BiggerPockets Money

BiggerPockets Money

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BiggerPockets Money episodes

  • 417: Finance Friday: Why I Spent $100K+ on My Four-Legged Friend

    Pet insurance probably isn’t a top priority for you right now. Your budget might have health, car, and home insurance, but pet insurance? Is it really worth the cost? Today we talk to David, an engineer and part-time wilderness trip guide, who was hit with an astonishing amount of vet bills after his beloved four-legged friend, Blaze, was diagnosed with Lymphoma. This unexpected bill damaged David and his wife’s investing plans, but not all hope is lost.

    If you have a dog, cat, rabbit, lizard, or other non-human friend (sorry, your kids don't count) living at home, this is an episode for you! We’ll get into the nitty-gritty of what happens when your pet has an unexpected medical diagnosis, leaving you with a mortgage-sized bill to pay every month. While many of us have animal companions that make our life whole, few realize the cost of paying for treatment when a life-threatening disease comes into play. You’ll hear about thepros and cons of pet insurance, whether or not it’s actually worth it, and the hard choices you may have to make when adopting or purchasing a pet.

    But it’s not all bones and hairballs in this episode. Our guest David also has some exciting news about a six-figure business he and his wife are building. With David’s wife itching to start taking this income stream to new heights, David is debating whether or not giving up one of their stable incomes is worth the hit to their retirement accounts. Thankfully, Mindy and Scott find a workaround to keep them in a FIRE-first position!

    In This Episode We Cover

    The true cost of a sick pet and how to deal with six-figure vet bills

    Pet insurance pros and cons and what to look for when choosing a policy

    Serious side hustles and how to turn yours into a six-figure income stream

    Keeping your stable job vs. following your passion and starting a business 

    Why reaching financial independence fast IS NOT for everyone (and what to do instead)

    Cash reserves and why keeping your expenses low will help you deal with medical emergencies 

    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    Take a Trip with Blaze Adventure Tours

    Pet Insurance Links:

    Healthypaws

    Trupanion

    Mid-Atlantic Federal Credit Union HELOCs

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-417

     

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

    58 min
  • 416: Codie Sanchez: These “Boring Businesses” Will Make You Rich

    Want to replace your nine-to-five? You'll need to know how to buy a business. And while you may think that you need to be some high-level executive or business-building savant, the reality is that TONS of profitable businesses are selling for pennies on the dollar, just waiting for you to come in, scoop them up, and start making six (or even seven) figures without doing all the work. This is the EXACT strategy that Codie Sanchez used to leave her high-paid banking career to make millions running so-called “boring” businesses.

    Whether it’s a laundromat, landscaping service, or law firm, businesses are up for sale without you even knowing it. You DON’T need to be an industry expert to get in on any of these deals. Many of the businesses that Codie has bought have been outside of her core competency. She’s gotten so good at business-buying that Codie now helps other want-to-be entrepreneurs get out of their jobs and into businesses that’ll help them build wealth. Codie’s ten simple steps to business buying can help ANYONE buy, build, and profit from a “boring” business.

    Codie breaks down exactly why she left the big paychecks behind to start buying businesses, the repeatable steps to acquiring and growing a business, which business you should be looking for, and five to NEVER buy. You’ll also hear how she funds these business purchases and what to do AFTER buying a business that massively multiplies revenue and makes you millions!

    In This Episode We Cover

    The “boring” businesses that can replace your salary and make you a millionaire

    How to buy a business from start to finish and five business types you MUST avoid 

    Jobs vs. businesses and how to ensure you buy cash flow, not another nine-to-five

    Codie’s buy box and EXACTLY what she looks for when acquiring a business

    Where to find funding for business purchases (and which sellers will offer you financing)

    Hiring, firing, and becoming the CEO of your first business

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    Hear Past BiggerPockets Episodes with Codie:

    The Cash-Flow Boosting Businesses that Savvy Real Estate Investors Own

    The MOST Profitable Skill to Learn (From a $200M+ VC Investor)

    How to Buy Yourself a 6-Figure Income Stream w/Tim Delaney


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-416


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

    57 min
  • 415: Finance Friday: How to Achieve Your “Dream Life” Decades Before Retirement

    Retirement is always some far-off goal. When you’re older and much more wealthy, you can live the golden years of your life without a care in the world. The problem? None of us know how much time we have left, how healthy we’ll be as we age, and whether or not these years are the best we’ll ever get. So, why wait to retire in your sixties when it’s possible to retire in your twenties, thirties, forties, or fifties? If you had the choice to live your ideal life NOW, wouldn’t you choose to do so?

    On this Finance Friday episode, we talk to Sara, who had a recent wake-up call about waiting for retirement. While on a casual run, Sara suffered sudden cardiac arrest, prompting her to be put into a medically-induced coma. Without any signs of something like this happening, Sara started to ask whether or not she was living her life to the best of her ability and if waiting for retirement age was worth the risk.

