Welcome to Extraordinary America. Welcome back to the show, my fellow extraordinary Americans. In today’s episode, we have Margo Spilde.  Margo Spilde is an entrepreneur, real estate investor, business coach, and author. She’s the founder of Paradise Ventures and the author of the Book Live Your Life of Abundance. 

She is invested over 25 years of learning the traditional financial markets and the ins and outs of real estate investing. As a lifelong student of transformational growth and mindset, she empowers people to take control of their financial future and propel them toward the dream life that they have always wanted. I believe she aligns with the goals of extorting America when it comes to changing our mindset and our regard of financial education. So, I invited her as a guest on the show. Margot, are you there? 

I am. Thank you. That was a great introduction. 

Hey, Margo. Thanks for being here. Being on the show, I’m really honored to have You as a guest. I know that you are an entrepreneur. You’re a business coach. You’re a real estate investor and you’re also an author. Can you tell me and the audience a little bit more about yourself, your background, and how you got started? 

Yes, actually So, I grew up on a farm in the middle of North Dakota in a tiny town. And I just knew that I was supposed to do something big with my life. But I didn’t really know what it was. And we learned that the traditional financial world, right, I learned how I Had a mortgage license. I had an insurance license. I did securities licensing and what I didn’t learn was the secret of well. And I felt.  It was my calling to figure out How wealthy people get and stay wealthy? And the one thing that seemed to be connecting everybody that had money was Real Estate. 

So, then I learned real estate and I got my broker’s license and I became investing, and started investing in real estate. And then I made a mission to learn the hacks about money. So how do wealthy people handle money? And during that time frame? The thing that kept happening was I kept getting stuck, right? I felt I would reach my ceiling. And I would use this opportunity. You know, next time I move to a new place, I’m going to be better. 

And so, I kept getting stuck and I realized that I needed to work on myself. And when I started to work on myself and this whole world opened up for me. A lot of people call it emotional intelligence, where I learned how to handle my emotions. I learned how to… I could negotiate better. I could buy real estate better than everything I could, everything I did, I did better, the more I worked on myself. And so that’s when I got started on transformational growth. And I started going to school at the Townsend Institute, which is Doctor Townsend. He’s the boundaries guy and it’s just been just such an amazing journey and eye-opening experience and I feel there’s no limit to what I could do 

I mean, Margo, I got to tell you, I’m actually really excited to have the show, particularly because, you, you came from a farm, and then you’re all. You’re all about transformation and drive that utilized learning and financial education that you went on to become financially successful and financially free. 

And that’s basically what extraordinary America is about. It’s about getting people from hung, relatively humble beginnings that you came from humble beginnings, that you came from. But then you decide that you’re not going to stay there. You’re going to become financially successful. You decide to learn. 

And this is what this Show is all about. I really applaud you for that, but I want you to let the audience know what your motivating factor was or why that pushed you from just living, from living a life on a farm to where you were, where you are at this stage, what was the driving passion that drove you to get out of that situation.

Thy driving passion? Well, the first one I’m going to sing. There are two. The first one was everybody lived in the same house, you know, in the same town and nobody ever left. And I love to travel. I wanted to see the world. And so, I was this, this tape running in the back of my mind was someday when I got out of this town. And it wasn’t that I hated the town. It was that I didn’t belong there. I knew I needed to get out in the world and do something big. Right. And then the second part of that? 

A lot of entrepreneurial people feel that way. They feel they’re in an environment where people don’t think they do, they just have different thinking and they’re these people are in a certain wavelength of thinking where they just are static, but they want to move. They want to do things and they’re basically stuck and I’ll always want the audience to know that they should never let their circumstances. 

Never let your environmental circumstances get the better of you. And, yeah, I can see The pattern over here, you know, that’s what an entrepreneur would think. But what was the second reason that you?

We’re saying that you were mentioning, oh, yeah, I’m going to. I’m going to say I love that you said that because I feel I have a little bit of guilt, you know?  It’s not that I hated the town. It just didn’t work. For me, so you gave me Permission to say you know what? Other people are like you and that is OK. 

No, no, there are in fact, I think there are many out there that want to do exactly what you’re doing, but they’re afraid to leave the town they’re afraid of that unknown.

So that’s cool.

The fear of the unknown, or of just isolation, but they need that inspiration. They need that motivation to get out and make things happen because they should not be in a place that’s not promoting. There, they desire to be free and live there. Your dream, so I mean. 

