Episode 48 – Feeling Stuck with COVID? Learn how you can turn it into motivation now!
In today’s show, Pancham interviews Madhavi Nade Jain, Founder, Think Outside The Stocks.
Five years back, serious health challenges forced Madhavi to quit her demanding corporate job at Deloitte – to get into financial consultancy. Specifically, Madhavi helps people invest and earn good returns in real estate.
In today’s show, Madhavi shares her big WHY – her main inspiration behind forming her company, Think Outside The Stocks. She goes on to share some investing nuggets that are guaranteed to help both novice and experienced investors.
Tune in to this inspiring show now!
- 01:11 – Madhavi’s background information
- 02:13 – Why did Madhavi quit her cushy job at Deloitte?
- 04:55 – How a strong mindset is helping Madhavi cope up with her serious health challenges
- 06:53 – Madhavi shares her investment philosophy
- 09:13 – How a structured morning routine helps Madhavi set the tone for the day
- 10:13 – How to model your investing strategy on highly successful people
- 11:25 – Madhavi shares her inspiration for her company, “Think Outside The Stocks”
- 15:53 – How has COVID impacted our professional life?
- 16:24 – Simple strategies to lead a more fulfilling, more productive life
- 19:27 – Madhavi’s ideal client avatar
- 21:14 – Taking the Lead Round
- 21:14 – When was the first time Madhavi invested outside the Wall Street?
- 21:52 – What fears did Madhavi have to overcome when he first invested outside the Wall Street?
- 22:47 – Can you share one investment that did not go as expected?
- 24:12 – What is one piece of advice you would give to someone who is investing in the Main Street?
- 26:56 – Madhavi shares her contact information
- 29:00 – Get access to Madhavi’ online financial courses for FREE
3 Key Points:
- How real estate can help you enjoy a better work-life balance
- Advantages of real estate investing over stock market investing
- How to model your investing strategy on highly successful people
Get in Touch:
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: We have seen firsthand the impact of COVID-19 world is in a lockdown mode. You cannot go to work, restaurants are closed, it’s advised to socially distance yourself. Now imagine that because of the health condition. Something similar happened to someone way before COVID they’re being told you cannot go to work. You cannot visit anyone and you have to socially isolate yourself. How do you keep yourself motivated in such a environment where the world is moving at a high speed and you are socially isolated? Well, my guest today Madhavi is a living example of this. Madhavi is an owner and the president of think outside the stocks. She lives in Austin, Texas. Prior to starting her company, he worked for one of the top five consulting firms. He has 17 years of project management experience in the IT industry has strong analytical skills and detailed process-oriented approach. Madhavi, welcome to the show.
Madhavi: Thank you so much. Pancham I am so honored to be on your show.
Pancham: Oh, great to have you on. So are you ready to fire up my listeners break out of Wallstreet investments?
Madhavi: Absolutely. I am as excited as you are. So thank you so much for keeping up this finish. So fun. And it looks like we have a similar mindset. So I’m ready to jump in.
Pancham: No, that is great. That is great. So Madhavi, Tell us about your background. I alluded to it a little bit in the intro. But, you know, what’s your background? And why did you have to quit your job?
Madhavi: Nice question. Thanks for asking that. I actually come as you said, and reading…oh, by the way, thanks for that small intro. I come from a strong IT background and for 16-17 years I worked with a large consulting… mostly into project management, right. And actually, my health started deteriorating about four years back. And I still kept at it as to keep that corporate life at work in life with having two kids and trying to cope up with this fear the pace that you know, it offered, but ultimately, five years back, I had to, you know, pull that plug make that decision that my health is more deteriorating, and it’s not going anywhere. So just need to focus on that. And I had to take that step. I mean, imagine in a call, people doing great with career and suddenly I had just how to pull myself from all that speed to nothing to the next day. And you know, given that to my home, you know, that’s something that I had to do at that time.
Pancham: Right? So it was because of your health, like you said, right? And how did that feel in terms of at the time? What was your mindset like?
