BiggerPockets Money Podcast artwork

BiggerPockets Money Podcast

311 episodes - English - Latest episode: 7 days ago - ★★★★★ - 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.



Investing Business Education financial independence financial freedom investments wealth finances finance investing success money realestate
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Episodes

302: Finance Friday: Can I Live in Flip My Way to FI at 55 Years Old?

May 20, 2022 06:00 - 1 hour - 72.9 MB

Almost every age group wants to know how to retire in ten years. Whether you’re in your teens, your mid-thirties, or your mid-fifties, retirement can seem like an eternity away. Those who retire early and find financial freedom tend to do so through a combination of smart investing, early saving, and a tenacity for budgeting (without giving up everything they love). But what if you don’t have time on your side? What if you’re still paying off debt? Is it still possible to retire? T...

301: Why You’re (Probably) Wrong About Prenups

May 16, 2022 06:00 - 1 hour - 58.6 MB

Asking for a prenup (prenuptial agreement) can be an exceedingly scary ask. To your partner, a prenup may seem like a way of telling them that you’re planning for a future divorce. But, in reality, it could be the thing that secretly saves your marriage. The everyday American knows very little about the prenuptial agreement and has gotten most of their information from movies, reality TV shows, and hearsay from friends and relatives. We wanted to know the truth about prenups, so we ...

300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth

May 13, 2022 06:00 - 1 hour - 64 MB

You’ve heard of middle-class money traps before. Like spending your whole paycheck on rent, not paying yourself first, and the sneaky seduction of obsessive eating out. Today, we’re talking about a far less known type of middle-class trap, the type that keeps your wealth growing but limits the amount of “freedom” you feel in the process. Oftentimes, savers can find themselves in a position with a big cash surplus but hold tight to it to feel “safe” instead of feeling flexible. Toda...

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

May 09, 2022 06:00 - 50 minutes - 46.7 MB

Budget meals, cheap eats, and deliciously discounted recipes are all in this episode of the BiggerPockets Money Podcast. As many of you financial freedom chasers know, one of the biggest monthly expenses on your budget tends to be food costs. Whether that be going out or grocery shopping to feed yourself, your spouse, your kids, and anyone else in your family— eating well isn’t cheap…or so most people think. Beth Moncel is here to tell you that the preconceived notion of good food ...

298: The April Stock Market Slump | Mindy & Carl’s Budget Review

May 06, 2022 06:00 - 24 minutes - 22.2 MB

Stock market crashes aren’t common, but when they happen, they often catch you by surprise. Thankfully, we’re not in the middle of a stock market crash, but this current correction or “dip” we’re riding has got some early retirement and FIRE chasers feeling a little anxious. Carl and Mindy Jensen, real estate and index fund investors, have seen a twenty-five percent drop in their portfolio just over the past six months alone. What effect does that have on their future financial plan...

297: How to Find Free Money to Finance Your Education & Avoid Extensive Student Debt w/Robert Farrington

May 02, 2022 06:00 - 1 hour - 65.1 MB

The idea of college comes with a lot of questions—but there is one question that isn't usually asked: is college worth the cost? Most would say yes, but the honest answer is sometimes. Today’s guest, Robert Farrington, the College Investor, answers college questions in a detailed manner to help you make profitable decisions on your higher education choices. Robert goes over how to look at college as a business decision rather than a necessity. A deciding factor in any college decis...

296: Finance Friday: How Do I Get Out Of This Cash Flow Crisis?

April 29, 2022 06:00 - 1 hour - 59.7 MB

Everyone has experienced negative cash flow. If you have a troublesome rental property, you may experience negative cash flow. If you have a low income but an appetite for expensive eateries, you may also experience negative cash flow. But, more common than most, if you’re in the early stages of building your small business, negative cash flow may be a harsh but hard to mitigate reality.  Chris is feeling the sting of sinking purse strings every month. At the start of 2020, Chris l...

