Want to retire early ? You don’t have to wait until age sixty-five . With a few cash-flowing assets and smart money moves , you could accelerate your path to retirement and enjoy your riches much sooner than you thought possible! Welcome back to the BiggerPockets Money podcast ! Derek has worked hard to build a $1.7 million net worth and a portfolio of six rental properties . The only problem? He wants to retire at age fifty . In this episode, Mindy and expert investor David Greene from the Bigg...
Jun 21, 2024•59 min•Ep. 539
Are you a late starter who wants to reach retirement (or early retirement)? Then we’ve got just what you need! We’re back with Bill Yount and Jackie Cummings Koski from the Catching Up to FI podcast as we share how to invest for retirement as a “late starter.” Did you know there are some serious advantages to investing later in life? Some of these advantages are so secret that even our hosts didn’t know about them! But today, we’re sharing them with you so you can achieve financial freedom on yo...
Jun 18, 2024•1 hr 2 min•Ep. 538
Got a late start on your retirement planning? Do you feel like you missed the boat and won’t be able to retire on your timeline? We’ve got good news for you in today’s episode— it’s never too late for retirement (and even EARLY retirement !). No matter what age you’re at, how much you have in the bank, and how much you make, you CAN retire on your terms, and our guests will prove it. The question is, will you follow through on their time-tested system for reaching retirement? Bill Yount and Jack...
Jun 14, 2024•38 min•Ep. 537
If you get your property management wrong , you could lose tens of thousands of dollars. A sketchy property manager could take all your rent and run, leaving you with the bills and no hope of recovering your long-lost rent checks. That’s precisely what happened to today’s guest , a seasoned real estate investor who’s even looked up to as an expert in the industry. Even he made a sizable property management mistake, and in this episode, we’re trying to help you avoid the same fate. The BiggerPock...
Jun 11, 2024•49 min•Ep. 536
What would it take for you to achieve financial freedom ? Now, think about what it would take for you to achieve it for your family . Many of us have parents we’ve seen work day in and day out , providing for us when it meant putting their dreams on the back burner. But what if you could repay your parents for all they’ve done for you, helping them retire and ensuring they can truly live the life they love without worrying about money? That’s exactly what today’s guest did for her mother and her...
Jun 07, 2024•50 min•Ep. 535
Could Coast FI be your BEST path to financial independence ? Maybe you don’t want to retire early —not yet , at least. Hustle for a few years, invest your money , and watch it snowball instead! This twenty-four-year-old saved nearly $100,000 with this strategy, and in today’s episode, she’ll show you how to do the same! Emma von Weise was determined to take control of her finances at a very early age, getting her first job at just fourteen years old and saving money at every opportunity. This al...
Jun 04, 2024•53 min•Ep. 534
Are you working towards FIRE or building a financial legacy ? Then DON’T skip this episode! What’s the point of creating generational wealth if it will be lost after you’re gone? Jenny Rozelle , estate and elder attorney, is back on the show to answer some of our most pressing questions about wills, trusts , estate planning , and everything in between! She’s got some answers that even personal finance experts Mindy and Scott didn’t know. And if you’re just starting to think about preserving your...
May 31, 2024•31 min•Ep. 533
You’re working hard to build wealth , but without estate planning , your assets could easily land in the wrong hands, causing your family a great deal of trouble. No one likes thinking about their death , but you NEED to tackle this issue head-on if you hope to preserve your legacy ! Welcome back to the BiggerPockets Money podcast ! Today, we’re tackling two of the most taboo topics— death and money —with estate and elder attorney Jenny Rozelle . If you’re nearly ready to retire , you MUST devel...
May 28, 2024•42 min•Ep. 532
If you follow these nine steps , you will reach financial independence . How do we know? Well, The Money Guy Show ’s Brian Preston and Bo Hanson have tested it hundreds of times! Using this simple but extremely powerful “ financial order of operations ,” anyone from any background can achieve FIRE , even starting with nothing. From free money to becoming easily debt-free, building a solid financial foundation, and even paying off your mortgage early, Brian and Bo break down the exact route to fi...
May 24, 2024•54 min•Ep. 531
You DON’T have to spend your entire life chasing financial independence . Play your cards right, and you may not even need a whole decade! With a little hard work and sacrifice , today’s guest became a millionaire (and financially free ) in just SIX years ! Welcome back to the BiggerPockets Money podcast ! After years of “drifting” through life and racking up bad debt , Eric had a moment when he realized he might not be able to rely on his W2 income for as long as he had hoped. Seeing the writin...
