126- How She’s Building a $500,000 Portfolio & Retiring Early at 30 Years Old (w/ a Purple Life)

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This week’s Journey to Launch podcast episode is one you don’t want to miss! I’m talking with Purple from A Purple Life about how she plans to retire at 30 and live off only $18,000 a year. In 2015, Purple started her blog to track her journey to financial freedom and early retirement. Thanks to her efforts to decrease spending, increase her wages, and geo-arbitrage, she is on her way to retiring in 2020. In less than four years she went from a net worth of $5,000 to over $350,000. Check out the episode to hear how she is living on her budget without sacrificing the fun things she loves.

In this episode you will learn:

  • How to budget your money and apps that can help
  • The importance of saving for retirement and securing your employer’s match
  • Ways to save your first $100K
  • What is geo-arbitrage and how it can jumpstart your path to FIRE
  • How to demand a higher salary, and so much more

Other related blog posts/links mentioned in this episode:

Purple admits saving her first $100,000 was a big milestone. But once accomplished, doubling and tripling her money happened in much less time. Here is one way to save your first $100K too. Here are more ways to save 100K.

Be like Purple and get paid for taking pics of “Help Wanted” signs with the Job Spotter app by Indeed.

Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode.

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Connect with Purple Life:

Instagram:@apurplelife

Facebook:@apurplelife

Twitter:@apurplelifeblog

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Instagram: @journeytolaunch

Twitter: @JourneyToLaunch

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128 episodes