Yeah, I love what you’re doing. I really do. I mean, this is so needed. In the country. 

I will. I love what you’re doing. Margo because you’re an inspiration. I mean, you were in a small town. 

Thank you.

Like growing up on a farm and then now you’re fighting against the odds, right?  You decided that this is not for me. I want something more out of my life and so. 

Right.

But I saw it interrupt you there. I was just. 

Oh, it’s OK. This is great. I was going to say the second thing was the power to get. And I call it creating a money machine, a giving machine essentially. So I do a percentage of all my passive income, plus I give a percentage of my, you know if I have to work for it. So, I give a bigger percentage of that’s passive if it’s. Mailbox money, but I’m literally just. Creating and giving machines. And so that’s what motivates everything that I do now. 

And so, it’s not about money in a sense. I always have that fear of living a life of abundance. People think it’s all about money, but for me, it’s not about money. It’s about what you’re talking about, which is freedom, right? The freedom to live, the life that you want. And so the more I do, the more at work, the more I achieve, and the more money. I donate and it’s self-rewarding. I actually track how many donations I do per year. And then my goal is to increase that every year. 

You know Margo, I know, I know. In America, there isn’t a strong belief in karma and reincarnation. But, I mean, some people believe it. But in the background where I came from, they believe in cause and effect and that in karma, what you give honor to the world will eventually come back to you.

So basically, they say that in your past life, if you were generous, you would come back as re, so generosity is what leads to wealth, at least. At least that’s the concept. So it’s good that you’re doing it.

Uh huh.

That is because of my Belief system. I believe that you’re. Going to come back to wealth in Your next slide, the more generous you are and the more. You donate and so. But Margo, I had this question, So what is your overall strategic goal and vision all throughout your career from the time you started real estate investing to where you Are at this point? 

OK, that’s a good question. And I had a plan. Let me think. I’m not sure if I had a very good strategic goal. I kind of. What was I saying? For example, one year my goal was to buy, I think, 48 doors; they call them doors, which is a unit. 

So you can buy one house, which has one door. You can buy one rental unit, four rental units, or twenty rental units. Or you can buy 100, as I made that my goal. Not really feeling that I would ever make it, and then we ended up finding a property that had 24 doors, so I bought 24 doors at one time, which it gave me. So much hope

Can you explain to the audience what? A door is because I remember asking you at an Event and then I Had my door.

Yes, I know that’s why I tried to explain it so well. Real estate investing I do residential instead of, you know, a business, and I’m not renting to a business; I’m renting to a homeowner or somebody who’s going to live there permanently. 

And how many rental units do you get? So, some people invest in single-family homes, so they can live in a home—single-family home—that they rent from somebody else who owns it. That would be one door or one rental unit. I buy a lot of duplexes, so I buy one building, but technically it’s got two doors, so this person lives here and this person lives there. And so that’s kind of how we count the doors because you have rent for each door essentially.

If you had to put houses, how would they come? How would that be in terms of how many houses were you renting? 

I have, I think I have around. I keep forgetting and it changes all the time. I have around 60 units or doors. But I have some commercials. I have some single families and I have some multifamily and so this was in 2020. In 2020 you know there was COVID we didn’t really know it was going to happen, but I ended up buying 1 purchase that had 24 doors, so 24 rental units. And we bought it as a group. There was four of us and it was just.

Usually, downturns are the best time to buy, a lot of people are scared of recessions, but that is the best time to be rich, ironically. But so yeah.

And we did so. Well, we were really lucky because it was scary. Everybody was scared, and right after that our property values, as well as the one where I live, plummeted the roof, and rent went up. Which hasn’t happened here forever. So, we did really, really well on it. 

So I say I had this goal of 48 doors that I never thought I’d be able to achieve. And then I ended up with half of it as well. Half of it. It’s better than nothing, right? So, I did more by setting this goal that I really didn’t believe I could achieve, than if I hadn’t set a goal at all. And so that’s kind of what I do. Every year I set a goal: how many doors am I going to buy this year? And I have a big number. I think it’s 70. It’s the number… Maybe I forget I have one Big number that I was well. If I get to this many, Then I and I change them over. So after I owned them for around seven years, I sold them and bought something else so I could just move on.

