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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

The Best Strategy in 2024 For Real Estate Investors

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 12 November 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway...

Transcript

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0:00.0

What are you seeing as far as what's the best strategy to do in 2023 as a real estate investor?

0:06.2

Man like no one's gonna want to hear it.

0:08.2

It's a how do I want to even put this man in the? I talk about how most of us think that we're standing on a stair well and that if we walk up a stair that's like effort right that you actually got wealth, got ahead.

0:23.0

Yeah.

0:24.0

But if you're not making moves,

0:26.0

you feel like you're just staying where you were.

0:28.0

Yeah.

0:29.0

That is not the economy we are in.

0:31.0

Inflation is ripping apart the wealth we've in. Inflation is ripping apart. The wealth we've built for ourselves

0:35.5

and money that we've saved and opportunities we have. You are not on a set of

0:39.1

stairs, you are on an escalator that is moving down. If you are not taking action you are a

0:44.0

100% falling behind right now, but you don't feel like you are because the

0:48.5

value of your stock portfolio, your real estate, it's going up. But the fact is the dollars it's being

0:54.8

measured by are becoming worth less and less your actual wealth is probably going

0:58.3

down so it's it's much more bleak than what people realize because the way we measure wealth is by dollars.

1:06.2

I talk about basically a dollar is used for three purposes.

1:09.8

It's a means of exchange, which we all know.

1:12.4

It's a unit of account, right?

1:14.0

So if I said, hey, how much is that camera worth?

1:16.3

You wouldn't say it's worth about one seventh of a productive day at my job.

1:20.6

Or you wouldn't say it's worth about 1.35 of a Toyota Camry. You would say it's a $2,000 camera or something like that, right?

1:28.0

We measure things by dollars. And the third thing is money is used as a storage of energy.

...

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