NerdWallet's Smart Money Podcast - Real Estate Syndication 101: What to Know Before You Invest

Episode Date: September 21, 2026

Learn what to weigh before investing in real estate syndications, including costs, risks and REIT alternatives. Should you diversify into real estate, and is real estate syndication the right way to do it? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola talk with NerdWallet investing writer Sam Taube about what real estate syndication actually involves, the different ways to get in — from online crowdfunding platforms to launching your own deal — and the questions worth asking a sponsor before committing any money. They cover how much capital it typically takes, how long that money could be tied up, and why accredited-investor rules can lock out everyday investors. Sean and Elizabeth also weigh the potential tax benefits against the risks, including past scandals at some online platforms, and talk through simpler alternatives like real estate investment trust (REIT) ETFs for anyone who decides a private syndication is more risk and paperwork than it's worth. They wrap up with a candid conversation about financial anxiety on social media and why it's still worth saving even when money feels tight. Check out NerdWallet's roundup of real estate crowdfunding platforms: https://www.nerdwallet.com/investing/best/real-estate-crowdfunding-platforms Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [e-mail]. Like what you hear? Please leave us a review and tell a friend. *The show notes were created with the assistance of AI. They have been reviewed by our editorial team for accuracy and quality. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's episode is brought to you by Vinted. Sean, do you have clothes in your trunk that you've worn but have no idea what to do with? You know what? I do not because my car is super clean right now. But I'm betting that you do, Elizabeth. I sure do, Sean, unfortunately. And I've been wondering what to do with these clothes. And then I found out about Vinted. So they're like this secondhand marketplace app and their mission is to make secondhand

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that's a great perk. Vinted makes listing items quick and simple, and once an item sells, Vinted creates a pre-paid shipping label for you, which takes out a lot of the burden of sending your items. See what's hiding in your closet, or like me, your trunk, and you might be surprised how much you can earn with Vented. Download the Vinted app for free to start listing with absolutely no seller fees. Hey, smart money listener. You could win a $250 Amazon gift card and help improve our show. We're inviting you to take our annual listener survey. It's shorter than last years and could bag you a sweet grand prize. We're giving away not one, but two, $250 Amazon gift cards. To participate, just visit nerdwollet.com slash pod survey or check out the link in the show notes

and submit the form by September 30th for a chance to win. Official rules are at nerdwollet.com slash pod survey. Good luck. Katie wants to diversify into real estate and is considering real estate syndication. Today we break down what it is, what it costs, and also what's at state. Welcome to Nerd Wallet's Smart Money Podcast, where you send us your money questions, and we answer them with the help of our genius nerds. I'm Sean Piles. I was going to serenade myself, but I won't, and I'm Elizabeth Ayola. This episode, we're talking about something that we have not touched on in some time, and that is real estate investing. Thanks to you, Katie, hopefully you're listening and watching. They want us to weigh in on the pros and cons, so here is their question.

I hear I should think about diversifying my investments into real estate. I don't need to learn another profession so I don't want to manage rental houses or STR short-term rental. Can you tell me about getting into real estate syndication? Pros and cons. Minimum investment for most places. Questions I should ask as I talk to its sponsor. How long will the capital be tied up as well as everything I don't know? Thanks, Katie. Well, Katie, we can't teach you everything that you don't know because that is a long list that extends well beyond real estate investing. But we'll give you some tips today and we're joined by nerd wallet investing writer Sam Taub to help out. Sam, welcome back to smart money. Long time, no sake. Sam, let's start by outlining what real estate syndication is. So real estate

syndication is a group investment where a bunch of investors pool their money together to buy or build something, typically something big, like an apartment complex or a shopping center. Big, expensive things that you need a lot of money for. Well, you can get involved with real estate syndication in different ways, Sam. I know because I was researching the topic. And one is by joining a real estate crowdfunding platform. Can you explain to me how this works? Real estate crowdfunding platforms organize these kinds of syndications online, which gives investors some of the ease of use of like an online brokerage account, although you can't necessarily buy and sell whenever you like as if you're trading stocks online. But it does kind of give

you some of that easy user experience. NerdWallet has a roundup, actually, of online real estate crowdfunding platforms that we can put in the show notes of this episode. Okay. That sounds it's almost somewhere between a Kickstarter account and a fidelity or another kind of taxable brokerage account. Is that about right? Yes, definitely. Yeah, those are other types of crowdfunding accounts, your Kickstarter and your Indiegogo and whatnot. But there are other points of entry into syndicate investing. Can you talk about those two? Old school real estate syndication is generally just about knowing a guy. It's about networking. But nowadays, there are also online networks you can join. Angel Investors Network and Grid Inns.

