BiggerPockets Money Podcast

BiggerPockets
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BiggerPockets Money Podcast

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.

  1. Motley Fool’s Ricky Mulvey: Why I’m Buying MORE Stocks Despite Growing Recession Risk

    21H AGO

    Motley Fool’s Ricky Mulvey: Why I’m Buying MORE Stocks Despite Growing Recession Risk

    Are we headed right for a recession, or are stocks on sale? We don’t own a crystal ball, but Ricky Mulvey from The Motley Fool is capitalizing on the recent stock market swing by loading up on some of his favorite equities. Stay tuned to find out if now is an ideal time for YOU to “stock up,” too! Welcome back to the BiggerPockets Money podcast! In light of the recent market pullback, Ricky is going to share why he thinks it’s the right time to take advantage of low stock prices. He’ll discuss some of his best bargain buys, his biggest portfolio wins and losses in recent years, and, most importantly, the four-step approach you can use to identify stocks that could be set to soar in 2025. If you’re a regular listener, you know that Scott and Mindy are partial to stashing their money in index funds, sitting back, and watching their wealth snowball over the long haul. You might say that Ricky has a slightly larger appetite for risk, as he isn’t opposed to picking stocks, timing the market, and getting out after three to five years. Stick around to find out if his strategy works! In This Episode We Cover Whether now is the time to buy stocks after the recent market pullback Ricky’s four-step approach to finding value in the stock market Using insider buying activity to find potential investing opportunities How to prevent “tax drag” when buying and selling off stocks Reviewing Ricky’s biggest portfolio wins and losses (Meta, Spotify, and more!) And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Motley Fool Money Podcast Ricky’s Twitter/X A Simple Path to Wealth One Up on Wall Street Get Fast, Affordable Landlord Insurance with Steadily Get $100 Off Your Tickets to BPCON2025 in Las Vegas, Nevada Grab Scott’s Book, “Set for Life” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate (00:00) Intro (01:09) The Recent Pullback (08:53) Hunting for Value (18:55) Portfolio Wins & Losses (24:58) Holding Periods & “Tax Drag” (30:18) Why Costco Is “Safe” (33:05) How to Pick Stocks (38:50) Connect with Ricky! (40:45) Do Your Research! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-620 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    55 min
  2. Is the 4% Rule Dead?

    4D AGO

    Is the 4% Rule Dead?

    Is the 4% rule dead? Most FIRE-chasers are using this retirement rule completely wrong, and it could cost them their financial freedom. With stock prices falling and many Americans fearing another recession, now is the time to tighten up your retirement portfolio and ensure you can survive if stock prices correct or crash. If you get this wrong, you could delay your FIRE for years or have to go back to work mid-retirement. The 4% rule is one of the most bulletproof retirement formulas. It’s simple: Build a portfolio from which you can comfortably withdraw 4% annually. Need $40,000 per year to live? Your FIRE number is $1,000,000. Need $100,000 per year? Then you’re looking at $2,500,000. This math has been checked, double-checked, and triple-checked to withstand even the greatest economic depressions. However, most people have their portfolio set up WRONG, and it could put them at significant risk. So, how do you ENSURE you can retire (early) with the 4% rule? What hedges should you make in your portfolio so your wealth stays afloat even as the economic tide starts to turn? What are Scott and Mindy doing now to prepare for a rocky stock market? Don’t miss this one—it could cost you your FIRE! In This Episode We Cover The 4% rule explained and whether it still works in 2025 and during market downturns  Why your FIRE portfolio is WRONG, and it could be at massive risk right now  How to prepare for an economic downturn to ensure you stay FIREd or on the path to FIRE What Scott is selling and buying right now to protect his wealth (will his strategy work?) Alternatives to the 4% rule that will protect your retirement portfolio even during the greatest of depressions  And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel BiggerPockets Real Estate 1,095 - Scott Trench: How I'm Protecting My Money From “Irrational Exuberance” BiggerPockets Money 120 - Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces The Rational Investor’s Case Against Bitcoin Dow Jones - DJIA - 100 Year Historical Chart Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Get to FIRE Faster with “Set for Life” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area (00:00) Is the 4% Rule Dead? (04:39) You CANNOT FIRE with This (11:42) How to Prepare for Downturns (21:12) Assets That Are At Risk (23:17) What Scott’s Buying/Selling (28:29) Alternatives to 4% Rule Portfolio (34:21) Do You Trust the 4% Rule? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-619 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    43 min

