{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":1.118,"endTime":3.428,"body":"Hey, welcome back"},{"speaker":"Average Joe Finances","startTime":1.118,"endTime":3.428,"body":"to the Average Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":3.458,"endTime":5.128,"body":"I'm your host, Mike Cavaggioni."},{"speaker":"Average Joe Finances","startTime":5.138,"endTime":7.678,"body":"And today's guest is Stephanie Walter."},{"speaker":"Average Joe Finances","startTime":7.678,"endTime":10.618,"body":"Stephanie, I am super excited"},{"speaker":"Average Joe Finances","startTime":7.678,"endTime":10.618,"body":"to have you on the podcast."},{"speaker":"Average Joe Finances","startTime":10.918,"endTime":11.998,"body":"Thank you for joining me today."},{"speaker":"Stephanie Walter","startTime":12.758,"endTime":14.518,"body":"Thanks"},{"speaker":"Stephanie Walter","startTime":12.758,"endTime":14.518,"body":"so much for having me."},{"speaker":"Average Joe Finances","startTime":15.008,"endTime":15.768,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":15.768,"endTime":19.988,"body":"Hey, I want to kick things off the"},{"speaker":"Average Joe Finances","startTime":15.768,"endTime":19.988,"body":"same way I start every podcast episode."},{"speaker":"Average Joe Finances","startTime":20.318,"endTime":23.058,"body":"And me and my audience would"},{"speaker":"Average Joe Finances","startTime":20.318,"endTime":23.058,"body":"like to know more about you."},{"speaker":"Average Joe Finances","startTime":23.068,"endTime":25.818,"body":"So if you could share a little bit"},{"speaker":"Average Joe Finances","startTime":23.068,"endTime":25.818,"body":"about yourself, tell us your story."},{"speaker":"Average Joe Finances","startTime":26.058,"endTime":27.988,"body":"Who is Stephanie Walter?"},{"speaker":"Stephanie Walter","startTime":29.203,"endTime":30.193,"body":"Oh, gosh."},{"speaker":"Stephanie Walter","startTime":30.213,"endTime":33.223,"body":"I think I started out like"},{"speaker":"Stephanie Walter","startTime":30.213,"endTime":33.223,"body":"a lot of people out there."},{"speaker":"Stephanie Walter","startTime":33.233,"endTime":39.763,"body":"I graduated from college and got a"},{"speaker":"Stephanie Walter","startTime":33.233,"endTime":39.763,"body":"regular W-2 job was working there for"},{"speaker":"Stephanie Walter","startTime":39.793,"endTime":45.623,"body":"quite some time, almost eight years, and"},{"speaker":"Stephanie Walter","startTime":39.793,"endTime":45.623,"body":"then sat down with my boss at the time."},{"speaker":"Stephanie Walter","startTime":45.623,"endTime":50.433,"body":"And they said, you're doing a great"},{"speaker":"Stephanie Walter","startTime":45.623,"endTime":50.433,"body":"job better than, We're happy with you."},{"speaker":"Stephanie Walter","startTime":50.743,"endTime":54.683,"body":"But we see, that you're going to"},{"speaker":"Stephanie Walter","startTime":50.743,"endTime":54.683,"body":"get a 2 percent raise this year."},{"speaker":"Stephanie Walter","startTime":55.073,"endTime":56.303,"body":"And I just bought a house."},{"speaker":"Stephanie Walter","startTime":56.933,"endTime":60.313,"body":"And I just was bummed out"},{"speaker":"Stephanie Walter","startTime":56.933,"endTime":60.313,"body":"by that and went home."},{"speaker":"Stephanie Walter","startTime":60.703,"endTime":63.823,"body":"Or I just bought a house and"},{"speaker":"Stephanie Walter","startTime":60.703,"endTime":63.823,"body":"my dad happened to be visiting."},{"speaker":"Stephanie Walter","startTime":64.208,"endTime":70.418,"body":"Who is he's a big mentor in my life and I"},{"speaker":"Stephanie Walter","startTime":64.208,"endTime":70.418,"body":"just said, dad, this is what they told me."},{"speaker":"Stephanie Walter","startTime":70.778,"endTime":74.248,"body":"I just can't imagine being"},{"speaker":"Stephanie Walter","startTime":70.778,"endTime":74.248,"body":"stuck making this amount of"},{"speaker":"Stephanie Walter","startTime":74.298,"endTime":75.908,"body":"money for the rest of my life."},{"speaker":"Stephanie Walter","startTime":76.418,"endTime":78.898,"body":"And my dad was like"},{"speaker":"Stephanie Walter","startTime":76.418,"endTime":78.898,"body":"you've got two choices."},{"speaker":"Stephanie Walter","startTime":78.898,"endTime":81.948,"body":"One, you can stay and you"},{"speaker":"Stephanie Walter","startTime":78.898,"endTime":81.948,"body":"know what you're going to get."},{"speaker":"Stephanie Walter","startTime":81.948,"endTime":83.618,"body":"There's no surprises here."},{"speaker":"Stephanie Walter","startTime":84.268,"endTime":89.658,"body":"Second, you can quit and be your"},{"speaker":"Stephanie Walter","startTime":84.268,"endTime":89.658,"body":"own boss and really achieve, What"},{"speaker":"Stephanie Walter","startTime":89.658,"endTime":92.038,"body":"you are ambitious enough to achieve."},{"speaker":"Stephanie Walter","startTime":92.528,"endTime":96.878,"body":"And so I gave my two weeks"},{"speaker":"Stephanie Walter","startTime":92.528,"endTime":96.878,"body":"notice that the next day and"},{"speaker":"Stephanie Walter","startTime":96.878,"endTime":98.938,"body":"I started an insurance agency."},{"speaker":"Stephanie Walter","startTime":99.318,"endTime":103.718,"body":"And while I was doing the"},{"speaker":"Stephanie Walter","startTime":99.318,"endTime":103.718,"body":"insurance agency, I invested"},{"speaker":"Stephanie Walter","startTime":103.718,"endTime":105.648,"body":"a lot in single family homes."},{"speaker":"Stephanie Walter","startTime":106.148,"endTime":108.448,"body":"I didn't have a lot of"},{"speaker":"Stephanie Walter","startTime":106.148,"endTime":108.448,"body":"education with them."},{"speaker":"Stephanie Walter","startTime":108.818,"endTime":112.838,"body":"But I just bought where I thought there'd"},{"speaker":"Stephanie Walter","startTime":108.818,"endTime":112.838,"body":"be growth in the Denver metro area."},{"speaker":"Stephanie Walter","startTime":113.298,"endTime":118.428,"body":"And luckily enough for me, that was,"},{"speaker":"Stephanie Walter","startTime":113.298,"endTime":118.428,"body":"pretty close to the time of the crash."},{"speaker":"Stephanie Walter","startTime":118.818,"endTime":123.188,"body":"I was able to buy, a nice little"},{"speaker":"Stephanie Walter","startTime":118.818,"endTime":123.188,"body":"portfolio of single family homes."},{"speaker":"Stephanie Walter","startTime":123.678,"endTime":127.768,"body":"And then I was contacted by someone"},{"speaker":"Stephanie Walter","startTime":123.678,"endTime":127.768,"body":"who knew I liked real estate"},{"speaker":"Stephanie Walter","startTime":127.768,"endTime":132.198,"body":"investing to join a bootcamp about"},{"speaker":"Stephanie Walter","startTime":127.768,"endTime":132.198,"body":"syndicating real estate deals."},{"speaker":"Stephanie Walter","startTime":133.233,"endTime":135.103,"body":"And I jumped on that."},{"speaker":"Stephanie Walter","startTime":135.183,"endTime":140.033,"body":"That's when I first heard the"},{"speaker":"Stephanie Walter","startTime":135.183,"endTime":140.033,"body":"concept of syndication, which was."},{"speaker":"Stephanie Walter","startTime":140.633,"endTime":145.053,"body":"Like heaven sent felt that"},{"speaker":"Stephanie Walter","startTime":140.633,"endTime":145.053,"body":"was I was meant to do this."},{"speaker":"Stephanie Walter","startTime":145.053,"endTime":148.423,"body":"I love the idea of a group of"},{"speaker":"Stephanie Walter","startTime":145.053,"endTime":148.423,"body":"people buying something that"},{"speaker":"Stephanie Walter","startTime":148.423,"endTime":149.943,"body":"no one could do on their own."},{"speaker":"Stephanie Walter","startTime":150.543,"endTime":153.623,"body":"And so I went full on into that."},{"speaker":"Stephanie Walter","startTime":153.643,"endTime":157.073,"body":"I still had my business, but I,"},{"speaker":"Stephanie Walter","startTime":153.643,"endTime":157.073,"body":"it took two years to really get"},{"speaker":"Stephanie Walter","startTime":157.073,"endTime":159.103,"body":"a good education to do this."},{"speaker":"Stephanie Walter","startTime":159.693,"endTime":166.053,"body":"I completed my first syndication"},{"speaker":"Stephanie Walter","startTime":159.693,"endTime":166.053,"body":"in 2018 and by myself, realized I"},{"speaker":"Stephanie Walter","startTime":166.143,"endTime":171.013,"body":"didn't ever want to do one by myself"},{"speaker":"Stephanie Walter","startTime":166.143,"endTime":171.013,"body":"again and met up with my partner."},{"speaker":"Stephanie Walter","startTime":171.343,"endTime":175.373,"body":"He's someone who loves to find the"},{"speaker":"Stephanie Walter","startTime":171.343,"endTime":175.373,"body":"deals, negotiate the deals and run"},{"speaker":"Stephanie Walter","startTime":175.373,"endTime":177.223,"body":"them, and I like to raise money."},{"speaker":"Stephanie Walter","startTime":177.703,"endTime":182.703,"body":"So together, we've closed on"},{"speaker":"Stephanie Walter","startTime":177.703,"endTime":182.703,"body":"about 12 deals since 2019."},{"speaker":"Stephanie Walter","startTime":183.573,"endTime":188.133,"body":"We have over about a 300 million"},{"speaker":"Stephanie Walter","startTime":183.573,"endTime":188.133,"body":"of assets under management."},{"speaker":"Stephanie Walter","startTime":188.808,"endTime":193.848,"body":"And then I had a I guess an epiphany"},{"speaker":"Stephanie Walter","startTime":188.808,"endTime":193.848,"body":"from working with all of my wealthy"},{"speaker":"Stephanie Walter","startTime":193.848,"endTime":198.808,"body":"investors that I, myself was"},{"speaker":"Stephanie Walter","startTime":193.848,"endTime":198.808,"body":"handling my finances the wrong way."},{"speaker":"Stephanie Walter","startTime":199.328,"endTime":204.933,"body":"And so by interacting and becoming friends"},{"speaker":"Stephanie Walter","startTime":199.328,"endTime":204.933,"body":"and really learning about my investors,"},{"speaker":"Stephanie Walter","startTime":204.993,"endTime":207.273,"body":"I was able to move my money around."},{"speaker":"Stephanie Walter","startTime":207.773,"endTime":213.983,"body":"And as such, I was able to sell my"},{"speaker":"Stephanie Walter","startTime":207.773,"endTime":213.983,"body":"agency and essentially retire in 2021."},{"speaker":"Stephanie Walter","startTime":214.643,"endTime":216.783,"body":"And that's become my passion."},{"speaker":"Stephanie Walter","startTime":217.203,"endTime":223.253,"body":"I've written a book about money myths"},{"speaker":"Stephanie Walter","startTime":217.203,"endTime":223.253,"body":"that were taught and just, yeah that's"},{"speaker":"Stephanie Walter","startTime":223.283,"endTime":226.243,"body":"how I got here to talk to your audience."},{"speaker":"Average Joe Finances","startTime":227.168,"endTime":227.848,"body":"Yeah, Stephanie."},{"speaker":"Average Joe Finances","startTime":227.848,"endTime":228.588,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":228.668,"endTime":231.158,"body":"So got a lot to unpack here, right?"},{"speaker":"Average Joe Finances","startTime":231.158,"endTime":233.068,"body":"So I was taking notes as you were going."},{"speaker":"Average Joe Finances","startTime":233.448,"endTime":234.358,"body":"It's just a quick recap."},{"speaker":"Average Joe Finances","startTime":234.358,"endTime":237.628,"body":"So you started off, you went to"},{"speaker":"Average Joe Finances","startTime":234.358,"endTime":237.628,"body":"college, got the W-2 job, the"},{"speaker":"Average Joe Finances","startTime":237.628,"endTime":239.328,"body":"standard American dream, right?"},{"speaker":"Average Joe Finances","startTime":239.698,"endTime":242.518,"body":"Bought the house and they said,"},{"speaker":"Average Joe Finances","startTime":239.698,"endTime":242.518,"body":"Oh, by the way, we're only"},{"speaker":"Average Joe Finances","startTime":242.518,"endTime":243.658,"body":"giving you a 2 percent raise."},{"speaker":"Average Joe Finances","startTime":243.658,"endTime":246.508,"body":"And you're like, hold on,"},{"speaker":"Average Joe Finances","startTime":243.658,"endTime":246.508,"body":"this doesn't sound right."},{"speaker":"Average Joe Finances","startTime":246.808,"endTime":248.438,"body":"And then your dad gave"},{"speaker":"Average Joe Finances","startTime":246.808,"endTime":248.438,"body":"you some great advice."},{"speaker":"Average Joe Finances","startTime":248.448,"endTime":253.258,"body":"Now, when you left and you started your"},{"speaker":"Average Joe Finances","startTime":248.448,"endTime":253.258,"body":"own insurance agency, and then you started"},{"speaker":"Average Joe Finances","startTime":253.258,"endTime":254.978,"body":"investing in single family homes, right?"},{"speaker":"Average Joe Finances","startTime":254.978,"endTime":257.478,"body":"You started buying more out there"},{"speaker":"Average Joe Finances","startTime":254.978,"endTime":257.478,"body":"in the Denver, Colorado area."},{"speaker":"Average Joe Finances","startTime":257.888,"endTime":261.128,"body":"How did you, this is just a"},{"speaker":"Average Joe Finances","startTime":257.888,"endTime":261.128,"body":"question I have out of curiosity."},{"speaker":"Average Joe Finances","startTime":261.128,"endTime":265.358,"body":"How did you go and purchase those"},{"speaker":"Average Joe Finances","startTime":261.128,"endTime":265.358,"body":"single family homes when you left your"},{"speaker":"Average Joe Finances","startTime":265.358,"endTime":267.488,"body":"W-2 and started your own business?"},{"speaker":"Average Joe Finances","startTime":267.488,"endTime":272.068,"body":"Cause a lot of times, you have to have"},{"speaker":"Average Joe Finances","startTime":267.488,"endTime":272.068,"body":"that two years of income to show if"},{"speaker":"Average Joe Finances","startTime":272.068,"endTime":274.238,"body":"you're self employed or own a business."},{"speaker":"Average Joe Finances","startTime":274.538,"endTime":276.588,"body":"So how did you get that to work out?"},{"speaker":"Average Joe Finances","startTime":276.588,"endTime":278.968,"body":"Were you able to get funding"},{"speaker":"Average Joe Finances","startTime":276.588,"endTime":278.968,"body":"for those single family homes?"},{"speaker":"Stephanie Walter","startTime":279.443,"endTime":283.333,"body":"Actually, I guess I"},{"speaker":"Stephanie Walter","startTime":279.443,"endTime":283.333,"body":"probably I streamlined it pretty quickly,"},{"speaker":"Stephanie Walter","startTime":283.333,"endTime":288.023,"body":"but I didn't start my agency in 2005."},{"speaker":"Stephanie Walter","startTime":288.553,"endTime":293.353,"body":"And then it was a few years before I"},{"speaker":"Stephanie Walter","startTime":288.553,"endTime":293.353,"body":"started purchasing my own, but I did do,"},{"speaker":"Stephanie Walter","startTime":293.703,"endTime":299.973,"body":"I did a strategy similar to the BRRRR"},{"speaker":"Stephanie Walter","startTime":293.703,"endTime":299.973,"body":"method because I was single at the time."},{"speaker":"Stephanie Walter","startTime":299.973,"endTime":305.083,"body":"And so I just, found a house, that"},{"speaker":"Stephanie Walter","startTime":299.973,"endTime":305.083,"body":"strategy is buying, living there."},{"speaker":"Stephanie Walter","startTime":305.463,"endTime":308.623,"body":"And then renting it out and"},{"speaker":"Stephanie Walter","startTime":305.463,"endTime":308.623,"body":"then doing this and then just"},{"speaker":"Stephanie Walter","startTime":308.623,"endTime":310.673,"body":"moving every couple of years."},{"speaker":"Stephanie Walter","startTime":310.743,"endTime":312.093,"body":"And that's what I was doing."},{"speaker":"Stephanie Walter","startTime":312.133,"endTime":312.583,"body":"So no,"},{"speaker":"Average Joe Finances","startTime":312.643,"endTime":314.413,"body":"you were"},{"speaker":"Average Joe Finances","startTime":312.643,"endTime":314.413,"body":"doing like the live in BRRRR's."},{"speaker":"Stephanie Walter","startTime":314.963,"endTime":315.353,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":315.773,"endTime":316.013,"body":"Nice."},{"speaker":"Average Joe Finances","startTime":316.553,"endTime":316.913,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":317.333,"endTime":319.953,"body":"So you would live in them, renovate"},{"speaker":"Average Joe Finances","startTime":317.333,"endTime":319.953,"body":"them, then move and sell them."