052 | Buy Your Freedom

The key 5-Steps to take to Buy Your Freedom in your 30’s.

1. College [Episode 44]: Commute from home, Go to your Community College the first two years.
2. Cars [Episode 19]: Buy a Used Reliable Car that meets these criteria:
       * $5,000
       * One owner, with maintenance records
       * 60,000 miles
       * Japanese make
       * 6-10 years old
       * 4 cylinder subcompact car
       * Hatchback
3. Housing [Episodes 5,39]: Live at Home, Be or Get a Room Mate, House hack, Airbnb a portion of home, Live in a car.
4. Saving Habits [Episodes 4, 17]: Automate your investments. $500/month to your Roth IRA (Vanguard, Target Date Retirement Fund). Meet the Match of your Employer, and try to max out 401K.
5. Spending Habits [Episode 22]: Measure your expenses, Set a Cash Out of Pocket Budget.

If you do all these things there is no reason why you couldn’t be financially independent by your 40’s if not your 30’s.

Links:
* https://www.famvestor.com/052
* Finja Spreadsheet: https://www.famvestor.com/Spreadsheet
* Retirement Accounts: https://www.famvestor.com/roth
* Car Buying: https://www.famvestor.com/cars
* Housing: https://www.famvestor.com/metalhorseproperties/
* DoD SMART Scholarship: https://www.famvestor.com/smartscholarship/