I spent most of last week in Dallas attending the Collective Inner Circle’s Q3 mastermind meetup followed immediately by Ken McElroy & Tarl Yarber’s Limitless financial freedom expo.
It was a jam-packed 5 days, full of problem-solving, networking, excellent presentations, and good food (of course). So today I’d like to briefly share a few takeaways from the trip.
💸 Acquisition Mode
I wrote a couple of weeks ago that the real estate market sentiment seems to be shifting, and the overall “vibe” from the week seems to further confirm that.
Many investors are in all-out acquisition mode, including Ken McElroy, who has publicly proclaimed his goal of buying $1 billion of real estate in the next 12-18 months.
And Ken isn’t just saying this for clickbait either — his team closed a $90M acquisition early last week, and debuted their newest acquisition in a private reception at Limitless: a smaller (by their standards) $20M deal that they just got under contract.
And Ken is far from the only one aggressively acquiring new properties – I spoke with several other active investors of varying size, and all described themselves as being in acquisition mode.
📊 Market and Psychological Cycles
Experienced single-family home investor Jason Hartman highlighted the lag between the actual market cycle and the investor psychological cycle.
Serious, long-term active investors recognize that we’ve reached a turning point and are starting to buy again, while the general public (including many passive investors) remains hesitant to jump back into real estate deals.
While there are no guarantees in life, history favors those who take action during times when these cycles are dislocated.
⛽️ Preparedness
Robert Kiyosaki attended the Collective mastermind, and announced that he had joined as a member. This was an exciting (and unexpected) development, and I’m looking forward to spending more time with him and gleaning more of his wisdom.
And speaking of, Robert shared his Five G’s of Preparedness during a discussion about being ready for any possible outcome. I’m sure he’s shared these before, but it was my first time hearing them.
They are:
Grub (food)
Gold (store of wealth and bartering tool)
Ground (real estate, preferably “defensible” real estate)
Gas (to power vehicles, generators, and other equipment)
Guns (including ammunition, which itself can be bartered)
🛢️ Oil & Gas + Critical Thinking
Dr. Chris Martenson of Peak Prosperity spoke at both the mastermind and Limitless, covering completely different topics at each.
His presentation at Limitless was focused on oil, and deepened my conviction that oil and gas investments have a place in every cashflow-loving investor’s portfolio.
Side note: I’ve been looking to bring oil and gas investment opportunities to Big Spring Capital investors, and recently invested my own capital with a potential future partner as a test of their suitability. I look forward to sharing more on oil and gas investments, particularly their typically-high cash flow and unbeatable tax benefits, in the near future.
At the mastermind, Chris discussed a topic he’s been focused on recently. The details aren’t relevant here (look up his YouTube channel if you’re curious), but he made a side comment that really stuck with me: the importance of self-red teaming.
The concept is that for any belief or idea (an investment thesis, for example), we should always be asking ourselves, “how do I have this wrong?”
🇺🇸 RFK Jr.
A highlight of Limitless was a wide-ranging discussion between Ken McElroy, Robert Kiyosaki, and former presidential candidate Robert F. Kennedy Jr. Topics included American freedoms, the state of health in the US, chronic illness, and the problems with the US food supply chain.
The full discussion is available on YouTube, and I would highly encourage you to watch it. I don’t necessarily endorse all of his views, but it’s good to approach with an open mind – remember, “how do I have this wrong?”
The discussion reminded of something a mentor first told me several years ago: “most people think they need wealth to get freedom, but you actually need freedom to get wealth.”
🔥 Conclusion
It was a long, but unbelievable week in Dallas.
Though it should have been no surprise, I was still impressed by the high quality of people at Limitless — there were incredibly successful and wealthy investors, business owners, and entrepreneurs mixed with ferociously ambitious younger folks, some just months out of school. It’s always energizing to be around people who are not only thinking big but also taking bold action, even in uncertain times.
The takeaways from this week reaffirm the importance of staying prepared, being open to new opportunities, and constantly challenging our assumptions.