In this episode of The Passive Income Attorney Podcast, Seth is joined by Hemal Badiani, founder and managing partner of Exponential Equity. Hemal shares his meteoric rise of how he transitioned from single family homes to investing in large apartment complexes, all while successfully working in a full time W2 career. Hemal lets us in on the key concepts he learned from CEOs and mentors that helped guide him through the transitional period of scaling up his investments using a simple 3 step process. Additionally, Hemal gives his insight on active vs. passive real estate investing, along with his stance on traditional investing like stocks and bonds vs alternative investments like commercial real estate. For him it’s about meeting your returns without assuming too much risk. Tune in for more!
“You’ve got to climb down that mountain and go up a new one. It’s going to be hard, but there is something that is your true calling…and you know it in your heart.”
HIGHLIGHTS:
02:35 – Hemal talks about his background
06:11 – Hemal reveals the two key principles for scaling quickly
07:52 – Hemal discusses how to build a brand that will sustain for the next 2 decades
09:10 – Hemal shares his experience flipping single family homes
11:19 – Hemal explains how you can utilize multiple coaches and mentors to build your own business structure
12:45 – Seth asks about working a full time W2 job while simultaneously scaling his real estate investments and what that means for work life balance
16:55 – Hemal shares the revelation he had that encouraged him to pursue financial freedom
19:40 – Seth and Hemal talk about active vs. passive real estate investing 26:24 – Hemal reveals the concept of “against the grain of investing”
31:20 – Seth and Hemal discuss investing in traditional assets like stocks and bonds vs. alternative investments like commercial real estate
33:08 – Freedom 4: What’s the best thing to keep you mind and body healthy?
33:47 – In an alternative universe where you weren’t involved in your current business, what would you be doing?
34:26 – Where were you at 5 years ago and where do you see yourself 5 years from now?
34:53 – How has passive income made your life better?
FIND | HEMAL BADIANI:
- Website: Exponential Equity
- Email: hemal@exponential-equity.com
FULL TRANSCRIPTION:
Seth:
What’s up law nation. It’s another beautiful day to be alive. So happy that you can join me today for another episode of The Passive Income Attorney Podcast. Don’t forget when you have a few moments, go check out, escape, the billable.com and snag our free passive investing guide. It’s absolutely free. You guys have nothing to lose. So here on the podcast, we preach that real estate is a long game because typically it is you invest over time, generate cash flow and income replacement in the near term, then appreciation and wealth in the long term. However, if you have some significant capital to get started and are able to leverage the time and expertise of the right people, you can quickly accelerate the process to financial freedom. Our guest today has unlocked this formula to go from house flipper, to passive real estate investor, to scaling into 200 plus unit apartment complexes in really just a year’s time. One year during the pandemic all while working a full-time W2, it’s really incredible. Hemal Badiani is the founder and managing partner of exponential equity, which focuses on his passion of helping busy families achieve financial freedom through fantastic opportunities in commercial real estate investments. Prior to establishing the exponential equity Hemal provided management consulting services to several fortune 100 companies across three continents while creating a portfolio of businesses that he successfully scaled and exited now onto the show.
Seth:
Hey, what’s going on brother? Welcome to the show.
Hemal:
Thank you for inviting me. It’s been such a pleasure talking to you.
Seth:
Yeah, for sure, man. We’ve met up a couple of times and really happy and excited to have you on the show.
Hemal:
Yeah. I am excited to be part of this journey of yours.
Seth:
All right, man. So let’s just jump right in. Tell us a little bit about your story and then, you know, feel free to feel free to brag a little bit.
Hemal:
Yeah. Well, more than bragging, I’m super grateful and amazed about my story and I like, I like it every time I tell it. So my background, my background comes from a management consulting side. So I grew up in a family of businesses when I landed here in the United States from India, a couple of decades back joined a consulting firm, you know, traveled three continents, worked with a lot of fortune, a hundred CEOs and CEOs and the leadership to pivot their businesses and help them scale, help them bring efficiency, help them bring new products or new ideas to the market and help them with you know, growth.
