Afleveringen
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Fear that early retirement is out of the question because you have too much debt? It’s not game over. Whether you’re debt-free or still chipping away at your student loans, today’s guests are proof that FIRE is never too far out of reach—even if you’ve got half a million dollars in debt!
Welcome back to the BiggerPockets Money podcast! Amirra and Mazi Condelee’s first date was an all-timer. While many consider personal finance a taboo topic, they cut right to the money talk—specifically, debt. And it was a good thing they did because they’ve racked up a combined $500,000 in student debt. Most would assume this spells doom for financial independence, but Amirra and Mazi knew they could pay it off by increasing their income, cutting costs, and staying disciplined.
In just five years, they’ve snowballed out of student loan debt and toward their long-term goal—retiring in their 50s. Now that this power couple is nearly debt-free, they’re focused on saving for retirement. Tune in to learn what they still need to do to reach their (high) FIRE number, why they refuse to downsize their dreams, and how they plan to spend their retirement!
In This Episode We Cover
How Amirra and Mazi crushed $500,000 in student loan debt in just five years
Best practices for paying off debt and fast-tracking financial independence
How to determine whether your FIRE number is too high (or low!)
The money conversations you and your partner NEED to have
How to “travel hack” your way to FREE vacations (without spending more)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-634
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Wealth and health are closely intertwined, especially here in the US, where the high cost of healthcare can put significant financial pressure on families. But is there a remedy to these exorbitant expenses that Americans are missing? Stay tuned and we’ll show you how to negotiate your medical bills—even if you’ve reached FIRE!
Welcome back to the BiggerPockets Money podcast! Unpredictable healthcare costs keep many would-be retirees tethered to their nine-to-five jobs, but today’s guest has a solution. Jared Walker founded Dollar For, a nonprofit organization that has helped erase over $83 million in medical costs for everyday Americans. How? The Affordable Care Act (ACA) requires many healthcare providers to offer a program that discounts costs for patients, so Jared and his team simply use it to negotiate people’s medical bills on their behalf.
High healthcare costs affect everyone, whether you’re facing hardship, trying to reach financial independence, or already retired. In this episode, Jared will share tips anyone can use to minimize their healthcare costs and negotiate their own medical bills!
In This Episode We Cover
How to negotiate and lower your medical bills (even if you’re retired)
Saving thousands on healthcare with this Affordable Care Act (ACA) program
How to use cash payments as leverage when negotiating medical debt
The healthcare “hack” that helps you spot erroneous or exorbitant charges
The two best ways to proactively minimize healthcare costs
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-633
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Zijn er afleveringen die ontbreken?
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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
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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
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Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-631
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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
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Is it possible to reach FIRE by 45, even on a teacher’s salary or an average income? Today’s guest is proving that, yes, you can retire early, regardless of your paycheck. It may be a little harder than it is for high-income earners, but with frugality, discipline, and smart investments, regular people can achieve FIRE!
Welcome back to the BiggerPockets Money podcast! At just 31 years old, Kat has been diligently maxing out her retirement accounts, saving a ton of cash, and making enormous strides towards retiring by age 45. Most would say this is a long shot for someone with a teacher’s salary, but thanks to a high savings rate and savvy financial decisions, Kat is right on track to reach her lofty goal. The real question is, should she?
Kat will need to grind for the next 15 years to retire on her original timeline. Is it worth taking an extra couple of years to reach financial independence if it prevents burnout? In this episode, Mindy and Amberly will break down Kat’s options, help her avoid the dreaded middle-class trap, and give her a roadmap for achieving FIRE quickly while also enjoying the journey!
In This Episode We Cover
Kat’s roadmap to FIRE by age 45 (on a teacher’s salary!)
