Just a short while back, Marisa Mae was caught in the paycheck-to-paycheck trap, her credit cards stretched to their limits with no emergency savings to speak of, all while wrestling with constant financial stress. Today, she’s on a clear path to retire as a millionaire. Her secret? Mastering the art of debt repayment without succumbing to severe frugality. Marisa managed to eliminate five-figure consumer debt, not by cutting out her cherished coffee runs, but by smart financial planning. Isn’t that supposed to be a big FIRE faux pas?
Marisa’s turning point came at rock bottom—stranded without a place to stay or a dollar to her name. But instead of going back to restrictive budgeting and punishing herself for her overspending, she built a financial plan that worked specifically for her.
Now, Marisa is ready to show others that achieving financial freedom, eradicating debt, and even starting to invest can all happen WITHOUT cutting everything enjoyable out of your life. If you’re battling to escape bad debt, Marisa’s approach could liberate you faster than you think—even if you struggle to find financial balance.
In This Episode We Cover
How Marisa went from a financial “mess” to being on track to become a millionaire in retirement
The spending hack that allows you to treat yourself WITHOUT going over budget
Why you CAN invest while paying off debt (and the right way to do it)
Why taking on good debt to grow your business/side hustle isn’t a bad thing
The “slow” path to becoming debt-free that is MUCH more successful than the beans and rice diet
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: Mindy@biggerpockets.com
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Information
- Show
- Channel
- FrequencyUpdated twice weekly
- Published18 October 2024 at 09:00 UTC
- Length32 min
- Episode573
- RatingClean