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531: Financial Freedom in 9 Steps: The Money Guy’s Financial Order of Operations

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Manage episode 419924569 series 1900058
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you follow these nine steps, you will reach financial independence. How do we know? Well, The Money Guy Show’s Brian Preston and Bo Hanson have tested it hundreds of times! Using this simple but extremely powerful “financial order of operations,” anyone from any background can achieve FIRE, even starting with nothing. From free money to becoming easily debt-free, building a solid financial foundation, and even paying off your mortgage early, Brian and Bo break down the exact route to financial freedom anyone can take.

But first, we’ll discover if you’re a “financial mutant.” The fact that you’re listening to BiggerPockets Money already proves that you might be. But for those who have struggled with high-interest credit card debt, low savings, and lackluster investing, this episode has EVERYTHING you need to become a financial powerhouse by making nine smart money moves.

We’ll walk through the entire financial order of operations, from saving money to cover your deductibles to building an emergency reserve, paying off bad debt, and the “hyper-accumulation” stage you must reach to watch your net worth explode. If you’re ready to take the steps to realize financial freedom in the not-so-distant future, stay with us and grab Brian’s newest book, Millionaire Mission!

In This Episode We Cover

The nine-step "financial order of operations" that will lead you to financial independence

Why building a $1,000 emergency fund is NOT enough and how much you really need

Whether or not to pay off your “high-interest” debt depending on your age

Why Brian and Bo advise people NOT to invest in real estate until they’re at THIS stage

The one investment account to max out before all the rest (it’s NOT your 401(k)!)

The “hyper-accumulation” stage that will explode your wealth (IF you can reach it)

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggePockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Find an Investor-Friendly Agent in Your Area

Find Investor-Friendly Lenders

Property Manager Finder

BiggerPockets Money 404 - How to Build Wealth in Three Simple Steps w/The Money Guy Show

BiggerPockets Money 510 - Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

Grab Brian’s New Book, “Millionaire Mission”

00:00 Intro

01:38 Financial "Mutants" Among Us

02:52 The Financial Order of Operations

05:54 Cover Your HIGHEST Deductible

07:38 Get Your Employer Match

09:49 Build an Emergency Reserve

11:11 Paying Off "High-Interest" Debt

22:23 DON'T Invest in Real Estate?

28:34 "Hyper-Accumulation" of Wealth

36:47 Prepay Future Expenses

38:22 Pay Off LOW-Interest Debt

46:11 Grab the New Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-531

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

559 episodes

Artwork
iconShare
 
Manage episode 419924569 series 1900058
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you follow these nine steps, you will reach financial independence. How do we know? Well, The Money Guy Show’s Brian Preston and Bo Hanson have tested it hundreds of times! Using this simple but extremely powerful “financial order of operations,” anyone from any background can achieve FIRE, even starting with nothing. From free money to becoming easily debt-free, building a solid financial foundation, and even paying off your mortgage early, Brian and Bo break down the exact route to financial freedom anyone can take.

But first, we’ll discover if you’re a “financial mutant.” The fact that you’re listening to BiggerPockets Money already proves that you might be. But for those who have struggled with high-interest credit card debt, low savings, and lackluster investing, this episode has EVERYTHING you need to become a financial powerhouse by making nine smart money moves.

We’ll walk through the entire financial order of operations, from saving money to cover your deductibles to building an emergency reserve, paying off bad debt, and the “hyper-accumulation” stage you must reach to watch your net worth explode. If you’re ready to take the steps to realize financial freedom in the not-so-distant future, stay with us and grab Brian’s newest book, Millionaire Mission!

In This Episode We Cover

The nine-step "financial order of operations" that will lead you to financial independence

Why building a $1,000 emergency fund is NOT enough and how much you really need

Whether or not to pay off your “high-interest” debt depending on your age

Why Brian and Bo advise people NOT to invest in real estate until they’re at THIS stage

The one investment account to max out before all the rest (it’s NOT your 401(k)!)

The “hyper-accumulation” stage that will explode your wealth (IF you can reach it)

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggePockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Find an Investor-Friendly Agent in Your Area

Find Investor-Friendly Lenders

Property Manager Finder

BiggerPockets Money 404 - How to Build Wealth in Three Simple Steps w/The Money Guy Show

BiggerPockets Money 510 - Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

Grab Brian’s New Book, “Millionaire Mission”

00:00 Intro

01:38 Financial "Mutants" Among Us

02:52 The Financial Order of Operations

05:54 Cover Your HIGHEST Deductible

07:38 Get Your Employer Match

09:49 Build an Emergency Reserve

11:11 Paying Off "High-Interest" Debt

22:23 DON'T Invest in Real Estate?

28:34 "Hyper-Accumulation" of Wealth

36:47 Prepay Future Expenses

38:22 Pay Off LOW-Interest Debt

46:11 Grab the New Book!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-531

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

559 episodes

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