![BiggerPockets Money](/img/default-banner.jpg)
- Видео 563
- Просмотров 6 085 740
BiggerPockets Money
США
Добавлен 14 апр 2021
Want to say "goodbye" to debt, reach financial freedom, and retire early? Welcome to BiggerPockets Money!
Every week, we interview those who have achieved or are on their way to achieving financial freedom. From debt-ridden credit card consumers looking for advice to late starters building wealth in their 50s and 60s, we talk to anyone and everyone who's on a personal finance journey so YOU can learn from their lessons and make money work for you.
Tune in on Tuesdays, where we interview thought leaders in the personal finance space and investors who used ingenious strategies to retire early. Then, on Finance Fridays, we answer money questions from listeners struggling to find financial footing or needing help figuring out what to do next on their journey to FIRE!
Don't know where to start? Click the link below!
Every week, we interview those who have achieved or are on their way to achieving financial freedom. From debt-ridden credit card consumers looking for advice to late starters building wealth in their 50s and 60s, we talk to anyone and everyone who's on a personal finance journey so YOU can learn from their lessons and make money work for you.
Tune in on Tuesdays, where we interview thought leaders in the personal finance space and investors who used ingenious strategies to retire early. Then, on Finance Fridays, we answer money questions from listeners struggling to find financial footing or needing help figuring out what to do next on their journey to FIRE!
Don't know where to start? Click the link below!
Why You Shouldn't Stop Working Once You Hit Financial Freedom
Try Hospitable, The Highest-Rated Vacation Rental Software: www.BiggerPockets.com/strautomation
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?
Find Financial Freedom Faster with “Set for Life”:
store.biggerpockets.com/products/set-for-life-revised-edition?
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
See Mindy at BPCON2024 in Cancun!
www.biggerpockets.com/events?
BiggerPockets Money 355 - All the Money Hacks We WISH We Had Known About w/Chris Hutchins:
www.biggerpockets.com/blog/money-355?
Connect with Mindy:
www.biggerpockets.com/users/mindyjensen?
For most people, financial freedom allows you to say goodbye to the nine-to-five, regain your time, an...
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?
Find Financial Freedom Faster with “Set for Life”:
store.biggerpockets.com/products/set-for-life-revised-edition?
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
See Mindy at BPCON2024 in Cancun!
www.biggerpockets.com/events?
BiggerPockets Money 355 - All the Money Hacks We WISH We Had Known About w/Chris Hutchins:
www.biggerpockets.com/blog/money-355?
Connect with Mindy:
www.biggerpockets.com/users/mindyjensen?
For most people, financial freedom allows you to say goodbye to the nine-to-five, regain your time, an...
Просмотров: 517
Видео
The Financial Independence Plan Anyone Can Use to Retire Early
Просмотров 7 тыс.5 часов назад
Episode #542 Download the DIY Finance Friday Document: www.biggerpockets.com/resources? Episode Show Notes: link.chtbl.com/Money Join BiggerPockets for FREE 👇 www.biggerpockets.com/signup? Grab Scott’s Book, “Set for Life”: store.biggerpockets.com/products/set-for-life-revised-edition? Find an Investor-Friendly Agent in Your Area: biggerpockets.com/agentmatch See Mindy and Scott at BPCON2024 in...
$150K Student Loan Debt at 6.95% Interest: Pay It Off or Invest?
Просмотров 2,5 тыс.14 часов назад
Episode #541 Student loan debt can easily get in the way of financial independence, especially if there’s a high interest rate attached to your loans. But should you pay down this debt at the expense of investing for the future? There are several factors we’re going to explore in today’s episode! Lauren is a physician assistant with a stable W2 job, a house hack, and a side hustle that provides...
From Low-Income Household to FIRE Before 40 with UNDER $1,000,000
Просмотров 13 тыс.19 часов назад
Justin Taylor has unlocked the “repeatable” path to FIRE. In his early thirties, he reached financial independence and early retirement after less than a decade of working. He did it all without a trust fund, handouts, or investing knowledge. Through careful planning and some serious research, Justin was able to invest most of his income, allowing him to retire early with under a million dollar...
Renting vs. Buying a House: Do You NEED to Own a Home for FIRE?
Просмотров 6 тыс.21 час назад
Episode #540 Renting vs. buying a house: when it comes to FIRE, many people assume that you must own a home and preferably have it paid off to reach financial freedom. But is this really true? With renting so much cheaper than buying in 2024, would it be wiser to rent a place and send the savings to your investment accounts? Today, we’re tackling this topic and a few other heavy hitters as we g...
