The Most Dwanderful Real Estate Podcast Ever!

Patrick Francey Unveils the Secrets to Becoming an Everyday Millionaire in Real Estate

• Dwan Bent-Twyford • Season 5 • Episode 379

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Ever wondered how an everyday individual can harness the power of real estate to become a millionaire? Patrick Francey, CEO of the Real Estate Investment Network and the voice behind "The Everyday Millionaire" podcast, joins me to reveal the transformative strategies that have turned ordinary people into extraordinary investors. We raise our virtual glasses to a conversation brimming with Patrick's remarkable insights, from his initial plunge into the property market to empowering investors with the knowledge to navigate the economic landscape of real estate.

Our talk takes a deeper look into the heart of real estate investment, where Patrick outlines the journey from his first condo purchase to the sophisticated analysis of market trends that forecast industry shifts. As he narrates the story of acquiring and rejuvenating the Real Estate Investment Network, you'll find yourself equipped with actionable advice, whether you're aiming to make your first investment or scale your portfolio. Patrick's experience illuminates the path for newcomers and veterans alike, as he discusses the critical steps to prepare financially for the fast-paced world of real estate.

As we wind down, the episode takes a personal turn, resonating with the soulful beats of '70s music and the dichotomy of our food philosophies. We share the importance of morning rituals, the warmth of mentorship, and how these elements intertwine to shape our lives and careers. It's an invitation to step into our worlds, to understand how the rhythms of everyday life contribute to who we are, and to continue the conversation on growth, guidance, and the pursuit of success. Join us for these stories of success, wisdom, and the everyday rhythms that define us.

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Dwan Bent-Twyford:

Hey everybody, welcome to another exciting episode of the most Dwonderful real estate podcast ever. I am your host, one Benton Twyford. I'm America's most sought after real estate investor and I am super excited that you are here with us today. As you can see, I have a guest, so we're going to talk to Patrick Franci in just a second. If you're new to me and you're new to Dwan-der-ful, I took my first name, dwan and wonderful, and I made a new word so you can go to Dwan-der-ful, d-w-a-n-d-e-r-f-u-lcom, and I've got some free e-books and some fun things for you. Our motto at D'Wonderful is people before profits, so if that resonates with you, I'm your girl, all right. So, patrick, welcome to the show today.

Patrick Francey:

Thanks for having me join you.

Dwan Bent-Twyford:

I'm excited that you're on. I'm excited to learn about you and find out who you are, but we always like to start off. We just have like a quick toast, so I'm having water. What do you have?

Patrick Francey:

I've got some really great water right there Cheers, everybody watching Cheers. Cheers.

Dwan Bent-Twyford:

And you all know, I tell you to take a deep breath and just kind of stretch out whatever's been on your mind today and then tune in and give us a few minutes of your time and I can guarantee you that you'll be happy that you did Okay. So how are you, mr Patrick?

Patrick Francey:

I'm fantastic. I'm here on the West Coast, just outside of Vancouver, anada, and it's a very nice day, so it's great, great spring day, happy to be here.

Dwan Bent-Twyford:

Yeah, I'm actually in Iowa right now. We own some buildings, so I'm in Clinton, iowa right now and it's hot here today, it's like 85 degrees. It's like, oh my Lord! , why is?

Dwan Bent-Twyford:

this so hot here Because we live in Colorado. It's like's like. Okay, it's not quite that kind of heat in colorado just yet, so, uh. So, patrick, what we like to do over here is we're just going to kind of throw you to the wolves and we just want you to give us your name. I just like it to be in the top of the show notes how we can reach you, like on social medias or website, and like in just a sentence what you do, and then I'm going to ask you all kinds of fun questions to find out how you came to be patrick on my podcast there you go, perfect.

Patrick Francey:

Well, my name is atrick francy. It'll remain patrick francy for the rest of the show. Uh, you know you can follow me, uh, on Twitter feed, which is just P Francie, and Francie is just France with a Y, so P Francie. My Instagram is P Francie. I have a podcast that is called the Everyday Millionaire and I've had that podcast now for eight plus years and I'm the CEO of the Real Estate Investment Network, which is a business that has been in operation in Canada for 30 plus years and we educate real estate investors in how to buy real estate the right way. We don't sell real estate, we're education and economic research. That's just kind of the cold notes about me.

Dwan Bent-Twyford:

I love it. Shure and right to the point, so I love that. So you have had a podcast for eight years I have so I'm in my fifth year right now, yeah, and like today I'm like, okay, my cabin this week, like my camera because it's on my laptop. So I've been scouring the internet today looking to like upgrade, get a little fancier with all my equipment and stuff. So I'm like I'm gonna have to up my game now because now everybody's got a podcast. So it's like podcasts are great.

