Episode 166: Urological Surgeon turned Full-Time Social Impact Investor
In today’s show, Pancham interviews Dr. Felecia Froe – real estate syndicator, founder of Money With Mission, licensed urological surgeon, and host of Money With Mission Podcast.
Realizing that her mission is to change people’s lives through investing and not through medicine, she stepped away from her practice and helped empower people to achieve financial freedom. She shows that she is more than just a simple investor as she advocates for better health and wealth by investing in residential assisted living facilities, and providing food through vertical farms and grocery stores!
In this episode, she expounds how health is indeed wealth as she shares her journey in social impact investing and why it took 20 years to make that first step. She also unpacks her knowledge and insights about indoor farming, why she chooses to invest in it, and the positive domino effect of investing in asset classes that makes an impact so don’t miss out on this episode!
Listen and enjoy the show!
Tune in to this show and enjoy!
- 0:40 – Pancham introduces Dr. Felecia to the show
- 2:14 – On making a social impact and changing people’s lives through investing
- 8:07 – How she dealt with negativity and stress from her career shift
- 10:19 – The 2 most important factors when looking for investments
- 12:46 – Indoor-controlled farming and its various perks to others
- 21:38 – How the COVID-19 pandemic helped her focus on bigger goals
- 23:08 – How her healthy routine helps her have a productive day
- 25:56 – Taking the Leap Round
- 25:56 – How her patient helped her through her first investment
- 27:04 – On having no fears when she first invests outside of Wall Street
- 27:41 – How her portfolio of properties didn’t work out as expected
- 29:04 – Why investors should learn from someone who has experience
- 30:24 – Where you can get her report “5 Things to Know Before You Invest in Social Impact”
3 Key Points:
- Passive income is important as it can help you have income streams even if you need to halt your work for a while due to other reasons.
- Bringing agriculture closer to people such as indoor-controlled farming would help improve the supply chain and help the earth as well.
- There are a lot of ways wherein you can invest and create a positive effect on people’s lives. It all just comes down to how you’ll implement it.
Get in Touch:
- Accountable Equity – https://accountableequity.com/
- Renault Winery Resort and Golf – https://www.renaultwinery.com/
- Listen to the previous The Gold Collar Investor’s episode with Josh McCallen at https://thegoldcollarinvestor.com/show60
- The Gold Collar Investor Club – https://thegoldcollarinvestor.com/club/
- Pancham Gupta Email – email@example.com
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki – https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
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. I have Felicia Froe as my guest today. She is the owner of Money with Mission podcast and the company investment company that is focused on empowering professional women to build wealth and achieve financial freedom through social impact investing. Dr. Felicia was an AES licensed surgeon with over 20 years of experience. She has written many bestselling books, including How to Create Wealth that outlives you. Plus, she is an advocate for sharing the great work others are doing for their community through her podcast, Money with Mission podcast, and she’s invested in residential assisted living facilities and also providing food to food deserted areas with indoor vertical farming and grocery stores. Hey, Felicia, welcome to the show.
Dr Felicia Froe Thank you, Pancham. I’m excited to be here, catch up with you, hear what’s going on and share what’s going on with me.
Pancham Gupta Yeah, absolutely. I am super excited about having you on the show. You know, I’ve been really looking forward to the show. We have a doctor, investor, and entrepreneur on the show. So welcome. And before we get started, I would like to ask you, are you ready to fire up my listener to break out of Wall Street investments?
Dr Felicia Froe I am so ready Pancham. You cannot understand you just do not know how excited I am to share and help people get out of Wall Street.
Pancham Gupta That’s awesome. I share the excitement. So, Felicia, you know, for our listeners who don’t know you tell us about your background and more importantly, the person behind that background.
