507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt

507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt

Everyone wants to reach financial independence as soon as possible. But if you really want to get on the path to early FI, you’ve got to start making savvy money decisions TODAY. And we’ve got a few tips, tricks, and tools that will help you out!

Welcome back to the BiggerPockets Money podcast! In this episode, Mindy and Amanda Wolfe are fielding questions from the r/PersonalFinance subreddit and delivering their best money tips for scenarios that YOU could easily find yourself in. First, we get into 401(k) accounts and some of the different ways to transfer funds when you leave your employer. We also go over some of the different strategies for budgeting, investing, and saving money that will help you reach financial freedom early.

But that’s not all! If you live in an area with a competitive housing market, we discuss whether you should ever waive a home inspection to help sweeten your offer. We even talk about the idea of buying a house outright versus going the route of a traditional mortgage. Is a large car payment thwarting your path to financial freedom? Stay tuned for a few creative ways to get rid of that bad debt for good!


In This Episode We Cover

Tips and tricks to help you reach financial independence early

What to do with a 401(k) account from a previous employer

Buying your home outright versus getting a traditional mortgage

Whether you should ever waive your home inspection when buying a house

Creative ways to eliminate car debt (and save thousands in the process!)

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

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Money Moment

Find an Investor-Friendly Agent in Your Area

Find Investor-Friendly Lenders

The Millionaire Fast-Track: How to Hit Financial Freedom Before 30

How to Pull Yourself Out of Car, Student, or Credit Card Debt

Fidelity Investments

She Wolf of Wall Street Website


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-507

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