BiggerPockets Money Podcast

Thesepersonal finance apps, tools, products, and habitshelped usreachfinancial independence, and they can do the same for you. If you’re on the road to FIRE or have finally made it to financial freedom, ANY of these tools can help you save, invest, and learn more along the way. But we’re not just sharing theFIRE toolkitwe love; we’re also sharing the products we’re ditching, plus what we’re replacing them with for a brighter financial future! If you’re alreadyfeeling lost with your financialNew Year’s resolutions, worry not because thesepersonal financeapps, tools, products, and habits are here to help! Mindy and Scott will walk through every tool they love, what they can live without, and what helped them reach financial independence. We’ll talk aboutbudgeting and money management apps, goal-setting processes that’ll help youachieve even your wildest dreams, how tolearn fasterthan ever, and the“life-changing” money productswe would never replace. If you’re in need of beefing up your arsenal of financial independence tools, this is the episode to tune into!Wondering where you can find links to all the products and services mentioned in today’s show? Just scroll down in the show notes! In This Episode We Cover Why you may want totry spending MORE (yes, MORE) in 2024if you’re in THIS position Indispensable personal financetools that helped us reach financial freedom Budgeting appsthat we personally useto track our monthly spending Mindy’s smarttravel hackthat’ll help you avoid productivity-killing jetlag The one “journal” thatchanged Scott’s life forever(and where to find it) How to learn faster than everbefore and boost your reading speed significantly The BIG investment Scott is ditchingin 2024 and the “crash” on the horizon 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! Money Moment Tools and Products From The Show: Monarch Money Stessa Venmo Ally Bank Charles Schwab Audible Kindle Unlimited Living Your Best Year Ever Journal Google Keep Empower Personal Wealth The Harsh Reality Real Estate Syndicators (and Investors) Face in 2024 Click here to check the full show notes:https://www.biggerpockets.com/blog/money-502 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 have acash flowproblem? You’re not alone! Daninvests inreal estate, has a greatW2 job, and maxes out hisinvestment accounts. He wants to hitfinancial independenceby forty, but his lack of cash is making things difficult. Something’s got to give, and Mindy and Scott are here to help! Welcome back to theBiggerPockets Moneypodcast! Dan has done an amazing job investing for the future andhouse hackingthroughout his 20s. But now he’s got a MAJOR problem on his hands. Although he and his wife earn around$200,000 per year, they have little to no cash available. Withreal estatedebt,hospital bills, and newbaby expenses, Dan is starting to feel the pressure. That extra cash he was able to accumulate only a few years ago? It’s not so easy to find anymore. In this episode, Mindy and Scott take a deep dive into Dan’s finances to helpsolve his cash flow problem. Should he follow hisreal estate dreamand pause hisretirement account contributionsor pivot to a job that willincrease his incomeby another$50,000 per year? Stay tuned to find out! In This Episode We Cover Savvy ways toincrease your cash flowwithouttaking on more debt Dan’shouse hacking strategythat covers a HUGE chunk of hismortgage Using ahome equity line of credit (HELOC)tobuy real estate How to ask for a raise(and when to pivot to ahigher-paying job) Investing in real estateversus building up yourretirement accounts How Dan plans to reach$10,000/monthin“passive” incomeby the age of forty 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 Intentionally Choosing the Path to Financial Independence with Financial Mechanic Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life Breaking the Taboo of Talking About Money with Friends, Family, and Bosses Hear Dan on the “Real Estate Rookie” Podcast Click here to check the full show notes:https://www.biggerpockets.com/blog/money-501 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

