Can you really be a one-income family in 2024? Not if you don’t know how to budget! To achieve her money goalswhile living on a single middle-class income, Emy knew she had to take control of her finances and seize any opportunity to save money. Single or married, you’ll learn to do the same in this episode!
Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with budgeting coach Emy Lee, who was able to achieve her lifelong dream of being a stay-at-home mom by cleaning up her family’s finances. Of course, this was no easy feat. Growing up, Emy was taught very little about personal finance. It was only after shifting her mindset, creating a budget, and building smart money habits that she was able to make raising a family on one income a reality.
In this episode, Emy shares some of her top budgeting tips—from saving money on groceries to avoiding common spending triggers. You’ll also learn about the 50/30/20 rule that makes budgeting easy, the “spendfluencing” problem to be mindful of when scrolling through social media, and the budgeting hack people with irregular income can use to keep their finances in order!

In This Episode We Cover
How Emy raises a family on a single middle-class income
Lowering your grocery bill each month with simple shopping hacks
The “carryover” fund that people with variable income MUST have
How to avoid “spendfluencing” pitfalls on social media
The most common spending triggers (and how to combat them!)
Creating a realistic budget for your family using the 50/30/20 rule
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!
Money Moment
Slash Your Food Budget by $150+ Per Week with EASY, Healthy, and Tasty Meals
Food Spending Eating Away at Your FI Plans? Here’s How to Eat for Cheap

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-508
 
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508: Budgeting Tips for Families Living on ONE Income

Everyone wants to reach financial independence as soon as possible. But if you really want to get on the path to early FI, you’ve got to start making savvy money decisions TODAY. And we’ve got a few tips, tricks, and tools that will help you out!
Welcome back to the BiggerPockets Money podcast! In this episode, Mindy and Amanda Wolfe are fielding questions from the r/PersonalFinance subreddit and delivering their best money tips for scenarios that YOU could easily find yourself in. First, we get into 401(k) accounts and some of the different ways to transfer funds when you leave your employer. We also go over some of the different strategies for budgeting, investing, and saving money that will help you reach financial freedom early.
But that’s not all! If you live in an area with a competitive housing market, we discuss whether you should ever waive a home inspection to help sweeten your offer. We even talk about the idea of buying a house outright versus going the route of a traditional mortgage. Is a large car payment thwarting your path to financial freedom? Stay tuned for a few creative ways to get rid of that bad debt for good!

In This Episode We Cover
Tips and tricks to help you reach financial independence early
What to do with a 401(k) account from a previous employer
Buying your home outright versus getting a traditional mortgage
Whether you should ever waive your home inspection when buying a house
Creative ways to eliminate car debt (and save thousands in the process!)
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
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
The Millionaire Fast-Track: How to Hit Financial Freedom Before 30
How to Pull Yourself Out of Car, Student, or Credit Card Debt
Fidelity Investments
She Wolf of Wall Street Website

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-507
 
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507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt

After tremendous research, the “MoneyType” quiz was finally released. All you need to do is answer some basic questions, and in a matter of minutes, you’ll know your biggest financial strengths and burdens, the money traps you could fall into, and how to use your own money “gift” to make your life, and your loved ones’ lives, even better. But before you write off the MoneyType quiz as just another personality test, we can tell you from personal experience it’s shockingly accurate.
And there’s no one better to talk about the MoneyType process than the co-founder of HerMoney and co-creator of the MoneyType personality quiz, Jean Chatzky. Jean’s team tested the MoneyType process on hundreds of people, uncovering the core personality traits that could make you a producer, visionary, nurturer, independent, or connoisseur, and what to do once you know what MoneyType you are.
In today’s show, Mindy and Scott share their results from the quiz as Jean walks through each of these financial archetypes in detail. You’ll learn what strengths each archetype has, the financial pitfalls they easily fall into, the gifts they can use to empower themselves and others, and the financial pleasures each type lives for. Plus, you can take the MoneyType quiz completely for free here!

In This Episode We Cover
The five financial archetypes and the pros, cons, and pitfalls of each of them
Mindy and Scott’s most prominent MoneyType (and how it led them to financial success)
The “sabotage” points of each personality that could lead to HUGE financial problems
Using your MoneyType to set up financial “guardrails” in your life and protect against your personality’s downsides 
Using your MoneyType to understand your partner, family members, and friends more
Mindy’s two-percent MoneyType match that proves why it’s SO hard for her to spend money
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!
Money Moment
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Take the Free MoneyType Quiz
Understanding How Your Personal Money Story Shapes Your Financial Future w/Jean Chatzky

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-506
 
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506: How to Use Your Money "Archetype" to Address Your Biggest Financial Burdens

Most financial advisors aren’t what they seem. They paint themselves as stewards of your financial security, carefully analyzing every investment they put your money into. But that’s far from the truth. Many financial advisors simply use you to make a quick buck, leaving you worse for wear when it comes to retirement. So, how do you find a financial advisor who will actually help you build wealth without filling their own pockets at your expense? We’re about to give you the roadmap to finding the perfect financial advisor.
We’re back with Jeremy Schneider, the bootstrapped founder who became an overnight millionaire thanks to a decade of tough decisions. This time, Jeremy shares about the world of financial advising, ranking the types of advisors from worst to best and sharing why that life insurance policy might be a BAD financial decision.
If you’re struggling to find financial advice from a neutral third party who truly wants the best for your finances, this is the episode to listen to. Jeremy talks about the two financial advisors to never trust, the costly difference between fee-based and fee-only advisors, the financial “meth” that could cost you in the long run, and exactly where to find a financial advisor that truly works for YOU. 

