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5 biggest takeaways from the FI Investors retreat
Interest rates, culture, ego, and values
Yo, what is up?!
Last week, we did a brief recap of the FI Investors retreat. Today, I want to dive into my 5 biggest life lessons learned that you can apply today.
Rates might hover around the same level for a year or so, but David Lawler sees them going down slowly eventually. When rates go down, he sees demand coming up. He’s going all-in on modular homes, which are 3D-printed homes that get assembled onsite.
People love to be seen, loved, and heard. Sometimes we don’t feel that way because of childhood trauma. However, when you heal your childhood trauma, you also heal your parents and grandparents’ trauma.
If you are an employer, treat your employees like customers—ask them how their day is, open doors for them, care for them, etc. When hiring people, learn their why. Understand why they are doing what they are doing and their long-term goals. And of course, care for them. That will not only help them perform but also potentially help heal their traumas.
Be careful of your ego when growing a business. My brother, Gonzalo, grew his wholesaling business rapidly. But after a down market and having a child, he realized that the need to grow was fueled by ego. Now he’s reduced expenses and restructured his company to take home more money than before. He’s doing so by focusing on profits instead of growing revenue.
Be concrete with your values. Your goals can be flexible. Your goals will change over time but your values need to stay firm.
Podcasts of the week:
Financial Freedom Friday: We dove deeper into the subjects above along with some other lessons learned from the retreat. If you are interested in more accountability to finish the year strong or want to attend our next event in Puerto Rico, message Ward or me and we can help!
Unlocking Financial Success: My friend Cristian Trujillo shares how he went from humble beginnings in a small town in Colombia to entrepreneur and world traveler. We discuss how he became a pilot, entrepreneur, and investor, and how he uses credit card points to travel. We covered a lot of different topics here that you won’t want to miss!
Q4 is almost here
It’s almost October. You’ve got 3 months left in your year to make the most of 2023.
Whether that be hitting your goals, or reassessing your direction, don’t take this time lightly.
It felt like yesterday when we were discussing 2023 goals in January. Time flies fast.
It might be helpful to sit down and reflect on the past 9 months. See what you’ve done well, how much progress you’ve made, and recap your accomplishments in this time.
Then, you can take a look at where you’ve fallen short. Not to beat yourself up, but to learn from it. Can you get back on track now? Or do you need to change things up to be more aligned with your goals?
Pausing to reflect is critical. Don’t fall into the “go, go, go” trap.
5 more ways to keep learning with FI Investors:
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And don’t forget: