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BiggerPockets Money Podcast: How to Invest for Financial Freedom
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BiggerPockets Money Podcast: How to Invest for Financial Freedom

Author: mindy jensen

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For those who have money… or want more of it!

Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.
66 Episodes
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#64: Scholarships and Other Ways to Pay for College with Zach Gautier
Zach Gautier oversees academic and college counseling at a Denver-area high school. He reached out to us, and proposed a show to share creative ways to fund college tuition—and blew us away with the depth of his knowledge! This episode is for anyone who has children who have not yet graduated from college. And if you know someone else who can benefit from this information, please share it with them, too! This show includes tips that apply to kids of every age, from elementary school to middle school to high school students. We cover multiple ways to reduce higher education costs, such as transfer credits, AP courses, and CLEP tests, along with early college programs and dual credit options.   We also discuss work-based scholarships and military options, as well as preparation for high school that starts in grade school. Zach shares his advice on taking the ACTs or SATs and also ways to decide which one to take (and whether to retake if you get a low score). This episode can help shave tens of thousands of dollars off your child’s college expenses! In This Episode We Cover: How Zach paid for college The CLEP test Systematic approach to transform college options The best financial choices that somebody can make Interventions that are very effective for your child to learn and figure out their love for school On helicopter parenting Things parents need to do when their children are pre-high school and high school age to save for college 529 plans as the biggest avenue that needs to be considered Brandon Turner's approach for his child college education 3 ways to fund college Dual credit program How much does SAT and ACT prep cost How to apply scholarships Two college batches when it comes their application review process His perspective on brand name college Things that people should be looking for in a school Ways to save money on college application process Other avenues to approach prior to entering college to get excess funding What is a loan and a grant And SO much more! Links from the Show Paychecks & Balances Khan Academy BiggerPockets Money Podcast 56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances Fastweb Cappex Scholarships.com BigFuture - The College Board Scholly BiggerPockets Money Podcast 22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby BiggerPockets Forums
#63: Financial Freedom With 5 Kids IS Possible with Jordan Klint
One of the most common misconceptions of financial independence is that you can’t do it with kids. But Jordan Klint doesn’t listen to what other people say. He became financially independent with kids—and not just one or two of them. He did so with five children. Oh, and did I mention he’s only 33 years old? Jordan and his wife started flipping houses soon after they began dating and haven’t stopped. They’re now teaching their five children the value of investing, as well as how to be landlords and make repairs. They do this all while home-schooling them and continuing to find and purchase new properties. Jordan also shares how he was prepared to quit his job outright but his employer begged him to stay for special projects, allowing him to continue to work as an engineer. It's something he loves but is now doing on his own terms. Jordan’s story is 100 percent repeatable! In this episode, he lays it out in such a way that you can both be inspired and apply his strategies to your own life. In This Episode We Cover: Jordan's journey with money Having a 20-year deadline working for somebody Co-op program His financial position in terms of income and assets upon graduation How he and his wife approach their personal finance Influenced by Dave Ramsey on avoiding debt What his underlying principle is How he started flipping houses How helpful YouTube is What Jordan and his wife did prior to having kids Saving about 50% of their income for savings and investments What their life looks like after having their first kid On childcare expense The structure they changed as his family grew The importance of having a plan The time he became intentional about building passive income Their first deal and the passive income they produced His principle of having better tenants What happened after he bought his first rental property On quitting his full-time job and going part-time How they changed their spending His lifestyle expenses On healthcare How he motivates other employees And SO much more! Links from the Show Mr. Money Mustache BiggerPockets Money Podcast 01: The Surprising (Scientific) Truth Behind What Makes You Successful with Mr. Money Mustache BiggerPockets Money Podcast 38: Getting Serious About Paying Off Debt Frugalwoods Financial Samurai BiggerPockets Money Podcast 46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai BiggerPockets Money Podcast 10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames
#62: Taking Advantage of ALL Opportunities Life Throws at You with Anna Li
