Many people struggle with money anxiety, even those in the FIRE community. Your money fears could keep you on the sidelines, or it could have the opposite effect, making you ultra-conservative with your retirement savings. Today, we’re diving into five of the most common financial fears, whether they’re worth fretting about, and what to do about them!
Welcome back to the BiggerPockets Money podcast! Do you ever worry about your finances? You’re not alone! Maybe you’re concerned about your FIRE number being too low and running out of money in retirement. Maybe you’ve wondered whether you’ll ever be able to afford a house or if the “grind” to financial independence is even worth it. We’ve pulled the most common concerns about money and are going to respond to each of them in today’s show!
Tune in to learn how much money you actually need to comfortably retire, how to deal with burnout on the journey to FIRE, and if you’re “missing out on life” by practicing frugality in your youth. Scott and Mindy will even debate whether the returns from real estate investing are worth the trouble of managing rental properties!
Mindy:
Nobody in the PHI community has all of the answers. What might keep you up at night may be a really easy answer for somebody else. Today we’re looking at your money fears. Yes, that’s right. These are fears from our dear listeners, Scott and I will give our take and we’d also love to hear from you. Hop on over to YouTube or on our Facebook group to give your take on these questions too. Hello, hello, hello and welcome to the BiggerPockets Money podcast. My name is Mindy Jensen, and with me as always is my fearless co-host, Scott Trench.
Scott:
Thanks, Mindy. Great to be here. I don’t know how it gets better than this. We’re going to go headfirst fearless. It’s the most common money fears that we have on BiggerPockets money. Hopefully you got that. If you’re a Taylor Swift fan, I was of the first two albums at…