A Touch of Woo Woo With Bevin Morgan | Ep. 57

• Bevin shares seeing the disparity firsthand: a 23-year-old client with no student debt versus clients 10 years older with negative net worth despite running businesses.

It’s just so easy to see the system that was set in place for them to make it almost impossible for them to broach that gap.

• Both hosts followed the Total Money Makeover but now advocate simultaneous 401(k) contributions—especially when a match exists—because the dollars are effectively invisible from take-home pay.

If I had started back then when I was 26… just imagine how much we would be sitting on.

• Tiffany advises rolling former 401(k)s into IRAs to avoid post-employment fees and unlock the full market instead of a limited menu.

• Pre-tax contributions lower taxable income
• IRAs offer broader investment choices
• Leaving money behind means paying unnecessary fees

• Modern platforms let anyone start with $5 recurring deposits; Bevin’s change-round-up account reached $1 k with almost no effort.

You don’t have to be rich to get rich necessarily.

• Bevin’s buy-and-hold duplex strategy works but is time-intensive; she’s considering liquidating into REITs for a more hands-off approach.

Real estate is not for everybody and it’s not as sexy as the internet would make it seem.

• Tiffany explains public vs. private REITs and cautions listeners to understand liquidity and fees before investing in any private placement.

Warren Buffett always says he does not invest in anything he does not understand.

• Bevin wishes she had used an FHA loan on a multi-unit property in her mid-20s instead of following the traditional debt-free-then-buy path.

If I had thought about it more closely, I would have said, by the time I’m 38, it’d be really great if I was sitting on a nice big pile of cash.

• Tiffany views land as a non-renewable, generational asset but stresses budgeting for repairs and choosing based on longevity, not emotion.

Land can be passed down from generation to generation.