Cody Berman Builds $1 Million Net Worth by 26 Using 2 FIRE Levers
Updated
Updated · Business Insider · Jun 15
Cody Berman Builds $1 Million Net Worth by 26 Using 2 FIRE Levers
1 articles · Updated · Business Insider · Jun 15
Summary
Berman said he reached financial independence shortly before turning 26, and account screenshots reviewed by Business Insider show his net worth topped $1 million by 2026.
His approach was simple: income climbed from $96,000 in 2019 to $403,000 in 2021 while annual spending held near $24,000, creating a roughly $625,000 gap to invest.
Housing drove much of the savings. He cut rent to $450 a month with roommates, then house-hacked a multifamily property and swung that cost into about $500 a month of cash flow.
Side hustles powered the income surge. After trying more than 30, he focused on digital products, real estate and personal-finance education; his Gold City Ventures business alone processed more than $1 million in sales.
By late 2021, he said he held about $500,000 in stocks, 13 rental units generating roughly $3,700 monthly, and a digital-products business earning more than $10,000 a month.