  3. 6D AGO

    Losing $150K, Starting Over, and STILL Retiring Early | Life After FIRE

    Think you’ve blown your chances of achieving FIRE? You haven’t! Just ask Nik Johnson, who spent years growing his nest egg, only to have it completely wiped out with one bad financial decision. Despite losing everything, he managed to rebuild it from ground zero and still retire early! Welcome to another episode of “Life After FIRE”! Nik and his wife had done everything right. They practiced frugality, saved aggressively, and invested at every opportunity. But everything was turned on its head when Nik decided to empty his retirement accounts and open a car dealership. Within just one year, Nik’s company had gone belly up, and as a result, all the money he had worked so hard to save was gone. It seemed that he had missed his one shot at early retirement, but rather than giving up on that dream, he started over. If he could do it once, he could do it again! So, Nik found a W2 job, picked up a second job to fast-track his savings, and started throwing all his money at retirement accounts and real estate investments, and now, he and his wife are recently retired! Stick around as Nik shows you how to avoid the middle-class trap, what life looks like after FIRE, and the importance of community once you retire! In This Episode We Cover How Nik built, lost, and rebuilt his investments and still achieved FIRE Supercharging your investments by creating extra income streams How not to find seed money for a risky entrepreneurial venture The savvy financial moves Nik made to avoid the middle-class trap What the average “day in the life” of an early retiree looks like Why you need a strong community around you once you retire And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Everyday Money Heroes Podcast Join a ChooseFI Group Grab the Book, “Set for Life” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38 Connect with Carl (00:00) Intro (01:22) Growing His “Empire” (08:58) Losing $150K! (12:05) Rebuilding His Wealth (16:48) Life After FIRE (24:20) Nik’s Investment Portfolio (28:34) Connect with Nik! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-618 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    36 min
  4. How to Stay Rich During FIRE by Dodging the 4 Financial “Horsemen”

    MAR 18

    How to Stay Rich During FIRE by Dodging the 4 Financial “Horsemen”

    You’ve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely. Unknown to most FIRE-chasers, four financial “horsemen” (of the personal finance apocalypse) could steal your wealth right out from under you, without you even realizing it. What are the four horsemen, and how are we protecting our FIRE portfolios from them? To make sure you not only become wealthy but stay wealthy, we brought Whitney Elkins-Hutten, author of Money for Tomorrow, on the show to share the best ways to keep your portfolio safe from the four horsemen. Whitney scaled her portfolio from almost nothing to life-changing wealth, and she could have lost it all if she hadn’t learned how to protect it. Mindy and Scott tag-team to show YOU how to protect your FIRE from these four horsemen, including sharing what they’re doing right now to set themselves up for a successful (and safe) financial future. Don’t let your wealth get drained before OR during FIRE; take these tips to heart ASAP!  In This Episode We Cover The four “horsemen” that could destroy your FIRE lifestyle and disrupt your generational wealth How Whitney went from accidental house flipper to financially-free investor  The overlooked investing “fees” that could cost you hundreds of thousands of dollars Why you’re (probably) paying too much money for insurance (and how to start saving) When (and when not) to pay off debt and which balances to prioritize first And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Grab Whitney’s Book “Money for Tomorrow” Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025 Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area The Points Guy’s Travel Hacking Tips to Fly for FREE in 2025 Connect with Whitney   (00:00) Intro (06:00) "Ownership" Makes You Rich (10:09) Aggressively Investing in Rentals (11:52) This Could Destroy Your Wealth (19:07) Which Debt to Pay Off (23:14) Save Thousands on Insurance (30:23) This Could Delay Your FIRE (37:08) STOP Being Scared of Taxes! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-617 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    52 min
  5. Can I Hit Financial Independence by 50 with THIS FI Number? (Finance Friday)

