BiggerPockets Money Podcast

Starting your first or next business?This episode is for you. Today, we’re bringing you everything you need to know aboutsmall business taxes for beginners. Whether you’re a soloentrepreneur, partner,landlord, house flipper,Airbnb host, or something in between, you MUST know about these tax laws before you start making money with your own business becauseif you get them wrong, you could be paying a MASSIVE penaltycome tax time. You could save yourself thousands, or TENS of thousands, just by tuning in! Brandon Hall, CPA, runs a real-estate-focused tax and accounting firm for big and small real estate investors. But, even if you’re not investing in real estate, these tax tips also apply to YOU. In today’s episode, we threwdozens of hard-hitting tax questions at Brandonso you know what to do withyour next side hustle or full-blown business. We’ll discusswhether you need an LLC, the real benefits of getting one, and which business entity (LLC, S-corp, C-corp, etc.) makes the most sense for your specific business and tax needs. Making money on your own but NOTpaying quarterly taxes? This could cost you BIG, but thankfully, Brandon goes through exactlyhow much you could owe. And if you want to owe less to the IRS, we’ll give examples oftax deductionsplus, which are NOT worth it and could put you at aBIG audit risk. Need a tax professional for your small business? Find one for free withBiggerPockets Tax and Financial Services Finder! In This Episode We Cover Self-employment and small business taxes for beginners Whether or not you need an LLCand why most real estate investors have this all wrong Estimated taxesand theMASSIVE penaltyyou’ll pay if you forget about this Tax deductionsand theaudit red flagsthat the IRS is looking for The differentbusiness entitiesyou can start and which has thebest tax benefits The three things you NEED toset up an LLCand the most critical one beginners forget “SALT” taxesand why thoseselling goods in different statescould owe even more AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders How to Obtain Real Estate Professional Tax Status Hear Past Episodes with Brandon: BiggerPockets Real Estate 196 - LLCs, House Hacking, and Saving on Taxes with Brandon Hall BiggerPockets Real Estate 269 - How the New Tax Code Affects Your Real Estate Investments BiggerPockets Real Estate 934 - How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking) On the Market 96 - The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of On the Market 165 - Year-End Tax Updates, New IRS Interest Rates, and URGENT News for LLCs On the Market 187 - 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) 00:00 Intro 01:42 Do You Need an LLC? 02:01 Different Business Entities 09:29 3 Steps to Set Up an LLC 16:49 KEY Dates to Know 19:14 Estimated Taxes 25:48 The “SALT” Taxes 31:56 Tax Deductions and Audit Red Flags 44:22 Claiming Passive Losses Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-528 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Think it’s too late forearly retirement?Do you feel like just because you’re in yourlate thirties, forties, or fifties, FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds byretiring over fifteen years early, all whileraising her daughteron her own andwithout a six-figure salaryto sail her swiftly to a million-dollar net worth. Plus, she did all of it with no investing experience. IfJackie Cummings Koskican do it, so can you! Jackie grew up in a single-parent household. Herfather worked hard to support her and her five siblings. This instilled a strong work ethic in Jackie and made her realize that running towards hard things, not away from them, was the true path to success. She figured out college on her own and, shortly after,landed a corporate jobthat took her far away from the small town she grew up in. She got married and had her daughter, but then everything changed. Jackie was getting divorced, forcing her to rely on herself fully for her financial future. In true Jackie fashion, she took this as a challenge andbegan educating herselfas best as she could. Through smart saving, spending, andlife-changing investing decisions, Jackie built her wealth in record time,reachingfinancial independencejust ten years after finding theFIRE movement—all without any advantages! In This Episode We Cover How to reach financial independence without a high salary, inheritance, or advantages Stock investing 101and how intentional investing can explode yournet worth Why you mustmax out THESE investment accountsto be richer in retirement How Jackie spends just $40,000 per yearowning her own home and raising her daughter Whyyou DON’T have to follow all the traditional FIRE rulestoretire early AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Money Podcast 154 - Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More Email Mindy for the Full 4% Rule Article! Money Podcast 344 - Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions Resources Mentioned in This Episode: Better Investing Root of Good Mr. Money Mustache Mad Fientist 1500 Days 00:00 Intro 01:14 FIRE at 49! 