5min chapter

BiggerPockets Money Podcast cover image

300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth

BiggerPockets Money Podcast

CHAPTER

What Is the Best Way to Make Money?

We were able to turn a ten thousand dollar investment in it into a hundred and 17 thousands dollars in cash when we sold it five years later. So then once we got that money, i used to pay off debt, husband's school loans, and then a bunch of it just went and sat. And so i think i have to realize maybe we're past the point where i'm not sure how we're going to pay this month's am bills, and can maybe take on somea more risk e I actually don't think your cash position is that unreasonable. But if you like having the extra cash that's there, you do also, i would not tap your retirement accounts as a source

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