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Email me at j@firedrillpodcast.com
Side Hustles | Real Estate | Financial Independence
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Podcast: Play in new window | Download (Duration: 10:04 — 18.9MB) | Embed
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Email me at j@firedrillpodcast.com
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Podcast: Play in new window | Download (Duration: 45:35 — 104.3MB) | Embed
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Popular Posts of Rachel’s:
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Rachel on Social:
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Podcast: Play in new window | Download (Duration: 40:36 — 92.9MB) | Embed
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We are Ali and Alison Walker, and we used to call Seattle, Washington our home. We met in 2004, married in 2006, and retired in 2018. After reaching Financial Independence we wanted a complete and total change from our career-focused lives. We decided that meant leaving our Seattle life behind and making travel our new lifestyle. By November of 2018 we had sold our home and car, let go of 99% of our belongings, and left Seattle to travel the world indefinitely.
https://alloptionsconsidered.com
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Podcast: Play in new window | Download (Duration: 40:33 — 28.1MB) | Embed
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Have you ever dreamt of pursuing a digital nomad lifestyle?
Eric started his digital nomad journey by joining a work travel program called Remote Year after saving up enough of a cash buffer. His plan is to continue working remotely after Remote Year is over and living a full on digital nomad lifestyle.
You’ll love that story.
We also chat about…
Remote Year is a work travel program that offers accommodation and co-working passes to a group of people who live a digital nomad lifestyle together. Although a little on the pricier side, Eric argues this is a great way to try the digital nomad life along with a community. He gets to meet a lot of interesting people from diverse backgrounds and several different skills, all while travelling and working on his side hustles.
Eric is using geoarbitrage to make his money last longer – by earning in a strong currency and spending in a weaker currency in cheaper locations. Him and his girlfriend get to save more money and travel more. He also uses travel rewards, and recently started a blog to document his journey and make some extra money.
Eric was working a high paying job but lacked work life balance. He was always a decent saver and made sure to max out his tax advantaged accounts and avoid lifestyle inflation. He treated his saving as a game, and made it a challenge at the end of every month to find ways to cut back and save more. The most important: finding what your why is. That’s his plan for the year ahead.
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Podcast: Play in new window | Download (Duration: 35:27 — 24.6MB) | Embed
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Mystery shopping might be the new travel rewards hack.
Johnny uses travel rewards and mystery shopping to go on holiday for free. Him and his wife are using rental properties to fast track their path to FI, with Johnny’s goal is to be able to take summers off by the age of 35.
You’ll love that story.
We also chat about…
Mystery shopping involves using a service for free and filling in a survey/review in return. This is usually done with restaurants, holidays and hotels. Johnny provides quality reports and literally gets paid to go on holiday or to eat a delicious meal at a restaurant. A new travel hacking technique?
The problem with many travel reward credit cards is that the minimum spend is pretty high, and that can put off some people, especially since you can’t pay bills with a credit card. Johnny and his family use a third party software that allows you to pay bills from your credit card, and if you don’t meet the minimum spend that month, you can prepay the bills or use a gift card. This is what allows him, his family and his in-laws to go on holiday to Jamaica at a resort, all for free.
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Podcast: Play in new window | Download (Duration: 21:52 — 15.3MB) | Embed
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One of the best ways to increase your income is to do a career transition
Caitlyn changed from sales in the beer industry to working as a software engineer. After an intense 6 months completing a coding bootcamp, she was able to find a higher paying job as a software engineer with a better work life balance and pretty much everything she was looking for in a job.
You’ll love that story.
We also chat about…
Caitlyn was working in the beer industry in sales, but wanted to work in tech. Her first step was researching bootcamps online and picking a bootcamp with good reviews and that wasn’t too expensive. She completed her bootcamp online since she didn’t have the patience or time to go back to school, and didn’t get into debt to pay for the course.
Her bootcamp was 6 months long. She started networking for jobs at the 4 month mark, and says this is what allowed her to find a job at the perfect timing. During her job search she researched different companies, did many interviews and used the skills she acquired working in sales to set her apart from other candidates. The personal connection she got from networking meant she was more likely to be considered for a job position.
Caitlyn believes bootcamps are a great option. They cost a fraction of what a college degree costs, allow you to work remotely and provide you with many more opportunities. Caitlyn used Twitter to connect with other tech people and commit herself to the challenge of learning how to code – she made a lot of friends and it helped her transition career. It’s important to network as well as complete the bootcamp – if that’s what you do, then a coding bootcamp is very much worth it.
Financial independence, Early Retirement, Real Estate investing and Six Figure Side Hustles are all topics discussed on FIRE DRILL. Download the FI Money podcast in iTunes, Stitcher, or your podcast app of choice. Learn more here.