368 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

    • Business
    • 4.5 • 2.5K 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.

    Finance Friday: My Home Renovation Put Me in a HELOC Hole

    Finance Friday: My Home Renovation Put Me in a HELOC Hole

    The house hack strategy doesn’t always run smoothly. Turning an old home into a modern, rentable masterpiece takes money—especially if you’re doing a big renovation. One of the easiest ways to get the rehab funds you need? A home equity line of credit (HELOC). But, when used incorrectly, a HELOC’s adjustable interest rate can bury any chance you have at cash flowing, no matter how great of a mortgage rate you get.

    Welcome back to another Finance Friday episode! This time around, we’re tackling a rental property problem that is plaguing today’s guest, Josh. Josh has made some sound financial moves by having a stable income, a great side hustle, and his newest house hack. But, to maximize this house hack’s return on investment, Josh was forced to expand and convert many portions of his newly bought, hundred-and-fifty-year-old home. This forced his budget to shoot up higher than he was expecting. Now, he’s trying to figure out the best move as he manages his debt spread across his mortgage, a high-interest HELOC, a family loan, and more.

    Josh is poised to continue investing in real estate even after this intensive experience. He wants advice from veteran landlords Mindy and Scott on what his next move should be, how he can best capitalize on his remodeled home, and when he might be able to buy the next house hack. If you’re looking to reach financial freedom using real estate like Josh is, this episode is for you!




    In This Episode We Cover

    The house hack strategy and why it’s a phenomenal way for new investors to build wealth

    Home equity lines of credit (HELOCs) and when using this type of debt makes sense

    Home renovation budgeting and what to expect when doing an entire house remodel

    Velocity banking and why this form of leverage isn’t a smart move to make now

    When to sell a rental property and when to keep a cash-flowing investment

    The medium-term rental strategy and how to get higher rents for the same room or unit

    And So Much More!




    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget




    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-359

    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 56 min
    Giving Tuesday 2022: Which Charities Will Use Your Money Wisely?

    Giving Tuesday 2022: Which Charities Will Use Your Money Wisely?

    For the past decade, Giving Tuesday has been a way for everyday Americans to donate their money, or time, to charities and causes that help collectively make the world a better place. Whether it’s a little or a lot, we’re encouraged to give what we can to bridge the gap between those that have so little and many of us that have so much. But how do you know a charity or organization is using your donation accordingly? How can you spot-check to see if your dollars are being used for those in dire need?

    We brought on Elie Hassenfeld, GiveWell co-founder and CEO, to help us navigate the tricky subject of giving to worthwhile charities. Elie knows a thing or two about validating which charities are worth donating to. At GiveWell, he spends his days researching thousands of charities for hundreds of millions of donatable dollars, helping those of us that are too busy to find a home for the donations that we are willing to give.

    In just six tips, Elie will give you the framework for finding a worthwhile charity or organization to give to, so you know that your dollar is being stretched the farthest it can. We also touch on whether or not high administration costs are ared flag, whether it's better to give goods rather than money, and how to truly measure an organization's impact to see how many lives they’re saving or improving with each dollar donated. If you're still on the fence about where to give this Giving Tuesday, head over to GiveWell.org to know your dollar is making a difference! 




    In This Episode We Cover

    Why donating overseas has much more of an economic impact than domestic donations

    How GiveWell validates the charities they approve and how to do the same in your local area

    Top tips for finding a charity that will use your dollar for its highest use

    Red flags to watch out for when researching charities and organizations

    GiveWell’s past mistakes and how they’re using them to grow a better organization

    Top charities that both GiveWell and BiggerPockets recommend donating to (like CrossPurpose!)

    And So Much More!




    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget

    Give Well

     

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-358




    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 44 min
    Budgeting for a Baby: The Costs EVERY New Parent Should Expect

    Budgeting for a Baby: The Costs EVERY New Parent Should Expect

    The cost of raising a child is constantly changing. Every year, a new article comes out claiming that the cost of raising a child is hundreds of thousands of dollars. But is this figure accurate? Could kids actually cost far less than this, or does a few hundred thousand barely even scratch the service? What should new parents know before they bring home their first bundle of joy, and is financial independence even worth pursuing while raising a kid, let alone a few?

