In the last episode I detailed what happens when you invest $50,000 per year. So if you missed it, please make sure you go back and listen to how powerful the strategy is.
As you listened to this episode, I'm sure one of the main questions that came to mind is how and where to get the money to fund this investment decision?
Many of you may already have the money sitting in your accounts. You're just kind of trying to figure out what to do with it, how to really invest it.
But some of you may feel like you don't have the money. Today, I'm gonna help you walk through this to figure out that you probably do have the money to invest, and if you absolutely do not, I'm gonna give you five strategies at the end to find that money. Sounds fantastic, right? So, get ready to build & share the wealth, let's dive in.
In this Episode:
[00:00 - 02:02] • Welcome to the Quiet Wealth Podcast.
• Why set up your personal finances strategically?
• Cash under the mattress, won't win you the money game of life.
• Investing ways through :
• Solo with Cash
- Tax Benefits and distributions.
- Setting up alternative forms of protection.
• Joint investment with your spouse or a partner.
- requires two signees.
• Investing through an entity.
- Self directed IRA, QRP , or through LLC.
[09:58]
• 5 strategies to find or generate that $50,000 you're going to need.
1. Eliminate unnecessary subscriptions is a MUST.
2. Cut out impulse purchases NOW.
3. Finding a side gig. The 20 Next Level Side Gigs
4. Clean your house. YES clean your house.
5. Consolidate old 401k's.
[16:06] • How you could move towards your investing goals and the lifestyle you've been dreaming of? See you on the next Episode.
Build Wealth | Create Impact | Leave A Legacy
Episode Highlight Quote:
"It's tempting to feel, to wait till you feel like you're in a better financial position. But remember the value of time you need to invest now.." -Camilla Jeffs
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Interested in learning about even more side gigs? Grab my FREE list of 20 Next-Level Side Gigs! https://steadystreaminvestments.com/20-next-level-side-gigs/
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