Birth to Net Worth with Sarah Miskelly

Join us as we unravel our deep-rooted relationship with money, from earliest memories to eureka moments and building wealth. Birth to Net Worth with me, Trystan Trenberth. Welcome to another episode of Birth to Net Worth. Today we got a really special guest, Sarah. Uh, I've met her through a couple of other friends. Susan, that was on the last episode, is, is connected with her. And she's also connected with Bethany that was on a few weeks ago. Incredible human being. She doesn't live in the United States, but she's— some people are military brats, children of military personnel. This young lady is actually a daughter of a real estate veteran and was raised in the business. So let me welcome Sarah Moskelly. Sarah, welcome. Where do you join us from today?

I'm flying in Costa Rica and the trees and the sunshine right now.

Yeah. Wonderful. So you mentioned a little bit about your background. Your dad was in real estate. Tell me, tell me what you, what you did with your dad to learn to get to where you are today with the, you know, founding a capsule company.

Yeah, well, I was very blessed to grow up with it around me, right? You kind of don't realize how much you know, when you kind of just have it naturally as part of your life. So, you know, I helped my dad when I was a kid manage his properties. He had multifamily in Toronto. I'm originally from Toronto, Canada. So I had to, you know, clean units, mow, mow, mow the grass, you know, paint, hammer nails, all that stuff as a kid, you know, do the books. So it really taught me young the value of hard work firstly, and then secondly, just the inner workings of property management and, you know, acquiring assets and such. So That was a huge help for me in knowing what I wanted to do, you know, as I grew up a little bit and just also knowing, you know, the challenges that come up in that sector as well.

Fantastic. So let's get down to business. I know you got a daylight, a beautiful golden daylight clock. Yeah. So Sarah, tell us about your first memory with money.

Yeah, so I, yeah, I mean, like, I remember, you know, when I was a kid, I think, well, maybe, maybe I'm showing things that not every kid does, but, you know, taking sneaking $20 bills from my mom's wallet to go to like Walmart, you know what I mean? I remember that. And, you know, I think what was really interesting is when you have two parents, it's kind of like Robert Kiyosaki, Rich Dad Poor Dad, like my dad and my mom handled money very differently. And they also had different ambitions around money. So I felt like I had a very interesting, like, juxtaposition between, you know, entrepreneurship and how that can increase your money. And then also being more stringent and maybe keeping money closer, like not wanting to spend as much, being spendthrift. And it was interesting because I started to see how, you know, people's backgrounds, how much that dictates essentially how, how we are with money. Um, so that would be one of my earliest memories. I don't know what it means, but that's the one that came to mind.

Brilliant. That's, that's exactly what, what we, we identify very often. Sometimes parents are on the same page, sometimes there's a big variance. So where did you find your, um, relationship to money between being very thrifty and, and very entrepreneurial in, in these, those initial very young years?

I think the biggest thing is I've had the ambition of an entrepreneur, but I like to keep expenses low. So I, I'm not a big shopper. Like, I like to always make sure that I'm, you know, looking at my tech stack and, you know, eliminating things that are unnecessary. And when I was running my real estate business, I was in real estate sales for years as well. My real estate coach is always like, you run a very lean business. It's just because that's that thriftiness that came through. But I also had my father's ambition. He's like, let's grow a business, let's be an entrepreneur. So I think that both are extremely valuable. I truly don't think that one is better than the other. Everybody comes and approaches money, as you know, based on their experiences. So I can't make them wrong for it. Right. But I think it's been valuable and just appreciating it and, you know, not balling out too much, although I do enjoy a nice bottle of wine.

Yeah. And we all So your dad, you mentioned to me before, your dad put you to work. Was that something you were paid for? Is that something you just contributed to the family business? And, you know, how did that come about?

Yeah, so I, like, I was very young. Like, I'm talking like as a kid, like, like I was just, you know, whenever I went to my dad's house, I knew I was gonna— I wasn't allowed to watch TV. Like, I had to do what he was doing. I had to just be his buddy and, you know, go to the— go to Home Depot. I spent a lot of time at Home Depot. So that was kind of just our relationship. I was a worker and I hated it, but it served me very well when I got into my career and just like 10x it when I got into real estate sales and everything I pursued after. So I think work ethic, I am a, I'm a big believer now. Let's just say.

