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.
https://www.biggerpockets.com/podcasts/money
episode 93: Financial Mistakes and How to Avoid Them with Scott & Mindy
Financial mistakes can have a HUGE impact on your future retirement savings - the opportunity costs can be enormous!
In this episode, Scott and Mindy discuss some of the biggest mistakes you can make financially, and ways to avoid them so you can give yourself the highest potential for financial independence.
Mindy and Scott move past previously discussed mistakes such as housing and transportation, and dive deep into relationship money mistakes, travel, spending, retirement planning and tax issues that can cost you tens of thousands of dollars in your retirement accounts.
Scott and Mindy shed light on some of the “low-hanging fruit” money missteps as well as touching on spending and lack-of-planning issues that can have an even larger impact on your financial future.
This episode truly is for anyone who has money AND wants to have more.
In This Episode We Cover:
- What house hacking is
- On buying a car
- Challenges that come up in relationships
- What to buy on engagement rings
- Concept to apply on weddings
- On having kids and pets
- The importance of being on the same team in your relationship
- Ways to save money on travel
- Travel hacking
- Tax Mistakes
- The right time to talk to a CPA
- Talking about retirement accounts
- Withdrawing money early inappropriately
- Not understanding fees
- Not taking the match
- Track and analyzing your spending
- Signs that you have miscellaneous spending problem
- On investing
Links:
- The $51,000 mistake thousands of retirement savers have already made
- BiggerPockets Money Podcast 35: Hacking Your Life to Live for (Almost) Free with Craig Curelop
- BiggerPockets Money Podcast 87: How to Save Money for Your Down Payment with Scott & Mindy
- BiggerPockets Money Podcast 83: Buying Your First House with Scott & Mindy
- BiggerPockets Money Podcast 81: The Basics of Investing with Erin Lowry from Broke Millennial
- BiggerPockets Money Podcast 09: Financial Independence at Age 30 (by House Hacking + Side Hustles) with Drew from Guy On Fire
- BiggerPockets Money Podcast 20: The Simple Path to Wealth—Index Funds Explained with JL Collins
- BiggerPockets Money Podcast 86: Choosing the Right Investment Type for Your Goals with David Stein
- BiggerPockets Money Podcast 07: How Breakfast Food Motivated Financial Freedom with Mr. and Mrs. Waffles on Wednesday
- Make Your Own Free Mobile Expense Tracking App in 30 Minutes
- BiggerPockets Career Opportunities
- BiggerPockets YouTube Channel
Connect with Scott and Mindy:
- Mindy's email
- Scott's email
- BiggerPockets Money's email
- Scott's Instagram
- Mindy's Instagram
- BiggerPockets Money's Instagram
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