BiggerPockets Money Podcast

Being in the military opens you up to an array of benefits for a financially abundant life. You have access to VA loans, a tax-free housing allowance, and a pension (if you stick around long enough). That’s why it’s of the utmost importance to start saving and investing while you’re young and in the military. But, that wasn’t exactly what David Pere (From Military to Millionaire) did when he was first enlisted. David grew up with frugal parents, who never splurged on much. So when he joined the Marine Corps in 2008, he was ready to catch up on the spending he never was able to do. As he describes it, he spent his first salary on “a truck, tattoos, and drinking”. Not the best way to set yourself up for financial freedom! It wasn’t until a few years later when a friend gave him a copy of Rich Dad Poor Dad that David discovered he could be doing A LOT more with his money. He bought a duplex with an FHA loan for $81,000 and house hacked it so his tenants were paying a majority of the mortgage. When he was shipped off for duty, he ended up leasing out the other side of the duplex and cash flowing an extra $300 per month. He then went on to buy a 10-unit with just 5% down and also got in on a small syndication in South Carolina. Everything was looking good, until David decided to partner up on a 40 unit, mixed-use building with a sizable amount of leverage. Some things happened and the deal turned sour, now David is in a legal battle to get his money out of the deal. Even with this massive deal not going through, David pushes the importance of scaling, but not too fast. Scaling to an amount where you aren’t overleveraged but at the same time pushing yourself to accomplish more is the sweet spot! In This Episode We Cover The financial benefits that service members have Why you should max out your non-taxable retirement accounts whenever possible Using FHA loans to buy multifamily properties with very little down payment The “mentality shift” that comes with buying a large property How to evaluate whether or not a deal is worth the effort Choosing cash flow over unit numbers to hit financial independence And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding BiggerPockets Money Podcast 156 with Rich Carey FinCon Check the full show notes here: https://www.biggerpockets.com/moneyshow179 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last time we talked to Sarah, AKA Budget Girl, she was on Episode 6 of the Money Show. If you haven’t listened to that episode, here’s a quick recap. Sarah was $33,000 in debt from student loans, but she was able to pay it off while making less than $30,000 year! For most people, this would have taken decades to pay off, but Sarah was able to crush her debt in only a few years! Now it’s time to check in on Sarah, and see what she’s been doing since clearing herself from debt. Currently, Sarah has a net worth of over $100,000, she took some advice from the BiggerPockets community and bought a duplex to house hack! She purchased the duplex within the “path of progress” around Texas A&M University. She’s seen some solid appreciation over the past 10 months and cash flows a small amount off the property. She’s not only living for free, she’s getting paid to live in her own property! Sarah has also hoarded a serious sum of cash and investments sitting on the side. She has retirement accounts, brokerage accounts, and a large surplus of cash that is slowly building so she can buy her next property. Sarah is able to do this by keeping her expenses very low, while making money from her full-time job and her side hustle as Budget Girl. She proved that even with a low income, you can get out of debt and hit financial milestones! In This Episode We Cover Getting out of debt fast, even with low income Creating multiple streams of income so you can save and invest heavily Buying properties within the “path of progress” House hacking to live for free (or getting paid to live) TSPs, Roth IRAs, and other retirement accounts Keeping your spending conservative so you can go all in on investments And So Much More! Check the full show notes here: https://www.biggerpockets.com/moneyshow178 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s hard being a first time home buyer, especially if you don’t have any experience with real estate, property values, or market appreciation. You may be wondering how you’ll be able to buy a home that will help increase your net worth, or at least, not shrink it. Scott and Mindy are on today to tell you how to make the best first time home buying decision possible. We’ll go through the most common myths that first time home buyers tend to get caught up in. Myths such as: Buy as much home as you can Buy your “forever home” as your first time purchase Your home is an investment And more.. If you’re interested in gaining some appreciation with your first home purchase, Scott and Mindy also walk through the most common exit strategies and how you can prepare to use them. You’ll also hear some great advice on how to find a good deal in your area. And no, a good deal doesn’t just mean a deal that is lower than market average! Want to know more about how to successfully buy your first home? Scott and Mindy’s new book First Time Home Buyer can be ordered now! In This Episode We Cover What most home buyers get wrong when buying their first house The most common myths that first time home buyers believe How to find a good deal, regardless of the area you live in Knowing EXACTLY what kind of house you want to buy Buying a house that works for you and your partner (if living together) Preparing calmly to act aggressively so you can get a perfect home under contract And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Most listeners of the show will know that a cash cushion is always great to have and should be mandatory for almost everyone. Having a cash reserve of 6-12 months can help you cover unexpected expenses or life events like a sudden medical bill or losing your job. That being said, sometimes you can have a cash cushion that’s too big for your lifestyle. Today we talk to Steve, who has been paying off his mortgage quickly with the help of his wife. They both have respectable salaries, retirement accounts, and a large cash cushion. Steve wants to know whether or not he should move some of his cash out of his reserve and into retirement accounts or real estate. Since Steve has such a large cash cushion to rely on, he could take out a fraction of it to use as a down payment on a rental property and still have tens of thousands left over! Scott and Mindy walk Steve through the different options he has, such as paying off his primary mortgage then buying real estate, pausing his mortgage prepayments and going all in on real estate, and other strategies. Steve is in such a secure position that it makes it hard to criticize his current standing. That being said, he could be using leverage to springboard his investment property portfolio and be on the path to financial freedom sooner! In This Episode We Cover How much of a cash cushion you should have available Eliminating big loans like mortgages and student debt Buying rental properties before you pay off your primary home Leveraging debt in order to grow your wealth quicker Getting a real estate agent to start browsing the market for rentals And So Much More! Check the full show notes here: https://www.biggerpockets.com/moneyshow176 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last time we talked to Purple from A Purple Life, she told us about her plan to retire at the end of 2020. If you haven’t listened to that interview, you can listen to it here to get the full scoop on Purple’s journey from a $5,000 net worth to hundreds of thousands within only a few years. Like many financially savvy early retirees, Purple put a lot of time into planning, saving, and investing her capital in order to retire in her early 30s. Well, she did it! As of October 2020, Purple is financially independent and retired! So, how’s it going so far with financial independence in Purple’s world? Purple talks about her hobbies, interests, and most importantly, how the final month of her employment went with her former employer. She also gives some great insight on taking advantage of her employer’s health insurance for the last month of work, making sure that she was able to keep her quarterly bonus, and how she ended up breaking the news to her boss. It’s all worked well for Purple, but she did have some big plans to cancel. Purple had lined up 4 months worth of travel that all had to be canceled when COVID-19 hit and shutdowns began. She would have been snorkeling in Australia and scootering in Thailand right now! Thankfully, Purple has been able to adapt and take advantage of this off time to assess her financial situation and what she wants out of early retirement. In This Episode We Cover The importance of planning for early retirement even if you love your job Having a lean FI number and low monthly expense so you can live comfortably in retirement How long a cash cushion should last you when you decide to retire Taxable vs. Non-taxable retirement accounts (and which to leverage) Ending your employment in a respectful and polite way Being flexible with your retirement plans And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investors are known to have their hands in 20 different pots, this is doubly true for Marine and real estate investor Fabio. Fabio is a Captain in the Marine Corps and has been in service for the past 21 years. He has at least five years left before he wants to retire, but is poised to hit his “freedom number” (or what others call their financial independence number) soon. Fabio has rental properties throughout the country: a duplex in San Diego, a house in Arizona, a BRRRR currently in the rehab stage in St. Louis, and his residence in Illinois. The problem? Some of these properties aren’t cash flowing as much as Fabio would like. He also has a high interest hard money loan on the BRRRR property he is rehabbing, plus a loan taken out against his retirement account. This presents a handful of different options: should he sell some of the houses that aren’t cash flowing in order to pay back some of the high interest loans or wait to refinance? Which debt should be taken care of first? How can he leverage his current assets to help him build a bigger real estate portfolio. If you’re a long-term real estate investor, you’ve probably been in a dilemma like this before. Stick around for all the lucrative options Fabio can use! In This Episode We Cover Keeping monthly expenses low (especially if you’re about to retire) Taking advantage of the equity you have in different properties Coming up with a “Freedom Number” then shooting for that goal What to do with houses that aren’t cash-flowing Taking out loans from a 401(k) or TSP account Which loans to pay off first (depending on time and interest rate) And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to episode 173.5! Yesterday you heard from Brent, a former registered nurse who paid off over $100,000 in debt and started a mobile pizza truck! Brent’s original interview was recorded back in January or 2020 and was scheduled to be released right around the time that the pandemic hit and shutdowns began. Since it was released yesterday we thought it’d be a great idea to have him back to talk about all his progress since then! Since we last spoke to Brent, he’s added a whole other food truck to his business and has hired on more staff. Now he’s cooking up (and selling out) pizzas wherever he goes. He even has a new social media handle, he’s TheFoodTruckCEO! Brent talks through the challenges he’s faced this year, the wins he wasn’t expecting, and advice he’s given to young entrepreneurs just starting their business. As you heard in the last episode, Brent paid for his first pizza truck with savings he had, allowing him to finance the business debt-free. A year later, Brent still agrees this was a good idea, as has less stress and far more creative freedom being able to make decisions without having to worry about paying off a large amount of debt. What are the profit margins of pizza and food trucks? Brent shares his margins, his pricing, and success stories, showing that regardless of how profitable your product is, you’re always going to have to put in the work to get it to where customers are willing to buy. Brent manages a very tight ship and is still learning the best ways to hire, manage, and make delicious pizza (without burning it)! In This Episode We Cover How Farm Fired Pizzas has grown since we last talked to brent Why starting your business can be much harder, but much more fulfilling than a regular job Why staffing is such a big hurdle when scaling and expanding a business Using debt vs. using cash to start your business venture Becoming competent in a trade before you start a business focusing on it Being flexible with your business venture and embracing failures Raising prices in a way that works for your bottom line and your customers And So Much More! Check the full show notes here: https://www.biggerpockets.com/moneyshow173-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

