Ep 10 - Have you ever made a major decision with imperfect information?
In this episode of the Share the Wealth Show, guest Billy Keels explains that there is no 100% accurate information to make decisions. The most important metric is “Return on Sleep” (ROS) and it means exactly what it sounds like. Ask the questions and go with decisions that let you sleep at night. He discusses further the importance of having the right people around you. Invest your time in finding resources of information, start conversations with other people, and make an impact on their life. Tune in now and take notes you can share with others!
________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________ [00:01 - 06:51] Return on Sleep (ROS)
- Check out part 1 of my interview with Billy Keels!
- Every single investment is going to be risky
-
- Asking the uncomfortable questions
- How to get a positive ROS
-
- Spending time with your syndicator or operator
- Knowing their track record
- Doing proper due diligence
[08:07 - 15:47] Safeguarding Your Wealth
- Talk to tax professionals
- Billy on letting his kids be comfortable with talking about money
- Understanding not just how much money you make but how much money you actually keep
-
- How Billy unlocked passive income
- Having more control of his financials with real estate
- Looking for other options for cash flow
[15:48 - 19:35] Investing Your Time With the Right People
- Finding networks and resources of knowledge
- Prevent the perpetual rat race
-
- Share information with other people and start conversations
[19:36 - 28:35] Closing Segment
- Do you want to build wealth for yourself and your family? You need THE LAUNCHPAD. Click here to learn more!
- The final 2 questions
-
- Billy on diversification: At some point, you need to make a bet and do the things you really want to do
- Connect with Billy!
Key Quotes “Because you're investing your time, don't just let this be an exercise where you're just watching this and going on to the next thing. Talk about today's conversation, share it with other people and be able to impact their lives positively.” – Billy Keels
“When you are engaging with your operator, and you're talking to a syndicator. If they cannot or do not answer your questions in the way that makes sense for you, then it's okay. It's just not the right fit. I mean there's a lot of people that are out providing a very similar service. So it's a matter of, ‘You just need to find the person, the operator, the syndicator that helps you, that gives you the answers in the way that you need the answers received so that you feel comfortable once again.'” - Billy Keels Resource Mentioned
Connect with Billy on the
First Generation Capital Partners website. Follow him on
LinkedIn,
