263 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
    • 4.6 • 2.4K 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.

    Escaping The Rat Race Before Your First Job w/ Dan Sheeks

    Escaping The Rat Race Before Your First Job w/ Dan Sheeks

    If you’ve been in the FI community for years, you know the ins and outs of retirement planning, index fund investing, house hacking, and every other money-making opportunity around. But, it’s safe to say that this took you years to figure out, sometimes well into adulthood. What if you were given the same knowledge you have now, but when you were a teenager?




    Dan Sheeks is trying to do this exactly, by teaching his students about personal finance, saving, investing, and how they can plan for FI. Dan has taken his knowledge of finance, teaching, and working with teens to write First to a Million, a Teenager’s Guide to Achieving Financial Independence. In this book, Dan takes teens on a journey through the four mechanisms of financial independence and teaches them to plan money around what makes them happy.




    So many teenagers have seen their parents run off to work only to come home exhausted, constantly checking emails, and rarely present with the family. Dan wants to make this all-too-real future a thing of the past for teens who are willing to work hard, be frugal, and practice financial discipline. 




    In This Episode We Cover

    Why The American Dream may be off-course for modern teens 

    The financial independence “plan of attack” for teens who want to hit FI fast

    Why happiness should be at the forefront of your financial decisions 

    Whether or not college is still a viable choice for today’s modern working world 

    The importance of having a strong community you can count on

    And So Much More!




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    • 1 hr 6 min
    Finance Follow-Ups: When to Scale Up (or Down) Your Real Estate Portfolio

    Finance Follow-Ups: When to Scale Up (or Down) Your Real Estate Portfolio

    We’re back with another Finance Friday Follow-Up! This week, we talk to two past guests and review three life updates. Fabio from episode 174, Clayton from episode 168, and Rachael from episode 190 all have life updates for the audience!




    When we last talked to Fabio, he was starting to expand his real estate empire. Since the market has been so hot, he has had to pivot his strategy towards what works best for him in the long term. With a few years of military service left, Fabio wants to wind down his more active income and pursue more passive income streams, while still including real estate and stocks/index funds in the mix!




    Clayton shared with us on his solo episode how lucrative living on the road can be. Since then, his girlfriend has turned into his fiancé, he’s been offered a very large pay raise, and he has scaled his real estate portfolio with one more house hack. He also gets to take his foot off the literal gas pedal since he’ll be transitioning into a more stay-at-home role.




    Rachael wasn’t able to be here for a video interview but sent Mindy an update on her overall financial situation. Since we last talked, Rachael realized that house hacking wouldn’t be exactly the right fit for her family. Thankfully, she’ll be closing on a new home closer to her children. Rachael also found herself in a particularly scary financial and medical situation since we last talked, something that you’ll hear about in-depth on a new episode in the coming months!




    In This Episode We Cover

    When is the right time to sell a property, especially in a hot seller’s market?

    Paying off high-interest debt so you can reach financial independence faster

    The importance of budgeting and expense tracking so you don’t impulse buy

    ESPPs (employee stock purchase plans), HSA (health savings accounts), and other lucrative investing options 

    Sharing the financial knowledge with your significant other in case of an emergency

    And So Much More!




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

    • 47 min
    7-Figure Net Worth on a Middle-Class Salary w/ Adam Zaleski

    7-Figure Net Worth on a Middle-Class Salary w/ Adam Zaleski

    On the last day of a semester in college, Adam Zaleski’s geology professor dropped a bomb on his class: the professor was worth a staggering $10,000,000! The reason for telling the students about his net worth wasn’t to impress but to make the case that exponential growth is more likely than most people think. This taught Adam that he needed to choose a profession he enjoyed so he could continue to work, invest, and grow his wealth exponentially, just like his professor. 




    Adam did just that, and now, he’s a millionaire professor, working a casual thirty hours per week, doing what he loves! Adam knew from the beginning it was more important to make long-lasting, intelligent financial decisions, instead of chasing after a bigger salary. He did this right out of college, taking a serious pay cut to live in a state with far cheaper housing, allowing him to house hack, build wealth, and reach financial freedom.




    Now, Adam is looking to expand his real estate empire a little further, without having to sacrifice a large amount of time to do so. If you’re interested in partnering up with Adam or looking to chat about long-distance real estate investing, market analysis, or the best surf spots in Kauai, shoot Adam a message on BiggerPockets!




    In This Episode We Cover

    Why lifestyle choices are important when choosing your job, house, and investments 

    Understanding the value that comes with exponential wealth growth 

    House hacking and analyzing real estate markets with the most growth opportunity 

    Buying rentals in places you love, so you can write off the trip!

    Scheduling your rent raises so you keep up with market cash flow 

    The most important financial lessons of your 20s, 30s, and 40s

    And So Much More!




