Ep 157 - 20 Mile March

Hey, everybody. Flipping Danny here, founders of the Freedom Real Estate Group, family of companies. Welcome to another episode of our podcast.

Which is called Freedom through Passive Income.

That's right. And this episode is entitled the 20 Mile March.

Yeah, I like this story.

And so this is. So you have the book called Great by Choice from Jim Collins. And inside this book, he talks about the importance of a consistent approach in both good and bad times.

Yeah, we thought it was really relevant to talk about this because a lot of people are uncertain right now with the market and everything and being post Covid and what's going to happen and the housing prices rising so fast and labor shortages and supply shortages and stuff like that. I thought, hey, this is a really great episode. Yeah.

And well, inside the book, he talks. He does a story about there's two explorers that are racing to the South Pole. And this was back in 1911, over 100 years ago.

Yeah.

Crazy.

Yeah.

Anyway, so one team went as far as they could on only on the good days, and then hunkered down on the bad days. And then the other team relied on a consistent progress, traveling 15 to 20 miles every day, regardless of it's a good or bad day.

Yep.

While the first team not only didn't make it to the South Pole, they didn't make it back alive. Yeah, that's pretty crazy.

Yeah.

The other team did, by the way.

Yeah.

But it's funny, too. This is also something. It's. And this is something that I've learned as well. Years ago, when I wanted to start getting more active, because I would wake up, walk to my desk and sit down.

Right.

And then eight hours later, I'd get up and walk to the couch and sit down. And so it was the never stop moving.

Yes.

Just I'm always trying to do something, so that way, I'm always active. I got an Apple watch, and now I've got this little fitness thing on here. And so I'm doing that every day and making sure I'm standing. The stand thing cracks you up. But me, I'm like, oh, gotta stand, you know?

Well, it cracks me up because sometimes it gives me my stand goal when I'm sitting.

That's a bonus stand that didn't work.

Yeah. So there's a quote that I really, really like that I wrote in here. And it's doing ordinary things consistently will produce extraordinary results. And I know that we all get bored doing ordinary things over and over and over, but that's exactly what gets you. It's like compound interest. Right. You just keep Capitalizing on what you did the day prior, muscle building, anything that you do in life investing. And it's so true. And I'm somebody who thrives in chaos. And so it's very hard to do something that's boring consistently. But I've seen the power of similar moves every single day and what that does. So I think that it's something that applies to our lives, whether it's health, career, family and investing. And so that's something too. I read an article the other day, I'm just going to read it to you. It said, After COVID 19 started, the market has been strange and volatile. Inflation is at its highest since early 1980s. Real estate prices have increased at a rate that exceeds the pre 2008 crash. There's a massive housing crisis, various supply shortages, rising interest rates, an inverted yield curve, and an economic growth during the first quarter of 2022 that was negative. And reading all that, all of a sudden you're like, doom and gloom, the sky is falling. When reality is. He even goes on to say, don't let that affect you. Good and bad times, just keep on doing what you're doing and stay consistent on the path. And when he said that, I was like, that reminds me of the story the 20 mile march. And so I said, let's just do that as an episode because I think it's important for people to understand that. Is it the turtle and the hare? Is that story like related to this? Does the turtle like, are they. I can't even.

The turtle never stops and the rabbit will run, run, run, run, stop, take a nap.

Yeah, so it is. It's very parallel to that story as well.

You need to watch more Bugs Bunny.

I'm sorry. Yeah, obviously. But I just thought of it when we were talking about this, but this isn't the time. And this is what most people to do is they sit on the sidelines and they wait and they just wait and see. And even in this article he was saying that I know people from 2014 that were, you know, oh, I'm just gonna wait, I'm gonna wait. And they're still waiting. And he even said, I thought there was going to be a shift in 2018 and it didn't happen. He said, had I sat on the sidelines, I wouldn't have bought the properties that I did and gained. And had I sit on the sidelines, I would have not sold the properties that I did. And he goes, honestly, I regret selling them because I thought the shift was going to happen there. But again, I didn't sit, you know, I kept on going and I am better for it by continuing the progress and doing those ordinary things. So I thought it was really impactful to, you know, hear the story because we see it in history all the time that if you're consistent, you win. You know, the lack of consistency and the emotional ins and outs, you lose every single time. But people still get emotional and they won't just sit back and just let things play out and. Or just, you know, be patient and continue to invest.

Yeah. And I always think of too the sort of relates to this with the good and bad, like the good days and bad days or whatever, or the good times and the bad times, whatever. It reminds me of the Chinese proverb. And I heard this a long time ago from a friend of mine. You know, I had been working all summer to. For an audition and the audition came and it went horrible and I didn't get the job and. And I was just, I was crushed. Absolutely crushed. You know, it just, it was doom and gloom. It was, you know, just absolutely crushed. And the buddy of mine that was with me, he said you can never tell good from bad.

Yeah.

And it was the Chinese proverb, which I didn't know was a Chinese proverb at the time. I thought, man, this guy's wicked smart, you know, and, you know, so you couldn't tell good for bad. At that point in my life, I thought that was the worst thing that could possibly happen to me. But it wasn't. It was the best thing to happen to me because six months later I was on a cruise ship and then like 8 months to 12 months later I met Danny. So I think that, I think that worked out pretty good for me. I'm still thinking.

Definitely worked out great for me.

So. But you can never tell good from bad.

Yeah. So I think it's important that you just find the people and type of investments that you're comfortable with and you just align yourselves with that circle. We're always talking about the people that we surround ourselves and how important that is to our success and our journey and investing. And I think that that's just a message that just rings true all the time. Because people like us, we are watching what's going on, we're paying attention. There could be a recession coming. We don't know. As we record this, we're sitting in the middle of quarter two, so GDP results haven't come out, but they've predicted positive and a recession is 2/4 of negative. So it doesn't look like, it doesn't look based on their predictions that they're going, but with everybody's uncertainty and, you know, and the emotional reactions, who knows what's ultimately going to happen? But even if we do go into a recession, flip and I know exactly what we're going to be doing and how we're shifting. And it's a podcast we're going to be recording. Actually, we're recording it today. So I don't know. Recession, wealth creation. Watch that. If you're watching. If you're listening to this and you're curious and you want to learn more, listen to the podcast we record about recession, wealth creation because we know what we're going to do. And you want to surround yourselves with people like that so that you can stay consistent, consistent and do the ordinary things every single day so that as they build up, they will produce the extraordinary results that you want.

Plus, Punxsutawney Phil saw Shadow. So there you have it. So I hope you enjoyed this episode. Make sure you're heading over to our website, freedomcapitalinvestments.com to join our investor club. But also make sure you're heading over to Facebook and LinkedIn and all the social medias and hanging out with the team there. But make sure you hit the like button. If you're not driving, hit the like button. You're hitting the like button.

If, let's see. Because if you like consistency and doing ordinary things every single day to produce extraordinary results, there you go.

So hit that like button. But we like to end all of our episodes with invest smart, Live happy. Bye, everybody. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions and information on this show are not guaranteed. All investment strategies have the potential for profit or loss.