The $5 Billion Roth IRA and How You Can Use the Same Strategy (Self-Directed IRA)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 7 July 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

61. The $5 Billion Roth IRA and How You Can Use the Same Strategy (Self-Directed IRA) Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. Sponsors Thanks to Mint Mobile for Sponsoring the Show! Get your new wireless plan plus free shipping at mintmobile.com/pfp. Thanks to Policygenius for Sponsoring this episode of the podcast! Get your insurance quote at Policygenius.com Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping! Thanks to Mini Cooper for Sponsoring the show! Check out the all-electric Cooper SE. Reserve yours at MINIUSA.com Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! Peter Thiel's book - Zero to One Peter Thiel Roth IRA Article Today We Discuss: How Peter Thiel Built a $5 Billion Roth IRA. How can you learn from what he did? How a self-directed IRA works. Why this is a major wealth accelerator. How to buy real estate in a Roth IRA. How to buy a business in a Roth IRA. More Episodes You Will Love: How much you need to save to retire Why Understanding Your Savings Rate Will Change Your Life (and Allow You To Retire Early) The Roth IRA Millionaire The 401(k) Millionaire Check out all the Stuff I Recommend! M1 Finance Open a Roth IRA Personal Capital Free Wealth Management + Budget App and Fee analyzer! CIT BANK (Best Savings Account) Best Personal Finance Books The Simple Path to Wealth - J L Collins The Millionaire Next Door - Thomas Stanley I Will Teach You To Be Rich - Ramit Sethi Rich Dad Poor Dad - Robert Kiyosaki ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Check us out on social fam! Twitter Dollar After Dollar Instagram www.thepersonalfinancepodcast.com www.dollarafterdollar.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast,
0:03.6	we're going to talk about self-directed IRAs
0:06.9	and how Peter Teal got five billion dollars
0:10.7	into his Roth IRA. What's up everybody and welcome to the Personal Finance Podcast.
0:33.6	I'm your host Andrew founder of Dollar After Dollar.
0:37.7	And today on the Personal Finance Podcast.
0:41.4	We're going to be talking about the power of the self-directed IRA and how
0:46.2	Peter Teal got $5 billion inside of his Roth IRA. If you have any questions about this episode, hit me up on
0:56.5	Instagram at dollar a f-f-tr dollar and follow us on Spotify, Apple Podcast, or whatever podcast player you love listening to this podcast too and if you want to help out the show, leave a five-star rating and review on Apple Podcast we truly appreciate you guys doing that.
1:16.1	So today what I want to talk about is one of the most powerful tools that everybody has at
1:21.2	their exposure when it comes to building wealth and a lot of people
1:25.2	don't know that this exists and I'm going to be referencing an article that just
1:30.0	came out from pro publica.com talking about how Peter Teal amassed over five billion
1:36.8	dollars inside of his Roth IRA. Now if you don't know what a Roth IRA is we're
1:41.4	going to talk about it in a second and if you do know what a Roth IRA is, we're going to talk about it in a second.
1:42.8	And if you do know what a Roth IRA is, you're going to say, how in the world did somebody do that
1:46.7	with those contribution limits?
1:48.6	Well, we'll talk all about that today in this episode.
1:52.0	And if you don't know who Peter Teal is,
1:54.0	Peter Teal is one of the biggest investors in Silicon Valley.
1:58.0	So he is actually one of the original founders of PayPal,
2:00.5	along with Elon Musk.
	...

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