In This Episode We Cover
The four types of financial advisors and the two you MUST stay away from
Fee-based vs. fee-only financial advisors and why you CANNOT afford to mix these up
The “whole life insurance” scam that’s trapping many Americans with false financial promises
The sneaky commissions financial advisors make that you have no idea about
One place you can go to find trusted financial advisors with NO strings attached
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!
Money Moment
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Past Episodes Mentioned in Today’s Show:
Michael Kitces
A Purple Mom
Life Insurance (Joe Saul-Sehy)
Whole Life Insurance (The White Coat Investor)

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-505
 
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505: Need a Financial Advisor? Start Here!

If you want to reach early retirement, especially in your thirties, you’ll need to take some big risks. Today’s guest turned down what would have been a dream salary to many people, choosing to work for himself while making close to a third as much as a job would have paid him. He put in the time and sweat, making just enough money to survive for over a decade, living as frugally as he could so he could roll everything back into his business. Then, overnight, he became a multimillionaire. And guess what? You can, too.
One day, at the age of thirty-four, Jeremy Schneider found himself $2,000,000 richer than he had been the day before. He had successfully sold a company he’d been building for a decade, making him, his family, and his employees wealthy in the process. Then, he did what every burnt-out founder does: travel the world, play volleyball and video games, and get some much-needed rest. But soon after, he decided to return to work, focusing on something much more important.
In this episode, Jeremy gives a masterclass on the right way to build your business, how to sell it for millions more than you were originally offered, and exactly what you should do with the money afterward to STAY financially free.

In This Episode We Cover
How to reach early retirement in your thirties by building (and selling) a business
When it makes sense to take a paycheck vs. bet on yourself 
How companies are bought and sold and the negotiations behind closed doors
The MASSIVE amount of taxes Jeremy had to pay after selling his business
What Jeremy did with his $2,000,000 payday that set him up for life
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!
Money Moment
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Past Episodes Mentioned in Today’s Show:
Michael Kitces
A Purple Mom
Life Insurance (Joe Saul-Sehy)
Whole Life Insurance (The White Coat Investor)
Lump Sum vs Dollar Cost Average Calculator
Grab the Book “Die with Zero”

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-504
 
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
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504: Early Retirement at 36 by Doing What EVERY Entrepreneur Should

With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve brought on a tax professional to help you keep as much of your newfound money as possible.
There are two certainties in life: death and taxes. In this episode of the BiggerPockets Money podcast, we’re combining them. Sean Mullaney, The FI Tax Guy, returns to the show to lend his expertise on inherited investment accounts. Whether you’re the spouse, child, or sibling of a loved one who has recently passed, you’ll need a plan for managing these financial assets. Otherwise, a huge inheritance “tax bomb” could be waiting for you down the line!
Sean discusses the four “buckets” of assets you can inherit and the steps you should take in each scenario. You’ll also learn about the “step-up in basis” exemption that allows you to dodge capital gains tax on certain accounts, as well as when you might need to take required minimum distributions (RMD)—even if you’re far from retirement. Grab your pen and paper as we get into the nitty-gritty of inheriting wealth.

In This Episode We Cover
How to pay less tax on your inherited investment accounts
The four “buckets” of financial assets you might inherit
Navigating the “ten-year rule” and preventing a HUGE tax bill
Dodging capital gains tax with the “step-up in basis” exemption
How to avoid early withdrawal penalties on spousal accounts
The “worst” account to leave for an heir (and what to do with it instead!)
How to pass a retirement account on to a spouse, child, or sibling
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!
Money Moment
Find a Tax Professional Today
Estate Planning, Wills, and What to Do NOW to Protect Your Heirs
The Post-Passing Plan: 3 Steps to Protect Your Family’s Financial Future
Hear Our Last Epiosde with Sean
Grab Your Copy of “Die With Zero”

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-503
 
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503: How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)

These personal finance apps, tools, products, and habits helped us reach financial 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 the FIRE toolkit we 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 already feeling lost with your financial New Year’s resolutions, worry not because these personal finance apps, 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 about budgeting and money management apps, goal-setting processes that’ll help you achieve even your wildest dreams, how to learn faster than ever, and the“life-changing” money products we 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 to try spending MORE (yes, MORE) in 2024 if you’re in THIS position
Indispensable personal finance tools that helped us reach financial freedom 
Budgeting apps that we personally use to track our monthly spending
Mindy’s smart travel hack that’ll help you avoid productivity-killing jetlag
The one “journal” that changed Scott’s life forever (and where to find it)
How to learn faster than ever before and boost your reading speed significantly
The BIG investment Scott is ditching in 2024 and the “crash” on the horizon
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!
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
 
