Today we’re joined by twins Andy and Oliver who share more than just DNA. They share the ambition to achieve financial independence by age 45. Are they approaching FI the same way, or do they have different investing strategies? How exactly are they planning to break free from their 9 to 5 grind a full two decades before traditional retirement age? That’s what we are gonna break down in today’s episode.
Hello, hello, hello and welcome to the BiggerPockets Money Podcast. My name is Mindy Jensen and with me today is my darling friend, Amberly Grant.
Host: Hey Mindy, how you doing?
Host: I’m great. How are you doing, Amberly?
Host: I am wonderful. BiggerPockets has a goal of creating one million millionaires. You are in the right place if you want to get your financial house in order because we truly believe that financial freedom is attainable for everyone, no matter when or where you are starting. We are so excited to be joined today by FIRE devotees, Andy and Oliver. They are known as Twin Finances in the FIRE community and we can’t wait to break down their money story. Welcome, Andy.
Guest: Hey everyone, really excited to be here.
Host: Awesome. Welcome, Oliver.
Guest: Hey everyone, super excited to be here and talking to Mindy and Amberly.
Host: All right, Andy and Oliver, we met at Econome or FinCon first? I think it was Econome. Yeah, we met at Econome at Speed Friendshipping and then we saw each other again at FinCon. And we have finally connected and got together and I’m so excited to share your money story with our audience. So, first off, Andy, tell me how you discovered financial independence, the concept.
Guest: Yeah, yeah. Um, so I would say I first discovered it like um, after I got my first full-time job and I was just looking on Reddit actually. Um, just about like, you know, about personal the personal finance subreddit to be specific. And um, yeah, I just discovered that um, people kept talking about this FIRE thing. I had no idea what it was, but then, you know, after doing some research, um, yeah, I figured out what it was and then, um, long story short, now I’m here talking about FIRE on BiggerPockets Money.
Host: And how long ago did you discover FI?
Guest: Uh, I would say about six since like um 20, around 2019. So like about six years ago, I would say.
Host: Okay, how did COVID affect your investment strategy? Because it sounds like that was kind of, you were kind of new to investing and new to FIRE. Did COVID make you pause and say, ooh, maybe the stock market isn’t for me?
Guest: Yeah, that’s a great question. So um, actually I would say like, um, it actually didn’t affect me personally too much because I had read so much about, you know, just staying the course, um, not panicking when, you know, the stock market is falling. And I think this was really the first true test that I had. Um, but you know, having read so much about like, you know, FIRE from like, you know, books and like YouTube videos and from BiggerPockets, uh, I knew that like, you know, just staying the course and like really doing nothing, um, was the uh, simplest, was the correct thing to do. And so that’s what I ended up doing.
Host: Now, that is incredibly mature of you. Oliver, how did you discover financial independence?
Guest: Yeah, pretty similar story to Andy. Just when we got our first jobs, we knew that the next, we knew we need to save, but also kind of the next level was that investing piece. So that’s where we kind of had a gap and so, um, just reading different articles, blogs, Reddit, uh, just stumbled upon it as well. But also came across for Meet Sethi’s book and I think that kind of set up the foundation of like how to invest and what to invest in. So, pretty similar story there.
Host: Oliver, what is your FI number and when do you think you’ll achieve it?
Guest: I would say we’re at around 2 million and I would say shooting around 45 with kind of just some assumptions built in there. Um, still kind of earliest in the careers, so trying to not plan too far ahead, but want to have a goal to kind of be able to set some milestones along the path. So, I would say right around 2 million.
Host: What are those milestones that you’re thinking of setting so that you feel like you’re achieving your goals?
Guest: So I think the first is just, um, just kind of like the classic net worth, uh, tracker, so like 500,000, a million, like, um, and maybe probably a little smaller ones as well, but I think those are kind of the big ones that I’m just like kind of working towards. And then I think I would like to think, you know, it’s a steady progression, but I know life happens and, you know, in the future, eventually hope have a family, things like that. So that’s where I don’t want to be too rigid and be disappointed if I don’t make it by a certain date, but I think just kind of um, having those on the field of vision is kind of my goal right now, to make sure that I just stay the path.
