Retirement strategies range from simple index fund investing all the way to full-on real estate development deals. What works for some investors won’t work for others. What’s most important to you is knowing what will or won’t work for your lifestyle. Some workers can easily do a couple of fix and flips on the side to generate income, while some may have a sixty-hour workweek without a lot of free time to start investing in more intense asset classes.

Chris feels just like this. As a working professional with a hectic schedule, he’s concerned that he can’t participate in more “active” income-generating projects like real estate investing. He’s been grinding for decades, making decent money but funneling much of it to pay off expensive student loan bills. When his wife sold her business, an unexpected windfall profit resulted, leaving the couple with more options than they thought.

Now they want to “back into retirement” as easily as possible, while still making wealth-building moves. What’s the best option for them? Stocks, real estate, or focusing on work so they can build a large cash reserve? While Scott and Mindy can’t answer this question for him, Chris is presented with a few good options that’ll help him become a multimillionaire in only a few short years.

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Join the BiggerPockets Money Facebook Group:
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Follow Along on Mindy’s Budget:
https://www.biggerpockets.com/mindysbudget?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episodes Mentioned in Today’s Show:
Mad Fientist: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-119coronavirustime-give-financial-independence?utm_source=youtube&utm_medium=description&utm_campaign=none
I Bonds Explained: https://www.biggerpockets.com/blog/money-309?utm_source=youtube&utm_medium=description&utm_campaign=none
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Building a Business You Can Sell for Top Dollar:
https://www.biggerpockets.com/blog/biggerpockets-business-podcast-42-david-barnett?utm_source=youtube&utm_medium=description&utm_campaign=none
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How Much Should You Save for Retirement?
https://www.biggerpockets.com/blog/retirement-savings?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Ultimate Guide to Short-Term Rental Properties:
https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties?utm_source=youtube&utm_medium=description&utm_campaign=none
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Want to Be a Guest on the BiggerPockets Money Show? Apply Here:
Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none
Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 320

Show notes at: https://www.biggerpockets.com/blog/money-320?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:48 An Big Unplanned Business Profit
12:53 Income and Expenses
18:43 Assets and Liabilities
20:15 Financial Goals and Future Earning Potential
33:37 The 4-Week Work Year
37:51 What Does the Perfect Portfolio Look Like?
43:16 More Options for Short-Term Rentals
51:26 Backing into Retirement
59:07 Which Wealth-Building Path to Take?

#biggerpockets #biggerpocketsmoneypodcast #ep320