BIGGEST RISK with Mandy McAllister

Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you, Mandy McAllister, what is the BIGGEST RISK?

Mandy McAllister

I really believe that the BIGGEST RISK is doing nothing, that there's risk all around us. And no matter. I'm a very risk adverse person, I have followed the script. I am a farm kid who does stuff the right way. And it wasn't until I realized that no matter what it takes not taking a risk is the is a risk. It's a choice boards, leaning into my money getting eaten by inflation. So there was a book that was kind of all the rage recently through governance women called the psychology of money. And my primary takeaway there is I don't need to be perfect in my decision making. I just need to be reasonable enough. And if I'm reasonable enough in that risk mitigation, and the idea of real estate, everybody always needs a roof over their head. Maslow's hierarchy of needs, tells me that this will have demand till the end of time, right? You don't need to buy a Bitcoin, you don't need to buy a stock certificate, you need a roof over your head. So how can I lean into the thing with the strongest demand ever? And be reasonable enough in the process, so that I am winning, rather than just leaning back in letting inflation eat away at my mouth?