Sometimes, it can be unfortunate to find how so much focus is given on academic and professional education without having to recognize the importance of financial education. In our lives, not only do we live everyday pursuing our goals, but we also have to live a life full of financial matters. That is why as we have often seen, most still find themselves financially insecure and experiencing negative cash flow. And as we put it here, “Ignorance is expensive.” The good thing is we can always change that.  Marco answers some of your real estate and other financial-related questions, touching on topics like investments, portfolios, financing, multifamily housing, funds, appraisals, and more! You’ll find yourself learning so much more and getting some insider tips on navigating your way to financial freedom.

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If you missed our last episode, be sure to listen to Unlocking Home Equity Without Monthly Payments To Grow Your Portfolio with Jim Benavidez.

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Negative Cash Flow, Multi-Family Housing and More
I’m back from Sandestin, Florida. I was there presenting to a group of professionals, mostly dentists and some doctors. We talked about investing and everything related to that. My main presentation there was about how to achieve extraordinary returns with real estate investing, which is exactly what we talk about all the time and what we do here. It was interesting to see. I was in a room of well-educated people who are fun, bright and great at what they do in their profession. It reminded me of the fact that our education system, our school system, the things that we're exposed to focus on academic education and professional education.

There's still such a lack of financial education, which is why these masterminds form all around the country. They come together in an effort to help one another, help each other and learn everything they can about investing. Whether it's real estate, the stock market or alternative investments and asset protection, financing and the economy and where interest rates are going. These are things that I enjoy learning about. Maybe you don't, maybe you have a partial interest and you learn what you can from books, from podcasts and whatnot. The more you learn, the more you earn, that's the general saying. During that presentation that I did to this group, I asked the question early on in my presentation I said, "Finish the following sentence, ignorance is blank." I paused for a moment and everybody said, “Bliss,” almost at the same time. No one answered the question properly, at least no one answered that question the way I wanted it answered, and the answer that I gave them was, ignorance is expensive.

You don't know what you don't know and what you don't know is costing you money. It's costing you the opportunity. It's costing you time. When you understand an investment or an investment strategy, then you understand what to look for. You know the difference between a good investment and a bad investment or a great investment. Good is the enemy of great. You don't want a good investment, you want a great investment. I like to say that ignorance is expensive, it's not bliss. Bliss is sticking your head in the sand. Understanding that ignorance is expensive motivates me to learn more, to expand my knowledge, to read more books, to listen to more podcasts and audiobooks, to explore and experiment with new things.

Negative Cash Flow: You don’t know what you don’...