Correct me if I’m wrong, but if you compare it you multiplied. So, you started out with one door, then you went to two, then just 4 to 8. Can you explain to the audience your thought process of going from just being on a farm to now doing 60 units and how to go from there to there and…

Yeah, that’s a great question because it really is. I was talking to a really successful investor in town, and I didn’t know that he was an investor. And he looked at me and at him. I said I’d start with just you with one.

OK, all right, so I’m doing it right, you know? And so what I did was I bought one property with what I call “seed money. So, I had to put money in. I had to pay 20%. I knew I couldn’t buy very many if I only had to put 20% into everything. But what happened was that the value went up, and the rate paid for it. Everything and the mortgage go down.

So that number you know, so the value goes up and the mortgage goes down. So, you keep getting this greater and greater spread. And so, the Key is not to use the cash flow to live on. You just keep putting the cash flow back into your business. And then when you sell? 

And so, I sold and I did a 10/31 exchange, which is the best thing that you can do. So, I already paid 20%. Right. So, my seed money’s been in this property. I think I’ve owned it for 9 years. By the time I sold it then I took that bank spread, which is what my mortgage was and what the value went up to, and I took that, and I bought something else. 

And so, I never took the money and lived on it. And that was what this guy told me. He retired really, really young. He’s younger than me. He retired in his 40s I think and that’s what he said I did. He said I never took money out. I didn’t live on it, and I always exchanged the property and now he’s got. A ton of real estate and he doesn’t have to work if he doesn’t want to, so that’s where I’m going. 

So, Margot, I noticed an interesting point, and I want the audience to know about this because, a lot of times the nine, 8%, their mentality is they get an income and then they spend it on consumer debt, right?  They use Credit cards, whatever they spend it on, stuff they don’t.

A lot Of entrepreneurs do what they or investors do is that they take the money that they get. And they take that and invest it into themselves and into their business and they grow it on a tree or crops altogether. 

And what you’re doing over here. And you’re taking that money and spending it on it. Use those purchases you’re basically utilizing to invest in your business. Invest in your rental properties and compound and increase the number of units that you’re doing. So, it’s a Very interesting concept because believe it or Not to you, this is normal. But most of us will not have any idea how to do that you know we’ll just. 

Yes, and that’s what most people do. And also, I mean it and a lot of people that get into real estate, they don’t, you know, the negatives which then they call it tenants and toilets, they don’t like the Phone calls and they don’t Invest in the property manager and then.

I want to get out of the toilet. 

They get. Yeah, 10 minutes… The toilet because there’s always something wrong With the toilet.

I just thought it was toilet paper from the Pandemic when? OK. 

That’s awesome. Well, and you know. As mentioned, I’m going to point this out. You talked about investing in themselves. And that’s one thing that you and I and a lot of investors have in common, which is being willing to spend that money on yourself to increase your education, your knowledge, your skills, and what you bring to the marketplace. And that’s probably my biggest success—getting here by being willing to keep investing in myself and learning new things.

That is awesome. actually the next question I was going to ask. Ask yourself what the biggest lesson you learned in all of the years was. 

Oh my gosh. 

I think you already answered, but is there a lesson? 

No, I have another lesson. This is a good lesson. And actually I’m going to tie It back to the emotional intelligence piece. Which people don’t mean, it’s not well enough known. But that’s really your biggest success.

There was a Scenario that maybe didn’t go very well. I’ve   Done what  I was supposed to do, it was a partnership purchase. But the partnership was not doing well. A lot of things went wrong.

So the biggest thing that I learned was that I could remain calm. And I could think it through. I came back and I created a scenario that turned out Well for me Because of all of the time and money. And that changed my outcome. It literally changed my outcome. And if I had been that old me before I had invested in learning and growing and that transformational growth piece, I would not have come out well. And instead, I got all my money back. 

I actually own a greater percentage of the…. There are going to be about 10 left. But I own more of it. And my return will be greater because I could control my emotions and my responses, I wasn’t reacting poorly, and I could just take that negative bad scenario. That was definitely not good, and I could figure out a solution and negotiate with the other partners. 

I find it really interesting that you mentioned that, because a lot of people have an emotional attachment towards money, whether positive or negative, you know, most people would not want to take a financial risk, but a lot of times in investing you have to take risk comes as part of the game. But if people whose money freaks out, most people, I mean at least, in the middle class, would be afraid of losing money. But what would? What would be your advice to people that want to invest but they’re emotionally attached to the fear of losing money and the Fear of the risk? 

