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BiggerPockets Money Podcast

Author: BiggerPockets

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

Join Mindy Jensen and Scott Trench (from 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.

160 Episodes
He really is the man who needs no introduction (but here’s one anyways). Bill Bengen, the inventor of the 4% rule (and personal finance hero of Mindy & Scott) stops by the Money Podcast to talk about how he calculated his famed 4%, how he managed his client’s portfolios, and how the 4% has aged throughout the past three decades.In his Original Article from the Journal Of Financial Planning, October 1994, Bengen outlined a groundbreaking calculation: a 4% withdrawal rate from your retirement accounts is all you need to comfortably retire (if enough is saved up). Bengen was hit with praise and criticism, but is still applauded to this day for having such a simple yet crucial metric for knowing how & when you can retire.Using over 200+ retirement account portfolios spanning decades of time as research, Bengen still says with confidence, the 4% rule is a winner! He has the proof and we couldn’t agree more.Whether you’re a few years or a few decades away from retirement, this episode features life-changing advice from one of the leaders in financial research. This is an episode you won’t want to miss!In This Episode We CoverWhat the 4% rule isHow Bengen came up with the 4% rule and why it stands the test of timeHow inflation becomes the “thief in the night” for many investorsThe best (and worst) times to investHow to stay the course during financial downturnWhich asset classes boost great returns and withdrawal ratesSteering clear of “1 more year syndrome”The importance of rebalancing your portfolioHow to not accumulate too much wealth for retirementWhy everyone needs to learn how to be a saver, so they can enjoy life!And So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets Forum
To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. She was $70,000 in credit card debt, with a big mortgage, and a spouse that had a medical emergency. So how did she make her way to the millionaire retirement level?Through financial management communities like the FIRE movement, she was able to correct her spending faults, earn more, and invest most of her income into retirement accounts.Kathy put in the work to change her mindset about money as a whole, and reach for abundance instead of just survival. Now, Kathy teaches others how they can reach their retirement goals (even if they’re behind where they want to be) on her Baby Boomer Super Saver blog.Whether you’re just starting your career, or are a few years away from retirement, Kathy has some incredible tips on money management, maxing out retirement contributions, and being intentional with your money and your journey.In This Episode We CoverHow to reach your retirement goals even if you start later in lifeSnowballing your debt so you can save moreChanging your financial mindset to get where you need to beThe 2 key ways to get your retirement savings upHow catchup contribution accounts like the 457b plan can accelerate your investingBeing intentional with your money while lining up your saving/investing with your valuesThe importance of educating yourself and not relying entirely on others for financial adviceAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave RamseyBiggerPockets Money Podcast 18 with Mad Fientist
You may know Tony J Robinson as the co-host of the Real Estate Rookie podcast, but you probably don’t know his backstory.As a single dad working his way through college and student debt, Tony knew that he needed to have a plan in place to pursue his goals and find financial freedom. He also knew he didn’t want to repeat the same real estate mistakes as his parents.He went from an engineering student, to owning a small tutoring business, to marketing, and finally landed a sweet gig at Tesla!After paying off debt, creating a healthy reserve fund, and divvying his money into over 20 different checking accounts (yes, 20+), he was able to reap the rewards of smart financial management and chase down freedom through real estate.If you’re trying to consolidate debt, find ways to make more money at a job, or leverage creative funding to finance your next deal, Tony has a solution to your problem.In This Episode We CoverHow job jumping can accelerate your raises and income growthWhy EVERY investor (and person in general) needs a healthy cash reserveThe importance of talking to your children about financeWhy being good at math doesn’t mean you’re great at financial management How paying off debt can drive investment fundingHow to fight lifestyle/income creep so you can live below your meansThe strategy to leverage your stock portfolio for real estate fundingCreating the “why” behind financial decisionsAnd so much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave Ramsey's Envelope System ExplainedBiggerPockets Money Podcast 149 with Nick GrooverBiggerPockets Money Podcast 112 with Natalie KolodijRookie Podcast 10 with Tony RobinsonRookie Podcast 37 with Tony Robinson
Cristina Livadary immigrated to the US when she was 6, and less than a year later, her father left, leaving her stranded with her mother and sister. She didn't speak the language, had no money, and lived in hotels until her mother was able to find steady work as a chef.She grew up without much in the way of financial education, but did secure a water polo scholarship to Bucknell. Until a rotator cuff injury lost her the funding at the beginning of her third year. She left college with $100,000 in student loans and a burning desire to find a high paying job to live out her Carrie Bradshaw dreams of living in NYC.She spent two years in New York, working hard and spending harder. She moved to LA to run a division covering California and Hawaii, and decided she needed to make a big change.Cristina stopped spending lavishly on things that didn't matter, started focusing on what made her happy, and now helps others manage their finances to get money out of the way and live their best lives.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 55 with Kristy and BryceBiggerPockets Money Podcast 55.5 with Kristy and BryceBook:The Seven Stages of Money Maturity by George KinderThe Psychology of Money by Morgan HouselConnect with Cristina:Mana Financial Life Design
Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot.He has some debts he'd like to knock out so he can start investing in real estate, and potentially start a business. He just got a promotion and a raise, and on paper is doing pretty good.But Nick needs to start budgeting, because a dollar here and five dollars there is eating up his overage, so there is very little to save.In today's episode, Scott and Mindy sit down with Nick to go over his current financial situation and use their life experiences to suggest easy wins to help pay down his debt, start saving for future real estate purchases, and start investing for retirement.Nick's in a good place right now, but following Scott & Mindy's suggestions should help him get money out of the way so he can go on to lead his best life!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave RamseyMobile Expense Tracking App - Waffles On Wednesday
Chris Hogan joins Scott and Mindy today to chat about becoming an everyday millionaire.Chris and his team interviewed more than 10,000 millionaires to hear how they did it. Hard work, determination, spending less than you make, investing wisely, and eliminating debt.Chris shares how to discuss your finances with your spouse - and how to bring them on board when you have differing views about money. He talks about the emotional journey that debt paydown can take you on - and how to handle that so you come out on top!Chris also reveals his feelings about FIRE - and how there is too much focus on the RE and not enough on the FI. He wants you to become Financially Independent but also wants you to enjoy your journey.Chris firmly believes that anyone can become debt free and start to build wealth to become an Everyday Millionaire.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave Ramsey's 7 Baby StepsBiggerPockets Money Podcast 50 with Patrice WashingtonThe Retire Inspired QuotientBooks:Everyday Millionaires by Chris HoganThe Richest Man in Babylon by George S. ClasonThe Total Money Makeover by Dave RamseyConnect with Chris:Chris Hogan's Website
Cathleen Hutchins grew up in Hawaii. She come over to the mainland for college, but Hawaii kept calling her name, so she moved back home.Hawaii is an expensive place to live, and Cathleen knew she'd need a plan in order to reach financial independence if she was going to live there for the rest of her life.So she saved. She invested. She made smart decisions about her money and is continuously looking for ways to generate passive income to help fund her retirement.She has also sacrificed some comforts and norms to get to where she is today. She and her husband lived apart for a while, both living where there was a job for each of them, not always in the same state!But her sacrificing and saving has allowed her to move home to Hawaii, buy a house, and continue to pursue financial independence in a high cost of living area.Cathleen is well on her way to Financial Independence and her story is just another example of how following the proven path, you can get money out of the way so you can lead your best life.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 35 with Craig CurelopBiggerPockets Money Podcast 95 with Craig CurelopBiggerPockets Money Podcast 120 with Michael KitcesBiggerPockets Money Podcast 144 with Kirk ChisholmMr. Money MustacheBooks:Set For Life by Scott TrenchThe 4-Hour Workweek by Timothy FerrissThe Simple Path to Wealth by J L CollinsRaising Your Money-Savvy Family For Next Generation Financial Independence by Carol Pittner and Doug NordmanRich Dad Poor Dad by Robert KiyosakiConnect with Cathleen:Cathleen's Website
Ambus Hunter grew up with a fair understanding of how money works. He received a partial scholarship to play drums in college, and graduated with a small amount of student loan debt.His first job was with the Department of Defense, making a decent salary for someone who had just graduated from college. He started saving his money, like a good FI-devotee does, but his story takes a sharp left turn.Ambus discovered gambling.At first, he was winning. (That's how it goes with gambling, right?) But then his "luck" changed. Because that's also how it goes with gambling, right?Ambus chased his losses, and ended up wiping out his entire savings account. That was when he knew he had to stop cold turkey.He then threw everything he had into building his savings back up, taking on extra jobs, living with roommates, and cutting out everything unnecessary in his life.In one short year, working nights and weekends, spending as little as possible, and throwing every dollar into his savings, he made it all back.Now Ambus helps guide others on their own path to financial literacy through volunteering and through his own coaching programs.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 10 with Liz ThamesBiggerPockets Money Podcast 143 with Shannon GauthierHow Gambling Away My Savings Strengthened My Relationship With Money
Chelsea Brennan was a hedge fund manager for several years - until her second pregnancy when she ended up in the hospital with sever complications brought on by the stress and emotional toll her job took on her.She and her husband looked over their savings and investments, and decided that she'd leave her job in order to focus on her health and her kids.Her baby was born healthy, but their income went from six figures to zero figures, and she needed a way to bring some money in.She looked back on her love of teaching, and decided to start a website devoted to teaching women - and moms specifically - how to handle their money.Chelsea is truly passionate about teaching the power of financial independence and being in control of your life. Are you struggling with your finances? This episode is a cannot miss!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 133 with Doc GFree Money Mamas Guide to Investing
