BiggerPockets Money Podcast
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Top 10 BiggerPockets Money Podcast Episodes
Goodpods has curated a list of the 10 best BiggerPockets Money Podcast episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to BiggerPockets Money Podcast for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite BiggerPockets Money Podcast episode by adding your comments to the episode page.
290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings
BiggerPockets Money Podcast
04/08/22 • 62 min
Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week’s Finance FAQs. That’s right, we’re here with a new segment where Scott and Mindy take your questions directly from the BiggerPockets Money Facebook group and give answers so you can make smarter investing, saving, and life-changing decisions.
In this episode, we get into questions from a range of different financial situations. We have questions about debt payoff schedules, whether to sell stocks and invest in real estate, why “safe” investing may not be smart investing, and what to do when three-quarters of a million dollars are given to you. Scott and Mindy not only answer these questions the best they can, but they also give the “why” behind the financial decision so you can be better equipped when situations like this come up in your own life!
If you want to ask a question or give us feedback about this new format, you can do so on the BiggerPockets Money Facebook Group or leave a comment on the BiggerPockets Money YouTube channel. We’ll try and round up the most commonly asked questions so Scott and Mindy can keep the wealth-building wisdom coming!
In This Episode We Cover
The safest investment vehicle in 2022 (and why safest doesn’t always mean best)
Whether to pay off student loans or invest in retirement and real estate
Which debt to pay off first so you can coast to debt-free freedom
Renting vs. buying in today’s hot housing market and how to decide for yourself
Funding home renovation projects (even when contractor costs are high!)
House hacking and using it to lower your expenses, grow net worth, and build financial runway
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
Apply to Be a Guest on The Money Show
Follow Along Mindy’s Live Budget Tracking
BiggerPockets Money Podcast 35 with Craig Curelop (House Hacking)
BiggerPockets Money Podcast 267 with Robert Farrington (Student Loans)
Does It Make More Sense to Rent or Buy in Today’s Real Estate Market?
A Beginners Guide to Hack Your Housing and Live for Free
Check the full show notes here: https://www.biggerpockets.com/blog/money-290
Learn more about your ad choices. Visit megaphone.fm/adchoices
2 Listeners
$200K/Year & Early Retirement in 10 Years by Being a "Lazy" Investor
BiggerPockets Money Podcast
12/06/24 • 35 min
Dion McNeeley retired in just ten years after starting from not just zero but NEGATIVE. He was forty years old with $89,000 in debt, had no assets, a low-paying job, and zero investing experience. Thanks to his “lazy” method of building wealth, he was able to amass millions of dollars in assets, create over $200,000 per year in passive income streams, and retire just ten years after starting his journey to FIRE. Can you do it, too, even in today’s markets? Yes!
Dion did what most people aren’t willing to: lower your cost of living, spend less, save more, and yes...house hack. He built a small real estate portfolio just by house hacking alone. Still, thanks to the compounding effect of real estate, Dion’s passive income from the rentals began to overtake his monthly expenses. Now, he rakes in four to five times more than he could ever spend. Who wouldn’t want a $200,000 per year income stream in retirement?!
But it’s NOT too late to copy Dion’s exact strategy. In fact, Dion is sharing why NOW is one of the best times ever to get into real estate investing and how you, too, in ten years or less, could be making major passive income and enjoying early retirement!
In This Episode We Cover
How to explode your passive income by slowly investing in real estate
Dion’s journey from $89,000 in debt and low-paying jobs to financial freedom
Why Dion encourages you to IGNORE what everyone is saying about the housing market
A $1,000,000 mistake that Dion made that you should NOT repeat (DON’T pay off your house!)
Why Dion doesn’t care about growing a big real estate portfolio (and you shouldn’t either!)
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Find an Investor-Friendly Agent in Your Area
The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley
(00:00) Intro
(01:00) $89K of BAD Debt
(07:00) Do This NOW!
(10:58) Great News for Landlords
(13:43) Dion's $1,000,000 Mistake
(16:19) No Stocks, No Bonds...Just Rentals?
(18:15) "Reverse Budgeting"
(19:58) Emergency Reserves and Current Portfolio
(22:13) Working 2 Hours a MONTH!
