The #1 Fear That's Causing Your Investment Failure

You're not supposed to put your investments into something liquid, right? Why?

It's emotional. You're trying to make take the emotion out of it.

And so if it's liquid, you are allowing yourself to get emotional and go, I'm going to grab my money and take it out. And you do that and you keep putting your investments in and out and in and out. That's why many people who have that strategy are losing the game of building wealth because they're allowing fear to take over as opposed to the investors who understand, hey, this is a long term game. I've figured out what my buckets are and I have this safety bucket over here. I don't have to be a motor emotional about my investments. I can put it in there and wait for the long term. Because when you wait for the long term, typically you are going to win because you're, you're outlasting the market cycle or the economy or whatever is going on and you actually have some more peace of mind.

Hey everybody. Flipping Danny here. Welcome to another episode of the Freedom Show. The crowd goes crazy.

Luckily this is only once a week, so hopefully nobody gets tired of that one.

Yeah, yeah, yeah, they will.

We're super excited to be here today. And we are, we just got off a couple webinars actually today. Yeah, we are speaking to a CPA firm and their clients this afternoon. And then we just got off our wealth and Wisdom Wednesday webinars. If you are not a part of of our investor list and investor community, you are missing out. Our team comes up with topics every single month that they feel are really incredibly relevant to the market. What's going on? We've been talking about interest rates, we've been talking about inflation, we've been talking about taxes, we've been talking about places to invest right now, investment opportunities. And today off the radar markets, like markets that are within areas of the top investment markets of 2024 and that other people aren't even privy to because you know, it's local to us and you know, we know where those spots are. And so our investors are getting that inside scoop so they understand where we're investing and why. And so if you are not on our investor list and you're not a part of those monthly webinars, then you need to get there. So go to our website, freedomfamilyinvestments.com and I'm sure you can find somewhere to email us. It could be investeedomfamilyinvestments.com and say I want to be part of your wealth and Wisdom Wednesday webinars.

And I can't even say it once. And you're whipping it up.

And you can join those. It's private for our community only. I don't even think we publicly announce it. It's really just for our investors. So we just got off that, and now we're here talking to you guys. So you happen to get a little inside scoop about something we do for our investors. But today, what are we going to talk about? Flip, there's like three things. You want to name one of them? Do you remember?

Let me look at your notes. Oh, how about where to invest in 2024?

Yes. That's a really good topic. I'm very excited.

Very timely.

Yes. Super excited about that one. Another one is be more like war. Buffett definitely going to talk about that today.

He's the five o' clock somewhere guy, right?

Not.

No, that's the other Buffet. Rest in peace.

The last one is finding companies with an aligned interest with you or who prioritize you. We're going to talk about that a little bit today. So a few things that we're going to cover. And we're excited to bring you some goodness.

At least she will. I'll bring the laughs.

All right, so where to invest in 2024? So we have been talking to a lot of people, as usual. We're always talking to investors and finding out what are they doing, where are people investing? Where are the fears? Probably for the last year and a half or so, as interest rates started to rise, as inflation was going up, people were getting fearful. And you know the Warren Buffett quote, be greedy when others are fearful and fearful when others are greedy. So we said, we've been on stages and at events and we continue to say, as everybody else is going, you know, I'm just not really comfortable investing right now. We've been like, we're underwriting every single freaking deal that we can get because there's no competition out there. And at the very least, if we don't buy, which we have not, we've bought one deal in 2023. So although we were underwriting, we just did not find a deal that we were confident in. We're not going to throw money at a deal we don't believe in just cause we're going to keep underwriting, hoping that we actually find something that we love. And actually we have a couple deals right now. It's because 2024, the, the doors are really opening and the people that know that the Doors are opening and sellers are getting more reasonable in their asking prices. And that's why it's finally starting to pencil. We're the ones that are ready and following up with all the people we were talking to in 2023 and saying, hey, how's it going? Have you sold? No. Huh. Why not?

I wonder why that is.