    With six figures in student debt from her husband but solid salaries to support their low-cost-of-living lifestyle, Sara wants to know how she can transition to part-time work while still saving and investing for early retirement. Thanks to smart decisions Sara has made, she’s in a phenomenal position to take her foot off the gas, but how can she do so without sacrificing her future?


    In This Episode We Cover

    Student loans and whether to pay off debt or invest for early retirement

    Switching from full-time work to part-time hours while keeping benefits and saving your sanity

    Planning your “ideal life” and why waiting until traditional retirement age could be a big mistake

    Cash reserves and how much you should have when planning to leave a full-time salary

    Building your investment plan based on what you (and your partner) really want out of life

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan

    How to Retire Early (From Someone Who Did at Age 27)

    Should You Pay Off Debt or Invest?


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-415


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

    46 min
  • 414: Nicole Lapin's Money Hacks to Rehab Your Finances & Say Goodbye to Bad Debt

    Wish you had a few money hacks to help with things like getting out of debt, finding the right assets to invest in, and growing your nest egg? The average person may not even know where to start! Today’s guest is using her platform to help simplify money concepts and improve financial literacy at a time when it is sorely lacking.

    Welcome back to another edition of the BiggerPockets Money podcast! Today, we’re joined by Nicole Lapin, founder of the Money News Network, host of Money Rehab with Nicole Lapin, and author of multiple New York Times and Wall Street Journal bestselling books, including Rich Bitch, Boss Bitch, Miss Independent, and Becoming Super Woman. Born into a first-generation American family, Nicole lacked financial literacy early on in life and was easily intimidated by financial concepts. Only after learning the language of money was she able to take control of her finances and pay off the consumer debt she had accumulated.

    In this episode, Nicole spills some of the top money hacks she has learned over the past 20 years. Wherever you are in your financial journey—whether it’s neck-deep in consumer debt or well on your way towards achieving financial independence and retiring early—you won’t want to miss what Mindy, Scott, and Nicole have to share about investing in today’s climate, assessing your risk tolerance, and making the most out of your money!


    In This Episode We Cover

    Money hacks for investing and rehabbing your personal finances

    Two methods of getting out (and staying out) of consumer debt

    How to create a “spending” plan using the “three E’s”

    Living below your means to fast-track your journey towards financial freedom

    How to assess your risk tolerance and find the right assets to invest in

    An alternative to financial independence, retire early (that could allow you to “retire” even sooner!)

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    The Pillars of FI: Designing the Life You Want

    12 Things to Give Up to Become Debt-Free This Year


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-414


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

    40 min
  • 413: Finance Friday: How to Use Your Home to Retire YEARS Earlier

    Early retirement is possible for almost anyone, no matter where you start or how much you make. If you can sacrifice and save more than you spend, there’s a good chance you could retire years or even decades earlier than the rest. In fact,you can retire early on a median income salary without any retirement savings to start with…but you’ll need to do one crucial thing. As you’ll see from today’s guests, David and Danielle, one smart purchase may have set them up for life!

    We’re back with another Finance Friday, where we talk to David and Danielle, two median-income earners trying to figure out the right path to early retirement. After Danielle’s sales-based burnout, the couple has been surviving with just one income, cutting it close every month. But, with a return to work on the calendar for Danielle, the chances of financial freedom are looking bright. But where do they go from here?

    With David and Danielle’s real estate dreams, Scott and Mindy come up with a handful of ways that this couple could use their primary residence to bolster their chances of early retirement and allow them to save a significant amount of money every month. So if you feel like you’re starting over on the path to FIRE and don’t know which move is right, this is an episode for you!

    In This Episode We Cover

    How to use your home to retire early and start investing

    Grocery shopping, food bills, and how to stop eating your money every month

    Legal fees and accounting for lawyer bills during an ongoing dispute 

    House hacking and living for free while renting out spare space

    Assumable loans and upgrading your property when you have LOTS of equity

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    House Hacking: A Beginners Guide to Living for Free

    Grocery Shopping Got a Hold on Your Wallet? Check Out These Episodes: Cutting Your Grocery Bill in Half

    The Most Efficient Path to Financial Freedom

    Food Spending Eating Away at Your FI Plans? Here’s How to Eat for Cheap

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


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-413


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

    52 min
  • 412: The Beginner's Blueprint to Buying $0 Down Real Estate w/ “Creative Finance”

    Pace Morby built an 1,800-unit real estate portfolio using none of his own money. Unbelievable right? Well, it’s 100% true, and he’s here today to tell you why most of what you know about real estate investing is entirely wrong. For years, you’ve been told to save up 20% down, keep your credit in tip-top shape, and NEVER buy at, or over, asking price. But, Pace did the opposite of what traditional investors told him to do. He’s bought thousands of properties withno money down, without a single credit check, and over asking price. His reason for doing so might surprise you.

