Kings Table Ep. 17 – Why Cash Flow Is More Important Than Net Worth

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 1 December 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s really going on with consumer spending? Could outdated data-collection practices be painting an inaccurate picture of the US economy? On today’s episode of The Kings Table Podcast, we discuss the trends we’re actually seeing as business owners. We then dive into a deep discussion on why cash flow is more important than net worth in volatile times. Other topics touched on include how much the average American lives on per week and the one statistic you don’t want to be associated with as an investor. Subscribe to The Kings Table Podcast here: https://www.youtube.com/@KingsTablePodcast Meet the hosts: 1. Mike (The Sage) Ayala is an accomplished investor, speaker, and podcast host, who stands at the helm of Investing for Freedom, guiding busy professionals and entrepreneurs toward the path of genuine liberation and optimal living. 2. Ashish (Hostess with the Most-est) Nathu is a founder and CEO, entrepreneur, real estate investor, triathlete, and host of the Rich Equation Podcast. 3. Matt (Hero of Hospitality) Aitchison is a distinguished real estate investor, captivating speaker, and committed philanthropist. 4. Aaron (The Trend Spotter) Amuchastegui is a seasoned real estate virtuoso with a remarkable track record of over 1,000 house transactions, predominantly acquired through astute foreclosure purchases at courthouse auctions.

Transcript

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0:00.0	Hey Real Estate Rockstars, this is Aaron Amujestegi, and it is Friday, which means we have a new episode of the Kings Table podcast.
0:07.4	Well, if you guys know the full podcast is over on our Kings Table YouTube page, but for a few minutes to see if you want to go over there and find it.
0:15.2	Here's parts of that episode that I hope you enjoy. So listen up.
0:19.2	We were sitting around and one of the guys we were talking about net worth versus you know income and net worth has kind of become like a badge of honor and it's good I mean you want to build wealth right that's like the thing but somebody made the comment they said you can't eat your net worth. And I was like, man that comment stuck with me because when
0:38.6	things are good and you're making a bunch of money and you've got good net worth, Yeah everything's great. But when you get to a point like
0:44.8	Aaron what you're talking about whether all your net worth is in your house that you can't sell or all your
0:49.3	net worth is in a hundred houses that you can't sell it doesn really matter. Like you could be in the same boat as one
0:55.8	guy that owns one house or a guy that owns 100 houses. If he's not making any money or she, then you can't eat your net worth. And that statement kind of like, I sat with that statement for a while because yes, I'm not saying we shouldn't measure our net worth or want to build our net worth, we obviously should.
1:15.0	But I've been more of a like how do I make more money guy for most of my life than, you know, how do I build my net worth and getting into go abundance really got me
1:24.2	thinking about net worth more but I think you can pendulum swing on that as you're
1:28.6	saying right now you could have 20 million dollars of net worth and no cash and you can't eat.
1:34.8	You can get foreclosed on.
1:36.2	That's why people are getting foreclosed on with houses with equity.
1:38.2	Right.
1:39.2	They got $100,000 in their house and they still get foreclosed on.
1:41.6	They're like, because they can't actually make the payment.
1:43.4	They can't eat.
1:45.4	That's why I think for, I've been thinking more about this because the last few years as I've
1:50.3	accumulated some more assets and I've you know maximized value and then
1:54.1	trade it out of them and I it's it's kind of created this and it makes me think
2:00.0	of for investors as a whole and I'd be curious as to your guys's thoughts on this kind of strategy.
2:07.2	It's as I've kind of created this in the air and I know you do this because you're in and out of a lot of stuff. It's kind of this flywheel of liquidity
	...

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