And you start having those conversations because you've already established the relationship. You've already been talking to those people because you didn't allow fear and then you just sat on your hands. So you always have to be aligned with investors who are going to always pivot and adapt to the situation, the economy, the market, whatever's going on. And that is something that we did. So we're going to talk to you about a couple things. Most importantly, maybe we're going to speak to you all on a different level. So some of you are going to be like us who say, hey, you know, I agree with that. When other people are fearful, I'm jumping in and I'm going to invest because I know that the opportunities are there. And some of the. But the most wealth is achieved in times like this. It's the people who are still out there looking at deals, investing in deals and being confident in their strategy because they know what they're doing or they believe in the team that they're working with. Also going to talk to you, to those who are just, like, flipping downy, I kind of really like you. I'm listening to you because I like you, but I'm still a little scared and I'm not quite sure what to do. And, you know, you're going to have to really kind of, you know, help me gain some confidence. So let's start there because we have been working on a fund that has taken me. Taken us so long to launch because we kept talking to investors going, okay, where you're at, where's the sentiment? You know, what do you feel confident in? And many people were really looking for liquidity. They were looking for liquidity because of fear. Right, right. And so do you remember the podcast that we did about the. I don't remember the title, but it is something about building wealth is boring.

I do.

Yeah. So we were really talking about the fact that you're not supposed to put your investments into something liquid.

Right.

Why?

Well, it's emotional.

Yes.

Non emotional.

It's emotional.

Yeah. Yeah. You're trying to make. Take the emotion out of it.

Yes. And so if it's liquid, you are allowing yourself to get emotional and go, I'm going to grab my money and take it out. And you do that and you keep putting your investments in and out and in and out. That's why many people who have that strategy are losing the game of building wealth because they're allowing fear to take over as opposed to the investors who understand, hey, this is a long term game. I've figured out what my buckets are and I have this safety bucket over here. I don't have to be emotional about my investments. I can put it in there and wait for the long term. Because when you wait for the long term, typically you are going to win because you're, you're outlasting the market cycle or the economy or whatever is going on and you actually have some more peace of mind.

Right?

Right. Because you're not thinking about, should I take it out? I read the news today. Oh, honey, should I take my money out? I don't know what we should do. What should we do? Like, who wants to live like that? So really understanding your buckets, for those of you who are not sure where to invest or you have some fear, it's okay. We've all been there. There's things flip and I don't understand some, some types of investment. We don't invest in them. Why? Because we don't understand them and we understand real estate. We have something that we are so confident in that we invest all of our money in, except for a flip with, I don't know, 2% of our money is placed in.

Oh, 2%. That I didn't get that much. Oh, my gosh. I did find out though, that cryptocurrency is actually, is derived from the Greek word of losing money. Yes, I've, I've, I've learned that fact. Yeah. Yeah.

So, uh, so anyways, yeah, we're, we're confident in what we're doing. But if we weren't in real estate right now, and if we were just, if we were physicians, if we were just doing something else that really didn't allow us to invest in our own business, in our own real estate, like we can do now, we'd be finding the team that we could trust. Right. If we were really interested in crypto or we were really interested in stocks of which we're not, we like played with crypto because we heard it on stage. We're like, this sounds fun. Let's throw, let's throw some money at it and just see what happens.

Yep. And it's been a little bit over two years now on. I'm almost Back to even.

There you go. Boring. See?

Yeah.

You just left it, right? We said we were going to burn that money. And he could have gotten emotional because it like the second we invested.

Yeah. Went up like a blaze of glory, man.

It just went down, down, down. He could have just gotten emotional and pulled it out, but look what's happened. He just left it alone, said, I don't even care. It's not. That's not why I invested. So. And now it's back up and breaking even. I do think that there's so much opportunity in crypto, but you have to know and understand crypto to even get into it. We don't. So we don't talk about it except for when we're joking with our putting a little bit of money in crypto to have fun.

I think that's the one time that I actually don't have to swear to you that I'll never put any more money into it, because I just won't.

So funny. So if you're an investor who does have a little bit of fear about where you're putting your money, number one, find the team that you can trust. And if that team is us, then figure out what is your. Where is your comfort level. So if you. This is about. This is why I'm talking about this fund, because we've had these conversations and we understand where investors are thinking right now. And so we've actually, we're getting ready to launch a fund, and it's going to be a liquidity fund. You've heard us talking about this idea of a liquidity fund for a very long time. And as the market shifted, we were like, okay, where are we going? Are we going to finalize this fund exactly how it is? Because the market's shifting and investors might not be, you know, in love with this idea. So, you know, let's watch. Let's figure it out. Let's talk to more people and see what they're going to like. Ultimately, we've decided over the last probably year or so that we've been talking about launching this fund. We decided we're going to leave it liquidity fund. And so we took what we were going to call the speed fund and the power fund, and we actually put those into classes into this liquidity fund. And so this is to really dive into where people are investing in 20, 24. So the speed fund is 90 days. It gives people the liquidity. So if there's some fear, they can go, okay, I'm going to invest like $25,000 into this and I'm going to see what happens. And I know in 90 days I can take it out if I want to take it out, right?