    Just a decade or so ago, Pace was a hard-working contractor, swapping toilets and painting walls to provide for his family. He thought he was running a successful business, but in reality, he was running his finances and potential of passive income into the ground. He was tied to the clock and needed to work to make money until an unexpected mentor gave him some stern advice. From there, everything changed, as Pace flipped from “worker” to “investor” and began building a massive passive income portfolio.

    Now, as the king of creative finance, and author of Wealth without Cash, Pace is teaching the tricks of the trade that his mentor taught him. We’re talking about buying properties with no money, credit, or credentials and turning dud deals into cash-flowing monsters by using little-known investing strategies like subject to, owner financing, and others. This beginner guide will give you everything you need to know to invest without cash, credit, or years of experience! 


    In This Episode We Cover

    How to invest in real estate with no money, credit, or credentials

    The “bunnies” you MUST look out for when you start investing in real estate

    The business owner lie you’ve been told, and why working for money ISN’T the right way to build wealth

    Creative financing 101 and using it to buy deals other investors overlook 

    Seller financing, subject to, and other strategies to invest with no money down and low mortgage rates

    The one question you MUST ask a seller to uncover what they really want

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    Connect with Other Investors and Swap Strategies on the BiggerPockets Forums

    Meet Other Investors at a BiggerPockets Real Estate Meetup

    Boost Your Knowledge with Pace’s Creative Financing Bootcamp


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-412


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

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

    1 hr 3 min
  • 411: How to “Quiet Quit” Your 9-5 Job and Become a Full-Time Boss

    While the job of a full-time content creator might seem glamorous from the outside looking in, make no mistake—there’s plenty of work involved, and it’s not always easy to get your business off the ground. Our next guest spent years building up her content creation platform while continuing to work her nine-to-five tech job before she made her first six figures!

    Welcome back to another episode of the BiggerPockets Money podcast! Today, Scott and Amanda are joined by Gabrielle Judge, a content creator and emerging thought leader for the Gen Z workforce. Gabrielle is helping to usher in the next phase of work-life balance with “quiet quitting”—an oft-misunderstood concept that has less to do with being lazy and much more to do with assessing your return on investment (ROI) at work and creating space for your other goals and passions.

    Whether you’re interested in content creation or tired of working for “the man,” you won’t want to miss out on all that Gabrielle has to share. She offers a handful of top tips on how to cultivate a side hustle so that it one day becomes a full-time job—including credit card stacking to access a large line of credit for new business ventures, becoming a hard money lender, and using Chat GPT to help you leave your current job and land your next one faster!

    In This Episode We Cover

    The real meaning of “quiet quitting” and how to set boundaries at work

    Growing a side hustle and turning it into your full-time job

    Viewing yourself as a business and evaluating your ROI at work

    Credit card stacking to access a large, unsecured line of credit

    How to become a bank for someone else through hard money lending

    Leveraging Chat GPT to streamline the job application process and get a bigger paycheck

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Amanda's Instagram

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    The Real Estate Rookie Podcast

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    She Wolf of Wall Street Website

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

    How to Start a Profitable Side Hustle

    Start Credit Card Stacking with Fund&Grow


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-411


    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!

    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.

    52 min
  • 410: From Homeless at 14 to Debt-Free Homeowner AFTER Prison Time

    A debt-free homeowner with an emergency fund and a keen eye for personal finance? A few years ago, Jazmyn Gray wouldn’t have dreamed that’s how her life turned out. From a young age, Jazmyn was thrown into drug addiction, homelessness, a life of crime, and later, prison time. She was a teenage mother whose silver lining was running a successful business until she was robbed, abused, and pushed into relapsing. But that’s not Jazmyn’s whole story.

    Through some entrepreneurial pursuits behind bars and putting her finances first, Jazmyn has had an almost unbelievable path to recovery. Even after her time in prison, Jazmyn was forced to pay restitution and other debts she had piled up before her incarceration. However, through a chance meeting with none other than our own Scott Trench, Jazmyn was given the master plan she needed to rebuild her financial position, even when the odds were stacked against her.

    Now, in a completely different position than she was in just a few years ago, Jazmyn is ready to tell her whole story, not only to provide hope to those that need it but give actionable steps to improving your financial life. You’ll hear how she built a six-figure business within a few months, how she recently bought a house with a record low interest rate, the debt snowball method she used to become debt-free faster than most Americans, and how she’s using her rough road to help others build their own wealth.