295: Fueling Early Retirement at 36 with Just 4 Rental Properties w/Antoinette Munroe

April 25, 2022 06:00 - 54 minutes - 49.6 MB

Early retirement was a goal for today’s guest, Antoinette Munroe, the moment she started making money. Her money journey started in second grade when she sold her Halloween candy for extra cash. By high school, she graduated to selling a wide variety of different things and even started her own distribution network with her cousins at their respective schools.  By the time she got to college, her main focus was staying out of trouble, avoiding debt and saving. It wasn’t until her l...

294: Finance Friday: Stable Index Funds or Cash-Flow-Reliable Rentals?

April 22, 2022 06:00 - 57 minutes - 52.9 MB

Index funds and rental properties are at opposite ends of the investing spectrum. On one side, you have highly diversified, almost entirely passive index funds. On the other, you have cash-flowing, yet far more hands-on, rental properties. Both of these beloved types of investments belong in (almost) every investor's portfolio, but how much should you have of one or the other? Today’s guest Cecilia has built a strong net worth while keeping her income high and expenses low. She bou...

293: Why 40% of Master's Degrees Aren’t Worth It (and Which Are) w/Preston Cooper

April 18, 2022 06:00 - 1 hour - 66.9 MB

A master’s degree shows quite simply that you’re a master (at least to some extent) in a certain subject. For decades, getting a master’s degree has been seen as a financially savvy move to open you up to higher pay, better job opportunities, and golden networking connections. But times have changed, and as more students see college as an inferior option to working, it begs the question: is a graduate degree worth the price? You can’t know the answer unless you compile tens of thou...

292: Mindy & Carl’s Spending Summary: March Money Madness Edition

April 15, 2022 06:00 - 35 minutes - 32.7 MB

Financial independence is not a new concept to Carl and Mindy Jensen. For as long as they’ve been together, Carl and Mindy have been open and upfront about their financial situations. When they learned about the FIRE movement, they knew they had an all-time goal to hit. Fortunately for them, they hit it earlier than they needed, but has their current spending forced them to recalculate what it takes to hit financial freedom? Welcome back to Carl and Mindy's Spending Summary, or as ...

291: Turning eBay Profits into Cash-Flowing Rentals w/The Frugal Gay

April 11, 2022 06:00 - 1 hour - 63.6 MB

eBay flipping isn’t something new. You’ve probably bought something on eBay that was sold by a reseller. Maybe a type of makeup you liked got discontinued. Maybe your favorite pair of jeans from a nationwide chain suddenly disappeared. For eBay resellers like today's guest, Tom Brickman (The Frugal Gay), it’s all about finding the products that people love but can’t get a hold of anymore. Tom is a master of frugality. Raised by a real estate investor, he knew what cash flow could d...

290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings

April 08, 2022 06:00 - 57 minutes - 52.2 MB

Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week’s Finance FAQs. That’s right, we’re here with a new segment where Scott and Mindy take your questions directly from the BiggerPockets Money Facebook group and give answers so you can make smarter investing, saving, and life-changing decisions. In this episode, we get into questions from a range of different financial situations. We have questions about debt p...

289: How to Retire in 3 Years (After MANY Mistakes) with Real Estate w/Hugh Carnahan

April 04, 2022 06:00 - 1 hour - 79.4 MB

Real estate and early retirement go hand in hand. Most people think that it’ll take years (or decades) to build up enough cash flow to simply break even on your monthly expenses (lean FI). Those people probably aren’t thinking as big as today’s guest, Hugh Carnahan, who retired in only three years thanks to speed, diligence, and a courageous amount of risk-taking. You’d probably assume that to retire in three years, Hugh had to be a very financially adept person. Well, you’d be 100...

288: Finance Friday: Am I Investing Fast Enough to Retire Early in Portugal?