02:50 Making Money in Retirement 06:11 Early Years, College, and Getting Divorced 11:21 Working Her Way Through College 15:06 Getting Hired After College 15:50 Starting to Learn About Stocks 20:02 Finding the FIRE Movement 26:54 Spending and Saving 36:01 Jackie's Podcast and New Book! 38:20 Connect with Jackie! Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-527 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Personal finance doesn’t have to be complicated.Saving,investing, andretiring earlyshouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re doingpersonal finance for beginners FAQ episode,where we take some of the most common money questions and answer them for you so you canstart building wealthandget closer to financial independence! Many of these questions come directly from theBiggerPockets MoneyFacebook page, where you can ask your money questions 24/7! First, we answer, “How many bank accounts should you have?” and walk through exactly how we split up our money. If you’re looking to start building wealth, we touch on the numerousways toinvest in real estate, from basic beginner investing strategies to purely passive income-generating expert tactics. How much money do YOU need to retire?With the 4% rule, you can calculate it in seconds! We’ll explain this common money metric early retirees love to use and whether or not it still works in 2024. If you’re close to early retirement, should you startselling your investments to fund yourfinancial freedom?We’ll share why most early retirees never need to sell their stocks, and speaking of stocks, we’ll also get intohow to pick stocksand when to sell them! In This Episode We Cover Thebeginner money questions that you must have answers toif you want to build wealth How many bank accountsdo you REALLY need, and Scott’s 3-account-setup Beginner and expert strategies tostart investing in real estate(evenwith little money) The 4% ruleexplained, and how much money you actually need to retire How to pick stocksand whether or not index fund investing is a smarter move to make Withdrawing moneyfrom your accounts when you finallyreach financial freedom AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Grab Your Copy “The House Hacking Strategy” Past Episodes Mentioned in Today’s Show: BiggerPockets Real Estate 136 - Shawn Holsapple BiggerPockets Money 35 - Craig Curelop BiggerPockets Money 120 - Michael Kitces BiggerPockets Money 151 - Tony J Robinson BiggerPockets Money 153 - Bill Bengen Forbes: What Is The 4% Rule For Retirement Withdrawals? Secret IRS Rule 72(t)! | Eric Cooper Shares Early Withdrawal Hack! 00:00 Intro 01:14 How Many Bank Accounts? 07:04 Ways to Invest in Real Estate 16:25 The 4% Rule Explained 23:36 Selling Investments to Retire Early? 30:28 How to Pick Stocks Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-526 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cryptocurrencyenthusiasts can’t fathomwhyBitcoinwill fail. If you tell them that you’re not investing in Bitcoin or other cryptos, they look at you like an uneducated investor, asheep following the crowdwithout thinking for yourself. The promise of Bitcoin is so great that you’d have to be an outright fool to deny it, and anyone who refutes the future golden age of a decentralized society is simply mistaken and is only coping with theoncoming collapse of fiat currency and Western civilization. The problem with that theory?None of it is grounded in reality.Today, BiggerPockets CEOScott Trenchis going to prove it. Afteryears of research on Bitcoin, theblockchain, and cryptocurrency as a whole, Scott has come to a simple conclusion:Bitcoin isn’t worth it. In fact, Bitcoin may be worth, unsurprisingly, nothing! But before all you Bitcoin maximalists come out of the woodwork, claiming we’re forever bullish onindex fundsandreal estate, hear out Scott’s argument. Scott will explainthe case for Bitcoinand whyits end goal is actually quite altruistic. However,five fatal flaws will stop Bitcoin from ever becoming a world reserve currencyor replacing fiat money. Besides its fatal flaws, Bitcoin isn’t a foolproof cryptocurrency by any means, and we’ll