Latest / The Academy Presents podcast / Building Financial Freedom with Kelly Lannoe

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Building Financial Freedom with Kelly Lannoe · The Academy Presents podcast

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  Did you know that 90 % of the world's millionaires
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  invest in real estate? Well, I'm Angel with the
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  Academy Presents Real Estate Investing Rocks,
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  and I'm here to help you if you want to go for
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  your piece of that pie. Are you new? Are you
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  new to this and you just don't know where to
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  start? It's okay. Are you someone that has invested,
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  but you feel stuck, you feel like you've lost
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  momentum, you don't know where to really head
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  from here? Are you a seasoned real estate investor
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  who is doing great but maybe you just want to
• 0:35
  hone a few skills here and there? This is the
• 0:38
  place for you. The Academy Presents Real Estate
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  Investing Rocks podcast will connect you with
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  industry experts so that you can save time, avoid
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  costly mistakes, and begin living the life you've
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  dreamed of all through real estate investing.
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  You're already taking the first step. just by
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  joining us here today. Hey guys it's Angel and
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  you're here for the Spring Summit with the REI
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  Rocks Group and we are just so excited to have
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  you here. You know these are six of my favorite
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  days of the year you know we do this twice a
• 1:14
  year three days each time and I'm just man I'm
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  just glad you're here. I hope that you have enjoyed
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  everything on this side of things you know this
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  is a ton of pre -recorded content there's at
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  least 35 hours here and It's just a great place
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  to be. You know, you don't have to pay for it.
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  You can watch it at your leisure. You can speed
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  it up, slow it down, rewind it. But if you really
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  want to get an even more amazing piece of this,
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  you want to get that super stealthy VIP subscription,
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  because with it, you get the upgrade to join
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  us on the live side and you get access to six
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  summits of pre -recorded information with the
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  seventh, which is this one. You're going to have
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  450 hours of content. And let me tell you something,
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  friends. I did not learn what I know from reading
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  books and listening to podcasts. I learned it
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  from this right here. Basically, one on one sessions
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  with these amazing experts in the space. And
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  I got them for me and for you. And we get to
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  listen to it. You can go back and you can do
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  all of those things that you need to do to absorb
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  the information. And I want you to have that
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  option. So VIP subscription. If you don't see
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  the QR codes or the links, email me and I will
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  make sure you get it. So we're going to move
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  on because I have an amazing guest. I have Kelly
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  here and after an 18 year amazing career with
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  Disney, she has made the move into a full time
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  real estate professional and she's going to share
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  with us some of her story and then just talk
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  about what it's like to have that real estate
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  side hustle while you're still working because
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  I think we've all been there. So Kelly, I'm going
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  to turn it over to you if you want to give us
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  a little bit about yourself and then we can get
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  started. Absolutely. So I'm so excited to be
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  here. Hey, everyone. I, as you mentioned, I spent
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  18 years working at the Walt Disney Company.
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  And like so many of you and what society tells
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  us, I grew up being told I needed to go to college,
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  get a good job, work, save, invest until I was
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  55, 65 in order to be able to retire in about
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  halfway through my corporate career, I realized
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  that doing the corporate grind no longer fueled
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  me. So I really made the pivot, dove deep into
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  understanding what my future life, what I wanted
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  my future life to look like. And that's what
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  then led to real estate. And I've spent the last
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  seven years investing in real estate and getting
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  to the point where I could retire early at the
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  age of 40 from the Walt Disney Company. That's
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  awesome. Yeah, I was not 40. I left my full -time
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  job in formally in 2020. And let's see, I'm 46
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  now. So what does that do for me? I was like
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  42, 43. That's still pretty impressive though.
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  Let's be honest. Well, and I guess my husband
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  got the same thing. Cause he's a little bit younger
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  than me. His last day was June of this past summer.
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  So we're both full -time in this now and it's
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  wow. Yeah. That's awesome. It's been about a
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  month for me that I have not had the nine to
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  five grind. And so I'm still very much, excuse
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  me, adjusting and transitioning. But so far,
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  I mean, I've been amazed at, I've been able to
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  have breakfast with my mom without taking vacation
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  time and without worrying about getting back
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  to the office for meeting or chaperoning my children's
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  field trip or signing up to volunteer at their
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  school. and so I've just been able to already
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  just in a short period of time see some of those
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  benefits and really have a more well -rounded
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  life and fulfillment from you know the people
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  that I love. Yeah I know and we're um it's like
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  we're gonna be in Salt Lake City in March. because
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  I've got a crazy march. So the summit is March
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  23rd, 24th, 25th. That's the days that you're
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  here. Well, in the weeks prior, we have been
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  doing a ton of stuff. We've spent time in Salt
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  Lake City at best ever. Then my kids have spring
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  break, but we just pulled them from school. So
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  if there's any school officials watching, sorry
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  about that. But with all of our natives having
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  left, our choice was to bring them with us. And
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  they're gonna get so many life experiences from
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  that too. Well, yeah, and it worked out really
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  cool because the person who's Airbnb I'm staying
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  at has a 22 year old daughter, not in school,
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  not working, and got to be a second set of eyes
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  and hands for my own kiddos since they were in
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  the Airbnb all day because we were at a conference.
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  But we have the ability to, as we're coming back,
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  stop wherever we want. There's no real tie there.
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  And so that's gonna be really nice. And then
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  in April, I'm actually gonna be a chaperone for
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  the grand Tetons trip. So there's a whole week
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  of April that the high schoolers, I think high
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  school plus eighth grade at their school is gonna
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  go on this trip. And I get to go and not have
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  to worry about job responsibilities. I still
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  teach college. I do it online and I do some scoring
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  for ETS here and there, but it's all online.
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  So there's there's a lot of freedom there. That's
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  amazing. Yeah, it's pretty awesome. So it's been
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  cool too, because now that Jason is Jason is
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  no longer really tied to a WG still doing the
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  consulting gig. But when stuff happens at school,
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  we can just go like there's a coffee next Wednesday
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  at 8 AM. And as much as I am not a morning person,
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  I'll be there for that. Unhappily, but I'll be
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  there. And so it's mostly it's because of the
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  tuition increase, but we just want to have our
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  voices heard because three kids at the tuition
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  increase is like paying for college. Yeah, I
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  can only imagine. I'm very fortunate that where
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  we live, we have good public schools. So our
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  children are in the public school system. I appreciate
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  that. Well, having been a public school teacher,
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  it was. I just wanted it's a STEM school, and
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  I think it's a really good place for our kids
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  to be because were very different. And one of
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  the things that I didn't like was watching them
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  not really crush. Well, yeah, kind of crush her
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  spirit, my oldest. And I didn't want to see that
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  happen to her. And at this school, they don't
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  do that at all. They let kids be entrepreneurs.
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  Kids run businesses. Kids like get to have crazy
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  hair, Julianne. Half her head is shaved. Well,
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  not really shaved. It's like one guarded. And
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  the other half is like. thicker than all of my
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  hair combined. She got my hair from when I was
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  younger, but I had kids and it all fell out and
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  it hasn't grown back. I think that's an interesting
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  thing that, you know, you mentioned. I'll be
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  very interested to see how our school system
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  is, not just K through 12, but especially college
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  and the perception around college and the stigmatism,
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  the society norms. you know come another five
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  ten fifteen years because just in my journey
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  of Really diving into the financial independence
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  retire early space and in which then led to real
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  estate space There are so many other ways to
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  be educated in my drive an MBA. So I've done
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  my fair share of your traditional education But
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  there are so many ways to be educated and not
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  only obviously books and podcasts but networking
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  like this and different masterminds and coaching
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  programs. There's just so many ways to be educated
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  these days that it doesn't need to just be that
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  you have to go to college or you're going to
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  be a loser. Yeah well and we if our kids want
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  to go to college for the experience fine my husband
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  has a doctorate I have my master's degree I mean
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  we get it yeah yeah degrees but we're still like
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  if they want to pull Adonis brothers and decide
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  to go to real estate 18. And that too, because
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  I tell you, one of the things I learned from
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  those guys was something that I incorporate into
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  my calls when I'm going out and trying to raise
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  capital, which is that double dial, which, um,
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  I don't know if you've ever heard them talk about
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  it, but it was, um, which one of the twins was
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  it's Jeffrey, the one that talks, Kenneth talks
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  a lot too. Okay. Well, not in a bad way. One
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  of them is the one that does the most reach out.
