Stocks vs. real estate is a regular feud among many financially savvy forums on the internet. While some investors love the passive aspect of stocks, other investors love the tax savings and flexibility of real estate. Regardless of your preferred asset, it’s better to stick your hard-earned money in something that makes money for you, instead of spending it or letting it sit.
Our guest today, Madison, is having trouble deciding which asset class she and her husband are best suited for. They have high-income jobs, a great net worth for their age, and just moved from the expensive San Francisco Bay Area to far more reasonable Texas. They’ll have a lot more money to stash away without the high rent, gas prices, or child care they had in California.
But neither Madison nor her husband have plans to retire early, so should they even plan for early retirement? Scott and Mindy walk Madison through her multiple different investing options, along with giving her the structure to formulate a three, five, and ten-year plan for wealth building and financial freedom. We may hear back from Madison very soon on the progress she’s made!
Mindy:
Hey there, as The BiggerPockets Podcast network grows, we’re always on the lookout for talented people who think they have what it takes to co-host a show. Is that you? Do you want to be just like me? Well, you can make a submission to our system at biggerpockets.com/talent, so we can get to know you. That’s biggerpockets.com/talent. You’ll see a few questions and a place to submit a video reel. Again, that’s biggerpockets.com/talent, if you’d like to lend your voice to the growing BiggerPockets Podcast network. Welcome to the BiggerPockets Money Podcast show number 260, Finance Friday edition, where Scott and I talked to Madison out too many great options.
Madison:
So it’s kind of like, what kind of ROI are we going to get on which routes, and I think that we have so many opportunities and possibilities. But for me, it’s…