},{"speaker":"Average Joe Finances","startTime":320.228,"endTime":320.948,"body":"Or rent them out."},{"speaker":"Stephanie Walter","startTime":321.318,"endTime":322.968,"body":"Rent"},{"speaker":"Stephanie Walter","startTime":321.318,"endTime":322.968,"body":"them out was my idea."},{"speaker":"Stephanie Walter","startTime":322.968,"endTime":323.408,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":323.648,"endTime":325.248,"body":"And then did"},{"speaker":"Average Joe Finances","startTime":323.648,"endTime":325.248,"body":"you pull the capital back out of"},{"speaker":"Average Joe Finances","startTime":325.248,"endTime":327.038,"body":"them to put into another asset?"},{"speaker":"Stephanie Walter","startTime":327.668,"endTime":330.308,"body":"Yeah,"},{"speaker":"Stephanie Walter","startTime":327.668,"endTime":330.308,"body":"towards the end, yes, yep."},{"speaker":"Stephanie Walter","startTime":330.398,"endTime":333.588,"body":"I definitely was accessing that equity."},{"speaker":"Average Joe Finances","startTime":333.918,"endTime":334.358,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":334.798,"endTime":338.788,"body":"So if you, so did you start buying"},{"speaker":"Average Joe Finances","startTime":334.798,"endTime":338.788,"body":"real estate in 2005 or was it after"},{"speaker":"Average Joe Finances","startTime":338.788,"endTime":340.108,"body":"the crash when you started buying?"},{"speaker":"Stephanie Walter","startTime":340.218,"endTime":343.448,"body":"I started buying"},{"speaker":"Stephanie Walter","startTime":340.218,"endTime":343.448,"body":"my first property I bought in 05."},{"speaker":"Stephanie Walter","startTime":344.423,"endTime":348.293,"body":"But then after that, everything"},{"speaker":"Stephanie Walter","startTime":344.423,"endTime":348.293,"body":"else was dur after the crash."},{"speaker":"Stephanie Walter","startTime":348.293,"endTime":348.728,"body":"Okay."},{"speaker":"Stephanie Walter","startTime":348.728,"endTime":353.338,"body":"The 2007, 2008, and 2009 were all"},{"speaker":"Stephanie Walter","startTime":348.728,"endTime":353.338,"body":"the times I bought, which were"},{"speaker":"Stephanie Walter","startTime":353.818,"endTime":355.468,"body":"fairly good times to be buying."},{"speaker":"Average Joe Finances","startTime":356.008,"endTime":356.278,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":356.278,"endTime":360.328,"body":"'cause I bought my first property"},{"speaker":"Average Joe Finances","startTime":356.278,"endTime":360.328,"body":"in 2007, and then when the crash"},{"speaker":"Average Joe Finances","startTime":360.328,"endTime":362.508,"body":"happened in 2008 and 2009 it was rough."},{"speaker":"Average Joe Finances","startTime":362.558,"endTime":368.053,"body":"I was 22 years old and I had this, quarter"},{"speaker":"Average Joe Finances","startTime":362.558,"endTime":368.053,"body":"million dollar house that went from being"},{"speaker":"Average Joe Finances","startTime":368.053,"endTime":373.703,"body":"worth $250,000, actually at one point"},{"speaker":"Average Joe Finances","startTime":368.053,"endTime":373.703,"body":"it was up to $306,000 down to, I sold"},{"speaker":"Average Joe Finances","startTime":373.703,"endTime":375.843,"body":"it for $157,000 when I short sold it."},{"speaker":"Average Joe Finances","startTime":375.853,"endTime":376.493,"body":"It was awful."},{"speaker":"Average Joe Finances","startTime":376.963,"endTime":381.113,"body":"So that definitely left a bad taste in my"},{"speaker":"Average Joe Finances","startTime":376.963,"endTime":381.113,"body":"mouth, which is why I was curious, like"},{"speaker":"Average Joe Finances","startTime":381.113,"endTime":384.763,"body":"as to when you started buying, if it was,"},{"speaker":"Average Joe Finances","startTime":381.113,"endTime":384.763,"body":"if you started buying before the crash"},{"speaker":"Average Joe Finances","startTime":384.763,"endTime":387.453,"body":"and then you kept going after the crash,"},{"speaker":"Average Joe Finances","startTime":384.763,"endTime":387.453,"body":"I was going to say hats off to you because"},{"speaker":"Average Joe Finances","startTime":387.883,"endTime":389.103,"body":"man, I don't know if I could do that."},{"speaker":"Average Joe Finances","startTime":389.103,"endTime":390.793,"body":"Cause I, it was rough for me."},{"speaker":"Average Joe Finances","startTime":390.793,"endTime":394.303,"body":"It took me years before I recovered"},{"speaker":"Average Joe Finances","startTime":390.793,"endTime":394.303,"body":"and jumped back into real estate again."},{"speaker":"Average Joe Finances","startTime":394.303,"endTime":394.893,"body":"That's awesome."},{"speaker":"Stephanie Walter","startTime":395.373,"endTime":395.593,"body":"Yeah."},{"speaker":"Stephanie Walter","startTime":395.593,"endTime":400.133,"body":"The first one was in 2005 and"},{"speaker":"Stephanie Walter","startTime":395.593,"endTime":400.133,"body":"that one, that area just of"},{"speaker":"Stephanie Walter","startTime":400.133,"endTime":401.563,"body":"Denver didn't really take it."},{"speaker":"Stephanie Walter","startTime":401.843,"endTime":403.773,"body":"And plus I didn't sell it either."},{"speaker":"Stephanie Walter","startTime":403.873,"endTime":409.163,"body":"So I didn't take that loss but yeah, the"},{"speaker":"Stephanie Walter","startTime":403.873,"endTime":409.163,"body":"rest of them were during the recession."},{"speaker":"Stephanie Walter","startTime":409.163,"endTime":409.903,"body":"So that was it."},{"speaker":"Average Joe Finances","startTime":409.903,"endTime":412.903,"body":"You were still able"},{"speaker":"Average Joe Finances","startTime":409.903,"endTime":412.903,"body":"to rent it out during the crisis, right?"},{"speaker":"Average Joe Finances","startTime":412.903,"endTime":414.413,"body":"So it's still cash flowed."},{"speaker":"Stephanie Walter","startTime":415.703,"endTime":416.053,"body":"Yeah."},{"speaker":"Stephanie Walter","startTime":416.053,"endTime":418.283,"body":"That was the beauty of that time."},{"speaker":"Stephanie Walter","startTime":418.283,"endTime":421.833,"body":"They still needed people, a lot"},{"speaker":"Stephanie Walter","startTime":418.283,"endTime":421.833,"body":"of people needed rentals because"},{"speaker":"Stephanie Walter","startTime":421.863,"endTime":423.833,"body":"they were losing their houses or,"},{"speaker":"Average Joe Finances","startTime":424.383,"endTime":425.633,"body":"The"},{"speaker":"Average Joe Finances","startTime":424.383,"endTime":425.633,"body":"unfortunate thing for me, the"},{"speaker":"Average Joe Finances","startTime":425.633,"endTime":429.813,"body":"area where I was in was not a good"},{"speaker":"Average Joe Finances","startTime":425.633,"endTime":429.813,"body":"area to have a property for rent."},{"speaker":"Average Joe Finances","startTime":429.823,"endTime":430.893,"body":"It just wasn't a thing."},{"speaker":"Average Joe Finances","startTime":431.883,"endTime":435.133,"body":"So it was once I lost my tenants"},{"speaker":"Average Joe Finances","startTime":431.883,"endTime":435.133,"body":"that were there, I was done"},{"speaker":"Average Joe Finances","startTime":435.133,"endTime":436.173,"body":"and I had to sell the place."},{"speaker":"Average Joe Finances","startTime":436.183,"endTime":438.813,"body":"So yeah, it was unfortunate."},{"speaker":"Average Joe Finances","startTime":439.073,"endTime":442.553,"body":"And even when I had tenants in the"},{"speaker":"Average Joe Finances","startTime":439.073,"endTime":442.553,"body":"place, I was losing $300 to $400 a month."},{"speaker":"Average Joe Finances","startTime":443.098,"endTime":444.538,"body":"Just against my mortgage alone."},{"speaker":"Average Joe Finances","startTime":444.538,"endTime":447.078,"body":"So it was rough, but we're going to,"},{"speaker":"Average Joe Finances","startTime":444.538,"endTime":447.078,"body":"we're going to get past all that."},{"speaker":"Average Joe Finances","startTime":447.638,"endTime":448.938,"body":"So you got into it, right?"},{"speaker":"Average Joe Finances","startTime":448.938,"endTime":452.728,"body":"You started buying these single"},{"speaker":"Average Joe Finances","startTime":448.938,"endTime":452.728,"body":"family homes and then you went to, you"},{"speaker":"Average Joe Finances","startTime":452.728,"endTime":454.268,"body":"said it was like a bootcamp, right?"},{"speaker":"Average Joe Finances","startTime":454.268,"endTime":456.828,"body":"And you learned about syndications and."},{"speaker":"Average Joe Finances","startTime":457.688,"endTime":459.408,"body":"You said you did your"},{"speaker":"Average Joe Finances","startTime":457.688,"endTime":459.408,"body":"first one on your own."},{"speaker":"Average Joe Finances","startTime":459.508,"endTime":460.178,"body":"What do you mean by that?"},{"speaker":"Average Joe Finances","startTime":460.178,"endTime":463.738,"body":"So did you bring in, you brought"},{"speaker":"Average Joe Finances","startTime":460.178,"endTime":463.738,"body":"in all the investors and you were"},{"speaker":"Average Joe Finances","startTime":463.738,"endTime":466.208,"body":"like the sole GP on that deal?"},{"speaker":"Stephanie Walter","startTime":466.208,"endTime":466.658,"body":"Yep."},{"speaker":"Stephanie Walter","startTime":466.658,"endTime":467.038,"body":"Yep."},{"speaker":"Stephanie Walter","startTime":467.158,"endTime":469.968,"body":"That one was it was a smaller one."},{"speaker":"Stephanie Walter","startTime":470.058,"endTime":470.338,"body":"Yeah."},{"speaker":"Stephanie Walter","startTime":470.418,"endTime":475.248,"body":"So there was only, I think four"},{"speaker":"Stephanie Walter","startTime":470.418,"endTime":475.248,"body":"or five investors and I still"},{"speaker":"Stephanie Walter","startTime":475.248,"endTime":477.258,"body":"have the property to this day."},{"speaker":"Stephanie Walter","startTime":477.623,"endTime":483.143,"body":"But yeah, it was incredibly stressful"},{"speaker":"Stephanie Walter","startTime":477.623,"endTime":483.143,"body":"process to manage all the things you have"},{"speaker":"Stephanie Walter","startTime":483.143,"endTime":486.803,"body":"to manage when purchasing by yourself."},{"speaker":"Stephanie Walter","startTime":486.903,"endTime":490.783,"body":"So yeah, I quickly decided"},{"speaker":"Stephanie Walter","startTime":486.903,"endTime":490.783,"body":"that was not the route for me."},{"speaker":"Average Joe Finances","startTime":491.883,"endTime":492.353,"body":"Right on."},{"speaker":"Average Joe Finances","startTime":492.403,"endTime":496.593,"body":"After that experience, you discovered"},{"speaker":"Average Joe Finances","startTime":492.403,"endTime":496.593,"body":"you, you don't want to do this alone."},{"speaker":"Average Joe Finances","startTime":496.593,"endTime":499.563,"body":"You want to have partners, which is"},{"speaker":"Average Joe Finances","startTime":496.593,"endTime":499.563,"body":"definitely something I talk about a lot."},{"speaker":"Average Joe Finances","startTime":499.913,"endTime":501.183,"body":"You definitely don't have to go it alone."},{"speaker":"Average Joe Finances","startTime":501.183,"endTime":503.433,"body":"You can, it's just going to be"},{"speaker":"Average Joe Finances","startTime":501.183,"endTime":503.433,"body":"more stressful and you're not going"},{"speaker":"Average Joe Finances","startTime":503.433,"endTime":506.573,"body":"to scale as quick as you could"},{"speaker":"Average Joe Finances","startTime":503.433,"endTime":506.573,"body":"if you did it with other people."},{"speaker":"Average Joe Finances","startTime":506.933,"endTime":509.993,"body":"So you get into real estate"},{"speaker":"Average Joe Finances","startTime":506.933,"endTime":509.993,"body":"syndications, you discovered that."},{"speaker":"Average Joe Finances","startTime":510.258,"endTime":512.158,"body":"This is where you felt like you belonged."},{"speaker":"Average Joe Finances","startTime":512.998,"endTime":519.078,"body":"And now you said since 2018 was"},{"speaker":"Average Joe Finances","startTime":512.998,"endTime":519.078,"body":"your first syndication to now"},{"speaker":"Average Joe Finances","startTime":519.078,"endTime":523.408,"body":"you said you've obtained over 300"},{"speaker":"Average Joe Finances","startTime":519.078,"endTime":523.408,"body":"million in assets under management."},{"speaker":"Stephanie Walter","startTime":523.868,"endTime":524.228,"body":"Yes."},{"speaker":"Average Joe Finances","startTime":524.438,"endTime":524.638,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":524.638,"endTime":525.618,"body":"That's really impressive."},{"speaker":"Average Joe Finances","startTime":525.618,"endTime":529.968,"body":"So that's, to start in 2018 to where"},{"speaker":"Average Joe Finances","startTime":525.618,"endTime":529.968,"body":"you're at now that's really impressive."},{"speaker":"Average Joe Finances","startTime":529.968,"endTime":531.168,"body":"So great job on that."},{"speaker":"Average Joe Finances","startTime":531.518,"endTime":532.472,"body":"Oh, thank you."},{"speaker":"Average Joe Finances","startTime":532.613,"endTime":533.163,"body":"You're welcome."},{"speaker":"Average Joe Finances","startTime":533.163,"endTime":534.963,"body":"And then you wrote a book, right?"},{"speaker":"Average Joe Finances","startTime":535.023,"endTime":538.493,"body":"And in your book you were talking"},{"speaker":"Average Joe Finances","startTime":535.023,"endTime":538.493,"body":"about, some of the myths that we"},{"speaker":"Average Joe Finances","startTime":538.493,"endTime":541.013,"body":"learn about money growing up, right?"},{"speaker":"Average Joe Finances","startTime":541.463,"endTime":544.143,"body":"Whatever that standard"},{"speaker":"Average Joe Finances","startTime":541.463,"endTime":544.143,"body":"American dream is, right?"},{"speaker":"Average Joe Finances","startTime":544.293,"endTime":546.753,"body":"And it's funny that, cause"},{"speaker":"Average Joe Finances","startTime":544.293,"endTime":546.753,"body":"the acronym for that is S."},{"speaker":"Average Joe Finances","startTime":546.753,"endTime":546.763,"body":"A."},{"speaker":"Average Joe Finances","startTime":546.763,"endTime":546.783,"body":"D."},{"speaker":"Average Joe Finances","startTime":547.798,"endTime":550.508,"body":"It makes me sad when I think about"},{"speaker":"Average Joe Finances","startTime":547.798,"endTime":550.508,"body":"it, but when you think about the"},{"speaker":"Average Joe Finances","startTime":550.508,"endTime":551.998,"body":"standard American dream, right?"},{"speaker":"Average Joe Finances","startTime":552.418,"endTime":557.428,"body":"Versus what you learned in this process,"},{"speaker":"Average Joe Finances","startTime":552.418,"endTime":557.428,"body":"what are some of the myths that you"},{"speaker":"Average Joe Finances","startTime":557.428,"endTime":559.448,"body":"felt like you busted in your book?"},{"speaker":"Stephanie Walter","startTime":560.648,"endTime":565.438,"body":"Oh, gosh, a lot of"},{"speaker":"Stephanie Walter","startTime":560.648,"endTime":565.438,"body":"myths, but and for me, a lot of those"},{"speaker":"Stephanie Walter","startTime":565.448,"endTime":568.018,"body":"myths were my own held beliefs too."},{"speaker":"Stephanie Walter","startTime":568.018,"endTime":573.328,"body":"And actually I was raised by an"},{"speaker":"Stephanie Walter","startTime":568.018,"endTime":573.328,"body":"entrepreneur and I thought, Oh, I'm."},{"speaker":"Stephanie Walter","startTime":573.768,"endTime":575.178,"body":"I'm doing things differently."},{"speaker":"Stephanie Walter","startTime":575.178,"endTime":578.938,"body":"I'm I'm better than everyone"},{"speaker":"Stephanie Walter","startTime":575.178,"endTime":578.938,"body":"else, but no the first one I'll"},{"speaker":"Stephanie Walter","startTime":578.938,"endTime":581.438,"body":"hit is the mindset difference."},{"speaker":"Stephanie Walter","startTime":581.478,"endTime":587.928,"body":"The mindset between a regular person"},{"speaker":"Stephanie Walter","startTime":581.478,"endTime":587.928,"body":"and a wealthy person is that they view"},{"speaker":"Stephanie Walter","startTime":587.978,"endTime":590.908,"body":"I was viewing money in the accumulation."