What does the average person do in their 20s? For most people, it means going into student debt, getting a car loan, getting a mortgage, and treating yourself. These are the “average financial decisions” that put many Americans into debt and stuck at jobs they only dream of leaving. That’s how Brent aka TheFoodTruckCEO felt when he and his wife realized they had over $100,000 in consumer debt. Brent and his wife didn’t make any crazy decisions, he merely did what society said is the right thing to do. He and his wife had student loans to cover nursing school, both had car loans, and racked up around $13,000 in credit card debt alone. This doesn’t even include a tractor Brent decided to buy for a future business purpose! Both Brent and his wife were bringing in solid money every month from their nursing jobs, but as soon as the money came in, it somehow flooded right back out. This annoyed Brent, he felt like he wasn’t in control of his money and his life. He went to work on debt, adding up everything they had spent over the past few months and realized he and his wife were eating out far more than needed, wasting groceries they were paying good money for, and jeopardizing their future with random purchases. They cut up the credit cards, started snowballing their debt, reduced their eating out, and stopped shopping at the big box stores. They attacked their debt! Within 5 years, they paid off $109,000 in debt, and started to save up for investments every month. As time went on and Brent got promoted to a more corporate role, he realized that he put himself in a terrific financial position to leave and start his own business. He had accumulated $100,000 in cash, started investing in his business, and now runs a mobile pizza truck, serving delicious woodfired pizza and doing what he loves. In This Episode We Cover Why “average financial decisions” can often trap young people in debt Going over finances with your partner before (and after) getting married How to expense track to see exactly where your money is going Using the “debt snowball” method to get out of debt quickly Creating the “financial runway” you need to invest in your business and future How to have a job exit plan so you can leave on your terms And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeff, like many listeners, feels as if there is enough money coming in every month, but somehow it’s slipping out, not allowing him and his wife to hit financial independence. A big reason this could be happening is simple: not enough income and expense tracking. This is why Mindy and Scott are always so adamant about having a budget (and sticking to it). Jeff owns his home, and it has appreciated a favorable amount since he bought it; he also owns a duplex in his home state of California, and a rental property in Memphis. But that’s not all, Jeff owns another type of property...one he isn’t too proud of. A timeshare! Jeff wants to get rid of his timeshare so he can put more money into growing wealth. He also has HELOCs taken out against homes which are burning holes in his pockets on top of the bills he and his partner already have to pay. While Jeff is happy with his line of work, his wife wants to be able to leave her job. With so many factors at play, it can seem difficult to reach financial independence and grow wealth, while also being happy at work, but with some financial intuition, it’s possible! In This Episode We Cover Why you shouldn’t go to a timeshare meeting (ever!) How having a high income doesn’t mean you’re moving closer to FI Weighing the pros and cons of in-state and out-of-state investing How much to keep in cash reserves for your personal accounts and business accounts The importance of zeroing in on your goals so you can shoot for success How to stop income from leaking out (amazon shopping, eating out, etc.) How to have a successful money date with your partner And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Mint Check the full show notes here: https://www.biggerpockets.com/moneyshow172 Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people would consider $80,000 a year a respectable salary, but what if you were making that much during college? That’s what today’s guest, Brandon Richard Austin, made in his sophomore year. As a journalism major, he started doing freelance writing work, and a client of his ended up offering him a remote position on the team. So there Brandon was, making $80,000 a year, working 12 hour days, all while juggling school at the same time. Thankfully, Brandon wasn’t a big spender. He didn’t go out and buy a new car, a new watch, or even move out of his parents’ house. Brandon was able to start investing in index funds and early cryptocurrencies, netting him some pretty stable returns (at least from the index funds). After completing college and still having a very low cost of living, Brandon asked himself if the job was worth all the stress. He decided it wasn’t and voluntarily chose to take a pay cut to work somewhere else where he was happier and had more control of his work. Brandon still lives at home and advocates doing the same for people his age. Not having a housing cost (or having very low housing costs) is one of the best ways to put yourself on the path to financial freedom. This low cost of living situation has allowed Brandon to be on the path to financial independence while still valuing his happiness. In This Episode We Cover Why many people who grew up frugal feel guilt when spending money The importance of tracking your little purchases so they don’t add up Whether or not taking a pay cut is worth less stress/more freedom Why index funds are such a great asset to hold for the long term Setting your financial freedom goal and seeing it as a marathon, not a race Minimizing your housing costs as much as possible (especially when you’re young) Developing an investment philosophy that speaks to you And So Much More! Check the full show notes here: https://www.biggerpockets.com/moneyshow171 Learn more about your ad choices. Visit megaphone.fm/adchoices

Erik and his wife have three big debts to tackle: their mortgage on their primary residence, their mortgage on their rental property, and a HELOC (home equity line of credit) taken out as the down payment for their rental property. So, which debt should they tackle first? As two school teachers in New Jersey, Erik and his Wife made smart moves earlier this year by closing on a rental property, in order to have another stream of income coming in. They already have well paying jobs, pension plans, IRA accounts, and other ways of setting themselves up for the future, but how can they streamline their debt payoffs and maximize their cash? First, Mindy and Scott walk through budgeting, and put an emphasis on why you should separate out your business expenses and personal expenses, and make sure they don’t intertwine. Then they go on to tailor a plan of action for Erik and his wife, giving some great examples of leveraging low-interest debt in order to pay off higher interest debt and fill emergency funds. Whether it’s personal or business debt you’d like to tackle, this is a great episode going through the pros and cons of paying off debt quicker! In This Episode We Cover Why rental property owners should always have a strong safety reserve of cash When prepaying loans may be a good or bad idea How to not over-categorize your budgets and expense tracking Pros and cons of using a HELOC to finance a down payment 30 year mortgages vs. 15 year mortgages (rental and primary residences!) Why you should separate your business expense tracking from personal expense tracking Why a 457(b) plan is great for those who have it available And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s not always comfortable talking about money, especially with close friends, family members, partners, or even bosses. How did salary, savings, and investing become such a taboo subject to talk about? With us today is Erin Lowry aka Broke Millennial, you may recognize her voice from episode 24 and 81 of the BiggerPockets Money Podcast. Erin paints a picture that many of us can relate to: you’re at a birthday dinner and you order a small side and a water while the rest of your party orders $60 sushi rolls and $70 steaks. At the end of the night, what always happens? The bill gets split evenly. Now you’re stuck with a $60 total (and tip) when you only ate $10 worth of food. So what do you do, throw a temper tantrum and leave? Of course not! It can be hard to match spending habits of friends and family if they make more than you (or are just more casual with their spending). Having frank conversation with these important people in your lives can not only help foster a healthy relationship, it can also put you in a position where you don’t feel resentment in the future. Don’t know how to have these conversations? No worries! Erin has a template for you! You’re not just talking about money with your friends and family, you’re also talking about it with your coworkers and bosses. How often should you ask for a raise, when is a raise earned, how do you ensure that you’re rewarded for your hard work? These can all be very tricky questions to answer. Through some research, metric tracking, and proper planning, Erin shows exactly when to go to your boss to ask for a raise, how much is reasonable, and how to assess your value within the company. In This Episode We Cover Why talking about money with those close to you doesn’t need to feel uncomfortable Why “money talks” are often viewed as taboo in today’s society How to talk about money with your friends, family, and partner Setting boundaries early for healthier relationships Starting a “friend fund” and offering less costly alternatives When the best time to ask for a raise is Comparing your salary or compensation vs. industry averages Showcasing your value to your employer or client And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