Anna Li moved to America from Uzbekistan when she was 22. On today’s episode, she shares the opportunities she’s been presented with—and taken advantage of—from an opportunity to learn at the first non-government university in Uzbekistan that partnered with an American College (essentially allowing her to earn the equivalent of an American degree) to picking up and moving to a new country to start a new life. Though she was a financial analyst in Uzbekistan, the language barrier prevented her from getting a job in her field in her new country. Newly married, she took a job at a shoe store while her husband delivered pizzas. Finally, she was able to secure a position in finance with Vanguard. It took five years to work her way up from analyst to team lead. She switched firms and is now a director for an international pharmaceutical company. After every opportunity, she thought, “I’ve made it.” But instead of sitting there comfortably, she continued to pursue more—a better job, a promotion, a transfer. When her husband’s last company closed, instead of finding a new job, they took this as an opportunity to begin investing in real estate. Her job offered a transfer to Switzerland—a three-year stint that came with a hefty raise and almost all expenses paid by the company, allowing them to ramp up their savings to pay for more houses. Plus, her husband flips long distance with her dad, another source of revenue. Anna also shares a few unique tips for paying for child care and college—and you’re going to want to stick around for those! This episode is packed with information, and Anna’s journey will inspire you. In This Episode We Cover: How Ana's journey with money began How she went from stable environment to chaos How her dad instilled an entrepreneurial spirit The story of starting a soda business Why she borrowed $3,000 from parents and moved to U.S. Their money evolution What their wealth accumulation looks like a year after they migrated What happened the year after they lived with their parents A discussion on thinking only of surviving and not having exact goals for the first couple of years as immigrants What their experience was like living with relatives How they weathered the 2008 financial crisis The daycare hack Anna figured out How her husband got interested in real estate and decided on flipping How she discovered financial independence The benefits of expat jobs What a Solo 401k really means Hacking college And SO much more! Links from the Show BiggerPockets Money Podcast 50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington BiggerPockets Money Podcast 59: Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens Real Estate University Uber BiggerPockets Real Estate Podcast BiggerPockets BiggerPockets Money Podcast 01: The Surprising (Scientific) Truth Behind What Makes You Successful with Mr. Money Mustache Mr. Money Mustache BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Our Rich Journey USAJobs TeachYourWay WWOOF BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution Millennial Revolution BiggerPockets Podcast 268: Acquiring 20 Long-Distance Rental Homes (on a Military Salary!) with Rich Carey  
#61: The Repeatable Path to Financial Independence with Reshawn & Rob from Learn Hustle Grow
Reshawn and Rob got married nine years ago, joining their lives, families and bank accounts. Premarital counseling revealed two different views on money—and they knew if they wanted to stay married, they needed to get themselves on the same page. Reshawn and Rob implemented a modified version of Dave Ramsey’s Baby Steps program to get themselves out of debt so they could start investing. Their team approach to their finances, focusing not on who’s debt it is but instead focusing on paying it off together strengthened their marriage and their desire to attain financial independence. They stepped away from the corporate world to pursue passion projects, Rob in real estate and Reshawn in travel planning. Are you looking to get your spouse on board with your financial independence plans? Listen to this episode together. In This Episode We Cover: Their money background story The reason they decided to combine their finances Their savings rate and what they did after they combined their finances Ways to cut back on spending How Dave Ramsey helped them How they paid off all of their debts The 529 college savings plan Their investment philosophy after paying off debt Redeploying their home equity and turning it into an investment property Replenishing their emergency fund after purchasing a new rental property Their property taxes On being financially independent The importance of having a giant goal Having an agreement on how to approach major decisions What their next plan is And SO much more! Links from the Show FinCon BiggerPockets Podcast BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution Millenial Revolution Duolingo Journey To Launch Afford Anything BiggerPockets: An argument about should I pay off my mortgage or not?
#60: Rejecting a Scarcity Mindset and Going All-In on Apartment Investing with Gino Barbaro
Gino Barbaro was a chef, working hard every day. He made good money and had no debt, but never seemed to be able to save more than 10%. He started dabbling in real estate investing, and after closing his fourth deal worth $11 million, he decided he wanted to leave the restaurant business for good. He retired from his restaurant two years ago. While he could havelived off the passive income from it, he wanted to focus on his passion—real estate. After 25 years in the restaurant business, he had created just one restaurant, but in five years of real estate investing, he’s accumulated more than 1,000 units. Gino shares how his net worth has increased AFTER retirement—and has no plans to slow down. If you’re thinking big or want to be inspired to think big, Gino’s story is a can’t-miss episode. Click here to listen on iTunes. In This Episode We Cover: Gino's journey with money What his money blueprint is Property he has in New York that has $27,000 in property taxes The reason they moved from New York What he learned from life coaching school Changes he made after he went on to become a life coach His "why" How he felt after he quit his job and bought his first property Tips for financing a first deal How he started his financial freedom journey with a minimalist mindset The advantages of having a partner or mentor What financial freedom is for him Advice for budgeting Tips for allocating and creating a financial freedom account The importance of having an emergency fund How reading books helped him How he's taught his children about delayed gratification His formal plan when it comes to setting goals And SO much more! Links from the Show Tony Robbins Zig Ziglar Dave Ramsey Wildcat Run Cares for Kids Get a financial education at Robert Kiyosaki's Rich Dad Company BiggerPockets: The Real Estate Investing Social Network The BiggerPockets Blog BiggerPockets Forums Real Estate Investor Deal Diaries - BiggerPockets
