BiggerPockets Money Podcast
529 episodes - English - Latest episode: 10 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.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
270: Finance Friday: How to Achieve “Financial Flexibility” on a $65K/Year Salary
January 28, 2022 07:00 - 1 hourFinancial 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 he relived ...
269: From Filing Bankruptcy to $1.4 Million in Income Producing Assets
January 24, 2022 07:00 - 1 hourToday’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 he sued her...
268: Finance Friday: Why You Should Focus on ‘Hitting Singles’ for Early Retirement
January 21, 2022 07:00 - 1 hourExpats 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 has had the ...
267: Student Loans Update: Repayment, Refinancing, and Potential Forgiveness w/Robert Farrington
January 17, 2022 07:00 - 51 minutesStudent 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 to invest...
266: Finance Friday: How to Pay Off Bad Debt + When Is Life Insurance Worth It?
January 14, 2022 07:00 - 1 hourBad 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 after alre...
Protecting Your Home (and Wealth!) When a Natural Disaster Strikes w/ Steve Longenecker (Bonus Episode)
January 12, 2022 07:00 - 50 minutesHome 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 home city of...
265: Death and Finances: What to Do (Before and) After A Loved One Passes w/ Allison Nichol Longtin
January 10, 2022 07:00 - 1 hourDeath 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 six years i...
264: Finance Friday: Passive Income, Syndications, Real Estate, and Retirement
January 07, 2022 07:00 - 1 hour“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 on the Mone...
263: Becoming Debt-Free and Generating $320,000/Year from Simple Side Hustles w/Jannese Torres-Rodriguez
January 03, 2022 07:00 - 1 hourMost 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 composed sol...
262: Prenups, Projects, Prolific Spending, and Planning for 2022 w/ Carl & Mindy Jensen
December 31, 2021 07:00 - 1 hourMindy 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 about money f...
261: Stop Taking Money So Seriously w/ Joe Saul-Sehy & Emily Guy Birken
December 27, 2021 07:00 - 1 hourBuilding 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, expert, ...
260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)
December 24, 2021 07:00 - 1 hourStocks 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 for. They...
259: Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus
December 20, 2021 07:00 - 1 hourIf 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-host Joe Sau...
258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?
December 17, 2021 07:00 - 1 hourA 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 retirement ...
257: 20 Year-Old Minimum Wage Marine with $850k in Real Estate
December 13, 2021 07:00 - 1 hourWe 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 exactly! Af...
256: Finance Friday: Financial Independence in 5 Years w/ Short-Term Rentals
December 10, 2021 07:00 - 1 hourThere 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 this could f...
255: Escaping The Rat Race Before Your First Job w/ Dan Sheeks
December 06, 2021 07:00 - 1 hourIf you’ve been in the FI community for years, you know the ins and outs of retirement planning, index fund investing, house hacking, and every other money-making opportunity around. But, it’s safe to say that this took you years to figure out, sometimes well into adulthood. What if you were given the same knowledge you have now, but when you were a teenager? Dan Sheeks is trying to do this exactly, by teaching his students about personal finance, saving, investing, and how they can plan for ...
254: Finance Follow-Ups: When to Scale Up (or Down) Your Real Estate Portfolio
December 03, 2021 07:00 - 53 minutesWe’re back with another Finance Friday Follow-Up! This week, we talk to two past guests and review three life updates. Fabio from episode 174, Clayton from episode 168, and Rachael from episode 190 all have life updates for the audience! When we last talked to Fabio, he was starting to expand his real estate empire. Since the market has been so hot, he has had to pivot his strategy towards what works best for him in the long term. With a few years of military service left, Fabio wants to win...
253: 7-Figure Net Worth on a Middle-Class Salary w/ Adam Zaleski
November 29, 2021 07:00 - 1 hourOn the last day of a semester in college, Adam Zaleski’s geology professor dropped a bomb on his class: the professor was worth a staggering $10,000,000! The reason for telling the students about his net worth wasn’t to impress but to make the case that exponential growth is more likely than most people think. This taught Adam that he needed to choose a profession he enjoyed so he could continue to work, invest, and grow his wealth exponentially, just like his professor. Adam did just that,...
