Brian Lauchner:
One of the things that I thought would be great, Glamour Property actually asks a question about differentiating between wealth and income. And so, I wanted to see if you could speak a little bit about, maybe even using the money today, money tomorrow analogy you used at the beginning.
Martha Speed:
Yeah. So, income to us is what we live on, right? You know, we get a salary and we really truly try to budget and live within that salary. I mean, just like anyone would have to. Other moneys that we may have, or acquire from, you know, then we take that money and, you know, we segment it and use it only for investments and we just keep reinvesting that money. Right? So, if I buy a note and I sell a partial, I get that money back. I take that money and I buy another note. And so, I don't ever mix it or actually move any of that money into money that we would need for income to live on. And so, if you can separate the two, you know, in your mind too, and, you know, separate them into different accounts, then it helps just to grow, you know, the wealth portion.
Martha Speed:
That's really what happens there with that cashflow coming in every month, if you buy notes, if you can just hold onto them, or if you need to sell part of the cashflow and then buy another note and, you know, then just do the same thing over and over again.
Eddie Speed:
It's focus. Any discipline in life, great musicians, great athletes you know, anybody that's had any success, business owners, you know, business leaders who, whatever that is, if you look at their one single trait, they're probably unbelievably good at focus. And so this is Brian, I think the thing that we just feel like is a key is Martha focuses on this. I mean, she's not unclear. And she knows where, you know, in, as she sits, she's even got like separate checking accounts, so that all of a sudden you don't wake up and figure out you're spending your wealth money on eating,
Brian Lauchner:
Man, that's so true. And, what's beautiful is this, isn't something in theory, this is literally something Martha has proven works, right? Even from starting, just flipping notes. Cause maybe you're somebody who you're saying, look, I'm brand new to this. I need that money today. Well, seems like this daunting task. What's amazing is Martha is sharing with you in her story that not only was she flipping notes to make that income today, but she's saying with a smaller amount of money, you can just start with that and use that capital over and over. It's not about coming up with massive amounts of extra money every single year. That's, what's so impressive about this model that she's put together and why they've been able to create such a legacy. You know, without just saying, yeah, I fell into $10 million, it just fell into my lap and I used that to build my wealth. Right? So, it's really, really great.
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