April 01, 2022 06:00 - 1 hour - 66.9 MB

Passive income is a must, especially if you’re trading your life in America to start living in Portugal. Why Portugal? Besides the climate, coastline, and comfortable cost of living, Portugal allows today’s guest, Brandy, to live abroad with a passive income visa. Brandy already works remotely, but will be giving up a significant amount of her income once she makes the move. Brandy has multiple streams of income—her contract work, her eBay business, her rental portfolio, and her hu...

287: How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent

March 28, 2022 06:00 - 50 minutes - 46.4 MB

Do you know how to ask for a raise? If you’re like most people, you probably think that we’re asking a rhetorical question. If you think it’s as easy as simply walking up to your boss, asking for more money, and leaving, you probably haven’t ever asked for a raise before. Behind every pay raise request is a clammy-handed employee, hoping that they’ve done well enough to justify that salary bump. Maybe you’re nervous to talk to your boss, maybe you feel unprepared, or maybe you just ...

286: Finance Friday: Building Your Financial Runway Even with Irregular Income w/ Eric Dunn

March 25, 2022 06:00 - 1 hour - 75.3 MB

It's not uncommon to have irregular income as a business owner or self-employed individual. But with different amounts of money coming in every month, how can you budget, invest, or plan? Some months you’ll make a killing, while other months may have huge burn rates. How do you gain financial clarity when running multiple businesses with multiple income streams? What about becoming debt-free? Is it possible with such inconsistent income?  This is how Eric Dunn has been feeling late...

285: The Difficult Path to Wealth: Losing Money on Your First Real Estate Deal w/ JL Collins

March 21, 2022 06:00 - 1 hour - 71.1 MB

When most people think of JL Collins, they think of smart stock and index fund investing. In his classic, The Simple Path to Wealth, JL lays out the foundational path that investors can follow to secure financial freedom simply, easily, and without a ton of stress. So it may come to many FI chasers’ surprise that JL has written a new book on real estate investing, and not index funds, the stock market, or our current state of high inflation. In, How I Lost Money in Real Estate Befo...

284: Carl and Mindy’s Spending Summary: Why We Went $1,000 Over Budget…Again

March 18, 2022 06:00 - 36 minutes - 33.5 MB

Travel budgeting, sky-high gas prices, and “free” utilities are coming up in this month’s episode of Carl and Mindy’s Spending Summary. Like many Americans, Carl and Mindy didn’t have the easiest time sticking to their March budget. With rising food, gas, and utility prices, it may seem that your budget is squeezing you more and more as the months go on. This month, Carl and Mindy touch on their biggest budget busters and wins, plus why budgets are meant to be adjusted when life pe...

283: 8+ Income Streams as a Single Mom and Money Master w/ Tiffany Grant

March 14, 2022 06:00 - 1 hour - 55.9 MB

Multiple streams of income are a must if you’re trying to hit financial independence, retire early, and have the luxury of time brought back into your life. While most people simply rely on one stream of income, their W2, others want more than one leg to stand on when it comes to their financial wellbeing. How would you feel if every day you had eight (or more) income streams flowing into your bank account? Tiffany Grant from Money Talk with Tiff spent over a decade building the in...

282: Finance Friday: Got a Late Start? Here’s How to Ramp Up Your Passive Income

March 11, 2022 07:00 - 1 hour - 59.1 MB

Passive income is the name of the game when it comes to real estate investing. While equity can help you build wealth, passive income is what can get you on the road to financial independence. But what if you got a late start in your investing career? With so many millionaire twenty-or-something-year-olds on the internet, it seems like you have to start investing at age eighteen to hit financial freedom. This couldn’t be more wrong. Even if you feel like you’re a late bloomer when ...

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

March 07, 2022 07:00 - 1 hour - 63.9 MB

Inflation can be a detriment to any early retirement plan. At first, you may think you only need a certain amount of money to retire, and maybe you’re adjusting for inflation when you do these calculations. But what happens when inflation runs more than triple the average or crosses into double-digit numbers. How does your investment strategy change? How does your “dream retirement” come true when it costs ten percent more than you originally accounted for? These are all questions ...