investor network are two of the bigger ones that can facilitate access to private deals, not on these platforms. On the other end of things, one investment vehicle that's open to pretty much everyone is real estate investment trusts. These are publicly traded funds. They're kind of like exchange traded funds, but they're structured a little differently. But basically, they invest in real estate on behalf of shareholders. And they're available in pretty much all brokerage accounts. Now, granted, these aren't quite the same thing as real estate syndication deals, but they're another kind of pooled investment in real estate. And for that matter, they're actually significantly easier to buy and sell than an investment in a private syndication deal. Yeah, someone who is lazy with her money.

As soon as I heard about REITs, I was like, yes, please, that's for me. Okay, so for the people out there who are maybe like, hey, I don't want to go the crowdfunding platform way, and also I don't want to go the REIT way. Sam, they could also start their own syndication, right? For the ambitious folks? For the ambitious folks, sure. You'd probably need to be a real estate lawyer or have the money to hire a bunch of real estate lawyers.

But you could theoretically do it on your own. Starting up your own syndication would mean incorporating a company and then drafting a bunch of complex legal documents like a private placement memorandum, which is basically an investment prospectus for your partners that outlines objectives, risks, and so on. So it also means, you know, potentially exposing yourself to a lot of legal risks. If you don't want to deal with all that lawyering, you're probably better off just joining someone else's

syndication. Sounds like our listener, Katie, will be more in that ladder camp because they don't want to take up a whole new profession or go to school or anything. They just want to invest in real estate, and this is one way they're considering doing that. There are different members of a syndication, but two key ones are the syndicator or sponsor who leads strategy and financing initiatives, and the passive investor, which it seems like Katie would hope to be. What are some questions that Katie or anyone else in the situation should be asking to ensure they're choosing the right real estate syndication or sponsor, as Katie mentioned?

I'm thinking here about, you know, communication agreements, profit sharing, voting. Those are good things to ask about. And then I think another thing I'd add is track record. Has the person ever completed a deal? Did it make money or did it lose money? Do they have people who come back and invest with them again after previous deals. This is probably something to ask them and see what information they give you. And for these sorts of deals, sponsors are typically required to file forms with the Securities and Exchange Commission. And so you could use the SEC Edgar database to kind of verify what they tell you by looking for their name. I think you'd really want to do your due diligence and make sure they have done all this

filings before you give anyone any money so that you don't end up giving it to some sort of scammer who's promising a bunch of returns on some kind of real estate project. For sure. Katie, if you love Reddit as much as I do, go on there. Of course, do your research and ask all these questions, but some people in the Reddit apparently lost money doing this. So you definitely want to be aware of scammers and you don't want to lose your hard-earned money. Now, speaking of money, what about the cost, Sam? As we know, you can buy stocks for pennies. Now, is it the same for real estate syndications? Do they have a low point of entry or is it on the higher side? It depends what you define as a low point of entry. Some online.

syndication platforms advertise a pretty low point of entry. Like, Fundrise's minimum investment is technically only $10, although a lot of the specific investments on Fundrise have multi-thousand-dollar minimums. Equity multiples minimum is $5,000. Now, having said that, that's still on the low end compared to what you're looking at for like a traditional private offline syndication. In that case, you might be looking at $25,000. 50, maybe even $100,000 or more.

And if you think about what you're actually investing in, those numbers make a lot of sense because it costs a lot of money to build something like an apartment complex or a mall or some sort of event arena. So you're going to have to pony up a lot of cash if you want any kind of sizable return, I imagine. Definitely. So Sam, let's talk a little bit about how long folks' money might be tied up and what kind of return they might expect for putting money into something like this.

What should people know? So when it comes to duration, it's probably good to expect your money to be tied up for at least five years. That's what Fundrise advertises on its website, and that's generally the same as what you'll kind of expect from a lot of private syndication deals. Now, some of the online platforms that we're talking about offer shorter term options, but they may not be as profitable as long-term deals, and they may even have like an explicit penalty attached to them. Fundrise, for example, offers early liquidation with a penalty on some investments and equity multiple issues short-term debt securities that finances projects that mature in just a few weeks or months in addition to offering long-term deals, but those aren't the same and don't pay quite as much. According to equity multiple, actually, debt securities tend to target an annualized

rate of 8 to 12 percent, whereas the rate of return can be as high. as 15% for investing directly in deals. But a caveat that we have to attach to that is that real estate investing deals like this can be risky. And there is a risk that projects completely fall apart and investors can take a total loss. Sam, how much more risky in terms of the losses? I know we can't probably do it for dollar for dollar. Would this be compared to an REIT for example?

