#65: Diversification Through Buying Real Estate with Stephen Keighery
Today’s episode is with Stephen Keighery, an Australian entrepreneur who started, grew, and IPO’d a company on the Australian Stock Exchange.
And now he’s based in Louisiana buying houses, flipping them, and holding on to them.
The reason why this is relevant is because his strategy is extremely important.
You’ve heard this before, diversify, diversify, diversify.
When you’re running a company, there’s a chance that it might exist today, but doesn’t exist tomorrow, and if you ask Warren Buffett how to make billions of dollars, he’ll say to start as early as possible.
So if you understand this concept of compounding your wealth over time and you couple that with owning a company, there’s a lot of ways in which you can grow your wealth and diversify during the process of running and growing a company, and do it in a way that if your company should ever die, you walk away with something of value, and if your company doesn’t die, you still walk away with something of value.
So my conversation with Stephen was really interesting because he not only talked about specific legal loopholes to maximize your profit and minimize your taxes through the process of diversification from your company and purchasing property, but we also got to hear his story.
So, I hope you enjoy this episode, and I hope that you come away from it with a deeper sense of appreciation for your own value, for all of the hard work you’re putting into starting and growing the company you have, and don’t forget through it all that you need to get paid too.
So without further ado, I bring you Stephen Keighery.
And remember, Entrepreneurship is a Marathon, not a Sprint, so take care of yourself every day, so that you can live and love, and have the energy and the passion to run your business, and to invest in your team, and to find a way to appreciate those moments of happiness.