280: Finance Friday: Who Should (and Shouldn’t) Be Investing in Real Estate

March 04, 2022 07:00 - 59 minutes - 54.5 MB

Investing in real estate is a proven way to build wealth, produce more cash flow, and retire early. But, not everyone is cut out to do every type of real estate investing. Some strategies take dramatically more time and effort than others. House hacking may be perfect for investors or couples without kids, live in flips could work best for those with some rehab experience, and BRRRR investing is reserved for those with proven investing experience. While some of these strategies are...

279: Digital Nomad-ing and Answering All Your FIRE Healthcare Questions w/Amy & Tim from GoWithLess

February 28, 2022 07:00 - 1 hour - 67 MB

Health insurance for early retirement? Is that even a thing? If it is, it doesn’t seem self-evident in the United States. For most early retirees within the USA, you have a couple of options for healthcare—make a low enough income to qualify for government-subsidized healthcare or pay an exorbitant amount of money to either buy healthcare upfront or pay out of pocket any time you get sick. But, that’s not a terribly safe way to live, especially when you’re working with a (relatively...

278: Finance Friday: How to Quell Your Money Anxiety (Even as a High Earner!)

February 25, 2022 07:00 - 1 hour - 63.2 MB

If you want to know how to save money, just look at your expenses. Odds are, if you’re like most people, you aren't budgeting or tracking your expenses to a tee. But there’s no need to be so hard on yourself, even our money mages themselves, Scott Trench and Mindy Jensen don’t always write down every cent spent. That being said, if you’re planning for a big trip, different expenses, or a sudden life change (like leaving your job), there is no better time than NOW to start tracking y...

277: Fighting the “Hustle Culture” That Ruins The Joy of Financial Independence w/ Pete McPherson

February 21, 2022 07:00 - 1 hour - 75.5 MB

“Hustle culture” has been a term for the past decade or so. It somehow became a badge of honor to prove that you’re working the hardest, longest, and most stressful job around. You can handle it, you’re making money, putting in the hours, but what do you have left at the end of the day? This constant grind is what Mindy likes to call the “death race to FI” due to its unnecessary harshness on your free time, relationships, and mental health. Pete McPherson foresaw this “hustle cultu...

276: Carl and Mindy’s Spending Summary: Why Did We Go So Over Budget in January?

February 18, 2022 07:00 - 44 minutes - 40.9 MB

Emergency funds, frugal experiments, free photons, and “thoughtful spending” were just a few things that came to light during Carl and Mindy Jensen’s January 2022 budget recap. If you didn’t know already, Mindy has been publicly tracking her expenses and budgeting for BiggerPockets Money listeners (and the world) to see. But of course, as soon as Mindy shared her public budget, things started to go awry. Nothing says “let’s start the month off right” like car repairs, furnace repla...

275: The Most Common (and Rarely Discussed) Money Mishaps w/ David Pere

February 14, 2022 07:00 - 52 minutes - 47.8 MB

Lifestyle creep, budget hesitancy, and cash scarcity are problems you’d likely hear from someone just getting into the realm of financial independence/literacy. But, funnily enough, these wealth woes aren’t coming from newbies—they’re coming from two asset-stacking veterans, Mindy Jensen and David Pere from The Military Millionaire Podcast. While on the outside David and Mindy may look like squeaky clean financial figures, they’ve realized recently that they have to tighten up thei...

274: Finance Friday: What’s The Best Way to Buy Rentals—Partnerships or Solo?

February 11, 2022 07:00 - 1 hour - 70.4 MB

Rental properties can be a phenomenal second source of income for the majority of us who work at regular jobs. One or two rental property purchases every year or so can slowly, but surely, build a strong foundation for financial independence, sometimes within only a few years. Today’s guest Connor has taken this approach to wealth building and now sits on six rental units, splitting some of the profits with his partners. Connor runs a lot of the operation for these rental propertie...

