In this episode of The Same Day Podcast, host Yoni Schmidt sits down with David Flores Wilson, Co-founder and Managing Partner at Sincerus Advisory, to discuss how to build long-term wealth through savvy financial planning. They explore how to align money with life goals, why liquidity and diversification are essential, and what strategies entrepreneurs can use to facilitate financial freedom. David also shares insights on tax efficiency and building a business that supports your ideal lifestyle.
How To Build Long-Term Wealth Through Smart Financial Planning With David Flores Wilson
David Flores Wilson is the Co-founder and Managing Partner at Sincerus Advisory, a fee-only firm offering holistic financial planning and wealth management for individuals, professionals, and business owners. Advising entrepreneurs and executives on various matters such as exit planning, equity compensation, tax strategies, and small business succession is a key part of his work. A CFA, CFP®, and CEPA®, he holds multiple advanced designations and was honored by Investopedia as one of the Top 100 Financial Advisors. In addition to his advisory role, David writes and edits the Planning to Wealth blog, and his insights have been featured in reputable outlets like The New York Times and CNBC.
Here’s a glimpse of what you’ll learn:
- [02:04] How David Flores Wilson helps entrepreneurs and families simplify finances, make money, and reduce risk
- [03:18] The five pillars of financial planning and how small tax-saving strategies can create millions in lifetime wealth
- [09:12] Why focusing solely on minimizing taxes can harm long-term business growth
- [12:34] How aligning personal values with financial goals leads to smarter business and life decisions
- [16:51] The importance of liquidity, diversification, and disciplined investing for real estate professionals and business owners
- [21:53] David explains how he conducts deep financial discovery with clients and builds a year-round planning cadence
- [24:12] Why individuals should develop financial literacy and self-awareness to transform wealth building into a lifelong, learnable skill
In this episode…
For entrepreneurs and real estate investors, financial decisions can determine not only profit but peace of mind. So how can you create a smarter, more intentional plan that grows your wealth while supporting the life you want?
According to David Flores Wilson, a leading financial strategist and wealth advisor, sustainable wealth begins with a holistic approach that integrates tax planning, investment management, and life priorities. He highlights that effective financial planning isn’t about chasing deductions or minimizing taxes at all costs — it’s about making decisions that lower risk and build lasting value. By focusing on core financial pillars like saving, protecting assets, managing debt, and optimizing investments, individuals can create a resilient financial foundation that supports both business and personal goals.
Resources mentioned in this episode:
- Yonatan Schmidt on LinkedIn
- Mat Zalk on LinkedIn
- Keyrenter Property Management
- Keyrenter Property Management in Tulsa | Oklahoma City | Arkansas
- Keyrenter Property Management email address: [email protected]
- David Flores Wilson on LinkedIn
- Sincerus Advisory
- “How Property Managers Should Handle ICE Requests and Protect Tenant Privacy With Monica Gilroy” on The Same Day Podcast
- “Building Long-Term Wealth Through Turnkey Real Estate Investing With Lindsay Davis” on The Same Day Podcast
- “The Secrets Ultra-Wealthy Investors Use To Build Legacy Wealth With Mark Miller” on The Same Day Podcast
Quotable Moments
- “What we try to do is essentially help them save money, help them make money, and make good decisions in their life.”
- “It’s a year-round sport when it comes to minimizing taxes in terms of, you know, it’s not just sort of, okay, you get to the tax deadline and what can we do.”
- “You don’t want to have the tax tail wag the dog.”
- “Because you’re telling me that family is the most important thing, and you value your freedom, and yet you’re sort of spending 70 hours a week in the business.”
- “Wealth building is a skill, right? And I think that oftentimes people don’t think that.”
Action Steps
- Develop a holistic financial plan: Taking a comprehensive view of savings, investments, taxes, and debt ensures that every financial decision aligns with long-term goals.
- Review tax strategies year-round: Consistent evaluation helps identify legal opportunities to reduce taxes and reinvest savings into growth or security.
- Align money with personal values: Connecting finances to what truly matters — family, freedom, or purpose — creates a more fulfilling and sustainable wealth journey.
- Maintain liquidity and diversification: Keeping accessible funds and varied investments provides flexibility in uncertain times or provides capital for new opportunities.
- Invest in financial education and self-development: Building knowledge and confidence around money management empowers smarter decisions and accelerates long-term wealth creation.
Sponsor for this episode…
Keyrenter Property Management:
This episode is brought to you by Keyrenter Property Management.
