Mindy and I are so grateful for the following sponsors who make Bigger Pockets Money possible.

Monarch is the all-in-one personal finance tool designed to make your life easier.

It brings your entire financial life, including budgeting, accounts, and investments,

your net worth and future planning together in one dashboard on your laptop or on your phone.

Start your new year on the right foot financially

and get 50% off your Monarch subscription with the code pockets. With automated weekly money

recaps and tracking progress toward future financial goals, it's easier than ever to stay financially

fit in the short and long term. Monarch helps me be proactive instead of just reactive with my finances. Its AI tools are built on

Monarch intelligence and get it right most of the time when auto categorizing most of my expenses.

Monarch is the all-in-one tool that makes proactive money management simple all year long.

Use the code pockets at monarch.com. That's 50% off your first year at monarch.com

with the code pockets. What if earning a median income isn't a disadvantage on the path to

financial independence, but instead a hidden advantage? Obviously, earning more income is

generally better for accelerating a journey to financial independence.

However, for those who don't start out with or currently have a higher income, there are some hidden

advantages that, if acted upon, can compound meaningfully over time.

We'll be breaking down all of those advantages today.

Hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen,

and with me as always is my started working towards financial independence at $50,000

income co-host Scott Trench. Thanks, Mindy. I was actually starting out at $48,000 and I felt like I was dished

a reasonably good starting hand. All right, today we're going to be breaking down how somebody with

a median income or maybe even a little lower can still achieve financial independence.

...