In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
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- 1:22 – Why margins need to be known before moving forward with a business.
- 3:01 – If it doesn’t have a recurring income stream—stop.
- 5:00 – The difference between investing and speculating.
- 7:05 – The secret to evaluating risk.
- 9:55 – Where simplicity vs. complexity comes in throughout the process.
- 14:14 – How the “headache factor” can be evaluated.
- 16:37 – Why lifestyle should be an important deciding factor.
Featured on the Show:
- Rob Swanson: Website | LinkedIn | Twitter
- What’s Your Next? by David Phelps
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