Episodes

  • Wall Street Pro Reveals Why He Ditched Trading for Index Funds

    Wall Street Pro Reveals Why He Ditched Trading for Index Funds
    Jun 27 2025
    In this episode of the BiggerPockets Money podcast, Mindy and Scott speak with Victor Haghani, a seasoned financial expert whose journey from Wall Street titan to FIRE advocate will transform how you think about wealth building. Victor's path from Salomon Brothers and Long-Term Capital Management to founding Elm Wealth reveals the shocking truth: the complex strategies that made millions on Wall Street pale in comparison to simple index fund investing for achieving financial independence. What We Discuss: Why Victor's billion-dollar trading experience led him to index funds The age-based asset allocation strategy that adapts as you approach FI The psychological traps that derail FIRE journeys (even for Wall Street pros) Practical portfolio management for the path to financial independence And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    42 mins
  • How to FIRE Without Investing in Real Estate

    How to FIRE Without Investing in Real Estate
    Jun 24 2025
    You're eager to build serious wealth, but the idea of managing tenants, fixing toilets, handling trash issues, and dealing with the endless headaches that come with real estate investing makes you cringe. Even though we're the world's largest platform for real estate investors, we totally understand that the landlord life isn't suited for everyone. The great news? Real estate is definitely not your only ticket to wealth. There are five other proven methods to accumulate serious money that won't have you answering frantic tenant calls at 2 A.M. On today's episode of the BiggerPockets Money podcast, Mindy and Scott team up to reveal the five most effective wealth-building strategies that don't require purchasing a single rental property. These approaches are accessible to virtually anyone, regardless of your current salary or existing savings account balance. Some of these strategies are extremely passive, needing only a few minutes monthly to kickstart your wealth accumulation, while others have the potential to dramatically boost your earnings but demand considerably more active participation. In this episode, you'll learn: The five ways to get rich WITHOUT investing in real estate The four “levers” of wealth you can pull to level up your financial lifestyle “Boring” businesses and HUGE investment opportunities for those in their 20s, 30s, or 40s Job hopping and why you could be underpaid and overworked at your current role The investment accounts that can expedite your path to becoming a millionaire The super passive investment anyone can use to build massive wealth in the background And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    35 mins
  • Is Your FIRE Strategy Wrong? The Middle Class Trap Debate with Brad Barrett

    Is Your FIRE Strategy Wrong? The Middle Class Trap Debate with Brad Barrett
    Jun 20 2025
    Buying a house, maxing out your 401(k), and leveraging real estate are considered the gold standard for building wealth, but what if these strategies are actually sabotaging your early retirement? Today, we're diving into the controversial "middle-class trap" debate with Brad Barrett from the ChooseFI podcast! Welcome back to the BiggerPockets Money podcast! Is your net worth locked up in home equity and retirement accounts you can't access? Brad, Mindy, and Scott are having a friendly but fierce debate about whether this middle-class trap is real or just financial fear-mongering, breaking down strategies to avoid it and revealing the ideal portfolio for early retirees. In this episode, you'll learn: If the Middle Class Trap is real or not! The difference between your Net Worth vs. FI Number The Psychological Barriers to Financial Freedom And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr
  • The Proven Path to Financial Independence in Your 40s

    The Proven Path to Financial Independence in Your 40s
    Jun 17 2025
    On this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with Dave Fleischer, a teacher who's proving that you don't need a six-figure salary to achieve financial independence. If you've ever felt discouraged because your FI number seems impossibly high or your current salary feels too small to build real wealth, this episode will completely shift your perspective by showing that financial independence isn't about how much you make, but how strategically you manage what you have. Whether you're a teacher, earn a median income, or simply want to see how creative financial planning can accelerate your journey to freedom, you'll discover actionable strategies that work regardless of your income level and prove that YOU can follow this simple path to achieve financial freedom too. In this episode, you'll learn: How Dave and his wife became net worth millionaires at 39 years old. Can one move change your life? Living below your means is key to building wealth. If you can downsize your lifestyle, it is a cheat code. And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 5 mins
  • How to Access Retirement Funds Early Using the 72(t) Strategy

