BiggerPockets Money

BiggerPockets Money

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BiggerPockets Money episodes

  • 527: Retired at 49 on an Average Salary after Getting a “Late Start” to FIRE

    Think it’s too late for early retirement? Do you feel like just because you’re in your late thirties, forties, or fifties, FIRE doesn’t make sense for you? Well, think again because today’s guest defied the odds by retiring over fifteen years early, all while raising her daughter on her own and without a six-figure salary to sail her swiftly to a million-dollar net worth. Plus, she did all of it with no investing experience. If Jackie Cummings Koski can do it, so can you!

    Jackie grew up in a single-parent household. Her father worked hard to support her and her five siblings. This instilled a strong work ethic in Jackie and made her realize that running towards hard things, not away from them, was the true path to success. She figured out college on her own and, shortly after, landed a corporate job that took her far away from the small town she grew up in. She got married and had her daughter, but then everything changed.

    Jackie was getting divorced, forcing her to rely on herself fully for her financial future. In true Jackie fashion, she took this as a challenge and began educating herself as best as she could. Through smart saving, spending, and life-changing investing decisions, Jackie built her wealth in record time, reaching financial independence just ten years after finding the FIRE movement—all without any advantages!


    In This Episode We Cover

    How to reach financial independence without a high salary, inheritance, or advantages

    Stock investing 101 and how intentional investing can explode your net worth

    Why you must max out THESE investment accounts to be richer in retirement

    How Jackie spends just $40,000 per year owning her own home and raising her daughter

    Why you DON’T have to follow all the traditional FIRE rules to retire early

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    Money Podcast 154 - Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More

    Email Mindy for the Full 4% Rule Article!

    Money Podcast 344 - Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions

    Resources Mentioned in This Episode:

    Better Investing

    Root of Good

    Mr. Money Mustache

    Mad Fientist

    1500 Days


    00:00 Intro

    01:14 FIRE at 49!

    02:50 Making Money in Retirement 

    06:11 Early Years, College, and Getting Divorced 

    11:21 Working Her Way Through College

    15:06 Getting Hired After College

    15:50 Starting to Learn About Stocks

    20:02 Finding the FIRE Movement

    26:54 Spending and Saving

    36:01 Jackie's Podcast and New Book!

    38:20 Connect with Jackie!


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-527


    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    41 min
  • 526: Personal Finance for Beginners: Bank Accounts, Real Estate, and Retirement

    Personal finance doesn’t have to be complicated. Saving, investing, and retiring early shouldn’t be a stumbling path to wealth, but many Americans feel this way. So, to clear up some of the money misconceptions, we’re doing personal finance for beginners FAQ episode, where we take some of the most common money questions and answer them for you so you can start building wealth and get closer to financial independence!

    Many of these questions come directly from the BiggerPockets Money Facebook page, where you can ask your money questions 24/7! First, we answer, “How many bank accounts should you have?” and walk through exactly how we split up our money. If you’re looking to start building wealth, we touch on the numerous ways to invest in real estate, from basic beginner investing strategies to purely passive income-generating expert tactics.

    How much money do YOU need to retire? With the 4% rule, you can calculate it in seconds! We’ll explain this common money metric early retirees love to use and whether or not it still works in 2024. If you’re close to early retirement, should you start selling your investments to fund your financial freedom? We’ll share why most early retirees never need to sell their stocks, and speaking of stocks, we’ll also get into how to pick stocks and when to sell them!


    In This Episode We Cover

    The beginner money questions that you must have answers to if you want to build wealth

    How many bank accounts do you REALLY need, and Scott’s 3-account-setup

    Beginner and expert strategies to start investing in real estate (even with little money)

    The 4% rule explained, and how much money you actually need to retire

    How to pick stocks and whether or not index fund investing is a smarter move to make

    Withdrawing money from your accounts when you finally reach 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 BiggePockets

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    Grab Your Copy “The House Hacking Strategy”

    Past Episodes Mentioned in Today’s Show:

    BiggerPockets Real Estate 136 - Shawn Holsapple

    BiggerPockets Money 35 - Craig Curelop

    BiggerPockets Money 120 - Michael Kitces

    BiggerPockets Money 151 - Tony J Robinson

    BiggerPockets Money 153 - Bill Bengen

    Forbes: What Is The 4% Rule For Retirement Withdrawals?

