How to Money · Friday, July 3, 2026
Joel advises listeners to establish a solid financial foundation before considering real estate investing. This includes maximizing tax-advantaged retirement accounts, paying off high-interest debt, and building an emergency fund, arguing that these steps should precede saving for a down payment on an investment property.
“First is, how are you doing with those tax advantage retirement accounts? If you don't know what a four oh one K is or you haven't considered a roth iray yet. First things first, we want you we want you to be at least getting the match from your employer if you're employed at a full time gig who offers you a retirement account.”
“We want you to have just a solid financial foundation, right. We want you to have no high interest rate debt. We want you to have a fully funded emergency fund.”
“Basically, we want you to do things in the right order, and it starts with, like you said, you'll having some margin in your life, an emergency fund, but getting rid of that high and straight debt, but then also making sure you are invested in the most simple of ways before you then start saving up.”