BiggerPockets Money Podcast

• Did She Already Reach Coast FI at 46? (Finance Friday)

  In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench tackle two pivotal financial decisions with their guest, Kristel. Has she already achieved Coast FI without realizing it? And should she keep her current house or sell it to accelerate her path to financial independence?  Kristel opens up about her journey from a frugal upbringing to building an impressive $1.32 million net worth. Mindy and Scott dig deep into her numbers—dissecting her assets, income streams, and monthly expenses—to give Kristel options for her ideal FIRE life. From house hacking opportunities to smart investment moves and strategic part-time work, this episode delivers actionable insights for anyone navigating their own FI journey. This Episode Covers: How Kristel built $1.32M Her current income, expenses, and savings rate Her financial independence goals and timeline House hacking opportunities to reduce housing costs Investment strategy options for her portfolio Is Kristel Coast FI? With help from The Fioneers Coast FI calculator Part-time work options to bridge the gap to full FI Tax optimization and withdrawal strategies And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices

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• Net Worth By Age In 2025 (Are You Above Average?)

  Let's talk about the average net worth by every age, and how to make sure you save and invest enough money to stay on track. In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench break down actual data to reveal the net worth benchmarks for the median, top 10%, top 5%, and top 1% of every age. If that isn’t enough they then highlight specific strategies that work at each age to hit those benchmarks—from aggressive wealth-building tactics in your 20s and 30s to business ownership and real estate scaling in your 40s, to preservation strategies in your 50s and 60s. Whether you're behind and need to catch up or ahead and want to optimize, this episode gives you the roadmap for your decade so you can hit your financial independence goals. 00:00 Net Worth by Age - Are You on Track? 01:09 Defining Net Worth and FIRE Portfolio 02:44 Analyzing Net Worth by Age 03:58 Key Takeaways from Net Worth Data 12:03 How to Be in The Top 1-10% in Your 20s 16:17 How to Be in The Top 1-10% in Your 30s 21:17 How to Be in The Top 1-10% in Your 40s 25:22 How to Be in The Top 1-10% in Your 50s 30:51 How to Be in The Top 1-10% in Your 60s Learn more about your ad choices. Visit megaphone.fm/adchoices

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• Should You Keep or Sell Your House? (Best Choice for FIRE)

  Should you sell your house right now or turn it into a rental property? In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench dive deep into one of the biggest financial decisions you'll ever make with their guest Sean. He is sitting on serious equity but isn't sure what his next move should be. We break down his entire financial situation using a custom spreadsheet model that analyzes net worth, mortgage rates, rental income potential, cash flow projections, and long-term wealth building strategies. This isn't just theory—we're crunching real numbers to show you exactly how to think through this decision. We examine market conditions, tax implications, opportunity costs, and the hidden expenses most people forget when they become landlords. Whether you're dealing with a primary residence, investment property, or house hack situation, this episode gives you a replicable decision-making process you can use for your own real estate choices. By the end of this episode, you'll understand the financial trade-offs between liquidity and long-term appreciation, how to calculate true rental yields, and when holding onto property actually destroys wealth instead of building it. If you're facing a similar decision or planning your real estate exit strategy, this is the most comprehensive breakdown you'll find anywhere. 00:00 Should You Sell or Keep Your House? 01:17 Financial Overview: Net Worth, Income & Equity 02:33 Mortgage Rate Analysis and Current Housing Market Conditions 03:07 Rental Property Cash Flow Calculator 13:41 Hidden Rental Property Expenses and Long-Term Investment Returns 19:30 How Selling vs Renting Impacts Your Cash Flow and Net Worth 21:11 Net Worth Projections: Sell Now vs Hold 5, 10, 20 Years 23:27 Rental Property Cash Flow vs Home Sale Proceeds Analysis 24:29 Best Time to Sell Your House 26:26 Which Option Builds More Wealth? 31:14 Final Verdict: Should You Sell Your House Now? Learn more about your ad choices. Visit megaphone.fm/adchoices

