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BiggerPockets Money Podcast

Is Investing Ethical? How to Invest Without Compromising Your Values

BiggerPockets Money Podcast

BiggerPockets

Investing, Business, Education

4.5 • 3K Ratings

🗓️ 26 June 2026

⏱️ 30 minutes

🧾️ Download transcript

Summary

Is investing ethical? Can you build wealth, pursue financial independence, and still invest according to your values? Scott and Mindy tackle one of the biggest questions in personal finance, exploring ethical investing, ESG investing, capitalism, index funds, and the moral trade-offs that come with building long-term wealth. They discuss whether investing in companies like Tesla, Costco, or tobacco companies can ever be ethical and how to think critically about aligning your portfolio with your beliefs. The conversation also examines whether pursuing financial independence is itself an ethical goal. This episode offers a thoughtful framework for making investment decisions that reflect your principles. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/ Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney We believe financial independence is attainable for anyone no matter when or where you’re starting. Let’s get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We put out a call to our audience for their burning questions, and two listeners essentially

0:04.7

ask the same thing.

0:06.1

How do you invest ethically?

0:07.9

So today, Scott and I are sharing how we think about ethical investing, not to tell you what

0:12.4

to do, but to help you think through how to build a portfolio that aligns with your own values

0:17.4

and supports your path to financial independence.

0:24.7

Thank you. own values and supports your path to financial independence. Hello, hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen,

0:28.9

and with me as always is my highly ethical co-host, Scott Trench. Thanks, Minnie. I'm excited

0:33.3

to do a good job answering these questions today on Bigger Pockets Money. So very excited to get into this.

0:38.4

This is a really important question.

0:39.7

I think it hangs up a lot of people.

0:41.5

I've gotten this question at least 10 times over the years from various Bigger Pockets

0:45.4

Money listeners, either themselves uncomfortable with participation in an economy that has

0:51.9

some bad actors, some businesses that they believe have questionable practices,

0:56.3

or some businesses that just are doing things that are not aligned with their values.

1:00.5

I've gotten this question from folks who are asking about,

1:03.5

hey, my friend told me that I'm evil for investing and participating in the evils of capitalism.

1:29.3

You know, they throw in words like slave labor and these other things that capitalism has enabled. How do I respond to that and justify what I'm doing here? I don't have a framework for doing that. And I feel bad about it. Parts of those arguments, you know, resonated with me. And so I think that's the question we're going to attempt to tackle today. And Mindy, and has that ever come up in your world to you as well? That hasn't come up quite so directly and strongly as, you know, saying that you're evil for investing.

1:37.3

But honestly, a good mental shift is you're never going to change that person's mind.

1:43.3

Don't ever talk about investing with that person again because they are clearly not going to listen to what you have to say.

1:50.2

They have made up their mind and they're not going to change it.

1:52.3

So, Mindy, what is your view on whether investing in a general sense, including in public or trade companies or index funds that own aggregations of public-a-traded

...

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