16min chapter

Rich Habits Podcast cover image

Q&A: $320K of Student Loans, Broke Boyfriend, and $300K of Google Stock

Rich Habits Podcast

CHAPTER

Wealth Building Strategies and Investment Diversification

The chapter explores the risks of being 'house broke' and over-relying on property equity for wealth building, discussing the decision between keeping or selling a rental property for a dream home. They weigh the emotional value versus financial benefits of a 1031 exchange, considering factors like marital status for tax advantages. The conversation also includes tips on diversifying investments, tracking net worth regularly, and strategies for handling market corrections and volatility.

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