BiggerPockets Money Podcast

by podcast@biggerpockets.com

68m

average length

238

episodes

2

followers

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.

Best BiggerPockets Money Podcast episodes upvoted by the community

Last updated on August 07, 2020, 10:58 pm

#2

94: 18 Options for Healthcare in Early Retirement with Lynn Frair

October 14, 2019 • 69m

The absolute MOST FREQUENTLY ASKED question I get about Early Retirement is “What do I do about healthcare?”Without going into too much detail, we’re all aware that healthcare costs are fairly ridiculous in America. Not properly planning for healthcare can be catastrophic - one unexpected event can literally wipe you out.Lynn Frair from FIHealthcare.com joins us today to share the results of her intense research into the options available to early retirees. She has found 18 different healthcare options and shares them with us. She also has created a crowdsourcing database for other options. (If you’ve got a different way to procure healthcare, she’d love to include it in her database!)If you are on the path to financial independence, you NEED this episode.In This Episode We Cover:How Lynn became interested in financial independenceHow she began investing at age 12The process of researching healthcare options18 different options for healthcareHealthcare preventionThe difference between deductibles, co-pays, and premiumsAnd SO much more!Links:Mr. Money MustacheReeditMilitary DollarBloombergHealthCare.govFinConBiggerPockets Money Podcast 80: Managing Money: How a Saver & a Spender Are Living Happily Ever After with Rich & RegularRich & RegularFrom Childhood Poverty to Financial Freedom by Age 32 with Jillian JohnsrudMontana Money AdventuresEconoMe ConferenceProfiles:Nurse NumbersLynn's emailFI Healthcare

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#3

81: The Basics of Investing with Erin Lowry from Broke Millennial

July 15, 2019 • 57m

Erin Lowry last joined us on Episode 24 of the BiggerPockets Money Podcast, where she talked about getting Financially Naked with your partner. She’s back today to talk about investing - and all the things many people don’t really know. Erin shares the basics that so many articles and podcasts gloss over - but that are so important to know in order to be financially successful. She also has a new book out: Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money, where she tackles investment basics. If you’re new to investing, or just having trouble figuring out all the terminology, this episode is right up your alley. In This Episode We Cover: Where Erin started investing The importance of educating yourself On setting financial goals What a time horizon is Her take on insurance What to think about when it comes to investing Her take on retirement The easiest way to start investing for retirement What a target date fund is Two different ways to think about investing What are the difference between Traditional IRA and Roth IRA How to start investing when you still have debts Credit card debt versus student loans How powerful compound interest is Important thing she wants people to take away from this episode about investing And SO much more! Links from the Show BiggerPockets Forums Getting Financially “Naked” with Your Significant Other — With Erin Lowry NerdWallet MagnifyMoney Bankrate Investor.gov Vanguard Fidelity

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#5

#64: Scholarships and Other Ways to Pay for College with Zach Gautier

March 18, 2019 • 94m

Zach Gautier oversees academic and college counseling at a Denver-area high school. He reached out to us, and proposed a show to share creative ways to fund college tuition—and blew us away with the depth of his knowledge! This episode is for anyone who has children who have not yet graduated from college. And if you know someone else who can benefit from this information, please share it with them, too! This show includes tips that apply to kids of every age, from elementary school to middle school to high school students. We cover multiple ways to reduce higher education costs, such as transfer credits, AP courses, and CLEP tests, along with early college programs and dual credit options.   We also discuss work-based scholarships and military options, as well as preparation for high school that starts in grade school. Zach shares his advice on taking the ACTs or SATs and also ways to decide which one to take (and whether to retake if you get a low score). This episode can help shave tens of thousands of dollars off your child’s college expenses! In This Episode We Cover: How Zach paid for college The CLEP test Systematic approach to transform college options The best financial choices that somebody can make Interventions that are very effective for your child to learn and figure out their love for school On helicopter parenting Things parents need to do when their children are pre-high school and high school age to save for college 529 plans as the biggest avenue that needs to be considered Brandon Turner's approach for his child college education 3 ways to fund college Dual credit program How much does SAT and ACT prep cost How to apply scholarships Two college batches when it comes their application review process His perspective on brand name college Things that people should be looking for in a school Ways to save money on college application process Other avenues to approach prior to entering college to get excess funding What is a loan and a grant And SO much more! Links from the Show Paychecks & Balances Khan Academy BiggerPockets Money Podcast 56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances Fastweb Cappex Scholarships.com BigFuture - The College Board Scholly BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby BiggerPockets Forums