    Secret IRS Rule 72(t)! | Eric Cooper Shares Early Withdrawal Hack!


    00:00 Intro

    01:14 How Many Bank Accounts? 

    07:04 Ways to Invest in Real Estate 

    16:25 The 4% Rule Explained

    23:36 Selling Investments to Retire Early?

    30:28 How to Pick Stocks 


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-526


    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    42 min
  • 525: The Rational Investor’s Case Against Bitcoin

    Cryptocurrency enthusiasts can’t fathom why Bitcoin will fail. If you tell them that you’re not investing in Bitcoin or other cryptos, they look at you like an uneducated investor, a sheep following the crowd without thinking for yourself. The promise of Bitcoin is so great that you’d have to be an outright fool to deny it, and anyone who refutes the future golden age of a decentralized society is simply mistaken and is only coping with the oncoming collapse of fiat currency and Western civilization.

    The problem with that theory? None of it is grounded in reality. Today, BiggerPockets CEO Scott Trench is going to prove it. After years of research on Bitcoin, the blockchain, and cryptocurrency as a whole, Scott has come to a simple conclusion: Bitcoin isn’t worth it. In fact, Bitcoin may be worth, unsurprisingly, nothing! But before all you Bitcoin maximalists come out of the woodwork, claiming we’re forever bullish on index funds and real estate, hear out Scott’s argument.

    Scott will explain the case for Bitcoin and why its end goal is actually quite altruistic. However, five fatal flaws will stop Bitcoin from ever becoming a world reserve currency or replacing fiat money. Besides its fatal flaws, Bitcoin isn’t a foolproof cryptocurrency by any means, and we’ll prove it! Finally, Scott gives his Bitcoin price prediction and his recommendation if you do want to hold some Satoshis.


    In This Episode We Cover

    The rational investor’s case against Bitcoin and why it’s NOT an investment

    The reasons why Bitcoin could change society for the better (but probably won’t)

    Five fatal flaws of Bitcoin that will stop it from ever taking over fiat currency

    How adopting Bitcoin could lead to a crashing economy with no growth

    The blockchain’s big problems and proof that the world isn’t ready to adopt cryptocurrency

    Scott’s long-term Bitcoin price prediction that will shock Bitcoin maximalists

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    BiggerPockets Money 371 - Bitcoin: Investing Fad or Final Bullet to Fiat Currency? w/Saifedean Ammous

    Everyone’s Talking About Cryptocurrencies. Should You Invest?

    4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate


    00:00 Intro

    02:16 The Case FOR Bitcoin 

    09:51 5 Fatal Flaws of Bitcoin

    14:29 Bitcoin is NOT a Perfect Crypto 

    21:46 The Blockchain’s Big Problems

    26:58 Bitcoin Price Prediction 

    28:48 What if Bitcoin DOES Take Over?


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-525


    Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    32 min
  • 524: Lessons From the Rich That Took Me from $0 to a $1,000,000+ Business

    Want to be a millionaire or build a business that brings in seven figures? Want generational wealth and to be debt-free? Want to know that you have enough money to take big risks while still keeping your bank account safe? If so, you need to start thinking like the rich to begin building wealth the same way they do. “That may be easy for you to say, you host the BiggerPockets Money Podcast!” Well, don’t take it from us; take it from Marc Russell.

    Marc grew up without advantages. He was in foster care for as long as he could remember, bouncing from house to house until finally, at age thirteen, he was adopted by parents with a strong, valuable work ethic. When Marc went to college, he had no money to pay for it, so he fought tooth and nail with the financial aid office to find scholarships, loans, or anything that could help him graduate. He was even kicked out of school once over not being able to pay a $900 fee! But this taught Marc how the system worked and eventually led to him landing a job at every FIRE chaser’s favorite place, Vanguard!

