By the time you finish this episode, you?ll be ten thousand dollars richer. Just read this testimonial from a recent BiggerPockets Money listener, ?I?m so rich now, I have no idea what to spend all my money on. And all it took was listening to this episode.? But act fast because, in five minutes, this episode WON?T be available anymore. None of the above is true. But you probably caught on to a few of the psychological tricks many marketers use to push you into purchasing, even when you?re not ready to. And with so much mentoring, online course-selling, guru-ing, and get-rich-quick promising, it?s hard NOT to fall into these traps. How do you know who actually wants to help you and who?s just waiting to grab onto your wallet? Tarzan Kay has spent years using persuasion-first business tactics to prompt potential customers into purchasing, building a seven-figure income stream in the process. It wasn?t until she realized that these tactics did more harm than help that she decided to burn down the business she had built. Now, she?s sharing all the persuasion secrets marketers are using on YOU and teaching you how to build a business the better way. In This Episode We Cover The ?principles of persuasion? businesses use to trick you into buying Common predatory practices online gurus and mentors commonly use HUGE red flags to watch out for before you buy ANY online course How to ensure your business NEVER tricks potential customers into buying  Vetting your own clients and customers BEFORE they have the chance to pay you And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Warning: Why You Shouldn?t Buy What the Gurus Are Selling Click here to check the full show notes: https://www.biggerpockets.com/blog/money-497   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to reach financial freedom, knowing how to save money is crucial. Today, Mindy and Kyle deliver some special tips that will help you save on housing, food, travel, and other common money categories in 2024! In this final episode of our four-part money tips series, we?re looking to help you improve your quality of life while saving money. Do you pay a premium to live in an expensive city that you don?t have time to explore? Perhaps it?s time to pack up and move to an area with a lower cost of living. Instead, scratch your itch to see the world by using credit cards to travel for FREE! Is your monthly grocery bill getting out of control? Choose a cheaper store, take advantage of sales, or do ?mini? shops that help you eliminate waste. Finally, do you spend a fortune on things like eating out or going to the spa? Learn how you can recreate these experiences at home for a fraction of the cost!   In This Episode We Cover How to save money on groceries with savvy food budget tips Why you should consider moving to an area with a lower cost of living Creating ?at-home? experiences that put money back in your pocket How to improve your quality of life with small but effective upgrades Building the healthy habit of charitable giving (and how to plan your donations!) Choosing a FIRE goal that gives you ?enough? money to support your lifestyle Traveling for FREE by racking up credit card rewards And So Much More!   Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Check Out Part 1 of Our 24 Money Tips for 2024 Check Out Part 2 of Our 24 Money Tips for 2024 Check Out Part 3 of Our 24 Money Tips for 2024 Ramit Sethi Revisited: Spend Like Your Life Depends on It Slash Your Food Budget by $150+ Per Week with EASY, Healthy, and Tasty Meals Learn How to Travel for FREE Click here to check the full show notes: https://www.biggerpockets.com/blog/money-496   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Learning high-income skills can help you make money online?and a LOT of it! Just ask today?s guest, who worked not one but SEVEN internships to develop professional skills that would help her launch several successful online businesses down the road! Welcome back to the BiggerPockets Money podcast! Jo Franco is an entrepreneur, YouTuber, podcast host, and digital nomad with multiple income streams. Born to undocumented immigrants, Jo didn?t have much growing up other than her family and a chance to pursue the American Dream, but what she lacked in money and resources, she made up for in pure work ethic. Throughout her teens and twenties, Jo worked all kinds of jobs, side hustles, gigs, and internships that allowed her to save money and even travel the world for FREE. Since then, Jo has had her own Netflix show, built a successful YouTube channel, and launched her own journaling company. In this episode, she shares exactly how she made all of this happen, the keys to her success, and important money management tips for entrepreneurs. She also talks about the biggest mistake she has made in her career to date: hiring the wrong people! In This Episode We Cover The high-income skills you NEED to become a successful entrepreneur How to become a digital nomad (and travel the world for FREE) Reducing your financial risk by keeping your expenses down The true value of unpaid internships (and how to make the most of them!) Crucial money management tips for all entrepreneurs How to save money WITHOUT the consistency of a W2 paycheck How to get the highest return on your investment in people And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Check Out Our 24 Money Tips for 2024: Part 1 Part 2 Part 3 Part 4 Click here to check the full show notes: https://www.biggerpockets.com/blog/money-495   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]   Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to learn how to buy a house in 2024? Whether you have outstanding credit or your score could use a little work, there are different ways to buy. In this episode, we?ll lay out your best options and provide actionable steps you can take to boost your credit score in the meantime! Welcome back to the BiggerPockets Money podcast! Today, Mindy and Kyle are fielding some of your biggest money questions. Beyond buying a home, you?ll learn how to use your home equity to fund your new business idea. Have you run into some ?extra? cash recently? We share investing strategies that will allow you to ?hack? tax brackets and position yourself to retire early. This year, it?s crucial that you get on the same page with your partner, financially. Mindy and Kyle talk about the tough but essential ?meetings? you should be having about your budget. Finally, is there ever a time when it makes sense to buy a depreciating asset like a brand-new car? Our hosts? answer might surprise you! If you want Mindy and Kyle to answer a money question, you can submit a question here or post it in the Money Facebook Group! In This Episode We Cover How to buy a house in 2024 with less-than-perfect credit What you MUST know before entering a home equity agreement The BEST ways to fund your new business idea How to buy a brand-new car and stay on track for FIRE How to invest ?extra? money and ?hack? your tax bracket to owe less The finance ?meetings? you NEED to have with your partner And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment When to Buy New vs. Used and is That Car Repair Worth the Cash The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens Ramit Sethi?s Money Advice for Couples: Live a Rich Life, Together Grab Your Copy of ?Playing with FIRE? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-494   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to be a better investor in 2024? A few simple adjustments could help your money work much harder for you this year, and our hosts are here to lend a hand! In part three of our four-part money tips series to kick off 2024, Mindy and Kyle offer some top-notch advice on how to invest your money this year. You?ll learn about the importance of tracking your finances year-round, savvy retirement planning, and, if you?re a real estate investor, putting some of your ?lazy? equity to better use! Beyond investing, our hosts provide several money hacks that will help you chip away at your expenses this year?whether it?s taking advantage of autopay or annual-pay discounts or pivoting to a low-cost phone plan. Finally, they discuss how spending money can actually propel you toward your FIRE goal! In This Episode We Cover How to be a better investor in 2024 and beyond Finding the perfect method to track your finances year-round Paying a fraction of your current phone bill by switching to a cheaper plan Saving money on bills with autopay and annual pay options How to spend money, enjoy your life, and still save BIG Getting the highest retirement account benefit by planning contributions Making your money work harder by optimizing your investment portfolio Reinvesting the ?lazy? equity in your real estate portfolio And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Check Out Part 1 of Our 24 Money Tips for 2024 Check Out Part 2 of Our 24 Money Tips for 2024 Ramit Sethi Revisited: Spend Like Your Life Depends on It Find a Discount Phone Plan: Mint Mobile Visible Click here to check the full show notes: https://www.biggerpockets.com/blog/money-493   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone tells you you?ll need millions to retire, let alone retire early. You hear it all over mainstream financial media, ?You need FIVE million dollars? or ?Three million dollars is enough, but you have to be frugal!? Even having half a million dollars in investments seems like a lofty goal for most Americans. Are these financial ?experts? just out of touch with the everyday person? And if so, is there a way to retire with less than a million dollars? Surprisingly, yes! Wes Moss, certified financial planner, money educator, and author of the best-selling book You Can Retire Sooner Than You Think, is here to show you that retirement isn?t that far away. Through some simple calculations, Wes enlightens us on how many Americans are already in the position to retire and why you don?t need many millions to live a comfortable post-work life. But that?s just the tip of this financial education iceberg. We get into a much deeper discussion with Wes about what a happy retirement really looks like and the key signs that you?ll live a satisfying retirement life. There are two main factors to a happy retirement, and if you haven?t been paying attention to them, you can almost guarantee you WON?T enjoy financial freedom when you achieve it. So, if you want a happier, healthier, wealthier, and longer retirement, stick around! In This Episode We Cover The two most crucial factors of having a happy retirement (it?s NOT money) Why you DON?T need to be a millionaire to retire or retire early The wave of ?unretired? and why those over fifty-five are going back into the workforce Why eighty percent of Americans DON?T like their job and how this is hurting retirement investing The multiple streams of income you need to retire on your terms Social security, pensions, and other retirement income many Americans forget about in their calculations And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More! Motley Fool: The Retirement Planning Roadmap: 401(k)s, Real Estate, Bonds & More Michael Kitces: Does the 4% Rule Hold During 2022?s Stock Market Crash? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-492   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you dream of hitting financial independence before the age of fifty, forty, or even thirty? In this episode, we?re joined by two of the SheeksFreaks community?s finest?a pair of scrappy entrepreneurs who decided to skip collegeand pursue a much faster path to financial freedom. First up, we chat with Adrian Zapata, a twenty-two-year-old serial entrepreneur who now owns multiple thriving seasonal businesses. During the spring, summer, and fall months, Adrian delivers lawn care and tree trimming servicesto the locals of San Antonio, Texas. But, once the holiday season rolls around, that?s when the real cash cow takes over: a Christmas lights installation business that brings in a whopping $115,000 in only two months! Next, Javier Leyva shares how he was able to achieve financial independence by just twenty-six years old despite his underprivileged upbringing. After performing his own cost-benefit analysis, Javier determined that getting a traditional bachelor?s degree wasn?t the right path for him. Instead, he joined the workforce and took actionable steps toward FI?doubling down on saving money, finding a higher-paying job, and increasing his income with the house hacking strategy! In This Episode We Cover Two unique ways to achieve financial independence before the age of 30 How to boost your income with the house hacking strategy The HUGE revenue potential of building a seasonal business The case for SKIPPING college and choosing the straight path to FI Why you NEED to plug into a personal finance community (and stay accountable!) Why financial education?NOT a college degree?is the key to financial freedom And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Is College Worth the Cost? This 30,000 Variable Study Says ?Sometimes?? Why 40% of Master?s Degrees Aren?t Worth It (and Which Are) w/Preston Cooper 20 Year-Old Minimum Wage Marine with $850K in Real Estate Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate Hear Our Last Episode with the SheeksFreaks Success Stories Join the SheeksFreaks Community Click here to check the full show notes: https://www.biggerpockets.com/blog/money-491   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