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#7

117: Coronavirus Q&A with Scott & Mindy

March 23, 2020 • 77m

Today, Scott and Mindy discuss the biggest news story of the century: Coronavirus or COVID-19.This episode covers a wide range of topics both money and real estate -- with a guest spot from Brandon Turner, who answers the number one question on every real estate investor’s mind: What do I do if my tenant(s) can’t pay rent?You'll also learn what resources are available for people whose incomes have taken a hit, and get answers to questions such as: should I continue with the purchase of a property I have under contract, and should I continue to pay down debt or take advantage of this current market?These are scary times, and it can be easy to cut and run or throw out your carefully-laid plans in favor of an instinctive reaction. So now is a good time to detach, assess your options, and chart a course forward.If you have Coronavirus fears, you’re not alone. Scott, Mindy, and the entire BiggerPockets Money Community are here to help you weather this storm.In This Episode We Cover:How to invest from a position of strengthHow to tackle debt during this timeHow to do a "financial reset"What the 4 Percent Rule is in Financial IndependenceBrandon's tip when tenants don't pay rentWhat practical things can landlord do in these timesHow to take advantage of the current situationList of resources for those who are out of workBiggerPockets reminders that you should considerAnd SO much more!Links from the ShowBiggerPockets Money Podcast 116BiggerPockets Money Facebook GroupBiggerPockets Investments CalculatorBiggerPockets Podcast 374BiggerPockets Podcast 364BiggerPockets Real Estate PodcastBiggerPockets Money Podcast 70BiggerPockets Money Podcast 55BiggerPockets Money Podcast 55.5BiggerPockets Money Podcast 114BiggerPockets Money Podcast 85Mr. Money MustacheHow The 4% Rule Holds Up A Quarter-Century Later - ForbesReal Estate RookieCOVID-19 Financial Resources: Relief To Those Impacted - iHeartBudgets197 Emergency Financial Assistance Resources (National & by Major City) - Frugal Confessions50 immediate hire work from home jobs near me (2020) - Mrs Daaku StudioBiggerPockets ForumsThe BiggerPockets Book Store

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#9

131: Investing made simple with Kevin Matthews II

June 29, 2020 • 67m

Kevin Matthews II started paying attention to finance way back in 6th grade - because his parents said they wouldn’t buy him any more video games, he’d have to buy them himself.Kevin’s parents telling him no propelled him into a lifelong planner - saving up for purchases rather than buying and figuring out how to pay it off later. And he parlayed his planning skills into a career as a financial advisor, eventually being named one of Investopedia’s Top 100 Advisors in 2017.Kevin is passionate about teaching people - specifically millennials - how to manage their money. In fact, he’s SO passionate about teaching people how to alter their financial lives, he almost missed the birth of his first child in order to make a video about how $2,000 can turn your kids into millionaires! (Spoiler: He made it back to the room in time.)Kevin wants you to know how to invest, how to manage your money so that you can further yourself down the path to Financial Independence. Kevin has an excellent video called Three ways to get started investing that discusses three ways we’ve never heard of!Kevin credits consistency in investing with his client’s financial successes. He also believes that patience is the number one thing investors need - a point that’s been hit home so clearly in the past few months - and that a lack of patience is the biggest mistake investors are making today.Kevin also shares tips for teaching your children about investing to get them used to seeing ups and downs, so they don’t lose their patience when they start investing with real dollars.In This Episode We Cover:Kevin's financial journeyHow he's saving his lunch moneyBecoming a financial plannerIndividual stocks vs. index fundsWhen he discovered and committed to financial freedomMistakes that he sees new investors makeWhat his end-goal looks likeHow $2,000 can make your kids millionaires3 ways to get started investingAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets Money Podcast 129 with Tiffany AlicheBiggerPockets Money Podcast 110 with A Purple LifeBiggerPockets Money Podcast 97 with Financial MechanicBiggerPockets Money Podcast 119BiggerPockets Money Podcast 41 with Kyle MastBiggerPockets Money Podcast 84 with Kyle MastBiggerPockets Money Podcast 118 with Kyle MastBiggerPockets Money Podcast 24 with Erin LowryBiggerPockets Money Podcast 81 with Erin LowryHow $2,000 can turn your kids into millionairesThree ways to get started investing