Dr Felicia Froe The person behind the background, okay. I am, as Pancham said, I’m a physician, a urologist, that’s my base. Actually, my base was before that, but you know, mom, daughter, mom, daughter, you know, I’ve got all this stuff, all the trappings of life. For the years I’ve been on Earth , I’ve been a urologist for almost 30 years now. And about five years into urology, I realize it wasn’t what I was going to be doing for the rest of my life. And it took some 20 years later for me to really take a big step to do something different. I read Rich Dad, Poor Dad, I don’t know in 2004, or something, a business owner, a woman business owner gave me that book and it opened my eyes to so many things about money, something we never learned anything about. We don’t learn about money in school or any way we just know how to spend it, basically. But learn about assets and learn different ways of making money. And we started buying rental properties in about 2005, 2006. Lots of things happen and we can go into all that a little bit. Ultimately, I’ve come upon my company, Money with Mission and I formed this company for people like me high earning just like the people you work with Pancham, high earning. My focus on women who got to a place in their careers and realized it wasn’t necessarily everything they thought it was going to be, especially the part about their income, where you realize that you were taught to save money for retirement. And then you realize a lot of things happen before retirement that you need money for, that you’re not prepared to do. So, what Money with Mission is here to do is social impact investing, we leverage every investor dollar to provide a financial return for the investor plus make an impact on the community. So, we want women, we want men, we want people to have that passive income so that you can have money coming in just in case you have to stop working for a little bit to take care of a sick child just in case you have to stop working for a little bit to take care of a parent. So, all these things that have come into my life made me realize that passive income is so necessary, and I want to help people understand how to get it outside of their 401k or their IRA or their whatever thing they have that’s on Wall Street.
Pancham Gupta Great. You know, there’s so many things you said over there, and I want to dissect parts of it. So, you know, you mentioned that you are a urologist, right. You’re a surgeon by education. Yep. And then you left that career to get into real estate, start Money with Mission and you know, do all the great things that you discussed. So, tell us about that transition, right? Like, you did give couple of reasons. But like, tell us about the transition like when did you first think of it? I know you read Rich Dad, Poor Dad, you started buying some properties but at what point you decided, okay, you know what, I want to just go into this full time. Do you practice being a doctor right now or you’ve completely stopped?
Dr Felicia Froe I intermittently practice. So, it’s, it’s to help with some funding of things that we could talk about, you know, and things don’t always go as planned, as we know in life. And so, I did step away from it, and then realize, oh, shoot, that investments not going exactly like I wanted to go. So, I’ve got to bring some more money into that. So different things have happened. But the step away, the transition took a very long time, I wasn’t the jump off the cliff, as soon as I got the idea person. It was 20 years in the making of trying things, doing a little bit of investing, having a whole investment portfolio fall apart, and learning from that, and then deciding, you know, yes, real estate is the way to go. We just didn’t do it right when we first went into it, there’s so much to know, as I know, you know, Pancham, to being a real estate investor, especially when you start managing other people’s money, and they’re passive investors, they’re it’s a gut wrenching, scary, it’s just a lot of responsibility and understanding exactly what you’re doing is the one of the most important things to do. So, for 20 years, we did the investing, we made mistakes, we didn’t win, I’ll just, you know, learned, basically, what mistakes are your learning opportunities. And ultimately, it came to, you know, I feel like I am not doing everything I’m here on this earth to do, basically, that’s really, really what it came down to, I am here to do more. And I kind of was in this place of Yes, I mean, being a physician is of impact position, you know, you can make a lot of changes on people’s lives. Madison became not, it showed me to not be the vehicle that I am supposed to use to do that. So ultimately, I got the courage, the guts to take that step and hope that wings will fall off my back as I jump off this cliff. And so far, I’m floating, it’s still you know, we’re gonna fly, fly fly. It’s scary, scary, scary, scary to make that jump, but also very, very exciting.
Pancham Gupta Yeah, this is so you know, that quote, someone mentioned, and I’m sure you’ve listened to this, that, you know, entrepreneurship is like jumping off the cliff, and figuring out how to build a plane on the way down and hoping the plane would fly before you hit the ground. So, I guess you’re at the stage of building the plane and hoping that it would fly.
