Welcome to the Bigger Pockets Money Podcast, Finance Friday edition where we interview John and Jennifer and talk about how to optimize your portfolio with a high net worth and when you should leave your W2.

Hello, hello, hello. My name is Scott Trench and with me today is James Danard from our sister podcast on the market.

James and I are here to make financial independence less scary, less just for somebody else to introduce you to every money story because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting.

Whether you want to retire early and travel the world, go and make big time investments in assets like real estate or start your own business will help you reach your financial goals and get the money out of the way so you can launch yourself towards your dreams.

The contents of this podcast are informational nature and are not legal or tax advice and neither James nor I nor bigger pockets is engaged in the provision of legal tax or any other advice.

You should seek your own advice from professional advisors, including lawyers and accountants regarding the legal tax and financial implications of any financial decisions you contemplate.

James, this was an awesome episode today. I want to give everybody a fair shake that this is a little bit more advanced. This is a significantly high net worth couple.

They didn't get there by being particularly fancy. They never earned particularly high incomes until maybe the last year or two, but they've accumulated millions of dollars and we're going to talk about.

The allocation of a portfolio that is well underway and you know some high level choices about how we're going to you know potentially think about shifting those assets perhaps to commercial real estate and that involves discussion around.

We're going to throw out terms like 1031 exchanges we're going to throw out terms like cap rates we're going to talk about net operating income and that jargon I think anybody and everybody can learn from this but there may be a couple of terms that we throw out there and those are sprinkled in and.

Available for you to self educate on throughout the bigger pockets platform to go look at those up. I hope you like it and look forward to feedback.

Oh and by the way listen to the very end because we present I think three very different choices to John and Jennifer for them and they'll have to kind of figure out what the right approach is for them based on the wide array of really good options that they have.

Alright we have a new segment of the show called the money moment where we share a money hack tip or trick to help you on your financial journey today's money moment is.

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