BiggerPockets Money

By the time you finish this episode, you’ll be ten thousand dollars richer. Just read this testimonial from a recent BiggerPockets Money listener, “I’m so rich now, I have no idea what to spend all my money on. And all it took was listening to this episode.” But act fast because, in five minutes, this episode WON’T be available anymore.

None of the above is true. But you probably caught on to a few of the psychological tricks many marketers use to push you into purchasing, even when you’re not ready to. And with so much mentoring, online course-selling, guru-ing, and get-rich-quick promising, it’s hard NOT to fall into these traps. How do you know who actually wants to help you and who’s just waiting to grab onto your wallet?

Tarzan Kay has spent years using persuasion-first business tactics to prompt potential customers into purchasing, building a seven-figure income stream in the process. It wasn’t until she realized that these tactics did more harm than help that she decided to burn down the business she had built. Now, she’s sharing all the persuasion secrets marketers are using on YOU and teaching you how to build a business the better way.

In This Episode We Cover

The “principles of persuasion” businesses use to trick you into buying

Common predatory practices online gurus and mentors commonly use

HUGE red flags to watch out for before you buy ANY online course

How to ensure your business NEVER tricks potential customers into buying 

Vetting your own clients and customers BEFORE they have the chance to pay you

And So Much More!

Links from the Show

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Finance Review Guest Onboarding

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Money Moment

Warning: Why You Shouldn’t Buy What the Gurus Are Selling

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-497

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If you want to reach financial freedom, knowing how to save money is crucial. Today, Mindy and Kyle deliver some special tips that will help you save on housing, food, travel, and other common money categories in 2024!

In this final episode of our four-part money tips series, we’re looking to help you improve your quality of life while saving money. Do you pay a premium to live in an expensive city that you don’t have time to explore? Perhaps it’s time to pack up and move to an area with a lower cost of living. Instead, scratch your itch to see the world by using credit cards to travel for FREE!

Is your monthly grocery bill getting out of control? Choose a cheaper store, take advantage of sales, or do “mini” shops that help you eliminate waste. Finally, do you spend a fortune on things like eating out or going to the spa? Learn how you can recreate these experiences at home for a fraction of the cost!

In This Episode We Cover

How to save money on groceries with savvy food budget tips

Why you should consider moving to an area with a lower cost of living

Creating “at-home” experiences that put money back in your pocket

How to improve your quality of life with small but effective upgrades

Building the healthy habit of charitable giving (and how to plan your donations!)

Choosing a FIRE goal that gives you “enough” money to support your lifestyle

Traveling for FREE by racking up credit card rewards

And So Much More!

Links from the Show

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Money Moment

Check Out Part 1 of Our 24 Money Tips for 2024

Check Out Part 2 of Our 24 Money Tips for 2024

Check Out Part 3 of Our 24 Money Tips for 2024

Ramit Sethi Revisited: Spend Like Your Life Depends on It

Slash Your Food Budget by $150+ Per Week with EASY, Healthy, and Tasty Meals

Learn How to Travel for FREE

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-496

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Learning high-income skills can help you make money online—and a LOT of it! Just ask today’s guest, who worked not one but SEVEN internships to develop professional skills that would help her launch several successful online businesses down the road!

Welcome back to the BiggerPockets Money podcast! Jo Franco is an entrepreneur, YouTuber, podcast host, and digital nomad with multiple income streams. Born to undocumented immigrants, Jo didn’t have much growing up other than her family and a chance to pursue the American Dream, but what she lacked in money and resources, she made up for in pure work ethic. Throughout her teens and twenties, Jo worked all kinds of jobs, side hustles, gigs, and internships that allowed her to save money and even travel the world for FREE.

Since then, Jo has had her own Netflix show, built a successful YouTube channel, and launched her own journaling company. In this episode, she shares exactly how she made all of this happen, the keys to her success, and important money management tips for entrepreneurs. She also talks about the biggest mistake she has made in her career to date: hiring the wrong people!

In This Episode We Cover

The high-income skills you NEED to become a successful entrepreneur

How to become a digital nomad (and travel the world for FREE)

Reducing your financial risk by keeping your expenses down

The true value of unpaid internships (and how to make the most of them!)

Crucial money management tips for all entrepreneurs

How to save money WITHOUT the consistency of a W2 paycheck

How to get the highest return on your investment in people

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

Scott on BiggerPockets

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Money Moment

Check Out Our 24 Money Tips for 2024:

Part 1

Part 2

Part 3

Part 4

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-495

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Want to learn how to buy a house in 2024? Whether you have outstanding credit or your score could use a little work, there are different ways to buy. In this episode, we’ll lay out your best options and provide actionable steps you can take to boost your credit score in the meantime!