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• FI at 44 AFTER Taking a Year Off at 31

  What if you could take a year off at 31 and still retire early? Alex Morales, also known as Girl Chasing Wealth, is doing exactly that. In this BiggerPockets Money episode, she sits down with Mindy Jensen and Scott Trench to reveal how she's funding a year-long sabbatical while staying on track to achieve financial independence by 44, all on a median salary in a high-cost-of-living area. Alex's journey proves you don't need a six-figure income or to live in a low-cost city to make FIRE work—you just need the right strategies. Alex shares her unconventional approach to building wealth, including managing roommates to slash housing costs, ruthlessly cutting expenses that don't align with her values, and building side income streams for flexibility. But this isn't just about saving money—it's about designing a life that lets you take meaningful breaks without derailing your financial goals. Whether you're burned out, curious about sabbaticals, or convinced early retirement requires constant hustle, this conversation will change how you think about the path to financial freedom. This Episode Covers: How to calculate if you can afford a career break without ruining your FIRE timeline The exact house hacking strategy that saved Alex thirty thousand dollars per year Which expenses to cut first when living in a high-cost area How to maintain a high savings rate on a median income Alex's investment portfolio breakdown and FIRE number What she's actually doing during her sabbatical year Her strategic plan for returning to work at a higher salary Why taking time off might accelerate your financial independence journey And SO much more! 00:00 Taking a Year Off at 31 Without Ruining FIRE 01:39 How She Started 03:17 The Lifestyle Cuts That Actually Worked 07:46 Roommates Saved Her $30K/Year 12:10 Her Exact Investment Strategy Revealed 14:29 Why She Left Her Job 15:50 The Return Plan: Higher Pay, Same Freedom 22:30 What She's Actually Doing on Sabbatical 32:06 Follow Her FIRE Journey! Learn more about your ad choices. Visit megaphone.fm/adchoices

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• The Four Fundamentals of Retirement Drawdown

  Join Mindy Jensen and Scott Trench on the BiggerPockets Money Podcast as they welcome retirement tax experts Sean Mullaney, The FI Tax Guy, and Cody Garrett, a certified financial planner, to break down their game-changing retirement drawdown order of operations. This isn't your typical retirement advice - it's a strategic blueprint that could save early retirees and traditional retirees thousands in taxes while ensuring their money lasts a lifetime. Discover the four critical retirement drawdown fundamentals that form the backbone of any successful retirement strategy, plus advanced tactics for optimizing your tax burden, managing healthcare costs, and timing Roth conversions for maximum impact. Sean and Cody don't just explain what to do - they walk through exactly when and why each strategy matters most, covering everything from your retirement date through the challenging widow and widower years. This episode covers: The four fundamental retirement drawdown rules that could save you thousands Why you should spend taxable accounts first and traditional accounts second The strategic case for delaying Social Security until age 70 How to use HSAs and Roth IRAs as powerful tax-free tools The five distinct phases of retirement and what each one means for your strategy Advanced Roth conversion tactics and optimal timing How to keep income low to maximize ACA premium tax credits Managing required minimum distributions and minimizing their impact Healthcare cost planning and insurance strategies for retirees Why working with a qualified tax planner is essential for your unique situation And SO much more! 00:00 Retirement Drawdown Strategies 01:22 Fundamentals of Retirement Drawdown 03:37 Phases of Retirement and Taxable Accounts 07:23 Managing Income and Premium Tax Credits 09:22 Roth Conversions and Standard Deductions 19:52 Hidden Roth IRA and Tax Planning 28:36 Navigating Healthcare Subsidies and Early Retirement 29:26 Balancing Benefits for Early Retirees and Self-Employed 33:34 Strategic Tax Planning for Retirement 35:50 Understanding Required Minimum Distributions (RMDs) 36:59 Mitigating the Impact of RMDs 40:51 The Widow's Tax Trap and Effective Tax Planning 46:30 Connect with Sean and Cody! Learn more about your ad choices. Visit megaphone.fm/adchoices

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