A big piece of advice given by many wealthy people and real estate professionals is to simply “get started when you’re young”. This is exactly what our guest has done today. Clayton, a renewable energy worker, travels around the midwest for work, living out of an RV with his partner. His company grants him a company car, a company phone, a food stipend, a handsome 401(k) match, and a comfortable salary. Clayton has taken advantage of these big perks by maxing out his Roth, buying a rental property, and using his primary home as a house hack. He’s checking all the boxes at just 26 years old, with a TON of potential to do more. Clayton is close to having the big 3 things in life paid off: housing, transportation, and food. With extra income coming in every month, what can Clayton do to put himself in an even stronger position than before? First, he’ll need to start budget and expense tracking. This is something many guests find challenging at first, but can really help alleviate any fears of where money is going. Next, he can start adding a bigger chunk of money to his rental property reserves, that way the mortgage is always being paid (even if someone misses rent). Last, he can start looking for another house hack and another rental property. Tune in to hear Scott’s ingenious way of looking for properties even if you’re on big sites like Zillow, Trulia, or even the MLS! In This Episode We Cover Why everyone should house hack when possible to do so Frontloading your Roth and making sure you max it out every year Bill tracking vs. expense tracking (and how one works better than the other) How to use automatic budgeting apps to fine tune your spending How to define your specific criteria when looking for rentals Why landlords need a 6 month reserve for their rental properties And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Check the full show notes here: https://www.biggerpockets.com/moneyshow168 Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people are told the same thing growing up, “go to college and take out a loan, get a car and take out a loan, live in a nice apartment even if it’s expensive”. This is exactly what Josh and Ali, AKA “The FI Couple”, did in their 20s. They racked up over $100,000 in student loans, had two car payments, and lived in an apartment outside of their means. Josh grew up without much money, causing him to not have much of a financial foundation when he reached adulthood. Ali grew up middle class, but didn’t have any financially savvy role models to look up to. As they started dating and later got married, they realized that they had to take care of debt soon, or they’d be swallowed whole by it. Josh stumbled upon a book that changed his financial view forever. A book one of our hosts is VERY familiar with. It was Set for Life, by our very own Scott Trench! After Josh read through it, he knew he had to share the information with Ali, but it took him time to find out her specific “financial language” and the best way for him to get her excited about financial independence. After they were both on board for FI, house hacking was their next stop. As you’ll hear in the interview, they acquired four units in a short amount of time, paid off a big chunk of their student loans, and now have passive income rolling in, every month. Talk about a rags to riches story! In This Episode We Cover How debt can anchor you to a life that you don’t want Why getting fired or losing a job opportunity could be a great catalyst for change The importance of keeping your expenses as low as possible Finding a house hack that works for you (and your partner) so you both love where you live Using FHA loans to secure house hack properties with a very minimal down payment Making debt a “common enemy” when you and your spouse are working to reach FI And SO Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding BiggerPockets Real Estate Podcast ChooseFI Podcast BiggerPockets Bookstore BiggerPockets Investments Calculator BiggerPockets Money Podcast 34 with Andy Hill BiggerPockets Money Podcast 157 with Scott & Mindy Mr. Money Mustache Mad Fientist Check the full show notes here: https://www.biggerpockets.com/moneyshow167 Learn more about your ad choices. Visit megaphone.fm/adchoices

Having too much money in investment accounts seems like a good problem to have, but it’s a problem nonetheless. Today we talk to firefighter Nathan and teacher Kristen about their income, expenditures, and investments. Nathan and Kristen own their home and multiple rental properties as well. Collectively they bring in a respectable income, but are being stretched thin due to time restraints. From 24 hour shifts as a firefighter, making cornhole game pieces as a side hustle, and taking overtime, Nathan is working a lot, while Kristen has her hands busy as a remote teacher and taking care of their kids at home. Between the two of them, they’re contributing a generous amount to their investment accounts, but still want a solid emergency fund (or as Scott likes to say a “financial runway”) to help them sleep better at night. Aside from that, they are donating heavily to charity and fostering one child while in the process of adopting another. Although this philanthropic couple has all the right things going for them, they still need some downtime to enjoy the fruits of their labor. In This Episode We Cover How much money to keep in your emergency fund How to assess whether or not you’re over-contributing to retirement accounts Paying off rental properties for added peace of mind Developing side hustles to bring in even more income Why everyone needs a “financial runway” so their investments can take off Paying down a 457 plan loan Putting yourself in a favorable “liquidity position” And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding HSA – The Ultimate Retirement Account - Mad Fientist Challenge Everything! | Budgets Are Sexy Real Estate Investment Calculators - BiggerPockets Mindy's email Scott's email Check the full show notes here: https://www.biggerpockets.com/moneyshow166 Learn more about your ad choices. Visit megaphone.fm/adchoices

While living abroad, it can be very difficult to invest in assets in your home country, especially if you’re an American. Daniel J. Mills found this out early in his professional career. As a English teacher living in Japan, he had to jump through a sizable amount of hoops to find a way to invest in American stocks, index funds, and later real estate all while overseas. Growing up in southern California, Daniel knew that there was money to be made through entrepreneurialism. He saw his father grow a business that was profiting millions each year, only to see it later become liquidated. Daniel didn’t really think too much about money or growing his personal wealth until years later. After college, Daniel moved to Japan and became an English teacher making a salary of around $30,000 (USD) a year. He met his wife, settled down, and bought an apartment in an appreciating part of the city (contrary to many other parts of Japan). Daniel was saving around $1,000 a month, and realized he didn’t want to be making $30,000 a year forever. So, he started investing in index funds and stocks, which grew his net worth and allowed him to invest in other asset classes, like real estate. Daniel even shares a tax loophole that allowed him to write off 100% of his 6-figure income while he was in Japan (solely from real estate depreciation)! Flash forward to today, Daniel has rental properties in Idaho, Alabama, and Tennessee with partners from Japan and the United States. Daniel agrees with many other real estate professionals in the fact that you need a tried and true team in cities where you’re investing. Living in Japan, he doesn't have much to worry about in the US, thanks to his fantastic property managers, handymen, partners, lenders, and real estate agents. In This Episode We Cover The challenges and benefits of investing in American assets while abroad Getting rid of debt fast so you’re able to scale your investments How money is easier to make as you become more educated and experienced The ins-and-outs of Japanese real estate compared to American real estate Converting bonus rooms to bedrooms for higher rent Forming partnerships with real estate professionals who can help you And So Much More! Check the full show notes here: https://www.biggerpockets.com/moneyshow165 Learn more about your ad choices. Visit megaphone.fm/adchoices

Kyle and Sarah are in a great position. Kyle owns a mechanic and repair shop while Sarah works a regular 9-5. Combined, they’re both bringing in a solid amount of cash flow each month, but it may be getting offset by their expenses. With monthly expenses going into the 5-figures, it’s been hard for Kyle and Sarah to get the cashflow to start their real estate investing. A few months back Kyle and Sarah began tracking their expenses, and like many people, they were shocked at what they found. Some takeout food here, some shopping there, and other random expenses were really adding up, so they started to reduce their costs. Kyle and Sarah both have made significant contributions in their retirement and investing accounts, but they could be investing a lot more and getting a lot of write offs! Scott and Mindy walk through the main expense categories that Kyle and Sarah have, breaking down what can be improved, reduced, and left alone. Like many people, Kyle and Sarah have found that with some fine-tuning to their budget, they'll be able to increase their investments, by a lot! In This Episode We Cover Why everyone needs to track their expenses and start to budget How to start tracking without shame Why you should get quoted for insurance bundling every few years The importance of contributing to your HSA (health savings account) Why employers may want to start 401(k) programs for their employees Whether or not a life insurance policy may be worth the money What should and shouldn’t be a variable cost in your budget And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding HSA – The Ultimate Retirement Account – Mad Fientist BiggerPockets Money Podcast 27 with Lee Huffman BiggerPockets Money Podcast 18 with Mad Fientist BiggerPockets Money Podcast 161 with Mad Fientist BiggerPockets Money Podcast 03 with Erin Chase BiggerPockets Money Podcast 75 with Saving Sherpa BiggerPockets Money Podcast 139 with Joe Saul Sehy BiggerPockets Money Podcast 10 with Liz Thames XY Planning Network BiggerPockets Real Estate Agent Directory Frugalwoods Check the full show notes here: https://www.biggerpockets.com/moneyshow164 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have tax questions for your upcoming 2020 taxes? Stick around then! We have a mind-blowing episode with enrolled agent Steven Hamilton from Hamilton Tax and Accounting. Mindy and Scott throw a lot of high-level, hard-hitting questions at Steven, so seriously, bring a pen and paper to this episode because you’re going to get some amazing tax strategies for 2020! How do you lower your income on your taxes if you have a W2? How do you add to your roth if you’re over the contribution income limit, and what’s the best way to get your kids to max out their retirement accounts (even if they’re only teenagers). Steven answers all these questions, plus a lot more! Whether you’re self employed or a W2 employee, you have options on contributing to retirement, AND options on leveraging those retirement accounts to fund investments. As always, it’s best to talk to your CPA, enrolled agent, or tax preparer on the best strategy that works for you. As Steven puts it, you need to have a plan for where your wealth is going and how you’re going to distribute it. Since 2020 was such a crazy year, many real estate investors are planning to double down on investments, up their contributions, or leave their W2 jobs. This all needs to be done with a plan and a strategy so you can maximize your investments and distributions. Steven helps spell out the best ways to do these (and more) through a number of different (and interesting) strategies. In This Episode We Cover The differences between joint and separate filings as a married couple How AGI (adjusted gross income) effects your taxes and retirement contributions How to max out your 401(k) to $57,000 UBIT (unrelated business income tax) and UDFI (unrelated debt financed income) How CPAs, Enrolled Agents, and Attorneys differ when preparing your taxes How to perform an IRA rollover into a different account How to put even more money into your Roth Setting up retirement accounts for your children Limiting your stock gains so you pay less tax And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding How to Access Retirement Funds Early – Mad Fientist Check the full show notes here: https://www.biggerpockets.com/moneyshow163 Learn more about your ad choices. Visit megaphone.fm/adchoices

