133 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
    • 4.6, 1.9K Ratings

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.

    126: 16 Money Skills They Didn't Teach You In High School with Scott & Mindy

    126: 16 Money Skills They Didn't Teach You In High School with Scott & Mindy

    Financial Education is so important - but so many people are graduating high school without the basic skills to make informed decisions.

    Today, Scott & Mindy sit down to share some of the big money moves you should make - as well as some of the big money mistakes you should avoid.

    These are the tips you didn't learn in high school. From choosing a major wisely (or even deciding if college is truly the right choice for you) to paying for college, to truly understanding just how much it will cost you to pay back your student loans, the decisions you're making now, entering college, are going to affect your financial future for years to come.

    They also discuss relationships, and how those can also have a huge impact on your finances.

    Other big decisions you need to consider include how and when to get a first credit card - and how to use it properly to improve and increase your credit score.

    Scott & Mindy also dive into just exactly what a credit score is - and how its far-reaching influence can affect your job and housing.

    Scott also shares his unique views on wants and needs - and how to minimize the costs of the needs so you can afford a few wants.

    This episode is a great intro to financial education for young adults who are eager to make excellent financial decisions and put themselves on the path to freedom.

    In This Episode We Cover:Decision-making process after highschoolThe difference between subsidized and unsubsidized student loansThe importance of calculating total student loansEverything you need to know about credit scoresThe difference between good and bad debtHow relationships impact money and the importance of prenupWants vs. needsRoth IRAs, traditional IRAs, and 401(k)sHow to set up automatic investmentsAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupMindy's Post on BiggerPockets Money Facebook GroupBiggerPockets Money Podcast 44 with Tinian CrawfordBiggerPockets Money Podcast 22 with Travis HornsbyWhich to Borrow: Subsidized vs. Unsubsidized Student LoansStudent Loan CalculatorBiggerPockets Money Podcast 64 with Zach GautierBiggerPockets Money Podcast 35 with Craig CurelopBiggerPockets Money Podcast 81 with Erin LowryFidelity InvestmentsVanguard

    • 1 hr 1 min
    125: Ready to Retire: The Ultimate Pre-Retirement Checklist with The Retirement Manifesto

    125: Ready to Retire: The Ultimate Pre-Retirement Checklist with The Retirement Manifesto

    In today’s episode, we speak with Fritz Gilbert from The Retirement Manifesto and go through his checklist to ensure a smooth transition into your new life.

    Fritz speaks from experience and wrote the checklist during his own transition, starting five years out.

    Oh yes, FIVE YEARS. If you want a smooth transition, you’ll need to plan ahead.

    Scott and Mindy go through the checklist with Fritz, starting at five years before your retirement date. (They even touch on what to do BEFORE five years out.) Fritz’s list is extremely thorough and includes things you’ve most likely NOT even thought about.

    From paying down debt to checking in with a financial planner to transferring all that personal stuff you currently have on your work computer or in your work email, we cover the obvious. But more importantly, we also touch on the “Oh man, I totally forgot to do that” stuff, which can be the difference between a seamless transition and one filled with “I wish I had done things differently.”

    Fritz is such an expert in retirement planning that he wrote a new book about it: Keys to a Successful Retirement: Staying Happy, Active and Productive in Your Retired Years.

    In this book, Fritz shares 24 keys to a great retirement—once you’ve made sure the transition goes well.

    If you are on the path to retirement, this episode is NOT to be missed!