Madhavi: So going back to that, the health problems, right, I mean, first of all, me trying to struggle, you know, having to deal with the day to day life, and trying to pull that plug out, that kind of that initiate change of the mindset The next day, the face of my life was completely different. And at the same time, my problem is still there and the problem is not gone, even if I did cut that off the corporate world. My problem and the problem is basically an invisible illness. What I have is an idle mind. Share with the listeners of what I have is a chronic pain condition called fibromyalgia. And with that what it is that you know every part of my body wherever there is muscle, it just hurts constantly and how you while you were mentioning some time back with COVID how you know we are isolated and kind of social distancing lockdown right now. That’s what happened with me my condition pretty much isolated myself into the social distancing inside the home. And, you know, for me even to you know, get up, get ready, get outside, walk for five minutes or stand for five minutes and talk. That’s a lot of effort. That’s a lot of pain for me. And that’s constant pain is what I have been dealing for last four years. So with that you’re right to point that out the mindset. That’s really what I focused on. What I focused on, is the Good two parts right of me there is the outside part of me, which is my body which is at this no chronic illnesses constantly dealing with day and night 24×7, and there is the inside of me, right? What is inside I started making that inside more stronger, more, you know bigger than my outside and that’s basically the mindset that I started looking at enlarging trying to make myself from inside bigger than what my problem that outside is. I think that’s what helped me and while doing that, like I focused on basically two things right? The first thing is the intention of it right so before you even start doing okay, what do I need to do and how do I do it? I focused on why do I need to do it right so that why that motivation, I made it so strong. So here I am. Here’s this weakness in me which is trying to take care Were my life My purpose. And then I pretty much narrowed it down that what my intention? What do I want from my life? Right? What kind of story I want to tell myself as Tony Robbins says right then you basically create your own story, right? You flip the script. And that’s what I decided. So that intention is the first thing I’m focused on, I made my why so strong, so that, you know, I can have my significant so I can add value to myself to my family and community around you. That’s what I focused on. And the second part of it is then, you know, the first part, of course, is the intention. And the second part of it is the mindset and the mindset is about that, how and what needs to be done. And I often say that, you know, my investors do actually that in life when it comes to financials, you have to kind of, you know, take a different perspective, you have to go a little bit up. Look at the life differently like a birthday View almost. And from the top you like imagine, you know, you’re trying to create a path in a forest, right? And you’re trying to create and you’re you know which direction generally you want to go. And somebody goes up there and have that bird’s eye view and tells you, oh, wait, stop, that’s the wrong forest that you’re going into, you need to go you know, completely different forest and make that same effort. So that’s what the bird’s eye view. That’s what the bird’s eye perspective, I would say that, you know, I looked at creating that mindset and defining, okay, what steps I need to do and that’s what basically what, you know, I would advise and it just helped me tremendously it’s my struggles and making it work where I am today.
Pancham: No, thank you for sharing your you know, personal challenges so publicly so you know, I know it’s very hard actually to do that. So thank you for you know, sharing that my question for you I hundred percent agree with Tony Robbins, quote, his quote is change your story. Change Your Life. Like you said, you flip the script, you kind of tell yourself what you want to tell yourself, and that will help you actually create the change in life that you want. So my question is, like, were you able to do all of that by yourself? Like mentally getting so strong and being able to, you know, think positively and creating this positive change, even though, you know, doctors said, then you know, you’re not going to your job and you’re staying home and all that, like, did you seek out external help? Or it was all inside of you?
Madhavi: Great question, Pancham. And yes, there is a lot of outside action. This is the time that you don’t need to reinvent the wheel. There’s so much you just have to define what you want. So when I said that, you know, focusing on that mindset on how you’re doing that, that kind of, you know, for me narrow down that applied motivation, and then getting that right mentoring getting the right people Even around me getting surrounded by right kind of people that were basically what I thought so I follow a lot of people for example spiritually I love Sadh gurus teaching so you know I have gone and done course with him when it comes to my you know body mind stability. And I start my day with a SAVERS routine. I don’t know if you’re familiar with the Miracle Morning mindset. This is basically.
Pancham: Yeah, that’s a book for listeners. There’s a book called Miracle Morning by Hal Elrod, I believe the author and he has this acronym called SAVERS where S stands for silence a for affirmation V for visualization. E for exercise are for R reading and S for scribing,
Madhavi: So yeah, so yeah, that’s how I start my day. And you know, just having that intention, even in your day to day life is very important. So when it comes to, you know, magic About the passive investments, you know, I, I relied on my mentors when it comes to multifamily when it comes to coaching or the mindset, you know, I have Trevor my paper as my course. So, you know, you don’t have to reinvent the wheel just look upon somebody who’s successful in doing that, and go and reach out and you know, when I’m, I’m what I’m doing right now, but think outside the stocks is basically bringing that you know what I have done so far to my passive investor so they can they don’t have to reinvent the wheel and they can plant themselves and start with that education. So right mentorship, right people in your life and inspired by them and you inspiring them mutually. I think that’s the key. That’s the key to success.
