TGCI 148: Apartment Queen Kaylee McMohan’s goal is to help women become financially independent

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Episode 148: Apartment Queen Kaylee McMohan's goal is to help women become financially independent

Copy of EP #18 - 2 Guests

Summary

In today’s show, Pancham interviews Kaylee McMahon – Founder of The Apartment Queen Investments and the SheVest App.

Kaylee has proved that having multiple business ventures at once and nailing them all is possible! With doing different types of investing, selling over 3million dollars in residential real estate, and launching her application SheVest, she hopes to bring more women into real estate and be a game-changer in the investing world!

We’ll unpack her entrepreneurial mindset in this episode as she shares how operating numerous businesses is possible, why you shouldn’t be afraid to ask for help and be educated, and understanding your own “why” to keep you moving. 

 

Listen and enjoy the show!

PanchamHeadshotTGCI
Pancham Gupta
Screen Shot 2021-07-19 at 3.55.17 PM
Kaylee McMohan

Tune in to this show and enjoy!

Copy of Quote #00 - 1 Guest

Timestamped Shownotes:

  • 0:38 – Pancham introduces Kaylee to the show
  • 1:52 – Growing and learning by knowing a little bit of everything
  • 4:01 – Breaking boundaries for rookie female investors through SheVest
  • 8:43 – How she shifts her mindset, identity, and ventures to be better
  • 17:49 – The 3 ways to educate yourself to have a headstart in investing
  • 22:02 – On becoming resilient and growing from multiple failures
  • 25:18 – How her 5-minute routine makes a huge difference to her
  • 30:02 – Taking the Leap Round
  • 30:02 – Note investing as her first investment outside of Wall Street
  • 30:35 – Her uncertainties and fears when she first invested
  • 31:32 – Why her first house flipping didn’t work as expected
  • 33:33 – Why investors should pick their investments wisely
  • 34:36 – Where you can get a copy of her resources

3 Key Points:

  1. SheVest is a convenient application wherein women have a chance to learn about real estate cash flow education as education is the most important when pursuing investing.
  2. The people that you’ll cross paths with have a reason. They will either provide you opportunities or you’ll learn lessons from them.
  3. Don’t be afraid to ask others to gain additional knowledge. You can also ask wherein you’ll collaborate with other investors using the resources that you both have.

Get in Touch:

Read Full Transcript

Welcome to The Gold Collar Investor Podcast with your host, Pancham Gupta. This podcast is dedicated to helping the high paid professionals to break out of the Wall Street investments and create multiple income streams. Here’s your host, Pancham Gupta.



Hi, this is Tom Burns, author of Why Doctors Don’t Get Rich. You’re listening to The Gold Collar Investor Podcast with Pancham Gupta.

 

Pancham Gupta Welcome to The Gold Collar Investor Podcast. This is your host, Pancham. Really appreciate you for tuning in today. Today we have Kaylee McMohan, on the show. Born in Portland, Kaylee has sold over $3 million in residential real estate before transitioning into her current full time syndication role. She has done home flipping, note buying, active and passive investing in apartments. The entire backbone of what gets Kaylee out of bed every day is her why, at the 30,000 feet view, it is to create financial independence and space for those experiencing co-dependency and toxic relationships which hamper their ability to visualize and then manifest what their amazing reality could be. Her company’s culture models this and is changing the face of multifamily to bring more women into the light as powerhouse operators, key principles, and limited partners. Kaylee’s goal is to create 1 billion more female she investors and givers by 2030. Hey, Kaylee, welcome to the show. 

 

Kaylee  Pancham, Thanks for having me. 

 

Pancham Gupta  Great to have you on. Are you ready to fire up my listener break out of Wall Street investments? 

 

Kaylee Yeah, for sure. 

 

Pancham Gupta  Great. So, Kaylee, you know, tell our listeners about your background, and more importantly, the person behind that background.

