A big part of the book is basically drawing out a business plan for yourself for real estate investing.

And whether you're investing in stocks, real estate, whatever, I encourage you to do that to think about you know resource allocation risk

goals vision what your values are what your mission statement is doing those exercises to me

have like really changed the way I invest but I think more importantly they've sort of

changed the way I operate my life on a day-to-day basis.

I'm Mary Long and that's Dave Meyer, vice president of Growth and Analytics at Bigger Pockets, and a returning guest on Motley Fool money.

Teacher Wollard caught up with him to talk about his new book, Start with Strategy.

They discuss the data on how rental properties can help

investors build wealth, the risks of diversifying in different markets, and how real estate

investors think about their cash position. I like a

a true a to be a few of them but this one feels like a more of a true A to Z guide for me

and one of the things I really loved is you started the book with this idea of vision

and I feel like we don't necessarily talk

about vision other than like we want to make money but whether you're

investing in real estate or stocks or anything else vision you you know, it's important.

What does it mean to have a vision for your investing?

Well, I think with most goals or problems

that you're trying to solve in your life,

you want to start with an end in mind to have an idea of what you're actually. in your

want to start with an end in mind to have an idea of what you're actually trying to accomplish

and all the work that you're putting into something,

what is that actually going to get you at the end of the day?

...