},{"speaker":"Stephanie Walter","startTime":591.638,"endTime":596.378,"body":"Mindset, which just means most people"},{"speaker":"Stephanie Walter","startTime":591.638,"endTime":596.378,"body":"in this day and age have 401ks."},{"speaker":"Stephanie Walter","startTime":596.798,"endTime":598.288,"body":"They let them accrue."},{"speaker":"Stephanie Walter","startTime":598.418,"endTime":601.808,"body":"They have very little idea of what"},{"speaker":"Stephanie Walter","startTime":598.418,"endTime":601.808,"body":"they're invested in, what kind of"},{"speaker":"Stephanie Walter","startTime":601.818,"endTime":606.678,"body":"fees they're paying, what kind of"},{"speaker":"Stephanie Walter","startTime":601.818,"endTime":606.678,"body":"even returns they're getting, but"},{"speaker":"Stephanie Walter","startTime":606.688,"endTime":608.558,"body":"the goal is just keep the money."},{"speaker":"Stephanie Walter","startTime":608.708,"endTime":610.988,"body":"Don't touch it and wait till they retire."},{"speaker":"Stephanie Walter","startTime":610.988,"endTime":612.598,"body":"And then they'll have this nest egg."},{"speaker":"Stephanie Walter","startTime":612.598,"endTime":615.398,"body":"And hopefully that'll be enough to keep."},{"speaker":"Stephanie Walter","startTime":615.683,"endTime":616.663,"body":"Keep them getting money."},{"speaker":"Stephanie Walter","startTime":616.883,"endTime":622.043,"body":"For me, I bought a lot of single"},{"speaker":"Stephanie Walter","startTime":616.883,"endTime":622.043,"body":"family homes and I was like, I"},{"speaker":"Stephanie Walter","startTime":622.043,"endTime":626.373,"body":"was leveraging to get, homes and"},{"speaker":"Stephanie Walter","startTime":622.043,"endTime":626.373,"body":"doing it over and over again."},{"speaker":"Stephanie Walter","startTime":626.593,"endTime":631.583,"body":"I'm getting, maybe $100,"},{"speaker":"Stephanie Walter","startTime":626.593,"endTime":631.583,"body":"$200 out in cash flow."},{"speaker":"Stephanie Walter","startTime":631.963,"endTime":634.942,"body":"Not great deal of of cash flow."},{"speaker":"Stephanie Walter","startTime":635.402,"endTime":637.292,"body":"And so the same thing."},{"speaker":"Stephanie Walter","startTime":637.292,"endTime":638.972,"body":"My idea was hold on to these."},{"speaker":"Stephanie Walter","startTime":639.217,"endTime":642.507,"body":"For 30 years, who cares what the"},{"speaker":"Stephanie Walter","startTime":639.217,"endTime":642.507,"body":"cash flow is in the meantime."},{"speaker":"Stephanie Walter","startTime":642.847,"endTime":647.117,"body":"And then when they're all paid off,"},{"speaker":"Stephanie Walter","startTime":642.847,"endTime":647.117,"body":"then you can retire in 30 years."},{"speaker":"Stephanie Walter","startTime":647.167,"endTime":652.207,"body":"But what the difference is the wealthy"},{"speaker":"Stephanie Walter","startTime":647.167,"endTime":652.207,"body":"person has utilization as their mindset."},{"speaker":"Stephanie Walter","startTime":652.787,"endTime":659.267,"body":"And that just basically means that they"},{"speaker":"Stephanie Walter","startTime":652.787,"endTime":659.267,"body":"are in, they use their money all the time."},{"speaker":"Stephanie Walter","startTime":659.747,"endTime":661.637,"body":"Their money is always working for them."},{"speaker":"Stephanie Walter","startTime":661.667,"endTime":663.367,"body":"I use the analogy of that."},{"speaker":"Stephanie Walter","startTime":663.427,"endTime":666.247,"body":"Their money is like their employee."},{"speaker":"Stephanie Walter","startTime":666.922,"endTime":669.442,"body":"That basically, what are"},{"speaker":"Stephanie Walter","startTime":666.922,"endTime":669.442,"body":"you doing for me today?"},{"speaker":"Stephanie Walter","startTime":669.892,"endTime":673.782,"body":"They look at investments in a"},{"speaker":"Stephanie Walter","startTime":669.892,"endTime":673.782,"body":"much different way than then."},{"speaker":"Stephanie Walter","startTime":674.357,"endTime":678.997,"body":"Anyone else does as far as a 401k"},{"speaker":"Stephanie Walter","startTime":674.357,"endTime":678.997,"body":"and investing, they understand who's"},{"speaker":"Stephanie Walter","startTime":678.997,"endTime":684.387,"body":"running the companies, what their what"},{"speaker":"Stephanie Walter","startTime":678.997,"endTime":684.387,"body":"their goals are, what exit strategies"},{"speaker":"Stephanie Walter","startTime":684.387,"endTime":689.417,"body":"are what cash flow will be gotten"},{"speaker":"Stephanie Walter","startTime":684.387,"endTime":689.417,"body":"and appreciation in the meantime and"},{"speaker":"Stephanie Walter","startTime":689.417,"endTime":694.357,"body":"definitely most importantly, they know"},{"speaker":"Stephanie Walter","startTime":689.417,"endTime":694.357,"body":"what kind of tax ramifications are"},{"speaker":"Stephanie Walter","startTime":694.357,"endTime":699.357,"body":"going to be in and therefore they're"},{"speaker":"Stephanie Walter","startTime":694.357,"endTime":699.357,"body":"preparing for those exits With tax"},{"speaker":"Stephanie Walter","startTime":699.357,"endTime":702.027,"body":"strategies to handle their gains."},{"speaker":"Average Joe Finances","startTime":703.917,"endTime":708.707,"body":"Yeah, no that's"},{"speaker":"Average Joe Finances","startTime":703.917,"endTime":708.707,"body":"huge because mindset is probably the"},{"speaker":"Average Joe Finances","startTime":708.857,"endTime":711.487,"body":"biggest thing that holds people back."},{"speaker":"Average Joe Finances","startTime":711.537,"endTime":713.157,"body":"And I like how you describe it."},{"speaker":"Average Joe Finances","startTime":713.207,"endTime":717.787,"body":"It's the same way that I feel like"},{"speaker":"Average Joe Finances","startTime":713.207,"endTime":717.787,"body":"rich dad, poor dad explained it."},{"speaker":"Average Joe Finances","startTime":717.877,"endTime":722.807,"body":"When it comes to, employing your"},{"speaker":"Average Joe Finances","startTime":717.877,"endTime":722.807,"body":"dollars, putting them to work and not."},{"speaker":"Average Joe Finances","startTime":723.197,"endTime":725.707,"body":"Not you working for them,"},{"speaker":"Average Joe Finances","startTime":723.197,"endTime":725.707,"body":"but them working for you."},{"speaker":"Average Joe Finances","startTime":726.277,"endTime":729.267,"body":"And I think a lot of us get"},{"speaker":"Average Joe Finances","startTime":726.277,"endTime":729.267,"body":"caught up in this, we get"},{"speaker":"Average Joe Finances","startTime":729.267,"endTime":730.437,"body":"these golden handcuffs, right?"},{"speaker":"Average Joe Finances","startTime":730.437,"endTime":733.677,"body":"Especially if you get into a high paying"},{"speaker":"Average Joe Finances","startTime":730.437,"endTime":733.677,"body":"job and you feel like, okay this is where"},{"speaker":"Average Joe Finances","startTime":733.677,"endTime":737.257,"body":"I'm going to be at for the rest of my"},{"speaker":"Average Joe Finances","startTime":733.677,"endTime":737.257,"body":"life because it pays so well, and if I"},{"speaker":"Average Joe Finances","startTime":737.257,"endTime":743.907,"body":"just keep investing, in my 401k, then"},{"speaker":"Average Joe Finances","startTime":737.257,"endTime":743.907,"body":"I can retire at the ripe old age of 65."},{"speaker":"Average Joe Finances","startTime":743.957,"endTime":744.377,"body":"And then."},{"speaker":"Average Joe Finances","startTime":744.822,"endTime":747.672,"body":"You look back at that and then"},{"speaker":"Average Joe Finances","startTime":744.822,"endTime":747.672,"body":"you look at the average age"},{"speaker":"Average Joe Finances","startTime":747.872,"endTime":749.252,"body":"of people in America, right?"},{"speaker":"Average Joe Finances","startTime":749.292,"endTime":752.712,"body":"And right now it's, I think"},{"speaker":"Average Joe Finances","startTime":749.292,"endTime":752.712,"body":"what 73 or something like that."},{"speaker":"Average Joe Finances","startTime":752.712,"endTime":758.332,"body":"So you work up until you're 65 to"},{"speaker":"Average Joe Finances","startTime":752.712,"endTime":758.332,"body":"retire, to give yourself, seven,"},{"speaker":"Average Joe Finances","startTime":758.332,"endTime":762.182,"body":"eight years of enjoyment of your"},{"speaker":"Average Joe Finances","startTime":758.332,"endTime":762.182,"body":"retirement before you're done."},{"speaker":"Average Joe Finances","startTime":762.642,"endTime":764.772,"body":"And it's what why would"},{"speaker":"Average Joe Finances","startTime":762.642,"endTime":764.772,"body":"you do that to yourself?"},{"speaker":"Average Joe Finances","startTime":764.962,"endTime":768.672,"body":"Work, at this point, you've"},{"speaker":"Average Joe Finances","startTime":764.962,"endTime":768.672,"body":"worked for over 40 years and"},{"speaker":"Average Joe Finances","startTime":768.672,"endTime":770.462,"body":"and you give yourself so little."},{"speaker":"Average Joe Finances","startTime":770.712,"endTime":772.392,"body":"Time to recover on the back."},{"speaker":"Average Joe Finances","startTime":772.392,"endTime":776.382,"body":"And that's why I felt it's so"},{"speaker":"Average Joe Finances","startTime":772.392,"endTime":776.382,"body":"important to push to get financial"},{"speaker":"Average Joe Finances","startTime":776.382,"endTime":778.122,"body":"independence as soon as possible."},{"speaker":"Average Joe Finances","startTime":778.312,"endTime":780.402,"body":"Then do whatever the heck you want, right?"},{"speaker":"Average Joe Finances","startTime":780.612,"endTime":781.902,"body":"Then focus on some other things."},{"speaker":"Average Joe Finances","startTime":781.902,"endTime":784.392,"body":"But once you can reach that"},{"speaker":"Average Joe Finances","startTime":781.902,"endTime":784.392,"body":"point of financial independence,"},{"speaker":"Average Joe Finances","startTime":784.682,"endTime":785.872,"body":"the world is your oyster."},{"speaker":"Average Joe Finances","startTime":785.872,"endTime":786.902,"body":"So you can just shuck it."},{"speaker":"Average Joe Finances","startTime":787.062,"endTime":787.432,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":787.482,"endTime":790.432,"body":"Now, you had mentioned, a lot of"},{"speaker":"Average Joe Finances","startTime":787.482,"endTime":790.432,"body":"times people put their money into"},{"speaker":"Average Joe Finances","startTime":790.432,"endTime":794.952,"body":"their 401k and they're not even really"},{"speaker":"Average Joe Finances","startTime":790.432,"endTime":794.952,"body":"sure what it's actually going into."},{"speaker":"Average Joe Finances","startTime":795.402,"endTime":799.332,"body":"So what do you say people should actually"},{"speaker":"Average Joe Finances","startTime":795.402,"endTime":799.332,"body":"be putting that money into instead of"},{"speaker":"Average Joe Finances","startTime":799.332,"endTime":804.212,"body":"a 401k or should they still put into"},{"speaker":"Average Joe Finances","startTime":799.332,"endTime":804.212,"body":"their 401k and figure out where, what"},{"speaker":"Average Joe Finances","startTime":804.212,"endTime":805.632,"body":"stocks it's actually invested in?"},{"speaker":"Average Joe Finances","startTime":805.762,"endTime":806.942,"body":"What are your recommendations on that?"},{"speaker":"Stephanie Walter","startTime":808.327,"endTime":809.327,"body":"Okay."},{"speaker":"Stephanie Walter","startTime":809.437,"endTime":812.477,"body":"People need to understand"},{"speaker":"Stephanie Walter","startTime":809.437,"endTime":812.477,"body":"the history of the 401k."},{"speaker":"Stephanie Walter","startTime":812.847,"endTime":816.087,"body":"It just, came to be 30 years ago."},{"speaker":"Stephanie Walter","startTime":816.457,"endTime":816.737,"body":"Okay."},{"speaker":"Stephanie Walter","startTime":816.737,"endTime":818.747,"body":"Things were different 30 years ago."},{"speaker":"Stephanie Walter","startTime":819.047,"endTime":821.877,"body":"Our tax rates were actually, if"},{"speaker":"Stephanie Walter","startTime":819.047,"endTime":821.877,"body":"you can believe it, they were"},{"speaker":"Stephanie Walter","startTime":821.887,"endTime":824.087,"body":"higher than they are right now."},{"speaker":"Stephanie Walter","startTime":824.097,"endTime":825.757,"body":"They're actually lower right now."},{"speaker":"Stephanie Walter","startTime":826.267,"endTime":832.107,"body":"So the idea was when you contribute"},{"speaker":"Stephanie Walter","startTime":826.267,"endTime":832.107,"body":"to your 401k, you get to write off"},{"speaker":"Stephanie Walter","startTime":832.557,"endTime":837.947,"body":"Those taxes then waited out for the"},{"speaker":"Stephanie Walter","startTime":832.557,"endTime":837.947,"body":"30 years and that, and then take"},{"speaker":"Stephanie Walter","startTime":837.947,"endTime":840.017,"body":"the money out at a lower tax rate."},{"speaker":"Stephanie Walter","startTime":840.447,"endTime":844.127,"body":"Quite certainly from everything"},{"speaker":"Stephanie Walter","startTime":840.447,"endTime":844.127,"body":"that we know about what's going on"},{"speaker":"Stephanie Walter","startTime":844.127,"endTime":848.327,"body":"with our economy is we're in the"},{"speaker":"Stephanie Walter","startTime":844.127,"endTime":848.327,"body":"lowest tax rates we've ever been in"},{"speaker":"Stephanie Walter","startTime":848.627,"endTime":850.327,"body":"since the history of the country."},{"speaker":"Stephanie Walter","startTime":850.607,"endTime":855.905,"body":"Then on the average from when  These"},{"speaker":"Stephanie Walter","startTime":850.607,"endTime":855.905,"body":"taxes were introduced in 1913."},{"speaker":"Stephanie Walter","startTime":856.945,"endTime":860.665,"body":"The average tax rate was 58.8%."},{"speaker":"Stephanie Walter","startTime":861.175,"endTime":863.315,"body":"We're around 40 percent right now."},{"speaker":"Stephanie Walter","startTime":863.665,"endTime":865.205,"body":"We know there's terrible."},{"speaker":"Stephanie Walter","startTime":865.305,"endTime":872.235,"body":"There's a terrible debt problem and we"},{"speaker":"Stephanie Walter","startTime":865.305,"endTime":872.235,"body":"know in 2025, that sunsets and they're"},{"speaker":"Stephanie Walter","startTime":872.235,"endTime":874.065,"body":"going to come up with new tax rates."},{"speaker":"Stephanie Walter","startTime":874.585,"endTime":879.745,"body":"The idea of investing in a product"},{"speaker":"Stephanie Walter","startTime":874.585,"endTime":879.745,"body":"that in a lower tax rate environment."},{"speaker":"Stephanie Walter","startTime":880.345,"endTime":885.525,"body":"And then paying the taxes later is"},{"speaker":"Stephanie Walter","startTime":880.345,"endTime":885.525,"body":"pretty flawed for my perspective."},{"speaker":"Stephanie Walter","startTime":885.955,"endTime":890.24,"body":"But I understand that people are very"},{"speaker":"Stephanie Walter","startTime":885.955,"endTime":890.24,"body":"attached to their 401ks and they want to."},{"speaker":"Stephanie Walter","startTime":890.48,"endTime":892.37,"body":"Possibly work and make them better."},{"speaker":"Stephanie Walter","startTime":892.37,"endTime":894.56,"body":"And there's certainly"},{"speaker":"Stephanie Walter","startTime":892.37,"endTime":894.56,"body":"lots of ways to do that."},{"speaker":"Stephanie Walter","startTime":894.98,"endTime":901.92,"body":"First of all, you need to take the money"},{"speaker":"Stephanie Walter","startTime":894.98,"endTime":901.92,"body":"and put it into indexed products, index"},{"speaker":"Stephanie Walter","startTime":901.92,"endTime":905.32,"body":"funds, the learn what your fees are."},{"speaker":"Stephanie Walter","startTime":905.605,"endTime":907.785,"body":"And get those fees as low as possible."},{"speaker":"Stephanie Walter","startTime":907.785,"endTime":911.695,"body":"In one chapter of my book, I talk"},{"speaker":"Stephanie Walter","startTime":907.785,"endTime":911.695,"body":"about the difference between someone"},{"speaker":"Stephanie Walter","startTime":911.695,"endTime":917.145,"body":"paying 3 percent fees, 2 percent fees"},{"speaker":"Stephanie Walter","startTime":911.695,"endTime":917.145,"body":"and 1 percent fees and what that does"},{"speaker":"Stephanie Walter","startTime":917.145,"endTime":921.365,"body":"over the course of them holding their"},{"speaker":"Stephanie Walter","startTime":917.145,"endTime":921.365,"body":"whole working life and their portfolio."