The amount of money at stake is going to be significantly higher. As we talked about, a lot of these, even the kind of, easy to access online platforms. A lot of them have multi-thousand-dollar investment minimums for both deals. So, you know, you're wagering a lot more than you would if you were just buying a few shares of an REIT in a brokerage account. And then on top of that, private investments of all kinds, including real estate syndication deals, are not necessarily vetted and regulated as strictly as publicly traded investment companies and funds are. And so there is a lot of a lot more of a risk that the apartment building never gets built or you know just the project

completely goes to zero and the investors lose everything and we'll talk a little later about how some of these online platforms have come under fire in recent years for kind of underplaying that risk to investors so it seems like there's a much greater onus on the investor to really understand the specific project and how viable or risky it might be compared with something like investing in in an ETF for some sort of index fund. Absolutely. I was just envisioning myself sliding down a wall, if that ever happened to me and my $50,000 just went down the drain. Lots of drama. Yeah, be really kicking myself. We'll be back in a minute. Stay with us. Don't you wish you could just hit skip on the worst parts of your life? You know, the same way you can skip an ad. I get it.

I'm Siaya and I live in Ice Cove. I've made some questionable decisions that didn't end up the way I planned. And today I'm still figuring it out. Somehow things usually get worse before they get better. Apparently, that's how I roll. So bundle up and come along for the bumpy ride. Stream a new episode of North of North Tuesdays on CBC Gem. Sam, let's get into the requirements in order to participate in a real estate syndication. What do you need except for thousands of dollars in some cases? Well, you actually need millions of dollars in some cases. Typically, real estate syndication is only open to accredited investors. And that's someone who has a net worth of at least one million, not counting their primary residence, or an annual income of at least $200,000 for a

single taxpayer or $300,000 for a married taxpayer. I really want to underscore that because that's such a frustrating part of the investing world that's so biased toward the wealthiest of the wealthy. I want to underline, too, that just because you have a million dollars, that doesn't mean that you're financially savvy. You could have just inherited that money. Yet other people who actually might know more about investing and don't have access to that kind of capital are excluded from investing in this just because of these rules, which I find really frustrating. I think that defenders of those rules would say that, you know, it's supposed to be kind of protecting people who don't have as much from losing their shirt on this. But it does

definitely lock us normal folks out of a lot of different types of investment opportunities. Yeah, it's patronizing, but that's not the focus of this conversation. Yeah. Just had to give my two cents on that. One of the platforms we review Fundrise has some options that are open to non-accredited investors, but if you're looking at a private deal, you need to meet those thresholds. Well, let's talk a little more about how investments are managed and maintained, because this is a sort of passive investment, right?

Yeah, the online platforms kind of simplify the process of like keeping track of your investment and keeping the paperwork together. that's one of the main benefits of going through these online platforms. But otherwise, that's pretty much all the responsibility of the sponsor, which is part of the reason why it's so important to ask the sponsor about how things are going to work, what their track record is. They don't just have your money in their hands. They also kind of are wholly responsible for keeping the process organized and keeping you informed.

I'm thinking about how this type of investment fits into your broader portfolio. I know one of the appeals of real estate investing is that you can get returns that aren't necessarily correlated with the market. In other words, it's a way to diversify your portfolio, which we're always harping on about. So should everybody consider diversifying their portfolio into real estate? Wait, yes, this is a trick question because I know we don't give financial advice. But what do you think, Sam? The caveat that we have to give is, you know, it's a good idea to talk to an advisor about real estate decisions like this. What I can talk about is kind of the statistics here.

So, yes, the diversification you get from real estate can be good for an investment portfolio. And that's one reason why even a lot of lazy portfolios that are just made out of ETFs and mutual funds and things, they often include a small allocation to REITs or real estate focused mutual funds or something else because real estate returns aren't necessarily correlated with the stock market. But having said that, it's also worth noting that when it comes to long-term average returns, real estate actually tends to trail the stock market for the most part. Over a period of decades, you're looking at average annualized returns of four to six percent in real estate versus 10 percent in the case of the stock market.

