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BiggerPockets Money Podcast

239 episodes - English - Latest episode: 6 days ago - ★★★★★ - 2.2K 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.

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Episodes

231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living

September 13, 2021 06:00 - 58 minutes - 53.5 MB

Not everyone has the vagabond spirit of those who choose to optionally live out of their cars, trucks, or vans. While this isn’t up Scott and Mindy’s alley, it’s been perfectly fine for today’s guests Tien and Brandon. After deciding to end their lease before a road trip, Tien and Brandon found living in their specialty-built van wasn’t just habitable, but preferable for their lifestyle. This was especially true after paying pricey southern California rent. All this happened after ...

230: Finance Friday: In My Mid-50s, Do I Have Enough to Retire Next Year?

September 10, 2021 06:00 - 49 minutes - 45.5 MB

Retiring early can be a daunting task. Not only do you have to do more, with less time, but you have to stay diligent on your budgeting, expense tracking, and investing if you want to hit your goal by a certain age. Today we talk to Lisa, who wants to retire next year, in her mid-50s. While most people think early retirement means retiring in your 20s and 30s, this isn’t necessarily true. Retiring 10 years early, like Lisa, is a massive accomplishment, but requires the same skills n...

229: The 6 Money Mistakes High School/College Students MUST Avoid

September 06, 2021 06:00 - 1 hour - 58.2 MB

Most college students know next to nothing about money. Even worse, many of them sign on to expensive student loans with almost no plan on how they’re going to pay it back. While this is the average, some people, like Nathan Kennedy, host of The New Money Podcast, did things differently. Although he overspent a bit going out in college, Nathan graduated with a degree and $40,000 in cash, a MASSIVE amount for any college student. Through applying for grants, working at on-campus job...

228: Finance Friday: Is “Random Spending” Ruining Your Budget?

September 03, 2021 06:00 - 1 hour - 77.7 MB

“Beware of little expenses; a small leak will sink a great ship.” This is the topic of today’s episode, where we interview Jenny for a Finance Friday review. Jenny is finishing up her fourth degree and has been working throughout grad school to help her family. Her husband brings in a sizable income, but he wants to retire in 2030 and spend more time with their (future) kids.  Jenny has great control over her fixed expenses, but as for her variable expenses...not so much. Her famil...

227: ‘Rocketing' To FI at Age 35: What’s Life Like Post-Retirement?

August 30, 2021 06:00 - 1 hour - 55.7 MB

What do you think of when you think about retirement? Are you on a tropical island drinking fruity cocktails out of a coconut? If you dream about that sort of retirement, Steve Adcock may have some revealing words for you. Retirement isn’t just about doing nothing all day, it’s about exploring your passions, and sometimes working more than you did before, to accomplish things that truly matter to you. Steve decided to leave his high-stress IT job after 11 years of work. It was eati...

226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?

August 27, 2021 06:00 - 1 hour - 74.8 MB

Sometimes having a lot of cash can be dangerous. Would you rather be sitting on months (or even years) worth of emergency reserves or have your money be challenging inflation by sitting in investments like index funds or real estate? This is the question that many people have, and also one that today’s guest, Phil, is having as well. Phil and his wife live in a relatively low cost area and bring in a very solid income. They’ve been maxing out HSAs, 401(k)s, and other accounts all w...

225: From $52K in Debt to $100K/Month in (Almost) Passive Income

August 23, 2021 06:00 - 1 hour - 62.1 MB

A lot of people in the financial independence community successfully get out of debt, but not many of them get out of debt and then start a monthly six-figure side business. One person who has done that is Deacon Hayes. Deacon was raised by a single mother on welfare who taught Deacon that debt was a way of life. When Deacon married his wife, they both collectively realized that the only way for them to live the life they wanted to, was to get out of debt. Deacon did whatever he co...