And so, and they'll make their $10. And then.

And so, and then we also have in that fun a one year component and say like, oh, okay, I'm not too nervous about one year. That still allows me to take the money out in a year. I don't have to commit to like seven or ten years. And then we have a three year for people who are like, okay, I too don't like seven to 10 years, but I'm okay with three years. So this liquidity fund has different classes to it. I think it's the speed which is 90 days. I think it's shelter for one year and I think it's power for three years. So we're offering the opportunity for people to get higher than average returns still in the real estate world and sphere that we believe in and that we do every single day and that we're really dang good at and invest it for above average market returns but still have that liquidity piece so that they have some peace of mind that, hey, I actually can tap into this money if I need to. But we are telling you it's not the smart thing to do. But if you want to, we're giving you the option so that you have something that you can like have some confidence that at least Flip and Danny and the Freedom Family team gave me something that I can feel good about. Right. And so we have lots of features on it and compounding and everything like that. So now let me go into why I said where to invest in 24, 2024. And it's because those longer term investments and those equity investments people are really fearful of, right? They don't want to tie up their money for seven and 10 years. They don't want to put their money into equity where they think that they're going to get a higher return. They're like, okay, I've actually seen that the market can be volatile and even in the real estate space where I thought it was safer than most things, which is absolutely 100 true, I was banking on the equity, thinking I was going to get 1820 return overall and only a little pref. Now I'm realizing, oh shoot, when the market goes down, I lost my, I had this low. Prof. But I lost all that, you know, upside that I thought I was going to get. This is why we continually preach we don't like equity investments. We're Going to eventually probably build some. For those of you who like risk and you don't mind taking the risk for the chance for higher rewards, certainly we're going to build something at some point for you, or maybe we never will because we personally love reliability and predictability. That's just what we're all about. But some people have millions of dollars and say, hey, can we JV with you and can we have a piece of the equity? And you know, they have an understanding that, that they know that if we don't end up doing really great on the property that they're not going to get that great of return as opposed to the people who are like, hey, really like you and trust you, but I want you to pay me first before you guys get paid. And I don't want to take any risk.

So where are we at on the, on the cryptocurrency for flip? Is there going to be a flip coin? Are we still working on flip coin?

That's pretty good.

I know, actually, I like that. Thank you very much.

You should talk to somebody who's actually good.

I've already trademarked it.

So yeah. So we're, we're offering this liquidity fund. So where I was going for the investments of 2024 is people want debt. Debt. Right now there's a lot of very high net worth investors and they're, they're putting all their money into debt instruments. What does that mean to you? That means private money lending. That means the new fund that we're getting ready to launch, it's debt that is giving you a predictable and reliable return for the money that you're putting in. And it's backed by something, real estate, businesses, whatever it might be. And they prefer that debt because they don't want to hope for the upside of equity, which is where most high net worth investors will do. They'll do a little bit of debt, they'll do a little bit of equity and they're just like, no, I don't want to do the equity right now. You know, I don't, I don't know if I like the market. I don't know. I just don't know. I'd rather work with the team that says this is what you're getting and the rest of the risk is on us and we're the operators and we have to figure out how, you know, how the investment is going to perform and if, if and how we get paid. So that is one big, big, big tip for 2024 and where high net worth investors are going. And so we've provided that fund to be able to give, to keep your money liquid if you are fearful or if you just want like the idea of being liquid. And, and then we're backing it by like, it's a debt fund. So it's going to be a predictable, reliable return and it's going to have, it's going to be backed by, you know, something real estate, businesses, things like that. So that's really exciting that I wanted to talk about because I want people to know when we're the ones actually talking to everybody and seeing where everybody's money is going. I want to be the resource that you guys can hear that, hey, we know where everybody's going right now. And if you want to feel a little bit of, of safety, if, if you, if that's important to you, then here's what everybody else is doing and why. So that's the big one that I wanted to talk about for the 2024. And then the be more like Warren Buffett really goes back to our boring. Right. So, you know, he even is right now, he invests. He invests mostly in companies. So he likes business. I like business, too. That's why we built so many companies. That's why we have. So actually investors who have gone to the masternote program because they like helping us and backing us in both real estate and business. And there's just higher returns. You, you lock in with a very good company in business, the returns can be higher. And again, predictability and reliability is very, very important. But there's, there's these articles that like, we printed out because I was looking and I was like, hey, what's Warren Buffett doing right now? And I just wanted to study it before we did this, this podcast and he was talking about, he's, he's diversified also, of course, between companies and real estate and the real estate. What he, what his big thing is is I love real estate, but I don't want to own the real estate.