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502: The Money Apps, Habits, and Productivity Hacks That Helped Us Find FI

Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts. He wants to hit financial independence by 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 the BiggerPockets Money podcast! Dan has done an amazing job investing for the future and house hacking throughout 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. With real estate debt, hospital bills, and new baby 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 help solve his cash flow problem. Should he follow his real estate dream and pause his retirement account contributions or pivot to a job that will increase his income by another $50,000 per year? Stay tuned to find out!

In This Episode We Cover
Savvy ways to increase your cash flow without taking on more debt
Dan’s house hacking strategy that covers a HUGE chunk of his mortgage
Using a home equity line of credit (HELOC) to buy real estate
How to ask for a raise (and when to pivot to a higher-paying job)
Investing in real estate versus building up your retirement accounts
How Dan plans to reach $10,000/month in “passive” income by the age of forty
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
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
 
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501: Finance Friday: When to STOP Investing and Start Saving Cash Instead

After 500 BiggerPockets Money episodes, we’ve learned a thing or two about financial 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 lives as 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 like Codie Sanchez, Ramit Sethi, and more. If you’re a new listener of BiggerPockets 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, a spending hack that lets you live in frugal luxury while slashing your expenses. We talk abouthow to escape your nine-to-five and buy a business that helps you achieve true financial 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 the BiggerPockets Money show. 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’s blowing your budget every single month
Why living for the weekend is killing your bank account and financial future
How to live a frugally luxurious life by buying what you truly WANT
The ten steps to buying a “boring business” that’ll replace 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 the BiggerPockets Money podcast in 2024!
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
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: moneymoment@biggerpockets.com
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500: FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More!

Most people pursuing financial independence own businesses or have stable jobs, working as hard as they can to make 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 dollar or dedicating their lives to the pursuit of passive income? Can creatives, musicians, writers, or anyone wondering how to make money as an artist still find FIRE?
Today, we’re talking to Paco de Leon, business owner, musician, podcast host, and author of Finance for the People: Getting a Grip on Your Finances. Paco’s world involves working with other creatives who rarely speak or think about money, helping them link their creative work with cash flow so they can continue doing what they love while building wealth for 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 to make a difference in the world, go against the grain, or care more about people than profit. In today’s episode, she’ll share the common money mistakes most creatives make that 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 creatives and how to build wealth without selling out
The two ways you’ll get rich and 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 and the “dark side” of capitalism many people ignore
Why making money and making art are NOT mutually exclusive (and how to do both!)
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
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: moneymoment@biggerpockets.com
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499: How to Make Money as an Artist

Real estate investing is a popular path to financial freedom, but if you’re not careful, bad debt can get in the way. Before today’s guest could buy rental properties, she had to deal with the mountain of debt that stood between her and wealth. But thanks to aggressive saving and new money habits, she became debt-free in just TWO years!
Sarah King has been thrown several curveballs on her journey to financial independence. Just when she had managed to pay off $118,000 of debt and buy five 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 of reaching FIRE, she overcame her shaky financial situation and found creative ways to buy real estate. Within a few months, she was back on her feet, and today, she owns sixteen units across ten properties!
In this episode, Sarah offers some crucial advice for aspiring investors—including why you should get your financial house in order before buying properties, how to leverage your retirement accounts to buy more properties, and how to use private money (responsibly). You’ll even learn about house hacking—the real estate investing strategy Sarah uses to cover her mortgage payment each month!

In This Episode We Cover
How to reach financial freedom by investing in real estate
The three areas of your finances that will help you build wealth faster
How to pay off BAD debt as quickly as possible
Why you MUST get your financial house in order before buying properties
How to use private money to buy MORE real estate
Covering your mortgage payment with the house hacking strategy
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
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: moneymoment@biggerpockets.com
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498: Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!)

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
 
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497: Persuasion Secrets and Predatory Practices Businesses Use on YOU

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
 
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496: 24 Money Tips for 2024: How to Save on Rent AND Travel for Free!

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
 
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495: The Digital Nomad’s Guide to High-Income Skills and Making Money Online

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
 
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494: How to Buy a House, Fund a Business, & Invest “Extra” Cash in 2024

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
 
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493: 24 Money Tips for 2024: The BEST Ways to Invest Your Money THIS Year

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
 
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492: How Much Do You NEED to Retire? It’s Less Than You’d Think

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
 
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491: Why You DON’T Need a College Degree to Reach Financial Freedom

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
 
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490: 24 Money Tips for 2024: How to Slash Your Expenses and Save MORE This Year

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: moneymoment@biggerpockets.com
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