486 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 • 2.8K 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.

    Year-End Tax Planning Tips You NEED to Know Before the 2024 Tax Season

    Year-End Tax Planning Tips You NEED to Know Before the 2024 Tax Season

    With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!
    Welcome back to the BiggerPockets Money podcast! Today, we’re joined by certified public accountant and financial planner Sean Mullaney. In this episode, Sean delivers a thorough breakdown of everything you should be doing to lower your tax burden for not only 2023 but also over your entire lifetime. While there are many moves you can make before this year’s filing deadline, you don’t have to make them all at once. Sean shares how most tax moves fall into one of three “buckets”—moves that should be handled urgently, by year-end, or in early 2024.
    Whether you’re rushing to tie up loose ends in 2023 or looking to maximize retirement savings, Sean offers a variety of helpful tax tips for those in different phases of life. You’ll learn how to reap the tax benefits of donor-advised funds, how to time a Roth conversion, and how to avoid giving the IRS a large interest-free loan!

    In This Episode We Cover
    Tax moves to make immediately, by year-end, and in early 2024
    New tax-saving strategies to start implementing next year
    Lowering your total lifetime tax burden with the Roth conversion strategy
    How to get a tax deduction and avoid capital gains tax with a donor-advised fund
    The BEST retirement accounts for entrepreneurs and self-employed individuals
    How to choose the perfect health insurance plan for you in 2024
    And So Much More!

    DISCLAIMER: "The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Scott, Mindy, BiggerPockets, and the BiggerPockets Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services."

    Links from the Show
    BiggerPockets Money Facebook Group
    Network with Other Investors on the BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Scott on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    What You Need to Do NOW to Pay Fewer Taxes in 2024
    I’m Over Paying Taxes, So Here’s How I Plan to Significantly (and Legally) Lower My Liability
    The FI Tax Guy

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-477
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 43 min
    The Real-Life Girlboss: How I Built Nasty Gal to a $100M Business

    The Real-Life Girlboss: How I Built Nasty Gal to a $100M Business

    Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso. She had no business experience, management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of Forbes. But then, Nasty Gal went bankrupt. What happened?
    Sophia joins us on the show today to explain it all. She’ll share her full financial story, which included watching her parents go bankrupt, eventually selling her business, and seeing it suffer the same fate. From entrepreneurial mistakesto risks Sophia took that led her to massive financial success, Sophia has seen both success and failure, and she has priceless insight to offer any aspiring entrepreneur or investor.
    If you want to build a business, invest in one, or start a profitable side hustle, Sophia can help. She’ll also uncover what led to Nasty Gal’s downfall, the pressure “Girlboss” put on her, and why growing too fast can kill your financial future.

    In This Episode We Cover
    How Sophia turned a thrifting side hustle into a nine-figure business 
    Hiring your first employee and why you DON’T want to over-scale your side hustle
    Venture capital, investing in businesses, and when you should give up equity
    Going bankrupt and rebuilding yourself after a financial failure
    What Sophia is investing in NOW that’s helping her build even greater wealth
    Advice for new entrepreneurs and anyone who wants to sell online
    And So Much More!

    Links from the Show
    BiggerPockets Money Facebook Group
    Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Mindy on BiggerPockets
    Scott on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    Here’s What It Takes to Succeed as an Entrepreneur
    Building a Massively Profitable Business Around Your Passions

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-476
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 46 min
    How to Get Rich Without Investing in Real Estate

    How to Get Rich Without Investing in Real Estate

    You want to know how to get rich. But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate. And even as the world’s biggest resource for real estate investors, we get it. The landlord lifestyle isn’t for everyone. Thankfully, real estate isn’t the ONLY way to get rich. There are five other time-tested ways to build wealth that don’t involve 2 A.M. tenant phone calls.
    In today’s show, Mindy and Scott tag team the five best ways to build wealth without ever buying a rental property.These methods work for almost anyone, no matter how much (or how little) money you make or have in the bank. Some of these methods are more passive than others, requiring just minutes a month to start building wealth, while others can explode your income but require much more time.
    But we’re not just giving you some experimental investment methods to try. Both Mindy and Scott have used most, if not all, of these methods to become rich themselves, and if you incorporate ANY of these methods into your life in 2024, there’s a good chance by this time next year, you could be way wealthier!
     
    In This Episode We Cover
    The five ways to get rich WITHOUT investing in real estate 
    The four “levers” of wealth you can pull to level up your financial lifestyle
    “Boring” businesses and HUGE investment opportunities for those in their 20s, 30s, or 40s
    Job hopping and why you could be underpaid and overworked at your current role
    The investment accounts that can expedite your path to becoming a millionaire
    The super passive investment anyone can use to build massive wealth in the background
    And So Much More!