Keyrenter Property Management is a full-service property management company that helps clients buy, renovate, and operate real estate assets.
The team helps clients build wealth while taking the headache out of property management.
That’s why, no matter what rental you have — single-family homes, condos, townhomes, or apartments — they can give you the management solutions you need.
To learn more about their services, go to https://keyrenterpmc.com/ or send them an email at [email protected].
Episode Transcript
Intro 00:04
Welcome to The Same Day Podcast, where we discuss driving incremental business growth and other topics related to real estate, property management and entrepreneurship. Now to the show at hand.
Yonatan Schmidt 00:20
Hi there, Yoni Schmidt here hosting today’s episode of The Same Day Podcast, where I connect with top real estate and business leaders. Past guests include Monica Gilroy, an attorney specializing in fair housing laws. Lindsay Davis, CEO of Spartan Invest. Mark Miller, CEO of the Hilton Tax and Wealth Advisors.
Today’s episode is brought to you by Keyrenter Property Management. At Keyrenter Property Management, we are a full service property management company helping our clients buy, renovate and operate real estate assets. We help our clients build wealth while taking the headache out of property management. That is why no matter what rental you have single family homes, condos, townhomes or apartments, we have the management solutions for you. Go to keyrenterpmc.com or email us at [email protected] for more info. Today on the show, we are thrilled to welcome David Flores Wilson, a seasoned financial strategist, thought leader in Managing Partner at Sincerus Advisory.
David Works spans holistic financial planning, investment management, retirement strategy and helping individuals and businesses align their finances with their life goals. With years of experience in personal finance, he’s known for helping clients simplify their financial lives and taking intentional steps toward financial freedom. Whether you’re a busy property manager or real estate investor, a professional looking to make your money work smarter, David has the insights that will resonate and inspire. Welcome to the show and thank you for being here.
David Flores Wilson 01:47
It’s great to be here. Looking forward to the conversation.
Yonatan Schmidt 01:50
Love it. David, let’s start with the basics. Break it down for us. What does all of that mean right? What does it mean in practice to, you know, go.
And what’s the difference from traditional financial advising?
David Flores Wilson 02:04
So what we try to do for the families that have entrusted us with their assets, as their thought leader, as their thought partner. And, you know, what we try to do is essentially help them save money, help them make money and make good decisions in their life. And so, you know, whether that comes to buying or selling a business or a property, whether it comes, you know, where they want to invest their liquid positions and how they want to implement different tax strategies, whether in their personal or business life. We’re going to give them advice and find ways to lower their risk. Help them make money, help them save money.
And so yes, I work with a I have a financial planning firm here in New York City that has a client base primarily of business owners and entrepreneurs trying to, you know, mostly 30 something, 40 something, and we really just try to move the ball forward, really with them in their financial lives.
Yonatan Schmidt 03:04
Nice. What? Tell us a little bit about common financial planning pitfalls that you see with, you know, professionals and business owners. What do they do? You know, what do they not do.
And what would you advise?
David Flores Wilson 03:18
Well, I think we have to start with the basics, right. I think that generally there’s five pillars of of financial planning. And if you’re doing, let’s say 3 or 4 of these, right, it’s you’re going to be doing well and, and growing your net worth and achieving your goals. And so you know, it’s it’s basic, you know, meat and potatoes. Right.
It’s it’s the saving. It’s investing. It’s protecting what you have. It’s managing debt correctly as well as, you know, minimizing the risk to your financial life. And so each one of those you can dive deeper, but I think that is, you know, people kind of think, you know, simplifying makes a lot of sense.
And saying, okay, well, am I saving correctly? Am I investing that money efficiently by investing that money with low expenses when it comes to the risks, am I protecting both my income and my assets? Because oftentimes people’s income is the most valuable asset they have. And then when it comes to tax strategy, there’s just many different ways to minimize taxes. And and to do that in, in an appropriate way that’s for the owner or the or the family.
And, you know, there’s lots of lots of different ways to do that. And I think that it’s a, you know, it’s a year round sport when it comes to minimizing taxes in terms of, you know, it’s not just sort of, okay, you get to the tax deadline and what can we do? It’s, you know, it’s it’s about looking at these kind of different strategies, looking if you’re a business owner, looking at different entities, different types of Savings vehicles as well as the investments themselves, whether that’s real estate or securities saving money on taxes. It’s, you know, just small changes people make to saving money on taxes over the course of their lifetime can have a profound effect. Right?