Patrick Francey:

You get to meet cool people you do, I love doing it.

Dwan Bent-Twyford:

I was on, I had I don't even know for like five years. I had probably 100 people had me on as a guest and I would always like I don't really understand. I just like I didn't get it, I didn't like quite grasp and like well, it's kind of like a radio, but it's on the internet. I was like, and then one day, I don't even know what happened, I just like I suddenly I just understood what it was. I was listening to enough of them. I saw a couple and I thought, oh hey, I've been doing this for 35 knowledge, I'd like to do a podcast. And there it began. And now I'm in my fifth year. So you are one of the first few guests in my fifth season.

Dwan Bent-Twyford:

And it's really been fun because I get to meet so many super cool people.

Patrick Francey:

A hundred percent. You know there's a, there's a fundamental that my podcast Everyday Millionaire was really born out of the request of people you know, by people for me to write a book, and I didn't really feel like I had a book in me, and so the podcast idea came up while I was sitting on the beach in St Lucia. And you know, eight years ago and even five years ago when you started your podcast, they weren't the cool thing to do, and even five years ago when you started your podcast, they weren't the cool thing to do, but I decided that would be a way of kind of taking some of what I wanted to do in terms of my own knowledge, but also bringing guests in. So the concept for the podcast was seemingly ordinary individuals who achieved extraordinary results. And so now, eight years later, you know, we're in the top 10.

Patrick Francey:

No, not even, I think, the top 2% of podcasts, and that was an interesting kind of journey. And we've only recently launched our YouTube side of it. But the audio side of it, you know, we're getting, you know, well, over 100,000 downloads a month on the show and people are very engaged and it's thousand downloads a month on the show and uh, people are very engaged and it's uh, yeah, it's, it's been a fun journey.

Dwan Bent-Twyford:

it is fun, they are fun. I started my uh youtube channel like a year and a half ago or something and I was at a podcast event it was in denver, called Puh pod movement. I think it's like a I don't know. There's all kinds of people there that have podcasts and then they have like a convention area for people that have things for podcasters. And someone goes where do you rank on listen notes? And I was like I don't know what listen notes is. So in front of these people, I'm like listen notes. I type in my podcast it has an overall ranking of 0.05% and I was like is that good? She's like that's in like the tip top of the echelons of podcasts. So I'm like screenshot, screenshot, screenshot. I was like dang. So I didn't even know that it was doing that good. So yeah, and they are super fun. So let's talk about this. I like everyday millionaire. That is a great concept and that is a great title, and so what does that mean to you? Like, what is an everyday millionaire?

Patrick Francey:

Well, it was, you know, one of the things that I've learned over the years.

Patrick Francey:

You know, I've been in business over 40 years and so when I and and I've been a coach of some sort over the past 25 years, whether that's small business owners or real estate investors, but ultimately I think that everybody starts out at, you know, maybe a little different today, but there was always a goal to be a millionaire, I want to have a million dollars.

Patrick Francey:

Or, when I have a million in my bank account, somebody at some point was saying I want to be a millionaire. And what I started to realize at some point in my life is that I was surrounded by a number of people who were just quietly pretty wealthy. You know, they were well in excess of a million dollars, but they just did their thing and they weren't extraordinary, you know, extravagant. They weren't front facing with, you know, rolexes and Lamborghinis, although some of them did, but that wasn't the norm. And I just realized that I knew so many people who were and had created some great wealth, some great net worth, and they were just quietly doing what they do, without any fanfare, and I went wow, I would like to hear from them, I'd like to be able to have conversations with those individuals. So the podcast became that and that's really. I've attracted far more than all of that as the show evolved, but that was the premise of the show.

Dwan Bent-Twyford:

Yeah, I read that book. I'm sure you've read it the Millionaire Next Door, sure. I mean maybe in my twenties, and I was like like I want to be a millionaire. Like that was my first start thinking I want to be a millionaire and they're just like regular people. I'm a regular person, I could be a millionaire. And I remember reading that book and like it kind of struck with me that back in the day, you know, they drive Fords and they drive pickup trucks and they're just like regular people. I was like, oh, I'm a regular person, I'm going to do that. No idea how I didn't do it. I was just had the thought of I'm going to be a millionaire.

Dwan Bent-Twyford:

So now tell me about your real estate journey. How long have you been in your real estate journey?

