93: Financial Mistakes and How to Avoid Them with Scott & Mindy

Financial mistakes can have a HUGE impact on your future retirement savings - the opportunity costs can be enormous!

In this episode, Scott and Mindy discuss some of the biggest mistakes you can make financially, and ways to avoid them so you can give yourself the highest potential for financial independence.

Mindy and Scott move past previously discussed mistakes such as housing and transportation, and dive deep into relationship money mistakes, travel, spending, retirement planning and tax issues that can cost you tens of thousands of dollars in your retirement accounts.

Scott and Mindy shed light on some of the “low-hanging fruit” money missteps as well as touching on spending and lack-of-planning issues that can have an even larger impact on your financial future. 

This episode truly is for anyone who has money AND wants to have more.

In This Episode We Cover:

What house hacking is

On buying a car

Challenges that come up in relationships

What to buy on engagement rings

Concept to apply on weddings

On having kids and pets

The importance of being on the same team in your relationship

Ways to save money on travel

Travel hacking

Tax Mistakes

The right time to talk to a CPA

Talking about retirement accounts

Withdrawing money early inappropriately

Not understanding fees

Not taking the match

Track and analyzing your spending

Signs that you have miscellaneous spending problem

On investing

Links:

The $51,000 mistake thousands of retirement savers have already made

BiggerPockets Money Podcast 35: Hacking Your Life to Live for (Almost) Free with Craig Curelop

BiggerPockets Money Podcast 87: How to Save Money for Your Down Payment with Scott & Mindy

BiggerPockets Money Podcast 83: Buying Your First House with Scott & Mindy

BiggerPockets Money Podcast 81: The Basics of Investing with Erin Lowry from Broke Millennial

BiggerPockets Money Podcast 09: Financial Independence at Age 30 (by House Hacking + Side Hustles) with Drew from Guy On Fire

BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins

BiggerPockets Money Podcast 86: Choosing the Right Investment Type for Your Goals with David Stein

BiggerPockets Money Podcast 07: How Breakfast Food Motivated Financial Freedom with Mr. and Mrs. Waffles on Wednesday

Make Your Own Free Mobile Expense Tracking App in 30 Minutes

BiggerPockets Career Opportunities

BiggerPockets YouTube Channel

Connect with Scott and Mindy:

Mindy's email

Scott's email

BiggerPockets Money's email

Scott's Instagram

Mindy's Instagram

BiggerPockets Money's Instagram

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