How to Save $10,000 FAST in 2024 (7 Money Saving Strategies)
Просмотров 2 тыс.День назад
This is how to save $10,000 FAST in 2024. You don’t need to make ANY extra money to save serious amounts of cash; all you need to do is make a few finance-first switches to your spending to easily start seeing more money in your bank account. You might be using a few of these strategies already, but if you combine all seven, you’ll save money at lightning speed and reach your next personal fina...
7 Years to FIRE: How to Move Your “Lazy” Equity Now & Retire Early
Просмотров 13 тыс.День назад
Episode #539 Want to retire early? You don’t have to wait until age sixty-five. With a few cash-flowing assets and smart money moves, you could accelerate your path to retirement and enjoy your riches much sooner than you thought possible! Welcome back to the “BiggerPockets Money” podcast! Derek has worked hard to build a $1.7 million net worth and a portfolio of six rental properties. The only...
From 150k in Debt to FIRE in Their Mid-30s (With 5 Kids!)
Просмотров 14 тыс.День назад
FIRE in your mid-thirties with 150k in debt AND five kids seems impossible. But Joel and Emily prioritized cutting down their top three expenses and in doing that they paid off their debt in under 3 years and achieved FIRE by age 36. Joel and Emily have both been retired for two years and while they don't have to work another day they do have a few lucrative side hustles. Which pays for 200% of...
Late Start, Early Retirement: How to Invest for Retirement NOW!
Просмотров 12 тыс.14 дней назад
Episode #538 Are you a late starter who wants to reach retirement (or early retirement)? Then we’ve got just what you need! We’re back with Bill Yount and Jackie Cummings Koski from the "Catching Up to FI" podcast as we share how to invest for retirement as a “late starter.” Did you know there are some serious advantages to investing later in life? Some of these advantages are so secret that ev...
Late Start, Early Retirement: A Step-by-Step Fast Track to FI
Просмотров 18 тыс.14 дней назад
Episode #537 Got a late start on your retirement planning? Do you feel like you missed the boat and won’t be able to retire on your timeline? We’ve got good news for you in today’s episode-it’s never too late for retirement (and even EARLY retirement!). No matter what age you’re at, how much you have in the bank, and how much you make, you CAN retire on your terms, and our guests will prove it....
Financial Freedom and Traveling the World for JUST $40,000/Year!
Просмотров 8 тыс.21 день назад
Financial Freedom and Traveling the World for JUST $40,000/Year!
My Property Manager Robbed and Ghosted Me ($40K Stolen!)
Просмотров 2,2 тыс.21 день назад
My Property Manager Robbed and Ghosted Me ($40K Stolen!)
From Working at 15 to Retiring Her Mother and FIRE in Her 40s
Просмотров 11 тыс.21 день назад
From Working at 15 to Retiring Her Mother and FIRE in Her 40s
Quitting Her Job and On Track to Reach FIRE by Age 40
Просмотров 15 тыс.28 дней назад
Quitting Her Job and On Track to Reach FIRE by Age 40
Coast FIRE at 24 with a $99K Net Worth Through Pure Hustle
Просмотров 11 тыс.28 дней назад
Coast FIRE at 24 with a $99K Net Worth Through Pure Hustle
What Even We Didn’t Know About “Protecting” Our Wealth
Просмотров 3,7 тыс.Месяц назад
What Even We Didn’t Know About “Protecting” Our Wealth
From Living on $30,000/Year (in California!) To FI at 36!
Просмотров 8 тыс.Месяц назад
From Living on $30,000/Year (in California!) To FI at 36!
