In this podcast episode, Steve and Kevin discuss the significance of time in real estate investing. Steve shares a personal experience where they purchased a building despite rising interest rates, focusing on the long-term benefits over short-term market fluctuations. They emphasize that time is a powerful wealth creator when paired with real estate, highlighting how patient investors who stick to their plans often achieve substantial financial success. Kevin supports this idea with personal anecdotes, including how his own home’s value significantly increased over time and his son’s property investment that yielded strong returns after eight years. The discussion reinforces the idea that real estate investments, combined with time and a clear plan, can lead to significant financial growth despite economic challenges.
0:00 Intro
3:29 Purchasing Despite Rising Interest Rates
8:40 Time
15:46 After 8 Years
23:05 Plan
00;00;01;19 - 00;00;05;27
Kevin
All right. Well hello everybody, and welcome to replace your income with Kevin. And.
00;00;05;29 - 00;00;08;25
Steve
My name is Steve high seven. If you've forgotten that already.
00;00;08;28 - 00;00;13;10
Kevin
I see that's why I always pause with Kevin. And because I always forget.
00;00;13;10 - 00;00;15;26
Steve
Yeah, that's what I figured. But, you know,
00;00;15;29 - 00;00;21;15
Kevin
And so thank you for the reminder. I'm glad. I hope everybody watching and listening. Now, finally knows who you are.
00;00;21;18 - 00;00;27;27
Steve
Yeah. And, you know, we've only been working together for, like, almost 16 years.
00;00;27;29 - 00;00;31;11
Kevin
We and I think we even coauthored a book together. There's a chance.
00;00;31;14 - 00;00;32;26
Steve
A couple of books, actually. Okay.
00;00;32;26 - 00;00;54;15
Kevin
No, that's true. Dude. So speaking of books, so on Sunday, you know, my my ten year old Brody, he asked to read a half hour a day, and he thinks it's cooler than anybody else in my family. That his dad's an author of some sort, right? Nobody else could care. He cares. Yeah, he actually think it's cool and and so on Sunday, we were like, buddy, you got to read.
00;00;54;15 - 00;01;02;22
Kevin
You know, you're 30 minutes today. And he goes, I know a book I'm going to read. And he goes and grabs a copy of Micro Wins to Millions and sat on the couch and read it for like a half hour.
00;01;02;22 - 00;01;03;17
Steve
That is cool.
00;01;03;17 - 00;01;22;22
Kevin
That's awesome. I know, it was like I got a picture on my Instagram of him just he doesn't like it when we take his picture unless he gives us, authorization. So like when we're hiking in Moab, I had full authorization. But in normal everyday life, I do not have authorization. So I took a picture of him holding the book in front of his face, sitting on the couch reading it.
00;01;22;22 - 00;01;23;29
Kevin
So? So it's on Instagram.
00;01;24;06 - 00;01;30;02
Steve
You know, I have a newly found respect for Brody. He he that is, he.
00;01;30;02 - 00;01;50;15
Kevin
Knows that, in fact. So he the other thing he did, I can't remember I mentioned this before. I think I might have he has, you know, we have Alexis that, that our kids will listen to. And he, he got mad because he kept on asking Alexa to play micro Insta millions on audible, and it wouldn't work because we haven't recorded it yet because he wanted to listen to it.
00;01;50;15 - 00;01;56;26
Kevin
So anyway, he is excited. I don't know if anybody else is excited about the book besides you, me and him, but but he is excited. That is.
00;01;56;26 - 00;01;57;04
Steve
Cool.
00;01;57;06 - 00;02;11;27
Kevin
Well, today we have kind of an interesting topic. So this is something that we've been I think the topic today is, is simply this, that that time takes care of everything when it comes to real estate, even.
00;02;11;27 - 00;02;12;02
Steve
Real.
00;02;12;02 - 00;02;12;21
Kevin
Estate.
00;02;12;24 - 00;02;14;29
Steve
All the rules, all of life in general.
00;02;14;29 - 00;02;35;25
Kevin
But but this, this we know that time is the only kind of finite resource. But I don't think that we give time. It's it's due credit when it comes to the role that it plays inside of wealth building. In fact, for those of you who listen to the podcast regularly, you might have remembered when I had Braxton on the podcast.
00;02;35;25 - 00;02;54;25
Kevin
And, we've been doing some job shadowing. And as I was driving around trying to explain real estate to him, because it was the first time that he kind of wrapped his mind around, I let him know. I said, okay, so you know, I might have asked him on the podcast, like, what is the most important aspect of real estate?
00;02;54;27 - 00;03;12;24
Kevin
And I would just ask anybody that question, if you ever can say if you're if you listen this podcast, if you've read it, real estate books, if you're in real estate, what is the single most important aspect of real estate? And you'd probably get a whole bunch of answers like it's where you buy. It's the price, it's the cash flow, it's the interest rate, it's the tax advantages.
00;03;13;00 - 00;03;29;19
Kevin
And all of those are profit centers. But the number one thing that is the most critical piece of every piece of real estate and every real estate portfolio, at least the way that we view it and the way we wrote about it in the book is quite simply time.
00;03;29;21 - 00;03;48;04
Steve
Yeah. Well, you know, it's it's interesting when I contemplate time and I think about it, I had an experience today, even when we first started the process. Like this building took more than a year to close from the time that we put it in the contract to the time that we moved in was just over a year. Like it took that long.
00;03;48;04 - 00;04;16;29
Steve
Yeah. And and it's because like the, you know, the financing part and then the rehab and the and the build out and that kind of thing. But just closing on the building itself actually took about seven months. And during that time, the interest rate on this property went from about six and a half, 7% to ten. Yeah. And three percentage points on a building this size and on the mortgage that we have on it.
00;04;17;02 - 00;04;22;03
Steve
Pretty substantial. Yes. And so as I was looking at it, reviewing it, you know, the by.
00;04;22;03 - 00;04;29;10
Kevin
The way, when the interest rate went up on this building, we just bailed, right, because the interest rate went up. So we said, no way we're not going to buy. Is that what happened?
00;04;29;12 - 00;04;48;18
Steve
Yeah. So I would swear to you right now. But I don't swear. So, and the reason why I would I say that is because, like. No, no, like, like this is one of the best investments that we've ever made. Like, we've done a lot of single family homes and and, you know, I decided to take that that leap.
00;04;48;18 - 00;05;09;14
Steve
We kind of felt like it's like, look like we're in the real estate business and we're just we've been leasing office space forever. Yeah. It's like it's time for us to. I know that our strategy is single family homes and that has been our thing, but we're savvy enough and and, you know, it's competent enough that we could kind of diversify a little bit.
00;05;09;14 - 00;05;21;12
Steve
And so we decided to buy this building and felt like it was in alignment with who we are. And, you know, our business of being in the business of real estate. And and so it's like I say like, no way would we ever bail on this. Yeah.
00;05;21;12 - 00;05;28;05
Kevin
Like it was never it didn't even come up. Like, I don't even think we had a discussion on, oh no, the interest rates gone up. It was like we're moving at 3%.
00;05;28;10 - 00;05;47;21
Steve
Yeah. No matter what. Yeah. Like in all the way, like from like even the, the scarcity of supplies to do what we wanted to do and the cost of building. Yeah. Building out the whole thing like, like this is one of those things that and we're going to talk more about this later is that time.
00;05;47;24 - 00;06;03;19
Steve
When we look back on this five, ten years from now, 15 years for about 20 years, whenever that's right in, in in time, we're going to look and say, even though the economy did what it did, this was one of the single best things that we ever did was to stick to it and and to make it happen.
00;06;03;21 - 00;06;30;05
Steve
And so anyways, as I was going through the panel, I was looking at obviously, you know, the mortgage was a lot higher than, what we anticipated it being, but what it has done for us in looking at the piano, looking at our, balance, sheet. And so it it's like even in the first year of doing business, in this office space, because we rent out some additional space, right, that we don't use.
00;06;30;07 - 00;06;47;09
Steve
It's been a phenomenal investment, Kev. And it's only been the first year. And as I extrapolated out, because I did, I was like, okay, I'm going to take a look and see where we're at like five years out. And so I did this little projection. And on top of that, I took a look at our property analysis, which projects ten years out.
00;06;47;09 - 00;06;59;04
Steve
And I was like, it was just a reminder. It's like, Holy cow. Yeah. It's like, yes. Like I remember exactly why we wanted to do this. And exactly what this is going to do for. So anyways, like time is, is all it needs.
00;06;59;05 - 00;07;25;17
Kevin
Well, here's what's so interesting about that. What you just said. So if you think about it in this term that the, the, the real estate that we do, it's about the long term plan more than it is about the short term market. Right. And what I mean by the long term plan as opposed to the short term market, is I think that, as humans, we have a tendency to get sort of very, is myopic, the word where we, we kind of look more granular.
