What do over diversified investments look like? Hint: we’re definitely not talking about having too many index funds!

This week, we talk to Jeana and Scott, a couple with a hefty amount of investments under their belt. We know what you’re thinking, “what type of stocks and real estate are they investing in?” This is where you might be surprised. Jeana and Scott are investing in three gyms, a gas and oil investment, a documentary, a 24-unit apartment building, a 52-unit apartment building, a senior care business, and…a $20,000 dog! Seriously! This is one of the most diversified couples we have ever had on the show!

While it’s great to have investments spread out over multiple different asset classes, Scott and Mindy want to help the couple come up with a more systematized and formulaic approach to wealth building. Since they both have well-paying jobs, once they set up a “set it and forget it” type investment strategy, they won’t be too far away from reaching FI.

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Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
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Get Tickets to BPCon 2021:
https://www.bpcon2021.com/
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Episodes Mentioned in the Show:
Episode 3: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-03-cutting-your-grocery-bill-in-half-erin-chase
Episode 144: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-144-kirk-chisholm
Episode 364: https://www.biggerpockets.com/blog/biggerpockets-podcast-364-avery-carl
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Excel is Fun Youtube Channel:
https://www.youtube.com/user/ExcelIsFun
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Follow Scott and Mindy on Instagram:
@scott_trench or https://www.instagram.com/scott_trench/
@mindyatbp or https://www.instagram.com/mindyatbp/

Episode 222

Show notes at: https://www.biggerpockets.com/moneyshow222

0:00 Intro
7:12 Income & (Many Different) Investments
21:34 Cash on Hand
29:01 Completing a Live in Flip
30:36 Debts, Expenses and Frugality
38:51 Creating a Formula for Wealth
52:59 Planning and Goal Setting
1:00:20 Increasing ROI on the Memory Care Home
1:11:50 Airbnb Investments
1:23:59 Reviewing Jeana and Scott’s story