Right.

Right. I want to be the passive investor. For those of you who are getting into real estate and thinking that you're going to be a passive investor by owning it yourself, it's not the case. And usually people find out and then like, crud now and they want to get rid of. Rid of it after they've lost a lot of time and money. And that's essentially what he warns people about real estate. He. To invest in a company that does real estate and provides passive returns to him. So I thought that that was really Important to be talking about. I'm trying to think of what else I'm actually going to read a couple.

Well, I like one of the lines that he says is and this is like having your cake and eat it too.

Yeah.

You know, he's investing in real estate is a different story. Passive real estate investments allow investors to reap the rewards of this profitable asset class without taking on management responsibilities.

Yes.

I mean it's just because owning real estate estate, you know, of course everyone watches the, the flip this house or whatever, you know, and they're like, oh, that looks fun, you know, right. Until they get into it and then they, and then they lose their hat because it's a business. It's not, it's not a hobby, it's a business. And there's, there's so much, so many things that are involved with it. Whereas passive investing is. Somebody else is still doing all of that. But you're not. Not.

Yep.

You're investing in. Essentially you're investing in them. Yep. But the real estate is what backs it, obviously. And so it's, it's. Man, I like. I know that we keep saying it's funny because I think our answer has changed now. The. Would you have done something differently when you started? You know, now it's because for me, I was, I always said, oh, I wish we would have gotten into apartments first. Yeah, no, I'm not. My answer now is I wish we would have gotten into passive investing first.

Right. Yeah.

Not into apartments. I mean, yes, that was, that's cool and all, but that's even more work than single family house. But doing letting somebody else get into apartments. And we're just investing in them.

Yes, yes, agreed. Another thing that is in this article as well, this is a Yahoo Finance, by the way. Many investors have turned to the private markets for passive real estate investments and have average, average, even greater returns. And Buffett's approach to real estate investments is focused on the intrinsic value of real estate. Unlike many other investment options, real estate is a tangible asset with lower susceptibility to market volatility. In general, its value tends to increase over time as the value of money decreases. During an economic slowdown, there's a high likelihood of an increase in real estate value. And then in quotes, they're the businesses that you buy once and then you don't have to keep making capital investments subsequently. Subsequently, Buffett said in a recent shareholders holders meeting, so you do not face the problem of continuous reinvestment involving greater and greater dollars. Dollars because of inflation. That's one reason real estate is generally good during inflation. So I thought that was really, really good as well. I always like looking to people. I mean, I have a picture of Warren Buffett in the office with his.

You have an autograph? I haven't signed off his actual signature.

Yes, yes.

Which is huge.

Yeah. So.

Well, it's actually small, but it's huge.

Oh, my gosh.

Sorry. I went there.

But yes, to listen to his view on real estate. It goes back to what we talk about all the time, about active investing versus passive and how passionate we are about talking to be to people about the difference. Because so many people understand the power of wealth building through real estate, and they think there's only one path to get there, and they think they have to do it in order to get in the game. And that's just not accurate. And so here's Warren Buffett saying, hey, I don't want to be a landlord. Like being a real estate investor or owning real estate is a business. It is another job. I want to invest in real estate. I simply want to invest with the team that is doing all the work and I get to get some of the returns. So that is exactly what we offer here at Freedom Family. It's what we're super excited about. Because, you know, I get excited. We, we grew up, we say poor but rich. Is that what we say? Poor in finances, rich in love or something?

Well, there's that too. I say I wasn't poor, but I didn't have any money.

Yeah, there you go. Yeah. So we're just so passionate about helping people like there. We didn't grow up knowing about money. And as we learned about money and as we learned about real estate and as we grew these companies, we're like, let's help all the other people who don't have the opportunity that we did to really just go all in and to build this and to have an incredible team behind them. And let's help those people get good returns backed by a company and real estate that, that they can feel safe with, they can feel confident with. Right. Because we always say there's not one private money lender that has ever not made exactly what they were owed back in capital, plus all the interest that we owed for the time that we had their money exactly as promised. We don't negotiate anything. And the private money lenders are the first people we had the opportunity to work with to be able to say that. And that is so, so important because we're putting our investors interest before ours. Why because you're trusting us as the professionals, right? And that's really, really important. And you just don't see that. You also. Let's, let's just roll into the aligned interests, right? You don't see a whole lot of companies that are purely aligning their interests with the investors. And that is something that we've also just said, hey, we're always going to put the investors first, no matter what. We are going to make mistakes. It's just a part of life and business and in the game. And we get that. But if they're going to trust us with our money, we're going to make sure we pay it back. We're going to make sure they get the return that they promised and we are going to figure it out and continue on growing however we need to do that. And that's like we just got scrappy, right? Building these companies. We just had to get scrappy.

