A 57-year-old lost everything to financial mistakes, then rebuilt through passive investing in multifamily real estate. He credits private placements in commercial properties with growing his wealth faster and more safely than his previous approach.
And I realized I had made a whole lot of mistakes along the way, and I was basically wiped out. So I had to start all over, and I was 57 years old at that point in time. Not a pleasant time to be starting one's journey again, but there I was at rock bottom. And so I started looking around for different alternatives, and I discovered through study, through masterminds, that the route for me was actually passive investing. In private placements, primarily commercial real estate, largely multifamily. And through that, I found a path that helped me to develop wealth much more rapidly and in a way that was much more secure than what I had been doing.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