I ran the numbers the other day and, you know, a very young person who was making, you know, around, you know, three, $350,000. They’re in their early 30s. If they reduce their sort of effective tax rate, 5% for the rest of their life, by the time they’re 65, that’s another $2 million. And so it could. And so, yeah, it makes a lot of sense to understand the strategies to build the right team around you and then go in and implement, you know, the appropriate strategies when it comes to saving taxes.
Yonatan Schmidt 05:38
That’s interesting. I’m definitely curious to know how you can minimize your taxes 5% a year for myself personally and also for our listeners. But, you know, I sat for breakfast one morning with It’s a billionaire, actually, and I’m not going to name him because I don’t want to expose him. But, you know, I said to him, how do I, how do I how do you like, minimize your taxes? How do you not pay taxes like the big dogs, Jeff Bezos and, you know, Mark Zuckerberg, and you hear all these corporations who, you know, they’re not paying taxes.
And he said, you know, for me, I find that every year that goes by the larger the tax bill that I had, the happier I was. And it just means because, you know, he was earning more and more and more every year, you know, at a profoundly, you know, higher step. Right. And he was paying a lot more taxes. What would you say to something like that?
David Flores Wilson 06:37
Yeah. You keyed on a very important point, right. That sometimes is, as the CPAs love to say, right. You don’t want to have the tax tail wag the dog. And so, you know, we do meet sometimes whether it’s a business owner or a or property owner kind of doing every last thing to think through, you know, sort of running every questionable expense that’s in sort of a gray area through the business.
Perhaps they’re, you know, they they met someone who’s sort of selling these sort of tax shelters that are, you know, might be listed transactions. And so, you know, they’re sort of they’re rolling the dice a little bit that says, oh, you know what? I’m going to save taxes now. And when the audit comes, they’ll claw it back. But in between I will have invested the money.
And so, you know, that’s not what we generally want people doing. Right. I think that that yes, if you’re focused so much on the minimization of tax, it could be to the detriment of the business and your focus on on growing, you know, the top line and bottom line when it comes to that company or property. And so absolutely right. I think we you know, I personally you know, I want to pay my fair share.
But there are strategies in the, you know, in the in the code. Many more new strategies that came through with this tax bill that was passed in July. And I think that oftentimes it’s a process, right. It’s like, hey, these are the spectrum of things that might be appropriate. These things over here we think are too risky.
They don’t. These things over here don’t apply to you. But these things, if consistently applied, would help you sort of maintain more after tax dollars. And so you could reinvest it in your business or your financial future. And so, you know, what you’re saying is absolutely.
Yonatan Schmidt 08:21
Yeah. For many of our listeners who are real estate investors and, you know, they own portfolios of single family residential homes and small multifamily assets, right? We often see and hear in our industry right around, you know, this time of year, September, October, November, December, people saying, oh, I need to buy another house or two to, you know, start spending money so that I can avoid paying taxes. Right. increase in my my and inflate my expenses essentially.
Right. And, you know, kind of kind of defer that tax bill or lower that tax bill. What are your thoughts on on that? Because you say it’s a year round sport. Right.
And people who are thinking about it on in the in the fourth quarter of the year. Right. Are they playing the game wrong.
David Flores Wilson 09:12
Yeah, I think you’re you’re getting to one issue that we do see from time to time is that, you know, essentially if you know, people sort of buying the deduction. Right. And so if you’re you’re spending $10,000 and you’re in 37% bracket, you know, you’ve you’ve you spent 30, I mean, you spent $10,000 to save $3,700, right. And so you’re net net still behind if the return on investment of what you purchased, you know, doesn’t make up for that expense, right. And so I think that, yeah, it’s it’s business first.
Right. In terms of any, any sort of investment in property or real estate. It’s what’s the what’s the actual rate of return on, on that investment on, on an incremental basis. And so if there are things that you are going to purchase right, you know, then yeah, it makes sense to go forward and do that. I think that, you know, you’ll see oftentimes say, oh, we’re going to do cost segregation studies.
We’re going to get those deductions up front. You know, I think that’s what’s interesting is that if someone’s not actively in real estate, well, then you know, you’re going to get a bunch of losses. And you know, where are those losses going to go? Right. Are they going to you can’t go towards your business.