    Once Marc started helping the rich manage their money, he looked in the mirror and asked, “Why aren’t I doing these things?” Thus, he began imitating the investing tactics of the rich, budgeting for financial freedom, and investing everything he could, even if it meant a slower path to being debt-free. Now, Marc runs BetterWallet, helping everyday people start building generational wealth, no matter their circumstances.


    In This Episode We Cover

    How to copy the rich so you can build wealth no matter your upbringing

    Student debt, side hustles, and how to make it through college with little money

    Why you MUST save a large emergency reserve before you start working for yourself

    Investing vs. paying off debt and why the unconventional choice may be the best one

    Budgeting for your business and ensuring you have enough money before leaving your W2

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    BiggerPockets Money 329 - From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes w/The She Wolfe of Wall Street

    BiggerPockets Money 485 - How to Start Thinking, Acting, and Investing Like the Rich w/Vivian Tu


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-524

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    41 min
  • 523: Americans Say THIS Is How Much You Need to Retire (More Than You'd Think)

    Is a six-figure salary enough to achieve FIRE? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but with inflation eating away most, if not all, of your paycheck, what do you do? If you want to reach early retirement, do you need a massive salary to save you from the high cost of rent, food, gas, and other everyday essentials? Or, can you easily retire with a $100K/year incomeif you make the right moves? Let’s find out!

    Today, Scott and Kyle are reviewing some of the hottest headlines in the world of personal finance and giving you their honest opinions. First, we talk about whether or not a six-figure salary is enough to achieve the “American Dream,” and if it isn’t, what YOU can do to make the most of that money. Then, we venture to a debate that everyone has an opinion on: should you withdraw from your retirement reserves to buy your first primary residence? Is this a smart money loophole or a move that could cost you in the long run?

    How much do you need to retire? According to Americans, the figure is close to $1.5M, but is this actually how much a smart saver or spender would need? Plus, we talk about the one generation on a surprisingly great track to wealth in retirement (it’s NOT the boomers!). Finally, are you fed up with guilt tipping? Don’t want to pay an extra quarter of your bill every time you go out to eat? Join the club because we’re discussing how tipping is getting out of control.


    In This Episode We Cover

    Whether or not a $100K/year income is enough to achieve the “American Dream”

    Using retirement funds to pay for your primary residence (when NOT to do this)

    How much Americans need to retire, and ways to retire with even less

    The one real estate investment ANY young American should be making today

    Why younger generations are on track to retire rich and achieve FIRE

    Tipping culture and what percentage we press when the payment screen turns around

    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

    Grab the Personal Finance Classic, “Rich Dad Poor Dad”

    BiggerPockets Money Podcast 344 - Rethink Social Security: Myths, Benefits, and Clearing Up Misconceptions

    Articles from This Episode:

    $100K/Year

    Withdrawing from Retirement

    How Much to Retire

    Gen Z’s House Hacking

    Guilt Tipping


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-523

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    35 min
  • 522: How to Get PAID to Live in an Affordable City & Fast-Track Financial Freedom

    Moving is hard. But could relocating to a low-cost-of-living area help you lead a more fulfilling life and achieve financial freedom? As today’s guest came to find out, the benefits of living in an affordable area often outweigh the glitz and glamor of a big city!

    Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Allison Irby Vu, a financial planner who made a huge cross-country move in pursuit of a better financial future. With roots planted in Washington, D.C., Allison hadn’t considered moving until she stumbled across a program that offered her $10,000 to relocate to Tulsa, Oklahoma! Little did she know that this MAJOR life change would not only improve her financial situation but also allow her to spend more time with her son and tight-knit community.

    In this episode, you’ll hear all about Allison’s journey from her hometown to Tulsa. She shares how she went from living paycheck to paycheck (despite earning close to six figures!) to having an abundance of time and money for the things she values most. Allison also highlights the pros and cons of living in an area like Tulsa and how remote workers can plan their next big move!


