545: Fat FI by 23: Building a 7-Figure Income & 8-Figure Portfolio in 3 Years

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 12 July 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fat FI and generational wealth in THREE years?! How is that possible? The sooner you forge good money habits, the sooner YOU can achieve your FI goal. Today’s guest wanted to build wealth as soon as possible, and in this episode, he will share the secrets to his enormous (and rapid) success! Only a few years ago, Josh Janus was flipping sneakers he couldn’t afford and making DoorDash deliveries for a little cash. Today, he has a seven-figure income and an eight-figure real estate portfolio. Fat FI at the age of just twenty-three, Josh still has his entire life ahead of him and a significant net worth to deploy however he chooses. Will he continue to grind away as a real estate agent, working eighty-hour weeks and optimizing his time for even higherearnings? Or will he take his foot off the gas and enjoy some of the wealth he’s worked so hard to build? Now, you may be in a very different season of life than Josh. After a family, career, and maybe even a late start to your FI journey, this explosive wealth-building trajectory might not be in the cards. But even if you don’t aspire to build a $15 million multifamily portfolio or revitalize your hometown, a few years of extreme discipline and sacrifice will unlock all kinds of financial opportunities. Tune in to Josh’s incredible story and find out how! Support today’s show sponsor, BAM Capital, your path to generational wealth with premier real estate investment opportunities! In This Episode We Cover How Josh achieved financial independence in just THREE years (at twenty-three!) How to grow a seven-figure income as a real estate agent and investor Building a large real estate portfolio (starting with little to no money!) Increasing your income by evaluating your schedule for delegable tasks How practicing discipline and sacrifice can fast-track your journey to FI And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder See Scott and Kyle at BPCON2024 in Cancun! BiggerPockets Real Estate - Episode 749: From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) with Josh Janus 00:00 Intro 02:03 Josh’s Money Snapshot 10:34 What’s the End Goal? 13:13 Flipping Sneakers to Learning Real Estate 25:12 Becoming an Agent & Leaving College 28:52 $600K in Year ONE?! 35:16 The Real Cost of Success 43:52 “Seasons” of Life 49:04 Connect with Josh! 50:04 Hustle for Your FI Goal! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-545 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	From a sneaker side hustle at high school and learning the value of having your money work for you to a seven-figure income and eight-figure small multifamily portfolio in three years by age 23. Good grief. Hello and welcome to the Big
0:16.0	Pockets Money Podcast. My name is Scott Trench and with me today is Kyle Mast.
0:19.7	Yes, good grief, this is bigger pockets. The goal here is building a million
0:25.4	millionaires and not just so we have a bunch of wealthy people running around but
0:28.8	so that we can have really great lives and live on purpose.
0:32.6	If you want to get your financial house in order,
0:34.2	this is where we need to be,
0:35.6	because we truly do believe that financial independence is attainable for everyone
0:39.3	no matter where or when you're starting.
0:41.5	Today's guest is an example of how massive action,
0:44.8	taken consistently and starting very early in life can lead to ridiculous
0:50.2	outputs in one's early 20s. This guy does things like scheduling his day from 5 a.m.
0:58.2	until 8.30, including on weekends, putting a hundred hour work weeks in, writing down every single activity set that he does
1:06.3	throughout the day, and analyzing them for the ones that make money or that can be delegated
1:11.3	in our waste of time, and then leveraging those insights to build massive and scalable systems.
1:16.0	We're going to hear about some of Josh's big lessons
1:19.0	that he's learned on his journey to financial independence at 23 with easily a five plus million dollar net worth and the
1:27.6	incredible costs that he's incurred and what he's given up to achieve that outcome.
1:33.8	Yeah, we're going to get into seasons of life with Josh talking about different times of
1:38.9	like really driving after something and when it's time to maybe pull back and transition to
1:43.5	different things. This is going to be great. Josh was featured on the Bigger
1:47.6	Pocket's Real Estate Podcast episode 749 in April of 2023 after his first year of investing having accumulated 10 properties
	...

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