That’s a really, really great question because you’re right, then there are kind of two things on that One. Number one is that negative thing to losing money, right, the fear that I call that your money blueprint, that’s kind of I got that from Tehar Becker. 

I’ve read it as well. 

You know that’s a good one, he. Uhm, he talks about you’re basically your mindset with money, right? And so, if you can’t. If you can’t handle losing money and you’ve got all this fear and whatever your money baggage is, it’s going to control your decision-making as soon as money Gets involved; and so if something bad happens. That’s a problem.

And then the other side of it is really how can you? I got. I got lost. My train of thought for a second there. But anyways, I forget the but the money, the money blueprint part is the big piece of how can you? Overcome a situation. Manage the risk right and be OK with it and then come out good on the other side of the money I had to learn because I used to hate to spend money and I did not want to lose any money. I’ve really had to learn this.

And there are a lot of risks, but I remember the other side now which is you can mitigate the risk. By doing, there’s a certain thing that you can do, and one of them, my favorite, is reserves. If you have a reserve account. You mitigate the risk of loss. And then if you add that emotional intelligence piece and you can negotiate out of a solid place rather than a place of fear, you’re going to come out fine. But if you have that fear, as you said, you’re probably not going to negotiate a good solution.

No. Yeah, I. Mean most people will be afraid. But what I’m saying is that you have to go into the unknown, you have to take a chance, because otherwise, you’re not going to be financially free, and freedom All this comes with risks, you know. 

Yeah, there is freedom and risk, but there is risk always. But I feel there is one thing. I’ve learned this. One thing I’ve learned that is contrary to In the financial world, even in the real estate world, for the most part, and kind of contrary to the American Way, the American dream is what you can Lower your risk. There are certain things that you can do that I call mitigating. 

But lowering your risk Allows you to win. Without as much Threat of loss. And I think that’s what I’ve learned from this, this dream To get to understand How well some people handle money. That was the one thing I learned. That I Don’t Think is available to us as a typical average American. They know how to do it. 

Most of them are not taking the giant risks, they’re taking mitigated risks that get them more value for their money, but they’re lowering their loss. You can’t do that in every situation, but it is pretty. It’s pretty prevalent if. You’re looking for it. You can find a Way.

I remember one time there was a. My husband was at work and his. There was a coworker that was. A little bit ahead of him in training and he came and spoke. “Oh, so and so told me their invite. His advisor told him. You need to take this risk. That’s the only way you’re going to get ahead”. And I just looked at them “that is not the way to Get ahead.” You know, that’s what your Only choice you’re putting your advisor has. I think there are four options.

Really interesting., yeah, it’s definitely an interesting way to look. Look at things there when it comes to financial education, right,  they have to know what you know, what are the strategies to mitigate risk? And so, yeah, financial education is key. 

But Margo, what is the greatest challenge you’ve ever had in all your years of investing, and just business and entrepreneurship? And how did you overcome it?

Oh, the biggest challenge I had. Was when I bought the first property that I bought. I am and only had two tenants. I didn’t know anything. I knew nothing, so there was hope for everybody. I had no skills whatsoever. I bought a property. There were 8-8. 

That is exactly what the audience wants to hear you have. 

Any idea what they are Somehow succeeded. Yes, we. 

Want what we want? Is that a good story? Isn’t it, love it. That is the. 

Yeah, that’s the entire point, but go ahead.

OK.

So I had two tenants. I bought it.. Who buys the property with two tenants? I don’t know what I was thinking. … And then I had to get it Full, one of them left, but when I finally kind of started figuring it out a little bit, I had one of the residents say she’d help me manage it. She left in the middle of the night. They pretended they were working. Her husband was doing maintenance, so he got an advance and they finally, which I don’t do advances, but I’ve known them for so long that I did. They packed up their van and left in the middle of the night. Then I had somebody else helping collect the rent and mysteriously, all the rent vanished. So, she collected all the rent. And I got zero of it. And then everybody started leaving and I had to evict everybody, and I got down to I think 3. 

So, I’d run it For a while by myself, not well at all. And then I was back down to three tenants. It was terrible and I had no rent to pay the mortgage and the insurance and the taxes. And then I had to get a prop… I finally decided at that point I’m going to get a property manager, which I was not At the top of the list because I had just, you know, been managing it myself. 