 

Kaylee  Yeah, sure. So more about me. I’ve done everything, a little bit everything, that’s my personality where I, I learned something and I get bored and I move on to you know, because I figure it out. So, I know a little bit about a lot. I’m not someone necessarily stays doing one thing for my entire life. So, I’ve done a little bit of babysitting nannying, I.T, advertisements, dental sales, real estate, EM teeing, I mean, all kinds of stuff. So that’s just a testament I suppose to my add. And what I’ve been told by some very successful business owners is that, well, you know, that add is not a bad thing because that’s what gives you the energy to keep doing multiple different ventures, you know, you just have to pick one at a time, and then move on. So that’s really, I suppose a little bit about me. And then as a person, one thing that I can say in a brief summary that I’ve realized about myself after going through a lot of challenges in business and failing in business, and winning in business, also, is that I stand for justice. And that’s something that I’ve realized that the people that I get along best with, the partner best with, become lifelong friends with or also people that stand for justice. And that’s in many different ways, you know, if you just do the right thing, and tell the truth, and just do the right thing, treat me like you want to be treated, I think that that comes back to you tenfold. So that’s a little bit about me.

 

Pancham Gupta  Great. So, looks like so what’s the longest based on what you just said, what’s the longest, shortest, shortest time frame you’ve spent in a particular venture?

 

Kaylee  Probably shortest part is probably like six months or something that is like, in the high school that I dropped something just was like, I’m gonna go to college, and then longest seven years, like I mentioned, sometimes they overlap, because like, I’ve got, you know, three startups right now, you know, for example, one is a tech company, but it’s really not, it’s an app, you know, and then that will be scaled and sold off, essentially, one that’s a capital company, when it’s a brokerage. So, you just find ways to make semi passive income with these different ventures. And you can do several things at once and just put people in place, you know, let people do their thing that they’re the expert.

 

Pancham Gupta  Right. So, you mentioned three things; the tech startup, which is an app, and then there’s a brokerage and the third one is the capital company. Do you want to talk about what this app, a lot of my listeners are actually in the tech field so I’m sure they would be interested in learning what that is.

 

Kaylee  Yeah. So, they’d be laughing at me. One good thing I liked about it was that I had someone local develop the app, it was an 18 year old kid that just like his parents are in real estate. And so, he really liked the fact that the information inside the app was real estate related and therefore, he’s motivated on the back end to start developing new modules or if it’s a new button or a new page or whatever it is really now doing an accelerator myself, and then also doing a tech speaks course to figure out later on how to get a CTO all these different parts of again, people that are listening, probably laughing their butts off, but that’s not where I come from. You don’t I mean, I come from a nutrition background, some science, you know, I come from, I guess, supposedly now call me in in real estate, but very, very different knowledge and skill set. And so, you do have to find those people that have that skill set and work with them. So that was our thing in common was that we both really had a passion for real estate. The app specifically is called Sheva. So, it’s meant for women. So, what it’s for is for women to be able to have a convenient place on their phone, where they can get involved with real estate, cash flow education. So, you’re able to understand, it’s not just multifamily or apartment specific, but there’s also interviews that I did. We live in that, have at least two years of experience and have made a profit and loss of money as well, in these particular niches of cash flow and commercial real estate. So, there’s some sessions that are on RV parks, some sessions are on commercial buildings in like the high rises that we have triple net leases in, some are on self-storage, some are cold storage, some are on multifamily. I mean, there’s a whole gamut of different opportunities in commercial real estate to be able to make cash flow. So, it was really just from a woman’s lens, you know, how does it work for her. So, a lot of the times you’re talking to people who are in, in finance, or who are in specifically real estate, finance, and they’ve got four kids, and they’ve got another job, and they’re balancing all of this. And so, from a woman’s lens, how are we doing this? Because right now, I would say that based on national multi housing council statistics, we’re looking at 70%, white men to 30% everybody else in commercial real estate. And then from my personal opinion, this is not, you know, research fact, because I cannot find it. But for my personal opinion, what I see is about 90-10 men to women in as executives as deal sponsors, as leads, you call us a million different things in multifamily real estate. So, we’re looking to shake that up and break that up a little bit. But how do we do that? That’s what education so a lot of women, you know, we’ve got responsibility of our children, whether we’re the single mother head of household, or whether we just have the responsibility of taking care of the kids all the time, how do you have, you know, the time or maybe sometimes the money to have a babysitter, come out and watch your kids. So, you can go out to a networking event, or a weekend conference, that’s, you know, $300-$600, maybe you don’t. So, this is just a convenient way for women to get a hold of some cash flow education. next module, we’re working on building some quizzes in there as well, a little bit more on the mindset education, because it’s something that I mean, as I go, I have to continue to work on that. So, there’s multiple layers of what this will become. But it’s taking the mindset, taking the education of real estate, cash flow, and then also being able to understand how to analyze documents, because that’s these are the three choke points, I’ve noticed that you know, women go, I don’t want to invest in real estate, it’s all too much, you know, so it’s really just meant to bring more women into commercial real estate investing.

