13 – How Mindy Jensen’s frugality is leading to a million dollar net worth

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If you’ve ever had a distaste for frugality, this is the episode for you.

Today’s guest has a background in fashion design, but could care less about fashion. Mindy Jensen is the community manager at BiggerPockets.com. She shops at thrift stores, and keeps expenses as low as possible. If this sounds like torture to you, it’s actually the opposite. She does this so that she can spend heavily on areas that matter to her.

In this episode we talk about paying off $60,000 in 5 years, why everyone should embrace frugality, why she doesn’t care about fashion despite studying fashion design, how she and her husband invest and flip in fixer upper homes, and she even shares how she carried drywall in her car at one point.

KNOWLEDGE BOMBS

[bctt tweet=”Save money where it doesn’t matter, so you can spend it where it does matter. -@MindyatBP #KnowledgeBomb” username=”whitneyhansenco”] [bctt tweet=”I’m not giving anything up. I’m just switching it around. -@MindyatBP#KnowledgeBomb” username=”whitneyhansenco”] [bctt tweet=”I don’t care if people think I have a crappy car. I’ve got a big bank account. -@MindyatBP #TheMoneyNerdsPodcast” username=”whitneyhansenco”]

SHOW NOTES

  • Free money tracker
  • What being frugal means to Mindy’s family
  • Investment strategy that allowed her family to hit retirement goals sooner
  • Real estate investing in fix and flippers
  • What to do if you are trying to get out of debt
  • Thrift shopping tips and how to find inexpensive clothes for a fraction of the cost
  • Why saying no to your kids is critical

And much more! If you are now part of #TeamMindy, check out the community she manages for more money inspo.

#MONEYWIN

Danielle-  waited to sell her snowboard until this winter and got more out of it. (She’s doing this to help fund her upcoming one year living internationally trip.)   #moneywin

Lauren- didn’t take out any debt for the holidays and only stuck to purchasing gifts for her family and grandparents. #moneywin

Share your money wins by tagging me on Twitter (@whitneyhansenco) or Insta (@whitney_hansen_co) or the private Facebook Group and using tag #MoneyWin for a shout out and recognition you deserve!

CLOSING STUFF

Thanks for listening. Don’t forget to subscribe to the podcast and leave a review. It means the world to me!

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