With a few money tips for 2024, you could take your savings to a new level this year. From investment fees to utilities, there are all kinds of everyday expenses that you might not have thought to slash! Welcome back to the BiggerPockets Money podcast! In part two of our money tips series, Mindy and Kyle go over some of the best and easiest ways to save money. If you haven?t shopped around for insurance in the last year, chances are you?re paying too much! We talk about how finding a broker can help you out in a big way. We also recommend several home upgrades?such as installing LED bulbs, adding insulation to your attic, and investing in low-flow showerheads?that could help you save a fortune on your energy bill. You?ll find out that even something as simple as stashing your tax refund in a savings account could make a huge difference! In This Episode We Cover How to find out if you?re spending too much on investment fees The energy-efficient home upgrades you NEED to make in 2024 How to save a fortune on your electric bill by insulating your attic The SMART way to use your tax refund this year Why you NEED to shop for insurance every six months (and find a broker!) Protecting your family?s financial future before you pass away And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Check Out Part 1 of Our 24 Money Tips for 2024 How to Find the Best Possible Certified Financial Planner (CFP) for Your Needs with Kyle Mast The Post-Passing Plan: 3 Steps to Protect Your Family?s Financial Future Organize Your Family?s Most Important Information with the Family Emergency Binder Click here to check the full show notes: https://www.biggerpockets.com/blog/money-490   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You probably already know who Humphrey Yang is, and even if you don?t, there?s a good chance you?ve seen one of his YouTube, TikTok, or Instagram videos. A few years ago, Humphrey?s internet presence was almost non-existent. He was living off savings, trying to find a business that would hit traction, until one day, he started posting financial content online. Within thirty days, he had a six-figure follower count. But this wasn?t by luck or accident; it was by design. Humphrey knew that to start any successful business, it would take testing?a lot of testing. So, he set out to test content that not many other people were making, showing anyone and everyone on the internet what not to buy, the best ways to invest, and how they, too, could become wealthy, or at least not end up broke. But Humphrey was ONLY able to do this after saving up a significant amount of money from past jobs, going extremely frugal, and realizing that he needed to do whatever it took to work for himself. And if you?re struggling to find your path and feel like being an entrepreneur is what you?re meant to do, Humphrey can help! In this episode, he?ll show you EXACTLY how he ?tested? his way to wealth, made financial and entrepreneurial ?hypotheses,? and grew an online following to over a million people in just a few years. In This Episode We Cover The benefits of extreme frugality and how to save six figures on an average salary Starting your own business and how to ?test" whether it?ll stick Going viral online in only a month and how to find your niche with customers/viewers Why you MUST fail at multiple businesses before you find success Using your ?unfair? advantage to get ahead in whatever industry you?re in And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab Your Copy of ?Set for Life? Starting Successful Businesses with NO Industry Experience 10 Tips For Leaving Your 9-5 and Adjusting to Life as an Entrepreneur The #1 Wealth Killer No One Talks About Click here to check the full show notes: https://www.biggerpockets.com/blog/money-489   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we?re going to show you how to pay off credit card debt FAST. It isn?t glamorous, and it won?t be easy, but if you can do it, an entire world of wealth-building, opportunity, and financial freedom awaits. So, if you?ve gotthousands in credit card and consumer debt and are tired of feeling shackled to failing finances, get ready to take some notes?this is what it takes to become debt-free!  Brittney Reynolds found herself like many Americans: out of money, maxed out on credit cards, living well above her means, and having no financial independence. She was going on vacations she couldn?t afford, renting in a high-cost-of-living area, seeing her debt climb with every swipe, but realizing too late how much of a problem it was. By the time Brittney faced reality, her credit card debt had ballooned to $36,000. But, instead of ignoring it, she made some drastic life changes. Now, only a few months into her debt payoff journey, Brittney has already paid off $12,000 in credit card debt, with plans to be entirely debt-free by the start of the summer. How will she pay off such a massive amount of debt in under a year? Stick around to hear her strategy; if you?re in a situation like her, you too could be debt-free faster than you think! In This Episode We Cover How to pay off credit card debt FAST, no matter how big your balance is Building wealth as a complete beginner and how to invest when starting from zero The simple ways that we overspend without even realizing it  How not having enough savings can leave you vulnerable in life One move that will help Brittney pay off her debt in record time  Whether to invest, save, do both, or neither while paying off debt And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How to Pay Down Bad Debt?Fast Click here to check the full show notes: https://www.biggerpockets.com/blog/money-488   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you?re after the best money tips for 2024, we?ve got you covered! Every dollar counts when it comes to improving your finances, and our hosts are offering some invaluable end-of-year advice to help you do just that. In part one of this four-part series, Mindy and Kyle will help you prepare for 2024 with money reviews, money dates, and home improvement project planning. Of course, your credit score plays a key role in your financial journey, so we will show you how to keep an eye on it and view your latest credit report for free. Do you have unnecessary subscriptions that eat away at your bank account balance each month? We have a tool that allows you to cancel them automatically. Finally, does someone OWE you money? You?ve got to try the secret hack we use to find and claim free money each year! In This Episode We Cover The end-of-year money review you MUST have in 2024 Why you NEED to plan regular money dates with your partner Saving money when planning home improvement projects The secret tool we use to cancel unwanted subscriptions (without doing a thing!) Keeping your credit in check with free credit reports How to claim the FREE money you?re owed (but didn?t know about!) And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple All the Money Hacks We WISH We Had Known About Check Your Credit Report for FREE: FreeCreditReport.com AnnualCreditReport.com Get Expiring Debit Cards for Your Subscriptions with Privacy Click here to check the full show notes: https://www.biggerpockets.com/blog/money-487   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

JL Collins is one of the most respected authors in the financial independence community. His book, The Simple Path to Wealth, became the FIRE movement bible, giving clear, concise, easy-to-follow, and often unbelievably simple advice on achieving financial independence and retiring early. One of the most striking lessons from the book? You DON?T need to be rich to retire early or build wealth. Whether you make $40K or $400K per year, you can start building your financial freedom TODAY. Since its publication, The Simple Path to Wealth has inspired millions of people to find financial freedom, and many who have achieved financial independence or are well on their way have been in contact with JL. In his new book ?Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence?And How to Join Them,? JL shares stories of the rich, poor, and even bankrupt readers who were able to turn their lives around and find financial freedom, no matter their circumstance. So, if you?ve been telling yourself that you CAN?T retire early because of a low paycheck, dire financial situation, or expensive lifestyle, think again. In this episode, JL will show you EXACTLY why YOU can be rich IF you follow some simple steps on the path to financial independence! In This Episode We Cover The simple, repeatable path to wealth that ANYONE can follow to become rich How to achieve your huge retirement goals even when starting from zero Why financial independence is NOT just for the rich and already wealthy The lifestyle ?trap? that will stop you from ever achieving FIRE The problem with the 4% rule and why you CANNOT trust it for a happy retirement How to build wealth when everything (and we mean EVERYTHING) goes wrong And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Hear Our Past Episodes with JL Episode 20 Episode 116 Episode 285 Learn More from JL How Has The 4% Rule Held Up Since The Tech Bubble And The 2008 Financial Crisis? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-486   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone wants to know how to get rich. And here?s the truth: getting rich might be much easier than you think. While most people would assume the wealthy grind their way to success, this isn?t always the case. In fact, rich people are FAR lazier than you think, and we?re not saying that in a bad way. Rich people make money while they sleep, so they don?t HAVE to work harder every day. Want to know how you can do the same? Vivian Tu, AKA ?Your Rich BFF,? will show you how! Vivian grew up with super-saver immigrant parents who taught her the value of money. When she went off to college, she realized a whole new world of wealth existed?this was only multiplied when she became a Wall Street trader. Vivian saw the fancy suits, the designer bags, and the jewel-studded bracelets and realized that these ?rich? people were doing something most people didn?t know about. After her friends and coworkers wouldn?t stop asking her for financial advice, she decided to take her knowledge to the masses. In her new book, ?Rich AF: The Winning Money Mindset That Will Change Your Life,? Vivian details what the rich do that you (probably) don?t. These habits of the wealthy can change your life and upgrade you from the position you?re in now. In today?s episode, we talk about the tools you can use to get rich, why you?re playing real-life Monopoly all wrong, and how rich people think to build wealth even when they?re not working. In This Episode We Cover Habits of the rich that most Americans have no idea about Why you need to STOP saving money and start doing this instead Financial literacy for all and how to start learning the money game even if you think it?s too late Asking for raises, job hopping, and how to start getting paid what you deserve The ONE place you should put your cash that could be making you extra money every month And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Hear Our Last Interview with Vivian on Money and Relationships 5 Habits of the Wealthy That Helped Them Get Rich Click here to check the full show notes: https://www.biggerpockets.com/blog/money-485   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Ho ho ho! We hope you had a holly, jolly, frugal, and festive holiday season. With the BiggerPockets elves off tinkering to make even greater shows for next year, we bring you one of our FAVORITE episodes for an encore! In this show, you'll hear about two VERY late starters who were able to reach retirement right on time! If you think it's too late to retire, think again! ______ Is early retirement possible if you?re dead broke in your 50s? What about