224: Finance Friday: Paid-Off House Peace of Mind vs. Investing Opportunity

August 20, 2021 06:00 - 1 hour - 62.7 MB

Making too much money is a good problem to have, and it’s one that many people in the Bay Area experience. Today we talk to Laurin, a mother of two, making $281,000 a year when combining her salary with her husband’s. They’re doing everything right: paying off the mortgage, contributing to their 401(k)s, and saving up for an emergency reserve.  With all these investments and income, Laurin is wondering whether or not her investing strategy is optimized. Her mortgage spans 15 years,...

223: How ‘The Rich Immigrant’ Went from $10/Hour to Wealthy Globetrotter

August 16, 2021 06:00 - 42 minutes - 39.1 MB

Dee Olateru doesn’t have the traditional FI story, but it didn’t take her long to catch onto the concepts that now allow her to live a life exactly how she sees fit. Dee immigrated to the United States from Nigeria when she was sixteen. Without the ability to get student loans, Dee had to work throughout school, apply for every scholarship available, and borrow money from friends and family to pay for her undergrad degree. While she made it out of college without student debt, she ...

222: Finance Friday: Are You Too Over-Diversified In Your Investments?

August 13, 2021 06:00 - 1 hour - 80.5 MB

Investments galore! This week, we talk to Jeana and Scott, a couple with a hefty amount of investments under their belt. We know what you’re thinking, “what type of stocks and real estate are they investing in?” This is where you might be surprised. Jeana and Scott are investing in three gyms, a gas and oil investment, a documentary, a 24-unit apartment building, a 52-unit apartment building, a senior care business, and...a $20,000 dog! Seriously! This is one of the most diversified...

221: Hard Decisions Leading to a $170k Debt Payoff (During Covid)

August 09, 2021 06:00 - 1 hour - 68.7 MB

Darius Smith always knew how to make money, but wasn’t very good at saving it. Growing up, he had jobs ranging from delivering phone books, to running paper routes, to even putting up eviction notices on homes. He opened his first bank account when he was around nine years old! So how did Darius end up with almost $170,000 in debt? An even better question may be, how did Darius pay off all that debt in only a few years? Darius spent time at multiple different colleges, racking up $...

220: Finance Friday: How Do I Scale My Business But Reduce My Hours?

August 06, 2021 06:00 - 1 hour - 55.9 MB

Entrepreneurs work long, stressful hours, and as a result, they get paid the big bucks. This is the position that Stephanie, a freelance Salesforce consultant is in. She makes a respectable income, bringing in $14,000 after tax! But, that income comes at a cost. While Stephanie is currently contracting out work to a few part-time employees, she spends at least 50 hours per week on the business. She’d like to get to a point where she can step back and work 20 (or so) hours per week ...

219: Syndications: Everything You Need to Know BEFORE You Invest

August 02, 2021 06:00 - 2 hours - 115 MB

You may have heard the term “real estate syndication” thrown out quite a lot over the past few years. It seems like almost every real estate investor is either starting a real estate syndication or investing in one. So what’s all the hype about? Is this an investment opportunity that you’re missing out on, and if so, is it truly passive as many people claim? We’ve brought the master flipper, rehab estimator, and syndicator himself, J Scott, back to the BiggerPockets Money Podcast s...

218: Finance Friday: How to Plan for Inconsistent Income as an Entrepreneur

July 30, 2021 06:00 - 1 hour - 63.8 MB

Combining finances can be complicated, but what’s even more complicated is combining one salary with two inconsistent business accounts. How do you manage the household’s budget when you don’t know what will be coming in every month? This is the question Roshan and her husband have for us today. Roshan works as a teacher making a very steady income and has access to retirement plans like her pension and a 457(b). Her husband, on the other hand, runs a seasonal flower business that ...