Estate Planning for Beginners: How to Save Wealth for Your Family
Просмотров 2,8 тыс.Месяц назад
Estate Planning for Beginners: How to Save Wealth for Your Family
The Money Guy Show’s 9-Step Path to Financial Independence
Просмотров 21 тыс.Месяц назад
The Money Guy Show’s 9-Step Path to Financial Independence
Financial Freedom at 25 by Doing What 99% of People Won’t
Просмотров 7 тыс.Месяц назад
Financial Freedom at 25 by Doing What 99% of People Won’t
Financial Independence and Becoming a Millionaire in Just 6 Years
Просмотров 25 тыс.Месяц назад
Financial Independence and Becoming a Millionaire in Just 6 Years
FI by 25 Thanks to “Financial Minimalism” w/Gabe Bult
Просмотров 11 тыс.Месяц назад
FI by 25 Thanks to “Financial Minimalism” w/Gabe Bult
From Making $38,000/Year to FIRE in Their Mid-30s
Просмотров 10 тыс.Месяц назад
From Making $38,000/Year to FIRE in Their Mid-30s
Small Business Taxes for Beginners and New Entrepreneurs
Просмотров 1,6 тыс.Месяц назад
Small Business Taxes for Beginners and New Entrepreneurs
FIRE at 49 as a Single Mom on a Middle-Class Salary
Просмотров 83 тыс.Месяц назад
FIRE at 49 as a Single Mom on a Middle-Class Salary
Retired Early at 44 by Buying These "Boring" Investments
Просмотров 43 тыс.Месяц назад
Retired Early at 44 by Buying These "Boring" Investments
Personal Finance for Beginners: Banking, Investing, Early Retirement
Просмотров 8 тыс.Месяц назад
Personal Finance for Beginners: Banking, Investing, Early Retirement
The Rational Investor’s Case Against Bitcoin
Просмотров 6 тыс.2 месяца назад
The Rational Investor’s Case Against Bitcoin
My $20K/Month Passive Income and Early Retirement Plan
Просмотров 8 тыс.2 месяца назад
My $20K/Month Passive Income and Early Retirement Plan
From Foster Care to $1M Business by Doing What the Rich Do
Просмотров 3,8 тыс.2 месяца назад
From Foster Care to $1M Business by Doing What the Rich Do
He said his family...
❤❤❤
I sense no kids in this financial picture. With kids it's 10x harder. Probably would have been FI already without kids (lower number and more Accumulating). Great story still
tomas calez antonio and the entire team at NYSE have been very helpful and are very quick to respond to phone calls and emails. Willing to assist with needs. feel free to check him up on google,thanks
Thanks a lot for sharing this recommendation. I just looked his website up, and I have sent him an email. I hope he gets back to me. Once again many thanks
It's ok Mindy, I'm forever 23. I forget that I'm really 52!
So hard to save money as a single parent with no support. Kids are expensive
Buying a home is not an asset or investment... it's more of a liability unless you're renting it out to someone
Great Information guys..thanks 😊
I love Renting...53/M..Toledo Ohio..single.. bring home 60k and I'm single debt free😊
Mindy😢????
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
How can i reach this adviser?
Terri Annette Moore is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Could u do an episode for women retiring alone? 50+?
Heads up this comment is a criticism. She owned a business Owned a home Got an inheritance She had a college degree but chose to teach classes as a yoga teacher Had parental support Had a partner most of the time And had kids that were teens and could have worked when they were living on one income? So much luck in the financial blessings department I can't stand to listen to this
Where are the real people that pursue FI? I started at 27k gross. With a masters degree finally after 15 years of teaching I hit 87k gross this year. Single income teacher household. We save 1/2. And live on about 35-40 a year. But it is still going to take another decade to get to the 1.3-1.5 mil we need for retirement.
Scot I have 30k in a HY savings. I’m 52, have 400k in equity, primary home; would u put it in vanguard S&P 500 or buy a property in another state rental income? I’m in unaffordable miami. 😮
2033 and later: The age to begin RMDs will increase to 75 for those who turn 74 after December 31, 2032. For me at age 52 it will be 75
Thank u for explaining middle class trap. Got it! Makes sense ❤
Love your energy & passion. U guys are one of my fav go to as a new single divorced mom starting over at 52 ❤
I love Scott's breakdown of the Middle Class Trap. I woke up from this a few years back and was able to make the adjustments just in time. It certainly takes a bit of deprogramming but it's doable and worth it when you recognize you want something different. It's the road less traveled.
Where do you get your stats ? I really find it hard to believe that most Americans have at least $41k in savings
This was a fantastic interview.❤ I’m on the right path for saving and retirement. Working on purchasing my first home.
Speaking of respect, how about not telling your husband to shut up so much, Mindy?
❤️you all from Bigger pockets !!
It's wild how much this dude just listened to somebody and started down so many paths relatively blindly, but ultimately found a good path and stuck to it.
Second!
I have notice a lot of people came over to the show have a big shovel. People with big shovels, it's more easier for them to catch up to FI. I hope to see more people with a lower income from $30k - $80k how they make a comeback to FI from their 40s, 50s or 60s.
Yes I agree! I’d love to see ppl that make 35-50k on here
@@Tpres1420 I think that we will find that for most who do catch up to FI without a big shovel... find a way to get a bigger shovel. Many people start at $35K per year. But, few end their successful journey to FI there. The MEDIAN pay for someone with 10 years of workplace experience is $54K. Someone who is consciously attempting to become a millionaire has a predisposition to maximize earnings along the way and has a good chance to outpace that. A great way to think about it is this: If you accumulate a $1M portfolio in 10 years, or are on track to, that is like managing a $1M budget for a company, or $1M in resources. Someone capable of accumulating and managing $1M in capital is unlikely to be valued at $35K - $50K per year at their job. They get raises, or find other opportunities, like side hustles and other businesses that materialize for them. I cannot find quality people to manage $1M budgets at BiggerPockets for $35K per year, for example. So what inevitably happens is even when we talk to people who begin their journey with median or lower incomes, they almost never END a successful money journey with that median income. Then, they get called unrelatable, even when, in the context of any feasible catching up to FIRE journey, theirs is the logical, and likely in the context of that journey, median, outcome.
@@Tpres1420Exactly: People with low salaries starting in their mid forties and reaching FIRE by their mid fifties. That is something that I really would like to see more of.
My wife and I are 4 yrs into our journey and have made around 120 k yr combined.
Read Pathfinders from JL Collins. That book is full of those stories
HELOCs.....bad advice in my opinion. How about you cut up your cards and not use them if you need a HELOC to pay off credit cards...
I started working at 18, strived and grew my portfolio to $600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park I can retire in 9 years. What approach do I take?
JEPI and JEPQ Inclusion is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
I believe a healthy portfolio has 3 things, at the bare minimum: Its Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks and Exposure to market-leading tech. These are really important for a growing and healthy portfolio
Generally, I think a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains. It might not be a lot but then retirement doesn’t seem so farfetched anymore.
Your CFA must be really good. How I can get in touch? My retirement portfolio's decline is really a concern, and I could use some guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amber Kay Wright” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I absolutely love the messaging of this video. I always tell people one of the first steps to investing is to define your "why" and it can't be because it's the right thing to do. There are going to be times where investing is hard, things will go bad, and investment will fail, the market will go down, things in your rentals will break, etc.... If you don't have a higher meaning for why your investing it's easy to stop. The stronger your purpose and the more simplistic your system or process is the better luck you have of sticking to your plan. Thanks for sharing this video!
I have Amazon and Berkshire. SCHG
HSA is great..Please invest
Great Information thanks..I'm single and 53/m..bring home 60k yr😊
Very practical tips. Thank you Budgenista. She is so good 😮
I'm 62 disabled and saving as best I can Pleased my Emergency Fund is saved. Next is continue to save and being constantly frugal. Eating healthy food hoping to live till my 90s happily I have nice things I enjoy daily. I don't want to be constantly being a spender anymore. . It's never time to give in and forget about starting. I want to enjoy the next 30yrs on a budget successfully saving and investing money as a lifestyle change for the better
I am in real estate here in Durango. Several years ago I switched to the Iphone. I hear what you are saying about finding cheaper products. In the case of being a top notch realtor, the Iphone has really helped my business. The apps work better for business and on the Iphone. If you have a business that doesn't need the Iphone you may be fine using an android, but for me and my business the Iphone has really helped bring my business to the next level. At this point in my career I would not consider switching off the Iphone to save money.
The key is to buy only assets and INVEST! The billionaires of the world are brokerage account millionaires and real estate billionaires
I wish I had women like you in my life every time I date someone... they don't want to seem to save they want to live for today I want to get married again to the right person😮
53/M single in Toledo Ohio ..401k is 100k im still behind.. debt free I have a full-time job I hope I can retire at 65.. I bring home $60,000 a year😮😊
There is no such thing as free travel, people! Come on now.
Is there a user manual for working through the 4-steps, some kind of map to use to help you figure out what should be considered and included? How do we learn about the investor policy statement and cashflow waterfall?
Great episode
First of all Bitcoin is not BTC, Bitcoin is BSV. So learn what BSV is and then remake the video perhaps
Love this story!
Ok, so in summary: make over 200k a year (plus stock options), spend around 36k, invest the rest in a boom market...easily repeatable. Oh, just remember, he never answered how he pays for everything, because he said he doesn't touch his portfolio $$$. Very repeatable...🙄
I love the part-time in retirement idea. I believe it can help a lot of people mentally,physically, and, of course, financially.
49 but look very young!
I definitely can relate, that's how my family taught me , I started investing via Sofi little buy little, like $25 in Amazon and it grew rapidly so I started learning more. And boy was I amazed via RUclips and books, and I'm still on the journey
❤❤❤
How can a broke 60 yo get rich the lazy way❓
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
Oh really? Tell me more! Always interested in hearing stories of successes.
This is what Ana Graciela Blackwelder does, she has changed my life.