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  So he, he, the guy on the phone. that thing is
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  Jeffrey because Kerwin's the older one anyway
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  doesn't matter um so he talks about this thing
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  called the double dial and what you do on the
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  double dial is you call if they don't answer
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  hang up wait 30 seconds to 60 seconds and call
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  back a lot of time they'll answer on the second
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  call because they're like man what number is
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  this it must be important if they and then this
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  is where i took it and i took it a little bit
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  further and made it my own if they don't answer
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  on the second call you have to leave a voicemail
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  If you forget to leave a voicemail on the second
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  call, you can't call three times because you
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  look like a psycho. You got to do it again. So
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  you leave a voicemail after the second call and
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  then follow it up with a text that says what
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  the voicemail is. So you've got voicemail, touch
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  one, text, touch two. And when you finally get
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  on the phone, that's three touches. I like that.
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  I'm totally stealing that. So thank you. And
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  thank you, Donna's brothers. Right. But I was,
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  it's scary. I'm not going to lie. It's scary.
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  It feels really uncomfortable for a little bit.
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  Like And even now that's what I do. Like the
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  first couple of phone calls I do on a day like
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  that. I'm like, Ooh, this feels weird. But it,
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  we're not going to lie. I need to do more phone
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  calls. Yeah. But then that's, I think it's just,
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  um, it was something that I learned from them
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  and they were just getting started and very young.
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  And I was already in my forties and I was like,
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  I'm totally going to try that because I think
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  you can learn from anyone. And so I think they
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  decided. that they were going to be able to do
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  more getting into real estate and really educating
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  themselves. They got into a really good program.
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  They're in a great program. They have a lot of
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  support around them and they get to go to conferences
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  that have reduced price. I did not know this
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  one. If you're under like 25, you get a reduced
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  price to go to some of the major conferences.
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  I had no idea. So they've been riding that train.
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  I had no idea. We actually were partnered with
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  them on their They have a deal in Atlanta, Georgia
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  that closed in November. So we partnered with
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  them on that particular deal. And so that's how
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  I've gotten to know that Donna's brothers. And
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  then it sounds like we're on some of the same
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  shows. So we both, they went out and then I went
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  out to Denver to be on the Bigger Pockets multifamily
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  mentors show. And then obviously you've chatted
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  with them as well. So. That's funny. It's a small
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  world, but I think that goes to the point. Like
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  there's such a great example and there's others
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  out there as well that have gotten started real
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  estate so young that I think college absolutely
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  has a place. And I think one of the places it's
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  really good as it gives you that buffer. Like
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  to me, it gives you that buffer between child
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  being a child and being a full fledged adult.
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  You get that three, four or five year, whatever
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  it is, buffer time to really figure yourself
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  out a little bit more and have some independence
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  and mature. But I think depending on your personality,
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  like if you leave high school and you're super
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  self -motivated and you kind of know what you're
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  going to do and you are going to take the bull
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  by the horns and go after it, you know, maybe
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  it's not as needed. Now, if you're going to go
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  in the corporate side and you want to get promoted
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  and you want to be an executive, you need the
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  formal education because it's a check mark. And
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  that was part of why I went and got a master's
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  degree because I wanted to continue to be promoted
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  and I needed that check mark. If that's not the,
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  if that's not the angle you're going, there's
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  so many opportunities out there. No, there absolutely
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  are. And I think that like just comes back to,
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  you know, why are people choosing real estate?
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  And we were talking before we started hitting
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  record about my TRS account. I've been lamenting
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  over the TRS account for years. I think every
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  time Parker and I get on a call, I'm lamenting
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  about the TRS account, begging somebody to help
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  me get my money from that freaking TRS account.
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  But that was what you were taught to do. You
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  were taught to make good grades, go to college,
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  get a job and get your retirement. And I just
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  want my money. Dang it. I can do so much more
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  with it, but you don't know that. And it's also
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  super risky. So yeah, this retirement pension.
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  And I'm like, I want all of it. I want to pull
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  it all. And if I'm going to self directed, is
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  there a chance I could lose it all? Absolutely.
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  Is that going to happen? Probably not. You know,
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  Jason and I have been in residential real estate
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  for two decades. We both grew up in families
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  and invested in residential real estate and we've
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  been in multifamily for five years. I mean, I
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  feel like we have a pretty good educational base
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  on what we're doing. And so even though it might
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  be risky to the average person out there, I feel
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  it's really risky at all. And by taking control
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  of my retirement money, I can do so much more
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  with it.