So when it came down to internalizing some of that for, for our business and the way I wanted to structure our company, it was really, really interesting to see what ideas and thought processes and structures and systems that I wanted to bring to the table and always thought about, you know, not just doing a transactional business, but actually building something that as an entrepreneur, not a small time business owner and, you know, building a business at scale. So last three years I focused on single family flips and got into that business a little bit. And then come 2020. I exited a very profitable flipping side of the business to jump right into commercial asset classes across the board, heard for heard about syndication the first time in 2020 and was fortunate enough to go into a couple of events right before COVID head and find a couple of mentors invested the time and money and jump right in passively.
So my first passive investment was in April, right in the middle of COVID. Nobody knew what was going on, but I, as for some, for some reason, I just got the clarity that, you know, multifamily investments especially just the macro economic trends are so amazing that these investments are sound predictable, safe for my own money. So did about three passive investments and then jumped right into the active side. Who’s doing a one, two punch, you know, finding a consortium of operational partners that bring the decades of construction experience and industry experience while building our own team of partners and team members that allowed us to scale again and bring the structure and rigor. So long story short closed on two deals in September one, 208 units in Tulsa, another 128 units in Louisiana. We were about to close next week, December 14th or 15th one deal in Illinois about 64 units. And then we have two under contract one in Winston-Salem, North Carolina, you know, pretty close by to us in Charlotte and then one in Dallas. I’m so excited about the momentum that deem and the structure we have so far and looking to not only build in the multi-family space, you know, try and do three deals a quarter but we’ve expanded into land acquisitions and looking at other asset classes like office triple net leases even hotels next year. We’ll see.
Seth:
That’s incredible, man. How do you think you’re able to scale that quickly?
Hemal:
It was finding those principles of those CEOs that I learned from, right. So one was like I said, the vision, right? Many people invest for the fact that they want to have financial freedom, which is a fantastic motivation to invest in. But, you know, that means you had focused on one or two transactions, how to maximize you do the math and say, Hey, I need $10,000 a month to run my home. Well, how do I get that in three deals? So four deals, right? And for me, I had the vision and I always do is to build a billion dollars company in 18 months. And for that to happen, you got to think about who are your repeat investors? How do you think long-term what type of team members in partners you want to structure and what type of due diligence processes, systems and, and teams and relationships you need to build.
So the approach is a little different longer done thinking. And that’s, that’s the first part. And then, you know, making the right decisions to, for action and going by the gut, understanding where we are continuously evolving as we grew as, as a team, we have team of five now, and hopefully the sixth member joined next month from an investor relations standpoint. And then, you know, trying to pivot left when everybody’s turning, right, that’s the other component that we’ve had to differentiate ourselves on how we bring up above average returns for our investors.
Seth:
You had a really clear vision of what you wanted and what the end goal was, which was to create, you know, a certain amount of passive income over a certain amount of time. And in order to do that, you build a team and a system, and most importantly, you took action.
Hemal:
Yes, yes. And doing things the right way, right. You got to build a brand that sustains for the next decade or two, if you just are focused on two or three opportunities and investments you know, the, the way you focus on them in my mind is different. If you focus on, does this investment create a brand that will last 10 years from now, folks who are investing with us would still 10 years from now say AML and his team have done a fantastic job. And I would recommend them from, from an investment standpoint, that’s the type of trust and credibility we have in the market for our previous companies and work that we’ve done. And that’s a trust and credibility we want to build in the business. Yeah.
Seth:
In a real estate syndication business, and really any business. I mean, your reputation matters so much. And especially, like I said, in this business where you have investors that are just going to keep repeating and investing with you, then this you’ve got to do things the right
Hemal:
Way. Yeah. Yep.
Seth:
Let’s rewind a little bit, man. So any particular reasons you jumped out of flipping and single family?
Hemal:
Yes. It was tough to exit that business because it was profitable, but transactional honestly it was taking sucking up a lot of my time. So again, I could have done a couple of flips, a couple of assignment of contracts a month and be fine, relatively speaking from an income standpoint, but way I think his scales, I had a handful of resources off shore. A handful of resources on shore quickly became a build big team. You know, you try and imbibe your culture and values. And so many meetings to make sure employees from their perspective, the morale is high, but it was really transactional, right? It wasn’t a long-term wealth building aspect. And the number of hours that I was putting in, he was more self-employment small business than actually being an entrepreneur. When I think of a fortune five hundred company. Right.
If you think about the C suite there, what they focus from a time perspective is completely different from senior management, middle management, frontline employees, et cetera. So you cannot have a multi-tier system, or at least I couldn’t do that in the residential flipping space. So, but it was a struggle, right? You can’t just exit something that’s so profitable. And at that stage I actually found a coach, a performance coach, and I hired that person and he really refined my mindset and said, you know, you get to come down that mountain to climb up another one. It’s going to be hard, but there is something that is your true calling that you got to aim and you know it in your heart. And so with those words, I actually completely shut it down at the whole business and jumped right into multifamily investments.
Seth:
Yeah. I think that’s a good point too, man. I mean, whenever you want to venture into something new, getting a coach or a mentor or someone has done it before really expedites the process.
Hemal:
Yeah, absolutely. I wouldn’t do it any anywhere, any, any, any else, but with a coach or mentor, right. And the reason is not only expedited, right? I like to have more than one coach or mentor. I always, at this moment, even I have two or three coaches and mentors that I have subscribed to. And the reason is some people will teach you about mindset. Some people would teach you about business and within the business is everybody has grown organically to evolve their structure and processes. So again, coming from a consulting background, you want to leverage a CEO in the consulting world asks you, Hey, what are the other banks doing if a bank, or what is Amazon doing in customer service that I could look at, you really have to look at it holistically across the board on trends and how things are so learning from two or three people allows you to build your own structure and say, this, these are my best practices. This is what I want to automate. This is what I want to keep manual or relationship, whatever the case may be. So that’s been super helpful.
Seth:
Yeah. And it’s good to get a couple of different perspectives too. Cause sometimes you might get pigeonholed into one mindset. If you only listen to one person, then you find yourself a little bit lost.
Hemal:
Yeah. Yep. Exactly. Flexibility is the key, right. In terms of any sort of business,
Seth:
For sure. For sure. So like many of our listeners, I think you still have a full-time W2 job, is that right?
Hemal:
I do. I do. I’m a senior vice president at Wells Fargo bank.
Seth:
How in the world, are you able to balance that with all the stuff that you just mentioned? I mean, from the flipping business that you were obviously doing a lot of transactions with too, you know, now as an active commercial, passive, inactive real estate investor.
Hemal:
Yeah. It, it was a relative use of my time. Right. So when I was in the consulting world, there was a lot of time spent intercity or interstate or inter-country travel. And then you were at the client site for 12 hours after the client’s gone. You as an internal team are doing meetings. So 60 hour weeks was something that was just normal or minimal. And when I moved to the financial world you know, I have a full-time admin a great team. So a respectable work-life balance was a to you even I could work remotely, even pre COVID you know, drop my kids to school and do all the things that made the most sense and were important to me and that allowed and freed up time because I have five-year-old twins. We’ve kept them on a regimen of doing school days. You know, they sleep by 11:30. So from that 7:30 to 12:00 AM, it’s an amazing amount of hard work. Most days my wife and I are sitting lapped up the laptop next to each other music or something going on. And we work really hard, man. That’s, that’s the only way to do it.
Seth:
Yeah, just work really hard, man. I mean, you’ve got to figure out, you know, when you can carve out that time to get the ancillary things done that you need, that you need to get done.
Hemal:
Exactly. And it’s a sacrifice for something that is your true calling, right. It doesn’t seem like work when you enjoyed so much. And then you want to take time off. Are you taking it for vacations or are you taking it to do due diligence on properties? There’s so many good put some stakes and tough decisions as a, as a family that you have to make. But if you do that for one season, whether it’s one years, two years, five years, whatever the case may be, and that’s your goal is to achieve something. In, in my mind, it just collectively, if you’re aligned as a family and do it then after that life is golden.
