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Creative Capital

Creative Capital Podcast 323: Discussing Proper Business Structure For Massive Success

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 5 December 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Welcome back to this week's No Limit Minute! This week we're talking about why you need diversification and what I actually mean when I say diversify. We'll discuss how to develop these other streams of income, making money through the perpetuity model and more.

How to connect with Josh:
Ferrari Capital - https://ferraricapital.com/

Transcript

Click on a timestamp to play from that location

0:00.0

What's up everybody? Welcome back to this week's segment of the no limit minute

0:07.5

excited to bring you guys today's episode because what we're going to be talking about is something that I've recently,

0:15.6

when I say recently, I mean over the last couple of months, last kind of half of the year here

0:21.0

in 2023, have come to realize and notice and begin implementing

0:25.6

much more prevalently in our own business.

0:29.5

And that's that you need diversification.

0:34.0

One big word.

0:35.5

Now, don't hear that word and then tune me out

0:38.1

and stop listening to today's episode.

0:40.0

Because what I mean by that is not that you need to buy in different markets and that you need to buy a bunch of different

0:46.9

types of different asset classes and that you need to be a GP and an LP and you need to flip houses and you need to wholesale properties and you need to do short-term rentals and you need to do all these other things by no stretch of the imagination. I'm I telling you you need to do a because they're different things.

1:02.5

But what I've come to realize is that the deeper

1:05.3

you get into this space, if you really truly

1:09.8

want a recession, resistant, or resilient business income stream, then you can't have all the eggs

1:20.9

and one individualized basket. So let me try to wrap this all together to be super

1:28.0

crystal clear for anyone out there listening to the show today. For most of you out there listening, you either already are a syndicator, super successful investor, real estate investor, flip or wholesaler,

1:38.0

contractor, or you're in the process of wanting to be one or just invest passively to have access to opportunities.

1:45.9

No matter what you're doing, hopefully at this point you've bought a deal or you're

1:52.3

in the process of buying. Maybe you've bought a deal or you're in the process of buying.

1:53.7

Maybe you've bought multiple deals.

1:55.4

Maybe you own a bunch of assets and a bunch of different markets and you're like, I'm

1:58.9

super well diversified because I'm an LP and I've bought deals in New York and I've bought deals in California and I bought deals in Texas and I bought deals in the Carolinas and you've done all these things and you think it's just fantastic.

...

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