 

Pancham Gupta  Wow. All right. So, these are in a nutshell for educating the women about real estate, and then helping them invest. 

 

Kaylee  Yeah. 

 

Pancham Gupta  And what’s it called? You said She Vest? Is that right? 

 

Kaylee Yeah. 

 

Pancham Gupta  Okay, great, cool. So that’s your one. So how, where you’re at with that? Is it at the stage where it can be sold off or? 

 

Kaylee  Oh no. Now it’s beta. So right now, we’re wanting to get about 1000 users, we’ve got a couple 100 more users, we need to add to their to understand what the next probably one to two modules are that we need to build out. Then I’ve got a list of people who would come in, you know, to monetize certain pieces of it like monetizing, advertisement, monetizing of referral links, that leaves the app because it’s not meant to be a brokerage app, I don’t really want to be doing any brokerage activity in it, because then that’s a crowd street, or that’s, it’s a robin hood, I suppose as a brokerage. But anyway, those kinds of things I don’t really want to do, it’s more of a, hey, get yourself set up and then let’s let you fly, you know, so there’s a couple more phases, if you will, after I get some more feedback, or data from the users on what they like, and don’t like.

 

Pancham Gupta  Got it. So, okay, I, you know, going back a little bit, you mentioned about three ventures, and you have this add, you know, I have a partner in my business who, who is kind of similar, like has kind of like add, so I know exactly kind of what that means. So how do you manage to switch? And you know, what’s the mindset behind like, you know, two threats so many times and doing these different things. I know you’re, you said that you get bored, and you want to try something new and kind of learn something new and learn a little bit about everything that you’ve got your hands around, but how do you kind of really, you know, switch your mindset, and go to this do this new thing. And you know, I’m a big Jim Rohn fan, and they talk about focus and focus on one thing and do it really, really well. So, what do you say to people who are like you, and they have this competing thoughts, where everyone says, you know, focus on one thing.

 

Kaylee  I mean, there’s so many so many layers to that, like I used to be on meds for a long time and I took myself as it ruin my personality. I couldn’t connect with people as well as I normally can. And some other things too, that just were not healthy long term for me. So, a lot of it has to be about mind training. So being able to discipline myself enough to where I have these tendencies to just squirrel, but don’t do it. And then a lot of it has to do with time blocking, deciding what are my objectives, or whatever it is that honestly, you got to think about what is making us the most money right now. That’s the area to focus, you know, that is the backbone of everything else that I’m creatively creating or making is that there’s got to be money to support it, it can’t just doesn’t come out of thin air, you know. So basically, figuring out what is that venture that is producing the most money that is the most easily probably easily scalable, because you can probably afford to outsource a lot of the different things that need to be done to people that again, have expertise in marketing, advertising systems, hiring, acquisitions, I.T, whatever it is that we’re doing HR, you have to have those people. And so, then when you kind of offload more and more of the things that you’re no longer wearing multiple hats to do, then that is the time that I have, okay, some supporting ideas to this main business. So, for example, the main business being a capital company, the brokerage license that I have, I don’t really use it very much, I used to have a few agents without going down that rabbit hole too much. I just can’t provide some health benefits and some other things that Zillow and Trulia can, but I can use that license to do deals. So, if I find a certain value deal, or you know, selling a house right now, that’s one of mine, you know, then I can use it. So, it’s not like a big business, I’m not trying to scale that it’s just really something that helps when you’re starting these LLC is that whole property or whatever, you can use it for certain things, certain tax advantages that come along with being a full time real estate professional, and then I’m able to literally as a broker just have other agents under me. So, I don’t really have to do a whole lot if they’re experienced. So anyway, so that’s just kind of sitting over there. The tech company was something to go, okay, well, we’re focusing on creating 1 billion she vesters in the next 10 years, we’re going to do that you got to figure out like, Where’s the gap? You know, and there’s, there’s multiple different layers of gaps, but one of the main ones is education. 61% is the Merrill Lynch study, I think from 2019, I could have that year wrong, that just basically cites that 61% of women feel uncomfortable or not competent investing, because they lack education. So that is exactly why this app came out was literally to make them feel comfortable enough to pursue educating themselves and then therefore investing. And then also, every different thing that we’re doing is just supporting that main company, like I mentioned, that makes quite a bit of money. But these other you know; many companies support that main one. So that’s part of how you can make it work. And again, time blocking is really important, because then you’re going okay, what are our quarterly rocks, what are our objectives, because they do a lot of learning when it comes to like gazelles another book, actually, another author actually wrote this, but he’s ELS has it available, it’s called scaling up making your mission vision values of whatever your company is very clear, there’s certain very important baseline things that each company needs to have, for example, we have a business that buys apartments, right. And so, a lot of different operators, one of their big next things that they’re going to do, because property management is horrible, and there’s a life cycle where they usually go start their own management company. That is something I don’t want to do, I really just don’t just because the business is not something that you know, I do don’t have a mission vision values. When it comes to property management, I don’t see starting it from the ground up and having a passion for it. So certain things like educating women so that, you know, our inequity that I see in our field, hopefully, at some point in the future, I’m starting to see it because again, women feel more comfortable, more show up. But you know, we’re rooms of women at conferences, or those that invest in a deal or whatever. It’s 50-50 men and women like that would be the ultimate idea. And so that’s just this one, we’re pushing our agenda, you know, to be able to create something that I’m passionate about turning from an idea to something real. So, it’s just, you got to be passionate about something all of your businesses have to relate to that the main moneymaker, focus on that and all the auxiliary things. Really like when I wrote my book, I had a ghostwriter write it, you know what I mean, like you have other people to help you do it.