    In This Episode We Cover:What his pre-retirement checklist is all aboutWhat his financial position looks like five years prior to retirementHis advice to people who are pursuing financial independence before startingThe "one more year" syndrome5-year, 3-year, 2-year, 1-year, and 6-month checklists before retiringQuitting your jobAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets Money Podcast 41 with Kyle MastBiggerPockets Money Podcast 84 with Kyle MastBiggerPockets Money Podcast 118 with Kyle MastBiggerPockets Money Podcast 55 with Millennial RevolutionBiggerPockets Money Podcast 55.5 with Millennial RevolutionLastPassThe Ultimate Pre-Retirement ChecklistEarly Retirement Calculator20 Steps To Take In The Before RetirementThe First 6 Steps To Financial WealthSo You Want To Be A MillionaireFreedom For Fido

    • 1 hr 28 min
    124: Starting from $0 at Age 35 as a Teacher and Becoming "The Millionaire Educator"

    124: Starting from $0 at Age 35 as a Teacher and Becoming "The Millionaire Educator"

    Gerry Born is a teacher who is married to a teacher. He started his financial independence journey when he was 33—with a wife, $45,000 in college debt, and a job in Saudi Arabia teaching English as a second language (ESL).

    He knocked out his debt in two years, then threw everything he could into savings. The ESL job provided everything but internet and phone, so he really didn’t need to spend much money if he didn’t want to.

    After 9/11, they moved back to the United States and got jobs teaching—and you know what kind of salaries teachers make!

    Unhappy with that particular school, they moved on to a different one and discovered the magic of the 457 plan. A 457 plan is an additional retirement savings vehicle available to teachers and some public employees. It has the same contribution limits as a 401(k) but can be immediately accessed penalty-free as soon as you separate service from your employer.

    Gerry uses this to fund his life while reducing his taxable income to as close to zero as possible.

    If you’re starting late—or if you’re a teacher or public employee—this episode provides tips for funding retirement that will blow your mind!

    In This Episode We Cover:How he retired early on a teacher's salaryThe tax advantages he swears byThe reason why he maxed out his 457 plan firstWhat a 403(b) plan isHis job in Saudi ArabiaHow he got into the concept of financial freedomHow he paid off his debtHow he saved his moneyHow he maximized his incomeAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets Money Podcast 39How We Saved 250k by Taking Crappy Jobs - The Millionaire EducatorMr. Money Mustache

    • 1 hr 13 min
    123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

    123: Carefully Crafting Financial Independence Through Passive Income with Avery Heilbron

    Joining us today is Avery Heilbron, a listener on his way to financial independence through real estate investing. But Avery isn’t going all out and buying up every property as fast as he can. He’s making calculated purchases that allow him to live for free - and also cashflow while he’s there even though he lives in a high cost of living area. Once he moves out, that cashflow increases even more!

    Avery is also thinking ahead, and mitigating his risk of non-payment of rent by using the Section 8 rental assistance program to help guarantee rent payments. 

    Oh, and Avery is 25. 

    He went to college on a soccer scholarship, worked through school, studied hard and graduated with ZERO student loans and a great job.

    Do you have high school or college students in your life? This episode can help give them direction and encouragement that a little careful thought can have a HUGE impact on your future financial situation.

    In This Episode We Cover:How he purchased a property that was originally listed for $800k in January of 2020 for less than $700k Avery's journey with moneyHow he discover financial freedomTalking about FHA loan and why it is so unattractive to sellersHis plans to achieve financial independenceTalking about his rental propertiesHis philosophy on reservesWhat Section 8 program isOn house hackingHis side hustleAnd SO much more!Links:BiggerPockets ForumsShould I charge my Girlfriend rent?Real Estate Rookie Facebook GroupBiggerPockets Money Facebook GroupThe Official BiggerPocket Facebook GroupBiggerPockets Podcast 356Check the full show notes: http://biggerpockets.com/moneyshow123

    • 1 hr
    122: Getting Back to Financial Independence Basics - Using Lockdown to Reset Your Finances

    122: Getting Back to Financial Independence Basics - Using Lockdown to Reset Your Finances

    Scott and Mindy have focused on Coronavirus for the last few episodes - talking to experts about how the virus has affected the stock market, the 4% rule, and even early retirees.

    They’ve interviewed Financial Planners to get tips for using the current market conditions to their advantage, as well as chatted with a mortgage broker to determine the best time to refinance. 

