182: I Have $X Amount, Where Do I Invest it? A 101 Investing Refresher

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 8 June 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Johnny and Sam take it back to ILAB basics with a 101 how-to on where to invest your money at various dollar amounts. A refresher and update for everyone out there who is looking for places to grow their hard earned money.

Listen to ILAB 182 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdk
Sam Marks – South Carolina/ IG @imsammarks
Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

Fundrise
Fundrise makes investing in private real estate as easy as investing in stocks, bonds or mutual funds. Get started in just a few minutes at Fundrise
Support Invest Like a Boss: Join our Patreon

Discussed:

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
Wealthfront – Get your first $15,000 managed free
PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

05:30 – How much money do you have in an emergency fund?
09:26 – Take it out of your free money, Company Matched 401K
14:17 – Manage your debt
17:35 – Individual Non-Taxable Account
28:22 – Looking back at your company and your employer
29:52 – It’s now time to start Investing
37:14 – Do what’s smart, stick to the script
40:00 – Look at diversification

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Transcript

Click on a timestamp to play from that location

0:00.0	What is up bosses? Before we kick off this episode, I want to tell you about our brand new sponsor
0:06.4	and I'm really happy that they are on Team ILab because it's a platform that Johnny, Sam,
0:13.5	and myself have all personally invested in. I'm talking about Funrise. They make investing in
0:18.9	private real estate as easy as investing in stocks,
0:22.6	bonds, or mutual funds. I'm going to tell you all about them during the break,
0:26.4	but if you want to check it out right now, just head over to funrise.com slash like a boss.
0:32.0	That's f-U-N-D-R-I-S-C dot com slash like a boss.
0:38.5	Funrise.com slash like a boss.
0:41.6	Let's kick off this episode.
0:43.2	Like I said, I'll tell you more during the break.
0:45.9	Welcome to the Invest Like a Boss podcast.
0:48.0	I'm Sam Marks and I'm Johnny FD.
0:50.0	We're self-made entrepreneurs who invest our own money and use modern technology to invest
0:53.5	like a boss.
0:54.1	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:05.1	Hey boss, this Johnny, and welcome to another episode of the Invest Like a Boss podcast.
1:51.0	I'm out here in Kyiv Ukraine Ukraine, actually about aboard a train in an hour to Harkev, Second City, and Sam is back in the U.S. in South Carolina. The Rebel State, baby. I'm back. Oh, yeah. I'm back. To all of our U.S. patrons, I'm back. They miss you. They miss you. Is that your house that you bought? This is the house I bought. Nice. And I know not a great representation I have. But this house is so nice. I love this place, man. You should actually see the desk that just got delivered 10 minutes before we kicked off recording this episode. Big beautiful mahogany desk. Nice. And I'll tell you what, I've now three wine coolers here that are packed with premium wines. It's spring. There's rabbits and deer running my
1:57.2	backyard. Tonight I'm going to make a fire pit and have some of the community over. It's just like, it's just such a beautiful, spring anywhere in most places, you know, and probably even in Kiev, it's just such a nice time of year. It is. It's just full of life. And I love the greens and the blues. It just brings it, it brings the twinkle to life, you know, twinkle to the eye,
2:17.9	twinkle to life. It's a beautiful time to be alive. And it's a beautiful time to record an
2:22.5	episode of Invest Like a Boss with you, Johnny. We're going to be going back to back to the old school.
2:28.3	We're going to be doing a 101 episode. And this is something I've actually wanted to do for a long
2:33.1	time. And building up to it, we just published an article.
	...

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