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#10

69: From Near Death To Debt Free With Liz from Chief Mom Officer

April 22, 2019 • 65m

Liz has always been a frugal gal and self-proclaimed personal finance nerd. Discovering The Wealthy Barber as a teen cemented her course down the financial independence path, even if there wasn’t a formal name for it at that time. And it’s a good thing for her family that she was so frugal - a botched surgery for her husband turned a routine procedure into a nightmare that involved a coma, a month in the hospital and years of recovery. Without her financial savvy, her family could have been financially ruined! Now, 7 years later, she has paid off her house and replenished her emergency fund using a Tiered Emergency fund that allows her maximum liquidity while also maximizing her earnings on those funds. Her unique plan combines online savings with CD ladders, savings bonds and money market funds. Liz explains just how important it is to her family to have the peace of mind a paid-off mortgage can provide, and how planning for unforeseen events is truly the best course of action.   In This Episode We Cover: Liz’s background story On being smart with money throughout her 20s and 30s What happened after her husband's surgery On her work and immediate debt consequences while working towards financial independence On having the mindset of saving for retirement, for college, and for an emergency fund Having various accounts: Flexible Spending Account, High-Deductible Health Plan, Health Savings Account, & Health Reimbursement Account Learning financial independence through the book "The Tightwad Gazette" How she cuts off their expenses and the free entertainment they did Paying off their house for financial security The importance of not depending on stocks Tiered emergency plan On the concept called college compact Her philosophy on paying his son's college Financial independence retirement elective And SO much more! Links from the Show Mad Fientist HSA - The Ultimate Retirement Account BiggerPockets Money Podcast 64: Scholarships and Other Ways to Pay for College with Zach Gautier Harvard Business Review - Case Study BiggerPockets Podcast

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#12

111: Starting Late? Early Retirement Is STILL Possible with A Purple Mom

February 10, 2020 • 63m

On episode 110, we interviewed A Purple Life. As she was sharing her story of financial independence, she casually mentioned that her mother didn’t start investing until later in life, and STILL managed to retire at age 55!So this week, we’re talking to her mother - who has her own amazing story of early retirement which she was able to accomplish even though she didn’t START investing until she was 40!Momma Purple shares her pragmatic approach to money in general - buying what you need, trying to make repairs instead of buying something new, sticking to a budget and banking bonuses instead of spending them.Momma Purple is also a big advocate for having multiple, passive income streams like rental properties and a pension.Hear her story of weathering TWO market crashes during her investing journey, taking immediate action when she discovered her money was in the wrong investment, and how fabulous her life is now, after retirement.In This Episode We Cover:Momma Purple's journey with moneyHer life looks like when Purple was bornHow she managed her money and able to save up so much as a single momThings that changes her practice with money after the conversation she had with her colleagueHer 10-year plan to early retirementTalking about her investing journeyWhat she do the moment she was retiredHer advice for older listenersAnd SO much more!Links from the ShowPersonal CapitalMindy's emailScott's emailBiggerPockets Money Facebook GroupBiggerPockets Money Survey

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#14

BiggerPockets Money Podcast 82: Early Money Lessons Create Healthy Money Experiences with Aditi Shekar

July 21, 2019 • 59m

Aditi Shekar learned entrepreneurship at a very early age - when she asked her father for a toy and he said no, make your own money. She’s been creating businesses ever since.Her father’s advice wasn’t the only great money management tips she received early on. In college, a finance professor did two entire classes on personal finance, sharing the benefits of starting early to save for retirement.Her financial independence journey was kickstarted when her apartment burned down - and she had no renters insurance. “I don’t want more stuff. I just want to figure out the life I want to lead.”Aditi and her husband took a roadtrip to discover where they wanted to live, and ended up in two separate cities, visiting on the weekends. Time apart made them realize they wanted to be together, so she moved to him, and started the life she truly wanted.In This Episode We Cover:Aditi's journey with moneyOn learning about entrepreneurship and business ethics at age 5Her philosophy on spending moneyHow she developed discipline when she got her first jobSaving early for retirementBig question to ask yourself when you're opening a retirement accountHow she started investingThe importance of creating a rule of thumbStarted teaching a class on personal financeThe realisation she had after their apartment burned downThe importance of emergency fundsHow her outlook changed in terms of life and finances after the fire incident happenedHer goal in her financial journeyAnd SO much more!