Patrick Francey:

Well, like I say, I've been a business owner for 40 years. I still own multiple businesses, you know, but the one fundamental back in the day was a business that I still own to this. Multiple businesses, you know, but the one fundamental back in the day was a business that I still own to this day. And when I was working in that business, you know, I was listening to a few I call them mentors and you know what I started to observe with some of the business owners that I knew and that I admired and I thought, gosh, you know, I look at them and some of them were making, you know, their businesses were uber successful, I mean like millions of dollars. But regardless of how much wealth they were creating in their business, the one thing that I noticed they all had in common was that they were owning real estate. They were investing in real estate, investing in real estate. And so back in about 2000, 1998, actually, to be specific, I started saying, you know, I got to take a look at this whole real estate thing and I mean, back then I didn't even know how to spell real estate. You know, the one word is a two word. Do I capitalize it? You know, like, how do we put it together? And so I went. You know, I started on the journey of looking into real estate and I I came across the Real Estate Investment Network, or RAIN, which is a national organization here in Canada, and it was based on teaching people how to invest in real estate, how to grow a portfolio, how to create that financial security, certainty, financial freedom whatever term you want to use by investing in real estate. So I joined the RAIN community and that really took me on the journey and I bought my first property in about 2000 and really just kept on going from there.

Patrick Francey:

In 2007, the owner of the business then bestselling author seven different books here in Canada, don R Campbell. I'd gotten to know him a little bit. I'd transitioned out of my business as an operational owner, so I'd gone from being a entrepreneurial technician owner to a business owner. And so he asked me you know, one day he says so what are you going to do next? You know you're out of your business, so what's next for you? And I go. I really don't know. And so he said well, why don't you? Would you like to join me on my team and move to another province in Canada, to British Columbia, which I did my with my wife and yeah, so we moved to British Columbia, for the most part kind of a part-time, full-time, between two provinces, but ultimately we came to VC and uh, and then in 2014, I bought the business from him.

Patrick Francey:

So that was kind of my entrepreneurial accident, in alignment with the fact that I'd started investing in real estate and love this. I just love the education component of it and the coaching component of what we do. I just love the education component of it and the coaching component of what we do. We do a lot of that, both my wife and I, in different genres of coaching. But that was the real estate journey. It started back in 2000 when I bought my first condo and rented it out.

Dwan Bent-Twyford:

You got a condo.

Patrick Francey:

Yeah, that was kind of the first entry. It felt like a safe and kind of something I could wrap my mind around at the time, so I did that.

Dwan Bent-Twyford:

Yeah, no, I know I love it. I love it. So what? So you're, I understand, so REIN. So in the states we have they're called REIA Real Estate Investor Associations. So I'm assuming it's kind of the same thing.

Patrick Francey:

Well, you're at the Real Estate Investor Association. I'm not totally familiar with it, but as soon as I hear association, I think there's a governing body to it, and or it may be some municipal, some government-backed thing, and I'm not saying that's what it is, I don't know what it is.

Patrick Francey:

It's just someone that decides hey, I'm going to start a real estate meeting and we meet every month at this hotel and everybody shows up, and you know and there you go each and you talk, and you meet and you network yeah, so different than what we're probably maybe in the line with what we do, but the real estate investment network is about 32 years in canada and that's basically what we do is teach investors not only how to invest in real estate, but we also give them the tools to determine where a real estate market is going to go into the future, based on what's happening economically. So there is a system, a process of kind of analyzing the data, looking at the economic fundamentals that drive real estate and then being able to get in front of the wave. So, in other words, as investors, we want to know where real estate is going. We don't care so much where it's been.

Dwan Bent-Twyford:

Yeah, exactly, exactly so. With all the variable things that you do in real estate, what's your favorite part about real estate investing?

Patrick Francey:

You know that's interesting. It's a good question because, you know, early on it was I wanted to get in there and I liked finding the deal, negotiating the deal. I liked probably all aspects of it. What I got to fairly quickly, you know, in the first, let's say, less than 10 years, was that I started to realize that the game that I liked about real estate was the result. So, in other words, I kind of got out of the trenches of investing. You know, I'd done enough of it. I'd done enough deals, I had managed enough properties, I had kind of handled all the kind of operational stuff that I wanted to. And now I'm just really, you know, over the years I evolved to become just a capital partner and or, you know, buying deals that were turnkey, that were there, just showed up and I could park my capital.

Dwan Bent-Twyford:

Nice, okay, so that's a good idea. Now, do you get involved with any kind of syndications or do you do anything like that? Are you just mostly into the capital, the lending, or do you do anything like?