    We brought in the Investor Mama, Jen Narciso, who is not only raising kids but also chasing financial independenceand running her own podcast. Jen speaks to mothers all around the world who not only want the best for their children's futures but their finances as well. And, as someone raising two young children, she knows how much kids truly costbetween the car seats, formula, dance classes, doctors' bills, and everything in between.

    And, with Scott as a new dad, he’s got some serious questions to ask about how he can best raise his own daughter on a budget without sacrificing any quality of life in the process. Jen talks through the surprise expenses that most new parents overlook, how to save money on some of the most expensive items you need, the cost of child care and how to make it affordable, and whether to invest for your child’s future or your future retirement!




    In This Episode We Cover

    The average annual cost of raising a child and why it’s not what you’d expect

    Common child care costs and innovative ways to significantly lower your spending

    Surprise expenses you should prepare for and why you always need an emergency fund

    Money tips for new parents and how to sleep soundly even if you’re not financially free yet

    Roth IRA investing for your child and how to fast-track them to financial freedom even earlier

    Medical costs of having a child from delivery to regular doctors visits

    And So Much More!

    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget

    Toysrus

    InvestorMama Podcast

    4 Ways Real Estate Can Help Offset the Staggering Cost of Having Kids

    Taxes, Backdoor Roths, Options, and How to Max Out Your Childrens’ Roths




    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 54 min
    Finance Friday: First Down Market? Here’s How to Stop Stressing

    Finance Friday: First Down Market? Here’s How to Stop Stressing

    Tech stocks were slam dunk investments for the past decade. No matter what you invested in—Google, Facebook, Amazon, or even some obscure AI toaster company—you probably made decent returns. But, after years of continuous economic growth and massive government stimulus, tech stocks are finally starting to get shaky. The problem? New investors like Zoe have huge paper losses on their dashboards. But is this worth worrying over?

    Zoe is an ideal investor. At just twenty-four, she already has close to six-figure wealth, with a house hack, a respectable retirement portfolio, and a solid income every month. She’s making the right moves but feels like some of her most recent choices haven’t hit the mark. She dabbled in stock picking as her income went up, investing in some of the biggest names in tech over the past few years. Her house hack, which is almost letting her live for free, was bought at the top of the market with an average interest rate.

    Zoe needs to know what to do next. Should she sell her tech stocks and invest the money into index funds where she can let it ride? Should she buy a new house hack that allows her to live for free instead of at a discount? And where should she put the thousands of dollars she’s saving every month to ensure her a life of financial freedom in the near future? Zoe has some enviable problems, and on this Finance Friday, we’ll be solving them!




    In This Episode We Cover

    The 2022 stock market crash and whether selling and cutting your losses is a smart idea

    The right way to invest in tech stocks and how to get educated on stock picking

    House hacking and how deals that aren’t “home runs” can still be huge winners

    Getting paid to learn about real estate and using your downtime to boost your financial knowledge

    FHA loans, conventional loans, USDA loans, and other ways to fund a property purchase for low money down

    The right moves to make in your early twenties and why Zoe is a role model for new graduates

    And So Much More!




    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget

    The 4 Steps to Financial Freedom and Debt-Free Wealth

    Is Now the Time to Buy as The Housing Market Starts to Dip?




    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-356




    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 1 hr 2 min
    All the Money Hacks We WISH We Had Known About

    All the Money Hacks We WISH We Had Known About

    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) free, outsource your cooking at a reasonable rate and even get free money once forgotten. Chris should know—he’s done all this and more as he works to optimize every aspect of his life, both financially and personally!

    Chris was hacking at a very young age. In high school, he made a fake magazine so he could score free press passes to concerts. When he was away at boarding school, he would buy whole pizzas and sell them by the slice just to afford a few slices of his own. Then, later when he quit his job to travel the world, Chris and his partner hit over sixty countries, using credit card points to globetrott from South Africa to Singapore!