So, check I’m a very long time for him to turn it around and make it. Profitable again. But I learned a super valuable lesson, which, well, probably more than one. But number one, I learned how to manage the property myself, and I also learned I’m never going to do that again. You should always pay your property manager. Everything works out in the end, but it was a tough one. It was a tough period.

 Man, yeah, I think a lot of people would be afraid of it. How to deal with tenants? You know, because uh, especially, especially with, during the pandemic, there was a law passed by the government where in some states, I don’t know if it was on the national level where you could not kick the tenants out. Even if they did not pay rent. And you know it’s kind of like most people. There are two sides to the fence. But from the perspective of somebody that has to collect the rent, it could be a nightmare. You know.

Yeah, I think you should always have a property manager because it’s hard to know all those rules and they change all the time. And I will say I do know somebody who believed their tenant’s cause. So that was actually what it was connected to. If you had a government loan, if you don’t have a government loan, that rule didn’t actually apply to you. But I know somebody. And he said, well, my tenant has to pay. Me for over a year and I can’t get him out. He actually didn’t qualify, he could have been collecting rent, and he could have evicted the tenant, but he didn’t know that because he was managing it himself. And if he had had a property manager. So now property managers would have paid for themselves because they would have known the laws.

I see.

But Margo, on a different note, America is the land of the free and the place where dreams are made. At least, that’s what. A lot of people say, do you agree? Or disagree with that?

Oh, I absolutely agree. I think anybody can do anything here. There’s so much opportunity. If we don’t let Fear stop us and we are obviously. Have to follow the rules but. It could be anything you want to be in America and that’s a really special thing that we have.

Like one of the things that I did. Want to ask, Since you’re into transformational growth and mindset, right? So, it’s not just us coming to America, or being in America and having that opportunity, we have to take hold of that opportunity. How do you think trans has a certain mindset and a dedication to growth and financial education playing to that?

Oh wow. You know, I think. I think I’m going to say. Hulk is probably the first thing because a lot of people don’t have hope. That they can have, you know, financial abundance or that they can do what other people will do. And so, we have the opportunities here. But whether or not. People take hold. Of that and taking that opportunity is the hope and the belief that they could do it.

And so, if we work on helping you know people, that’s kind of where my, my thing is I want to help encourage people and give hope to people to know that they have that opportunity just anybody else. And I wonder, you know, I’m many, many generations American. And I see. You know, a lot of people like me, where I grew up, which is. We just take ourselves for granted our freedom. We don’t have that taste of freedom. That’s so appreciated. We appreciate it so much. You know, we’ve just taken it for granted for generations. 

And so, I would love for all Americans, whether they’ve been here for one day or 100 years, you know, let’s appreciate the freedom that we have. And you say, take hold of it and do something with it.

No, I totally agree. Because, as you see, the entire identity of America is about freedom, right? But, in what extraordinary America, the show started because I thought that there was a hypocrisy between the ideals of freedom that America had and then the financial reality that followed. 

A lot of people are in consumer debt because of stagnant wages. Inflation is going around. And they’re just free; they’re going and living paycheck to paycheck. They’re doing two to three jobs. But what you did was the embodiment of what an American dream would be. You started off with humble beginnings, and you’re fighting against the odds. 

But that’s what we, as Americans, on a mass level, should be doing. Because that is who we are as Americans. And I mean, that’s the entire point of what made me start this show in the first place.

I admire that because you’re right about that. We all have the opportunity. We do what it was given to us. People fought for that, and we can take that and do something with it. But what you said, I don’t, I don’t see a lot of people doing that, right? 

So, what are we doing instead? You can have your job. Your day job and you can work on something else at the same time, anybody can do it. If they just have to get out and do it.

I think so. Anyone can do it, but they have to invest in themselves. You mentioned earlier that instead of blaming politics and this side or that side or relying on politicians, they need to start relying on themselves and their financial education and self-improvement, because that’s who we are as Americans and it has to fire on the financial front if you’re not. It’s pretty obvious, financially, how you’re going to have the experiences necessary to understand more about yourself. And be who you are. 

But, uh, Margo, what do you think is the greatest challenge that Americans have when it comes to realizing the American dream? And how would they overcome it?

