Don’t strive to become rich . Instead, become a “quiet” millionaire like Tae Kim , the “ Financial Tortoise .” You’ve seen the flashy cars, fancy champagne, and private jets of the online financial “gurus.” Then, like clockwork, you see these same people lose their wealth , go bankrupt, or disappear from the online world entirely. What happened to them, and where did all the “riches” go? In today’s show, we talk to Tae about the slow, steady, unsexy way to build wealth and become a millionaire t...
Dec 12, 2023•45 min•Ep. 479
Are you sitting on an amazing business idea ? Knowing how to get money to start a business is a critical first step to getting your concept off the ground. While there are all kinds of funding options, you may be able to get FREE money with a grant . That’s exactly what today’s guests did! Welcome back to the BiggerPockets Money podcast ! Today, we’re chatting with Cheryl Edmundson and Erin Jacobsen from Inclusive GameWerks —a fledgling business that has developed an inclusive pinball controller...
Dec 08, 2023•41 min•Ep. 478
With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS , and today’s guest is here to help you save as much money as possible ! Welcome back to the BiggerPockets Money podcast ! Today, we’re joined by certified public accountant and financial planner Sean Mullaney . In this episode, Sean delivers a thorough breakdown of everything you should be doing to lower your tax burden for not only 2023 but also over your enti...
Dec 06, 2023•43 min•Ep. 477
Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “ Girlboss ” in America, Sophia Amoruso . She had no business experience , management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of Forbes . But then, Nasty Gal wen...
Dec 05, 2023•46 min•Ep. 476
You want to know how to get rich . But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate . And even as the world’s biggest resource for real estate investors, we get it. The landlord lifestyle isn’t for everyone. Thankfully, real estate isn’t the ONLY way to get rich . There are five other time-tested ways to build wealth that don’t involve 2 A.M. tenant phone calls. In today’s show, Mindy and Scott tag team the five best ways to...
Dec 01, 2023•38 min•Ep. 475
Deep in the forest, a secret financial independence summer camp is being held. Multiple times a year, all across the country, millionaires , financial freedom achievers, and those still on or just starting their FIRE journey meet up for a weekend like no other . Those who have achieved FIRE in their 30s, 40s, and 50s give advice, tips, and tactics to those who want to leave their jobs behind and see what a life of financial freedom feels like. It’s such a can’t-miss event that Mindy and Scott ar...
Nov 29, 2023•36 min•Ep. 474
The 2023 holiday shopping season is here, and you know what that means… gifts , trips , and LOTS of spending . If you love the holiday season but are more into frugal festivities, we have just the episode for you. Whether you're a budget-conscious stocking stuffer or a buy-everyone-an-iPhone gift giver, we've got some simple tips that'll help you save hundreds or thousands this holiday season. To help us build out our list of holiday hacks , we brought on Chris Hutchins from the All the Hacks po...
Nov 28, 2023•34 min•Ep. 473
Happy Thanksgiving! This Turkey Day, we're giving you an encore of one of our favorite episodes on the money hacks EVERYONE should know about! This was one of our top shows of last year and will teach you how to save better, spend less, and travel for CHEAP! Enjoy! ______ Travel hacks, spending hacks, medical hacks . If there’s one thing that Chris Hutchins has learned from hosting the All the Hacks podcast, it’s that everything is negotiable. You can travel to over sixty countries for (almost) ...
Nov 24, 2023•56 min•Ep. 472
Building wealth , saving money , getting rich —it’s much more straightforward than most people think. You don’t need to be a financial expert or millionaire to know what you should do with your money. But if you’ve found yourself in a spot where saving and investing just isn’t happening or you want to build wealth but don’t know where to start, we’ve got the perfect guest for you! Tiffany Aliche , AKA “ The Budgetnista ,” is on track to help more than 300,000 people start their journey to financ...
Nov 21, 2023•44 min•Ep. 471
Want to know how to make $100 a day the easy way? We’ve got the queen of side hustles , Jackie Mitchell , on the show to share the most legit, low-effort, flexible side hustles you can try today to start making money tomorrow. Jackie challenged herself to make $100 per day for the next 100 days as she and her husband work to save up a down payment for their first house . She’s documented her entire journey on social media to show the side hustles that are (and aren’t) worth the work. From study ...
