I'm curious to know if there are any other FIRE ladies in here? If so, where do you get your info from? I've been into finance and investing since my teens, but all of the vloggers, gurus, etc I follow are men. And their followers all seem to be mostly/all guys too. If I try to speak to women I know IRL about money, I get the 'glazed' look, so it's a very isolating interest to have. I'm hoping since the FDS crowd is made up of more independent types there will be a lot of likeminded ladies on this site.
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I am working on fire! I dislike most financial books and podcasts by men. The one book by a woman I liked was Quit Like A Millionaire. I don’t really seek out that much info on fire since I learned about it since my strategy is pretty basic and most of the advice out
there is by men. Sorry, wish I had more to contribute. Since my strategy is in place, I focus a lot on convincing my female friends to do the same. I offer to set up their investment accounts and have sent them books. So many don’t care and even worse, they want to take male advice on investing that includes losing day trading strategies and handpicking “can’t lose” stocks. Also, bc I’m a woman I feel that people don’t want to listen to me, but will listen to an investment salesmen who they don’t need. It’s frustrating… the only solace I have is in thinking that one day in the future they will see me and realize they should have listened.
The Financial Feminist Podcast may be what you are looking for, if you want some media.
I am also working towards FIRE and first step is equipping myself to get a better-earning job. I've already started maxing out my Roth IRA and have a healthy brokerage account that has autograft :)
Not a FIRE (already retired after working like a dawg for 30+ years, but hey, at least I'm independent). I lived in Austin recently and took pottery classes. A young woman (30) on the wheel next to me and I struck up a class friendship.
She had bought a small fixer upper on the east side of town before it became gentrified. She fixed up the house and rented to a roommate. She bought a fixer vintage Airstream, put it in the backyard, fixed it up and tricked it out - rented it out during SXSW and other town events and was planning on getting another one. She was well on the way to retiring in a few years. I was astonished, in awe and in admiration at her ambition/skill/talent/guts and had never heard of FIRE before this.
From personal experience owning real estate was a game changer for me. I struggled to buy a small rundown townhouse in my late thirties, barely squeaking by with the scrawniest of down payments - what they don't tell you is immediately your credit score goes up and you suddenly qualify for cheap car loans, better rate credit cards, and you get that fat tax deduction. When you sell you can also deduct home improvement costs if they're within a short period of time pre-sale. I've bought and sold about ten houses and in all but two cases always made a decent profit and in two cases made a killing. Not saying it's for everybody and it's not magic but if this is your temperament and you've got a good eye for houses and curb appeal...
I am! Working towards zero debt now, then heavily investing through Vanguard in Index Funds. You?
Yes, I'm sort of into this. I have a chat group with two family members, we talk investing several times a week. I've been doing small-scale investing for years. I get a lot of my background info from economics papers, and from the national bank in my country. I bought my first apartment almost 20 years ago, and have been paying attention to the housing market since then, so I have a lot of data to work with in that area as well. It all comes together to paint a picture of the economy as a whole, and I can see signals in one market that will affect another with time. (Among other things, I saw the 2008 crisis coming, sold the apartment in 2007 and rented for a while before buying a new house. Was a good decision). I love nerding about stuff like this, so you are not alone :)
I would check out the financial diet on YouTube, her videos are great! I’m starting to pay closer attention to my long term finances but I’m not quite a FIRE lady yet!!!
I know I am a bit late to commenting but the YoQuieroDineroPodcast was life changing for me. It is run by a Latina in the States. I'm in Canada and I still found a lot of stuff very applicable to me. It's a good starting point if you have no idea wtf you're doing with your finances and need some empowerment!
I really like r/fireyfemmes on Reddit they’re a great group!