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How to Stay Rich During FIRE by Dodging the 4 Financial “Horsemen”

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Manage episode 472032502 series 2566047
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://ppacc.player.fm/legal.

You’ve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely. Unknown to most FIRE-chasers, four financial “horsemen” (of the personal finance apocalypse) could steal your wealth right out from under you, without you even realizing it. What are the four horsemen, and how are we protecting our FIRE portfolios from them?

To make sure you not only become wealthy but stay wealthy, we brought Whitney Elkins-Hutten, author of Money for Tomorrow, on the show to share the best ways to keep your portfolio safe from the four horsemen. Whitney scaled her portfolio from almost nothing to life-changing wealth, and she could have lost it all if she hadn’t learned how to protect it.

Mindy and Scott tag-team to show YOU how to protect your FIRE from these four horsemen, including sharing what they’re doing right now to set themselves up for a successful (and safe) financial future. Don’t let your wealth get drained before OR during FIRE; take these tips to heart ASAP!

In This Episode We Cover

The four “horsemen” that could destroy your FIRE lifestyle and disrupt your generational wealth

How Whitney went from accidental house flipper to financially-free investor

The overlooked investing “fees” that could cost you hundreds of thousands of dollars

Why you’re (probably) paying too much money for insurance (and how to start saving)

When (and when not) to pay off debt and which balances to prioritize first

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Follow BiggerPockets Money on Instagram

“Like” BiggerPockets Money on Facebook

BiggerPockets Money YouTube Channel

Grab Whitney’s Book “Money for Tomorrow”

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Sign Up for the BiggerPockets Money Newsletter

Find an Investor-Friendly Agent in Your Area

The Points Guy’s Travel Hacking Tips to Fly for FREE in 2025

Connect with Whitney

(00:00) Intro

(06:00) "Ownership" Makes You Rich

(10:09) Aggressively Investing in Rentals

(11:52) This Could Destroy Your Wealth

(19:07) Which Debt to Pay Off

(23:14) Save Thousands on Insurance

(30:23) This Could Delay Your FIRE

(37:08) STOP Being Scared of Taxes!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-617

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]

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

  continue reading

654 episodes

Artwork
iconShare
 
Manage episode 472032502 series 2566047
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://ppacc.player.fm/legal.

You’ve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely. Unknown to most FIRE-chasers, four financial “horsemen” (of the personal finance apocalypse) could steal your wealth right out from under you, without you even realizing it. What are the four horsemen, and how are we protecting our FIRE portfolios from them?

To make sure you not only become wealthy but stay wealthy, we brought Whitney Elkins-Hutten, author of Money for Tomorrow, on the show to share the best ways to keep your portfolio safe from the four horsemen. Whitney scaled her portfolio from almost nothing to life-changing wealth, and she could have lost it all if she hadn’t learned how to protect it.

Mindy and Scott tag-team to show YOU how to protect your FIRE from these four horsemen, including sharing what they’re doing right now to set themselves up for a successful (and safe) financial future. Don’t let your wealth get drained before OR during FIRE; take these tips to heart ASAP!

In This Episode We Cover

The four “horsemen” that could destroy your FIRE lifestyle and disrupt your generational wealth

How Whitney went from accidental house flipper to financially-free investor

The overlooked investing “fees” that could cost you hundreds of thousands of dollars

Why you’re (probably) paying too much money for insurance (and how to start saving)

When (and when not) to pay off debt and which balances to prioritize first

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Join BiggerPockets for FREE

Email Mindy: [email protected]

Email Scott: [email protected]

BiggerPockets Money Facebook Group

Follow BiggerPockets Money on Instagram

“Like” BiggerPockets Money on Facebook

BiggerPockets Money YouTube Channel

Grab Whitney’s Book “Money for Tomorrow”

Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025

Sign Up for the BiggerPockets Money Newsletter

Find an Investor-Friendly Agent in Your Area

The Points Guy’s Travel Hacking Tips to Fly for FREE in 2025

Connect with Whitney

(00:00) Intro

(06:00) "Ownership" Makes You Rich

(10:09) Aggressively Investing in Rentals

(11:52) This Could Destroy Your Wealth

(19:07) Which Debt to Pay Off

(23:14) Save Thousands on Insurance

(30:23) This Could Delay Your FIRE

(37:08) STOP Being Scared of Taxes!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-617

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]

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

  continue reading

654 episodes

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