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Episode #632 Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp Episode Show Notes: https://lnk.to/biggerpocketsmoneyYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Get to FIRE Faster with “Set for Life”: https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media Sign Up for the BiggerPockets Money Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch BiggerPockets Money 74 - Making Money From a Legitimate Side Hustle With Mark Wills: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-74-making-money-legitimate-side-hustle-mark-wills?utm_source=youtube&utm_medium=description&utm_campaign=none Want to FIRE in 2025? How to Prepare for Early Retirement w/Emma von Weise: https://youtu.be/7cZ8-eCcHuo?si=qw-hpS71PiVRICeq How to Access Retirement Funds Early: https://www.madfientist.com/how-to-access-retirement-funds-early/ Connect with Amberly: https://www.biggerpockets.com/users/amberlygrant?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none Most people chasing FIRE (financial independence, retire early) are doing it all out of order, and it’s costing them years of financial freedom. So, we thought, “What’s the fastest way to achieve FIRE, and which steps would you take if you were starting from scratch?” Today, we’re bringing you a supercharged financial independence plan, sharing the exact financial order of operations that’ll take you from a $1,000 emergency fund to fully-fledged early retirement. We know the steps because we’re reverse-engineering our own paths to financial independence, and we WISH we had done some of these earlier. If you’re a beginner in the FIRE movement, start here and work through these steps to FIRE the fastest. If you’re close to FIRE already or at a significant financial milestone, don’t worry. We have tips you can use right now to retire earlier and avoid the “middle-class trap” that kills so many FIRE dreams. We’re going through retirement accounts, emergency funds, cash-flowing investments, and side hustles to help you earn more. Plus, what to do once you make TOO much money to invest in tax-advantaged retirement accounts. 00:00 Intro 01:38 The BASIC Financial Foundation 08:11 Start Tracking Expenses 11:10 Calculate Your FIRE Number 13:50 Roth vs. Traditional Accounts 16:21 Backdoor Roths (for HIGH Earners) 18:05 HSAs (Health Savings Accounts) 20:42 Brokerage Accounts and Real Estate 23:00 Cash Flowing Side Hustles 25:13 Start Stockpiling Cash 26:55 You’re Retired! Now Do THIS.