 

Pancham Gupta  Yeah, okay. So let me ask you this, that so you said did you spend seven years and shortest was six months. And you kind of you mentioned that you focus on the things which is making you the most money? So, at what point do you decide that you want to switch and do something else? Is there a trigger there? Or are you just like, okay, I’m bored. And, you know, let me just try something new.

 

Kaylee  It’s not always bored. I think it’s really just sometimes it’s where you’re at in life. What you learn along the way, is, you know, life again, I’m not 99 years old and super wise  and I could look back and say, like, this is exactly why that happened. But I think that you know, people that you meet and things that you get involved with, like all of it has some kind of a purpose and some kind of a purpose that I don’t know at all. Like, like, somebody else knows where I’m going to go and exactly, I can try to plan but things have to change. So, I have to be flexible with those things, and sometimes something pops into your life. So maybe I say okay, I’m the visionary. I’m very clear. In 30 years exactly where we’re going to be what we’re going to have achieved where I’m going to be living like I can see all of that. But sometimes that zigzag of how to get there, I don’t I don’t know all the answers. And so sometimes you meet certain people that teach you lessons that teach you that maybe I’m not doing something the way that is going to benefit me long term or is good for my health or my family, or, you know, someone’s going to present an opportunity that I had no idea existed out there that happens. And so, I try to stay very open minded. But again, only listening to those who’ve actually achieved what they’re giving me advice about, because lots of people flap their gums all day long, but they’ve never achieved that thing. So, it’s important to listen to the ones that that have put so different stages and phases, it’s been different triggers, if you will. So, the beginning of real estate, it was I was too scared to do contracts or do anything that had to deal with legal anything. So, I got into leasing thinking that that was the easiest thing to do. Well, then I quickly figured out, okay, this is how we get better leads this time, build a funnel, this is how I bring in people. Now it’s flowing. Now I have an assistant and I train her to do exactly what I do. And then I’m sitting there going well, I mean, I don’t really want 5,10 assistants and to do this leasing thing forever. Because at the end of the day, who owns the leasing, it’s the building owner that owns that leasing, or they could just stop doing any kind of what we were doing concessions, they could just stop concessions altogether. multiple things could happen, I don’t know the laws could change, whatever and then that business income is gone. So, all these systems that I’m building are predicated upon somebody else’s system really wanted to figure out like how we how do we own the flow of income, like where that comes from. And so that curiosity and asking questions and meeting people, and again, kind of where I think you’re supposed to end up and what you’re supposed to meet all the things I’ve learned. And some of the things I’ve gone through recently, personally, a lot of what I’ve learned forced me to be in this place of failure and uncomfortable and questioning myself and whatever at a very young age, because I think a lot of the lessons that I’ve learned and resources that I now have in protections that I now have, and just knowledge at a pretty young age, you know, now I can share that with my ecosystem of women who are going to at some point, if they haven’t already dealt with the same sort of discrimination, the same, like I’ve had tons of money still stolen from me, I’ve had, I mean, all kinds of stuff. And just because, look, I look young, and I look like I don’t have a family to support me. And I look like I’m essentially weak, I’m not well built up that I look like an easy target, you know what I mean? So being able to go through these things, wasn’t something I volunteered for it just life kind of pushed me that way. So, whether it was real estate I was in or tech that I was in, or food science or whatever, I think eventually I would need to go down this path of pain to learn those things to be able to have resources to give to other women that I wanted to help support.