217: Don’t Quit Your Job, “Fire Your Boss” on Your Terms w/ Rahkim Sabree

July 26, 2021 06:00 - 1 hour - 65.7 MB

Rahkim Sabree “aspired to be poor” when he was growing up. He saw his parents collecting section 8 housing vouchers, getting food stamps, and thought that this was the way life was. He didn’t grow up around many homeowners. All of his friends lived in apartment rentals and were in the same financial situation as him. There were no “financial literacy talks” at Rahkim's dinner table. It wasn’t until Rahkim left college and got a banking job that he decided to look at where his money...

216: Finance Friday: Turning Spare Bedrooms into $1,000+ Extra Every Month

July 23, 2021 06:00 - 50 minutes - 46 MB

Amanda is making a teacher’s salary and spending her weekends working a part-time job at a grocery store. She contributes to her retirement accounts, but she could be sitting on a passive income gold mine that she doesn’t realize.  Attached to Amanda’s home are a casita and a mother-in-law suite. The casita is rented out to long-term tenants and the mother-in-law suite has been used as a short-term rental for some time. But what if instead of keeping her casita as a long-term renta...

215: FI: More Than Retirement, a Chance to Take Risks w/ Diania Merriam

July 19, 2021 06:00 - 1 hour - 72.2 MB

After years and years of working in licensing, Diania Merriam opened up her credit report and saw that she was (collectively) $30,000 in debt. This forced her to ask the question, “what am I working for?” It made sense at the moment: you get your paycheck, you can go out to a fancy dinner, you get another paycheck, you can buy yourself something nice. But Diania wasn’t happy, or at least as happy as she thought she’d be. She realized that she didn’t want to be stuck in a job she ha...

214: Finance Friday: Fighting Cancer, Starting a Family, & “Planting Seeds”

July 16, 2021 06:00 - 1 hour - 69.5 MB

It’s hard to imagine what someone is going through once they’re given a cancer diagnosis. The last thing many people want to think about during such a troubling time is finances. This was true for Zachary, who’s combined net worth with his partner more than doubled while he was supporting her throughout her chemotherapy and cancer surgeries. Even though it was a medically troubling year, Zachary and his partner were able to almost double their income, while keeping expenses fairly ...

213: Retiring in 6 Years After 20 Years of Money Mistakes

July 12, 2021 06:00 - 1 hour - 83.2 MB

Growing up in Mexico, Saul Tijerina didn’t fully understand the concept of financing. It wasn’t that he couldn’t conceptualize financing, it was more that he wasn’t around it enough to think of it as an option. In Mexico, everything was sold for cash, whether it was a home, a car, or a new TV. Owning something meant that you really “owned it”, not just “I’m paying this off.” It’s no surprise that when Saul came to the United States to work, he was in for a financial shock. New car...

212: Finance Friday: When Should You Pause Your Retirement Contributions?

July 09, 2021 06:00 - 1 hour - 58.7 MB

Starting a strong financial position in your youth is probably the most important thing you can do to hit financial independence. Sometimes that strong position includes maxing out retirement accounts, like Roth IRAs, 401(k)s, or even HSAs (health savings account), but sometimes, it doesn’t. Scott and Mindy talk to Kirsten about the potential option of pausing her retirement contributions to buy a duplex so she can house hack. While this may seem counterintuitive, pausing retiremen...

211: From -$28k in Debt to $107k Net Worth by Cutting Out the Unnecessary

July 05, 2021 06:00 - 1 hour - 63.9 MB

It’s nice to hear a fan of the BiggerPockets Money Show talk about how they are on the path to financial freedom. It’s even nicer when we hear that the fan, Melissa Yi, went from a negative net worth to now $100k+ due to some simple tips from Scott and Mindy. Melissa had stints in her childhood where she was facing homelessness, not knowing where her next meal was coming from. She worked hard after high school and ended up at a job that offered to pay for her college education. A y...

210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

July 02, 2021 06:00 - 1 hour - 57.6 MB

Teachers do a lot more than we give them credit for (as shown throughout the past year and a half), but sadly, they don’t get paid terribly high salaries. Today’s guest, Stephanie, is a music teacher for young children and is debating whether or not she should make a career change to up her income to higher levels. Stephanie has a good amount in savings and investments but wants to take on a duplex to house hack and save money on monthly housing costs. Scott and Mindy walk through ...