Seth:
Yeah. And you know, if you’re like me and I’m sure you are, sounds like you are. I mean, we put in an incredible amount of hours of work a day, you’re talking about the 60 hours. I mean, we put way more than that a week, but we’re doing something that we enjoyed doing. So it doesn’t feel like we’re just, you know, slaving away at a job or something like we’re actually enjoying it.
Hemal:
Absolutely. Man, we could, I could go on 24/7 and talking game about real estate and all my friends would tell you that. And that’s, that’s, that’s the calling man. It’s so much impact each community. You go in there, you meet the tenants. You, you have a vision for how that community could be upgraded for the people who live their families. How many of the lives you’re touching and impacting. And that to me is just unbelievable that this type of investment can bring versus any other asset class, right? Any others, you’re doing commodities and transactions and earning money. It’s just fantastic. And you know, it should be a good goal to bring your financial freedom, but this gives you that cherry on top of getting to impact and meet people who are impacted positively by the work and sweat equity that you put it.
Seth:
Yeah, for sure. I think that gets lost in the shuffle a little bit. I mean, whenever we’re transforming these communities, the tenants are really benefiting from turning these things around and giving them a better place to live and a better place to raise their kids and just a better life in general.
Hemal:
Yup. Yup.
Seth:
So during your career, did you have kind of an aha moment where you started looking at alternative investments and really got into, I guess, flipping to begin with?
Hemal:
Yeah. I speak about this all the time. It was a tragic day for my family at that stage. Turned out to be a very lucky day. But I was consulting up North and up in Boston working long hours, again, traveling Monday through Thursday at the very least if not Friday. And, and my twins are one years old. My daughter had a skull fracture one day. So, you know, got a, got a call from a wife, multiple calls. You’re in the meeting after two or three calls, you’re like, Oh, there’s something quite cool. And so I stepped out and picked up the call and immediately the ground was shaking. Right. And didn’t know what to do. So, you know, tears in my eyes, and I got to head home drive to the find the next best flight and reach home physically.
Fortunately she was fine. You know, didn’t need any surgery or naturally healed the fracture. But you know, just that trauma made so much determination in my mind when I was chasing a ladder from a corporate structure standpoint. And it made me introspect really seriously and say, is this how I want to spend time with my family is it’s how I want to spend time in my, in this world, whether it’s five years or 20 years, whatever the case may be, that I’m here. What, what, what, what is the highest and best self that I could achieve? And where do I focus my time on? So that led me to slowly it was an overnight thing by any means, but slowly bring the conviction to, you know stop that consulting gig joined and joined the financial world and then led me to start this as well. So I’m thankful and grateful that that, that big, tragic seemingly tragic moment at that stage allowed me to pivot to what I believe would be an amazing, amazing life for my future.
Seth:
Yeah. Yeah. That’s a, that’s an incredible story, man. It’s unfortunate that that had to happen for that to kind of click in your mind, but luckily it turned out all right, and you’re a better person and your life is better off for it.
Hemal:
Yeah, absolutely. Yeah.
Seth:
So especially since you’ve done both and you’re working full time and you’ve worked full time and done the flipping and now the commercial real estate. I mean, what are your thoughts about active versus passive real estate investing? Some folks that are listening to this are thinking about getting into passive investing in these commercial deals, or, you know, they might be thinking, hey, I’m pretty interested in this. I want to do the active side. I mean, what are your general thoughts on that?
Hemal:
Yeah, it’s, it’s, what’s your goal, right? You got to start with a clear vision, right? If you truly love what you’re doing as a passion, if you’re a lawyer or a doctor or something like that, and you, you are earning tremendous amount of high-end film. You want a great diversified portfolio to invest money in then potentially passive investment is the best vehicle for the time being and that season of your life. I know a lot of doctors who did 35 years of just their medical practice and when they retire, they bought three office buildings and turned it into, we worked like facilities and setback, right? Because the real world of real estate, you can invest at eight years old, right. It doesn’t need to have, you don’t have the larger buildings and commercial assets. You’re not there with the hammer and the nail and trying to fix stuff.
