I had the most fortunate opportunity to have a FaceTime with someone worth a billion dollars.
My conversation with my new billionaire friend and mentor is an incredible lifetime opportunity. So I want to share with you guys some of the things that I'm learning and how my perspective is changing when it comes to analyzing deals and understanding different structures and what to do with capital and how to deploy it.
And just really how to think for me, I've been a big proponent of analyzing very successful people, whether I agree with their political beliefs, spiritual beliefs, or lifestyle, analyzing what they're doing to build and be successful, and taking what I can without compromising my integrity and my values. And one of the things I've found from those that I've been fortunate enough to meet personally is that they're actually extremely helpful. They're willing to give you honest feedback, pen they're open books to literally just tell you whatever you need to know if you're willing to ask good questions, and prove yourself to be somebody worth having in their circle.
And so, as I was fortunate enough to be able to be connected with this guy through somebody very close to me, I asked him these questions, and he was like, man, have you ever had such a good business that you built for yourself? He was talking about our real estate portfolio and how we're analyzing deals, I was just picking his brain. And he was asking me questions about our portfolio and questions about the deals that I'm looking at questions about, how we have some of these things structured and what we're doing. And I just gave him my entire plan.
Like, "this is what I want to do for 2023. And these are my plans and the moves that I'm looking to make. I would love your feedback on it. You know, I want to get your thoughts."
So learn more about the powerful lessons from my facetime meeting with a billionaire mentor, and I'll see you on the inside!
If you enjoy this episode, tune in and share this podcast!
Episode highlights:
00:00 Welcome to The Boring Money Show
1:07 Mr. Boring Money has been learning about capital and how to deploy it
3:02 "Money talks louder than time when wealth speaks."
4:47 How to analyze your actual return
6:25 Get great returns in great appreciation
8:01 What is a cash flow-neutral portfolio?
10:06 Understanding the financial economics of deploying capital
11:23 What is your true cash flow?
12:47 I'm talking to people who are well and beyond my level in terms of success.
Resources:
○ The Boring Money ROI Cash Flow Calculator: https://www.mrboringmoney.com/cashflowcalculator
○ Visit The Boring Money Show website:
www.mrboringmoney.com
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And remember… Stay calm, print money and live life on your terms.
DISCLAIMER:
All information I share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.
See omnystudio.com/listener for privacy information.
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