Welcome back to the short-term rental riches podcast today is a special one it’s episode 150 yeah 3 years essentially 3 years have gone by I’ve done this podcast every week for almost 3 years so time flies that does and I know my portfolio my real estate portfolio has grown a lot I hope yours has as well and you’ve seen the value in the potential the opportunity with short-term rentals the really really exciting space I want to talk about just how quickly time flies this week I want to go off topic a little bit as we did 50 episodes ago in as we did 100 episodes ago this week I want to talk about the fact that we are living longer and we have really good scientific research it’s telling us why we’re living longer and how we can live even longer and be healthier so I want to break down a book that changed my life and of course someone relate that directly to real estate because has really big impacts the whole world is living longer and that has dramatic impacts on our real estate so stay tuned let’s jump right in.

Welcome to short-term rental riches will discuss investing in real estate but with a specific focus on short-term rentals quick actionable items to acquire manage and scale in your portfolio I’m your host Tim Hubbard.

So I love to read I love to learn I love to go to conferences and meet new people I want to thank you honestly for listening into this podcast because every week that I get to do a podcast it reinforces information but I’m learning of course I feel obligation to make sure that I bring the best information to you guys so I try to live by a quote that you may have heard and it’s that if you really want to master something you’ve got to teach it and so it’s been very fun teaching on this podcast thank you for all the feedback I never would have thought that we would have hundreds of thousands of town loads and still be growing so it’s really been a fun experience but a lot of time has passed already right so I want to break this book down lifespan by David Sinclair and really astonishes me how we can learn a subject we can learn the biggest most important aspects of someone’s research just by reading a little book so David Sinclair runs 2 labs 1 at Harvard and 1 in South Wales he’s been studying aging for over 20 years just aging name to labs some of the smartest brightest people the world studying how we can live longer and why we are living longer so I want to break down the highlights from that of course we’re gonna tie that into real sake is it really does affect real estate first of all did you know I’m sure you you know we’ve been living longer but since 1960 we’ve added 20 years to our average life expectancy 20 years that is a long time 1 of the really interesting things that I found from this book is that they talk about a disease that’s already known it happens to 1 in 100000 people very very rare it’s called Warner’s syndrome basically what happens when someone. Has a syndrome they get gray hair they get wrinkles they have hair loss osteoporosis cataracts in their eyes what are all of these symptoms I guess we could column these are signs of someone aging right so there’s a disease that ages us faster than normal and what they’ve been able to do knowing this is fine the cells that are responsible for aging us faster and I’m gonna bring up some of the best tips in the books for a living longer because I don’t know about you but I’m excited to live longer not just longer though healthier as well and that’s an important piece there that we have to make a distinction between so there is this disease that exists very sad that ages someone in the average life expectancy was someone with this syndrome is 46 years so sadly they passed away much faster than someone without the disease so we’ve been able to learn quite a bit from people that have the syndrome of been able to take some of the the cells and inject them into yeast cells and we also see that the cells die much much faster and so this is allowed us to research aging much faster than we ever have been able to before now it’s not to say you cells are human cells right they’re very different but it’s a step in the direction to really speeding things up there are also other animals out there like whales for example they found whales that lived to be over 200 years old that share a lot of our same genetics obviously they’re not people they share a lot of similar genetics they found a whale that had a harpoon type weapon in its belly and when they took it out of the whale and they did a study on what they found was over 200 years old so we know that there’s lots of animals that live longer than we do there’s lots of species out there trees that live for thousands of years so scientists are studying this specifically David Sinclair and the people in his labs and. Finding that some really really interesting information so scientists think they’ve found that the cells responsible for this aging they’re called sirtuins hopefully didn’t butcher that but essentially we can make these cells healthier by doing a number of things which are going to dive into and by doing these things we can live longer so before we do that though the author brings up a really interesting point in that we don’t really think of aging as a disease right but imagine everyone was living to be 150 years old I was just normal that was a normal life expectancy and someone around the age of 50 had gray hair and hair loss and osteoporosis and all these typical signs of someone aging but at age 50 when we look at that as if they had a disease I would and I’m pretty sure most of you out there would so this is the perspective that the author takes and it’s a really interesting point but living longer isn’t necessarily better right what I want to live longer if we’re just gettin sick every other day what we’ve done is we’ve learned how to fight off a lot of cancers and a lot of these different diseases that help us live longer but maybe not that much longer usually you know a few years longer sadly if we fight off one form of cancer a lot of times people get another form so if we can slow down aging then we can slow down the onset of all of these diseases we can live longer healthier so I wanna give you 4 tips from the book that he recommends they have science behind all of this lots of statistics to live longer but not just live longer live healthier so this book is really exciting for me because I really do want to live as long as possible as long as I’m healthy so number one. On the number one take away from the book if you want to live longer