Seth:
Right. You have to manage a lot actively, and it’s a lot of effort to do it.
Hemal:
It’s not discounted, but what is your vision and what season of life are you in? Right. When my twins were one years old, I probably wouldn’t have done what I’m doing in the commercial side, because I wanted to focus on spending time with them. And frankly, you know, not staying sane with divers and stuff. So, you know, that was, that was a season I had or the last couple of years as they grew, they’ve freed up a lot of my time to focus on things and potentially even they go to college or are in the teens and you know, more self-independent then it’ll be more time of mine provided to this. So that’s where I come from is don’t, you know, if you want to build your life in your terms, you got to start with, where do you see yourself, 10 years from now, 20 years from now and backtrack and see what do you want to do?
Seth:
Yeah, that makes a lot of sense. Now, going back to what you’re talking about, the doctors that bought the offices, I’ve heard a few different nightmare stories about lawyers and doctors that have bought commercial buildings, just kind of out of the blue and they don’t have any real estate experience at all. And they just, they lose it because they think, hey, we’re smart people, you know, we can get this done. We can definitely run a real estate business. And then it just, it’s a mess.
Hemal:
We like those sellers so they can buy them distressed properties. That’s where I had to shift my mindset too, right. I own a single family portfolio. And in the single family, one, you own one asset and give it to a property management company to charge you a hundred bucks, a daughter bucks, whatever the case may be. And, you know, you’ve got one tenant. And if the tenants grade stays on for a few years, then nothing much to do, right? There’s no phone calls. If you have a good property management company, nothing. So it’s a very autonomous business. And that’s why in my mind, less returns than a commercial space from an investment standpoint. So if you take that same model and assume that if you’re out of state and you can just brand a property management company and let them run the business without any incentives or metrics or KPIs drive towards a you’re setting yourself up for failure, right?
And so you really have to have someone as a partner to be the operational expert, make sure that on a weekly basis, that is called there’s KPIs on what’s happening, the property management team in this gaze or your tactical game, right. They might be looking at what’s happening for units that are vacant right now, but who’s going to look at a next quarter. Are we going to get 20 leases that are coming up, right? What are we, what are we doing from a marketing? So you really have to think like a senior management company to manage the property management company. And that’s the part people forget, that’s a lot of work, right? It’s not just finding a deal. It’s not just selling the asset at a profit and in a great market. It’s the actual five years of work to renovate to make sure that tenants have the right things to do manage the property management company, to inspect physically what’s going on and to continuously raise the bar for most, from a, from the actual property standpoint and wherever your maximum profits come from, right. The ideas cause you have a fiduciary responsibility, unless you just put in your money to other investors that have subscribed to you to your investment to make sure their returns are maximize as well. So yeah, we’ve, we’ve come across a whole bunch. And like I said, we love, we love those kinds of sellers.
Seth:
Yeah. I mean, you just gotta be careful. I mean, a lot of people say you should invest passively first kind of get the feel for things. Yeah. See how the deal works. And then if you want to take it a step further, then maybe go into the active side.
Hemal:
Yeah. We did it three steps. Right? We did maybe the three investments passively with three different projects that allowed us to see how things work. Right. Who does the best reporting we’ll do it again. It was to build our own business who is the most communicative who had the most conservative estimates you know, which markets are the right ones for us. So we evolved our thinking, the next three deals we did, we were active, but we actually were okay. Being junior partners because we wanted to learn the next level of granularity on weekly calls and working with property management firms, again, all three deals with three different partners. And that allows us to now bring three different best practices and build our own business the way we want to all future deals. We will be doing ourselves as soup to nuts, you know, the lead sponsors and finding the deals ourselves, running them ourselves and maybe bring a couple of junior partners who own three, 4,000 units that allow us to have that bad phone to make sure that operationally, we were doing everything the right way.
