TGCI 104: Moving to Passive Investor full time after burnout from Active Investing
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Show Notes
In today's show, Pancham interviews Travis Watts - a full-time passive investor and the director of investor relations at Ashcroft Capital.
He is no stranger to finances and investments but he realized that a W-2 job, an active investor in multi-family homes, and being a property manager is simply not his thing. So, he started investing in syndications passively!
With his focus on achieving time freedom, he has finally left his corporate job, became a full-time passive investor, is a limited partner in over 35 syndications, and has been devoting his time to teaching passive investment strategies to rookie investors!
In this episode, learn insights and words of wisdom as Travis will share the pros and cons of passive and active investing, deals he made with different approaches, and how you can vet out sponsors!
Want to know the right investing approach for you? Listen and enjoy the show!
Quote:
"I was literally trading time for dollars. And I got to thinking 'There's gotta be more to life than this.'"
Timestamped Shownotes:
- 1:20 - Pancham introduces Travis to the show
- 2:28 - How he got into real estate investing
- 8:25 - His transition from active to passive investing
- 12:05 - Why passive investing best works for him (and how to know what best suits you!)
- 20:45 - Identifying your clear criteria when vetting out sponsors
- 23:51 - How mind-clearing helped him to be more productive
- 26:53 - Taking the Leap Round
- 26:53 - His first investment outside of Wall Street
- 29:04 - Overcoming his fear of breaking barriers
- 30:21 - His investments that didn't go as expected
- 31:59 - Why investors should do their own research
- 33:21 - How to get a copy of his report
3 Key Points:
- Self-educating yourself through podcasts, books, and seminars is the best way to go to understand the fundamentals of investing.
- The type of approach you would want to have in investing should best fit your skill sets, passion, and interests.
- Defining who you would want to have as a sponsor can easily help you vet an investor.
Get in Touch:
- Get a FREE copy of his report on "Understanding Real Estate Private Placements" at [email protected]
- Ashcroft Capital Website - https://ashcroftcapital.com/
- Listen to Episode #43 with Jeremy Roll at https://thegoldcollarinvestor.com/tgci-43-w2-to-passive-investments/
- The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/
- Pancham Gupta Email - [email protected]
Books:
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
- Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming...And How You Can Prepare Yourself and Profit from It! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dads-Prophecy-Biggest-Yourself-ebook/dp/B0175P5M6O
- Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054