if you did nothing else this is number one recommendation after decades of research is to eat less. Yep just by eating less or intermittent fasting we’re putting stress on the cells responsible for aging stick with me I know this isn’t way off topic but it’s really exciting for me and it really does play a big piece in the real estate world because the whole world is getting older that is a fact. Our populations are aging in Japan the number of adult diapers have been outselling children diapers so this is a fact and it affects real state and we’re going to get to that so that’s the number one thing they recommend a book to help us live longer backed up by evidence is to just eat glass number 2 is our diet actual things we put in our body and I don’t want to belabor this but we’ve heard about the blues owns and certain types of foods the people are eating often times a lot of Mediterranean areas and they have a longer life expectancies exercise well no exercise is healthy interesting thing in the book that they point out is that maybe jogging for 2:00 hours at a slow pace. It’s not that effective for lifespan can be very good for weight loss and all these types of things but to actually put enough stress on the cells responsible for us aging we have to be exercising in a slightly stressful way and so that could just be. When sprints you know sprinting getting your heart rate up a little higher doing heavy weights so as not just exercise with the type of exercise and then the fourth thing that he recommends is changing our body temperature you’ve probably heard about cold plunges in cold bass a nice bass in cryo therapy in some of these things have popped up that really good research for healing joints and recovery especially for athletes but this is something that they found as well. Put stress on the cells the same cells responsible for aging us and we can keep those cells healthier longer well we can fight off disease longer we can live longer and we have much more time to enjoy this beautiful world and grow our real estate portfolios all right thanks for sticking with me you got to read this book its lifespan by David Sinclair I swear it will change your thinking at least check out his podcast you can listen to the first few episodes he’s gonna break this down obviously much better than I can I want to connect it to real say now before we go too much further so the first point here is that we are living longer but that doesn’t mean that our population is growing in fact our population is shrinking and most places in the world and most places our population is shrinking but as a real estate investor we just want to be where most people are and where most people are going so it doesn’t matter that the global populations shrinking or that our nation wide population is shrinking there are people moving around and they’re moving to certain areas so we want to be in those areas where all of those people are moving I will break down a couple steps to help you with that here in a quick second quick intermission I’m really excited to announce the next dates for our annual virtual event we only do it one time a year and it was jam packed we cover a lot on this podcast but it’s sometimes hard to wrap our minds around how much there really is it goes to a shortfall business so if you want to find out how my team and I have managed over 21000 guests with great reviews we’ve got 2 jam packed days 40 October 22 to 20 third the prices to go up as we get closer to the date so I hope you can find your way over to rest methods to our comments rest method starcom and save a spot today and look forward to seeing you on the inside. So if our population is aging then where do you think a good place might be to be investing if our population is aging and they’re living longer you might want to be next to some health care or a city that’s known for health care the fact is that especially in the US we spend hundreds of billions of dollars on healthcare every year we spend very little very little on lifespan longevity research so all of that hundreds of millions of dollars is helping people to live longer but unfortunately a lot of those people that are fighting off cancer they’re already kind of sick and so they’re they’re getting sick with something else so I know it’s kind of a sad dreary topic to think about that hopefully we will be living longer and healthier but the reality is places with a lot of medical. Are getting a lot of investment and that people need to use those medical facilities so that’s really good for real estate in general I think it’s an industry that’s gonna be we’re going to need for a long time in those cities are going to do well in my opinion now as short term rental real estate investors we got another side benefit to this we’ve got travelling nurses that also need to help support these medical areas and if you listen to podcasts for awhile you know that travelling nurses are excellent excellent gas to have the usually stay for a few months other companies pay for it and they’re nice to work with so I think being near medical area can be really good so just one thing to consider the other thing to consider is that if the population is aging a lot of our older population are entering retirement right or they’re not going to work forever but a lot of them are on fixed incomes so they don’t have as much money now is maybe they once did and if they have a savings of their living off well unfortunately inflation is eroding that savings much faster today than it has historically so you want to check for markets that are affordable. So affordable and medical I think those are 2 really good things to look for in any city that you plan on bass and then now I know this whole demographic topic is a little complicated right there’s a lot of pieces that go into it but the fact is there are ways to measure this and there’s lots of data that we have access to that we can find now there’s a couple books I want to recommend one is called big shifts ahead it’s by John burns he in he has excellent excellent research on real estate he says and I’m going to read off inotes you’re settled screw all this up he says there are 4 big influences and those are government policies economic conditions tech advances self driving cars for example and societal shifts that happen during 5 stages of a person’s life so everywhere from childhood to retirement early career and everywhere in between so we have these 4 forces that affect people at different times of their lives and these 2 things combine help us answer a lot of demographic questions which are gonna help us as a real estate investor know where we need to be what types of questions to those fundamentals helps answer well how much money consumers are going to have what they will choose to purchase. When they will make those purchases so what time in their life who they will live with and they will be moving back in with family why they will buy certain products over others and the most important question it’s going to get answered here is where these people will live and so we know states like Texas and Florida and Tennessee there C. N. really big population growth rate and we know states like California my former residence where I grew up has been losing residents year after year after year does that mean that certain cities within California haven’t grown. But overall the population has decreased and those people have gone to other states so there is a migration happening we just want to make sure that we are in cities that are growing even though our nation is declining in our population rate so another book that’s gonna help you really uncover where you can find all this data is called emerging markets and it’s fantastic book it’s by David Lynn hall it’s a little older but the device in there is still really good and it just reinforces the fact that this stuff’s all figure out a bowl if you know it might take a lot of time and yeah there’s a lot of lists going around this is this the best city to best and this is the best city in the mess and really comes down to people jobs and demographics and government policies and landlord friendliness in these types of things and that’s information that we can find online readily available stuff we talked about on this podcast channel and we have talked about throughout the last 50 upset they can’t believe it’s been that long so we’re living longer that’s a fact that affects. Real estate and where we want to invest that’s a fact I find it really exciting that we have the potential to live much longer and healthier and I want to bring up one last subject we talked about a 50 episodes ago we talked about 100 episodes ago and that is consistency another one of my favorite books but Jeff Olson called the slight edge the talks about this very fact and so if we have more time and more consistent and what we want to do we can achieve really great things I want to finish it up with a personal story to prove this consistency here in a quick second so Jeff Olson talks about how good habits turn into good results and the opposite is true we have great habits every day we can achieve great things but if we have negative habits are getting worse well that’s gonna work against us and it’s going to be a snowball effect right it’s just going to get worse and worse this is hard for us to do a lot of times because those daily habits we have. They have very little impact right there’s no real visible change if we make a good habit one day or 2 days or 3 days but after we’ve been consistent for a while just like our real estate journeys then we see big results fantastic quote by John Dryden we first make our habits and then our habits make us good one right so quick story Fauria I was in the U. S. recently visiting friends and family and real estate markets and checking on existing properties and all that fun stuff and I met up with a good friend of mine actually one of my best friends that I used to work with on an orchard years ago it was my first job and we used to pick fruit in the dead heat of the summer those are fun hosting hot fun you know but we’ve come a long way from that I I’ve come a long way with my real estate journey if you listen to this podcast you’ve seen the growth just in the last 3 years I hope you’ve had similar growth or much much bigger so I was with my friend recently the same friend that I pick fruit with on an orchard and not too long ago he started his own business in now is over 600 employees I’m not gonna name because honestly probably need security now because the company was valued for hundreds of millions of dollars and he sold 30 percent of it 10 is bank account and she achieve that he earned that because of consistency consistency is have a company for 7 years and he’s worked relentlessly on it I know that for a fact and he also didn’t come from a background in software or anything like that and so we can really achieve whatever we want just sometimes these things take a little while I didn’t come from a real state background none of my family are big real estate investors or anything like that but little by little if we have good goals and we stick to them. Well good things happen right so just quick story to illustrate that I’m super excited forum and I’m super excited to live longer and explore this amazing world I hope you are too I hope you found a lot of value in this podcast please write an ad essere riches.com if you have any episode you want to talk about I would love to talk about them it’s great to hear feedback from you guys you leave you with one more quote and then a little riddle the quotas by Dennis Wheatley and he says you have 2 ways to look at life you can accept the way things are or you can accept the responsibility to change. That is a good one I’ve repeated it before but it’s a very very powerful one so I’m gonna leave you with this little riddle 5 frog Cineworld pad one decides to jump off how many are left they might be thinking obviously tem for frogs are left on the silly Pat if one decided to jump off but just because someone decides to do something doesn’t mean it’s actually going to happen to know the correct answers there 5 frogs honestly Pat just because we decide to do something doesn’t mean that it’s going to happen so hopefully you found some value in this podcast and you’ve taken some action or its help you grow your portfolio the sky is the limit we have more time than we’ve ever had we’re living longer and we’ve got the research to live longer healthier and that is really exciting to me and I’m also excited to do another 50 episodes thanks for sticking with me and until next week I hope you have a fabulous one John. Want to get on the fast track to financial freedom for short term rentals what all searching the properties you acquire you want to make sure that you acquire the right properties I want to give you my you doctor will show you how to do just that there is no charge to my gift to you for being one of our subscribers just go to restmethods.com that’s R E S T methods.com.

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