},{"speaker":"Stephanie Walter","startTime":921.665,"endTime":925.685,"body":"Literally the person that has"},{"speaker":"Stephanie Walter","startTime":921.665,"endTime":925.685,"body":"the 1 percent fees has to work."},{"speaker":"Stephanie Walter","startTime":926.1,"endTime":929.74,"body":"10 more years, basically,"},{"speaker":"Stephanie Walter","startTime":926.1,"endTime":929.74,"body":"so it's not insignificant."},{"speaker":"Stephanie Walter","startTime":929.8,"endTime":933.09,"body":"I just want people to be more"},{"speaker":"Stephanie Walter","startTime":929.8,"endTime":933.09,"body":"engaged with their investments."},{"speaker":"Stephanie Walter","startTime":933.13,"endTime":937.84,"body":"But secondly, I would say if"},{"speaker":"Stephanie Walter","startTime":933.13,"endTime":937.84,"body":"you're your company's matching,"},{"speaker":"Stephanie Walter","startTime":937.84,"endTime":939.92,"body":"you do the match up to the match."},{"speaker":"Stephanie Walter","startTime":940.22,"endTime":943.21,"body":"And then there are many other"},{"speaker":"Stephanie Walter","startTime":940.22,"endTime":943.21,"body":"strategies in which you can"},{"speaker":"Stephanie Walter","startTime":943.21,"endTime":944.65,"body":"put the rest of that money."},{"speaker":"Stephanie Walter","startTime":945.01,"endTime":950.68,"body":"And those are you should be"},{"speaker":"Stephanie Walter","startTime":945.01,"endTime":950.68,"body":"looking for tax free income."},{"speaker":"Stephanie Walter","startTime":950.78,"endTime":955.98,"body":"So either Roth, if you make too much"},{"speaker":"Stephanie Walter","startTime":950.78,"endTime":955.98,"body":"money for a Roth, you can move into"},{"speaker":"Stephanie Walter","startTime":956.02,"endTime":958.79,"body":"a cash value life insurance policy."},{"speaker":"Stephanie Walter","startTime":959.1,"endTime":963.33,"body":"Lots of people turn their noses"},{"speaker":"Stephanie Walter","startTime":959.1,"endTime":963.33,"body":"up at that, but it's a very good"},{"speaker":"Stephanie Walter","startTime":963.35,"endTime":965.9,"body":"strategy for growing your money."},{"speaker":"Stephanie Walter","startTime":966.34,"endTime":970.4,"body":"You grow it in a tax free environment"},{"speaker":"Stephanie Walter","startTime":966.34,"endTime":970.4,"body":"and you take it out tax free."},{"speaker":"Stephanie Walter","startTime":970.78,"endTime":977.735,"body":"And so in 20 years $50,000 or"},{"speaker":"Stephanie Walter","startTime":970.78,"endTime":977.735,"body":"$100,000 coming to you tax free is"},{"speaker":"Stephanie Walter","startTime":978.195,"endTime":980.685,"body":"you really have to have that strategy."},{"speaker":"Stephanie Walter","startTime":981.185,"endTime":982.105,"body":"In your portfolio."},{"speaker":"Stephanie Walter","startTime":982.105,"endTime":986.205,"body":"And then the last thing I'll say is"},{"speaker":"Stephanie Walter","startTime":982.105,"endTime":986.205,"body":"that a lot of people work many jobs"},{"speaker":"Stephanie Walter","startTime":986.205,"endTime":990.545,"body":"over the course of their lives, and"},{"speaker":"Stephanie Walter","startTime":986.205,"endTime":990.545,"body":"they have old forgotten 401ks that"},{"speaker":"Stephanie Walter","startTime":990.545,"endTime":992.475,"body":"they've literally forgotten about."},{"speaker":"Stephanie Walter","startTime":992.535,"endTime":995.115,"body":"But the financial companies"},{"speaker":"Stephanie Walter","startTime":992.535,"endTime":995.115,"body":"don't forget about them."},{"speaker":"Stephanie Walter","startTime":995.125,"endTime":997.435,"body":"They get their cut of"},{"speaker":"Stephanie Walter","startTime":995.125,"endTime":997.435,"body":"your money every year."},{"speaker":"Stephanie Walter","startTime":997.935,"endTime":1002.455,"body":"And I would encourage you to take"},{"speaker":"Stephanie Walter","startTime":997.935,"endTime":1002.455,"body":"those 401ks, you can roll them"},{"speaker":"Stephanie Walter","startTime":1002.455,"endTime":1007.665,"body":"into a self directed IRA and truly"},{"speaker":"Stephanie Walter","startTime":1002.455,"endTime":1007.665,"body":"you are able to direct that money."},{"speaker":"Stephanie Walter","startTime":1007.665,"endTime":1008.545,"body":"It's that simple."},{"speaker":"Stephanie Walter","startTime":1008.565,"endTime":1009.855,"body":"It's a simple process."},{"speaker":"Stephanie Walter","startTime":1009.855,"endTime":1014.315,"body":"You just roll it over,"},{"speaker":"Stephanie Walter","startTime":1009.855,"endTime":1014.315,"body":"put it with a custodian."},{"speaker":"Stephanie Walter","startTime":1014.405,"endTime":1017.525,"body":"They'll probably charge"},{"speaker":"Stephanie Walter","startTime":1014.405,"endTime":1017.525,"body":"you 175 to set it up."},{"speaker":"Stephanie Walter","startTime":1017.885,"endTime":1021.855,"body":"And then literally you can invest"},{"speaker":"Stephanie Walter","startTime":1017.885,"endTime":1021.855,"body":"that money wherever you want it to be."},{"speaker":"Average Joe Finances","startTime":1022.9,"endTime":1023.17,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1023.17,"endTime":1026.92,"body":"So you're talking about rolling it"},{"speaker":"Average Joe Finances","startTime":1023.17,"endTime":1026.92,"body":"over into a self directed IRA, right?"},{"speaker":"Stephanie Walter","startTime":1027.65,"endTime":1027.85,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1027.85,"endTime":1030.37,"body":"Is that's that's"},{"speaker":"Average Joe Finances","startTime":1027.85,"endTime":1030.37,"body":"pretty significant because I know a"},{"speaker":"Average Joe Finances","startTime":1030.37,"endTime":1031.72,"body":"couple of people that have done that."},{"speaker":"Average Joe Finances","startTime":1031.73,"endTime":1036.14,"body":"And one of the biggest benefits"},{"speaker":"Average Joe Finances","startTime":1031.73,"endTime":1036.14,"body":"is, they're now taking that money"},{"speaker":"Average Joe Finances","startTime":1036.14,"endTime":1039.81,"body":"that they had in the 401k that"},{"speaker":"Average Joe Finances","startTime":1036.14,"endTime":1039.81,"body":"they rolled over and now they're"},{"speaker":"Average Joe Finances","startTime":1039.81,"endTime":1041.57,"body":"able to invest it in real estate."},{"speaker":"Average Joe Finances","startTime":1041.98,"endTime":1043.93,"body":"And now part of their retirement."},{"speaker":"Average Joe Finances","startTime":1044.405,"endTime":1047.475,"body":"Are these real estate syndications"},{"speaker":"Average Joe Finances","startTime":1044.405,"endTime":1047.475,"body":"that they were able to invest in as an"},{"speaker":"Average Joe Finances","startTime":1047.475,"endTime":1051.255,"body":"LP and all those returns that they're"},{"speaker":"Average Joe Finances","startTime":1047.475,"endTime":1051.255,"body":"getting off of that is going right"},{"speaker":"Average Joe Finances","startTime":1051.255,"endTime":1052.635,"body":"into their retirement account, right?"},{"speaker":"Average Joe Finances","startTime":1052.635,"endTime":1057.815,"body":"And it's continuing to grow at a"},{"speaker":"Average Joe Finances","startTime":1052.635,"endTime":1057.815,"body":"significantly higher rate than what it"},{"speaker":"Average Joe Finances","startTime":1057.835,"endTime":1059.745,"body":"was leaving it in index funds, right?"},{"speaker":"Average Joe Finances","startTime":1060.55,"endTime":1061.49,"body":"Index funds are great."},{"speaker":"Average Joe Finances","startTime":1061.51,"endTime":1063.01,"body":"I'm not going to hate on index funds."},{"speaker":"Average Joe Finances","startTime":1063.36,"endTime":1066.59,"body":"I invest in index funds a"},{"speaker":"Average Joe Finances","startTime":1063.36,"endTime":1066.59,"body":"little bit myself just because"},{"speaker":"Average Joe Finances","startTime":1066.94,"endTime":1069.1,"body":"I like to have diversification."},{"speaker":"Average Joe Finances","startTime":1069.46,"endTime":1073.2,"body":"But there's so much diversification you"},{"speaker":"Average Joe Finances","startTime":1069.46,"endTime":1073.2,"body":"can actually get just through real estate"},{"speaker":"Average Joe Finances","startTime":1073.24,"endTime":1076.16,"body":"alone that people don't really realize."},{"speaker":"Average Joe Finances","startTime":1076.16,"endTime":1078.91,"body":"And for me, I look at it this"},{"speaker":"Average Joe Finances","startTime":1076.16,"endTime":1078.91,"body":"way because in real estate,"},{"speaker":"Average Joe Finances","startTime":1079.68,"endTime":1081.62,"body":"every single market is different."},{"speaker":"Average Joe Finances","startTime":1082.325,"endTime":1084.995,"body":"So if you want to diversify"},{"speaker":"Average Joe Finances","startTime":1082.325,"endTime":1084.995,"body":"in real estate, invest in"},{"speaker":"Average Joe Finances","startTime":1084.995,"endTime":1086.685,"body":"different markets, right?"},{"speaker":"Average Joe Finances","startTime":1086.775,"endTime":1090.015,"body":"There's some markets that"},{"speaker":"Average Joe Finances","startTime":1086.775,"endTime":1090.015,"body":"appreciate way better than others."},{"speaker":"Average Joe Finances","startTime":1090.315,"endTime":1092.745,"body":"There's some markets that"},{"speaker":"Average Joe Finances","startTime":1090.315,"endTime":1092.745,"body":"are much better for cashflow."},{"speaker":"Average Joe Finances","startTime":1093.045,"endTime":1097.145,"body":"So if you're looking for, you want to have"},{"speaker":"Average Joe Finances","startTime":1093.045,"endTime":1097.145,"body":"that higher monthly payment to yourself,"},{"speaker":"Average Joe Finances","startTime":1097.66,"endTime":1101.54,"body":"Then you're going to want to invest"},{"speaker":"Average Joe Finances","startTime":1097.66,"endTime":1101.54,"body":"in those cashflow producing markets."},{"speaker":"Average Joe Finances","startTime":1101.77,"endTime":1105.36,"body":"If you want to be in an area where it's"},{"speaker":"Average Joe Finances","startTime":1101.77,"endTime":1105.36,"body":"I want to build my wealth gradually but"},{"speaker":"Average Joe Finances","startTime":1105.44,"endTime":1111.19,"body":"in a strong manner, you want to invest"},{"speaker":"Average Joe Finances","startTime":1105.44,"endTime":1111.19,"body":"in those high appreciating areas, right?"},{"speaker":"Average Joe Finances","startTime":1111.33,"endTime":1114.5,"body":"Where the homes are just"},{"speaker":"Average Joe Finances","startTime":1111.33,"endTime":1114.5,"body":"skyrocketing in price every."},{"speaker":"Average Joe Finances","startTime":1114.93,"endTime":1118.36,"body":"Some areas like, where I live at out"},{"speaker":"Average Joe Finances","startTime":1114.93,"endTime":1118.36,"body":"here in Hawaii, we appreciate at a"},{"speaker":"Average Joe Finances","startTime":1118.36,"endTime":1122.99,"body":"rate of, every 10 to 12 years that"},{"speaker":"Average Joe Finances","startTime":1118.36,"endTime":1122.99,"body":"the home has doubled in price, right?"},{"speaker":"Average Joe Finances","startTime":1122.99,"endTime":1124.5,"body":"So it's absolutely amazing."},{"speaker":"Average Joe Finances","startTime":1124.5,"endTime":1125.38,"body":"So now."},{"speaker":"Average Joe Finances","startTime":1125.83,"endTime":1128.76,"body":"If you were to invest out here for"},{"speaker":"Average Joe Finances","startTime":1125.83,"endTime":1128.76,"body":"cashflow, you ain't going to get it there."},{"speaker":"Average Joe Finances","startTime":1128.77,"endTime":1129.51,"body":"It's not happening."},{"speaker":"Average Joe Finances","startTime":1129.51,"endTime":1132.99,"body":"You know what people pay for rent would"},{"speaker":"Average Joe Finances","startTime":1129.51,"endTime":1132.99,"body":"pale in comparison to what your mortgage"},{"speaker":"Average Joe Finances","startTime":1133.22,"endTime":1135.0,"body":"would be, especially with today's rates."},{"speaker":"Average Joe Finances","startTime":1135.39,"endTime":1138.25,"body":"But if you're somebody who's"},{"speaker":"Average Joe Finances","startTime":1135.39,"endTime":1138.25,"body":"patient and can hold on for about"},{"speaker":"Average Joe Finances","startTime":1138.25,"endTime":1141.105,"body":"10, 15, 20, 30 years, right?"},{"speaker":"Average Joe Finances","startTime":1141.805,"endTime":1144.555,"body":"That one asset is going to"},{"speaker":"Average Joe Finances","startTime":1141.805,"endTime":1144.555,"body":"make you a ton of money."},{"speaker":"Average Joe Finances","startTime":1144.925,"endTime":1147.445,"body":"I think things like that are important"},{"speaker":"Average Joe Finances","startTime":1144.925,"endTime":1147.445,"body":"for people to think about, right?"},{"speaker":"Average Joe Finances","startTime":1147.595,"endTime":1151.155,"body":"When it comes to diversification, it"},{"speaker":"Average Joe Finances","startTime":1147.595,"endTime":1151.155,"body":"doesn't just necessarily mean be in"},{"speaker":"Average Joe Finances","startTime":1151.155,"endTime":1154.115,"body":"the stock market, be in real estate,"},{"speaker":"Average Joe Finances","startTime":1151.155,"endTime":1154.115,"body":"be in all these other different"},{"speaker":"Average Joe Finances","startTime":1154.125,"endTime":1155.455,"body":"assets, have precious metals."},{"speaker":"Average Joe Finances","startTime":1155.855,"endTime":1156.465,"body":"That's great."},{"speaker":"Average Joe Finances","startTime":1156.475,"endTime":1159.705,"body":"And yes, you should diversify that"},{"speaker":"Average Joe Finances","startTime":1156.475,"endTime":1159.705,"body":"way, but you can also diversify."},{"speaker":"Average Joe Finances","startTime":1160.28,"endTime":1163.76,"body":"In those markets themselves, even in the"},{"speaker":"Average Joe Finances","startTime":1160.28,"endTime":1163.76,"body":"stock market, you can diversify to what"},{"speaker":"Average Joe Finances","startTime":1163.76,"endTime":1167.11,"body":"kind of funds you're putting into there's"},{"speaker":"Average Joe Finances","startTime":1163.76,"endTime":1167.11,"body":"just so many ways to go about doing it."},{"speaker":"Average Joe Finances","startTime":1167.16,"endTime":1168.09,"body":"Would you agree with that?"},{"speaker":"Stephanie Walter","startTime":1168.84,"endTime":1169.24,"body":"Yes."},{"speaker":"Stephanie Walter","startTime":1169.32,"endTime":1169.62,"body":"Yep."},{"speaker":"Stephanie Walter","startTime":1169.62,"endTime":1170.55,"body":"100%."},{"speaker":"Stephanie Walter","startTime":1170.55,"endTime":1174.35,"body":"I get on the email list of Tiger 21."},{"speaker":"Stephanie Walter","startTime":1174.35,"endTime":1177.03,"body":"I encourage everyone else to as well."},{"speaker":"Stephanie Walter","startTime":1177.42,"endTime":1180.76,"body":"I get nothing from them,"},{"speaker":"Stephanie Walter","startTime":1177.42,"endTime":1180.76,"body":"but it's a great resource."},{"speaker":"Stephanie Walter","startTime":1180.83,"endTime":1186.155,"body":"It's Tiger 21 is a group that"},{"speaker":"Stephanie Walter","startTime":1180.83,"endTime":1186.155,"body":"accepts members in there that have"},{"speaker":"Stephanie Walter","startTime":1186.245,"endTime":1189.145,"body":"$10 Million of net worth or higher."},{"speaker":"Stephanie Walter","startTime":1189.605,"endTime":1193.785,"body":"And every year as a part of being a"},{"speaker":"Stephanie Walter","startTime":1189.605,"endTime":1193.785,"body":"part of this group where they network"},{"speaker":"Stephanie Walter","startTime":1193.785,"endTime":1198.635,"body":"and talk about their investments, that"},{"speaker":"Stephanie Walter","startTime":1193.785,"endTime":1198.635,"body":"they will disclose their investments"},{"speaker":"Stephanie Walter","startTime":1198.635,"endTime":1200.755,"body":"at the quarterly every year."},{"speaker":"Stephanie Walter","startTime":1201.145,"endTime":1203.275,"body":"So, they just came out with a report not."},{"speaker":"Stephanie Walter","startTime":1204.21,"endTime":1207.07,"body":"I think it was last week and same thing."