IF 35 - Teaching Kids to Save, Invest, and Succeed with Danny Flores
Manage episode 440565506 series 3579927
In this episode, I interview Danny Flores, a successful multi-family real estate investor and father of four boys (19-22 years old). We discuss balancing family responsibilities while building wealth through real estate. Danny shares his parenting philosophies, emphasizing the importance of teaching children from a young age, spending quality time, and setting a good example. He delves into his transition from investing local to an out-of-state real estate market, his strategy for managing fear in business, and how he instills values like hard work and financial prudence in his kids.
The episode concludes with Danny's insights on raising independent and ambitious young men and his family's favorite activities.
Danny Flores - LinkedIn
Show Notes:
00:00 The Importance of Teaching Moments
01:37 Danny Flores: Real Estate Journey
02:33 Navigating the Real Estate Market
06:03 Family Background and Values
10:59 Raising Children with Financial Wisdom
14:03 Teaching Financial Responsibility
17:49 Children's Career Aspirations
19:25 Proud Dad Moments
19:37 Teaching Kids About Money
20:19 Finding Fulfillment and Passion
22:23 Handling Risk and Fear
26:25 The Importance of Family Time
30:59 Navigating Challenges and Mistakes
33:14 Creating Lasting Memories
36:34 Final Thoughts and Advice for Dads
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