5 • 683 Ratings
🗓️ 7 October 2024
⏱️ 15 minutes
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0:00.0 | What's up, guys? In today's podcast episode, we're discussing if you should leverage or liquidate your 401k in order to buy real estate and or small businesses. |
0:11.1 | Now, before we begin, have you guys been to Las Vegas? You know, you fly into the airport, you have the slot machines as soon as you get out of the terminal, and then you go down this giant escalator. It has the |
0:21.4 | welcome to Las Vegas sign in like flashing neon lights. Same sign. Imagine this sign in flashing |
0:27.7 | neon lights that says, do your proper due diligence on this. Consult with your financial advisor. |
0:34.9 | Whatever actions that you choose to take from this podcast episode, |
0:43.0 | consult with your registered custodian, okay? In today's show, I'm going to be talking about what I have personally done that has worked personally for personally me. Do I know what I'm |
0:49.7 | talking about here? Yes. Do I have the tax code and retirement law in front of me? Yes. Should you still |
0:55.9 | consult with professional custodians when it comes to your harder retirement savings? Yes. |
1:01.7 | And with that being said, welcome to the Action Academy podcast. We are corporate America's |
1:05.1 | least favorite podcast. On this show, we teach you how to replace corporate with cash flow through |
1:09.3 | buying small businesses and big old commercial real estate deals. My name is Brian Lubin, your humble hosting guide. |
1:14.9 | And in 2021, you guessed it, I liquidated my 401k to the tune of about, I think, $80,000. |
1:22.0 | Paid the penalties, did everything, was buying real estate, left my corporate job in March of |
1:26.3 | 2022, left to travel full |
1:28.2 | time around the world while building my own business from zero to $10 million a year. And that |
1:32.0 | is the podcast. You guys get to be along with me on the journey, all the bumps, lessons, |
1:37.2 | wins and losses along the journey to $10 million so that you guys can learn how to do it |
1:41.3 | too and faster. So for this podcast episode, we're going to very briefly touch on how to utilize your 401k |
1:47.2 | because some people are actually unaware of what they're doing with our 401K. |
1:52.2 | Again, very briefly, then we're going to discuss how to leverage your 401K, |
1:56.1 | which is what millions of Americans do, and a lot of them are invested with me, with other people. |
2:01.8 | And lastly, in today's episode, we're going to be discussing if you should liquidate your 401k. |
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