Pancham: No, thank you. So let’s move on to…it’s a great segue. You mentioned think outside the stocks. And you also mentioned the second part was like once you were strong internally, you wanted to be thought about what you really want to do and you came with this idea of creating think outside the stocks as a company. And then what was the motivation behind that? And what are you doing with that right now? Like, what are you up to now? And just about that? Sure, sure.
Madhavi: So think outside the stock actually comes from my mindset. The mindset is constantly think differently. So for me, that has been, I always approach things differently. I look at things differently, even, you know, like the health challenge that life gives me, I look at it differently and I’ve changed it into something else. So think outside the stocks, actually, as it says, and very similar to your gold collar investment is helping people to do the alternate investments outside the stocks, more stable, more high growth that can add, you know, benefits to them, providing some tax benefits as well. So we think I’ve said this talk so why was formed right when I say started doing the alternate investment. The first day when I left my job, the first problem I had in front of me that my daughter was, by the way, 17. Now, her education, her college education was right around the corner. So for me, I wanted to have an alternate strategy in place before that happened so I can support her education. And I had to have a habit passively, because I did not have that physical effort that I could go and put in. And I started looking at real estate and real estate has been on mine for years. I mean, you know, even going back kings and queens did that and you know, they fought for the real estate, they even went on wall for it. And historically, we also seen that, you know, the founding fathers of the nation too. They focused on the real estate and acquiring that one of the stables really stable assets in their portfolio. So I started looking at real estate and I faced many challenges when it comes to You know, getting the right education, you know, without that, you know, the guru bait. Basically they offer you free education get in and you know, offer 20,000, 30,000 worth of modules. So being that struggle of education, once you have the education, finding the right investment to invest into it, and also kind of what I realized that, you know, when it comes to there are two different things that I focus on. One is called the high cash value banking system, which is the savings vehicle and the investment vehicle, which is the syndication model. When I found this out, I realized that, you know, people around me just don’t know about it’s still the folks who are earning their money. They’re working really hard for it, but they’re still investing traditionally in the high-risk stock market. And that kind of made me restless. I mean, I would have taken all this information applied to my financial strategy. improve my family’s financial statistics with it. But what made me restless that everybody around me did not know about it. But then it was still traditional still risk prone investing. And that’s when I found founded think outside the stocks. What think outside the staff is dedicated for what my passion is, first of all, education, just providing that right education to folks. So they can confidently invest into these investments. And secondly, providing that right investment that I can bring it to them, why a strategic partnership with really good syndication team, and also creating that banking system for them. So all this process and hand holding them, making them comfortable just simplifying the situation. And providing that as a complete piece of puzzle for them is worth think of stock is focused on something that’s created You know, like you said, it’s very similar to a lot of things that I discussed on the show and also, you know, a lot of my guests discuss and I absolutely love the name, you know, the Think outside the stocks, it’s, you know, it rhymes with think outside the box, as well as in general it’s a great name so, and I love your name because you know, you and me are trying to do the same thing with a cold call investor that essentially I think it just like a two sides of the same coin looks like to me.
Pancham: That’s great. Thank you for that. So you know, anything you would like to add before we move on to the next section of the show?