Why you DON’T need to be a high income earner to retire early
When to stop contributing to retirement accounts and pivot to other investments
Giving yourself financial flexibility by saving cash (and how to deploy it)
When you should (and shouldn’t) pay off your mortgage early
Why it’s worth taking extra time to enjoy the journey to financial independence
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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The Simple Path to Wealth
The Fioneers Coast FI Calculator
FIRE Faster with the Book, “Set for Life”
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Find an Investor-Friendly Agent in Your Area
BiggerPockets Money 259 - Pensions 101: Are Pensions Worth It? w/ Grumpus Maximus
Connect with Amberly
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-629
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Tariffs are now on PAUSE! And just like that, the stock market is flying back up again. Is this a signal for us all to breathe a sigh of relief, or is more market volatility coming our way? It’s been a wild week so far, and it’s only Thursday! Just yesterday, President Trump paused new reciprocal tariffs on dozens of countries, with markets slingshotting back up as a response. So, are we doing anything different with our investments now that things are slightly more stable?
We’ve got Amberly, Mindy, and Scott (with a mustache!) on the show to discuss how these new tariff pauses have affected their investments, portfolio, and FIRE investing plans. Amberly, our Canadian of the group, brings a valuable view as someone who is directly seeing how US tariffs impacted her country. Will America remain the economic superpower we’ve long been, or will tariffed countries quickly form new alliances? Is that good for YOUR future investments?
What about interest rates? With more theories that President Trump is making these moves to lower rates, could your next mortgage get more affordable? Or, will lower rates plus tariffs trigger serious inflation—or potentially even deflation? This news brings a lot of “what ifs,” and if you’re confused, fret not; we’ll explain it in this bonus episode.
In This Episode We Cover
The new tariff pause and why markets sprung up (massively!) on Wednesday
How we’re investing (right now) during all this stock market hysteria
The long-term trade risks that affect all Americans after these recent tariff proposals
Will interest rates fall with this much volatility; could a new Fed chair force lower rates?
One major flaw with the “manufacturing boost” theory that comes with new tariffs
Incoming inflation AND deflation risks as prices rise but American budgets shrink
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-628
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The path to FIRE (financial independence, retire early) isn’t easy. You’re working a lot, saving a lot, all while seeing many of your friends out traveling, buying new cars and bigger homes, leaving you feeling isolated on the path to early retirement. But it doesn’t have to be that way. There are FIRE freaks, just like you, all over the country, and before you quit the path to FIRE and start spending to impress your friends, we have a crucial piece of advice: find your FIRE community!
Mindy and Carl just came back from the EconoMe Conference, a three-day celebration of those chasing financial independence and early retirement, where you can meet new FI friends and rediscover why you’re after FIRE in the first place. But you DON’T have to wait until next year to go to a FIRE event; we’re sharing exactly how to find your FIRE tribe today.
Attending these events was one of the—if not THE—single most impactful parts of Mindy and Carl’s journey to early retirement as they often unlock new FIRE strategies you didn’t know were possible, allow you to grind side-by-side with FIRE-minded people just like you, and give you a sense of strong community that’s behind you EVERY step of the way, even during life after FIRE!
Do NOT skip out on this, or you could risk your FIRE!
In This Episode We Cover
The #1 way to stay motivated while on the path to financial freedom
The best big and small FIRE events to attend this year and next
What to do if you’re introverted and struggle at live events with many people
How to find your local FI meetup so you can make new FI friends
Want to meet Mindy and Carl in person? We’re sharing how you can!
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-627
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There’s no arguing that real estate and stocks are the two most proven ways to build wealth, but which one comes out on top in a race to FIRE? Stay tuned as we put these investment vehicles to the test and show you the fastest path to early retirement!
Welcome back to the BiggerPockets Money podcast! Today, Mindy and guest co-host Amberly Grant are pitting real estate investing and stock investing against each other to determine which of these popular investments is most FIRE-friendly. The best part? They don’t exactly agree! First, Amberly will defend the position of real estate investing. From house hacking and live-in flips to out-of-state investing, there are several strategies you can use to create monthly cash flow, build wealth through appreciation, and save a fortune on taxes!