regular retirement when you have anegative net worth later in life? If you feel it?s too late to retire, today?s guests are here to prove you wrong. After waking up at fifty with zero dollars to her name, Becky Heptig faced a dilemma?make a change or work for the rest of her days. So Becky and her husband, almost overnight, flipped their lifestyle around and started saving and investing everything they could. Now, she?s retired as a millionaire with complete financial flexibility. Bill Yount wasn?t just worth zero dollars; he had a negative net worth at fifty. Even with a high-paying job, new cars, and a nice house, Bill was miles away from retirement but took the same path as Becky as he aggressively saved and started planning for retirement. Just a few years out from retirement, Bill has millions stashed away, a luxury lifestyle that his investments support, and a boat-sized amount of cash in his bank account. If you think it?s TOO late to retire, you?re wrong. Becky and Bill prove in today?s episode that even if you?re starting late, with NOTHING to your name, retirement is only a decade (or a few years) away. You?ll hear EXACTLY how they retired early when starting from zero, the ?wake-up call? late starters MUST have, and what you can do TODAY to get your retirement planning on track! In This Episode We Cover How to go from broke in your 50s to millionaire (or multimillionaire) in your 60s Lifestyle creep and why a high income is dangerous for most Americans How to reverse your ?spend first, save last? mindset and start investing for your future The ?wake-up call? that caused Becky and Bill to change their financial mindset Whether or not it?s ever ?too late? to retire (and what to do if you?re there) Becky and Bill?s advice for those that are broke in their 40s, 50s, or 60s Why you should NEVER buy a boat  And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab Scott?s Book, ?Set for Life? Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions Click here to check the full show notes: https://www.biggerpockets.com/blog/money-484   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free. All he needed to do was work a little longer, make a bit more money, and intensely invest. That plan went out the window when Andy woke up one day, unable to return to work. The high levels of stress and constant demand from clients got to him. He quit his high-paying job with no plan. Over the next year, Andy did something incredible. Even without a steady paycheck, he built a massive real estate portfolio in just ten months, bolstered his family?s investments, and now, a few years later, in his mid-thirties, hasachieved true financial independence. How did he do it in such a short amount of time WITHOUT a job? His method is one only the savviest of investors would have thought of. In this episode, you?ll hear how Andy bought twenty-one rental properties in under a year, paid just $1,500 in taxes on a $200,000 gain, and was able to move to a more expensive area, retire part-time (by choice), and reach ultimate financial freedom. If you?re stressed at your job and looking for a way out while keeping your investments and bank account intact, this episode is for you! In This Episode We Cover Quitting your job with NO plan and how to ensure you always have the ability to walk away How Andy bought over twenty rental units in just ten months  Avoiding capital gains tax and how to legally lower your taxes DRAMATICALLY Using real estate leverage to get rich and the right way to analyze a rental property Long-distance real estate investing and how to get connected to the best agents, property managers, and contractors in the area The ?part-time jobs? Andy is taking up in retirement (even though he doesn?t have to) And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Turning 9-to-5 Burnout into 24 Doors (in a Year and a Half!) What to Do Before You Quit the High-Pay & Benefits of Corporate World Physician on FIRE?s Tax Loss Harvesting Blogs: Top 5 Tax Loss Harvesting Tips Tax Loss Harvesting with Vanguard Click here to check the full show notes: https://www.biggerpockets.com/blog/money-483   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you turn a TINY side hustle into a full-on income stream? Even more, how do you make your side hustle a multimillion-dollar business that employs dozens of people and gives you the financial freedom to do what YOU?RE passionate about? Today, we chat with Mari Llewelyn, founder of Bloom Nutrition, about her incredible journey of weight loss, financial literacy, starting a side hustle, and growing a HUGE business. Mari?s entrepreneurial journey started long before she decided to make supplements. One day, she woke up and realized she had hit rock bottom. She was the heaviest she had ever been, had no money to her name, zero autonomy, and close-to-no willpower to pick herself back up. After growing tired of relying on her parents for money in college, she decided to get a job at the front desk of a gym. She was making money, and things were starting to improve, but there was one big hurdle left: the weight. In this episode, Mari talks about her incredible journey to losing ninety pounds, how she started selling five-dollar workout programsfor extra cash, and her explosive social media growth that allowed her to build a multimillion-dollar business before age thirty!   In This Episode We Cover Building money skills after being raised in a household where finances are ?taboo?  How to pick yourself up when you?ve hit ?rock bottom? financially and emotionally Turning your social media followers into loyal customers when you start a business Starting tiny side hustles and the EASY way Mari made her first self-employed dollars Paid ads, marketing your product, and the one thing that helped Mari?s business explode Developing products and how to know you?ve made something that customers will love  And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Building a Massively Profitable Business Around Your Passions Click here to check the full show notes: https://www.biggerpockets.com/blog/money-482   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people know that investing in real estate is one of the best ways to reach financial independence, but very few ever take action. Once today?s guest discovered the potential of real estate, however, it became his obsession. Despite starting out on a low military salary, he built a million-dollar net worth in just THREE YEARS! In this episode, we?re catching up with entrepreneur, investor, and repeat guest Jabbar Adesada. Since we last spoke with Jabbar, he has only doubled down on his real estate dream and journey to financial freedom?dabbling in several different investing strategies and teaming up with a partner to get more deals done. Today, Jabbar owns a slew of short-term rentals and long-term rentals, has completed several BRRRR projects (Buy, Rehab, Rent, Refinance, Repeat), and has more than a dozen construction projects in the works. If you want to reach your FIRE goal as soon as possible, tune in to hear how Jabbar used real estate to expedite his journey. He shares how he was able to save up for a down payment with a low income, get his first home loan with almost no credit history, and rapidly increase his income! In This Episode We Cover Reaching financial independence by investing in real estate How Jabbar built a million-dollar net worth in only THREE years Combining multiple real estate investing strategies within your portfolio How to choose the perfect real estate market to invest in Finding a partner and building out your real estate network And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab Your Copy of ?First to a Million? by Dan Cheeks 20-Year-Old Minimum Wage Marine with $850k in Real Estate Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings Click here to check the full show notes: https://www.biggerpockets.com/blog/money-481   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

This eighteen and twenty-two year old are on track to reach financial freedom by the age of thirty. And if you think that you can?t make big money moves because you don?t have the experience, resources, or income to build wealth, think again. These two young adults are on the path to making millions in their lifetime, and if you?re in your late teens or twenties or have children or grandchildren who are, THIS is the episode to watch. First, we talk to Gloria Stonelake, an eighteen-year-old who runs a social media marketing agency on track to bring in six figures in income a year. She?s still technically a high school student but spends almost all her time working on her business, learning leadership, and getting leads for her clients. She ditched the traditional route of getting a diploma, a degree, and THEN a job and skipped right to the money-making part. She has some incredible advice for ANYONE who wants to start their own business, no matter your age! Next, Ben Carver joins us to talk about his high school house-flipping side hustle, how he became a real estate agent before getting his college degree, and the newest house hack he?s set to buy at just twenty-two years old! By thirty, both Ben and Gloria should be financially free, and if you want to hit FIRE in your 30s, 40s, 50s, or 60s, these wunderkinds are two to watch! In This Episode We Cover How to build a six-figure business, no matter your age or experience level Why ditching the college degree may be a smart move for entrepreneurial teens and twenty-year-olds Why your financial background does NOT determine whether or not you?ll hit FIRE Entrepreneurial tips to take and challenges you must prepare for to succeed How to live for free and start building a real estate portfolio EARLY in life The one piece of advice Mindy and Scott wish they could give their younger selves And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Make an Extra $100/Day with These Work-From-Home Side Hustles Is It Time to Give Up on Financial Independence? (Mad Fientist) Join the Sheeks Freaks Click here to check the full show notes: https://www.biggerpockets.com/blog/money-480   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Don?t strive to become rich. Instead, become a ?quiet? millionaire like Tae Kim, the ?Financial Tortoise.? You?ve seen the flashy cars, fancy champagne, and private jets of the online financial ?gurus.? Then, like clockwork, you see these same people lose their wealth, go bankrupt, or disappear from the online world entirely. What happened to them, and where did all the ?riches? go? In today?s show, we talk to Tae about the slow, steady, unsexy way to build wealth and become a millionaire that most Americans will never understand. It?s far less risky than gambling your money away, day trading, or going high-leverage on risky real estate. Instead, you can sleep like a baby every night, knowing you have hundreds of thousands in the bank, millions in investments, and enough money to chase your dreams IF you follow Tae?s advice. Tae?s path to wealth wasn?t complicated, but he did make a handful of money mistakes you won?t want to repeat. Afterpaying off over six figures in debt, Tae now serves as the financial hero we need but don?t deserve, teaching EVERYONE why the slow, quiet way to wealth is the smartest, most sustainable way to truly become ?rich.? If you want to quit your job, do what you love, and live every day on YOUR schedule, stick around! In This Episode We Cover The ?quiet? millionaire and why you want to be wealthy, NOT rich Money mistakes that you should avoid at ALL costs when on the journey to financial independence How much money you should have in the bank BEFORE you quit your job Why so many financial ?gurus? go broke within a few years of acquiring their wealth How to define your ?enough? so you don?t end up working your life away Tae?s unbelievably simple investment advice for those just starting out And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment 10 Life & Money Lessons From Broke Financial Gurus Click here to check the full show notes: https://www.biggerpockets.com/blog/money-479   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you sitting on an amazing business idea? Knowing how to get money to start a business is a critical first step to getting your concept off the ground. While there are all kinds of funding options, you may be able to get FREE moneywith a grant. That?s exactly what today?s guests did! Welcome back to the BiggerPockets Money podcast! Today, we?re chatting with Cheryl Edmundson and Erin Jacobsen from Inclusive GameWerks?a fledgling business that has developed an inclusive pinball controller for people with disabilities. After building the first prototype for a close friend, they realized the device?s incredible potential. So, they went right to work?fine-tuning the design, structuring their business, and, of course, looking for ways to fund their new venture. Before long, they had landed a ten-thousand-dollar grant to get their operation up and running! If you?ve got an entrepreneurial spirit and a great business idea, this is an episode you won?t want to miss! Tune in as Cheryl and Erin show you how to launch a business alongside your nine-to-five job, find your lane in an established market, and get FREE money for your business! In This Episode We Cover How to get FREE money to start your new business How to find, apply, and get approved for a business grant Using grant money appropriately within a for-profit business The best ways to structure your new business Building a business without leaving your nine-to-five Driving your business forward through the power of networking And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Building a Massively Profitable Business Around Your Passions Click here to check the full show notes: https://www.biggerpockets.com/blog/money-478   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