209: Creating Financial Runway to Start a 7-Figure Business w/ Bola Sokunbi

June 28, 2021 06:00 - 1 hour - 59 MB

Growing up, Bola Sokunbi had some serious financial influence from her parents. Her father would tell her “Don’t be penny wise and pound foolish” while her mom showed her the importance of being an independent woman who could financially stand on her own. They both influenced her to become the financial author, mentor, and teacher she is today with Clever Girl Finance. Bola split her youth between Europe and Africa, and when given the chance to go to college back in Europe, her mom...

208: Finance Friday: 23 Years Old, Steady Pay, Low Income, Should I Invest?

June 25, 2021 06:00 - 1 hour - 60.5 MB

We’ve said it before and we’ll say it again: it’s never too early to start your journey to financial independence. Today we talk to Mackenzie, a 23-year-old college graduate, working a government job and paying for only minor expenses. She has a serious emergency fund she’s managed to save up and has questions on house hacking, setting up retirement accounts, and the fastest way to get to FI. When you start your financial journey at such a young age, you have many different opportu...

207: Comfortably Retiring in Her 40s as a Single Mom with $850k Net Worth

June 21, 2021 06:00 - 1 hour - 58.9 MB

Part of the reason we started the BiggerPockets Money Show was to share financial stories from all different backgrounds, giving you, the listener, confidence to reach your financial goals regardless of the stage you’re at in life. There’s no better story or person to personify this than Dr. Lakisha Simmons.  Lakisha grew up in Indianapolis, born to teenage parents who didn’t have much. She spent the majority of her youth living at different family members’ houses, shopping bargain...

206: Finance Friday: The 7-Step Plan to Financial Freedom

June 18, 2021 06:00 - 1 hour - 74.9 MB

For most people, there tends to be a specific point in your life when you think, “I want to travel” or “I want to spend time pursuing my passions”. For today’s guest Ainsley, this happened about two years ago. She has spent the last decade or so being a stay-at-home mom, but is looking to up her household income by getting a job that will provide an extra $36,000 a year to the family budget. Her main question: what should this extra income be used for? Mindy and Scott come up wit...

205: From $50k in Debt to Financially Free in 2 Years w/ Lots of Ups & Downs

June 14, 2021 06:00 - 1 hour - 69.6 MB

There are lots of twists and turns throughout every investor's journey, but maybe not as many as Zeona McIntyre’s. Growing up with the words of Suze Orman in her ear, Zeona knew that there were a few things she had to do, like max out her Roth IRA every year. It wasn’t until Zeona was talking to a friend who told her about Airbnb arbitrage that she realized a future in real estate investing may be the most successful. Before there were many short-term rental laws, people would Airb...

204: Finance Friday: Single Mom Making 20% ROI on Detroit Rentals

June 11, 2021 06:00 - 1 hour - 62.3 MB

We all know someone who hustles. Maybe it’s your sibling or your friend, or maybe you’re the hustler in your group. Those who hustle to make more money seem to always find new ways to bring in more cash, and that’s exactly what today’s guest, Alicia, is doing. Alicia jokes that she has 2-4 jobs, because in the day she’s working 65 hours a week at a media company, but is also a “saloon girl” and professional singer on the side. How many moms do you know that can ride a mechanical bul...

203: 14 Kids, One Income, and STILL Retiring 10 Years Early

June 07, 2021 06:00 - 1 hour - 70.8 MB

What’s your excuse for not hitting financial freedom? Maybe you work at a low paying job, maybe you only have one income for your household, or maybe you’re caring for a few kids, limiting the income you can save and invest. Prepare to have your excuses obliterated, because today we’re talking to Rob and Sam, who raised their 14 children on one income alone. And we aren’t talking about a $500k per year income, we’re talking about a median income! Rob and Sam always wanted a big fam...

