Tech entrepreneur Lucy Guo has officially dethroned Taylor Swift to become the youngest self-made woman billionaire at only 30 years old, according to Forbes. In 2023, the Passes founder and Scale AI co-founder told Fortune she followed the FIRE movement to build her wealth.
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00:00I tried to live very cheaply until I made my first 10 million.
00:04I was getting in trouble in kindergarten for selling Pokemon cards and colored pencils.
00:08And I was mowing lawns for money.
00:10But it wasn't until second grade that I actually figured out how to make money on the internet.
00:13I noticed that people were selling pets, neopoints, etc.
00:17And everyone was receiving the money inside PayPal.
00:20This is a way that I can have money digitally.
00:22In high school, I bought a lot of Bitcoin.
00:25That Bitcoin is theoretically worth several million, but I left it on the exchange and
00:29never put in a wallet.
00:30So I didn't actually make that first million.
00:32My first five million on scale series B, I did a small secondary and then invested it.
00:38Honestly, I invested it pretty well and that turned into more money.
00:41I would go into Reddit and look up leanfire and fatfire forums because it really does teach
00:47you a lot about money management and wealth.
00:50How can I extend my lifestyles as much as possible?
00:52I managed to get a buddy pass for free flights.
00:54I was eating for free because I would just book a cancelable ticket on Southwest and then
00:58go through airport security, go to the Amex lounge, eat and go back.
01:02I got a place that was only, I guess I got this like $70,000, $75,000 in Vegas that was
01:07right next to the airport.
01:08So I could just ride a skateboard there, get there in five minutes.
01:11I reduced my spending to near zero dollars per month.
01:15I love McDonald's and I also like my Michelin star restaurants.
01:18I could eat very cheaply.
01:19Amex has good food and lounges.
01:20So I think I was living a phenomenal lifestyle while spending no money.
01:24I was like, Oh, this is great.