Patrick Francey:

that? Are you just mostly into the capital, the lending? Yeah, I mean I've been involved in and I've not kind of put my name on the dotted line of opening, let's say, a limited partnership or a trust. I haven't been interested in going that deep into it. You know, it was more, like I say, early on, it was more about actually investing, buying real estate, single family, multifamily, light industrial, growing my portfolio. That was really kind of where I was at Because, keep in mind, for me what I really was was a business owner.

Patrick Francey:

What I love is business, and real estate, for me, wasn't the full-time game I wanted to play, although it sometimes seems like it is because I'm so entrenched in supporting real estate investors and giving them guidance, lining them up with our community of trusted partners and by trusted partners I mean everything from mortgage brokers to lawyers, to realtors, et cetera that help them achieve their goals investing in real estate, et cetera, that help them achieve their goals investing in real estate. Now, many of our clients within the RAIN community are people with full-time jobs, careers. They're everything from doctors and lawyers to plumbers and welders. It's just a gambit of people who say I would like to grow my net worth and create a financial future investing in real estate. Now, out of that, in our education, within the community, we have hundreds of people that have gone on to build very not only significant portfolios but significant businesses of being a in the trenches investor, but as well as developers and builders and all the things that go into it.

Dwan Bent-Twyford:

I love it. I love all of it, and you help and coach and mentor people through whichever aspect they want.

Patrick Francey:

Yes, exactly yeah, because some of them like they get into this world of okay, I'm going to do this rent-to-own business or I'm going to do a fix and flip or a wholesaling business, I'm going to start a trust, I'm going to start an LP, whatever the scenario might be, but they're going. No, this is what my business is. It's my business is investing in real estate and they raise capital and they do all of the things that they do to turn it into a very viable and profitable business.

Dwan Bent-Twyford:

Now I love that. So if I'm a newbie, let's just say I'm a newbie, let's just say newbie, I'm a newbie. And I find you and I say, patrick, listen, I want you to show me the way, what would be like an actionable tip, something that you could say okay, Dduann, here's a good place, do this or do that, or do you go that far into it?

Patrick Francey:

Well, you know most rookies, what they do is they start out on, you know, searching the internet. You know, on MLS looking at properties, which is, you know, really kind of a state of where you are in your own evolution, development of being an investor right. So you know, for me, what I usually get people to start up, depending on where we're entering the conversation, is, you know, an old phrase that a friend shared with me many years ago an investor, very successful, he goes. You know, patrick, you can't steal in slow motion.

Dwan Bent-Twyford:

Oh yeah, I've heard that before.

Patrick Francey:

Yeah, well, of course, the meaning of that is in his case is that deals come along and if you're going to get that deal, you have to be prepared to take action. You're going to be able to pull the trigger on a deal. So you know one of the things that get in many people's ways, depending on the market. And you know, given what both the US and Canada have gone through, there was a time where you know the market was hot, deals had. You had to be prepared because deals were going to show up and you had to be ready to pull the trigger.

Patrick Francey:

So back to the question that you asked is the one thing I give every new investor I go listen. If your commitment is to invest in real estate, first off you need to get your financial house in order. So work with an investor focused mortgage broker so that he can get, or she can get, all of the information you need. You can understand where you're at, from everything from your credit score to where's your capital, where's the down payment coming from, what equity have you got, what's your net worth, what's your profit and loss statement look like. So you get your financial house in order. First and foremost, know where your down payment's coming from. Because there's no point in wasting a realtor's time if you can't pull the trigger on a deal and if you have to backpedal and go OK, well, I'm not quite ready yet. Well, that's just a waste of everybody's time and you're going to lose those deals.

Patrick Francey:

So get your financial house in order. That's my first. That's my first step for any new investor. Regardless, you may not buy a property for another year, I don't care. Get your financial house in order. That's where I start.

Dwan Bent-Twyford:

I think that's a really good tip because you know, I teach a lot. I go to a lot of these REIA groups and they do like two-day workshops and I come and teach for two days. I'm like, hey, here's how to wholesale and here's how to do subject two, and here's how to do this and this. And I teach people like that and I meet people and they'll say, well, you know, I'm working on my LLC and I've got to get my website. And I say a year later, well, I still haven't quite got my stuff. And it's like, ok, so so just admit to yourself you're never going to do it and save yourself the agony. Or the next time I see you have your house in order, have your company, have your website, have your, all your things, your things, have your letters, find the people you want to work with and have all that stuff ready. Or stop coming up to me every year I'm going, oh, I'm working on it, because you're not doing anything yeah like that.

