182: I Have $X Saved, Where Do I Invest it? A 101 Investing Refresher

 

Johnny and Sam take it back to ILAB basics with a 101 how-to on where to invest your money at various dollar amounts. A refresher and update for everyone out there who is looking for places to grow their hard earned money.


Where we are:

Sponsor:

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  • Support Invest Like a Boss: Join our Patreon

Discussed:

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  • ArtofFX – Start with just a $10,000 account (reduced from $25,000)
  • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
  • Betterment – Get up to 1 year managed free
  • Wealthfront – Get your first $15,000 managed free
  • PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

  • 05:30 – How much money do you have in an emergency fund?
  • 09:26 – Take it out of your free money, Company Matched 401K
  • 14:17 – Manage your debt
  • 17:35 – Individual Non-Taxable Account
  • 28:22 – Looking back at your company and your employer
  • 29:52 – It’s now time to start Investing
  • 37:14 – Do what’s smart, stick to the script
  • 40:00 – Look at diversification

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