After500BiggerPockets Moneyepisodes, we’ve learned a thing or two aboutfinancial independence. But, for this special episode, we wanted to find some of the best advice we’ve ever received on the show—advice that changed our livesas much as it did yours. So, we’ve lined up a few of our favorite clips from the past 500 episodes with top-tier guests likeCodie Sanchez,Ramit Sethi, and more. If you’re a new listener ofBiggerPockets Money,this is just a TASTE of what you’ll hear on future episodes. We’ll touch on a“financial awakening”one of our past guests had, finding that many of us live a “broken” life without even realizing it. Then, aspending hackthat lets you live infrugal luxurywhile slashing your expenses. We talk abouthow toescape your nine-to-fiveandbuy a businessthat helps you achieve truefinancial freedom. Finally,the “worry-free number”you MUST calculate unless you want to experience zero joy from all the wealth you’ve built. Hard-hitting stuff, right? Thanks for sticking around with us for 500 episodes of theBiggerPockets Moneyshow. We could not have made this podcast happen without you, and we’re looking forward to hearing from and potentially even featuring YOU on an upcoming episode! In This Episode We Cover The“little choices”you’re making that’sblowing your budgeteverysinglemonth Whyliving for the weekendiskilling your bank accountand financial future How tolive a frugally luxurious lifeby buying what you truly WANT The ten steps to buying a “boring business” that’llreplace your income The“worry-free number”that removes the emotional weight of finances and lets you actually have fun with your money What you can expect from theBiggerPockets Moneypodcast in 2024! 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 Mindy on Instagram 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 with Katie’s Middle-Class Myths and The Great Roth vs. 401K Debate Liz Frugalwoods: Designing a Frugal But Luxurious FI Life by Age 32 Codie Sanchez: These “Boring Businesses” Will Make You Rich Ramit Sethi's Money Advice for Couples: Live a Rich Life, Together Click here to check the full show notes:https://www.biggerpockets.com/blog/money-500 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 peoplepursuingfinancial independenceown businesses or havestable jobs, working as hard as they can tomake any extra dollar, throwing their money into the stock market or real estate, and betting on the economy to take them to higher and higher levels of wealth.But what about those who AREN’T chasing every dollaror dedicating their lives to the pursuit ofpassive income? Cancreatives, musicians, writers, or anyone wonderinghow to make money as an artiststill find FIRE? Today, we’re talking toPaco de Leon, business owner, musician, podcast host, and author ofFinance for the People: Getting a Grip on Your Finances. Paco’s world involves working with other creatives whorarely speak or think about money, helping them link their creative work withcash flowso they can continuedoing what they love while building wealthfor the future. Paco knows the system we live in isn’t perfect but recognizes that simply not participating isn’t an option. So, she serves as a voice for those who want tomake a difference in the world, go against the grain, orcare more about people than profit. In today’s episode, she’ll share thecommon money mistakes most creatives makethat end up hurting them in the long run and why making money and building wealth is something ANYONE can accomplish, no matter your life’s passion! In This Episode We Cover Common money problems for creativesand how tobuild wealthwithout selling out The two ways you’llget richand how you can“create” your own financial independence Why your good “idea” isn’t enough, and what you MUST do to make money off of it Living in an imperfect world andthe “dark side” of capitalismmany people ignore Whymaking money and making art are NOT mutually exclusive(and how to do both!) 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 Codie Sanchez: These “Boring Businesses” Will Make You Rich Alex Hormozi on The “Weak Links” That Will Make Anyone a Millionaire What Playing in a Band Taught Me About Making Money Click here to check the full show notes:https://www.biggerpockets.com/blog/money-499 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

Real estate investingis a popular path tofinancial freedom, but if you’re not careful,bad debtcan get in the way. Before today’s guest couldbuy rental properties, she had to deal with themountain of debtthat stood between her andwealth. But thanks toaggressive savingand newmoney habits, she becamedebt-freein just TWO years! Sarah Kinghas been thrown several curveballs on herjourney to financial independence. Just when she had managed to pay off$118,000 of debtand buyfive properties, her marriage ended in a nasty divorce. Forced to liquidate her and her husband’s assets, Sarah was back at square one. Rather than giving up on her dream ofreaching FIRE, she overcame her shaky financial situation and foundcreative ways to buy real estate. Within a few months, she was back on her feet, and today, she ownssixteen units across ten properties! In this episode, Sarah offers some crucial advice foraspiring investors—including why you should get your financial house in orderbeforebuying properties, how toleverage your retirement accountsto buy more properties, andhow to useprivate money(responsibly). You’ll even learn abouthouse hacking—thereal estate investing strategySarah uses tocover her mortgage paymenteach month! In This Episode We Cover How to reachfinancial freedombyinvesting in real estate The three areas of yourfinancesthat will help youbuild wealth faster How topay offBAD debtas quickly as possible Why you MUST get your financial house in orderbeforebuying properties How to useprivate moneyto buy MOREreal estate Covering yourmortgage paymentwith thehouse hackingstrategy 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 From Toxic-Marriage to Financially Independent Mom with 13 Units How to Achieve Financial Freedom Through Real Estate in 4 Steps Click here to check the full show notes:https://www.biggerpockets.com/blog/money-498 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