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#15

115: Growing an Empire From Nothing with Felipe Mejia

March 09, 2020 • 68m

Felipe Mejia’s relationship with money started at an early age - when his parents divorced and his world turned upside down. His mother introduced him to the power of real estate by fixing up the basement and renting it out to generate income.His mother further influenced his money story by creating her own cleaning company and introducing Felipe to a client who hired Felipe to clean up his job sites. Felipe put his own spin on that by hiring the work out for a slightly lower rate than he was getting.Real estate became Felipe’s main source of income, generating enough that he does not have to work a traditional job any longer.Felipe Mejia, along with Ashley Kehr from Episode 114 are the hosts of BiggerPockets newest Podcast, Real Estate Rookie.Together, they share stories of real estate successes - as well as encouragement to get started investing in real estate.The Real Estate Rookie show is for anyone interested in investing in real estate - and needs a little encouragement.The Real Estate Rookie Podcast airs on Wednesdays wherever you get your podcasts.In This Episode We Cover:Felipe's money storyHow important money is for FelipeWhat he did to his first rental propertyThe importance of putting money into an investmentHow he earned money during his quest to join the police departmentOn getting attracted to the power of earning passive income through real estateOn house hackingChallenges he encountered in terms of his rental propertiesHis advice on getting one’s spouse onboardHow he approaches cash reservesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastAirbnbReal Estate Rookie Podcast

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#17

129: How to Teach Your Children About Money with The Budgetnista Tiffany Aliche

June 15, 2020 • 63m

Today, we welcome back the Budgetnista, Tiffany Aliche. When we spoke to her way back in episode 8, we heard her story of an investment gone wrong and how 2008 really threw a monkey wrench into her life plans. But instead of allowing that to deter her, Tiffany committed to teaching people how to budget.Since we last spoke, she has expanded her original, uber-successful Live Richer Challenge (www.livericherchallenge.com) into a savings edition, a credit edition, a net worth edition, and a homebuying edition—all free and all designed to teach you the things you never learned about money and finance.Tiffany is SO PASSIONATE about personal finance that she worked tirelessly for more than two years to get a bill passed in New Jersey, mandating financial literacy education for middle schoolers. (Want to duplicate her success in your state? Here’s a video that details how she did it: How to Get a Law Passed with Assemblywoman Angela V. McKnight.But she’s not done! Tiffany has combined her love of budgeting with her love of teaching children in her new book Happy Birthday Mali More, and on today’s episode, she shares her top tips for teaching your children the fundamentals of managing money properly.If you have children, this episode can help you figure out the age-appropriate lessons you should be teaching them to help them grow into financially responsible adults.In This Episode We Cover:The Budgetnista LawThe reason why parents have a hard time teaching their kids about moneyThe concepts that parents should teach at various agesHow early should parents start teaching their kids about money?Communicating the concept of financial freedomHow Tiffany got her husband on board with financial freedomAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupLive Richer ChallengeBiggerPockets Money Podcast 08 with Tiffany Aliche

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#18

#55.5: Testing Your Portfolio BEFORE Retirement with Millennial Revolution

January 15, 2019 • 38m

A little over halfway into BiggerPockets Money Podcast episode 55, Bryce dropped a bombshell: “We had three years of runway before we actually pulled the trigger.” What he meant is that they tested their portfolio for three years before quitting their jobs. Bryce saw firsthand how it would work—and more importantly that it could work—and it gave him and Kristy the peace of mind they needed to retire early and travel the world. We moved onto the next topic rather quickly, but this is something we couldn’t leave alone. So we brought Kristy and Bryce back to dive into this topic, one that can help our listeners who may be on the fence about early retirement see that this truly works. Bryce goes deep into details of their investments—and how he reviewed and reallocated every year for optimal performance. If you’re looking for additional reassurance that early retirement is possible, this episode is what you’ve been looking for. In This Episode We Cover: What their portfolio looks like in a year leading up to them quitting their jobs How tracking their performance helped them leave the workforce And SO much more! Links from the Show BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution FIRECalc The MathShitUp-Inator - Millennial Revolution Penguin Random House The Yield Shield: Putting It All Together - Millennial Revolution How Not To Deplete Your Portfolio In Retirement - Millennial Revolution Mr. Money Mustache Early Retirement & Financial Independence Community

