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Join Mindy Jensen and Scott Trench (from BiggerPocketsMoney.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 reach financial independence.
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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 hackingstrategy!
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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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With a few money tips for 2024, you could take your savingsto a new level this year. From investment feesto 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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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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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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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
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Today, we’re going to show you how to pay off credit card debt FAST. It isn’t glamorous, and it won’t be easy, but if you can do it, an entire world of wealth-building, opportunity, and financial freedom awaits. So, if you’ve gotthousands in credit card and consumer debt and are tired of feeling shackled to failing finances, get ready to take some notes—this is what it takes to become debt-free!
Brittney Reynolds found herself like many Americans: out of money, maxed out on credit cards, living well above her means, and having no financial independence. She was going on vacations she couldn’t afford, renting in a high-cost-of-living area, seeing her debt climb with every swipe, but realizing too late how much of a problem it was. By the time Brittney faced reality, her credit card debt had ballooned to $36,000. But, instead of ignoring it, she made some drastic life changes.
Now, only a few months into her debt payoff journey, Brittney has already paid off $12,000 in credit card debt, with plans to be entirely debt-free by the start of the summer. How will she pay off such a massive amount of debt in under a year? Stick around to hear her strategy; if you’re in a situation like her, you too could be debt-free faster than you think!
In This Episode We Cover
How to pay off credit card debt FAST, no matter how big your balance is
Building wealth as a complete beginner and how to invest when starting from zero
The simple ways that we overspend without even realizing it
How not having enough savings can leave you vulnerable in life
One move that will help Brittney pay off her debt in record time
Whether to invest, save, do both, or neither while paying off debt
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-488
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If you’re after the best money tips for 2024, we’ve got you covered! Every dollar counts when it comes to improving your finances, and our hosts are offering some invaluable end-of-year advice to help you do just that.
In part one of this four-part series, Mindy and Kyle will help you prepare for 2024 with money reviews, money dates, and home improvement project planning. Of course, your credit score plays a key role in your financial journey, so we will show you how to keep an eye on it and view your latest credit report for free.
Do you have unnecessary subscriptions that eat away at your bank account balance each month? We have a tool that allows you to cancel them automatically. Finally, does someone OWE you money? You’ve got to try the secret hack we use to find and claim free money each year!
In This Episode We Cover
The end-of-year money review you MUST have in 2024
Why you NEED to plan regular money dates with your partner
Saving money when planning home improvement projects
The secret tool we use to cancel unwanted subscriptions (without doing a thing!)
Keeping your credit in check with free credit reports
How to claim the FREE money you’re owed (but didn’t know about!)
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple
All the Money Hacks We WISH We Had Known About
Check Your Credit Report for FREE:
Get Expiring Debit Cards for Your Subscriptions with Privacy
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-487
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JL Collins is one of the most respected authors in the financial independence community. His book, The Simple Path to Wealth, became the FIRE movement bible, giving clear, concise, easy-to-follow, and often unbelievably simple advice on achieving financial independence and retiring early. One of the most striking lessons from the book? You DON’T need to be rich to retire early or build wealth. Whether you make $40K or $400K per year, you can start building your financial freedom TODAY.
Since its publication, The Simple Path to Wealth has inspired millions of people to find financial freedom, and many who have achieved financial independence or are well on their way have been in contact with JL. In his new book “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence?And How to Join Them,” JL shares stories of the rich, poor, and even bankrupt readers who were able to turn their lives around and find financial freedom, no matter their circumstance.
So, if you’ve been telling yourself that you CAN’T retire early because of a low paycheck, dire financial situation, or expensive lifestyle, think again. In this episode, JL will show you EXACTLY why YOU can be rich IF you follow some simple steps on the path to financial independence!
In This Episode We Cover
The simple, repeatable path to wealth that ANYONE can follow to become rich
How to achieve your huge retirement goals even when starting from zero
Why financial independence is NOT just for the rich and already wealthy
The lifestyle “trap” that will stop you from ever achieving FIRE
The problem with the 4% rule and why you CANNOT trust it for a happy retirement
How to build wealth when everything (and we mean EVERYTHING) goes wrong
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Hear Our Past Episodes with JL
How Has The 4% Rule Held Up Since The Tech Bubble And The 2008 Financial Crisis?
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-486
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Everyone wants to know how to get rich. And here’s the truth: getting rich might be much easier than you think. While most people would assume the wealthy grind their way to success, this isn’t always the case. In fact, rich people are FAR lazier than you think, and we’re not saying that in a bad way. Rich people make money while they sleep, so they don’t HAVE to work harder every day. Want to know how you can do the same? Vivian Tu, AKA “Your Rich BFF,” will show you how!
Vivian grew up with super-saver immigrant parents who taught her the value of money. When she went off to college, she realized a whole new world of wealth existed—this was only multiplied when she became a Wall Street trader. Vivian saw the fancy suits, the designer bags, and the jewel-studded bracelets and realized that these “rich” people were doing something most people didn’t know about. After her friends and coworkers wouldn’t stop asking her for financial advice, she decided to take her knowledge to the masses.
In her new book, “Rich AF: The Winning Money Mindset That Will Change Your Life,” Vivian details what the rich do that you (probably) don’t. These habits of the wealthy can change your life and upgrade you from the position you’re in now. In today’s episode, we talk about the tools you can use to get rich, why you’re playing real-life Monopoly all wrong, and how rich people think to build wealth even when they’re not working.
