123 episodes

For those who have money… or want more of it!
Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.

BiggerPockets Money Podcast BiggerPockets

    • Investing

For those who have money… or want more of it!
Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.

    117: Coronavirus Q&A with Scott & Mindy

    117: Coronavirus Q&A with Scott & Mindy

    Today, Scott and Mindy discuss the biggest news story of the century: Coronavirus or COVID-19.

    This episode covers a wide range of topics both money and real estate -- with a guest spot from Brandon Turner, who answers the number one question on every real estate investor’s mind: What do I do if my tenant(s) can’t pay rent?

    You'll also learn what resources are available for people whose incomes have taken a hit, and get answers to questions such as: should I continue with the purchase of a property I have under contract, and should I continue to pay down debt or take advantage of this current market?

    These are scary times, and it can be easy to cut and run or throw out your carefully-laid plans in favor of an instinctive reaction. So now is a good time to detach, assess your options, and chart a course forward.

    If you have Coronavirus fears, you’re not alone. Scott, Mindy, and the entire BiggerPockets Money Community are here to help you weather this storm.

    In This Episode We Cover:How to invest from a position of strengthHow to tackle debt during this timeHow to do a "financial reset"What the 4 Percent Rule is in Financial IndependenceBrandon's tip when tenants don't pay rentWhat practical things can landlord do in these timesHow to take advantage of the current situationList of resources for those who are out of workBiggerPockets reminders that you should considerAnd SO much more!Links from the ShowBiggerPockets Money Podcast 116BiggerPockets Money Facebook GroupBiggerPockets Investments CalculatorBiggerPockets Podcast 374BiggerPockets Podcast 364BiggerPockets Real Estate PodcastBiggerPockets Money Podcast 70BiggerPockets Money Podcast 55BiggerPockets Money Podcast 55.5BiggerPockets Money Podcast 114BiggerPockets Money Podcast 85Mr. Money MustacheHow The 4% Rule Holds Up A Quarter-Century Later - ForbesReal Estate RookieCOVID-19 Financial Resources: Relief To Those Impacted - iHeartBudgets197 Emergency Financial Assistance Resources (National & by Major City) - Frugal Confessions50 immediate hire work from home jobs near me (2020) - Mrs Daaku StudioBiggerPockets ForumsThe BiggerPockets Book Store

    • 1 hr 17 min
    116: Long-Term Investing: Coronavirus Changes Nothing with JL Collins

    116: Long-Term Investing: Coronavirus Changes Nothing with JL Collins

    The stock market is up, then down, then down, then up. What is an investor to do?

    Today we bring JLCollins from JLCollinsNH.com back to the show to calm our fears and help us understand what is happening with the stock market.

    The market is falling. Or maybe today it’s rising. It’s SO VOLATILE, it can be scary to stay invested - especially if you’ve never been through a market downturn.

    JL expertly explains what’s going on - and his recommendations for the best course of action - based on 40 years of investing in the stock market (and making a boatload of mistakes along the way.)

    Long story short, stay the course. 105 years of historical stock market data says this too shall pass.

    While JL is an expert on the stock market, he doesn’t invest in real estate, so Scott and Mindy share their views about the real estate market and what this current stock market volatility might mean for real estate investors. They also share ways to hedge your bets in rental property investing through fully funded reserves.

    If you’re freaking out about the stock market, this episode can help calm your fears and keep you on the right course to give you the most chance for financial success.

    In This Episode We Cover:Why are people freaking about the crashHow one should handle this market drop if you risk losing your jobWhen to prepare emergency funds and how much to put into itWhy you should hold your portfolio foreverWhat an Index Fund isWhy it is important to "ignore" the marketHow index outperform stock pickingHow one can never time the marketHow those who say they predicted the market only did it because of luckThe only time the market is not going to recover...And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL CollinsMr. Money MustacheTaking advantage of Mr. BearA Guided Meditation for When the Stock Market Is DroppingStocks — Part XXXII: Why you should not be in the stock marketTime Machine and the future returns for stocksPinterestDow Jones - DJIA - 100 Year Historical Chart | MacroTrendsBiggerPockets Money Podcast 95: The House Hacking Strategy with Craig CurelopBiggerPockets Money Facebook PageMindy's emailScott's email

    • 1 hr 13 min
    115: Growing an Empire From Nothing with Felipe Mejia

    115: Growing an Empire From Nothing with Felipe Mejia

    Felipe Mejia’s relationship with money started at an early age - when his parents divorced and his world turned upside down. His mother introduced him to the power of real estate by fixing up the basement and renting it out to generate income.

    His mother further influenced his money story by creating her own cleaning company and introducing Felipe to a client who hired Felipe to clean up his job sites. Felipe put his own spin on that by hiring the work out for a slightly lower rate than he was getting.

    Real estate became Felipe’s main source of income, generating enough that he does not have to work a traditional job any longer.

    Felipe Mejia, along with Ashley Kehr from Episode 114 are the hosts of BiggerPockets newest Podcast, Real Estate Rookie.

    Together, they share stories of real estate successes - as well as encouragement to get started investing in real estate.

    The Real Estate Rookie show is for anyone interested in investing in real estate - and needs a little encouragement.

    The Real Estate Rookie Podcast airs on Wednesdays wherever you get your podcasts.

