438: The Beginner’s Guide to Investing (Start with Just $100!)

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 4 August 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Only have $100 – $5,000 but want to know how to invest it wisely? No amount is too small to start building smart money habits today. While some asset classes may not be viable for you just yet, there are still all kinds of ways to invest with a modest amount of money. Making the most of what you have now can set you up for a bright financial future. In this episode of the BiggerPockets Money podcast, Scott and Mindy have brought in reinforcements to discuss the best ways for beginners to invest a small amount of money—whether it’s $5,000 or as little as $100. With four unique perspectives on investing, you’ll find that there are several ways to make your money work harder for you. There is one common message, however: educate yourself and take action! Not everyone has a large nest egg to throw around. In fact, most Americans live paycheck to paycheck. If you don’t have much money to spare, this is the episode for you. You’ll learn about the investing order of operations, different types of retirement accounts and how they work, and ways to purchase real estate with no money down! In This Episode We Cover The best ways to invest with $100, $500, $1,000, $2,500, or $5,000 How to buy real estate with ZERO money down Different types of retirement accounts to add to your portfolio Maximizing your 401(k) contributions for a HUGE return on investment Leveraging debt to fast-track your investing journey And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Amanda's Instagram Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Money Moment Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan Check Your USDA Loan Eligibility Click here to check the full show notes: https://www.biggerpockets.com/blog/money-438 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, where we have a discussion about what you should invest in if you only have between
0:08.0	$105,000.
0:10.0	Hello, hello, hello, my name is Mindy Jensen, and with me as always is my steady investing co-host, Scott Trent.
0:16.0	Great to be here with my, plays the course co-host, Mindy Jensen.
0:19.0	And joining us are both Amanda Wolfe, the she-wolf of Wall Street, and Kyle Mast, Unemployed Bum.
0:28.0	Amanda and Kyle, welcome. Thank you so much for joining us and sharing your expertise today.
0:33.0	Good to be here.
0:34.0	Great to be here.
0:35.0	Scott and Amanda and Kyle and I are here to make financial independence less scary, less just for somebody else.
0:42.0	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.
0:48.0	That's right, whether you want to retire early and travel the world, go on to make big-time investments in assets like real estate, start your own business, or make your first small investment.
0:56.0	We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams.
1:01.0	We have a new segment here at the money show called Money Moment, where we share a money hack tip or trick to help you on your financial journey.
1:08.0	Today's money moment is get creative when gifting, not everybody needs a new gadget or fad item to feel special.
1:15.0	A little elbow grease and a dash of thoughtfulness can go a long way.
1:19.0	Make some cookies, harvest vegetables, herbs, or flowers from your garden, make them dinner, or create a piece of art to show that you care.
1:26.0	If you need to test out a cookie recipe, you can mail me a batch and I will give you my opinion.
1:32.0	Do you have a money tip for us?
1:34.0	Email Money Moment at biggerpockets.com.
1:37.0	All right, today we're going to have a discussion about what to do with your money if you have only as little as $100 and maybe up to $5,000.
1:44.0	We've brought Amanda Wolf and Kyle Mas to join us in this discussion.
1:48.0	And ahead of the show, I just wanted to relate a couple of facts and some context about why we think this topic is so important.
	...

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