    Now, as a father, Chris is more concerned about hacking his time. He’s got kids to take care of and doesn’t want to waste a second of his day that could be spent planning for, or playing with, his children. In today’s episode, you’ll hear some of the most insane life hacks, from hiring a personal chef for a fraction of the cost to getting free champagne at any hotel stay and even snagging twenty to thirty percent off of your dream vacation villa. These hacks work (we tried them in real-time), and you may need a pen and paper to write them all down!




    In This Episode We Cover

    Credit card points, travel hacking, and how to get flights for free (or at a steep discount)

    Outsourcing and delegating everything so you spend more of your time with those who are most important

    Simple principles for an optimized life and why conventional wisdom is usually out of whack

    How to get deep discounts off of vacation properties during your next big trip

    Why you should NEVER cancel a flight until twelve hours before takeoff

    Where to find “unclaimed money” you never knew you had (we found some ourselves!)

    And So Much More!




    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget

    All The Hacks Podcast




    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-355




    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 54 min
    Frank Advice on What to Do When a Real Estate Investment Goes Wrong

    Frank Advice on What to Do When a Real Estate Investment Goes Wrong

    You’re one bad real estate investment away from being cash flow-poor and debt-rich. That’s right, not every investment property works out, and when leveraged the wrong way, a single property could put your financial future on the wrong track. While it’s easy to watch social media real estate investors flaunt their infinite cash flow and no money down tricks, buying profitable real estate is a little harder than it seems. Today’s guest, Shane, finds himself in this position, as an over-leveraged investment is causing him to hemorrhage cash.

    Welcome back to another episode of Finance Friday, where hosts Mindy and Scott bring financial suggestions, no matter how extreme, to guests in many different situations. This week, Shane walks through his numbers, and from the start, Scott picks up on a big problem. Shane and his partner bring in a solid amount of income, but it’s slowly slipping out of their accounts every month as an overleveraged short-term rental property and high consumer debt eats away at their respectable income.

    This isn’t an easy position to dig yourself out of, and Scott has some serious suggestions for Shane that could flip his financial position 180 degrees. But, doing so will require Shane to make drastic moves that will force him to reevaluate his relationships with spending and debt. While this “rip off the band-aid” type approach can be painful at first, it could save Shane years' worth of time on his path to real estate riches.




    In This Episode We Cover

    Staying away from consumer debt and how it can destroy your financial position

    Real estate leverage and why too much of it can cause you to have negative cash flow

    Sacrificing subscriptions, eating out, and other spending categories that may be tanking your budget

    Having a money date with your partner or spouse to get on the same financial footing

    The biggest moves to make if you’re serious about getting out of debt and on the path to financial freedom

    Budget busters and how to build a more sustainable pattern of spending

    And So Much More!




    Links from the Show

    Find an Investor-Friendly Real Estate Agent

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Check Out Mindy’s 2022 Live Spending Tracker and Budget

    Designing a Frugal But Luxurious FI Life by Age 32

    Food Spending Eating Away at Your FI Plans? Here’s How to Eat for Cheap

    BudgetBytes.com

    The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple




    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-354




    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 58 min

Customer Reviews

4.5 out of 5
2.5K Ratings

2.5K Ratings

jardim11 ,

Repetition is good for the something something

When there’s a pandemic, everyone’s a virologist. When there’s volatility, everyone’s an economist.

Keep in mind that no one can predict the future, and few people have enough information to assess all the future risks. Nothing is different in this podcast, where the host’s catchphrase is “past performance is not indicative of future gains but”. The path to having more money doesn’t have many steps. Podcasts cover all the necessities quickly, but the biggest benefit they usually provide are voices that reinforce the message.

For the shortened listening experience, I highly recommend some of the earlier episodes with stories of people who made it and episodes with tips about how to save and invest. Some of the best are the episode with Scott Trench #2, David Greene #12, and Julie #181.

fire060491 ,

Great content, but need a new co-host

Love the content and guests, but Mindy makes it really hard to listen when she constantly dominates the conversation and doesn’t let guests get their full thoughts out before telling a personal anecdote.. not to mention her rants are rarely based on any sort of logic..

12234wertjsn ,

Minty should talk more concisely

Great topic, but Minty needs to give more room for the guests and Scott. She tends to talk too long and lose the focus of the topic.

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