Yeah. Fantastic. So getting into sort of high school, were you a, you know, were you a big student thinking about college? Did you go to college after high school? Tell me about that part of your life and where you had a bit more independence, maybe financially and socially. Um, sounds like you'd have balancing this, uh, your mum and dad's perspective was money. Tell me about that experience and how, you know, did you, do you have any mistakes? Do you have any failures that you can learn from and share with us that, that really struck home, or observations of others with their use of money that either shocked you or impressed you?

Yeah, for sure. Well, I think, you know, high school was challenging because my dad actually passed away when I was 16. So I had to take over his real estate portfolio and manage it and deal with everything. And that was very hard, to be honest. And then when I got into high school, I felt a little bit lost. I think, you know, I really— my father was such a big figure in my life. So not having him, I was not a stellar student in high school. I was a pothead. Like, I was just doing whatever. But I think, you know, from there, it's good to recognize that, like, we all kind of go through ups and downs in life and it doesn't— It's not, you know, you're not a failure because of that up and down. It's just you had a failure in, in one experience, right? So I think when I look at how I kind of handled money and, you know, my experiences throughout high school and stuff, I would say that, you know, there's nothing like notable in that regard. But I definitely, after I got out of that kind of season of not knowing what's next, I doubled down on the things that I knew that worked, which was, work really hard and build a business and work on building wealth. I think that was a big thing that I wanted to pass on because my dad had left me with a portfolio and it made a big difference for me to, to learn that and be able to leverage that portfolio to then, you know, pay for my university or have a roof over my head when I was in school. So I was very lucky in that sense.

That's amazing. I mean, it's never good to lose a family member, but what a gift in planning your legacy and your future from that day that you knew, even if it wasn't an obvious thing, that that was already set up for you. That's a natural progression. They say that we can change, you know, the Rockefellers said, give me a generation, I'll change the way America thinks. And it's the same way in financial education and other areas in life. We can change that by one generation making that change. Like, even just something similar, Setting up a living trust where there's conveyance of property assets between generations. Nobody will remember when there was that terrible probate situation. I've done a lot of probate, you know, situations with sellers when there's no trust set up and probate's involved. It's so much more discomfort. So having simple things like that, and we'll get onto, you know, other ways that we build and maintain wealth later on. But just having some of these things when they're gifted to you at that age, it just helps you see life differently from such an early day. I mean, so many people say, I wish I'd read Rich Dad Poor Dad when I was—

oh yeah, my dad made me read it when I was like 8. Like, I'm telling you, it was like I was being set up, and I appreciate it now, you know what I mean? Like, it was— it's like when, when kids are so young, we were chatting a little bit about this before, talking about personal development work and stuff, and it's like You don't really know the impact of that. Even if the child seems somewhat disinterested, there's some things are getting through. You know, I met Robert Kiyosaki, I think a couple of months ago at Limitless, like this, like financial freedom expo. And I was like, wow, like this is so full circle. And this man is getting surrounded by all these people who are like, you are like the OG. Like it was like meeting a superstar. And the incredible influence on people's mindset just from that book is like, I— hats off to him.

It sounds like we're in exactly the same room the same day.

Yeah, probably. Yeah. Oh, nice. Maybe I'll see you next time. I do want to go back. It was one of my favorite conferences.

So yeah, Ken, Ken always puts on a really good event.

Very, very good.

So yeah, Rich Dad, Poor Dad. I mean, let's, let's talk about that a minute. I mean, at the age of 8, I can't imagine understanding what asset and liability was at that age or really the concept. But having your dad's business around you, there was some context around the learning material. How many people have you come across percentage-wise that have been positively impacted that that really kickstarted their understanding? It was my first experience of, wow, I need to understand this real estate business.

I mean, people call it like the Bible of almost like real estate investing and stuff. Like it is always that most sought-after book and cited book. I think now with the internet and stuff like that, you're starting to see more platforms come out like BiggerPockets and things like that that are speaking more about this type of stuff. And then the internet, right? Like, yeah, now we have LinkedIn and, you know, all these different people sharing their stories about, you know, how they've transformed their lives, including myself, through real estate investing. But I think that that is still probably the most cited piece of literature on it.

Yeah, there, there's a lot of, there's a lot of content out there, but I think it puts it in a way which is very understandable and relatable. You know, some say it's a story, some say it's, you know, gospel truth. I think there's a, everything comes with a little bit of elaboration to help the story come along. And there's another book that I read recently called Cashflow Breakfast Club.

