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 your complete financial snapshot—tracking your net worth, cash flow, assets, and liabilities all in one place. The best part? They're giving you a free comprehensive spreadsheet to make it ridiculously easy. This Episode Covers: What a personal financial statement is and why it's essential for reaching your 2026 FI goals How to calculate your net worth and track it over time Step-by-step instructions for filling out your financial statement spreadsheet Organizing your assets and liabilities in one powerful location Using cash flow analysis to understand where your money goes Tips for serious financial planning with your completed statement Access to the free comprehensive spreadsheet template at BiggerPocketsMoney.com/resources Mindy and Scott's recommended budgeting software, Monarch Money (use code 'Pockets' for 50% off Your First Year) Whether you're just starting out or ready to level up your money game, this episode gives you the foundation you need. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(771)

Is My Spending Reasonable? This Data Set Will Tell You

Is My Spending Reasonable? This Data Set Will Tell You

Are you actually spending too much, or does it just feel that way because of where you live? In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench break down a new budget b...

10 Jul 36min

Why $500K Is More Important Than $1 Million (Coast FIRE)

Why $500K Is More Important Than $1 Million (Coast FIRE)

Is $500,000 actually a more important financial milestone than becoming a millionaire? In this episode of the BiggerPockets Money Podcast, Mindy Jensen sits down with Evan Lawler to explore why reachi...

8 Jul 38min

Should You Stay for the Military Pension? The Math Might Surprise You

Should You Stay for the Military Pension? The Math Might Surprise You

Military service offers more financial advantages than most Americans realize, but is staying for a 20-year pension always the smartest move? In this episode of the BiggerPockets Money Podcast, Mindy...

7 Jul 1h 2min

The Best Early Retirement Withdrawal Strategy (6 Proven Frameworks)

The Best Early Retirement Withdrawal Strategy (6 Proven Frameworks)

Reaching financial independence is only half the battle, knowing how to withdraw your money in early retirement is just as important. The right withdrawal strategy can help you minimize taxes, avoid u...

3 Jul 42min

Has the FIRE Number Gone from $1M to $2.5M?

Has the FIRE Number Gone from $1M to $2.5M?

In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench tackle one of the biggest questions in the FIRE movement: Why has the traditional $1 million FIRE goal grown to $2.5 m...

30 Jun 38min

Is Investing Ethical? How to Invest Without Compromising Your Values

Is Investing Ethical? How to Invest Without Compromising Your Values

Is investing ethical? Can you build wealth, pursue financial independence, and still invest according to your values? Scott and Mindy tackle one of the biggest questions in personal finance, exploring...

26 Jun 25min

The Ultimate Guide to Healthcare Costs for FIRE

The Ultimate Guide to Healthcare Costs for FIRE

Healthcare is one of the biggest unknowns in any FIRE plan. If you're considering early retirement, self-employment, or leaving a traditional job, understanding health insurance costs could save you t...

23 Jun 40min

Mortgage Rates Jumping from 4% to 8%: What Should This Investor Do?

Mortgage Rates Jumping from 4% to 8%: What Should This Investor Do?

How do you build nearly $1 million in net worth while working seasonally, living intentionally, and creating a lifestyle you actually enjoy? In this episode, Heather shares her remarkable journey from...

19 Jun 59min

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