SUMMARY KEYWORDS

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SPEAKERS

Billy Keels

Billy Keels  00:00

Today's conversation issponsored by first generation Capital Partners. If you're an accredited investorand you want to know about how we're helping other accredited investors keepmore of their income, go to first gen cpe.com forward slash going long.

00:12

You're listening to the goinglong podcast with Billy keels, the number one podcast for long distance realasset investing.

Billy Keels  00:22

Welcome back, once again tothe gold long podcast, we're here to help you feel much more comfortable aswell as confident investing beyond your backyard. And yet, I'm Billy keels, andwe're back for another solo episode, I know that I'm enjoying this, I really,really trust that you are getting a lot out of these conversations, or these, Iguess no conversations are more monologues, which makes it feel a little bitweird for me. But they got the goal is that it's adding value for you, you'regetting the strategy that you're looking for, and the different tacticalactions that you can take to really start to move closer towards your goals.And today's conversation is going to be no different. We're going to tackle oneof the one of the things that I've actually seen, I've noticed a lot. Andhopefully it's going to help you to get unstuck and start to get more closer toyour goals much faster. And that is really we're going to tackle that subjectof you know, when is the right time to start investing. And we're gonna dothat. But I want to make sure that we continue to highlight our wonderful,honest written reviews as well as ratings. Once again, you're getting this infront of 10s of 1000s of people in 30 different countries, and being a partnerand going long family is really special. And so I want to make sure that we'rerecognising you. And so today's review comes from podcast life 23 And says,thoughtful, valuable and transformational. Billy has an uncanny ability to makehis guests feel comfortable and respected to the point where his conversationsbring out incredible value is level of preparation and genuinely kind heartcreate enjoyable and transformational discussions. Anyone looking to up theirreal estate game, long term, wherever they are physically located, should betuning in to this phenomenal podcast, it's actually from our buddy TylerChester. So actually Tyler was on episode 209. So if you haven't heard that, goto check out episode 209. I really appreciate that. And once again, Tylerappreciate the comment and you leaving that honest written review, it's a greatway to show listen, I'm gonna, I'm gonna recognise your name, you leave that inthe in your signature and your honest written review, as well as reading andwe'll share that across, share that across the globe. So really appreciatethat. And once again, if you have not had the opportunity to leave your honestwritten review, you want to do that, take just a couple of seconds. And you canbe just like Tyler here, I'll share that with everyone across the globe and the30 countries and the more the countries that we're growing into. So I do wantto come back to this whole topic of when is the right time to begin investing,because you may be here today. And you may be thinking to yourself, well, youknow what I've been thinking about doing this, I don't come from a family whereI really had a lot of money, we didn't talk about money. And so I feel reallycomfortable. And you probably do feel very comfortable because your bankaccount continues to go up and up and up. At the same time you recognize thatif you have that in a savings account there may be giving you 1% You also recognizeat least what they're telling you is that the inflation is about 9%. I'm gonnaguess it's probably a little bit more than that, especially if you've been tothe gas pump anytime recently. But you recognize that if inflation is at 9%,and your money is growing at 1%, even though it's sitting in the bank, and youhave access to it, well, that's a negative 8% return and you recognize in yourstomach that something's not right, which is probably one of the reasons thatyou're also here. And so the thing that makes me think about There's thisquote, and you may have heard this, maybe you haven't, if you haven't, that's greatbecause they it goes very similar to this question of when is the right time toinvest? The quote says, The best time to plant a tree was 20 years ago, thenext best time is now. So think about this. If you've not been investing, theproblem that you're having today is you're probably feeling very stuck. You'renot moving, you recognize things are moving faster around you growing more thanyour money is growing. And you don't know where to start for whatever reasonyou feel stuck. We've talked about some of the ways that you can get clear onthat. We talked about that in episode 229 as well as the ticket and allows youto get not just find the destination but recognize what is the right what arethe right vehicles for you in episode 231. So you may want to go back therebecause they are going to help you even with this conversation because what wedon't want you to do is feel stuck, feel uncomfortable and not know where tostart. That's what these conversations about. These conversations are abouthelping you to move forward to take action so that you can get to your goalmuch faster. But see the thing is when you don't take action and you're feelingstuck, part of that is you're recognising that you are missing out on anopportunity. When I was in the corporate life we taught talked aboutopportunity cost meaning that Every day every year that goes by when your moneyis growing at 1%, and inflation is growing at 910, or maybe even more percentthat is costing you, it means it's going to take you, you're going to have towork longer to get to whatever that destination is for you. And what we don'twant to happen for you is that it takes you much longer to get there becauseyou've just been stuck or frozen and not taking any action at all. So when youfind it difficult to calculate how long something