And that's a good way to put it.

And we, you know, we did make mistakes and we did lose money, but our investors didn't. And that's really, really important. So as you go into an uncertain market and 2024, don't get me wrong, it's not uncertain. To us, 2023 was probably a lot of uncertainty with the high, the interest rates and inflation and everything that was going on there. Fear. But we were still underwriting. We were still going after deals. 2024, like I said, the doors are opening wide open. Sellers are getting more reasonable. The, in fact, interest rates are going down. As we've talked about, real estate has been a hedge of, against inflation already. So mo, most people understand that. They're not, it's really worried about inflation, but it is with rental properties. You have to always be looking at, hey, I can rent this at 1700. But is the resident base in this area or the tenant base, depending on how you, how you phrase that, can they afford seventeen hundred dollars? So that is one of the fluctuating things in real estate. But going back to aligned incentives, you want to find people who are saying, hey, our, our alignment is with you. We talk about property management companies a lot. So I'll let you, I'll let you roll with this one. And, and, and what we did to kind of disrupt the industry for property management because we didn't like that the interests were not aligned.

You want to share about how the interests were. Well, because we're investors, we're like, well, let's take the approach of, hey, an investor run property management company. Let's make it more. Instead of. We still want to take care of the residents, as we call them, but let's take more care of the actual owners. And hey, you know what? Let's stop gouging them on everything we do, you know? Hey, you know what? We need to post a notice on the door. There's $75. You know, hey, you know what? We need to put a tenant back in your. In your property. Property. Because the last one left, there's another three, $400.

1200 if your month. If your.

Yeah, well, yeah, 1200 bucks. Yeah. Or. Or, hey, you know what? I. I just saved you from having to do a turn on your. On your house, and I kept the resident in your house. That's 350. Yeah, whatever. Whatever. What the. That standard renewal fee. Yeah, the renewal fee, you know, and so I'm just like, there's so many fees. There's fees. There's. There's the fee that's on top of the fee. And so. So we sat down and let's. How can we get rid of all these stuff or these things and still make a profit, you know, because that's what the company supposed to do.

Yeah, yeah, yeah. We're not a. Not for profit.

No, we're not. But we made it more. We leaned it a little bit more towards the owners.

Yes. Yeah.

The investors.

