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Home Market Research Investing

Money Moves to Make Once You Hit a $250K Net Worth

by TheAdviserMagazine
5 months ago
in Investing
Reading Time: 14 mins read
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Money Moves to Make Once You Hit a 0K Net Worth
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In This Article

Your needs change as you build wealth and mature financially. Just like you don’t live in a dorm room anymore, what got you by when you were a scrappy upstart won’t necessarily cut it when you start playing in the bigger leagues. 

Start with these money moves when your net worth hits $250,000. When it hits $500,000, you’ll need to make different money moves, and then again at $1 million, and so on as you scale the ladder. 

1. Form an Independence Plan

If you don’t have a destination in mind, it’s hard to make progress toward it. 

What would it take to reach financial independence? How much passive income from investments do you need to cover the lifestyle expenses you want? 

There’s no right or wrong answer. Some “leanFIRE” folks live perfectly content lives on $40,000 a year. Others want a six-figure income even after ditching their day job. 

What does “enough” look like for you? Take some time to write out what your ideal life looks like, including where you live and what you spend on living expenses. You can revise it later, of course, but it helps to have goalposts to move toward. 

2. Form a “Work Forever” Plan

Now that you’ve wrapped your head around an independence plan, we’re going to throw it out the window. 

I’m half kidding—but we are going to approach the puzzle from the opposite direction. 

As nice as it looks on vision boards, sitting on a beach and sipping piña coladas for the rest of your life is a terrible goal. A better goal: doing fulfilling work that lights your soul on fire. 

Start thinking about what you would want to work on if money were no object. What does your ideal work look like? How would you change the world for the better? What work would make you excited to leap out of bed in the morning? 

It probably won’t pay as well as your current high-stress day job. That’s OK. The point is that you’ll still earn money, so you can move your goalposts a lot closer than what you’d need for full financial independence. 

You don’t need to cover your entire living expenses with passive income to reach your ideal life. You just need enough to supplement your dream work’s income. 

3. House Hack

Housing makes up the largest expense for most people. So? Get rid of your housing payment. 

Buy a multifamily property with a conventional mortgage and a tiny down payment, and rent out the other units. Or rent out rooms to housemates. Or add an ADU, or rent out some or all of your home on Airbnb sometimes, or use any number of other ways to house hack. 

My cofounder hosted a foreign exchange student to house hack. The stipend paid for most of her mortgage payment. 

My wife and I house hack through her employer, who provides us furnished housing. 

Get creative and knock out your housing payment. Without having to pay that, you can funnel far more money into investments that generate passive income. 

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4. Diversify Your Real Estate Investments

At a $250,000 net worth, perhaps you’ve started adding real estate to your portfolio beyond your primary residence. That could mean owning shares in REITs, or real estate crowdfunding investments, perhaps a rental property or a real estate syndication. 

It took me decades to learn how to invest passively with small amounts. Eventually, some other investors and I decided to take matters into our own hands and start a co-investing club through SparkRental. 

You can form your own, or you can join ours. Every month, we meet on Zoom to vet a new passive real estate investment. Any of us can invest with $5,000 or more if we like that month’s deal. 

Find a way to ramp up your real estate portfolio—without concentrating too much money in any one investment. 

5. Revisit Your Emergency Fund

Up to this point, you may have measured your emergency savings in dollars. It’s time to start measuring it in “months of living expenses.” 

For a W2 employee with plenty of job security and stable expenses, you might get away with one to three months’ living expenses. Someone with less job security or unstable income or expenses might need six to 12 months. 

That said, you don’t need to put every dollar of savings toward your emergency fund. After the first $1,000 in your emergency fund, try setting aside 20%-40% of your savings toward it and putting the rest in investments. When you get to one month’s living expenses, maybe scale that back to 10%-20% of your savings. 

You’ll keep growing your emergency fund until you reach your target, but it takes a back seat to your other financial goals. 

6. Pay Off High-Interest Debts

The higher the interest rate on a debt, the higher the priority in knocking it out early. 

For example, if you have a fixed 4% mortgage, you can leave that in place indefinitely. If you have a credit card balance charging you 15% interest, you should knock that out immediately. 

Where should you draw the line? It depends on the kinds of returns you think you can earn on your money. If you’re confident you can earn 10% returns, you can potentially keep that 6%-7% debt in place and invest your savings instead of putting it toward early debt payoff. 

Or, if you want to earn a risk-free return, pay off the debt. 

