BiggerPockets Money Podcast

113: Single Hourly Employee with No College Degree and STILL FI by 40 with Bianca DiValerio

02.24.2020 - By BiggerPocketsPlay

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This week we sit down with Bianca DiValerio, a flight attendant who makes an hourly wage, has no college degree, experienced THREE short sales during the economic downturn, and yet is STILL financially independent—all before turning 40.

How did she do it?

She saved her money. She didn’t spend it on things that didn’t matter to her.

There is literally NO secret sauce to her story. In fact, she thought she had her future planned out! She had purchased three rental properties to provide a stream of passive income—only to lose them to short sale when unexpected special assessments of $5,000 each became too much for her to afford.

And yet, she saved her money. She didn’t spend it on things that didn’t matter to her.

And she dug herself out of the financial hole that the short sale pushed her into. She pulled herself back up and started her nest egg over, saving enough to pay cash for a unit in the same building, so she’d never lose her home again.

She’s turned that into a rental, lives in a caboose five months out of the year (yes, a TRAIN CABOOSE), and while she has enough money to never HAVE to work again, she enjoys her job, can literally choose when she works, and is living her best life.

Bianca is proof that you can recover from an unplanned financial catastrophe, thrive, and STILL reach financial independence—all before you turn 40. You just have to follow the proven path to financial freedom.

In This Episode We Cover:

Bianca's journey with money

How she avoid on having debt

The problem with not having a college degree

What happened after she got her job as a flight attendant

How she got into real estate

Her thoughts on investment

The importance of having cash reserves

Her credit score after her three short sales

The moment she came across the FIRE movement

Her experience living in a train caboose

Reasons to not quit your job

And SO much more!

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