You're A Millionaire! Now What? | Bigger Pockets Video

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You’ve done it, “I’m a millionaire!” That’s right, scream it from the rooftops. You’re closer than ever to achieving FIRE (financial independence, retire early), but what do you do now? You’re managing a serious amount of money, and the risks that got you to your first million could also bring you below the seven-figure threshold again. How do you ensure you grow your wealth to reach your FIRE number? Mandy and Trent are here to help!

Sorry, we meant Mindy and Scott are here to help! If your ultimate goal is FIRE, not becoming a hundred-millionaire, we have some tips for you.

The next steps you take after becoming a millionaire have to be carefully planned so you can reach FIRE on your timeline. There are growing risks in the markets, with stocks looking extra volatile, and a downward shift could throw your entire FIRE plan off track. DON’T lose your progress—the wealth-building game has changed now that you’re here and need to change with it.

This is NOT financial advice.

00:00 You're a Millionaire...Now What?
01:40 When We Became Millionaires
05:11 Tracking Your Net Worth
06:35 The “New Millionaire”
08:42 Building vs. Preserving Wealth
13:20 The FIRE Portfolio
17:51 Avoid the “Middle-Class Trap”
19:36 How Much Cash to Have
21:20 This Could RUIN Your FIRE
27:18 The "Game" Shifts
29:18 This is NOT Financial Advice