Madhavi: Yeah, actually, I wanted to you know, just tie this up that you know, how my personal struggles and how you know, the Think outside the stocks coming back together into current environment into the current environment, right. Yeah. So right now, we are socially isolated. We have faced almost three months. We are socially isolated, we are working from home; schooling from home, this exact thing happened to me too, in 2015, five years back, mostly, you know, 90 to 95% of the time I have spent at home, going out of the home for me, it’s an effort. So I just want to bring that to the listeners and you know, just the strategies, the very simple strategies, the strategies that I applied. I think if any, if you think about it, you can start making that difference in your life. So the first strategy I would say for you is, you know, start your day with that intention. Don’t just get wrapped around in the day to day work that Okay, today I’m going to get up today I have this work to do this office location book and eat and sleep. Don’t just look at that, look at create your intention create your strong Why are example such a financial crisis that we have seen that such a high motivation right Now, it’s never been a good time to actually think outside the stocks and start looking at your financial strategy or investment strategy and think differently, think outside the stocks, but think outside the box strategy. So start creating that. And you may think that, Okay, I’m going to wait for the stock market to come back or I’m going to create a plane the stock market right now and later I will do that. Remember, even if it’s later, the preparation starts now. So then your mindset about how I do it and start following anybody like you like me who are providing this information, this education to you and build that knowledge right now. So when you are action, it’s time you are ready to spend into action and take that investment decision. You’re not kind of finding out ways to invest your money when the time is right. Start doing that like now. And that’s the message I want to give to the listeners. If you ask me personally, I mean, given that last five years what I have been doing, the COVID hit everybody, it’s like a store that that hit us, the way I am looking at COVID is, you know, simply, we have to take what we have. And we have to pivot, we have to make some changes. The way I’m making changes the way I’m, you know, thinking of adding value to my audience is, number one, creating different approaches to utilize the same audience that I have, that they can utilize, for example, they’re basically devastated with the financials that happened, right. So the high cash value life insurance policy, when they can get that, you know, consistent five to 6% return compounded, using that compound matching on their principle that you know, can support their emergencies that can create You know that tax free growth for them has been more essential than ever. So I see a lot of folks actually going for that stability right now. And I’m being able to help them. So number one of my pivot is that with the same audience, how can I help them differently? And number two is what are the different audience I can help with the strategies that I have. So when I was focused on you know, basic professionals, and skill high skilled professionals, I started focusing on people with like small businesses because they got impacted, they didn’t have an emergency stop, support them to start creating this vehicle, this own banking system that is absolutely liquid at any time and you can access the never such emergency offers. So same way. Think about it as paper in your personal strategy in your own personal strategy and think about what changes that you want to spend. Thinking your own strategy. That’s one thing I would definitely like to say.
Pancham: And that’s great. Thank you for explaining that and for the listeners if you want to learn more about this strategy, you can definitely reach out to Madhavi and you know we also discussed that if you want to learn more you can listen to episode number five, I believe by going to thegoldcollar investor.com/shownumber5. So that’s great. We will be back after this message.
Pancham: If you want to know the top six reasons on why you should consider diversifying outside of the Wall Street then you are in the right place. I have written a free report for you. It goes into not just the top six reasons why investing in stocks for one case may not be the sound strategy, but also what are the alternatives. Get your free report today on thegoldcollarinvestor.com/download. I repeat thegoldcollarinvestor.com/download. So let’s move on to the next section 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, Madhavi is when was the first time you invested outside of Wall Street?
Madhavi: Oh, definitely my real estate investment actually, very interestingly, Airbnb was my first investment, or, you know, right after I left my job, and it was hard because, you know, the first real estate investment where, you know, putting down the money and just locking this a very small unit, but it’s very, you know, modern and yeah, Airbnb was the first one.
Pancham: That’s great. And what year was that? 2015, 2016?
Pancham: Got it. Yeah, got it. Okay, so did you have any fears that you had to overcome when you first bought that place?
Madhavi: I actually did, because, you know, I think we resist change a lot. And as your segment says that leave that leave is very, very important. So far I mean, it’s interesting how can investing in Wall Street and we kind of, you know, are brainwashed to think that wall street is easy. It’s not we sleep on that test every single day, right? So for me to change that mindset and take that leap and put it into real estate where, you know, it was a completely different thing that taking that leap of faith was the biggest challenge for me and glad I took it and you know, as they say that your first investment that’s always a difficult one, but then after that things just go on smoothly.
Pancham: No, that’s true. So true. Cool. So my third question for you might be is can you share with us one investment that did not go as expected?
Madhavi: I would say my rental and that’s the reason I focus more on the multifamily syndication investments because what I was looking for a completely passive investment, of course, given my health and my husband stays busy too. So I thought rental and technical accuracy the tax for rental is a passive investment too. But I don’t think there is anything passive about tenants to trash and toilets. I mean, I have this rental investment which essentially, I have spent all you know, like 3500 in the AC unit, because, you know, there was some issues with the warranties the warranty company said, No, it’s not going to be possible and then the current tenants is, it’s a headache right now. And after they leave, there’s going to be so much of the cat litter smell, I’m going to stick it in this have been was about I was just thinking this dimension, you know, 6000 into the paint, special paint to get rid of that order, and report the flooring and stuff. And this is merely like 300 cash flow for the last three years. So it’s going to be a wash for me. So that’s, but you know, it’s not a failure. I would say it’s a learning I every time just learn better. Okay?
