An online side hustle that replaces your $100K salary in year one!? It sounds like an impossible feat, but today’s guest was able to achieve this by launching an unusual ecommerce business— allowing his wife to quit her job and stay at home with their kids full-time! Welcome back to another episode of the BiggerPockets Money podcast! Today, we’re chatting with Steve Chou , a serial entrepreneur , ecommerce influencer , and founder of MyWifeQuitHerJob.com. When Steve’s wife became pregnant with t...
Jun 05, 2023•49 min•Ep. 418
Pet insurance probably isn’t a top priority for you right now. Your budget might have health, car, and home insurance , but pet insurance? Is it really worth the cost? Today we talk to David , an engineer and part-time wilderness trip guide , who was hit with an astonishing amount of vet bills after his beloved four-legged friend, Blaze , was diagnosed with Lymphoma . This unexpected bill damaged David and his wife’s investing plans, but not all hope is lost. If you have a dog, cat, rabbit, liza...
Jun 02, 2023•1 hr•Ep. 417
Want to replace your nine-to-five ? You'll need to know how to buy a business . And while you may think that you need to be some high-level executive or business-building savant, the reality is that TONS of profitable businesses are selling for pennies on the dollar , just waiting for you to come in, scoop them up, and start making six (or even seven) figures without doing all the work. This is the EXACT strategy that Codie Sanchez used to leave her high-paid banking career to make millions runn...
May 29, 2023•59 min•Ep. 416
Retirement is always some far-off goal. When you’re older and much more wealthy, you can live the golden years of your life without a care in the world. The problem? None of us know how much time we have left , how healthy we’ll be as we age, and whether or not these years are the best we’ll ever get. So, why wait to retire in your sixties when it’s possible to retire in your twenties, thirties, forties, or fifties? If you had the choice to live your ideal life NOW , wouldn’t you choose to do so...
May 26, 2023•48 min•Ep. 415
Wish you had a few money hacks to help with things like getting out of debt , finding the right assets to invest in , and growing your nest egg ? The average person may not even know where to start! Today’s guest is using her platform to help simplify money concepts and improve financial literacy at a time when it is sorely lacking. Welcome back to another edition of the BiggerPockets Money podcast! Today, we’re joined by Nicole Lapin , founder of the Money News Network, host of Money Rehab with...
May 22, 2023•42 min•Ep. 414
Early retirement is possible for almost anyone, no matter where you start or how much you make. If you can sacrifice and save more than you spend , there’s a good chance you could retire years or even decades earlier than the rest. In fact, you can retire early on a median income salary without any retirement savings to start with …but you’ll need to do one crucial thing. As you’ll see from today’s guests, David and Danielle , one smart purchase may have set them up for life! We’re back with ano...
May 19, 2023•54 min•Ep. 413
While the job of a full-time content creator might seem glamorous from the outside looking in, make no mistake—there’s plenty of work involved, and it’s not always easy to get your business off the ground . Our next guest spent years building up her content creation platform while continuing to work her nine-to-five tech job before she made her first six figures ! Welcome back to another episode of the BiggerPockets Money podcast! Today, Scott and Amanda are joined by Gabrielle Judge , a content...
May 15, 2023•54 min•Ep. 411
A debt-free homeowner with an emergency fund and a keen eye for personal finance? A few years ago, Jazmyn Gray wouldn’t have dreamed that’s how her life turned out . From a young age, Jazmyn was thrown into drug addiction, homelessness, a life of crime , and later, prison time . She was a teenage mother whose silver lining was running a successful business until she was robbed, abused, and pushed into relapsing . But that’s not Jazmyn’s whole story. Through some entrepreneurial pursuits behind b...
May 12, 2023•51 min•Ep. 410
As a first-time home buyer , you may be struggling to make a move. And who can blame you? In 2023, with high mortgage rates and stiff competition , more and more would-be home buyers are staying put as renters—but this could be a big mistake. Even Jay Papasan , executive at Keller Williams and bestselling author , wishes he made his first home purchase faster. It wasn’t until Jay was thirty that he finally pulled the trigger on purchasing a property. He had just moved to Austin, Texas, and bough...
May 08, 2023•57 min•Ep. 409
Early retirement is the holy grail of financial freedom. With a large enough nest egg, you no longer have to work , giving you the time to spend with your family and friends or do whatever you want. The problem? Hitting financial independence is much easier than most FIRE -chasers think , and achieving their biggest goal comes with unintended consequences. The fact of the matter is, retiring early is a hard choice , and it’s NOT as simple as walking away from your job. Today, we talk to Phil , w...