That’s not on real estate. You got to have you know, you have to have other active I’m sorry passive real estate losses. And so you know sometimes we’ll see people. Yeah I want to do this short term rental strategy or whatever it is to sort of just, oh, I’m going to take this thing money because I’m going to pass through losses and sometimes it’s just not appropriate. And other times it is right.
And so, you know, there’s no substitute for for doing the numbers and running the projections and, and really evaluating that expense. But I think that for those families that are intergenerationally focused, right. You can you know, with real estate, you can depreciate it all the way down and then you can pass it to the next generation, and then they would receive it tax free as long as they didn’t pay estate taxes. Right as well. I think we’ve all seen people, you know, depreciate a bunch of things and then when it comes to their property and then they’re like, okay, well yeah, I’ll do 1031 exchange.
Right. And then, you know, they’re kind of scrambling. And so maybe they overpay for that new property in 1031 exchange. I think we’ve I’ve literally I was in New York City in my 20s. And all of a sudden, you know, I was renting at the time and someone came in with it’s just like, hey, landlord changed.
You know, this offer came in unbelievably, you know, of 15% above market. And you guys got to move and wow. And so, you know, that person didn’t make a pretty good I mean, they saved a bunch on taxes. But you know, at the time, I’m not sure if that real estate investment worked out because they overpaid for about 15% of the market at the time. So so you know, it’s it’s and so, you know, buying deductions never worked.
But you know being very smart about it, you know, accelerating something that you would have bought in January or something. Anyways. It makes a lot of sense. For example.
Yonatan Schmidt 12:15
I guess, you know, I read a little bit about you. It says you take a holistic approach to finances. How do you help your clients align their investments with their personal values and their lifestyle goals? What is it that you look at when you’re when you’re sitting down with a client and you know you’re planning this out?
David Flores Wilson 12:34
Yeah, I think we want to be very. Pragmatic, right. That people have values and have goals. And over time those values and goals change. And so, you know, early on when we meet people, when we start to engage them before actually giving them advice, we want to know where they’re coming from, what’s important to them.
And so is it family. Is it financial freedom? Is it philanthropy? And then once we, you know, and we’re literally sort of go through an exercise before the pandemic, when we used to meet with people more in person, it was like we had these cards and we whittled down these different value cards to from 50 to 10 to five. And, you know, these are your values as we sort of sit here today.
Right. And and then we’ll go through sort of like okay, well what’s your long term goal. And so some people just don’t know their goals yet. And so we’ll tease it out. And then then as we dive deeper in discovery.
Well what are the financial activities that you’re doing. Right in terms of saving and spending and minimizing taxes and managing debt and so on. And, you know, we’re taught to say. Are we seeing alignment here? Right?
Because you’re telling me that family is the most important thing, and you value you, your freedom, and yet you’re sort of spending 70 hours a week in the business. And so maybe it makes sense as a goal to say, hey, let’s let’s re structure the business over time. So that way you’re less central to the business. And that way you’ll get more in alignment with your values. And again this is you know everyone’s different.
And I think that we also have to be practical as people grow and change that their values will change. And so we’ll always want to step back and say, okay, well how do we feel about things now and what’s important to us now? And so I think that aligns is super important. And when we work with clients.
David Flores Wilson 14:29
Who are actually coming into the business, and.
Yonatan Schmidt 14:32
You’ll help them restructure a business to make it to where it’s not as reliant on them then individually. Or am I getting this wrong?
David Flores Wilson 14:43
Yeah. So I think. In this particular case. Right. I think there’s different exit planning concepts.
Right? I think when it comes to to exit planning and people sort of thinking they’re about there, you know, what they want to do with their business, long term retirement, sell the business. You know, oftentimes what’s good for exit planning is also good for the business and good for them, because oftentimes when a buyer looks at, you know, a business where the owner is, you know, head of sales running, it has all the business processes in their head that’s a less valuable business. And so we get this sort of double benefit in that situation. If we can bring in the right consultants and say, hey, you know what, let’s develop systems and processes so that it’s not all just in in your head only let’s as well.
You know, start to build up the management team. And you know, that way you’ve essentially created a more valuable business. Again, if this is what they want to do in terms of their goals and their values. Right. Because I think that sometimes, you know, some business owners, you know, they just want to to be working in the business until until they die.
Right. And others, you know, they want that next chapter. And so I think that part of the work we do is just to really peel back and say, you know, do you, you know, are you fulfilled now? If not, what will be fulfilling for you? And then let’s make a plan.
