1080: Why Real Estate Made Me A Millionaire and Investing In Stocks Did Not by Julie Broad with MyWifeQuitHerJob

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 23 February 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Julie Broad with My Wife Quit Her Job shares why real estate made her a millionaire and investing in stocks did not. Episode 1080: Why Real Estate Made Me A Millionaire and Investing In Stocks Did Not by Julie Broad with MyWifeQuitHerJob Steve Chou of My Wife Quit Her Job carries both a bachelors and a masters degree in electrical engineering from Stanford University, but spent a good portion of his graduate education studying entrepreneurship and small business. When he and his wife had a child, they launched an online store to supplement their income, and quickly replaced Steve's wife's income stream through the new business. Steve blogs about it all at MyWifeQuitHerJob.com The original post is located here: https://mywifequitherjob.com/why-real-estate-made-me-a-millionaire-and-investing-in-stocks-did-not/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1080.
0:03.6	Why Real Estate made me a millionaire and investing in stocks did not.
0:07.6	By Julie Broad with my wife quit her job.
0:11.0	And I'm Dan, I am your host here at optimal finance daily. Welcome back and this is of course where I read to you from some of the best personal finance blogs on the planet.
0:20.0	And before we get into our post today from Julie, have you subscribed to our other four narration
0:24.2	podcasts?
0:25.2	We cover personal development and minimalism, health, business, and relationships on those other
0:30.1	four shows, so just search for optimal living daily wherever you're hearing
0:34.0	this to find all of them. But for now let's get right to the post for today as
0:38.0	we optimize your life.
0:49.5	Why Real Estate Made Me a Millionaire and Investing in Stocks did not, by Julie Broad with my wife quit her job.com.
0:52.3	Martin, our money man and main investing partner,
0:55.0	emailed us last night and said simply,
0:57.0	I've pretty much lost it all.
0:59.0	We'd been shopping for a commercial property to buy to diversify our investments, Martin has partnered with
1:04.4	us on four different residential properties and had agreed to once again partner with us on this
1:09.0	commercial property. But that was before. It was before the markets crashed and Martin lost his six-figure down payment.
1:16.0	Now, sitting on pennies, okay not quite, but definitely not enough to make a down payment on a million dollar industrial property, Martin is probably really
1:24.7	wondering what so many other people do. Is real estate a much better investment than stocks?
1:30.4	My answer is always a resounding, it depends, or diversification is best.
1:35.0	But if you change the question and ask me where my money is invested,
1:39.0	90% of my money and my net worth resides in real estate, even excluding my current home.
	...

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