All right, Sam, well, now that we understand the basics, let's look at the pros and cons, which Katie wanted to know. What are some pros? Let's start with that. I know tax benefits are a big one. For sure. As we talked about, these are generally long-term multi-year investments. And because of that, their profits, are usually taxed at long-term capital gains rates, which are lower than income rates. And then on top of that, there are a lot of deductions available in real estate investing, which reduce those taxable gains even further. There's depreciation, building wear and tear, maintenance expenses, mortgage interest, all of those can potentially be deducted from the profits that you have to actually pay taxes on. All right, let's talk about some cons. And thinking here, like we touched on before,

that risk is a big one. Yeah, these sorts of real estate partnerships, as we talked about earlier, are not regulated like publicly traded companies are. They're not regulated as closely, I should say. And if you go into the private route, there's a very real risk of putting quite a lot of money into a project that just never gets realized and completely falls apart. As I touched on earlier, a couple of these online real estate platforms, Yield Street was one that had a big scandal a couple years back. Realty mogul also has come under fire for just misrepresenting the risks to investors. And they've kind of been accused of duping people into losing a lot of money on failed projects. Our roundup of real estate crowdfunding platforms, we keep it updated in light of these kinds of stories.

We pay pretty close attention to this. And we kind of prune it to only include platforms that haven't had a big scandal like this and have a decent reputation when it comes to curating investments, managing, risks and communicating the risks with investors. But something we keep coming back to again and again is it's buyer beware when it comes to these kinds of investments. Total losses can happen. So you really got to do your due diligence on every project. And have a high appetite for risk. Good luck. Now for people who do not want to get involved in real estate syndications, broaden it out here and are considering REITs, how do they go about buying those, Sam, or investing in them?

It's a lot easier than what we've been talking about here. REITs are available in pretty much any brokerage account. I mean, pretty much all the major ones offer exchange traded funds and similar things. REITs are technically a little different, but they tend to be available wherever ETFs are available. Now, you still have to do some investment research if you're investing in REITs. We actually have a page on the best performing REITs that folks can check out in the show notes. but if you really want to kind of play it safe and take the diversified approach, you can also

buy into real estate index ETFs that invest in a whole bunch of REITs for you. The three biggest of those by assets under management are the Vanguard real estate ETF, the Schwab US REIT ETF, and the State Street Real Estate Select Sector SPDR ETF. There are a number of easier ways that people can get some real estate exposure in their portfolio than doing these private deals. I do wonder how Katie came across real estate syndications that seems so niche in the world of real estate investing. But Sam, any final thoughts about investing in real estate or real estate syndication? Thinking of what you just brought up there, when I was kind of reading about the bad press that some of these online platforms like Yield Street and Realty mogul have gotten over the years,

Part of it is that some of these platforms advertise pretty aggressively. I think that that's kind of something that has become part of the equation over the last few years. It's alluring to think about investing in these big projects like a one percenter. And that's something that these companies' marketing often touches on. But it's a whole lot of risks and it can just really be a pain to keep track of this sort of thing, even if the project goes well. And for most folks, there are much simpler ways to invest, whether in real estate or otherwise, that don't have as much risk and don't require you to totally understand the business proposal of a real estate project. Yeah. Sam, I have one last question for you.

Sure. If you had a million dollars and you were earning over $200,000, would you do this type of investment? If I had some personal connection to the project, if it was like something in the neighborhood that I live in and, you know, I had that kind of like, street level knowledge of what I was doing. Maybe I'd consider it, but it just seems like a lot of anxiety and a lot of paperwork and a lot of risk for something that, as we talked about, tends to earn less over the long term than just a simple stock market portfolio does. So I don't know if it's for me personally. I'm going to take that as a no. Great. Well, Sam, thank you so much for coming on today. Thanks for having me. Sean, I'm back on