Kirk Chisholm is a fee-only investment advisor with a secret passion - finding new and different ways to invest money.Kirk shares his Big List of 75 Alternative Investments with us today - and more importantly, how to vet the investment vehicle to see if it's right for you.Not everything is a great fit for every person, and you certainly don't have to choose everything on the list. Play to your strengths when choosing investments and don't discount passion for an idea. If you HATE the thought of learning more about that investment vehicle, you won't put forth the correct amount of effort necessary to master it.Kirk also dives into how to sell these types of alternative investments - including at significant discounts if it's an illiquid asset that you need to liquidate fast. Secondary markets exist for all asset classes, and there are ways to pick up a good deal on the secondary market as well.If you're looking to diversify your portfolio, today's show is a can't-miss episode!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsAgainst the Rules with Michael Lewis PodcastThe Big list of 75 Alternative Investments
Shannon Gauthier discovered the debt she and her husband had gotten themselves into when a debt collector caller her at work and she started asking questions.Shocked to discover $30,000 in unpaid debts, she quickly found herself a single mom as her husband left.She tried to pay them off as best she could, but found herself somedays deciding whether to buy a gallon of milk or a gallon of gas to get to work.Fast forward a year, and she met a new man who brought significant debt with him to the relationship - to the tune of $60,000!Each of their divorces added more debt to their pile and at the height their debt totaled $160,000. Their income trailed this debt at $65,000 and they knew they'd have to do everything in their power to knock out this debt.They moved in with his parents to pay lower rent and have someone to watch the kids while they worked. They couponed and did free things with the kids to be able to throw every single dollar they could at their debt.This approach paid off, because by the end of the year, they will be completely debt free and be able to start saving and investing and working toward financial freedom.If you're in debt and see no way out, this episode will show you there IS a way to paying down your debt, that it isn't always easy, pretty or fun, but it CAN be done.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave RamseyPinterestBiggerPockets Money Podcast 130Mindy's email
Scott & Mindy sit down today to answer questions sent in by listeners. They address topics all over the board - from student loan repayment and early retirement account withdrawal under the CARES act, to the best high-yield savings accounts, and planning for the gap between early retirement and traditional retirement age when you can access your retirement accounts penalty free.Scott & Mindy also discuss different investing platforms as well as retirement planning, taxes, and even how inflation might affect your retirement future.They take a couple of calls from listeners to chat about the best current use of retirement funds. This episode will help clear up some of the questions you may be having on your road to early financial independence.Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsRobinhood Facing Multiple SEC Investigations Into Its Business PracticesHow to Access Retirement Funds EarlyWhat Is a Self-Directed Brokerage Account?BiggerPockets Money Podcast 119BiggerPockets Money Podcast 116 with JL Collins
Blake Nielson is a college professor whose wife stays home to raise their four children. Despite having only one income - and six mouths to feed - they have paid off their home and are on the path to early financial freedom. Blake currently loves his job and has no plans to stop working - but still wants the freedom that financial independence gives.So how did he do it? He started off debt free from college, a HUGE leg up in life in general. Blake details just how he accomplished this feat, from college selection to funds available, scholarships and even working during the school year and especially during the summers between.Blake even shares a Solid Gold tip for finding out about scholarships that aren’t well publicized!Blake also strategically chose where he lived during his college years. He specifically chose a rental that was priced significantly lower than the “college” rentals in town - but still close enough to walk to school.There is no secret to Blake’s success. He put in the work at an early age and is on track to hit lean FI by age 40 and Fat FI by 45. Spend less than you earn, invest wisely. Blake shows you can live the FI life with four kids and one income.In This Episode We Cover:Blake's money storySimple principles of frugality4 keys that any person can go to college debt freeTalking about school selectionHow he budget his moneyHouse hackingTalking about scholarshipsHis experience after getting a PhDBlake's jobThe problem that most people have with negotiationAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 80 with Rich & RegularBiggerPockets Money Podcast 32 with Mr. & Mrs. PoPBiggerPockets Money Podcast 64 with Zach Gautier