252: Finance Friday: Self-Employed Revenue, Health Insurance, and Hiring
November 26, 2021 07:00 - 58 minutesIt takes a leap of faith to leave a W2 job and wander through the hills and valleys of self-employment. With the right skill set, time management, and perseverance, you can come out more profitable (and happier) than you were originally at your old job. But, once you succeed, it may be hard to slow down the self-employment train, and your side-gig could become a full-on business, with the need for employees. TJ has put herself in a phenomenal position, both financially and income-wise. She l...
251: Is College Worth the Cost? This 30,000 Variable Study Says "Sometimes..."
November 22, 2021 07:00 - 1 hourIs college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. We know that ROI isn’t the only thing that matters when choosing a degree, but when looking at higher education through a financial independence lens, it’s definitely the highest value. Looking through census, employment, and Department of Education data is number crunching crusader, Preston Cooper. Preston and his team over at ...
250: Finance Friday: Laying a Strong Financial Foundation in Only a Few Years
November 19, 2021 07:00 - 1 hourEveryone knows that tech salaries tend to be on the higher end. In tech, you could be working as an engineer, programmer, or statistician, like today’s guest Matthew. But, Matthew never planned to go to school for this type of work. Half a decade ago, Matthew was wearing a chef’s apron, working forty to sixty-hour weeks, making slightly above minimum wage. He loved the work (and the food) but realized he couldn’t keep living with the long hours, low wages, and high stress. Mathew went back t...
249: The #1 Reason Side Hustles Fail to Become Businesses
November 15, 2021 07:00 - 58 minutesYou’ve heard the old statistic “nine out of ten businesses fail”, but why is that? If there are so many people willing to risk their livelihood to pursue a great idea, why do so many end up broke and back at a job? Gabe Nelson, certified financial planner and business advisor, has an idea. Gabe advises many business owners and solopreneurs through building their businesses with maximum cash flow and minimum time commitment. A couple of decades ago, Gabe was in the position many entrepreneu...
248: Finance Friday: I Just Got a Big Raise, What Should I Do With the Money?
November 12, 2021 07:00 - 1 hourYour late 20s through early 30s can be a financially troubling part of life. You aren’t making the most money you ever will, but you’re tackling big expenses. A wedding, a down payment, and trying to max out retirement accounts can put you in a financial tizzy. But, it doesn’t have to be so complicated, especially if you stick to a scalable investment strategy. Today’s guest Louise is in this position. She recently changed employers and found herself with a big uptick in monthly income. She ...
247: Turning 31 Years of Financial Disaster into Ultimate Freedom w/ Alex Felice
November 08, 2021 07:00 - 1 hourThere are few people on this earth that can make Mindy laugh as much as Alex Felice. He’s been around the block with BiggerPockets a few times, appearing on episode 301 of the BiggerPockets Real Estate Podcast. Alex has a growing rental property portfolio, a flipping business, and is a professional photographer/videographer. But, beneath his success, was thirty-one years of financial struggle. Alex was taught financial skills growing up. The only problem: he didn’t listen to any of the advic...
246: Finance Friday: I Want to Cash Out My 401k Early, Should I?
November 05, 2021 06:00 - 1 hour“Should I cash out my 401k?” That’s a question you never want to ask in an online financial independence forum. It’s been a well-known rule to never cash out retirement accounts due to withdrawal penalties, tax implications, and the possibility of throwing away your retirement plans. But, what if you had a substantially larger amount in real estate and other assets, what would you think then? Kate is in this exact predicament and has done a phenomenal job at growing her wealth over the past ...
245: High Income, New Cars, Profitable Businesses, and $190k in Debt
November 01, 2021 06:00 - 1 hourBrad Finn was raised with a strong work ethic that follows him to this day. He always knew he should be working hard, and that’s exactly what he did. Brad worked throughout high school, college, and started multiple businesses in adulthood. While his work ethic was strong, his financial skills were lacking. When Brad went to college, he remembers using almost a third of his student loans on partying alone. Fast forward to his mid-thirties, Brad is waking up in a beautiful house, with two nic...