    Links from the Show
    BiggerPockets Money Facebook Group
    Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Mindy on BiggerPockets
    Scott on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    Past Episodes Mentioned in Today’s Show
    Index Funds
    Financial Mechanic
    David Greene (1st Episode)
    David Greene
    “Boring” Businesses
    Liquor Store Investment
    Franchising
    Side Hustles
    Nick Loper (Side Hustle Nation)
    Loan Signing Side Hustle

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-475
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com 
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 38 min
    Mindy and Scott's Favorite Sleepaway Camp for FIRE Chasers

    Mindy and Scott's Favorite Sleepaway Camp for FIRE Chasers

    Deep in the forest, a secret financial independence summer camp is being held. Multiple times a year, all across the country, millionaires, financial freedom achievers, and those still on or just starting their FIRE journey meet up for a weekend like no other. Those who have achieved FIRE in their 30s, 40s, and 50s give advice, tips, and tactics to those who want to leave their jobs behind and see what a life of financial freedom feels like. It’s such a can’t-miss event that Mindy and Scott are regulars there too!
    Of course, we’re talking about CampFI, where you can roast marshmallows, talk about Roths, scheme with other investors on the best way to make millions, or simply meet the financial independence heroes you’ve only seen online. Throughout the year, these camps are held in every corner of the country, and today, you’ll get to hear exactly what happens around the campFIre.
    For that, we brought on CampFI founder Stephen Baughier to tell us more about this exclusive financial independence experience and his own journey to FI. After a tough wake-up call in his mid-30s, Stephen made it his goal to reach financial freedom, but not on the fast-paced schedule most FIRE chasers think of. Hear how Stephen was able to downsize his life, cut his spending, and have ultimate time freedom without having to work his tail off!

    In This Episode We Cover
    The one thing that made Stephen reevaluate his financial decisions in life
    Downsizing, cutting spending, and how to reach financial freedom faster
    Advice from millionaires and those who’ve already achieved FIRE
    CampFI costs, activities, events, and why you MUST attend 
    Why you can (and SHOULD) slow down your path to FIRE 
    Scott’s accidental run-in with a fireside cult-like chanting circle
    And So Much More!

    Links from the Show
    BiggerPockets Money Facebook Group
    Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Mindy on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    Past Episodes Mentioned in Today’s Show:
    Doug Nordman
    Mr. Money Mustache
    CampFI Website

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-474
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 35 min
    Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

    Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season

    The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending. If you love the holiday season but are more into frugal festivities, we have just the episode for you. Whether you're a budget-conscious stocking stuffer or a buy-everyone-an-iPhone gift giver, we've got some simple tips that'll help you save hundreds or thousands this holiday season.
    To help us build out our list of holiday hacks, we brought on Chris Hutchins from the All the Hacks podcast to give us his best tips for staying on budget this holiday season. From saving hundreds of dollars per person per flight to crazy cash-back browser extensions, how to buy fewer gifts while making everyone happy, and the best board game ever, Chris shares his favorite ways to spend less during the season and his listeners' favorite frugal gifts.
    Even if you're not much of a holly, jolly, merry type of person, Chris drops some incredible cost-saving knowledge YOU can use at ANY time of the year to keep thousands of more dollars in your pocket!

    In This Episode We Cover
    How to save hundreds of dollars on your holiday flights with this one timing hack
    Why fewer gifts can lead to happier holidays (and how to convince your family of it)
    Crazy cash-back opportunities and sites that'll reward you for gift-giving
    How to save 30%-40% on home renovations and repairs using this one coupon website
    The gifts you can and should buy used (NO ONE will notice)
    Chris' 2023 holiday gift guide for the frugal gift giver
    And So Much More!

    Links from the Show
    BiggerPockets Money Facebook Group
    BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Mindy on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    All The Hacks Podcast
    Give the Gift of Wealth-Building Knowledge with BiggerPockets' Books
    All the Money Hacks We WISH We Had Known About
    Cashback Monitor
    Cooking at Home
    Crown & Paw (Pet Portraits)
    DeleteMe
    Die with Zero
    Google Flights
    Google Shopping
    I Will Teach You To Be Rich
    Keepa
    Mercari
    Outlive
    Rakuten
    Saven Deal (Coupons
    TopCashback
    Whiskey River Soap
    Grab Chris’ 2023 Holiday Gift Guide

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-473
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 34 min
    All the Money Hacks We WISH We Had Known About (ENCORE Episode!)

    All the Money Hacks We WISH We Had Known About (ENCORE Episode!)

    Happy Thanksgiving! This Turkey Day, we're giving you an encore of one of our favorite episodes on the money hacks EVERYONE should know about! This was one of our top shows of last year and will teach you how to save better, spend less, and travel for CHEAP! Enjoy!
    ______
    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
    BiggerPockets Money Facebook Group
    BiggerPockets Forums
    Finance Review Guest Onboarding
    Join BiggerPockets for FREE
    Mindy on BiggerPockets
    Listen to All Your Favorite BiggerPockets Podcasts in One Place
    Apply to Be a Guest on The Money Show
    Podcast Talent Search!
    Money Moment
    All The Hacks Podcast
    Apps Mentioned in This Episode:
    CardPointers
    Paprika
    FancyHands
    Google Flights
    AutoSlash
    Amazon Smile
    Library Extension
    Cash Back Monitor
    SavenDeals
    DeleteMe

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-472
     
    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 56 min

Customer Reviews

4.5 out of 5
2.8K Ratings

2.8K Ratings

JaBrowen ,

Don’t Be mean to the guest

Love this show especially finance Friday. But just listened to the campfi episode with Stephen and Mindy was just rude as she continues to be. She told Stephen he was bad at selling campfi and I was very interested that sounds like there’s people like him there and not just people with annoying high energy like Mindy there. She then tried selling it herself and I was like ugh this is just another get together with people with that extrovert high energy. Not everyone is like you Mindy.

ChrisMurphyVI ,

You gotta be kidding

How is the bigger pockets money show advertising Draft Kings???? Disappointed.

Gingermama5 ,

Enjoying the show but details matter.

On the most recent show you mentioned several
times that low income (MAGI) would result in access to Medicare. (A federal program for the elderly or those with disabilities). I think you meant Medicaid - the state run program.
Otherwise love the guests- especially Michael Kitces and Sean Mullaney. Keep it up!

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