That's okay.

It's a different twist on the same kind of concept. It doesn't so much focus on two different stories. It's, it's bringing it all together. And, and there's actually a movement. I think it came out about two years ago and there's actually a club in different cities. And the irony of the club is that the breakfast club is in, in the evening.

And then, so cool.

Once you get to the end of the book, they graduate the breakfast club, then they go to the dinner club, which is at 7 o'clock. Oh, ironically it is in Hawaii, which is where Kiyosaki's from. But it looks at an agent who for 7 years was getting into the business of agency and he signed once he got his first deal signed, then he got, you know, offers from other brokerages to go to them. And it was a signing bonus, he thought, but it was an advance on commissions. And he just got stuck in this cycle for 7 or 8 years. But his sister was a teacher. She had built up over the last 5 years enough properties to almost Retire Me a Freedom Number. So I think that's very relatable because it relates to people that are like a teacher and, and other things where they can kind of put it together. But there, it is great to come across these types of books, but I think some often go into a bit too much detail too quickly and it's not ready for the early, the early mind in the business. But, you know, Kiyosaki did it so well and, and this book does it well too. So, Awesome. So college, did, did you do college?

Yes, I went to university in Toronto. I think I just did a standard, I'm like, I think, I don't even remember, it feels so long ago, but I just did like a BA, you know, honors, kind of liberal arts, communication, social sciences. I, I didn't really use it. I mean, I, once again, I'm probably using it more than I realize, but sometimes I'm like, I should have just gone into real estate sales sooner. But that's, you know, hindsight, 2020. Um, I just found it a little bit, uh, boring. I'm like, we had a lot of time off. I don't know why. I was like, why do you have so much time off?

Because, yeah, I mean, it's, it's funny. I said to my kids, if you go to college, I want you to take at least a year off first so that you go and find yourself. You travel the world and find out what you're passionate about. I'm happy if you do go to college, but at least do something you're really passionate about that's going to be meaningful to you. All the world, you know. So I, I went to hotel management school, culinary school, um, I was in the business for a little bit, but going through IT for 20-odd years and then, and then finding Kiyosaki. So it's been useful. But what I didn't realize from the catering and the hotel management side of things, I was already learning problem-solving, relationships, managing, managing frustrations, managing plaints, that type of thing, objection over, you know, handling. And really, I, I didn't realize that I was picking up mirroring naturally back then, trained in it, but I picked that up. And I now look back and I think I was doing those things then, and now I'm transferring those skills. So one of the things that I always ask new investors is, what have you done to this point in life? Because there's always skills that they can transfer into this business without just starting wholesaling and putting all of the hats on. Where can we fit you in to the business that you can leverage the skills that you already earn and put them into a place where it's relatable to the new context that you're using them. And you can start at a higher level instead of starting always on, on the very base level. So brilliant. Did you have any siblings, or do you have any siblings?

No, no, I'm an only child, a lonely child. Yeah, so I was, yeah, I was all just, um, you know, I— that's one thing. I have two little kids now, and one of my big things is I wanted to have more than one child because it is different when you're an only child. And it's funny because it was kind of normal. Um, grew up in Toronto, I had a lot of friends, a lot of friends had single parents, um, that I grew up around. A lot of them were like single kids. Um, but now that we're in Costa Rica, now that I've, you know, my husband is Filipino, so he has this massive family. And here it's like if you have one kid, it's like weird, you know what I mean? Like it's just not normal. So it's very interesting to see how it's different in different places.

Yeah. So that really was you taking that on entirely yourself, the, you know, the, your dad's portfolio, the business. Yeah. How have you worked that now? Do you still own some of the properties or all the properties that you inherited or have you, you know, you've diversified since? How has that changed since that time?

Yeah, so I think I really always believe in like buy and hold as a strategy and you know, if I have cash flowing assets, I'm not gonna sell them like unless I have to. So I ended up keeping the portfolio, leveraged some of the equity once interest rates were low and was able to put that into some other deal opportunities like private lending and syndications, which is what I bring investors into now. So I'm, I'm 34 now, but I've been doing this stuff since I was like 18 or 20. And it's really been a great way to kind of use what I have and like enhance it and then also learn new skill sets in the world of real estate. So, you know, taking that initial property management skill set, then, you know, Elevating it up to like real estate sales and then into, you know, multifamily syndication and private lending. And now in Costa Rica, I'm now in development, developing communities and things like that. So those stepping stones are like you said, you kind of take one skill and then you don't even see how you're gonna apply it next, but it's the opportunity's there. Yeah.

