BiggerPockets Money Podcast 75: The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa

Justin grew up without a lot of money in a small town. His parents divorced when he was eight, and his mother eventually quit her job to attend school. Necessity is the mother of invention, and a year of no income led to some very creative ways to squeeze more value out of every dollar.

This “invention” stayed with Justin for his entire life, and he applies it to every facet of his finances. From his very low rent (in a high rent area) to his ridiculously low grocery bills to collecting travel rewards points, Justin gamifies every cent he spends.

Today we hear how Justin actually made money from his college scholarships and military stipends, how he negotiated a smoking deal on his rent, and how his five tenets of grocery shopping pay off.

Justin calls this “the lazy path to financial independence,” but really he’s just being incredibly efficient with his resources.

If you’re looking to cut expenses, listen to this show with a notepad handy.

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In This Episode We Cover:

Justin’s journey with money
The idea of squeezing the amount of a dollar and cutting something out of your life
Joining the military through the ROTC program and getting free tuition from the government
What a career starter loan is and what his decision-making process was
What his position looks like after going to college
The moment he got serious about creating wealth
The reason he is still very unhappy after achieving his goals
The first investment he made
His expenses
How he lived on $24,000 a year in Boston
What’s inside his sacred freezer
The importance of getting to know your specific local grocery store
His commandments on groceries
On saving $69,000 a year
Investing in real estate
On retirement
How he found his apartment
And SO much more!