As you go further along in your career, you should (hopefully) make more and more money, but does that justify spending more money? Most times, it doesn’t. We’re joined by Tracy, experienced engineer and retirement super saver to go through her budget, expenses, and investment portfolio. Tracy has had a bit of a struggle with spending and expense tracking. A purchase here, some grocery shopping there, and by the time she added up her payments, she was consistently overspending by close to a thousand dollars, every month! Scott and Mindy have some great strategies to limit this type of random spending, and put your budget in the driver’s seat! Tracy is also interested in acquiring a rental property in mid/late 2021, but she doesn’t have the cash savings she needs to do it. That doesn’t mean Tracy lacks money. Quite the contrary, Tracy has a very respectable amount of money stored between her different retirement accounts. She was lucky enough to take advantage of her company’s 15% 401(k) match (seriously, 15%)! Now the question is: does she limit her contributions so she can save up for a rental property or does she continue to max out her retirement accounts so she has a big cushion when she decides to stop working? This is a very common question we get from listeners and members of the BiggerPockets community. You may be in the exact same position, all we can suggest is to tune in to hear what Mindy and Scott have to say! In This Episode We Cover Why employee match programs are so valuable for retirement investing Whether or not you should keep an expensive car loan (or sell and get a cheaper option) How to fight lifestyle creep and focus on your spending and investing The importance of manual expense tracking and budgeting How bigger shopping runs can minimize your food budget every month What type of savings you should have before buying a rental property And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Dave Ramsey’s Envelope System Explained BiggerPockets Money Podcast 04 with Rosemarie Groner Waffles on Wednesday Mobile Expense Tracking App Check the full show notes here: https://www.biggerpockets.com/moneyshow162 Learn more about your ad choices. Visit megaphone.fm/adchoices

He’s back! Today we’re joined by a friend of the BiggerPockets podcast network, Brandon “The Mad Fientist”. Brandon walks us through advanced retirement account strategies you may have heard of, such as the Backdoor Roth, Roth Conversion Ladder, and the coveted Mega Backdoor Roth. While these strategies may sound intense at first, they’re quite simple in practice, as Brandon shows us! Many FI (financial independence) followers constantly ask the question “What’s the best retirement account to contribute to that will help me optimize my early retirement?”. While this can be answered a handful of ways, it often overlooks something very important: regular retirement. While chasing FI, it’s still possible to grow your traditional retirement accounts so you’re even wealthier later on in life! Brandon doesn’t just give various examples of each strategy, he’s tested them and has even ran experiments on his site, such as the Guinea Pig Experiment, which pits various early retirement strategies against each other. We also tackle common questions like: what should I contribute to if I have a low/high income, should I opt for a lower deductible on my healthcare plan to optimize my HSA (health savings account), how HSAs and FSAs differ, and what the contribution limits are for retirement accounts. Even if you’re not chasing FI, you’ll still be able to take advantage of Brandon’s advice. After all, he’s the Mad Fientist! In This Episode We Cover What a Backdoor Roth and Mega Backdoor Roth are Why retirement accounts are crucial when trying to retire early How low income earners can take advantage of 401(k)s and IRAs Why an HSA is a great option for high-deductible coverage The best times to contribute to your retirement accounts The art of “frontloading” and using it to capitalize on market gains And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding BiggerPockets Money Podcast 18 with Mad Fientist How to Access Retirement Funds Early - Mad Fientist XY Planning Network Front-Loading - Mad Fientist HSA - The Ultimate Retirement Account - Mad Fientist Expirements - Mad Fientist BiggerPockets Money Podcast 120 with Michael Kitces BiggerPockets Money Podcast 119 Check the full show notes here: https://www.biggerpockets.com/moneyshow161 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many listeners of the BiggerPockets Podcast network are resourceful when saving and earning money, but maybe not quite as resourceful as Cort Johnson. Not only does he have a full-time engineering job, which he uses to support his family, he also has 5 other streams of income on the side! From contract welding projects, to dropshipping, renting out his trailer, and even raising rabbits (seriously!), Cort has done almost everything under the sun to build up his assets. The main problem: some income streams are taking up too much time, while providing too little in return. This is a constant problem that entrepreneurs and FIRE members face, too many options! Mindy and Scott go through Cort Johnson's income, budget, expenses, and general finances to see where he should allocate his time for maximum return. This episode goes deep on the importance of scalable income and following your passions to develop side income streams that you enjoy. Cort dreams big about starting his own business, investing in multifamily property, and living financially free. As you’ll hear in this episode, he’s not far off! In This Episode We Cover How to focus on side income streams that are worth the time Budgeting and expense tracking so you spend less Calculating the value of your time (so you don’t waste it) Why you should “do what you know” if you’re going to start your own business Turning a large single family property into a multi family for house hacking Why dropshipping is such a great side hustle for busy people And SO Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Check the full show notes here: https://www.biggerpockets.com/moneyshow160 Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when you get married and find out your partner has debt? A lot of debt...That’s a question many young couples have, shortly after finding out their significant other’s full financial picture. While it may seem scary at first, working together to solve financial problems and gravitating towards financial freedom can bring you closer together. That’s exactly what happened to Talaat and Tai McNeely from His and Her Money. Both were raised in frugal houses, but like many frugally-raised people, they split in financial directions. Tai was busy putting herself through college, debt free! On the other hand, Talaat went into the military and started spending his pay on consumer goods. The cars, the clothes, and everything in between. Tai later learned that Talaat had around $30,000 in consumer debt! So what did she do, walk away from him? Of course not! She worked with Talaat and put together a plan where they both could work hard to get out of debt. Shortly after, Talaat was debt free, so what did they do next? They bought their house, and came up with a plan to completely pay it off in 5 years (Yes, 5). Now Talaat and Tai run His and Her Money, helping other couples work together to reach their financial goals. Talaat and Tai have 7 key tips to staying happy and secure in a marriage where the finances are shared, and how to stray away from the “2-Income Trap”. In This Episode We Cover Why you should go over finances before getting married The importance of inspiring your partner to have the right finance mentality The importance of introspection when dealing with a partner’s money situations How to stray away from the “2-Income Trap” Whether or not you should combine finances in a marriage The pros/cons of paying off your home quickly The 7 key tips to creating a financially harmonious relationship And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 73 with Ramit BiggerPockets Money Podcast 127 with Ramit Check the full show notes here: https://www.biggerpockets.com/moneyshow159 Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy New Year! With the first 2021 episode of Finance Fridays, we take a look at Wayne Loux’s investments, income streams, and overall finances. Wayne is like many of our listeners: working a W2 job, but also supporting himself and his family by having 1099 income from being a real estate agent. On top of that, Wayne has over 10 rental units, spread throughout different multifamily properties. He also has solid retirement savings and cash on hand. With all this income, Wayne wanted answers on whether or not he should lessen his time at his W2 job, take more cash out from equity in the multifamily properties he owns, and other common real estate investment questions. Scott and Mindy go through different strategies that can help Wayne grow his portfolio. From 1031 exchanges, to setting up self-directed IRAs, and cash-out refinancing to build an out of state portfolio. These are questions we hear from many investors on the BiggerPockets forums, so stay tuned because Scott and Mindy just might answer a question you’ve had! In This Episode We Cover How to value your time as a high-earning professional Putting family over work, even if it means stepping away from an income stream Which investments should you put money into when all your bills are being paid? SEP IRAs and Self-Directed IRAs Using 1031 exchanges to lower your tax burden when investing Finding jobs that can scale your income (and leaving those that don’t) Whether you’re over or under leveraging your current portfolio How to speak to your partner about big financial steps And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Calculator Check the full show notes here: https://www.biggerpockets.com/moneyshow158 Learn more about your ad choices. Visit megaphone.fm/adchoices

