FIRE at 49 as a Single Mom on a Middle-Class Salary

Episode #525

Think it’s too late for early retirement? Do you feel like just because you’re in your late thirties, forties, or fifties, FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds by retiring over fifteen years early, all while raising her daughter on her own and without a six-figure salary to sail her swiftly to a million-dollar net worth. Plus, she did all of it with no investing experience. If Jackie Cummings Koski can do it, so can you!

Jackie grew up in a single-parent household. Her father worked hard to support her and her five siblings. This instilled a strong work ethic in Jackie and made her realize that running towards hard things, not away from them, was the true path to success. She figured out college on her own and, shortly after, landed a corporate job that took her far away from the small town she grew up in. She got married and had her daughter, but then everything changed.

Jackie was getting divorced, forcing her to rely on herself fully for her financial future. In true Jackie fashion, she took this as a challenge and began educating herself as best as she could. Through smart saving, spending, and life-changing investing decisions, Jackie built her wealth in record time, reaching financial independence just ten years after finding the FIRE movement—all without any advantages!

Show Notes at:
https://link.chtbl.com/Money
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
~~~~
Join the BiggerPockets Money Facebook Group:
  / bpmoney  
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Money Podcast 154 - Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More:
https://www.biggerpockets.com/blog/bi...
~~~~
Email [email protected] for the Full 4% Rule Article!
~~~~
Money Podcast 344 - Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions:
https://www.biggerpockets.com/blog/mo...
~~~~
Resources Mentioned in This Episode:
Better Investing: https://www.betterinvesting.org/
Root of Good: https://rootofgood.com/
Mr. Money Mustache: https://www.mrmoneymustache.com/
Mad Fientist: https://www.madfientist.com/
1500 Days: https://www.1500days.com/
~~~~
Connect with Jackie:
F.I.R.E. For Dummies: https://www.amazon.com/FIRE-Dummies-B...
Instagram: @finomenal_woman or   / finomenal_woman  
LinkedIn:   / jackiecummingskoski  
Podcast: https://catchinguptofi.com/financial-...
Website: https://www.finomenalwoman.com/
X/Twitter: @FInomenal_Woman or   / finomenal_woman  
~~~~
Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?u...
Finance Friday: https://www.biggerpockets.com/finance...
~~~~
Connect with Mindy on BiggerPockets:
Mindy: https://www.biggerpockets.com/users/m...


00:00 Intro

01:14 FIRE at 49!

02:50 Making Money in Retirement

06:11 Early Years, College, and Getting Divorced

11:21 Working Her Way Through College

15:06 Getting Hired After College

15:50 Starting to Learn About Stocks

20:02 Finding the FIRE Movement

26:54 Spending and Saving

36:01 Jackie's Podcast and New Book!

38:20 Connect with Jackie!