Yeah. Yeah. So let's step back a little bit with friends you had at college and school. How different were other people's perspectives? Was that something you were aware of, that there was scarcity out there, abundance? It sounded like you come from a reasonably abundant mindset with an investment mindset around money instead of a scarcity kind of hold on to it and not let go. What did you notice around you and what sort of struck you about what you noticed through, through high school and college? Because there's so many different diverse backgrounds and demographics. What were you aware of and how that you're different in that sense?

Yeah, I think like, um, naturally just very ambitious. I was always looking for more. Uh, I, I didn't really know why, um, but I'm always looking to do more, be more, excel. I'm very curious. So I found that as I started to get older, I kind of grew apart from many of my friendships from when I was younger, like for my party days, or, you know, whatever, high school life. And then I got really more interested in like personal development, like we were mentioning before the interview, like Landmark and really getting into that world of people that are up to something or want to improve themselves or like make a difference in the world. So I think that I was always trying to find people that were in bigger conversations, if that makes sense. And so there was a lot of times where it's a lonely journey until you find that new group that really resonates with you. But I've continued to pursue that and put myself into rooms and situations that may be perceived as uncomfortable. Like for example, US multifamily, if you go into that space, it's like all old white men, to be honest. There's not a lot of young women in there, but you gotta go in and like, who cares? Like I just don't care. You know what I mean? I just am willing to like put myself out there and I don't know where that comes from, but it's just kind of natural.

That's brilliant. There's, there's confidence there. There's, there's so many things. And, you know, I feeling that that's something that came from your dad as well. I think he was probably quite an outgoing individual, um, you know, very well connected. And, and my dad was as well. I mean, you look around you and you, you very often without realizing, uh, imitate or emulate those around you because you're comfortable in those situations and it doesn't matter to, to you as a woman, there's a, there's a big difference. But to me, going into something that's talking to people I don't know in general isn't a problem for me. I'll talk to anybody, and I think it's a great skill. And, and absolutely, I'm really trying to put more of a focus on having women on this season and just in general having an imbalance potentially possibly towards women because there is so much opportunity out there and I would love to see more women. The power of women, the energy, the way that women look at things is so different, and it needs to be different. It's got, you know, if nothing changes, nothing changes. And with, with that warm, energetic, you know, feminine side, I think there's so much opportunity for growth, um, greater prosperity, and, you know, greater reciprocity in the world, you know.

So yeah, 100%. I mean, I'll add to that too, because there's like the— it actually just shows in the data too, right? There's just a massive wealth transfer coming. Like, look, I'm an example of that. I was a young woman. I lost my dad young. But you have a lot of baby boomers that are dying off right now, and you have a lot of women that are now accelerating their careers. You know, they're making good money. They're also raising families. And we figured out a lot of skill sets now. And now the next one, this missing component right now is there's just an underrepresentation of women investing. But we're really starting to see platforms come out that are specifically targeted to women like Ellevest. You know, me, I love bringing females into multifamily syndication and making that safe space. But I really think that we're going to see a big shift over the next 10 years. And I mean, in the US, for example, all of the top news channels are now headed by women. So we all know how powerful media is. So the messaging, you're just, you're going to watch, like, just watch the messaging change. Over the next 10 years, um, and to be more inclusive, but also bringing in, as you said, like more of a feminine perspective that actually will just bring us all, all up. Like, there's no— I don't have any of this, like, you versus me. It's like, let's just all elevate together.