Dwan Bent-Twyford:

Years later, they're still like oh, I'm working on my website. It's like seriously, what does that even mean?

Patrick Francey:

well, you know it's interesting within rrain. You know, like you know, like you know, I've worked with literally thousands of real estate investors. Now, you know, one on one, one on many, you know, spoke on many stages of hundreds of people and you know you meet a lot of individuals. And yet, you know, Rrainn teaches, and has for many years now taught, a 15 step system. Now, within those 15 steps, are all of the things that you need to do to take action in investing in real estate. What you just described is really common, where you see people in motion, doing busy work, but it's just in motion. They're not in action, but they fool themselves into thinking they're in action because they just attended another event, they just learned something new and even that can be very actionable knowledge but they're not taking action.

Dwan Bent-Twyford:

So there's a part of it I call the same thing busy work. It's like stop doing the busy work, Do something.

Patrick Francey:

Yes. So get stuff ready and then take action. What are you working backwards from? So you know, that is like literally saying, okay, I plan and I commit to buying my first property in the next 90 days. Great, what does that first property look like? How does it got to show up for you? Is it cashflow? Is it a duplex, triplex, fourplex, what is it? Is it detached? Get clear on that and then start working backwards from an outcome.

Patrick Francey:

What I've always found interesting is that it is a bit of a mindset game, duan, because when you think about it and you've experienced the same thing I teach the same things, I coach the same things and literally tens of thousands of people over the past 20 years the question then becomes is why is it that so many crush it? They just go up, they get their first door, they build a portfolio, whatever that portfolio is. Crush it. They just go up, they get their first door, they build a portfolio, whatever that portfolio is for them, and then others are just running around in circles and they never, ever seem to pull the trigger on anything, and so I always ask myself that question, and, of course, it all boils down to mindset and belief systems and all of the things that get in people's way, and but ultimately, you know you as a coach or me as a coach.

Patrick Francey:

There's a phrase that I often use is that I go, I'm here to coach you, not coax you, and so that is. I'm not a coax, I'm a coach. So for you, I'm going to give you actionable things to do. You need to go, do them and then come back to me.

Dwan Bent-Twyford:

So do you think because I like what you said there do you think the thing that keeps the people that become like uber successful, the people that are just like peddling along, do you believe it's mindset, that that's the thing Is that where it is? Because I like fear is part of mindset. I know a lot of it's fear and you said, I like the fact that you said mindset, but what do you think it is? You shouldn't take a hundred people that you've helped and 10 are like off the charts and the rest are just kind of like what do you think that is that factor?

Patrick Francey:

Well, there's a good question, right? Because the how-tos don't change Ultimately as many strategies and tactics that you yourself coach, ultimately it's all the same stuff it really is. The how-tos are if you're going to wholesale, if you're going to fix and flip, if you're going to buy and hold, the hows are really there. There's not too many containers that eventually you run out of containers of how to's I mean. So there's, so you can get really colorful and you can get creative and all the rest of it. But ultimately the how's are already kind of locked down. Somebody's done it before.

Patrick Francey:

So the question becomes OK, well, why is it that some people can do it and others can't? And so when we look at the broad term, it's called mindset. But then you know with what's underneath the mindset, the first is is that there's an awareness around it, and we all have to have the awareness of what is in our way. We have to ask ourselves what is in our way and then bust through whatever belief systems we have. You know there's lots of people that go. Well, it's the fear of failure, and I go, I get that. You know, everybody has that at some level to begin with. But understanding that you have to keep moving. I sometimes equate it to going to the gym. You know where you're working out, so you're going to lift a certain weight and you lift that weight and soon you say, well, I'm going to try and lift more weight. And you try lifting a heavier weight and all of a sudden it doesn't work. You have to back off and you go okay, well, I got to keep working towards that. It doesn't mean you quit working out. Yeah, you don't quit. You don't quit.

Patrick Francey:

And very few, by the way, I mean when you really break it down unless you get yourself into really big trouble is totally avoidable if you just follow the system. Is that failure being catastrophic is really quite rare? You know we live into the illusion that you know we're going to be. You know pushing a cart on the you know the poorest part of our city one day, and that's kind of the story we tell ourselves. And the reality of it is is that if you're paying attention and if you're following a system, you're actually risk mitigating the whole way. And so you know, so you're not, it's not always, or it won't be a catastrophic failure. Are some lessons more expensive than others? Yes, and you know and I know that because we've made them, I mean, we've had some expensive lessons along the way, and when we reflect on those lessons, let's face it. You know we can see where we maybe took a shortcut, maybe we went oh okay, well, I'll try it this way instead and we increased the risk. You know that's on us.

