110: Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life

Purple graduated from college and got a job in New York City making $35,000 a year. And spending $35,000 a year. Her net worth was a whopping $5,000. Her partner shared the concept of financial independence with her, but she wasn’t interested. Two years later, her net worth had grown considerably, but she was still not tracking her spending or paying attention to much of her finances. So, she took a good look at her money situation and discovered that there were places she could make cuts—yet not really feel them. She moved across the country, she changed jobs, she asked for raises. And she saved and invested her money. And her net worth grew to the point that she is retiring before the end of the year and traveling the world—all because she looked at her financial situation and said, “I can do better than that!” Listen in to hear just how she increased her income and decreased her spending to craft the life she wanted! In This Episode We Cover:Purple's journey with moneyHer mom's giftDeciding to seek financial independenceConvincing your partner to pursue FIREPurple's net worthTips for people who are looking for a new job and better incomeThe importance of researchPurple's plan in the futureWhat her retirement looks likePossible downsides of remote workAnd SO much more!Links from the ShowRedditMr. Money MustacheGlassdoorIndeedPayScalecFIREsimBiggerPockets Money Facebook GroupBiggerPockets Money Survey