},{"speaker":"Stephanie Walter","startTime":1207.08,"endTime":1209.71,"body":"These are truly diversified people."},{"speaker":"Stephanie Walter","startTime":1210.0,"endTime":1212.92,"body":"Hey, they've got probably I"},{"speaker":"Stephanie Walter","startTime":1210.0,"endTime":1212.92,"body":"think they said it was slightly"},{"speaker":"Stephanie Walter","startTime":1212.92,"endTime":1215.56,"body":"increasing 30 percent in real estate."},{"speaker":"Stephanie Walter","startTime":1215.9,"endTime":1221.48,"body":"They've got a 25 percent in"},{"speaker":"Stephanie Walter","startTime":1215.9,"endTime":1221.48,"body":"private equities, so so that"},{"speaker":"Stephanie Walter","startTime":1221.61,"endTime":1223.32,"body":"still is not the stock market."},{"speaker":"Stephanie Walter","startTime":1223.66,"endTime":1226.97,"body":"Then they've got about 20"},{"speaker":"Stephanie Walter","startTime":1223.66,"endTime":1226.97,"body":"percent in public equities."},{"speaker":"Stephanie Walter","startTime":1227.03,"endTime":1228.6,"body":"So those would be stocks and bonds."},{"speaker":"Stephanie Walter","startTime":1229.09,"endTime":1231.61,"body":"Then the rest of it's a"},{"speaker":"Stephanie Walter","startTime":1229.09,"endTime":1231.61,"body":"hodgepodge of different things."},{"speaker":"Stephanie Walter","startTime":1231.65,"endTime":1233.62,"body":"But those 3 are very consistent."},{"speaker":"Stephanie Walter","startTime":1233.94,"endTime":1235.2,"body":"It's always real estate."},{"speaker":"Stephanie Walter","startTime":1235.21,"endTime":1238.74,"body":"It's the big 1 then private"},{"speaker":"Stephanie Walter","startTime":1235.21,"endTime":1238.74,"body":"equities is usually higher."},{"speaker":"Stephanie Walter","startTime":1239.135,"endTime":1240.705,"body":"Then public equities."},{"speaker":"Stephanie Walter","startTime":1240.785,"endTime":1244.625,"body":"And yes, that when people tell us"},{"speaker":"Stephanie Walter","startTime":1240.785,"endTime":1244.625,"body":"to diversify, it doesn't mean to go"},{"speaker":"Stephanie Walter","startTime":1244.625,"endTime":1250.055,"body":"to your into your 401k and diversify"},{"speaker":"Stephanie Walter","startTime":1244.625,"endTime":1250.055,"body":"over a million different mutual funds,"},{"speaker":"Stephanie Walter","startTime":1250.525,"endTime":1253.005,"body":"just absolutely is that it's not true."},{"speaker":"Stephanie Walter","startTime":1253.055,"endTime":1257.195,"body":"Diversification is having truly"},{"speaker":"Stephanie Walter","startTime":1253.055,"endTime":1257.195,"body":"non market related assets."},{"speaker":"Average Joe Finances","startTime":1258.485,"endTime":1259.175,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":1259.185,"endTime":1259.475,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1259.475,"endTime":1260.345,"body":"So I love that."},{"speaker":"Average Joe Finances","startTime":1260.345,"endTime":1262.465,"body":"I just wanted to point that out"},{"speaker":"Average Joe Finances","startTime":1260.345,"endTime":1262.465,"body":"because I think a lot of people"},{"speaker":"Average Joe Finances","startTime":1262.465,"endTime":1265.815,"body":"might be listening and they hear the"},{"speaker":"Average Joe Finances","startTime":1262.465,"endTime":1265.815,"body":"diversification so many times and they're"},{"speaker":"Average Joe Finances","startTime":1265.815,"endTime":1269.245,"body":"like I'm in so many different stocks"},{"speaker":"Average Joe Finances","startTime":1265.815,"endTime":1269.245,"body":"or I'm, I'm in this and I'm in that."},{"speaker":"Average Joe Finances","startTime":1269.545,"endTime":1273.015,"body":"They're true diversification"},{"speaker":"Average Joe Finances","startTime":1269.545,"endTime":1273.015,"body":"is like really knowing where"},{"speaker":"Average Joe Finances","startTime":1273.015,"endTime":1274.705,"body":"your money is for one, right?"},{"speaker":"Average Joe Finances","startTime":1274.765,"endTime":1275.365,"body":"It's not oh, okay."},{"speaker":"Average Joe Finances","startTime":1275.505,"endTime":1275.605,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1275.745,"endTime":1276.775,"body":"I dabble a little bit here."},{"speaker":"Average Joe Finances","startTime":1276.775,"endTime":1277.685,"body":"I dabble a little bit there."},{"speaker":"Average Joe Finances","startTime":1277.895,"endTime":1278.195,"body":"No."},{"speaker":"Average Joe Finances","startTime":1278.195,"endTime":1280.225,"body":"How much of a percent of your portfolio?"},{"speaker":"Average Joe Finances","startTime":1280.665,"endTime":1282.445,"body":"Is in each sector, right?"},{"speaker":"Average Joe Finances","startTime":1282.485,"endTime":1283.845,"body":"I think that's super important."},{"speaker":"Average Joe Finances","startTime":1284.135,"endTime":1287.325,"body":"And then figure out where in"},{"speaker":"Average Joe Finances","startTime":1284.135,"endTime":1287.325,"body":"those sectors you want that."},{"speaker":"Average Joe Finances","startTime":1287.595,"endTime":1288.435,"body":"Cash to be."},{"speaker":"Average Joe Finances","startTime":1288.895,"endTime":1289.225,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1289.345,"endTime":1293.525,"body":"Now you had also mentioned, somebody"},{"speaker":"Average Joe Finances","startTime":1289.345,"endTime":1293.525,"body":"having a life insurance policy, right?"},{"speaker":"Average Joe Finances","startTime":1293.585,"endTime":1295.685,"body":"To be able to get tax free income."},{"speaker":"Average Joe Finances","startTime":1296.135,"endTime":1299.195,"body":"And I've, we've talked about that"},{"speaker":"Average Joe Finances","startTime":1296.135,"endTime":1299.195,"body":"on this podcast a couple times."},{"speaker":"Average Joe Finances","startTime":1299.2,"endTime":1302.185,"body":"We've had folks come on and talk"},{"speaker":"Average Joe Finances","startTime":1299.2,"endTime":1302.185,"body":"about how to get whole life insurance"},{"speaker":"Average Joe Finances","startTime":1302.185,"endTime":1307.255,"body":"policies and do that Now, what"},{"speaker":"Average Joe Finances","startTime":1302.185,"endTime":1307.255,"body":"makes you a fan of this method?"},{"speaker":"Stephanie Walter","startTime":1308.645,"endTime":1309.815,"body":"I am."},{"speaker":"Stephanie Walter","startTime":1310.52,"endTime":1315.05,"body":"I'm a fan of life insurance, but I'm a"},{"speaker":"Stephanie Walter","startTime":1310.52,"endTime":1315.05,"body":"fan of a different type of life insurance."},{"speaker":"Stephanie Walter","startTime":1315.16,"endTime":1321.52,"body":"And this is because I work, like I said,"},{"speaker":"Stephanie Walter","startTime":1315.16,"endTime":1321.52,"body":"I have worked for years with wealthy"},{"speaker":"Stephanie Walter","startTime":1321.52,"endTime":1326.75,"body":"people and consistently the wealthy"},{"speaker":"Stephanie Walter","startTime":1321.52,"endTime":1326.75,"body":"people I've met all have this product."},{"speaker":"Stephanie Walter","startTime":1326.75,"endTime":1330.35,"body":"And I actually, I saw some"},{"speaker":"Stephanie Walter","startTime":1326.75,"endTime":1330.35,"body":"survey the other day that said 40"},{"speaker":"Stephanie Walter","startTime":1330.35,"endTime":1332.65,"body":"percent of the affluent purchase."},{"speaker":"Stephanie Walter","startTime":1333.18,"endTime":1334.25,"body":"This type of product."},{"speaker":"Stephanie Walter","startTime":1334.48,"endTime":1338.44,"body":"So it's definitely worth"},{"speaker":"Stephanie Walter","startTime":1334.48,"endTime":1338.44,"body":"thinking about it's called an"},{"speaker":"Stephanie Walter","startTime":1338.52,"endTime":1340.7,"body":"indexed universal life policy."},{"speaker":"Stephanie Walter","startTime":1341.2,"endTime":1346.49,"body":"Now, the way that I structure it for"},{"speaker":"Stephanie Walter","startTime":1341.2,"endTime":1346.49,"body":"my people and people that have a high"},{"speaker":"Stephanie Walter","startTime":1346.49,"endTime":1352.24,"body":"net worth, or they make a fairly good"},{"speaker":"Stephanie Walter","startTime":1346.49,"endTime":1352.24,"body":"living, you can, and this is an incredible"},{"speaker":"Stephanie Walter","startTime":1352.27,"endTime":1355.81,"body":"strategy, you can leverage a bank."},{"speaker":"Stephanie Walter","startTime":1356.33,"endTime":1358.73,"body":"To pay your life insurance premium."},{"speaker":"Stephanie Walter","startTime":1359.26,"endTime":1360.92,"body":"Most people have never heard of this."},{"speaker":"Stephanie Walter","startTime":1361.31,"endTime":1364.43,"body":"Don't go to your state farm or"},{"speaker":"Stephanie Walter","startTime":1361.31,"endTime":1364.43,"body":"farmer's agent and ask them."},{"speaker":"Stephanie Walter","startTime":1364.69,"endTime":1366.87,"body":"They will not know it at all."},{"speaker":"Stephanie Walter","startTime":1367.19,"endTime":1370.81,"body":"You have to work with someone that"},{"speaker":"Stephanie Walter","startTime":1367.19,"endTime":1370.81,"body":"is a wealth advisor that is very"},{"speaker":"Stephanie Walter","startTime":1370.81,"endTime":1372.79,"body":"familiar with this, but essentially."},{"speaker":"Stephanie Walter","startTime":1372.83,"endTime":1374.37,"body":"So let's use easy numbers."},{"speaker":"Stephanie Walter","startTime":1374.75,"endTime":1376.84,"body":"They insured person qualifies."},{"speaker":"Stephanie Walter","startTime":1377.195,"endTime":1378.175,"body":"That's the big part."},{"speaker":"Stephanie Walter","startTime":1378.175,"endTime":1381.175,"body":"They need to qualify"},{"speaker":"Stephanie Walter","startTime":1378.175,"endTime":1381.175,"body":"for the life insurance."},{"speaker":"Stephanie Walter","startTime":1381.175,"endTime":1384.935,"body":"They put $200,000 in over"},{"speaker":"Stephanie Walter","startTime":1381.175,"endTime":1384.935,"body":"the course of five years."},{"speaker":"Stephanie Walter","startTime":1385.335,"endTime":1388.415,"body":"The rest of the premium is"},{"speaker":"Stephanie Walter","startTime":1385.335,"endTime":1388.415,"body":"paid by the insurance company."},{"speaker":"Stephanie Walter","startTime":1388.415,"endTime":1393.145,"body":"It's a million dollars that they put"},{"speaker":"Stephanie Walter","startTime":1388.415,"endTime":1393.145,"body":"into this policy and we structure it"},{"speaker":"Stephanie Walter","startTime":1393.205,"endTime":1396.075,"body":"so that it's growing up for whatever."},{"speaker":"Stephanie Walter","startTime":1396.695,"endTime":1398.555,"body":"Everyone has a different strategy."},{"speaker":"Stephanie Walter","startTime":1398.695,"endTime":1403.685,"body":"Most people like this for tax free income"},{"speaker":"Stephanie Walter","startTime":1398.695,"endTime":1403.685,"body":"because they love the idea of a bank"},{"speaker":"Stephanie Walter","startTime":1404.125,"endTime":1409.125,"body":"contributing to their that's like having"},{"speaker":"Stephanie Walter","startTime":1404.125,"endTime":1409.125,"body":"a bank contribute to your pension fund."},{"speaker":"Stephanie Walter","startTime":1409.135,"endTime":1410.145,"body":"Who doesn't love this?"},{"speaker":"Stephanie Walter","startTime":1410.215,"endTime":1415.74,"body":"So the way that it works is all of the"},{"speaker":"Stephanie Walter","startTime":1410.215,"endTime":1415.74,"body":"interest and payments are taken out."},{"speaker":"Stephanie Walter","startTime":1415.99,"endTime":1421.2,"body":"In year 13, so essentially, you"},{"speaker":"Stephanie Walter","startTime":1415.99,"endTime":1421.2,"body":"don't have to pay the bank anything"},{"speaker":"Stephanie Walter","startTime":1421.2,"endTime":1426.76,"body":"you're getting alone and there's no"},{"speaker":"Stephanie Walter","startTime":1421.2,"endTime":1426.76,"body":"paying them or anything like that."},{"speaker":"Stephanie Walter","startTime":1426.76,"endTime":1431.32,"body":"But at year 13, we structure it so that"},{"speaker":"Stephanie Walter","startTime":1426.76,"endTime":1431.32,"body":"they can pull the money out of the policy."},{"speaker":"Stephanie Walter","startTime":1431.33,"endTime":1435.64,"body":"The bank can and at that time"},{"speaker":"Stephanie Walter","startTime":1431.33,"endTime":1435.64,"body":"it's running an overdrive."},{"speaker":"Stephanie Walter","startTime":1436.17,"endTime":1442.36,"body":"And so depending on how old the person"},{"speaker":"Stephanie Walter","startTime":1436.17,"endTime":1442.36,"body":"is, they, they get this at year 20 at"},{"speaker":"Stephanie Walter","startTime":1442.36,"endTime":1448.31,"body":"year 15 or 20, whatever, whatever their"},{"speaker":"Stephanie Walter","startTime":1442.36,"endTime":1448.31,"body":"time horizon is, they get tax free income."},{"speaker":"Stephanie Walter","startTime":1448.79,"endTime":1452.35,"body":"But the main thing is that"},{"speaker":"Stephanie Walter","startTime":1448.79,"endTime":1452.35,"body":"it grows within this tax."},{"speaker":"Stephanie Walter","startTime":1452.49,"endTime":1456.62,"body":"It grows and gets the ups in the"},{"speaker":"Stephanie Walter","startTime":1452.49,"endTime":1456.62,"body":"market, but none of the downs."},{"speaker":"Stephanie Walter","startTime":1457.11,"endTime":1460.56,"body":"So it's tied in a way to the"},{"speaker":"Stephanie Walter","startTime":1457.11,"endTime":1460.56,"body":"market, but it never takes."},{"speaker":"Stephanie Walter","startTime":1460.9,"endTime":1462.46,"body":"So if there are any losses."},{"speaker":"Stephanie Walter","startTime":1462.8,"endTime":1464.82,"body":"They get zero in return."},{"speaker":"Stephanie Walter","startTime":1464.87,"endTime":1467.27,"body":"So there's no losses in that."},{"speaker":"Stephanie Walter","startTime":1467.27,"endTime":1470.64,"body":"This is another reason the wealthy"},{"speaker":"Stephanie Walter","startTime":1467.27,"endTime":1470.64,"body":"people love this because they never"},{"speaker":"Stephanie Walter","startTime":1470.64,"endTime":1472.24,"body":"lose any money in this product."},{"speaker":"Stephanie Walter","startTime":1472.93,"endTime":1475.99,"body":"And so then by the time they're"},{"speaker":"Stephanie Walter","startTime":1472.93,"endTime":1475.99,"body":"ready to start taking the money"},{"speaker":"Stephanie Walter","startTime":1476.27,"endTime":1480.03,"body":"could be depending on how young"},{"speaker":"Stephanie Walter","startTime":1476.27,"endTime":1480.03,"body":"they are when they get this set up."},{"speaker":"Stephanie Walter","startTime":1480.03,"endTime":1484.57,"body":"It could be 100 grand 150 grand"},{"speaker":"Stephanie Walter","startTime":1480.03,"endTime":1484.57,"body":"that they're able to take tax"},{"speaker":"Stephanie Walter","startTime":1484.73,"endTime":1486.36,"body":"free for the rest of their lives."},{"speaker":"Stephanie Walter","startTime":1486.92,"endTime":1488.98,"body":"And it's extraordinary."},{"speaker":"Stephanie Walter","startTime":1489.59,"endTime":1494.21,"body":"Now, for the people that don't qualify,"},{"speaker":"Stephanie Walter","startTime":1489.59,"endTime":1494.21,"body":"maybe they don't have the net worth"},{"speaker":"Stephanie Walter","startTime":1494.45,"endTime":1496.08,"body":"to qualify for something like that."},{"speaker":"Stephanie Walter","startTime":1496.5,"endTime":1502.08,"body":"Still, an indexed universal life is an"},{"speaker":"Stephanie Walter","startTime":1496.5,"endTime":1502.08,"body":"amazing product in the way that it grows."},{"speaker":"Stephanie Walter","startTime":1503.24,"endTime":1506.25,"body":"And I want to reverse"},{"speaker":"Stephanie Walter","startTime":1503.24,"endTime":1506.25,"body":"engineer a little bit."},{"speaker":"Stephanie Walter","startTime":1506.95,"endTime":1510.63,"body":"They tell us that we need a"},{"speaker":"Stephanie Walter","startTime":1506.95,"endTime":1510.63,"body":"million dollars to retire."},{"speaker":"Stephanie Walter","startTime":1510.63,"endTime":1511.16,"body":"Okay."},{"speaker":"Stephanie Walter","startTime":1511.55,"endTime":1516.05,"body":"Then a few, although that was a"},{"speaker":"Stephanie Walter","startTime":1511.55,"endTime":1516.05,"body":"few weeks ago, they said, okay, to"},{"speaker":"Stephanie Walter","startTime":1516.13,"endTime":1520.38,"body":"live on that money for the rest of"},{"speaker":"Stephanie Walter","startTime":1516.13,"endTime":1520.38,"body":"your life means you take out 2.5%."