Host: I love that you’re thinking about your future and how your goals and and your path may change a little bit because it sets you up for success instead of failure. I think a lot of people think that if you’re working towards 2 million and you don’t achieve it in the exact time frame that you set out, that you’re not doing good enough or well enough. And so it’s really nice to think in advance about the ebbs and flows of life and I can be someone like, I can talk to that because I recently had a child and the first year can just be like, who knows, very expensive, not expensive, it just depends on what’s going on, right? So it’s like, you got to be gentle on yourself for the path to FIRE. You’ll get there. It just might take longer or shorter than you anticipate.
Andy, what about you? Like, what’s your FIRE number and when will you achieve it?
Guest: Yeah, so just like Oliver, I would say, you know, it’s pretty similar. I think anywhere from like two million to two and a half, just because that gives us a, you know, with a 4% rule that gives us about like anywhere from 80,000 to maybe like, you know, 90,000 a year. But you know, um, just like Oliver mentioned as well, like we can’t really predict the future and like maybe 80,000 is like a good number to like to in today’s dollars, but you know, maybe in 20 years that might not be as much. So, uh, definitely like on a very similar mindset where I’m trying to be as flexible as possible, but I also like Oliver said like just to have a goal to make sure we’re aiming towards something. Um, but I, but yeah, just to make sure we stay focused and just eventually hit at least a minimum, I would say, that’s like a good goal, I feel like. And then, you know, who knows what will happen in 20 years, but I think that’s like the ultimate goal.
Host: I love it. Is that 80,000 a year based on your current spend or is it just a number you made up for the future?
Guest: Yeah, great question. Um, so I would say it’s just a number I made up for the future just because like, um, from how much I spend now from how much I would spend, you know, by the time I’m 45. I think it’s going be like drastically different. You know, we’ll definitely have a family by that time. We’ll have kids. So I’m sure my expenses will like definitely increase um, a good a good bit compared to like what I have what my current expenses are.
Host: How actively are you working towards FI? Is this something that’s constantly in your mind or is it kind of set it and forget it? I know that I want to save X percentage, so I do that and then I just live my life.
Guest: I would say I’m probably more on, more on the lenient side of that. Like in the sense of I def, I definitely like resonate with the set it and forget it. Almost in the thought of like I really, I hardly ever check the stock market just cause one, of course that’s, doesn’t help but two even like, even if I do it’s just really, I, I think to me, like day-to-day it just doesn’t bother me. I just know I’m not going to touch that money so there’s no point in looking at it. So I would say like, it’s definitely something in the back of my mind, but at the end of the day, it’s something like, I want to focus on the day-to-day stuff, so that’s where more of like, um, you know, meeting other people or just, um, you know, understanding high level like what my goals are, but I really got into like travel hacking and things like that just because that’s something more I can focus on now versus like later.
Host: Yeah, I absolutely love that answer. I am married to Carl and he checks it every day because that just brings him joy. I never check it because he checks it every day, why do I have to check it? And then of course he talks to me about it. Um, but if he’s gone for a week and we don’t talk about it, that’s okay. I have no control over what any of the stocks or funds that I own does on a day-to-day basis. So continuing, e- especially if it gives you anxiety, I think that if I sat there and watched it, I might start to get a little bit of anxiety. Oh, we’re down today. Oh, we’re up today. Ooh, we’re down today. Like, don’t, don’t bother. You don’t need it right now. So, you know, check in, like, how frequently do you check in, Oliver?
Guest: Probably not enough to be honest. Uh like, probably like once a week I’ll like take high level making sure that like, I think everything is like looks good, but honestly like, probably could do a little bit more, but again, trying to find that good balance of being able to just to not look at it too much but just stay on top of things and there adjustments that are needed, I can make those, but honestly, yeah, like I would say once a week, once every other week.
Host: Okay, now that’s, I, I was going to suggest, you know, once a quarter. When there’s a great big event in the stock market, maybe take a peek at it, but otherwise, like, look at it when it feels comfortable to you. If you start feeling really, really anxious about it, maybe you’re looking at it too frequently.