May 05, 2023•49 min•Ep. 408
Think it might be too late for you to enjoy the spoils of real estate investing ? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers and become a real estate investor . Just ask today’s guest! In this edition of the BiggerPockets Money podcast, we’re joined by Evan Miller , who was a bright-eyed, bushy-tailed US Air Force cadet when he first took an interest in real estate. It wasn’t long before his childhood dream of becoming a...
May 01, 2023•58 min•Ep. 407
The road to early retirement isn’t easy. Once you become dead-set on finding financial freedom , your entire world turns upside down. For many of us, this means spending as little as possible, ditching takeout, saying goodbye to expensive events, and becoming a frugal hermit in our own financially-focused worlds. But, this can lead to serious burnout since a life without fun is a hard life to live. Today, we talk to Sam , who’s feeling his own type of frugal fatigue . Sam was blindsided by a sud...
Apr 28, 2023•52 min•Ep. 406
Healthy meals that taste great AND save you money ? Surely, you can’t have all three! Today’s guest would beg to differ. After deciding roughly six years ago to embrace a healthy lifestyle , she made it her personal mission to find clean recipes that were equally affordable and flavorful. Today, she saves roughly $150 - $200 on her grocery bill each week ! Welcome to a special bonus episode of the BiggerPockets Money podcast. Today, our hosts Mindy and Scott pick the brain of Jenn Lueke , a food...
Apr 26, 2023•46 min•Ep. 405
The formula to build wealth isn’t complicated. Most American millionaires have figured it out, and you might have as well. It’s safe to say that almost every wealthy American has followed these three steps that lead to a life of riches . If you follow the same path, you, too, can end up with financial independence , early retirement , and generational wealth that will propel your family forward. But, even though these steps are simple, most Americans can’t or won’t follow them. Joining us in the...
Apr 24, 2023•50 min•Ep. 404
Financial freedom vs. family time. If done correctly, you can have both; but living the best of both worlds is impossible without sacrifice. For new parents , switching from a dual-income household to a single full-time income overnight can be a hard burden to bear. With less money comes lower retirement accounts, a longer time horizon to being debt-free, and financial freedom pushed years, or even decades, away. So, is being a stay-at-home parent worth the financial sacrifice? On this Finance F...
Apr 21, 2023•55 min•Ep. 403
Tax season is a nerve-racking time for many, especially for those who don’t have simple tax returns. If you’re a real estate investor , you need top-notch tax advice if you hope to reap the best tax savings when filing—legally, of course. And that’s exactly what we’ve got for you today! Welcome back to another episode of the BiggerPockets Money podcast . Ahead of this year’s tax deadline , we’ve brought in reinforcements to answer all of your burning tax questions. Today’s guests are Kyle Mast ,...
Apr 17, 2023•42 min•Ep. 402
How important are beneficiary designations ? What happens if you die without a will ? What are intestate succession laws ? Death is a subject that most people want to avoid, especially when it intersects with finances. Unfortunately, these are necessary questions to ask, as your legacy is at stake, and taking just a few hours to plan could save your family thousands of hours after you pass. When guest and long-time friend Renee received the call that her husband of nine years had passed unexpect...
Apr 14, 2023•58 min•Ep. 301
Being able to retire early is a blessing and a curse. When you first start working a job, all you can think of is escaping your everyday responsibilities. The mind-numbing tasks, the early mornings, late nights, horrible bosses—it all adds up. But, you then find the “ financial independence , retire early movement (FIRE),” and almost overnight, you decide that your future will be dedicated to setting yourself financially free. You develop skills that help you make more at your job, feeding into ...
Apr 10, 2023•52 min•Ep. 400
Want to retire early in your 30s ? Early retirement may be closer than you think. With smart money moves, intelligent investments, and the ability to save more than you spend, you could trade forty-hour work weeks for full days with your family . But, before you do, you’ll need to set yourself up with some killer cash flow, so your assets can pay for your lifestyle while you sit back and enjoy ultimate time freedom. This is exactly what Jenny Bayless did over the past ten years. After college, J...
Apr 07, 2023•49 min•Ep. 399
For so long, early retirement has been THE goal of those chasing financial independence . Can you imagine waking up with unlimited time, not having to work, and reporting to no one but yourself? Now imagine that day in and day out. Before long, the luster of never working gets to you, and that's because if you've achieved financial independence, the regular type of "retirement" just won't work . But what if you could restart your career, do something you REALLY cared about , or build your dream ...
