The 4 Pillars of Wealth Generation with Whitney Elkins-Hutten, Ep. 408
Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com. She is a partner in $700MM of real estate including over 5k residential units, and more than 1400 self-storage units across eight states. She also has experience flipping $3 million dollars worth of residential real estate. We talked to Whitney about the four pillars of wealth generation and passive investing. Announcement: Get Your Ticket for MFINCON and Save $200 using Promo Code: CASMON [00:01 – 07:30] Opening Segment Whitney talks about her background. She talks about how she got her title and what she does; She talks about how she got into real estate; The things that led Whitney to educate herself. How she started investing in both the active and passive side. [07:30 – 18:41] Four Main Pillars of Wealth Generation Some key lessons for investors; Four main pillars of wealth generation; The importance of understanding the different ways real estate can be a value; Some of the things you should do before quitting your professional career to start investing; [18:41 – 30:58] Passive Investing Some of the challenges that typical investors face and how Whitney helps them navigate; The reasons why you should start investing passively and why you shouldn’t; Some lessons learned through passive investing. How passive investing can give you the time you need; Announcement: Download Our Sample Deal and Join Our Mailing List [30:58 – 36:12] Round of Insights Apparent Failure: Not removing herself from the equation in property management. Digital Resource: Stessa Most Recommended Book: The One Thing Daily Habit: Exercising #1 Insight for Commercial Real Estate The four pillars of wealth generation Best Place to Grab a Bite in Colorado: McDevitt Tacos Contact Whitney: To learn more about Whitney go to her website. Tweetable Quotes: “If you go right to the end milestone, you may not get started” - Whitney Elkins Hutten Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.