Host: Something to think about is if you would look at it every single week in a year, that is 52 times in a year. And I don’t know if we need to look at our investments 52 times in a year. So when I quantify it in a yearly basis, it sounds actually kind of absurd. Um, and there are people who do it every day. So then you’re like 365 days a year, you’re going to look at your accounts. That seems a little much. Now even once every two weeks, okay, like 25 times a year. That sounds like a little more, I guess manageable or interesting that you actually can see some change. So, anyways, that’s my quick thought on that is if you put it into like a whole year and what you’re spending your life doing, that I don’t know if I want to spend 52 times of my life pulling up my all of my different uh, brokerage accounts. Anywho.
Host: I love that. I love that so much. We have to take a quick break, but when we’re back, we will hear about how Andy and Oliver are incorporating real estate into their portfolio for a bit of diversification.
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Host: Welcome back to the show. Oliver, what is your current net worth?
Guest: Yeah, so I have it broken out between a couple of different brokerage accounts and investment accounts, but just to uh high level, I think it totals and of course it ebbs and flows with the stock market, but it’s right, it’s right around 190,000. So I have about 58,000 in my 401k. I have about 37,000 in my Roth IRA, 28,000 in my HSA, and then 52,000 in my high yield savings account. And I recently uh, participated in my company’s uh employee purchase program. So, I think it’s right around 6200 for that. And then my checking account, I have about 7300.
Host: Okay, I find it interesting that you have $52,000 in a high yield savings account. Is that your emergency fund? Or are you saving for something?
Guest: Emergency fund, but also I think in the, in somewhat in the near future saving for something. So potentially another rental property. So that’s something that I’ve just been, yeah, saving for there.
Host: Ooh, you said another rental property. Do you own a rental property right now?
Guest: Uh yes. So last year, I was able to pur- purchase my first rental property.
Host: Do you include the equity in that property in your net worth calculation?
Guest: Okay, sorry, I should have clarified. No, I did not just to keep it a little simpler. So I did not include that in those numbers.
Host: I like to include that because that is real, even more so than my home equity, although I do include my home equity in my net worth uh, calculations as well, because that is real money that is tied up in that house that if you sold, you would collect. So, uh, something to think about going forward. You might want to include that in your net worth. Okay, Andy, what is your current net worth?
Guest: Yeah, so I would say my current net worth is around like 400,000, but I’m also, I am including like the uh, equity into my like, like, and basically like how much I put into my like one investment property as well as my like primary residence. Um, so yeah, just like broken out like, um, like I have a traditional 401k have about like 75,000, my Roth IRA has about 51,000. My uh, HSA has around 20,000. My high yield savings account, uh, has around 26,000. Uh, my brokerage account has 21,000 and I have a checking account around 12,000. And then like for, um, one, for one of my rental properties, I put down like around like 95,000 and so I’m just include I’m just including just that in my net worth as well as my primary residence. I also put down about um, 97,000. So yeah, approximately it all equals around 400,000.
Host: Okay. Um, and you don’t have a large high yield savings account. Do you have a specific emergency fund?
Guest: Yeah, I would say, um, my emergency fund right now is my high yield savings account. Uh, just because I recently brought, bought my primary residence and so I’m just trying to rebuild it back up like at this moment.
Host: Okay, so Oliver has 190,000 in uh net worth and Andy has 400,000 in net worth. Um, broken out a little bit differently. I would be curious to see what the equity is in your rental and your primary, Oliver. I wonder that I, I bet those numbers are a lot closer than we actually, than are actually conveyed right here. So, just something to think about when you’re uh calculating your net worth. Your net worth is not necessarily your FI number. Um, your home equity is something that I consider as part of my net worth, but I don’t count it towards my FI number because I’m not going to sell my house to fund my lifestyle. I’m going to continue to live in my house. So I’m looking for different ways to calculate my FI number. Does that make sense?
Guest: Yeah, no, that makes sense and that’s good advice.
Host: Andy, what do you do for a living and where are you based?
Guest: Uh currently, uh I work as like a software engineer and I’m currently based in like Atlanta, Georgia.
Host: Excellent. Atlanta, um, is a high cost of living, low cost of living, medium? What do you think?
Guest: Uh, I would classify it as like medium. Like um, I don’t think it’s like a San Francisco or like a New York, but it’s also not like, um, like super cheap, uh, like other states. So, yeah, around medium cost of living I think.
Host: Yeah, from what I hear about it, it sounds like that. Lots of suburbs, um, just like a normal city in a sense. Uh, what about you, Oliver? Where are you based and what’s your career?
