Short transcript excerpt from a YouTube conversation (Nov 20, 2023) advising entrepreneurs to build a financial buffer—save or invest more—to prepare companies for market or economic shifts and to protect the goal of creating passive income for investors. The speakers emphasize that change is constant and a reserve allows time to adapt."
If you could go back and start again, is there anything that you would do different?
I think I would prepare myself more for the future than I did. As far as building a buffer. Put more back for those bumpy days or those rainy days, you know, invest more or save more.
We wanted to create passive income for our investors, but the company needed it to weather the storm when the market changes or economy changes, so that you can take a little bit of time to shift and adapt. Because you're always going to do a shift and adapt. Things will never stay the same. They will always change. That's what we can predict.
Right? Exactly.
Will change. Having that extra buffer, like you said, I think that's really, really powerful.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