    MAR 14

    Can I Hit Financial Independence by 50 with THIS FI Number? (Finance Friday)

    Is your FI number TOO high? Whether you are ultra-conservative with your finances or want a lavish retirement lifestyle, setting a high bar could make your financial independence journey much harder…but not impossible. Today, we’ll provide a roadmap for building massive wealth! Welcome back to the BiggerPockets Money podcast! With a six-figure income and a six-figure net worth at just 25 years old, Austin Crofoot should have no problem reaching financial independence by age 50, right? The only issue is that his FI number of $5,000,000 is much higher than most. As you’re about to hear, he’ll need to make several “bets” over the next few years, cross his fingers, and hope that at least one of them pays off in a huge way. Like many in the FIRE community, Austin also wants to avoid the middle-class trap. Scott and Mindy will show him how to balance his retirement accounts with a mix of cash, brokerage accounts, and real estate investments—giving him the financial flexibility to pursue entrepreneurial ventures and retire on his terms. Stick around to hear how Austin can take advantage of a rebounding housing market by taking on assumable mortgages with rock-bottom interest rates! In This Episode We Cover The “levers” Austin needs to pull to reach his $5,000,000 FI number The roadmap to achieving financial independence by age 50 How Austin built a six-figure net worth by just 25 years old Building wealth by taking on assumable mortgages with low interest rates Why the Austin, Texas housing market is poised to bounce back in 2025 Reducing your taxable income to maximize Roth IRA contributions And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-616 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    1h 1m
  6. Ditch Corporate! Start Taking the “Slow” Path to Retirement w/Tae Kim | Life After FIRE

    MAR 12

    Ditch Corporate! Start Taking the “Slow” Path to Retirement w/Tae Kim | Life After FIRE

    The “death march to FI” isn’t for everyone. If you’re tired of climbing the corporate ladder or lacking a sense of purpose at your W2 job, it’s not too late to escape the rat race and design the life you want, just like the “Financial Tortoise,” Tae Kim, did! In this episode of “Life After FIRE,” Tae returns to the show to discuss his move from the corporate world to a job that gives him the freedom and flexibility to travel, spend more time with his family, and actually enjoy the journey to FIRE. For years, Tae was dead set on achieving his goal of becoming a chief financial officer (CFO), but as he approached the summit, he realized just how much freedom and control he was giving up. So, he started implementing a plan to quit and pursue entrepreneurship instead! In four years, Tae went from making $0 on YouTube to over $250,000 per year. Today, he and his wife are comfortably coast FI, traveling the world, creating personal finance content, and continuing to save for retirement where they can. Stay tuned as Tae shares how he “reinvented” himself in his late 30s and the moment he realized he had “made it” on YouTube! In This Episode We Cover Why Tae quit the corporate grind right before reaching his lifelong goal Building a financial runway that allows you to pursue entrepreneurship Crucial financial steps to take before leaving your nine-to-five job How to start an online business that gives you financial freedom Why it’s never too late to “reinvent” yourself and design the life YOU want And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Tae’s YouTube Buy the Book “The Quitter’s Manifesto” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area How to Become a “Quiet” Millionaire and Avoid the Financial Guru Trap Connect with Mindy Connect with Carl (00:00) Intro (01:08) Tae’s Money Story (05:57) Quitting Corporate (10:51) “Making” It on YouTube (18:23) Expectations vs. Reality (24:20) Current Income & Expenses (27:58) Design the Life You Want! (30:49) Connect with Tae! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-615 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    39 min
  7. How the Top 1% Invest (and How Do YOU Compare?)

    MAR 11

    How the Top 1% Invest (and How Do YOU Compare?)

