430. Everyone Has a Plan Until a Bus Falls Through Your Ceiling
Dec 11, 2023
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Whitney Elkins-Hutton, expert in smart investing and wealth management, shares her unique investment strategies and the philosophy behind them. She discusses building multi-generational wealth, steps to build resiliency, strategies for getting out of your head and into action, and creating truly passive income. She also emphasizes the importance of mindset and personal development in wealth building. Tune in to learn how you can strategically manage your investments for long-term success.
Creating passive income through investing in assets that generate cash flow without requiring significant time and effort is crucial for long-term wealth building.
Maintaining patience, taking consistent action over time, and celebrating small milestones are essential for building long-term wealth and achieving financial success.
Deep dives
Creating Passive Income and Building Wealth
Whitney Elkins-Hutton, a successful investor and author, discusses the importance of creating passive income and building long-term wealth. She emphasizes the need to shift from active income to residual income by investing in assets that generate cash flow without requiring significant time and effort. Whitney shares her own journey in real estate investing, highlighting the incremental steps and mindset shifts needed for success. She also addresses the common challenges and misconceptions surrounding wealth building, encouraging listeners to maintain patience and trust the process. With a focus on her book 'Money for Tomorrow', she outlines the four fundamental strategies to create, keep, grow, and pass on wealth, providing actionable insights for listeners to implement in their own financial journeys.
The Power of Long-Term Thinking in Wealth Building
Whitney Elkins-Hutton emphasizes the importance of long-term thinking when it comes to wealth building. She discusses how many people become impatient and seek quick results, but the true path to financial success requires consistent and persistent action over time. Whitney shares her own experience of starting small and gradually scaling her real estate portfolio, reinforcing the idea of compounding growth. She offers advice on setting realistic expectations, celebrating small milestones, and maintaining focus on the ultimate goal of building long-term wealth.
Navigating Obstacles and Embracing Continuous Learning
Whitney Elkins-Hutton acknowledges the obstacles and challenges that arise in the wealth-building journey. She shares personal stories of setbacks, such as dealing with property management issues and unexpected events like accidents and natural disasters. Whitney emphasizes the importance of resilience, resourcefulness, and continuous learning in overcoming these challenges. She encourages listeners to adapt and find solutions while trusting the process. By embracing a growth mindset and constantly learning from experiences, individuals can navigate obstacles and move closer to their financial goals.
Taking Imperfect Action in Wealth Building
Whitney Elkins-Hutton advises listeners to take imperfect action when it comes to wealth building. She highlights the significance of not waiting for the perfect moment or trying to have all the answers before taking action. Whitney shares her own experience of making imperfect decisions and course corrections along her journey. She emphasizes that taking action, even if it feels scary or imperfect, is essential for progress. By being open to learning from mistakes and adjusting along the way, individuals can move closer to their financial goals and achieve long-term success.
Are you ready to dive into the world of smart investing and wealth management? Today's episode of The ONE Thing Podcast is sure to enlighten and inspire you.
We're thrilled to welcome Whitney Elkins-Hutton, a veritable powerhouse in the investment world. As the Director of Investor Education at passiveinvesting.com, co-author of the international bestseller "Resilient Women in Life and Business," and a partner in an astounding $800 million-plus real estate portfolio, Whitney's expertise is unparalleled.
In our conversation, Whitney shares her unique investment strategies and the philosophy behind them. She delves into the key concepts of her book "Money for Tomorrow," a simplified, step-by-step guide to growing and maximizing your wealth. Her approach to investment is not only accessible but aligns seamlessly with the principles of The ONE Thing philosophy.
Whether you're just beginning to spark an interest in investing or are well on your journey, Whitney's insights offer valuable takeaways for everyone. So, tune in now and learn how you can strategically manage your investments for long-term success.
To learn more, and for the complete show notes, visit: the1thing.com/pods.
We talk about:
Building multi-generational wealth
The steps to build resiliency
Strategies for getting out of your head and into action