(23:49) Dion's FIRE Advice
(27:39) Connect with Dion!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-587
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email 1 Listener
110: Systematically Increasing Income and Intentionally Decreasing Spending with A Purple Life
BiggerPockets Money Podcast
02/03/20 • 63 min
Purple graduated from college and got a job in New York City making $35,000 a year. And spending $35,000 a year. Her net worth was a whopping $5,000. Her partner shared the concept of financial independence with her, but she wasn’t interested.
Two years later, her net worth had grown considerably, but she was still not tracking her spending or paying attention to much of her finances.
So, she took a good look at her money situation and discovered that there were places she could make cuts—yet not really feel them.
She moved across the country, she changed jobs, she asked for raises. And she saved and invested her money.
And her net worth grew to the point that she is retiring before the end of the year and traveling the world—all because she looked at her financial situation and said, “I can do better than that!”
Listen in to hear just how she increased her income and decreased her spending to craft the life she wanted!
In This Episode We Cover:
- Purple's journey with money
- Her mom's gift
- Deciding to seek financial independence
- Convincing your partner to pursue FIRE
- Purple's net worth
- Tips for people who are looking for a new job and better income
- The importance of research
- Purple's plan in the future
- What her retirement looks like
- Possible downsides of remote work
- And SO much more!
Links from the Show
- Mr. Money Mustache
- Glassdoor
- Indeed
- PayScale
- cFIREsim
- BiggerPockets Money Facebook Group
- BiggerPockets Money Survey
Learn more about your ad choices. Visit megaphone.fm/adchoices
534: Coast FI at 24 and a $99K Net Worth Thanks to a Few Years of Pure Hustle
BiggerPockets Money Podcast
06/04/24 • 57 min
Could Coast FI be your BEST path to financial independence? Maybe you don’t want to retire early —not yet, at least. Hustle for a few years, invest your money, and watch it snowball instead! This twenty-four-year-old saved nearly $100,000 with this strategy, and in today’s episode, she’ll show you how to do the same!
Emma von Weise was determined to take control of her finances at a very early age, getting her first job at just fourteen years old and saving money at every opportunity. This allowed her to not only escape college debt-free but also build a $99,000 net worth, a figure that will make her Coast FI until retirement—which isn’t on the radar anytime soon! Using her newfound financial freedom, Emma has built her “dream” life by working in a field she loves and taking plenty of time off to travel.
In this episode, Emma shares about all of the different jobs and side hustles she took up to supercharge her savings, as well as several creative “hacks” she used to help fund her college tuition. She also talks about some of the pivotal moments that shaped her views on personal finance, such as discovering the power of compound interest and finding an entire support system through the FI community!
In This Episode We Cover
How Emma became Coast FI by twenty-four and built a $99,000 net worth
Creative ways to fund your college education and escape debt-free
The real value of buying used cars from private owners (and where to find deals!)
How to create a fun and fulfilling life you don’t want to retire from
How to fast-track your fortune using the power of compound interest
Making your money work harder for you after stockpiling cash
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
BiggerPockets Money Episode 474 - Mindy and Scott’s Favorite Sleepaway Camp for FIRE Chasers
528: The Small Business Owner’s Guide to Taxes, LLCs, Deductions, & Audit Risks
BiggerPockets Money Podcast
05/14/24 • 56 min
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
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 w...
503: How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!)
BiggerPockets Money Podcast
02/16/24 • 44 min
With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve brought on a tax professional to help you keep as much of your newfound money as possible.
There are two certainties in life: death and taxes. In this episode of the BiggerPockets Money podcast, we’re combining them. Sean Mullaney, The FI Tax Guy, returns to the show to lend his expertise on inherited investment accounts. Whether you’re the spouse, child, or sibling of a loved one who has recently passed, you’ll need a plan for managing these financial assets. Otherwise, a huge inheritance “tax bomb” could be waiting for you down the line!