Dr Felicia Froe We got the wings on, the engine sputtering, it’s got, it’s coming, it’s coming, it’s coming. And it’s gonna go. It’s gonna happen.
Pancham Gupta It’s going to happen. So, you know, yeah, we all go through this journey as entrepreneurs, right? Tell us about your like, what was holding you back when you were initially trying to do this and was there any negativity around you? And if so, how did you get away from that?
Dr Felicia Froe There was a lot of negativity, and there was a lot of stress about doing it. I mean, you become a doctor, you’re a doctor, what else do you know how to do I actually had another physician say those words to me, what else do you know how to do? My parents, when you went to school to be a doctor? What do you mean, you don’t want to do that anymore? There was some real estate, well, I think around the 70s, late 70s, there’s a lot of changes in the laws and taxes and how things how real estate’s managed and my dad was, yeah, you don’t want to do that, that’s not, you just keep doing what you’re doing. Just keep working, keep doing your thing. And when your parents are telling you something, it’s a hard thing to break through. It’s hard. And I think that was probably 5 to 10 years of me working through that and having them understand that I’m not happy where I am. And this isn’t what not what I’m supposed to do. And finally, when I’ve said I’m quitting doing it, I don’t think I even told them until I quit. And then it was till it was too late for them to try to talk me out of it and bring sense to my head. So, when you start telling people what you want to do that’s not in their comfort zone, they want to try to be your parents, they want to protect you. Other people just sometimes depends on the person, but they don’t want to necessarily see you fly, they don’t want to have their own desires shown. In other words, the guy who said to me what else can you do? You might have had that idea in his own head that he wanted to do something, but you know, I’m a doctor, what else can I do? And for me when I ultimately thought about that after I got over the shock of him saying it’s like I could do anything I want to medical school for gosh sakes,
Pancham Gupta Exactly.
Dr Felicia Froe I graduated from medical school, I’m in practice, I can do whatever I freakin want to do. And so, but it took a while. I’m not saying it was like overnight at all, like I said, 20 years it took to make that jump. But all those things built into it.
Pancham Gupta Got it. Got it. So now given that where you are now, right, you start, your mission is to do social impact investing, and you’re in multiple asset classes, right? Like, I see that you’ve done residential assisted living homes where you’re providing care for elderly residents, right. And you have now you’re providing food to the food desert areas that indoor farming, which I’m sure a lot of people probably haven’t even heard about and grocery stores. So, I want to ask you like, what is your favorite asset class and why but before that, like, how do you pick on where to make an impact?
Dr Felicia Froe Yeah. So, the things that are important to me are health, and wealth, and you can’t have one without the other. So, I mean, when I was deciding to leave medicine, I had to really look and see what part of this helps me move forward. And the part that helps me move forward is that I like relationships, I love forming relationships with people, and I love helping people be healthier. Traditional medicine doesn’t do that it helps you not be sick, but not be healthy. So, health comes from a lot of things, including what we eat. So, when I look at what I’m going to invest in, or what I’m going to potentially invest in, I’m looking at something that’s going to make an impact in either our environment and in the health of the people who are participating, and who will benefit from that project. That makes sense. So, another thing we’re looking at, you know, farming and farmland and regenerative farming, building the soil back up, carbon capture all these different things that really contribute to our health, then the ripple effect of that the investors are going to become wealthier and from the investment. But in addition, the people who benefit from that investment, the community where that investment is, you can see their wealth can grow because they ultimately benefit from healthier food. The use of a grocery store, for example, we have a grocery store in North Tulsa that hadn’t had a grocery store for 10 years, is how many things can be off of your mind. If you know you don’t have to spend an hour on a bus to go get groceries for your kids. I mean, you can just become such a different person when you can think differently. So that makes sense.
Pancham Gupta Absolutely. Absolutely. So yeah, I think that’s awesome. Can you talk a bit about for people who don’t know about indoor farming, it’s called Hydroponics.
