448: The Average American’s Guide to Investing $10K–$100K

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 8 September 2023

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to know how to invest $10K, $25K, $50K, or even $100K? The average American household has $41,600 saved. While that’s a decent chunk of cash, it’s not working very hard for you by sitting in a savings account, is it? Fortunately, there are all types of ways to invest that money and grow your nest egg much faster! Welcome back to the BiggerPockets Money podcast! In this “sequel” to our $100-$5,000 episode, we’re looking at ways to invest a much larger amount of money—$10,000-$100,000. Scott and Mindy are joined by guest hosts Kyle Mast and James Dainard, who share their own expertise on where to allocate your capital. Even with the diverse perspectives, all of our hosts agree: don’t just sink your money into your primary residence or fancy car and call yourself a millionaire! The moves you make today could determine your financial future. Stay tuned as our hosts offer active and passive investing ideas to consider, depending on your risk tolerance. You’ll also learn how to get one-hundred percent financing for real estate deals, ways to build (or buy!) a profitable business, and essential tax planning tips at various income levels! In This Episode We Cover The best ways to invest with $10,000, $25,000, $50,000, or $100,000 Active and passive investment opportunities at every level How to build a nest egg that allows you to live off passive income in retirement Getting one-hundred percent financing for a house flip through hard money and private money How to start and build a profitable business with zero startup costs Strategic tax planning tips to consider at different income levels And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Kyle’s Website Clarity Financial Kyle’s Twitter James on BiggerPockets James's Website 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! Money Moment The Beginner’s Guide to Investing (Start with Just $100!) Codie Sanchez: These “Boring Businesses” Will Make You Rich How to Build Yourself a 6-Figure Income Stream Click here to check the full show notes: https://www.biggerpockets.com/blog/money-448 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 Puckets Money Podcast, where we have a discussion about what you should invest in if you have
0:05.8	$10,000 to $100,000 to invest.
0:09.2	Hello, hello, hello, my name is Mindy Jensen and with me as always is my steady investing co-host, Scott Trench.
0:14.8	Thanks Mindy, great to be here with you and great to be here with the returns of James and Kyle.
0:20.0	Joining us today is James Dainard from our sister podcast on the market and Kyle Mast,
0:26.8	who is a regular contributor to Bigger Puckets Money. Welcome, guys. How you doing?
0:30.9	Doing good? It's good to be here. I'm doing good. I love being on the money show. It's my favorite
0:34.8	name or show, by the way. All right, Scott and James and Kyle and I are here to make financial
0:39.7	independence less scary, less just for somebody else to introduce you to every money story because
0:44.5	we truly believe financial freedom is attainable for everyone, no matter when or where you are starting.
0:50.1	That's right. Whether you want to retire early and travel the world, going to make big-time
0:52.9	investments in assets like real estate, start your own business or just think about how to invest
0:56.9	your first 10, 25, 50 or $100,000 will help you reach your financial goals and get money out of the
1:02.4	way so you can watch yourself towards your dreams. Scott, I am super excited to jump into talk
1:07.5	about investing, but first I want to share our money moment, which is a new segment that we share
1:12.3	a money hack tip or trick to help you on your financial journey. Today's money moment, do you have
1:17.2	a habit of overspending? Don't get a cart at the store. Seriously, leave it at the front
1:22.6	that means you can only purchase what you can put in your hands. It might seem like a pain,
1:26.5	but it's actually a really useful tool because then you're not adding extra stuff that you can't
1:30.9	carry. Have you ever tried to do Costco without a cart? That's a big mistake. That will keep you from
1:36.1	spending a lot. You can get like two items and then you're done. Yeah, because you're like this,
1:41.0	because it comes in such big containers. That's a good tip because otherwise you're like $500
	...

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