33 min listen
320: Finance Friday: How to Invest When the 20-Year Grind Pays Off
320: Finance Friday: How to Invest When the 20-Year Grind Pays Off
ratings:
Length:
68 minutes
Released:
Jul 22, 2022
Format:
Podcast episode
Description
Retirement strategies range from simple index fund investing all the way to full-on real estate development deals. What works for some investors won’t work for others. What’s most important to you is knowing what will or won’t work for your lifestyle. Some workers can easily do a couple of fix and flips on the side to generate income, while you may have a sixty-hour workweek, without a lot of free time to start investing in more intense asset classes.Chris feels just like this. As a working professional with a hectic schedule, he's concerned that he can’t participate in more “active” income-generating projects like real estate investing. He's been grinding for decades, making decent money but funneling much of it to pay off expensive student loan bills. When his wife sold her business, an unexpected windfall profit resulted, leaving the couple with more options than they thought.Now they want to “back into retirement” as easily as possible, while still making wealth-building moves. What’s the best option for them? Stocks, real estate, or focusing on work so they can build a large cash reserve? While Scott and Mindy can’t answer this question for him, Chris is presented with a few good options that’ll help him become a multimillionaire in only a few short years.In This Episode We CoverBuying and selling a business, plus some lucrative exit options for when you decide to sellShort-term rental investing and why big profits usually come with big-time commitmentsThe “perfect” retirement portfolio and how to build your assets around your lifestylePlanning for your child’s college and how to invest risk-free while taking tax-advantagesWhether to invest in pre or post-tax retirement accounts when you’re coming close to retirement ageSerious side hustles that’ll help you achieve the “four-week work year”And So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Subscribe to The “On The Market” YouTube ChannelListen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsCheck Out Mindy’s 2022 Live Spending Tracker and BudgetFinance Friday: How to Get to Early Retirement Even FasterThe “Perfect” Investment Portfolio for Early Retirement w/Ask The Money CoachBonds: The Perfect Inflation Hedge (with One BIG Caveat)Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 22, 2022
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