Dr Felicia Froe Hydroponics. Yeah, indoor controlled agriculture. It’s hydroponics, aquaponics, permaculture, all these kinds of things. There’s all slightly different, but it’s just a way to be able to grow more food. Now, I’ve learned so much about regenerative agriculture and regenerating the soil that would also make food grow faster, and you can grow faster food, organic food, by faster food, I don’t mean fast food, grow food faster, in places where you weren’t able to necessarily grow food year round. So, when we initially came in with the indoor controlled farming, we’re thinking about putting that here in Tulsa, bring jobs, bring food closer so that you don’t get nutritionally depleted food, shipping it from California, Arizona, Florida, it’s a water saver, the energy that you can generate your own energy for that by solar by dos have different ways to do that. And you can control the food, you can control what’s growing, you don’t have to deal you don’t have to have pesticides, herbicides, all those kinds of things, you have a better control over what’s growing in there. So that’s one way to increase our food supply. And everybody knows that with COVID. There’s such supply chain issues with so many things. I’m sure people have gone to the grocery store and seen that where’s the whatever meats, meat is in lower supply, because during COVID, so many people had to just actually the farmers had to actually sacrifice their animals because they couldn’t get them to market. So, these supply chain things are one thing we’re really working on to make supply chains a little more local. So, there’s a ton going on in this space.
Pancham Gupta Right. So, you know, even for my own benefit, I like, so this is when you say indoor farming and it’s faster growing of food, just want to make sure that this has nothing to do with GMOs or you know,
Dr Felicia Froe Exactly the opposite of GMOs. Nothing that’s going on. This is real food, and it’s just controlled so you can turn you can grow head of lettuce in six weeks and turn over your crops very quickly. But it is a natural, organic non GMO head of lettuce that you’re going to be eating.
Pancham Gupta And since it’s grown inside, let’s say you were to compare it with the same product, which is going outside, it looks and tastes and feels exactly the same?
Dr Felicia Froe Exactly the same, exactly the same. And it may actually taste better depending on where you’re getting your other your food from. Now, if you’re getting your food from a farmer that uses regenerative soil techniques, it may not taste quite as good, but it’s going to definitely be better than the stuff you buy in the regular grocery store. 100%.
Pancham Gupta Got it and so and you know, I have a couple of other questions on this. So where, how far are you from this right now? Like, have you done something in production may were meaning that you’ve actually grown stuff and actually sold some first crop or out of it or is it in the test stage for you?
Dr Felicia Froe Hydroponic indoor controlled farming is not test. There are lots of companies out there doing that we do not have our farm built, we’re still, we’re close to being ready to build but our own farm is not built yet. But indoor controlled farming is not new technology. It is growing. There are several companies on the coast that are providing that you can buy tomatoes now, I think even in Walmart that are hydroponically grown, so it’s not new technology at all.
Pancham Gupta So how old is it that since this has become more mainstream,
Dr Felicia Froe I’m trying to remember the name of the company, I want to say plenty, but I’m not 100% Sure, that has really grown, they had a lot of venture capital behind them. And I’ve known about it for the last three years when I’ve been started working in the field. So, I know that they probably been around even before that, but just catching on and realizing that this indoor controlled farming in the US now in other countries, they were using it long time ago. But in the US, it’s become a much more popular way to grow food, because of the increasing numbers of people decrease amount of land, and the commercialization of farming actually, and how the land has been just depleted. So now we’re trying to turn that around to also to get to get our actual Earth to be able to grow better.
Pancham Gupta God got it. Okay, so what’s your, are you planning on syndicating your farm? Like, is it what’s the business model behind that?
Dr Felicia Froe I’m still working that through. So, a lot of, I mean, I come up with a new idea every day like most entrepreneurs do, and I try to focus down on something. So, it’s the greenhouses for the inner controlled farming, that’s one potential, it’s two real estate. So, it’s a real estate play for that one, then there’s land that we can also buy to do the regenerative farming techniques. So, then that’s supporting a farmer. There’s the buy the land that the greenhouses on. So, there’s all kinds of different ways that everybody can make money on this. And it’s basically fleecy, coming down to exactly how are you going to do this?