},{"speaker":"Stephanie Walter","startTime":1520.72,"endTime":1524.81,"body":"That means you take out $25,000"},{"speaker":"Stephanie Walter","startTime":1520.72,"endTime":1524.81,"body":"for the rest of your life."},{"speaker":"Stephanie Walter","startTime":1525.275,"endTime":1526.945,"body":"And yay, good for you."},{"speaker":"Stephanie Walter","startTime":1527.315,"endTime":1532.985,"body":"Then the tax man might be who knows that"},{"speaker":"Stephanie Walter","startTime":1527.315,"endTime":1532.985,"body":"might be taking 40 percent on the low"},{"speaker":"Stephanie Walter","startTime":1532.985,"endTime":1535.685,"body":"end, maybe taking 50 or 60 percent of it."},{"speaker":"Stephanie Walter","startTime":1536.125,"endTime":1539.005,"body":"So now that $25,000 doesn't look so good."},{"speaker":"Stephanie Walter","startTime":1539.505,"endTime":1543.085,"body":"No, the you just have"},{"speaker":"Stephanie Walter","startTime":1539.505,"endTime":1543.085,"body":"to have tax free income."},{"speaker":"Stephanie Walter","startTime":1543.095,"endTime":1547.755,"body":"And if you look at how these policies"},{"speaker":"Stephanie Walter","startTime":1543.095,"endTime":1547.755,"body":"and you structure them with someone"},{"speaker":"Stephanie Walter","startTime":1548.135,"endTime":1553.805,"body":"who is there to build you a tax free"},{"speaker":"Stephanie Walter","startTime":1548.135,"endTime":1553.805,"body":"income, these are incredibly great."},{"speaker":"Stephanie Walter","startTime":1554.035,"endTime":1556.645,"body":"Resources to use and products."},{"speaker":"Stephanie Walter","startTime":1556.795,"endTime":1561.735,"body":"Yeah that, like I said, a traditionally"},{"speaker":"Stephanie Walter","startTime":1556.795,"endTime":1561.735,"body":"wealthy person uses for sure."},{"speaker":"Stephanie Walter","startTime":1561.735,"endTime":1562.585,"body":"And they love it."},{"speaker":"Stephanie Walter","startTime":1562.885,"endTime":1567.835,"body":"My real estate people love it because"},{"speaker":"Stephanie Walter","startTime":1562.885,"endTime":1567.835,"body":"it mimics very much like real estate."},{"speaker":"Average Joe Finances","startTime":1568.615,"endTime":1568.795,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1568.795,"endTime":1571.995,"body":"And then you can also borrow"},{"speaker":"Average Joe Finances","startTime":1568.795,"endTime":1571.995,"body":"from these policies too, right?"},{"speaker":"Average Joe Finances","startTime":1572.035,"endTime":1575.175,"body":"If you need to take out a loan to"},{"speaker":"Average Joe Finances","startTime":1572.035,"endTime":1575.175,"body":"put a down payment on a piece of"},{"speaker":"Average Joe Finances","startTime":1575.185,"endTime":1576.585,"body":"real estate and things like that."},{"speaker":"Stephanie Walter","startTime":1577.115,"endTime":1579.235,"body":"That's why the"},{"speaker":"Stephanie Walter","startTime":1577.115,"endTime":1579.235,"body":"wealthy people really like them"},{"speaker":"Stephanie Walter","startTime":1579.235,"endTime":1583.605,"body":"because they're very liquid and"},{"speaker":"Stephanie Walter","startTime":1579.235,"endTime":1583.605,"body":"the money just sits in there."},{"speaker":"Stephanie Walter","startTime":1583.615,"endTime":1588.165,"body":"And the beauty of these policies,"},{"speaker":"Stephanie Walter","startTime":1583.615,"endTime":1588.165,"body":"the IUL in particular, I'm talking"},{"speaker":"Stephanie Walter","startTime":1588.175,"endTime":1593.175,"body":"about not whole life is that when you"},{"speaker":"Stephanie Walter","startTime":1588.175,"endTime":1593.175,"body":"take money out of it, you're charged."},{"speaker":"Stephanie Walter","startTime":1593.685,"endTime":1598.885,"body":"2 percent loan charge because we"},{"speaker":"Stephanie Walter","startTime":1593.685,"endTime":1598.885,"body":"want the IRS to know this is a"},{"speaker":"Stephanie Walter","startTime":1598.885,"endTime":1605.005,"body":"loan, but at the same time in this"},{"speaker":"Stephanie Walter","startTime":1598.885,"endTime":1605.005,"body":"IUL policy, you get a credit of 2%."},{"speaker":"Stephanie Walter","startTime":1605.005,"endTime":1610.655,"body":"So you get a 0 percent loan on your money"},{"speaker":"Stephanie Walter","startTime":1605.005,"endTime":1610.655,"body":"to go out and invest it in something else."},{"speaker":"Stephanie Walter","startTime":1611.075,"endTime":1612.985,"body":"So quite extraordinary."},{"speaker":"Average Joe Finances","startTime":1613.165,"endTime":1613.595,"body":"I love that."},{"speaker":"Average Joe Finances","startTime":1613.605,"endTime":1616.255,"body":"So I actually have an IUL policy myself."},{"speaker":"Average Joe Finances","startTime":1616.945,"endTime":1620.425,"body":"So that's why, I was asking about"},{"speaker":"Average Joe Finances","startTime":1616.945,"endTime":1620.425,"body":"that because, I know that's one of the"},{"speaker":"Average Joe Finances","startTime":1620.425,"endTime":1623.205,"body":"things I was looking at is how I can"},{"speaker":"Average Joe Finances","startTime":1620.425,"endTime":1623.205,"body":"actually borrow from it in the future."},{"speaker":"Average Joe Finances","startTime":1623.655,"endTime":1628.205,"body":"But then also, I'd like how, around"},{"speaker":"Average Joe Finances","startTime":1623.655,"endTime":1628.205,"body":"year 15 to year 20, how I could"},{"speaker":"Average Joe Finances","startTime":1628.205,"endTime":1631.095,"body":"just get this tax free income,"},{"speaker":"Average Joe Finances","startTime":1628.205,"endTime":1631.095,"body":"which is just absolutely awesome."},{"speaker":"Average Joe Finances","startTime":1631.465,"endTime":1633.355,"body":"I do want to supercharge it a little bit."},{"speaker":"Average Joe Finances","startTime":1633.355,"endTime":1635.915,"body":"So I am going to start putting"},{"speaker":"Average Joe Finances","startTime":1633.355,"endTime":1635.915,"body":"a lot more money into it versus"},{"speaker":"Average Joe Finances","startTime":1635.915,"endTime":1637.365,"body":"just what I have set up now."},{"speaker":"Average Joe Finances","startTime":1637.635,"endTime":1641.605,"body":"But I think, If you know how the policy is"},{"speaker":"Average Joe Finances","startTime":1637.635,"endTime":1641.605,"body":"structured or you had somebody structure"},{"speaker":"Average Joe Finances","startTime":1641.605,"endTime":1646.435,"body":"it right for you, it can be extremely"},{"speaker":"Average Joe Finances","startTime":1641.605,"endTime":1646.435,"body":"useful for anybody, whether you want to"},{"speaker":"Average Joe Finances","startTime":1646.455,"endTime":1650.735,"body":"use it as a real estate, another vehicle"},{"speaker":"Average Joe Finances","startTime":1646.455,"endTime":1650.735,"body":"to buy more real estate or just another"},{"speaker":"Average Joe Finances","startTime":1650.745,"endTime":1654.845,"body":"vehicle to get tax free income in the"},{"speaker":"Average Joe Finances","startTime":1650.745,"endTime":1654.845,"body":"future which I intend to use it for both."},{"speaker":"Stephanie Walter","startTime":1656.265,"endTime":1656.725,"body":"Yeah."},{"speaker":"Stephanie Walter","startTime":1656.765,"endTime":1657.405,"body":"And it's great."},{"speaker":"Stephanie Walter","startTime":1657.405,"endTime":1661.065,"body":"And the beauty is, you're doing"},{"speaker":"Stephanie Walter","startTime":1657.405,"endTime":1661.065,"body":"it as you look younger than I am."},{"speaker":"Stephanie Walter","startTime":1661.44,"endTime":1663.64,"body":"But most people wait and they wait."},{"speaker":"Stephanie Walter","startTime":1663.65,"endTime":1670.15,"body":"And I just had a 47 year old, let me see,"},{"speaker":"Stephanie Walter","startTime":1663.65,"endTime":1670.15,"body":"48 year old that applied super healthy,"},{"speaker":"Stephanie Walter","startTime":1670.15,"endTime":1672.55,"body":"looked as healthy as could be to me."},{"speaker":"Stephanie Walter","startTime":1672.89,"endTime":1675.96,"body":"And she got declined and, that's a bummer."},{"speaker":"Stephanie Walter","startTime":1676.03,"endTime":1679.48,"body":"It's a bummer when you want it and"},{"speaker":"Stephanie Walter","startTime":1676.03,"endTime":1679.48,"body":"you don't have the health to get it."},{"speaker":"Average Joe Finances","startTime":1680.135,"endTime":1682.655,"body":"Yeah, so"},{"speaker":"Average Joe Finances","startTime":1680.135,"endTime":1682.655,"body":"I got mine a couple years ago."},{"speaker":"Average Joe Finances","startTime":1682.705,"endTime":1686.905,"body":"I'm 39 now and when I got it"},{"speaker":"Average Joe Finances","startTime":1682.705,"endTime":1686.905,"body":"they came out, they did the"},{"speaker":"Average Joe Finances","startTime":1686.905,"endTime":1688.055,"body":"blood work and everything."},{"speaker":"Average Joe Finances","startTime":1688.515,"endTime":1691.675,"body":"And I had, I used to be a smoker, right?"},{"speaker":"Average Joe Finances","startTime":1691.675,"endTime":1694.595,"body":"But I quit smoking so long ago that"},{"speaker":"Average Joe Finances","startTime":1691.675,"endTime":1694.595,"body":"they said, it doesn't even count."},{"speaker":"Average Joe Finances","startTime":1695.155,"endTime":1695.495,"body":"And."},{"speaker":"Average Joe Finances","startTime":1695.955,"endTime":1698.065,"body":"We actually wound up getting"},{"speaker":"Average Joe Finances","startTime":1695.955,"endTime":1698.065,"body":"like the lowest rate possible"},{"speaker":"Average Joe Finances","startTime":1698.265,"endTime":1699.215,"body":"super, which was great."},{"speaker":"Average Joe Finances","startTime":1699.535,"endTime":1702.805,"body":"And the blood work came back"},{"speaker":"Average Joe Finances","startTime":1699.535,"endTime":1702.805,"body":"great because we, we actually"},{"speaker":"Average Joe Finances","startTime":1702.845,"endTime":1704.205,"body":"eat plant based in our house."},{"speaker":"Average Joe Finances","startTime":1704.205,"endTime":1705.775,"body":"So blood work was great."},{"speaker":"Average Joe Finances","startTime":1705.785,"endTime":1706.705,"body":"Everything else is great."},{"speaker":"Average Joe Finances","startTime":1706.755,"endTime":1709.095,"body":"And now fast forward to,"},{"speaker":"Average Joe Finances","startTime":1706.755,"endTime":1709.095,"body":"I retired from the Navy."},{"speaker":"Average Joe Finances","startTime":1709.095,"endTime":1710.735,"body":"I'm having a couple issues now."},{"speaker":"Average Joe Finances","startTime":1711.035,"endTime":1713.505,"body":"But that doesn't affect my"},{"speaker":"Average Joe Finances","startTime":1711.035,"endTime":1713.505,"body":"insurance policy, which is great."},{"speaker":"Average Joe Finances","startTime":1713.505,"endTime":1719.415,"body":"So if I was to go get one today, They"},{"speaker":"Average Joe Finances","startTime":1713.505,"endTime":1719.415,"body":"might decline me but yeah, so it's just,"},{"speaker":"Average Joe Finances","startTime":1719.435,"endTime":1722.995,"body":"it just depends on do it young, you"},{"speaker":"Average Joe Finances","startTime":1719.435,"endTime":1722.995,"body":"have the opportunity to do it young."},{"speaker":"Average Joe Finances","startTime":1722.995,"endTime":1726.095,"body":"So for my younger listeners, if you're"},{"speaker":"Average Joe Finances","startTime":1722.995,"endTime":1726.095,"body":"thinking about getting a life insurance"},{"speaker":"Average Joe Finances","startTime":1726.095,"endTime":1728.475,"body":"policy go do it now while you're young."},{"speaker":"Average Joe Finances","startTime":1728.665,"endTime":1731.555,"body":"And if you're not thinking about"},{"speaker":"Average Joe Finances","startTime":1728.665,"endTime":1731.555,"body":"it, start thinking about it because"},{"speaker":"Average Joe Finances","startTime":1731.565,"endTime":1733.575,"body":"it is something that's going"},{"speaker":"Average Joe Finances","startTime":1731.565,"endTime":1733.575,"body":"to protect you and your family."},{"speaker":"Average Joe Finances","startTime":1733.935,"endTime":1737.315,"body":"In the future and besides the added"},{"speaker":"Average Joe Finances","startTime":1733.935,"endTime":1737.315,"body":"protection, you can use it as a"},{"speaker":"Average Joe Finances","startTime":1737.515,"endTime":1739.255,"body":"income producing vehicle, right?"},{"speaker":"Average Joe Finances","startTime":1739.715,"endTime":1740.635,"body":"Which is the goal, right?"},{"speaker":"Average Joe Finances","startTime":1740.645,"endTime":1741.865,"body":"That's what we're all trying to do."},{"speaker":"Average Joe Finances","startTime":1742.365,"endTime":1742.855,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1743.225,"endTime":1745.275,"body":"Stephanie this has been"},{"speaker":"Average Joe Finances","startTime":1743.225,"endTime":1745.275,"body":"absolutely fantastic."},{"speaker":"Average Joe Finances","startTime":1745.275,"endTime":1748.215,"body":"I'd like to transition this into"},{"speaker":"Average Joe Finances","startTime":1745.275,"endTime":1748.215,"body":"something that I call the final round."},{"speaker":"Average Joe Finances","startTime":1748.565,"endTime":1750.365,"body":"It's where I'm going to ask"},{"speaker":"Average Joe Finances","startTime":1748.565,"endTime":1750.365,"body":"you the same four questions."},{"speaker":"Average Joe Finances","startTime":1750.365,"endTime":1753.835,"body":"I ask everybody that comes on the show"},{"speaker":"Average Joe Finances","startTime":1750.365,"endTime":1753.835,"body":"and it gives us a good idea of how you"},{"speaker":"Average Joe Finances","startTime":1753.835,"endTime":1755.165,"body":"are under a little bit of pressure."},{"speaker":"Average Joe Finances","startTime":1755.545,"endTime":1757.575,"body":"So if you're ready to go"},{"speaker":"Average Joe Finances","startTime":1755.545,"endTime":1757.575,"body":"we'll get that party started."},{"speaker":"Stephanie Walter","startTime":1757.705,"endTime":1758.325,"body":"Sure."},{"speaker":"Average Joe Finances","startTime":1758.69,"endTime":1759.46,"body":"All right, let's do it."},{"speaker":"Average Joe Finances","startTime":1759.47,"endTime":1764.12,"body":"So Stephanie, first question of the"},{"speaker":"Average Joe Finances","startTime":1759.47,"endTime":1764.12,"body":"final round is what's the biggest"},{"speaker":"Average Joe Finances","startTime":1764.12,"endTime":1767.83,"body":"mistake you've ever made when it comes"},{"speaker":"Average Joe Finances","startTime":1764.12,"endTime":1767.83,"body":"to your finances or business life?"},{"speaker":"Stephanie Walter","startTime":1771.73,"endTime":1775.8,"body":"I think I think when I"},{"speaker":"Stephanie Walter","startTime":1771.73,"endTime":1775.8,"body":"first took over the agency or when I first"},{"speaker":"Stephanie Walter","startTime":1775.8,"endTime":1779.32,"body":"started my agency, I made some decisions."},{"speaker":"Stephanie Walter","startTime":1779.39,"endTime":1781.14,"body":"I put, I Spent money."},{"speaker":"Stephanie Walter","startTime":1781.57,"endTime":1787.39,"body":"I didn't save enough for an upsea"},{"speaker":"Stephanie Walter","startTime":1781.57,"endTime":1787.39,"body":"moment a tax or something like"},{"speaker":"Stephanie Walter","startTime":1787.39,"endTime":1789.11,"body":"that, that I wasn't expecting."},{"speaker":"Stephanie Walter","startTime":1789.47,"endTime":1793.84,"body":"And I, my dad actually had passed"},{"speaker":"Stephanie Walter","startTime":1789.47,"endTime":1793.84,"body":"away after he gave me the advice."},{"speaker":"Stephanie Walter","startTime":1793.94,"endTime":1796.19,"body":"And so I just had to wing it."},{"speaker":"Stephanie Walter","startTime":1798.285,"endTime":1804.735,"body":"For me, it really taught me that you've"},{"speaker":"Stephanie Walter","startTime":1798.285,"endTime":1804.735,"body":"got to leave a cushion, whether that's in"},{"speaker":"Stephanie Walter","startTime":1804.735,"endTime":1810.995,"body":"your business or in your personal life,"},{"speaker":"Stephanie Walter","startTime":1804.735,"endTime":1810.995,"body":"in case something comes up unexpectedly."