535: Achieving FIRE in Her 40s By Taking "Calculated" Risks

BiggerPockets Money Podcast

What would it take for you to achieve financial freedom? Now, think about what it would take for you to achieve it for your family. Many of us have parents we’ve seen work day in and day out, providing for us when it meant putting their dreams on the back burner. But what if you could repay your parents for all they’ve done for you, helping them retire and ensuring they can truly live the life they love without worrying about money? That’s exactly what today’s guest did for her mother and herself.

After her parents divorced when she was a teenager, Delyanne Barros began what seemed like a two-decade-long non-stop grind. Fearing what would happen to not only herself but her family if she didn’t provide, Delyanne chose to go to law school to not only help those in need but also bring home a steady paycheck that would support her and her mother. After realizing that the nine-to-five grind wasn’t what she thought, Delyanne began searching for a way to get into a better financial position. As a result, she found the debt-free and the FIRE movements.

Now, only in her early forties, she’s already started a business that brings in millions, retired her mother, achieved financial freedom, and did it all just within six years of finding the FIRE movement. Her biggest tip for success: Take a calculated risk and bet on yourself! If you want to find FIRE like Delyanne did, don’t skip this one!

In This Episode We Cover

When it’s worth it to quit your “dream job” to start your own business and bet on yourself

Supporting your family and retiring your parents BEFORE they’re sixty-five years old

Why even lawyer salaries often can’t afford you the life you want to live

Paying off huge student loan debt and why you SHOULD invest before you’re debt-free

The importance of investing EVEN when the market is dropping fast and you’re feeling fear

Why you DON’T have to be self-employed to achieve FIRE (but you DO need to take risks)

And So Much More!

Links from the Show

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Property Manager Finder

What Is the FIRE Movement?

How to Calculate the Risks Before Investing

The Mad Fientist on Early Retirement in Your 40s and 4% Rule Updates

From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street

00:00 Intro

01:10 Supporting Her Family as a Teen

07:34 Why Law School?

14:15 Finding FIRE and Switching Gears

21:50 Watching the Market Crash

27:37 Quitting Her High-Paid Job

35:35 Can W2 Workers Achieve FIRE?

39:19 Retiring Her Mom

41:44 Best FIRE Advice

42:54 Connect with Delyanne!

43:24 Take a Risk!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-535

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