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It's hard to say good bye, so I won't.  But I will say, I'll be back!

If you're looking for practical tips and advice on mitigating risks in your private lending, then you are in the right place. But if you want to learn from my mistakes so that you avoid them and don't repeat what I've done then pull up a chair and pour yourself a drink, my friend, because this is the podcast is created for those just like you and me, who are looking to take control of their finances and passively diversify into real estate backed investments without banks, without Wall Street, toilets, tenants or termites. Ultimately, it's my goal to create a tribe of lenders that act as the bank to active real estate investors in good times and bad, eliminate that the need for banks, to provide funding and, and, but, but not just the funding, but also the education for our kids.

I really do think it's time to think about money a little differently. I don't know what that means yet, but I'll get there and we'll figure it out. But definitely want to teach you, you know, talk about teaching kids about saving and utilizing money and it's a tool. And how, you know, if we do this the right way, for example, the next downturn, we don't know when it's gonna happen, but you know, markets are cyclical stock markets, real estate markets. We've had a hell of a good run here, and at some point the market's going to tighten up. I'm not saying win, I'm just saying, I think it looks, you know, pretty frothy. Some people that I admire and respect think the same thing, so we'll, we'll see what happens. But when the real estate market went, it goes down.

What happens? Generally speaking, banks don't lend as much. What happened in 2008, the mortgage crisis, that was extreme, but thinking more of a normal, normal cyclical downturn, not a cataclysmic, a world financial crisis that we had. But that's, I'm just getting long winded. Apologize there. But what I'm trying to say is the banks are going to stop lending or they're going to tighten up their requirements to, to, they're only going to lend to people who don't need money. That is the, that is the reality of it. If you look as a private lender, that's why I look at it too. If someone, if I smell desperation, you're not getting my money at all. So I get it. The banks are there to make money. They're a business. They, a lot of times they have boards and some have stockholders they have to to answer to, but you as a private lender do not.
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And that's the beauty. When that downturn comes in, those bank stop, stop lending so freely. It's the private lenders who come in, we'll give those real estate investors the cash that they need to keep the housing market churning and chugging ahead. And that's why I'm building the Tribe of Lenders. And I want to thank you for being part of that tribe by listening today. And I'm assuming you're a, a lifelong listener now that we're in 87 episodes in. But let me go ahead and get down to the brass tacks. I have a bit of an announcement to make and that is that I will be taking a hiatus from the podcast for probably four to six weeks, if not more due to a couple of significant life events. Not everyone's fine, don't worry. But they are life events. And number one, I, I just quit the best job I ever had to do the same type of work, but I'll be doing it as a consultant in a, in a little different area than what I'm normally used to working in.

That'll be a little more downstream. But I'll be learning from some very, very qualified people. So it's not not going to be, it's not like I'm walking into a blank slate, but what it does mean is that there is no more what I call salary comfort. And I will I'll be a consultant, so I'll get paid what I bill, I hit, you know, we call that getting eating what we kill and nothing's goi...