How I would Invest Large Sums of Cash - Money Q&A

The Personal Finance Podcast

Andrew Giancola

Entrepreneurship, Investing, Business

4.7 • 1.4K Ratings

🗓️ 15 April 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about how I would invest a large sum of cash. Today we are going to answer these questions: Question 1: I am 50 and want to Retire at 62. Can I retire? Question 2: Should I keep my job? Question 3: How would you invest big sums of cash? Question 4: New Package Scam to be aware of! How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew’s course teaching you how to invest! Watch The Master Money Youtube Channel! Ask Andrew a question on Instagram or TikTok. Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Monarch Money: Get an extended 30 day free trial at monarchmoney/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ Delete Me: Use Promo Code PFP20 for 20% off! Go to UPLIFTDesk.com/PFP for 5% off your order. Links Mentioned in This Episode: How Much Should You Have Saved and Invested (By Age!) The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!) What to Do If You Started Investing Late (Turn Your Retirement Around!) The Complete Breakdown of The 2-Fund Portfolio (The Warren Buffett Portfolio) Should You Max Out Your Roth IRA or HSA? (Money Q&A) How to Get Rich Buying Boring Businesses With Codie Sanchez How to Buy Then Build a Business with Walker Deibel A Masterclass on Investing in Individual Stocks with Brian Feroldi Why YOU Have an Advantage as a Small Investor with Brian Feroldi Cryptocurrency 101: Should You Invest In Cryptocurrency? (Or is it a Horrible Investment!?) Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Spring is a great time of year to do some cleaning around the house and clean up your finances.
0:06.0	And something else that you can do for your family this spring is shopping for life insurance with
0:10.3	policy genius as part of your financial planning for the year.
0:14.0	Getting life insurance today means you'll have peace of mind
0:17.0	so that if something were to happen to you, your family can cover expenses,
0:20.0	things like mortgage payments, credit card payments, car loans, or even college costs.
0:25.2	I have a wife and two kids, with a third on the way, by the way, and business partners that all depend
0:31.1	on my income, so I needed life insurance and policy genius made that so incredibly easy.
0:37.0	And with policy genius, you can find life insurance policies that start at just
0:41.0	$292 per year for $1 million of coverage.
0:45.0	Some options offer same-day approval and avoid unnecessary medical exams.
0:50.4	So save time and money and provide your family with a financial safety net using
0:54.3	policy genius. Head to policy genius dot com or click the link in the
0:57.9	description to get your free life insurance quotes and see how much you can save.
1:01.8	That's policy Genius.com.
1:06.0	One of my favorite ways to invest is real estate,
1:09.3	but not everyone wants to handle tenants and toilets.
1:12.8	Enter Fundrise.
1:14.4	They make it easy to invest in real estate
1:16.2	with their flagship fund.
1:17.6	Now, as always, you always have to carefully consider
1:20.2	the investment objectives and risks of the Fundrise flagship fund before investing.
	...

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