Would you be able to pay off $200,000 of your mortgage in 5 years?

Julian discovered FIRE in Graduate school, and this is what pushed him and his wife to pay off their debt in such a short time-frame. They are very disciplined, although they always allow space for luxuries. They currently use rental properties and a very high savings rate to reach their FI goal.

You'll love how inspiring that story is.

We also chat about...

Their ideal FIRE journey Their budget and luxuries they allow How they use real estate to increase their wealth How they cook regularly The obstacles when talking about FIRE within the African American community

Enjoy this chat with Mr Rich and Regular, and please subscribe to us in iTunes if you enjoyed it!

Show notes and links from today's episode

Instant Pot Blog: Rich and Regular Mr Rich and Regular on Instagram, Facebook and Twitter FIREDrill Podcast Facebook Group

Key takeaways from our chat with Rich and Regular 1 - FIRE is about doing more Mrs Regular explains her ideal FIRE life means doing more of what she loves. This means more giving and helping, more travel and more time solving the problems that really matter: poverty, climate change and others. 2 - The small luxuries are important too Although they are very disciplined with their budgets and save 50-70% of their income, Mr Rich and Regular always allow space for luxuries; a $3 soap instead of a $1 one, good and healthy food and the right gadgets. They also plan on moving to bigger house since their kid is taking up a little more space than they expected. 3 - There are obstacles to reach FI in the African American community Mr Rich and Regular explain the attitude of their close family and friends when they talk about FI with them. Because of the harsh history, their family always expects them to help out since the community of taking care of each other is still there. Most don't understand the dream of FI and how to get there. Questions? Like or dislike? Leave us a comment! Want to support the podcast? Here are three things you can do. 1. Start tracking your net worth with Personal Capital using our link. It's free. 2. Subscribe to our YouTube Channel and get one extra LIVE episode from us per week. 3. Join our Facebook group and connect with other members of the FI community.