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Chasing Financial "Stability" After $100K+ in Debt and Layoffs
Manage episode 457715070 series 2566047
Got debt to pay off? You might relate to Leo, a personal finance journalist who’s focused on financial stability over FIRE—at least for now. With six figures in student loans and credit card debt, Leo found themselves in a tough spot after being laid off with no safety net. Determined never to end up in that position again, they began chipping away at their debt, working toward financial peace of mind instead of a relentless grind to early retirement.
Leo shares why their approach to financial freedom is different. While they don’t want to wait until sixty-five to retire, they’ve crafted a “wealth plan” that balances paying off debt, building a safety net, and creating a better life today.
In this episode, Leo dives deep into budgeting tips, debt repayment strategies, and the unique financial challenges faced by LGBTQ+ individuals. Tired of the all-out grind to FIRE and want “financial stability” instead? Leo has just what you need!
In This Episode We Cover
Why financial stability can be just as important as the FIRE grind
Leo’s practical strategies for budgeting and paying off six-figure debt
How to create a wealth plan that supports your life—even while tackling debt
The sacrifices worth making (and the ones that aren’t!) in your financial journey
Why an “accountability buddy” is a cheat code for achieving your financial goals
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Get Your Finances in Order with “Set for Life”
Find an Investor-Friendly Agent in Your Area
How to Pay Off Credit Card Debt FAST
00:00 Intro
03:41 Serious Credit Card Debt
06:26 Feeling Financial Shame?
08:40 Paying Down Six-Figure
10:33 Wealth "Planning"
13:37 Budgeting Their Debt Payoff
15:52 Financial Stability > Independence
20:06 Does FIRE Change You?
22:10 Best FIRE Advice?
26:23 Connect with Leo!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-593
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
604 에피소드
Manage episode 457715070 series 2566047
Got debt to pay off? You might relate to Leo, a personal finance journalist who’s focused on financial stability over FIRE—at least for now. With six figures in student loans and credit card debt, Leo found themselves in a tough spot after being laid off with no safety net. Determined never to end up in that position again, they began chipping away at their debt, working toward financial peace of mind instead of a relentless grind to early retirement.
Leo shares why their approach to financial freedom is different. While they don’t want to wait until sixty-five to retire, they’ve crafted a “wealth plan” that balances paying off debt, building a safety net, and creating a better life today.
In this episode, Leo dives deep into budgeting tips, debt repayment strategies, and the unique financial challenges faced by LGBTQ+ individuals. Tired of the all-out grind to FIRE and want “financial stability” instead? Leo has just what you need!
In This Episode We Cover
Why financial stability can be just as important as the FIRE grind
Leo’s practical strategies for budgeting and paying off six-figure debt
How to create a wealth plan that supports your life—even while tackling debt
The sacrifices worth making (and the ones that aren’t!) in your financial journey
Why an “accountability buddy” is a cheat code for achieving your financial goals
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
Get Your Finances in Order with “Set for Life”
Find an Investor-Friendly Agent in Your Area
How to Pay Off Credit Card Debt FAST
00:00 Intro
03:41 Serious Credit Card Debt
06:26 Feeling Financial Shame?
08:40 Paying Down Six-Figure
10:33 Wealth "Planning"
13:37 Budgeting Their Debt Payoff
15:52 Financial Stability > Independence
20:06 Does FIRE Change You?
22:10 Best FIRE Advice?
26:23 Connect with Leo!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-593
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
604 에피소드
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