BiggerPockets Money Podcast

Mindy Tracks Her Net Worth Live w/ Monarch Money

41 snips
Sep 2, 2025
Witness firsthand how a financial expert like Mindy Jensen tracks her net worth live using Monarch Money. Discover practical budgeting strategies and the importance of regular financial reviews. The hosts reveal advanced features of the Monarch app that many users overlook. Tune in for a step-by-step account setup guide, and learn how to automate your financial tracking. They also discuss the balance between monitoring finances without anxiety and share humorous insights on spending patterns—making finance management both effective and fun!
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INSIGHT

Knowing Where Your Money Goes

  • Checking where your money goes is often the biggest obstacle to FI, not income or expenses.
  • Monarch centralizes accounts so you can accurately keep score and make informed decisions.
ADVICE

Automate Your Financial Tracking

  • Automate tracking instead of manual spreadsheets to capture frequent small transactions and market moves.
  • Check net worth on a cadence that fits you so you can keep score and make adjustments.
ADVICE

Check With A Purpose

  • Check net worth frequently if you plan to act, but avoid obsessive checking without a plan.
  • Only monitor numbers you can influence or have a hypothesis to change.
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