#59: Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens
Scott Rieckens was raised in a Navy family. He lived on base and often shopped in the commissary. It gave him a rather skewed sense of what things actually cost. Fast-forward to adulthood. He knew he should be investing, but he wasn’t sure what to do exactly. With no outstanding consumer debt, he was ahead of his peers. But his savings rate was miniscule. Both he and his wife were contributing to their 401(k) plans—certainly a good move. However, they were missing out on some pretty massive growth by investing in a money market account instead of the stock market. Then one day… Scott queued up the latest Tim Ferriss podcast episode. He heard a story about how a guy and his family lived on around $25K a year. The guy was from Colorado and called himself Mr. Money Mustache. And just like that, Scott's life was transformed. Financial freedom became his new passion. Although it took some time to get his wife on board, they’ve now completely reset their lives. If you’re looking for ways to talk to your spouse about financial freedom, THIS is an absolute MUST-LISTEN episode! In This Episode We Cover: Scott's journey with money How he started making money The advantages and disadvantages of living in a military base The reason he ended up living in San Diego with his wife How he discovered financial independence The reason they never accumulated consumer debt His recommendation on how to track your spending How he manages his personal finances The steps he took to convince his wife to pursue financial independence The importance of happiness when pursuing financial independence And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast Playing with FIRE Documentary The Tim Ferris Show - Mr. Money Mustache — Living Beautifully on $25-27K Per Year Mr. Money Mustache Mr. Money Mustache Blog Mad Fientist Mad Fientist Podcast Paula Pant Mint Sane Fientist – My Wife’s Thoughts on Financial Independence Happiness is the Only Logical Pursuit ChooseFI Episode 21 - The Pillars of FI Tugg BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins  How to write a personal mission statement Mindy's email - mindy@biggerpockets.com Scott's email - scott@biggerpockets.com or money@biggerpockets.com
#58: Optimizing Every Channel to Achieve Financial Freedom with Grant Sabatier
Grant grew up knowing his parents didn’t have much money. He recognized their constant stress about finances throughout his childhood, and one of his first memories was his dad telling him, “Money is freedom.” Graduating from college in the middle of the Great Recession didn’t do much for his financial outlook. After bouncing around four different jobs, he landed back at home, unemployed and sleeping in the same bed he did when he was seven. Then, one day he woke up and wanted to go to Chipotle but had less than $3 in his bank account. He was 24 years old. As trivial as it may seem, this was the wakeup call he needed to turn the corner and figure out his finances—once and for all. Enter Google Mobile Ads. Grant realized the demand for digital advertising professionals was rising; he made a goal to make $1 million in that arena as soon as possible. Google taught him everything he needed to know—for free—and Grant landed the first job he applied for. He hit the million dollar mark in five years, six months, and three days. Grant now spends his time helping others figure out their finances so that they can live their best life, doing things they love every single day, through his blog Millennial Money and new book Financial Freedom: A Proven Path to All the Money You Will Ever Need. In This Episode We Cover: Grant's money journey On looking at money as a stressful thing Living with his parents again after working in a cubicle for four years How Google Mobile Ads helped him Getting Google AdWords certification for free How running Google Ads campaigns helped him achieve financial freedom On earning almost $300,000 building websites and flipping mopeds as a side hustle On saving 82% of his income How he got $1.25 million in his investment account in five years On having the "spend less, save more, and take free online courses” mindset Looking at time and money as human inventions Good step for people who just discovered the concept of financial independence The advantages of working remotely The difference between side hustling for someone else and side hustling for yourself On living a life you love regardless of the amount of money you are making The differences between financial independence and financial freedom And SO much more! Links from the Show BiggerPockets Money Podcast 28: How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper BiggerPockets Money Podcast 35: Hacking Your Life to Live for (Almost) Free with Craig Curelop BiggerPockets Money Podcast 24: Getting Financially “Naked” with Your Significant Other — With Erin Lowry BiggerPockets Money Podcast 50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington Google AdWords BiggerPockets Podcast BiggerPockets Money Podcast BiggerPockets Forums BiggerPockets: Real Estate Investor Deal Diaries Lyft Uber The Coffeehouse Investor Mad Fientist BiggerPockets Money Podcast 18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist Glassdoor Amazon Free Solo Documentary FinCon Upwork