social media. I saw that, Elizabeth. Welcome back to the cult. I hope that you've lost all of your free time. I know, scroll, scrolling your life away like me. You know, I'm in an interesting place because I am still scrolling quite a lot. I'm also not using my brick. I told you I have a brick. Yes. I think I'm trying to trust my intuition. Yeah, I think I'm just using it intuitively. And when I realize I'm scrolling too much, I literally throw my phone across the room. So, great. I hope you have a good case. Thank you. It's working out somehow. But I have, I do have a dilemma, Sean. Okay. What's that? I have found myself on the side of TikTok, the money side of TikTok, where people are really struggling financially. People are struggling to find work. And also, I'm coming across people who are saying, forget about retirement. I'm going to be working forever. I'm spending the money now. I'm not saving anymore. And it actually has been weighing heavily on me. It's been making me feel a little sad because I know, the economy is rough for many people right now. People are feeling hopeless. Consumer sentiment is down. But I'm having to remind myself to have some sort of a balance, right? That it's not all bad

and that there's still hope. But I also sometimes feel a little guilty about telling people to save and budget when some people don't have much to save and budget with. And that isn't really helping everyone's situation. So what are your thoughts? Well, one thing I'll say is we know these algorithms are really sensitive. So if you watch one video about someone who's having a really hard time, you'll be getting a bunch of other videos. So that can make it seem like it's maybe a bigger issue than it might be. Although we of course know that people are having a very hard time saving. The savings rate now is around 3%. We saw it be much higher during the pandemic and folks are just struggling to pay for their groceries. So investing seems almost like a luxury that folks just can't

really afford. And I have plenty of friends who are of that kind of doomer Yolo mindset and they just don't want to put anything towards investing because the world is burning. And what I hear is that they are guaranteeing a hard time for themselves down the road. Whereas if they do invest something, even $50 a month, they're at least making some progress to build a more secure future for themselves. So I try to emphasize that, but it can be really hard to shake out of that mindset of just, eh, everything is so crappy. Why bother looking toward the future because things are so bad right now? And that just, to me, is sad. Why are you giving up on your future self? I love that you said that. Why are you?

giving up on your future self and it takes me back to times where life wasn't as rosy for me and I wasn't in the best financial positions and if I had quit and said I'm not going to save anything and I'm just going to yolo I might not be where I am today. Things can get better, right? Nothing is permanent. So how did you get out of that sort of dumer mindset? What changed for you? The truth is I don't have a dumer mindset, Sean. I'm very, very optimistic and I have just never envisioned a life where I wouldn't be okay, especially financially. And maybe because I see money as what it is, a currency, and I feel like, why would it not be accessible to me? There may be times where I have more of it or less of it, but why can I have it? It isn't some magical, elusive thing. It's money. And we all have

access to it. I know there's inequality. I am always talking about inequality, so I'm not negating the fact that more people have access to it than others. But I just don't see why not. I shouldn't have money like why not? I think people underestimate the amount of agency they do have with the money at their disposal and this is sort of adjacent to the whole investing thing. But I've been really thinking about how we have a lot of flexibility and more options when it comes to spending our money than we might realize. Yes. One thing that's stood out to me, a recent story is that I went to a gym when we had really bad wildfires here in Oregon and I was training for my mountain run around Mount Hood. I still needed to hit my like 40 miles that week. But I couldn't do it outside because

because the air was literally poison. And so I found this gym that had seven days for free. And so I go in, they give me the sales pitch. The guy is kind of a jerk. And he's like, oh, so you just want to come in here for free and not sign up for a gym membership that was going to be like over $100 that day? And I was like, well, yes, you're exactly right, sir. Your website so I can come in for free. So I want to do that.

And I was like, look, you know, I just can't afford to drop $200 right now on this gym that I'm not even sure if I like. And he's like, well, let me know, like, your phone number. and I'll see if I can message you any deals. I'm dropping my voice because he was like super built and broie, as you might imagine. Oh, gosh. And let me tell you, this guy keeps texting me and the options that I'm being given is the same gym membership, but the price keeps getting lower and lower and lower. So what was initially around like $60, I just got an offer for $30 yesterday.

And did I take him up on it? No, because the smoke is gone and I can run outside again. But it just, I was trying to kind of play a game and just see how low I could get this guy to go on the gym membership that seemed like it wasn't flexible at all when I was first talking to him. And then eventually he budged and budged and budged and I could actually get a much better deal. And there are a lot of places in our financial lives where we have options like that that we might not realize. So it could be something like, oh, if your phone is broken, I think a lot of folks go towards just thinking they need the newest phone when refurbished phones or phones that are a couple of years old will be high. hundreds of dollars less. And I mean, iPhones are so wildly expensive right now. It just seems like not a smart move to buy a brand new one. So I would just encourage anyone that thinks that they don't

have enough money to invest to find other areas in their life where they can cut some money here or there. I mean, you can call your cell phone company, your internet company and try to negotiate a better rate. You can do the same thing with your credit card company. And just any sort of step you can take to loosen up your budget and get extra money for investing will help you so much in the long run. Yeah. And just give you some breathing room. I understand people. have debt and other financial obligations, but having an extra 100, 200, whatever it is, I live and die by, no, I don't want to die.

