Hey there,
With the election being tomorrow, I thought I’d share a podcast episode we recently released.
Read This First: I know politics is a touchy subject, but I just wanted to preface this by saying that this is a face-value look at some economic issues that may affect you. If you're reading this, chances are you're interested in things like economics, financial trends, the markets, etc, and I urge you to read through this with that lens versus a political lens.
If you know me, if it has something to do with economics, I like talking about it. Let me know in the comments your thoughts on this and I'd love to have an open dialogue about the economics aspect of this, and how we think it's going to affect us as investors!
Okay, moving on -
In this episode, I share my thoughts on what I feel are some incredibly important topics such as how certain aspects of the economy (like debt for example) have an impact on you, the key differences between federal and state policies, and most importantly - how you should never expect a politician to save you and your financial well being.
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Your Opinion Matters:
If you gave it a listen, I'd love to know what you thought. If you’ve got ideas on how we should tackle these problems, we’d love to hear from you. If you’ve got a take, send it over—we might just feature it in the next video.
Don’t Miss Out:
This Week's Must-Watch 📹
To continue on a similar topic, one of the key aspects of the economy that isn't getting as much coverage is the fact that Social Security is set to run dry in about nine years, and Medicare isn’t far behind.
The majority of people aren’t even aware that this is an issue and don’t know the candidates’ plans for it. After doing some research, we’ve found that the proposed policies from both sides could have significant implications. However, neither of these approaches addresses the problem head-on.
In one of our recent episodes on the Drunk Real Estate Show, we explored how potential Federal Reserve rate cuts could impact the economy, as well as the pressing crisis of Social Security and Medicare insolvency. We broke down economic data supporting a rate cut and discussed its risks, including inflation and a weakened dollar. If you missed it, catch up here:
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What’s Buzzing on Social Media 📱
I happened to find this reel that I later reshared, and it went viral, racking up over 2.5 million views!
The reel highlights the six businesses with the lowest fail rates—and guess which one made the cut? That’s right, self-storage!
You can check out the reel here:
In my caption, I shared insights on why self-storage boasts one of the lowest failure rates. To recap, here are some key reasons:
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Steady Demand: Self-storage benefits from consistent demand due to moving, renovating, and decluttering needs. Businesses also use storage for inventory and archives, ensuring a reliable revenue stream.
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Predictable Costs: Once the infrastructure is in place, operational costs are generally predictable, and maintenance is minimal, keeping expenses manageable.
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Pricing Flexibility: Operators can adjust rates based on market conditions, which supports profitability.
These factors make self-storage a resilient and profitable venture. Do you think there are any other aspects that should be highlighted?
Announcements You Can’t Miss ⚠️
- Last week we hosted a free LIVE training on Finding & Underwriting Self Storage Deals. If you didn't attend live, you can fill out the form by clicking the button below and we'll send you the recording
Wrap-Up:
Let’s keep the conversation alive and make sure the important issues don’t get lost in the noise. The future of our country and the different aspects that encompass our future are a collective concern, and your opinions can shape the dialogue. We’re all in this together!
Thanks for sticking with me and being part of this journey—it means a lot! I want to make sure I'm sharing what YOU want to hear more about. If you could take a quick minute to fill out this survey and share your thoughts, I’d really appreciate it. I promise, it’ll only take a minute!
Talk soon,
AJ