244: Finance Friday: Why a $1M Retirement Goal Isn’t Far Fetched For Late Starters
October 29, 2021 06:00 - 1 hourRetirement planning can be complicated when you have so many options to choose from. Do you stick with the Roth IRA, the 401k, the Roth 401k, your employee pension plan, or solely invest in stocks and real estate? With all these different types of accounts and their numerous benefits and drawbacks, it’s easy to get stuck financially stalling. One person who has been able to optimize his retirement plans, is Matt, pilot and soon-to-be captain, delivering cargo around the United States. Matt ...
243: Ramit Sethi's Money Advice for Couples: Live a Rich Life, Together
October 25, 2021 06:00 - 1 hourIf you’re part of the FI community, you’re probably a saver. Heck, if you’re listening to this podcast you’re probably a saver. While we all are busy optimizing our budget, reinvesting dividends, and contributing to our retirement accounts, do we ever take a step back and ask, “why are we saving so much?” Maybe you have a simplistic answer for this: your kids, your spouse, your “future”. When it comes time to finally reap the rewards of all that saving and investing, we struggle, and often fa...
242: Finance Follow-Ups: Short-Term Rentals, Safety Reserves, & More Cash Flow
October 22, 2021 06:00 - 1 hourA few weeks ago, Mindy was asked by a listener of BiggerPockets Money, “when are you going to do a Finance Friday follow-up?” Well, listener, your wish has come true! Today we talk to three past guests of the BiggerPockets Money Show, Sarah from episodes 6 and 178, Brian from episode 180, and Erik from episode 170. In Sarah’s most recent episode, she spoke about having large safety reserves and sinking funds for her new property. Since being on the show, she’s taken time to evaluate how safe...
241: The Keys to Free College, Graduating Early, & Retiring with $10 Million
October 18, 2021 06:00 - 1 hourAmber Porter has one of the most optimized retirement plans we’ve ever seen. Seriously, she could give Mindy and Scott a run for their money! Amber grew up in a neighborhood that was anything but rich. Surprisingly, the wealthier people in her neighborhood were more interested in purchasing nice cars instead of investing, which they told her was essentially gambling. Amber quickly saw past this idea and realized that smart, consistent investing could lead her to many millions of dollars. She...
240: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA
October 15, 2021 06:00 - 1 hourMarching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more. On this live episode, your BiggerPockets Money host, Scott Trench, is joined by Brandon Turne...
239: The Side Hustle Queen’s Guide to a 100% Saving & Investing Rate
October 11, 2021 06:00 - 1 hourIf you and your sweetheart want to get married, rent a truck in a Colorado ski town, and have your dog watched while you’re doing so, Stephanie Warner is the person you should get in touch with. Even though she has a great W2 job, she still hustles hard with her side income work, making enough to pay for her lifestyle while her nine-to-five pays for her future financial freedom. Stephanie had enough money growing up, but she wasn’t given a ton of financial literacy lessons from her parents. ...
238: Finance Friday: 250x-ing His Salary from Employee to Business Owner
October 08, 2021 06:00 - 1 hourOver at BiggerPockets, we all have much love and respect for our trusted video editor, Joel Esparza. He brings phenomenal work quality, timing, and communication to every project he’s on, but many of us don’t know his inspiring and truly impressive backstory. Joel is originally from Venezuela, which has experienced rampant inflation over the past decade putting its citizens in economic turmoil. Joel went to school in Argentina and was able to leave without debt thanks to an inheritance left ...
237: $700k Net Worth in 4 Years Thanks to “Super Assets”
October 04, 2021 06:00 - 54 minutesIt didn’t take Addison Freeman long to realize what worked in school, wouldn’t work in real life. Those who got good grades and followed the standard playbook weren’t rewarded as plentifully on the investing front as they were in the classroom. When Addison realized it would take her over thirty years to hit millionaire status on the conventional track, she knew she needed a change. Addison started to look for, as she likes to call them, “super assets” or assets that grow while putting cash ...