With 2024 right around the corner, it?s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today?s guest is here to help you save as much money as possible! Welcome back to the BiggerPockets Money podcast! Today, we?re joined by certified public accountant and financial planner Sean Mullaney. In this episode, Sean delivers a thorough breakdown of everything you should be doing to lower your tax burden for not only 2023 but also over your entire lifetime. While there are many moves you can make before this year?s filing deadline, you don?t have to make them all at once. Sean shares how most tax moves fall into one of three ?buckets??moves that should be handled urgently, by year-end, or in early 2024. Whether you?re rushing to tie up loose ends in 2023 or looking to maximize retirement savings, Sean offers a variety of helpful tax tips for those in different phases of life. You?ll learn how to reap the tax benefits of donor-advised funds, how to time a Roth conversion, and how to avoid giving the IRS a large interest-free loan! In This Episode We Cover Tax moves to make immediately, by year-end, and in early 2024 New tax-saving strategies to start implementing next year Lowering your total lifetime tax burden with the Roth conversion strategy How to get a tax deduction and avoid capital gains tax with a donor-advised fund The BEST retirement accounts for entrepreneurs and self-employed individuals How to choose the perfect health insurance plan for you in 2024 And So Much More! DISCLAIMER: "The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Scott, Mindy, BiggerPockets, and the BiggerPockets Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services." Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment What You Need to Do NOW to Pay Fewer Taxes in 2024 I?m Over Paying Taxes, So Here?s How I Plan to Significantly (and Legally) Lower My Liability The FI Tax Guy Click here to check the full show notes: https://www.biggerpockets.com/blog/money-477   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous ?Girlboss? in America, Sophia Amoruso. She had no business experience, management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of Forbes. But then, Nasty Gal went bankrupt. What happened? Sophia joins us on the show today to explain it all. She?ll share her full financial story, which included watching her parents go bankrupt, eventually selling her business, and seeing it suffer the same fate. From entrepreneurial mistakesto risks Sophia took that led her to massive financial success, Sophia has seen both success and failure, and she has priceless insight to offer any aspiring entrepreneur or investor. If you want to build a business, invest in one, or start a profitable side hustle, Sophia can help. She?ll also uncover what led to Nasty Gal?s downfall, the pressure ?Girlboss? put on her, and why growing too fast can kill your financial future. In This Episode We Cover How Sophia turned a thrifting side hustle into a nine-figure business  Hiring your first employee and why you DON?T want to over-scale your side hustle Venture capital, investing in businesses, and when you should give up equity Going bankrupt and rebuilding yourself after a financial failure What Sophia is investing in NOW that?s helping her build even greater wealth Advice for new entrepreneurs and anyone who wants to sell online And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Here?s What It Takes to Succeed as an Entrepreneur Building a Massively Profitable Business Around Your Passions Click here to check the full show notes: https://www.biggerpockets.com/blog/money-476   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You want to know how to get rich. But you probably don?t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate. And even as the world?s biggest resource for real estate investors, we get it. The landlord lifestyle isn?t for everyone. Thankfully, real estate isn?t the ONLY way to get rich. There are five other time-tested ways to build wealth that don?t involve 2 A.M. tenant phone calls. In today?s show, Mindy and Scott tag team the five best ways to build wealth without ever buying a rental property.These methods work for almost anyone, no matter how much (or how little) money you make or have in the bank. Some of these methods are more passive than others, requiring just minutes a month to start building wealth, while others can explode your income but require much more time. But we?re not just giving you some experimental investment methods to try. Both Mindy and Scott have used most, if not all, of these methods to become rich themselves, and if you incorporate ANY of these methods into your life in 2024, there?s a good chance by this time next year, you could be way wealthier!   In This Episode We Cover The five ways to get rich WITHOUT investing in real estate  The four ?levers? of wealth you can pull to level up your financial lifestyle ?Boring? businesses and HUGE investment opportunities for those in their 20s, 30s, or 40s Job hopping and why you could be underpaid and overworked at your current role The investment accounts that can expedite your path to becoming a millionaire The super passive investment anyone can use to build massive wealth in the background And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Past Episodes Mentioned in Today?s Show Index Funds Financial Mechanic David Greene (1st Episode) David Greene ?Boring? Businesses Liquor Store Investment Franchising Side Hustles Nick Loper (Side Hustle Nation) Loan Signing Side Hustle Click here to check the full show notes: https://www.biggerpockets.com/blog/money-475   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]  Learn more about your ad choices. Visit megaphone.fm/adchoices

Deep in the forest, a secret financial independence summer camp is being held. Multiple times a year, all across the country, millionaires, financial freedom achievers, and those still on or just starting their FIRE journey meet up for a weekend like no other. Those who have achieved FIRE in their 30s, 40s, and 50s give advice, tips, and tactics to those who want to leave their jobs behind and see what a life of financial freedom feels like. It?s such a can?t-miss event that Mindy and Scott are regulars there too! Of course, we?re talking about CampFI, where you can roast marshmallows, talk about Roths, scheme with other investors on the best way to make millions, or simply meet the financial independence heroes you?ve only seen online. Throughout the year, these camps are held in every corner of the country, and today, you?ll get to hear exactly what happens around the campFIre. For that, we brought on CampFI founder Stephen Baughier to tell us more about this exclusive financial independence experience and his own journey to FI. After a tough wake-up call in his mid-30s, Stephen made it his goal to reach financial freedom, but not on the fast-paced schedule most FIRE chasers think of. Hear how Stephen was able to downsize his life, cut his spending, and have ultimate time freedom without having to work his tail off! In This Episode We Cover The one thing that made Stephen reevaluate his financial decisions in life Downsizing, cutting spending, and how to reach financial freedom faster Advice from millionaires and those who?ve already achieved FIRE CampFI costs, activities, events, and why you MUST attend  Why you can (and SHOULD) slow down your path to FIRE  Scott?s accidental run-in with a fireside cult-like chanting circle And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Past Episodes Mentioned in Today?s Show: Doug Nordman Mr. Money Mustache CampFI Website Click here to check the full show notes: https://www.biggerpockets.com/blog/money-474   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2023 holiday shopping season is here, and you know what that means?gifts, trips, and LOTS of spending. If you love the holiday season but are more into frugal festivities, we have just the episode for you. Whether you're a budget-conscious stocking stuffer or a buy-everyone-an-iPhone gift giver, we've got some simple tips that'll help you save hundreds or thousands this holiday season. To help us build out our list of holiday hacks, we brought on Chris Hutchins from the All the Hacks podcast to give us his best tips for staying on budget this holiday season. From saving hundreds of dollars per person per flight to crazy cash-back browser extensions, how to buy fewer gifts while making everyone happy, and the best board game ever, Chris shares his favorite ways to spend less during the season and his listeners' favorite frugal gifts. Even if you're not much of a holly, jolly, merry type of person, Chris drops some incredible cost-saving knowledge YOU can use at ANY time of the year to keep thousands of more dollars in your pocket! In This Episode We Cover How to save hundreds of dollars on your holiday flights with this one timing hack Why fewer gifts can lead to happier holidays (and how to convince your family of it) Crazy cash-back opportunities and sites that'll reward you for gift-giving How to save 30%-40% on home renovations and repairs using this one coupon website The gifts you can and should buy used (NO ONE will notice) Chris' 2023 holiday gift guide for the frugal gift giver And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment All The Hacks Podcast Give the Gift of Wealth-Building Knowledge with BiggerPockets' Books All the Money Hacks We WISH We Had Known About Cashback Monitor Cooking at Home Crown & Paw (Pet Portraits) DeleteMe Die with Zero Google Flights Google Shopping I Will Teach You To Be Rich Keepa Mercari Outlive Rakuten Saven Deal (Coupons TopCashback Whiskey River Soap Grab Chris? 