    In This Episode We Cover

    Hitting financial rock bottom and starting your journey when you have nothing

    Building a six-figure business and what caused Jazmyn to give up hers

    Homelessness, drug addiction, and fighting to survive as a teenager

    The “debt snowball” method Jazmyn used to pay off her debt in record time 

    Buying your first home and how to do so only a few years after being dead broke

    Jazmyn’s easily-repeatable advice for ANYONE starting their financial journey 

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    The Real Estate Rookie Podcast

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes

    12 Things to Give Up to Become Debt-Free This Year

    Get Involved with CrossPurpose


    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-410


    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!

    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.

    49 min
  • 409: How to Use Your First Home to Fast-Track Wealth

    As a first-time home buyer, you may be struggling to make a move. And who can blame you? In 2023, with high mortgage rates and stiff competition, more and more would-be home buyers are staying put as renters—but this could be a big mistake. Even Jay Papasan, executive at Keller Williams and bestselling author, wishes he made his first home purchase faster.

    It wasn’t until Jay was thirty that he finally pulled the trigger on purchasing a property. He had just moved to Austin, Texas, and bought the worst property in the best neighborhood he could find. Now, a good twenty years later, this property alone has made Jay close to a million dollars, and he thinks today’s homebuyers could be in the same position. So, how do you build wealth when buying your first property?

    In this episode, Jay walks through what first-time home buyers should be looking for when scouting out houses, the telltale signs of a great (and not-so-great) real estate agent, simple improvements you can make to increase property value dramatically, and what to do with today’s high mortgage rates. Jay also includes a little-known way to lower your mortgage rate on your next home, so you can pay less and profit more when you move out!

    In This Episode We Cover

    Why you should NEVER sell your first home (and what you should do instead)

    How to lower your mortgage rate WITHOUT increasing your cost to close

    Signs of a great agent and the MOST important trait they must have

    Easy improvements that will shoot up your home’s value 

    Tracking your net worth and why you MUST know your personal profit and loss

    Housing horror stories and whether or not your agent needs to tell you about the ghost haunting your kitchen 

    And So Much More!


    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

    Finance Review Guest Onboarding

    Join BiggerPockets for FREE

    Mindy on BiggerPockets

    Scott's Instagram

    Grab Scott’s Book, “Set for Life”

    Listen to All Your Favorite BiggerPockets Podcasts in One Place

    Apply to Be a Guest on The Money Show

    Podcast Talent Search!

    The Real Estate Rookie Podcast

    Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets

    Money Moment

    Grab the First-Time Home Buyer Book Bundle and Use Code “BPKELLER” at Checkout

    Putting Yourself in the Best Financial Position as a First Time Home Buyer

    Big Goals? Here’s How to Get Your Spouse or Partner on Board

    Becoming a Millionaire Real Estate Investor

    How to Manage Your Time Like a Millionaire

    Click here to check the full show notes: https://www.biggerpockets.com/blog/money-409

    Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!

    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.

    55 min
  • 408: Finance Friday: Why Retiring Early Isn’t As Simple As You Think

    Early retirement is the holy grail of financial freedom. With a large enough nest egg, you no longer have to work, giving you the time to spend with your family and friends or do whatever you want. The problem? Hitting financial independence is much easier than most FIRE-chasers think, and achieving their biggest goal comes with unintended consequences. The fact of the matter is, retiring early is a hard choice, and it’s NOT as simple as walking away from your job.

    Today, we talk to Phil, who’s bringing in a large salary and doing a job he loves but wants to take more time off work to be around his growing family. Phil has reached financial freedom. He has plenty of money in his retirement accounts, a short-term rental property portfolio paying him a median-income salary, and lots of cash on hand in case he runs out. He’s also got a job that makes him a stellar salary and has the flexibility to allow him to increase or decrease his shifts as he sees fit.

    Phil has done it. He’s found financial freedom and built a fortress of assets to hold up his lifestyle for the rest of his life.But, the idea of walking away from work is stopping him from taking the time off that he needs. With such high pay and work that gives him meaning, how can Phil slowly start stepping away from work without sacrificing his identityor ability to help others? This is a struggle for many who have hit financial independence, and you, too, may face the same dilemma in the not-so-distant future!


    In This Episode We Cover

    Building multiple income streams so you can reach financial freedom faster

    Giving up the high-pay of a skilled job to spend more time with your family

    When to pay off your properties and whether living mortgage-free is worth it

    Transitioning out of a career and why stepping away from work is more complicated than it seems

    Building your ideal post-FI life (even if that means working!)

    The “middle-class trap” and why over-investing in retirement could be a mistake

    And So Much More!

    Links from the Show

    BiggerPockets Money Facebook Group

    BiggerPockets Forums

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    47 min

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

Join Mindy Jensen and Scott Trench (from BiggerPocketsMoney.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy…

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