BiggerPockets Money Podcast

By: BiggerPockets
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  • Summary

  • 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.
    © Copyright © 2024 BiggerPockets. All Rights Reserved. Disclaimer: The information contained in this podcast is for general informational purposes only. In no event will BiggerPockets be liable for any loss or damage derived from the information provided.
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Economics Personal Finance
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Episodes
  • The Financial Order of Operations for FIRE (Step-by-Step Early Retirement Plan)

    The Financial Order of Operations for FIRE (Step-by-Step Early Retirement Plan)
    Apr 18 2025
    Most people chasing FIRE (financial independence, retire early) are doing it all out of order, and it’s costing them years of financial freedom. So, we thought, “What’s the fastest way to achieve FIRE, and which steps would you take if you were starting from scratch?” Today, we’re bringing you a supercharged financial independence plan, sharing the exact financial order of operations that’ll take you from a $1,000 emergency fund to fully-fledged early retirement. We know the steps because we’re reverse-engineering our own paths to financial independence, and we WISH we had done some of these earlier. If you’re a beginner in the FIRE movement, start here and work through these steps to FIRE the fastest. If you’re close to FIRE already or at a significant financial milestone, don’t worry. We have tips you can use right now to retire earlier and avoid the “middle-class trap” that kills so many FIRE dreams. We’re going through retirement accounts, emergency funds, cash-flowing investments, and side hustles to help you earn more. Plus, what to do once you make TOO much money to invest in tax-advantaged retirement accounts. In This Episode We Cover The exact financial order of operations to reach financial independence fastest The bare minimum emergency fund you should have in your bank account at all times How to calculate your FIRE number in five seconds so you know your goal What to do when you make TOO much money to invest in a Roth IRA When to STOP investing in retirement accounts to avoid the middle-class trap Moves to make as soon as you’re retired early that’ll make your FIRE last even longer And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-632 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    41 mins
  • The “Silver Lining” for Investors After a Historic Week for Stocks| Life After FIRE

    The “Silver Lining” for Investors After a Historic Week for Stocks| Life After FIRE
    Apr 16 2025
    We’re coming off one of the wildest weeks in stock market history. How are retirees reacting to these massive swings? How should you adjust your FIRE portfolio in case there are even more turbulent times ahead? We’re chatting with someone who’s in the loop! Welcome back to the BiggerPockets Money podcast! Today, Emma von Weise, certified financial planner (CFP), returns to the show to give her perspective on the recent stock market volatility. She’ll share what her clients are doing and the course of action she recommends for those who are worried about their nest egg crumbling. Times like these prove you need an investment plan. If you don’t already have one, Emma will show you how to create it. You’ll also learn how a few years of cash distributions can help you protect your investments and keep you from selling stocks at a loss. Are bonds actually a “safe haven” for investors? We’ll make sense of rising yields and, finally, share a tax strategy YOU can take advantage of during a stock market slide to trim your taxable income! In This Episode We Cover How to adjust your FIRE portfolio after recent stock market volatility How cash distributions protect retirees from selling stocks low in a downturn Why you need to create an investment plan today (if you don’t have one!) How to balance “growth” and “safety” in your investment portfolio Why bond yields have spiked after a huge sell-off (and whether you should buy) Offsetting capital gains from stocks through tax-loss harvesting 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: Mindy@biggerpockets.com Email Scott: Scott@biggerpockets.com BiggerPockets Money Facebook Group Follow BiggerPockets Money on Instagram “Like” BiggerPockets Money on Facebook Subscribe to the BiggerPockets Money YouTube Channel! Get $100 Off Your Ticket to BPCon2025 BiggerPockets Money 120 - Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces “A Guided Meditation for When the Stock Market Is Dropping” Emma’s LinkedIn Fine-Tune Your FIRE Portfolio with “Set for Life” Sign Up for the BiggerPockets Money Newsletter Find an Investor-Friendly Agent in Your Area BiggerPockets Money 120 - Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces Connect with Carl Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-631 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    36 mins
  • Early Retirement “Traps” That Delayed My FIRE by a Decade

    Early Retirement “Traps” That Delayed My FIRE by a Decade
    Apr 15 2025
    Early retirement in your 50s is a dream for most Americans, but today’s guest is sharing how she could have retired in her 40s, a decade earlier, if she had avoided these FIRE “traps.” Yes, it IS possible to FIRE in your 40s even with much of your money in retirement accounts. “But I thought you couldn’t take out that money until you’re 59.5?” That’s where you’re wrong, and today, Diana Hummel is showing YOU how to withdraw from your retirement accounts even earlier. In her mid-30s, Diana had a huge wake-up call. Her parents, who had just retired, suddenly passed away. This lit a flame that would eventually ignite a full FIRE under Diana to live life on her terms well before the standard retirement age. She and her husband saved diligently, invested heavily, and were able to quit their jobs at 45, starting two businesses, one of which broke even while the other turned a profit. The problem? Diana most likely had enough money to retire once she quit her W2, but she didn’t realize she could FIRE so early. Thanks to Roth conversions, 72(t) strategies, and smart tax planning, Diana is fully retired and ready to teach you how to FIRE faster! In This Episode We Cover How to withdraw from retirement accounts early and FIRE in your 40s or 50s The 72(t) strategy explained and using your 401(k) to retire early (seriously!) Early retirement healthcare and how Diana is covering it with pre-existing conditions Retiring during a stock market crash and how new retirees can handle 2025’s bumpy market The biggest FIRE regret Diana has and a lesson you should learn before you retire (early) And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-630 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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    44 mins
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