Episode 62: (REPLAY) Set Yourself on FI/RE | Mrs. Miller from Millers on FI/RE

All December, we’ll be replaying podcast episodes about FI/RE. This week’s episode is episode 62, with Mrs. Miller from Millers on FI/RE, a blog by an anonymous multi-racial couple pursuing financial independence.

The Millers are a couple in their 30s sharing their money optimization skills and journey to reach FIRE. Mrs. Miller is a Latina and native New Yorker. She is a first-generation college graduate who is on the FI/RE journey along with her husband. On her blog, she focuses on financial independence and early retirement. Millers on Fire is full of money hacks, cost-cutting tips, money mistakes, and what the Millers have learned about budgeting, saving, investing, and travel hacking. You can also follow her on Instagram and Twitter!

In Episode 62, Mrs. Miller and I talk about:

  • Lifestyle inflation that comes with a salary raise—making what feels like a lot of money when you are first generation can bring up a scarcity mindset. We will never feel like we have enough, or we overspend to over-compensate for what we didn’t have when we were younger.
  • Her FI/RE investment vehicles—Mrs. Miller at the time held most of her investments in things like index funds.
  • The imposter syndrome that often comes with being a first-generation wealth builder—building wealth is not something we are used to. When we are doing it, it may feel like we are in the wrong place. Yo Quiero Dinero is here to tell you one thing: you are not in the wrong place.
  • Family & money—here, Mrs. Miller talks about feeling a lot of guilt over the differences between her own financial life and that of her family. Something that she does (as do other families) is to save money for family emergencies.

Episode 62 is for all first generation wealth builders. Mrs. Miller will affirm how you are feeling, as will Yo Quiero Dinero. Poderosa, you are in the right space. If you are trying to gain financial literacy, you are a radical. If you are trying to build wealth, you are paving the path.

And if you are trying to secure the financial future of you and your family, you are a revolutionary.

Being a first generation anything can be daunting. But we must get rid of our imposter syndrome that tells us we aren’t doing what we’re supposed to. Listen to this episode with Mrs. Miller to know what to do to get started on your FI/RE path. Share with another friend to remind them that they are enough. So “enough” that they are worthy of building wealth.

Check out these Yo Quiero Dinero Partners to accelerate your investing goals!

SoFi Invest – Fund an Active Investing account with $1,000 or more, and you’ll get $50 in free stock!

Public – Investing meets social media. Start trading with any amount of money, commission-free and chat with other investors about their moves today!

Webull– Trade stocks, options, ETFs, all commission-free, $0 minimum deposit. Now open an account, get a free stock.

Roofstock – Earn passive income by purchasing rental homes with tenants.

Fundrise – Invest in REITs & earn passive real estate income! Have your advisory fees waived for 90 days.

Rocket Dollar – Rocket Dollar account holders have the power to invest in any asset class allowed by the IRS. Invest securely and easily in Real Estate, Startups, and more. Open a Self-Directed Solo 401(k) or Self-Directed IRA with Rocket Dollar and put your money to work.

New Street Advisors Group – a commission free, fee-only fiduciary Registered Investment Advisor (RIA). Their mission is to provide transparent financial planning, portfolio management and investment advisory services to their clients. Check out our episode with their lead advisor, Delano Saporu!

Want To Learn More About FI/RE? Check out our video training to learn the basics on FI/RE and how to start your journey towards financial independence!

Master The Market 102: Investing For Financial Independence
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button