},{"speaker":"Average Joe Finances","startTime":1812.04,"endTime":1812.34,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1812.37,"endTime":1813.57,"body":"No, that's a great point."},{"speaker":"Average Joe Finances","startTime":1813.62,"endTime":1817.65,"body":"And very big, very big thing people"},{"speaker":"Average Joe Finances","startTime":1813.62,"endTime":1817.65,"body":"need to be thinking about, is where's"},{"speaker":"Average Joe Finances","startTime":1817.65,"endTime":1819.39,"body":"that cushion that you have in your life."},{"speaker":"Average Joe Finances","startTime":1819.73,"endTime":1822.85,"body":"And you get caught without"},{"speaker":"Average Joe Finances","startTime":1819.73,"endTime":1822.85,"body":"having that cushion."},{"speaker":"Average Joe Finances","startTime":1822.85,"endTime":1823.72,"body":"It's going to be bad."},{"speaker":"Average Joe Finances","startTime":1823.79,"endTime":1826.07,"body":"So definitely appreciate"},{"speaker":"Average Joe Finances","startTime":1823.79,"endTime":1826.07,"body":"the transparency there."},{"speaker":"Average Joe Finances","startTime":1826.48,"endTime":1826.81,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1827.07,"endTime":1828.74,"body":"Next question, Stephanie,"},{"speaker":"Average Joe Finances","startTime":1827.07,"endTime":1828.74,"body":"you're going to see that these"},{"speaker":"Average Joe Finances","startTime":1828.76,"endTime":1830.02,"body":"kind of tie into each other."},{"speaker":"Average Joe Finances","startTime":1830.32,"endTime":1833.71,"body":"And that is, what is something that"},{"speaker":"Average Joe Finances","startTime":1830.32,"endTime":1833.71,"body":"you've learned that you wish you"},{"speaker":"Average Joe Finances","startTime":1833.71,"endTime":1835.35,"body":"knew when you first started out?"},{"speaker":"Stephanie Walter","startTime":1837.34,"endTime":1839.76,"body":"Oh,"},{"speaker":"Stephanie Walter","startTime":1837.34,"endTime":1839.76,"body":"boy, I've learned so much."},{"speaker":"Stephanie Walter","startTime":1839.8,"endTime":1841.8,"body":"I've had so many great mentors."},{"speaker":"Stephanie Walter","startTime":1842.02,"endTime":1849.03,"body":"I, gosh I would say that I wish I would"},{"speaker":"Stephanie Walter","startTime":1842.02,"endTime":1849.03,"body":"have gotten into syndication sooner."},{"speaker":"Stephanie Walter","startTime":1849.44,"endTime":1856.77,"body":"But also, the laws were in just changed"},{"speaker":"Stephanie Walter","startTime":1849.44,"endTime":1856.77,"body":"in 2012 to allow for crowdfunding."},{"speaker":"Stephanie Walter","startTime":1858.4,"endTime":1862.67,"body":"But as soon as I could have gotten to that"},{"speaker":"Stephanie Walter","startTime":1858.4,"endTime":1862.67,"body":"party, I would have wanted to be there."},{"speaker":"Stephanie Walter","startTime":1863.79,"endTime":1867.3,"body":"Because it's an extraordinary"},{"speaker":"Stephanie Walter","startTime":1863.79,"endTime":1867.3,"body":"way to invest syndications."},{"speaker":"Stephanie Walter","startTime":1867.41,"endTime":1873.07,"body":"And as you mentioned, there's so many"},{"speaker":"Stephanie Walter","startTime":1867.41,"endTime":1873.07,"body":"different ways to invest that way and"},{"speaker":"Stephanie Walter","startTime":1873.26,"endTime":1878.23,"body":"truly diversifies literally you can"},{"speaker":"Stephanie Walter","startTime":1873.26,"endTime":1878.23,"body":"syndicate anything from a private jet"},{"speaker":"Stephanie Walter","startTime":1878.3,"endTime":1881.33,"body":"to to multifamily to an office space."},{"speaker":"Stephanie Walter","startTime":1881.66,"endTime":1883.821,"body":"Yeah, it's an incredible strategy."},{"speaker":"Average Joe Finances","startTime":1884.561,"endTime":1885.391,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1885.421,"endTime":1885.891,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1886.221,"endTime":1886.521,"body":"Definitely."},{"speaker":"Average Joe Finances","startTime":1886.521,"endTime":1887.271,"body":"Appreciate that."},{"speaker":"Average Joe Finances","startTime":1887.611,"endTime":1888.421,"body":"All right, Stephanie."},{"speaker":"Average Joe Finances","startTime":1888.811,"endTime":1892.501,"body":"So this next question, again, they"},{"speaker":"Average Joe Finances","startTime":1888.811,"endTime":1892.501,"body":"tie into each other, but this is"},{"speaker":"Average Joe Finances","startTime":1892.501,"endTime":1894.191,"body":"going to help some of our listeners."},{"speaker":"Average Joe Finances","startTime":1894.841,"endTime":1897.951,"body":"Do you have any tips or tricks that"},{"speaker":"Average Joe Finances","startTime":1894.841,"endTime":1897.951,"body":"you would recommend to someone that"},{"speaker":"Average Joe Finances","startTime":1897.951,"endTime":1899.921,"body":"is just getting started out today?"},{"speaker":"Stephanie Walter","startTime":1901.286,"endTime":1902.256,"body":"Oh, boy."},{"speaker":"Stephanie Walter","startTime":1902.486,"endTime":1908.006,"body":"Getting started out in real"},{"speaker":"Stephanie Walter","startTime":1902.486,"endTime":1908.006,"body":"estate, I would say definitely you"},{"speaker":"Stephanie Walter","startTime":1908.006,"endTime":1910.576,"body":"can contact people like myself."},{"speaker":"Stephanie Walter","startTime":1910.576,"endTime":1914.396,"body":"You can contact there's lots of people"},{"speaker":"Stephanie Walter","startTime":1910.576,"endTime":1914.396,"body":"out there, but I personally have"},{"speaker":"Stephanie Walter","startTime":1914.396,"endTime":1919.106,"body":"had a lot of experience investing in"},{"speaker":"Stephanie Walter","startTime":1914.396,"endTime":1919.106,"body":"syndications and actually running them."},{"speaker":"Stephanie Walter","startTime":1919.621,"endTime":1924.561,"body":"But I would love to talk to people and"},{"speaker":"Stephanie Walter","startTime":1919.621,"endTime":1924.561,"body":"have them learn how to do due diligence."},{"speaker":"Stephanie Walter","startTime":1925.061,"endTime":1929.401,"body":"I think a lot of people get intimidated"},{"speaker":"Stephanie Walter","startTime":1925.061,"endTime":1929.401,"body":"and they don't want to participate in"},{"speaker":"Stephanie Walter","startTime":1929.451,"endTime":1932.181,"body":"these alternate investments, we call them."},{"speaker":"Stephanie Walter","startTime":1932.571,"endTime":1935.301,"body":"But these investments are so incredible."},{"speaker":"Stephanie Walter","startTime":1935.341,"endTime":1941.466,"body":"And, you just don't be shy about"},{"speaker":"Stephanie Walter","startTime":1935.341,"endTime":1941.466,"body":"seeking out help and trying to"},{"speaker":"Stephanie Walter","startTime":1941.466,"endTime":1943.586,"body":"learn about what due diligence is."},{"speaker":"Stephanie Walter","startTime":1944.026,"endTime":1948.996,"body":"I personally, I have some of my"},{"speaker":"Stephanie Walter","startTime":1944.026,"endTime":1948.996,"body":"very wealthiest investors are"},{"speaker":"Stephanie Walter","startTime":1948.996,"endTime":1953.366,"body":"my good friends, and I still"},{"speaker":"Stephanie Walter","startTime":1948.996,"endTime":1953.366,"body":"ask them questions about deals."},{"speaker":"Stephanie Walter","startTime":1953.476,"endTime":1956.006,"body":"I'm looking to invest in private equity."},{"speaker":"Stephanie Walter","startTime":1956.406,"endTime":1959.596,"body":"And, it's a whole different"},{"speaker":"Stephanie Walter","startTime":1956.406,"endTime":1959.596,"body":"due diligence animal there."},{"speaker":"Stephanie Walter","startTime":1959.596,"endTime":1961.446,"body":"And I'm like how should I do this?"},{"speaker":"Stephanie Walter","startTime":1961.446,"endTime":1962.426,"body":"How would you recommend this?"},{"speaker":"Stephanie Walter","startTime":1963.086,"endTime":1968.416,"body":"So I say, find a group of people that"},{"speaker":"Stephanie Walter","startTime":1963.086,"endTime":1968.416,"body":"are all wanting to invest, talk to them."},{"speaker":"Stephanie Walter","startTime":1968.446,"endTime":1972.566,"body":"If you find a mentor that can be"},{"speaker":"Stephanie Walter","startTime":1968.446,"endTime":1972.566,"body":"involved in the group please, please"},{"speaker":"Stephanie Walter","startTime":1972.606,"endTime":1974.296,"body":"do that, just don't shy away from it."},{"speaker":"Average Joe Finances","startTime":1975.501,"endTime":1976.491,"body":"Yeah, no that's huge."},{"speaker":"Average Joe Finances","startTime":1976.491,"endTime":1980.021,"body":"I definitely appreciate that answer"},{"speaker":"Average Joe Finances","startTime":1976.491,"endTime":1980.021,"body":"because networking is something I talk"},{"speaker":"Average Joe Finances","startTime":1980.031,"endTime":1983.961,"body":"about a lot, and real estate is the game"},{"speaker":"Average Joe Finances","startTime":1980.031,"endTime":1983.961,"body":"you want to get into, especially real"},{"speaker":"Average Joe Finances","startTime":1983.961,"endTime":1985.501,"body":"estate syndications and multifamily."},{"speaker":"Average Joe Finances","startTime":1985.551,"endTime":1988.341,"body":"You're going to want to surround yourself"},{"speaker":"Average Joe Finances","startTime":1985.551,"endTime":1988.341,"body":"with people that are actually in that."},{"speaker":"Average Joe Finances","startTime":1988.351,"endTime":1990.041,"body":"You don't want to just"},{"speaker":"Average Joe Finances","startTime":1988.351,"endTime":1990.041,"body":"jump into it by yourself."},{"speaker":"Average Joe Finances","startTime":1990.581,"endTime":1992.931,"body":"Feet first, cause you're going to wind"},{"speaker":"Average Joe Finances","startTime":1990.581,"endTime":1992.931,"body":"up finding out that you're jumping"},{"speaker":"Average Joe Finances","startTime":1992.931,"endTime":1996.071,"body":"onto a thin pad of ice and you're"},{"speaker":"Average Joe Finances","startTime":1992.931,"endTime":1996.071,"body":"going to slip and crack your head open."},{"speaker":"Average Joe Finances","startTime":1996.121,"endTime":1999.311,"body":"So it's really important that you have"},{"speaker":"Average Joe Finances","startTime":1996.121,"endTime":1999.311,"body":"those other people that jump with you."},{"speaker":"Average Joe Finances","startTime":1999.311,"endTime":2001.561,"body":"So can you break through that"},{"speaker":"Average Joe Finances","startTime":1999.311,"endTime":2001.561,"body":"layer and get into the water?"},{"speaker":"Average Joe Finances","startTime":2001.881,"endTime":2002.191,"body":"Sorry."},{"speaker":"Average Joe Finances","startTime":2002.191,"endTime":2006.161,"body":"I love analogies all the time,"},{"speaker":"Average Joe Finances","startTime":2002.191,"endTime":2006.161,"body":"but it's very important that you"},{"speaker":"Average Joe Finances","startTime":2006.161,"endTime":2009.451,"body":"actually do it with a team and"},{"speaker":"Average Joe Finances","startTime":2006.161,"endTime":2009.451,"body":"not by yourself, especially when"},{"speaker":"Average Joe Finances","startTime":2009.451,"endTime":2011.171,"body":"you're taking down such big deals."},{"speaker":"Average Joe Finances","startTime":2011.441,"endTime":2016.131,"body":"And then the other piece of that too, the"},{"speaker":"Average Joe Finances","startTime":2011.441,"endTime":2016.131,"body":"networking piece, like you meet so many"},{"speaker":"Average Joe Finances","startTime":2016.151,"endTime":2018.221,"body":"amazing people that you can learn from."},{"speaker":"Average Joe Finances","startTime":2018.541,"endTime":2020.451,"body":"That's why I love going to"},{"speaker":"Average Joe Finances","startTime":2018.541,"endTime":2020.451,"body":"real estate conferences."},{"speaker":"Average Joe Finances","startTime":2020.481,"endTime":2022.031,"body":"I love going to real estate meetups."},{"speaker":"Average Joe Finances","startTime":2022.351,"endTime":2025.671,"body":"That's why I host a meetup out here"},{"speaker":"Average Joe Finances","startTime":2022.351,"endTime":2025.671,"body":"on Oahu every second Wednesday of the"},{"speaker":"Average Joe Finances","startTime":2025.671,"endTime":2028.851,"body":"month, and it's just, it's a great group"},{"speaker":"Average Joe Finances","startTime":2025.671,"endTime":2028.851,"body":"of people that all come together and"},{"speaker":"Average Joe Finances","startTime":2028.851,"endTime":2030.241,"body":"we talk about what we're working on."},{"speaker":"Average Joe Finances","startTime":2030.591,"endTime":2034.221,"body":"We network, we eat pizza and we"},{"speaker":"Average Joe Finances","startTime":2030.591,"endTime":2034.221,"body":"hang out, and it's just a good time."},{"speaker":"Average Joe Finances","startTime":2034.531,"endTime":2035.501,"body":"So yeah, definitely."},{"speaker":"Average Joe Finances","startTime":2035.731,"endTime":2036.711,"body":"I love that answer."},{"speaker":"Average Joe Finances","startTime":2036.721,"endTime":2039.381,"body":"I feel like anybody that, that"},{"speaker":"Average Joe Finances","startTime":2036.721,"endTime":2039.381,"body":"wants to get involved or get"},{"speaker":"Average Joe Finances","startTime":2039.381,"endTime":2043.781,"body":"started out, definitely find a group"},{"speaker":"Average Joe Finances","startTime":2039.381,"endTime":2043.781,"body":"of people that are like minded,"},{"speaker":"Average Joe Finances","startTime":2043.961,"endTime":2046.391,"body":"find a mentor, even find a coach."},{"speaker":"Average Joe Finances","startTime":2046.391,"endTime":2047.761,"body":"I've paid coaches before too."},{"speaker":"Average Joe Finances","startTime":2048.031,"endTime":2049.821,"body":"I think it's saved me"},{"speaker":"Average Joe Finances","startTime":2048.031,"endTime":2049.821,"body":"money in the long run."},{"speaker":"Average Joe Finances","startTime":2049.871,"endTime":2052.041,"body":"So things like that are super important."},{"speaker":"Average Joe Finances","startTime":2052.151,"endTime":2052.331,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2053.341,"endTime":2053.941,"body":"Enough of that."},{"speaker":"Average Joe Finances","startTime":2054.331,"endTime":2056.021,"body":"It's me asking you"},{"speaker":"Average Joe Finances","startTime":2054.331,"endTime":2056.021,"body":"questions, not me answering."},{"speaker":"Average Joe Finances","startTime":2056.401,"endTime":2056.431,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2056.981,"endTime":2059.361,"body":"Stephanie, final question"},{"speaker":"Average Joe Finances","startTime":2056.981,"endTime":2059.361,"body":"of the final round."},{"speaker":"Average Joe Finances","startTime":2059.631,"endTime":2063.061,"body":"And I'll preface this with, besides"},{"speaker":"Average Joe Finances","startTime":2059.631,"endTime":2063.061,"body":"your own, do you have a favorite"},{"speaker":"Average Joe Finances","startTime":2063.061,"endTime":2067.911,"body":"business, investing, or real estate"},{"speaker":"Average Joe Finances","startTime":2063.061,"endTime":2067.911,"body":"related book or podcast or both?"},{"speaker":"Stephanie Walter","startTime":2068.971,"endTime":2075.921,"body":"I have I have many"},{"speaker":"Stephanie Walter","startTime":2068.971,"endTime":2075.921,"body":"mentors that, gosh, I was, I just finished"},{"speaker":"Stephanie Walter","startTime":2075.921,"endTime":2082.641,"body":"a book last night, but my, I'll go to my"},{"speaker":"Stephanie Walter","startTime":2075.921,"endTime":2082.641,"body":"usual one, which is killing sacred cows."},{"speaker":"Stephanie Walter","startTime":2083.201,"endTime":2084.761,"body":"I think that's a great book."},{"speaker":"Stephanie Walter","startTime":2084.821,"endTime":2087.191,"body":"It's written by Garrett Gunderson."},{"speaker":"Stephanie Walter","startTime":2087.211,"endTime":2090.621,"body":"He it's very much a philosophy."},{"speaker":"Stephanie Walter","startTime":2091.016,"endTime":2093.096,"body":"And mindset book about money."},{"speaker":"Stephanie Walter","startTime":2093.266,"endTime":2098.356,"body":"And it makes you really breaks down a lot"},{"speaker":"Stephanie Walter","startTime":2093.266,"endTime":2098.356,"body":"of what I've said today, which is, the"},{"speaker":"Stephanie Walter","startTime":2098.356,"endTime":2103.726,"body":"401k really start questioning that take"},{"speaker":"Stephanie Walter","startTime":2098.356,"endTime":2103.726,"body":"responsibility for your own money, do all"},{"speaker":"Stephanie Walter","startTime":2103.726,"endTime":2105.966,"body":"of these things, super, super important."