Apr 03, 2023•55 min•Ep. 398
Financial freedom allows you to do what you want, when you want, and with who you want. But it’s not just for lounging in hammocks or jet-setting around the world. When tragedy strikes, a sudden loss occurs , and you need time to spend with your family , friends, and loved ones, financial freedom becomes the bedrock of what helps you recover. This is why the option to retire early is so crucial for the everyday American; you never know when you’ll need to take some time for yourself. Jordan Klin...
Mar 31, 2023•44 min•Ep. 397
You want to retire early , but odds are, you think that you can’t. Whether it’s a high-stress job , a business that requires your full attention , or just the belief that you MUST be working, most Americans don’t think they can regain their time freedom . But most people don’t know about “ lifestyle investing .” Instead of trying to be the wealthiest investor with the biggest house, fastest car, and most money in the bank, lifestyle investing asks, “ what do you TRULY need to be financially free...
Mar 27, 2023•54 min
Want to hit FIRE ? You’ll need a smart side hustle . We’re talking about income-doubling, cash-printing, serious side businesses that will allow you to leave your job and grow a substantial income stream, so you can invest the rest and reach the early retirement you’ve dreamed of . And for today’s guest, Alex , this is exactly the goal. Alex left college and went straight into the corporate world, only to realize that her potential wasn’t being met and there were alternative income goldmines tha...
Mar 24, 2023•53 min•Ep. 395
Retirement investing , bad debt, backdoor Roth IRAs, bonds, and starting a business . If you’re just beginning your personal finance journey, this can all seem a bit complicated. Where do you invest first? What should you do with extra cash? And how do you know a financial fiduciary is genuinely looking out for your best interest? Don’t worry; you don’t need all the answers. Just tune in, and listen to what financial expert Amanda Wolfe and Certified Financial Planner Kyle Mast have to say. It’s...
Mar 20, 2023•50 min•Ep. 394
Both SVB ( Silicon Valley Bank ) and Signature Bank have crashed and burned dramatically over the past week. What once was a few large customers making withdrawals quickly turned into a bank run of epic proportions . Within just a few days, SVB went from one of the largest banks in the United States to one of the biggest bank failures in the nation’s history . But what led to such a fast-paced collapse, and are more banks on the chopping block? You don’t need to be an expert economist to underst...
Mar 17, 2023•43 min•Ep. 393
Kevin O’Leary (AKA Mr. Wonderful ) might be the world’s favorite (and most outspoken) investor. You’ve probably seen him on Shark Tank , where he’s doing deals with startups, putting overconfident entrepreneurs in their place, and often making boring products into billion-dollar companies. Kevin has the Midas touch, or at least it seems that way on television. Still, he doesn’t shy away from mentioning failures and the enormous lessons he’s learned that eventually led him to make hundreds of mil...
Mar 13, 2023•45 min•Ep. 392
Your small business could be the key to financial independence , early retirement , and more income than your W2 is paying you. But, most small business owners don’t understand the best way to grow their income stream. With a DIY mentality, you could be stuck doing the skilled work, answering the emails, picking up phone calls, bookkeeping, and spinning ten plates at the same time while your business fails to grow. Instead, you must step out of the “solopreneur” role and into the “business owner...
Mar 10, 2023•59 min•Ep. 391
Is whole life insurance a scam or a worthwhile investment? You may have heard us talk about whole life insurance before, but we’d bet we’re not the only ones mentioning it to you. Your financial advisor, business partner , parents, or fellow investors could have also let you in on the “amazing benefits” that only whole life insurance can provide . But how much of this is fact, and how much is fiction? And, if whole life insurance is such a bulletproof investment , why not buy a policy right now ...
Mar 06, 2023•1 hr 4 min•Ep. 390
Doubling your net worth in only a year ? Seems impossible, right? Is making such massive money moves during a down market even realistic? If you think it can’t be done, tune in, and you’ll hear exactly how repeat guest Yourri Dessureault did it. Yourri’s name may sound familiar; we talked to him back on BiggerPockets Money episode 236 , where he spoke about trying to achieve a massive $7,000,000 retirement goal while making $120K per year. But, a lot has changed in seventeen-or-so months. Yourri...
Mar 03, 2023•53 min•Ep. 389
Twitter’s massive layoffs affected the tech industry more than people think. For years, tech stocks ran with enormous valuations, with over-inflated workforces of employees getting paid six-figure salaries with even more impressive bonus packages. This wasn’t sustainable by any means, and as a new type of CEO steps in, tech companies are looking to get leaner, more operationally efficient, and return to their startup-like roots. But how does this reforming tech market affect the US economy ? We ...
Feb 27, 2023•59 min•Ep. 388