Guest: So I’m currently based in Ann Arbor, Michigan and I am a supply chain consultant.
Host: Excellent. Ann Arbor Michigan, large uh, university there. So high medium, low cost of living?
Guest: I’ll say it’s probably, um, closer to medium. So not the rent prices aren’t too crazy here.
Host: And are you two investing in your local community in regards to your rental properties or have you been investing out of state?
Guest: I would say it’s like more local. So, it’s like in a city that we grew up in. Um we both currently don’t live there now, but um we both have investment properties there.
Host: Oliver, do you have a property management manager for your investment property?
Guest: Yes, so we do. so I think we mentioned this in our notes, but um, currently our dad is actually a real estate investor and a property manager. So, he helps us take care of that.
Host: Wow, nice. Um, what, okay, big question for you. Did you always know that you were going to invest in real estate because you watched your parents do it or your s- specifically your father do it? Or was this something that you thought you would never do and then you just happened to find yourself in it?
Guest: I would say it’s something that, um, our yeah, definitely our parents have always ever since like, I don’t even know, middle school, high school, ever since we got our first thing job, it was always like, okay, the first thing you’re gonna do is like get a house as soon as possible. So it’s one of those things, it was kind of like, not an ingrained in a sense, but at the same time, it’s one of those things where your parents said you to do something, you don’t really want to do it. So it wasn’t something I ever took seriously. Like, we were probably getting paid like $10 an hour at our first job. So I’m like, Dad, I can’t even, I can’t even afford to go eat out, like let alone like worry about saving for a house. So it was more of like, okay, yeah, sure Dad, we’ll do that eventually. And then I think it was once we finally got our first, like, full-time jobs, our parents, like I mentioned, they weren’t in corporate or anything. So I knew they didn’t really understand like the 401k, Roth IRA, things like that. And so we kind of knew we had to take it upon ourselves to kind of just like uh learn as much as we could. And so that’s where we’re kind of like again, like we mentioned earlier, got into FIRE and just learn more about that and kind of going down that rabbit hole, we of course heard about BiggerPockets and then learn more about how real estate was a was actually a really good investment pro- investment asset. So that’s where it definitely helped at that point where we told our dad about it and he was definitely on board. So I think it worked out really well in the end.
Host: That’s really cool. Um, Andy, what about you? Did you think that you would be investing in uh real estate or were you also like, mmm maybe, but not really?
Guest: Yeah, I would definitely say, um, yeah, I I definitely did plan on investing in real estate just because, you know, our parents like were heavily involved in real estate, um, and they made their whole career out of it. So, it seemed like a very natural progression, um, to like continue investing in real estate. So yeah, I I did plan on it.
Host: Awesome. I feel like my kids will be like you too. They’ll be like, what, what am I doing here? You know, am I going to invest in real estate? Am I not? We’ll probably put them to work in the properties, so they’re going to learn a lot, but then they might resent us for it. Who knows? Um, but I love that you guys came back to it and Andy, you were always planning on doing it, but Oliver, you came back to it and you’re actually investing in properties and following in your parents’ footsteps, yet also making your own path. So, great job.
Host: We have to take one final ad break and we’ll be back with more.
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Host: Thanks for sticking with us. Chad Carson is a really great example of, my dad made me do it and then I fell in love with it. Um, but I’m sure, I can’t think of anybody right now was like, oh, my dad made me do it, therefore I am never doing it. Like my kids, they hate the thought of a live in flip and they’re like, oh, when I grow up, I’m going to live in a house that’s already finished. I’m like, we’ve lived in finished houses. Like two or three years of your whole life. So that it it can be a little rough on the kids. Um, Andy, do you have an idea of how large your real estate portfolio you want to have? Do you have like a door count or a annual or monthly income before and and then you’ll stop buying rental properties or uh, how does your, how does your real estate portfolio play out?
Guest: Yeah, great question. Um, I would say as of right now, yeah, I don’t think I’m one of those people who want to own like 100 doors to be honest. Um, I think realistically anywhere from like, you know, like from five, like anywhere from like seven maybe to 15, like over the course of my life, I think would be a pretty good number. Just be just to give context as well, like we’re currently like investing in like long-term rentals. Um, and so at the rate we’re going, I think that’s like a pretty feasible number. Um, just because we’re like, you know, putting the whole 20% down and just like, um, yeah, just doing investment properties, so not doing any like, uh, live-in flips or in house hacking just yet. But um, yeah, that’s like, that’s like the current strategy.