273: Breaking Down Barriers: From Homelessness to Renowned Surgeon w/Dr. David L. Rhoiney

February 07, 2022 07:00 - 1 hour - 72.9 MB

The poverty cycle is a hard one to break out of. For some people, it is near impossible to climb yourself out of the hole that society, family, or unfortunate circumstances have placed you in. But sometimes, through sheer willpower alone, those who break through can crush this cycle and bring their families up with them. Someone who’s done this (and much more), is Dr. David L. Rhoiney from surgiFI.  Dr. David is a renowned “robot surgeon”, operating on patients using the finest pre...

272: Finance Friday: Should You Pay Off Your Mortgage Early or Invest?

February 04, 2022 07:00 - 1 hour - 60.9 MB

Ahh, the age-old question: pay off your mortgage early or invest? It’s no wonder so many members of the financial independence community have strong feelings about one or the other. With a paid-off mortgage, you’re less in debt, with more free cash to invest or spend on things you love doing. But, there’s another side to that cash flow coin. If you’re paying off your mortgage early, you’ll have less money to invest, leaving you with less compound interest.  If you’ve been asking fo...

271: The 4 Rules of Managing Your Money w/Jesse Mecham from YNAB

January 31, 2022 07:00 - 58 minutes - 53.4 MB

You Need a Budget is the expense tracker/budgeter that requires no introduction…but we’ll give it one anyways! In 2004, Jesse Mecham launched this ground-breaking software, allowing money masters and novices alike to easily track their money and plan for a financially stress-free future. Jesse may have been the perfect person to build a product like this—he started tracking his expenses at age sixteen for fun! As Jesse grew older, he continued to track his expenses regularly, allow...

270: Finance Friday: How to Achieve “Financial Flexibility” on a $65K/Year Salary

January 28, 2022 07:00 - 1 hour - 69.7 MB

Financial flexibility is one of the hidden stages along the path to financial independence. When you hit financial flexibility, you have far more choices than you did before. You can invest more, spend more, save more, and work less if you choose to do so. But, this type of lifestyle can only be achieved by being mindful and proactive about where your money is going, as today’s guest Kevin, knows very well. Kevin’s story was posted on the BiggerPockets Money Facebook Group, where h...

269: From Filing Bankruptcy to $1.4 Million in Income Producing Assets

January 24, 2022 07:00 - 1 hour - 80 MB

Today’s guest, Jennifer Grimson, is a prime example that every problem has a solution.  Jennifer has always been a hard worker so she had no problem working through college as she aspired to be a foreign service officer, but her life took a turn when she fell in love and married her (now) ex-husband. Her dynamic with money completely changed as he spent money frivolously while she spent conservatively. When things ended poorly 8 years later he sued her 25 times, not including when h...

268: Finance Friday: Why You Should Focus on ‘Hitting Singles’ for Early Retirement

January 21, 2022 07:00 - 55 minutes - 50.8 MB

Expats and rental portfolios go together like peanut butter and jelly. It’s no surprise that a fair amount of retired globetrotters owe their freedom to real estate investing. While many real estate investors are looking to retire themselves and their families in the US, today’s guest Paul has other plans. Paul thoroughly enjoys his full-time job in Utah. He gets paid well, has access to some phenomenal benefits, and isn’t planning on quitting anytime soon. That being said, Paul ha...

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

January 17, 2022 07:00 - 45 minutes - 41.9 MB

Student loan forgiveness was a hot topic during the 2020 election cycle. With so many outstanding student loan payments, will the government step in to wipe out the debt? While many theorize about this, Robert Farrington takes the opposite angle, urging those who have student loans to prepare for repayment, rather than cancellation. This way, even if your student loans get forgiven, you’re put in a financially advantageous spot. Robert runs The College Investor, a website dedicated...

266: Finance Friday: How to Pay Off Bad Debt + When Is Life Insurance Worth It?

