Ever wondered how financial experts ACTUALLY manage their own money? Mindy Jensen opens her real financial accounts LIVE on this episode!
In this groundbreaking BiggerPockets Money podcast episode, hosts Mindy Jensen and Scott Trench deliver unprecedented financial transparency. Mindy tracks her personal net worth and finances in real-time using Monarch Money, giving you an authentic behind-the-scenes look at how a financial expert truly manages her money.
This Episode Covers:
Live demonstration of actual account connections
Mindy's real spending patterns and financial habits
Advanced Monarch Money features most people miss
How to automate your entire financial tracking system
Why regular financial reviews change everything
Exclusive listener discount for Monarch Money (Get 50% off your 1st Year with the Promo Code POCKETS)
Whether you're drowning in financial chaos or ready to level up your money management game, this episode shows you exactly how to centralize and streamline your finances like a true professional.
00:39 Why We Love Monarch Money
01:50 Tracking Your Net Worth
06:29 Setting Up Your Monarch Money Account
16:39 Budgeting How To
22:06 Tracking Spending
25:05 Total Net Worth
27:48 Setting Up Monarch Money
35:11 Sign up for Monarch Money Today!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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The Secret to Retiring Early AND Spending More Money
Retire earlier. Spend more. Live better. For most people, these sound like mutually exclusive goals—you can pick one, maybe two, but certainly not all three. Financial planner Aubrey Williams is here to prove that conventional wisdom wrong.
Joining BiggerPockets Money hosts Mindy Jensen and Scott Trench, Aubrey introduces his revolutionary guardrails strategy that completely flips traditional retirement advice on its head. Instead of the rigid, fear-based approach that dominates most retirement planning, Aubrey's method shows you exactly how to create flexible spending rules that respond to real market conditions.
This isn't just another investment strategy—it's a complete mindset shift. Aubrey walks through the psychological barriers that keep retirees from actually enjoying their money, then provides the practical tools and historical evidence you need to overcome them. Get ready for a masterclass in turning retirement anxiety into genuine retirement confidence, backed by decades of market data and real-world application.
00:00 Rethinking Early Retirement
01:24 Adjusting Spending in Retirement
02:30 Myths of Financial Independence
04:48 Tools for Decumulation
11:18 Guardrails for Safe Withdrawal
24:23 The Risks of Underspending
29:15 Introducing Risk-Based Guardrails
29:27 Building a Sample Portfolio
30:16 Adjusting Spending Based on Portfolio Performance
32:07 Historical Analysis and Guardrails
54:41 Connect with Aubrey!
Learn more about your ad choices. Visit megaphone.fm/adchoices
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From $90K in Debt to Coast FIRE at 45
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 guest is proof that FIRE is never too far out of reach—even when life throws you a curveball that leaves you with $90,000 in debt!
Welcome back to the "BiggerPockets Money" podcast! Aubrey Williams thought his financial world was crumbling when his divorce was finalized, leaving him staring down $90,000 in debt. Most would assume this spells doom for financial independence, but Aubrey knew he could dig his way out by increasing his income, cutting costs, and staying laser-focused on his goals.
In just eight years, he snowballed out of debt and toward his long-term goal—achieving financial independence at 45. Now that he's turned his financial ship around, he's focused on building wealth for the future. Tune in to learn how he transformed his finances into a comeback story, why he refuses to let setbacks define his dreams, and what his path to FIRE looks like after starting over!
01:05 FI After 90k in Debt
04:32 How to Fast Track FI
05:51 The Path to Savings
14:21 Financial Pillars
19:47 Career Shifts During FI
32:45 The Value of Financial Planning
42:39 Entrepreneurial Journey and Lessons Learned
47:16 Connect with Aubrey
Learn more about your ad choices. Visit megaphone.fm/adchoices
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The Case for Picking Stocks w/ Co-Founder of The Motley Fool
Do you think you can't beat the market? David Gardner, co-founder of The Motley Fool, joins the BiggerPockets Money podcast to shatter this limiting belief and reveal why stock picking can supercharge your wealth-building strategy alongside index fund investing.
Despite conventional wisdom warning against individual stock selection, Gardner exposes his proven approach to identifying winning stocks early and holding for long-term gains. This isn't about day trading - it's about building lasting wealth through strategic stock analysis and smart diversification.
This Episode Covers:
Why index funds alone may not be enough for maximum wealth building
David Gardner's legendary stock picking strategy from 30 years at The Motley Fool
How to identify undervalued companies before Wall Street catches on
The 'Sleep Number' concept for managing portfolio risk and peace of mind
Balancing individual stocks with index fund investing for optimal returns
Long-term holding strategies vs. market timing and day trading
Portfolio diversification techniques that actually work
Whether you're a beginner investor or looking to refine your strategy, Gardner provides actionable insights on building real wealth through a combination of stock picking and index fund investing. Discover how to transform your investment approach and achieve financial independence faster.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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How to Go From Broke at 50 to Retired at 60!
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 of the BiggerPockets Money podcast just for you. Today, Mindy and Scott are joined by experts Jackie Cummings Koski and Bill Yount from Catching Up to FI to teach 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, focusing specifically on Barb - a recently divorced stay-at-home mom reentering the workforce with a zero-dollar net worth. Her situation represents millions of people who find themselves starting over financially in their fifties, whether due to divorce, job loss, or simply never having started saving for retirement.
This Episode Covers:
How to maximize earning potential when reentering the workforce after years away
Emergency fund strategies when you're starting from scratch (and why it's different in your 50s)
The exact investment prioritization order for late-starter retirement savers
How to catch up on retirement savings using IRS catch-up contribution rules
Debt elimination strategies that won't derail your retirement timeline
Creative ways to reduce expenses without sacrificing quality of life
The psychology of starting over financially and maintaining motivation
And SO much more!
00:00 Introduction: Overcoming Financial Challenges at 50
05:44 Understanding the Emotional and Financial Starting Point
12:33 Setting Clear Financial Goals
14:33 Tracking and Measuring Finances
18:29 The Math Behind Early Retirement
20:03 Building the First $25,000
25:34 Side Hustles and Income Strategies
31:54 Downsizing and Financial Adjustments
39:02 House Hacking Strategy
50:17 Investment Strategies for Late Starters
01:04:11 Connect with Jackie & Bill
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For those who have money… or want more of it!
Join Mindy Jensen and Scott Trench (from BiggerPocketsMoney.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.
New Zealand