2023 Holiday Gift Guide Click here to check the full show notes: https://www.biggerpockets.com/blog/money-473   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy Thanksgiving! This Turkey Day, we're giving you an encore of one of our favorite episodes on the money hacks EVERYONE should know about! This was one of our top shows of last year and will teach you how to save better, spend less, and travel for CHEAP! Enjoy! ______ Travel hacks, spending hacks, medical hacks. If there?s one thing that Chris Hutchins has learned from hosting the All the Hacks podcast, it?s that everything is negotiable. You can travel to over sixty countries for (almost) free, outsource your cooking at a reasonable rate and even get free money once forgotten. Chris should know?he?s done all this and more as he works to optimize every aspect of his life, both financially and personally! Chris was hacking at a very young age. In high school, he made a fake magazine so he could score free press passes to concerts. When he was away at boarding school, he would buy whole pizzas and sell them by the slice just to afford a few slices of his own. Then, later when he quit his job to travel the world, Chris and his partner hit over sixty countries, using credit card points to globetrott from South Africa to Singapore! Now, as a father, Chris is more concerned about hacking his time. He?s got kids to take care of and doesn?t want to waste a second of his day that could be spent planning for, or playing with, his children. In today?s episode, you?ll hear some of the most insane life hacks, from hiring a personal chef for a fraction of the cost to getting free champagne at any hotel stay and even snagging twenty to thirty percent off of your dream vacation villa. These hacks work (we tried them in real-time), and you may need a pen and paper to write them all down! In This Episode We Cover Credit card points, travel hacking, and how to get flights for free (or at a steep discount) Outsourcing and delegating everything so you spend more of your time with those who are most important Simple principles for an optimized life and why conventional wisdom is usually out of whack How to get deep discounts off of vacation properties during your next big trip Why you should NEVER cancel a flight until twelve hours before takeoff Where to find ?unclaimed money? you never knew you had (we found some ourselves!) And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment All The Hacks Podcast Apps Mentioned in This Episode: CardPointers Paprika FancyHands Google Flights AutoSlash Amazon Smile Library Extension Cash Back Monitor SavenDeals DeleteMe Click here to check the full show notes: https://www.biggerpockets.com/blog/money-472   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Building wealth, saving money, getting rich?it?s much more straightforward than most people think. You don?t need to be a financial expert or millionaire to know what you should do with your money. But if you?ve found yourself in a spot where saving and investing just isn?t happening or you want to build wealth but don?t know where to start, we?ve got the perfect guest for you! Tiffany Aliche, AKA ?The Budgetnista,? is on track to help more than 300,000 people start their journey to financial freedom with her Live Richer Challenge, following the same steps she took to get out of over $30,000 in credit card debt, fix her trashed credit score, and save and invest her way to serious wealth. In today?s show, Tiffany will talk about the ten steps you can take to go from money mayhem to net worth nirvana so you can build generational wealth, achieve financial freedom, and leave a legacy for your family. If you liked today?s episode, grab a copy of Tiffany?s Made Whole financial workbook that?ll help you get good with money no matter where you?re starting! In This Episode We Cover The ten steps that?ll take you from broke to building a financial legacy  Why you?re budgeting all wrong and the right way to make sure you?re not overspending The EASIEST way to save money every month that will grow your bank account without you even noticing it The different methods to get out of debt and which one makes most the sense for your situation How to take your credit score from the 500s to the 800s with some super simple hacks The one thing you can do right now to start building your retirement nest egg And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment From Financially Perfect to Rock Bottom (and Back Again) How to Teach Your Children About Money Tiffany Aliche?s 10 Financial Components to Become ?Financially Whole? Join the Live Richer Challenge! Click here to check the full show notes: https://www.biggerpockets.com/blog/money-471   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to make $100 a day the easy way? We?ve got the queen of side hustles, Jackie Mitchell, on the show to share the most legit, low-effort, flexible side hustles you can try today to start making money tomorrow. Jackie challenged herself to make $100 per day for the next 100 days as she and her husband work to save up a down paymentfor their first house. She?s documented her entire journey on social media to show the side hustles that are (and aren?t) worth the work. From study groups to surveys, meal-prepping for others, training AI chatbots, and playing piano at events, Jackie has tried dozens of different side hustles so you don?t have to. In today?s show, she shares the best side hustles where you can make up to thirty dollars an hour working entirely from home, the side hustles that trick you into thinking you?re making more money, and how you could start making THOUSANDS more a month while working a few hours extra every day. If you?re trying to save up for a down payment like Jackie, ditch some debt, or want a little extra in the bank, these side hustles could be your first step toward financial freedom. Stick around because Jackie will tell you which side hustles could boost your bank account!   In This Episode We Cover How to make an extra $100 per day with simple side hustles that DON?T require experience The one side hustle Jackie comes back to that offers consistent work and high pay Which side hustles are NOT worth the money and take FAR longer than you think Taxes, 1099s, and how to keep track of your income and expenses when making extra money ?Body mirroring? and how Jackie stays super efficient when doing side work  And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Food Spending Eating Away at Your FI Plans? Here?s How to Eat for Cheap The Most Efficient Path to Financial Freedom With Justin From Saving Sherpa Taking Command of Your Finances by Understanding (& Controlling) Money with Joe Saul-Sehy Side Hustle Websites from This Show Data Annotation Prolific Remotasks Swagbucks Beer Money Subreddit Click here to check the full show notes: https://www.biggerpockets.com/blog/money-470   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Building wealth is about to become more challenging than ever before. High interest rates make many rental properties cash-flow-less, the economy could enter a recession, and many investors could lose their shirts. In times of extreme economic uncertainty, only the financially fit will be able to keep, protect, and build wealth. So, in today?s episode, we?re giving you the steps you need to not only survive but thrive in ANY economy. Who are these steps coming from? David Greene, the waiter turned multi-million dollar property investor who is not only the industry?s leader in real estate investing but one of the most financially savvy people on the planet. When the gurus go left, David goes right, which is how he?s been able to hold on to his wealth EVEN during economic turbulence. Today, David will go over the Pillars of Wealth (also the name of his new book) that you must start building NOW if you want your wealth to last. David even gives some rare commentary on the MOST critical thing you can do to reach financial freedom faster and make more money (hint: it?s not investing in real estate). In This Episode We Cover The three unignorable pillars of wealth that will make you rich BIG shifts in the economy and what happens when this game of ?musical chairs? comes to an end When to NOT invest in real estate and whether or not 2024 is FAR riskier than before The EASIEST way to boost your bank account WITHOUT making more money What to do TODAY to ensure you keep your job, get raises, and grow your income  And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Pick Up ?Pillars of Wealth? and Other Best-Selling David Greene Books Hear David on The ?BiggerPockets Real Estate? Podcast BiggerPockets Forums How to Become an ?Overnight? Success in 10 Short Years with David Greene Bootcamps Click here to check the full show notes: https://www.biggerpockets.com/blog/money-469   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Bar Rescue host Jon Taffer has spent more than a decade finding the most disgusting, poorly-run, money-hemorrhaging bars in America and turning debt-ridden dumps into successful money-making businesses. How does he do it? In today?s show, this hospitality, restaurant, and bar legend will uncover the ONLY reason why businesses fail and the ?secret recipe? for a successful entrepreneur. And even if you don?t own a business or don?t plan on owning one, Jon drops some knowledge that cannot be missed and could turn WHATEVER you?re struggling with in life into a smooth path to success. Jon talks about the over two hundred bars and businesses he?s saved, the biggest mistake the owners are making, and how to get out of business debt if your business is in WAY too deep. Lastly, Jon talks about what makes a successful entrepreneur and gives his most crucial advice for those who are about to launch or have plans to launch a business. Trust us, Jon?s advice could save your entire business! In This Episode We Cover The number one reason why businesses fail and what their owners should do NOW Taking responsibility and why your excuses are STOPPING you from achieving your dreams How Jon and the Bar Rescue team complete bar renovations in just thirty-six hours (seriously!) Screaming, yelling, crying, and how Jon breaks through to failing business owners The ?secret recipe? for a successful entrepreneur and Jon?s biggest piece of advice in 2024 And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment The Main Reason Most Businesses Fail and How to Avoid It Grab Jon?s Books Click here to check the full show notes: https://www.biggerpockets.com/blog/money-468   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule, quality of life, and more. When is changing jobs the right move, and what are the different factors at play? Today, our hosts will show you what to do when faced with such a big decision! Welcome back to the BiggerPockets Money podcast! In this episode, Mindy and Kyle are fielding some of your top questions. In addition to changing jobs, they discuss 401(k) investing strategies?including how to handle accounts from previous employers and how to set up your own solo 401(k)! They also talk about what to expect as a first-time landlord and all of the different tax benefits and liabilities that come along with the job. Plus, what you should do if your tax professional makes a dreaded error. Finally, they offer some timely investing advice that will help you navigate the current economic climate. Amidst inflation and high mortgage rates, should you invest in the stock market, pay off your debts, or go another route entirely? Stay tuned to find out! If you want Mindy and Kyle to answer a money question, you can submit a question here or post it in the Money Facebook Group! In This Episode We Cover Leaving your job for a higher-paying one (and when it?s best to stay put!) How to handle your old 401(k) accounts and set up a solo 401(k) Tax benefits and liabilities you MUST know as a first-time landlord What to do when your tax professional makes a COSTLY error Investing in the stock market versus paying off debt (and how to get the best rate of return) And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment What to Do Before You Quit the High-Pay & Benefits of Corporate World Finance Friday: I Want to Cash Out My 401k Early, Should I? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-467   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you haven?t started your retirement planning yet, you?re not out of luck. Whether you?re in your twenties, thirties, forties, fifties, or sixties, there?s still time to get enough into your accounts so you can walk away from work and live life on your schedule. So, even if you?re starting late, fret not because today, we?ll walk through everything you need to know to get your retirement planning in gear! To help, The Motley Fool?s Robert Brokamp is joining us on the show! Robert, like many of us, started looking into investing when he was too broke to afford what he needed. Afterresearching index funds, compound interest, and basic investing, Robert thought, ?Why isn?t everyone taught this?? This question inevitably led him to become a CFP (certified financial planner), join The Motley Fool, run the popular ?Rule Your Retirement? service, and contribute to the Motley Fool Money podcast. Robert has been helping people reach their retirement goals for decades, and today, he?s here to help you do the same. This money masterclass will go through all aspects of retirement planning, from 401(k) contributions to individual stock vs. index fund investing, when annuities and bonds make sense for your portfolio, the future of social security, and why you may want to start spending MORE money before you retire. In This Episode We Cover Retirement planning 101 and how to get on track even if you haven?t started investing The good, bad, and ugly 401(k)s and how to know which one YOUR company has Individual stock investing vs. index funds for a faster-growing retirement portfolio Inflation-adjusted investments, annuities, and when buying bonds makes sense The BIGGEST regret retirees have once they?re able to leave work The EXACT portfolio Mindy and Scott would build for an ample retirement And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Bill Bengen (4% Rule) FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement by Mark Trautman Learn More from Robert The Motley Fool The Motley Fool Money Podcast Rule Your Retirement Extraordinary Popular Delusions and The Madness of Crowds Immediate Annuities J.P. Morgan?s Guide to Retirement Open Social Security Retirement Planning Module TIPS Watch TreasuryDirect Click here to check the full show notes: https://www.biggerpockets.com/blog/money-466   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

