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Going Long Podcast Episode 301 : Picking The Right Solution For The Right Problem
In today’s SPECIAL show you’ll learn the following from Billy himself:
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Today's conversation is sponsored by first generation Capital Partners. If you're an accredited investor, and you want to know about how we're helping other accredited investors keep more of their income, go to firstgencp.com forward slash going long. You're listening to the going long podcast with Billy keels, the number one podcast for long distance real asset investing.
Welcome to the Going Long podcast, we're back once again to continue to help to educate you so you feel much more comfortable as well as confident investing beyond your backyard. And guess who I am. Yep, I'm your host, Billy keels, we're back for another one of these cool solo episodes, quick and to the point so that you can get the information that you need to put into action so that you can go on with the rest of your day and get even closer to your life goals. So really, before that, as I always like to do say, thank you so much. For those of you who continue to share the podcast, across social media, across LinkedIn, Instagram, tagging us, we really, really appreciate that means the world to us, because you're also continuing to help bring other new going long family members, and when that's something that we really, really appreciate. Also, if you're still thinking about leaving that honest, written review, as well as writing, go ahead and do it, especially on Apple and Spotify platforms, it's something we really appreciate. And if you want to find any of the previous episodes, just go to first gen cpe.com forward slash podcasts. Once again, that's Christian cpe.com, forward slash podcast, find the transcripts, videos, audios every single thing that you need. So
listen, I do want to talk about something today. That is something that comes up pretty frequently. And I know I've talked around this maybe in some of the previous episodes, but it is when you're really putting your investing cap on. Rather than chasing the different metrics, rather than trying to keep up with the Joneses. I have something that's going to make it even more simple for you to know whether or not you should continue to invest energy in that specific venture or potential investment venture. Right? And what do I mean by that? It's really being able to answer this one very simple question.
At the end of the day, when you are making an investment in anything,
what is the problem that you're trying to solve? That's the question that should be at the forefront of your mind. Right. And I'll share my story once again, right, as you think about the things that you want to invest in. And that runs the gamut, I mean, literally runs the gamut. If you are thinking about you don't have any time at all, and you just want to do what everybody else is doing, you want to follow the herd, oh, you're probably going to end up in Wall Street. As everybody knows, I'm not a big fan of Wall Street. When you want to take ownership of your life, your life priorities, and being able to understand more about that, then it really comes down to picking the right solution for the problem that you're trying to solve. Right. And I'm just gonna give you a couple of the things that I used to think about. In the beginning, I wanted to be able to have more control. So I knew that I had to leave Wall Street, I had to get educated, I had to find a support system. And I had to take action on those different types of opportunities that were outside of Wall Street. Specifically, it started in real estate, commercial real estate. But I knew that I had more control. So I was looking for investments that provided me with more control. And I just so happened to run across real estate. I started there, I did it long distance, as most of you know, from Europe back in the US, making a lot of mistakes, a lot of mistakes to get started. But at least I knew what I was looking for was control over the way that I was able to earn more money I eat make more money, because I wanted to create a new stream of income so that I wasn't 100% reliant on my job, because I've gone through an experience missing my son's third birthday that I think I've talked to you about before. And I knew that I needed more control over how I was making money outside of my job to be able to get to a point in my life where I didn't have to rely on the job making money. So have options was the focus that I had, and being able to do it in a way that I had more control.
Then later in my life, I got to a point where it's like, okay, well, yeah, you can make the money. And that's really cool. But it seems like Uncle Sam keeps sticking his hand in my pocket and taking half of every single thing I have, if not, sometimes more. And so it wasn't about making money anymore was about how do I actually go out there and keep more of my money. So I looked for different investments. And as most of you know, I got into the energy space. I mean, we even talked about that. So one of the things that we you know, make it really easy for you to find out more about what it is that we're doing there, go to first ncp.com forward slash going along. You can find out more about that. Especially if you're a busy high paid professional accredited investor. And you want to find out more about not just making money, but how do you keep more of it. And so that became another focus for me. That was the problem that I will
was trying to solve. There may be other points in your life, maybe you had a liquidity event, I was on a podcast with a guy the other day who had had multiple liquidity events and sold multiple startups, he was just interested in preserving his capital so that he can maintain the lifestyle for himself and multiple generations. Well, that's absolutely legitimate, but he's solving for the problem of how do I generate enough money today, to give me the option to not have to go work, but also give me the freedom if I want to know do another startup, and that two or three generations of my family don't have to worry about actually getting up and working for someone else, absolutely legitimate. Maybe you're someone who's just looking over a long time horizon, you say, Hey, listen, I know between now in the next 10 years, I want to be able to make and keep X amount of money. Well, you're gonna look at different types of options there. That's what happened to me, this was a part of my story, these are people that I'm interacting with. But the way to pick the right solution is not just because that's what the Joneses are doing, or you're chasing the highest perceived return, it's is this investment, going to help move you closer to your goal? Are you picking the right solution that is going to get you to the freedom of time that you're looking for the freedom of location that you're looking for? Is it helping you to build new relationships, et cetera, et cetera, et cetera. So like I said, I just want to keep these short and to the point. But when it comes to making your investments, make sure that you are aligning your investment, with the actual outcome that you're looking for the problem that you are looking to solve, it may be in probably as a first world problem, that's okay. But just make sure that there's an alignment between the two because that's going to help you sleep much better at night, it's going to make you feel much more comfortable with the decision that you make. And as it's helping you get to your life goal and priority. You and your family will be absolutely fulfilled. So let me stop there. Keep them short. Like I said, I'll always love your feedback. But most importantly, take today's conversation or today, today's episode, share with somebody else you know, someone needs to hear this, the two of you can have the conversation talk about it and you know, even write me a written review and let me know what you think about this. It worked. It doesn't work and blah, blah, blah. But while you're doing that, I'll be here preparing for the next solo episode. So until then go out and make it a great day. And thank you very much.
Press Did you enjoy today's conversation and once again, today's conversation was sponsored by first generation Capital Partners. If you're an accredited investor want to find out more about how we're helping accredited investors to gain their personal freedom even faster. Go to firstgencp.com forward slash going long.