DiscoverBiggerPockets Money Podcast557: Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38
557: Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38

557: Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38

Update: 2024-08-23
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Have you ever made a poor financial decision? You’re not alone! But can a bad blunder disqualify you from FIRE? Today’s guest made a huge investment at the worst possible time, a move that had consequences a decade later. Despite this, he was still able to reach early retirement in just fifteen years!


Welcome back to the BiggerPockets Money podcastRyan Connell had a picture-perfect start to his financial independence journeysaving money at a young age and living well below his means. But then 2007 arrived, and Ryan made the “worst financial decision” of his life. He bought a house just weeks before the housing market began its historic collapse. But a move that could have derailed his quest for FIRE proved to be a minor setback because Ryan was still able to retire at the age of thirty-eight!


In this episode, you’ll learn why you should treat real estate as less of a “sure thing” and more like the stock market. Ryan discusses his current portfolio, which consists of 100% index funds, and what led him to pivot from real estate investing entirely. He even gives us a peek into the average day as an early retiree and shares why he has never had a FIRE number!


In This Episode We Cover

How Ryan rebounded from his “worst financial decision” to reach FIRE at thirty-eight

Real estate versus stocks and why you don’t need properties to retire early

Why time in the market is still more important than timing the market

Whether you can reach financial independence without stress and sacrifice

How to enjoy retirement with less productivity and more “negative time”

And So Much More!


Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Find an Investor-Friendly Agent in Your Area

Find Investor-Friendly Lenders

BiggerPockets Money Group

Check Out Ryan’s Camp FI Talk

Buy the Book “Rich Dad Poor Dad"

See Mindy and Scott at BPCON2024 in Cancun!

BiggerPockets Real Estate 955: BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate


00:00 Intro

02:02 Buying a House...in 2007

09:42 Digging His Way Out

18:46 Ryan’s Journey to FIRE

28:25 Saving TOO Much?

35:00 Life After Early Retirement

40:49 Find Freedom Faster!


Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-557


Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com

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557: Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38

557: Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38

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