182: I Have $X Amount, Where Do I Invest it? A 101 Investing Refresher
Johnny and Sam take it back to ILAB basics with a 101 how-to on where to invest your money at various dollar amounts. A refresher and update for everyone out there who is looking for places to grow their hard earned money. Listen to ILAB 182 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Ukraine / IG @johnnyfdk Sam Marks – South Carolina/ IG @imsammarks Derek Spartz - Venice Beach / IG @DerekRadio Sponsor: FundriseFundrise makes investing in private real estate as easy as investing in stocks, bonds or mutual funds. Get started in just a few minutes at Fundrise Support Invest Like a Boss: Join our Patreon Discussed: Beginner’s Guide: How Do I Invest $x? ILAB 90 – HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) Betterment – Get up to 1 year managed free Wealthfront – Get your first $15,000 managed free PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: 05:30 – How much money do you have in an emergency fund? 09:26 – Take it out of your free money, Company Matched 401K 14:17 – Manage your debt 17:35 – Individual Non-Taxable Account 28:22 – Looking back at your company and your employer 29:52 – It’s now time to start Investing 37:14 – Do what’s smart, stick to the script 40:00 – Look at diversification If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2021. All rights reserved. Read our disclaimer here.