You know, on the financial side, on the personal side and the business side, so that you have alignment in all those areas and, and that way you’re achieving your goals and, you know, within the framework of your values.
Yonatan Schmidt 16:23
Yeah. Wonderful. Tell us, I guess in this stage of economic uncertainty, what’s your view on liquidity and planning to have dry powder as part of your portfolio? How important.
David Flores Wilson 16:37
Is it? You know.
Yonatan Schmidt 16:42
People really keep dry powder and, you know, in your experience, be dry powder.
David Flores Wilson 16:51
Yeah. So I think that’s. That’s a big part of it. Right. So capital allocation is is the name of the game.
And so when we think about, you know, most people we think about sort of people’s balance sheet is three buckets. Right. You kind of have your safety assets, your cash as well as I would consider the the equity in your home, essentially your safety assets. And then that would sort of second bucket is your market bucket. And that’s just your your 41K money or whatever sort of in the stock market.
Right. And then there are I would call your sort of third bucket your aspirational or your moonshot bucket. And this is where your investment real estate would go in. If you’re invested in private companies, venture capital, hedge funds, That’s all that bucket. And I think that there is no magic allocation between the three buckets.
But I do think that if real estate is what you’re interested in, well then yeah, for sure you need to have if you don’t have access to credit lines, well then yes, you need access to capital. If there’s an unforeseen renovation or a really good opportunity. Right. And I think that it’s sort of, you know, cash is an emergency fund. It’s it’s protecting against a risk, but it’s also it’s capital for a potential opportunity as well.
So it cuts both ways. And so, you know, for some people, you know, they may not have a big portfolio that they could borrow against at low rates. So yes, it might make sense to have more cash. And I think that again, it definitely comes to someone’s comparative advantage because I think some people are are better than others when it comes to timing different markets and understanding what’s in the marketplace and what’s cheap and what’s accelerating in terms of growth prospects. And so some strategies really just take more cash than others.
I think, you know, we work with a family that owns, you know, a lot in the hospitality business. And they own, you know, a lot of motels and hotels. And so, you know, they have a different liquidity framework than, you know, we have another client that’s doing flips, right. You know, they need that. They want to move quickly.
They want to renovate and they want to do that. You know, and it’s not tax efficient because they might you know, they might flip it and you know, after the renovations within 12 months. But because the returns and they found some inefficiencies they can do that. And so yeah, it really depends on the situation. But you know, just kind of thinking through lines of credit cash, you know, borrowing against securities, developing relationships with lenders, those are all important things.
And so, you know, some more important than others. Right. So.
David Flores Wilson 19:34
Yeah.
Yonatan Schmidt 19:35
And for those in real estate, either investors or managers, what unique financial strategies should they be considering right now?
David Flores Wilson 19:44
Yeah, I mean it’s so different, right? So I think that when it comes to real estate investors, it’s really just knowing your comparative advantage, right. And so are you. What are you really good at. Because I think that, you know, some people are like, oh, I’m going to diversify.
I’m gonna buy some residential and buy some commercial. I’m going to buy in this market. Am I in that market? Yeah. I don’t see where the inefficiencies are there oftentimes.
And so maybe it makes sense to be a little more of a passive investor. But for the people that really build up the skills, you know, maybe they have the right network of people to sort of help them manage the property. Maybe they’ve, you know, have good relationships with a property manager that’s, you know, that’s it can really drive value for that property. And so it really depends. And so but I would really just oftentimes encourage real estate investors to just be very systematic and disciplined about modeling out your assumptions and saying, okay, well, what’s the realistic occupancy here?
Right? Like what’s the renovation budget going to be like? And then, you know, running that projection and kind of comparing that on a project by project basis. And so I think that, you know, oftentimes we see, you know, very simple valuations saying, oh, well I can pay X amount for this one. And, you know, it’s cheaper than, you know, y times this other property.
I’m like, well it’s more complicated than that right. And so just being very disciplined about the framework for evaluating your real estate, you know, because often some people have the hot hand and go with their gut and it works out well for them. But, you know, for the rest of us, let’s let’s be disciplined about our assumptions. And so that way we, you know, if we know it’s a good investment, like how good is it relative to another.
David Flores Wilson 21:32
So yeah.
Yonatan Schmidt 21:34
It’s, you know, equity comp equity in homes, all that. Maybe a small business even. What’s the first step that you do when pulling everything together. And you know, when they’re sitting in front of you and you’re trying to help them come up with a plan for for their life.