prove it! Finally, Scott gives hisBitcoin price predictionand his recommendation if you do want to hold some Satoshis. In This Episode We Cover The rational investor’s case against Bitcoinand why it’s NOT an investment Thereasons why Bitcoin could change societyfor the better (but probably won’t) Five fatal flaws of Bitcointhat will stop it from ever taking over fiat currency How adoptingBitcoin could lead to a crashing economywith no growth Theblockchain’s big problemsand proof that the world isn’t ready to adopt cryptocurrency Scott’s long-term Bitcoin price predictionthat will shock Bitcoin maximalists AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders BiggerPockets Money 371 - Bitcoin: Investing Fad or Final Bullet to Fiat Currency? w/Saifedean Ammous Everyone’s Talking About Cryptocurrencies. Should You Invest? 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate 00:00 Intro 02:16 The Case FOR Bitcoin 09:51 5 Fatal Flaws of Bitcoin 14:29 Bitcoin is NOT a Perfect Crypto 21:46 The Blockchain’s Big Problems 26:58 Bitcoin Price Prediction 28:48 What if Bitcoin DOES Take Over? Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-525 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to be a millionaireorbuild a businessthat brings in seven figures? Want generational wealth and to be debt-free? Want to know that you have enough money to take big risks while still keeping your bank account safe? If so, you need tostart thinking like the richto begin building wealth the same way they do. “That may be easy for you to say, you host theBiggerPockets MoneyPodcast!” Well, don’t take it from us; take it fromMarc Russell. Marc grew up without advantages. He was infoster carefor as long as he could remember, bouncing from house to house until finally, atage thirteen, he was adoptedby parents with a strong, valuable work ethic. When Marcwent to college, hehad no moneyto pay for it, so he fought tooth and nail with the financial aid office tofind scholarships, loans, or anything that could help him graduate. He was evenkicked out of school once over not being able to pay a $900 fee! But this taught Marc how the system worked and eventually led to him landing a job at every FIRE chaser’s favorite place,Vanguard! Once Marc startedhelping the rich manage their money, he looked in the mirror and asked, “Why aren’t I doing these things?” Thus, he began imitating the investing tactics of the rich, budgeting for financial freedom, and investing everything he could, even if it meant a slower path to being debt-free. Now, Marc runsBetterWallet, helping everyday people start building generational wealth, no matter their circumstances. In This Episode We Cover How to copy the rich so you canbuild wealthno matter your upbringing Student debt, side hustles, and how tomake it through college with little money Why you MUST save a largeemergency reservebefore you start working for yourself Investing vs. paying off debtand why the unconventional choice may be the best one Budgeting for your businessand ensuring you have enough money before leaving your W2 AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders BiggerPockets Money 329 - From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street BiggerPockets Money 485 - How to Start Thinking, Acting, and Investing Like the Rich w/Vivian Tu Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-524 Learn more about your ad choices. Visit megaphone.fm/adchoices

Is a six-figure salary enough to achieveFIRE?If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but withinflationeating awaymost, if not all, ofyour paycheck, what do you do? If you want to reach early retirement, do you need a massive salary to save you from the high cost of rent, food, gas, and other everyday essentials? Or,can you easily retire with a $100K/year incomeif you make the right moves? Let’s find out! Today,ScottandKyleare reviewing some of the hottest headlines in the world of personal finance and giving you their honest opinions. First, we talk aboutwhether or not a six-figure salary is enough to achieve the“American Dream,” and if it isn’t, what YOU can do to make the most of that money. Then, we venture to a debate that everyone has an opinion on:should you withdraw from your retirement reserves to buy your first primary residence?Is this a smart money loophole or a move that could cost you in the long run? How much do you need to retire?According to Americans, the figure is close to $1.5M, but is thisactuallyhow much a smart saver or spender would need? Plus, we talk about the one generation on a surprisingly great track to wealth in retirement (it’s NOT the boomers!). Finally, are you fed up withguilt tipping? Don’t want to pay an extra quarter of your bill every time you go out to eat? Join the club because we’re discussing howtipping is getting out of control. In This Episode We Cover Whether or not a $100K/year income is enoughto achieve the “American Dream” Using retirement funds to pay for your primary residence(when NOT to do this) How much Americans need to retire, andways to retire with even less The onereal estate investmentANY young American should be making today Whyyounger generations are on track to retire richand achieve FIRE Tipping cultureand what percentage we press when the payment screen turns around AndSoMuch 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 Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Grab the Personal Finance Classic, “Rich Dad Poor Dad” BiggerPockets Money Podcast 344 - Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions Articles from This Episode: $100K/Year Withdrawing from Retirement How Much to Retire Gen Z’s House Hacking Guilt Tipping Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-523 Learn more about your ad choices. Visit megaphone.fm/adchoices

Moving is hard. But could relocating to a low-cost-of-living area help you lead a more fulfilling life and achieve financial freedom? As today’s guest came to find out, the benefits of living in an affordable area often outweigh the glitz and glamor of a big city! Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Allison Irby Vu, a financial planner who made a huge cross-country move in pursuit of a better financial future. With roots planted in Washington, D.C., Allison hadn’t considered moving until she stumbled across a program that offered her $10,000 to relocate to Tulsa, Oklahoma! Little did she know that this MAJOR life change would not only improve her financial situation but also allow her to spend more time with her son and tight-knit community. In this episode, you’ll hear all about Allison’s journey from her hometown to Tulsa. She shares how she went from living paycheck to paycheck (despite earning close to six figures!) to having an abundance of time and money for the things she values most. Allison also highlights the pros and cons of living in an area like Tulsa and how remote workers can plan their next big move! In This Episode We Cover How to reach financial freedom by moving to a low-cost-of-living area Getting PAID to move to a more affordable city (and how to qualify!) How to pay off large amounts of debt as quickly as possible Creating a budget that allows you to spend money on the things you value How to take FULL advantage of your remote job (and live anywhere in the world!) The biggest pros and cons of moving to an area like Tulsa, Oklahoma 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders BiggerPockets Money 11 – Designing a Frugal But Luxurious FI Life by Age 32 BiggerPockets Money 500 – FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More! Learn More About the Tulsa Remote Program Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-522 Learn more about your ad choices. Visit megaphone.fm/adchoices

Couldreal estate investinghelp you reachfinancial freedommuch sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able toquit his W2 job, pivot to real estate, and fast-track his journey toFIRE! Today, we’re chatting withtechnology instructorturnedfull-time real estate investorKeith Nugent. After askydiving accidentrendered him unable to perform his previous job duties, Keith knew he needed a new path tofinancial independence. Fortunately, he discoveredreal estateat theperfecttime. Taking advantage of the fallout from the2008 housing market crash, Keith started loading up onrental properties—often buying them for pennies on the dollar. In justtwelve years, he had not only achieved his goal ofthirty cash-flowing units by 2020but also added an additionalten units to his portfolio! Thanks toreal estate, Keith now has a career that fully accommodates his disability and will allow him toretire early. In the meantime, he enjoys his newfoundfinancial freedombytraveling the worldand spending time with hisFIRE-bound friends. In this episode, Keith offers practical tips on how tostart investing in real estate—fromchoosing your marketto buying yourfirst rental propertyand more! In This Episode We Cover How Keith became afull-time real estate investorafter a tragic skydiving accident How toreplace your W2 incomeand achievefinancial freedomwithreal estate Whytimeinthe marketis MORE important thantimingthe market How to determine how muchcash flowyou need to support yourretirement Why you NEED anestate planand how to decide whoinherits your assets AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Money Podcast 330 - The Ultimate Teen Money Hack for Parents Money Podcast 397 - Estate Planning, Wills, & What to Do NOW to Protect Your Heirs Grab Your “Family Emergency Binder” Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-521 Learn more about your ad choices. Visit megaphone.fm/adchoices