January 14, 2022 07:00 - 1 hour - 71 MB

Bad debt is more common than it seems. Many people you know have a car loan, personal loan, credit card loan, or some other form of high(er) interest debt. If you find yourself with bad debt, the first thing to do is formulate a plan to get rid of it, unless you want your savings and potential investments to suffer the consequences. Today’s guest, Stephanie is in a financially solid position, but she has some bad debt to take care of. She’s on her way to financial freedom by forty ...

Protecting Your Home (and Wealth!) When a Natural Disaster Strikes w/ Steve Longenecker (Bonus Episode)

January 12, 2022 07:00 - 45 minutes - 41.2 MB

Home insurance isn’t the sexiest topic, but in the world of financial independence, predictability is quite an attractive trait to have. That’s why money nerds across the world value insurance as a natural hedge against catastrophic wealth-ending disasters. Whether you’re a homeowner, a renter, or a landlord, home insurance could help you rebuild quicker after the unexpected happens. Recently, a large fire broke out around the Denver, Colorado area, affecting families in Mindy’s ho...

265: Death and Finances: What to Do (Before and) After A Loved One Passes w/ Allison Nichol Longtin

January 10, 2022 07:00 - 1 hour - 61.4 MB

Death and finances can arguably be called the two things that people hate talking about most. Unfortunately, these are two topics that cannot be kept in the dark, as we all must deal with loss, both emotionally and financially over our lifetime. What can the average person do when they’ve just received the heartbreaking news that a loved one has died. Even worse, what if it’s their partner? This almost unimaginable shock came to Allison Nichol Longtin when her husband passed away s...

264: Finance Friday: Passive Income, Syndications, Real Estate, and Retirement

January 07, 2022 07:00 - 1 hour - 63.3 MB

“Can I retire yet?” If you’re today’s guest Jenn, then the short answer is a resounding “yes”. And if you aren’t Jenn, you’ll probably want to be in her position upon retirement. Jenn has a lot of income options: a military pension from her spouse, a great full-time income, real estate syndication cash flow, and a LOT of assets. Jenn’s net worth has reached the height of around $4 million, with more than a million alone in retirement accounts. If Jenn is so set, why is she coming o...

263: Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez

January 03, 2022 07:00 - 1 hour - 66.5 MB

Most people assume wealth is built from a singular source, but the most successful people have multiple streams of income. 2020 was the year of the side hustle. People started to find ways to monetize their hobbies, create services, and capitalize on their talents. While some people are just now catching on, today’s guest, Jannese Torres-Rodriguez, was ahead of the curve. It all began with a food blog she started for fun that has turned into passive income for her $320,000 salary co...

262: Prenups, Projects, Prolific Spending, and Planning for 2022 w/ Carl & Mindy Jensen

December 31, 2021 07:00 - 1 hour - 57.5 MB

Mindy may seem like a financial superhero to most listeners of the Money Podcast, but she’s nothing without her financial education inspiring partner, Carl Jensen. Carl is known quite well around the personal finance community as co-host of the Mile High FI podcast and writer over at 1500days.com. Carl and Mindy are just closing in on their twentieth anniversary, so there’s no better occasion to have them both on the show than right now! Surprisingly, Carl and Mindy didn’t talk abo...

261: Stop Taking Money So Seriously w/ Joe Saul-Sehy & Emily Guy Birken

December 27, 2021 07:00 - 1 hour - 56 MB

Building wealth takes decades with some serious hard work and many, many mistakes along the way. The problem? Most financial independence chasers see themselves as having to be perfectionists. Every investment must be perfect, every dollar spent housed within a budget, and at no time can money become something fun or playful. Joe Saul-Sehy and Emily Guy Birken rightfully see this type of “serious money attitude” as a mistake that should be avoided at all costs. Every financial guru...

260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)

December 24, 2021 07:00 - 1 hour - 59 MB

Stocks vs. real estate is a regular feud among many financially savvy forums on the internet. While some investors love the passive aspect of stocks, other investors love the tax savings and flexibility of real estate. Regardless of your preferred asset, it’s better to stick your hard-earned money in something that makes money for you, instead of spending it or letting it sit. Our guest today, Madison, is having trouble deciding which asset class she and her husband are best suited...

