Building wealth through real estate is often promoted as a path to financial freedom, but it may not suit everyone, especially those in their 40s focusing on lifestyle and retirement goals.

In this episode, Dr. Preston Cherry emphasizes prioritizing foundational investments like 401(k)s, IRAs, and brokerage accounts before considering real estate, as nearly half of real estate owners fail to achieve a 10% return.

Challenges such as maintenance costs, tenant management, and market volatility are explored, alongside passive alternatives like REITs and crowdfunding. Ultimately, aligning financial strategies with one’s life stage and goals is key, as real estate is just one of many paths to financial success.

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry dispels common myths about retirement age and encourages proactive emotional and financial preparation to ensure that retirement is approached with confidence and clarity.

He emphasizes the significance of redefining retirement not just as an end but as a transition into a phase of freedom and opportunity.

Key Points:
• Redefine Retirement
• Know Your Freedom Number
• Implement a Spending Plan
• Emotional Intelligence Preparation
• Prioritize Health

Want to learn more? Connect with us below!

Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'

Sign up for 'Make Your Finances Flourish' Live Workshop!

Get a Free Finances Guide and Check Out Financial Planning Services

Receive Our Free Personal Finance Newsletter

Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/

Are you falling into the trap of following the herd? In this episode, Dr. Preston Cherry breaks down why blindly imitating others can hurt your finances, especially when it leads to buying high and selling low.

This episode emphasizes the importance of understanding one's long-term financial goals and matching investment actions to these objectives, avoiding impulsive decisions driven by fear of missing out (FOMO).

Key Points:
• Behavioral Pitfalls in Investing
• Core and Satellite Strategy
• Crypto Caution and Discipline
• Traditional vs. Decentralized Finance
• Educating Investors

Want to learn more? Connect with us below!

Pre-Order Dr. Cherry's book 'Wealth In The Key of Life'

Sign up for 'Make Your Finances Flourish' Live Workshop!

Get a Free Finances Guide and Check Out Financial Planning Services

Receive Our Free Personal Finance Newsletter

Dr. Preston D. Cherry

What we share here is for educational purposes only, not personal financial advice. Feel free to join in the discussion! See our disclosures for more information: https://www.concurrentfp.com/disclosures/