Nov 17, 2023•39 min•Ep. 470
Building wealth is about to become more challenging than ever before . High interest rates make many rental properties cash-flow-less, the economy could enter a recession , and many investors could lose their shirts . In times of extreme economic uncertainty, only the financially fit will be able to keep, protect, and build wealth . So, in today’s episode, we’re giving you the steps you need to not only survive but thrive in ANY economy. Who are these steps coming from? David Greene , the waiter...
Nov 15, 2023•32 min•Ep. 469
Bar Rescue host Jon Taffer has spent more than a decade finding the most disgusting, poorly-run, money-hemorrhaging bars in America and turning debt-ridden dumps into successful money-making businesses . How does he do it? In today’s show, this hospitality, restaurant, and bar legend will uncover the ONLY reason why businesses fail and the “secret recipe” for a successful entrepreneur . And even if you don’t own a business or don’t plan on owning one, Jon drops some knowledge that cannot be miss...
Nov 13, 2023•38 min•Ep. 468
Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule , quality of life , and more. When is changing jobs the right move, and what are the different factors at play? Today, our hosts will show you what to do when faced with such a big decision! Welcome back to the BiggerPockets Money podcast ! In this episode, Mindy and Kyle are fielding some of your top questions. In addition to changing jobs , they discuss 401(k) investing strategies —including how...
Nov 10, 2023•37 min•Ep. 467
If you haven’t started your retirement planning yet , you’re not out of luck. Whether you’re in your twenties, thirties, forties, fifties, or sixties, there’s still time to get enough into your accounts so you can walk away from work and live life on your schedule. So, even if you’re starting late, fret not because today, we’ll walk through everything you need to know to get your retirement planning in gear! To help, The Motley Fool’s Robert Brokamp is joining us on the show! Robert, like many o...
Nov 06, 2023•43 min•Ep. 466
When people hear the term “ passive income ,” their minds usually flash to real estate investing . But, taking on real estate debt may not be the best option for you—especially if you have a high-risk financial portfolio . Instead, you might be better off starting a side hustle that brings in extra dough without huge startup costs or a massive time commitment! Kayla is a healthcare sales professional who has just bought her first property —a beautiful townhouse that she plans to house hack with ...
Nov 03, 2023•47 min•Ep. 465
HGTV’s Heather and Tarek El Moussa have built an empire that any entrepreneur would be jealous of. They’ve collectively flipped over a thousand homes , started syndications with tens of millions of dollars invested, have a TV show that rakes in money for them to flip more houses, AND they do it all while raising a family . And while they’ve created the life they’ve always dreamed of, some unintended side effects have recently emerged that make things less-than-glamorous. We’ll touch on the recen...
Nov 01, 2023•42 min•Ep. 464
Teaching your kids about money is one of the most CRUCIAL parts of parenting . So why do so many Americans completely neglect financial literacy for kids ? Is it too awkward of a subject? Do parents feel like they don’t even grasp personal finances themselves? What happens if YOUR kid goes into the world with zero money mastery? If you have children, grandchildren, nieces, nephews, or loved ones with kids, THIS is what you MUST teach them. Instead of Mindy and Scott telling you what they taught ...
Oct 30, 2023•45 min•Ep. 463
Want to reach FIRE long before you’re sixty-five? If you make a decent income, invest diligently, and watch your spending, you STILL could fall into the “trap” most FIRE-chasers find themselves in. By making one BIG mistake, you could be accidentally forcing yourself to work for years or decades longer to finally retire, even if you’ve reached your FIRE number! What “trap” are we referring to, and how do you ensure you’ll hit FIRE on your schedule? Stick around to find out! Today, we talk to Chr...
Oct 27, 2023•1 hr 3 min•Ep. 462
You want to retire , but you’ve got credit debt, auto loans , and student loans . It feels like every time you get your paycheck, it quickly slips away, and at the end of every month, you’re left in the same position, or worse, than thirty days prior. What’s happening, and why is it SO hard to get out of debt? And will you EVER be able to retire if you keep living this way? Seth Godwin was fired from his job while holding $30,000 in credit card debt . He had no way to pay it off, but somehow, ov...
Oct 23, 2023•43 min•Ep. 461
Will the housing market crash ? If you’re like most Americans, the economy is starting to feel a bit unsettling. But, with so many homeowners locked into low mortgage rates or owning their homes outright, is there even a possibility of a housing crash, regardless of whether a recession does happen? The answer isn’t as straightforward as most people think , and if you don’t know the facts, you could get caught off guard. Mindy and Scott are back to answer YOUR money questions. This time, we’re ta...
