How To Fund Your Business With An IRA
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 6 June 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Here's what you don't know about your IRA...
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | Is there anything else people just don't really know about the retirement game and IRAs and everything? |
| 0:06.1 | Seems pretty simple. It is pretty simple. People just don't do it. I think that I think the biggest. |
| 0:12.1 | Well, let me add this. The thing that people don't know, |
| 0:15.7 | especially because mainly entrepreneurs listen to this show, myself included is that |
| 0:20.8 | you don't need like |
| 0:22.4 | some other person employer to go start this. Like you can go, they can call you right now and get one started. |
| 0:30.0 | Yeah, it's easy. I would say one thing that I reflect on that I share with others because usually |
| 0:36.0 | when I go and speak and talk to people half the room have a retirement account in the other half |
| 0:41.2 | don't. So the other half are like maybe how I was when I was first starting. So that half is |
| 0:47.7 | typically looking for money. Right. So if you're listening to this and you're like, okay, |
| 0:51.6 | this sounds cool, but I can't put away $50,000. I need someone to fund my business. Yeah, |
| 0:56.9 | or fund my deal. We've just shared with you a way to go find money. There's 85 million |
| 1:01.9 | IRAs in the United States. There's 85 million lenders that could lend you a portion of their IRA to |
| 1:07.0 | fund your business to get you going. And I think that's something people forget I think often. |
| 1:12.1 | And then the last thing is that we've already touched on it, but |
| 1:17.8 | people just have to go do it. And I think because so many young people are investing in making money, |
| 1:23.5 | they think that because they can't take it out to their $59.5 that it's not value to them. |
| 1:28.5 | I remember this is part of my problem. Yeah. Well, I remember like this was like eight years ago, |
| 1:34.1 | I was talking about this. I was supposed to go on a stage and talk and I was outside right |
| 1:38.1 | beforehand, right? I was just listening to people. There's this young group. I don't know on their |
| 1:41.5 | young 20s. Not much older. I mean, I was 10 years older than them. They said, oh, who's going on next? |
| 1:47.1 | I'm listening to them. They're like, oh, there's this IRA guy, right? And I'm like, okay, what do you say? |
... |
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