Ep 350 - Week 50 Recap & Key Takeaways

Hey, everybody. Flippant Dan here, founders of the Freedom real estate group family of companies. And welcome to another episode of our.

Podcast which is called Freedom through passive Income.

That's right. And welcome to another live, live, live episode. You know, it's funny as I always do, the live. All of our episodes are live because we don't. We don't ever edit. We do. We press record and then we stop. But we have to do a live, live, live one. This is week 50 recapping key takeaways. Week five, zero five zero. Yeah. Absolutely amazing. I can't believe we're this far. And of course it's Friday, so you got one true Friday. You got Santa on a surfboard. Santa. I can't see doing something Santa. This is Santa's week off before he's got to get real busy next week. So taking some time off this week on the beach.

While the elves do all the work.

He's just kicking it up. That's right. So funny. All right, so we got week 50 recap of key takeaways. You ready?

Yes, I'm ready.

All right. Episode 344. 344. My limit is 365. Just letting you know. All right. Episode 344. Our secession succession plan. Easy for me to say. First key takeaway is no one wants to plan for their own demise. But how we approach the transition of accumulated wealth and responsibility is necessary. We should not let it overcome us nor allow it to become a shadow that holds sway over what we have achieved. Nevertheless, asking to whom we should bequeath for our personal and professional assets is an important question. And thank you, Joe. Those are two words I've never thought I'd say in a sentence. Bequeath and sway. Another key takeaway is. As we have built our company, we have worked diligently to train up our team and surround ourselves with a strong cast of responsible and dedicated people who can help us grow the businesses and carry on should something catastrophic occur to us. Assembling the Freedom family of companies with this incredible group has been part of been a part of our planning and our team is capable of carrying on to serve our customers and investors into the far future.

All right, episode 345 money versus time and regrets. Key takeaway number one. Although it may seem to some that we are chasing money that is the furthest from the truth, what we are doing through our years of hard work is chasing what money provides. When Danny's mom, when my mom, when my mom had an episode on Thanksgiving, the fruit of Our labor allowed us to be here for her, but we also began thinking about the importance of work, life balance, spending quality time with family, and crystallizing the importance of the joy of living. Key Takeaway Number two When the news of my mom going to the hospital reached us, we did not hesitate to fly across the country, expending resources not only to travel, but to ensure that she was being administered proper care. We came to realize that there is no replay of our lives and it is not our lifespans that are most important, but the moments that span our lives that gives us meaning. That's very profound, Joe. As we chase our professional and financial goals, we need to support those who support us and create the environment that allows us both to strive and thrive.

I'm starting to think that he's really making us sound really cool in these.

Recaps, but what I love is like he puts it in his own voice, you know, and what he took, it took away. So I For those of you listening, I let you're actually hearing from Joe today, even though we're talking about it. I love these.

It's like the smart version of me. All right, so episode 346 motivational Monday future revenge so the first key takeaway is one way we can flip a negative into a positive motivator is to take all the negative comments directed towards us, all that naysayers remark, and use it as fuel for our perseverance. We can also use negative comments from outside forces like social media to help people focus and renew our dedication and commitment level to our end goals. Sometimes when public comments are made regarding what we were doing, it creates a fear of missing out. However much of the time, those other things will be there in the months and years to come. Another key takeaway is keeping a narrow focus can help you achieve your goal and eliminate distractions. For us, building our freedom through passive income requires us to maintain a strategic focus for our team and investors. We understand that we need to execute our long term vision. We must be successful in the present to scale the business, bring on leadership, and continue the vertical integration of our Freedom family of companies before we move on to the next thing.

Episode 347 the Harm of Liquid Investments Key Takeaway Number One Today we're going to share some of the potential pitfalls of liquid investments when we invest in liquid assets like new like the new liquidity fund we are making available shortly. We have understood that although the funds are more available in case of an emergency, we must control our emotions that can lead to a constant cycle of placements and withdrawals that can negatively affect our retirement or other end goal. Studies have shown that investing in illiquid vehicles that are of a stable and lower risk class provides very high returns. However, people who are afraid of not having liquidity have have investments that underperform those who choose to place and hold investments. Key takeaway number two when investing, it is critical that we apportion our total into different buckets or risk categories. One mix to consider in investing is 40% stable, 40% mild, and 20% higher risk investments. This allows us to take a reasonable risk reward or diversification strategy based on our level of comfort. Anxiety about the market is inevitable and by understanding its various cycles, we can invest confident preserving and growing our wealth much better than if we allow our emotions to control our decisions.

Love it. All right, episode 348 how news can wreck your retirement first key takeaway is during turbulent times, investors are uncertain and even fearful about placing their money. To help educate our less experienced investors, our team is reaching out to our more seasoned investors for guidance and advice that we can share with our newer clients. One thing that drives their fear and can paralyze us from making sound financial decisions is the news. In the past, the news was about sharing meaningful information, whereas today the news seems to to be about sound bites that elicit emotion and beat ratings.

True.

Again, another key takeaway is the news can negatively impact our investments when the full story is not shared. If a CEO change occurs, it may be reported, but the reason behind the change is and the positive trajectory the company might take with a new chief executive is omitted. This can cause the price of a stock to rise or fall because we are not fully informed. This volatility can cause us to move our money in and out of investments and constantly try to catch up. Whereas we would have been better served had we invested in real estate for the long haul.

That's right. And episode 349 week 50 live progress update. That was yesterday's episode. Yeah, yeah, yeah. We didn't write in any takeaways so let's. Well, let's wing it like we always do. Flip. So my favorite takeaway from yesterday's episode. I think I'm gonna lean towards the end of year like planning how we're meeting with the one on one leaders, you know, we're making. We're setting all of our targets, you know, for 2023. And yeah, I think that that's. And we're doing the course. That was really kind of funny. You know that conversation yesterday about the course and me eliciting more help from more people. I think that's my key takeaway because it's what's building the momentum right now here in December going into 2023, and that's kind of the primary focus of all of our activities. So that's my key takeaway. What's yours?

I think that it's that your mom's doing better.

Ah, thanks.

You're welcome.

She is. I'm very, very excited. Well, that does it for our recap of week 50.

Well, we hope you enjoyed this episode. Make sure you're heading on over to our website, freedomcapitalinvestments.com to join the investor club. We've got a lot of stuff still going on. We've only got two weeks left of this year, but we do have a lot of stuff going on and stuff going on already for 2023. So make sure you're heading on over there. 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 the show are not guaranteed. All investment strategies have the potential for profit and loss.

Sam.