081 - What Should I Do When I Receive a Windfall‪?‬ Real Personal Finance

In this episode of the podcast, we have a listener question:
I am about to come into a decent sum of money from selling a rental property. I’m 30 years old, invest 22 percent into my 401k (that has a balance of 45k currently). My plan was to invest this money in a total market index fund and an international index fund. Is this my best option? I also have a house that I owe about 215k on. Thank you in advance!
Planning Points Discussed
Tax Planning Investment Strategy Real Estate Asset Allocation Other Issues (Emergency Fund, Financial Goals, Estate Planning) Timestamps:
1:00 - Shoutout to the Listener Question
5:00 - When Should I Start Investing After Receiving A Large Sum?
6:20 - When Does A 1031 Exchange Make Most Sense?
7:35 - Where To Start When Making An Investment Plan?
8:18 - Refinancing Your Home & Interest Rates
12:05 - Having An Emergency Plan
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