 

Pancham Gupta Wow. Okay, you know, I hear you there clearly. So, thank you for sharing that. Let me ask you this, that, you know, let’s say that I know for a fact that many women listen to this episode. And they will, you know, they’re in tech, or they’re hyper professional, they have very, you know, busy jobs, and then they have kids, they have to take care of their household. So, and, you know, when they listen to this episode, and they listen to you, and they’re like, wow, you know, Kelly has done so many different things. And she’s educating women about you know, how to invest. I know a lot of these women; they feel very overwhelmed. Sometimes, you know, I can talk about my own wife, like, you know, she, she also particularly feels overwhelmed a lot of times. So, if someone listening to this, and they want to hear your thoughts on that, what advice would you have for them? 

 

Kaylee  Someone that’s still busy? 

 

Pancham Gupta  Yeah. And they’re making good money, you know, they’re hype little fashion, but they want to get into investing, but just don’t have the time. And it’s just so overwhelming. 

 

Kaylee  When you wanna get to investing. I mean, I think that understanding of baseline is really, really important. So, you know, knowing that you want to invest, for example, knowing that you have a passion for it, knowing that you kind of made that decision that for sure I want to invest and invest in real estate, it will take some kind of baseline knowledge. So, for me, I was just talking to a 21 year old on the podcast I was doing before Brian Briscoes daughter, she’s awesome by the way, her lightbulb moment was the same as mine, where we read Rich Dad, Poor Dad. So that was in cash flow. And then you’re going Oh, hey, now I understand how I’m going to get to the big red hotel, you know what I mean? And whether that’s you are part of the active Partnership, which is usually someone like me, who is doing this full time, like literally tomorrow, Asset Management call last weekend in 2000 miles in the car and go into several different states looking at property. So you have to have somebody on your team that can handle whether it’s the LP or whether it’s a general partner in leverage the skills and the time that you are the resources that you do have, you know, so once you’ve decided, Okay, I want to do this then get educated as far as understanding the baseline of why am I doing this and Then knowing how it compares to other investments, I think that’s really important because then it solidifies or what we call tests or your hypothesis as to why you’d want to do something. So, one book, I’d recommend, that’s a really small one, it’s called Moore M O O R E, the perfect investment. It’s a really tiny book like that big, but it’s just a really good one that I believe unbiased. It compares stocks, bonds, mutual funds, real estate, all the things crypto is not in there. So, I think he needs to rewrite it. But that’s, that’s a different deal. But point is, is that being having an idea of what’s available, and why you choose this certain type of investing is really important. So then if you get down that road, and you go, okay, multifamily is if this is what I want to do, then again, it’s kind of reevaluating. Okay, what do I have for resources available? Do I have time? Do I have money? Do I have the expertise? Have I underwritten slash Guaranteed Loan before? Could I be a key principal signing on loans and providing liquidity and net worth my group, whatever it is that your level of experiences, it’s important to be, you know, honest, so I have a lot of people that contact me, they’re like, I want to be active, I want to be accurate, I want to be active. And I’m like, do you have you know, do you have time? Like, no, I work full time and like, well, they you have to have someone that can work full time doing this venture, you know, or so you just have to be realistic with your resources. And don’t try to stretch yourself too thin. And the biggest lesson I think, for me, I’m learning it all the time, is it’s about who not How so? Family, being able to ask for help. Get rid of your ego, have no pride, and just turn to other people who have the resources that you don’t yet have and say, okay, here’s what I do have, how do we work together for both of us to win. So that’s probably the biggest, you know, three step, educate, make sure that you’re sure that you want to do it, and then put together or be part of a team.

