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?

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 Cover How 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 inflation Understanding what a good rent-to-price ratio is for your area And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Should You Keep or Sell Your House? (Best Choice for FIRE)

Should You Keep or Sell Your House? (Best Choice for FIRE)

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FI at 44 AFTER Taking a Year Off at 31

FI at 44 AFTER Taking a Year Off at 31

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The Four Fundamentals of Retirement Drawdown

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Why Early Retirement Means Paying Less in Taxes

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In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by tax experts Sean Mullaney and Cody Garrett to reveal how early retirement can actually be your sma...

23 Sep 202550min

Which FIRE Strategy is Best for You? (Lean to Fat FIRE)

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Join Mindy Jensen and Scott Trench on this episode of the BiggerPockets Money Podcast as they dive into the different types of FIRE. Financial Independence, Retire Early isn't a one-size-fits-all ap...

19 Sep 202533min

FI Faster by Making More and Spending Less Using "Geo-Arbitrage"

FI Faster by Making More and Spending Less Using "Geo-Arbitrage"

Discover how geo-arbitrage can double your investing power without requiring a raise, career change, or lottery win! In this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench a...

16 Sep 202545min

How to Save 50% of Your Income Without Sacrificing Your Lifestyle

How to Save 50% of Your Income Without Sacrificing Your Lifestyle

What if we told you that your path to financial independence isn't about picking the perfect stocks, timing the market, or earning a massive salary? In this revealing episode of BiggerPockets Money, h...

12 Sep 202530min

Mr. Money Mustache’s Simple Secret to Retiring Early in Your 30s

Mr. Money Mustache’s Simple Secret to Retiring Early in Your 30s

Pete Adeney, aka Mr. Money Mustache, joins BiggerPockets Money hosts Mindy Jensen and Scott Trench to break down the shockingly simple math behind early retirement. The man who started the FIRE moveme...

9 Sep 202557min

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