On today's episode our guest is Keith Weinhold.  Keith is the founder of Get Rich Education and is a popular podcaster, active real estate investor, business owner, and good friend.

Keith shares his story of how he started in real estate and became an "accidental millionaire".  Many of you may want to copy that same formula.

We discuss the differences between compounding and leverage.  Which one is better?

We explore the concept of return on time - one of my personal favorites.

And Keith shares some tips and advice for new investors looking to build a portfolio, and for seasoned investors wanting to get to the next level.

Keith's website can be found at www.GetRichEducation.com.

Enjoy the show!

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Leveraging Your Cash, Equity and Time – Keith Weinhold

It’s my pleasure to welcome Keith Weinhold to the show. Keith is the founder of Get Rich Education and is a popular podcaster. He’s an active real estate investor, a business owner and a good friend. Keith, welcome to the show.

Thank you so much for having me today, Marco.

It’s great having you on. How’s the weather up there in Anchorage, Alaska?

It is a gray, rainy, windy day here, but it didn’t stop me. I just got back from going on a run about an hour ago anyway. I’m feeling invigorated.

You like to mountain climb, if I remember right?

Yes, that is right. I wasn’t born and raised in Anchorage but I moved here because this place just fits me. I do a lot of mountaineering and skiing here in this city of 300,000, Anchorage Alaska.

Only 300,000. It’s a beautiful place. I’ve seen many pictures of Alaska and Anchorage and it’s gorgeous. The lakes are just beautiful. One of these days, maybe I’ll have to fly up and go out for dinner with you.

Yes, you sure will at some point. Only 300,000. This is the big city here. Almost half the population lives in this one city. A lot of old time sourdough Alaskans, they frown on urban Alaska and urban Anchorage. They make jokes. They say, “From Anchorage, you can see Alaska.”

That’s a good one. All real estate is local. I have that saying, live where you want, invest where it makes sense. This segues into your story. Let’s get into your story here. You remind me of the “accidental” millionaire because of how you got started in real estate. Tell our listeners your story of how you discovered real estate investing.

It was a little bit accidental. I was born and raised in Pennsylvania. I did not come from an entrepreneurial or a real estate family at all. In 1999, I moved to a place I dreamed of living, Anchorage, Alaska because I had vacationed here four times previously. I was really young when I moved here, I was coming of age. When it’s about time for me to buy my first home, I was hanging out with some friends that were, I guess productive-minded friends, aspirational. Like they say, you are the average of the five people that you spend most time with.

Two of my friends, what they had done is they had bought their first home not as a single family home but what they did is they bought a fourplex building. They lived in one unit and rented out the other three. Now, one of my friends really had his act together, and the other was kind of a screw off. I knew if the screw off could do it, I could do it. In 2002,