Alex Preziosi wants to reach financial independence by the age of forty-five, and with several hundred thousand dollars in retirement accounts, brokerage accounts, and savings, she’s on pace to do just that. But now, she’s thinking about quitting her W2 job. Can she still hit her FI goal? Today’s guest has good problems, but problems, nonetheless!
Welcome back to the BiggerPockets Money podcast! Since we last spoke with Alex, she has made two major leaps on her journey to financial independence. First, she has taken up house hacking, which pays for most of her mortgage in an expensive area of the US. But that’s not all. She has also grown her side hustle as a real estate agent into a full-fledged business, where she now earns more than she does at her W2 job! These moves have only widened the gap between her income and her expenses, and, as a result, she’s sitting on an even bigger pile of cash.
Now, Alex finds herself at yet another crossroads. Is her W2 holding her back? Should she pursue full-time entrepreneurship while she has such a strong cash position? Stay tuned as we dive into the numbers and try to figure out Alex’s best path to FI by forty-five!
Mindy:
Today’s Finance Friday guest is a repeat. She’s returning to the show. Last year Alex joined us on episode 395. She was at a fork in the road whether she should invest her large cash savings into real estate or the stock market. In today’s episode, we’ll hear an update on her financial position and how she’s now reached a new crossroads and might finally be able to leave her W2 and five before 45. Let’s find out today. Hello, hello, hello and welcome to the BiggerPockets Money podcast. My name is Mindy Jensen and with me as always is my blueberry loving co-host Scott Trench.
Scott:
Thanks, Mindy. Great to be here and really excited to jam out with you. Right, that’s a good intro related, related intro right there. BiggerPockets has a goal of creating 1 million millionaires….