313: The “Perfect” Investment Portfolio for Early Retirement w/Ask The Money Coach

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 27 June 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Early retirement is one of those common personal finance topics that always comes up on the show. It’s arguably the most talked-about subject in our Facebook group and is a common theme among guests on the show. But what does a time-tested, well-respected financial journalist and coach think about retiring early? What does the “perfect” early retirement plan look like if you’re starting from scratch? Today we’re joined by Ask The Money Coach’s Lynnette Khalfani-Cox, who is used to getting personal finance questions thrown at her all day long. She’s dug deep into everything surrounding investing and early retirement. From stocks to I Bonds, to real estate investing and cryptocurrency—if you’re interested in building (and maintaining) wealth, Lynnette’s website and books have something that will help you on your benjamin-stacking journey. Mindy and Scott take some of the top investing, saving, and retirement questions from the BiggerPockets Money Facebook Group and ask Lynnette her opinion on them. Hear answers to top questions like when to invest and when to pay off debt, what makes the “perfect” portfolio, how to stop saving and start spending when you retire, and whether to invest for retirement or start a business. In This Episode We Cover The debt payoff schedule you should follow if you want to invest while shedding consumer debt I Bonds explained and how to get around the $10,000 personal purchase limit Transitioning from “save mode” to “spend mode” when you’ve hit your retirement goal How to introduce others to personal finance (without it sounding like a lecture) What to do before you start a business and getting your personal finances in order Why younger generations of investors are choosing more “risky” investment options And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Mindy's Twitter Scott's Instagram Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Biggerpockets Bookstore Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Fueling Early Retirement at 36 with Just 4 Rental Properties Investopedia Stock Simulator Money Coach University Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Bigger Pog its Money Podcast,
0:02.0	at number 313, where we talk to Lynette Calfani Cox,
0:06.0	the Money Coat, and to get her take on some of your big burning financial questions.
0:11.0	Anybody who's seriously considering entrepreneurship
0:14.0	should absolutely get their personal finances
0:18.0	together as best they can first.
0:21.0	They should map out what it's going to be like
0:24.0	to potentially draw no salary,
0:26.0	or to have to spend and or heavily invest in the business for at least one year.
0:32.0	And so I think a lot of times that goal versus no goal decision
0:37.0	might be better determined based on answering the question, am I truly ready?
0:44.0	Hello, hello, hello, my name is Mindy Jensen,
0:46.0	and with me as always is my analytical co-host, Scott Trudge.
0:50.0	And it's great to be here with my insightful co-host, Mindy Jensen.
0:53.0	Scott and I are here to make financial independence less scary,
0:56.0	less just for somebody else.
0:58.0	To introduce you to every money story,
1:00.0	because we truly believe financial freedom is attainable for everyone,
1:02.0	no matter when or where you're starting.
1:04.0	That's right, whether you want to retire early and travel the world,
1:06.0	going to make big-time investments in assets like real estate,
1:08.0	start your own business,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.