#57: Financial Freedom, House Sitting & Travel Hacking With GoWithLess
Tim and Amy were frugal—or so they thought. They spent less than they earned, so they figured they were doing it right. Then one day, they happened upon the concept of financial independence. Turns out, they had a LOT of room in their budget to cut back. Once they did, it took them less than one year to hit their financial independence number. They're now able to retire (if they so choose)! What catapulted them down the path to financial freedom? Namely, it was downsizing their 6,000-square-foot home. Once their daughter graduates from high school, they’ll rid themselves of their current 1,800-square-foot home and house/pet sit around the world full time. They plan to stretch their retirement dollars even further by travel hacking their way between cities. Tim and Amy have combined their passion for travel (and pet sitting) into a full blown retirement plan. In this episode, the couple shares tips for getting started as a house or pet sitter, so you can stay for free when you travel, just like they do.  We also explore different options for post-retirement life. Tune in to hear what Tim and Amy cut out of their spending to make early retirement a reality. In This Episode We Cover: Tim and Amy's money journey Treasuring experiences over stuff Making money decisions based on fears Discovering financial freedom by accident Being good savers and good earners with high income How they downsized their spending from $115,000 a year to just $36,000 a year Their emotional state was after quitting their job early and downsizing significantly How they designed their portfolio to produce income in their early retirement Low-cost investments and mutual funds House sitting as a huge travel hack What house sitting is and how it works The importance of being flexible Things they miss and want to go back to And SO much more! Links from the Show Email Us! TrustedHousesitters Airbnb ChooseFI Facebook Group ChooseFI FinCon TaskRabbit Military Dollar Waffles On Wednesday BiggerPockets Money Podcast 28: How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper
#56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances
Rich Jones and Marcus Garrett are the men behind Paychecks and Balances, a podcast aimed at helping Millennials figure out their finances. And they should know a little on the subject—both Rich and Marcus made some pretty epic money mistakes in their youth. From Rich just not looking at his bills to Marcus actively going into almost $30K of debt in 72 hours (NOT a typo!), they know what owing money to someone feels like. Marcus details his D.E.B.T. plan so you can pick yourself up, dust yourself off, and pay off your debt for good. Are you looking to be debt-free in 2019? This episode can help you formulate a plan that works for your specific situation, with tips for staying out of debt once you arrive. In This Episode We Cover: Marcus and Rich's money journey How Marcus spent $26K in just one weekend How Rich optimized his budget around things he wants versus the things he needs The concept of the debt snowball Rich's hybrid approach to tackling his debt The purpose of an emergency fund Advice for being financially responsible The importance of focusing on priorities first Their advice for people on paying debts The importance of being conscious about your decisions, especially when it comes to paying debt Building responsible habits And SO much more! Links from the Show FinCon Podcast Movement Mint Annual Credit Report Bankrate Paychecks & Balances Podcast - How I Reached Six Figures in My Trading Account ft. Jason Brown- PB105 Uber Lyft We Read the 15 Best Personal Finance and Investment Books and Summarized the Action Items From Each That Will Make You Rich - Paychecks and Balances
#55.5: Testing Your Portfolio BEFORE Retirement with Millennial Revolution
A little over halfway into BiggerPockets Money Podcast episode 55, Bryce dropped a bombshell: “We had three years of runway before we actually pulled the trigger.” What he meant is that they tested their portfolio for three years before quitting their jobs. Bryce saw firsthand how it would work—and more importantly that it could work—and it gave him and Kristy the peace of mind they needed to retire early and travel the world. We moved onto the next topic rather quickly, but this is something we couldn’t leave alone. So we brought Kristy and Bryce back to dive into this topic, one that can help our listeners who may be on the fence about early retirement see that this truly works. Bryce goes deep into details of their investments—and how he reviewed and reallocated every year for optimal performance. If you’re looking for additional reassurance that early retirement is possible, this episode is what you’ve been looking for. In This Episode We Cover: What their portfolio looks like in a year leading up to them quitting their jobs How tracking their performance helped them leave the workforce And SO much more! Links from the Show BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution FIRECalc The MathShitUp-Inator - Millennial Revolution Penguin Random House The Yield Shield: Putting It All Together - Millennial Revolution How Not To Deplete Your Portfolio In Retirement - Millennial Revolution Mr. Money Mustache Early Retirement & Financial Independence Community
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Comments (18)