Sean discusses the four “buckets” of assets you can inherit and the steps you should take in each scenario. You’ll also learn about the “step-up in basis” exemption that allows you to dodge capital gains tax on certain accounts, as well as when you might need to take required minimum distributions (RMD) —even if you’re far from retirement. Grab your pen and paper as we get into the nitty-gritty of inheriting wealth.
In This Episode We Cover
How to pay less tax on your inherited investment accounts
The four “buckets” of financial assets you might inherit
Navigating the “ten-year rule” and preventing a HUGE tax bill
Dodging capital gains tax with the “step-up in basis” exemption
How to avoid early withdrawal penalties on spousal accounts
The “worst” account to leave for an heir (and what to do with it instead!)
How to pass a retirement account on to a spouse, child, or sibling
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Estate Planning, Wills, and What to Do NOW to Protect Your Heirs
The Post-Passing Plan: 3 Steps to Protect Your Family’s Financial Future
Hear Our Last Epiosde with Sean
Grab Your Copy of “Die With Zero”
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-503
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymo...
510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich
BiggerPockets Money Podcast
03/12/24 • 52 min
Morgan Housel’s ground-breaking book, The Psychology of Money, changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, Same as Ever.
In Same as Ever, Morgan doubles down on what has, and most likely always will, work in the personal finance world. By showcasing some of the most commonly repeated financial events of the past, we can better shape our understanding of what will happen in the future and use history to our advantage to build even bigger wealth, enjoy our lives even more, and not repeat our past mistakes.
But this episode goes much deeper than that. We talk about why so many Americans will die without building wealth, why people are afraid to invest, when to spend your wealth once you’ve built it, and exactly how Morgan invests his own money. Plus, why getting rich isn’t your biggest concern—staying rich is.
In This Episode We Cover
Why Morgan thinks you MUST be a “reasonable optimist” to get and stay rich
Exactly how Morgan spends, saves, and invests his own money
The real reason why most Americans will die without ever building wealth
The “competition” which is always looking to take your success from you
How to STOP being afraid of investing and start putting your future first
When to spend your wealth and why dying with riches isn’t the real goal
Financial regrets and mistakes of Morgan’s past, and advice for ANY investor
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
The Simple Path to Wealth—Index Funds Explained with JL Collins
How to Get Rich Without Investing in Real Estate
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-510
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
517: Everything You Need to Know Before You Buy a Business
BiggerPockets Money Podcast
04/05/24 • 48 min
Buying a business? Maybe you’ve thought about it before. You could own a laundromat, self-storage facility, plumbing business, or landscaping service. It doesn’t sound glamorous, but these types of businesses can make you millions of dollars and lead you to financial freedom. And, with so many baby boomers retiring, tons of small businesses with built-in customer bases are for sale, just waiting for YOU to come and make money from them. But before you buy, there are some things you should know.
Elliott Holland, an expert in acquiring small and medium-sized businesses, helps aspiring business buyers uncover whether a business is worth the price. Elliot’s team specializes in business due diligence, making sure that YOU don’t buy a business that’s worth less than what the owner/broker told you it was. Trust him; he’s saved many new entrepreneurs from making million-dollar mistakes.
So, before you buy a business, listen to this episode. In it, Elliot walks through exactly how a business is valued, which loans you can use to buy a business, why you CAN’T trust the financials from the current business owner, questions to ask before you buy, and who should even be buying a business in the first place. Do this right, and you could be sitting on lifetime financial freedom, but take a wrong turn, and you could lose millions (we’ll share that story, too!).
In This Episode We Cover
How to buy a “boring business” that will lead you to financial freedom
How businesses are valued and why you MUST understand “EBITDA”
Tricky ways that business owners inflate their numbers to sell to you for more
Who should (and definitely shouldn’t) be buying small businesses
Three things you MUST look at before you make a bid on a business
The wrong move that lost one business owner over $2,000,000 when buying a business
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
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Codie Sanchez: These “Boring Businesses” Will Make You Rich
Leila and Alex Hormozi’s Unbelievably Simple Investing Advice
Sites to Buy Businesses:
Elliot’s Resources ...
