BiggerPockets Money Podcast
529 episodes - English - Latest episode: 8 days ago - ★★★★★ - 2.8K ratingsFor 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
320: Finance Friday: How to Invest When the 20-Year Grind Pays Off
July 22, 2022 06:00 - 1 hourRetirement strategies range from simple index fund investing all the way to full-on real estate development deals. What works for some investors won’t work for others. What’s most important to you is knowing what will or won’t work for your lifestyle. Some workers can easily do a couple of fix and flips on the side to generate income, while you may have a sixty-hour workweek, without a lot of free time to start investing in more intense asset classes. Chris feels just like this. As a working ...
319: The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable
July 18, 2022 06:00 - 1 hourYour financial freedom journey won’t look like anyone else’s. It’s your future, your passion, and your life on the line when trying to hit financial independence. But what are we missing out on during the journey? Are we mindlessly walking towards a “money mirage” where everything in life is perfect and happiness is always abundant, simply because we have more money? Or, is the end of the financial independence journey far less satisfying than it’s hyped up to be? Doc G, from The Earn & Inves...
318: Finance Friday: The Median Earner’s Guide to Fast-Tracking FI
July 15, 2022 06:00 - 1 hourThe “semi-retired” lifestyle seems to go against everything early retirement chasers have been taught. For years, it’s been pushed into our brains that “retirement” is one stark event. You retire once, do what you want for the rest of time, and that’s that. But life doesn’t always go that way. Today’s guest Amanda has spent the past two decades raising children, working, and focusing on getting an advanced degree. Now, with extra money coming in she’s finally in the position to invest. Amanda...
317: Early Retirement by 30 with $20K/Month in (Actually) Passive Income
July 11, 2022 06:00 - 1 hourEarly retirement is something people in their forties and fifties do, right? It would seem almost impossible for someone to retire in their mid/late twenties or early thirties without a large inheritance or winning the lottery. Today you’ll meet the woman who did the impossible—Rachel “Money Honey” Richards. Her voice may sound familiar as not so long ago Rachel was a guest on The BiggerPockets Real Estate Podcast where she talked about retiring in just two years thanks to “aggressive” real e...
316: Spending Categories to Cut During a Downturn | Mindy & Carl’s Budget Review
July 08, 2022 06:00 - 40 minutesWhen building your budget, do you have a line designated for “economic downturn” or “high inflation?” Probably not. Many financial freaks like Carl and Mindy Jensen don’t prepare for economic anomalies like rampant inflation or double-digit stock market losses. And like most Americans, they’re finding it hard to not spend more money every month. Carl and Mindy understand this, but can't seem to rein in their rebellious budget. This month was their most expensive month ever. And even though th...
315: From 400 Credit Score to Making $17,000/Month in Passive Income
July 04, 2022 06:00 - 1 hourPassive income and credit scores. While they don't entirely rely on each other, having good credit does allow you to build passive income streams far faster. Andrew Brazell learned this the hard way, but thankfully profited big time by making some needed changes. Less than a decade or so ago, Andrew was living in a rat-infested apartment, riddled with credit card and student loan debt, spending all of his money every month. He felt financially hopeless until he struck up a conversation with h...
314: Finance Friday: How to Get to Early Retirement Even Faster
July 01, 2022 06:00 - 1 hourThose 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 tec...
313: The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach
June 27, 2022 06:00 - 57 minutesEarly 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 per...
312: Buy Now, Pay Later: Consumer Convenience or Predatory Pricing Scheme?
June 24, 2022 06:00 - 52 minutes“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, NP...
311: How to Create Financial Security (From Scratch!) and Become “Set for Life”
June 20, 2022 06:00 - 1 hourWhat'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 ...
310: Finance Friday: Sell (Don’t Rent) Your Primary Residence When You Move Out
June 17, 2022 06:00 - 1 hourRetirement 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 o...
309: Bonds: The Perfect Inflation Hedge (with One BIG Caveat)
June 13, 2022 06:00 - 1 hourI 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...
