323 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: How to Get to Early Retirement Even Faster

    Finance Friday: How to Get to Early Retirement Even Faster

    Those searching how to retire early usually come away with one conclusion—you have to make much, much more money. Most financial independence pursuers think that a large salary or enormous sum of assets is what will bring them closer to FI. Fortunately for you, that isn’t always the case, and you’ll see exactly why when we talk to today’s Finance Friday guest, Rebecca.

    Rebecca makes a great salary. Actually, she makes two great salaries, working at her government job during the dayand her technical writing job at night. She’s pulling in six figures, owns her own home, and splits expenses with her boyfriend. But she’s struggling to put together a passive income portfolio that will give her a good amount of monthly income when she decides to leave work. So what’s the missing piece in this passive income puzzle?

    Scott and Mindy sift through Rebecca’s finances and find some strikingly simple ways that she (and all of you) can save money every month and get to financial freedom decades in advance. This strategy isn’t hard, but it will take a little bit of willpower to get done. Thankfully, even those FIRE movement and financial freedom chasers who aren’t die-hard FI fanatics can still take these lessons to heart.

    In This Episode We Cover

    Building a passive income plan that can carry you along in early retirement

    Budgeting and expense tracking that can save you hundreds (or thousands) a month

    Emergency funds and “financial runway” that’ll give you more choices in life

    When luxury spending (pool cleaners, house cleaners, etc.) is acceptable

    House hacking and how to build wealth all while lowering your housing costs 

    The “true value” of your retirement pension and why it may not be worth the extra years of service

    And So Much More!




    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Scott's Instagram

    Mindy's Twitter

    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

    Amazon

    Finance Friday: Sell (Don’t Rent) Your Primary Residence When You Move Out

    Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus




    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 14 min
    The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach

    The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach

    Early retirement is one of those common personal finance topics that always comes up on the show. It’s arguably the most talked-about subject in our Facebook group and is a common theme among guests on the show. But what does a time-tested, well-respected financial journalist and coach think about retiring early? What does the “perfect” early retirement plan look like if you’re starting from scratch?

    Today we’re joined by Ask The Money Coach’s Lynnette Khalfani-Cox, who is used to getting personal finance questions thrown at her all day long. She’s dug deep into everything surrounding investing and early retirement. From stocks to I Bonds, to real estate investing and cryptocurrency—if you’re interested in building (and maintaining) wealth, Lynnette’s website and books have something that will help you on your benjamin-stacking journey.

    Mindy and Scott take some of the top investing, saving, and retirement questions from the BiggerPockets Money Facebook Group and ask Lynnette her opinion on them. Hear answers to top questions like when to invest and when to pay off debt, what makes the “perfect” portfolio, how to stop saving and start spending when you retire, and whether to invest for retirement or start a business.




    In This Episode We Cover

    The debt payoff schedule you should follow if you want to invest while shedding consumer debt

    I Bonds explained and how to get around the $10,000 personal purchase limit

    Transitioning from “save mode” to “spend mode” when you’ve hit your retirement goal

    How to introduce others to personal finance (without it sounding like a lecture)

    What to do before you start a business and getting your personal finances in order

    Why younger generations of investors are choosing more “risky” investment options 

    And So Much More!




    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Subscribe to The “On The Market” YouTube Channel

    Biggerpockets Bookstore

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

    Fueling Early Retirement at 36 with Just 4 Rental Properties

    Investopedia Stock Simulator

    Money Coach University




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

    • 51 min
    Buy Now, Pay Later: Consumer Convenience or Predatory Pricing Scheme?

    Buy Now, Pay Later: Consumer Convenience or Predatory Pricing Scheme?

    “Buy now, pay later” companies have been around for decades, but not in the form they take today. You may have noticed that when you check out from an online store, a little prompt asks you if you want to purchase your goods for just “four easy payments of…” It seems like a good deal, doesn’t it? You can buy the same goods, for less, today, with no interest payments! Before you add those shoes to your cart, think twice before selecting the “buy now, pay later” option.

    Alexi Horowitz-Ghazi, NPR reporter and host of Planet Money, was interested in how this type of interest-free internet shopping is affecting consumers. Through his research, he found numerous examples of online shoppers overspending, getting into debt, and not knowing their total purchase price. The ease of paying just a fourth of a product’s price and getting it delivered in days became too much for many consumers to resist. And now, they’re paying the price.

    If you don’t want to fall prey to this type of split-up pricing, you’ll want to hear what Alexi, David, and Mindy have to say. Using this type of “interest-free” credit could put your financial freedom in jeopardy—and no one wants to trade early retirement for a new swimsuit.




    In This Episode We Cover

    The “buy now, pay later” programs and how they target online shoppers

    How buying now and paying later could affect your credit score in the long run

    What happens when shoppers can’t pay their future installment loans?

    Why US legislators are taking “buy now, pay later” companies to court 

    The marketing tactics used by these companies to get you to spend more at checkout

    Why saving now and buying later will help your future finances

    And So Much More!




    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    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




    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.

    • 47 min
    How to Create Financial Security (From Scratch!) and Become “Set for Life”

    How to Create Financial Security (From Scratch!) and Become “Set for Life”

    What's stopping you from becoming debt-free? Everyone’s answers will vary, but one truth remains the same—excessive debt can prevent you from living the life you deserve. Today’s guest, Joe Bussey, took control of his life once he decided to pay off his $220,000 worth of debt and build a “financial runway” he could rely on.