When people hear the term ?passive income,? their minds usually flash to real estate investing. But, taking on real estate debt may not be the best option for you?especially if you have a high-risk financial portfolio. Instead, you might be better off starting a side hustle that brings in extra dough without huge startup costs or a massive time commitment! Kayla is a healthcare sales professional who has just bought her first property?a beautiful townhouse that she plans to house hack with a couple of friends. Although she was able to get a loan with a low interest rate from a private lender, there are several risks involved that keep Kayla awake at night. With a hard deadline to refinance the mortgage in five years and a potential recession looming, Kayla must reassess her five-year plan and determine the most viable path to financial freedom. Fortunately, Scott and Mindy are here to help her out! If you?re feeling a little uneasy about 2024?s recession risk, you won?t want to miss out on the many nuggets of wisdom shared in this episode. You?ll learn the best ways to offset a high-risk portfolio, the importance of building your cash position in case of emergency, and how to supplement your W2 salary with REAL passive income! In This Episode We Cover How to offset high levels of risk in your financial portfolio Supplementing your W2 earnings with passive income opportunities Side hustle ideas you can start with a few hundred dollars (or less!) How to get a low-interest mortgage in today?s housing market Subsidizing your mortgage payment by house hacking The emergency fund you NEED on hand for a worst-case scenario And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper Choosing Side Hustles (& Happiness!) Over Full-Time Employment Making Money From a Legitimate Side Hustle With Mark Wills More Money in Less Time: How to Start a Profitable Side Hustle Click here to check the full show notes: https://www.biggerpockets.com/blog/money-465   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

HGTV?s Heather and Tarek El Moussa have built an empire that any entrepreneur would be jealous of. They?ve collectively flipped over a thousand homes, started syndications with tens of millions of dollars invested, have a TV show that rakes in money for them to flip more houses, AND they do it all while raising a family. And while they?ve created the life they?ve always dreamed of, some unintended side effects have recently emerged that make things less-than-glamorous. We?ll touch on the recent ?drama? in today?s episode, but before we do, Heather and Tarek break down precisely what they did to build the business they own today. And if you?ve ever thought of flipping houses before, Tarek gives invaluable advice on finding deals, hiring (and firing) contractors, why he?s spending more money than EVER before on renovations, and how you too can build a multi-million dollar house flipping business.  But that?s not all. After a recent slew of negative press, Tarek finally breaks the silence on a recent deal gone wrong and gives the story none of the news outlets would share on how he?s handling a barrage of tenant complaints, online harassment, and even death threats.  In This Episode We Cover How the El Moussas flipped over one THOUSAND homes across California Finding house flipping deals and how to see the ?potential? in a hideous home Wholesaling real estate and why Tarek was forced to stop flipping  Why Tarek sees ?rough times? ahead and how YOU must pivot if you invest  On-air ?drama,? how much of it is real and raw, and the effects it has on Heather and Tarek Tarek?s recent deal gone wrong and how he?s doing everything he can to make it right And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Hear Tarek on the ?BiggerPockets Real Estate? Podcast Flipping Houses: How to Get Started and Everything You Should Know Click here to check the full show notes: https://www.biggerpockets.com/blog/money-464   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Teaching your kids about money is one of the most CRUCIAL parts of parenting. So why do so many Americans completely neglect financial literacy for kids? Is it too awkward of a subject? Do parents feel like they don?t even grasp personal finances themselves? What happens if YOUR kid goes into the world with zero money mastery? If you have children, grandchildren, nieces, nephews, or loved ones with kids, THIS is what you MUST teach them. Instead of Mindy and Scott telling you what they taught their kids, Katie Trautman comes on the show to share what her FIRE father taught her about money. You may recognize Katie?s name; her father, Mark, was on the show just a few months ago. Mark was able to retire at age fifty, get Katie through college debt-free, and travel to his heart?s desire. He taught Katie some crucial personal finance lessons many of us never learned. From saving to spending, investing, retirement accounts, and more, Katie goes through some of the top lessons her father taught her about finances before she left the house. Katie is about to start her first full-time job, and with a healthy emergency reserve, full retirement accounts, and the right money mindset, she?ll show you how she plans to retire earlier than her father even though she JUST started working. In This Episode We Cover Financial lessons you MUST teach your children before it?s too late How to fund your child?s college through tax-advantaged investing accounts Allowances and how to entice your child to save more than they spend The ?20%? rule that Katie has ALWAYS followed to set herself up for financial success Why your kids SHOULD know how much money you make, save, and spend The one thing Katie wishes she could change about growing up in a FI family And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment FIRE by 50: How to Have FUN on Your Journey Toward Early Retirement with Mark Trautman Tracy Coenen (Forensic Accountant) Part 1 Tracy Coenen (Forensic Accountant) Part 2 5 Ways to Teach Your Kids About Finance & Investing Click here to check the full show notes: https://www.biggerpockets.com/blog/money-463   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to reach FIRE long before you?re sixty-five? If you make a decent income, invest diligently, and watch your spending, you STILL could fall into the ?trap? most FIRE-chasers find themselves in. By making one BIG mistake, you could be accidentally forcing yourself to work for years or decades longer to finally retire, even if you?ve reached your FIRE number! What ?trap? are we referring to, and how do you ensure you?ll hit FIRE on your schedule? Stick around to find out! Today, we talk to Chris, who works in medical sales and makes an income anyone would be happy to have. He lives in a high-cost-of-living area with a million-dollar home, expensive property and state taxes, and high expenses. But he still saves a solid amount of income every month. What?s he doing with his extra cash? Investing in index funds, generously donating, and?saving to buy into a franchise? This franchise investment could make Chris millions, but there are a few red flags that Mindy and Scott can?t ignore. With a substantial initial investment and a partnership that could be tested at any point, Chris wants to know the best place to deploy his ample capital. Does he go head-first into the franchise, stick with index funds, or build robust retirement accounts? And with a FIRE timeline of ten years or less, how does he ensure he'll have enough money to support his lifestyle? In This Episode We Cover The common FIRE ?trap? that could force you to work for far longer at your job Investing in retirement vs. after-tax brokerage accounts and which to focus on for FIRE How to access retirement funds even earlier if you decide to retire early Investing in a franchise and what you MUST know before you put your money into one The perfect FIRE portfolio and how to allocate your investments to support your early retirement lifestyle Building/buying your forever home and when to put it off to invest And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Accessing Retirement Funds Before Age 59½ with The Mad Fientist Franchises 101: How to Find, Fund, and Profit from Owning a Franchise How to Access Retirement Funds Early Click here to check the full show notes: https://www.biggerpockets.com/blog/money-462   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You want to retire, but you?ve got credit debt, auto loans, and student loans. It feels like every time you get your paycheck, it quickly slips away, and at the end of every month, you?re left in the same position, or worse, than thirty days prior. What?s happening, and why is it SO hard to get out of debt? And will you EVER be able to retire if you keep living this way? Seth Godwin was fired from his job while holding $30,000 in credit card debt. He had no way to pay it off, but somehow, over the next two years, he was able to become debt-free, increase his credit score by hundreds of points, and become one of the internet?s leading financial influencers. After crawling out of debt, Seth began working at a financial institution, looking at car loans, realizing how many people, like him, had been scammed into throwing tens of thousands of dollars away. Now, on the other side of the financial spectrum, Seth is financially flourishing with a steady stream of income, stable investments, and twenty-seven (!) credit cards?but he?s still debt-free! In this episode, Seth will show you EXACTLY how car salespeople are scamming you, how to escape credit card debt confidently, what to do now that student loans are resuming, and why you SHOULDN?T trade in your old car. In This Episode We Cover The common auto loan scams that trick you into spending FAR more than you should Why you should NEVER trade in a ?negative equity? car to upgrade The best car makes to buy (and two that rarely break down) How to crawl yourself out of credit card debt and come out with a 700/800 credit score How much money Seth makes on TikTok every month (it?s WILD!) Student loan resumption and whether college is worth the increase in salary And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Is College Worth It (Part1) Is College Worth It (Part 2) Liz Frugalwoods Tinian Crawford Side Hustle Resources: Side Hustle Nation Budgets Are Sexy Click here to check the full show notes: https://www.biggerpockets.com/blog/money-461   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Will the housing market crash? If you?re like most Americans, the economy is starting to feel a bit unsettling. But, with so many homeowners locked into low mortgage rates or owning their homes outright, is there even a possibility of a housing crash, regardless of whether a recession does happen? The answer isn?t as straightforward as most people think, and if you don?t know the facts, you could get caught off guard. Mindy and Scott are back to answer YOUR money questions. This time, we?re taking questions from our Facebook Group, and MANY have to do with mortgage rates, home sales, and a potential crash. First, we answer what could cause a housing market crash in the near future. Then, a listener asks whether or not they should sell their home to pay off credit card debt. An investor wants to know if paying off their mortgage early beats the stock market, and a divorcee seeks to sell her home because of ?bad juju.? The problem? She?s got a killer mortgage rate. Finally, we?ll debate stocks vs. real estate as the best path to FIRE! Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or click here to submit your question on our next Q&A episode! In This Episode We Cover Could the housing market crash? And if so, which areas will be most affected? Crazy credit card debt and whether selling your home is worth being debt-free Should you stay in a house you hate just because you have a low rate? When leaving your business to go back to a W2 makes sense Paying off your mortgage early vs. investing in stocks when rates are sky-high The fastest path to financial freedom and whether stocks vs. real estate gets you there sooner And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Money and Relationships: How to Have ?The Talk? Before It?s Too Late w/Vivian Tu Seriously?Why Hasn?t the Housing Market Crashed Yet? Should You Pay Off Your Mortgage Early or Invest? I Will Teach You To Be Rich Episode 80 Click here to check the full show notes: https://www.biggerpockets.com/blog/money-460   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Marriage and money are known for mixing like oil and water, but a little financial knowledge will allow you to navigate these sensitive issues with confidence. Today?s guest is an expert on this front and is here to equip you with some future-saving finance tips! Welcome back to the BiggerPockets Money podcast! In this episode, we?re joined by Tracy Coenen, a forensic accountant who specializes in unearthing money shenanigans in marriages. On most days, Tracy works closely with spouses who suspect financial infidelity or that their partner is making financial arrangements in preparation for a divorce. This is a vulnerable position for any partner to be in, but with Tracy in their corner, they can better handle their finances and weather the storm. Whether you?re single, preparing for marriage, or filing for divorce, this episode is loaded with all kinds of personal finance tips that will help you protect your financial future. Tracy shares why it?s critical for all couples to draft up prenuptial agreements before getting married, the biggest warning signs of financial infidelity in a partner, and when you might need to hire a forensic accountant to assist with your marital money problems. Stay tuned until the very end to hear about some of the wildest cases Tracy has worked on over the years! In This Episode We Cover Common marriage and money-related stressors that contribute to divorce When to hire a forensic accountant for your marital money issues The biggest warning signs of financial infidelity or divorce planning Why you and your partner NEED a prenuptial agreement before getting married Keeping legal costs under control during the divorce process How a couple?s finances and assets are typically divided in a divorce And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment What Out for These Financial Infidelity ?Red Flags? in Your Marriage w/ Tracy Coenen Why You?re (Probably) Wrong About Prenups w/ Aaron Thomas Money and Relationships: How to Have ?The Talk? Before It?s Too Late w/ Vivian Tu Getting Financially ?Naked? with Your Significant Other w/ Erin Lowry Connect with Tracy and Get $100 Off Your Divorce Money Guide Click here to check the full show notes: https://www.biggerpockets.com/blog/money-459   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

What if one part-time side hustle could replace your entire income? Even better, what if you could keep your full-time job and spend a few hours a week making thousands extra a month, raking in cash, and reaching financial freedomfaster? If you?re today?s guest, Ryan, then this is the situation you find yourself in. Don?t know which super lucrative side hustle we?re talking about? Stick around because you may have never thought of it before. Ryan works full-time as a registered nurse in one of the most expensive areas of the country, Northern California. He?s made some ingenious money moves that allowed him to quadruple his income in just four years and live close to free every month in his own house. But, with a baby on the way, Ryan?s lucrative house hacking lifestyle may be coming to a close, and he?s debating what to do next. Should he pay off student loans, buy another home for his new family, stay in his current property, or expand his successful side hustle? The good thing is that any of these moves could make Ryan richer, but he?ll be strapped for time with a sixty-hour-per-week working schedule and a newborn requiring constant attention. So, what?s the best money move to make for his future family? And should he go all-in on this wild side hustle that could make him even more than his job? In This Episode We Cover Ryan?s unbelievably profitable side hustle that almost anyone can start NOW House hacking 101 and how to live-mortgage free every month When paying off debt DOESN?T make sense (and what you should do with the money instead) Investing in real estate vs. your side hustle and why mortgage rates have changed the game Buying businesses from retiring baby boomers and the HUGE opportunities out there How Ryan quadrupled his salary in just four years (without burning out!) And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Alex Hormozi on The ?Weak Links? That Will Make Anyone a Millionaire Leila and Alex Hormozi?s Unbelievably Simple Investing Advice Codie Sanchez: These ?Boring Businesses? Will Make You Rich How to Make Extra Money in 2023: 21 Ideas for Part-Time Gigs & Side Hustles Passive Income, Aggressive Retirement Click here to check the full show notes: https://www.biggerpockets.com/blog/money-458   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Vivian Tu, AKA ?Your Rich BFF,? is the internet?s expert on money and personal finance. She was doing schoolyard trades before she worked on Wall Street, and now, as the host of Networth and Chill, she talks about the much more profound aspects of finances. Stuff like love, marriage, happiness, and when to ditch another date with someone who could put you in financial ruin. Americans tend to think with their hearts and less with their heads when finding love. The problem with that logic? Money is usually the single-largest reason for divorce, so if your partner doesn?t have their money right, your relationship could be rocky. So, how do you know from the jump if someone is financially savvy enough to build your life with? And, if you already have a partner, what do you do if they?re not in the financial spot you need them to be in? In this episode, Vivian walks through the financial red flags you should look for on a first date, questions to ask to see how a potential partner is doing financially, the BIGGEST money mistake in relationships, and how to start financial planning together so you can live a happier, healthier, and wealthier life. In This Episode We Cover The biggest money mistake that most couples make (and how to fix it NOW) Money questions to ask on a first date (they won?t know you?re asking about money...) The mandatory ?money date? that Vivian and her partner regularly have Make a change or break up? What to do when your partner isn?t on the same financial path as you Financial planning as a couple and accomplishing your biggest financial goals together And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Amanda's Instagram Amanda's Website Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment 16 Money Skills They Didn?t Teach You in High School Divorce: The Biggest Marriage and Money Mistakes to Avoid Smart Money Mamas? Emergency Binder Click here to check the full show notes: https://www.biggerpockets.com/blog/money-457   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Many real estate syndications are facing absolute failure in 2023. But, even if you aren?t investing in any, this could be a learning experience like no other to help you build your wealth in the future. If you?ve never heard of a real estate syndication before, here?s a quick summary: a real estate syndication is where an ?operator? raises money from a group of investors to buy a large commercial property, often an apartment complex, self-storage facility, or housing community. Over the past ten years, these investments have boasted massive profits, but everything is about to change. Real estate syndications face obstacles like they never have before. Rising interest rates and vacancies, a backlog of evictions, plummeting prices, and inexperienced operators who have NEVER been in a down market. These failed deals could lead to opportunities for you to invest at a massive margin, but how do you know which deal is worth putting money into? J Scott, world-famous investor, flipper, syndicator, and author, is on the show to explain exactly what to look for in a syndication, whether investing now is the right move to make, and what to know before investing in a syndication. The right syndication can make you hundreds of thousands in a completely hands-off, passive investment. The wrong syndication can tank your entire net worth. How do you know which is which? Tune in!   In This Episode We Cover Syndication investing explained and whether putting money into this ?passive? investment is worth it The commercial real estate crash and why property values are plummeting Massive economic headwinds syndicators face in 2023 and why many won?t survive The danger of ?floating rates? and why many syndicators could be forced to sell Accredited vs. non-accredited investors and who should consider syndication investing The most critical question you should ask ANY syndicator   And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab the Best-Selling Real Estate Books by J Scott Syndications: Everything You Need to Know BEFORE You Invest The Biggest Crash Imaginable is Coming For Commercial Assets REITs: How to Make Real Estate Money WITHOUT Owning Rentals w/Jussi Askola  Click here to check the full show notes: https://www.biggerpockets.com/blog/money-456   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]   Learn more about your ad choices. Visit megaphone.fm/adchoices

Want passive income? Well, DON?T invest in rental properties. Buy REITs (real estate investment trusts) instead. Yes, you read that right. Although rental properties are a phenomenal way to build wealth and cash flow and pay fewer taxes on your income, they aren?t the most ?passive? type of investment around. Between the 2 AM tenant phone calls, leaky toilets, evictions, and common headaches of owning a house, rental properties might not be worth the extra incomefor most Americans. But REITs probably are. REITs are traded on the stock market just like your favorite index fund. The difference between REITs and traditional stocks? REITs let you buy a share in a large landlord company, which passes their income down to you via dividends and often an appreciating share price. And now, as many commercial real estate values are dumping, top REITs could be selling at a HUGE discount. So, how do you start investing in them? We brought Jussi Askola on to help. Jussi runs Leonberg Capital, where he consults with some of the largest REITs in the world. He also writes the ?High Yield Landlord? newsletter for Seeking Alpha and is arguably the world?s most up-to-date REIT expert. In today?s episode, Jussi gives you a top-to-bottom breakdown of REIT investing, who should (and shouldn?t) invest in them, how to know whether one is worth buying, and why rentals PALE in comparison to the passive income REITs provide. In This Episode We Cover REITs vs. rental properties and why one beats the other on profit and passive income potential How to make TRULY passive income by investing in REITs today Private vs. public REITs and which are safer, easier to exit, and provide better returns  The MASSIVE REIT discount in today?s stock market and which companies are worth investing in REIT industries to avoid in 2023 that may continue to see their prices drop And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Connect with Scott on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Passive Income (Without the Properties!) by Investing in REITs w/Matt Argersinger What Are REITs And How Can You Invest In Them? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-455   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Tyler and Jenna need to know how to retire in ten years or less so they can spend less time working and more time with their family. The problem? They?re spending more than $10,000 monthly in expenses, and even with a high salary, that hurts their bottom line. But, a bigger problem to take care of is the six-figure savings sitting in their bank account, not bringing them any closer to becoming financially free. So, what should they do next? Today, Mindy is joined by her husband, Carl, as these lucrative lovebirds advise a young couple who just had their first child and are looking to speed up their early retirement timeline. Tyler works in finance, taking home a stable income, and Jenna runs her own business that?s still expanding. They want to increase their incomes, invest more, and move closer to early retirement, so where do they start? With three FI-friendly investment options?index funds, short-term rentals, and syndications?Tyler and Jenna can use any (or all) of these to multiply their wealth. But, one of these options poses a substantially bigger risk than they may think, and Mindy and Carl feel that they MUST warn this couple about it before they pull the trigger. If you dream of hitting FI in a decade or less, this episode can help you get there! In This Episode We Cover How to hit financial independence in ten years or less (and what to invest in) Tracking your expenses and categories you may want to cut out of your budget Syndication investing 101 and why now may NOT be the time to invest in passive deals Private money lending and becoming the bank for active real estate investors Buying a short-term rental and how to ensure it?ll actually turn a profit Index funds for early retirees and the easiest way to make your money grow  And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment The Best Alternative Investment No One Knows About Syndications: Everything You Need to Know BEFORE You Invest Making $2,000/Month with Etsy Printables Click here to check the full show notes: https://www.biggerpockets.com/blog/money-454   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial trauma is an extremely common roadblock on the journey to financial freedom. In fact, most people deal with this issue on some level, even if they aren?t aware of it. Whether your trauma patterns stem from your parents?relationship with money or an instance of financial abuse, know that there?s light at the end of the tunnel! Welcome back to the BiggerPockets Money podcast! Today?s guest is Shannah Game?author, entrepreneur, certified financial planner (CFP), and host of the Everyone?s Talkin? Money show. Shannah would be the first to tell you that her relationship with money has been far from perfect. Having grown up in a family where money decisions were always heavily scrutinized, Shannah has worked hard to not only address her own deep-rooted money trauma but also help others overcome similar traumatic patterns in their lives. If your negative experiences with money are preventing you from achieving your financial goals, tune in as Shannah shares her expertise on an issue that is sorely overlooked today. In this episode, you?ll learn how to name and work through your unique money trauma, avoid your biggest money triggers, and get back on the straight and narrow toward financial freedom. You?ll also learn the most common signs of trauma to look for, as well as practical exercises you can use to get your financial fear under control! In This Episode We Cover The most common signs of money trauma to look for in your own life How financial trauma is passed down through multiple generations Two questions you MUST ask to uncover the root cause of money trauma Working through money trauma patterns to reach your financial goals Exercises to practice when experiencing a traumatic money-related event Why you NEED to talk about finances with close friends and family members And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How to Use Your Financial Fear to Build Wealth Better w/Farnoosh Torabi Breaking the Taboo of Talking About Money with Friends, Family, and Bosses w/Erin Lowry Download Shannah?s FREE Guide, ?10 Money Questions to Ask Yourself Right Now? Tune in to the ?Everyone?s Talkin? Money? podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/money-453   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you?re new to personal finance, investment accounts can seem complicated. The terms, the lingo?HSA, Roth, IRA, 401(k)?these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you?re asleep. So, how do you get started? Tune in; we?ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today?s episode, we?ll touch on the common accounts you?ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible. And whether you?re just starting your retirement journey in your 40s, 50s, or 60s, or you?re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course, you?ll get EVERYTHING you need to know about investing and retirement accounts from this episode. In This Episode We Cover Retirement accounts explained and how to lower your taxes with 401(k)s and Traditional IRAs The ?triple-tax benefit? account that most Americans don?t even know exists How to turn taxable income into tax-free charitable contributions in retirement The savings account that will pay you solid interest JUST to park your money  What to do if you?re a high-income earner and don?t qualify for tax-advantaged accounts Highly-advantaged niche retirement accounts like the 401a and 457(b) that you might have access to And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment From ?Bad with Money? to Intentional Saving and Spending with Jamila Souffrant Starting From $0 at Age 35 as a Teacher and Becoming ?The Millionaire Educator? Click here to check the full show notes: https://www.biggerpockets.com/blog/money-452   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

This ?financial order of operations? could be your ticket to financial freedom. If most Americans followed these steps, they would find themselves debt-free, with full retirement accounts, passive income, and ?wealth-accelerating? investments that only top-income earners can access. But you don?t need to make hundreds of thousands of dollars a year to follow this ?Stairway to Wealth?; you just need to follow these steps! Andrew Giancola from The Personal Finance Podcast built the ?Stairway to Wealth? after realizing that the common wealth-building plans, like Dave Ramsey?s ?Baby Steps,? wouldn?t fit most people?s lifestyles. Instead, Andrew worked to develop a system that almost anyone could use, one that was tailored to TODAY?s financial environment and gave people more of a choice when it came to their investments. Following this nine-step plan, you can go from low cash and high debt to debt-free, financially safe and secure, and invested for your future. Whether you?re starting on step one or step nine, this type of financial framework can make financial independence and early retirement MUCH easier. In This Episode We Cover The ?Stairway to Wealth? financial order of operations ANYONE can use to build wealth  Emergency reserves and why the ?$1,000 standard" amount ISN?T enough Roth IRAs, 401(k)s, and which retirement accounts to invest in Paying off debt and which interest rate is worth tackling first The ?wealth accelerators? that boast massive returns but with higher risk The ?super retirement account? that most Americans don?t know about And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Learn from Other Real Estate Investors on the BiggerPockets Forums Start Your Real Estate Investing Journey with the ?BiggerPockets Real Estate? Podcast Are Dave Ramsey?s 7 Baby Steps Overrated Master Money The Personal Finance Podcast The ?Stairway to Wealth? Andrew on BiggerPockets Learn more about your ad choices. Visit megaphone.fm/adchoices

The fear of Job loss has become real for most Americans. And if you?re falling into the ?middle-class trap,? a sudden loss of income could be even more severe. After the recent tech layoffs of 2022 and 2023, businesses outside of the Silicon Valley bubble are starting to feel the effects of higher interest rates and lower consumer spending. But what happens if YOU?RE the one who?s getting laid off? Will you be able to pay the bills? How much of a severance package can you expect? And what moves should you make NOW to get ahead? Mindy and Scott are taking questions directly from listeners to put YOU in the best financial position possible. On this show, you?ll learn what to do AS SOON as you hear about layoffs in your company, how much you could get paid for severance, and why you CAN NOT rely on unemployment for everything. Next, we hear from a high-income earner who can?t get out of debt and is stuck in the ?middle-class trap.? For those with too much cash on their hands, Mindy and Scott get into investing in syndications, plus what to do if your house bills are slowly eating you alive. Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or click here to submit your question on our next Q&A episode! In This Episode We Cover What to do if you get laid off and how to start making income ASAP Severance packages and questions you NEED to ask your employer if you lose your job The ?middle class trap? that high-income earners get stuck in Syndication investing 101 and when to RUN away from a potential investment What to do if you?ve "bought too much house? and payments are putting pressure on your finances Unemployment income and why you CAN?T rely on it to pay for your life Why EVERYONE needs a side hustle to survive (yes, even YOU!) And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Syndications: Everything You Need to Know BEFORE You Invest Want More Syndication Info? Email Scott Check Out Mindy?s ENTIRE 2022 Budget Surviving a Layoff: What HR Wants You to Know Click here to check the full show notes: https://www.biggerpockets.com/blog/money-450   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

People spend much of their lives grinding to Coast FI, but the truth is that you?re only ever one big financial swing from achieving your FI goals much faster. Despite starting out with very little, today?s guest was able to break the cycle and reach her Coast FI goal in just four years. In this episode, she shares the blueprint for her ?overnight? success! Welcome back to the BiggerPockets Money podcast! Today, we?re speaking with finance guru and real estate investorAmberly Grant. Amberly didn?t come from wealth. Growing up, her family never owned a home or had enough money to afford simple repairs. But, at fifteen, she discovered the book The Wealthy Barber, which ignited her love for finance. After several failed business ventures and a late start to college, Amberly discovered the power of real estate investingin 2019. House hacking covered her mortgage each month, and keeping her expenses down allowed her to save most of her income and buy more properties. In this episode, Amberly demonstrates just how quickly things can swing in your favor with a little financial knowledgeand hard work. Comfortably Coast FI, Amberly now works from home, manages her real estate portfolio on the side, and spearheads FinTalks?a segment of the FIRE community that discusses important finance topics each week. Tune in to learn how she doubled her W2 income, saved eighty thousand dollars in one year, and made her husband wife-FI! In This Episode We Cover How to fast-track your journey to financial independence Reaching Coast FI in as little as four years with real estate Eliminating your mortgage payment through the power of house hacking Increasing your income through W2 raises and HUGE property cash flow Reducing your monthly expenses and supercharging your savings And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How This Teacher Squashed $20K in Credit Card Debt and Hit Coast FI by 32 w/Yanely Espinal Join the FinTalks Community Today Click here to check the full show notes: https://www.biggerpockets.com/blog/money-449   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to invest $10K, $25K, $50K, or even $100K? The average American household has $41,600 saved. While that?s a decent chunk of cash, it?s not working very hard for you by sitting in a savings account, is it? Fortunately, there are all types of ways to invest that money and grow your nest egg much faster! Welcome back to the BiggerPockets Money podcast! In this ?sequel? to our $100-$5,000 episode, we?re looking at ways to invest a much larger amount of money?$10,000-$100,000. Scott and Mindy are joined by guest hosts Kyle Mast and James Dainard, who share their own expertise on where to allocate your capital. Even with the diverse perspectives, all of our hosts agree: don?t just sink your money into your primary residence or fancy car and call yourself a millionaire! The moves you make today could determine your financial future. Stay tuned as our hosts offer active and passive investing ideas to consider, depending on your risk tolerance. You?ll also learn how to get one-hundred percent financing for real estate deals, ways to build (or buy!) a profitable business, and essential tax planning tips at various income levels! In This Episode We Cover The best ways to invest with $10,000, $25,000, $50,000, or $100,000 Active and passive investment opportunities at every level How to build a nest egg that allows you to live off passive income in retirement Getting one-hundred percent financing for a house flip through hard money and private money How to start and build a profitable business with zero startup costs Strategic tax planning tips to consider at different income levels  And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Kyle?s Website Clarity Financial Kyle?s Twitter James on BiggerPockets James's Website Grab Scott?s Book, ?Set for Life? Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment The Beginner?s Guide to Investing (Start with Just $100!) Codie Sanchez: These ?Boring Businesses? Will Make You Rich How to Build Yourself a 6-Figure Income Stream Click here to check the full show notes: https://www.biggerpockets.com/blog/money-448   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices