BiggerPockets Money

One of the most frequently asked questions in the BiggerPockets forums is "How can I start investing in real estate with no money and bad credit?" The answer? You can't (Well, to be more accurate, you probably shouldn't). You need to fix your "No money and bad credit" situation and invest from a position of financial strength. Co-hosted by BiggerPockets' Scott Trench and Mindy Jensen, this podcast provides the education you didn't get in school. You'll get tips for getting your financial house in order and actionable advice from guests who have been in your shoes - and found their way out.

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Previous Episodes

January 28, 2019

BiggerPockets Money Podcast 57: Financial Freedom, House Sitting & Travel Hacking With GoWithLess

Tim and Amy were frugal—or so they thought. They spent less than they earned, so they figured they were doing it right. Then one day, they happened upon the concept of financial independence. Turnsout, they had a LOT of room in their budget to cut back. Once they did, it took them less than one year to hit their financial independence number. They're now able to retire (if they so choose)! What catapulted them down the path to financial freedom? Namely, it was downsizing their 6,000-square-foot home. Once their daughter graduates from high school, they’ll rid themselves of their current 1,800-square-foot home and house/pet sit around the world full time. They plan to stretch their retirement dollars even further by travel hacking their way between cities. Tim and Amy have combined their passion for travel (and pet sitting) into a full blown retirement plan. In this episode, the couple shares tips for getting started as a house or pet sitter, so you can stay for free when you travel, just like they do. We also explore different options for post-retirement life. Tune in to hear what Tim and Amy cut out of their spending to make early retirement a reality. ... show more

January 21, 2019

BiggerPockets Money Podcast 56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances

Rich Jones and Marcus Garrett are the men behind Paychecks and Balances, a podcast aimed at helping Millennials figure out their finances. And they should know a little on the subject—both Rich and Marcus made some pretty epic money mistakes in their youth. From Rich just not looking at his bills to Marcus actively going into almost $30K of debt in 72 hours (NOT a typo!), they know what owing money to someone feels like. Marcus details his D.E.B.T. plan so you can pick yourself up, dust yourself off, and pay off your debt for good. Are you looking to be debt-free in 2019? This episode can help you formulate a plan that works for your specific situation, with tips for staying out of debt once you arrive. ... show more

January 15, 2019

BiggerPockets Money Podcast 55.5: Testing Your Portfolio BEFORE Retirement with Millennial Revolution

A little over halfway into BiggerPockets Money Podcast episode 55, Bryce dropped a bombshell: “We had three years of runway before we actually pulled the trigger.” What he meant is that they tested their portfolio for three years before quitting their jobs. Bryce saw firsthand how it would work—and more importantly that it could work—and it gave him and Kristy the peace of mind they needed to retire early and travel the world. We moved onto the next topic rather quickly, but this is something we couldn’t leave alone. So we brought Kristy and Bryce back to dive into this topic, one that can help our listeners who may be on the fence about early retirement see that this truly works. Bryce goes deep into details of their investments—and how he reviewed and reallocated every year for optimal performance. If you’re looking for additional reassurance that early retirement is possible, this episode is what you’ve been looking for. ... show more

January 14, 2019

BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution

Kristy Shen grew up poor. Knowing her parents couldn’t help her financially, she gave up her dreams of being a writer, and went to school to make big bucks as a software developer. She even graduated on the five-year program with an internship to limit her student debt and increase her chances of getting a job after graduation. That gamble paid off and she was rewarded with a high stress job requiring her to be on call 24 hours a day. After seeing that same job stress almost kill a co-worker, she re-evaluated her own health issues, decided this path was ridiculous, and set out to make a change. Kristy and Bryce share their journey through saving up enough to leave their jobs, the actual quitting process (it’s not as easy as you think) and into one of the worst ‘first years of early retirement’ - an oil crisis that sent their portfolio plummeting. Clever tricks including their Yield Shield and Cash Cushion got them through their tumultuous first year, and ultimately proved that this DOES work, and you CAN retire early to travel the world. If you're yearning for another option outside the traditional career path and wish you had the time and resources to see all of the faraway places on your list, tune into this episode—and get inspired. ... show more

January 7, 2019

BiggerPockets Money Podcast 54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

In today’s episode, we chat with Eric Brotman, CEO of BFG Financial Advisors, who discusses his top 6 ways to reduce taxable income. Eric dives deep into each of these 6 methods, taking time to explain the ins and outs of each one and sharing how to maximize their benefits—both now and for your future. It’s a new year, and “get my finances in order” is one of the most common resolutions people make. This episode will give you a leg up on the steps you need to take to make this happen in 2019. ... show more

December 31, 2018

BiggerPockets Money Podcast 53: 2018 Financial Freedom Lessons With Scott & Mindy

Today, Scott and Mindy go guest-less to recap and review the things they’ve learned over the first year of podcasting. Topping the list—and surprising no one—is tracking your spending. But we did learn some new things this year too, like how money dates are a great way to bring your spouse on board. Looking for change your financial situation in 2019? THIS is the episode that can start you down the path to financial freedom. ... show more

December 24, 2018

BiggerPockets Money Podcast 52: Creating a Life Worth Living Before Retirement With Roger Whitney

Roger Whitney learned early on that your life doesn’t always cooperate with your plans. The passing of his mother - who had always worked hard and saved for ‘later’ made him realize that ‘later’ doesn’t always happen. So he set out to create a life he loves - and NEVER wants to retire from. But first, he made a bunch of money mistakes. His free-wheeling 20’s gave way to his more responsible 30’s, where he cleaned up his debt and got serious about his finances. Now he’s living his best life, and shares tips for having the conversation with your partner to allow you to live your best life, too. ... show more

December 17, 2018

BiggerPockets Money Podcast 51: Using Financial Freedom to Prioritize Family with Crispy Doc

Carlos Fuego is an emergency room doctor with a superpower—the ability to realize that money doesn’t buy happiness and family time is far more important than the status of being a doctor. He realized that his kids viewed him as a roommate and his wife resented that she had to run the household while he was working, so he took a step back, figured out what truly mattered, and pursued that, instead. Carlos is now living his best life, practicing the amount of medicine he wants to, when he wants to, and leaving in time to be home with the kids and help his wife run the household so she can live her best life too. Carlos shares how to figure out what you really want in life, and the changes he made that brought him closer to his family, and happier than ever. ... show more

December 10, 2018

BiggerPockets Money Podcast 50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington

Patrice Washington was flying high in 2006, the multi-million dollar real estate company she had started with her husband was practically printing money. But 2007/2008 came, and things went south fast. A high-risk pregnancy finally pushed her over the financial edge – she came out of the hospital with a healthy baby, but massive hospital bills after her insurance company cancelled her policy mid-stay. Patrice and her husband did anything and everything they could to avoid bankruptcy, a mentor told them “You can’t nickel-and-dime your way out of $2 million in debt.” Bankruptcy wiped out all debts – wrecking their credit but allowing them to start over fresh. Fast forward a few years, and now Patrice is America’s Money Maven, teaching others how to get their financial house in order to lead their best, most satisfying lives. Bankruptcy doesn’t define you, and this episode is an excellent example for anyone starting over. ... show more

December 3, 2018

BiggerPockets Money Podcast 49: Wealth Transfer—How to Financially Prepare for Inheritance Money with Hari Mix

Hari Mix figured out money in grad school and started saving for his future before he graduated. He became an assistant professor at Santa Clara University—and then, his mother was diagnosed with terminal cancer and his whole focus shifted. Today, Hari shares his experiences with his mother’s passing and how discussing it before she died made it easier for him to manage her estate afterwards. He shares some REALLY great tips for ways to handle an estate, including having all your documents in order and having a will. This episode gets pretty deep into topics that no one ever wants to think about, but that everyone will have to deal with, both with their parents and for their children. Having a will is a great first step, but there are lots of other things you can do to ease the financial transfer burden—and things you need to know before making any moves. The more prepared you are, the easier this process will be during one of the most difficult times of your life. If you’re in a position to inherit wealth from a parent or transfer wealth to heirs upon death, this is an episode you cannot miss. ... show more

November 26, 2018

BiggerPockets Money Podcast 48: Breaking the Impulse Shopping Twitch to Embrace Minimalism with Anthony Ongaro

Anthony Ongaro had a habit. Every time he had a bad day, every time life wasn’t amazing, he opened up his online shopping site, and One-Click purchased something. Anything. It didn’t matter. He didn’tneed it, it didn’t matter what it was, but the act of purchasing made him feel better. Until he noticed that he was missing family events because he couldn’t afford the tickets, yet almost every day there was a box on his doorstep. He implemented a complete shopping ban - and discovered that at first, it was similar to cutting out sugar. He was grumpy and in a very bad mood. But after the initial shock, he found that he didn’t miss the stuff - in fact he was inspired to clear the clutter, remove the distractions from his life, so that he could live his best life. Are you feeling overwhelmed by your ‘stuff’? This episode can give you the direction you need to get started. ... show more

November 19, 2018

BiggerPockets Money Podcast 47: Big Money Wins—Unique Ways to Save & Use Cash Efficiently with Jim Wang

Jim Wang has been sharing his views on money for more than 14 years—more than enough to earn him the title of Great Uncle of Personal Finance Blogging. And he’s learned a LOT about money in those 14 years. Today, Jim shares his "big money wins"—unique, one-time ways to save larger sums of money or ways to get more bang for those bucks. He even has a tip we’ve never heard before! (We’re not going to reveal it here, you’ll have to listen!) Jim also shares how his childhood shaped his views about money, his discovery that his day job wasn’t his true destiny, and how his frugality gave him enough confidence to take the leap into entrepreneurship. Looking for a some help cutting a bit more from your budget? This is the episode you need to listen to—twice! ... show more

November 12, 2018

BiggerPockets Money Podcast 46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