},{"speaker":"Stephanie Walter","startTime":2106.336,"endTime":2108.546,"body":"But I've been reading a lot of also books."},{"speaker":"Stephanie Walter","startTime":2108.806,"endTime":2111.566,"body":"I think it's called who"},{"speaker":"Stephanie Walter","startTime":2108.806,"endTime":2111.566,"body":"wants to be a millionaire."},{"speaker":"Stephanie Walter","startTime":2111.566,"endTime":2115.406,"body":"It's a real short read for your"},{"speaker":"Stephanie Walter","startTime":2111.566,"endTime":2115.406,"body":"people that don't want to like."},{"speaker":"Stephanie Walter","startTime":2115.791,"endTime":2116.881,"body":"Read a real long."},{"speaker":"Stephanie Walter","startTime":2116.891,"endTime":2119.431,"body":"Cause I think Garrett's"},{"speaker":"Stephanie Walter","startTime":2116.891,"endTime":2119.431,"body":"books like 300 pages."},{"speaker":"Stephanie Walter","startTime":2119.821,"endTime":2123.371,"body":"This one I finished in a night"},{"speaker":"Stephanie Walter","startTime":2119.821,"endTime":2123.371,"body":"it's who wants to be a millionaire."},{"speaker":"Stephanie Walter","startTime":2123.371,"endTime":2130.281,"body":"I think that's what's called by Tom"},{"speaker":"Stephanie Walter","startTime":2123.371,"endTime":2130.281,"body":"Hegna, HEGNA, another mentor of mine."},{"speaker":"Stephanie Walter","startTime":2130.611,"endTime":2134.361,"body":"Who just, he really just breaks"},{"speaker":"Stephanie Walter","startTime":2130.611,"endTime":2134.361,"body":"it down for people in their"},{"speaker":"Stephanie Walter","startTime":2134.501,"endTime":2137.141,"body":"twenties, thirties, forties, I wish"},{"speaker":"Stephanie Walter","startTime":2134.501,"endTime":2137.141,"body":"I would have had that book then."},{"speaker":"Stephanie Walter","startTime":2137.641,"endTime":2140.485,"body":"And it's super simple read and"},{"speaker":"Stephanie Walter","startTime":2137.641,"endTime":2140.485,"body":"you'll get a lot out of it."},{"speaker":"Average Joe Finances","startTime":2141.516,"endTime":2141.896,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2141.906,"endTime":2143.506,"body":"Thank you so much for"},{"speaker":"Average Joe Finances","startTime":2141.906,"endTime":2143.506,"body":"those recommendations."},{"speaker":"Average Joe Finances","startTime":2143.506,"endTime":2144.296,"body":"I wrote them down."},{"speaker":"Average Joe Finances","startTime":2144.776,"endTime":2145.866,"body":"Killing sacred cows."},{"speaker":"Average Joe Finances","startTime":2145.896,"endTime":2149.856,"body":"I think I've heard that recommendation"},{"speaker":"Average Joe Finances","startTime":2145.896,"endTime":2149.856,"body":"only one other time before, and I'm"},{"speaker":"Average Joe Finances","startTime":2149.856,"endTime":2151.416,"body":"not even sure it was on my podcast."},{"speaker":"Average Joe Finances","startTime":2151.416,"endTime":2153.286,"body":"It might've been on another"},{"speaker":"Average Joe Finances","startTime":2151.416,"endTime":2153.286,"body":"podcast I was listening to."},{"speaker":"Average Joe Finances","startTime":2153.286,"endTime":2154.816,"body":"That might be a first on this one."},{"speaker":"Average Joe Finances","startTime":2155.376,"endTime":2157.426,"body":"And then also the other one was"},{"speaker":"Average Joe Finances","startTime":2155.376,"endTime":2157.426,"body":"who wants to be a millionaire."},{"speaker":"Average Joe Finances","startTime":2157.726,"endTime":2158.886,"body":"So yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2158.916,"endTime":2160.826,"body":"And that was also a great TV show."},{"speaker":"Average Joe Finances","startTime":2160.906,"endTime":2161.486,"body":"I enjoyed that."},{"speaker":"Average Joe Finances","startTime":2161.656,"endTime":2162.046,"body":"Yes."},{"speaker":"Average Joe Finances","startTime":2162.096,"endTime":2162.416,"body":"Yes."},{"speaker":"Average Joe Finances","startTime":2163.706,"endTime":2164.196,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2164.226,"endTime":2165.756,"body":"No, Stephanie this has been awesome."},{"speaker":"Average Joe Finances","startTime":2165.786,"endTime":2166.616,"body":"Thank you so much."},{"speaker":"Average Joe Finances","startTime":2166.616,"endTime":2170.106,"body":"I do want to ask you An even"},{"speaker":"Average Joe Finances","startTime":2166.616,"endTime":2170.106,"body":"more important question."},{"speaker":"Average Joe Finances","startTime":2170.106,"endTime":2170.286,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2170.286,"endTime":2174.55,"body":"The final round's over, but I"},{"speaker":"Average Joe Finances","startTime":2170.286,"endTime":2174.55,"body":"have something that, you know."},{"speaker":"Average Joe Finances","startTime":2174.911,"endTime":2177.681,"body":"My audience has been listening to this"},{"speaker":"Average Joe Finances","startTime":2174.911,"endTime":2177.681,"body":"interview and they're saying, Hey,"},{"speaker":"Average Joe Finances","startTime":2178.171,"endTime":2181.951,"body":"I really appreciate where Stephanie"},{"speaker":"Average Joe Finances","startTime":2178.171,"endTime":2181.951,"body":"is coming from her point of view and"},{"speaker":"Average Joe Finances","startTime":2182.021,"endTime":2183.101,"body":"you know what she's told us about."},{"speaker":"Average Joe Finances","startTime":2183.101,"endTime":2184.971,"body":"I also heard mentioned"},{"speaker":"Average Joe Finances","startTime":2183.101,"endTime":2184.971,"body":"that she wrote a book."},{"speaker":"Average Joe Finances","startTime":2185.301,"endTime":2187.951,"body":"So people that are listening right"},{"speaker":"Average Joe Finances","startTime":2185.301,"endTime":2187.951,"body":"now, I was like, Hey, where can I"},{"speaker":"Average Joe Finances","startTime":2187.951,"endTime":2189.361,"body":"find more information about Stephanie?"},{"speaker":"Average Joe Finances","startTime":2189.371,"endTime":2192.741,"body":"So if you could share with us,"},{"speaker":"Average Joe Finances","startTime":2189.371,"endTime":2192.741,"body":"do you have a website, social"},{"speaker":"Average Joe Finances","startTime":2192.781,"endTime":2193.601,"body":"media, anything like that?"},{"speaker":"Average Joe Finances","startTime":2193.611,"endTime":2195.101,"body":"And where can we find your book?"},{"speaker":"Stephanie Walter","startTime":2196.181,"endTime":2205.511,"body":"Yeah, I, you can go to"},{"speaker":"Stephanie Walter","startTime":2196.181,"endTime":2205.511,"body":"my website, which is www.erbewealth.com."},{"speaker":"Stephanie Walter","startTime":2205.766,"endTime":2210.436,"body":"And on that, the first thing I'm"},{"speaker":"Stephanie Walter","startTime":2205.766,"endTime":2210.436,"body":"having the book on my website."},{"speaker":"Stephanie Walter","startTime":2210.436,"endTime":2212.296,"body":"I haven't put it up on Amazon yet."},{"speaker":"Stephanie Walter","startTime":2212.636,"endTime":2216.666,"body":"But I'm offering it for free because"},{"speaker":"Stephanie Walter","startTime":2212.636,"endTime":2216.666,"body":"I think it's a great resource."},{"speaker":"Stephanie Walter","startTime":2216.666,"endTime":2221.486,"body":"And then from there, you can be added"},{"speaker":"Stephanie Walter","startTime":2216.666,"endTime":2221.486,"body":"to a list of email that I try to"},{"speaker":"Stephanie Walter","startTime":2221.636,"endTime":2226.386,"body":"provide a lot of education and good"},{"speaker":"Stephanie Walter","startTime":2221.636,"endTime":2226.386,"body":"information to people that are on my list."},{"speaker":"Stephanie Walter","startTime":2227.056,"endTime":2229.806,"body":"And yeah, that, that's"},{"speaker":"Stephanie Walter","startTime":2227.056,"endTime":2229.806,"body":"probably the best way."},{"speaker":"Stephanie Walter","startTime":2229.806,"endTime":2232.246,"body":"And then you could even schedule"},{"speaker":"Stephanie Walter","startTime":2229.806,"endTime":2232.246,"body":"a call if you want to talk."},{"speaker":"Stephanie Walter","startTime":2232.636,"endTime":2237.236,"body":"I love, like I mentioned to help people"},{"speaker":"Stephanie Walter","startTime":2232.636,"endTime":2237.236,"body":"get in the right head space to know"},{"speaker":"Stephanie Walter","startTime":2237.236,"endTime":2239.566,"body":"how they can get to the next level."},{"speaker":"Average Joe Finances","startTime":2240.846,"endTime":2241.226,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2241.226,"endTime":2242.336,"body":"Thank you so much for that."},{"speaker":"Average Joe Finances","startTime":2242.666,"endTime":2243.226,"body":"And you know what?"},{"speaker":"Average Joe Finances","startTime":2243.286,"endTime":2245.086,"body":"I want to ask you one more"},{"speaker":"Average Joe Finances","startTime":2243.286,"endTime":2245.086,"body":"thing to close things out."},{"speaker":"Average Joe Finances","startTime":2245.526,"endTime":2248.256,"body":"Do you have any final"},{"speaker":"Average Joe Finances","startTime":2245.526,"endTime":2248.256,"body":"thoughts for our listeners?"},{"speaker":"Stephanie Walter","startTime":2250.146,"endTime":2254.716,"body":"I think that it's a"},{"speaker":"Stephanie Walter","startTime":2250.146,"endTime":2254.716,"body":"scary time for a lot of people, if they're"},{"speaker":"Stephanie Walter","startTime":2254.716,"endTime":2257.146,"body":"listening, to what's going on out there."},{"speaker":"Stephanie Walter","startTime":2257.486,"endTime":2262.196,"body":"But I think there are so many"},{"speaker":"Stephanie Walter","startTime":2257.486,"endTime":2262.196,"body":"different, you really can't"},{"speaker":"Stephanie Walter","startTime":2262.206,"endTime":2263.606,"body":"get caught up in that space."},{"speaker":"Stephanie Walter","startTime":2264.086,"endTime":2269.876,"body":"The real estate market multifamily market"},{"speaker":"Stephanie Walter","startTime":2264.086,"endTime":2269.876,"body":"is very strong, no matter what they're"},{"speaker":"Stephanie Walter","startTime":2269.876,"endTime":2271.596,"body":"saying about commercial real estate."},{"speaker":"Stephanie Walter","startTime":2271.946,"endTime":2274.736,"body":"It's we're terribly under."},{"speaker":"Stephanie Walter","startTime":2274.901,"endTime":2277.191,"body":"Developing housing for people."},{"speaker":"Stephanie Walter","startTime":2277.451,"endTime":2280.111,"body":"So that's always going to be a"},{"speaker":"Stephanie Walter","startTime":2277.451,"endTime":2280.111,"body":"great place to put your money."},{"speaker":"Stephanie Walter","startTime":2280.471,"endTime":2284.011,"body":"And in addition, think of"},{"speaker":"Stephanie Walter","startTime":2280.471,"endTime":2284.011,"body":"the rents ever go down."},{"speaker":"Stephanie Walter","startTime":2284.411,"endTime":2287.281,"body":"No, you could actually"},{"speaker":"Stephanie Walter","startTime":2284.411,"endTime":2287.281,"body":"pull it up on the Internet."},{"speaker":"Stephanie Walter","startTime":2287.281,"endTime":2289.551,"body":"It'll show from the 60s to now."},{"speaker":"Stephanie Walter","startTime":2289.896,"endTime":2292.756,"body":"That there's never been really a,"},{"speaker":"Stephanie Walter","startTime":2289.896,"endTime":2292.756,"body":"there's been maybe a little bit"},{"speaker":"Stephanie Walter","startTime":2292.756,"endTime":2296.896,"body":"of a flattening, maybe a little"},{"speaker":"Stephanie Walter","startTime":2292.756,"endTime":2296.896,"body":"down, but not anything significant."},{"speaker":"Stephanie Walter","startTime":2297.256,"endTime":2300.626,"body":"It's a great way to"},{"speaker":"Stephanie Walter","startTime":2297.256,"endTime":2300.626,"body":"inflation protect your money."},{"speaker":"Stephanie Walter","startTime":2301.016,"endTime":2305.146,"body":"But yeah, just get more involved,"},{"speaker":"Stephanie Walter","startTime":2301.016,"endTime":2305.146,"body":"more control of your assets is"},{"speaker":"Stephanie Walter","startTime":2305.146,"endTime":2307.246,"body":"really my message for people."},{"speaker":"Stephanie Walter","startTime":2307.616,"endTime":2312.866,"body":"And if you have problems or fears"},{"speaker":"Stephanie Walter","startTime":2307.616,"endTime":2312.866,"body":"or whatever, just, you can find a"},{"speaker":"Stephanie Walter","startTime":2312.866,"endTime":2316.716,"body":"mentor or come seek someone like"},{"speaker":"Stephanie Walter","startTime":2312.866,"endTime":2316.716,"body":"myself out who would be happy to help."},{"speaker":"Average Joe Finances","startTime":2317.961,"endTime":2318.381,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2318.401,"endTime":2319.991,"body":"Thank you, Stephanie, so much."},{"speaker":"Average Joe Finances","startTime":2319.991,"endTime":2320.901,"body":"Thank you so much for that."},{"speaker":"Average Joe Finances","startTime":2320.981,"endTime":2321.691,"body":"Fantastic."},{"speaker":"Average Joe Finances","startTime":2321.691,"endTime":2325.531,"body":"And also I forgot to mention this to"},{"speaker":"Average Joe Finances","startTime":2321.691,"endTime":2325.531,"body":"the links that you gave us before."},{"speaker":"Average Joe Finances","startTime":2325.751,"endTime":2328.001,"body":"I'll make sure that's in the"},{"speaker":"Average Joe Finances","startTime":2325.751,"endTime":2328.001,"body":"show notes for our listeners to"},{"speaker":"Average Joe Finances","startTime":2328.001,"endTime":2329.361,"body":"copy and paste or click away."},{"speaker":"Average Joe Finances","startTime":2329.621,"endTime":2331.731,"body":"The only thing I ask is that you"},{"speaker":"Average Joe Finances","startTime":2329.621,"endTime":2331.731,"body":"don't do it if you're driving"},{"speaker":"Average Joe Finances","startTime":2331.731,"endTime":2333.231,"body":"right now, please, and thank you."},{"speaker":"Average Joe Finances","startTime":2333.641,"endTime":2336.211,"body":"Stephanie, again, I want to thank you"},{"speaker":"Average Joe Finances","startTime":2333.641,"endTime":2336.211,"body":"so much for taking the time out of your"},{"speaker":"Average Joe Finances","startTime":2336.211,"endTime":2340.561,"body":"day today to have this conversation"},{"speaker":"Average Joe Finances","startTime":2336.211,"endTime":2340.561,"body":"with me and just put out so much great"},{"speaker":"Average Joe Finances","startTime":2340.571,"endTime":2344.891,"body":"information, valuable information and"},{"speaker":"Average Joe Finances","startTime":2340.571,"endTime":2344.891,"body":"golden nuggets for my listeners to"},{"speaker":"Average Joe Finances","startTime":2344.891,"endTime":2347.121,"body":"take away and do with what they will."},{"speaker":"Average Joe Finances","startTime":2347.341,"endTime":2348.981,"body":"So appreciate you very much."},{"speaker":"Stephanie Walter","startTime":2349.351,"endTime":2351.031,"body":"Thank"},{"speaker":"Stephanie Walter","startTime":2349.351,"endTime":2351.031,"body":"you so much for having me."},{"speaker":"Stephanie Walter","startTime":2351.031,"endTime":2351.865,"body":"It was great."},{"speaker":"Average Joe Finances","startTime":2352.296,"endTime":2352.976,"body":"Absolutely."},{"speaker":"Average Joe Finances","startTime":2352.976,"endTime":2357.316,"body":"And Hey, I also want to thank all of my"},{"speaker":"Average Joe Finances","startTime":2352.976,"endTime":2357.316,"body":"listeners for joining me and our special"},{"speaker":"Average Joe Finances","startTime":2357.316,"endTime":2361.896,"body":"guest, Stephanie Walter on the average"},{"speaker":"Average Joe Finances","startTime":2357.316,"endTime":2361.896,"body":"Joe finances podcast, go leave us a five"},{"speaker":"Average Joe Finances","startTime":2361.896,"endTime":2365.106,"body":"star review and tell us what you liked"},{"speaker":"Average Joe Finances","startTime":2361.896,"endTime":2365.106,"body":"about today's episode with Stephanie."},{"speaker":"Average Joe Finances","startTime":2365.346,"endTime":2367.666,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":2365.346,"endTime":2367.666,"body":"a great rest of your day."}]}