Dwan Bent-Twyford:

Yeah, no, I'm with you. I tell you, I told my husband I said I should write a book about all the dumb things I've done, because there's so many and most of them are really funny and they were just so. They didn't know, didn't have anyone to tell me, so I did it. And then I'm like, oh okay, don't do that again. And then it helps me, you know, teach them and be better with other people. So I'm going to switch topics for a minute. Tell me what is your favorite band of all time?

Patrick Francey:

Oh, that's a big question. What is my favorite band all the time? I'm not a big music fan, although I like music a lot. And am I attached to any band?

Dwan Bent-Twyford:

Oh, everybody's got to have one.

Patrick Francey:

Where you hear it and it's like ah, well, there's some stuff that takes me back in, you know, in my. You know it takes me back into memories, right, so, like good times that I had. So you know it could be, you know, like Jethro Tull. You know I can. It comes to mind where I go. Oh, I like Jethro Tull, but you know, when I think about some of the stuff I like around Elton John, it's really cool. Yeah, you know. So it depends on, I guess you know, what shows up for me. And some old rock and roll. You know I'm kind of an old rock and gold.

Dwan Bent-Twyford:

Oh no, me too. I love all the bands in the 70s. Yeah yeah, I was a teenager in the 70s Anybody in the 70s. I know all the bands, all the songs, all the stuff it's like, and everything takes me back to a place or a time or an event, or a high school or a date or something. Summer yes, 70s were like powerful. I'm on that page.

Patrick Francey:

I was just listening, literally listening, to a friend shared with me an old Burton Cummings tune and it was great, Like when he was really young Burton.

Dwan Bent-Twyford:

Cummings was good. I never hear anybody ever talk about that. Yeah, I just think music is like. You can tell a lot about people by the kind of music that they listen to. Like if someone listens to something so polar opposite of you, I feel like, at the end of the day, if that's the person you want to work with or hang out or whatever, and things are so different, that might not always be your kind of person.

Patrick Francey:

Exactly.

Dwan Bent-Twyford:

I don't know. I feel like music kind of shows us who we are. What about food? What's your favorite food? What are you just like? Oh, I can't wait to eat this thing.

Patrick Francey:

Well, you know something? I'm so blessed that my wife loves to cook. So you know, I'm definitely a ribeye steak guy. My wife loves to cook, but so do my daughters and chosen family, so I literally am surrounded by foodies. Interestingly enough is that I eat for utility if I'm on my own, like to me, it's, you know, it's just calories. You know, that's really what it is. I, you know, if I'm alone I'll have a bowl of cereal, almost, it's almost that bad Not quite, but it's that way. But I, I love food, but I'm not a foodie.

Dwan Bent-Twyford:

I've been by myself this whole week. Every day I had a bowl of cereal with a razor brain, with a banana. It's like, well, I don't need to cook, I just throw a banana and I'm getting some fruits and the raisins and I got. That's good, I'm good. So I'm the same way. If I don't have someone that's like, hey, let's go eat or let me make this amazing thing for you, I could probably live on cereal and sandwiches.

Patrick Francey:

Well, we live in the country too, so we grow a lot of our own food, our own vegetables and spinach and tomatoes, and so you know they'll go. You know one of the girls would go out and grab all the things we need for an amazing salad and then they put the amazing salad together and I get to enjoy it. So, yeah, that's where I'm at.

Dwan Bent-Twyford:

They do. So I'm from Ohio Dayton, ohio and so we grew up in a town outside Dayton called West Milton and we had 10 acres. So everybody has a garden and everybody out there raises chickens and maybe you slaughter a pig every year and you can, and all this stuff and so and so, younger, we just kind of would take it and you know it's all fresh. So as I got a little bit older, I like went to visit my dad one time and he and his wife they go, oh, we're gonna get all this fresh stuff from the garden. Like, oh man, it's gonna be so great.

Dwan Bent-Twyford:

Now I'm a little older now and I'm more aware of what I'm eating. So they bring in like they cut squash, they cut tomatoes, they get some beans, they get lettuce and then when it comes on a plate, the squash has been deep fried and like cornmeal and stuff. The lettuce is called wilted lettuce, where you put hot bacon grease on it and wilt it. I was like, and the tomatoes are fried. It's like what happened to all that food right there that we just picked? Everything is deep fried on my. And now I'm not saying I didn't eat it, I ate all every drop of it, but it's like it was amazing. And then to go and now everything is deep fried cornmeal, butter, bacon, grease. I was like, oh, you're killing me. And then those people let me be like 95 years old, yeah it's like my aunt's 97.

