E010: When Investing Gets Real with Chad and Ashleigh Gallagher

From a chance encounter in New York, Chad and Ashleigh Gallagher are now living their dream as a family – but that doesn’t mean it didn’t involve any hard work. Ashley is a powerhouse entrepreneur and Instagram influencer and Chad has been leading an explosive team over at SlateHouse Group Property Management . They've built one of the biggest East Coast regional property management companies with thousands and thousands of dollars. Here’s what we talked about: What got Chad into investing and his first real estate investment Thinking long-term bets and not judging cycles Investing also needs hard work. The importance of getting your partner/spouse on board Being passion-driven than being focused on the paycheck Devoting a percentage of your time a week on investing and taking your time to educate yourself The three different investing roles Episode Highlights: Thinking Long-term Bets and Not Judging Cycles Instead of picking cycles, try to just make long-term bets. If you're trying to invest in 10-20-year bets, cycle markets are way less important. And then from that perspective, get started as soon as possible and make it low-risk, almost like an experiment. You're going to learn so much from your first investment. The reality is your first investment oftentimes, is really just a learning experience. Chad’s $20,000-investment grew to a 150k in equity. There’s an advantage in not always trying to judge cycles and just focusing on long-term investing. Getting Your Spouse on Board For new investors, once you've got yourself mindset and you've met a couple of mentors, the next step in that journey is getting your significant other on board with you. Ashleigh gave her all-in support to Chad because she wanted to learn from it as well considering that Ashleigh's grandmother built a 50-unit real estate investment portfolio in Florida all by herself in her 70s and 80s. It was her grandmother’s investment that made the idea of real estate investing real for her. Investing is Hard Work Whether you're going to be a passive investor or an active investor, hard work matters. Sometimes, the work is finding a good property or finding a good person to invest with. Being Driven by Passion, Not Money When you can actually get yourself excited about what you're doing, and about trying to be the best at whatever it is, then the outcome becomes much better. You're not trying to win to get a paycheck because that's not what creates amazing outputs. Links: SlateHouse Group Property Management Ashleigh’s IG: @healthylivingwithash

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E010: When Investing Gets Real with Chad and Ashleigh Gallagher is an episode from Wealth Building With Friends by Bob & Usha with Melanie & Josh McCallen.

This episode is 00:42:37 long.

This episode was published on Mar 16, 2021.

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