I live by my Kroger shoppers card that I have, and it helps me to save money, and I drive all the way to Kroger, for those who have access to Kroger. I said all the way, it's just six minutes away. But anyway, I know I'm going to get my bread cheaper. I'm going to get my milk cheaper. They're always doing to buy one, get one free,

and I'm always trying to save me some money. And I do the shopping with I, y'all, and sometimes we both see the discount at the end. end with the green, how much I saved. And even if it's $2, I'm happy. I saved two bucks. Yes. And that's a great lesson to teach your son, too. I shop at Fred Meyer, which is like local Kroger out here in Oregon, and I almost exclusively do curbside pickup. And that saves me a lot of money because I'm not being tempted by what I'm seeing on the shelf because I'm not even stepping into the store for the most part. So that's my little shopping tip. Also, I'm just so lazy.

I don't want to spend an hour going through all the aisles. So that's my thing. That used to be me, you know. I was an Instacart girlie, but I saw the inflation on the prices and how much extra I was being charged. And let me tell you, I hate the grocery store with a passion. It is the worst place than the world for me to go. But now I'm there multiple times a week, saves me money. So I'm like, I'll just go pick it up. Curbside pickup, at least if you spend, I think it's over like $30 or $50. I'm not exactly sure with Fred Meyer. The curbside pickup is free. So I'm not paying any extra to do that. And I really am saving money doing this. So that is. is some money that I could put toward investing if I thought to do it. But I got my monthly deposit set up into my brokerage account, so I'm good. We want y'all to comment on this episode, write us, email us, tell us about ways that you've been saving money lately and things that you've been negotiating on. We want to know so that we can share it with the people. Because I'm also realizing in these times, community is everything.

Sharing information, sharing knowledge, sharing those deals telling your friend, hey, they got some free. The other day, apparently Chipotle got rid of their honey, what is it, honey Chipotle chicken, and they were giving away free chicken all day. Would I have known that if my boyfriend's sister ain't call and say, I want to know, right? So we got to share love. No. Okay, for some reason, I mean, I'm skeptical.

We've had too many food recalls in this country over the past several months. I'm wary of any sort of free product like that. This is a good point. But for the people who needed some free chicken, you can risk it all for that. So sharing is caring is all I'm saying, guys. And also hit us up on social media to bring this whole thing full circle. We're both posting more personal finance content online right now. So you can follow me at Sean Triple Underscore Piles.

And Elizabeth, what's your handle? Mine is V and don't make a comment about how long it is. V underscore Elizabeth underscore and then my surname, A-Y-O-O-O-L-A. That's all on Instagram. That's not too long. That's a great handle. Good work. Thank you, Sean.

Okay. Well, we'll talk to you all on social media and we'll carry on this conversation. For now, that's all we've got for this episode. Remember that we are here as nerds to answer your financial questions, so send them to us. You can email us at podcast at nerdballot.com or text us or leave a voicemail on the nerd hotline at 901-730-6373. It's 901-730 nerd. You can also drop us comments on social media or on Spotify or YouTube. We want you to come hang out with us next time.

We're going to be talking about how to build generational wealth. Until then, follow Smart Money on your favorite podcast. app that includes Spotify, Apple, and IHeartRadios to automatically download new episodes. We're also on YouTube. Go in the episode description, click on the link, and watch our beautiful faces on there. Here's our brief disclaimer. We are not your financial or investment advisors. This nerdy info is provided for general educational and entertainment purposes and may not

apply to your specific circumstances. Some companies mentioned in this episode may be nerd wallet partners, but does not influence how we talk about them. And with that said, until next time, turn to you. to the nuns. Don't you wish you could just hit skip on the worst parts of your life? You know the same way you can skip an ad? I get it.

I'm Siyaya and I live in Ice Cove. I've made some questionable decisions that didn't end up the way I planned. And today I'm still figuring it out. Somehow things usually get worse before they get better. Apparently, that's how I roll. So bundle up and come along for the bumpy ride. Stream a new episode of North of North Tuesdays on CBC Gem.