Meanwhile, Mindy will defend her time-tested stock investing strategy. Along the way, she’ll share the many advantages of passive investing, compare 60/40 and 90/10 stock-to-bond investment portfolios, and show you the ideal portfolio mix for those who plan to retire on the 4% rule. YOU decide which of our financially independent hosts has the strongest case!
In This Episode We Cover
Real estate versus stocks (and which will help you FIRE faster)
How YOU can “live for free” with the house hacking strategy
Saving hundreds of thousands in taxes with the live-in flip strategy
How to turn your rental properties passive by investing out of state
The perfect stock portfolio allocation for retiring on the 4% rule
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-626
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You may not make six figures, but you want to achieve FIRE and retire early. You might be struggling to get by, let alone saving and investing to hit your FIRE number. If it seems impossible, you should take a page from Bryce Stewart’s book. He was a sixth-grade school teacher, making $44,000/year, underwater on his condo purchase, worrying about the bills with one baby and another one on the way. A decade later, he was retired, with more passive income than he could spend. Today, we’re sharing how he did it.
Your income is NOT the limiting factor to you achieving FIRE, no matter how much it seems that way. Bryce took a slow and sacrifice-heavy path to early retirement and now makes more than 300% of the combined income of his and his wife’s teacher salaries. He was frugal without a doubt, but focusing on income-generating opportunities is what really slingshotted his net worth, passive income, and FIRE timeline.
So, what money move should you make RIGHT now to turn your median salary into investments that pay you passive income every month? What sacrifices should you be making to put your family in a FIRE financial position? What was the one purchase that launched Bryce’s path to FIRE? Whether you’re making under, over, or around six figures, you can retire earlier by taking Bryce’s advice.
In This Episode We Cover
The one investment Bryce made that helped him get to FIRE in 10 years
Building multiple income streams so you’re NOT reliant on your job
Why house hacking (living for free) is the ULTIMATE FIRE super-charger
Investments to make with a low/median income that will get you to FIRE faster
The #1 reason you should NOT tell your partner about your FIRE dreams…yet
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-625
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Would you delay your early retirement for years to feel safer and secure once you FIRE? That’s what Mark Trautman did, FIRE-ing before discovering the FIRE movement was even a thing. While he could have retired in his 40s, Mark pushed his retirement date to 50, retiring with a conservative withdrawal schedule that even beats the 4% rule. But, thanks to being invested throughout his retirement, Mark has blown past even his Fat FIRE dreams, spending what he wants, when he wants, without a worry!
But it wasn’t the money that made Mark thankful for FIRE. Mark was able to be right next to his wife and even his father during their last days, being fully dedicated to them and not worrying about a job or paycheck he had to go after. This is the TRUE point of FIRE, and living like Mark could have the same powerful impact on you.
Speaking of paychecks, Mark’s “FI paychecks” are fueling his retirement, so much so that he barely (if ever) needs to withdraw from his retirement portfolio. How is this completely passive cash flow funding his life? Copy Mark’s strategy, and you could be Fat FIRE by 50, too!
In This Episode We Cover
The “FI paychecks” you should set up once you’re near early retirement
Why FIRE is about MORE than money; it’s about time with the ones you love
Mark’s “Fun Bucket” for worry-free spending on life-changing experiences
Why delaying your early retirement could help you FIRE without money anxiety
The one inflation/market downturn hedge Mark uses that provides him with passive income
Early retirement healthcare and how Mark pays for health insurance without employment
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
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How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters
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How to Plan for Early Retirement NOW! | Life After FIRE w/Justin Peters
(00:00) Intro
(00:53) FIRE at 50!
(04:37) Scared to Withdraw for Retirement?
(07:59) Super Conservative FI Strategy
(12:34) The FI "Paycheck"
(13:25) Spending in Early Retirement
(15:14) Time Freedom to Care For His Wife
(21:42) The "Fun" Bucket
(25:24) Market Corrections Are GOOD!
