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BiggerPockets Money Podcast

BiggerPockets Money Podcast

BiggerPockets

For those who have money... or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.
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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.

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

BiggerPockets Forums

Finance Review Guest Onboarding

Scott's Instagram

Mindy's Twitter

Apply to Be a Guest on The Money Show

Podcast Talent Search!

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

Pay Off Debt or Invest?

Check the full show notes here: https://www.biggerpockets.com/blog/money-290

Learn more about your ad choices. Visit megaphone.fm/adchoices

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Is something stopping your FIRE? Today’s guest wants to retire early at 35, but with a shaky budget, extra expenses, and a problematic rental property, her path to early retirement isn’t clear. In today’s episode, we’ll break down her finances and help her get back on track!

Welcome back to the BiggerPockets Money podcast! Sarah earns a great salary and diligently saves for retirement each month. You’d think she’s on pace to leave her W2 job in a few years, but there’s one problem—she has more expenses than the average person. Financially responsible for two extra family members, Sarah pays for their mortgage, food, and lifestyle, all while covering her own expenses!

Does Sarah’s financial situation need a major shake-up? Tune in as Scott and Mindy debate whether it’s time for Sarah to part with a property that’s bleeding money, strategize about when to put it on the market, and discuss what to do with the money from the sale. We’ll also touch on the tough conversations Sarah needs to have with family members if she wants to achieve her retirement goal!

In This Episode We Cover

The three things Sarah must do to achieve her goal of FIRE by 35

How to reach your financial goals despite extra expenses

What to do with a rental property that has negative cash flow

The BEST time to put an investment property on the market

How to budget for future children (family planning 101!)

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Follow BiggerPockets Money on Instagram

“Like” BiggerPockets Money on Facebook

BiggerPockets Money YouTube Channel

Find Investor-friendly Tax and Financial Experts

Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust

Achieve FIRE with Scott’s Book, “Set for Life”

Sign Up for the BiggerPockets Money Newsletter

Find an Investor-Friendly Agent in Your Area

BiggerPockets Money 12 –...

Do you want to know how to save $1,000 a month (or more!) with simple spending and saving tweaks? Today, we’re giving you the BEST money hacks for 2025 from the expert, Chris Hutchins of All the Hacks! Some of these smart money moves will save Chris over $20,000 just next year, and that’s not even including all the other hacks he shared in this episode. The best part? These money hacks can help you retire early by substantially reducing your cost of living.

Chris starts by sharing one of the most genius ways he’s making extra money. You could call it a side hustle, and Chris has a LOT of them to share. Then, we start taking HUGE chunks of money out of your monthly expenses as Chris shows you how to slash all your insurance costs, reduce your property taxes effortlessly, save tens of thousands a year on healthcare, and easily go out to eat for thirty percent less.

If your 2025 goal is to save more, spend less, and get to FIRE faster, this is the perfect way to start, and missing out on these tips could cost you tens of thousands!

In This Episode We Cover

Chris’s favorite side hustle of 2024 that’s making him extra money (nobody has thought of this!)

How to slash your property tax bill in exchange for a couple of hours of your time

Reevaluating your car insurance and why you MUST get new quotes ASAP

Savvy healthcare hacks that could save Chris $24,000 this year alone

How to get a deep discount whenever you eat out (twenty to thirty percent off!)

The one thing you can’t (and probably shouldn’t) hack

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

BiggerPockets Money 473 - Holiday Shopping Hacks That’ll Save You Hundreds (or Thousands) This Season w/Chris Hutchins

BiggerPockets Real Estate 783 - Home Buying Hacks: Finding The Perfect House (and Agent!) w/Chris Hutchins

BiggerPockets Real Estate 955 - BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate w/Chris Hutchins and The Motley Fool

Why You Shouldn't Stop Working Once You Hit Financial Freedom w/Chris Hutchins

All the Hacks

All the Hacks 34 - Insider Tricks to Healthcare, Prescriptions and Medical Bills with Marshall Allen

All the Hacks 104 - Optimizing Your Insurance Policies (Auto, Home/Renters, Umbrella, Life, Disability, Pet, and Travel)

All the Hacks 181 - Making an Easy $3k/mo from Online Deals with Kai

Blueberry Pediatrics

in-kind - Restaurant Savings App

Ownwell -...

BiggerPockets Money Podcast - $200K/Year & Early Retirement in 10 Years by Being a "Lazy" Investor
play

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

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Support Today’s Show Sponsor, Connect Invest, the Alternative Way to Earn Passive Income Through Real Estate

Want to Retire Early with a Small Rental Portfolio? Grab the Book “Small and Mighty Real Estate Investor”

Find an Investor-Friendly Agent in Your Area

The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley

Connect with Dion

(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

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BiggerPockets Money Podcast - Broke at 50? How to Retire On-Time (Or Early!)
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12/20/24 • 44 min

Are you worried you won’t be able to retire at sixty-five? Feeling financially limited in your fifties and need a retirement plan so you can finally stop working? Well, we made this episode just for you. Today, we’re teaching you how to retire on time at age sixty-five (or even retire early!) if you’re starting from zero with no money to your name. We spell out exactly what we would do to go from a zero-dollar net worth to a million dollars in retirement!

