JF3711: Wealth Building Secrets, Cash Flow Niches, and Mastering the Art of JOMO ft. M.C. Laubscher

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 1 November 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

M.C. Laubscher and Matt Faircloth discuss the different strategies for getting wealthy and the importance of understanding the definitions of savings, investing, speculating, and gambling. They emphasize the need for a balanced approach to wealth-building, including having a savings or war chest for emergencies and opportunities. They also highlight the importance of education and understanding the asset class or investment strategy before investing. They caution against FOMO (Fear of Missing Out) and recommend focusing on JOMO (joy of missing out) to avoid making impulsive and risky investment decisions. M.C. Laubscher | Real Estate Background Producers Wealth/Cashflow Ninja Based in: Newtown, PA Say hi to him at: LinkedIn Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational
0:04.8	purposes only and should not be construed as an offer to buy or sell any securities or to make
0:10.6	or consider any investment or course of action. For more information, go to bestever show.com.
0:17.0	If you know like and trust, then the deals that you invest in, you do your own due diligence.
0:21.1	You vet the sponsors.
0:22.0	You vet the team.
0:22.9	You vet the management team.
0:24.4	So that kind of stuff when it comes to investing is it's done very strategically.
0:29.0	And you give yourself the best opportunity and the highest probability for a good outcome.
0:35.1	Welcome to the best ever CRE show, the world longest running daily commercial real estate podcast.
0:40.5	If you want real stories behind the good,
0:42.2	the bad, and the worst ever deals,
0:43.6	plus insights into what really goes on
0:45.4	into commercial real estate investing,
0:47.0	you're in the right place.
0:48.4	Our host interview commercial real estate experts
0:50.3	every day to uncover secrets
0:51.6	and strategies you can use
0:53.3	to become a better, more informed
0:54.9	investor. This is the best ever CRE show. What is happening in best ever listeners? This is Matt
1:00.5	Faircloth and welcome to the best ever CRE show with my segment called Next Level CRE. My
1:06.7	episodes drop every Friday. So put it in your calendar, guys, and come join me every Friday for next level CRE here on the best ever CRE show. And make sure you listen to all over our other hosts,
	...

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