(29:41) Add Treasuries to Your FIRE Portfolio?
(32:09) FIRE Healthcare
(34:46) The FIRE Lifestyle
(37:52) Connect with Mark!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-624
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Julie Rose “semi-retired” at just 36 years old with only $500K, trading her corporate job for sunrise safaris in Africa, beach walks in Bali, and mid-day hikes in Mexico.
With “Barista FIRE,” you can retire with a lower FIRE number, still work (minimally) doing what you love, and have almost complete time freedom over your life. Why have FIRE when you can “semi-retire” decades earlier? Plus, your retirement nest egg will be growing in the background, all while you do what you want, when you want, with who you want. Sounds like a dream life, right? Well, you’re not far from it already!
After barely scraping by (even with a good job), Julie knew something needed to change, but she wasn’t ready for it. It wasn’t until she got laid off multiple times that she realized it was time to put her financial future in her own hands. This led her down the FIRE movement rabbit hole, getting almost addicted to saving and investing, and finding herself in a position to quit her job and do what she really loves: travel and get PAID to plan trips for others.
Now, she’s Barista FIRE (FIRE with the help of a side hustle), living nomadically for a fraction of the cost of a basic life in the United States!
In This Episode We Cover
“Barista FIRE” and the faster way to semi-retire early with a lower FIRE number
Why consumerism WON’T fulfill you, but it will make you broke
Using side hustles to supercharge your savings rate and investing goals
Building your Barista FIRE income stream BEFORE you quit your job
Early retirement healthcare and how Julie pays just $40/month for coverage
Living your best life abroad for a fraction of the cost of living in the States
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-623
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The stock market is shifting, and your portfolio needs to change NOW if you want to reach or stay FIRE (financial independence, retire early). Many early retirees are sitting anxiously, watching their net worth fall by 10% (or more), making each withdrawal from their portfolio increasingly risky. If you’re close to financial independence or are retired early already, you CANNOT risk losing the gains you’ve worked so hard for. This is what we’re doing NOW to keep our FIRE portfolios crash-resistant.
Last month, Scott talked about his big decision to sell off a chunk of his index fund portfolio in fears of overvalued stock prices. What followed? A significant stock sell-off, with some major indexes falling 10% already. Scott urges those close to FIRE to “lock in” their gains and avoid unnecessary risks to push their FIRE numbers higher.
So, what did Scott move his money into, and should you do the same? Should you switch to bonds for a safer but lower-return correction hedge? What happens if this stock downturn lasts years? Should someone in their 20s or 30s, just starting on the FIRE path, stop investing or double down? We’re answering all of your burning FIRE questions today!
In This Episode We Cover
Why Amy uses a financial advisor to help manage her money in retirement
Amy’s journey to financial independence, losing her husband, and retiring early
Assets under management (AUM) versus fee-only advisors (and which one to hire!)
How to reach your FIRE number sooner through “experimental deprivation”
Why you need to have regular money check-ins with your significant other
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
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Save $100 on Real Estate’s Biggest Event of the Year, BPCON2025
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BiggerPockets Real Estate 1,095 - Scott Trench: How I’m Protecting My Money From “Irrational Exuberance”
(00:00) Stock Market Update
(06:44) Close to FIRE? Do This
(14:41) Fix Your FIRE Portfolio
(17:20) Lock-In Your FIRE!
(19:02) Scott’s 2025 FIRE Portfolio
(21:30) Already Retired/FIRE?
(23:46) What About Taxes?
(28:49) What if This Crash Lasts?
(35:00) Start Shifting Toward Retirement
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-622
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Could hiring a financial advisor help you reach financial independence and retire early? This isn’t a popular move in the FIRE community, but it gave today’s guest peace of mind, preserved her wealth, and helped her save on taxes in retirement. Stick around to learn if it’s the right choice for you, too!
