EP 269: Where to Invest if You Have $100k (Minisode)
May 17, 2022<
$100,000 for a lot of people is not that much. But for others, it’s all they have. Regardless of how much it is for you, there are always better ways to spend any amount of money.
In this minisode, Liz and Andresa give their take on the question “What would I do with a $100,000?” They emphasize that there is a process behind making any decision and that you cannot just rely on gut instinct or intuition. Rather, you need to have a plan. There are also no guarantees in investing. Losing money is always a possibility and it’s important to have conversations with the people involved to manage any potential risks.
Listen to the conversation and come up with your own answer, too!
Quotes
• “The key there, is if you start to evaluate, do you have a lot of time that might make sense if you want to be more active in this business? You want to go look for the property, you want to manage the project, etcetera. If you don't have a lot of time and time is not on your side, then maybe passive investing or partnering with someone might be a better option for you.” (3:18-3:38)
• “There's knowing that not just, you know, the type of money, obviously, the 100 grand, but what do you want to have done with that money? Not just the investment, but the return." (5:45-5:54)
• "Treat your local investments as if it is out of state. Don't want to create another job for yourself? So who do you need on your team? What process can you put in place? It doesn't matter if it is local or out of state. The process and systems are the same with the goal that you are not in it." (7:17-7:42)
• “We try not to do everything ourselves. We can't have buildings in other states now and do everything ourselves. But had we gotten that lesson maybe a little sooner, maybe we would have expanded a little sooner.” (8:11-8:18)
• “If you want to invest, think about what happens if you lose it all? Can you live with it? Can you continue building it?” (9:46-9:55)
• “What's the best-case scenario? And we always want to encourage you to talk like that. Don't just talk about the worst-case scenario, that's not the fun part. But you need to talk about it, need to be very real and authentic about it.” (10:55-11:03)
InvestHER CON
Time: June 23-24
Place: Charlotte, NC
InvestHER CON is a full circle transformational experience created with the women investors’ needs, desires, and schedules in mind. The event brings top-notch experts in Real Estate Investing, Business Strategies, and Self-Care who will push the boundaries, expand the mindset, and promote deeper connections among the attendees. Learn from real teachers who will share actionable strategies so you can leave the event with the knowledge, connections, and confidence to grow your investing business and live life on your own terms.
Get your ticket today: https://www.therealestateinvesther.com/investhercon
How To Join the InvestHER Movement
1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:
2) The Real Estate InvestHER Membership
STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms.
Apply today. We open doors in June. https://www.therealestateinvesther.com/reserve
3) InvestHER Community on Facebook
We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!
4) InvestHER Meetups Around the Globe
We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!
Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.
We have created exclusive content and support for the InvestHER™ eXp Team:
*Top skills and strategies to grow YOUR business
*How to utilize your “real estate agent” advantage to become a real estate investor
*Monthly live masterminds
*Become part of Libertas Organization with top coaches, Tim and Julie Harris.
Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.
Take your business to the next level without losing your sanity!
Join STRIVE membership and get the support and accountability you need to take the next steps towards achieving your goals on your own terms