00;07;25;17 - 00;07;46;28
Kevin
Right? It's like, what did I do last month? What am I doing this month? What's happening in the market next month? And but those are all really sort of immediate things, immediate concerns when we can when we can zoom out and we take a look at it over the long run, it always makes sense. So, I was at an event last Friday, with our good friend Ryan Lee.
00;07;47;05 - 00;08;14;23
Kevin
And one of the things that I noticed about the way that he's always viewed his real estate is that he started buying as soon as he could. And time has been the single greatest wealth creator in his entire business. And I would like everybody to listening to consider that that time is the single, single greatest wealth creator that you have now granted, time by itself, not attached to anything.
00;08;14;29 - 00;08;40;10
Kevin
Is it going to do much for you? But if you go and buy real estate and then you give it time, which means you have to do something that is completely counterintuitive, you have to be patient. And because we are immediate people and we love to have immediate results, and that's why there's all the fast food restaurants and there's Amazon and two day Prime, you know, shipping and there's, you know, DoorDash and UberEats.
00;08;40;10 - 00;09;00;26
Kevin
So that we save time. We we've invented all of these ways to save time. And we think that that what we're doing is we're we're giving ourselves more time. Right? That's why we invent time saving things. But what's interesting is why would we invent technology as humans? Why would we invent technology? Why would we invent things that quote unquote, save time?
00;09;00;26 - 00;09;44;05
Kevin
It's because we understand that the single most valuable resource that exists is time. Time is the wealth creator. When it's attached to something that's a medium for wealth creation. And so with real estate, when we take a look at real estate and, we've done it a billion times on this podcast and, you know, in content that we've done, I just I always think of my parents home and I just always think about the fact that had they not bought in the 60s and waited and just waited and waited and waited, every financial concern that they had looking towards, retirement was solved because of time, because they attached they, they when they purchased a
00;09;44;05 - 00;10;12;02
Kevin
home, they, they clicked on the, the, the time, counter. That was the real wealth creator in association with that real estate and I think that that's important is because we get myopic as investors. And I think just as people, we're so hesitant to to take action on certain things, especially when it comes to a big purchase like real estate, because we are afraid of the immediate financial sort of concern.
00;10;12;05 - 00;10;29;03
Kevin
If there's a way that we can weather whatever the storm is that may come. Time is the most valuable piece. Which brings us back to why we should always be buying and why we went forward with this building. Steve, why we didn't talk about, oh no, the interest rate has gone up. Oh no, we can't go find all the materials that we want to do the build up.
00;10;29;06 - 00;10;44;18
Kevin
We wanted to click on the ticker so that the time, the wealth creation of time could start, because we closed on a piece of property. And now that time is what's going to be the, the deciding factor as to whether or not we're going to be successful with this property.
00;10;44;20 - 00;11;26;02
Steve
Well, and the other word that goes really well with time is plan. Yeah. Having having a plan. And I think that that's the key because the thing that fluctuates is economic conditions. The thing that fluctuates is the value of real estate interest rates. You know, just world events that that affect everything that's going on. And as we were talking about this earlier this morning, when I came into the office, we had a in a kind of an impromptu conversation and that when we look at our clients who have had tremendous success over the last 10 to 15 years, it's those individuals who came to the table.
00;11;26;05 - 00;11;49;09
Steve
We helped them create their plan. And regardless of what the market conditions were, they forged ahead. Yes. Whether it was like those who got started with us in 2007 and then the crash happened 2009 ish. You know, but they kept going. They kept moving forward as they had the resources as their properties, you know, had, you know, equity in them such that they can move forward.
00;11;49;11 - 00;12;11;24
Steve
There was there was no pan act, and they, they didn't change what it was that they did because they could see kind of that long term vision of what this was going to do for them. So instead of letting the economic conditions dictate their plan, what they wanted to do, it may have changed things, but in a matter of months, maybe even a year, whatever.
00;12;11;24 - 00;12;34;00
Steve
But as they were able to, they stuck to the plan of going from 1 to 2, 2 to 4, 4 to 6, six to 8 or 10 and just moved forward that way. Regardless. And now, like, what has what they've been able to achieve and accomplished in combination with the plan and with their time is they've accomplished and achieve this economic independence.
00;12;34;00 - 00;12;56;26
Steve
Now we also have some clients who who word, you know, and you can't blame people for fear, having fear and that kind of a thing. Yeah. It it happens in circumstances change. But, those who who did they got out of the game, without exception, kept those individuals who have come back to us and said, I am so sad.
00;12;56;26 - 00;13;19;27
Steve
I'm so mad at myself that I pressed pause for the last eight years, like what could have been my whole life. My whole world could be different today. It it boils down to those two things, you know, having that plan and doing everything in your power to stick to it. And that time that allows things to, you know, to happen.
00;13;20;03 - 00;13;33;15
Kevin
Yeah. So I was as you were talking, I was thinking about the fact that today actually is, pretty much exactly four years from the time that I closed on the home that I moved into four years ago. Right. Those.
00;13;33;23 - 00;13;34;10
Steve
Four years.
00;13;34;10 - 00;13;53;09
Kevin
Ago. But, yeah, that crazy, right? Is 2020. The only reason I know that is because, the day that we closed on the home was the same day that my wife and I had our first date, which was September 2nd. Right. And we're recording this on September 3rd. And so yesterday we, we're at Lagoon Amusement Park celebrating our 18 year date of versary.
00;13;53;09 - 00;14;14;21
Kevin
Our first date anniversary. But that's also the day that we closed on our home four years ago. Now, now, here's what's interesting. Okay? My interest rate on that home is 2.875. Okay. The down payment that I used for the home, I can't remember what it was now. It was probably. I don't know, between 40 and $60,000, something like that.
00;14;14;24 - 00;14;44;23
Kevin
When I look at, okay, there was a down payment, there was an interest rate. But the wealth that's been created inside of my home has only been created not because the interest rate was at 2.75, and not because of the amount that I put down on the home. The only thing that's created what is now, like over nearly $250,000 of additional wealth that magicked into my life.
00;14;44;25 - 00;15;12;01
Kevin
Technically, more than that, because, you know, we've utilized a lock from the home to go and buy additional real estate like this building. Right. So, but what's interesting is if I take a look at the wealth that's been created over the last four years, right? Between multiple investments and just in my primary residence, it so far outweighs what it was as a down payment, and the interest rate did not matter.
00;15;12;08 - 00;15;29;18
Kevin
The thing that mattered was I bought at a time when the market was starting to go crazy. Interest rates were low. People were like, oh no, what am I going to do? People were offering way above asking for homes, but timing wise I was like, we are going to buy our new primary residence now, similar to us looking at the building.
00;15;29;24 - 00;15;46;15
Kevin
And so the largest wealth creator, because it was attached to real estate, has been time. Now look, people trying to break into the housing market today they are $200,000 behind the eight ball right has more than they would have been four years ago. Yeah.
00;15;46;18 - 00;16;10;24
Steve
Well, so let me share another experience that I had. Also yesterday, so my son and his wife and their four kids, my grandsons have been hanging out with us for the last month, actually. So they live in New York City, Manhattan, and they came and spent a month with us. And, my son, I've shared his story and he's got several properties.
00;16;10;24 - 00;16;29;19
Steve
Well, one of his properties is in Provo, Utah, which is like a 15 minute drive from here. And, he needed to go down there. He just did a little bit of a remodel in the basement, and, and so he's been doing just miscellaneous things while he's been in town. He's like, hey, hey, dad, do you want to come down with me?
00;16;29;19 - 00;16;44;23
Steve
There's this one sprinkler I need to fix. It's hitting this window. Or I was like, yeah, sure, I'll go down there with you. And so we we did some fix up and stuff and as like as like. Dan, what did you buy? When did you buy this home? And he's like, it's been like eight years now. And I was like how much did you pay for it?
00;16;44;26 - 00;17;04;26
Steve
And this is all brick. It's, upstairs. Downstairs. Right. It's it's it's a single family home with a, with a legal accessory apartment in the basement. And, he's like, I paid 205,000 for it. It's like 2 or 5. What? And, knowing that is worth a lot more than that is like. Well, have you looked at it recently?
00;17;04;26 - 00;17;25;25
Steve
Like, would like, what's it worth? He's like, I know exactly what it's worth. He's like, you know, his his wife takes care of all the books and the properties and stuff. And it's we're somewhere between 550 and $600,000 saying, like, in those eight years, you know, he's seen an increase of somewhere between 3 and $400,000. And on the rent side.
00;17;26;02 - 00;17;47;29
Steve
So he's had like, like he's got a set, you know, interest rate. So it's payments been the same when he lived like he lived in the basement rented upstairs when he first when he moved out and he first started renting that apartment out, he was getting like, 750, you know, $800 a month. You know, it's been eight years.
00;17;47;29 - 00;18;12;12
Steve
So it's been a long time. Yeah. Like that accounts for a third of his life because he's only like 30, 32. And, but during that time he just rented it out, like the first for the 1st of September. So literally like a couple days ago, rented it out for $1,500. It's doubled. Yeah. Just the but just the basement.
00;18;12;12 - 00;18;33;18
Steve
Yeah. It's amazing about doubled in those in those eight years. Yeah. And so his cash flows has increased obviously his values increase. But the biggest thing is like again this this this time giving something time like he has some student debt because he went to law school and it is fairly expensive.
00;18;33;19 - 00;18;36;17
Kevin
Which law school did he go to again?
00;18;36;20 - 00;18;39;10
Steve
Somewhere in Boston. You know, he went to Harvard Law.
00;18;39;10 - 00;18;40;05
Kevin
School, Harvard.
00;18;40;05 - 00;19;02;10
Steve
Ballard, and, you know, I've kind of said to him a couple times, it's like, are you tempted at all to sell one of your properties and just pay off your student loans instead of, you know, having to take a big chunk of his monthly income to pay these off? And he's like, I will never sell these properties, meaning he'll sell and buy it, but he's going to keep that, but.
00;19;02;10 - 00;19;03;26
Kevin
Not what he said. Yeah, take the cash.
00;19;03;26 - 00;19;24;16
Steve
Yeah, exactly. He's like, he's not going to use that to pay off his debt. Yeah. Because it's like that. It's like I'm just going to I'm going to pay off my student loans from my income because I've got my plan I this is my plan that he turned down the his 401 K option with the firm that he's with because he's, he's using all his money.
00;19;24;16 - 00;19;42;06
Steve
He's a one trick pony. It's all real estate. Yeah. And he gets it. He understands, like, double, doubling down on real estate, and he gets what his real estate will do over time. And he's already, like, he's already extrapolated it out. He's already. He's like, I know the end is like, I know the end for the beginning to end.
00;19;42;06 - 00;20;03;27
Steve
It's like, I already know what this is, what my portfolio is going to be when I think I'm going to be ready to retire. He's like, I will never get rid of my real estate. Yeah, because of all the benefits, the many different benefits, in addition to the cash flow and the appreciation he's got, the depreciation, he's got the principal pay that like that's the other thing is, is that home?
00;20;03;27 - 00;20;38;24
Steve
Over the last eight years, the principal has been paid down like 50 something thousand dollars. Right. So like, he's got all of these things, going on. And so, again, it boils down to those two things. Time and a plan. And then, of course, maybe the third element that we could add to this, Kevin, is, a willingness to be stubborn at at executing that plan and sticking with it because there are so many things that, that, that come up that can derail us.
00;20;38;27 - 00;20;58;26
Kevin
Yeah, 100%. I you know, I was thinking about the I so if the plan is I want to create wealth in real estate, that's the plan. Then you don't deviate from that plan. You stick to the plan. And the plan should be a long term plan. Because if it's a long term plan and it's associated with real estate, it will be a wealth creator.
00;20;58;29 - 00;21;19;13
Kevin
Like when I just think of the elements, the fluctuation. So I you know, we were talking earlier and we kept saying it's the plan, not the market, meaning the plan and the time are the most critical aspects, not necessarily where you buy or what the interest rate is or what the purchase price is right, or what the market is doing.
00;21;19;13 - 00;21;48;03
Kevin
It's it's, a number of things that come together, but it's having a plan, being stubborn and sticking to the plan and giving that plan time. That's the wealth creator. Like when I think of the home that I grew up in, I just go, look, okay, so it was purchased in the 60s. I mean, we went through how many different economic downturns Republican, administrations, Democratic administrations, interest rates from single digits up to much higher, double digits, back to single digits, down to low single digits, back to mid digits.
00;21;48;03 - 00;22;12;09
Kevin
Right. You had multiple recessions, you had a double recession, you had, you know, a global pandemic. You had, you know, wars. Yeah, yeah. Multiple wars. You had, oil crises. You had I mean, you had inflationary periods. Like it literally didn't matter that you could put all of that stuff together, put it in a blender and mix it up.
00;22;12;16 - 00;22;33;25
Kevin
And what pours out of it is never going to be, a a is never going to sort of offset the wealth that could be created based on the time that you can give a plan. Right. And that is just I hope that people listening are just seeing it through the lens of like, look, you've got to have a plan.
