In this episode of Purpose-Driven Wealth, your host, Mo Bina, and Mindy Gayer of The Entrust Group talk about the fundamentals to help you better understand self-directed IRAs. A lot of people don’t understand the different assets inside self-directed IRAs. Because of it, there are many misconceptions. Here, Mindy simplifies the key components that make up a self-directed IRA, the broad spectrum of assets you can invest in self-directed IRAs, what happens when the IRS audits prohibited transactions inside your IRA, and so much more.

In this episode, Mindy talks about:

· The key to having self-directed IRAs
· Mindy Gayer, “if you can imagine it, you can invest in it.”
· An example of what the IRS calls a prohibited transaction
· What is a single-member LLC?
· The different ways you can fund your self-directed IRA
· and so much more!

To listen to the full interview:

To get our free eBook on passive investing in CRE, you can access it using this link:

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In Episode 40 of the Building Purpose-Driven Wealth podcast, host Sarah Smith and guest expert Michael Westgate delve into the potential of using a self-directed IRA to build purpose-driven wealth. This episode provides valuable insights and guidance for listeners looking to align their financial investments with their values and goals.

A self-directed IRA is a retirement account that allows individuals to have more control over where their money is invested. Unlike traditional IRAs, which typically limit investments to stocks, bonds, and mutual funds, a self-directed IRA allows for a much broader range of investment options, including real estate, private equity, and alternative assets.

Michael Westgate, a respected financial advisor with years of experience in the field, explains how self-directed IRAs can be a powerful tool for building wealth while also making a positive impact on the world. By investing in businesses and projects that align with one’s values, individuals can not only potentially earn higher returns but also contribute to positive social and environmental change.

During the episode, Sarah and Michael discuss the importance of conducting thorough research before making investment decisions. They emphasize the need to align investments with one’s long-term goals and values, as well as the importance of diversification to mitigate risk.

One key takeaway from this episode is that building purpose-driven wealth is not only possible but also increasingly important in today’s world. As consumers become more conscious of the social and environmental impact of their actions, there is a growing demand for investments that prioritize sustainability and ethical practices.

By leveraging a self-directed IRA, individuals can take control of their financial future and make a positive difference in the world. Whether it’s investing in renewable energy projects, affordable housing developments, or sustainable agriculture initiatives, there are countless opportunities to generate wealth while creating a more sustainable and equitable future.

Overall, Episode 40 of the Building Purpose-Driven Wealth podcast offers valuable insights and practical advice for listeners interested in using their self-directed IRA to build a more purpose-driven financial portfolio. Through thoughtful research, strategic planning, and a commitment to aligning investments with one’s values, individuals can not only secure their financial future but also contribute to a more sustainable and equitable world.