Host: And Oliver, what about you? Do you have a uh, set amount or a set income level that you’re working towards?
Guest: Yeah, pretty similar answer. I want to say a set one, but I think whatever makes the most sense kind of in my situation now. So I think, like Andy mentioned, at the rate we’re going probably, uh, 7 to 15, but of course, just like earlier, like anything could change. So, I’m not super set on a number, but I think just having a good number just to be able to learn and understand kind of the process, um, is kind of what I’m shooting for.
Host: Okay. I was the community manager for BiggerPockets for six years and I was in the forums all day every day and I would constantly see people coming in. I am going to buy 100 doors. How many do you have now? None. Okay, that’s a great goal, but I don’t like these hard and fast numbers. I like these these ideas. Oh, I’m I’m going to buy until it doesn’t make sense to not buy anymore. I’m going to, you know, I am always looking for a deal. I’m a real estate agent. I have access to the MLS. I’ve set up a search for myself, any house in my city that pops up, I get a notification. So I keep my thumb on the pulse of the city that I’m working in, but also it like I drink my coffee in the morning and I go through all of the listings that popped up the night before. Oh, that’s a very interesting property. I don’t really have the bandwidth to do a flip right now, so, but I have a friend who wants to do flips. So maybe I’ll, you know, let them know that this is coming up. Or, hey, this looks like an awesome deal. I wasn’t even looking for one, but I just bought another house. Yay. So it’s, you know, when you have a a more loose idea of what it is you want, I think it’s you’re easier, it’s easier to pass on a house that isn’t quite great and it’s easier to jump on a house that you really love.
Host: I’m all about that philosophy Mindy. I always joke that the houses find me, I don’t find them. Um, and I’ve because I’m not a aggressive real estate investor, I think I’ve been able to wait for some seriously good houses. Um, so I’m all about a, you know, a a a goal and something to attain, but nothing where you’re, you know, setting all of your intention like, okay, I have to do this thing. All right, now that you two have an incredible base, you’ve got stuff in investments, you in like brokerages and stock market, you also have housing. Um, Andy, what’s your next step and where are you going from here?
Guest: Yeah, that’s a great question. Um, and I think that’s something I’m personally still trying to figure out. Um, but I would just say like a very high level, I’m just continuing just doing what I’m doing right now, which is investing like in index funds as well as continuing to invest in real estate. But I’m also trying to find a good balance between the two. Not sure if I want to go like, you know, uh more into real estate versus stocks or the other way around. But um, as of right now, I’m just trying to do it even just 50/50 split. But um, who knows? Maybe in the future, you know, if there’s a good opportunity, might focus more on real estate, um, or if you know, if the stock market crashes, uh might buy some more stocks when it’s cheaper. So, yeah, that’s like the general plan right now.
Host: Nice. Andy, are you more motivated by the FI or the RE?
Guest: I would definitely say the FI. Like, I I really enjoy what I do as my job right now. But um, you know, having the option to be uh FI, you know, would be amazing. So, definitely focus more on the FI part.
Host: Awesome. Oliver, first, are you more interested in the FI or the RE?
Guest: Oh, yeah, same answer. Definitely the FI. I think, um, I enjoy my job as well. So I’m for grateful to say that. I think it’s just one of those things, like in the future, like it would be, yeah, really nice to be able to like if I had to stop or for whatever reason take a break, it would be nice to be able to know that I could.
Host: I love it. And you’re working on something part time for both of you together. Um, whoever, Andy or Oliver, want to tell me about Twin Finance?