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#19

#67: How Living An Intentional Life Led to Financial Freedom With Steven Donovan

April 08, 2019 • 74m

Steven Donovan graduated from high school and went to college—because that’s what you do. He graduated from college but got cold feet when it came time to get a “real job.” So, he bounced around random jobs with no plan and no focus. Despite his degree in finance and about $60,000 in student loan and credit card debt, he returned to the golf course that he’d been working at throughout high school and college. He also regularly played poker at a local casino, all while deferring and avoiding making any payments on his debt. Eventually he got his first "big boy job" at a bank; however, he still wasn't making much headway on his debt. In fact, he just kept adding to it. He ended up buying a Mercedes, quitting his job, and moving to Florida to be near his long-distance girlfriend. But Florida didn’t work out, so he moved back home. He went back to the golf course until he found another job at a bank, moved into the city, and sold the Mercedes—at a loss, of course. Once he got married, he began to tackle his debt. Slowly at first, bringing lunch one day a week, then two, and eliminating takeout coffee. He started "frugaling" his way out of debt, adopting a rock bottom budget in order to finally rid himself of the burden. Steven paid off his debt in five years, in fact, while house hacking a Chicago triplex and renting his wife’s house in Florida. They’re now debt-free, and they achieved it in a completely repeatable way, which is what makes this episode so great! In This Episode We Cover: Steven's money journey How he managed his personal money and student loan What his college lifestyle was like The evolution of his financial position between graduation and employment His experience purchasing things from Nike outlets and selling them on eBay The moment he figured out his goals How he purchased his Mercedes Benz and what happened after he purchased it His financial and job situation going into marriage The reason he and his wife have separate bank accounts and paid their own debts separately The importance of having a frugal mindset and a plan for everything How he got into house hacking Exactly how he paid off his debts How he started investing and building assets Biggest reasons people worked with him How important an unbiased third party is And SO much more! Links from the Show eBay BiggerPockets BiggerPockets Money Mr. Money Mustache Early Retirement Extreme Mad Fientist Waffles On Wednesday Make Your Own Free Mobile Expense Tracking App in 30 Minutes - Waffles On Wednesday

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#20

#47: Big Money Wins—Unique Ways to Save & Use Cash Efficiently with Jim Wang

November 19, 2018 • 80m

Jim Wang has been sharing his views on money for more than 14 years—more than enough to earn him the title of Great Uncle of Personal Finance Blogging. And he’s learned a LOT about money in those 14 years. Today, Jim shares his "big money wins"—unique, one-time ways to save larger sums of money or ways to get more bang for those bucks. He even has a tip we’ve never heard before! (We’re  not going to reveal it here, you’ll have to listen!) Jim also shares how his childhood shaped his views about money, his discovery that his day job wasn’t his true destiny, and how his frugality gave him enough confidence to take the leap into entrepreneurship. Looking for a some help cutting a bit more from your budget? This is the episode you need to listen to—twice! In This Episode We Cover: Jim's money journey On growing up with a very frugal family His side hustle when he was in college His financial position coming out of college How he started his first personal finance blog How he discovered financial independence The financial circumstances that allowed him to move into full-time entrepreneurship Thoughts on accumulating a lot of assets when the market goes down His entrepreneurship journey with Bargaineering Tips for getting his finances in order he learned from blogging Advice on budgeting and tracking your spending Tools he recommends that can track spending What a time journal is and how to use it The importance of being smart with your time How fix contracts are negotiable Why making an investment early on creates an easier life Resources to improve your credit score And SO much more! Links from the Show BiggerPockets Money Podcast 11: Financial Freedom in Less Than Five Years with Joel from FI 180 Mint Personal Capital EveryDollar Rescue Time My Hours Amazon Annual Credit Report Experian TransUnion Equifax Credit Karma The Upgrade and Save Strategy Make Your Own Free Mobile Expense Tracking App in 30 Minutes (blog)

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