BiggerPockets Money Podcast

In this episode of The BiggerPockets Money Podcast, we explore how someone starting from zero at age 50 can build wealth and potentially reach a $1 million net worth by 65. We break down a realistic 15-year wealth-building strategy, including aggressive saving, living at the bottom quintile of expenses in your area, increasing income through jobs and side hustles, eliminating bad debt, and maximizing tax-advantaged retirement accounts.

We also explore how real estate strategies like house hacking and live-in flips can accelerate wealth creation, along with the importance of disciplined spending, smart investing, community, and continuous learning. Starting at 50 presents unique challenges, but with a clear plan and consistent execution, financial independence can still be within reach.

To go beyond the podcast:

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BiggerPocket Money Episodes to Listen to for Catching up Later in Life Content: 130, 152, 194, 333, 345, 446, 459, 484, 537, 538

We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order!
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In this episode of The BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by special guest Carl Jensen to explore the bull and bear cases for megacap stocks, the future of AI, and what rapid technological advancement could mean for investors and the broader economy. They break down tech valuations, surging AI investment, market concentration, the potential for AI to transform the labor market, and the risks of overpaying for future growth.

To go beyond the podcast:

Interested in a Flat Fee Financial Planner? Go to biggerpocketsmoney.com/fipro

Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets

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Connect with Carl: https://www.1500days.com

We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order!
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How do you choose the right financial advisor? Mindy Jensen and Scott Trench explain what to look for when hiring a financial planner, including AUM vs. flat-fee vs. hourly compensation, CFP credentials, fiduciary status, advisor qualifications, questions to ask, and how to prepare for your first meeting.

If you're considering working with a financial advisor, this episode will help you understand how advisors are compensated, identify potential conflicts of interest, prepare your financial information, and get more value from professional financial planning.

To go beyond the podcast:

Interested in a Flat Fee Financial Planner? Go to biggerpocketsmoney.com/fipro

Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets

Follow BiggerPockets Money on Social:

Facebook: https://www.facebook.com/groups/BPMoney

Instagram: https://www.instagram.com/biggerpocketsmoney

We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order!
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How do Scott and Virginia Trench actually run their household, set big financial goals, and build toward financial independence together? In this episode, Scott and Virginia pull back the curtain on the systems and conversations that keep their family, finances, and future moving in the same direction.

They talk about their approach to goal setting, weekly household and financial check-ins, dividing responsibilities, and making sure their money decisions support the life they actually want to live. They also dive into their investment strategy, including real estate, stocks, portfolio diversification, and how they adjust their investments as market conditions change.

And of course, there’s plenty to unpack when it comes to building and protecting wealth, from proactive tax planning and estate planning to the financial tools they use to keep track of everything. If you’re working toward financial independence, investing for the long term, or simply trying to get more intentional about your money and your life, this episode offers a behind-the-scenes look at how Scott and Virginia make it all work.

To go beyond the podcast:

Take the guesswork out of investing, taxes, and retirement. Book a free consultation with Domain Money Today: www.biggerpocketsmoney.com/cfp

Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets

Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/

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Connect with Virginia Trench:

Website: https://www.virginiatrench.com/

We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order!
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REITs have underperformed for 25 years, but could the next decade be different? Jussi Askola joins us to look at where REITs stand today, how they are valued, and where investors may find the best opportunities.

We discuss how to value REITs using NAV and FFO, why management quality matters, and which sectors look most attractive, including data centers, cell towers, multifamily, retail, and office. We also compare public and private real estate and explore what could drive REIT returns over the next 10 years.

To go beyond the podcast:

Take the guesswork out of investing, taxes, and retirement. Book a free consultation with Domain Money Today: www.biggerpocketsmoney.com/cfp

Get 50% Off Your First Year of Monarch by using code ‘Pockets’: https://www.monarch.com/pockets

Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/

Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney

Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney

Connect with Jussi Askola

Website: https://www.leonbergcapital.com/

Buy His New Book ‘The Reit Advantage’: https://www.amazon.com/dp/9916435359?lv=shuf&channelId=500&plpRedirect=mhFallback

Substack: https://www.high-yield-landlord.com/

We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order!
Learn more about your ad choices. Visit megaphone.fm/adchoices