I mean, I think the, the true— I think there's, there's toxic masculinity and there's toxic femininity in this world, and it's just those extremes. And I think where, where governments, where other things— not to get political— is trying to be divisive, whether it's you know, um, role-based, whether it's politically based, it's trying to drive people apart. But it's, it's reconnecting us and bringing us together, which is always going to create a, a better, more conscious, more clear outcome with benefits for everybody involved. Once we get together, it's always that middle ground, whether it's politics, religion, otherwise. The people that are willing to talk to each other and understand each other's position, it's all— it's really kind of awareness and curiosity. What are you— what is your position? I don't have to agree with it, but I can respect you have a strong opinion or a perspective or a preference. And, you know, we can talk about how we can see the common ground instead of seeing the division. This is the more we can talk about the common ground, the more extremes are less impactful on us because we're now united. We're now seeing— shining the flashlight in the same direction instead of in each other's eyes. Which is what's— So tell me about Hailey Capital. How did that come about through, you know, your early to mid-20s where you're really picking up speed with your real estate sales? How did the capital come around? Is it fundraising as far as private lending in the beginning? Did it always start out in syndications? Tell me some about that.

Yeah, so I mean, like, I was naturally just doing this myself. Like, I was placing my capital. I was acting as a bank essentially for other people. And then I was getting into the syndication model, which, you know, if anybody doesn't know that's listening, that's where a bunch of people, you know, put money in together to buy a bigger property, right? So you're getting a slice of a bigger pie. And a lot of those investors are passive investors, so they don't have to deal with anything really. They just have to do a lot of due diligence upfront to make sure that the people that are doing stuff are good people or know what they're doing, let's just say. So because I was doing it so much and I kind of had this, you know, after having kids and getting out of, you know, my sales career, which was like a 7-day-a-week job and I was making a ton of money, but I was just burnt out and I didn't want to do that when I had kids. I was like, look, what am I already doing that's workable? And that was passive investing. I just saw how much it was providing for me with cash flow. So I really wanted to take that knowledge and what I was already gaining and get other people involved. And share about it. And so that's where I created Hailey Capital. And what we do is we bring investment partners onto these large multifamily assets, but a lot of it is not transactional. I really want to educate people, specifically women. I really put, you know, an outreach to women. Like I have clients that are both men and women, but just trying to encourage them to get involved because some of these spaces have been like an old boys club in commercial real estate for so long and it's like, It doesn't have to be, it's, it's, well, it's really not that complex. There's just a lot of jargon. There's only a few things you really, really need to understand and know. And I really want to make that kind of inclusive space so that women can get more invested and get some passive income. Because I know like when I wanted to take time off with my kids, you know, if I was a realtor and I was like, you had mentioned that kind of churn and burn, do a deal commission, do a deal commission and not actually invest. If I took time off, there's no money being made and there's also no like healthcare. Yeah, you, you have no pipeline. So as a woman you're like, oh, well I, I can't take time off or I need to take a very limited amount of time off. But I was blessed to not have to do that and I could spend as much time as I want and I continue to do that with my kids simply because I have real estate that's covering expenses and that's bringing in cash flow. And so I'm just very passionate about educating other people about this because it's, been around for 50 years. Syndications is not a new model. It's not like some weird, like, back alley, you know, hand me your cash. It's like, no, this is like an SEC-regulated— review it with your lawyers, like, get your financial advisors involved, but let's get you educated so that you can learn about alternative assets that honestly generally don't get access to.

Yeah. Yeah. I mean, Burst Network is going to be putting together some education in the next few months to talk about how we can get middle-aged to millionaire path for retirement because most people are just not aware that most, you know, the average 401 is between $400,000 and $500,000 at best for an American at retirement age. And if they're not got $3.5, $4, $5 million in retirement planning, then they're going to be back to work very quickly or not drawing on that money. So, We're putting together options to be able to educate the young and also educate the middle-aged that realize the American dream is actually an American nightmare unless they are setting themselves up for stopping the, you know, the instant gratification, spending more than they should do, and also understanding really how this works. I mean, this is why I'm looking to bring experts in like Greg Herleen, PCS, to look at asset protection, those sort of things. How can we get 401s converted to self-directed products? How can I provide whole life policies to people to actually, whether they choose to pay the tax and not self-direct, but put it into a whole life policy that could be insuring their kids so they can get a lower premium, invest that living benefit themselves in projects like you are doing and also whether we, we want to do some impact investing as well, where we support teenage mental health, homelessness. I've got a model that I'm working with Bethany that we can apply to any nonprofit that would give more benefits to those investors. And we could even look at lowering the, lowering the bar so they don't have to be accredited investors so that people can put smaller amounts of money in. But it does return to them over time and it's going to create some amazing impact in, in society.

Yeah, that's incredible. And I'm seeing so much more of it and it's so encouraging. You know, as people get richer, I think, you know, there are certain people that are doing it in a way where they really want to just give back, right? Which is awesome.