By the time you finish this episode, you’ll be ten thousand dollars richer.Just read this testimonial from a recentBiggerPockets Moneylistener, “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.” Butact fast because, in five minutes, this episode WON’T be availableanymore. None of the above is true.But you probably caught on to a few of thepsychological tricksmanymarketers useto push you into purchasing, even when you’re not ready to. And with so muchmentoring,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 Kayhas spent years usingpersuasion-first business tacticsto prompt potential customers into purchasing,building aseven-figure income streamin the process. It wasn’t until she realized thatthese tactics did more harm than helpthat she decided to burn down the business she had built. Now, she’s sharing all thepersuasion secrets marketers are using on YOUand teaching youhow to build a businessthe better way. In This Episode We Cover The “principles of persuasion”businesses use to trick you into buying Commonpredatory practicesonline gurusand mentors commonlyuse HUGE red flags to watch out forbefore you buy ANY online course How to ensure your business NEVERtricks potential customers into buying Vetting your own clients and customersBEFORE they have the chance to pay you 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 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 reachfinancial freedom, knowinghow to save moneyis crucial. Today, Mindy and Kyle deliver some special tips that will help you save onhousing,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 youimprove your quality of lifewhilesaving money. Do youpay a premiumto 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 alower cost of living. Instead, scratch your itch to see the world by usingcredit cardstotravel for FREE! Is your monthlygrocery billgetting out of control? Choose a cheaper store, take advantage of sales, or do “mini” shops that help you eliminate waste. Finally, do youspend a fortuneon things like eating out or going to the spa? Learn how you canrecreate these experiences at homefor afraction of the cost! In This Episode We Cover How to save moneyon groceries with savvyfood budget tips Why you should consider moving to an area with alower cost of living Creating“at-home” experiencesthatput money back in your pocket How toimprove yourquality of lifewith small but effective upgrades Building the healthy habit ofcharitable giving(and how to plan yourdonations!) Choosing aFIREgoalthat gives you“enough” money to support your lifestyle Traveling for FREEby racking upcredit card rewards 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 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

Learninghigh-income skillscan help youmake money online—and a LOT of it! Just ask today’s guest, who worked not one but SEVENinternshipsto develop professional skills that would help her launch several successfulonline businessesdown the road! Welcome back to theBiggerPockets Moneypodcast!Jo Francois anentrepreneur,YouTuber,podcast host, anddigital nomadwithmultiple 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 inmoneyandresources, she made up for in purework ethic. Throughout her teens and twenties, Jo worked all kinds ofjobs,side hustles,gigs, andinternshipsthat allowed her tosave moneyand eventravelthe worldfor FREE. Since then, Jo has had her ownNetflix show, built a successfulYouTube 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 importantmoney management tipsfor entrepreneurs. She also talks about thebiggest mistakeshe has made in her career to date:hiring the wrong people! In This Episode We Cover Thehigh-income skillsyou NEED to become a successfulentrepreneur How to become adigital nomad(andtravel the world for FREE) Reducing your financial riskby keeping yourexpensesdown The true value ofunpaid internships(and how to make the most of them!) Crucialmoney management tipsfor all entrepreneurs How to save moneyWITHOUT the consistency of aW2 paycheck How to get the highestreturn on your investmentin people 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 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 learnhow to buy a housein 2024? Whether you have outstandingcreditor 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 toboost yourcredit scorein the meantime! Welcome back to theBiggerPockets Moneypodcast! Today, Mindy and Kyle are fielding some of your biggest money questions. Beyondbuyinga home, you’ll learn how to use yourhome equitytofund your new businessidea. Have you run into some“extra” cashrecently? We shareinvestingstrategiesthat will allow you to“hack” tax bracketsand position yourself toretire early. This year, it’s crucial that youget on the same page with your partner, financially. Mindy and Kyle talk about the tough but essential “meetings” you should be having about yourbudget. Finally, is there ever a time when it makes sense to buy adepreciating assetlike abrand-new car? Our hosts’ answer might surprise you! If you want Mindy and Kyle to answer a money question, you cansubmit a question hereor post it in theMoney Facebook Group! In This Episode We Cover How to buy a housein 2024 withless-than-perfect credit What you MUST know before entering ahome equity agreement The BEST ways tofund your new business idea How tobuy a brand-new carand stay on track forFIRE How to invest “extra” moneyand“hack” your tax bracketto owe less Thefinance “meetings”you NEED to have with your partner 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 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 tobe a better investorin 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-partmoney tipsseries to kick off 2024, Mindy and Kyle offer some top-notch advice onhow to invest your moneythis year. You’ll learn about the importance oftracking your financesyear-round, savvyretirement planning, and, if you’re areal estate investor, putting some of your“lazy”equityto better use! Beyond investing, our hosts provide severalmoney hacksthat will help youchip away at your expensesthis year—whether it’s taking advantage ofautopay or annual-pay discountsor pivoting to alow-cost phone plan. Finally, they discuss howspendingmoneycan actually propel you toward yourFIREgoal! In This Episode We Cover How to be a better investorin 2024 and beyond Finding the perfect method totrack your financesyear-round Paying a fraction of your currentphone billby switching to acheaper plan Saving moneyon billswithautopay and annual payoptions How tospend money, enjoy your life, and stillsave BIG Getting the highestretirement accountbenefit byplanning contributions Making your money work harderby optimizing yourinvestment portfolio Reinvesting the“lazy” equityin yourreal estate portfolio 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 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