The following Q&A was completed as part of our conversational Commercial Real Estate FAQ Interview Series, we hope you find it helpful.
When working with doctors and dentists, what they believe they’re looking for is financial freedom but what they’re really seeking is time freedom and legacy. Building a passive income that allows them to spend more time with family and trust that they can sometimes detach from their business means a great deal in the overall scheme of their investing. When they reach this level of time freedom through wealth, they find that they can craft longer term visions for their family and their overall life enjoyment.
Richard Wilson: What is the number one most important thing you think you’ve learned after meeting with and working with dozens and dozens of dentists and doctors over, you know, the last half of a decade?
Dr. Forrest Bryant: You know, I think it just goes back to finding alignment I think. Understanding what they’re trying to do, you know, two of the big buzzwords we use in our community are freedom and legacy, so a lot of our doctors are really – they think they’re looking for financial freedom, they’re looking to generate passive income, some of them understand, some of them don’t, and we really get to work with them. A lot of times what they’re really looking for is timed freedom, a lot of them they’re tied to their business so they’re chained to their business where if they’re not the one that’s there seeing the patients, then you know their business stops. So, helping them create a real business where they’re not the only provider and you’ve got scalability is a really big factor in that. And kind of our end goal, and the thing that we ultimately helped to look at them get to is what we call legacy, and that’s crafting a long term vision for their family and for their business to really think about doing something that matters and just being a good steward of what we’ve been blessed with.
Richard: Sure, okay.