Guest: Yeah, no, Twin Finance is something that started, uh, I would say about like, it’s kind of been in the works past couple of years, but we started taking it, um, more seriously once we met, um, once we went to Econome and met all the other creators, but it’s just our current YouTube channel where we teach others like how to set up a an automated system within their finances. So we have a lot of tutorials such as like, um, pretty like simple or, pretty like simple things you would think, but it’s stuff like just how to transfer money from a checking account, how to set up automatic transfers, how to set up automatic investments, things like that. I think once we kind of got into the FIRE movement, we learned there’s a lot of people who tell you like what to do, but they don’t necessarily show you how to do it. Even if it’s something that you would think is straightforward. When I first, when we both first got into this, like I had no idea how to set up an automatic transfer. Like I just didn’t really uh, use like those websites too much like Charles Schwab’s and Fidelity and things like that. So we’re kind of, we wanted to create a resource that we wish we had when we first started. It was a lot of struggling for us and you know, of course, we eventually did figure out how to do all that, but it just been, it would have been really nice to have one place where you could find all that info. So that’s currently what we’re doing now and kind of our main focus, um, outside of like real estate.
Host: I love that. Uh, it took me 10 months to do a backdoor Roth IRA because I just could not understand how to do it and I didn’t understand any of the tutorials. So I had to have a friend come on Zoom and show me step-by-step how to do it. So, I would very much appreciate any tutorials you have in regards to uh, financial step-by-step guides. Thanks. Andy, anything to add there?
Guest: Uh yeah, not too, too much. But yeah, just to emphasize, yeah, like our channel is, is exactly that. It’s just really step-by-step tutorials on how to do everything like personal finance related. Like, and and just to give context on like why we started it, like I remember I procrastinated like opening up my first Roth IRA um, because I just didn’t know how to do it and I didn’t know what the steps were, even though like I went on a website and tried to do it. It was just like intimidating at first. And so I definitely just procrastinated for a while. But that’s actually what inspired us to like make the first couple of videos was just like, once I figured out how to do it, I just wanted to share with others like how to do the exact same thing, just to show them it wasn’t as difficult or intimidating um as like I as they might think. So.
Host: You totally hit the nail on the head there, intimidating. And then, then you do the first part but then you don’t do the second follow up for like another five months and then all of a sudden it’s a new year and you’ve lost the entire contribution room. Um, no, I haven’t done that. Yes, I have. Uh I am on your Twin Finances YouTube channel right now, which is youtube.com/ @twinfinances. There’s an S on there because there’s two of them. Um Charles Schwab, set up automatic transfers, uh Vanguard how to buy a mutual fund. If you don’t know anything about this, you could get on the Vanguard website and be like, well, maybe tomorrow. I can totally see how somebody would continue to push it off and push it off and push it off. And this is awesome. How to buy an ETF with Fidelity. How to buy stocks in your HSA in Fidelity. This is awesome. You’ve got the, your, your thumbnails are awesome because you’ve got the headline, if I don’t have Vanguard, I do everything in Fidelity. Great, I’ll just go on to the green Fidelity ones. Vanguard is red, Charles Schwab is blue. This is so awesome. How to view your IRA contributions, buy an ETF in one minute. If you are not uh savvy in how to do all of these things if you’re newer to financial independence, if your kids want a place to go to learn how to do this, youtube.com/@twinfinances. That is such a great tutorial. I love those so much. So, Andy, what is your biggest piece of advice to somebody who is just getting started today?
Guest: Yeah, so I would say my biggest piece of advice for someone who’s like starting from like the absolute beginning is just to try to simplify as much as possible. So just to give one specific example, like um I remember when I first started to set up like Mint my Mint account to like track all my finances, so like my income and expenses. Uh, I remember that, you know, there’s a lot of different features on that app, or there was anyway, um, like such as like budgets, um, your, you’re tracking income and expenses, like all these extra things. But um, I would highly recommend just sticking to a very simple process, at least at the very beginning and just adding on. And so to be a little more specific, like something I did at the very beginning was just to track only my income and my expenses. Like, um, I didn’t even focus on like, you know, trying to like use all these extra features just because I just wanted to get started and build a good habit. And then once I built that good habit, then I started to explore like, um, other features of like Mint. Um, but just to, to directly answer your question, I would say simplify everything whether it’s like tracking your income and expenses or even just like setting up automatic investments. Just likeConflict, um, just set everything up as like quickly as possible and just keep it simple and then afterwards just like get into the more advanced stuff. And that way you can at least make progress versus, if you try to jump in and try to do all these advanced things at the beginning, you might end up just procrastinating and like not doing anything. So that’s my one piece of advice.
