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BiggerPockets Money Podcast

262: Prenups, Projects, Prolific Spending, and Planning for 2022 w/ Carl & Mindy Jensen

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 31 December 2021

⏱️ 65 minutes

🧾️ Download transcript

Summary

Mindy may seem like a financial superhero to most listeners of the Money Podcast, but she’s nothing without her financial education inspiring partner, Carl Jensen. Carl is known quite well around the personal finance community as co-host of the Mile High FI podcast and writer over at 1500days.com. Carl and Mindy are just closing in on their twentieth anniversary, so there’s no better occasion to have them both on the show than right now! Surprisingly, Carl and Mindy didn’t talk about money for a significant time once they started dating. Mindy credits her faith in Carl’s money skills by how he acted more than how he spoke. Carl was driving around a used car, he lived in a house he inherited from his grandmother, and he used a coupon on their first date (smart move, Carl).  Now as a financial and romantic powerhouse, they both share thoughts on prenuptial agreements, protecting your wealth, 401k investing, and questions to ask a potential partner. Whether you’re single, dating, married, or a money-hoarding hermit, this episode sheds light on twenty years worth of money lessons learned so you can live a happier, more FI-focused life! In This Episode We Cover When a prenup is worth having and whether or not it will protect your wealth  The telltale “context clues” of dating someone who has a frugal mindset Frontloading your retirement accounts so you can build wealth faster The importance of tracking your expenses and regularly updating your FI number  Margin loans and getting low-interest debt on your stock portfolio When to start talking about money with a potential partner  And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Bigger Pog as Money Podcast,

0:02.1

show number 262, Finance Friday Edition,

0:05.6

best old Finance Friday Edition,

0:07.5

where I'm going to talk to Carl Jensen about our finances.

0:12.1

If I were to enter into a marriage with somebody else,

0:16.6

I now have something to protect.

0:18.6

Having a prenup would be something that I would want to do.

0:23.0

But back then, we really didn't have anything.

0:25.4

I mean, we had, what did we have?

0:26.8

Like $40,000 in student loan debt,

0:29.0

and I had a $40,000 condo.

0:30.5

Like, we really were pretty much nothing.

0:32.9

We had our love for each other,

0:34.8

and that's all we needed from it.

0:37.0

Hello, hello, hello.

0:37.8

My name is Nindi Jensen,

0:39.0

and with me today is the host of the Mile High Five podcast,

0:45.0

and the creative genius behind 1500days.com,

0:49.2

and all of the dinosaurs and fart jokes

0:51.2

you find over there.

0:52.6

Also, we've been married for like 20 years or something.

0:55.2

It has not been 20 years,

...

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