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Is it possible to FIRE as a single person?
Want to have financial independence as a single person but not sure how? On this Queer Money® podcast, we discuss how to get FI/RE as a single person. Make financial independence easier by paying off high-interest rate credit card debt. So, get the 7-Step Credit Card Debt Slasher here.
You can FI/RE without a partner
While it might seem easier to achieve financial independence and retire early if your household has two or more incomes, the fact is that single people can and do reach FI.
In some ways, it’s actually easier for singles to join the FIRE movement.
Jeff Underwood is the creator of Homo Money, an LGBTQ personal finance blog where he spills the tea on money ‘so it ain’t boring AF.’ Jeff also happens to be a single gay man who’s achieved financial independence and is set to retire at 55.
On this episode of Queer Money®, Jeff joins us to share his struggle to find a job during the Great Recession (right after his Honorable Discharge from the Navy) and discuss the steps he’s taken to build a net worth of $750K since then.
He offers advice to queer folks who feel financially hopeless, challenging us to reprogram our mindset and surround ourselves with positive messages about money.
Listen in for insight on Jeff’s Hustle-Own-Money-Opulence formula for achieving financial independence and find out what it looks like to FIRE as a single person!
Hear from Jeff Underwood about creating FI/RE as a single person:
Topics covered on FI/RE as a single person
- Jeff’s struggle to find a job in 2007 after his discharge from the Navy
- Why it’s crucial to surround yourself with positive messages about money
- Jeff’s advice for young queer kids who feel financially hopeless
- How Jeff got involved in the Financial Independence Retire Early movement
- The steps Jeff took to build a net worth of $750K and achieve Coast FI
- Jeff’s long-term plan to retire at 55 with Fat FIRE
- What it looks like to achieve financial independence as a single person
- The advantages single people have when it comes to achieving FI
- Why it’s more challenging for couples to FIRE if their goals are not aligned
- How Jeff developed the idea behind Hustle Own Money Opulence
Connect with Jeff
Resources for FI/RE
- 7 Different Types of FIRE on Queer Money® EP285
- CreditWise
- 7-Step Credit Card Debt Slasher
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Queer Money Facebook Group
- Queer Money on Instagram
- Debt Free Guys on YouTube
- Subscribe on iTunes
- Email [email protected]
Watch below rather than listen to this Queer Money®:
How can you get more Debt Free Guys and Queer Money®?
✅ Subscribe to the Queer Money® podcast here @ debtfreeguys.com/qm
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Get more help to FI/RE:
- 22 Way Gay Retirement Communities + Tips for Your Gold Years
- How to Pay Off Credit Card Debt in 2022
- 7 Different Types of FI/RE