The Good Financial Cents Show w/ Jeff Rose, CFP®

I recently received an email congratulating me on my 3-year anniversary with Fundrise. I felt this would be a good time to dive in and share how my investments were performing.

In this episode I want to give an introduction to Fundrise; what it is, how it works, and how you can get started investing in real estate. We will also talk about the different investment strategies that Fundrise offers.

I'm also going to share the details of my Fundrise portfolio; my strategy, my initial investment amount, and my return on this investment to date.

I am getting so many questions about Cryptocurrency!

Everyone wants to know what am I doing and is crypto a viable investment.

I got into Bitcoin when it dropped down to around $7,000. Since then, I have invested into Ethereum, Dogecoin, and a few others.

I am sharing my cryptocurrency investment strategy with you. I'm talking all about how much I invested, where I invested, and how that is working out for me.

Oh, and did I mention this $270k is completely tax free?

Spoiler alert: This episode could relate to 401k/Roth IRA Conversions.

I'll cover what I did, how I did it, and what that looks like going forward.

I am going to give you a quick refresher on the Roth IRA including, how to open an account, annual investment amounts, income limits, and other tips. I'll also share a behind the scenes look at where I am investing.

What happens when you have a spouse/family member that has a large amount of debt, and passes away?

Is this debt now your responsibility?

This can vary based on the state where you live.

This could have a major impact on your financial health and/or your financial goals.

Tune in and I will cover some of the questions you probably have around unpaid debt of a deceased family member.

What in the 'Doge' is going on?

How does a joke turn into an investment that is up over 6,000% for the year?????

As a reference, Dogecoin is a Crypto currency that was founded as a joke, years ago. It has been sitting around $0.01 to $0.03.

This has been blowing up for a little while now and is trading for around $0.60 today (around $0.34 at the time of this recording).

I have been wanting to buy Dogecoin for a while but just haven't acted on it.

Tune in and I will tell you more about what I did, and why.

Do you want to become a millionaire?

Before you can reach that goal, you have to do one thing.

If you are like me and so many other entrepreneurs, you probably have a ton of ideas on how to make your millions. Maybe you have narrowed down all of these ideas into one big vision.

Now you are faced with the problem of taking that first step. How do you get past that first big obstacle.

Tune in and I'll share some great advice to help you find clarity and do this one thing.

I once walked out of my bank holding $10,000 in cash. I thought the Feds were going to come knocking at my door to take me away!

Turns out if you withdraw $10k or more from your bank account you have to fill out special IRS forms. Another thing I learned is that you can not record bank transactions for YouTube videos!

The reason I went through all of this was so that I could record a video for YouTube to show you how to invest $10,000.

This is a great topic and one that never gets old. Have a listen as I share how I invested my $10,000.

68% of Americans do not have this one VERY important thing.

The crazy part? One piece of paper can take care of it all! It is really a lot easier to remedy than you may think.

Have you guessed what I'm talking about? Are you in this huge 'don't have' group?

Tune in and I will tell you exactly what I am talking about, why it is so important, and how you can get this taken care of today!

Trust me, you don't want to wait.

Can you really increase your productivity 1000%?

Yes, yes you can.

I'm sharing one trick that I have implemented in my daily routine that keeps me focused, productive, and on track to achieve my goals.

Transparent moment: I have not done this in the last three weeks due to everything going on in my life. Trust me I have noticed a significant drop in my productivity.

I am getting back on track and will be implementing this one trick each and every day. Can you join me and commit to adding this one trick to your daily routine?

One thing I have been doing with my children is making sure they have a financially sound future.

I am spending time teaching my children how to earn money, save money and invest their money. I set up a custodial account and purchased one share of stock for each of my two oldest sons.

My two oldest sons got to pick some of their own stocks and together we set up an account on stockpile for each of them.

I'm sharing all the details regarding tax advantages, setting up a custodial account, and how and when to transfer these accounts to your children.