BiggerPockets Money Podcast14 Feb 2022

275: The Most Common (and Rarely Discussed) Money Mishaps w/ David Pere

Lifestyle creep, budget hesitancy, and cash scarcity are problems you’d likely hear from someone just getting into the realm of financial independence/literacy. But, funnily enough, these wealth woes aren’t coming from newbies—they’re coming from two asset-stacking veterans, Mindy Jensen and David Pere from The Military Millionaire Podcast. While on the outside David and Mindy may look like squeaky clean financial figures, they’ve realized recently that they have to tighten up their systems to maximize wealth. Mindy has seen a slow and steady lifestyle creep, and although her income can support her, she still wants to have a strong sense of strategy when it comes to budgeting and expense tracking. David has tried time and time again to budget, but it’s never really gone to plan. He also is feeling a bit stressed at times due to his “cash poor, asset rich” lifestyle that has allowed him to build so much wealth. Our two hosts serve as financial therapists for one another other in this episode as they dive deep into how each other can re-strategize their financial situations. Even the gurus don’t always get it right! In This Episode We Cover How to turn budget hesitancy into expense-tracking mastery Stocking up your emergency reserve so you (and your business) can survive life’s hiccups Entrepreneur income and why you should go lean on your business spending, without compromising quality Lifestyle/income creep and how to fight it so you can save and invest more Why everyone (even our money gurus) make mistakes from time to time And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(776)

The "Middle Class Trap" Is Real—But We Need a Better Name

What is the Middle Class Trap, and how can high earners avoid it on the path to financial independence? In this episode of the BiggerPockets Money podcast hosts, Mindy Jensen and Scott Trench explain ...

24 Jul 0s

Yes, the Trump Account Belongs in your Financial Order of Operations. Here’s Where.

Trump Accounts are one of the newest tax-advantaged investment accounts for children, but where do they fit in your financial plan? In this episode of the BiggerPockets Money podcast, Jeremy Schneider...

21 Jul 0s

The Money Guys Gave Us Advice… Here’s What We’re Changing

What did Mindy and Carl Jensen learn from The Money Guys after they reviewed their portfolio? In this recap episode, Mindy and Carl share their biggest takeaways on retirement planning, cash reserves,...

17 Jul 32min

Should You Choose Coast FI or Go All In on FIRE?

Is Coast FI the smarter path to financial independence in today's economy? In this episode, Scott Trench and Evan Lawler compare Coast FI vs. traditional FIRE, breaking down the trade-offs between rea...

15 Jul 38min

The Money Guys Help us Escape Our 401k Tax Trap

In this special episode of the BiggerPockets Money Podcast, Mindy Jensen and her husband Carl head to The Money Guy Show studio for a comprehensive portfolio review with Brian Preston and Bo Hanson. A...

14 Jul 1h 29min

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)

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

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