Pancham Gupta Got it. Got it. Cool. That’s awesome. So
Dr Felicia Froe Not to mention, I’m sorry, Pancham, the grocery stores that we can supply. So, you can actually own a building that becomes a grocery store to get a grocery operator in there. And now you have someplace to actually sell your produce. It’s all there’s a full supply chain is available for us to fix and make better.
Pancham Gupta Yeah, I’m like, you know, if you asked me like over coffee or drinks you and I won’t, I want to really understand why is it not in every household? Meaning that you know, you could easily buy something from Amazon right now to test it on Friday, something called hydroponics machines, right? Like, you can grow lettuce and some other stuff inside your house. It’s like, it’s not a commercial solution. But it’s like whatever personal use solution. So, my question really is, which kind of I have been thinking about, like you mentioned since COVID, it’s been a lot of supply chain issues. And we have the solution, we have this something that even average person who says that he doesn’t have time or space to do this, it doesn’t take a lot of time, and it’s easy to do. Why is not everyone doing it? And it’s not been talked about in mainstream media. I never actually heard about it, right. So, what’s the reason? Do you know behind that?
Dr Felicia Froe No, I don’t know but I could speculate, that’s all conspiracy theory. And it’s all about money. And who’s controlling our farms and who controls the food that we eat and get where it comes from? I mean, that’s, that’s the only answer I have, because it doesn’t make sense. There’s so many commercial products that you can grow, and I can’t remember the name of the company, but it’s I can’t remember the name of the company but a small hydroponic grow unit for your house. It’s not that expensive and you get to plant the seedlings from them and grows. You can even build it if you’re a builder. You want to make one yourself you can do that. You can build an outdoor raised garden if you want, like I want my food to grow in dirt, the indoor controlled stuff does not grow, and dirt grows just in the water solution. If you want your food growing in dirt, build yourself an outdoor, raised bed and do that. There’s just so many ways, I think everybody gets so busy and we’re so used to just go into the grocery store and buying our food. When we wake up one day and realize that’s not there anymore, you know, Chris Martenson and Adam Taggart, talk about social capital talk about different eight forms of capital, you better have some social capital, and so people can get your food from if we get to that point.
Pancham Gupta Got it? Great. Thank you for answering my questions on that. So, you know, I want to, at this time, ask you like, which one is your favorite asset class if you have one? If not, that’s totally cool. Do you have a favorite asset class?
Dr Felicia Froe I don’t think I do, I really don’t. If it’s gonna affect people’s lives in a positive way, which every one of us in our syndication business is affecting people’s lives and the people that I know affect in a positive way. So, we tie talk on my podcast money with mission, I talk to all kinds of people multifamily. So, if you buy apartment buildings and make them habitable for people, that is social impact, if you buy, I don’t know, campgrounds for people to spend time outside, and enjoy the outside. That’s social impact. So, anything that has a positive effect on people’s lives, for me is a target, and good for investing.
Pancham Gupta Right? That’s awesome, right. That’s a unique perspective. And right now, you’re focused on two things, mainly the food side and the residential assisted living,
Dr Felicia Froe Correct, Correct.
Pancham Gupta Cool. So has COVID changed any of your strategy, since you I know you recently moved to Tulsa, Oklahoma, but has COVID made any impact to your business for the good or for the you know, for the worse?
