If you follow these nine steps, you will reach financial independence. How do we know? Well, The Money Guy Show’s Brian Preston and Bo Hanson have tested it hundreds of times! Using this simple but extremely powerful “financial order of operations,” anyone from any background can achieve FIRE, even starting with nothing. From free money to becoming easily debt-free, building a solid financial foundation, and even paying off your mortgage early, Brian and Bo break down the exact route to financial freedom anyone can take.

But first, we’ll discover if you’re a “financial mutant.” The fact that you’re listening to BiggerPockets Money already proves that you might be. But for those who have struggled with high-interest credit card debt, low savings, and lackluster investing, this episode has EVERYTHING you need to become a financial powerhouse by making nine smart money moves. 

We’ll walk through the entire financial order of operations, from saving money to cover your deductibles to building an emergency reserve, paying off bad debt, and the “hyper-accumulation” stage you must reach to watch your net worth explode. If you’re ready to take the steps to realize financial freedom in the not-so-distant future, stay with us and grab Brian’s newest book, Millionaire Mission! 

In This Episode We Cover

The nine-step "financial order of operations" that will lead you to financial independence

Why building a $1,000 emergency fund is NOT enough and how much you really need

Whether or not to pay off your “high-interest” debt depending on your age 

Why Brian and Bo advise people NOT to invest in real estate until they’re at THIS stage 

The one investment account to max out before all the rest (it’s NOT your 401(k)!) 

The “hyper-accumulation” stage that will explode your wealth (IF you can reach it)

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

Property Manager Finder

BiggerPockets Money 404 - How to Build Wealth in Three Simple Steps w/The Money Guy Show

BiggerPockets Money 510 - Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

Grab Brian’s New Book, “Millionaire Mission”

00:00 Intro

01:38 Financial "Mutants" Among Us

02:52 The Financial Order of Operations 

05:54 Cover Your HIGHEST Deductible 

07:38 Get Your Employer Match

09:49 Build an Emergency Reserve 

11:11 Paying Off "High-Interest" Debt

22:23 DON'T Invest in Real Estate?

28:34 "Hyper-Accumulation" of Wealth

36:47 Prepay Future Expenses 

38:22 Pay Off LOW-Interest Debt

46:11 Grab the New Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-531

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

You DON’T have to spend your entire life chasing financial independence. Play your cards right, and you may not even need a whole decade! With a little hard work and sacrifice, today’s guest became a millionaire (and financially free) in just SIX years!

Welcome back to the BiggerPockets Money podcast! After years of “drifting” through life and racking up bad debt, Erichad a moment when he realized he might not be able to rely on his W2 income for as long as he had hoped. Seeing the writing on the wall, he decided to get serious about achieving financial independence—buying rental properties, fixing them up, and eventually flipping them for a huge profit. One “home run” deal catapulted him toward his FI goal and a $1 million net worth!

If you dream of financial freedom but don’t want to spend your whole life getting there, this episode is for you! Eric offers some helpful advice for those who are looking to start their own FIRE journey—including why new investorsshould buy “grandpa’s house,” how to uncover “rare” real estate deals on the multiple listings service (MLS), and how to get the maximum return on a few years of sacrifice!

In This Episode We Cover

How Eric became a millionaire and reached financial independence in SIX years

Why buying “grandpa’s house” is a cheat code for building wealth

How to start fixing and flipping houses (and turn a HUGE profit!)

How to find “rare” real estate deals on the multiple listings service (MLS)

Building your real estate portfolio by using your profits to buy MORE properties

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

Property Manager Finder

Grab Your Copy of “The Book on Flipping Houses”

BiggerPockets Money 516 - Jaspreet Singh: Getting Rich Slowly and Why Some People STAY Broke

BiggerPockets Money 481 - Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate

Connect with Eric on BiggerPockets

00:00 Intro

01:22Millionaire in 6 Years!

03:34 Buying “Grandpa’s House”

09:04 Eric’s BIG Turning Point

15:24 The Journey to $1 Million

19:08 The “Home Run” Rental

31:45 Moving to New Hampshire

33:13 How to Reach FI

36:13 Share Your Money Story!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-530

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

Financial independence by the age of twenty-five?! Today’s guest started working and saving money at a very early age, which allowed him to buy the time and freedom to do the things he values most. Whether you’re twenty-five or fifty-five, applying some of these simple principles to your own life can propel you toward financial freedom!

Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Gabe Bult, a YouTuber, serial entrepreneur, and real estate investor who reached financial independence before his twenty-fifth birthday—all by subscribing to financial minimalism and frugal living. The only thing stopping him from retiring early? Sheer boredom! Instead, Gabe’s day typically involves precious time with his daughter, a few hours making YouTube videos, and an afternoon spent enjoying his favorite hobbies and interests.

YOU can have this life, too, but not without a little sacrifice, education, and discipline. Fortunately, it only takes a few years of ferocious frugality to get ahead, save for the future, and become “set for life.” And in this episode, Gabe will show you how to do just that! You’ll learn how to save your first $25,000 (and what to do with it), live for free with the house hacking strategy, and start a business that allows you to earn more and work less!

In This Episode We Cover

How Gabe reached financial independence by the age of twenty-five

“Financial minimalism” explained (and why it’s MUCH easier than you think!)

How a few years of frugal living can fast-track your journey to FI

Living for FREE with the house hacking investing strategy

Starting a business that allows you to earn more and work less

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

Property Manager Finder

BiggerPockets Money 468 - ‘Bar Rescue’ Host Jon Taffer on the “Secret Recipe” for a Successful Business

Connect with Gabe on BiggerPockets

00:00 Intro

01:34 What Is Financial Minimalism?

04:38 A Day in the Life with FI

07:30 Gabe’s Money Journey

13:06 The Art of Entrepreneurship

16:30 House Hacking 101

24:34 Education & EXTREME Discipline

35:41 Connect with Gabe!

36:01 Become a Financial Minimalist!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-529

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

Starting your first or next business? This episode is for you. Today, we’re bringing you everything you need to know about small business taxes for beginners. Whether you’re a solo entrepreneur, partner, landlord, house flipper, Airbnb host, or something in between, you MUST know about these tax laws before you start making money with your own business because if you get them wrong, you could be paying a MASSIVE penalty come tax time. You could save yourself thousands, or TENS of thousands, just by tuning in!

Brandon Hall, CPA, runs a real-estate-focused tax and accounting firm for big and small real estate investors. But, even if you’re not investing in real estate, these tax tips also apply to YOU. In today’s episode, we threw dozens of hard-hitting tax questions at Brandon so you know what to do with your next side hustle or full-blown business.

We’ll discuss whether you need an LLC, the real benefits of getting one, and which business entity (LLC, S-corp, C-corp, etc.) makes the most sense for your specific business and tax needs. Making money on your own but NOT paying quarterly taxes? This could cost you BIG, but thankfully, Brandon goes through exactly how much you could owe. And if you want to owe less to the IRS, we’ll give examples of tax deductions plus, which are NOT worth it and could put you at a BIG audit risk.

Need a tax professional for your small business? Find one for free with BiggerPockets Tax and Financial Services Finder! 

In This Episode We Cover

Self-employment and small business taxes for beginners 

Whether or not you need an LLC and why most real estate investors have this all wrong

Estimated taxes and the MASSIVE penalty you’ll pay if you forget about this

Tax deductions and the audit red flags that the IRS is looking for

The different business entities you can start and which has the best tax benefits 

The three things you NEED to set up an LLC and the most critical one beginners forget

“SALT” taxes and why those selling goods in different states could owe even more

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 to Obtain Real Estate Professional Tax Status

Hear Past Episodes with Brandon:

BiggerPockets Real Estate 196 - LLCs, House Hacking, and Saving on Taxes with Brandon Hall

BiggerPockets Real Estate 269 - How the New Tax Code Affects Your Real Estate Investments

BiggerPockets Real Estate 934 - How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking)

On the Market 96 - The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of

On the Market 165 - Year-End Tax Updates, New IRS Interest Rates, and URGENT News for LLCs

On the Market 187 - 100% Bonus Depreciation Coming Back? (Do NOT File…Yet)

00:00 Intro

01:42 Do You Need an LLC?

02:01 Different Business Entities

09:29 3 Steps to Set Up an LLC

16:49 KEY Dates to Know 

19:14 Estimated Taxes

25:48 The “SALT” Taxes

31:56 Tax Deductions and Audit Red Flags

44:22 Claiming Passive Losses 

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-528

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

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

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

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

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

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

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

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