Strive For 25

The Four Pillars of Wealth with Mike Swaleh

Episode Summary

Returning guest Mike Swaleh, reviews the 4 different ways you can grow your wealth as an investor. Mike and Joel discuss past housing market trends and what they expect in 2023!

Episode Notes

"If you're not buying real estate you're not keeping up with inflation. So do you want to lose, or do you want to keep up?” - Mike Swaleh

Episode Summary:

Returning guest Mike Swaleh, reviews the 4 different ways you can grow your wealth as an investor. Mike and Joel discuss past housing market trends and what they expect in 2023!

About Mike Swaleh:

Mike Swaleh is a serial entrepreneur with over six businesses. He has been in the mortgage industry for over 15 years and he is the area manager for Fairway Mortgage with 3 branches (2 in St. Louis, MO and one in Destin, FL). He is a great storyteller and a great leader.

In this episode:

The mindset of an active investor
The housing market influx
Acquiring real estate assets
The four pillars of wealth building for investors
Investing in a rising rate economy
Normalizing the housing market
Assets vs. debt
Rate expectations for 2023

Key Takeaways:

Always learn from your mistakes.
Increasing your debt, to increase your income by a greater amount, will pay off.
Learn from those who have come before, and rely on their expertise.

Connect with Mike Swaleh:

Connect with Joel Farrell:

Audio and show notes by Premier Podcast Promotions