Pancham: Yeah, I know you do, and you learn this and all the seminars. That’s great. So my last question for you is, what is one piece of advice would you give to people who are thinking of investing in the main street? That is outside of Wall Street?
Madhavi: Definitely. So Pancham. First of all I have my name of the company is think outside the stocks, but don’t get me wrong. I’m not against Wall Street investing, right? I have a lot of respect for the people who are doing the active investment and if you have, you know, talent for it and appetite for it, please go ahead and do that. But I would just say two things to them. The number one thing is that measure because, for example, traditionally just simply pick it up as your 401k. We have been investing in 401k for almost like a brainwash for years now. Just think that pick up any IRR calculator online and measure that, how much growth Have you really got into your 401k. So measure it. And it’s surprising that people actually come up with a number like 4% 6% over the period of six, you know, 20 years or something, take that number and take what you have, just cut that into 25%, 30%. That’s the taxes that you’re going to end up paying on that 401k. So the number that you actually get, and then use that IRR that you have received, it almost feels like a betrayal at that point. So the one key thing I would say that major if you think you’re doing for some that may not be the case, so measure it and the second advice I would give it to them is basically what me and my husband do when we go like gambling For example, I think Wall Street is speculative. So it’s kind of very similar. When we go gambling we start with like hundred dollars and that if that hundred dollars becomes 120. We take the 20 out and we continue with that hundred dollar so do that Your tech your upside that you have gone, gotten from the Wall Street. So if you want to continue doing Wall Street and invest, just take that upside keep on taking that upside and make it more safer and secure in the vehicles that you know that what I learned that I got to know about so late in the game, I want to educate people to use those vehicles more and more and kind of they take that bird’s eye view if I want to go back and pinpoint that again and just take that bird’s eye view and protect your investments, protect your wealth, using that banking accounts or more secure real estate investments.
Pancham: Great. No, thank you, Madhavi for that and how can listeners reach you or if they want to connect with you? How can they reach out?
Madhavi: Definitely. So the one thing that available to all listeners and everybody’s I can give a strategy session for free. You can schedule a call with me and the website I have is www.thinkoutsidethestocks, as the name says. So thinkoutsidethestocks.com. You can, you know, get into my database, you can schedule a call with me the approach that I have when I’m looking at the strategy sessions, that bird’s eye view, where I basically look at your investment, your financial in a pyramid format, you know, your bottom format, the bottom of the pyramid needs to be very, very strong. Now, I’m going to just point out one thing Pancham in here that you know, we stay in the house, right? And occasionally we call out and can say, so we can we build that Can we stay a night in the counting? this pyramid is very similar to that, when on the top of the pyramid is just speculative investments, it’s you know, where you don’t have control and you have high risk, which is basically the time that you’re staying out and the foundation is like your home that you know No matter what is happening outside, you feel safe and secure inside. So I would point that I help people to build that foundation first, which is strong and stable. And anytime that there is an emergency, they can utilize that. So, think about it. You don’t choose to live in a tent all the time you choose to live in a house which is very, very strong. No matter there is raining outside us from outside you have to feel safe. That’s how your investments should be. And the camping outside the speculation is the small part of it. Most of the time I see people as an inverted pyramid, their speculation is where the most of the money is right now. So that strategy call just utilize that strategy call. Just talk to me about how I can help you build that bird’s eye perspective for your financial strategy. And I also have gifts for the listeners actually. So if you go to to thinkoutsidethestocks.com/gift. You will be able to get access to short video courses that I have created in both the strategies the banking strategy, which I call it as a savings vehicle, and the investment strategy which is the multifamily strategy. So you will get in a short video courses for these two topics. That’s how I help the listeners, right? So the savings vehicle and you can actually use the same dollar to invest into the multifamily investment which is more stable, the same dollar is being used at two different places. So go ahead and you know, go ahead…thinkoutsidethebox.com/gift and you will get access to those both legal courses.
Pancham: That’s great. Thank you, Madhavi for your time today and sharing your knowledge with our listeners, and looking forward to keeping in touch.
Madhavi: Thank you so much. It was such an honor to be here. Thanks for having me on here. Thank you
Pancham: I hope that story motivated you and whatever reasons you have in your life, you can always overcome them and really make a difference. Thank you for listening. I really appreciate you. If you have questions email me at email@example.com. I repeat 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.thegoldcollarinvestor.com and follow us on Facebook at The Gold Collar Investor. The information on this podcast are opinions as always, please consult your own financial team before investing