BiggerPockets Money

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

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Mindy on BiggerPockets

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Podcast Talent Search!

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:

FreeCreditReport.com

AnnualCreditReport.com

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

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Mindy on BiggerPockets

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Money Moment

Hear Our Past Episodes with JL

Episode 20

Episode 116

Episode 285

Learn More from 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

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Mindy on BiggerPockets

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Podcast Talent Search!

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

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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

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

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

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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

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

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

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

Building a Massively Profitable Business Around Your Passions

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-482

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Most people know that investing in real estate is one of the best ways to reach financial independence, but very few ever take action. Once today’s guest discovered the potential of real estate, however, it became his obsession. Despite starting out on a low military salary, he built a million-dollar net worth in just THREE YEARS!

In this episode, we’re catching up with entrepreneur, investor, and repeat guest Jabbar Adesada. Since we last spoke with Jabbar, he has only doubled down on his real estate dream and journey to financial freedom—dabbling in several different investing strategies and teaming up with a partner to get more deals done. Today, Jabbar owns a slew of short-term rentals and long-term rentals, has completed several BRRRR projects (Buy, Rehab, Rent, Refinance, Repeat), and has more than a dozen construction projects in the works.

If you want to reach your FIRE goal as soon as possible, tune in to hear how Jabbar used real estate to expedite his journey. He shares how he was able to save up for a down payment with a low income, get his first home loan with almost no credit history, and rapidly increase his income!

In This Episode We Cover

Reaching financial independence by investing in real estate

How Jabbar built a million-dollar net worth in only THREE years

Combining multiple real estate investing strategies within your portfolio

How to choose the perfect real estate market to invest in

Finding a partner and building out your real estate network

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

Grab Your Copy of “First to a Million” by Dan Cheeks

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

Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-481

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This eighteen and twenty-two year old are on track to reach financial freedom by the age of thirty. And if you think that you can’t make big money moves because you don’t have the experience, resources, or income to build wealth, think again. These two young adults are on the path to making millions in their lifetime, and if you’re in your late teens or twenties or have children or grandchildren who are, THIS is the episode to watch.

First, we talk to Gloria Stonelake, an eighteen-year-old who runs a social media marketing agency on track to bring in six figures in income a year. She’s still technically a high school student but spends almost all her time working on her business, learning leadership, and getting leads for her clients. She ditched the traditional route of getting a diploma, a degree, and THEN a job and skipped right to the money-making part. She has some incredible advice for ANYONE who wants to start their own business, no matter your age!

Next, Ben Carver joins us to talk about his high school house-flipping side hustle, how he became a real estate agent before getting his college degree, and the newest house hack he’s set to buy at just twenty-two years old! By thirty, both Ben and Gloria should be financially free, and if you want to hit FIRE in your 30s, 40s, 50s, or 60s, these wunderkinds are two to watch!

In This Episode We Cover

How to build a six-figure business, no matter your age or experience level

Why ditching the college degree may be a smart move for entrepreneurial teens and twenty-year-olds

Why your financial background does NOT determine whether or not you’ll hit FIRE

Entrepreneurial tips to take and challenges you must prepare for to succeed

How to live for free and start building a real estate portfolio EARLY in life

The one piece of advice Mindy and Scott wish they could give their younger selves

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

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

Is It Time to Give Up on Financial Independence? (Mad Fientist)

Join the Sheeks Freaks

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-480

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Don’t strive to become rich. Instead, become a “quiet” millionaire like Tae Kim, the “Financial Tortoise.” You’ve seen the flashy cars, fancy champagne, and private jets of the online financial “gurus.” Then, like clockwork, you see these same people lose their wealth, go bankrupt, or disappear from the online world entirely. What happened to them, and where did all the “riches” go?

In today’s show, we talk to Tae about the slow, steady, unsexy way to build wealth and become a millionaire that most Americans will never understand. It’s far less risky than gambling your money away, day trading, or going high-leverage on risky real estate. Instead, you can sleep like a baby every night, knowing you have hundreds of thousands in the bank, millions in investments, and enough money to chase your dreams IF you follow Tae’s advice.

Tae’s path to wealth wasn’t complicated, but he did make a handful of money mistakes you won’t want to repeat. Afterpaying off over six figures in debt, Tae now serves as the financial hero we need but don’t deserve, teaching EVERYONE why the slow, quiet way to wealth is the smartest, most sustainable way to truly become “rich.” If you want to quit your job, do what you love, and live every day on YOUR schedule, stick around!

In This Episode We Cover

The “quiet” millionaire and why you want to be wealthy, NOT rich

Money mistakes that you should avoid at ALL costs when on the journey to financial independence

How much money you should have in the bank BEFORE you quit your job

Why so many financial “gurus” go broke within a few years of acquiring their wealth

How to define your “enough” so you don’t end up working your life away

Tae’s unbelievably simple investment advice for those just starting out

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

10 Life & Money Lessons From Broke Financial Gurus

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-479

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Are you sitting on an amazing business idea? Knowing how to get money to start a business is a critical first step to getting your concept off the ground. While there are all kinds of funding options, you may be able to get FREE moneywith a grant. That’s exactly what today’s guests did!

Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Cheryl Edmundson and Erin Jacobsen from Inclusive GameWerks—a fledgling business that has developed an inclusive pinball controller for people with disabilities. After building the first prototype for a close friend, they realized the device’s incredible potential. So, they went right to work—fine-tuning the design, structuring their business, and, of course, looking for ways to fund their new venture. Before long, they had landed a ten-thousand-dollar grant to get their operation up and running!

If you’ve got an entrepreneurial spirit and a great business idea, this is an episode you won’t want to miss! Tune in as Cheryl and Erin show you how to launch a business alongside your nine-to-five job, find your lane in an established market, and get FREE money for your business!

In This Episode We Cover

How to get FREE money to start your new business

How to find, apply, and get approved for a business grant

Using grant money appropriately within a for-profit business

The best ways to structure your new business

Building a business without leaving your nine-to-five

Driving your business forward through the power of networking

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

Building a Massively Profitable Business Around Your Passions

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-478

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

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