Episode Twenty-Three: What Should You Do with Your Cash?

In this episode:

Investment options are in flux right now. Interest rates on typical investments have been at an all-time low for the last 12 years, and many people have their retirement funds in cash. Due to the fed raising interest rates on borrowed money, many investment options are improving — in many cases dramatically. This trend may only last a year or so. To take advantage of the changing economic environment, check out this podcast.

Highlights from the interview:

01:32 Are you sitting on cash with nowhere to put it? Lance reveals where he puts his money.

02:40 Cash is King! Randy explains why.

04:18 For the last 12 years, CDs have only been providing about a 0% interest rate. Is that changing?

04:59 The “yield curve” is defined.

07:55 Where can you get 4.5% interest in a safe investment in three months? Randy reveals! (hint: treasurydirect.gov)

15:56 While rates are higher now than they’ve been for CDs, are there disadvantages to investing in CDs?

17:25 Lance explains self-directed IRAs and elaborates on the pros and cons.

20:06 Randy expands on the benefits of self-directed IRAs.

24:22 Randy asks Lance if we are in a buyer’s or seller’s real estate market and segues to the next episode.

Resources:

Go to www.LanceEdwards.com to learn more about Lance and his investments.

Sign up for Randy’s newsletter at www.LifetimeParadigm.com and learn about Randy’s services.

If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance’s best-selling book, “How to Make Big Money in Small Apartments.”

Get Randy’s FREE “The Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit