Fire Yourself and Build Real Passive Income with Bronson Hill

Perfect. Hey, this is Loral and welcome back

to Loral's Real Money talks a podcast about money, how we make

it, how we keep it, how do we invest it, how and why we use a

team so we can actually leverage our skills, hire our strengths,

our strengthen our strengths, hire our weaknesses. I'll get

that right. So hire all the things you don't want to do. And

I also believe that there's no such thing as procrastination,

because if you don't want to do it and you don't know how to do

it, hire it. Which brings me to an amazing guest who's going to

talk about passive income and income, and how do you make it,

and how do you invest for those things? So Bronson Hill is with

me. He is the CEO of Bronson equity has raised over $50

million a lot of real estate is a primary investment. It's moved

into gas and oil, other alternatives. So Bronson

welcome.

Well, great to be here. Great having you on my

show, the mailbox money show, recently, I'm really excited to

talk with your guests or your audience, I should say, today.

So yeah. And

so how did you arrive here? Like, give me your

backstory. I gave you a little bit of my backstory. And

backstory in a farm girl from Nebraska. How does Bronson Hill

arrive running $100 million fund? And, yeah,

yeah. So I So, yeah, I started. I was at well

paid professional I was doing medical sales. So I worked with

heart surgeons, and I was wearing scrubs, going to

surgery, advising surgeons on how to do their heart surgery

was very interesting. Was very interesting. Was making about

250,000 a year. I enjoyed it, but the thing I realized is I

wanted financial freedom, but to me, financial freedom really

meant time freedom. And a lot of people will say they want

financial freedom, but really it comes down to really creating

more time. And so I had a couple of physicians I worked with very

closely, and they both made over $2 million a year, and yet they

were working 60 to 80 hours a week, every week, and they

couldn't really take time off. And I just thought, you know

that to me, does not feel like freedom. And so for a lot of us,

we just, we think things are passive, like I got into single

family investing, or I was doing online trading with stocks and

and these things really aren't that passive, because they're

not scalable. And so I started to learn about multifamily real

estate, larger deals, raising capital. Fast forward, I was

able to raise, you know, money for a deal, then find a partner

and raise, you know, 10s of millions of dollars. And then I

was able to leave my corporate job and replace my income with

with real estate and other investment income. And so I

just, I just really love helping people really solve one of three

problems, to really try to generate more cash flow, which

really helps people to fire themselves. That's the name of

my, my first book here. And or, you know, appreciation or tax

benefits, those are things that really, we help people to do in

different various asset classes.

So talk a little bit about that

transition. I think there's so many people right, having been a

real estate millionaire too, and mine was done in single family,

and it was so much work. And so hearing that, and I was also

writing the millionaire maker, I coined the word pactive, which

is passive and active, because, right? It's a pactive word

because you really aren't passive. Like, to me, if you,

like, really look up passive. It means like, like you're not

doing, if you're going to be responsible for your money,

which is what I teach, right? And I know you teach that, then

you have to at least oversee it. So there's some activity, at

least showing up to a shareholder meeting or an

investor meeting and but talk a little bit about that transition

of jumping from the single family, because it's a sweet

spot, and very few people find it where you just go bigger

multifamily. And how does that for I'll choose myself. If I

wanted to, say, put 100,000 with you and I wanted to invest, how

does it really get passive for me? Because, you know, I

actually make fun. I don't use the word passive because I think

very few things are completely you do nothing. You should at

least be mindful and pay attention to your returns and

have some activity in it. But talk about that leap Bronson.

It's such a big leap. It's so people, so few people find that,

you know, the the eye of the needle,

yeah, it's a really good point, because

there's a lot of marketing out there that a passive income is

great, and you buy a house and you do this, whatever, but,

like, it's just the stuff isn't passive. Because, you know, and

this is really the test. I found that if you, let's say you have

a time, I had four rental houses, and the thought it was a

lot of work, so even before, but the quite the test is if you

can't quickly go like 10x of what you're currently doing, and

go ahead and couldn't quickly go to 40 without creating another

job, then it, then it's not really passive, right? And so a

lot of things we think are passive are not passive. There

are things though, that are, I call them, they're more passive,

right? So a lot of true what I call a passive investment.

Nothing is fully passive because nobody cares. Nobody cares about

your money the way you do. And you teach that with your

audience of like, Hey, you got to take responsibility for your

money, because no one cares about it like you do. So I think

that for a lot of people, you know, when you get to a place

where you have more money than you have time. So for example,

these doctors that made over 2 million a year, they're making a

lot of money in their jobs, they're a great candidate to be

a more passive investor, right? So they don't want to, you know,

for them to go operate and do operate and do some business or

they just doesn't make sense. So for them, the money they make,

they want to have. How does that money is Warren Buffett would

say the making money while you sleep, right? It's a great idea,

but it does exist, and how it exists is the work of that is on

the front end, where you're vetting that team, you're

vetting that deal, you're seeing to. Is this aligned with my

values, my goals? What I'm trying to do, if you're trying

to solve the problem of, I want to quit my job because I didn't

want to have enough passive income or income coming in,

investment income, so I don't have to go work for it. Then

that's your goal. So that you should find deals that do that

get into that. And then, you know, the name my my show we had

you on recently is called the mailbox money show. And so it's

the idea, do these checks, then we should call direct deposit,

because nobody gets checks anymore. Checks anymore. It's

all direct deposit. But do those direct deposit or those checks

show up every single month, every single quarter where I

didn't have to do the work, the work was on the front end, where

I was doing the vetting, and then I sent the money, and then,

yeah, I'm following up, I'm getting reports, I'm checking

in, and, you know, there's work you do there, but it's not like

you're the one actually managing, the manager or doing

the work of the actual project.

So talk a little bit about that, because I

find, you know, having a very direct relationship, if not a on

top, like relationship, with the management company. Because a

lot of people that that that don't make the I need to other

people who the management company sucks, right? They don't

do their they don't do their performance there, there are

expensing the heck out of the the project, right? Too many

TIs. Too much turnover, no force like not really managing rent

roles. So talk about the management part, because I think

there is, I mean, to me, those are the teams. They are either

really good or they really can blow the project.

Yeah, I think, I think it comes down to, you

know, really, how do you vet a deal? How do you vet a project?

And a lot of times we do this kind of the opposite way, where

we'll, we'll get a deal, you know, somebody sends us, we'll

get on a list and, well, oh, it's a, it's a real estate deal,

it's a multi family, it's a oil and gas. But then it's important

to kind of take a step back, once you get that, and say,

well, first of all, hold on, let's take a step back here. And

like, what market is this deal in? Like, if this is in, if

we're talking real estate, if it's in a certain market, let's

say it's in Dallas. Well, what's the Dallas market doing for self

storage, or multifamily, whatever that deal is? And is

this a growing market? Is a shrinking market? What's the

competition looking at that market and then coming down to,

like, Who is that operating group, who's the sponsor, who's

running this? Is this a rinse and repeat kind of deal? They've

done it before, they've shown success, and this is just the

same thing, just doing it again. Do their values align? Are the

things that match up? And the last thing, really, is the deal

itself. So again, you kind of start with, kind of the market

the deal is in, the people are operating, then the deal and

say, Well, you know, does this deal make sense? So I understand

how I'll make money, to understand the, you know, ways I

think I could lose money, right? Because every deal has risks.

And I always ask operators, hey, what's the, what's the primary

risk of this deal that you see or, you know, and sometimes to

be different in what I saw. And then you'll have to come back

and say, Does this help me really meet the goal, or really

do what I'm trying to do? Because a lot of people, again,

there, I'll ask this question. I've had over 2500 calls, you

know, high net worth investors, average net worth of 2 million.

And I'll say, what's more important to you? Cash flow or

appreciation? They're kind of, oh, maybe a little bit of both.

Maybe this. I'm thinking like it really should be cash flow for

like, almost like most people I talk to people that's worth over

100 million, I know God's worth probably 500 million, and he

loves cash flow, because he just loves cash flow coming in, and

then somebody who's not as wealthy, when you start building

up that cash flow, that's what builds up your freedom to be

able to go, to go do it. So I think when you talk about

managing the manager, I think, you know are finding the right

partners. I think there's a subtle thing of just listening

what people are really saying. If you can talk to prior

investors in that deal that have worked those deals, that have

worked with those specific sponsors, that's really

valuable. But if you know, your gut will tell you a lot as well.

So I think if you're ever kind of in a moment where you're

like, some doesn't feel quite right here, sometimes really

measure up, or they're saying this, or there's ever a

pressured phone call. I've talked to people that said, Oh,

they try to get me on a call and get me a sign right then I was

like, you know, that just does not feel right. And I read, I've

told, you know, investors reach out to me. So what do you think

about this deal? And they describe it. I'm like, that just

sounds like a red flag, like, if it's like a click bait thing,

you click on, I never heard of the guy, and you're reaching

out. It's like there's things out there that it's just like

reputation is a big deal, and you should listen to your guts.

There's a lot of things that are a little bit intangible, but I

think that when but I think that when you talk to people that

have invested with the group, you may run it by other people

that have been doing it for a long time, and get opinions,

you're going to really get a lot more strength

and wisdom in that. And do you manage your own

internal managers, or do you outsource across the country? So

my unashamed goal Laurel, is to own everything and

to operate nothing. So I and because people, how do you do,

you know, multifamily and how are you doing self storage, how

are you doing, you know, oil and gas and car washes, and we're

doing debt funds and buying business. Well, I don't want to

operate. I want to have partners that do that. So I'm involved. I

invest my own money. But we do quite a vetting process, then we

go on. But I don't want to, I mean, my business, I do have a

business where we create education and we create write

books and do podcasts and things, and I work with

investors, but that's what I enjoy doing, so that's what I

want to be doing. And then I have other partners, like my

partner, Bryce, who's an E commerce and internet marketing

expert. So we're buying e commerce type businesses, right?

And so that's great. And he can operate. I can assist with

strategy and other things, and I want to learn that, but I don't

want to be the one who's really responsible for the operations

of it? So I try to find someone who I find is a partner that's

really competent operator, really good track record in that

space.

Yep, yep. I call them Field Partners in my

love cycle book. They're in the field. They're the ones running

it, and they're responsible to return to the investors. Talk

about other ways to grow like. You know, so many people want

income and they want their time back, but I'm always, I always

say, you have a knowledge gap, right? So you have a huge

knowledge gap. How do you start bridging some of your your

clients, or that knowledge gap when so many people, they want

the goal of cash flow, but they really don't have the muscle for

it at this

moment. So, you know, this is something that's

really interesting, because it kind of goes with this. Like you

said, there's a gap when I got into medical device sales and I

interviewed around I didn't have medical device sales experience,

very competitive. I get hundreds of applications for these jobs,

and they wanted people that had medical device sales experience,

right? But how do you get it if you don't have the experience,

same with like going into deals or finding a certain level. How

do you find out about reducing taxes? Well, you got to ask the

questions. You got to get in rooms like you create. You got

to get around people that are tax strategists. You got to find

so I think that the older I get, the more I realize, like, just

because I can literally go to 10 lenders, and every single one

says, let's say nine of them say, No, that you can't, you

can't do that. And then the 10th one says, Oh, we do that all the

time. And so it's just funny, how like, and you know, you've

been in the world, investing world a while, there's people

that specialize in certain things. And so, you know, you

want to, obviously, you know, just be cautious, and you kind

of look at different things. But it's sometimes there are things

that are out there. And you've talked about, when had you on my

show, you talked about oil and gas, where it's like, There

truly is an investment that can, you can reduce ordinary income

with by investing it. It's 88 usually 8580 85% of the amount

invested is a tax deduction against ordinary income, which

is kind of a magic bullet, right? It helps a lot of people

in a lot of ways. And there are a lot of challenges in the

industries, a lot of people you have to kind of watch out for,

but you have a reputable operator and things that can

work phenomenally well. So I think that the learning really

is the first thing. It's getting around people. And I think I

talk about this in my mastermind the wealth forum, that group of

high net worth investors, I say the most transformational

relationship that you can have is not a Bronson or a laurel or

someone else out there, it's another passive investor who's

in the same place as you has been doing this for 10 years or

20 years, and that you share notes with each Other, right?

