BiggerPockets Money Podcast

Kaaren Hall, author of "Self-Directed IRA Investing: A BiggerPockets Guide," is an expert on self-directed retirement accounts. In this discussion, she reveals how self-directed IRAs can help you break free from the middle-class trap by allowing investments in real estate and more. Kaaren shares strategies to withdraw early, maximizing the potential of your retirement funds to build wealth faster. She also delves into the benefits of alternative assets and the importance of understanding tax implications to enhance your financial journey.

Explore how the middle-class trap can keep you asset-rich yet cash-poor, delaying your dreams of early retirement. Discover strategies to convert dormant assets into cash flow and rethink traditional financial methods. Learn about the importance of a diversified investment portfolio, the value of owning paid-off rental properties, and alternatives to maximizing 401(k) contributions. This discussion also reveals how successful investors navigate their financial journey and the role of community support in achieving financial freedom.

In this conversation, Jordan Grumet, a physician and author of "Taking Stock" and "The Purpose Code," dives into the often-overlooked emotional pitfalls of chasing financial independence. He reveals how many who reach their FIRE goals find themselves unfulfilled, highlighting the importance of identifying a personal purpose beyond money. Drawing from his experiences in hospice care, Jordan underscores the significance of living a meaningful life and enjoying the journey, not just the destination, to prevent regret in retirement.

Stephen M. Hughes, a financial therapist, shares his inspiring journey from maxed-out credit cards to financial success. He highlights how childhood experiences shape adult money beliefs and the importance of recognizing one's personal money narrative. Hughes discusses the emotional struggles tied to wealth, offering practical tools to overcome anxiety and guilt. He emphasizes cultivating a healthier relationship with money and introduces strategies for financial growth, making wealth both attainable and enjoyable.

Dave Meyer, a real estate investor and podcast co-host, joins Scott Trench, CEO of BiggerPockets, to dissect why 2025 might be the golden year for real estate. They reveal that, despite high prices, real estate is currently undervalued. Scott shares his bold financial strategy of selling stocks to invest heavily in real estate. They explore shifting market trends, potential rental opportunities, and how understanding the yield curve can influence investment choices. This conversation is packed with insights that could reshape your financial future!

Join Bernadette Joy, founder of Crush Your Money Goals, as she shares her inspiring journey from over $300,000 in debt to becoming a millionaire by 39. She discusses her innovative three-bucket budgeting method and the snowball strategy for paying off student loans. Bernadette reveals effective side hustles that can earn you an extra $100 a day, all while working a full-time job. Discover the mental shifts necessary for achieving financial freedom and learn how to prioritize genuine happiness in your financial journey!

Lauren Boland, a software engineer and creator of the cFIREsim calculator, joins the discussion to tackle a pressing question: "Do I have enough to retire?" She unpacks her groundbreaking tool designed to evaluate retirement readiness by simulating various financial scenarios. The conversation dives into the four-percent rule’s relevance in 2025, how to reverse-engineer a financial independence number, and the importance of investment strategies, including the impact of real estate on retirement planning.

Ramit Sethi, author of "I Will Teach You to Be Rich" and a recognized expert in couples' finances, shares transformative techniques for having productive money conversations. He explores the essential 'money types' and how recognizing them can strengthen relationships. Ramit emphasizes the importance of shifting from criticism to collaboration and advocates for regular financial check-ins. He also discusses the 'Middle-Class Trap' and why a rich life extends beyond just accumulating wealth.

Jackie Mitchell, a TikTok star and side hustler, completed her $100-a-day challenge to save for a home, earning nearly $11,000 in just over three months. She shares her most profitable side hustles, including one that earned her over $100 an hour. Jackie discusses her strategy of using side hustles to cover travel and gifts, alongside budgeting tips that help reduce expenses. With a goal to pay off her mortgage by her thirties, she challenges conventional FIRE advice, showcasing her journey towards financial independence and smart money management.

Couples, it’s time to schedule those essential money dates! Explore fun and engaging ways to align your financial goals together. Learn how to create an open dialogue that keeps both partners motivated and accountable. Discover practical tips for making financial discussions enjoyable, tracking expenses collaboratively, and celebrating successes. With the new year approaching, now is the perfect time to plan constructive conversations and strengthen your financial partnership!