236: Finance Friday: Enjoy Life Before FI with Simple Investing Strategies
October 01, 2021 06:00 - 1 hourStrong frugality is hard to come by. Not many people would write off their solar system as a business expense and use bitcoin mining to provide heat to their house, instead of using a space heater. These are just two things that Yourri, an engineer and diversification whiz, has done to make his balance sheet as optimized as possible. Yourri has spent the better part of the last decade at school and was able to graduate with a phenomenal job doing something he loves. He makes $120,000 a year ...
235: Why a High-Income Doesn’t Automatically Fast Track You to FI
September 27, 2021 06:00 - 1 hourHigh-income earners have a better shot at retiring early than those making a median income. That being said, with more money comes more investing risk. After the great recession, Bob Haines was sitting on a $300,000 loss from leveraging too many properties to flip. This put the possibility of retiring early multiple years behind. But, even with a money mistake as large as Bob’s, he’s been able to retire at age forty-four, a good twenty-one years before the standard retirement age. You could...
234: Finance Friday: From “We Can’t Retire” To Retiring Early in 5 Years
September 24, 2021 06:00 - 1 hourA rock-solid financial position consists of a few things: budgeting, expense tracking, living below your means, and making extra income. Once those are accomplished, you’re on track to start investing heavily and financial independence is in sight. This is exactly the position Lynsey (mother to Mindy’s pool boy) is in. Lynsey and her husband bring in a moderate salary from his job and her businesses of jewelry making, relationship counseling, and their garage and basement house hack. For a l...
233: How to Financially Plan for 2 Special Needs Family Members
September 20, 2021 06:00 - 1 hourLife can be challenging at times. When you think you’re in a stable spot, the universe tends to throw you one (or many) curveballs. In the realm of financial education, the smart early decisions we make can help alleviate the stress of these curveballs. This has happened almost to the tee for today’s guest, Karen Ferrero. Karen grew up in a small town to a middle-class family. She was a first-generation college graduate and worked throughout high school and college. She later took a job and ...
232: Finance Friday: What Would You Do With an Extra $100k Per Year?
September 17, 2021 06:00 - 1 hourKari and her wife made some big moves over the past few years. They packed up their stuff and left the San Francisco Bay Area for a relocation in the midwest. Unlike the Bay Area, the Midwest has many affordable housing options with plenty of chances to house hack. So, that’s exactly what the couple did! They bought a duplex in rough condition, put in close to $80,000 of renovations, and now get $900 a month from the side they’re renting out. Although this renovation allowed them to live for...
231: 'On the Road' to FIRE: The Massive Financial Benefits of Van Living
September 13, 2021 06:00 - 1 hourNot 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 making som...
230: Finance Friday: In My Mid-50s, Do I Have Enough to Retire Next Year?
September 10, 2021 06:00 - 55 minutesRetiring 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 needed for ...
229: The 6 Money Mistakes High School/College Students MUST Avoid
September 06, 2021 06:00 - 1 hourMost 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 jobs, and col...
228: Finance Friday: Is “Random Spending” Ruining Your Budget?
September 03, 2021 06:00 - 1 hour“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 family is consi...
227: ‘Rocketing' To FI at Age 35: What’s Life Like Post-Retirement?
August 30, 2021 06:00 - 1 hourWhat 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 eating away at...
226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?
August 27, 2021 06:00 - 1 hourSometimes 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 while havin...
225: From $52K in Debt to $100K/Month in (Almost) Passive Income
August 23, 2021 06:00 - 1 hourA 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 could to pay...
224: Finance Friday: Paid-Off House Peace of Mind vs. Investing Opportunity
August 20, 2021 06:00 - 1 hourMaking 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, so she’s ...
223: How ‘The Rich Immigrant’ Went from $10/Hour to Wealthy Globetrotter
August 16, 2021 06:00 - 48 minutesDee 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 still had ...
222: Finance Friday: Are You Too Over-Diversified In Your Investments?
August 13, 2021 06:00 - 1 hourInvestments 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 couples w...