Oct 20, 2023•38 min•Ep. 460
Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today’s guest is an expert on this front and is here to equip you with some future-saving finance tips ! Welcome back to the BiggerPockets Money podcast ! In this episode, we’re joined by Tracy Coenen , a forensic accountant who specializes in unearthing money shenanigans in marriages . On most days, Tracy works closely with spouses who s...
Oct 16, 2023•48 min•Ep. 459
What if one part-time side hustle could replace your entire income ? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month , raking in cash, and reaching financial freedom faster ? If you’re today’s guest, Ryan , then this is the situation you find yourself in. Don’t know which super lucrative side hustle we’re talking about? Stick around because you may have never thought of it before. Ryan works full-time as a registered nurse in one...
Oct 13, 2023•45 min•Ep. 458
Vivian Tu , AKA “ Your Rich BFF ,” is the internet’s expert on money and personal finance . She was doing schoolyard trades before she worked on Wall Street, and now, as the host of Networth and Chill , she talks about the much more profound aspects of finances. Stuff like love, marriage, happiness , and when to ditch another date with someone who could put you in financial ruin. Americans tend to think with their hearts and less with their heads when finding love. The problem with that logic? M...
Oct 09, 2023•43 min•Ep. 457
Many real estate syndications are facing absolute failure in 2023 . But, even if you aren’t investing in any, this could be a learning experience like no other to help you build your wealth in the future. If you’ve never heard of a real estate syndication before, here’s a quick summary: a real estate syndication is where an “operator” raises money from a group of investors to buy a large commercial property, often an apartment complex, self-storage facility, or housing community. Over the past t...
Oct 06, 2023•57 min•Ep. 456
Want passive income ? Well, DON’T invest in rental properties. Buy REITs (real estate investment trusts) instead. Yes, you read that right. Although rental properties are a phenomenal way to build wealth and cash flow and pay fewer taxes on your income, they aren’t the most “passive” type of investment around. Between the 2 AM tenant phone calls, leaky toilets, evictions, and common headaches of owning a house, rental properties might not be worth the extra income for most Americans. But REITs p...
Oct 02, 2023•52 min•Ep. 455
Tyler and Jenna need to know how to retire in ten years or less so they can spend less time working and more time with their family. The problem? They’re spending more than $10,000 monthly in expenses, and even with a high salary, that hurts their bottom line. But, a bigger problem to take care of is the six-figure savings sitting in their bank account, not bringing them any closer to becoming financially free . So, what should they do next? Today, Mindy is joined by her husband, Carl , as these...
Sep 29, 2023•59 min•Ep. 454
Financial trauma is an extremely common roadblock on the journey to financial freedom . In fact, most people deal with this issue on some level, even if they aren’t aware of it. Whether your trauma patterns stem from your parents’relationship with money or an instance of financial abuse , know that there’s light at the end of the tunnel! Welcome back to the BiggerPockets Money podcast ! Today’s guest is Shannah Game —author, entrepreneur, certified financial planner (CFP) , and host of the Every...
Sep 25, 2023•1 hr 5 min•Ep. 453
If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo— HSA, Roth, IRA, 401(k) —these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster , pay WAY less in taxes , and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retir...
Sep 22, 2023•43 min•Ep. 452
This “ financial order of operations ” could be your ticket to financial freedom . If most Americans followed these steps, they would find themselves debt-free , with full retirement accounts, passive income , and “wealth-accelerating” investments that only top-income earners can access. But you don’t need to make hundreds of thousands of dollars a year to follow this “ Stairway to Wealth ”; you just need to follow these steps! Andrew Giancola from The Personal Finance Podcast built the “Stairwa...
Sep 18, 2023•52 min•Ep. 451
The fear of Job loss has become real for most Americans. And if you’re falling into the “ middle-class trap ,” a sudden loss of income could be even more severe. After the recent tech layoffs of 2022 and 2023, businesses outside of the Silicon Valley bubble are starting to feel the effects of higher interest rates and lower consumer spending. But what happens if YOU’RE the one who’s getting laid off? Will you be able to pay the bills? How much of a severance package can you expect? And what move...
Sep 15, 2023•55 min•Ep. 450