Seth:
Yeah. I love that, man. Just take the best pieces of each deal and each thing that the sponsor does. Right. And then implement that into your own business plan.
Hemal:
Exactly. Yeah.
Seth:
I hear you talk about against the grain investing all the time. So tell me a little bit more about that and what that means.
Hemal:
Yeah, absolutely. So what I’ve seen in the market is, you know, most people, when they start investment again, they don’t, they might not have the time they’re trying to get into action. They’re not getting, you know, trying to not get overwhelmed at all the webinars and three-day and events that are going on. Right. I thought of one line, right. And you get lost and sometimes you get frustrated and you’re like, all right, I need to do something. And so what they started with is, Hey, these are the 20 top markets in the United States. And you know, there’s what might be a great DBI is 1980 or above cookie cutter, right? That’s what I call it. And if you stick to that criteria, you are against 60 other people, institutional buyers, depending on the size of the asset that are trying to buy them. And in my mind, you, you cannot help, but overpay, right?
The risk level in a multifamily investment profile should be lower against all the other investments. And in this game, the risk level becomes a little higher, right? Because your bank, the asset and something could go South. So you don’t have enough contingency in your plan built for that. So our philosophy is, well, are there other markets beyond the top 10 that have, you know, it might not have a declining job population, but there are great, you know, they are, might not be growing 5%, 10% every year, but are they growing 1% or 2%? Are they steady enough with diverse jobs where people still want to live? Right. This is a core asset. People want housing, people want great housing and all their houses and apartment communities are not being built that much. So we, we look at that as one philosophy, we look at heavy value, add or distressed, not just stabilize 95%.
Again, you paying that retail premium for buying something that other people have put in the sweat equity to get it to a stage, right. And done for you and you’re just running it. So we try and buy something that is true value. Add, you know, putting 10, 50 and thousand dollars. It takes time two years to turn 60, 70% occupied. That’s the other philosophy. And then we look at other asset classes, right? People say, Oh my goodness offices done. Oh God, that’s great. But what if it’s an office of FedEx employees, right. If it’s a call center, are they going to come back? Right. So if it’s leased out for the next 10 years and people are panicking and everything from a valuation standpoint is going down, can you make enough money, right. Without assuming too much risk. So our philosophy is if you want to scale and be consistent with above average returns for our investors, we have to look at assets that we have, not just one off 60 people and trying to just say, Oh, my relation with the broker is the best. And my price is the premium. And that’s why I’m going to get this deal that everybody can do that. But then sometimes the music can stop. I actually that in 2008, and you don’t want to be the one holding that hot potato, because you just paid so much premium to the price, thinking three years from now, that asset value is just going to keep on going up. So that’s where we, we call it against the grain. But in my mind, that’s the only way we should invest.
Seth:
And really there’s a creativity portion to that, right? I mean, you’ve got to get creative nowadays, especially in a hot market. You know, we’re probably towards the top of the market. I mean, it might continue here. Nobody really knows the future, but it’s, you know, it’s, it’s about being creative so you can get a good deal. So you can make this thing work, even if it does, even if the market does make a little bit of a turn, if you get it right, then it’s going to work anyway.
Hemal:
Exactly, exactly. And the creative financing side, you just hit it pretty well on that. We look at that as well as the seller willing to keep a stake in the, in the asset. That’s the first question we ask. Right? Well, they want X great, can they carry 20% of paper if they want that? Right. Because then, you know, dead side of the equation that the game and the math completely changes if they say yes to something like that. So yeah, again, yeah. Creative aspects, finding the deals that there are only 10 people bidding on it rather than 60 is what we aim for. Yeah.
Seth:
And speaking of against the grain investing, I’d love to hear your opinion about investing in traditional assets like stocks and bonds and mutual funds versus especially nowadays where that stuff is flying through the roof right now for good or for, for good, or for bad versus alternative assets like commercial real estate.
