475: How to Get Rich Without Investing in Real Estate
BiggerPockets Money Podcast
Introduction
Exploring five strategies to increase wealth without real estate investment, offering insights and tips on diversifying income streams.
You want to know how to get rich. But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate. And even as the world’s biggest resource for real estate investors, we get it. The landlord lifestyle isn’t for everyone. Thankfully, real estate isn’t the ONLY way to get rich. There are five other time-tested ways to build wealth that don’t involve 2 A.M. tenant phone calls.
In today’s show, Mindy and Scott tag team the five best ways to build wealth without ever buying a rental property.These methods work for almost anyone, no matter how much (or how little) money you make or have in the bank. Some of these methods are more passive than others, requiring just minutes a month to start building wealth, while others can explode your income but require much more time.
But we’re not just giving you some experimental investment methods to try. Both Mindy and Scott have used most, if not all, of these methods to become rich themselves, and if you incorporate ANY of these methods into your life in 2024, there’s a good chance by this time next year, you could be way wealthier!
In This Episode We Cover
The five ways to get rich WITHOUT investing in real estate
The four “levers” of wealth you can pull to level up your financial lifestyle
“Boring” businesses and HUGE investment opportunities for those in their 20s, 30s, or 40s
Job hopping and why you could be underpaid and overworked at your current role
The investment accounts that can expedite your path to becoming a millionaire
The super passive investment anyone can use to build massive wealth in the background
And So Much More!
Links from the Show
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Finance Review Guest Onboarding
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Apply to Be a Guest on The Money Show
Past Episodes Mentioned in Today’s Show
Nick Loper (Side Hustle Nation)
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-475
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