You guys are the same kind of weird. Alternative investments.

You're interested in this because nobody wants to talk

about money, right? You talk to your friends, I think you're

crazy, like, why would you not just do stocks and bonds and

have a money person? But then you get, like, in the room with

people actually open to these ideas, and they'll say, Hey,

I've worked with these guys. I would absolutely work with them

again. And they say, I'd never work with this particular group.

Or, here's the tax strategist, I use, or here's what I do here,

and it's like, it's just, it's like, it's amazing, it's

transformational.

I would agree. I always say, if you want to be

a millionaire, hang out with us. Yeah, you just got to come hang

out with us. And you know, I also think talk a little bit

about the millionaires who keep too many secrets, because we

know them like, you know, they're our peers at some level.

I think you and I are, like, much more transparent. We really

want to help people understand and learn. And I, you know, I

want them to get their own I call money muscles. Like, I want

them to have their own strength of being able to make decisions,

not always. You know, what's Laurel doing? What's Laurel

doing? It's like, it doesn't matter what I do. One of the

things I teach about money rules. I say my running rules

are not yours. That's number one. Now, what are yours like?

Right to create cash, my ability to just how I live my life, my

strategy isn't yours yet. I mean, I you know, people kind of

similarly get structured as they become wealthy in corporate

structure and trust structure, etc. But talk about that a

little bit,

yeah. So, I think if I got the question right, it

was basically, how do you surround yourself with people

that are, you know, are doing this as well, and what's the

process to do that? Is that the question, yeah, yeah. So, so, I

think, you know, really, I think it comes down to being just very

intentional about, you know, there's the equality, or the

average, the five people you spend the most time with. So

again, if I want to grow, let's say for me, I lost 30 pounds,

you know, seven or eight years ago. I just had a, you know,

time my life went through a divorce, and just realized,

like, Okay, I just want to be a better version of myself. And so

I just realized I had to start getting around people that were

doing it, and they were joining races and eating a different way

and doing things. I realized, like, okay, like, I this is the

person I wanted to be. And so I think we're constantly moving

towards or we're aggressing, kind of like we're moving

towards something. And so in every every area of life, we've

got to have a sense of a goal or a mission or something that

we're doing. Otherwise we just continually start to decay in

different areas. So I think, and I think this is challenging. We

go through setbacks. We go through challenges. Sometimes

we'll have a deal that doesn't go well, and the longer you do

this, sooner or later, you'll have something that doesn't go

well and doesn't go as planned. And so how do you learn from

that? How do you grow from that? How do you let that be this?

Here's a lesson here. Someone going to take from this and

super successful people, we have a common friend, Ken McElroy.