Dr Felicia Froe I think it’s changed my focus to bigger supply chain, it’s made it bigger, my vision is bigger. First, it was a grocery store, or it was the indoor controlled farming. But putting that stuff together, I’m on the boards of several local urban agriculture organizations here in Tulsa. And it’s actually pretty big of how people are trying to improve the supply chain for food, especially in the in the Midwest, I mean, we don’t grow a lot of produce that we eat locally, a lot of it is a lot of meat, beef, and pigs, and that nothing everybody, like everybody doesn’t eat it. I don’t know about your boss. I’m definitely a meat eater. But the produce is, is good, and you want to have meat that is grown? Well. So, I don’t know, I think the commercialization of our food has been a problem. And it’s definitely a problem in the supply chain world that we learned in COVID. So, me and my group tackling bigger supply chains has made is the biggest difference for me, looking at it more globally than just the individual pieces of the supply chain.
Pancham Gupta Got it. Cool. So, my last question for you before we move on to the second round of the show is and I’m going to switch gears here. Do you have a morning routine that you follow? If so, what is it and you think that attributes to your success?
Dr Felicia Froe I have a morning routine and I haven’t been in it lately. And I think that yes, it does contribute to my success. It makes me more productive in the day. And what I do is I have a glass of water when I first wake up, I go to the gym three times a week, I come home, I drink my super greens drink and take my vitamins, and then move on to my day. I actually I read sometimes I journal sometimes those aren’t the everyday things that they were at one time but I’m getting back to things like moving to Tulsa and my lap now. My mom lives with me that a lot of things changed in my life and a routine is key and getting back to a routine is where I’m going right now.
Pancham Gupta Got it. Cool. So, thank you for answering all those questions. We’ll be back after this message… Do you ever feel overwhelmed by the thought that you have no time after work and family time to learn about investing? Do you feel left behind that you are not putting your money to work for you? Do you want to create passive income, but you do not know where to start? If so, I have good news for you. I have created an investor club which I call The Gold Collar Investor Club for accredited investors. I will be putting together investing opportunities exclusively for this group. These are the opportunities where I have done my part of the due diligence for you and will be investing my own money alongside you. If you are interested, please sign up on thegoldcollar investor.com/club. I repeat, thegoldcollarinvestor.com/club. I will reach out to schedule a 30 minute phone call session to discuss your investing goals. Once you sign up, this can be a good opportunity to diversify and take some chips off the hands of Wall Street to produce some cash flow. And in case you are wondering, what is an accredited investor, accredited investor is someone who has earned more than 200,000 as filing single, or more than 300,000 filing jointly for the last two years. Another way to qualify as an accredited investor is if your total net worth is more than $1 million, excluding your personal home, it includes your stocks for one case, IRAs, cars, etc. Just not the equity in your personal home. If this is you, I would highly encourage you to sign up…. So, Felicia, and let’s move on to the second part of the show, which I call taking the leap round. I ask these four questions to every guest on my show. My first question for you is, when was the first time you invested outside of Wall Street? Was it right after reading Rich Dad Poor Dad?
Dr Felicia Froe It was shortly after that I think I read that book 2002, 2003, somewhere in that we bought our first rental property in 2004 to 2006, I can’t really remember. And the interesting story behind that is one of my patients at the time, was young lady who could come to come to appointment, like what time do you just come to play or whatever? And I want to ask her, what does she do? And she said, she’s a real estate investor. Time went by and I found a house and she came to look at it with me. And she we walked through it and I’m scared. I mean, I’m nervous to buy a house and she said, listen, if you don’t buy this house, I’m gonna buy it. If you buy it, we’ll let you use our crew to rehab it. If you buy it, rehab it, and can’t rent it. I’ll buy it from you.
Pancham Gupta It can’t get any better.
Dr Felicia Froe I’m buying. it
Pancham Gupta Wow, that’s awesome. That’s like, you know, really, really, really helping you get started.
Dr Felicia Froe It really was, really good.
Pancham Gupta Awesome. So did you have any fears you had to overcome after that conversation to buy that one
Dr Felicia Froe After that conversation? I did not, like wow, I can’t lose. I trusted her a lot that she’s still a friend. So, with that, no. And believe it or not Pancham, that was back, I was a VA on property. And all they wanted was $500 down 500 bucks. So, I mean, we’ve scraped together the $500, put it down. It costs probably 5000 to rehab, and we got tenants in there. And then we are just we’re off to the races just like wow, okay, here we go.
