BiggerPockets Money Podcast

471: The Secret to Saving More, Spending Less, and a Perfect Credit Score

Nov 21, 2023

Financial expert and author Tiffany Aliche shares her ten steps to go from broke to building a financial legacy. Topics include budgeting, saving money without noticing, getting out of debt, improving credit scores, and automating finances. A helpful workbook is recommended for starting the journey to financial freedom.

48:44

Episode guests

Tiffany Aliche

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Quick takeaways

Financial freedom is attainable for everyone, and budgeting should be seen as a tool to say yes to your financial goals.

Addressing emotional debt first can alleviate distress and empower progress in your financial journey.

Increase your net worth by focusing on what you own and reducing debts, while also investing for retirement and wealth-building.

Deep dives

Managing Finances with Tiffany O'Veejay

Tiffany O'Veejay, the budget niecesa, discusses financial wholeness and how to achieve it. She emphasizes that financial freedom is attainable for everyone and provides practical tips and strategies to reach financial goals. She highlights the importance of budgeting and reframing it as a way to say yes to your financial goals. O'Veejay also talks about investing for retirement and wealth building, offering insights into different investment vehicles and approaches. She encourages readers to increase their net worth by focusing on what they own and decreasing what they owe. Throughout the episode, O'Veejay reassures listeners that their financial situation does not define their worth as a person, and provides a step-by-step approach to improve their overall financial well-being.

The snowball and avalanche methods for paying off debt

01:04

Introduction

2min

Interview with a Financial Educator

5min

Creating 'Get Good With Money' and 'Made Whole'

12min

Automating Your Money and Setting Up Automations

5min

Strategies for Paying Off Debt

25min

Promoting Content and Boot Camps for Pro Annual Members

2min

Building wealth, saving money, getting rich—it’s much more straightforward than most people think. You don’t need to be a financial expert or millionaire to know what you should do with your money. But if you’ve found yourself in a spot where saving and investing just isn’t happening or you want to build wealth but don’t know where to start, we’ve got the perfect guest for you!

Tiffany Aliche, AKA “The Budgetnista,” is on track to help more than 300,000 people start their journey to financial freedom with her Live Richer Challenge, following the same steps she took to get out of over $30,000 in credit card debt, fix her trashed credit score, and save and invest her way to serious wealth. In today’s show, Tiffany will talk about the ten steps you can take to go from money mayhem to net worth nirvana so you can build generational wealth, achieve financial freedom, and leave a legacy for your family.

If you liked today’s episode, grab a copy of Tiffany’s Made Whole financial workbook that’ll help you get good with money no matter where you’re starting!

In This Episode We Cover

The ten steps that’ll take you from broke to building a financial legacy

Why you’re budgeting all wrong and the right way to make sure you’re not overspending

The EASIEST way to save money every month that will grow your bank account without you even noticing it

The different methods to get out of debt and which one makes most the sense for your situation

How to take your credit score from the 500s to the 800s with some super simple hacks

The one thing you can do right now to start building your retirement nest egg

And So Much More!

Links from the Show

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BiggerPockets Forums

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