308: Why You Can’t Stop Overspending | Mindy & Carl’s Budget Review
June 10, 2022 06:00 - 42 minutesMany FIRE chasers want to know how to stop overspending. But maybe the solution to overspending is simply knowing about it in the first place. For many Americans, credit card debt, exuberant living, and buying more than what they need are ongoing problems. And even for money masters like Carl and Mindy Jensen, it’s no different. As two leaders in the personal finance space, they understand why people overspend and how to stop it. But, as they’ve found out this year, giving advice can be easie...
307: The 4 Steps to Financial Freedom and Debt-Free Wealth
June 06, 2022 06:00 - 1 hourWant to work less and make more? With a forty-hour workweek, it seems hard to imagine a reality where you can do less but still get the same results. How can you fit an entire week’s worth of work into only one day’s working hours? Jason Wojo and Peter Kolat, hosts of The Lifeonaire Show, argue that it’s easier than you think to cut out much of your workday, enjoy your life more, and reach financial freedom faster. Both Jason and Peter grew up in troubling financial environments—raised in hou...
306: Finance Friday: Self-Employed Income and Short-Term Rental Investing
June 03, 2022 06:00 - 1 hourIf you want to invest in real estate, you’ll need a few things: a property, an income source, and some cash. If you’ve got all three, you should be able to finance your way to owning a rental property, but this becomes a little more challenging when you’re someone with fluctuating income. Entrepreneurs, especially those without a consistent client base or consistent schedules, have a seriously hard time tracking, budgeting, and saving their income which changes every other month. Chelsea and ...
305: What to Do Before You Quit the High-Pay & Benefits of Corporate World
May 30, 2022 06:00 - 1 hourBefore you quit your job, you will need to prepare yourself not just financially, but mentally. If you’re thinking of leaving your W2, and you're not at retirement age just yet, odds are you have a side hustle or even an entire small business. As the side hustle begins to grow, you may be torn between spending time at your job and putting in the hours to scale your business. This is doubly true if you’re like Daniella Flores from I Like to Dabble, who is at a high-paying, fully-remote job wit...
304: Finance Friday: The Fastest Way to Pay Off $300k in Student Debt
May 27, 2022 06:00 - 1 hourIt’s a strange time for student debt. On one hand, many college graduates are electing not to pay their student loans while they sit in forbearance. On the other, some debtors are choosing to take advantage of the zero-percent interest period as a way for them to pay down their loans faster. While neither of those choices is inherently wrong, they may also not be right. Today’s guest, Colton, finds himself in this position with a good $300,000 worth of student debt. This number encompasses bo...
303: The Secret Steps to Getting Qualified for the Best Mortgage Possible
May 23, 2022 06:00 - 1 hourYou may have seen mortgage tips posted throughout the forums or in the BiggerPockets Money Facebook Group, but rarely do you get preapproval tips straight from a lender themselves. As the housing market stays hot and interest rates continue to rise, it may seem harder and harder to get approved for the amount, or the interest rate, that you want. Now, instead of guessing what you can do to increase your financeability, you can get answers directly from the source! Joining us today is Jon Lall...
302: Finance Friday: Can I Live in Flip My Way to FI at 55 Years Old?
May 20, 2022 06:00 - 1 hourAlmost 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? Thankfully f...
301: Why You’re (Probably) Wrong About Prenups
May 16, 2022 06:00 - 1 hourAsking 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 invited at...
300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth
May 13, 2022 06:00 - 1 hourYou’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. Today’s guest, ...
299: Food Spending Eating Away at Your FI Plans? Here's How to Eat for Cheap
May 09, 2022 06:00 - 56 minutesBudget 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 = expensive...
298: The April Stock Market Slump | Mindy & Carl’s Budget Review
May 06, 2022 06:00 - 30 minutesStock 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 plans? Welcom...
297: How to Find Free Money to Finance Your Education & Avoid Extensive Student Debt w/Robert Farrington
May 02, 2022 06:00 - 1 hourThe 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 decision should...
296: Finance Friday: How Do I Get Out Of This Cash Flow Crisis?
April 29, 2022 06:00 - 1 hourEveryone 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 left his old...