 

Pancham Gupta  Got it? Great. By the way, Paul Moore is a great guy, and I have a signed book a great book. Yeah. So alright, so I have two more question given the time that we have before we move on to the next section of the show. So, what specific failure can you speak to that has set you up for later success?

 

Kaylee  Oh my god, stuff I just went through, um, I had never or been blackmailed, extorted, stolen from my family, threatened. I mean, I could go on for whatever over a year worth of whatever, you know, six figures and litigation costs, and they just go on and on and on. 

 

Pancham Gupta  Wow . Um, we can do an episode on that. Maybe I’ll invite you back

 

Kaylee  Well, I don’t know, I would give it a minute. Because it’s interesting, it’s over for me as far as that goes. And then then my attorney stole my settlement, and then spent it out of their trust account. So, he’s now under investigation under the Texas bar. And I’m going to say that out loud. So, I hope you post this, because you’re hearing he knows he got the complaint or whatever. But you know, like, the point is, is I have become so resilient. No one can screw with me, like, seriously, and I know that like, you know, you may look at me in person and go, oh, my God, you’re so young, you know, you look like you’re like 25, or whatever. But you go through these things. And so that creates, I was already resilient to begin with. But now it’s just like a level of like, you know, you can’t hurt me. So, another book that got me out of the large depression I was dealing with because, you know, these people make you out to be just like this monster that you’re not so that they can convince other people to turn against you. And you know who you are. But at the same time, I’m not a fighter, so I don’t go get in other people’s faces and try to like, prove myself, I’m like, look, I know who I am. You know, the truth will come out. Well, the truth is starting to come out. Like they’re all starting to now that I’ve left those companies, the investors are starting to contact me again and say, like, they they’re aware of the truth of like, kind of what happened and like, okay, seeds, that’s what happens. But another book that got me out of the depression of dealing with not being sure of myself, I guess, during that time was David Goggin’s’ book Can’t Hurt Me. Wow, I had been told to read that like, a million times. I’m like, Yeah, whatever. Well, when you’re going through something like a divorce, like a business divorce, like something where you’re just, I mean, I get it, this book helped me lose 10 pounds, but it helped me to, like, get out of depression. And most importantly, take the lessons that I learned and be able to say, you know, what you can say whatever you want, to whoever you want, I know who I am, and you cannot hurt me. And I mean that, like you have to go through your own process while you’re reading that or not reading it, or in your life or whatever. But when you get to that point of like, you know what, I know why I’m here on this planet. I know what I’m doing. You can’t hurt me, you know. So that whole thing was, I guess the thing that really has, I believe, watch me in the next year or so. I believe. Exponential growth. 

 

Pancham Gupta  Good luck. I mean that your own attorney stole money from you. That’s the first one.

 

Kaylee   Yeah, exactly. Thanks. 

 

Pancham Gupta  Oh, man. All right. So, my last question before we move on to the next section of the show, actually, before I go there, David Goggins. Can’t Hurt Me. I’ve not read that book. But I’ve heard his interview with Joe Rogan. It’s a two hour long interview. Oh my God, I got goosebumps after listening to that. It’s, there’s a lot of if you’re okay, listening to a little bit of swear words in it, I mean that it’s, he is he is a man with a mission. So, alright, so my last question for you before the second round is, do you have a morning routine? And if so, do you think that you know helps you that attributes to your success?

 

