Rich Habits Podcast

Q&A: Vacation Rental Co-Ownership, Selling a Biz for $3.5M, & Retirement Contributions

19 snips
May 8, 2025
Get ready for a financial deep dive! The hosts tackle intriguing questions about vacation rental co-ownership and the pros and cons of investing in fractional real estate. They unpack the best strategies for managing a $3.5 million windfall and emphasize the importance of smart retirement contributions. Listeners learn how to navigate job transitions without missing investment opportunities and discover the vital role of Roth IRAs in building long-term wealth. Tune in for essential tips on financial independence!
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ADVICE

Beware Picasso's Real Estate Model

  • Understand the risks and fees before investing in Picasso's vacation home co-ownership model.
  • Consider better, lower-fee real estate investment options with more liquidity.
ADVICE

Private Investment Considerations

  • Check if you invest alongside top venture capitalists before buying into private companies like Picasso.
  • Always consider opportunity cost and liquidity risks in private investments.
ADVICE

Optimize Mortgage and Investing

  • Don't pay extra on mortgage with 3% interest; invest extra money for higher returns.
  • Balance tax-deferred, Roth, and brokerage accounts to build wealth without retiring.
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