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What to Do With a Large Lump Sum Of Cash or an Inheritance (How to Invest a Big Bank Roll!)

What to Do With a Large Lump Sum Of Cash or an Inheritance (How to Invest a Big Bank Roll!)

FromThe Personal Finance Podcast


What to Do With a Large Lump Sum Of Cash or an Inheritance (How to Invest a Big Bank Roll!)

FromThe Personal Finance Podcast

ratings:
Length:
33 minutes
Released:
Aug 18, 2021
Format:
Podcast episode

Description

67. What to Do With a Large Lump Sum Of Cash or an Inheritance (How to Invest a Big Bank Roll!)

We launched a Youtube Channel! Check it out here. Master Money on YouTube.

Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. You can also ask questions on TikTok @mastermoneycoe from me. 

Sponsors

Thank you to Fundrise for Sponsoring this Episode! Check them out a fundrise.com/personalfinance 

Thanks to Ladder for sponsoring this episode! Go to Ladderlife.com/pfp to learn more! 

Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping!

Thanks to Mini Cooper for sponsoring the show! Check them out at miniusa.com.


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Today We Discuss: 

How to handle taxes with a large lump sum.

Where to put a large lump sum of money.

Should you invest the money in the market?

Should you invest your cash in real estate? 

How to Invest an Inheritance.

How to Invest the profit from selling your house.

How to Invest the money you made from a business.


More Episodes You Will Love: 

The Stairway to Wealth (Where to Put Your Money In Order!)

How to Become a Roth IRA Millionaire

How to Become a 401(k) Millionaire


IRS Qualified Medical Expenses 
The Fastest Way to pay off Debt 
How to Run the Numbers on a rental Property 
How to Spend Money on Things That Bring You Value (Live Your Best Life!)

Check out all the Stuff I Recommend! 



M1 Finance Open a Roth IRA


Personal Capital Free Wealth Management + Budget App and Fee analyzer! 



CIT BANK (Best Savings Account)


Best Personal Finance Books 
The Simple Path to Wealth - J L Collins 
The Millionaire Next Door - Thomas Stanley
I Will Teach You To Be Rich - Ramit Sethi 
Rich Dad Poor Dad - Robert Kiyosaki


** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. 

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Released:
Aug 18, 2021
Format:
Podcast episode

Titles in the series (100)

Andrew Giancola from Master Money and Dollar After Dollar reveals all of his personal finance, money, investing, business strategies, income sources, stock, and real estate investing tips so that you can build more wealth than you ever thought possible. Discover how to increase your income at your job and create multiple passive income streams that work for you, so you have the time and freedom to do what you love. Whether that’s travel, or having freedom from your day job. Since 2013, Andrew has been sharing the wins and losses of his personal finance journey. You will learn how to invest to create wealth in stocks, index funds, real estate, building businesses, and side-hustles. You will learn how to save more money, get a raise, set up simple budgets, build habits, personal growth, and money hacks that will take you to the next level with your finances. Take control of your money so you can live a stress-free, rich life. Anyone can be wealthy, Andrew will show you how. Hit subscribe and get ready to change your life.