Kaylee  Yes. Today, I did not stick to it. And I don’t like that because what happens is then you’re on defense all day, instead of being on offense. I just I was so exhausted last week, I kept going back to sleep, I didn’t even, and I slept three, I took three naps yesterday, and slept well, the night before just wearing my body out. I did a summited mount massive last weekend. And then we drove to Colorado and drove back and then I mean, on online. So that routine, definitely when you are not tired, and so that’s a part of the routine, actually to is being clear. So, for example, on Mondays, I do podcasts on purpose, so that, you know, I can’t spend time out of the bar on Sunday, you know, I have to be able to be present and be able to pay people and be able to work on Mondays, you know. So having a great attitude is part of that. So, it’s kind of part of the routine, usually Sundays, I try to do like nothing workwise nothing, just family, eating, napping, whatever, you know, taking care of myself, time blocking has been huge. And then having that routine as part of that time block in the morning, I’m going to try a new part of this routine. But having a during COVID again, different levels of depression for different things, or whatever everyone goes through their own. I think without going too much into the story, I was highly depressed for about four days at the beginning of COVID. And saw someone else do this. And again, you know, don’t recreate the wheel. But putting together a self-belief statement that I was going to manifest that I decided this is who I was going to be no matter what no matter what happened. This was the path I was on, no matter who questions me like this is it so then I wrote it on my mirror, and I put it on there, you know, in a put on my mirror. And so, every day, I read that out loud, so it’s where it kind of started. And then the routine turned into. It’s like a gratitude journal. And so, the gratitude journal, I have a digital version on my phone just to get me in the habit at least because it was so hard for me to sit down and do that, but you got to do it like before 8am. And I also really call it train myself if you’ll discipline myself to not take calls before 8am period. Like there’s nothing before 8am that can’t get done after 8am. But that’s my time. So, spending that really five minutes or whatever writing out what am i grateful for what went well today before today even happen. So again, you’re on offense and not defense. And it’s been amazing, and really stressful times where I’m not sure what’s going to happen next, or I’m not sure what rabbits going to come out of the bag next to attack me. But I already knew what my plan was for the day, I already knew who I was going to talk to I already knew what I was going to achieve. And so, if it starts coming at you, you’re not on defense, you got enough, you can stay over there, and I will deal with your crap tomorrow, you know, like you just put boundaries together. So, it really has helped playing offense by having that gratitude journal. And then I guess the next thing I’m trying is to put emotion words behind my statement. So, my statement is, I am the most influential women of my generation, nothing can stop me. And then I’ve added I am the most peaceful crowd because these are feeling words, I feel peaceful. When I’m successful. I feel proud. When I’m successful by team, I feel all the feeling words that are actually built into that statement. And that’s what’s been repetitive every day. And so that I feel like I’m already there, you know, already living in that reality. So, it’s really, really helped with my confidence, honestly. And then here’s another thing a psychic friend of mine said to start, instead of digital journaling, doing it via colored crayon on a notebook pad. let’s you know how that goes. But as opposed to as opposed to evoke emotion and make you feel more invested into it. So, we’ll see,

 

Pancham Gupta  Wow, that’s pretty cool. So, thank you for sharing that. Kaylee. We’ll be back after this message… Have you ever wondered why the rich keep getting richer? What is the secret that they know but you do not? What if I told you that, well, the people make their money work for them in two different places. Yes, the same dollars invested into different places and working hard for them while they sleep. They utilize these special accounts that have been in existence for more than 100 years. Do you want to learn more about these accounts? Then you are in the right place? Listen to the episode number five by going to thegoldcollarinvestorbanking.com/banking show, I repeat the goldcollarinvestorbanking.com/banking show or visit thegoldcollarinvestorbanking.com. ….So, Kaylee, let’s move on to the next section of the show which I call taking a leap round. I asked these folks questions to every guest on my show. So, my first question is, when was the first time you invested outside of Wall Street?

 

Kaylee  It was in my young 20s. It was using a retirement accounts that I had from prior corporate companies. And y’all know my age, you know, you probably can see my age, I’m not that old. So, they were not well built up accounts. But that was something that I was able to use a small amount and invest in notes. So, the paper behind assets and cash flows every month. So, in my early 20s,

 

Pancham Gupta  Wow, you look like you’re in early 20s. So. So, all right, my second question, what fears did you have to overcome when you first invested outside of Wall Street?

 

Kaylee  You know, there’s, unfortunately, some fears that were built into my head from my parents. And so, I believed that I couldn’t be a business owner that I wasn’t smart enough. You know, there were certain things that I got involved in when I was a kid, and I wasn’t allowed to go because I was told I wasn’t smart enough. And so that was kind of a fear of mine, like, like, you know, that I wouldn’t be able to figure it out, like, you know, going into an unexplored realm of something that now my college has a degree for it, but at the time, they didn’t. And so, it was like, we just got to go learn it, versus like a defined path of being a nutritionist, or defined path being nurse or whatever, the fear of not being able to figure it out, you know, and now I know the secret to that. You just ask other people who have figured it out. I mean, with reckless abandon, you know, bring them drinks, bring them like chocolates, talk them about their family, like, but anyway, yeah, that was my fear.