202: Finance Friday: How Should I Plan Ahead to Leave College Debt-Free?

June 04, 2021 06:00 - 54 minutes - 49.7 MB

Most 21-year-olds aren’t thinking about Roth IRAs, early retirement, house hacking, or graduating college debt-free. But today’s guest, Anthony, is! Anthony is currently a student in community college, preparing to transfer to a four-year college next year. He has a paid-off car, no credit card debt, and makes around $2,000 a month, with $800 or so as extra income each month. Anthony is wondering where the best place to put his extra income is. Should he invest in his Roth or shoul...

201: Don’t Delay Your Wealth by Being Scared of “Good Debt” w/ Jake Simon

May 31, 2021 06:00 - 1 hour - 62.8 MB

How do you think about debt? Most of us would shudder to think of having high-interest consumer debt in our lives, and for good reason. Consumer debt can lead to a detrimental financial future and tons of wasted money on interest. But what about good debt? Debt to buy rental properties or help an aspiring business. How do you feel about that debt? Today we’re joined by FI chaser, and friend of Mindy, Jake Simon. Jake was raised in a frugal household. He learned to spend less than h...

200: Episode 200 Special: A Personal Finance Masterclass with Kyle Mast

May 28, 2021 06:00 - 1 hour - 76.7 MB

We love when guests come back on the show, especially when that guest is Kyle Mast. You may have heard him back on episodes 41 & 84, but now he’s here to celebrate our 200th episode with us! Scott and Mindy have come up with their own questions to ask Kyle ranging from retirement accounts, to asset allocation, to the future of cryptocurrency, and more. If you’re worried about retirement, Kyle has you covered. We go over some great topics like whether you should choose a traditional...

199: Is It Worth $500,000+ In Student Debt for Higher Paying Careers?

May 24, 2021 06:00 - 1 hour - 56 MB

The average American takes a long time to pay off debt, especially student loan debt. These amounts can vary, some people have a few thousand in student loan debt, others have tens of thousands, but what about $521,741 in student debt? Would you be able to pay off over half a million dollars in student loans, all while trying to buy a house and regularly invest? This is exactly what Ty from Debt Ascent did, and he did it quite successfully. Ty is an engineer and his wife is a denti...

198: Finance Friday: Are You Spending Too Much Time on Low-Pay Jobs?

May 21, 2021 06:00 - 1 hour - 63.4 MB

Many of you know that Mindy loves live-in-flips, and although she can definitely swing a hammer, she doesn’t have the skills of a finish carpenter, but today’s guests, Serafina & Darrin, do! Serafina and Darrin were both working at non-profits, but over the last year have transitioned to running their own business named Carlucci Woodworking. Serafina takes care of the bookkeeping while Darrin takes care of the carpentry. They’re a dynamic duo! All this is happening while they are t...

197: 4 Children, a Lower Income, and STILL Hitting Financial Independence

May 17, 2021 06:00 - 1 hour - 62.3 MB

There are a lot of excuses we hear from people as to why they can’t reach financial independence. They needed that new car, they needed that nicer apartment, they needed the expensive vacations. Often, this is what we hear from people making a high income, unlike today’s guest, non-profit worker Nate Forbes. Nate knew that he liked working jobs that tended to pay less, and with the support of his wife, he stayed at them. When his wife was ready to be a stay-at-home mom, Nate took a...

196: Finance Friday: Debt-Free, Great Pensions, But Will it Be Enough?

May 14, 2021 06:00 - 1 hour - 78.8 MB

Getting out of debt can be very empowering, which is exactly how Azar and Jeffrey felt when they paid off $83,000 of debt in under 3 years! They thought it may be the best time to start investing in real estate, but with a surprise baby on the way, they need to be sure they’re prioritizing stability over growth. Since they’re in such a great position, they should be able to do both! Azar works as a school nurse bringing in a respectable salary, while Jeffrey gets disability payment...