Belinda Rosenblum is a CPA, a certified coach and her clients include Harvard Business School, Harvard University and the SEC. She’s worked for Arthur Andersen and L3 Enterprises. She’s got money all figured out, right?Well, she does now…On today’s episode, Belinda shares her biggest money mistake - ignoring a giant pile of mail as she cared for her recovering father.Once she cleared that up, she focused on her own finances, growing her net worth to more than $1 million by the time she was 33. She quickly realized that her trajectory was NOT taking her where she wanted to go. So she pivoted.She took a new job with a huge bump in pay and rode out their boom and subsequent layoffs, taking a package to leave and using that opportunity to travel to India, a life-changing experience.When she came back, she realized she didn’t need all the things, didn’t need the stress that came with the big corporate job, and struck out on her own, filling a need she saw in her own friends - financial education.Belinda parlayed her financial knowledge into a multi 6-figures company, pivoting again last year to helping businesses strategically and consistently generate income.This episode is for anyone who has made a money mistake, anyone who has gotten past one, or anyone looking to start their own business to truly live the life they want.In This Episode We Cover:Belinda's journey with moneyHow she worked out with her money managementEmotional side of moneyWhat she did after she was laid offHer experience during her financial advising jobsBiggest challenges for entrepreneursTalking about her businessHow she grow her businessUnconscious spendingHow her clients think about taking the leap away from a job into entrepreneurshipHow to start a businessAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets Forums5 Simple Ways to Create Consistent RevenueMoney-Making Tracking Sheets
Life Insurance is the most exciting topic on the planet!Just kidding. But just because it isn’t a super exciting topic doesn’t mean you don’t need to know about it.Today, Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins Scott and Mindy to talk about Life Insurance. Joe comes from a background as a financial planner and was licensed to sell every type of insurance product available.Joe is here today because he understands how life insurance works - how it's priced, how you can use it, the pros and cons of the product - but he has no skin in the game whether you buy life insurance or not.He's the perfect person to explain this product from a factual standpoint and let you make the decision of what type - if any - is best for you, based on facts, not commissions.Joe walks us through the basics and shares how life insurance actually covers you - from term, to whole, to universal life. There's no bad product, only different ways of paying out.If you're struggling with how to figure out what life insurance policy is right for you, this episode can't be missed.In This Episode We Cover:How life insurance worksHow to incorporate life insurance into financial planningWhat bucket of insurance should people be thinking aboutHow does life insurance gets priceWhole life insurance versus term life insuranceUniversal life insuranceWhat decreasing term policy and level term policy areThings that affect insurabilityTax triangleIs life insurance payout taxedWhat age should you get life insuranceWhat makes good life insurance policyCommon reasons for being denied in life insuranceAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsBiggerPockets Money Podcast 40XY Planning Network
Farnoosh Torabi grew up talking about money. Her parents are from the Middle East, and in her culture, they “never miss a moment to talk about money.”As the go-to girl for finance advice among her friends, imagine her surprise when she sat down and looked at her financial situation to discover tens of thousands of dollars in credit card debt! Farnoosh realized that paying for everything with a card, then paying the minimum balances didn’t lead to debt free life.Not wanting to continue a life of debt - mainly so she wouldn’t have to tell her mom - she hustled during school. Taking class notes and selling them on her school’s notes system, babysitting, bird sitting, anything that would generate income so she could throw money at her debt and pay it off.Graduation took her to New York City and a stroke of luck found her a shared apartment with a married couple for $500 a month. Definitely less than she could find on her own. She started off making very little, and strategically increased her income to offset the fact that she “isn’t a good saver.”Farnoosh has parlayed her own financial knowledge into a career teaching others how to manage their own finances. From books, to podcasts, to television, Farnoosh is everywhere, educating this oh-so-important skill so that others can work toward their own financial freedom.In This Episode We Cover:Farnoosh's journey with moneyWhere she learned about moneyTalking about her money behaviourHow she got rid of her debtHer approach on accumulating her assetsHow real estate helped herHer advice on people who are in a relationshipThe leading cause of a divorceThe right time for people who are just starting to date to talk about moneyWhat her asset allocation looks likeAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupFinConNextAdvisor with TIME | Smart Money MovesBiggerPockets Money Podcast 119BiggerPockets Forums
Felicity’s story to financial independence is going to be similar to listeners of The BiggerPockets Money Podcast. She got a good paying job, spent less than she earned, intelligently invested in Index Funds and is now financially independent at the age of 30.Easy, peasy, lemon squeezy.Except, it’s NOT that easy, actually. She lives in America, and for much of that time, she lived in a very high cost of living city, Boston.Felicity rented a 250 sq ft apartment with her husband, Fergus, while he was in graduate school - because he didn’t want to live above his means, and he was making less money than she was at the time.In fact, Fergus is leery of the 4% rule, and would be much more comfortable if they were only pulling 2%-2.5% of their retirement funds every year.Their story illustrates the point Mindy makes so frequently in this podcast, “personal finance is personal.” Their story also illustrates the path one must take to get to financial independence.Spend less than you earn. Intelligently invest. Stay the course through the tough times. This too shall pass.In This Episode We Cover:Felicity's journey with moneyTalking about her unconscious spending and fixed expensesWhat she did with her money prior to discovering financial independenceThe moment she started his financial independence journeyHow she got obsessed with personal financeConversation about money with her husbandHer approach on her moneyTalking about happinessWhere she planted her moneyAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupThe Power of Financial Freedom - Fetching Financial Freedom5 Ways Losing 50 Pounds and Saving $1M Was Exactly the SameDonating a Year’s Salary to Our Donor-Advised FundMintMr. Money MustacheBiggerPockets Money Podcast 120 with Michael KitcesMillennial RevolutionMindy's emailScott's email