May 21, 2024•43 min•Ep. 530
Financial independence by the age of twenty-five ?! Today’s guest started working and saving money at a very early age, which allowed him to buy the time and freedom to do the things he values most. Whether you’re twenty-five or fifty-five, applying some of these simple principles to your own life can propel you toward financial freedom ! Welcome back to the BiggerPockets Money podcast ! Today, we’re chatting with Gabe Bult , a YouTuber , serial entrepreneur , and real estate investor who reache...
May 17, 2024•43 min•Ep. 529
Starting your first or next business? This episode is for you. Today, we’re bringing you everything you need to know about small business taxes for beginners . Whether you’re a solo entrepreneur , partner, landlord , house flipper, Airbnb host , or something in between, you MUST know about these tax laws before you start making money with your own business because if you get them wrong, you could be paying a MASSIVE penalty come tax time. You could save yourself thousands, or TENS of thousands, ...
May 14, 2024•53 min•Ep. 528
Think it’s too late for early retirement ? Do you feel like just because you’re in your late thirties, forties, or fifties , FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds by retiring over fifteen years early , all while raising her daughter on her own and without a six-figure salary to sail her swiftly to a million-dollar net worth. Plus, she did all of it with no investing experience. If Jackie Cummings Koski can do it, so can you! Jackie grew up in a ...
May 10, 2024•44 min•Ep. 527
Personal finance doesn’t have to be complicated . Saving , investing , and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re doing personal finance for beginners FAQ episode, where we take some of the most common money questions and answer them for you so you can start building wealth and get closer to financial independence ! Many of these questions come directly from the BiggerPockets Money Facebook...
May 07, 2024•44 min
Cryptocurrency enthusiasts can’t fathom why Bitcoin will fail . If you tell them that you’re not investing in Bitcoin or other cryptos, they look at you like an uneducated investor, a sheep following the crowd without thinking for yourself. The promise of Bitcoin is so great that you’d have to be an outright fool to deny it, and anyone who refutes the future golden age of a decentralized society is simply mistaken and is only coping with the oncoming collapse of fiat currency and Western civiliz...
May 03, 2024•35 min•Ep. 525
Want to be a millionaire or build a business that brings in seven figures ? Want generational wealth and to be debt-free? Want to know that you have enough money to take big risks while still keeping your bank account safe? If so, you need to start thinking like the rich to begin building wealth the same way they do. “That may be easy for you to say, you host the BiggerPockets Money Podcast!” Well, don’t take it from us; take it from Marc Russell . Marc grew up without advantages. He was in fost...
Apr 30, 2024•44 min•Ep. 524
Is a six-figure salary enough to achieve FIRE ? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but with inflation eating away most, if not all, of your paycheck , what do you do? If you want to reach early retirement, do you need a massive salary to save you from the high cost of rent, food, gas, and other everyday essentials? Or, can you easily retire with a $100K/year income if you make the right...
Apr 26, 2024•38 min•Ep. 523
Moving is hard. But could relocating to a low-cost-of-living area help you lead a more fulfilling life and achieve financial freedom ? As today’s guest came to find out, the benefits of living in an affordable area often outweigh the glitz and glamor of a big city ! Welcome back to the BiggerPockets Money podcast ! Today, we’re chatting with Allison Irby Vu , a financial planner who made a huge cross-country move in pursuit of a better financial future . With roots planted in Washington, D.C ., ...
Apr 23, 2024•36 min•Ep. 522
Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W2 job , pivot to real estate, and fast-track his journey to FIRE ! Today, we’re chatting with technology instructor turned full-time real estate investor Keith Nugent . After a skydiving accident rendered him unable to perform his previous job duties, Keith knew he needed a new path to financial ind...
Apr 19, 2024•40 min•Ep. 521
The best side hustles can put some extra cash in your pocket, help you leave your W2 job , or even launch you toward FIRE . If you’re looking to make money in ways other than real estate investing , you don’t want to miss this side hustle special ! Nick Loper , founder of Side Hustle Nation and host of The Side Hustle Show , has been building businesses since he was a teenager. From lucrative digital assets to service-based ventures , Nick has done it all, and today, he’s bringing some fresh ide...