He's lost investor money, right? He's a guy respect tennis, 3

billion in real estate and and so, you know, we've had to deal

with, you know, a couple deals we've lost money on, right, just

from some of the the lending and the situation. I can get into

details on that, but I think that it's all learning. And so

when I'm around people that have that transparency, that will be

open about not just successes, but especially failures or

learnings, it's super valuable, because if I can learn from

their mistakes, I'm, you know, it says a. Wise man learns from

his own mistakes, but a genius learns from the mistakes of

others, right? So if I can just simply be a learner, be a

sponge, go in and I think it is all about like the rooms you're

putting together, if I can get into a room with somebody who's

got a 10 or 100 times the net worth that I have, I'm gonna I'm

gonna get so much out of that their afterthoughts are gonna

just kind of speak to me in ways that I didn't even imagine,

right? So I think that being very intentional about who

you're around and just being careful who you listen to, I

think listen to. I think when I wanted to leave my job, it was

like, my whole family was like, No, why would you leave your

great job, your 250k your job. And then I got an entrepreneurs

group and, like, it was, like, the complete opposite. They're

like, yeah, you pretty much should leave your job as soon as

possible, because you're making more. Like, you could always go

back and, like, it's just they kind of totally reframed it. I

was like, oh, okay, so good. So I appreciated

that. No, I was the same because I was on, I

was on a pretty high salary by the time I left Chevron and met

Kiyosaki. And, you know, Kiyosaki, they didn't hit Rich

Dad, Poor Dad, Team Sharon Lacher still like, I call her my

financial mom, one of my dearest friends. She came to my son's

wedding. I mean, we're super close, and so that was my gold

out of that relationship. But it was so funny because, no, the

Rich Dad, Poor Dad, didn't hit until 1998 and I met them in

six. So I went after the game and started creating cash flow

and revenues, etc, etc. And then it was so funny. Same thing all

the chevron people, you're going to do what you're going to lead,

you're going to lead this big job, all this travel, all this

fun and go follow a Japanese guy in a game around. That's

literally how it was teased. And I'd like, you know, the funny

part of it, Bronson, I always say, yeah. And the media asked

me all the time, well, what if first jet port I didn't hit,

because not all books it, you know that books in the world, I

think, are in the graveyard, you know, still in people's brains,

and they never came out. So I said, You know what? It opened a

door, and I got a jump. I got out of the thing that I was done

with, right? And I really like wrapped up that career well as

an exercise physiologist for Chevron, and it gave me a new

career, and gave me the path that I wanted, and if another

door will open. And I think that's what people really need

to learn, too. Is like you said, you compound your lessons, but

more as importantly, you you, you do this along your journey.