I think the biggest challenge is immediate gratification. We want something right now and we’re. Told we can have it. I’ve used it. I’ve tried to teach this to one of my children specifically, is. How do you want something and not buy it now and work for it and plan ahead? We as Americans are told we can have it right now and we can buy it on payments and whatever.

We can get it immediately if we want it, but it’s a skill that you have to learn to speak. OK, I want it. I’m not going to get it now and I’m Going to work for it, and even if you have the money, I actually do that. For example, I’ll just use mine when we get married. Oh, you get a lot of cash, you know, as guests, when you get married, and they want to buy a new bedroom set. 

And so, then I went to the store, and when we went to pick it out, there was zero percent financing. Oh, well, that’s great. But I had the money, right? I had the money in my savings account, but they are going to give me 0% financing. And so, I did that, and I made payments, and I was telling somebody that I really valued their opinion. I thought they were so smart about money, and he just looked at me and said, “Why would you do something like that? And you have the money. Why wouldn’t you just pay for it?”

And I felt kind of little and small. I made a mistake. And after I had spent all those years trying to figure out, you know, the wealthy thing, I found out I was right. Because you want to keep the money in your pocket if somebody’s going to lend you. their money for 0%; you should always take it. Right. So it’s just education that helps us grab hold of that American dream a little bit more and take it and enjoy it.

I think you brought up an important point when you mentioned immediate gratification. It just made me realize something, right? I mean, it’s an insight, but our entire culture and our entire monetary system are based on immediate gratification and consumer debt.

A lot of Americans are enslaved right now because they wanted to, spend now, and pay later, but they didn’t do it in the business sense to grow their business. They’re doing it. To just buy a car or a house with a mortgage and everything, or to buy this or that, and then, basically, they have to, and then, because of inflation, it’s becoming harder and harder to pay that back, and then the interest rates are also pretty high. 

So now they’re gradually becoming enslaved and forced to work. And it’s just an insight into how we’re just on the surface of how the entire system is based on consumer debt, actually.

Yes, you’re right, consumer Debt and marketing, right, there’s a lot of marketing and we should get it now. We should get it now. Buy it on payment. Yes, that’s probably their biggest downfall. In the country and not that we shouldn’t. It’s not that we should shut down marketing and the economy by saying nobody buys anything. 

But if we give the education at the same time and People have tried to fix This and Course, financial education, and the school system. They don’t think it’s working and they’re not really giving the right education anyways, but we need mentors, financial mentors, and instead of it being a negative. Because it. When I was in school, the rich person, you know, in town was, you know, that’s a negative. Right.  So, you want to be the rich person, but there’s somebody in my ear to look up to and that you can learn from. So, if we shift that dynamic. Just a little bit. We might change the country. 

No, I agree with you. But as you see, that’s where the thing comes in; they’re not Teaching what they are. You learned over all of your years of education that this is not the case. Taught in universities and schools.

 They’re teaching, I think, liberal arts degrees or whatever that is. You pay 100,000 dollars, 200,000. Dollars you get into Student debt And then those degrees are useless. And then you’re going and doing a job that you could otherwise do without those degrees.

Instead, they spend that time and all that money on themselves for the financial education that you’re talking about, which I understand right; then things would just be different. It’s this difference in mindset. 

Margo, you know, over the past year, America has gone through rapid inflation, and as well, a lot of people are suffering from consumer debt. What is your stagnant wage? What is your take on it from your perspective?

Which part? The inflation?

Inflation, debt, and wages are not matching up with inflation. What would you suggest to Americans to do? 

Ohh, that’s a great question.  I’m doing a webinar.  I did the presentation but I Haven’t put it online yet. But my hypothesis was three properties. We don’t keep up with our wages and inflation, right? And we’re always at, we’re always waiting for the employer to tell us what to do. To make or. We’re forced to change jobs if we want to make more money. And so, we have no control. We work for somebody else. We don’t have any control. And if we don’t. We decide not to do something on the side that we’re working towards that will earn us more money. We’re stuck, right? 

So, we’re stuck with this financial paycheck that doesn’t keep up with info. Patient and so my hypothesis was that I’m working mostly with women, and I did work with men too but for women, in general, we’re going to live. 

They’re working. I do work with men. I have a lot of really great friends and people that I’ve mentored that are men. And they want it, right? They come to me, and they say this is. What I want and women on the other hand. We are just happy most of the time, right and we let our husbands. Sometimes we let our husbands make decisions or we work jobs that we don’t make quite as much as the men or we took time off to raise our kids or whatever. There’s a lot, but then what? What comes? 