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

    • 1 hr 23 min
    Finance Friday: Self-Employed Revenue, Health Insurance, and Hiring

    Finance Friday: Self-Employed Revenue, Health Insurance, and Hiring

    It takes a leap of faith to leave a W2 job and wander through the hills and valleys of self-employment. With the right skill set, time management, and perseverance, you can come out more profitable (and happier) than you were originally at your old job. But, once you succeed, it may be hard to slow down the self-employment train, and your side-gig could become a full-on business, with the need for employees.




    TJ has put herself in a phenomenal position, both financially and income-wise. She left her job to become a full-time consultant but knows she won’t be able to expand without hiring her first employee. Her business would need an employee to bring in more revenue, BUT she needs more revenue to bring on an employee. What would you do in this situation?




    Scott and Mindy have both spent time outsourcing and hiring before. They help TJ develop a roadmap to getting her first hire on board while keeping crucial revenue in the business. This episode also dives into self-employed health insurance, project management, and hiring a junior position that can grow into a senior in little time. 




    In This Episode We Cover

    Why it’s imperative to keep your costs low while trying to run a business 

    What to do once you’ve hit your max capacity for work at your business 

    Whether or not now is the time for you to hire your first employee

    Fully mapping out the cost of a full-time vs. part-time worker on your team

    Putting together a business plan that allows you to forecast your business’s future 

    Health insurance while self-employed and why an HSA plan may be your best bet

    And So Much More!




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

    • 52 min
    Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

    Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."

    Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value.




    Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at The Foundation for Research on Equal Opportunity put together the most extensive research on college degree ROI ever created. Preston’s findings allow you to parse through over 30,000 degrees and school choices so you (or your child) can make the best decision on where to get a bachelor's degree.




    Preston discusses the discrepancies between nonprofit and for-profit university degrees, whether or not high-cost schools equal a higher payday through life, and why even going to Harvard doesn’t secure a high ROI. Want to know the true value of your degree? Tune in and check out Preston’s full study!




    In This Episode We Cover

    How much you could benefit, in general, from getting an undergraduate degree

    The degrees that have the highest lifetime ROI

    Degrees that offer little-to-no or negative financial benefit

    Whether investing in real estate or a college degree is more worth it 

    The biggest criticisms of Preston’s study and how he combats them 

    Dave, Mindy, and Scott’s ROI on their respective degrees 

    And So Much More!




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

    • 1 hr 18 min
    Finance Friday: Laying a Strong Financial Foundation in Only a Few Years

    Finance Friday: Laying a Strong Financial Foundation in Only a Few Years

    Everyone knows that tech salaries tend to be on the higher end. In tech, you could be working as an engineer, programmer, or statistician, like today’s guest Matthew. But, Matthew never planned to go to school for this type of work. Half a decade ago, Matthew was wearing a chef’s apron, working forty to sixty-hour weeks, making slightly above minimum wage. He loved the work (and the food) but realized he couldn’t keep living with the long hours, low wages, and high stress.




    Mathew went back to school to study statistics and landed a job in tech, which he’s just recently moved on from, and accepted a far higher salary. This all sounds like good news, so what exactly is Matthew having trouble with?




    After maxing out many of his retirement accounts, Matthew is wondering where else he should be putting his money. He’s already saving a significant amount every month, thanks to his frugal lifestyle, but wants to be sure he’s standing on a strong financial foundation. Should he look into rental properties, taxable brokerage accounts, or higher-risk assets like tech stocks and crypto? If you’re lucky enough to have a little extra change left over at the end of every month, you may be in Matthew’s position too!




    In This Episode We Cover

    Changing careers even after you’ve been working in the industry for years

    What to do if you’re young and don’t know which field to study 

    Keeping your expenses low, regardless of how well your job pays

    Starting side businesses that can help you float expenses 

    Investing in after-tax retirement accounts vs. investing in post-tax retirement accounts

    Live in flip tips from the master herself (Mindy Jensen) 

    Calculating out your estimated retirement nest egg using the ‘Rule of 72’

    And So Much More!




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

    • 1 hr 6 min

Customer Reviews

4.6 out of 5
2.4K Ratings

2.4K Ratings

maddie@podcastingyou ,

Incredible podcast!

Each episode is extremely informative and includes practical, actionable advice to financial independence and wealth enhancement. A great resource for anyone looking to improve their financial literacy!

dad_science ,

Could be a five

I have been a listener since the beginning and really like the guests and Finance Friday episodes. Scott does a nice job listening to the guests and tailoring his advice to their particular situation. Mindy is very knowledgeable on many FI topics, but her rants and judgements of other’s journies are cringeworthy. I think she has a lot to offer, but the urge to fast forward through her long rants made my review 3 stars. Sad to say, I may be done for a while until Scott finds a new co host.

Phil_CostaCapital ,

The hosts are great!

Scott Trench’s book changed my life and the way to look at building wealth. He does such a good job on the podcast breaking down guests’ finances and give a very simple method of forward to achieving their financial goals. His logical analysis has helped me build confidence that I can do it as well. Mindy adds so much energy and positivity to the podcast which is a great contrast to Scott’s direct and actionable opinions. I always look forward to tuning in and listening to you two!

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