    In This Episode We Cover

    How to reach financial freedom by moving to a low-cost-of-living area

    Getting PAID to move to a more affordable city (and how to qualify!)

    How to pay off large amounts of debt as quickly as possible

    Creating a budget that allows you to spend money on the things you value

    How to take FULL advantage of your remote job (and live anywhere in the world!)

    The biggest pros and cons of moving to an area like Tulsa, Oklahoma

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    BiggerPockets Money 11 – Designing a Frugal But Luxurious FI Life by Age 32

    BiggerPockets Money 500 – FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More!

    Learn More About the Tulsa Remote Program


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-522

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    34 min
  • 521: Full-Time FIRE and Traveling the World…All Thanks to Rentals!

    Could real estate investing help you reach financial freedom much sooner than you thought possible? Today’s guest had his world turned upside down by one tragic incident, but he was able to quit his W2 job, pivot to real estate, and fast-track his journey to FIRE!

    Today, we’re chatting with technology instructor turned full-time real estate investor Keith Nugent. After a skydiving accident rendered him unable to perform his previous job duties, Keith knew he needed a new path to financial independence. Fortunately, he discovered real estate at the perfect time. Taking advantage of the fallout from the 2008 housing market crash, Keith started loading up on rental properties—often buying them for pennies on the dollar. In just twelve years, he had not only achieved his goal of thirty cash-flowing units by 2020 but also added an additionalten units to his portfolio!

    Thanks to real estate, Keith now has a career that fully accommodates his disability and will allow him to retire early. In the meantime, he enjoys his newfound financial freedom by traveling the world and spending time with his FIRE-bound friends. In this episode, Keith offers practical tips on how to start investing in real estate—from choosing your market to buying your first rental property and more!


    In This Episode We Cover

    How Keith became a full-time real estate investor after a tragic skydiving accident

    How to replace your W2 income and achieve financial freedom with real estate

    Why time in the market is MORE important than timing the market

    How to determine how much cash flow you need to support your retirement

    Why you NEED an estate plan and how to decide who inherits your assets

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    Money Podcast 330 - The Ultimate Teen Money Hack for Parents

    Money Podcast 397 - Estate Planning, Wills, & What to Do NOW to Protect Your Heirs

    Grab Your “Family Emergency Binder”


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-521

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    38 min
  • 520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!)

    The best side hustles can put some extra cash in your pocket, help you leave your W2 job, or even launch you toward FIRE. If you’re looking to make money in ways other than real estate investing, you don’t want to miss this side hustle special!

    Nick Loper, founder of Side Hustle Nation and host of The Side Hustle Show, has been building businesses since he was a teenager. From lucrative digital assets to service-based ventures, Nick has done it all, and today, he’s bringing some fresh ideas for you to try. As you’re about to learn, these fledgling businesses come in all shapes and sizes. Some take years to nurture before you reap any reward for effort, while others allow you to start earning immediately. In any case, you need to choose one you’re interested in and stick with it if you want to see results!

    In this episode of the BiggerPockets Money podcast, Nick dives into some of his favorite side hustles—many of which you can start TODAY with little to no money and minimal time. You’ll learn whether it’s still possible to build amoney-making blog in 2024, as well as how to make extra income by renting out assets like inflatables, hot tubs, and vending machines!


    In This Episode We Cover

    Nick’s favorite low-money side hustle ideas (not named real estate!)

    How to turn your own side business into a money-making machine

    Creative ways to earn royalties from YOUR original works or ideas

    How to build a digital asset that generates income for years to come

    Why you MUST follow the “rule of one hundred” with every new side hustle

    The non-digital assets you can rent out for a HUGE profit

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper

    Finance Friday: Pay Off Debt, Invest in Real Estate, or…Buy Vending Machines?