Calling all couples! You and your partner may be on the same page financially, or off in two different directions, regardless of where you’re at, it’s a great time to start having money dates! In this episode, Mindy and Scott are going solo, talking through why money dates are such a crucial part of any healthy relationship. This isn’t just talk, both Mindy and Scott are adamant about money dates, they do them often with their partners as well! If you’re an individual listening to this episode, you may feel a bit intimidated by the concept of a money date. Do you just sit down and talk about index funds and taxes for an hour? No! A money date can be a perfect time to be alone as a couple, talk about the future, make some positive changes, and hold each other accountable for being the best version of yourselves. If you have a partner who may be a bit averse to the concept of a money date, have no fear, Mindy and Scott have perfected their plan for setting up a successful money date, and how to make it enjoyable when you’re in it. With the new year coming up very soon, this is the perfect time to plan a money date with your special someone, you won’t regret it! In This Episode We Cover What is a “money date” What to do before you suggest a money date to your partner How to make the money date successful and what topics to bring up Following up on your money date and setting up systems for success The importance of keeping your ideas simple in a money date How to present the idea to a partner who may not be too keen on finances Why money dates help create healthier, happier relationships And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Wheel of Life Worksheet Money Date Template Finance Review Guest Onboarding Check the full show notes here: https://www.biggerpockets.com/moneyshow157 Learn more about your ad choices. Visit megaphone.fm/adchoices

Most real estate investors get into real estate to get rich quick. If you’re looking to make a million dollars within your first year of real estate, this is the wrong podcast! But, if you’re looking to build a sustainable portfolio of cash flowing rentals while reaching financial independence in a very lucrative position, this is the episode for you! Richard Carey, AKA the “Conservative Money Cool Kid'' started out in the military, not knowing that real estate was the place where he would create his wealth. He started with a duplex and slowly began building his real estate empire, even while overseas. He even took a 10 year break from real estate, and was still able to grow his position to an impressive level! Real estate wasn’t the only way that Richard was investing. He was maxing out his IRAs and employee retirement accounts, investing in index funds and watching them grow more and more as he upped his contributions. Richard is a fantastic example of why you want to start investing as early as possible. While most real estate investors champion loans and leveraging as much as possible, Richard thinks differently. He finds a position of strength by not overleveraging, owning rentals outright, and having a solid safety net to depend on. Richard now sits in a great position, early in life, with a lot ahead of him! In This Episode We Cover The importance of maxing out your retirement accounts when you’re young How to not only pay off your rental properties, but primary home sooner Why there is an advantage to not having too much leverage on your investments How to test out a property manager when long-distance investing Why you should set goals to be in a financial position of strength Why you don’t need to be in a rush to invest right now And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Podcast 268 with Rich Carey Check the full show notes here: https://www.biggerpockets.com/moneyshow156 Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert from Stop Ironing Shirts has had quite a lucrative career path. Starting out as a bank teller in college, he learnt that he really enjoyed math that had dollar signs attached to the numbers. From there, he launched his career forward, first as a commercial banker, and later becoming a well-paid top executive. While he had a great job and a partner who was also bringing in a solid paycheck every month, he slowly started to get tired of the corporate bureaucracy, politics, location dependency, and long hours. Robert has made some mistakes on his path to early retirement. He lost money on a few real` estate deals and he even bought a brand new car (gasp!). None of this stopped him from still living below his means, siphoning off a large portion of his income for investments, and capitalizing on special programs such as the 409a plan. Robert now lives life on his schedule. Whether that be spending copious amounts of time shopping at Costco or surfing at the beach, Robert has a life where he decides what he wants to do, everyday. Thankfully, it didn’t take him 30+ years of working to get there! In This Episode We Cover The importance of choosing a highly lucrative skill set How to fight lifestyle creep, even when you’re making serious money The real cost of a daily commute How he recovered from real estate losses in 2009 (and after) The psychological difficulties many face when retiring early What a 409a plan is (and how high-earners can take advantage of it) How much cash should be in reserves for financial independence And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 153 with Bill Bengen BiggerPockets Money Podcast 120 with Michael Kitces BiggerPockets Money Podcast 136 with Doug Nordman Mr. Money Mustache The Non-Qualified Deferred Compensation Plan Check the full show notes here: https://www.biggerpockets.com/moneyshow155 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever had a card declined when trying to buy the basics? That was the start of Allison Baggerly’s journey into budgeting and saving. As a big spender in college, Allison didn’t see a real reason to save instead of spend. She would take herself on frequent trips to the mall to treat herself when she aced a test, or make herself feel better if she flunked one. It wasn’t until her first son was born that her and her husband realized they wouldn’t have enough in the budget to pay for childcare costs, and thus, the Inspired Budget was born! After a few years of limited spending and frequent budget analyzing, Allison and her Husband paid off over $110,000+ in debt and are now on their way to financial abundance. Allison talks about the importance of giving yourself spending, investing, and saving allowances and how you don’t need to sacrifice everything to become financially safe! In This Episode We Cover The importance of setting budgets early on in life (and keeping up with them) Changing the “how much do I have to spend” mindset into a “how much do I have to save” way of thinking Why you need to own your relationship with money How to have financial talks with your partner (even when it’s awkward) Why you need spending allowances so you can enjoy your money Why investing isn’t a linear path, but a rollercoaster (and why the dips don’t define you!) Refusing the mental trap of “I can’t be rich” while being at a low-income job And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Check the full show notes here: https://www.biggerpockets.com/moneyshow154 Learn more about your ad choices. Visit megaphone.fm/adchoices

He really is the man who needs no introduction (but here’s one anyways). Bill Bengen, the inventor of the 4% rule (and personal finance hero of Mindy & Scott) stops by the Money Podcast to talk about how he calculated his famed 4%, how he managed his client’s portfolios, and how the 4% has aged throughout the past three decades. In his Original Article from the Journal Of Financial Planning, October 1994, Bengen outlined a groundbreaking calculation: a 4% withdrawal rate from your retirement accounts is all you need to comfortably retire (if enough is saved up). Bengen was hit with praise and criticism, but is still applauded to this day for having such a simple yet crucial metric for knowing how & when you can retire. Using over 200+ retirement account portfolios spanning decades of time as research, Bengen still says with confidence, the 4% rule is a winner! He has the proof and we couldn’t agree more. Whether you’re a few years or a few decades away from retirement, this episode features life-changing advice from one of the leaders in financial research. This is an episode you won’t want to miss! In This Episode We Cover What the 4% rule is How Bengen came up with the 4% rule and why it stands the test of time How inflation becomes the “thief in the night” for many investors The best (and worst) times to invest How to stay the course during financial downturn Which asset classes boost great returns and withdrawal rates Steering clear of “1 more year syndrome” The importance of rebalancing your portfolio How to not accumulate too much wealth for retirement Why everyone needs to learn how to be a saver, so they can enjoy life! And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forum Learn more about your ad choices. Visit megaphone.fm/adchoices

To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. She was $70,000 in credit card debt, with a big mortgage, and a spouse that had a medical emergency. So how did she make her way to the millionaire retirement level? Through financial management communities like the FIRE movement, she was able to correct her spending faults, earn more, and invest most of her income into retirement accounts. Kathy put in the work to change her mindset about money as a whole, and reach for abundance instead of just survival. Now, Kathy teaches others how they can reach their retirement goals (even if they’re behind where they want to be) on her Baby Boomer Super Saver blog. Whether you’re just starting your career, or are a few years away from retirement, Kathy has some incredible tips on money management, maxing out retirement contributions, and being intentional with your money and your journey. In This Episode We Cover How to reach your retirement goals even if you start later in life Snowballing your debt so you can save more Changing your financial mindset to get where you need to be The 2 key ways to get your retirement savings up How catchup contribution accounts like the 457b plan can accelerate your investing Being intentional with your money while lining up your saving/investing with your values The importance of educating yourself and not relying entirely on others for financial advice And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey BiggerPockets Money Podcast 18 with Mad Fientist Check the full show notes here: https://www.biggerpockets.com/moneyshow152 Learn more about your ad choices. Visit megaphone.fm/adchoices

