Should You Choose Coast FI or Go All In on FIRE?

Should You Choose Coast FI or Go All In on FIRE?

Is Coast FI the smarter path to financial independence in today's economy? In this episode, Scott Trench and Evan Lawler compare Coast FI vs. traditional FIRE, breaking down the trade-offs between reaching financial freedom as fast as possible or building enough wealth to let compound growth do the heavy lifting. They discuss investing, side hustles, real estate, lifestyle design, and the strategies young professionals can use to achieve financial independence while maintaining flexibility. To go beyond the podcast: * Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ [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 [https://www.facebook.com/groups/BPMoney] Connect with Evan Lawler: * Instagram: https://www.instagram.com/the_financialfoundation/ * Email: The.FinancialFoundation00@gmail.com * YouTube: https://www.youtube.com/@The_FinancialFoundation [https://www.youtube.com/@The_FinancialFoundation] 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 [https://megaphone.fm/adchoices]

The Money Guys Help us Escape Our 401k Tax Trap

In this special episode of the BiggerPockets Money Podcast, Mindy Jensen and her husband Carl head to The Money Guy Show studio for a comprehensive portfolio review with Brian Preston and Bo Hanson. After years of maximizing traditional 401(k) contributions to reduce their tax bill, they've built substantial wealth, but now they're asking an important question: Have they fallen into the middle class trap? Together, they break down Mindy and Carl's investment portfolio, retirement accounts, tax strategy, and long-term financial plan to determine whether they're on the right path. Whether you're pursuing FIRE, planning for early retirement, or looking to optimize your portfolio, Brian and Bo share actionable advice to help you avoid costly financial mistakes and create lasting wealth. To go beyond the podcast: * Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ [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 [https://www.facebook.com/groups/BPMoney] Connect with The Money Guys: * Website: moneyguy.com [https://www.youtube.com/redirect?event=channel_description&redir_token=QUFFLUhqbk91QkZ0VkpsMm9ISWxkT3BoR1RPeFJTT0FnUXxBQ3Jtc0tsY1h3S1ppeGR0UHlEaUZuRTd3QzZUeVJBX2tnYVljcldCb0F0a3gwVUNNY1VWV2tqeHM1c0FaMUgwajB5Nlc3SU82dXhfOHhnMEdTVVhVMGF2eXZmNW9GOG9oQnRvcTNacmEtaUM1SHp5N2tfQUExUQ&q=https%3A%2F%2Fmoneyguy.com%2F] * YouTube: youtube.com/c/MoneyGuyShow?sub_confirmation=1 [https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1] * Instagram: instagram.com/moneyguyshow [https://www.youtube.com/redirect?event=channel_description&redir_token=QUFFLUhqblZWSFRFbklERmtRTXBBeXBFNmVCVGU1LTdPZ3xBQ3Jtc0tudEdfX2hDbTF0OV92T1poNlI4cmxBMXRDZzIwU2FEbDVMZlFQZmlZYXVlaVRKN2l3U1JxOEZDQ0VmNWp6MnU5WUY1YkNsbXNoVHdkQ19teUhmTENiNHJNdjJnTU5vdTEzTFNSNTJtdDl4WDlqWmY0SQ&q=https%3A%2F%2Fwww.instagram.com%2Fmoneyguyshow%2F] 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 [https://megaphone.fm/adchoices]

Is My Spending Reasonable? This Data Set Will Tell You

Are you actually spending too much, or does it just feel that way because of where you live? In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench break down a new budget benchmarking tool that compares your spending to households like yours using real government data, regional cost-of-living adjustments, fair market rents, childcare costs, and local pricing. They explain the difference between cost of living and affordability, compare high-cost and low-cost cities, and show how housing, transportation, and income all impact your path to financial independence. You'll learn how to benchmark your own budget, identify areas where you may be overspending, and use data, AI, and your own transaction history to make smarter financial decisions. Whether you live in a high-cost city or a low-cost market, this episode will help you optimize your spending, increase your savings rate, and reach financial independence faster. To go beyond the podcast: * Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ [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 [https://www.facebook.com/groups/BPMoney] 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 [https://megaphone.fm/adchoices]

Why $500K Is More Important Than $1 Million (Coast FIRE)

Is $500,000 actually a more important financial milestone than becoming a millionaire? In this episode of the BiggerPockets Money Podcast, Mindy Jensen sits down with Evan Lawler to explore why reaching $500K early could put you on track for Coast FIRE and potentially grow into millions by traditional retirement. They discuss the power of compound interest, high savings rates, intentional spending, and why financial independence doesn't always mean retiring early. Mindy and Evan also dive into the psychology of money, including the difference between being frugal and being cheap, building healthy spending habits after years of saving, and how lifestyle inflation, family, and changing priorities affect your FIRE journey. Whether you're just starting to invest or already pursuing financial independence, this episode will help you rethink the milestones that matter most. To go beyond the podcast: * Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ [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 [https://www.facebook.com/groups/BPMoney] Connect with Evan Lawler: * Instagram: https://www.instagram.com/the_financialfoundation/ * Email: The.FinancialFoundation00@gmail.com * YouTube: https://www.youtube.com/@The_FinancialFoundation [https://www.youtube.com/@The_FinancialFoundation] 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 [https://megaphone.fm/adchoices]

Should You Stay for the Military Pension? The Math Might Surprise You

Military service offers more financial advantages than most Americans realize, but is staying for a 20-year pension always the smartest move? In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench sit down with Carol and Doug to discuss how military benefits can accelerate financial independence. They cover military pensions, VA disability compensation, TRICARE, reserve retirement, and the opportunity cost of leaving active duty for a civilian career. Carol shares how she left active duty after five years, joined the reserves, and built wealth through disciplined investing. Doug explains why military compensation is worth more than base pay alone, how to think about pensions as a probabilistic asset, and why quality of life should be part of every financial decision. Whether you're active duty, a reservist, a veteran, or pursuing Financial Independence (FIRE), this episode is packed with practical strategies for building long term wealth. To go beyond the podcast: * Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ [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 [https://www.facebook.com/groups/BPMoney] Connect with Carol and Doug: * Carol: https://www.facebook.com/NextGenFinance [https://www.facebook.com/NextGenFinance] * Doug: militaryfinancialindependence.com [http://militaryfinancialindependence.com/]AND Nordsnords@gmail.com [Nordsnords@gmail.com] Resources from Todays Episode: * https://themilitarywallet.com/leave-active-duty-for-reserves/ * https://militarypay.defense.gov/Calculators.aspx [https://militarypay.defense.gov/Calculators.aspx] * https://militarypay.defense.gov/calculators/rmc-calculator/ [https://militarypay.defense.gov/calculators/rmc-calculator/] * https://tricare.mil/Plans/HealthPlans [https://tricare.mil/Plans/HealthPlans] * https://militaryfinancialindependence.com/2024/06/27/why-you-file-your-veterans-disability-claim-not-just-how/ [https://militaryfinancialindependence.com/2024/06/27/why-you-file-your-veterans-disability-claim-not-just-how/] 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 [https://megaphone.fm/adchoices]