435: Ask Mindy and Scott: Early Retirement, Asking for a Raise, and Stolen Money

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 28 July 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is early retirement healthcare crushing your budget? Are you tired of getting your standard two percent raise every year? What do you do when a “friend” borrows money and never pays you back? Some personal finance questions aren’t easily answered online. Instead, you need time-tested money experts to give their takes on the best moves to make. And in today’s episode, Mindy and Scott will do just that, taking questions from BiggerPockets Money listeners and answering them so you can reach financial freedom faster. This time, we’ve got a couple of uncomfortable positions you probably wouldn’t want to be in. One listener has a friend who asked for a loan and then almost immediately stopped paying, with the “friend” never to be seen again. Another question concerns a parent wanting to be paid back for student loans they took out in their name. Mindy and Scott then share a creative way to pay off credit card debt and give options on the BEST place to find post-retirement (but pre-sixty-five years old) healthcare. Finally, Scott puts on his CEO hat and shows you exactly how to ask for a raise! Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or click here to submit your question on our next Q&A episode! In This Episode We Cover What to do when someone owes you money (and WON’T pay it back) Student debt and whether or not you’re responsible for the loans your parents took out Early retirement health insurance and how to find affordable coverage before Medicare kicks in Knowing your market value and what to do when your employer can’t pay you more How to ask for a raise and the easiest way to identify whether you’re “essential” or not Creative ways to pay off your credit card debt when interest rates are high And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Register for an Upcoming InvestHER Event Money Moment Millennial Revolution Part 1 Millennial Revolution Part 2 Erin Lowry on Asking for a Raise 18 Options for Healthcare in Early Retirement with Lynn Frair How to Ask for a Raise (and Actually Get It!) w/Kassandra Dasent Submit your question for our next Q&A episode Click here to check the full show notes: https://www.biggerpockets.com/blog/money-435 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pog its Money Podcast where we answer tough money questions from our audience.
0:05.9	Kind of like a financial advice column. Think of this as a different kind of finance
0:10.8	Friday. Hello, hello, hello. My name is Mindy Jensen and with me, as always,
0:14.7	is my has the all the tough money answers co-host, Scott Trech.
0:19.6	I'd like to be here with my dear Mindy co-host, Mindy Jensen.
0:23.2	Scott and I are here to make financial independence less scary, less just for somebody else.
0:28.0	To introduce you to every money story because we truly believe financial freedom
0:31.5	is attainable for everyone no matter when or where you're starting.
0:34.8	That's right. Whether you and a retire early in travel the world go on to make big-time investments
0:38.3	in assets like real estate, start your own business, or think through a variety of tough
0:42.8	money problems. We'll help you reach your financial goals and get money out of the way.
0:46.4	So you can launch yourself towards your dreams.
0:48.4	Scott, I love our new segment of the show called Money Moments where we share a money hack tip or trick
0:53.9	to help our listeners on their financial journey. Today's money moment is
0:58.8	travel during the shoulder season. This is the time between the high season and the low season
1:04.6	when tourism is typically at a low points in spring and autumn normally fall under this category.
1:10.4	You'll be able to snag deals before the location gets too busy.
1:14.4	Do you have a money tip for us? Email money moment at biggerpockets.com.
1:18.8	Scott, I really like this episode today. We don't have a guest. Instead,
1:23.1	you and I are answering listener questions. In this episode, we answer questions regarding
1:28.2	giving a friend alone, financial aid payback, health care for early retirees, and how to ask for a raise.
1:35.1	Yeah. So if you, you know, we love your feedback on this and we'd love to get your question.
	...

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