Should You Pay Off Your Mortgage or Invest? (Best Choice for FIRE)
Pay off your mortgage or invest? If you're pursuing FIRE, you've wrestled with this question. A paid-off house means thousands extra in your pocket each month and a lower FIRE number. But investing that same money could build significantly more wealth and get you to FIRE with a bigger nest egg. So which strategy wins?
To help you decide, Scott built a brand-new mortgage calculator that accounts for interest rates, investment returns, and taxes. He and Mindy use it to analyze real-world scenarios—high mortgage balances, different life stages, various risk tolerances—proving there's no one-size-fits-all answer.
In this episode, you'll learn:
Who should prioritize paying off their mortgage early
The hidden pros and cons of each strategy
Why your timeline to FIRE changes everything
How to use Scott's calculator for your specific situation
Different paths for those retiring soon versus decades away
Whether you want maximum wealth for a luxurious retirement or just want to quit your job as fast as possible, we've mapped out strategies for both.
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How to Build a Tax-Efficient Portfolio (Advanced Strategies)
Most people think index funds are the only path to financial independence—and they'll get you there in 15-20 years. But what if you could get there faster?
In this episode, Mindy Jensen and Scott Trench team up with John Bowens from Equity Trust to reveal advanced portfolio strategies that can accelerate your FIRE timeline.
This episode covers:
Strategic allocation across your Roth IRA, HSA, and 401(k) to maximize tax advantages
How to hold alternative investments like real estate, private equity, and crypto inside tax-advantaged accounts
Tax loss harvesting strategies that can save you thousands
Managing physical gold within retirement accounts
Balancing aggressive and conservative investments for optimal growth
Advanced tactics for tax-efficient portfolio optimization
Whether you're building wealth aggressively or protecting what you've already built, this episode gives you the roadmap to optimize every account for maximum tax efficiency and long-term growth.
And SO much more!
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How Can Paul Fast Track to FIRE by 45? ($1.6M Net Worth)
Paul has a $1.6 million net worth at 40 years old—impressive by any standard—but he's stuck wondering: Can I retire in the next 5-6 years?
In this episode of BiggerPockets Money, Paul shares his journey from debt payoff to building substantial rental income during COVID-19. Now he's sitting on significant equity, strong cash flow, and a critical question: What's the fastest route to FIRE?
Hosts Mindy Jensen and Scott Trench dive deep into Paul's complete financial picture—his income, expenses, real estate portfolio, and debt—to map out his optimal path to early retirement. Should he pay down mortgages? Buy more properties? Pivot to index funds? They explore every angle to help Paul retire by 45-46.
This episode covers:
Paul's complete financial breakdown: income, expenses, assets, and liabilities
How Paul pivoted to real estate investing during COVID-19 and built rental income
The mortgage payoff vs. investing debate for someone close to FIRE
Whether Paul should buy more rental properties or shift to index funds
Optimizing Paul's portfolio to retire in 5-6 years
Tax strategies and withdrawal planning for early retirement
The trade-offs between cash flow and equity in a real estate portfolio
Bridge account strategies to access wealth before 59½
If you're wondering how to accelerate your own FIRE timeline when you're already doing well financially, this episode is packed with actionable strategies you can apply to your situation.
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How to Avoid (or Escape) the Middle-Class Trap and Retire Early
You're doing everything right—buying a house, maxing out your 401(k), investing in real estate—but what if these "smart" money moves are actually trapping you in your job? It's the paradox plaguing the FIRE community: you could be a millionaire on paper but can't afford to retire because all your wealth is locked up.
Welcome to the BiggerPockets Money podcast! In this episode learn what the middle class “trap” is, why it happens, and most importantly, how to escape it. Scott and Mindy use the example of 'Sam,' a diligent saver, to explain the practical strategies for achieving financial independence, whether through Coast FIRE, Roth conversion ladders, 72(t) distributions, or more aggressive frugality and saving. They also address both the critiques and supporters of this notion, providing actionable advice for anyone feeling financially stuck despite their best efforts.
00:00 Are You in the Middle Class Trap?
00:30 What is the Middle Class Trap?
00:57 The “Ideal” Retirement Portfolio
05:12 The Controversy of the Middle Class Trap
08:53 Strategies to Escape the Trap
18:26 Advanced Financial Strategies
28:06 Mindy and Scott’s Early Retirement Roadmap
34:31 Share YOUR portfolio
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From Making $28,000/Year to FI in 5 YEARS
One rental property changed everything. Deandra was drowning—working multiple jobs, crushed by student debt, teaching full-time with no end in sight. Then she bought her first property with just $4,000, and within four years, she walked away from teaching forever.
Today, Deandra reveals the exact strategy she used to go from broke teacher to financially independent real estate investor. You'll hear how she leveraged house hacking to buy her first two-bedroom townhouse, scaled into multi-family properties, and discovered an overlooked rental strategy that produces killer returns while most investors ignore it.
The best part? She's proof you don't need a massive down payment or a high income to start. If you've been waiting for the "perfect time" to invest in real estate, this episode will show you how to take action with whatever you have right now.
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For those who have money… or want more of it!
Join Mindy Jensen and Scott Trench (from BiggerPocketsMoney.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.
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