234: Finance Friday: From “We Can’t Retire” To Retiring Early in 5 Years

234: Finance Friday: From “We Can’t Retire” To Retiring Early in 5 Years

A rock-solid financial position consists of a few things: budgeting, expense tracking, living below your means, and making extra income. Once those are accomplished, you’re on track to start investing heavily and financial independence is in sight. This is exactly the position Lynsey (mother to Mindy’s pool boy) is in. Lynsey and her husband bring in a moderate salary from his job and her businesses of jewelry making, relationship counseling, and their garage and basement house hack. For a long time, Lynsey assumed she would never be able to retire, but as her income has grown she’s realized that she not only can retire but retire early. Lynsey has a few key ways she could increase her business revenue: outsourcing, marketing, and scaling. Her husband also has a strong suspicion he’s underpaid, meaning a boost in income could be one ask away for him. The couple also wants to invest in more short-term rentals or buy another house hack property. But, of all the options they’re presented with, which one will push the needle? In This Episode We Cover Creating a “hype folder” so you can painlessly ask for a raise Shopping the sales and feeding a family of five for $700 per month Creative house hacking by renting out basements, garages, and other dwelling areas Using a self-directed 401(k) to invest in real estate and grow retirement savings What to do with a large amount of cash while you’re waiting to invest? Outsourcing repetitive tasks in your business so you can scale And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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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...

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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 49min

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 202542min

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 202536min

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

How to Track Your Path to FI in 2026 (Step-by-Step Guide)

Ready to take control of your finances in 2026? Mindy Jensen and Scott Trench are breaking down one of the most powerful tools for financial success: the personal financial statement. Think of it as y...

19 Joulu 202524min

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