Doug Nordman wanted to teach his daughter about money. But he knew that to get it right, he’d have to start when she was very very small. So he did. First, he taught her how to count, then he taught her how to add, then he showed her what she could do with money by using cash in transactions.As Carol got older, she was able to handle the cash herself, learning how to make change, count change, etc. Carol started “earning” her own money, through allowance and jobs - which could only be done after her (non-paid) chores were complete.Doug’s common-sense approach to teaching his daughter about money is actually quite brilliant. She starts learning about money - and making money mistakes - when the stakes are low. Your 8-year-old making a $20 mistake is far better than your 20 year old making a $10,000 mistake because he or she never learned how to manage money.Carol joins her dad to talk about how these teachings affected her life - and how she is planning on teaching her own daughter about money and finances. Carol and Doug have combined their recollections of this time together and written a book called Raising Your Money-Savvy Family For Next Generation Financial Independence, and it is the blueprint for exactly how to raise children who are ‘good with money’ and how to prepare them to be adults who are great with money.If you’re struggling with how to teach your children about money, this is a must-listen episode.In This Episode We Cover:Doug's journey with moneyHow he learned to be smart about moneyHow he budgeted money on raising a childWhat does high savings rate means to himCarol's outlook about financeCarol's financial storyOverview of Carol's financial positionLean FITalking about Carol's husband and his view about moneyDoug's advice on how to approach your kids when you are just starting out on this journeyWhere they planted their moneyAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupCNBCChooseFI
Seth Williams invests in real estate in a way you may have never heard of before. He buys and sells land. And no, he’s not a developer. He literally buys a piece of blank dirt, and then sells it—frequently within days of buying it—for fairly high margins. And he does this without taking out loans for the purchase.How?He’s paying hundreds of dollars for this land, as opposed to hundreds of thousands of dollars for a piece of land with a house on top of it. He turns around and sells it quickly, frequently realizing a 300% profit—or more!Even better? Deals are EVERYWHERE! Land is literally everywhere, and deals can be found very easily. (We discuss several ways to find absentee vacant landowners, many of whom just want to be rid of the property!)Seth shares what to look out for in a deal so you minimize your chances of getting burned and what makes a deal great. He shares different ways to find these deals and even gives guidance for doing your homework so you know exactly what you’re buying.If you’d like to get started in real estate but may not have the funds or simply don’t have the time or desire to run a flip, land may be your way in.In This Episode We Cover:Seth's money journeyHis first land dealThe reason why people buy landHow to get into your first deal buying landWhat you should know about title insuranceDealing with mistakesAll about title searchesTax implications of buying landThe best and worst type of land for those just starting outAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupDave Ramsey's Envelope SystemThe title search article/videoLand Flipping LifecycleHow to Juggle Your Real Estate Business with a Full-Time JobSix Months After Quitting My Job, Here Are My Honest Thoughts
Chris Browning had dreams of creating movies for Pixar - until he started art classes in college and realized that wasn’t his calling.He was also taking a personal finance class and thoroughly enjoyed it, so he changed his major to finance and never looked back.Chris should have perfect finances, right? Well…Chris found himself in debt after graduating in 2009 and working as a bank teller, trying to impress his girlfriend (now wife). He took control of his finances, telling his girlfriend that they needed to reign in their spending so he could pay off debt. But once his debt was gone, he started saving in earnest for an engagement ring, spent everything he had on that, and found himself in debt again when they started planning their wedding.Life happened, debt continued to stack up until they realized they were $27,000 in debt, with salaries just over that amount - all while living in Southern California.Living paycheck-to-paycheck makes it hard to throw extra money at your debt. Chris and his wife reviewed their spending and were shocked by what they were spending on. Once they knew where their money was going, they were able to drastically reduce their spending and throw more money at their debt.It turns out, tracking your spending and sticking to a budget are both excellent pieces of advice that can help anyone turn their financial situation around and start down the path toward financial independence.In This Episode We Cover:His journey with moneyHow much debt he has on his weddingWhat he did on paying off his debtChanges he make while paying off his debtHow he approached his wife on making changes about their budgetTalking about his emergency fundDave Ramsey's baby stepsHow he plan his retirementSteps towards saving for early retirementWhen did he discover Financial IndependenceHis vision for retirementHow to use credit card responsiblyHis tips on travel hackingAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupMint: Budget Tracker & PlannerBiggerPockets Money Podcast 75 with Justin from Saving SherpaBiggerPockets Money Podcast 39 with Jamila SouffrantBiggerPockets Money Podcast 15 with Brad and Jonathan from ChooseFIDave Ramsey's Envelope System
Comments (36)