David Flores Wilson 21:53
Yeah, I think it’s we talked a little bit about it, right, in terms of just really understanding their values and their goals. And what are they currently doing? And that’s that’s part of a broader discovery process saying, hey, you know, like, what are you doing in each of these aspects of financial planning and what are you doing on your taxes? What’s going on on the estate side? What’s going on with your real estate?
What’s going on with your your liquid investments? And so it’s really that deep dive and kind of understanding the full picture. And then, you know, we’ll usually identify a couple issues that really need immediate attention, right? You know, there could be, you know, a tax saving technique that we have to take advantage of before the end of the year. Or, you know, maybe they don’t have their estate plan in place.
And so we’ll sprints on those particular topics and then, you know, get into sort of a regular cadence of, of doing discovery on a quarterly basis with, with clients peeling back. And you know, we kind of have themes, right. So the first quarter of the year is sort of just kind of, you know, resetting goals and values, getting ready for tax season. And then we’ll discuss, you know, different strategies kind of in the summer time, pivot to estate planning and understanding the risks both in their business and property and the personal side in the fall, if they’re an employee, the you know, the benefits and open enrollment and then, you know, then we’ll do sort of tax projections to see if there’s anything we can do, and then we’ll execute that towards the end of the year. But of course, managing the portfolios, you know, to optimize for return, minimize risk and and minimize taxes throughout the year as well.
And so that’s generally how the process goes. But I think that, you know, sometimes we’ll be speaking with a client, you know, multiple times a week because there’s something super important, right. You know, they might have had death in the family or they might be thinking about selling their business, and we’ll really have to roll up our sleeves and kind of think through all the different aspects of that and quantitative, qualitative, financial and non-financial. So that’s generally how it works. Yeah.
Yonatan Schmidt 24:03
All right.
Yonatan Schmidt 24:04
Tell us, I guess, what’s one myth about wealth building you wish more people understood.
Yonatan Schmidt 24:09
And how would you debunk it?
David Flores Wilson 24:12
Yeah, I would just say that wealth building is it’s a skill, right? And I think that oftentimes people don’t think that, you know, they’re sort of investing with their money that they should be investing in themselves, right? In that knowledge around financial literacy, around what are the ways that they could make money and what are they good at in particular? Right. And so some people are, you know, they’re going to climb the corporate ladder and they’re really good at that.
And other people are good at identifying properties. Right. And so just really once you go through that, you know, as you know, when we talked to sort of younger people, it’s really like, okay, you got to go through that experimentation phase and saying, okay, well what am I good at? What am I interested in? And so and that really applies not just to people’s career, but how they make money on the investment side.
And so building wealth by just investing in yourself, learning a lot and, and just following those, those sort of pillars of financial planning right. When it comes to kind of saving money, investing, minimizing taxes and so on.
Yonatan Schmidt 25:16
Awesome. Well, David, this has been insightful. Anything else you think we should know? Anything that I didn’t ask.
David Flores Wilson 25:25
Yeah. I mean, you know, if you. I could talk forever on this stuff. I love it, right? But I think, you know, you’re focused on the property area.
I think that, you know, the, you know, real estate investing is it’s so powerful, right, in terms of the ability to, you know, buy and manage and sell real estate, all the different tax advantages, all the, you know, the ability to lever up in a way that you can’t do with stocks and bonds. And so, yeah, just, you know, highly encourage people to say, okay, well, you know, if this is for you to really learn it, to really understand the techniques, really build a team around them that can fill out some of their knowledge gaps. And but also, you know, to think about the whole balance sheet too, because I think sometimes, sometimes real estate is not as attractive. And you’re like, okay, well, maybe I’ll be in a diversified portfolio as dry powder and then come back into real estate later, right? Yeah, I think that’s kind of an interesting.
Yonatan Schmidt 26:22
Diversification, right? It’s all. That’s the name of the game, right? You know, real estate is hedging against inflation. Your stocks and bonds and your assets are, you know, a good way to, you know, grow your grow your powder.
I guess, you know, in a sense, right. Because there are a lot more liquid than, than a home that may take 30, 40, 50, 60 days to sell. So yeah, I agree, diversification. And then thinking about the whole balance sheet is as important. So if you found this interesting reach out to David and he can help you with your balance sheet.
Better understand it, help protect it and grow it. Awesome. Thank you so much David.
David Flores Wilson 27:06
Great being here. Thanks so much.
Outro 27:12
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