So, what happens now is you get. You’re getting into your 50s. A lot of people are in their 40s. And the 50s what happens is, you start to realize, OK, my kids are gone. The spouse, the husband, usually dies before the wife. The money, I mean, that’s just statistics, not it’s just statistically we’re going to outlive the husbands typically. And you said that the paycheck, right, we’ve been working hard all of our lives and now inflation is increased, but our paycheck. We don’t want to. To work anymore. We aren’t driving to get a bigger paycheck. 

So if you’ve never planned for that. Now your standard of living gets lower. And so my hypothesis. Three rental properties in your entire working career. Will change your Life and it will eliminate the effects of inflation on your finances. 

And so I mathematically did it. And it’s true. All you have to do is buy 3 rental houses, for example. And it could be whatever you want, so you don’t have to Go out and become a real estate investor, you just have to understand How real estate works? How it beats inflation because you’re using other people’s money. That’s the biggest because if you’re using a bank loan, that’s other people’s money. You have appreciation when real estate goes up in value. As inflation happens, so does real estate. Then you have to rent. Rent always keeps pace with inflation, so you don’t buy a rental house, let’s say in the 50s, and charge the same rent that you charged in the 50s. If somebody’s owned it for 50 years now, their rent is higher, but they bought it at prices fit from 1950.

So there’s that piece that changes everything. And yes, you have to take taxes into, you know, into consideration when you sell. But you can beat inflation when you have just three. That you can either refinance so refinancing in-house doesn’t cause a taxable income. You know it doesn’t cause a tax burden on you if you refinance it and get cash out. 

So you can do that. You can sell it, or you can just keep renting it. There are just so many more choices. And that’s what I think. If we just look at it as I don’t want to be necessarily a real estate investor, I just want to be happy and free, right? I just want to live free and not live paycheck to paycheck and enjoy my life. That’s all you need to do.

Margaret, I learned something today. What do you Explain the 3 hypotheses we’re Using real estate to combat inflation is something that should be taught as mandatory education in schools. I don’t know why they’re not, why they’re not doing it, most people are suffering. But here these are Really easy to do. Solutions use other people’s money and then rent, your rent, the rooms of the house to people, and then, keep up with appreciation., what are you talking about? 

Yeah, I personally believe in the single investing in precious metals. And then, there’s a cycle where real estate goes at a high and in precious metals that are a little you invest in precious metals when they go too high, you sell off the precious metals, take that money, put into real estate, and then appreciate it and then and then. There are these waves and Cycles and then you just Be at the high points. It’s only a matter of.  when the high Point is, and then sell off everything. And then, yeah, you’re. You’re pretty much set.

Right. You’re pretty much set. And that’s you know that you bring up another really good Point which is. You shouldn’t just have one thing right. So, you brought up precious metals. we Have a lot of. Retirement accounts. We’re using that too, so we have real estate, we have, we have some precious metals we have, and you can use currency, you can use cryptocurrency. Whatever you’re seeing, pick a variety of them. And include a little bit of all of Then you will beat inflation. When you get older specifically, just don’t be living off of it now, right? 

No, totally. I mean it’s something that needs to be done.  I cannot emphasize enough it’s part of this show as well, how to combat inflation practically. But Margo, on a different note, I know you wrote this book called Live Your Life with abundance. Can you tell me and the audience a little? But more about this book. And the premise of how you got started with. 

Yes, I. So I started writing. This book was written almost 20 years ago and I was a terrible writer back then. And I was afraid just to let anybody read it. Right. But I just felt like I was supposed to write it and it. Came from my growth, you know. I felt stuck. I felt I couldn’t see success, but I couldn’t quite figure it out. And, you know, I kept getting stuck. 

And so I wrote this book about my kind of journey on how to figure out my purpose and my passion and to Accept me For who I am, Eliminate the guilt and the burdens, and just what you talked about in the very beginning, which is what’s your strategic plan? 

Part of my book is about your strategic plan of… What do you love doing? What do you want in your life and what do you do? Not want in your life and so put more of what you want and less of what you don’t want into your life. And once you think about it and write it down, decision-making is so much easier because I for example… I wrote this Down this is almost 20 years ago. I hate driving in rush hour traffic. I just hate it. 

