I Just Received $100k, What Should I Do?
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 585 Ratings
🗓️ 13 September 2021
⏱️ 9 minutes
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Summary
Transcript
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| 0:00.0 | Finances can be complicated, but they don't have to be. |
| 0:08.0 | I break down financial topics that may seem complex and overwhelming, so you can start taking action on your financial goals. |
| 0:16.0 | I'm Ari Talbid, and it all starts here on Personal Finance Redefined. |
| 0:21.6 | Hello, everyone. |
| 0:22.7 | Welcome back to another episode of Personal Finance Redefined. |
| 0:26.0 | If you're enjoying the show, please go ahead and hit that five stars button unless you're |
| 0:29.5 | on Spotify, in which case I believe that is impossible. |
| 0:32.3 | But if you're on Apple Podcast, that would be great. |
| 0:34.5 | That's how more people can find the show. |
| 0:36.8 | So today, another listener question. |
| 0:39.5 | The question is, I have $100,000. I appreciate your guidance and appreciated one of your early |
| 0:44.8 | episodes, Episode 7, how I invest my own money, and I have a question for you. I don't know |
| 0:50.9 | what to do with my $100,000 and I don't want to mess it up. Well, neither. I don't want you to mess up either. I have no student loan debt, a house that's not paid off yet, and a 401k plan at work. What am I missing? What should I do? Great question. If you have a question out there, please submit your question. I love them at personal finance redefined.c.O. |
| 1:12.6 | Okay, well, thank you for your question, and yes, that was episode seven, and here's how I would look at this. |
| 1:17.6 | Regardless, if you've got $100,000 or a million dollars, we're dealing with a lump sum of money here. |
| 1:23.5 | Could be an inheritance, could be a bonus, could be variable income, could be won a lottery ticket, a successful investment, side income, that kind of thing. |
| 1:33.6 | So the first thing is to think about if there's anything you haven't done that is giving you anxiety. |
| 1:39.5 | And the way I view that, and the reason I bring that up up is because, first of all, your finances should |
| 1:46.4 | be a reflection of your anxiety in a way, meaning if I always say, and it's a famous saying, |
| 1:52.7 | but I like to use it for clients is that it doesn't matter how much money you have. If you're |
| 1:57.1 | still worrying, you're not wealthy. And so first of all, what can you do of this $100,000 |
| 2:02.4 | to just get rid of saying anxiety? |
... |
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