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b"Drew grew up in an insurance family \\u2013 both his father and mother were agents \\u2013 so insurance was a natural career path. Through consultation with his father, John Maconachy, a founding partner in Maconachy Stradley Insurance, he determined the best path to success was to learn the insurance industry from the inside out. As a finance major in college he took every insurance course that was available to him. Following college, Drew went to work for AIG for 3 years as a commercial underwriter. While at AIG, he completed one of the strongest and most rigorous training programs in the industry: 9 months learning underwriting, claims management, and actuarial studies. As a result of this training and his ambition, he was able to grow his portfolio from $15h,000,000 to $25,000,000 and wrote the largest account in his team\\u2019s history.\\n[00:01 \\u2013 04:54] Opening Segment\\nGet to know Drew Maconachy\\nCommercial Insurance Consultant, an extension of their customer\\u2019s businesses\\n\\xa0\\n[04:55 - 22:18] Insurance 101 \\nAll Insurance is NOT Created Equal\\nPrice is most important but you have to understand what you are buying\\nReasonable Quotes for Insurances\\nThe value of insurance for replacement costs\\n\\xa0\\n[22:19 \\u2013 31:16] Insurance Knowledge for Passive Syndication Investors\\nHow to Know if Sponsors Have Done Due Diligence\\nSponsors need to be realistic in their expectations when quoting policies\\nThe Consequences of Unrealistic Quotes\\nThe importance of having insurance agents and experts\\n\\xa0\\n[31:17 - 40:56] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you've ever made other than your education?\\nA handful of investments\\n\\nDrew\\u2019s worst investment\\nNursing home operating company in Texas\\n\\nWhat is the most important lesson that you've learned in business and investing?\\n\\u201cWho you surround yourself with.\\u201d\\n\\nConnect with Drew Maconachy through Facebook.\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cDon\\u2019t think that all insurance policies are made even.\\u201d - Drew Maconachy\\n\\u201cAs business owners and investors we should always focus on value rather than price and understand the value that we get for our money.\\u201d - Drew Maconachy"