Dwan Bent-Twyford:

It's like I don't understand how you guys eat like that. You're still alive good for that country food. I'm telling you nothing better than that country food. What's your favorite part of the day? But when you wake up to go to bed, when are you like? I love this day, this part you know.

Patrick Francey:

Uh, I have been all of my life. I've been a morning guy, you know, and so it's. You know it's really common for me to be up at 5 am, and has been for many years. You know, sleeping in till 6 or 630 is literally sleeping in for me, and I kind of got to a point where I realized that as long as I'm getting six and a half hours, that's my sweet spot, that's what I need for sleep. Six hours I'll be a little bit tired. Rarely do I sleep seven, although I do go through some phases of seven. I don't think I sleep eight hours gosh, three times a year. And so for me, I'm mornings and I own my mornings always have, whether I'm reading or training and working out, getting on early. You know some I'm in the West Coast of Canada, as I said, a lot of my partners or business associates are in the East, so they're three hours ahead of me.

Dwan Bent-Twyford:

And what time is it where you are right now? What time? What are you in the pacific time?

Patrick Francey:

yeah, I'm pacific, so you know it's it's 1 pm ish my time, and uh, so in the east, of course, it's 4 pm and so there's. You know. I'm often connecting with people on the east coast, so you know that's kind of how my my time flows, but mornings are definitely my favorite time.

Dwan Bent-Twyford:

I like that. I know everyone has a favorite time. Some people don't know I just get, you know, I get. I like all the days it's like no, but everybody's got a time where they're in their moment. That's when their happy spot is. Everybody does Okay. So, Patrick, tell me, what is the biggest goal that you would like to accomplish, like a close goal, and how can the family at DeWonderful help you to accomplish that goal?

Patrick Francey:

Well, I don't know how you would help me accomplish it, other than you know when I say that. Well, first off, you know I turned 65 years old last year. I'll turn 66 this year. But what I started on a journey of understanding fundamentally, that I need something to work backwards from. So I look into the future and there's a, of course, a famous quote or an often used quote I don't know if it's famous, but it's an often used quote which is it's not the goal, it's who you have to become to achieve the goal. That's really what matters, because goals are just milestones you hit it and you move on to what's next.

Patrick Francey:

So I started to shift that around for me and realized that I look and say, ok, who do I want to be at 70 years old? What do I want my 70 year old self to represent? Represent. And when I started looking at some of the people I'd admire and only because it was somebody you would be very aware of, which is Kennedy Jr you know the independent running for president and I looked at him and I watched him and I'm going gosh, that guy's, you know, 68 or 69 years old. However old he is, you know he's cranking out pushups. He's cranking out, you know, chin ups and doing back flips off. He works out for real.

Patrick Francey:

What's that?

Dwan Bent-Twyford:

He works out for real. He's always on TV with his shirt off. It's like that's what I'm talking about, right there.

Patrick Francey:

Yeah. So I looked at that and I go, and I've trained all my life and through the pandemic, like some, I let myself go a little bit and I went. You know, that's not even who I am. I mean, who I am is far better than that. So I went, you know, when I'm his age, I want to kind of represent and I want to set a benchmark for what 70 year old can be. I want to set a benchmark what 65 can be. And so, you know, I got back into my training.

Patrick Francey:

I did something that was really easy, much easier than I thought was I quit drinking. Because I looked at it and I go why the hell am I drinking? And then I just quit and, believe me, we still have a lot of wine in this household and but you know, I just said no, I don't want to drink anymore. So I quit drinking. You know, back in I think September 2023. And it's been really was kind of a no brainer. It wasn't, it wasn't hard at all, it was quite easy and and I appreciate it. So the point is, my goal is is working backwards from who I am at 70 and who I am. And so now when I look at my training, my decision making. I'm asking myself what that 70-year-old self would say. So whenever I, it's a bit of a mental hack for me.

Dwan Bent-Twyford:

Yeah, yeah, yeah.

Patrick Francey:

And the difference I want to make. So one of the my wife, who's an Olympic and world-class mental performance coach in athletics is you know we also do a podcast called Mindset Matters, and what we're very clear on Dwan is our purpose and why we're on this earth and we have been for many years. But we're just in that phase of our life where we're ramping it up and that is our own coaching in the professional and personal development space. Small business owners, real estate investors it doesn't matter to us, but it really is about defining yourself, understanding what your values are and then connecting to those values and then living your life in a way that you show up to be your greatest self and live your best life by design.