And so I will not, you know, so now I know 20, almost 20 years later, I was, oh, man, I eliminated driving in rush hour traffic. But I didn’t do it consciously. It was unconscious, but I had written it down when I wrote this book. And then when I was editing the book. I thought I made this happen right? I manifested this in my life, and it was just by deciding what it was that I did and what I didn’t like. And so that’s what the 1st. Half is about that, and it’s just figuring out who you are and where you want. To go what your vision is for your life.

The second part is. I had the monthly fees. I added all that financial peace which is the money mindset. 

What’s your relationship With money, there are a few, there’s a lot of really good. Kind of just little tiny hacks that don’t take any time to help you overcome money issues. And one of them I’ll. Just give you one Of them, one of them is I keep money in my purse. I just always keep it. I Don’t Buy anything with cash, But I always have money in my purse and so I always have money. I always have plenty of money. Just pick a sentence. What works for you? I had a lady that was coaching, and she picked her sentences. I was, oh, I just love that all of a sudden, I have plenty of money. She just started telling herself that she was repeating it in the back of her head all the time. Right. I have plenty of money. I have plenty of money, and all of a sudden, huh? Your mindset shifts. And you do and you say you look at the whole world differently. 

And so there’s all of that. There’s a lot about, you know, that I kind of cover a lot of the points of real estate in there. And then an interesting thing. That you brought Up, is kind of your cultural background versus my cultural background, which is. How do you give peace? And what you do in life now is what you are reaping what you sow. There’s a lot of that in there. And I cover all the major religions. That I think there were seven that I used, so I took the top 7 religions in the world and compared them to giving and we all basically have the same underlying premise which is… Giving, reaping and sowing are related. And so we are all in agreement with the seven of the top religions in the whole world, right? That’s most of the world. Well, we all agree on the same thing. 

And so I go through that and why is that such a valuable thing and how does giving impact you right if you’re giving time, resources, money, whatever it is that you’re giving, how does that come back on you and makes you happier and more joy-filled? And so, I talked about that a little bit. In the book too.

That is awesome, Margo. I would recommend my audience to take up this book and read it. Because it would have practical advice on mindset and as well as tactics on how to create money as well. And so, yeah, Margo, is there any project or initiatives that you’re doing right now that you want the audience to get a glimpse of? Or anything that you drink. 

Oh yeah, we talked about this; I have a women’s initiative, a friend and I started this women’s group, and it was purely accidental, and we realized we accidentally Stumbled onto a fabulous structure for women. It’s called the pearls. And the pearls mean women of great value and worth. So that’s the meaning of a Pearl is something of great value or worth. 

And so, we have a women’s group and it’s all about connecting. And what we want to do is we want to duplicate it, replicate it, I should say all over the country so that women can participate and create their group, which is connecting with other women. It’s not networking business networking because that’s not really what women love to do. We want to connect into each other’s lives and what we want. And so, we have that and it’s. It’s been going. I think three 3 1/2. Years now, and it’s so successful. And so, we just Want to get Leaders on women all over the country that want to start their group, and we’ll help, you know, we have a whole structure and everything, but it’s really rewarding. So rewarding. 

That is awesome. It’s always good to have organizations that are out there that are just helping other people altogether. So, Margo, where can our audience go to connect with you to get to know more about yourself and what you’re doing?

So I have a website and It’s Margospilde.com, which might need to be spelled. And then people can e-mail me and Ashley. My name is my e-mail address. I’m on Facebook. I’m on Instagram, but not very good at Instagram and LinkedIn. 

OK, cool. Uh, Margo, I appreciate that you took the time to do this interview with them, with me. I’m honored.  What you have shared with us is informative and it helps a lot of people. I mean, I would say that you are an extraordinary American and you’re living. You’re living more than extra American life would be. So, I appreciate that, and I would be honored to have you back as a guest on this show at any future time. 

I would love that, and I am so honored. I love my being as the word honored and I feel the same way about you. Just what you’re doing is so needed in the world and in America. And I just love that you’re highlighting freedom and extraordinary Americans. It’s just thank you for doing that. I love it. 

I appreciate Margaret. And then I conclude this interview. I include concluding this show by letting my fellow extraordinary Americans know that there’s an extraordinary within every one of us. We must unleash it and awaken it. Bye for now.