    How do the top 1% of Americans invest their money, and how do your investments compare? We’re breaking down the data, showing what the wealthiest Americans are invested in and how to copy their 1% portfolio so you can invest like the ultra-wealthy. To be in the top 1% of Americans, you must have at least eight figures. And while that’s a Fat FIRE number, most of us don’t need tens of millions to retire early. But copying some of the tactics of the top 1% could get you there faster. One thing slingshots average Americans to the top 1%, and even the top 0.1%, but you don’t have to bank on this huge bet to get there. Surprisingly, the top 1% invests in assets that YOU already have access to, not elite-only investment opportunities or massive business deals. They’re invested in FAR more passive assets than you’d think, so you don’t HAVE to build a real estate portfolio to get there. What gives you the best chance of hitting the top 1% in wealth? Maybe you don’t want to go that far—how do you get to the top 10%? Scott and Mindy share a few strategies that could skyrocket your net worth into the tens of millions—if you’re willing to do the work. Plus, they reveal where to park your money once you reach the top. In This Episode We Cover The average net worth of the 1% and the 0.1% in America (less than you’d think) How the 1% invest their money and why they AREN’T heavily invested in real estate  The best investment for the chance of breaking into the top 1% The “middle-class trap” that the 1% escape, but the upper-middle-class can’t How the top 1% invest now compared to pre-pandemic and pre-2008 And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel Fed Assets by Wealth Percentile Group in 2024 Get $100 Off Your Tickets to BPCON2025 in Las Vegas, Nevada Grab “The Millionaire Next Door” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area BiggerPockets Money 325 - How to Buy Yourself a 6-Figure Income Stream w/Tim Delaney Fed Assets by Wealth Percentile Group in 2024 (00:00) Intro (01:12) Top 1% Net Worth (08:49) The Top 1% Portfolio (16:05) How Their Investments Evolve (17:40) Cheat Code to 1% Status? (21:12) Average American vs. 1% Investments (29:46) Best Investment to Become 1%? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-614 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    45 min
  8. Are You Headed for FIRE or the Middle-Class Trap? (Finance Friday)

    MAR 7

    Are You Headed for FIRE or the Middle-Class Trap? (Finance Friday)

    If there’s an issue that keeps aspiring early retirees up at night, it’s the dreaded middle-class trap. At just 28 years old, this financially savvy couple is already looking for ways to avoid this issue. Whether you’re just starting your FIRE journey or approaching early retirement, we’ll show you how to do the same in today’s episode! Welcome back to the BiggerPockets Money podcast! So far, Leah and Zach Landis are doing everything right. They earn high incomes, they spend very little, and they invest the difference. Well on their way to retiring early, they plan to quit their jobs by age 45 or sooner! But will their current asset allocation get in the way of their big goal? What kind of bridge will they need to tide them over until traditional retirement age? Will having children impact their financial freedom? Fortunately, Leah and Zach have all kinds of options. Tune in as Scott and Mindy dive into the couple’s budget and discuss their best path forward. Along the way, we’ll debate whether they should pause their 401(k) contributions, double down on brokerage accounts, and deploy their cash savings on their “dream” home! In This Episode We Cover Breaking down Leah and Zach’s best path to FIRE by 45 (or sooner!) The middle-class trap explained and how to avoid (or escape) it The BEST ways to invest your cash and make it work harder for you How much you should expect to pay in taxes once you reach retirement When to stop growing your 401(k) plan (and where to invest instead) And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook BiggerPockets Money YouTube Channel BiggerPockets Money 219 - Syndications: Everything You Need to Know BEFORE You Invest Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Get $100 Off Your Tickets to BPCON2025 in Las Vegas, Nevada Buy the Book “Rich Dad Poor Dad” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area BiggerPockets Money 456 - The Harsh Reality Real Estate Syndications (and Investors) Face in 2024 Connect with Leah Connect with Zach (00:00) Intro (01:05) Leah & Zach’s Money Journey (08:20) Money Snapshot (12:27) Buying the “Dream” Home (18:33) Best Ways to Invest Cash (26:51) Avoiding the Middle-Class Trap (36:28) Maxing Out the 401(k) & HSA (47:06) Don’t Get Trapped! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-613 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

    56 min
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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.

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  • Channel
    BiggerPockets
  • Creator
    BiggerPockets
  • Years Active
    2017 - 2025
  • Episodes
    630
  • Rating
    Clean
  • Copyright
    © Copyright © 2024 BiggerPockets. All Rights Reserved. Disclaimer: The information contained in this podcast is for general informational purposes only. In no event will BiggerPockets be liable for any loss or damage derived from the information provided.
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    BiggerPockets Money Podcast

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