Updated over 5 years ago on . Most recent reply
Finances of a Real Estate Investor
I'm curious to learn more about personal finance choices that BP members have made in addition to owning real estate. As you build your wealth, what are your "must have" numbers or "must do's" in life? Many recommend maxing out retirement options first before reallocating money into other pockets. Examples-
- - Max out Roth IRA (currently $6k max)
- - Max out company 401k matching (or the equivalent of 401k)
- - Contribute to regular IRA (up to $13.5k)
- - Pay off all debts (except mortgage)
What are some personal finance tips you always give to others and why?