Welcome to another episode of “Life After FIRE”! Today, we’re chatting with Amy, who was dealt a set of circumstances that altered her life and retirement plans. Amy and her late husband, Phil, arrived at their FIRE number in 2020. Just as they were preparing for early retirement, Phil tragically passed, and Amy was left to not only navigate a new normal but also take control of her finances. Still reeling from the loss of her husband, Amy hired a financial advisor, which turned out to be one of the best decisions she ever made.
In this episode, Amy shares how she used money check-ins and a year of “experimental deprivation” to speed up her path to retirement. She also discusses the pros and cons of using financial advisors, the differences between the assets-under-management and fee-only models, and how to properly vet an advisor to ensure you’re getting your money’s worth!
In This Episode We Cover
Why Amy uses a financial advisor to help manage her money in retirement
Amy’s journey to financial independence, losing her husband, and retiring early
Assets under management (AUM) versus fee-only advisors (and which one to hire!)
How to reach your FIRE number sooner through “experimental deprivation”
Why you need to have regular money check-ins with your significant other
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-621
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Are we headed right for a recession, or are stocks on sale? We don’t own a crystal ball, but Ricky Mulvey from The Motley Fool is capitalizing on the recent stock market swing by loading up on some of his favorite equities. Stay tuned to find out if now is an ideal time for YOU to “stock up,” too!
Welcome back to the BiggerPockets Money podcast! In light of the recent market pullback, Ricky is going to share why he thinks it’s the right time to take advantage of low stock prices. He’ll discuss some of his best bargain buys, his biggest portfolio wins and losses in recent years, and, most importantly, the four-step approach you can use to identify stocks that could be set to soar in 2025.
If you’re a regular listener, you know that Scott and Mindy are partial to stashing their money in index funds, sitting back, and watching their wealth snowball over the long haul. You might say that Ricky has a slightly larger appetite for risk, as he isn’t opposed to picking stocks, timing the market, and getting out after three to five years. Stick around to find out if his strategy works!
In This Episode We Cover
Whether now is the time to buy stocks after the recent market pullback
Ricky’s four-step approach to finding value in the stock market
Using insider buying activity to find potential investing opportunities
How to prevent “tax drag” when buying and selling off stocks
Reviewing Ricky’s biggest portfolio wins and losses (Meta, Spotify, and more!)
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
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BiggerNews: Real Estate vs. Stocks, the Ultimate Wealth-Building Debate
(00:00) Intro
(01:09) The Recent Pullback
(08:53) Hunting for Value
(18:55) Portfolio Wins & Losses
(24:58) Holding Periods & “Tax Drag”
(30:18) Why Costco Is “Safe”
(33:05) How to Pick Stocks
(38:50) Connect with Ricky!
(40:45) Do Your Research!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-620
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Is the 4% rule dead? Most FIRE-chasers are using this retirement rule completely wrong, and it could cost them their financial freedom. With stock prices falling and many Americans fearing another recession, now is the time to tighten up your retirement portfolio and ensure you can survive if stock prices correct or crash. If you get this wrong, you could delay your FIRE for years or have to go back to work mid-retirement.
The 4% rule is one of the most bulletproof retirement formulas. It’s simple: Build a portfolio from which you can comfortably withdraw 4% annually. Need $40,000 per year to live? Your FIRE number is $1,000,000. Need $100,000 per year? Then you’re looking at $2,500,000. This math has been checked, double-checked, and triple-checked to withstand even the greatest economic depressions. However, most people have their portfolio set up WRONG, and it could put them at significant risk.
So, how do you ENSURE you can retire (early) with the 4% rule? What hedges should you make in your portfolio so your wealth stays afloat even as the economic tide starts to turn? What are Scott and Mindy doing now to prepare for a rocky stock market? Don’t miss this one—it could cost you your FIRE!