195: 3 Degrees, Debt Free, and “Coasting” to Financial Independence

May 10, 2021 06:00 - 55 minutes - 50.8 MB

Student loans can often drag people into debt, especially when chasing more than one degree. But here’s an unusual story: Brenda Olmost, PhD student, nurse practitioner, and member of the FIRE community is graduating with NO debt. Amazing right? Brenda has worked her tail off over the past decade getting scholarships, living below her means, and working whenever she can so she graduates her program with no debt. Not only has Brenda done a fantastic job making extra income, she’s be...

194: Finance Friday: Will I Still Be Able to Hit Retirement At 60?

May 07, 2021 06:00 - 1 hour - 67.9 MB

It’s a common concern among many Americans on whether or not they can retire on a timeline they feel comfortable with. In this episode, we talk to Deb, who’s having some of those same concerns. She has over $100,000 in assets (not including the house) and wants to be sure that she can provide a great life for her children all while saving more and more for retirement. Deb has read so many money and financial independence forums about mid twenty year olds with six-figure incomes and...

193: Building a Business After Homelessness, Addiction, and Debt

May 03, 2021 06:00 - 1 hour - 77.9 MB

Part of the mission of the BiggerPockets Money Show is to share journeys from all walks of life. Our guests show that no matter where you’re at, you can reach financial freedom and enjoy your life on your terms. Today’s guest, T Christopher Colton, is a shining example of pulling yourself out of the depths and into the light. Chris never liked school, and was spanked all throughout elementary and middle school for failing to pay attention in class. He was told he needed to go to co...

192: I Make Great Money - Why Do I Feel So Broke? Finance Friday

April 30, 2021 06:00 - 1 hour - 57.9 MB

In many of our lives, we make a decent salary, we try to save and invest, but we still feel bogged down by debt. How is it possible to feel “broke” while making a great salary? That is the question that Tiara, today’s guest, is asking. Tiara works as a park ranger in Texas, but wants to take a break in the next few years to go on a big travelling holiday. This is a great idea! She’s worked very hard, managed to get some assets under her name, and needs a break. But before she can g...

191: It’s Not Your Money, It’s Your Future Self’s Money with Angela Rozmyn

April 26, 2021 06:00 - 57 minutes - 53 MB

Many of us have had the benefit of growing up in households where our parents taught us about money, saving, and investing. Angela Rozmyn was raised in one of these households, and when she wanted something like a bunk bed, her parents got her to work so she could split the cost of it. Clearly this has helped her even to this day as she pursues financial independence and runs the Facebook Group “Women’s Personal Finance (Women On Fire)”. Before she was on her financially independen...

190: Why You Should Always Have Side-Income: Finance Friday with Rachael

April 23, 2021 06:00 - 58 minutes - 53.6 MB

Side businesses can be a fantastic way to boost your savings and investing rates, especially if you’re making a low salary! Rachael works in the insurance industry and is keen on getting a promotion soon, due to her recently acquired license. She loves her work and wants to stay with her company as long as she can, but she also wants to increase her income so she can save more for her retirement, her college funds, and pay off some student debt. Rachael has always been an artist an...

189: Revenge Spending: How It’s Sabotaging Your Financial Relationship

April 19, 2021 06:00 - 1 hour - 57 MB

Getting a finance degree doesn’t make you a great investor or saver, that’s what Teri Slater, personal finance coach found to be true after completing her degree. From a relatively early stage, Teri had already racked up student loan debt, a car loan, and credit card debt. She pulled herself out of debt and felt accomplished, but after she got married and bought her first house, she found herself back in debt. About $200k in debt! Teri and her (then) husband had high incomes, a nic...

188: Finance Friday: Is A Master's Degree Worth The Pay Raise?