    In this episode, Scott and Mindy talk about lifestyle creep - and how they have both been affected over the last couple of years. They revisit the basics of Financial Independence, spending less than you earn, increasing your income, investing wisely, creating multiple sources of income, and living your best life once money has been taken care of.

    Using their lockdown spending as a guide, Scott and Mindy go through the steps they’ve taken and the changes they’ve made to their expenses - including what they will add back once the world reopens and what expenses they don’t miss.

    This episode will help you get back to your Financial Independence basics, too.

    In This Episode We Cover:The basics of Financial IndependenceSpending less than you earnHow Scott and Mindy save their moneyHow their spending changedIncreasing your incomeInvesting in low cost, quality investment vehiclesCreating multiple, passive streams of incomeLiving the life you truly loveAnd SO much more!Links from the ShowBiggerPockets Money Podcast 116 with JL CollinsBiggerPockets Money Podcast 41 with Kyle MastBiggerPockets Money Podcast 84 with Kyle MastBiggerPockets Money Podcast 118 with Kyle MastBiggerPockets Money Podcast 119BiggerPockets Money Podcast 120 with Michael KitcesBiggerPockets Money Podcast 121 with Seth JonesBiggerPockets Money Podcast 03 with Erin ChaseBiggerPockets Money Podcast 97 with Financial MechanicBiggerPockets Business Podcast 51 with Nigel GuisingerMintSomething about Food PodcastWaffles on Wednesday: Make Your Own Free Mobile Expense Tracking App in 30 MinutesReal Estate Rookie Facebook GroupBiggerPockets Money Facebook Page

    • 54 min
    121: Should I Refinance Or Wait For Better Rates? How Coronavirus Is Impacting The Mortgage Market with Seth Jones

    121: Should I Refinance Or Wait For Better Rates? How Coronavirus Is Impacting The Mortgage Market with Seth Jones

    In this episode, Mortgage Broker Seth Jones talks about the current mortgage market. We discuss mortgage forbearance - how it affects your credit and why it's NOT a good idea to go into forbearance if you can still make your mortgage payments. 

    We also talk about mortgages - how to apply for a new loan or refinance, what lenders are looking for and how to get the best rate on your new loan. We'll also dive into comparison shopping and how to choose the right lender.

    Lending is tightening up, while rates are dropping. We chat with Seth about what that looks like for a qualified borrower - and how to decide if now is the right time to get a new loan.

    We also discuss different types of funding, primary loans, second home loans and investment properties. We also clarify what mortgage fraud is - and how that can affect you. While it may seem like no big deal, it's actually a very big deal.

    Seth even shares a mortgage checklist below.

    If you need more information about the mortgage process, this episode is a must listen!

    In This Episode We Cover:The right time to take mortgage forbearanceHis thoughts on refinancingHow a first time home buyer should approach their first mortgageCash outlayBarriers to closing besides income disruptionsFive categories of feesThe difference between financing a primary home, secondary home, and an investmentWhat mortgage fraud isAnd SO much more!


    Links from the ShowConsumer Finance Protection BoardCredit KarmaMortgage News DailyBiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL CollinsBiggerPockets Money Podcast 116: Long-Term Investing: Coronavirus Changes Nothing with JL CollinsBiggerPockets Money Podcast 98: Change Your Money Mindset, Change Your Life with Vicki RobinBiggerPockets Money Facebook Page

    • 1 hr 5 min

Customer Reviews

4.6 out of 5
1.9K Ratings

1.9K Ratings

ValRose233 ,

Great podcast, 1 bad guest

Y’all should remove episode 115: dude sounds like a misogynist

podcast listen 2020_Cammie ,

A few issues

I cannot get behind the female host recommending people to work at Amazon where the current work conditions are atrocious. Yes I understand there are bills to pay but a side hustle at Amazon is not worth losing your life over. She also claimed that home improvement doesn’t count in her tracking her budget because it’s not recurring. Well you can say the same thing about buying a boat, new car, etc.

Dsizzle56 ,

Great show

I love this show!

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