110: Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life

Purple graduated from college and got a job in New York City making $35,000 a year. And spending $35,000 a year. Her net worth was a whopping $5,000. Her partner shared the concept of financial independence with her, but she wasn’t interested.

Two years later, her net worth had grown considerably, but she was still not tracking her spending or paying attention to much of her finances.

So, she took a good look at her money situation and discovered that there were places she could make cuts—yet not really feel them.

She moved across the country, she changed jobs, she asked for raises. And she saved and invested her money.

And her net worth grew to the point that she is retiring before the end of the year and traveling the world—all because she looked at her financial situation and said, “I can do better than that!”

Listen in to hear just how she increased her income and decreased her spending to craft the life she wanted!

In This Episode We Cover:

Purple's journey with money

Her mom's gift

Deciding to seek financial independence

Convincing your partner to pursue FIRE

Purple's net worth

Tips for people who are looking for a new job and better income

The importance of research

Purple's plan in the future

What her retirement looks like

Possible downsides of remote work

And SO much more!

Links from the Show

Reddit

Mr. Money Mustache

Glassdoor

Indeed

PayScale

cFIREsim

BiggerPockets Money Facebook Group

BiggerPockets Money Survey

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