295: Fueling Early Retirement at 36 with Just 4 Rental Properties w/Antoinette Munroe
April 25, 2022 06:00 - 59 minutesEarly 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 last semest...
294: Finance Friday: Stable Index Funds or Cash-Flow-Reliable Rentals?
April 22, 2022 06:00 - 1 hourIndex 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 bought at the...
293: Why 40% of Master's Degrees Aren’t Worth It (and Which Are) w/Preston Cooper
April 18, 2022 06:00 - 1 hourA 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 thousands of p...
292: Mindy & Carl’s Spending Summary: March Money Madness Edition
April 15, 2022 06:00 - 41 minutesFinancial 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 we’re nami...
291: Turning eBay Profits into Cash-Flowing Rentals w/The Frugal Gay
April 11, 2022 06:00 - 1 houreBay 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 do to a nin...
290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings
April 08, 2022 06:00 - 1 hourRenting 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 payoff sche...
289: How to Retire in 3 Years (After MANY Mistakes) with Real Estate w/Hugh Carnahan
April 04, 2022 06:00 - 1 hourReal 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% wrong! H...
288: Finance Friday: Am I Investing Fast Enough to Retire Early in Portugal?
April 01, 2022 06:00 - 1 hourPassive 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 husband's jo...
287: How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent
March 28, 2022 06:00 - 56 minutesDo 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 find it ha...
286: Finance Friday: Building Your Financial Runway Even with Irregular Income w/ Eric Dunn
March 25, 2022 06:00 - 1 hourIt'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 lately. After ...
285: The Difficult Path to Wealth: Losing Money on Your First Real Estate Deal w/ JL Collins
March 21, 2022 06:00 - 1 hourWhen 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 Before It Was ...
284: Carl and Mindy’s Spending Summary: Why We Went $1,000 Over Budget…Again
March 18, 2022 06:00 - 42 minutesTravel 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 permits. Car...
283: 8+ Income Streams as a Single Mom and Money Master w/ Tiffany Grant
March 14, 2022 06:00 - 1 hourMultiple 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 income strea...
282: Finance Friday: Got a Late Start? Here’s How to Ramp Up Your Passive Income
March 11, 2022 07:00 - 1 hourPassive 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 it comes t...
281: Former Fed President Warns Easy Money Will Bring Big Consequences for Investors w/ Tom Hoenig
March 07, 2022 07:00 - 1 hourInflation 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 that avera...
280: Finance Friday: Who Should (and Shouldn’t) Be Investing in Real Estate
March 04, 2022 07:00 - 1 hourInvesting 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 as simple...
279: Digital Nomad-ing and Answering All Your FIRE Healthcare Questions w/Amy & Tim from GoWithLess
February 28, 2022 07:00 - 1 hourHealth 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) fixed in...
278: Finance Friday: How to Quell Your Money Anxiety (Even as a High Earner!)
February 25, 2022 07:00 - 1 hourIf 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 your expens...
277: Fighting the “Hustle Culture” That Ruins The Joy of Financial Independence w/ Pete McPherson
February 21, 2022 07:00 - 1 hour“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 culture” taking...
276: Carl and Mindy’s Spending Summary: Why Did We Go So Over Budget in January?
February 18, 2022 07:00 - 50 minutesEmergency 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 replacements, a...
275: The Most Common (and Rarely Discussed) Money Mishaps w/ David Pere
February 14, 2022 07:00 - 58 minutesLifestyle 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 their systems ...
274: Finance Friday: What’s The Best Way to Buy Rentals—Partnerships or Solo?
February 11, 2022 07:00 - 1 hourRental 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 properties. He has ...
273: Breaking Down Barriers: From Homelessness to Renowned Surgeon w/Dr. David L. Rhoiney
February 07, 2022 07:00 - 1 hourThe 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 precision tha...
272: Finance Friday: Should You Pay Off Your Mortgage Early or Invest?
February 04, 2022 07:00 - 1 hourAhh, 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 for someone ...
271: The 4 Rules of Managing Your Money w/Jesse Mecham from YNAB
January 31, 2022 07:00 - 1 hourYou 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, allowing him to...