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BiggerPockets Money Podcast Archive
Every episode of the BiggerPockets Money Podcast, from the beginning of time. Thank you for listening, and for coming to our website!
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What Does “Enough” Actually Mean? How to Define FI on Your Own Terms
The FIRE community is extraordinarily good at math. Ask anyone here what their FI number is and they’ll not only tell you the number, but they can also tell you their savings rate, their expected real rate of return, their projected sequence of returns risk, and their planned withdrawal strategy. They’ve run Monte Carlo simulations.…
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The Hidden Cost of a High Savings Rate Nobody Talks About
There’s a chart that’s changed a lot of lives. If you’ve spent any time in the financial independence community, you’ve probably seen it. It lives on Mr. Money Mustache’s blog, in a post called “The Shockingly Simple Math Behind Early Retirement,” and it’s exactly what it sounds like. The chart shows the relationship between your…
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How to Talk to Your Partner About Money Without It Turning Into a Fight
If you’ve ever tried to explain the concept of financial independence to a spouse who didn’t ask to hear about it, you already know how this goes. You’re excited. You’ve just listened to six podcast episodes back to back. You’ve run the numbers three times and they keep getting better. You sit down at dinner,…
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Stop Panic-Optimizing: When “Good Enough” Is the Best Financial Decision You Can Make
There’s a special kind of financial paralysis that only affects people who are actually doing the right things. It doesn’t happen to the person who has $47 in their checking account and a drawer full of unpaid bills. It happens to you. The person who has already maxed out their 401(k), built an emergency fund,…
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The Market’s on Sale – So Why Do People Run Away?
There’s a peculiar phenomenon that happens in both real estate and the stock market, and it goes something like this: the moment something becomes a genuinely good deal, a large portion of the buying public suddenly develops cold feet, an urgent need to “wait and see,” or a full-blown panic attack. It’s as if the…
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Trust But Verify: A Love Letter to Our Community (And a Warning)
The Financial Independence community is a wonderful, weird little corner of the internet and the world. We talk openly about our net worth. We share our savings rates like they’re baseball stats. We debate the 4% rule with the enthusiasm most people reserve for sports arguments. And when we meet each other in person, whether…
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Your Credit Card Statement Isn’t Going to Review Itself
There’s a particular kind of financial embarrassment that has nothing to do with being broke. It’s the embarrassment of realizing, often at the worst possible moment, that you’ve been cheerfully ignoring something important for months or even years. Not because you’re irresponsible. Not because you don’t care about money. But because life got busy, things…
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Don’t Panic-Buy a Tesla Because Gas Went Up 40 Cents
Every time conflict rattles the Middle East and oil prices spike, car dealerships quietly uncork the champagne. Here’s why reacting to pump prices with a brand-new vehicle purchase is one of the most expensive impulses in personal finance. There’s a ritual that plays out with clockwork-like reliability whenever geopolitical tension flares up in oil-producing regions…
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International Diversification: How Much Is Enough and When Does It Hurt?
If you’ve spent the last decade watching your U.S. equity holdings crush every international benchmark while your “globally diversified” friends quietly questioned their life choices, you’ve felt the emotional weight of this topic firsthand. International diversification is one of those concepts that sounds perfectly rational in a finance textbook and then proceeds to spend years…
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Post Traumatic Broke Syndrome: How Your Financial Past Is Running Your Financial Present
In yesterday’s episode, personal finance educator Tiffany Aliche, known to millions as The Budgetnista, put a name to something a lot of people have been quietly living with for years: Post Traumatic Broke Syndrome. It ‘s the idea that past financial hardship, whether you grew up counting quarters for the electric bill or blew your…