Thebest side hustlescan put someextra cashin your pocket, help youleave your W2 job, or even launch you towardFIRE. If you’re looking tomake moneyin ways other thanreal estate investing, you don’t want to miss thisside hustle special! Nick Loper, founder ofSide Hustle Nationand host ofThe Side Hustle Show, has beenbuilding businessessince he was a teenager. Fromlucrative digital assetstoservice-based ventures, Nick has done it all, and today, he’s bringing some fresh ideas for you to try. As you’re about to learn, thesefledgling businessescome in all shapes and sizes. Some takeyearsto nurture before you reap any reward for effort, while others allow you to start earning immediately. In any case, you need to choose one you’re interested in and stick with it if you want to see results! In this episode of theBiggerPockets Moneypodcast, Nick dives into some of hisfavorite side hustles—many of which you canstart TODAY with little to no moneyandminimal time. You’ll learn whether it’sstillpossible tobuild amoney-making blogin 2024, as well as how to makeextra incomeby renting out assets likeinflatables,hot tubs, andvending machines! In This Episode We Cover Nick’s favoritelow-money side hustle ideas(not namedreal estate!) How to turn your ownside businessinto amoney-making machine Creative ways toearn royaltiesfrom YOUR originalworksorideas How tobuild a digital assetthatgenerates incomefor years to come Why you MUST follow the “rule of one hundred” with everynew side hustle Thenon-digital assetsyou canrent outfor aHUGE profit AndSoMuch 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 BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines? Make an Extra $100/Day with These Work-From-Home Side Hustles Hear Nick on “The Side Hustle Show” Check out more resources from this show onBiggerPockets.comandhttps://www.biggerpockets.com/blog/money-520 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to knowhow to avoid capital gainson your next home sale? If you tune in, you may dodge a quarter-of-a-million-dollar bullet (or more!). What about investing in one of themost tax-advantaged accountsthat almost EVERYONE should have but most people don’t? What do you do when afamily member asks to borrow moneyfrom you but has a bad track record with keeping their personal finances together? We’re getting into it all and more on thisfinance FAQwithAmandaandScott! We get a ton ofpersonal finance questionsthrough theBiggerPockets Forumsand ourFacebook Page, so we decided to round up some of the most common ones and answer them for you. First, we’re talking abouthow to dodge capital gains tax when selling your home. Then, a concerned listener asks whether they shouldtake out a loan on a family member’s behalf. A high-income earner wants to know whetherrenting or buyingis their best bet, and we share whetherpaying off your mortgage earlyis a mistake! Got a medical expense coming up, or just want to boost your retirement investing? We’ll answer whether anHSA (health savings account)beats anFSA (flexible spending account)—but make sure you get this one right. If you invest in one of these accounts the wrong way, you’ll be throwing money away. Finally, a debt-free chaser asks whether they shoulduse theiremergency reservesto pay off debtor keep slowly slogging away with the snowball method. In This Episode We Cover How to avoid capital gains taxwhen selling your primary residence HSAs(health savings accounts)vs. FSAs(flexible spending accounts) Whether or not touse your emergency fund to pay off credit card debt Why you may want to reconsiderloaning a family member money Whether tobuy or rentin today’s housing market(EVEN with low money down) Pay off your mortgage early or investthe rest of your money? AndSoMuch 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 Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Fidelity Investments She Wolf of Wall Street Website Emergency Fund: How Much Do You Really Need in 2024? How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!) Renting a Home Is Financially Better Than Buying—Wait, What?! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-519 Learn more about your ad choices. Visit megaphone.fm/adchoices