67 min listen
111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom
111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom
ratings:
Length:
66 minutes
Released:
Feb 10, 2020
Format:
Podcast episode
Description
On episode 110, we interviewed A Purple Life. As she was sharing her story of financial independence, she casually mentioned that her mother didn’t start investing until later in life, and STILL managed to retire at age 55!So this week, we’re talking to her mother - who has her own amazing story of early retirement which she was able to accomplish even though she didn’t START investing until she was 40!Momma Purple shares her pragmatic approach to money in general - buying what you need, trying to make repairs instead of buying something new, sticking to a budget and banking bonuses instead of spending them.Momma Purple is also a big advocate for having multiple, passive income streams like rental properties and a pension.Hear her story of weathering TWO market crashes during her investing journey, taking immediate action when she discovered her money was in the wrong investment, and how fabulous her life is now, after retirement.In This Episode We Cover:Momma Purple's journey with moneyHer life looks like when Purple was bornHow she managed her money and able to save up so much as a single momThings that changes her practice with money after the conversation she had with her colleagueHer 10-year plan to early retirementTalking about her investing journeyWhat she do the moment she was retiredHer advice for older listenersAnd SO much more!Links from the ShowPersonal CapitalMindy's emailScott's emailBiggerPockets Money Facebook GroupBiggerPockets Money SurveySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 10, 2020
Format:
Podcast episode
Titles in the series (100)
#02: An All-Out Approach to Financial Independence at an Early Age with Scott Trench: Scott Trench wanted something more out of life, so he grabbed it by the horns and pointed it in the direction HE chose. By accumulating a large financial runway through a 50% savings rate on a median income, he gave himself the courage to take... by BiggerPockets Money Podcast