What I’m Reading
The Bourbon Bible - I try and mix up my personal development with some enjoyment reading on something new I am excited to learn more about. In the last few years I have really enjoyed learning more about the spirits world, specifically Whiskey and Bourbon. This is a great book that educates you on all things Bourbon, from its rich history to the science behind that product. The more I know about the backstory of a product, industry, or person, the more I appreciate and enjoy that thing and this book accomplished that for me.
Wisdom of the Week
10 Signs you’re doing well in life:
- You have someone that loves you
- You ate a good meal today
- You have a roof over your head
- You have goals
- You have clean water
- You have a family
- You are able to move/exercise
- You have your health
- You have a job/income
- You woke up today/you’re breathing
Question of the Week
Question: What are other benefits of real estate beyond cash flow that you like that people often don’t account for? - Justin K (Tuscaloosa, AL)
Answer: Real estate has many benefits that make it my favorite asset class to invest in. 1. Cash flow is the main one most people focus on (rent income - all expenses = cash flow). 2. Tenant mortgage buy down - Every month your tenants pay your rent and you pay your mortgage payment and the amount of money you owe on the house goes down every month. 3 Depreciation - you basically LOSE money on paper but make money in real life therefore reducing the amount of taxing owed to the government 4. Appreciation - values of homes historically have gone up at 2-3% per year (since covid its been much higher depending on the markets you’re investing in). 5. Generational wealth - there are many long term benefits, one being the legacy you can leave by passing down the assets you own to future generations.
Pic of the Week
This last week I went and checked out my great friend Felicia’s distillery, High Mark Distillery in Reno, Nevada. I am going to be investing into her Bourbon Barrel Program which allows you to buy barrels of Bourbon for a 10%+ ROI which also included some fun experiences and perks that come along with it. Anytime I can invest in something that’s fun, passive, and lucrative IM IN! If you want to know more about this program, text DISTILLERY to 844.447.1555. She’s opening this up only to a limited number of people so don’t miss out on this cool opportunity. I took my mom this week to check it out and here’s a picture of us enjoying the Barreling Party (yes you get to put down your own barrels if you want to) It was not only super fun, it was educational!
Something I’m Enjoying Using:
Whoop 4.0 - Wearable technology has come a long way, and if you’re looking to optimize your health, look no further than the Whoop. The Whoop takes things to the next level by combining your sleep, activity, and heart data from the previous day to find out how recovered your body is and how to maximize your output and energy each day to reach ultimate productivity and health. The Whoop 4.0 can also track skin temperature and blood oxygen levels which has been great for identifying if Im getting sick. Overall, its become a great awareness tool that's really allowed me to understand my body and health more from an overall perspective. If you want to learn more, you can Get a free WHOOP 4.0 and one month free when you join with my link
Onward and upward,