I've taught my kids, and Bob Proctor said, at 21 years old,

he said, Whoever has the best database is going to win. And I

said, I have no idea what you're talking about. So I always tell

my kids like, meet them, put them in your phone and keep the

capital, keep like, the capital relationship of another human

that could you could support it. They could support you. I think

it's priceless. I think it's extremely priceless. But I think

it's funny. We both jumped and we were teased by the people and

and some of them later, you know, when I became a

millionaire 1999 they're like, how did you do that? I said, I

follow Japanese kind of game we

have, yeah, well, that's the thing. I think I've

heard Robert say this. I've heard him speak a number of

times. And he was just really emphatic when I was like, hey,

stop listening to poor people. Like, kind of, like, like,

right? Like, you know, your family, your friends, that

people won't understand what you're doing, but if you want to

get ahead, like, again, it's funny. The second book called

Rich brain, how the wealthy change their brain to change

their bank account. It's all about the mindsets around what

it takes to have wealth. A lot of times. Like, it says 90% of

people have self of people have self sabotaging thoughts. So if

I'm a single guy and I walk into a party and I see a beautiful

woman, and I want to go talk to her, and but, yeah, my self talk

is, oh, why would you want to talk to me? Or I'm not good

looking, or I have nothing to offer, how's that conversation

going to go? Like, it's not going to go and even if it does,

it's not going to go well. And so the self talk, the habits,

the visualization. I call them whisperings, the things not just

that. We affirm to ourself in the mirror, we say to ourselves,

we whisper to ourselves when things like that happen, those

all affect our wealth as well. And so I think it's just how we

create, like, Who is the person that we're becoming is created

by our words and our in our in our visualizations. And there's

so much spirituality around that too, but it's like almost, and

this is the thing I was gonna say, is that wealthy people do

affirmations. They do visualizations. I got a survey

I'm gonna put out that's gonna kind of show this, but like

every a lot of people, like general society, thinks this is

crazy, but the wealthy people, the ones that are doing it, and

they're actually writing their goals, they're actually doing

these things that actually create wealth, and they have the

wealth. So it's, it's, you have to be okay to be a kind of a

weird person, because it's not normal, in a way. But these not

normal people are extremely wealthy and have a lot of

influence. So those are the people that want to be like, but

it's, you can't have it both ways. You can't be like,

commonly, like everybody else accepted, or be, you know, super

wealthy. You've got to like, be willing to do that

unconventional to get there

absolutely and surround yourself with, you

know, the right people I always say, you know, my big table is

you have told you we're in our 25th year. And you know, the

people that really have leaned in, they would say that we're

their financial family, because we're the place where you could

have any conversation and you go out to your biological family or

just, you know, even like you were to workplace, I was a

workplace, they don't understand. They have no idea.

They think you're odd because you want to break away. And so I

want to talk about the the fire yourself a little bit. So tell

us a little bit about that book, because I teach a process on my

YouTube channel of quitting your job in 90 days. So I'll give you

a little theory. Yeah. So my theory, it's not just theory.

I've could help 1000s of people leave their job in 90 days,

because most people say I want to replace my income. It's like,

no, that's actually not the truth. Behaviorally, if you

really break it down and say, you bring home 6000 a month and

you're working full time and you do a side hustle, which I would

like to get rid of side hustles and just make them hustles. So

my definition of that Bronson is the difference between $100,000

deal and anything less. Anything less is a side hustle. Let's get

to six figures quickly, because now you can breathe. But my

point is, like, if you bring home six, you only have to get

to three, yeah, because now you're going to quit and you're

going to 4050, hours that you, you know, had sucked over here

and left over here, and just, you know, and you put it all to

the thing you already know, how to make three, you're going to

go from three to nine or three to 12. Like you're going to go

exponentially when you give time and you're like you said, your

focus, your goals. So talk a little bit about fire yourself.

Because I love that, and I love my that. That one YouTube video

gets tons of hits because people want to leave their job, but

they can't find how to make some money. So talk about, yeah,

well, I think there's a lot of things to that.

I think that for a lot of people, it's actually not that

complex, like you just be a very simple way to explain it. But

for a lot of people, they think that they need, like, for me, I

was making over 200k a year, but I didn't have to make 200k to

me, what was my rat race number? It was like I needed five or

6000 a month. Like, if I had 70k I was pretty simply. It was, it

was kind of enough baseline for me to be able to leave it wasn't

a lot of money. And so I realized, like Warren Buffett

saying, okay, then make money while you sleep. How can I make

money? What he says, Unless you learn how to make money while

you sleep, you'll work until you die. So I started to realize

that passive income is, like, 10 times more effective than active

income. So even if you don't like, you can't leave it

immediately if you start developing that muscle. That's

like, I put money here, and then the money does the work for me,

right? I did a little bit of work to vet but it's like the

money is actually working, and it's actually creating more a

lot of entrepreneurs, I know a lot of people that make over a

million dollars a year, and yet they can't they, they don't

invest. Their investments are terrible. They put in different

Wall Street things or other things, and it's like, it maybe,

hopefully won't lose their money, but it doesn't make their

money, or they put it in bad investments. So I think that

just trying to find a way to really educate yourself, getting

out and doing it so in fire yourself, it just, you know,

really is talking about, how do you how do you develop those

muscles? How do you start developing your network.

Because, again, if you have a mentor in the space who's

another passive investor, somebody who's there who can

kind of just help along the way and kind of help, you know, here

I've worked with these guys, or, Hey, you know, you send them a

deal and they're like, I don't like it for this reason, or I do

like it. Yeah, that's amazing. So I just think those things are

great, because sharing that knowledge is super powerful. So

I think the biggest takeaway for, you know, a lot of people,

when I wrote fire yourself, it was just, you know, a lot of

these conversations of how conversations of high net worth

people that I think of a conversation with a physician

who's worth over 5,000,001 own practice, and he's in his 50s

and only done stocks, right? So he's got a financial advisor.

And I call myself a recovering investment advisor. I was a

registered investment advisor for a few years. I just

realized, like, you know, Wall Street does not there's so many

hidden fees. There's so many things we can get into that, but

there's so many things that really don't serve people well.