And I think so many people, you know, Matthew talks about, you know, what our goals are. You know, I'd love to have an Aston Martin, but it's not probably the best time for me to go and buy one right now. But I could go and rent one twice a year and have the experience of driving the Aston Martin a couple of times a year. Without the full expense. In the same way, we can have the experience of being an investor without necessarily having, you know, millions of dollars to put to use, which most people think is the case. It's really education, education, and, and, you know, making more available these things. And on the side of giving, we can give time if we don't have money, but we can also give a very small amount of money in the sense that we can just compound that over time because it's just given a small amount. Um, Profit First is a great book for financial literacy for business owners, and Mike Michalowicz also did a book called My Money Bunnies, which you might want to look at for your kids. I don't know if you come across that one.

No, I've read Profit First, but I didn't know about the My Money Bunnies. So when they're reading age, I'll definitely check it out.

But it's just got 3 jars. Today, what, today money, someday money, and one day money. One day money, I think it's called. So they got, they, they kind of budget their money, but so they got something they can save for long term, some of they want to save medium term, and they got some money they can play around with now. So it just kind of puts it into their mind buckets of budgeting. Um, there's another guy, Scott Donald, and his partner who were, he was on last year, um, who's begun a company, GravyStack, which is a whole financial platform kids. I think it was one of the guys that created Amazon Pay they hired to gamify the banking system for kids where they can have debit cards and that sort of thing to really bring their mind around to, well, where can we cut back on things that we don't need? Subscriptions for the TV channels or magazines, other different things. It's got a load of missions for them so that they actually get excited and engaged about these things, work with their parents. And he's even got something which is I think it's every Saturday morning in Phoenix, and they've got a network of these around the country, which is a young entrepreneur organization where kids can go and set up, you know, whether it's a simple lemonade stand or selling, you know, that funny putty or whatever the stuff they call, you know, they can go and sell things and actually learn about cash flow and, you know, cost versus profit, net gross, you know, cost to sell, all of those different things. And it's really bringing, bringing new opportunity for for adults and kids to work together, 'cause you know, we know most adults don't, aren't financially literate, but also those same adults won't admit that they're not financially literate, but if they need it, they want to help educate their kids and, and do something fun, those concepts will sink in with the adults at the same time they're doing it with their kids and they'll start.

Yeah, there's like the Cashflow Quadrant game, the Robert Kiyosaki one. Sure. And I've heard great things. It's fun. I've never played it, but my husband's played it so much and I'm like, how come? How have I never played this game? Yeah. But I've heard it's like incredible.

It was on my shelf for 3, 2 years next, right, right. The other side of the wall. I pulled it out the other week for the Cashflow Breakfast Club, played it for the first time. Great. Um, but you know, Cashflow Quadrant was another great follow-up book for, uh, so good.

I almost thought it was better, but I think it's, it's so under-talked about, but it was exactly like you said, like sometimes it, it's going to be that the, the easiest, most accessible information is going to become more popular, right? So Cashflow Quadrant was definitely just like a next step up that wasn't for everybody. But I think that's why as well, like you're seeing, and I personally experienced it because I post on LinkedIn a lot just about like lifestyle freedom and investing and people are very receptive to it now because it's so digestible and it's like so simple and it feels achievable. And I think that that's really the, the most important part, and you would totally understand this. It's like once you believe you can, that's when the difference is made. So I think more of those stories in, you know, I guess popular culture, which I think like social media is pretty popular these days, really encourages people and shows them the accessibility. Of course, like it's obviously more complex than that, but it truly starts there.

Yeah. I think I'm looking at a concept of creating something for the middle-aged because there's a lot of rags to riches, kids that immigrate with their parents and, you know, have nothing and build to, you know, Carlos Reyes is an amazing example of that. But there's not really a lot that caters to single parents or, you know, adults that are partway through life and they haven't got that start yet. They're getting into the business. Cashflow Quadrant was great, you know, taking out the, singling out the self-employed corner where people just get stuck there. But for parents and people that are doing things in addition to a day job and looking after kids as well, I think I need to tell my story of how I've come into this with teenage kids straddling COVID and, you know, business and day job and parenting and soccer and all of these other things to get to the point where life's like And where—

yeah, no, I think people would, people would love to hear about that. Like, that is, you've got a good idea right there.

