Recessions, Retirement, and Overcoming Your Biggest Money Fears

With so much going on—a recession, rampant inflation, rising interest rates—overcoming your money fears can be more challenging than ever before. The world is changing, and many of us feel like we’re being swept along with it. Our dollars are worth less, our retirement accounts have fallen sharply, and our cash is wasting away. What should we do when it feels like every financial move has a benefit and drawback attached to it? Should we even be making moves right now?

Don’t get overwhelmed with financial anxiety because today we’re bringing you an episode full of financial fixes for the everyday investor! We posted on the BiggerPockets Money Facebook Group a few months back, asking you which money fears keep you up at night. Now, we’ve got answers! Back on the show are J Scott and Kyle Mast! They join Mindy in giving solutions to your greatest financial fears.

J and Kyle give suggestions on topics ranging from rising home prices and the inability to become a homeowner to being nervous about how inflation is eating away at the dollar. We also touch on the age-old question of whether or not we’re doing enough right now to set us up for retirement and how a recession could affect our hard-earned assets. J, Kyle, and Mindy all give their suggestions on these situations and spill some of their own financial fears to show you that even the experts still worry like everyone else.

00:00 Intro
03:31 Our Biggest Money Fears
11:15 I Can't Afford a Home!
23:11 Not Having Enough to Retire
31:55 Is Inflation Eating Away My Cash?
45:21 Is a Pay Cut Worth Extra Personal Time?
46:29 Recessions and a Shaky Economy
01:01:22 Join the Money Community!

Show Notes at:
https://www.biggerpockets.com/blog/mo...
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Join the BiggerPockets Money Facebook Group:
  / bpmoney  
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/m...
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Our Facebook Post on Financial Fears:
  / 7878453925561810  
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Past Episodes with Kyle and J:
J (Syndications): https://www.biggerpockets.com/blog/bi...
J (Investing in ANY Market Condition): https://www.biggerpockets.com/blog/bi...
Kyle (Personal Finance Masterclass): https://www.biggerpockets.com/blog/bi...
Kyle (Retirement Planning): https://www.biggerpockets.com/blog/bi...
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Grab the BiggerPockets FIRE Planning Worksheet:
https://www.biggerpockets.com/files/u...
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Hear Our Interview with Michael Kitces:
https://www.biggerpockets.com/blog/bi...
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Bill Bengen’s Original 4% Rule Article:
https://www.retailinvestor.org/pdf/Be...
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Connect with J and Kyle:
J: https://linktr.ee/jscottinvestor
Kyle: https://www.kylemast.com/
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?u...
Finance Friday: https://www.biggerpockets.com/finance...
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Connect with J and Mindy on BiggerPockets:
J: https://www.biggerpockets.com/users/j...
Mindy: https://www.biggerpockets.com/users/m...

Episode 352

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