232: Finance Friday: What Would You Do With an Extra $100k Per Year?

232: Finance Friday: What Would You Do With an Extra $100k Per Year?

Kari and her wife made some big moves over the past few years. They packed up their stuff and left the San Francisco Bay Area for a relocation in the midwest. Unlike the Bay Area, the Midwest has many affordable housing options with plenty of chances to house hack. So, that’s exactly what the couple did! They bought a duplex in rough condition, put in close to $80,000 of renovations, and now get $900 a month from the side they’re renting out. Although this renovation allowed them to live for free, it put a $66,000 hole in their pockets, which they recently just paid off. Without much retirement savings or investments in general (save the house hack), Kari is wondering what she can do to maximize the extra $100,000 in after-tax income she and her wife bring in every year. Should she go the index funds route, buy another rental, or help her wife pursue her dreams by investing in a restaurant? Scott and Mindy give Kari a lot of ideas in this episode, many of which could help you as well! In This Episode We Cover Using “strategic debt” to grow your investments and income Planning your future finances when trying to start a family Investing in your 401(k), Roth IRA, Self-Directed 401(k), and other investment accounts Using the “Live in Flip” model to avoid paying capital gain taxes Why you shouldn’t diversify when you are in a low to moderate net worth category And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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83: Buying Your First House with Scott & Mindy

83: Buying Your First House with Scott & Mindy

Buying your first home - either an investment or a primary residence - can be scary. This is a HUGE purchase, and no one wants to mess that up. But buying a house doesn’t have to be scary, if you’re p...

29 Juli 20191h 20min

Money Dates, Prenups & Combining Finances with Aditi Shekar

Money Dates, Prenups & Combining Finances with Aditi Shekar

Talking to your partner about money can be very difficult - especially when you’re bringing up the conversation for the first time. Today, we’ve brought Aditi Shekar back to discuss finances from a co...

23 Juli 201938min

82: Early Money Lessons Create Healthy Money Experiences with Aditi Shekar

82: Early Money Lessons Create Healthy Money Experiences with Aditi Shekar

Aditi Shekar learned entrepreneurship at a very early age - when she asked her father for a toy and he said no, make your own money. She’s been creating businesses ever since. Her father’s advice wasn...

22 Juli 201958min

81: The Basics of Investing with Erin Lowry from Broke Millennial

81: The Basics of Investing with Erin Lowry from Broke Millennial

Erin Lowry last joined us on Episode 24 of the BiggerPockets Money Podcast, where she talked about getting Financially Naked with your partner. She’s back today to talk about investing - and all the t...

15 Juli 201956min

What’s Your Why of FI?: Recorded Live at CampFI

What’s Your Why of FI?: Recorded Live at CampFI

This Bonus Episode of The Money Podcast was recorded live at CampFI, a financial independence retreat for people on all parts of the journey to Financial Independence. Scott Trench was celebrating his...

13 Juli 201950min

80: Managing Money: How a Saver & a Spender Are Living Happily Ever After with Rich & Regular

80: Managing Money: How a Saver & a Spender Are Living Happily Ever After with Rich & Regular

Kiersten and Julien came from two very different money backgrounds. She’s the naturally spendy one, and he’s the natural saver. Their money views came to a head on their first vacation, when she put e...

8 Juli 20191h 2min

79:  Financial Freedom Through Decades of Hard Work and Hustle with Carol Scott

79: Financial Freedom Through Decades of Hard Work and Hustle with Carol Scott

Carol Scott has a successful real estate investing company that she runs with her husband, Jay. They have two children, live where they want, and just in general enjoy life on their own terms, free fr...

1 Juli 20191h 7min

78: How to Talk to Your Parents About Money with Cameron Huddleston

78: How to Talk to Your Parents About Money with Cameron Huddleston

Parents are supposed to know everything, and talking about money is impolite. So how do you make sure your parents are taken care of and that their wishes are followed throughout their golden years? T...

24 Juni 20191h 7min

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