Because how many adults would be, you know, inspired by hearing, well, there is hope. I didn't need to start when I was 16, 20 years old. There's, there's hope for me at 40 years old, 50 years old. They say most millionaires become millionaires around the age of 47, 48. I, my birthday's in 3 weeks. Um, so, you know, it's, it's a, it's a relatable time in that sense where you set that thing is most millionaires don't happen until mid-40s.

Yeah, for sure.

And then you got your life figured out and you see life in a very different perspective at that age.

So there's, um, a good saying, like, I don't know, I'm here, like, there's nothing 5 years can't change. So that's exactly what you're saying, like, there's always time You know, once you really apply yourself and as you shared, you have more wisdom and clarity and you know what's important and you're just, you, you just know the direction you wanna go. There's probably less chasing shiny objects.

Yeah.

When you have more responsibility too, like you don't have, you can't mess up as much, you know what I mean? But you, you know how not to, I would presume. Yeah. Like, I don't know, I'm not at your your age yet, but I would presume just from how much I've changed from, you know, even the last 3 years and having kids, that you have a lot more wisdom. Yeah. About many things, right?

Yeah. And then, and I think it's good to relate to, to the, the kids as well, that the more you get down life, the more general liabilities that you pick up along the way. If you can invest in assets to pay for those things and just free up everything, whether it's house hacking or otherwise, I mean, My, my eldest is 18 and a half. She wants to move to Tempe with some friends next year. I'm gonna see if I can find her a house that she can house hack and manage and earn her sweat equity in the property so that she can have a property that she can split the, you know, tax benefits with me so that she doesn't have to pay tax. We got her some tax write-offs this year where she'll be able to claim some tax back instead of paying it. And I just want to build both of my kids into a place where they never have to pay tax. They have to pay tax, but they have offsets for the tax rather, so that they're not in a position of having to pay much. They can pay enough so that it makes sense for, you know, bank loans and, you know, creditworthiness, that type of stuff. But to a point where they don't need to have any of those things if they don't want to use those, you know.

Yeah, for sure. A good idea.

So, so, um, I know it's getting dark where you are.

Um, yeah, it's gonna happen fast too. It's so funny, we usually go like to the beach to watch sunset and you'll be on the beach and everybody's watching and then it's like this fast scramble to get off because it gets dark so fast and you can't see anything. And I have to like chase my son down the street and he's just like, forget the lights everywhere.

I went to the UK a few weeks ago and we were in this small village and there was no street lights. It's so dark, but it's so—

oh gosh, yeah, yeah.

What, what, what words would you like, or you know, what message would you like to leave? Maybe a bit about your business, what you do, um, you know, just some, some thoughts to, to sort of wrap up for the, for the episode.

For sure. Well, first I want to say that, you know, if anybody's listening and they're kind of unsure about getting into pursuing, you know, financial freedom and passive investing, I would want to encourage you you know, like you were saying that it is possible and it, you don't have to feel stopped by being at a certain age or, you know, time, having amount of time or capital because, you know, if you're creative, you can always find a solution. You know, if you don't have money, you may have time. If you don't have time, you know, like there's always kind of a juxtaposition with that kind of stuff. And to find me, so hidethecapital.com. I also have a webinar that educates people on multifamily investing. So if you're interested in investing in multifamily real estate as a passive investor, definitely happy to share a little bit more about what that looks like and share some of the opportunities that we have coming down the pipeline over the next few months. And yeah, I just really appreciate you having me on.

You're most welcome. It's been a great pleasure. We're going to drop your links in your bio in the podcast when, you know, and we'll show the links at the end just after we finish here. Um, but thank you for spending your time with me, Sarah. I know we've only met through, I think it was LinkedIn a few weeks ago. Yeah. Thank you for lining this up. It's been really, really great spending time with you and I look forward to seeing you at Limitless or somewhere else on the road.

Yes. Yeah. I know for sure now that I know, right? So, you know, I love what, I love what the work you're doing here. So it's wonderful. Thank you so much.

Appreciate you. Thank you so much. Bye. What a great example of financial freedom, taking your kids to an island, raising them outside of the borders of your home country, and giving them a unique experience of childhood. Follow Sarah, she's active on most social media platforms, always putting out great content. Feel free to reach out to her through there, and we'll see you on the next edition of Birth to Net Worth.