Part 3: 5 UNIQUE STEPS TO REACH FINANCIAL INDEPENDENCE | Retire Early | Debt Free Guys

See part 1 of this episode here: https://youtu.be/noWrul1ex2s
See part 2 of this episode here: https://youtu.be/wd6pDpA56NQ

Pick your FIRE number. Pay off debt. Avoid lifestyle creep. Spend intentionally. Increase your income.

A lot of FI advice is pretty beige, and colorful people like us need creative solutions to address our unique needs in order to get the same or even better results!

On this episode of Queer Money®, we share five unique steps LGBTQ+ folks can take to achieve financial independence, explaining how we used company-sponsored retirement plans to reach millionaire status without making six figures.

We explore how employer stock purchase programs or ESPPs allow you to buy shares of the company you work for at a discount and describe some of the other employer benefits that might be available to you.

Listen in for insight on using annuities or insurance to reach and maintain financial independence and learn how to protect yourself, your loved ones and achieve FI—no matter what the Supreme Court decides to do.

Topics covered for rare steps to reach financial indepdence:

• How using a company-sponsored retirement plan can help you achieve FI
• How we reached millionaire status in less than 15 years without making 6 figures
• The option to have a self-directed 401(k)
• 5 unique steps LGBTQ+ folks can take to reach financial independence
• How ESPPs allow you to buy shares of the company you work for at a discount
• Why we recommend either a fixed or indexed annuity with a survivor benefit
• The benefit of securing disability, long-term care and life insurance
• Why it’s crucial for LGBTQ+ individuals to update our legal documents and beneficiary info
• Employer benefits that might be available to you, e.g.: tuition reimbursement

We make the Queer Money® podcast for you, so please post your money questions in the QM FB group, and we may answer your question in an upcoming episode.

What should you do now?

✅ Subscribe to the Queer Money® podcast here @ https://debtfreeguys.com/qm

Get more!

✅ Hear this original Queer Money® episode @ https://apple.co/3Q4tg6z

✅ Join the conversation in the Queer Money Facebook Group @ https://www.facebook.com/groups/QueerMoney

✅ Email us with questions @ [email protected]