BiggerPockets Money Podcast

What are the biggest mistakes people make on the road to financial independence? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench break down the 13 biggest FIRE mistakes that quietly delay or derail your progress toward early retirement. From starting too late and ignoring spending habits to misunderstanding the 4% rule and overlooking healthcare costs, these common financial independence mistakes can cost you years on your journey to FIRE.

You’ll learn how to avoid lifestyle creep, optimize your savings and investment strategy, reduce tax inefficiencies, and build a flexible financial independence plan that can adapt to real-world risks. Whether you’re just starting your FIRE journey or already investing for early retirement, this episode reveals the most co

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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 sit down with Evan Lawler, a full-time engineer and content creator, to break down his plan to reach Coast FIRE with $500,000 invested by age 30. Instead of pursuing traditional early retirement, Evan is building a disciplined, automated investment strategy that allows his portfolio to compound while he focuses on career growth and enjoying his 20s and 30s.

Mindy and Scott unpack Evan’s early start in personal finance, his frugal lifestyle choices, Roth account strategy, and approach to negotiating raises and increasing income. From optimizing housing costs in Philadelphia to building long-term flexibility and balance, this episode offers a practical blueprint for anyone interested in Coast FIRE, financial independence, and smart wealth-building in their 20s.

To go beyond the podcast:

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 

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Connect with Evan Lawler:

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

Email: [email protected]

YouTube: 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!
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Are you a high earner in your 30s or 40s with a growing net worth — but somehow still feel financially stuck? You might be caught in the "boring middle" — a phase where your wealth is locked in home equity and retirement accounts, leaving you cash-poor, inflexible, and far from the financial freedom you've been working toward. In this episode of the BiggerPockets Money podcast, Scott Trench and Mindy Jensen sit down with CFP David Jackson of 

Domain Money to break down the middle-class trap and reveal why the conventional advice to max out your 401(k) may actually be slowing your path to financial independence.

David shares three powerful strategic options for DEWK households (dual-income, employed, with kids) to build liquidity, optionality, and tax efficiency — without sacrificing long-term growth. You'll learn the Liquidity First Optionality Framework (LaFaF), how to think about diversifying across Roth, pre-tax, and brokerage accounts, and why psychological freedom matters just as much as portfolio size. Whether you're chasing FIRE, reassessing your retirement strategy, or simply tired of feeling trapped by your own financial success — this episode is your blueprint.

To go beyond the podcast:

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 

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Interested in learning more Domain Money and working with David Jackson? Visit: https://biggerpocketsmoney.com/cfp/

Early Retirement Group, LLC (“BiggerPockets Money”), is acting as a promoter for Domain Money Advisors, LLC (“Domain”) and receives a flat fee for each client who enrolls in or purchases the promoted services. In addition to the compensation provided to Bigger Pockets Money, Scott Trench is a current client of Domain and received non-cash compensation related to his promotional activity. This compensation creates a conflict of interest because the promoter has a financial incentive to recommend the service. Clients should independently evaluate whether the service is appropriate for their needs.
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What’s the real relationship between money and happiness? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with leading happiness researcher Matt Killingsworth to unpack what the science actually says about income and happiness. Drawing from real-time data collected through Track Your Happiness, Matt explains why happiness does not plateau at $75,000, how income and emotional well-being are logarithmically connected, and why control over your time may matter more than any specific dollar amount.

Beyond debunking the famous happiness ceiling, this conversation dives into defining “enough,” avoiding the FIRE community’s “one more year” trap, and understanding how relationships, engagement, and community drive lasting fulfillment. If you’re pursuing financial independence and wondering whether more money will truly make you happier, this episode delivers research-backed clarity and practical frameworks to evaluate your own happiness metrics—so you can design a life that feels rich long before (and after) retirement.

To go beyond the podcast:

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 Matt Killingsworth:

Website: https://www.mattkillingsworth.com/

Track Your Happiness: https://trackyourhappiness.org/

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 sit down with Grace Gudenkauf, a real estate investor who began her journey at just 23 years old with $15,000 in savings during COVID. Grace shares how she built a thriving rental portfolio in Iowa by leveraging local market knowledge, living below her means, and strategically balancing renovations, new construction, and entrepreneurship.

Mindy and Scott unpack Grace’s approach to deal analysis, seller financing, local bank relationships, and pivoting strategies during rising interest rates. From flipping to building triplexes with a “build one, keep one” model, Grace reveals how she’s designing a low-leverage, resilient portfolio on her path to financial independence. If you want practical real estate investing strategies for your 20s—or a blueprint for long-term cash flow—this episode delivers.

To go beyond the podcast:

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 Grace Gudenkauf:

Instagram: https://www.instagram.com/grace.investing/

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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