How “Regular” People Can Achieve FIRE (Early Retirement) by 40! | Bigger Pockets Video

Episode #663
~~~
Episode Show Notes: link
~~~
Connect with Cody Garrett: link
~~
Connect with Scott and Mindy:
Scott: link
Mindy: link
~~~
Follow BiggerPockets Money on Social:
Facebook: link
Instagram: link
~~~
On this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench are joined by Cody Garrett, a musician turned financial planner who discovered the FIRE (Financial Independence, Retire Early) movement seven years ago. Now just four years away from his own financial independence, Cody shares his journey, mindset shifts, and practical steps towards early retirement.

Cody delves into his approaches to portfolio theory, the critical importance of avoiding lifestyle inflation, and his philosophy on building additional income streams through business ventures. As both a practitioner and advisor, he breaks down his personal financial strategies while explaining how he helps clients navigate their own early retirement journeys.

Whether you're considering a career pivot, looking to optimize your FIRE timeline, or seeking guidance from someone who's actually walking the path, this episode delivers actionable insights from someone who truly understands both sides of the FIRE equation.

00:32 Meet Cody Garrett: From Musician to Financial Planner
05:36 Strategies for Wealth Building and Avoiding Lifestyle Creep
09:22 Accelerating Financial Knowledge
10:46 Transitioning Careers
12:38 Income Growth and Business Ventures
16:30 Cody's FIRE Number and Future Plans
18:30 Portfolio Strategy and Entrepreneurial Insights
22:21 Entrepreneurial Financial Strategies
22:51 The Importance of Flexibility and Liquidity
24:10 Tax Optimization vs. Liquidity
27:39 Investment Strategies and Risk Tolerance
33:50 Financial Planning for Early Retirement
41:19 Choosing the Right Financial Planning Services
44:20 Connect with Cody!