    Joe's debt accumulated as he did what everyone in his life told him to. He was in pursuit of a college education when his life took a series of unexpected and unfortunate twists and turns. It all started when he got robbed at gunpoint for all the money he saved for college. From there, he had to start from scratch to save up for school. He had to work several jobs, once working five jobs at a time, to keep up with rent and student loan payments. He then went back to school to pursue a better career but ended up in school for five more years—forcing him to take out even more student loans.By the time he graduated, he was $220,000 in debt.

    After graduation, Joe was only making $1,000 a month and eventually fell into a deep depression. It was then Joe decided he needed a change, so he wrote out all his worries and came to one conclusion—they were financial problems. After doing some research, Joe came across BiggerPockets and Set for Life. He read the book cover to cover in one day, and a light bulb went off. After reading the book, Joe took control of his finances, saving up $25,000 in his bank account while paying off $100,000 in just fourteen months!




    In This Episode We Cover

    Financial runways and how to create financial security from scratch 

    How to become “set for life” and the actionable steps you can take to start your journey to financial freedom 

    Living off less than half your income and the importance of earning more and spending less

    Using your Roth IRA to maximize retirement savings and find financial peace

    The benefits of paying off student loans now and how to refinance them

    And So Much More!




    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    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

    How to Become an “Overnight” Success in 10 Short Years with David Greene

    Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/ Robert Farrington

    How to Find Free Money to Finance Your Education & Avoid Extensive Student Debt




    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: Sell (Don’t Rent) Your Primary Residence When You Move Out

    Finance Friday: Sell (Don’t Rent) Your Primary Residence When You Move Out

    Retirement investing is a crucial part of planning for financial freedom. While early retirement is a status that almost everyone would love to achieve, the second-best thing is standard retirement, where you can use your smart investments to make the later years of your life that much easier. But, oftentimes those who are born with a strong work ethic don’t know when the right time to ease off retirement investing is. In some cases, even intelligent investors can find themselves with a lot of retirement income that can’t be touched until decades later.

    Jill is trying to end up with a future of financial flexibility. She wants to be able to travel the world with her family,leave her W2 job (if she feels like it), and invest more in assets that give her the power of choice today. She has a very good income, impressive retirement accounts, and wants to take her first step into real estate investing. She’s planning on turning her primary residence into a short-term rental, while her family moves into the live in flip she’s buying next.

    This rental property income should give her and her family a cushion of passive income to rely on, but she’ll need much more than this to become truly financially free. Scott and Mindy debate the “invest for later” vs. “invest for now” frames of mind, tackling which one will work best for Jill in her high-income but low passive cash flow situation.




    In This Episode We CoverHow to get over your fear of debt when investing in real estateWhy you may want to sell your primary residence instead of rent it out (once you move)Avoiding capital gains taxes and taking home a BIG profit when selling a primary residenceBuilding equity and net worth through simple cosmetic live in flips Achieving financial flexibility and how overinvesting in retirement can hurt you in the short-runThe Rule of 72 and using it to quickly calculate how much you’ll have in retirementAnd So Much More!


    Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and Budget


    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.

    • 55 min
    Bonds: The Perfect Inflation Hedge (with One BIG Caveat)

    Bonds: The Perfect Inflation Hedge (with One BIG Caveat)

    I Bonds, and treasury bonds in general, have always been thought of as the “retiree's investment choice.” For those that have a short time horizon on investments, bonds have made perfect sense. With a guaranteed return, there isn’t a lot to risk for someone close to retirement age who simply wants to watch their investments stabilize—not grow or decline. And in today’s high-inflation environment, more and more individuals are realizing how worthwhile bonds are, especially as their traditional assets start to nosedive. 

    Neither Mindy nor Scott have heavy allocations in the bond market, so to understand these interesting assets a bit more they invited Shane Shepherd, Assistant Professor at USC’s School of Business, to the show. Shane has seen a recent pique in interest from his students in a few certain subjects—inflation, rising interest rates, and bonds. It seems like even the young generation of investors want to safely store their cash during pre-recession markets. But, does Shane think that I Bonds are a smarter way to save?

    If stock market slumps are starting to hit your portfolio hard, this may be the perfect episode to listen to. Shane describes exactly why so many Americans are investing in I Bonds while also explaining who should not contemplate investing in something as stable as bonds. His advice could help you keep pace with inflation or buy killer deals in the coming months!




    In This Episode We Cover

    I Bonds explained and how they can help you minimize the effects inflation has on your portfolio 

    Nominal yield vs. real yield and why you must understand the difference before you invest

    What happens to bonds if the US enters into an deflationary period 

    Who should (and more importantly shouldn’t) start investing in bonds 

    The downside of diversifying and why bonds are a safe, but static investment 

    How taking on real estate debt could beat bond rates while building wealth for you

    And So Much More!




    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Mindy's Twitter

    Scott's Instagram

    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

    Coronavirus: Is It Time to Give Up on Financial Independence?

    Former Fed President Warns Easy Money Will Bring Big Consequences for Investors w/ Tom Hoenig

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

    • 1 hr 14 min

Customer Reviews

4.5 out of 5
2.5K Ratings

2.5K Ratings

Mariann!! ,

GREAT SHOW!

I really enjoy your show, after listening to a few episodes I was totally hooked, it has great direction, it deals with very instructive and interesting topics. I really love this program!

don phil rob ,

Good intention

Well intentioned show that lacks insight and actual fundamentals to attacking personal financial challenges. would not take their advice too seriously, but rather note it and do your own research or consult with actual financial professionals

eth has ,

Hit or miss

This podcast sometimes has useful information (for example, the episode on how to finance your education was great), but it is often not particularly useful. For example, numerous episodes about “visioning” your financial objectives and people’s strategies for house-flipping. This content is very dull, and doesn’t really provide any nuts and bolts advice about real-world financial planning for people who actually work at jobs.

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