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352: Common Money Fears That Are Costing You BIG

352: Common Money Fears That Are Costing You BIG

FromBiggerPockets Money Podcast


352: Common Money Fears That Are Costing You BIG

FromBiggerPockets Money Podcast

ratings:
Length:
69 minutes
Released:
Nov 11, 2022
Format:
Podcast episode

Description

With so much going on—a recession, rampant inflation, rising interest rates—overcoming your money fears can be more challenging than ever before. The world is changing, and many of us feel like we’re being swept along with it. Our dollars are worth less, our retirement accounts have fallen sharply, and our cash is wasting away. What should we do when it feels like every financial move has a benefit and drawback attached to it? Should we even be making moves right now?Don’t get overwhelmed with financial anxiety because today we’re bringing you an episode full of financial fixes for the everyday investor! We posted on the BiggerPockets Money Facebook Group a few months back, asking you which money fears keep you up at night. Now, we’ve got answers! Back on the show are J Scott and Kyle Mast! They join Mindy in giving solutions to your greatest financial fears.J and Kyle give suggestions on topics ranging from rising home prices and the inability to become a homeowner to being nervous about how inflation is eating away at the dollar. We also touch on the age-old question of whether or not we’redoing enough right now to set us up for retirement and how a recession could affect our hard-earned assets. J, Kyle, and Mindy all give their suggestions on these situations and spill some of their own financial fears to show you that even the experts still worry like everyone else.In This Episode We CoverOur biggest financial fears and what we’re doing to mitigate them in turbulent timesGrowing up with very little and why the “never enough” mentality always lingersWhy buying a home isn’t your only option for building wealth in this marketSetting yourself up for a plentiful retirement even if you got a late startWhether or not keeping a large cash position is a smart move to makeChanging jobs to get more personal time and when flexibility trumps financesInflation, interest rates, and how to stay sane during a recession And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingMindy's TwitterJ’s BiggerPockets ProfileJ’s Personal WebsiteListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetThe Money Date: What You Should (And Definitely Should Not) Do to Align Your Finances as a Couple7 Tips for Successfully Investing in ANY Market Condition With J ScottSyndications: Everything You Need to Know BEFORE You InvestEpisode 200 Special: A Personal Finance Masterclass with Kyle MastHow to Find the Best Possible Certified Financial Planner (CFP) for Your Needs with Kyle MastBiggerPockets FIRE Planning WorksheetClick here to check the full show notes: https://www.biggerpockets.com/blog/money-352Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 11, 2022
Format:
Podcast episode

Titles in the series (100)

For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.