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Did you know that as a business owner, entrepreneur, side hustler, etc., you have so many different options for investing in tax-advantaged accounts to protect your money from getting eaten away by taxes. In this episode, we answer Erika’s question about the different types of accounts she can invest in as a business owner.
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as a side note, one can achieve FIRE using a brokerage account alone.
using any tax advantaged accounts is just a way to optimize!
y3s love this seri3s
Loving the podcasts! I have question. In about 6 months me and my wife will be debt free besides our mortgage and will have 80k each year to invest in real estate and stocks. What’s the best way to reach financial freedom with that?
100%! It was mindset hidden within great investing advice that really propelled us into action (looking at you, Rich Dad, Poor Dad and The Richest Man in Babylon and of course the late, great Zig Ziglar!)
Thank y'all for putting emphasis on mindset!
Roth all the way
Thank you for your information, I would like to hear your thoughts on a low income strategy about investment . What ETF on fidelity would you suggest
Podcasts & videos that recommend you go read some books on the subject. Now that is some woke online financial advice.
Great stuff, thank you!
Great video, I'm loving the podcast channel! Can you please provide the name of the investing guidebook for beginners that you mention in the video? Thank you !!
I like the comment about mindset. Warren Buffett says that temperament defines your stock market performance more than intelligence.
Thank you for the information.
Can you include some Canadian content and lingo? No 401k term in Canada
While I agree that a lot of the money should go towards tax-advantaged accounts, isn't there something to be said about putting some into taxable accounts? Not just what is left over but more of a balance? Say that I'm currently 30 and I start investing all of my money into tax-advantaged accounts and there is none left over for taxable accounts. It would mean that I would have to wait until 29.5 years before I can even touch the growth portion of my money. I don't know if you can touch the 401k contributions at all before then. I have always figured that it's good to have a balance between the two classes so that you can access some before retirement. I'd love to hear your thoughts! Also, thanks for this podcast!
Completely love your podcast and channel!
Thank you for today's information. I am a small business owner, and I am in the beginning stages of my relocating process to Portugal. I am over 60 and want to build a better Portfolio.
Walking and listening