    How to Access Retirement Funds Early Using the 72(t) Strategy
    Jun 13 2025
    On this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with John Bowens from Equity Trust. John is an expert on the often-overlooked 72(t)t rule that could be a game-changer for early retirees. This often misunderstood withdrawal strategy allows people under 59.5 to tap into their retirement accounts without facing the brutal 10% early withdrawal penalty that typically guards these funds. John breaks down the complex world of Substantially Equal Periodic Payments (SEPP), walking listeners through the different calculation methods, critical liquidity considerations, and smart investment strategies that can make or break a 72T IRA approach. In this episode, you'll learn: How to access retirement funds early with the often overlooked 72(t) rule Avoiding 401(k) penalties and using retirement accounts to actually retire early The rules and regulations you MUST follow to withdraw penalty-free And SO Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr and 6 mins
  • Money with Katie: Breaking Free from the Middle-Class Money Trap

    Money with Katie: Breaking Free from the Middle-Class Money Trap
    Jun 10 2025
    Katie Gatti Tassin from "Money with Katie" escaped the middle-class wealth trap of endless working and spending by having her "financial awakening" early. Through just a few years of self-education she more than doubled her income, built a profitable business, and mastered retirement investing and passive income strategies. She's documented all of these wealth-building strategies in her new book "Rich Girl Nation: Taking Charge of Our Financial Futures," which you can pre-order today. You'll learn the exact mindset shifts and actionable steps that transformed Katie's financial life and how you can replicate her success to break free from the cash-gobbling cycle and skyrocket your own net worth. In this episode, you'll learn: The “financial awakening” that’ll have you saving more and spending less Tracking spending in real-time is crucial for financial awareness. Financial “truths” that could destroy your wealth if you follow them Earning more money requires smart strategies, not just hard work. And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    1 hr
  • 4% Rule Creator Bill Bengen Reveals His NEW 5% Retirement Strategy

    4% Rule Creator Bill Bengen Reveals His NEW 5% Retirement Strategy
    Jun 6 2025
    The 4% rule just got a major update! Bill Bengen, the creator of the famous 4% withdrawal rule, returns to share his latest research that's changing retirement planning forever. Welcome back to the BiggerPockets Money podcast! Discover why he's now recommending a 4.7% withdrawal rate and what this means for YOUR retirement strategy. In this episode, you'll learn: Why Bill Bengen updated his iconic 4% rule after decades of research The psychology behind why retirees struggle to actually spend their money How market conditions should influence your withdrawal strategy The role real estate plays in a well-diversified retirement portfolio Active vs. passive management strategies for retirees How younger retirees should approach their investment timeline differently Why protecting your principal matters more than maximizing returns The importance of controlling expenses and finding purpose beyond money And SO Much More! Whether you're planning for retirement or already retired, this conversation will reshape how you think about withdrawal rates, portfolio management, and creating a sustainable financial future. Learn more about your ad choices. Visit megaphone.fm/adchoices
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    54 mins
  • The Ultimate Guide to Asset Protection: LLCs, Insurance & Partnerships

    The Ultimate Guide to Asset Protection: LLCs, Insurance & Partnerships
    Jun 3 2025
    Do you really need an LLC for rentals? What kind of insurance should you get? With so many questions (and confusion) surrounding asset protection for real estate investors, we’ve brought on an expert to set the record straight so you can protect your assets—without going overboard or breaking the bank! Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with real estate attorney and fellow investor Bonnie Galam about the nuances of asset protection. The truth is that there are two sides to this coin, but most investors only focus on the defensive or “reactive” side. Bonnie will show you the keys to 360-degree protection—like setting up strong legal structures before problems arise and the essential documentation you should have from day one. You’ll also learn about the potential pitfalls of equity partnerships, how personal events can put your properties at risk, and why car insurance and prenups matter more for your portfolio than you might think. Asset protection doesn’t have to be complicated, but it does need to be strategic, and this episode will help you prioritize what’s important now, what can wait, and how to create a legal framework that evolves as your real estate portfolio grows! In This Episode We Cover: Two sides of asset protection to focus on when starting a real estate business Three actionable steps new investors can take to protect their assets today Why you need to create an estate plan (even if you don’t have rentals yet!) How much you should expect to pay for different types of legal protection Debt versus equity partnerships (and why one is better for asset protection) And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices
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    55 mins