 

Pancham Gupta  Okay, yeah. All right. So, my third question, can you share with us one investment that did not go as expected? Was it the one that just talked about,

 

Kaylee  I mean, that that would be a really good example, that was something that I had enough experience on that deal to be able to make it successful and make it go? Well, it was just that dragon person that just literally wanted to drain the accounts and take over and they didn’t care anything about the fiduciary responsibilities that we had to our investors, it was all about them. So that I feel like shouldn’t be what I focus on, because I couldn’t really change that outcome period, then hiring a better attorney will actually have better things and an attorney now deep research that I have information, that would have been good early on. But I was responsible for my first flip, that was something that I can talk about that, you know, talk about full cycle, how that thing turned out. And I was solely responsible for the going in, and the exit and all the in between that one, I just again, still was so young, in not in that process of being able to get over my fear of asking for help. But I mean, asking for help on everything. Like I figured, okay, I could Google this, I could figure it out. And at some level, you can, but I had people that I had resources at the time that I just didn’t lean on, who had done what I was trying to do, like 100 times in a year, you know, I mean, they flipped houses constantly. And there were certain things that I really should have asked more questions about. And those were things that later translated on sale to a decrease in price, or I had to negotiate down some things because I figured it wasn’t a big deal. It passed inspection. So, it wasn’t a big deal. But as far as looking at it from the lens of the buyer, you know, I could have gotten some more seasoned advice. And I should have asked for help more on that one. I did make a profit, a pretty good profit, because I mean, kind of how you do not when you buy a house for 20k, but you know, hello, that that was the point was finding something where there was enough screw up room. But anyway, so that was those big lesson again, just freakin ask for help slow down, you don’t have all the answers. Ask for help.

 

Pancham Gupta  Cool. That’s great advice. My last question, what is one piece of advice would you give to people who are thinking of investing in main street that is outside of Wall Street?

 

Kaylee  I would just definitely, honestly, from me, and this isn’t. I hate giving advice, because I think it like everyone has their own personal story, their own path throughout, you know, and so just doesn’t apply probably like 90% of who’s listening. But for me, my advice would be when you’re looking at investments in the future, obviously, you want to know about the profitability, obviously, you want to know about the track record of the team, obviously, you want to know about kind of like all the regular stuff, but what differentiates the people that you’re investing with? For me, if I was to be investing in another company, they’re actually we’re working on partnering with another fund. So, it’s, you know, we are investing technically and there’s, but it’s a mission driven fund. You know, it’s something that actually impacts our environment, it actually impacts our communities as an initiative that the fund has. So, picking your investments wisely as far as like what actually does this achieve on the planet? That would be I guess, my advice.

 

Pancham Gupta  Thank you. Thank you for sharing that, Kaylee. how can listeners connect with you if they want to reach out I know you have a free ppm guide for them and a free eBook. How can they get that?

 

Kaylee  Yeah, if you email me aptqueen. A P T Q U E E N@thegoldcollarinvestor, tat G O L D  C O L L A R investor.com, I’d be happy to give you the free ppm That’s for passive investors because you kind of want to know what to look at when you’re reviewing your documents. They also have a free eBook, that would be something I’d be happy to give you as well. And if you have a large 1031 exchange, not a lot of passive investors have this, but some do, and you’re wanting to move it into an apartment, we actually have a program so I have an agreement, an example agreement called a tip agreement that I could send you as well, if you’re interested in that.

 

Pancham Gupta  Great. Thank you, Kaylee, for your time today. 

 

Kaylee  Thank you, Pancham. 

 

Pancham Gupta  Thank you for tuning in today to listen to Kaylee McMahan, she has this goal of educating women and become financially independent. Thank you for listening. I really appreciate you if you have questions email me at p@thegoldcollarinvestor.com that P as in Paul@thegoldcolorinvestor.com. This is Pancham signing off. Until next time, take care.



Thank you for listening to The Gold Collar Investor Podcast. If you love what you’ve heard and you want more of Pancham Gupta, visit us at www.thegoldcollar investor.com and follow us on Facebook@thegoldcollarinvestor. The information on this podcast are opinions. As always, please consult your own financial team before investing.


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