Host: I love that. Oliver, what is your best piece of advice for somebody who’s just starting out?
Guest: Yeah, just to piggyback off that. The reason we, one of the reasons we started that YouTube channel, like we said, it was just because it’s very complicated at the beginning, but after reading Remeet’s book and just, it really resonated with the set it and forget it mindset, like I mentioned earlier, like I feel like I probably don’t look, probably don’t check my accounts and all that, like, um, enough. But I wanted to set up an automated system in a way like you actually just never have to look if you really didn’t want to. So I would say just setting up like the automatic transfers from your paycheck to your Roth IRA, to your 401K or HSA and things like that. I think it was a really key part and like I would just not check for a couple of weeks at a time and it would just see like the net worth go up and like, wow, I didn’t even realize. And it was just something, I think for me, someone who’s just like really lazy and, you know, I care about it enough, but I don’t care enough to check every single day. I think that was kind of the key for me. So that way I could focus on my other like interests and hobbies, like the YouTube channel and other things.
Host: All right, besides Twin Finances on YouTube, is there any other place people can find you online? Andy, I’m gonna have you go answer first.
Guest: Oh yeah, I would say uh one place you guys can find us is our website like twinfinances.com. Um, uh we just sorta we just started it, but um has just has some basic information about us, but you can find like more information, you can find like yeah, more information about us on our website. Oliver, any other place besides the website or the YouTube channel?
Guest: Yeah, I would say we have um TikTok and Instagram as well with the same uh tag. It’s not as active as our YouTube channel, but um, in addition to some of the other finance tutorials that we put on there, we also put some credit card tutorials. So, like I mentioned earlier, I’m just got into like travel hacking a lot in these past couple years. So to a similar perspective of kind of like the finance tutorials is we’ve put credit card tutorials so things of like how to transfer your credit card points from one program to another and how to kind of do the whole travel hacking as a beginner. So, I think our TikTok and Instagram mostly focus on that, but our YouTube channel has both of those combined.
Host: Awesome. And your TikTok is also Twin Finances?
Guest: Yes, that’s correct.
Host: Oliver, thank you so much for your time today. This was a lot of fun. I hope that everybody listening takes either the moment to go over to and check out your content on YouTube or shares it with somebody in their life that needs the beginner tutorials because that is priceless for getting started. It is so easy to see a complicated website and just say, uh nevermind. But getting into it, getting it done, I mean, how many times have you heard the story Amberly? Oh, I thought I was contributing to my uh Roth IRA, but it was the money was just sitting there because I never invested it anywhere. Um I’ve heard that story too many times. So, if you have a beginner in your life or if you are a beginner, check out youtube.com/ @twinfinances. All right, uh, Oliver, Andy, thank you so much for your time and we will talk to you soon.
Guest: Thanks for the time, I really appreciate it.
Guest: Yeah, really enjoyed it. Thank you.
Host: Yeah. Okay, bye bye. All right, that was Andy and Oliver from Twin Finance. Amberly, what did you think of the show?
Host: Absolutely loved it. I just love that they are pretty much documenting their path to starting new accounts, um, and simplifying their finances, which I think a lot of people can really benefit from. I also love that they have very similar ideas on what they’re doing for finance, but they have different jobs. Um, and though their FI number seems to be exactly the same, we’ll see how they end up in the next 20 years.
Host: I love that even though they’re twins, they have the same the same the same trajectory as everybody else in the FIRE journey. It’s it’s not like they’re doing the same thing because they’re twins. They’re doing the same thing because that’s what needs to be done in order to get to financial independence. Um, but like I said at the end of the show, I absolutely love their site. I, I love the the step-by-step videos that they share that just tells you how to go and do the thing because we sit here in these podcasts and we’re like, oh, it’s so easy, just open up an IRA. Well, it’s not actually so easy if you’ve never done it before if you don’t know what you’re doing. And muddling through can be the the stopping factor when you’re trying to get this, this whole thing started. Ugh, I can’t figure it out, forget it. I’m not even gonna bother or I’ll try next week. And then next week never comes. So, I love that they’ve got the step-by-steps. That wraps up this episode of the BiggerPockets Money podcast. She is Amberly Grant. I am Mindy Jensen saying jump that hurdle, turtle.
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