You may know Tony J Robinson as the co-host of the Real Estate Rookie podcast, but you probably don’t know his backstory. As a single dad working his way through college and student debt, Tony knew that he needed to have a plan in place to pursue his goals and find financial freedom. He also knew he didn’t want to repeat the same real estate mistakes as his parents. He went from an engineering student, to owning a small tutoring business, to marketing, and finally landed a sweet gig at Tesla! After paying off debt, creating a healthy reserve fund, and divvying his money into over 20 different checking accounts (yes, 20+), he was able to reap the rewards of smart financial management and chase down freedom through real estate. If you’re trying to consolidate debt, find ways to make more money at a job, or leverage creative funding to finance your next deal, Tony has a solution to your problem. In This Episode We Cover How job jumping can accelerate your raises and income growth Why EVERY investor (and person in general) needs a healthy cash reserve The importance of talking to your children about finance Why being good at math doesn’t mean you’re great at financial management How paying off debt can drive investment funding How to fight lifestyle/income creep so you can live below your means The strategy to leverage your stock portfolio for real estate funding Creating the “why” behind financial decisions And so much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey's Envelope System Explained BiggerPockets Money Podcast 149 with Nick Groover BiggerPockets Money Podcast 112 with Natalie Kolodij Rookie Podcast 10 with Tony Robinson Rookie Podcast 37 with Tony Robinson Check the full show notes here: https://www.biggerpockets.com/moneyshow151 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cristina Livadary immigrated to the US when she was 6, and less than a year later, her father left, leaving her stranded with her mother and sister. She didn't speak the language, had no money, and lived in hotels until her mother was able to find steady work as a chef. She grew up without much in the way of financial education, but did secure a water polo scholarship to Bucknell. Until a rotator cuff injury lost her the funding at the beginning of her third year. She left college with $100,000 in student loans and a burning desire to find a high paying job to live out her Carrie Bradshaw dreams of living in NYC. She spent two years in New York, working hard and spending harder. She moved to LA to run a division covering California and Hawaii, and decided she needed to make a big change. Cristina stopped spending lavishly on things that didn't matter, started focusing on what made her happy, and now helps others manage their finances to get money out of the way and live their best lives. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 55 with Kristy and Bryce BiggerPockets Money Podcast 55.5 with Kristy and Bryce Check the full show notes here: https://www.biggerpockets.com/moneyshow150 Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot. He has some debts he'd like to knock out so he can start investing in real estate, and potentially start a business. He just got a promotion and a raise, and on paper is doing pretty good. But Nick needs to start budgeting, because a dollar here and five dollars there is eating up his overage, so there is very little to save. In today's episode, Scott and Mindy sit down with Nick to go over his current financial situation and use their life experiences to suggest easy wins to help pay down his debt, start saving for future real estate purchases, and start investing for retirement. Nick's in a good place right now, but following Scott & Mindy's suggestions should help him get money out of the way so he can go on to lead his best life! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey Mobile Expense Tracking App - Waffles On Wednesday Check the full show notes here: https://www.biggerpockets.com/moneyshow149 Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Hogan joins Scott and Mindy today to chat about becoming an everyday millionaire. Chris and his team interviewed more than 10,000 millionaires to hear how they did it. Hard work, determination, spending less than you make, investing wisely, and eliminating debt. Chris shares how to discuss your finances with your spouse - and how to bring them on board when you have differing views about money. He talks about the emotional journey that debt paydown can take you on - and how to handle that so you come out on top! Chris also reveals his feelings about FIRE - and how there is too much focus on the RE and not enough on the FI. He wants you to become Financially Independent but also wants you to enjoy your journey. Chris firmly believes that anyone can become debt free and start to build wealth to become an Everyday Millionaire. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey's 7 Baby Steps BiggerPockets Money Podcast 50 with Patrice Washington The Retire Inspired Quotient Check the full show notes here: https://www.biggerpockets.com/moneyshow148 Learn more about your ad choices. Visit megaphone.fm/adchoices

Cathleen Hutchins grew up in Hawaii. She come over to the mainland for college, but Hawaii kept calling her name, so she moved back home. Hawaii is an expensive place to live, and Cathleen knew she'd need a plan in order to reach financial independence if she was going to live there for the rest of her life. So she saved. She invested. She made smart decisions about her money and is continuously looking for ways to generate passive income to help fund her retirement. She has also sacrificed some comforts and norms to get to where she is today. She and her husband lived apart for a while, both living where there was a job for each of them, not always in the same state! But her sacrificing and saving has allowed her to move home to Hawaii, buy a house, and continue to pursue financial independence in a high cost of living area. Cathleen is well on her way to Financial Independence and her story is just another example of how following the proven path, you can get money out of the way so you can lead your best life. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 35 with Craig Curelop BiggerPockets Money Podcast 95 with Craig Curelop BiggerPockets Money Podcast 120 with Michael Kitces BiggerPockets Money Podcast 144 with Kirk Chisholm Mr. Money Mustache Check the full show notes here: https://www.biggerpockets.com/moneyshow147 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ambus Hunter grew up with a fair understanding of how money works. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt. His first job was with the Department of Defense, making a decent salary for someone who had just graduated from college. He started saving his money, like a good FI-devotee does, but his story takes a sharp left turn. Ambus discovered gambling. At first, he was winning. (That's how it goes with gambling, right?) But then his "luck" changed. Because that's also how it goes with gambling, right? Ambus chased his losses, and ended up wiping out his entire savings account. That was when he knew he had to stop cold turkey. He then threw everything he had into building his savings back up, taking on extra jobs, living with roommates, and cutting out everything unnecessary in his life. In one short year, working nights and weekends, spending as little as possible, and throwing every dollar into his savings, he made it all back. Now Ambus helps guide others on their own path to financial literacy through volunteering and through his own coaching programs. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 10 with Liz Thames BiggerPockets Money Podcast 143 with Shannon Gauthier How Gambling Away My Savings Strengthened My Relationship With Money Check the full show notes here: https://www.biggerpockets.com/moneyshow146 Learn more about your ad choices. Visit megaphone.fm/adchoices

Chelsea Brennan was a hedge fund manager for several years - until her second pregnancy when she ended up in the hospital with sever complications brought on by the stress and emotional toll her job took on her. She and her husband looked over their savings and investments, and decided that she'd leave her job in order to focus on her health and her kids. Her baby was born healthy, but their income went from six figures to zero figures, and she needed a way to bring some money in. She looked back on her love of teaching, and decided to start a website devoted to teaching women - and moms specifically - how to handle their money. Chelsea is truly passionate about teaching the power of financial independence and being in control of your life. Are you struggling with your finances? This episode is a cannot miss! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 133 with Doc G Free Money Mamas Guide to Investing Check the full show notes here: https://www.biggerpockets.com/moneyshow145 Learn more about your ad choices. Visit megaphone.fm/adchoices

Kirk Chisholm is a fee-only investment advisor with a secret passion - finding new and different ways to invest money. Kirk shares his Big List of 75 Alternative Investments with us today - and more importantly, how to vet the investment vehicle to see if it's right for you. Not everything is a great fit for every person, and you certainly don't have to choose everything on the list. Play to your strengths when choosing investments and don't discount passion for an idea. If you HATE the thought of learning more about that investment vehicle, you won't put forth the correct amount of effort necessary to master it. Kirk also dives into how to sell these types of alternative investments - including at significant discounts if it's an illiquid asset that you need to liquidate fast. Secondary markets exist for all asset classes, and there are ways to pick up a good deal on the secondary market as well. If you're looking to diversify your portfolio, today's show is a can't-miss episode! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Against the Rules with Michael Lewis Podcast The Big list of 75 Alternative Investments Check the full show notes here: https://www.biggerpockets.com/moneyshow144 Learn more about your ad choices. Visit megaphone.fm/adchoices

Shannon Gauthier discovered the debt she and her husband had gotten themselves into when a debt collector caller her at work and she started asking questions. Shocked to discover $30,000 in unpaid debts, she quickly found herself a single mom as her husband left. She tried to pay them off as best she could, but found herself somedays deciding whether to buy a gallon of milk or a gallon of gas to get to work. Fast forward a year, and she met a new man who brought significant debt with him to the relationship - to the tune of $60,000! Each of their divorces added more debt to their pile and at the height their debt totaled $160,000. Their income trailed this debt at $65,000 and they knew they'd have to do everything in their power to knock out this debt. They moved in with his parents to pay lower rent and have someone to watch the kids while they worked. They couponed and did free things with the kids to be able to throw every single dollar they could at their debt. This approach paid off, because by the end of the year, they will be completely debt free and be able to start saving and investing and working toward financial freedom. If you're in debt and see no way out, this episode will show you there IS a way to paying down your debt, that it isn't always easy, pretty or fun, but it CAN be done. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey Pinterest BiggerPockets Money Podcast 130 Mindy's email Check the full show notes here: https://www.biggerpockets.com/moneyshow143 Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott & Mindy sit down today to answer questions sent in by listeners. They address topics all over the board - from student loan repayment and early retirement account withdrawal under the CARES act, to the best high-yield savings accounts, and planning for the gap between early retirement and traditional retirement age when you can access your retirement accounts penalty free. Scott & Mindy also discuss different investing platforms as well as retirement planning, taxes, and even how inflation might affect your retirement future. They take a couple of calls from listeners to chat about the best current use of retirement funds. This episode will help clear up some of the questions you may be having on your road to early financial independence. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Robinhood Facing Multiple SEC Investigations Into Its Business Practices How to Access Retirement Funds Early What Is a Self-Directed Brokerage Account? BiggerPockets Money Podcast 119 BiggerPockets Money Podcast 116 with JL Collins Check the full show notes here: https://www.biggerpockets.com/moneyshow142 Learn more about your ad choices. Visit megaphone.fm/adchoices

