
Show Summary
In this episode of the Real Estate Pros podcast, host Dylan Silver interviews seasoned real estate investor Trystan Trenberth. They discuss Trystan’s journey into real estate, his first deals, and the complexities of navigating transactions. The conversation highlights the importance of networking, leveraging technology, and planning for retirement through multiple income streams. Trystan shares insights on how to build relationships in the industry and the future of real estate with data utilization. The episode concludes with practical advice for listeners on starting their financial journey and the significance of taking action now.
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Investor Fuel Show Transcript:
Dylan Silver (00:00.792)
Hey everybody, welcome back to the Real Estate Pros podcast brought to you by Investor Fuel, the nation’s premier real estate mastermind. I’m your host Dylan Silver and today on the show we have Trystan Trenberth, a British born seasoned real estate investor and entrepreneur who began by flipping houses and quickly expanded into building long-term wealth through strategic investing. Trystan, welcome to the show.
Trystan Trenberth (00:27.899)
Good afternoon. Thanks for having me, Dylan.
Dylan Silver (00:30.518)
Absolutely, man, absolutely. think one of the first questions that I asked you before we got started here in the podcast is where are you calling from? You said Arizona and I’m jealous because although I’m not too far away in text, it looks like a beautiful day out there in Arizona.
Trystan Trenberth (00:43.78)
It is blue skies, got a couple mile running with my dog this morning and got back, got onto different tasks and activities, we got making calls and it’s a beautiful place to be this time of year.
Dylan Silver (00:56.024)
We’re still having tornado warnings in Denton, which is north of Dallas, but really closer to Oklahoma, so I’m jealous. But I typically like to start these shows by asking my guests how they got into the real estate space, because it’s not always a linear path. And for folks who are on the outside looking in, it can seem confusing, and they’re not sure where to start. what was your entry point into the real estate space?
Trystan Trenberth (01:22.214)
So my entry point into real estate space as a consumer was 2005, a border house where prices were pretty much getting towards their peak within a couple of years and had a foreclosure in 2009. Didn’t really do anything else within real estate because I moved back to the UK at that point. But 2019, after having it on the shelf for about a year, like many people reading Rich Dad Poor Dad was my real entry into understanding
asset versus liability and lot of the concepts that Robert talks about in the book. That was when I looked into education, of course, because Google knew that I’d been looking at Rich Dad. I saw Rich Dad Education and fell into some education with a company that was formally associated with the Rich Dad platform or Rich Dad name.
Dylan Silver (02:14.924)
Okay, you know, it’s interesting that you mentioned that because I think even to this day, Rich Dad Poor Dad, Robert Kiyosaki has inspired so many people. I’ve of course read the book. me and my personal journey, I was selling cars for Nissan at a dealership in San Antonio. I did that for about two years and was working at a number of dealerships before then. And I had wanted to get into real estate and had read Rich Dad Poor Dad, had gotten to a couple Riyas but…
It was a little bit of analysis paralysis. You I didn’t have any deeds in my name at that point in time. There were so many different ways for me to go about it. I ended up kind of stumbling upon real estate wholesale, working for a company at the time that was operating out of San Antonio and got my first couple deals that way. Had no idea how to go about it, but just kind of through failure and a little bit of confidence and just having some people to rely on.
got through my first deals. still remember the first two very vividly. So talk to us about maybe your first deal or your first couple deals outside of the buying your homestead.
Trystan Trenberth (03:14.459)
Mm.
Trystan Trenberth (03:22.031)
Sure. So I remember them quite clearly. So I’d met a friend in Arizona and I decided to do a tax lien campaign and contacted a number of sellers. We got about a 3 % response on it, which is pretty good for a mail campaign. And ended up getting a piece of property under contract, had, I think the mobile home had burnt down on there and there was an RV on the
So we were just buying basically the lot to put a mobile home on. But unfortunately, somebody else got into contract with this guy that was obviously very desperate for money and managed to close 15 minutes before our memorandum recorded because we smelt a rat. And unfortunately, that closed and got away from us. And around the same time, we got another piece of land under contract.
And again, tax liens turned out to be an issue with deed because it was deeded into the name of a deceased party. And there were multiple deeds on the property. So this was one of the best deals that I’ve done, not necessarily from a financial standpoint, from a learning standpoint, because I had to figure out the tax side of things. We had to figure out what needed to be done with probate. We needed to do an affidavit of smaller state, whichever, in Arizona, the name varies a little bit between states.
Pay off the tax lien. Also, I able to negotiate some free credit card delinquent accounts from the deceased to all get paid off and solve the seller’s problem and also make a profit for ourselves, flipping the land to a buyer that’s now built a property on this. And that took about nine months to get that one start to finish.
Dylan Silver (05:09.752)
Wow, you mentioned a couple.
Dylan Silver (05:15.618)
You mentioned a couple things that really piqued my interest there. Credit cards. I haven’t heard that be part of a deal before. And so this is one of your first deals and you’re stumbling upon credit card debt. How did that come into the mix there? And I can’t imagine that there was a lien on the home due to credit cards. how did that come into the mix there?
Trystan Trenberth (05:38.234)
There was, yeah, it was unsecured debt and because it hadn’t been paid and I’m not sure if the credit card company initially were aware that the person was deceased, they had a judgment written by the court which encumbered the land which meant that we had to clear that debt to be able to close on the property. yeah, so not only paying off the property tax liens, there were three credit cards which are negotiated down from
Dylan Silver (05:53.703)
wow.