This is a step-by-step plan that anyone who wants to retire on time can follow. We’ll walk through two personas: Barb, a recently divorced stay-at-home mom reentering the workforce with a zero-dollar net worth. Then, we’ll touch on Sally, a six-figure income earner who also is starting from zero. Both scenarios take slightly different steps, so listen closely because your income level could completely change your money moves!

Don’t give up on retirement! No matter your age, these simple steps can help get you to a financially stable (if not flourishing) position. We’ll talk about how to make more money, cut expenses, save every month, which investments you should prioritize for retirement, and what to do if you’re still in debt!

In This Episode We Cover

How to go from broke at fifty to millionaire (and retirement-ready!) at sixty

The one beginner-friendly investment that could make you richer (faster) than traditional retirement accounts

Starting a side hustle and how to make more money so you can retire faster

The passive, stable, and relatively safe investment that anyone can put their money into

When to pay off debt and which interest rates to prioritize first

How to become a personal finance genius in just a year simply by “listening”

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

BiggerPockets Money 169 - Breaking the Taboo of Talking About Money with Friends, Family, and Bosses w/Erin Lowry

BiggerPockets Money 586 - Average Net Worth by Age (How Do You Compare?)

Email [email protected] for a Free Copy of Set for Life

Support Today’s Show Sponsor, Connect Invest, the Alternative Way to Earn Passive Income Through Real Estate

Grab Scott’s Book, “Set for Life”

Find an Investor-Friendly Agent in Your Area

BiggerPockets Money 422 - The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

(00:03) Intro

(02:21) How to Start from ZERO!

(06:33) Stay-at-Home Mom, No Income, Divorced

(20:08) Six-Figure Income, $0 Net Worth

(27:32) Investing Your Money

(31:34) Paying Off Debt

(36:24) Want More Retirement Strategies?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-591

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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 w...

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BiggerPockets Money Podcast - 469: David Greene’s 3 Steps to Building Wealth EVEN in a Bad Economy
play

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

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Scott's Instagram

Mindy on BiggerPockets

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

Podcast Talent Search!

Money Moment

Pick Up “Pillars of Wealth” and Other Best-Selling David Greene Books

Hear David on The “BiggerPockets Real Estate” Podcast

BiggerPockets Forums

How to Become an “Overnight” Success in 10 Short Years with David Greene

Bootcamps

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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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

Learn more about your ad choices. Visit megaphone.fm/adchoices

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BiggerPockets Money Podcast - 517: Everything You Need to Know Before You Buy a Business
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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

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

Codie Sanchez: These “Boring Businesses” Will Make You Rich

Leila and Alex Hormozi’s Unbelievably Simple Investing Advice

Sites to Buy Businesses:

Acquire

BizBuySell

Flippa

QuietLight

Elliot’s Resources ...

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Why do so many in early retirement struggle with happiness? We know you’ve told yourself, “Once I hit FIRE, I’ll be living the dream! Every day will be like a vacation.” This is what Mindy was telling herself for years before becoming financially independent, and once she hit her goal, she realized life’s same problems still exist. If you’re FI already, this may sound familiar. So, how do you enjoy the path to early retirement so that when you reach your financial goal, the party doesn’t stop?

Jordan Grumet, AKA Doc G, practiced full-time medicine for years but wasn’t completely satisfied, even with financial success. After reflecting on his “purpose,” he found that hospice medicine brought him true fulfillment. Through conversations with patients on their deathbeds, Jordan uncovered a common thread: most regrets stemmed from not living a purposeful life, regardless of financial achievement.

In his new book, The Purpose Code, Jordan walks you through exercises that uncover your view on purpose, success, financial freedom, and what it means to truly “win” in life. His goal? Make sure you enjoy every day on the path to financial freedom so that when you get there, you know exactly how to live the life you love. If you want to reach FIRE happy, less stressed, and full of energy to live your early retirement life, we’ve got what the doctor ordered.

In This Episode We Cover

Why even the wealthiest people in the world are still so unhappy (and what they’re missing)

Why money is NOT the only tool you can use to find lifelong happiness

The four “anchors” you can use to find your life’s purpose before it’s too late

How to enjoy the path to financial freedom without burning out or pushing through unhappiness

The number one thing in life that leads to humans being happy (it’s completely free)

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Jordan’s Website

Land More Off-Market Deals with Crucial Property Owner Contact Information from DealMachine

Buy “The Purpose Code”

Find an Investor-Friendly Agent in Your Area

The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable w/Doc G

(00:00) Intro

(04:39) The Comparison Trap

(06:38) You're Getting "Purpose" Wrong

(10:16) How to Start Enjoying Life

(14:07) The Reason So Many Aren't Happy

(23:30) The Huge Impact of "Little" Purpose

(29:10) Purpose Exercises

(30:52) Finding Your Community

(33:54) Connect with Jordan!

(34:27) Find Purpose BEFORE FI!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-601

Interested in learning more about today’s sponsors or becoming a...

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FAQ

How many episodes does BiggerPockets Money Podcast have?

BiggerPockets Money Podcast currently has 641 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 62 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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