Where to invest if you have $100k (Minisode)

<p>$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.</p><p><br></p><p>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.</p><p><br></p><p>Listen to the conversation and come up with your own answer, too!</p><p><br></p><p><strong>Quotes</strong></p><p>• “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)</p><p>• “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)&nbsp;</p><p>• 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)</p><p>• “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)</p><p>• “If you want to invest, think about what happens if you lose it all? Can you live with it? Can you continue building it?”