In This Episode We Cover
Habits of the rich that most Americans have no idea about
Why you need to STOP saving money and start doing this instead
Financial literacy for all and how to start learning the money game even if you think it’s too late
Asking for raises, job hopping, and how to start getting paid what you deserve
The ONE place you should put your cash that could be making you extra money every month
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Hear Our Last Interview with Vivian on Money and Relationships
5 Habits of the Wealthy That Helped Them Get Rich
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-485
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
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Ho ho ho! We hope you had a holly, jolly, frugal, and festive holiday season. With the BiggerPockets elves off tinkering to make even greater shows for next year, we bring you one of our FAVORITE episodes for an encore! In this show, you'll hear about two VERY late starters who were able to reach retirement right on time!
If you think it's too late to retire, think again!
______
Is early retirement possible if you’re dead broke in your 50s? What about regular retirement when you have anegative net worth later in life? If you feel it’s too late to retire, today’s guests are here to prove you wrong. After waking up at fifty with zero dollars to her name, Becky Heptig faced a dilemma—make a change or work for the rest of her days. So Becky and her husband, almost overnight, flipped their lifestyle around and started saving and investing everything they could. Now, she’s retired as a millionaire with complete financial flexibility.
Bill Yount wasn’t just worth zero dollars; he had a negative net worth at fifty. Even with a high-paying job, new cars, and a nice house, Bill was miles away from retirement but took the same path as Becky as he aggressively saved and started planning for retirement. Just a few years out from retirement, Bill has millions stashed away, a luxury lifestyle that his investments support, and a boat-sized amount of cash in his bank account.
If you think it’s TOO late to retire, you’re wrong. Becky and Bill prove in today’s episode that even if you’re starting late, with NOTHING to your name, retirement is only a decade (or a few years) away. You’ll hear EXACTLY how they retired early when starting from zero, the “wake-up call” late starters MUST have, and what you can do TODAY to get your retirement planning on track!
In This Episode We Cover
How to go from broke in your 50s to millionaire (or multimillionaire) in your 60s
Lifestyle creep and why a high income is dangerous for most Americans
How to reverse your “spend first, save last” mindset and start investing for your future
The “wake-up call” that caused Becky and Bill to change their financial mindset
Whether or not it’s ever “too late” to retire (and what to do if you’re there)
Becky and Bill’s advice for those that are broke in their 40s, 50s, or 60s
Why you should NEVER buy a boat
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Grab Scott’s Book, “Set for Life”
Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-484
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
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At twenty-nine years old, Andy Johnson had achieved lean FIRE. He had enough to survive but not enough to make his future family comfortably financially free. All he needed to do was work a little longer, make a bit more money, and intensely invest. That plan went out the window when Andy woke up one day, unable to return to work. The high levels of stress and constant demand from clients got to him. He quit his high-paying job with no plan.
Over the next year, Andy did something incredible. Even without a steady paycheck, he built a massive real estate portfolio in just ten months, bolstered his family’s investments, and now, a few years later, in his mid-thirties, hasachieved true financial independence. How did he do it in such a short amount of time WITHOUT a job? His method is one only the savviest of investors would have thought of.
In this episode, you’ll hear how Andy bought twenty-one rental properties in under a year, paid just $1,500 in taxes on a $200,000 gain, and was able to move to a more expensive area, retire part-time (by choice), and reach ultimate financial freedom. If you’re stressed at your job and looking for a way out while keeping your investments and bank account intact, this episode is for you!
In This Episode We Cover
Quitting your job with NO plan and how to ensure you always have the ability to walk away
How Andy bought over twenty rental units in just ten months
Avoiding capital gains tax and how to legally lower your taxes DRAMATICALLY
Using real estate leverage to get rich and the right way to analyze a rental property
Long-distance real estate investing and how to get connected to the best agents, property managers, and contractors in the area
The “part-time jobs” Andy is taking up in retirement (even though he doesn’t have to)
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Turning 9-to-5 Burnout into 24 Doors (in a Year and a Half!)
What to Do Before You Quit the High-Pay & Benefits of Corporate World
Physician on FIRE’s Tax Loss Harvesting Blogs:
Top 5 Tax Loss Harvesting Tips
Tax Loss Harvesting with Vanguard
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-483
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How do you turn a TINY side hustle into a full-on income stream? Even more, how do you make your side hustle a multimillion-dollar business that employs dozens of people and gives you the financial freedom to do what YOU’RE passionate about? Today, we chat with Mari Llewelyn, founder of Bloom Nutrition, about her incredible journey of weight loss, financial literacy, starting a side hustle, and growing a HUGE business.
Mari’s entrepreneurial journey started long before she decided to make supplements. One day, she woke up and realized she had hit rock bottom. She was the heaviest she had ever been, had no money to her name, zero autonomy, and close-to-no willpower to pick herself back up. After growing tired of relying on her parents for money in college, she decided to get a job at the front desk of a gym.
She was making money, and things were starting to improve, but there was one big hurdle left: the weight. In this episode, Mari talks about her incredible journey to losing ninety pounds, how she started selling five-dollar workout programsfor extra cash, and her explosive social media growth that allowed her to build a multimillion-dollar business before age thirty!
In This Episode We Cover
Building money skills after being raised in a household where finances are “taboo”
How to pick yourself up when you’ve hit “rock bottom” financially and emotionally
Turning your social media followers into loyal customers when you start a business
Starting tiny side hustles and the EASY way Mari made her first self-employed dollars
Paid ads, marketing your product, and the one thing that helped Mari’s business explode
Developing products and how to know you’ve made something that customers will love
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Money Moment
Building a Massively Profitable Business Around Your Passions
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-482
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com
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