could take, it also can causesome frustration, it can cause you to not take action, it can cause you to kindof freeze, especially if you're like me, you'd like to have clear outcomes,clear timelines and things like that. But if you don't start, you don't knowwhen you're going to end. Because by definition, you have to start something inorder to finish it. If you don't start, well, you're just kind of waiting. Andwe don't want that because I don't want you to feel lost, I don't want you tofeel insecure. What I want you to be able to do is gain clarity, clarity to beable to take action. And today, the thing that I want to talk to you about thisvery simple action that you can take is going to seem very counterintuitive. Ialready know that up front. Even though it seems counterintuitive. This issomething that I myself have done. It's one of the things that helped me to beable to gain the clarity that I needed so that by the time I was in my late40s, I was able to leave the corporate life and not have to worry about goingback, being able to build the type of life that I don't need to retire fromanymore. And I want the same for you. For many years, I will continue to gointo my corporate job because I enjoyed it, I didn't need to go there. And thatmay be your case as well. But that was only because I knew that I startedtaking action. And for almost a decade, I was making investments in differentvehicles, those different vehicles are what allowed me to have the confidenceand the comfort level to be able to realize that retiring in my late 40s wassomething that's going to be okay. Like I said, today's tactical action isgoing to be very counterintuitive. It works. So here's the thing, you want tobe able to define the goal, right? And we talked about that and convertconversation to 29. And in that conversation, we said, hey, listen, one of thegoals that we use as an example you want to be able to retire in from corporatelife or not to make the decision whether you want to go there or not in your40s. Well, here's what's going to seem a bit counterintuitive, but it's goingto help you to feel more comfortable and know exactly when the right time foryou to invest is it's going to create the motion that you need. And although Iasked you to put an hour to the side and write down that goal, and you wrotedown that goal, which was you know, retire in your 40s. And we use thatexample, what I now want you to do is I want you to go two or three levelsdeeper. I know you're thinking well, how can I go two or three levels deeper?Billy? Well, here's the goal. Let me give you a very specific example. We'regonna go the same example from conversation in Episode 229, you said that youwanted to retire in your 40s. So now I want you to just kind of twist it onetime. Because in your 40s, you may say that that's today, you're 35 or todayyou're 30. But retiring in your 40s. Does that mean 42? Or does that mean 49, Iwant you to turn it one level, I want you to get a bit more specific. And thenwhen you say I want to return when you're when you're 42 or 49, or 48, orwhatever the case may be. But there's a difference, I hope you can feel thedifference between 49 and 42. That's seven years. And so that means that youare going to need to make a decision in terms of whatever your destination is,that first turn is starting to help you, you're going to want to turn it onemore time, for instance, you're going to retire in your 40s or 42, or 49. Sothat you can attend each one of your son's ballet matches, or ballets, or yourdaughter's sporting event, whatever the case may be, you've turned it a littlebit more because now you're recognising not only do you want to retire at 42,but you want to retire at 42. So that you can actually attend all of thesespecial events. And you're doing that so that you know turn it one more time sothat you're feeling fulfilled, fulfilled, because that's one of the things thatare really important to you. So this getting really specific about what it isthat you want to be able to achieve accomplish the goal, the dream that's goingto help you recognize that, okay, do I need to take action? You know, do youneed to take action today? Because that's the best time to plant the tree. Andthat could mean getting more educated, reaching out to people understandingwhat the specific vehicle is, but get more specific 40 in your 40s to 42 sothat you continue these events because that's going to make you feel morefulfilled as an individual. Get that specific, because that's going to help youin terms of being able to make the decision and when is the right time for youto start to invest, like I said, they said, The best time to plant a tree was20 years ago, the next best time is today. So hopefully this has given you onceagain, very tactical thing. But it's I see a lot of people struggle with this.This is one of the things that I'd like to talk to and share with other peoplein my hope for you is that it's going to help you to once again to start totake action. So I know there's a bit more work. So while you're doing that, I'mgoing to be here and I'm going to be preparing for the next conversation. And Iknow that those of you who are accredited investors and you want to find outmore about these different vehicles, or specifically the one of the vehiclesthat were helping high wage earners today and being able to keep more of theirreturns and generate consistent future returns. If you want to find out moreabout that. Just go to first gen cpe.com forward slash going long. We have anice little guy there will tell you more about it. And yeah, listen, I'm goingto be here and preparing the next conversation. So till then go out and make ita great day. Thank you very much. Trust that you enjoy today's conversation.And once again, today's conversation was sponsored by first generation CapitalPartners. If you're an accredited investor want to find out more about howwe're helping accredited investors to gain their personal freedom even faster.Go to firstgencp.com forward slash going long.

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