How Diversification Builds Wealth Faster Than You Think | Tess Waresmith | Bigger Pockets Podcast
EPISODE 534: Is diversification the smartest way to build wealth? Or is it just a strategy to play it safe?
These are the questions we aim to answer in this week’s episode of The InvestHER Podcast.
And to do that, we’ve invited an expert, the amazing Tess Waresmith.
Tess is an investing educator and the founder of Wealth With Tess, a financial education community that inspires and empowers women to take ownership of their financial future and learn how to grow their money through investing.
In this episode, Tess will be sharing with us why balancing real estate and stock investments allows flexibility and risk mitigation, how she grew her net worth to $1.3 million by 35 as a single woman, why even the smallest real estate investments can be a stepping stone towards bigger opportunities, and much more.
Are you ready to build your own diversified and purpose-driven portfolio?
Then tune in now!
Key Takeaways:
Introduction (00:00)
Why you need to diversify your investment portfolio (00:40)
Tess’s first investments (03:54)
The best way to research your market (09:10)
Why the stock market? (11:02)
Let’s talk about stocks (18:19)
How to diversify properly (25:33)
Why are you buying more properties? (33:49)
Additional Resources:
⚡ Connect with Tess
Follow Tess on Instagram: link
Learn more about Tess’s work: link
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Liz & Andresa
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The InvestHER Podcast is a podcast by women for women all over the world who want to learn how to invest in real estate, grow their portfolio, and develop the mindset that allows them to run successful businesses while taking care of their families and – most importantly – taking care of themselves. Follow us for more!
