl.com/Money
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Past Episodes Mentioned in Today’s Show:
Michael Kitces: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-120early-retirementasset-allocation-safe-withdrawal-rates-michael-kitces?utm_source=youtube&utm_medium=description&utm_campaign=none
A Purple Mom: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-111-purple-mom?utm_source=youtube&utm_medium=description&utm_campaign=none
Life Insurance (Joe Saul-Sehy): https://www.biggerpockets.com/blog/biggerpockets-money-podcast-139-joe-saul-sehy?utm_source=youtube&utm_medium=description&utm_campaign=none
Whole Life Insurance (The White Coat Investor): https://www.biggerpockets.com/blog/money-390?utm_source=youtube&utm_medium=description&utm_campaign=none
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Lump Sum vs Dollar Cost Average Calculator:
https://www.personalfinanceclub.com/lump-sum-vs-dollar-cost-average-calculator/
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Grab the Book “Die with Zero”:
https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/B089MFKS77/
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Connect with Jeremy:
Instagram: @personalfinanceclub or https://www.instagram.com/personalfinanceclub/
LinkedIn: https://www.linkedin.com/in/jerschneid/
Nectarine: https://hellonectarine.com/
Website: https://www.personalfinanceclub.com/
X/Twitter: @perfinclub or https://twitter.com/perfinclub
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Connect with Scott and Mindy on BiggerPockets:
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


00:00 Intro

01:16 Early Retirement at 36

03:47 Selling His Company for Millions

07:37 Saving Money Making $36K/Year

09:10 The $1,000,000 Tax Bill

11:47 Negotiating the Sale

17:07 Investing and Spending His Money

22:01 Spending $2M at ONCE

26:07 Quitting Work and Bumming Around