How to Become Rich WITHOUT Investing in Real Estate (5 Ways)
Episode #475
You want to know how to become rich. But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate. And even as the world’s biggest resource for real estate investors, we get it. The landlord lifestyle isn’t for everyone. Thankfully, real estate isn’t the ONLY way to get rich. There are five other time-tested ways to build wealth that don’t involve 2 A.M. tenant phone calls.
In today’s show, Mindy and Scott tag team the five best ways to build wealth without ever buying a rental property. These methods work for almost anyone, no matter how much (or how little) money you make or have in the bank. Some of these methods are more passive than others, requiring just minutes a month to start building wealth, while others can explode your income but require much more time.
But we’re not just giving you some experimental investment methods to try. Both Mindy and Scott have used most, if not all, of these methods to become rich themselves, and if you incorporate ANY of these methods into your life in 2024, there’s a good chance by this time next year, you could be way wealthier!
Show Notes at:
https://link.chtbl.com/Money
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/....signup?utm_source=ow
~~~~
Join the BiggerPockets Money Facebook Group:
https://www.facebook.com/groups/bpmoney
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Got a Money Tip to Share? Send Us an Email:
moneymoment@biggerpockets.com
~~~~
Past Episodes Mentioned in Today’s Show:
Index Funds: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-20-the-simple-path-to-wealth-index-funds-explained-with-jl-collins?utm_source=youtube&utm_medium=description&utm_campaign=none
Financial Mechanic: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-97-financial-mechanic?utm_source=youtube&utm_medium=description&utm_campaign=none
David Greene (1st Episode): https://www.biggerpockets.com/....blog/biggerpockets-m
David Greene: https://www.biggerpockets.com/blog/money-469?utm_source=youtube&utm_medium=description&utm_campaign=none
“Boring” Businesses: https://www.biggerpockets.com/blog/money-416?utm_source=youtube&utm_medium=description&utm_campaign=none
Liquor Store Investment: https://www.biggerpockets.com/blog/money-325?utm_source=youtube&utm_medium=description&utm_campaign=none
Franchising: https://www.biggerpockets.com/blog/money-372?utm_source=youtube&utm_medium=description&utm_campaign=none
Side Hustles: https://www.biggerpockets.com/blog/money-470?utm_source=youtube&utm_medium=description&utm_campaign=none
Nick Loper (Side Hustle Nation): https://www.biggerpockets.com/blog/biggerpockets-money-podcast-28-how-anyone-can-easily-make-extra-money-using-side-hustles-with-nick-loper?utm_source=youtube&utm_medium=description&utm_campaign=none
Loan Signing Side Hustle: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-74-making-money-legitimate-side-hustle-mark-wills?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
The Simple Path to Wealth:
https://www.amazon.com/Simple-....Path-Wealth-financia
~~~~
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
~~~~
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
00:00 Intro
00:52 Money Moment
02:06 "Levers" of Wealth
04:44 1. Index Funds
11:04 2. 401(k)s and IRAs
14:12 3. Job Hopping
20:17 4. "Boring" Businesses
28:27 5. Side Hustles
30:29 Build an ASSET
