Step 1: Have cash in a self-directed IRA at a custodian that allows alternative investments.
That means you need to have money in an IRA somewhere that lets you invest in things other than the stock market. (Generally, large securities brokerage firms do not offer this; smaller IRA providers do.)
If you don’t have that, you can get it by rolling some of your existing IRA funds from your current custodian to one that does.
Step 2: Find some angel investments and make them!
Over the course of the next few posts, we’ll discuss why you might consider using an IRA and some of the concepts you could think about evaluate the idea.