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

December 20, 2021 07:00 - 1 hour - 66.7 MB

If you need pension funds explained, there’s no better person to talk to than the internet’s leading voice on all things pensions and retirement, Grumpus Maximus. After spending twenty or so years in the military, Grumpus began to put his health, happiness, and passions first. Now, retired with plenty of money coming in (thanks to pensions and retirement accounts), Grumpus spends his time blogging and helping others ask the meaningful question, “is my pension worth it?” Guest co-ho...

258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?

December 17, 2021 07:00 - 1 hour - 63 MB

A common debate in real estate is cash flow vs. appreciation. While some investors rely on their rental property income to reach FI, others argue that appreciation will provide them the equity gain to truly build wealth. You’ll hear this discussion in-depth on today’s episode as guest Jackeline walks Mindy and Scott through her $20,000 rental property in Northern Illinois.  Jackeline is already doing well in other aspects of her life. She’s got a high net worth, with fully-funded r...

257: 20 Year-Old Minimum Wage Marine with $850k in Real Estate

December 13, 2021 07:00 - 1 hour - 79.2 MB

We have a lot of impressive guests on the show, and they just seem to get younger with every new episode. You’ve heard the stories of people in their twenties buying rentals, people in their thirties hitting coast FI, and people in their forties and beyond making many, many millions. But, what about a marine recruit, making a low salary, buying more than $800k in real estate within his second decade on earth? Now that sounds like an interesting story. Jabbar Adesada fits the bill e...

256: Finance Friday: Financial Independence in 5 Years w/ Short-Term Rentals

December 10, 2021 07:00 - 1 hour - 59.2 MB

There are many ways to fund your nest egg. You could outright save, or you could invest in index funds, rental properties, or short-term rentals like today’s guest, Charlotte from Charlotte. Working as a teacher in one of the lowest-paid states in the US, Charlotte was able to fully replace her teacher’s salary by operating a single short-term rental cabin in Western North Carolina. When she discovered the FIRE Movement only a year ago, she knew that intelligent investments like th...

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

December 06, 2021 07:00 - 1 hour - 61 MB

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...

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

December 03, 2021 07:00 - 47 minutes - 43.5 MB

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 wa...

Guests

Aditi Shekar
2 Episodes
Brandon Turner
2 Episodes
Craig Curelop
2 Episodes
Erin Lowry
2 Episodes
Kyle Mast
2 Episodes
Andy Hill
1 Episode
Ashley Likely
1 Episode
Cameron Huddleston
1 Episode
Carol Scott
1 Episode
Chad Carson
1 Episode
David Greene
1 Episode
David Stein
1 Episode
Dawn Brenengen
1 Episode
Gino Barbaro
1 Episode
Jamila Souffrant
1 Episode
Jean Chatzky
1 Episode
Jen Hemphill
1 Episode
Joel Larsgaard
1 Episode
Joe Saul-Sehy
1 Episode
Lynn Frair
1 Episode
Matt Giovanisci
1 Episode
Nick Loper
1 Episode
Patrice Washington
1 Episode
Paula Pant
1 Episode
Pete Mockaitis
1 Episode
Ramit Sethi
1 Episode
Rob Berger
1 Episode
Roger Whitney
1 Episode
Scott Rieckens
1 Episode
Sunitha Rao
1 Episode
Travis Hornsby
1 Episode
Vicki Robin
1 Episode
Wilson Muscadin
1 Episode

Books

Happily Ever After
1 Episode
Playing with Fire
1 Episode

Twitter Mentions

@mindyatbp 34 Episodes
@travelingwallet 1 Episode
@fimechanic 1 Episode
@robert_a_berger 1 Episode
@almostbrenda 1 Episode
@fidilettante 1 Episode
@dadsaysjokes 1 Episode
@moneyspeakeasy 1 Episode