7. Create or Update Your Estate Plan

Everyone needs an estate plan. To die without one is to leave your surviving family members with a terrible mess to clean up. 

The larger your portfolio of assets, the larger the mess. At a quarter-million-dollar net worth, you have real assets, and you need a detailed last will document outlining your instructions for probate. 

That goes doubly for any parents with minor children. If you want your favorite sister to raise your kids rather than your evil Aunt Sue if you kick the bucket, make sure you include that in your estate plan. 

You don’t necessarily need to hire a fancy attorney. Start with a DIY platform like LegalZoom or LawDepot, which does a pretty good job and makes it easy to update your will. Later, when your net worth reaches seven figures, you can look into possibly hiring an attorney to look it over and tweak it. 

You’re not a kid anymore. You’ve grown up some, and your money mindset and behaviors also need to mature. And as your net worth keeps growing, so too will your financial sophistication.

A Real Estate Conference Built Differently

October 5-7, 2025 | Caesars Palace, Las Vegas For three powerful days, engage with elite real estate investors actively building wealth now. No theory. No outdated advice. No empty promises—just proven tactics from investors closing deals today. Every speaker delivers actionable strategies you can implement immediately.

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G. Brian Davis

SparkRental

Brian Davis runs a real estate investment club at SparkRental.com, allowing members to pool funds for fractional in

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by TheAdviserMagazine
October 30, 2025
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Published on October 28th, 2025 by Felix Martinez High-yield stocks pay out dividends that are significantly higher than the market...

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The Best Long-Term Rental Markets According to the Data (and Common Sense)

The Best Long-Term Rental Markets According to the Data (and Common Sense)

by TheAdviserMagazine
October 29, 2025
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In This Article We all love hearing about “hot” markets, but by the time they’re called hot, they’re already cooling...

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Private Equity’s New Exit Playbook

Private Equity’s New Exit Playbook

by TheAdviserMagazine
October 29, 2025
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Private equity (PE) exit strategies have adapted and evolved past the days of smooth IPO runways and quick M&A turnarounds...

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Now He’s Saying to Buy

Now He’s Saying to Buy

by TheAdviserMagazine
October 29, 2025
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Brian Burke is one of the most revered minds in real estate investing. Almost nobody has done what he has—purchased...

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The 10 Cheapest Dividend Kings Trading Below Fair Value

The 10 Cheapest Dividend Kings Trading Below Fair Value

by TheAdviserMagazine
October 28, 2025
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Published on October 28th, 2025 by Bob Ciura Most investors focus primarily on the growth prospects of stocks in order...

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2025 Dividend Discount Model | Excel Calculator & Examples

2025 Dividend Discount Model | Excel Calculator & Examples

by TheAdviserMagazine
October 28, 2025
0

Updated on October 28th, 2025 by Bob Ciura The Dividend Discount Model is a valuation formula used to find the...

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Doing This Just 3 Times a Year Might Lower Your Cancer Risk

Doing This Just 3 Times a Year Might Lower Your Cancer Risk

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Retiring at 65 Could Become the New Financial Suicide

Retiring at 65 Could Become the New Financial Suicide

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77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

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Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
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What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
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Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
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Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
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California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
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Avoiding the Predatory Loan Trap

Avoiding the Predatory Loan Trap

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India to approve deals worth .7b for Israeli defense missiles

India to approve deals worth $3.7b for Israeli defense missiles

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MSFT Earnings: Microsoft reports higher Q1 revenue and profit; results beat

MSFT Earnings: Microsoft reports higher Q1 revenue and profit; results beat

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TAQA to sell 250MW lignite power plant to India’s MEIL Energy

TAQA to sell 250MW lignite power plant to India’s MEIL Energy

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High Dividend 50: Cross Timbers Royalty Trust

High Dividend 50: Cross Timbers Royalty Trust

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By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

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India to approve deals worth .7b for Israeli defense missiles

India to approve deals worth $3.7b for Israeli defense missiles

October 30, 2025
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TAQA to sell 250MW lignite power plant to India’s MEIL Energy

TAQA to sell 250MW lignite power plant to India’s MEIL Energy

October 30, 2025
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By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

By All Means, Elect Mamdani and Watch His Socialist Laboratory at Work

October 30, 2025
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The Best New Skills to Learn to Future-Proof Your Career

The Best New Skills to Learn to Future-Proof Your Career

October 30, 2025
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How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

October 30, 2025
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High Dividend 50: Cross Timbers Royalty Trust

High Dividend 50: Cross Timbers Royalty Trust

October 30, 2025
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