Pancham Gupta That’s awesome. Awesome. So, can you share with us one investment that did not go as expected?
Dr Felicia Froe Yeah, I can. The first property and the 19 we bought after that in two years, we really scaled up fast. And then 2008 came, and we realized that we were not well capitalized. And we have properties where nobody was living in them. And we had moved actually out of state and our managers weren’t doing a good job. And so, we lost that entire portfolio of properties. And that was like such a big hit to my ego and just big hit to my heart and my gut. It was failures, not pretty, it’s not fun, it feels really, really bad. And it actually came down to a decision to make, we could keep throwing money at all this and never know that when that bottom was going to come, or you could walk away. And we I made the decision to walk away, which was really a tough one to make. it turned out it was hard.
Pancham Gupta I can totally imagine. Well, here you are totally bounced back and that’s awesome.
Dr Felicia Froe Realizing that real estate was not the problem, but our knowledge, we had a gap was the problem. You can fix that and just get up and let’s go.
Pancham Gupta Yeah, exactly. These are real world seminars, just like your medical degree. This is your real estate seminar.
Dr Felicia Froe Exactly.
Pancham Gupta All right. My last question for you. What is one piece of advice would you give to someone who’s thinking of investing in the main street that is outside of Wall Street?
Dr Felicia Froe The advice is to do it, find someone that you trust, get to know someone to listen, you think about when you’re investing in Wall Street, you’re doing your 401k you basically are putting your money in a suitcase and handing it off to somebody that you don’t know, and trusting them to take care of it for you. When you’re investing outside of mainstream especially if you’re going to invest with someone like Pancham, your investment someone like me or a syndicator you will get to know that person, if they are, I’m going to use this this is a judgment a good person the way I think of them as a syndicator. There’s somebody who wants to know you, wants to know your goals, wants to know what your risk tolerance is, and they’re not going to put you in a in an investment that’s not for you. But you have that person’s phone number you can pick it up, pick up the phone and call them when you have a question. So, find somebody you trust, find somebody who’s been doing this for a while, find out what problems they’ve had and how they overcame them and where they’re going what their plan is, and then start investing with them.
Pancham Gupta Right. That’s great advice. And definitely, it’s a huge difference between, you know, having someone you know, personally versus just handing over the money. Great. So, you know, this has been great. how can listeners connect with you? I know you put together an amazing report Five Things to Consider Before Investing in Social Investments, right?
Dr Felicia Froe Yeah,
Pancham Gupta That make an impact. So how can people get that and how can they connect with you?
Dr Felicia Froe And listen, you guys, I would love for you to get that report. Five Things to Know Before You Invest, and Social Impact and you can go to moneywithmission@goldcollar investor.com. That’s firstname.lastname@example.org and you’ll get that report. You can find Money with Mission on Facebook, Instagram, Twitter, were everywhere. And it’s Money with Mission spelled just like you would think it spelled throw it all together and there you are. Follow me Felicia Froe, were, just catch up with us.
Pancham Gupta That’s awesome. Anyone listening definitely would check out what Felicia has to say on her podcast, Money with Mission and definitely check out her report. And if you are a doctor and have been thinking about stretching and getting out, maybe reach out to Felicia for point of view. That’s great. Thank you, Felicia for your time here.
Dr Felicia Froe Thank you, Pancham. I really appreciate it. It’s good to talk to you.
Pancham Gupta Yeah, good catching up. I hope you learned something from Felicia and her perseverance to quit her surgeon practice and then jumping on to Money with Mission in company to help with social impact investing. And I would definitely encourage you to get her free eBook which is Five Things to Consider Before Invest in the Social investments and you can get that by emailing at moneywithmission@thegoldcollar investor.com. And if you have any questions, email me at email@example.com That’s P as in Paul @thegoldcollarinvestor.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.