Welcome back to the BiggerPockets Money podcast! Today, Mindy and Kyle are fielding some of your biggest money questions. Beyond buying a home, you’ll learn how to use your home equity to fund your new business idea. Have you run into some “extra” cash recently? We share investing strategies that will allow you to “hack” tax brackets and position yourself to retire early.

This year, it’s crucial that you get on the same page with your partner, financially. Mindy and Kyle talk about the tough but essential “meetings” you should be having about your budget. Finally, is there ever a time when it makes sense to buy a depreciating asset like a brand-new car? Our hosts’ answer might surprise you!

If you want Mindy and Kyle to answer a money question, you can submit a question here or post it in the Money Facebook Group!

In This Episode We Cover

How to buy a house in 2024 with less-than-perfect credit

What you MUST know before entering a home equity agreement

The BEST ways to fund your new business idea

How to buy a brand-new car and stay on track for FIRE

How to invest “extra” money and “hack” your tax bracket to owe less

The finance “meetings” you NEED to have with your partner

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

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Podcast Talent Search!

Money Moment

When to Buy New vs. Used and is That Car Repair Worth the Cash

The Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple

Playing with FIRE (Financial Independence, Retire Early) with Scott Rieckens

Ramit Sethi’s Money Advice for Couples: Live a Rich Life, Together

Grab Your Copy of “Playing with FIRE”

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-494

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Looking to be a better investor in 2024? A few simple adjustments could help your money work much harder for you this year, and our hosts are here to lend a hand!

In part three of our four-part money tips series to kick off 2024, Mindy and Kyle offer some top-notch advice on how to invest your money this year. You’ll learn about the importance of tracking your finances year-round, savvy retirement planning, and, if you’re a real estate investor, putting some of your “lazy” equity to better use!

Beyond investing, our hosts provide several money hacks that will help you chip away at your expenses this year—whether it’s taking advantage of autopay or annual-pay discounts or pivoting to a low-cost phone plan. Finally, they discuss how spending money can actually propel you toward your FIRE goal!

In This Episode We Cover

How to be a better investor in 2024 and beyond

Finding the perfect method to track your finances year-round

Paying a fraction of your current phone bill by switching to a cheaper plan

Saving money on bills with autopay and annual pay options

How to spend money, enjoy your life, and still save BIG

Getting the highest retirement account benefit by planning contributions

Making your money work harder by optimizing your investment portfolio

Reinvesting the “lazy” equity in your real estate portfolio

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

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Podcast Talent Search!

Money Moment

Check Out Part 1 of Our 24 Money Tips for 2024

Check Out Part 2 of Our 24 Money Tips for 2024

Ramit Sethi Revisited: Spend Like Your Life Depends on It

Find a Discount Phone Plan:

Mint Mobile

Visible

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-493

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Everyone tells you you’ll need millions to retire, let alone retire early. You hear it all over mainstream financial media, “You need FIVE million dollars” or “Three million dollars is enough, but you have to be frugal!” Even having half a million dollars in investments seems like a lofty goal for most Americans. Are these financial “experts” just out of touch with the everyday person? And if so, is there a way to retire with less than a million dollars? Surprisingly, yes!

Wes Moss, certified financial planner, money educator, and author of the best-selling book You Can Retire Sooner Than You Think, is here to show you that retirement isn’t that far away. Through some simple calculations, Wes enlightens us on how many Americans are already in the position to retire and why you don’t need many millions to live a comfortable post-work life. But that’s just the tip of this financial education iceberg.

We get into a much deeper discussion with Wes about what a happy retirement really looks like and the key signs that you’ll live a satisfying retirement life. There are two main factors to a happy retirement, and if you haven’t been paying attention to them, you can almost guarantee you WON’T enjoy financial freedom when you achieve it. So, if you want a happier, healthier, wealthier, and longer retirement, stick around!

In This Episode We Cover

The two most crucial factors of having a happy retirement (it’s NOT money)

Why you DON’T need to be a millionaire to retire or retire early

The wave of “unretired” and why those over fifty-five are going back into the workforce

Why eighty percent of Americans DON’T like their job and how this is hurting retirement investing

The multiple streams of income you need to retire on your terms

Social security, pensions, and other retirement income many Americans forget about in their calculations

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

Scott on BiggerPockets

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Podcast Talent Search!

Money Moment

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

Motley Fool: The Retirement Planning Roadmap: 401(k)s, Real Estate, Bonds & More

Michael Kitces: Does the 4% Rule Hold During 2022’s Stock Market Crash?

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-492

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Do you dream of hitting financial independence before the age of fifty, forty, or even thirty? In this episode, we’re joined by two of the SheeksFreaks community’s finest—a pair of scrappy entrepreneurs who decided to skip collegeand pursue a much faster path to financial freedom.

