443: The Entrepreneur’s Guide to FI: A Day in the Life of a Finance Blogger

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 21 August 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

A “wife-FI,” semi-retired finance blogger? It sounds like an exciting life, but what does it entail? Today’s guest didn’t arrive here overnight and doesn’t recommend it for everyone. What he does recommend, however, is identifying the type of financial independence you want and then working hard to achieve it! Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with J Money, one of the pioneering finance bloggers who started his journey toward financial freedom back in 2007. After catching the personal finance bug, J decided to document his progress on his blog Budgets Are Sexy. After selling the blog to The Motley Fool and buying it back a few years later, J now blogs for fun, spends time with his three kids, and otherwise goes with the flow. In this episode, J shares about the “wife-FI” lifestyle and how he invests his money for the long haul. He also opens up about his recent autoimmune disease diagnosis and how it affects his family’s finances today. As always, Scott and Mindy are here to tackle all kinds of financial topics—including the debate between renting and home ownership, paying off your home versus keeping a home loan, and how to invest amid a potential economic downturn! In This Episode We Cover A typical “day in the life” of a semi-retired finance blogger The pros and cons of owning versus renting your home When it makes sense to pay off your home or keep a mortgage Where to invest your money in a shaky economy Budgeting for monthly expenses and medical costs on one income 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 Mindy on BiggerPocket 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! Join The Real Estate InvestHER Community on Facebook Money Moment How to Get Rich Slowly and Retire Earlier Than Most with a Modest Portfolio Budgets Really ARE Sexy! With J. Money Click here to check the full show notes: https://www.biggerpockets.com/blog/money-443 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 Pockets Money Podcast, where we interviewed Jay Money from Budgets
0:04.8	Our Sexy and talk about Retiring, Unretiring, picking up an autoimmune disease and his current
0:11.1	portfolio.
0:12.1	Hello, hello, hello, my name is Mindy Jensen and with me as always is my definitely not
0:16.0	retired co-host, Scott Chent.
0:18.1	Great to be here with my fired but not fired, co-host Mindy Jensen.
0:22.6	Scott and I are here to make financial independence less scary, less just for somebody else, to introduce
0:27.8	you to every money story because we truly believe financial freedom is attainable for
0:32.0	everyone, no matter when or where you're starting.
0:34.8	That's right, whether you want to retire early and travel the world, go on to make big time investments
0:38.7	in assets like real estate, start your own business, sell that business, buy that business
0:43.2	back, and live the life of financially independent multi-millionaire, we'll help you reach your
0:47.4	financial goals and give money out of the way so you can launch yourself towards your dreams.
0:50.9	Scott, before we bring in Jay, we have a new segment of our show called The Money Moment,
0:56.0	where we share a money hack, tip or trick to help you on your financial journey.
1:00.4	Today's money moment is, okay, let's face it, birthday parties are expensive, especially kids
1:06.1	birthday parties between the venue, the cake, the decorations, and those darn goody bags,
1:10.7	things add up quick, write this down, Scott, you'll need this for later.
1:15.4	What if you could slash your budget, venue?
1:18.2	How about the local park or lake?
1:20.0	All kids want to do is play anyway.
1:22.5	Cake? Hello, Costco. Decorations?
	...

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