meta_pixel
Tapesearch Logo
Log in
BiggerPockets Money Podcast

149: Listener Finance Review: Knocking Out Debt to Start Investing

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 2 November 2020

⏱️ 63 minutes

🧾️ Download transcript

Summary

Nick Groover is 25, with a young daughter and a fiance, looking to make changes to his finances so he can start married life off on the right foot. He has some debts he'd like to knock out so he can start investing in real estate, and potentially start a business. He just got a promotion and a raise, and on paper is doing pretty good. But Nick needs to start budgeting, because a dollar here and five dollars there is eating up his overage, so there is very little to save. In today's episode, Scott and Mindy sit down with Nick to go over his current financial situation and use their life experiences to suggest easy wins to help pay down his debt, start saving for future real estate purchases, and start investing for retirement. Nick's in a good place right now, but following Scott & Mindy's suggestions should help him get money out of the way so he can go on to lead his best life! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey Mobile Expense Tracking App - Waffles On Wednesday Check the full show notes here: https://www.biggerpockets.com/moneyshow149 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the BiggerPoggins Money Podcast, show number 149, where we interview Nick Grover and review his financial situation to see what tweaks he can make to further himself down the path towards financial independence.

0:12.0

I follow the Dave Ramsey approach a little bit. down the path towards financial independence.

0:13.0

I follow the Dave Ramsey approach a little bit by saving up a little bit of money,

0:16.8

you know, for a little nest egg and then that was my plan was to go smallest to largest just because I think that would that's just the best

0:26.2

approach and like you said I mean either way you know that's the way to do it I think so that's

0:32.0

my plan, yeah.

0:34.0

Hello, hello, hello, my name is Mindy Jensen, and with me as always is my financially savvy co-host, Scott Trench.

0:40.0

Minnie, thank you for always calculating a new introduction for us.

0:43.8

I really appreciate it.

0:45.1

Scott and I are here to make financial independence less scary, less just for somebody else,

0:50.4

and show you that by following the proven steps you can put yourself on the road to

0:54.0

early financial freedom and get money out of the way so you can lead your best life.

0:57.8

That's right. Whether you want to retire early and travel the world, go on to make big-time

1:01.8

investments in assets like real estate

1:03.4

start your own business or simply get your financial house from order will help you

1:07.3

build a position capable of launching yourself towards those dreams. The contents of this podcast are informational in nature and are not legal or

1:24.8

tax advice and neither Scott nor I nor bigger pockets is engaged in the provision of

1:29.8

legal tax or any other advice. You should seek your own advice from professional

1:34.0

advisors including lawyers and accountants regarding the legal, tax, and

1:38.0

financial implications of any decision you contemplate. That's right. That's

1:42.2

Middy's way of saying that everything you hear today is for entertainment

1:45.4

purposes only and not to be trusted in any format so with that let's go ahead and bring in Nick.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.