8 Minute Millionaire: Learn the Secrets of Millionaire Entrepreneurs

227. I Bought a Horse! Why I'm investing in Horses, and How Better Understanding ROI Can Help You Spot Opportunities You May Otherwise Miss!!

Jul 14, 2023

Janelle, an equine entrepreneur, dives into the fascinating world of horse investing, sparking a conversation on spotting unique opportunities. Discover how she and her co-owner tackle the challenges of managing a horse training program while emphasizing ROI and the potential profit from horses like Fergi. They explore equestrian economics, including cost management and revenue strategies, making a compelling case for horse ownership as a lucrative investment. Get insights on the balance between risks and the rewards of investing in passion projects!

41:18

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Episode guests

Janelle

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Episode notes

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Quick takeaways

Investing in horses, like the co-ownership of a barrel race horse, requires an understanding of ROI to spot lucrative opportunities.

A strategic approach to pricing and managing horse training lessons can optimize profitability and result in significant net income.

Deep dives

Introduction to Horse Investing

Investing in horses can be a lucrative venture if approached correctly. Understanding the return on investment (ROI) is crucial for identifying profitable opportunities in this niche market. For instance, the podcast highlights an investment in a horse named Fergie, where initial costs were around $7,500, with ongoing expenses roughly totaling $700 per month. This foundational knowledge empowers potential investors to navigate the complexities of equine investment with confidence.

Intro

4min

Expanding Horizons in Equine Management

2min

Equestrian Economics: Managing Costs and Investments

15min

Exploring Horse Investment Opportunities

13min

Investing in Opportunities: The Financial Journey of Horse Ownership

6min

Understanding Investment Risks and Time Returns

3min

I just bought a horse! You heard that right! NOT house...HORSE! :)

I was recently talking with my sister in law Janelle, and I was asking her about her horse business. We got talking and I could smell opportunity for her and me! Now here we are a few weeks later and I'm the proud owner (co-owner) of a beautiful baby barrel race horse names Fergi!

More importantly in this episode I take you inside of my brain and what I was looking for during this call. How I was quickly able to spot the opportunties that were available. I also help you better understand ROI (Return on Investment) and how understanding this has made me a lot of money and helped me to better spot opportunties and structure deals and I teach you how you can do the same!

This isn't something I talk about a lot in too much detail but want to talk about more in future episodes. Please reach out to me and let me know if you grasped the concept and let me know of anything I can clear up in the future! As always you can reach me at justin@millionaireuniversity.com

Enjoy the episode! and please share it with a friend!

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