April 16, 2021 06:00 - 55 minutes - 50.6 MB

Being strapped with student debt isn’t easy. It creates a whole new obstacle to hitting financial freedom, but it can be mitigated. So does it make sense to invest on the side and pay the regular monthly payments on student debt, or go all-in and pay off huge chunks of student debt at once? Today’s guest, Robyn, has this exact question (which many of you may have as well).  Robyn lives in the Bay Area, one of the most notoriously expensive housing markets on the planet. That being ...

187: Tiffany Aliche's 10 Financial Components to Become 'Financially Whole'

April 12, 2021 06:00 - 1 hour - 78.6 MB

Tiffany Aliche is back for her third appearance on the BiggerPockets Money Show! We’ve talked to her about how to teach your children about money and climbing out from financial rock bottom, now we talk to her about making millions! If you haven’t heard from Tiffany before, we’ll catch you up on her backstory. Tiffany was doing well with money up until her mid-twenties, then she hit a few snags, and even got scammed out of $35,000 from who she calls “Jack the Thief”. She was living...

186: Finance Friday: Using Student Loan Forgiveness to Catapult FI w/ Sammie

April 09, 2021 06:00 - 1 hour - 56.7 MB

Today we talk to Sammie, a physician assistant out of the San Francisco Bay Area. Sammie makes a great income, around $140,000 a year, but is strapped with a very big $160,000 student loan debt. The good news? She’s eligible for public service loan forgiveness within only a few years, all she needs to do is continue paying her loan payments while keeping her job, and the debt will be wiped away! This is fantastic for Sammie, because she wants to start investing more into assets so ...

185: “I DON’T Want to Retire Early” with Investing Expert Barbara Friedberg

April 05, 2021 06:00 - 1 hour - 69.5 MB

Barbara Friedburg wasn’t always the savvy investor and saver that many people know her as, but her background helped get her there. Born to parents of the great depression, Barbara had the traits of frugality and modesty instilled into her from a young age. Money was an open subject of discussion in Barbara’s household, unlike most households today. Her parents taught her to value money, not waste it, and be smart when you spend. Barbara’s innate financial intelligence was clearly ...

184: Finance Friday: Is Your FI Number Overly-Conservative?

April 02, 2021 06:00 - 44 minutes - 40.6 MB

Saving up for financial independence can take some time, but if you’re earning a high salary, keeping your exSaving up for financial independence can take some time, but if you’re earning a high salary, keeping your expenses low, and heavily investing, FI can come quicker than you think. Today, we talk to Kristine, an estimator in the mechanical engineering and plumbing industry. Kristine and her fiancé make a sizable amount of money. Even better, they spend very little for their in...

183: Mini Millionaires: How to Set Up Your Children for Financial Independence with Rob Phelan

March 29, 2021 06:00 - 53 minutes - 48.9 MB

Those who are part of the FI or FIRE movement know how important it is to set yourself up on the right path in your youth. For parents, how do you get your kids excited about pursuing financial freedom? How do you talk to your kids about taxes, retirement accounts, saving, investing, and real estate without them falling asleep? This was Rob Phelan’s question when he started working to build the Choose FI Foundation. The foundation’s goal is simple: help kids achieve financial liter...

182: What if My Career Gets Phased Out? Finance Friday with Mike

March 26, 2021 06:00 - 1 hour - 56.1 MB

Mindy and Scott don’t often get stumped on the Money Show, but it happens once in a great while. What do you do when you have a multi-million dollar net worth, appreciating properties, a maxed out 401(k), and a solid safety reserve? That’s exactly the question that today’s guest, Mike, has.  Mike has worked in the music industry for years, moving all around the US to do his job. As technology has evolved, Mike is predicting an end to his specific role over the next decade, and is w...

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 19 Episodes
@travelingwallet 1 Episode
@fimechanic 1 Episode
@robert_a_berger 1 Episode
@almostbrenda 1 Episode
@fidilettante 1 Episode
@dadsaysjokes 1 Episode
@moneyspeakeasy 1 Episode