Rich Habits Podcast

Q&A: Investing $200K of RSUs, Buying a Failing Biz, & $1.4M Net Worth at 34

12 snips
Jan 9, 2025
Listeners dive into investing strategies, debating large mortgage down payments versus keeping cash invested. The hosts share insights on managing complex portfolios, including real estate and retirement planning. They also emphasize reevaluating financial advisors and the merits of low-cost index funds. With a focus on personal finance education, the discussion hints at opportunities in cryptocurrency and pre-IPO investments. Plus, the importance of building a supportive financial community is highlighted throughout.
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ADVICE

Mortgage Down Payment Strategy

  • Put down 20% on a property, not 70%, and invest the rest.
  • Leverage good debt and refinance when rates drop.
ADVICE

529 Plan Flexibility

  • Use 529 plan funds for trade schools, certificates, or K-12 tuition.
  • Explore options beyond college for your child's development.
ADVICE

RSU Investment Diversification

  • Diversify RSU income beyond just VOO and SPYI.
  • Consider NASDAQ, global funds, and crypto based on risk tolerance.
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