Blake Nielson is a college professor whose wife stays home to raise their four children. Despite having only one income - and six mouths to feed - they have paid off their home and are on the path to early financial freedom. Blake currently loves his job and has no plans to stop working - but still wants the freedom that financial independence gives. So how did he do it? He started off debt free from college, a HUGE leg up in life in general. Blake details just how he accomplished this feat, from college selection to funds available, scholarships and even working during the school year and especially during the summers between. Blake even shares a Solid Gold tip for finding out about scholarships that aren’t well publicized! Blake also strategically chose where he lived during his college years. He specifically chose a rental that was priced significantly lower than the “college” rentals in town - but still close enough to walk to school. There is no secret to Blake’s success. He put in the work at an early age and is on track to hit lean FI by age 40 and Fat FI by 45. Spend less than you earn, invest wisely. Blake shows you can live the FI life with four kids and one income. In This Episode We Cover: Blake's money story Simple principles of frugality 4 keys that any person can go to college debt free Talking about school selection How he budget his money House hacking Talking about scholarships His experience after getting a PhD Blake's job The problem that most people have with negotiation And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 80 with Rich & Regular BiggerPockets Money Podcast 32 with Mr. & Mrs. PoP BiggerPockets Money Podcast 64 with Zach Gautier Check the full show notes here: https://www.biggerpockets.com/moneyshow141 Learn more about your ad choices. Visit megaphone.fm/adchoices

Belinda Rosenblum is a CPA, a certified coach and her clients include Harvard Business School, Harvard University and the SEC. She’s worked for Arthur Andersen and L3 Enterprises. She’s got money all figured out, right? Well, she does now… On today’s episode, Belinda shares her biggest money mistake - ignoring a giant pile of mail as she cared for her recovering father. Once she cleared that up, she focused on her own finances, growing her net worth to more than $1 million by the time she was 33. She quickly realized that her trajectory was NOT taking her where she wanted to go. So she pivoted. She took a new job with a huge bump in pay and rode out their boom and subsequent layoffs, taking a package to leave and using that opportunity to travel to India, a life-changing experience. When she came back, she realized she didn’t need all the things, didn’t need the stress that came with the big corporate job, and struck out on her own, filling a need she saw in her own friends - financial education. Belinda parlayed her financial knowledge into a multi 6-figures company, pivoting again last year to helping businesses strategically and consistently generate income. This episode is for anyone who has made a money mistake, anyone who has gotten past one, or anyone looking to start their own business to truly live the life they want. In This Episode We Cover: Belinda's journey with money How she worked out with her money management Emotional side of money What she did after she was laid off Her experience during her financial advising jobs Biggest challenges for entrepreneurs Talking about her business How she grow her business Unconscious spending How her clients think about taking the leap away from a job into entrepreneurship How to start a business And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums 5 Simple Ways to Create Consistent Revenue Money-Making Tracking Sheets Learn more about your ad choices. Visit megaphone.fm/adchoices

Life Insurance is the most exciting topic on the planet! Just kidding. But just because it isn’t a super exciting topic doesn’t mean you don’t need to know about it. Today, Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins Scott and Mindy to talk about Life Insurance. Joe comes from a background as a financial planner and was licensed to sell every type of insurance product available. Joe is here today because he understands how life insurance works - how it's priced, how you can use it, the pros and cons of the product - but he has no skin in the game whether you buy life insurance or not. He's the perfect person to explain this product from a factual standpoint and let you make the decision of what type - if any - is best for you, based on facts, not commissions. Joe walks us through the basics and shares how life insurance actually covers you - from term, to whole, to universal life. There's no bad product, only different ways of paying out. If you're struggling with how to figure out what life insurance policy is right for you, this episode can't be missed. In This Episode We Cover: How life insurance works How to incorporate life insurance into financial planning What bucket of insurance should people be thinking about How does life insurance gets price Whole life insurance versus term life insurance Universal life insurance What decreasing term policy and level term policy are Things that affect insurability Tax triangle Is life insurance payout taxed What age should you get life insurance What makes good life insurance policy Common reasons for being denied in life insurance And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums BiggerPockets Money Podcast 40 XY Planning Network Learn more about your ad choices. Visit megaphone.fm/adchoices

Farnoosh Torabi grew up talking about money. Her parents are from the Middle East, and in her culture, they “never miss a moment to talk about money.” As the go-to girl for finance advice among her friends, imagine her surprise when she sat down and looked at her financial situation to discover tens of thousands of dollars in credit card debt! Farnoosh realized that paying for everything with a card, then paying the minimum balances didn’t lead to debt free life. Not wanting to continue a life of debt - mainly so she wouldn’t have to tell her mom - she hustled during school. Taking class notes and selling them on her school’s notes system, babysitting, bird sitting, anything that would generate income so she could throw money at her debt and pay it off. Graduation took her to New York City and a stroke of luck found her a shared apartment with a married couple for $500 a month. Definitely less than she could find on her own. She started off making very little, and strategically increased her income to offset the fact that she “isn’t a good saver.” Farnoosh has parlayed her own financial knowledge into a career teaching others how to manage their own finances. From books, to podcasts, to television, Farnoosh is everywhere, educating this oh-so-important skill so that others can work toward their own financial freedom. In This Episode We Cover: Farnoosh's journey with money Where she learned about money Talking about her money behaviour How she got rid of her debt Her approach on accumulating her assets How real estate helped her Her advice on people who are in a relationship The leading cause of a divorce The right time for people who are just starting to date to talk about money What her asset allocation looks like And SO much more! Links from the Show BiggerPockets Money Facebook Group FinCon NextAdvisor with TIME | Smart Money Moves BiggerPockets Money Podcast 119 BiggerPockets Forums Learn more about your ad choices. Visit megaphone.fm/adchoices

Felicity’s story to financial independence is going to be similar to listeners of The BiggerPockets Money Podcast. She got a good paying job, spent less than she earned, intelligently invested in Index Funds and is now financially independent at the age of 30. Easy, peasy, lemon squeezy. Except, it’s NOT that easy, actually. She lives in America, and for much of that time, she lived in a very high cost of living city, Boston. Felicity rented a 250 sq ft apartment with her husband, Fergus, while he was in graduate school - because he didn’t want to live above his means, and he was making less money than she was at the time. In fact, Fergus is leery of the 4% rule, and would be much more comfortable if they were only pulling 2%-2.5% of their retirement funds every year. Their story illustrates the point Mindy makes so frequently in this podcast, “personal finance is personal.” Their story also illustrates the path one must take to get to financial independence. Spend less than you earn. Intelligently invest. Stay the course through the tough times. This too shall pass. In This Episode We Cover: Felicity's journey with money Talking about her unconscious spending and fixed expenses What she did with her money prior to discovering financial independence The moment she started his financial independence journey How she got obsessed with personal finance Conversation about money with her husband Her approach on her money Talking about happiness Where she planted her money And SO much more! Links from the Show BiggerPockets Money Facebook Group The Power of Financial Freedom - Fetching Financial Freedom 5 Ways Losing 50 Pounds and Saving $1M Was Exactly the Same Donating a Year’s Salary to Our Donor-Advised Fund Mint Mr. Money Mustache BiggerPockets Money Podcast 120 with Michael Kitces Millennial Revolution Mindy's email Scott's email Learn more about your ad choices. Visit megaphone.fm/adchoices

