BiggerPockets Money Podcast13 Aug 2021

222: Finance Friday: Are You Too Over-Diversified In Your Investments?

Investments galore! This week, we talk to Jeana and Scott, a couple with a hefty amount of investments under their belt. We know what you’re thinking, “what type of stocks and real estate are they investing in?” This is where you might be surprised. Jeana and Scott are investing in three gyms, a gas and oil investment, a documentary, a 24-unit apartment building, a 52-unit apartment building, a senior care business, and...a $20,000 dog! Seriously! This is one of the most diversified couples we have ever had on the show! While it’s great to have investments spread out over multiple different asset classes, Scott and Mindy want to help the couple come up with a more systematized and formulaic approach to wealth building. Since they both have well-paying jobs, once they set up a “set it and forget it” type investment strategy, they won’t be too far away from reaching FI. If you’ve ever had an interest in running a memory care facility, dog breeding, or investment clubs, this will be a great episode to listen in on! In This Episode We Cover Diversifying your investments into multiple different asset classes Knowing which investments are likely to make a return and planning for those that won't Setting up a system for wealth creation so you can develop an early retirement plan Investing in multifamily real estate like apartment buildings and senior living homes Using government benefits to maximize wealth as quickly as possible Investing in an Airbnb property and which markets make the most sense for it And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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