Hemal:
Yeah. My personal experience has been really bad. Right. And so many of our, I have done the market cycle. I’ve missed time that stock and stock perspective, I lost money. And I don’t understand when I asked someone a question, well, why should Amazon be $4,500? And they are like, Oh, that’s because, you know, they’re sending a ton of money or a ton of products. Well, that’s great. But what, what does it make it go from 2000 to 4,500 for selling? Are they selling two and a half times? What have you done in terms of research and there’s none. Right. So that scares me because I’ve honed on money really, really working hard. And so I shy away from those kinds of investments. Personally, a lot of people put a lot of effort and it’s a great diversification strategy for a lot of people. So again, it’s a competency. If you treat it as a business, if you take the emotions out, you should stick into trading the data analysis or somebody else has the research done, and they’re giving you some sort of information to help you, whatever the case may be, then yeah, we can buddy up or spend your time for me, my full time with the job, with my family and commercial real estate. And that’s where I want to spend focus my time.
Seth:
Gotcha. Love it, man. Well, let’s jump into the freedom 4. What’s the best thing you do to keep your mind and body healthy?
Hemal:
Mine, I met a date for sure and listened to Alan Watts and try and read some books at a time, but more, more listening. Do good, good lectures from around meditation or just silencing the mind body. It’s good amount of walks and I’ve not been the, my healthiest self yet, but we’ll get there when we join Burn Boot Camp!
Seth:
There you go. Well, 2020 has been pretty rough. It takes a lot more effort this year to stay at your tipped up shape.
Hemal:
Yeah, yeah.
Seth:
In an alternative universe where you weren’t involved in real estate, what would you be doing?
Hemal:
In an alternative universe? I would have my own real estate fund for sure. It will be great to leave some of the inefficiencies of gathering capital out of the picture and really helping communities the way I want to and, and shake them.
Seth:
Gotcha. Well, I think that’s still real estate, but I’ll give you a pass there, brother. Where, where were you at five years ago and where do you see yourself and your business five years from now?
Hemal:
Where was I? Five years ago, I was with my consulting company, Accenture trying to be a managing director. And in five years I would have at least a billion dollars in assets, under management.
Seth:
Love it, man. How has passive income made your life better?
Hemal:
It’s made me think about freedom very consciously and you know, the, the vision and goal for our family now is, has changed. And the vision goal for our family as our biggest personal expense should be vacations and experiences. And our biggest, my biggest professional expense should be masterminds and mentorships. So that’s different from, you know, gathering material things or buying the biggest house or anything of that sort, which of the rat race, you kind of keeping up the Joneses. I’m so glad we’ve evolved from that standpoint. Yeah.
Seth:
I like that, man. I mean, I always try to take one at least one big, long vacation a year, but I’m trying to get that into like two or three, you know what I mean? I mean like three weeks most people that have a W2 job can’t do things like that.
Hemal:
Exactly. Yep.
Seth:
All right, man. Well, it’s been great. Where can our listeners find out more about you?
Hemal:
Yeah they can, I’m pretty active on Facebook and LinkedIn search for Hemal Badiani. And then our website is www.exponential-equity.com. Awesome brother, thanks again for coming on. Yeah. Thank you so much. There was a pleasure speaking with you and hope you and your listeners got something out of value and happy to reach out to anyone from, from your world that reaches out for sure.
Seth:
Oh man, incredible how quickly Hemal has scaled and the amazing things he’s accomplished in such a short amount of time, all while working a full-time W2. And I love his concept of against the grain investing. See, you can do it too. It is possible. And even probable, if you surround yourself with the right people and focus your time, effort and dollars, that being said, I’d love to chat with you guys about how you can allocate your time, effort, and dollars to create significant cash flow and wealth. So you can practice when you want to. Not because you have to start by going to escapethebillable.com to get our free passive investing guide and to join our Esquire Investor Club at passiveincomeattorney.com to gain exclusive access to educational content in our investment opportunities. Have an incredible day folks and celebrate the journey.
