Behind the Beard | April 13, 2022

Something I'm Reading: 

I’ve been too busy traveling through Barcelona and Paris the past week to read much. Other than a lot of travel guides :)

Something I Teach

I shared this on my Instagram story but wanted to say it again here. We were a little into a tour of the Palace of Versailles when my son Wilder decided he was done and would go no further. He sat down and refused to move. After about 10 minutes, I picked him up and he proceeded to scream for 30 minutes. Loudly. For everyone to hear. So Wilder and I ended our inside tour and waited outside for an hour for momma and Rosie. I share this because I know it’s tempting to see a person’s highlight reel on Instagram and assume it’s all great. It’s not. This is one example of dozens of meltdowns we encounter on a regular basis. Last night we had to skip our dinner reservations because the kids just weren’t having it. And that’s okay. That’s part of the process. So we keep an open mind and a loose schedule…it’s all magical, even the hard parts.

Something I Photographed:

Each week I share a photo I snapped in the previous week. Sometimes serious. Sometimes random and funny. Maybe a selfie once in a while. Just because.

Post palace meltdown after some food and a lil sleep :)

Something I'm Excited About:

Just touched down in London and excited to spend some time there! Then we’re headed to Scotland to see some castles.

Also - congrats to David Felton (@cbad940) on winning the performance coaching giveaway that ended last week!

Something I Can Answer:

Every week, I answer a question texted in by you! Reply to this text with your question to be featured in a future Behind the Beard.

Question: “If you had to start over right now in today's economy and real estate climate, where would you start and what would you do to grow your portfolio? ”

I’d pretty much always start with a house hack. But then my next steps would depend if my goal is long term financial freedom or short term financial freedom. By long term, I mean slowly building something that could last the next 30, 40 or 50 years. By short term, I mean something more immediate that would allow you to quickly replace your 9-5 income.

If long term, I would start small with a duplex then buy a quadplex and continue to double from there (buy an 8 unit then 16 unit etc) - I call this the stack method which I teach on a lot. If your goal is short term financial freedom, I would go into vacation rentals. I’d find the best vacation rental market that I could get into and I’d build a machine to buy and manage vacation rentals.

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Your Friend,

P.S. Have a question you want answered by me? Reply to this text with your question - I pick one to answer each week in Behind the Beard and do my best to reply to others directly via text.