Yeah. So. So to be very, very specific to what Flip just went into, we aligned our interests with the investors, and it came from a conversation of our property manager actually coming to us because we are our clients of our own property management company, and him saying, hey, I've been running the numbers and, you know, here's what I think that we can do. And we had that conversation, and I was like, yes, yes, and yes. And then I went, put the owner hat back on. Are we going to make money? Like, are we actually going to be a profitable company if you do that? So it's funny, you know, putting the owner hat on and the investor hat on and figuring it out, but, like, you know, just taking the risk of actually aligning our interests with. With. With our investors. And what specifically it is, is Property management charges their 10% property management fee. That's the industry standard. They also do charge a $250 renewal fee. So now let me explain what that means. That's it. That's a management fee and the renewal fee. That's all they charge. So they don't charge tenant placement fees. That's the big fee that you're going to have. They also don't Charge management fees during your vacancy. So, so what happens is you own a rental property and you are the tenant just left for whatever reason. It could have been a job change and they had to leave. It doesn't matter, it's vacant now you don't have income. Now you have a property management fee to pay when you don't have income. Now they've got to turn it to make it look good again. So now you have an expense there and now it's going to cost you one month's rent to be able to find the new tenant. Like you're just getting hurt when you have zero income coming in. And so, so the proposal was how do we align interests with our investors? And it was stop charging to actually lease up the place and don't charge a management fee when the property is vacant. So now how do we make money? Gotta put the owner hat on. Hey, let's make money by actually charging the lease renewal fees. Because what does that mean? We did a damn good job of pleasing that resident. And they are staying. So you don't have a turn. You still have money coming in and we're actually going to get a fee for doing a good job. So that's how our property management company makes a, makes money. So that's a perfect easy example if you understand like how we're trying to disrupt things and say, hey, we don't want to be making money while you are suffering. We want to make money because we did a good job for you and you are making money too. Same goes for every other investment opportunity. So how are we putting your interests equally aligned with ours or even above ours? And many times with our funds and our syndications and things like that, we're saying it's a preferred return, meaning you get paid before we can get paid. And we're giving you a high, high preferred return, not a low preferred return. And you get some equity that might be there, might not be there. No, we're just giving you a high preferred return. And in order for us to win, we've got to do better than that. So you have that predictability and that reliability and finding companies that will do that for you is so incredibly rare. On top of the fact that we're vertically integrated, we are on that webinar with the CPA and the firm and they were like this, this is the place where you can do it all. They're like, and at the end, end of it it was, this is the type of company where you can diversify within the company. You can do the turnkey stuff, you can do it fund, you can do private money, you can do a syndication, you can do a master note. You've got all of the options so that you're diversified within the Freedom family. And so I thought that was really incredible. And again, the nurse was just like, you know, I'm going to take this to the other physicians and talk to them about it because there's, it's very rare to find a company that's fully vertically, vertically integrated. And that's why we talk about it so much because, because when we started we weren't and we were losing control of the things that can really go wrong and make investments go wrong. And in order to align our interest with the investors and making sure we win and you win at the same time, we had to make changes. We had to start bringing every single company in house and taking over the control. And now we've gotten to a point where we're doing it better and we've made a lot of, it's been a roller coaster, we've made a lot of mistakes. But again, we're in Ohio with a 15,000 square foot office and we just run down the hall and go, knock, knock, knock, knock knock, gotta fix this. And it's been a pretty incredible ride. So I hope that like, I think that really hits the three things that we were talking about. Where to invest in 2024, what other people are doing, the piece of aligned interests and then Warren Buffett, I just like talking about him from time to time. So I will say for those of you who are a little bit that aren't fearful like us, that the investment opportunities of, you know, five, seven and 10 years are still out there and right now, now they are few and far between because so many investors are liking the liquidity piece, are liking the shorter term investments so you have more opportunities to get the higher rate of return in those investments. So if you want to use Warren Buffett's quote of be greedy when other people are fearful and fearful when other people are greedy, jump into those long term investments because that's where we're putting our money to. Because we know we can get the higher return because we're willing to sit and wait because we know what the market's going to do and we don't. We want the peace of mind. We don't want to worry about our money and think of the, oh, we're going to take it out and we're going to do this and that and whatever. I will say one more thing and that is that our liquidity fund. That 90 day fund is that 90 day class that we're calling speed fund. It's the tier in our new liquidity fund. That one is going to have like first right to some of those long term investments. So if you're an investor that says, yep, I like the long term stuff. I don't, I don't want to have to think about it. I want the higher return. You can put your funds into that 90 day bucket and then we're going to say, hey, we're getting ready to buy this deal and we're going to actually looking at a couple deals right now. Getting ready to buy it. Who's in? And you guys get first shot. We won't even advertise it to the public until Everybody in that 90 day tier is allowed to enter in. So we're doing some really cool things and it's because you guys are awesome. You guys talk to us, you guys let us know what you like, what you don't like. And we continually to. We continue to improve based on your feedback and we appreciate you so much. So what do you think, Flip?

I. Well, I still, I keep thinking back to, to the, the, the whole Warren Buffett line. The, the, you know, be greedy when others are fearful.

Yeah.

You know, because we first heard that, or at least I remember.

Yeah.

And that was when we were in Texas in 2008.

Yep.

And we were doing a condo auction and I just couldn't believe there was all these people lined up to buy these condos in Austin. And everywhere you turned was the real estate market is crashing and everything. The sky is falling and there's 200 people. People there for an auction for condos in, in Austin. It just didn't, it didn't make sense to me.

Y.

And, and I, I needed to really chew on that for a while, but now it makes complete sense to me.

Yes.

But, yeah, I love that.

Yeah, I love it. So freedom. We're all on the road to freedom, right?

Right.

Time, wealth, geography. That's the ones that are talked about the most. You know, today's episode was really kind of talk about the financial opportunities out there, not to sit on your money investing and finding something that you feel comfortable with. And I hope that today gave you a lot of insight into what other people are doing so that you can move forward in 2024 with confidence.

Love it.

Awesome. All right, so we're going to take off. We've got another episode next week and we're super, super excited about it as always. So we'll see you next Wednesday.

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