On Track to Retire a Millionaire After Living Paycheck to Paycheck
BiggerPockets Money Podcast
10/18/24 • 31 min
Just a short while back, Marisa Mae was caught in the paycheck-to-paycheck trap, her credit cards stretched to their limits with no emergency savings to speak of, all while wrestling with constant financial stress. Today, she’s on a clear path to retire as a millionaire. Her secret? Mastering the art of debt repayment without succumbing to severe frugality. Marisa managed to eliminate five-figure consumer debt, not by cutting out her cherished coffee runs, but by smart financial planning. Isn’t that supposed to be a big FIRE faux pas?
Marisa’s turning point came at rock bottom—stranded without a place to stay or a dollar to her name. But instead of going back to restrictive budgeting and punishing herself for her overspending, she built a financial plan that worked specifically for her.
Now, Marisa is ready to show others that achieving financial freedom, eradicating debt, and even starting to invest can all happen WITHOUT cutting everything enjoyable out of your life. If you’re battling to escape bad debt, Marisa’s approach could liberate you faster than you think—even if you struggle to find financial balance.
In This Episode We Cover
How Marisa went from a financial “mess” to being on track to become a millionaire in retirement
The spending hack that allows you to treat yourself WITHOUT going over budget
Why you CAN invest while paying off debt (and the right way to do it)
Why taking on good debt to grow your business/side hustle isn’t a bad thing
The “slow” path to becoming debt-free that is MUCH more successful than the beans and rice diet
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
Get Your Personal Finances in Check with “Set for Life”
Find an Investor-Friendly Agent in Your Area
How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!)
(00:00) Intro
(01:05) Paycheck-to-Paycheck and Worth $0
(04:29) Enough is Enough
(07:20) Paying Off Debt While Still Spending
(10:21) Investing While in Debt!?
(14:41) Finally Debt-Free?
(16:58) Managing Her Money
(21:38) Best Tip for FIRE
(24:08) Connect with Marisa!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-573
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
469: David Greene’s 3 Steps to Building Wealth EVEN in a Bad Economy
BiggerPockets Money Podcast
11/15/23 • 36 min
Building wealth is about to become more challenging than ever before. High interest rates make many rental properties cash-flow-less, the economy could enter a recession, and many investors could lose their shirts. In times of extreme economic uncertainty, only the financially fit will be able to keep, protect, and build wealth. So, in today’s episode, we’re giving you the steps you need to not only survive but thrive in ANY economy.
Who are these steps coming from? David Greene, the waiter turned multi-million dollar property investor who is not only the industry’s leader in real estate investing but one of the most financially savvy people on the planet. When the gurus go left, David goes right, which is how he’s been able to hold on to his wealth EVEN during economic turbulence .
Today, David will go over the Pillars of Wealth (also the name of his new book) that you must start building NOW if you want your wealth to last. David even gives some rare commentary on the MOST critical thing you can do to reach financial freedom faster and make more money (hint: it’s not investing in real estate).
In This Episode We Cover
The three unignorable pillars of wealth that will make you rich
BIG shifts in the economy and what happens when this game of “musical chairs” comes to an end
When to NOT invest in real estate and whether or not 2024 is FAR riskier than before
The EASIEST way to boost your bank account WITHOUT making more money
What to do TODAY to ensure you keep your job, get raises, and grow your income
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
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
Pick Up “Pillars of Wealth” and Other Best-Selling David Greene Books
Hear David on The “BiggerPockets Real Estate” Podcast
How to Become an “Overnight” Success in 10 Short Years with David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-469
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
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FAQ
How many episodes does BiggerPockets Money Podcast have?
BiggerPockets Money Podcast currently has 599 episodes available.
What topics does BiggerPockets Money Podcast cover?
The podcast is about Investing, Podcasts, Education and Business.
What is the most popular episode on BiggerPockets Money Podcast?
The episode title '290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings' is the most popular.
What is the average episode length on BiggerPockets Money Podcast?
The average episode length on BiggerPockets Money Podcast is 63 minutes.
How often are episodes of BiggerPockets Money Podcast released?
Episodes of BiggerPockets Money Podcast are typically released every 4 days.
When was the first episode of BiggerPockets Money Podcast?
The first episode of BiggerPockets Money Podcast was released on Jan 1, 2018.
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