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Rich Habits Podcast
69: This Episode Will Save You Thousands (Seriously)
Jun 17, 2024
The CEO of Frec.com joins the hosts to discuss direct indexing and tax loss harvesting for wealth building. They share insights on maximizing gains through investing in blue-chip art, launching products, diversifying passive income, and utilizing wealth-building tools like high-yield cash accounts and stock trading platforms.
43:08
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Quick takeaways
- Diversify investments with real estate, ETFs, and cryptocurrency for long-term wealth growth.
- Navigate product entrepreneurship challenges with market research and distribution strategies for successful launch.
Deep dives
Financial Insights for Wealth Building
At 27 years old, starting with a $50,000 savings, Myreck is on track with a net monthly rental income and Roth IRA and 403b savings. The uncertainty of whether to invest more leads to considering another rental property or brokerage investments. Being debt-free and diligently investing in retirement accounts, further investments can be diversified with real estate, ETFs, cryptocurrency, and other assets for long-term wealth growth.
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Listen to the best highlights from the podcasts you love and dive into the full episode