Hello, my friends and welcome to another episode of Ask Marco where I answer your investing related questions.

Today's question comes from Jorge and he writes and says, Marco, I have one shot to convince my wife that investing in passive income with a turnkey out of state situation will work. I have $75,000 to invest. We have paid off our home and ready to retire in a year or two. She sees getting into debt now is too risky. I've listened to a lot of your podcast. I understand the process. We own a nice California rental free and clear worth $550,000 again, no debt. What deal on a B class property with good cash flow, low debt ratio could work in your system. Looking forward to hear what you come up with.





Well Jorge, thank you for the question. First off, I emailed you and your investment counselor and I will let him reply to you about the many different B class properties that we have that will generate cash flow in a very positive rate of return for you.

That is not what I'm going to address on the show here. What I would like to address is just your general question here about good debt versus bad debt risk tolerance and your wife. Now I can't help you with your wife, but I can give you some suggestions. So I'm sure there are many people by the way, that have this situation where their spouse is maybe averse or doesn't completely understand investing in general, let alone real estate investing and the ability and power that it brings to you as far as being able to liberate yourself and create financial freedom. Because if you have enough passive income, you are financially independent and that brings freedoms along with it. So here's what I'm going to suggest and comment on. First of all, I want to say that I am not a financial advisor. I've said this on many episodes and I just want to keep reminding people so I'm not giving you any kind of financial advice, nor am I telling you what to do.

I will also say that I don't know what your age is, your income current past future, if you have any existing pensions, retirement plans, I really don't know your financial situation so I can only talk in generalities here. First of all, let's just make a few comments as it relates to your spouse. What I would possibly do is ask her, do we honey, do we have enough to retire on? And you just need to take a very objective view and analysis of your current situation. Also where you expect to be realistically around the time of your retirement and if you are in a situation where you're going to have enough income to live off and be comfortable, then great. Maybe you don't have to be stressing about anything, but if you feel that you can do better and that you should be investing regardless of whether it's real estate or something else, then take a hard look at that.

There's nothing wrong with investing. As long as you do it intelligently. You have the right team. You don't put your capital or cash flow at risk. Now granted, I will say that there is no such thing as an investment that has zero risks. It's virtually impossible, but you can control risk and you can make investments that have very minimal risk if you have control of the situation and you have very good understanding of what you're investing in and you are an intelligent investor. Uh, you know, I remember Robert Kiyosaki saying that there are no bad investments, an investor could be looking at a particular investment opportunity or a deal and lose money and make a mess of it. Whereas another investor can come along and take that exact same deal and know exactly what to do or position themselves in it so they actually make a profit.

So a lot of it rests on you or you as a couple and the investment. So ask yourselves, do you have enough tthere's just bad investors because one o retire on at the time that you are retired? The second thing that you guys need to ask yourself are what are your options either right now or and or in the future?