First up, we chat with Adrian Zapata, a twenty-two-year-old serial entrepreneur who now owns multiple thriving seasonal businesses. During the spring, summer, and fall months, Adrian delivers lawn care and tree trimming servicesto the locals of San Antonio, Texas. But, once the holiday season rolls around, that’s when the real cash cow takes over: a Christmas lights installation business that brings in a whopping $115,000 in only two months!

Next, Javier Leyva shares how he was able to achieve financial independence by just twenty-six years old despite his underprivileged upbringing. After performing his own cost-benefit analysis, Javier determined that getting a traditional bachelor’s degree wasn’t the right path for him. Instead, he joined the workforce and took actionable steps toward FI—doubling down on saving money, finding a higher-paying job, and increasing his income with the house hacking strategy!

In This Episode We Cover

Two unique ways to achieve financial independence before the age of 30

How to boost your income with the house hacking strategy

The HUGE revenue potential of building a seasonal business

The case for SKIPPING college and choosing the straight path to FI

Why you NEED to plug into a personal finance community (and stay accountable!)

Why financial education—NOT a college degree—is the key to financial freedom

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

Scott on BiggerPockets

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Podcast Talent Search!

Money Moment

Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”

Why 40% of Master’s Degrees Aren’t Worth It (and Which Are) w/Preston Cooper

20 Year-Old Minimum Wage Marine with $850K in Real Estate

Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate

Hear Our Last Episode with the SheeksFreaks Success Stories

Join the SheeksFreaks Community

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-491

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With a few money tips for 2024, you could take your savings to a new level this year. From investment fees to utilities, there are all kinds of everyday expenses that you might not have thought to slash!

Welcome back to the BiggerPockets Money podcast! In part two of our money tips series, Mindy and Kyle go over some of the best and easiest ways to save money. If you haven’t shopped around for insurance in the last year, chances are you’re paying too much! We talk about how finding a broker can help you out in a big way.

We also recommend several home upgrades—such as installing LED bulbs, adding insulation to your attic, and investing in low-flow showerheads—that could help you save a fortune on your energy bill. You’ll find out that even something as simple as stashing your tax refund in a savings account could make a huge difference!

In This Episode We Cover

How to find out if you’re spending too much on investment fees

The energy-efficient home upgrades you NEED to make in 2024

How to save a fortune on your electric bill by insulating your attic

The SMART way to use your tax refund this year

Why you NEED to shop for insurance every six months (and find a broker!)

Protecting your family’s financial future before you pass away

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

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Mindy on BiggerPockets

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Podcast Talent Search!

Money Moment

Check Out Part 1 of Our 24 Money Tips for 2024

How to Find the Best Possible Certified Financial Planner (CFP) for Your Needs with Kyle Mast

The Post-Passing Plan: 3 Steps to Protect Your Family’s Financial Future

Organize Your Family’s Most Important Information with the Family Emergency Binder

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-490

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You probably already know who Humphrey Yang is, and even if you don’t, there’s a good chance you’ve seen one of his YouTube, TikTok, or Instagram videos. A few years ago, Humphrey’s internet presence was almost non-existent. He was living off savings, trying to find a business that would hit traction, until one day, he started posting financial content online. Within thirty days, he had a six-figure follower count. But this wasn’t by luck or accident; it was by design.

Humphrey knew that to start any successful business, it would take testing—a lot of testing. So, he set out to test content that not many other people were making, showing anyone and everyone on the internet what not to buy, the best ways to invest, and how they, too, could become wealthy, or at least not end up broke.

But Humphrey was ONLY able to do this after saving up a significant amount of money from past jobs, going extremely frugal, and realizing that he needed to do whatever it took to work for himself. And if you’re struggling to find your path and feel like being an entrepreneur is what you’re meant to do, Humphrey can help! In this episode, he’ll show you EXACTLY how he “tested” his way to wealth, made financial and entrepreneurial “hypotheses,” and grew an online following to over a million people in just a few years.

In This Episode We Cover

The benefits of extreme frugality and how to save six figures on an average salary

Starting your own business and how to “test" whether it’ll stick

Going viral online in only a month and how to find your niche with customers/viewers

Why you MUST fail at multiple businesses before you find success

Using your “unfair” advantage to get ahead in whatever industry you’re in

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Money Moment

Grab Your Copy of “Set for Life”

Starting Successful Businesses with NO Industry Experience

10 Tips For Leaving Your 9-5 and Adjusting to Life as an Entrepreneur

The #1 Wealth Killer No One Talks About

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-489

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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

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Money Moment

How to Pay Down Bad Debt—Fast

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-488

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