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Real Estate Investing with Keith Weinhold
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Would You Accept $100 Million if it Made You 10 Years Older? Plus: Home Prices Through 2030 | 631
• 41 minKeith opens with a provocative time-versus-money question: would $100 million be worth instantly aging ten years? He examines Jeff Bezos's views on success and housing affordability, then connects supply, demand, and inflation to current home prices and rents. Keith also reviews housing-price forecasts through 2030 and breaks down how appreciation, cash flow, loan paydown, and other factors can shape an investor's returns. He explains why asset ownership matters and how real estate investing may create more choices over how people spend their time. Episode Page: GetRichEducation.com/631 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text FAMILY to 66866 Build your real estate portfolio with cash-flowing, fully renovated rental properties from Mid South Home Buyers: https://www.midsouthhomebuyers.com/ Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review" For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 Welcome to GRE. I'm your host Keith Weinhold. Time versus money. Would you accept $100 million if it instantly made you 10 years older? Also, forecasts. What will the next three years look like for the housing market today on Get Rich Education? For years, I've sent listeners to Mid South Home Buyers in Memphis, and for years, I've heard the same thing back. Keith, there's a wait list. Well, not anymore. Mid South has grown into three markets: Memphis, Little Rock, and Dallas, with its classic renovations and now brand new construction. For the first time in years. There's enough inventory to buy today, and they've picked now to roll out their best terms in their 25 years. It's called the triple five: 5% property management for five full years, half their standard fee, and Mid South buys your mortgage rate down as low as 5% for qualified buyers. If you're paying all cash, ask about the Forever Five. That's 5% management for as long as you own the property plus special cash pricing. With 6200 homes under management, Mid South is the place to turn for turnkey real estate. Book your free investment strategy session@midsouthhomebuyers.com. That's midsouthhomebuyers.com. Speaker 1 1:31 You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education. Keith Weinhold 1:47 Welcome to GRE from Newport, Rhode Island, to Newport, Oregon, and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich Education. Here I am again, more slackjaw than a patient in a dentist's chair, but showing up another week anyway. Around here, we don't live below our means; we grow our means. Build wealth without sacrificing your life today. I've got a big existential question for you: Would you accept $100 million if it instantly made you 10 years older. A hypothetical offer for you here, and we often discuss time versus money trade-offs. So that is, you get to choose one of two options: option A, stay exactly as you are today, or B, receive $100 million, but instantly become 10 years older. If you're 25, now you're 35. If you're 50, now you're 60. And I suppose to make the detail clear for you, your body ages 10 years too. Everyone else stays the same age, and you don't get to experience those 10 years in between. The money is yours immediately, though. Which option do you choose? I mean, take a moment. This is more interesting than it first appears. With the 100 million bucks, you could wipe out bad debt. It could remove stress from your life. You could take care of your family. You could travel almost anywhere, and you could just kind of inform your boss that your next meeting has been like permanently canceled. You could buy a beautiful house or several 100 rental houses. Keith Weinhold 3:40 Hey, I know my audience. You could fund causes you believe in and give the people that you love opportunities they never would have had otherwise. I mean, how great would that make you feel? $100 million is a tempting offer, but the price is 10 years. You'd lose 10 years of birthdays, conversations, adventures, and just ordinary Tuesday mornings that you'd never get to experience. You might be trading away some of the years when you're healthiest and most able to enjoy that money. But on the other hand, if financial stress is weighing on you, then 100 million could dramatically improve the years that you have left. But if you chose A, staying as you are now, think about what you just did. You turned down $100 million to stay at your current age and in your current situation. You might not have a $100 million net worth now, but you just decided that the years ahead of you are worth more than that offer, and you know what that means. This means that your life is worth over 10 million bucks per year. So you just put a high value on your life. Yeah, quite. The appraisal value that you just gave yourself. All right. Well, so far this has been fun, but now comes the harder question: Are you spending your time like you believe that each year of your life is worth $10 million? Now, this doesn't mean every minute you spend has got to be productive. If this exercise is making you realize that your life is worth more than $10 million a year, essentially, then a slow morning, a good conversation, or a simple walk outside. It means asking yourself something else, though. Who owns your time, and how much choice you have over it? Because for a lot of people, now the answer is your employer, your calendar, and your bills. Now, there's no wrong answer here. Option A: Stay as you are. Option B: You instantly receive $100 million, and you're 10 years older. Now, to an 18-year-old, oh, you probably haven't learned how to make much money yet. So, therefore, $100 million seems enticing and seems impossible. But yet, when you're 18, to instantly be 28, I mean, that sounds unfathomably old. Now, I did something that surprised me. I asked this question to an 80-year-old woman, an elderly woman. I mean, you would think. I mean, I thought she would certainly want to stay her age and take option A. Surprisingly, she was leaning toward option B. So she'd be 90 and have $100 million, but I also know that she really never learned how to make much money, and therefore maybe that's why she says this: a time versus money trade-off like this. That's one reason that we invest in income-producing real estate that pays you five ways simultaneously. Keith Weinhold 7:04 The goal is to build assets that can help support your life without requiring you to trade even another hour of work for every dollar you earn. It does take effort, capital, and patience with real estate, but over time, more income from real assets can mean more options, and options are valuable. You might choose to keep working. I mean, I enjoy what I do, and you might feel the same. The difference is that you get more freedom to decide what you work on when you work and when you take a day off or take 100 days off. The goal sure isn't to wait until you have $100 million to enjoy your life. It's to build enough freedom to enjoy more of it along the way. You have to be an owner and an investor. See, because here's what's kind of crazy: if you said you would rather stay your same age and refuse the 100 million dollars, then what you're doing is massively valuing your time over money. Keith Weinhold 8:17 But yet, at the same time, if you work for a salary or a wage, well, then you're doing the opposite of that. You're valuing the money, and you're trading away your finite time for what you're saying you'd rather have less of the money. That's the real conundrum here. That's the paradox. That's the rub. Well, what solves it? Profiting that occurs even when you're not involved. That condition is made for you when you are an owner and an investor. Before we're done today, I'll give you a concrete solution that will solve this time versus money enigma for you. Now, which one would I choose? Well, I don't think you're going to be surprised. I would rather stay 10 years younger and forego the 100 million, and that's largely the product of being a longtime real estate investor and having a pretty high awareness of the wide palette of opportunities available. Those opportunities are the same resources that I share with you here, and while we're talking about wealth building, Jeff Bezos recently had some thought-provoking remarks about collectivism versus free markets, and he talked about real estate too. So he talks about success and also about housing. Let's listen in to Bezos, the founder of Amazon and Blue Origin, as he's interviewed by Bret Baier. I don't think it's right to equate success with villainy. This is less than three minutes in length, and then I'll come back to comment. Jeff Bezos 9:53 They've been taught this whole kind of oppressor oppressed framework, and that success is villainy. Success. Is not villainy. You know, you can you can be a billionaire if you start a hamburger stand. You have 10 people and it works really well. And you open a second one and you open a third one. Now you're employing 30 people and then you open, you know, 10 more and so on. Pretty soon you have 1000 hamburger restaurants and you are a billionaire. There's a rea
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