5 Kids, Modest Income, and $1M Net Worth in 7 Years

In this episode of the BiggerPockets Money Podcast, Dave shares how he and his family went from no real savings to building more than $1 million in net worth in just seven years while raising five kids on a median income. Dave explains how he used side hustles, aggressive saving, minimalism, DIY skills, and strategic investing to dramatically improve his family’s finances. Dave also shares how paying off the mortgage, investing in tax-advantaged accounts, controlling major expenses, and having regular money conversations with his spouse helped transform their financial trajectory. His story offers practical lessons for anyone trying to build wealth, increase their savings rate, and create more financial freedom without needing an enormous income. To go beyond the podcast: Interested in a Flat Fee Financial Planner? Go to biggerpocketsmoney.com/fipro Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets Follow BiggerPockets Money on Social: Facebook: https://www.facebook.com/groups/BPMoney Instagram: https://www.instagram.com/biggerpocketsmoney Connect with Dave: http://www.davesguitarmusic.com/ We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(786)

Starting From Zero at 50: How to Build $1M by 65

In this episode of The BiggerPockets Money Podcast, we explore how someone starting from zero at age 50 can build wealth and potentially reach a $1 million net worth by 65. We break down a realistic 1...

25 Aug 43min

The Bear Case vs The Bull Case for Megacap Tech

In this episode of The BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by special guest Carl Jensen to explore the bull and bear cases for megacap stocks, the future of AI,...

21 Aug 41min

What to Know Before Hiring a Financial Advisor

How do you choose the right financial advisor? Mindy Jensen and Scott Trench explain what to look for when hiring a financial planner, including AUM vs. flat-fee vs. hourly compensation, CFP credentia...

18 Aug 48min

How Scott & Virginia Trench Think About Goals, Spending and Investing

How do Scott and Virginia Trench actually run their household, set big financial goals, and build toward financial independence together? In this episode, Scott and Virginia pull back the curtain on t...

14 Aug 1h 2min

REITs Have Under Performed for 25 Years. Is the Next Decade Different?

REITs have underperformed for 25 years, but could the next decade be different? Jussi Askola joins us to look at where REITs stand today, how they are valued, and where investors may find the best opp...

11 Aug 54min

Can This 29-Year-Old Couple Retire by 40 With a $2.5M Portfolio?

Can a 29-year-old couple with a $1.7 million net worth become work optional by age 40? In this Finance Friday episode, we break down their financial plan after inheriting two rental properties and exp...

7 Aug 1h 3min

There's No "Right" Way to Reach Financial Independence

In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench react to the biggest takeaways and criticisms from Mindy's recent episode with The Money Guys. Mindy shares her ...

4 Aug 39min