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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25: Raising a Family While Seeking Financial Freedom with Chris and Debbie Emick

25: Raising a Family While Seeking Financial Freedom with Chris and Debbie Emick

Chris and Debbie Emick have two daughters—AND are well on their way to financial independence through a combination of local and long distance real estate investing coupled with frugality and consciou...

18 Juni 20181h 8min

24: Getting Financially “Naked” with Your Significant Other — With Erin Lowry

24: Getting Financially “Naked” with Your Significant Other — With Erin Lowry

Erin’s parents taught her about money from a very early age. She paid for half of everything she wanted, which helped her figure out financial prioritization. When it came time for college, she decide...

11 Juni 20181h 9min

23: A Mini-Retirement Road Trip in Your 20s with Becky & Noah

23: A Mini-Retirement Road Trip in Your 20s with Becky & Noah

Becky and Noah are in the first half of their gap gear, a pre-FI road trip around America. They didn’t grow up rich, but they carefully planned out their life to avoid student debt. Both earned the sa...

4 Juni 201857min

22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

Student loan debt is a HUGE problem facing millions of people - and it continues to grow every year. Today we are joined by Travis Hornsby from Student Loan Planner who shares several options for payi...

28 Maj 20181h 10min

21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Gayden

21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Gayden

Tony Gayden grew up in a lower middle class household where money and finance were not discussed. He sought comfort in food, eventually reaching 476 pounds and drowning in debt. In this episode, Tony ...

21 Maj 20181h 16min

20: The Simple Path to Wealth—Index Funds Explained with JL Collins

20: The Simple Path to Wealth—Index Funds Explained with JL Collins

Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, havin...

14 Maj 20181h 18min

19: The Ultimate Real Estate Retirement Plan with Chad Carson

19: The Ultimate Real Estate Retirement Plan with Chad Carson

Chad Carson has never had a “real job.” Instead, he has parlayed his experience helping with his father’s rental business into his own real estate rental business. Now, Chad owns enough real estate th...

7 Maj 20181h 11min

18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist

18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist

Early retirement is a goal many people have. Diligently saving for retirement age to fund your life after you stop working is great, but the same programs that help you avoid taxes while saving come b...

30 Apr 20181h 33min

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