00;22;33;25 - 00;22;48;02
Kevin
So look, if you don't have a plan, what's step one? Well, you got to get a plan. And that's why we do game plans with people. Right. It's like let's look at where you're at. Let's look at where you're going to in the book. There's a chapter where we talk about, you know, it always the plan always starts right where you are.
00;22;48;03 - 00;23;05;07
Kevin
Right? It doesn't matter where you are, it doesn't matter how much you own or how much you don't own. It doesn't matter how much you make or how much you don't make. There is a plan that you can create. Starting this moment in order to acquire real estate. So if you're looking at it and you're going, I'm really wanting to get my next property, I want to get my first property.
00;23;05;11 - 00;23;26;10
Kevin
There is a plan to get there, but you have to have a plan put together and then you have to religiously commit to that plan. And if you will commit to that plan and give it the time that it needs, you will create wealth in real estate, period. Full stop. No ifs, ands or buts about it. Time is the great wealth creator.
00;23;26;10 - 00;23;48;18
Kevin
We just have to then, be able to leverage time. And the way we leverage time is we leverage time through an asset like real estate. Time won't make you a dang thing if you just sit on your butt and wait for something to happen. But when you get off your butt, do a thing like create a plan and get that first or next property and then give it time.
00;23;48;18 - 00;23;51;29
Kevin
That's how you leverage time, not just let time leverage you.
00;23;52;06 - 00;24;14;26
Steve
I love it, Kev. And I mean, the thing is, time is something that you can't get back. It's most valuable commodities. It's one of those things that, you know, you can't get back. But the cool thing about time is, is that you get to get started, like now and then you can begin to let you know time work its magic.
00;24;15;03 - 00;24;41;29
Steve
It's like when you said what you said those words, it's like, yeah, but that house four years ago was like, what? What? Yeah, 40 years ago. Like literally like literally. Yeah. That it seems like just yesterday. And I know everybody listening today. They get it. They understand, because they, we all experience it the same way. We all look back, you know, and, and can't believe like where, you know, where the time has gone.
00;24;42;02 - 00;24;55;06
Steve
You know, I think about Justin who, who produces this podcast and he's like, I don't know, 12 and maybe he's older than that because him and his wife just had a baby. Yeah, I.
00;24;55;06 - 00;24;58;04
Kevin
Think he's older, but barely. He's barely, barely. Yeah.
00;24;58;06 - 00;25;16;29
Steve
But, you know, when you're younger, it just seems like, like time goes slower. And as you get a little bit older, it tends to go more quickly. But here's the here's the beautiful thing is that even after we're gone, time is going to continue to, well, like time is is it's a linear, you know, invention of man.
00;25;16;29 - 00;25;57;14
Steve
Right? Yeah. Where, you know, to us, time is very linear, and we've got kind of a beginning. We got an end. But the reality is, is that when we're gone, time will continue on this earth and that that's where you can create this generational wealth. And if you have that plan, if you teach your posterity or whoever you're leaving your wealth to like, man, that is something that can create an in-depth net amount of benefit for those who come after or for, you know, for, charities that are ongoing in perpetuity.
00;25;57;16 - 00;26;15;28
Steve
Well, whoever you end up believing, you know, your properties or your wealth too, and we won't get into all the benefits that that happened during during that transition from your life to the net to somebody, you know, to somebody who's still here. But, man, like, from that standpoint, real estate is timeless.
00;26;16;00 - 00;26;34;28
Kevin
That is for sure. And because time is such a valuable commodity, we're not got to take we're not going to take any more of it up. Okay. So listen, if you don't have a plan, get a plan. Once you have that plan, stick to that plan and understand it is a long term plan. Then give that plan the time that it needs and you will create wealth.
00;26;35;04 - 00;26;54;07
Kevin
It is the great wealth creator if you will leverage it the right way. And we think that the best way to leverage it from a wealth standpoint is in the incredible vehicle of real estate. So if you don't have a plan, get a plan. If you need a revised plan, revise your plan. And if there's any way that we can serve you or help you, that is what we are here to do.
00;26;54;10 - 00;27;03;23
Kevin
Get a plan. Stick to the plan. Give it time. You might just get wealthy. That's all we have for you. Thanks, everybody, for joining the Replace Your Income podcast. We'll see you real soon.
00;27;03;26 - 00;27;07;00
Steve
Thanks, everyone. And.