    Make an Extra $100/Day with These Work-From-Home Side Hustles

    Hear Nick on “The Side Hustle Show”


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-520

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    42 min
  • 519: HSA vs. FSA and When to Drain Your Emergency Fund to Pay Off Debt

    Want to know how to avoid capital gains on your next home sale? If you tune in, you may dodge a quarter-of-a-million-dollar bullet (or more!). What about investing in one of the most tax-advantaged accounts that almost EVERYONE should have but most people don’t? What do you do when a family member asks to borrow money from you but has a bad track record with keeping their personal finances together? We’re getting into it all and more on this finance FAQ with Amanda and Scott!

    We get a ton of personal finance questions through the BiggerPockets Forums and our Facebook Page, so we decided to round up some of the most common ones and answer them for you. First, we’re talking about how to dodge capital gains tax when selling your home. Then, a concerned listener asks whether they should take out a loan on a family member’s behalf. A high-income earner wants to know whether renting or buying is their best bet, and we share whether paying off your mortgage early is a mistake!

    Got a medical expense coming up, or just want to boost your retirement investing? We’ll answer whether an HSA (health savings account) beats an FSA (flexible spending account)—but make sure you get this one right. If you invest in one of these accounts the wrong way, you’ll be throwing money away. Finally, a debt-free chaser asks whether they should use their emergency reserves to pay off debt or keep slowly slogging away with the snowball method.


    In This Episode We Cover

    How to avoid capital gains tax when selling your primary residence

    HSAs (health savings accounts) vs. FSAs (flexible spending accounts)

    Whether or not to use your emergency fund to pay off credit card debt 

    Why you may want to reconsider loaning a family member money 

    Whether to buy or rent in today’s housing market (EVEN with low money down)

    Pay off your mortgage early or invest the rest of your 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

    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

    Fidelity Investments

    She Wolf of Wall Street Website

    Emergency Fund: How Much Do You Really Need in 2024?

    How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!)

    Renting a Home Is Financially Better Than Buying—Wait, What?!


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-519

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    32 min
  • 518; Shrinkflation: How to Outsmart The Grocery Stores’ Rising Prices

    Whether you know it or not, “shrinkflation” is costing you. You’re paying more for less, as manufacturers boast record profits. Your paycheck is getting eaten away faster and faster every month, but you’re left with the same amount of stuff. How did this happen, and when is it going to stop? Phil Lempert, AKA the “SupermarketGuru,” has been analyzing consumer behavior, marketing trends, and the retail landscape for over two decades. Now, he’s sharing thetricks manufacturers use to get you to spend more while expecting less.

    Shrinkflation has become such a severe problem that even the president of the United States has recently mentioned its damaging effects on the American household. Phil gives us the inside scoop on why prices are rising while sizes shrink, how retailers are actually fighting back to get customers the savings they deserve, and which products are seeing the most shrinkflation today.

    Phil also shares his top tips to beat shrinkflation and save more money every month, how to show the companies that you WON’T put up with their price gouging games, easy ways to identify shrinkflation, and the supermarket chains that give you the best bang for your buck. If you’re tired of seeing your grocery bill inflate while your bank account shrinks, this is an episode you cannot miss!


    In This Episode We Cover

    Shrinkflation explained, and how manufacturers are taking advantage of Americans

    Products that are seeing the most shrinkflation and which items to avoid

    Why America’s need for “choice” is making shrinkflation even worse

    The grocery stores and brands that are the best for budget-conscious shoppers

    How to identify shrinkflation and the sneaky tricks manufacturers play to get you to spend more for less

    How to take action against shrinkflation and tell brands to STOP ripping you off!

    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!

    Find an Investor-Friendly Agent in Your Area

    Find Investor-Friendly Lenders

    Cutting Your Grocery Bill in Half with Erin Chase from $5 Dinners

    Persuasion Secrets and Predatory Practices Businesses Use on YOU

    Supermarket Savings Tips: How to Avoid Shrinkflation as Some Companies Give Consumers Less


    Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-518

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    40 min

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