210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

210: Finance Friday: Should I Leave Teaching to Pursue Greater Income?

Teachers do a lot more than we give them credit for (as shown throughout the past year and a half), but sadly, they don’t get paid terribly high salaries. Today’s guest, Stephanie, is a music teacher for young children and is debating whether or not she should make a career change to up her income to higher levels. Stephanie has a good amount in savings and investments but wants to take on a duplex to house hack and save money on monthly housing costs. Scott and Mindy walk through the pros and cons of house hacking and answer questions about live in flips. The best part about Stephanie’s story is that she has the option to move anywhere in the United States. She has nothing holding her to New Jersey and may be keen to move out due to the high taxes she has to pay. With the combination of a career change and the potential to do a live in flip/house hack on the horizon, Stephanie has a lot of great (and broad) options to help her reach financial independence! In This Episode We Cover Changing careers to maximize financial independence goals Starting a side hustle so you can earn extra income Roth IRAs, 401(k)s, and Solo IRAs House hacking as a means to not only cut housing expenses but build wealth Who should (and shouldn’t) do a live in flip Should you pay off low-interest debt or invest? And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Reached FI at 60: How to Switch from Accumulation to Drawdown with Bill Yount

Reached FI at 60: How to Switch from Accumulation to Drawdown with Bill Yount

You've hit financial independence—now what? How do you actually start spending the money you've spent years accumulating? Bill Yount reached FI at 60 after a 10-year journey, and he's figured out the ...

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Broke and in Debt at 50? How to Still Retire On-Time (Step-by-Step Plan)

Broke and in Debt at 50? How to Still Retire On-Time (Step-by-Step Plan)

You're in your 50s, $50,000 in debt, and retirement at 65 feels impossible. We made this episode for you. Today, Mindy and Scott spell out the exact step-by-step plan to go from $50K in debt to a mill...

13 Tammi 1h 8min

How to Reach Coast FIRE (The Relaxed Way to Retire!)

How to Reach Coast FIRE (The Relaxed Way to Retire!)

What if you didn't have to save 70% of your income to retire early? What if you could hit a number in your 30s, ease off the gas, and still reach financial independence—without sacrificing your presen...

9 Tammi 51min

How to Retire Early: A 15-Year Plan to Go from $1,000 to FIRE

How to Retire Early: A 15-Year Plan to Go from $1,000 to FIRE

What if you're doing FIRE in the wrong order? Most people chasing financial independence are following steps that actually slow them down—and it could be costing you years of freedom. In this episode,...

6 Tammi 50min

How to Use AI to Reach Financial Independence Faster

How to Use AI to Reach Financial Independence Faster

AI is revolutionizing how we build wealth and achieve financial independence. In this episode, Mindy Jensen and Scott Trench break down exactly how to use AI tools to accelerate your path to FI—from a...

2 Tammi 31min

Scott Builds Four Portfolios with Four Different Strategies ($40k Experiment)

Scott Builds Four Portfolios with Four Different Strategies ($40k Experiment)

In this episode of the BiggerPockets Money Podcast with Mindy Jensen and Scott Trench, Scott builds four different investment portfolios using real money, each account starting with $10,000 and employ...

30 Joulu 202543min

Which Path to Financial Independence Is Faster? Sell or Rent?

Which Path to Financial Independence Is Faster? Sell or Rent?

Should you turn your primary home into a rental property or sell it when you move? It's one of the biggest financial decisions homeowners face, and in this episode, Mindy Jensen and Scott Trench are h...

26 Joulu 202548min

How to Set FIRE Goals and Actually Achieve Them (2026)

How to Set FIRE Goals and Actually Achieve Them (2026)

Episode #704 ~~~ Download the Goal Setting Document: www.biggerpocketsmoney.com/resources  ~~~ Subscribe to the 31 Day Challenge: www.biggerpocketsmoney.com/31days  ~~~ Subscribe to our Weekly N...

23 Joulu 202537min

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