    In This Episode We Cover:Felipe's money storyHow important money is for FelipeWhat he did to his first rental propertyThe importance of putting money into an investmentHow he earned money during his quest to join the police departmentOn getting attracted to the power of earning passive income through real estateOn house hackingChallenges he encountered in terms of his rental propertiesHis advice on getting one’s spouse onboardHow he approaches cash reservesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastAirbnbReal Estate Rookie Podcast

    • 1 hr 7 min
    114: Paying Off Debt Through Conscious Spending and Real Estate Investing with Ashley Kehr

    114: Paying Off Debt Through Conscious Spending and Real Estate Investing with Ashley Kehr

    Ashley Kehr married a dairy farmer. With a dairy farm comes farm equipment. And with farm equipment comes farm equipment loans—to the tune of around $169,000.

    Three years ago, she read Total Money Makeover by Dave Ramsey, and it CHANGED. HER. LIFE.

    Ashley knew she needed to get rid of their debt, but her husband wasn’t totally on board with the plan. So she tackled her student loan debt first—and proved to her husband that this was the right financial plan for their family.

    She quit the job she didn’t like and transitioned into property management, which introduced her to her current love of real estate.

    Real estate started providing a very generous income stream to help supplement her family’s income. When she didn’t have her own money to invest, she partnered with someone who did. When she didn’t have experience to do the project at hand, she partnered with someone who did.

    Ashley’s story is a delight to listen to. She walks us step by step through the process she took to find these partners, find these properties, and generate this income stream for her family.

    If you’re thinking about getting into real estate as a source of passive income, this is a must-listen episode!

    In This Episode We Cover:Ashley's money journeyHow Ashley and her husband accumulate both rental properties and debtThe moment she purchased her first rentalHow her rental income helps her to be more conscious about moneyAshley and her partner's agreement on their investments2 rules to analyze markets for rentalsWhat a portfolio loan is and how to use itAshley's method of recycling her cash to buy more propertiesWhat her lifestyle looks like after reading Dave Ramsey's bookDebt snowball methodHow Ashley managed her various properties with various partnersAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastBiggerPockets Business PodcastBiggerPockets CalculatorsBiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley KehrBiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL CollinsBiggerPockets Money Facebook GroupBiggerPockets Money Survey

    • 1 hr 17 min
    113: Single Hourly Employee with No College Degree and STILL FI by 40 with Bianca DiValerio

    113: Single Hourly Employee with No College Degree and STILL FI by 40 with Bianca DiValerio

    This week we sit down with Bianca DiValerio, a flight attendant who makes an hourly wage, has no college degree, experienced THREE short sales during the economic downturn, and yet is STILL financially independent—all before turning 40.

    How did she do it?

    She saved her money. She didn’t spend it on things that didn’t matter to her.

    There is literally NO secret sauce to her story. In fact, she thought she had her future planned out! She had purchased three rental properties to provide a stream of passive income—only to lose them to short sale when unexpected special assessments of $5,000 each became too much for her to afford.

    And yet, she saved her money. She didn’t spend it on things that didn’t matter to her.

    And she dug herself out of the financial hole that the short sale pushed her into. She pulled herself back up and started her nest egg over, saving enough to pay cash for a unit in the same building, so she’d never lose her home again.

    She’s turned that into a rental, lives in a caboose five months out of the year (yes, a TRAIN CABOOSE), and while she has enough money to never HAVE to work again, she enjoys her job, can literally choose when she works, and is living her best life.

    Bianca is proof that you can recover from an unplanned financial catastrophe, thrive, and STILL reach financial independence—all before you turn 40. You just have to follow the proven path to financial freedom.

    In This Episode We Cover:Bianca's journey with moneyHow she avoid on having debtThe problem with not having a college degreeWhat happened after she got her job as a flight attendantHow she got into real estateHer thoughts on investmentThe importance of having cash reservesHer credit score after her three short salesThe moment she came across the FIRE movementHer experience living in a train cabooseReasons to not quit your jobAnd SO much more!


    Links from the ShowBiggerPockets ForumsBiggerPockets Money Facebook GroupBiggerPockets Money Survey

    • 1 hr 22 min
    112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

    112: Choosing the Right Tax Professional for YOUR Specific Needs with Natalie Kolodij

    Natalie Kolodij is a tax strategist. (You’ve probably seen her in the forums!) With April 15 looming around the corner, we’re going to chat about ways to choose the RIGHT tax professional who can best serve YOUR specific needs.

    Natalie also shares a few red flags about potential tax preparers, as well as specific things your tax pro should be asking for—and what it means if they do not.

    She’ll also share some common missed deductions that can cost you BIG and how to prepare and organize your documents so your tax pro can process your returns quickly, efficiently, and with the least amount of time billed to you.

    Looking for that seemingly-elusive real estate professional status? Natalie explains in detail how to qualify for this lucrative benefit. She even shares how long you can depreciate a kangaroo!

    If you’re a taxpayer, this show can help you save time and money. If you’re a real estate investor/taxpayer, you can’t afford NOT to listen to Natalie’s advice!

    In This Episode We Cover:The right time for somebody to start looking for a tax professionalHow to find a tax professionalHow important state-specific knowledge isWhat a true expert can bring to the table regarding your returnWhat a real estate professional isBenefits of consulting a tax professional prior to buying a propertyHow to prepare for a meeting with your tax professional3 most common errors—check these before submitting your returnHow to approach a tax return for a house hack or duplexWhat to do if you recognize issues with past returnsWhat depreciation recapture isAnd SO much more!Links from the ShowMileIQ: Mileage Tracking AppBiggerPockets ForumsBiggerPockets Money Facebook GroupBiggerPockets Money Survey

    • 1 hr 13 min

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