Dwan Bent-Twyford:

So that's where we're at and that's what I stand for To be your best version of 70. So we will help you by holding you accountable. So every time someone sees this podcast, send them a message on Instagram and say hey man, how's it going over there? Are you staying on task, what are you doing and how old are you now? And send me a picture.

Patrick Francey:

There you go, yeah and and uh. So you know one of one of the things that you know. Again, you know I, I want to be that 70 year old and I want to be at 70 who I am today. Which is fine to take my shirt off in public and not worry and not feel bad about how much weight I'm carrying, and that's it. So that's kind of it.

Dwan Bent-Twyford:

I turned 65 this year too. So I'm just like how am I 65? Like when did that happen? Yes, I was just like 40, like yesterday. I don't understand how I'm 65 today.

Patrick Francey:

Yeah.

Dwan Bent-Twyford:

I was just like I don't know. This year, all of a sudden I was like dang, I started getting my Medicare in the mail and I was. I was like I have Medicare now. How's that possible?

Patrick Francey:

Fantastic. And while we also start, I think we also start to realize that I'm sure you'll relate to it Is that just how young 65 is?

Dwan Bent-Twyford:

It is now.

Patrick Francey:

Yeah, Well, it is now Right and you know I joke all the time is that I'm on the Freedom 95 program because I just don't ever intend not to be being a contribution. I get bored in 10 minutes. I need to be productive, I need to be doing stuff. You know, the good news is we live on five acres of land. That always requires something and we've got dogs and horses and battle.

Dwan Bent-Twyford:

It keeps you busy, keeps you young.

Patrick Francey:

Yeah, and I need to do that and I do the work and I love to do it.

Dwan Bent-Twyford:

Yeah, no, I'm with you. I'm with you. I'm actually growing in and getting my hair letting it go. It's like how's my hair that gray? It's like oh my God, I got a lot of getting rid of this to get to that.

Patrick Francey:

So what.

Dwan Bent-Twyford:

I'm working on. I'm embracing the gray.

Patrick Francey:

Yeah.

Dwan Bent-Twyford:

That for me Like it's a big step.

Patrick Francey:

All right. So one thing my wife would use the term.

Dwan Bent-Twyford:

You're not 65, you're 65. I am oh, I like that 65. I'm going to start saying that I've been needing. I always get like a little lingo every year yeah, yeah, yeah. And I'm like I have not gotten one yet. I'm like I just 65 and in my mind I'm like still alive. I'm like that's not very motivational. So that's it. I'm gonna tell her I'm stealing 65 because all right. So just one more time give us, uh, how people can reach you. So it's in the show notes a couple times yeah, yeah.

Patrick Francey:

So the easiest way to to kind of reach me is either on Twitter at P Franci, just P Franci, straight up, or my Instagram is tedmpodcast. So the Everyday Millionaire, which is the acronym, is tedmpodcast. That's my Instagram on my podcast. Those are the easiest places and best places to get in touch with me.

Dwan Bent-Twyford:

I love it.

Dwan Bent-Twyford:

Okay, so I have one more question for you, but before we do that, first of all, everybody that's listening I want to thank you all for being on the show today with me and sharing your time with Patrick and sharing your time with me, and if you had fun, you laughed, you learned something, you just like watching two beautiful, amazing elderly people talking about how great we are. I want you to follow, subscribe, like, leave a five-star review, all those things like that. We both have had podcasts for a long time and I can tell you that a podcast is definitely a labor of love and we do these to help educate you and cut your learning curve and hopefully keep you from making some of the bonehead mistakes that we have all made. As a thank you to us, just leave a review, follow his, follow mine, follow all of us and don't be a secret agent. Share it around with all your friends and let them know like hey, I really like patrick, I really liked one. They're both Okay, and don't forget to hit me up at dwonderfulcom.

Dwan Bent-Twyford:

I have some free training information for you, okay, patrick. Last thing, so I want you to give us a parting word of wisdom, but it can only be one word.

Patrick Francey:

Mentorship.

Dwan Bent-Twyford:

Okay, let me write it down. Don't tell me what it means yet. Just let me write this down so everyone that listens to me knows that we have a word of the week. I ask everyone to put it on a yellow sticky and put it up on their mirror and every day say the word mentorship, mentorship, mentorship. So what does that mean to you?

Patrick Francey:

the realization. Realization I had, Duann, and you would get this too. Is that for me? Anyways, I was, as a young man, maybe a little bit too prideful or had a story around if I asked for help. It was a sign of weakness for me, and so I didn't ask for help when I needed to or could have, and I would have sped my journey up a lot more and I would have.