Apr 16, 2024•45 min•Ep. 520
Want to know how to avoid capital gains on your next home sale ? If you tune in, you may dodge a quarter-of-a-million-dollar bullet (or more!). What about investing in one of the most tax-advantaged accounts that almost EVERYONE should have but most people don’t? What do you do when a family member asks to borrow money from you but has a bad track record with keeping their personal finances together? We’re getting into it all and more on this finance FAQ with Amanda and Scott ! We get a ton of p...
Apr 12, 2024•35 min•Ep. 519
Whether you know it or not, “ shrinkflation ” is costing you. You’re paying more for less , as manufacturers boast record profits. Your paycheck is getting eaten away faster and faster every month, but you’re left with the same amount of stuff. How did this happen, and when is it going to stop? Phil Lempert , AKA the “ SupermarketGuru ,” has been analyzing consumer behavior , marketing trends, and the retail landscape for over two decades. Now, he’s sharing the tricks manufacturers use to get yo...
Apr 09, 2024•43 min•Ep. 518
Buying a business? Maybe you’ve thought about it before. You could own a laundromat , self-storage facility, plumbing business, or landscaping service. It doesn’t sound glamorous, but these types of businesses can make you millions of dollars and lead you to financial freedom . And, with so many baby boomers retiring, tons of small businesses with built-in customer bases are for sale, just waiting for YOU to come and make money from them. But before you buy, there are some things you should know...
Apr 05, 2024•45 min•Ep. 517
Want to know how to get rich but fear it could be too late? Perhaps you’ve got responsibilities, bills to pay , and a family to feed. How can you possibly get ahead? Jaspreet Singh ’s message is clear: you can still build wealth , but you’re going to have to be intentional with your money, just like every other rich person. There are no shortcuts! Today, Jaspreet is a serial entrepreneur , real estate investor , licensed attorney, and host of The Minority Mindset Show . But growing up, his paren...
Apr 02, 2024•41 min•Ep. 516
Want to know how to get out of debt for good ? It’s not as easy as it sounds! The more you chip away at that number, the harder it becomes to resist frivolous spending. But by fostering a healthy money mindset , building credit , and using credit cards the right way, you can stay out of the red! Welcome back to the BiggerPockets Money podcast ! Ashley is a business owner and rental property investor who is well on her way to financial independence . But only a few years ago, she had racked up te...
Mar 29, 2024•42 min•Ep. 515
Want to know how to travel for FREE in 2024 and 2025 ? We’re about to introduce you to the magical world of travel hacking . Never heard of it before? You’re about to have your mind blown. Travel hacking is one of the best ways to turn your everyday spending into free trips , hotel stays, business-class flights , and more. And if you’ve ever wondered how to get into those fancy airport lounges or snag yourself a lie-flat seat next time you’re headed across the Atlantic, this is the episode for y...
Mar 26, 2024•44 min•Ep. 514
Please be advised: this podcast episode contains discussions about sensitive topics, including suicide, which may be distressing for some listeners. If you are experiencing thoughts of suicide or emotional distress, help is available. You can contact the National Suicide Prevention Lifeline by dialing 988 to connect directly with trained counselors who can provide support and assistance 24/7. ____ Could you be ensnared in an elaborate Ponzi scheme ? According to today’s guest, cases of financial...
Mar 22, 2024•51 min
Has the job market finally flipped? Throughout most of the pandemic, it seemed that any and every worker was a hot commodity. Job-hopping was the new norm as businesses outbid each other to get the best talent. Now, thanks to rising interest rates , a slower economy , and a return to the office, it seems that employees don’t have the same negotiating power they did just a couple of years ago, and the new jobs numbers are showing this. Welcome to a new type of format on the BiggerPockets Money po...
Mar 19, 2024•30 min•Ep. 512
Could one side hustle help you pay rent , save money to invest in real estate , or reach financial independence ? Today’s guest picked up the perfect hobby that combines his background in art and love for home décor . The best part? It allows him to make extra money each month! Welcome back to the BiggerPockets Money podcast ! Because Kyle William earns a modest salary in an expensive city , there’s no room for new furniture and décor in his budget . However, he has found a way to not only fully...
Mar 15, 2024•37 min•Ep. 511
Morgan Housel ’s ground-breaking book, The Psychology of Money , changed how many Americans thought about saving , spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, Same as Ever . In Same as Ever , Morgan doubles down on what has, and most likely al...
Mar 12, 2024•49 min•Ep. 510