Ivan Terrero

Very inspiring

Nov 23rd

Ivan Terrero

Scott didn't ask him what was his favorite joke to tell at parties

Nov 5th

Matthew McKibben

the fact that this man graduated without student debt and has still gone on to helping people pay off over a billion dollars in student loan debt shows something. it's cool to me how people can make a business out of helping people. It's one of the reasons I love the FI community. I'm excited to get to the point that I can help more and more people better their lives.

Oct 10th

Matthew McKibben

I need to listen to this episode at lease 4 times. on the really good ones I try to listen twice and then twice sitting down taking notes and this is for sure the one I'm going to do that with

Aug 21st

Matthew McKibben

I love the show. I've been listening to BP the original for years now and in some ways I like this one almost more. its diverse and always goes over stuff that's really helpful with how to live and grow your wealth.

Jul 8th

Matthew McKibben

I am for sure going to start doing this. I can cut but I suck at grocery shopping and a lot of my food goes to waste. I've wanted to start meal planning and I'm going to check out Erin's website and really start doing what I need to cut my spending in this area.

Jul 8th

heather lakes

how exactly is he the right person to give advice on this topic??? he didn't have student loan debt...

Jan 5th

Jawad Rasul

I am curious to know the answer that Scott asked. What were the 20 cities and what data points was she looking at?

Dec 2nd

Jason Leonard

climate change.... really?

Nov 22nd
Reply (2)

Megan Buchheit


Jun 18th

Steve Diahy

Make 90k thats the fastest path

Jun 17th

D Lewis

Incredible!! Thank you for this episode. Paradigm shift for me when thinking of working smarter not just harder.

Jun 5th

Steve Diahy

she was recently on 2 other podcasts

May 30th

Scott Bramlett

Liberty Shares is what you are looking for.

May 6th


Doug Nordman, David pear

Apr 16th


Money mustache and mad finatist

Apr 15th

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

Ivan Terrero

I can relate to this episode

Feb 17th

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

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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