Creative Capital Podcast 172: The Importance of Investor Stewardship
Creative Capital
Josh Ferrari
5 • 1.1K Ratings
🗓️ 21 June 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
Investing your own money is one thing, but when it comes to investing other people's money, there's a new level of precaution or "Stewardship" you should be approaching investments with.
Today, we dive into our most recent closing which was the final sale of our first ever luxury flip! The ending to the story didn't turn out quite like we had hoped, and we learned a lot of lessons from this experience, but we're never going to let that get in the way of committing to always take care of our investors and their interest's first before our own. If that means we have to take less profit at sale, then so be it.
When someone invests with you, they are putting their livelihood and financial future in the trust of your hands. You should never take that lightly...
Tune into today's episode to hear how this flip turned out and how we were able to hold true to our promise to always be a good steward of our investors capital.
Transcript
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| 0:00.0 | What's up everybody, welcome back to this week's segment of the no limit minute on none |
| 0:10.0 | other than the creative capital podcast that was a long introduction. I like it. I like |
| 0:14.5 | it better when it was a lesser long introduction. Anyway, what I wanted to talk about today |
| 0:21.4 | is stewardship. Stewardship of course, not only your own capital and your own investments |
| 0:29.4 | and your own financial responsibility between you and your family, but specifically what |
| 0:34.7 | I wanted to discuss today is the stewardship of other people's capital. A lot of you |
| 0:39.4 | guys out there, I'm sure have heard a ton of time specifically just on this podcast, but |
| 0:43.6 | elsewhere as well, I'm sure you've heard the term thrown around OPM, other people's money, |
| 0:49.4 | you know, I'm a syndicator raising money from past investors. So anytime you are going |
| 0:55.2 | to be using someone else's money in an investment, you have a higher standard of stewardship |
| 1:03.8 | that you need to be at with that investor's capital. Whereas typically, if you're looking |
| 1:08.3 | at a deal, and I say typically, of course, it's different for everyone, but if I was just |
| 1:12.4 | to give a blanket statement here, typically when you're looking at an investment for just |
| 1:19.1 | yourself, it's just you, it's just your money, it's just you and your and your wife for |
| 1:23.2 | you and your husband. And you're looking at this particular, or you and your business |
| 1:26.9 | partner, even looking at this particular business venture, this opportunity, this investment, |
| 1:31.8 | you're going to have a little bit more risk. You'll be willing to take a little bit more |
| 1:39.3 | risk. I guess that's what I'm trying to say, because you feel a lot more comfortable with |
| 1:43.4 | what you are capable of achieving. And even if you're not capable of achieving that, |
| 1:48.0 | you know your own personal level, your own mindset, your own framework of what you feel |
| 1:52.3 | comfortable with in terms of investing and those kinds of things. However, when you're |
| 1:57.7 | looking at a deal or an investment or anything where you're going to use someone else's |
... |
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