This week’s episode features Sam Dogen from Financial Samurai. After one month working for a top investment firm, Sam knew 70-hour workweeks were not the life he wanted. So Sam took action immediately. Instead of fancy cars and dinners out, Sam shared a studio apartment with a friend and socked away HUGE sums of money—50% of mediocre starting salary. He invested in real estate (shocker), stocks, and bonds—and continued his massive savings rate. Taking advantage of the economic downturn, Sam engineered his layoff and an enormous payout. Sam now lives the life he wants, having set up multiple passive income streams during his working years. He spends time with his family every day and embodies the concept of financially free. He no longer trades his time for money; his money just simply reproduces itself and does all the heavy lifting. This episode is a great look at how a little upfront discomfort can lead the your best life. ... show more

November 5, 2018

BiggerPockets Money Podcast 45: The Truth About Entrepreneurship with Matt Giovanisci

Matt Giovanisci is a serial entrepreneur. He decided early on that “working for the man” was not in the cards for him, and he set out creating side hustles that generated income so he could be his ownboss and do things on his schedule and his terms. But entrepreneurship isn’t always the pie-in-the-sky fairytale that it is sometimes made out to be. On today’s episode, we talk to Matt about the successes and failures he’s had as an entrepreneur—from the pool/spa care website he took to $100K in yearly revenue in just five short years to the podcast he quit after one episode. This episode takes off the rose-colored glasses for a realistic view of how entrepreneurship actually looks. ... show more

October 29, 2018

BiggerPockets Money Podcast 44: DIY Your Way to FI with Tinian Crawford

Tinian Crawford went to college - and took 6 years to complete his Associates Degree in Graphic Design. College just wasn’t for him - he didn’t enjoy it and didn’t get much out of it. He knew he needed a job, but wasn’t sure what he wanted to do for the rest of his life. A series of odd jobs led to a position at a sign shop. Connecting the dots, he saw that many of the signs needed electricity, and figured he’d be worth more if he was an electrician. After mentioning this to his wife, suddenly vocational brochures started to arrive in the mail. He chose the most expensive way to get his license, and parlayed it into a minimum wage job until he was a journeyman electrician. Tinian took some time to figure out his path, but is now on the way to Financial Independence, living the life he wants on the terms he chooses. If you think you’re too late for FI (Spoiler Alert: you’re not!) THIS is the episode that will change your mind and show you it IS possible, even if you’re not 20 years old. ... show more

October 22, 2018

BiggerPockets Money Podcast 43: Using the Power of Goal-Setting to Fundamentally Alter Your Financial Path with J Scott

You’ve probably heard J Scott’s real estate story (spoiler alert—he’s killing it!). But he’s never really told his money story that led up to this massive real estate success. Today, we talk to J and discover that in his 20s, he knew nothing about money, investing, or real estate. He started off $35,000 in debt, with no plan and no goals. An investing discussion with friends led to the creation of a spreadsheet to display his financial position in terms he could not ignore. The spreadsheet spawned a goal of $0 debt, a second job as a bartender, and J paying off all his debt in two years. He discovered he liked owning assets. At the suggestion of his wife, they bought a house to flip and promptly made every single flipping mistake you can make. Hear how J turned mistakes into successes many times over—and how having a goal to work towards keeps him focused on moving forward. ... show more

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BiggerPockets Money

Previous Episodes

BiggerPockets Money Podcast 57: Financial Freedom, House Sitting & Travel Hacking With GoWithLess

BiggerPockets Money Podcast 56: Change Your Personal Finances (& Your Millennial Money Mindset) with Paychecks & Balances

BiggerPockets Money Podcast 55.5: Testing Your Portfolio BEFORE Retirement with Millennial Revolution

BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution

BiggerPockets Money Podcast 54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

BiggerPockets Money Podcast 53: 2018 Financial Freedom Lessons With Scott & Mindy

BiggerPockets Money Podcast 52: Creating a Life Worth Living Before Retirement With Roger Whitney

BiggerPockets Money Podcast 51: Using Financial Freedom to Prioritize Family with Crispy Doc

BiggerPockets Money Podcast 50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington

BiggerPockets Money Podcast 49: Wealth Transfer—How to Financially Prepare for Inheritance Money with Hari Mix

BiggerPockets Money Podcast 48: Breaking the Impulse Shopping Twitch to Embrace Minimalism with Anthony Ongaro

BiggerPockets Money Podcast 47: Big Money Wins—Unique Ways to Save & Use Cash Efficiently with Jim Wang

BiggerPockets Money Podcast 46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

BiggerPockets Money Podcast 45: The Truth About Entrepreneurship with Matt Giovanisci

BiggerPockets Money Podcast 44: DIY Your Way to FI with Tinian Crawford

BiggerPockets Money Podcast 43: Using the Power of Goal-Setting to Fundamentally Alter Your Financial Path with J Scott

BiggerPockets Money

BiggerPockets Money

Previous Episodes

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