In This Episode We Cover
The 4% rule explained and whether it still works in 2025 and during market downturns
Why your FIRE portfolio is WRONG, and it could be at massive risk right now
How to prepare for an economic downturn to ensure you stay FIREd or on the path to FIRE
What Scott is selling and buying right now to protect his wealth (will his strategy work?)
Alternatives to the 4% rule that will protect your retirement portfolio even during the greatest of depressions
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
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BiggerPockets Real Estate 1,095 - Scott Trench: How I'm Protecting My Money From “Irrational Exuberance”
BiggerPockets Money 120 - Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces
The Rational Investor’s Case Against Bitcoin
Dow Jones - DJIA - 100 Year Historical Chart
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(00:00) Is the 4% Rule Dead?
(04:39) You CANNOT FIRE with This
(11:42) How to Prepare for Downturns
(21:12) Assets That Are At Risk
(23:17) What Scott’s Buying/Selling
(28:29) Alternatives to 4% Rule Portfolio
(34:21) Do You Trust the 4% Rule?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-619
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Think you’ve blown your chances of achieving FIRE? You haven’t! Just ask Nik Johnson, who spent years growing his nest egg, only to have it completely wiped out with one bad financial decision. Despite losing everything, he managed to rebuild it from ground zero and still retire early!
Welcome to another episode of “Life After FIRE”! Nik and his wife had done everything right. They practiced frugality, saved aggressively, and invested at every opportunity. But everything was turned on its head when Nik decided to empty his retirement accounts and open a car dealership. Within just one year, Nik’s company had gone belly up, and as a result, all the money he had worked so hard to save was gone. It seemed that he had missed his one shot at early retirement, but rather than giving up on that dream, he started over. If he could do it once, he could do it again!
So, Nik found a W2 job, picked up a second job to fast-track his savings, and started throwing all his money at retirement accounts and real estate investments, and now, he and his wife are recently retired! Stick around as Nik shows you how to avoid the middle-class trap, what life looks like after FIRE, and the importance of community once you retire!
In This Episode We Cover
How Nik built, lost, and rebuilt his investments and still achieved FIRE
Supercharging your investments by creating extra income streams
How not to find seed money for a risky entrepreneurial venture
The savvy financial moves Nik made to avoid the middle-class trap
What the average “day in the life” of an early retiree looks like
Why you need a strong community around you once you retire
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
BiggerPockets Money Facebook Group
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Everyday Money Heroes Podcast
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Buying at the Peak, Surviving a Crash, and STILL Being Able to Quit at 38
Connect with Carl
(00:00) Intro
(01:22) Growing His “Empire”
(08:58) Losing $150K!
(12:05) Rebuilding His Wealth
(16:48) Life After FIRE
(24:20) Nik’s Investment Portfolio
(28:34) Connect with Nik!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-618
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You’ve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely. Unknown to most FIRE-chasers, four financial “horsemen” (of the personal finance apocalypse) could steal your wealth right out from under you, without you even realizing it. What are the four horsemen, and how are we protecting our FIRE portfolios from them?
To make sure you not only become wealthy but stay wealthy, we brought Whitney Elkins-Hutten, author of Money for Tomorrow, on the show to share the best ways to keep your portfolio safe from the four horsemen. Whitney scaled her portfolio from almost nothing to life-changing wealth, and she could have lost it all if she hadn’t learned how to protect it.
Mindy and Scott tag-team to show YOU how to protect your FIRE from these four horsemen, including sharing what they’re doing right now to set themselves up for a successful (and safe) financial future. Don’t let your wealth get drained before OR during FIRE; take these tips to heart ASAP!
