33 min listen
226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?
226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?
ratings:
Length:
87 minutes
Released:
Aug 27, 2021
Format:
Podcast episode
Description
Sometimes having a lot of cash can be dangerous. Would you rather be sitting on months (or even years) worth of emergency reserves or have your money be challenging inflation by sitting in investments like index funds or real estate? This is the question that many people have, and also one that today’s guest, Phil, is having as well.Phil and his wife live in a relatively low cost area and bring in a very solid income. They’ve been maxing out HSAs, 401(k)s, and other accounts all while having a significant amount of cash on the sidelines, just waiting for the right investment. While Phil wants to go into an unconventional type of real estate investing, both Scott and Mindy believe he should focus on the long-term goals he has set for himself and find asset classes that fit within his strategy. In This Episode We CoverHow much is too much of an emergency fund?Selling tradelines and the risks/rewards that come with it Why investing in traditional-layout houses presents you with multiple exit strategies Solo 401(k)s, IRAs, HSAs, and other retirement accounts Creating a reasonable timeline to act on an investment, instead of losing money to inflationUnderstanding what a good rent-to-price ratio is for your areaAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 27, 2021
Format:
Podcast episode
Titles in the series (100)
#06: Fearlessly Paying off Massive Student Debt on $30,000 per Year with Sarah Wilson: Are you tired of hearing success stories from folks who are earning $60,000, $80,000, or even $100,000 or more paying off debt and moving toward financial freedom? Where’s the inspiration for the folks out there that do not earn above average... by BiggerPockets Money Podcast