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b"In this episode, Loe Hornbuckle talks about vetting sponsors in the residential assisted living and memory care space. He shares about how the focus is on providing quality care for the residents and how to find the folks who are taking care of the residents.\\n\\n[00:01 - 07:26] Defining Residential Assisted Living\\nLoe shares his background and how he got into the residential assisted living space\\xa0\\nAssisted living means someone needs help with activities of daily living\\xa0\\nMemory care is a mental health component of assisted living\\xa0\\nBeing considered as a boutique assisted living and memory care community\\n\\xa0\\n[07:27 - 21:51] A Look at Stewardship Finding and Finding Balance\\nSmaller facilities offer advantages such as more personal and intimate experience\\nInvestors should focus on being a good steward of the residents and families\\nCaregivers should put humans above profit\\xa0\\nA blend of capitalism and socialism is needed to avoid negative outcomes\\n\\xa0\\n[21:52 - 31:49]\\xa0 Ethics and Profit in Assisted Living\\n\\xa0Balancing the needs of residents, staff, and the business in order to find success\\nAssisted living and memory care is a human resource business with a real estate component\\xa0\\nInvestors should look for operators who understand the needs of the staff\\nUnderstanding the human resource side of assisted living is important\\n\\xa0\\n[31:50- 36:21] Closing Segment\\nQuick break for our sponsors The 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\\xa0\\n\\nWhat is your favourite book?How to Stay Alive in the Woods by Bradford Angier\\n\\n\\xa0Richard Wilson\\u2019s indispensable tool\\xa0\\xa0Gallups Strengths Finder Test\\xa0\\n\\nWhat are you looking forward to in 2023?Going to Europe\\n\\n\\nConnect with Richard Wilson:\\nWebsite: https://www.thesageoakcompanies.com/, https://goodhorncapital.com/\\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\\n\\xa0\\nTweetable Quotes:\\n\\u201cSo you're creating a place where people are providing a very valuable service to people.\\u201d - Loe Hornbuckle"