In This Episode We Cover
The four “horsemen” that could destroy your FIRE lifestyle and disrupt your generational wealth
How Whitney went from accidental house flipper to financially-free investor
The overlooked investing “fees” that could cost you hundreds of thousands of dollars
Why you’re (probably) paying too much money for insurance (and how to start saving)
When (and when not) to pay off debt and which balances to prioritize first
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: [email protected]
Email Scott: [email protected]
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Grab Whitney’s Book “Money for Tomorrow”
Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025
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The Points Guy’s Travel Hacking Tips to Fly for FREE in 2025
Connect with Whitney
(00:00) Intro
(06:00) "Ownership" Makes You Rich
(10:09) Aggressively Investing in Rentals
(11:52) This Could Destroy Your Wealth
(19:07) Which Debt to Pay Off
(23:14) Save Thousands on Insurance
(30:23) This Could Delay Your FIRE
(37:08) STOP Being Scared of Taxes!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-617
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Is your FI number TOO high? Whether you are ultra-conservative with your finances or want a lavish retirement lifestyle, setting a high bar could make your financial independence journey much harder…but not impossible. Today, we’ll provide a roadmap for building massive wealth!
Welcome back to the BiggerPockets Money podcast! With a six-figure income and a six-figure net worth at just 25 years old, Austin Crofoot should have no problem reaching financial independence by age 50, right? The only issue is that his FI number of $5,000,000 is much higher than most. As you’re about to hear, he’ll need to make several “bets” over the next few years, cross his fingers, and hope that at least one of them pays off in a huge way.
Like many in the FIRE community, Austin also wants to avoid the middle-class trap. Scott and Mindy will show him how to balance his retirement accounts with a mix of cash, brokerage accounts, and real estate investments—giving him the financial flexibility to pursue entrepreneurial ventures and retire on his terms. Stick around to hear how Austin can take advantage of a rebounding housing market by taking on assumable mortgages with rock-bottom interest rates!
In This Episode We Cover
The “levers” Austin needs to pull to reach his $5,000,000 FI number
The roadmap to achieving financial independence by age 50
How Austin built a six-figure net worth by just 25 years old
Building wealth by taking on assumable mortgages with low interest rates
Why the Austin, Texas housing market is poised to bounce back in 2025
Reducing your taxable income to maximize Roth IRA contributions
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-616
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The “death march to FI” isn’t for everyone. If you’re tired of climbing the corporate ladder or lacking a sense of purpose at your W2 job, it’s not too late to escape the rat race and design the life you want, just like the “Financial Tortoise,” Tae Kim, did!
In this episode of “Life After FIRE,” Tae returns to the show to discuss his move from the corporate world to a job that gives him the freedom and flexibility to travel, spend more time with his family, and actually enjoy the journey to FIRE. For years, Tae was dead set on achieving his goal of becoming a chief financial officer (CFO), but as he approached the summit, he realized just how much freedom and control he was giving up. So, he started implementing a plan to quit and pursue entrepreneurship instead!
In four years, Tae went from making $0 on YouTube to over $250,000 per year. Today, he and his wife are comfortably coast FI, traveling the world, creating personal finance content, and continuing to save for retirement where they can. Stay tuned as Tae shares how he “reinvented” himself in his late 30s and the moment he realized he had “made it” on YouTube!
In This Episode We Cover
Why Tae quit the corporate grind right before reaching his lifelong goal
Building a financial runway that allows you to pursue entrepreneurship
Crucial financial steps to take before leaving your nine-to-five job
How to start an online business that gives you financial freedom
Why it’s never too late to “reinvent” yourself and design the life YOU want
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
Tae’s YouTube
Buy the Book “The Quitter’s Manifesto”
Sign Up for the BiggerPockets Money Newsletter
Find an Investor-Friendly Agent in Your Area
How to Become a “Quiet” Millionaire and Avoid the Financial Guru Trap
Connect with Mindy
Connect with Carl
(00:00) Intro
(01:08) Tae’s Money Story
(05:57) Quitting Corporate
(10:51) “Making” It on YouTube
(18:23) Expectations vs. Reality
(24:20) Current Income & Expenses
(27:58) Design the Life You Want!
(30:49) Connect with Tae!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-615
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]
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