Dujon Blondel

so stoked to listen to this. I'm happy that he mentioned the richest m in Babylon and think and grow rich! have a good day

Feb 28th
Reply

Ivan Terrero

I can relate to this episode

Feb 17th
Reply

Travis Lee

In general I love this show, so thank you! However, I thought it was in very poor taste and offensive when at the end of this show Catholic beliefs were laughed at and ridiculed. Despite your guest's sound relationship advice in regard to finances, she obviously doesn't understand Natural Family Planning or her Church's teachings on the matter. Her "joke" was in very poor taste.

Feb 15th
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Mr Charles

I am enjoying the podcast but my only complaint is they need to figure out the audio. Sometimes Mindys mic is so low can barely hear her. the one episode I was listening to earlier I think it was 29 and the audio kept popping .I am listening to this while I'm driving and I have the volume turned up so high on my radio in the truck trying to hear everything that it deafans me when the GPS gives me directions

Feb 7th
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Austin Eschan

This is awesome . Great episode

Feb 6th
Reply

Dujon Blondel

thank you for a wonderful pod cast filled with information. I am grateful to hear this while working on my budget and financies!

Jan 20th
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Jordan Thomas

This is a great show that can help anyone looking to learn more about personal finance, saving for real estate investing, or just becoming more efficient in any area of life

Nov 19th
Reply

Damien Thorne

Scott seems like a really thoughtful guy, and is an excellent host that brings out the best of the interview subjects. Mindy is terrible. If there is a way to steer the conversation toward her and her journey to fi she will find it. Sorry Scott. Find a new sidekick amd I'll continue to listen.

Oct 1st
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Colin Coats

Damien Thorne if you actually listened to the podcasts, instead of being a prick, you might be in FI for yourself. Instead you choose to spend and hour of your life trying to find an issue with a podcast and leave a negative comment. Love you Mindy, keep it up.

Oct 8th
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Mackal Smith

qqWAq11 ASA!!~Qss asQ c@!°@+×

Sep 27th
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Michael Landgraf

Mackal Smith insightful

Jan 16th
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Eric

amazing show

Sep 25th
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Lucas J Garcia

Amazing show, I love it! filled with valuable information and resources. I love Mindy and Scott yall are amazing, filling my head with knowledge and humor. No better way to start my day!!

Sep 20th
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Colin Coats

Very powerful way to look at investing. Does JL Collins, have his own podcast?

Sep 7th
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TheKing

the girl is about as annoying as it gets

Jul 13th
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Katie Wallace

Mindy Jensen I think you're great, Mindy!! love the podcast.

Dec 16th
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Mindy Jensen

TheKing Sorry you don't enjoy this show, there is a real estate show and Choose FI is also a great money podcast.

Jul 24th
Reply

Joshua Coulter

honestly the best podcast anyone could listen to.

Apr 17th
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