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400: Mindy and Scott’s Money Stories and Why They WON’T Retire Early

400: Mindy and Scott’s Money Stories and Why They WON’T Retire Early

FromBiggerPockets Money Podcast


400: Mindy and Scott’s Money Stories and Why They WON’T Retire Early

FromBiggerPockets Money Podcast

ratings:
Length:
55 minutes
Released:
Apr 10, 2023
Format:
Podcast episode

Description

Being able to retire early is a blessing and a curse. When you first start working a job, all you can think of is escaping your everyday responsibilities. The mind-numbing tasks, the early mornings, late nights, horrible bosses—it all adds up. But, you then find the “financial independence, retire early movement (FIRE),” and almost overnight, you decide that your future will be dedicated to setting yourself financially free. You develop skills that help you make more at your job, feeding into bigger, better investments. And as a result, you end up being in a better position, at a more respectable job, earning more than you thought possible, and enjoying the challenge of everyday work.
This is precisely what happened to your hosts, Mindy Jensen and Scott Trench. Both started at jobs they didn’t love, wanting to be financially free. Through hard work and skill-building, Mindy and Scott were brought together, prompting them to start the BiggerPockets Money Podcast and build a company they both love. Now financially free, Mindy and Scott refuse to retire early for a good reason.
In this special four-hundredth episode, Mindy and Scott share their money stories, how they found the FIRE movement, what they did with their money, and why they choose to work, even though they don’t have to. If you want to know the real reason behind Scott and Mindy’s skyrocketing success, stick around because their stories are much more repeatable than you may think.

In This Episode We Cover
The origins of the BiggerPockets Money Podcast and how risky investing prompted a powerful podcast
The index fund vs. individual stock-picking debate and why Mindy started to shift her portfolio
How Mindy and Scott found the FIRE movement and how they both quickly reached financial independence
Becoming a CEO and why Scott’s “don’t ask for a raise” philosophy paid off BIG time
Choosing to work instead of retiring early and why a meaningful livelihood beats a relaxing early retirement
The simple but profound moves Scott made to triple his net worth in just a few years
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Scott's Instagram
Mindy's
Connect with James
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Subscribe to The “On The Market” YouTube Channel
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Money Moment
Mr. Money Mustache's article
1,500 Days
Breaking the Taboo of Talking About Money with Friends, Family, and Bosses
How to Change Your Financial Life with a Money “Reset”
Margin Loans: Low-Interest Lending or Risky Rates?
Mindy's First Episode: Jump Starting Your Early FI Plans by Live-in Flipping
Scott’s First Episode: An All-Out Approach to Financial Independence at an Early Age

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-400

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Released:
Apr 10, 2023
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.