And so the only way people actually create and make wealth,

it's not through traditional Wall Street investing. I mean,

it might help you not lose your wealth. It basically, I'm a

glorified savings account. But I think that getting into things

like businesses, real estate, you know, debt, leverage, type

of things, these are how people become wealthy and how they grow

wealth for the long term.

Absolutely, I know you have a gift for all of

our listeners. So what do you have?

Yeah, so I've got this gift. It basically what

we've been watching the last, you know, five years, the cost

of everything have basically gone up 50 to 100% so whether

you go to the store or the gas station, whatever, everything's

just more everything's just more expensive. So start with 30 to

think about, how do you get on the other side of that equation,

and how to use inflation to your advantage? I actually wrote this

guy with that name, how to use inflation to your advantage. And

for your audience, I'll give a free gift. It's about 30 pages.

Involves some strategies of real estate, using debt, even some

things with precious metals, probably some things people have

never heard, a little outside the box. And if you text the

word inflation, to the number 33777, so it's the number 33777,

and it's the word inflation, and we'll send that to you that also

keep people updated on what we're doing. You can hear about

our investments and things like that, but look forward to

connecting

with any of your audience, absolutely. And

we both have, I say, high net worth group. So if you're in our

big table, you might be seeing Bronson, and I'm going to go

down and see him. What's fun is the night before your event that

you just invited me to my daughter and I are going to see

the aces. She is huge family. What she wants to do in

marketing is, like, be a marketing director of a

professional sports team. So we're we've been going to games

for a while. So we're gonna go hit the aces. I'm like, Oh, I'm

just gonna come on down to Orange County if we leave Vegas.

So that'll be last thing I want to ask you is, talk about the

economy today, right? A lot of people don't understand the

tariffs. They don't understand what Trump's doing. You know,

most people don't realize, like, because it got so bad, you're

gonna have to feel a little more. Pain to get to the other

side of this talk. A little bit about that just as an ending

comment.

So there's a lot there. We had a e commerce

business deal. We had raised some money for it. Was a $13

million deal. Great, high cash flow, but it sourced products

out of China, so we had to walk on it after seven months of work

and a bit of money that we put into it. But this stuff happens,

and I think that the goal really, you know, again, I'm not

in Trump's mind, but I think that, you know, to bring

manufacturing back and to call out some of these countries that

are, you know, really not playing fair in a way, we can

get into that. But I think that really, you know, the goal is to

say, how can we create more work, more jobs, more

opportunities here, and really incentivize those that are doing

things locally? So I think that for a lot of companies, it's

created a lot of uncertainty, and a lot of people are kind of

people are kind of on hold and wait and see. But if you know,

we know the long term outlook is going to be good. And so I

think, you know, Warren Buffett will say, I love quoting him,

but he'll say that, you know, short term uncertainty is the

front of the long term investor, right? It's kind of a

paraphrase, but it's like, if I know things are going to go

well, long term of the business or real estate, then you know,

the short term uncertainty may give me a deal on it, so it

can be good. Yeah, I agree. Bronson has been

great to be with you. Great to meet you. Look forward to

continuing our I mean, it's just a relationship and knowledge and

helping people get what they want. So thanks for being on

today. Thanks so much real pleasure, Laurel.

Thanks so much. And the rest of you, if

you are out there, you have any question on

any topic of money. You guys go to ask Laurel, A, S, K, L, O, R,

a, l, ask a question, make a request. We'll be back within

the day or 24/7 around the clock in my new this is other fun

thing bronze we're doing is I have an AI Laurel. So there's

me, and I don't work that much, but I have aI Laurel. She works

24/7 all the time. Yeah. Now 24/7 with our new friend AI

Laurel, so you will all be hearing from her, and it sounds

just

like me. It's shocking. That's awesome. I love

it. Go check that out.

You guys. Take care and have a great day. I'll

talk to you all next Friday on the next episode of laurels.

Real Money Talks. You.