Wealth Formula by Buck Joffrey

075: Maslow's Hierarchy of Investing with Mike Ayala


Listen Later

In 1943, psychologist Abraham Maslow published a paper called "A Theory of Human Motivation."   In this paper he described, what has come known as, Maslow's Hierarchy of Needs. Basically its a pyramid structure describing different human motivation drivers.   At the bottom of this pyramid lies physiological needs--food, water, etc. The next level up is safety and security. In other words, you need a roof over your head.    The pyramid continues upwards to its pinnacle, self-actualization--the ability to focus on one's mission in life. I call this true wealth.   After all, it's tough to focus on your mission in life when you are trying to put food on the table AND trying to keep your family safe from wild animals and infectious disease.    Trouble finding one's mission in life is a first world problem.   Now--let's apply these principles to investing. In tough financial times, where should you focus your investments? Maybe low income housing makes sense? The problem is that low income housing is often very difficult to manage.   I can tell you from personal experience with the first apartment building I ever bought--low income housing usually looks better on paper.    Understand that I am not made to be a slum lord. My father made millions of dollars throughout his life collecting rents with a baseball bat in one hand but I did not get that gene.   Now, if you can find people who are really good operators in this space, there is a lot of money to be made and you can actually do a lot of good for the communities. One of the few operators in the low income housing space that I trust is Mike Ayala. Mike and his colleagues are killing it in the mobile home park space.   So, if you want to learn more about how Maslow Level 2 investing can help your portfolio, make sure to tune in to this week's episode of Wealth Formula Podcast.
...more
View all episodesView all episodes
Download on the App Store

Wealth Formula by Buck JoffreyBy Buck Joffrey

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

403 ratings


More shows like Wealth Formula by Buck Joffrey

View all
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

714 Listeners

Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

Creating Wealth Real Estate Investing with Jason Hartman

539 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,810 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,848 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

407 Listeners

Get Rich Education by Real Estate Investing with Keith Weinhold

Get Rich Education

611 Listeners

Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Passive Real Estate Investing

981 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

586 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,406 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

419 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

515 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

716 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,033 Listeners

The Lifestyle Investor - Investing, Passive Income, Wealth by Justin Donald

The Lifestyle Investor - Investing, Passive Income, Wealth

286 Listeners

PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

PassivePockets: The Passive Real Estate Investing Show

131 Listeners