Doug Nordman wanted to teach his daughter about money. But he knew that to get it right, he’d have to start when she was very very small. So he did. First, he taught her how to count, then he taught her how to add, then he showed her what she could do with money by using cash in transactions. As Carol got older, she was able to handle the cash herself, learning how to make change, count change, etc. Carol started “earning” her own money, through allowance and jobs - which could only be done after her (non-paid) chores were complete. Doug’s common-sense approach to teaching his daughter about money is actually quite brilliant. She starts learning about money - and making money mistakes - when the stakes are low. Your 8-year-old making a $20 mistake is far better than your 20 year old making a $10,000 mistake because he or she never learned how to manage money. Carol joins her dad to talk about how these teachings affected her life - and how she is planning on teaching her own daughter about money and finances. Carol and Doug have combined their recollections of this time together and written a book called Raising Your Money-Savvy Family For Next Generation Financial Independence, and it is the blueprint for exactly how to raise children who are ‘good with money’ and how to prepare them to be adults who are great with money. If you’re struggling with how to teach your children about money, this is a must-listen episode. In This Episode We Cover: Doug's journey with money How he learned to be smart about money How he budgeted money on raising a child What does high savings rate means to him Carol's outlook about finance Carol's financial story Overview of Carol's financial position Lean FI Talking about Carol's husband and his view about money Doug's advice on how to approach your kids when you are just starting out on this journey Where they planted their money And SO much more! Links from the Show BiggerPockets Money Facebook Group CNBC ChooseFI Learn more about your ad choices. Visit megaphone.fm/adchoices

Seth Williams invests in real estate in a way you may have never heard of before. He buys and sells land. And no, he’s not a developer. He literally buys a piece of blank dirt, and then sells it—frequently within days of buying it—for fairly high margins. And he does this without taking out loans for the purchase. How? He’s paying hundreds of dollars for this land, as opposed to hundreds of thousands of dollars for a piece of land with a house on top of it. He turns around and sells it quickly, frequently realizing a 300% profit—or more! Even better? Deals are EVERYWHERE! Land is literally everywhere, and deals can be found very easily. (We discuss several ways to find absentee vacant landowners, many of whom just want to be rid of the property!) Seth shares what to look out for in a deal so you minimize your chances of getting burned and what makes a deal great. He shares different ways to find these deals and even gives guidance for doing your homework so you know exactly what you’re buying. If you’d like to get started in real estate but may not have the funds or simply don’t have the time or desire to run a flip, land may be your way in. In This Episode We Cover: Seth's money journey His first land deal The reason why people buy land How to get into your first deal buying land What you should know about title insurance Dealing with mistakes All about title searches Tax implications of buying land The best and worst type of land for those just starting out And SO much more! Links from the Show BiggerPockets Money Facebook Group Dave Ramsey's Envelope System The title search article/video Land Flipping Lifecycle How to Juggle Your Real Estate Business with a Full-Time Job Six Months After Quitting My Job, Here Are My Honest Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Browning had dreams of creating movies for Pixar - until he started art classes in college and realized that wasn’t his calling. He was also taking a personal finance class and thoroughly enjoyed it, so he changed his major to finance and never looked back. Chris should have perfect finances, right? Well… Chris found himself in debt after graduating in 2009 and working as a bank teller, trying to impress his girlfriend (now wife). He took control of his finances, telling his girlfriend that they needed to reign in their spending so he could pay off debt. But once his debt was gone, he started saving in earnest for an engagement ring, spent everything he had on that, and found himself in debt again when they started planning their wedding. Life happened, debt continued to stack up until they realized they were $27,000 in debt, with salaries just over that amount - all while living in Southern California. Living paycheck-to-paycheck makes it hard to throw extra money at your debt. Chris and his wife reviewed their spending and were shocked by what they were spending on. Once they knew where their money was going, they were able to drastically reduce their spending and throw more money at their debt. It turns out, tracking your spending and sticking to a budget are both excellent pieces of advice that can help anyone turn their financial situation around and start down the path toward financial independence. In This Episode We Cover: His journey with money How much debt he has on his wedding What he did on paying off his debt Changes he make while paying off his debt How he approached his wife on making changes about their budget Talking about his emergency fund Dave Ramsey's baby steps How he plan his retirement Steps towards saving for early retirement When did he discover Financial Independence His vision for retirement How to use credit card responsibly His tips on travel hacking And SO much more! Links from the Show BiggerPockets Money Facebook Group Mint: Budget Tracker & Planner BiggerPockets Money Podcast 75 with Justin from Saving Sherpa BiggerPockets Money Podcast 39 with Jamila Souffrant BiggerPockets Money Podcast 15 with Brad and Jonathan from ChooseFI Dave Ramsey's Envelope System Learn more about your ad choices. Visit megaphone.fm/adchoices

Doc G wanted to be a doctor since he was eight years old. He went to medical school, started his career and quickly realized he actually didn’t like all the parts about being a doc - and didn’t know how to leave the profession. Something he’d wanted for 20 years suddenly wasn’t so awesome anymore. Cue The White Coat Investor. He’d written a book and asked Doc G to read it and review it for his medical blog - and suddenly Doc G saw a way out! This way out didn’t have the expected results, however. Instead of jubilation, Doc G was thrown into a spiral of anxiety and depression. Something he’d wanted his whole life, this thing he’d identified with so strongly for so long, and the thought of walking away from such an enormous part of his life was terrifying because now he had a way to do it and it was suddenly real. Having always saved at least 50% of his income, Doc G went to his accountant - who was unfamiliar with early retirement and sort of threw out a number he needed to save to retire. His financial advisor was a bit more helpful, asking questions like, "how much do you spend in a year?" Not knowing, Doc G threw out a number, which turned out to be really close to what his accountant said he needed. But he was still unsure. So he did what anyone in the FIRE community would do - he started reading. Everything and anything he could get his hands on. He realized he had enough money to stop doing those things he didn’t like, so he started practicing what he calls "The Art of Subtraction." He removed the things that did not make his heart sing, so that he could focus on those things he DID enjoy. And his plan worked. He now can spend his working hours doing the things he loves to do, and does not have to do the things he doesn’t. He has focused more time on non-doctor side projects like writing and podcasting - where his enjoyment runs sky high even though the paychecks do not. As his side projects bring more joy, walking away from the physician thing gets easier and easier. Making plans for retirement is great, but today Doc G shares how to plan your transition into retirement which can be even more important! In This Episode We Cover: Doc G's specialty as a doctor His journey into the medical field How his life changed from being a doctor to investor How his money journey began The art of subtraction Stepping away from being a physician and leaving a large paycheck behind Questioning what truly makes you happy Doc G's portfolio His rental property business And SO much more! Links from the Show BiggerPockets Money Podcast 99 with Scott, Whitney Hansen, and Doc G BiggerPockets Money Podcast 6 with Sarah Wilson BiggerPockets Money Podcast 11 with Joel What is Hedonic Adaptation and How Can it Turn You Into a Sucka? Hacking Hedonic Adaptation to Get Way More For Your Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Marquez Griffin graduated from high school but did not feel that college was his path. His uncle worked in a sheet metal shop, and was able to get him a job there. He quickly learned that taking a bit of action with regards to his sheet metal training would catapult him higher in his earnings, so he enrolled in trade school and alternated between work and school to learn the trade faster. His earnings rose as he completed coursework, but Marquez found himself unexcited about his path and started looking for more. Moving in with a friend and his dad turned out to be a real-life Rich Dad event, with his friend’s father introducing him to the concept of saving and investing. Marquez started listening to audio books and podcasts while working in the shop, looking for information about a better life. This self education led him to Scott’s book Set for Life, and then to BiggerPockets where he discovered that House Hacking, real estate investing and that he could marry real estate with a career and go from salaried trade work to commission based agent work where the sky was the limit with regards to earnings. He further discovered the job of Signing Agent and has now incorporated that into his work schedule as well. (For more information about Signing Agents, check out our episode 74 at www.biggerpockets.com/moneyshow74.) Marquez knew college was not his path, so he followed the path he was meant for and is reaching for Financial Independence on his terms. In This Episode We Cover: Marquez's journey with money His experience working in a sheet metal shop Practical approach on making more money while in school Things that influence him to financial freedom His approach on building emergency funds and investments Talking about house hacking and his everyday expenses How he became a Notary Signing Agent Marquez's portfolio On index fund investing And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Money Podcast 44 with Tinian Crawford BiggerPockets Money Podcast 74 with Mark Wills Learn more about your ad choices. Visit megaphone.fm/adchoices

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 journey How he's saving his lunch money Becoming a financial planner Individual stocks vs. index funds When he discovered and committed to financial freedom Mistakes that he sees new investors make What his end-goal looks like How $2,000 can make your kids millionaires 3 ways to get started investing And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Money Podcast 129 with Tiffany Aliche BiggerPockets Money Podcast 110 with A Purple Life BiggerPockets Money Podcast 97 with Financial Mechanic BiggerPockets Money Podcast 119 BiggerPockets Money Podcast 41 with Kyle Mast BiggerPockets Money Podcast 84 with Kyle Mast BiggerPockets Money Podcast 118 with Kyle Mast BiggerPockets Money Podcast 24 with Erin Lowry BiggerPockets Money Podcast 81 with Erin Lowry How $2,000 can turn your kids into millionaires Three ways to get started investing Learn more about your ad choices. Visit megaphone.fm/adchoices