Trystan Trenberth (06:07.49)
total of about $89,000 down to $17,000 in total. So we got a massive discount on the outstanding debt and paid off the liens. We also had to correct the deed as well with the county. The seller had bought the property with her husband in the 50s and they had bought it to a finance. It was in fact on…
can’t remember if it’s seller finance or if it’s considered a…
What is it called when you take payments on a property? So they basically took payments, So an installment plan, an installment sale. So the seller to them had written a deed which turned the land over to them, which had right of sole survivorship written into the deed. Now when they paid the seller off with the rest of the installment plan three years later,
Dylan Silver (06:47.95)
seller up deck 2 and all that long.
Trystan Trenberth (07:11.607)
The seller for some reason issued another deed because they had forgotten they had sent a deed already, but the second deed, which was the most recent filed deed, didn’t have that right of survivorship on there. So we hired an attorney to write an opinion to the county to say, you’ve already got this deed entitled or entitled in the name with sole survivorship. This second deed is null and void because it’s doing the same thing but…
Dylan Silver (07:17.166)
Mmm.
Trystan Trenberth (07:39.405)
they already owned the property, so this new deed couldn’t have been issued by somebody that was no longer the owner of the property. So that was the way that we were able to get that without doing a full probate on the property. So it’s learning all of these nuances through the way, which was so valuable.
Dylan Silver (07:52.129)
So you
Dylan Silver (07:56.53)
You were going through that. I mean, now that I have some more experience and actually just yesterday I sat for my real estate license exam in Texas and passed, thank God. But without that, thank you, without that experience, I really would not have been able to handle that as one of my first deals. So when you were coming across all these probate issues,
Trystan Trenberth (08:10.904)
Congratulations.
Dylan Silver (08:25.686)
What was kind of your mindset and mentality? Were you thinking like, this is hairier than I thought it would be? Or were you thinking, no, you know, we’re gonna plod through this. I’ll have the attorney take a look at it we’ll get this sorted out.
Trystan Trenberth (08:38.217)
I had resources around me and I had the confidence to be able to know that, you know, firstly, you know, talk to somebody to figure out whether it was possible and then walk through the steps and having created relationships since with probate attorneys because I’ve done a lot with probate cases, whether it’s been a wholesaler that hasn’t known how to handle the probate that’s brought the deal to me to collaborate with them to get it closed and get everything wrapped up.
or whether it’s paying somebody to do the work as we did. We hired an attorney, assistant locally, who was a certified document preparer for the court, so he was able to create that opinion for us through other test cases which gave a precedent for us.
Dylan Silver (09:27.874)
You know, I’ve Trystan to your to your point and your expertise, you know, these probate issues can be hairy. You know, talking about credit card debt leans on a home very, very niche and a lot of folks will stay away from it. Pretty much won’t get it under contract. But I’ve also seen folks who can carve out a niche for themselves because they are able to tackle these issues.
Trystan Trenberth (09:36.212)
Yes.
Trystan Trenberth (09:53.719)
Mm.
Dylan Silver (09:56.354)
And it sounds like Trystan , that’s what you were able to do early on, like in one of your first deals, said, hey, this is a learning experience and I’m gonna use it to my benefit.
Trystan Trenberth (09:56.695)
Yeah.
Trystan Trenberth (10:00.278)
Yeah.
Trystan Trenberth (10:04.088)
But I think one of the mistakes I made was to seek out more difficult deals which took a lot longer and they weren’t always as profitable as I anticipated. I’ve got a couple of great friends, Greg and Kendley. They’re based down south of Dallas near Temple I believe. They specialize in these deep digging cases where they’ve got to find somebody that’s not findable through skip trace and the other things.
Dylan Silver (10:14.99)
Mmm.
Trystan Trenberth (10:32.353)
they’ll really go down the rabbit hole. got some VAs trained to go and look for these people and solve these problems. And they generally do come out with a few very good deals because it takes that time to go and do it and everyone else gives up. Now, some of them aren’t necessarily as profitable as they would like, but generally when you go to those lengths, you’re solving a problem that nobody else is willing to solve. And they’ve been very successful in what they do, as well as flipping and…
buying seller finance and creatively and put in on a good product and ethically so.
Dylan Silver (11:10.462)
Yeah, Trystan. mean, these folks who can go down these rabbit holes, so to speak, these real estate rabbit holes, they can definitely carve out a niche, a name for themselves and kind of be people’s go to when everyone else doesn’t seem to know where to go to. talking about your story, going from the first homestead to these first couple deals to
Trystan Trenberth (11:27.146)
Yeah.
Dylan Silver (11:37.688)
today where you’re writing your debut book. You’ve done so much in the interim. Connect the dots for us. And I know that we talked a little bit before we hopped on the podcast here about whole life insurance and different tax strategies. So you’ve done quite a bit in the real estate space.
Trystan Trenberth (11:54.582)
Yeah, so putting the dots together is really being being aware and using an analogy of a campfire. You want to make sure you share any campfire with people that are actually throwing logs onto the fire to make your fire burn brighter for everybody involved, not people that throwing wet blankets on the fire. So it’s a case of creating a community around you. Obviously we.
generally cast the net pretty wide when you start out in a new community, a new area of interest to kind of see what’s out there. And then we’re able to narrow down and eliminate the bullshitters and so forth and just kind of find the people that really know what they’re talking about, but also be in a position that we’re not just asking them out for coffee or to pick their brains, that type of stuff, but bringing them a deal that you can either sell to them and you want to learn from.
or that they might be willing to partner with you on to show you through. And you’ve got to be willing to give away the farm to get that experience and that knowledge.
Dylan Silver (13:02.808)
I’ve experienced something similar with a mentor here in Denton. What happened with me was I had a signable contract in Aizle, which is west of the DFW Metro. I was living in San Antonio and I was on InvestorLift, which is this platform you can go to find investors in for your deal.
Trystan Trenberth (13:18.74)
Yeah, I know Robert and John and all of those guys.
Dylan Silver (13:22.156)
Yeah. And I was brand new. I had no idea what I was really doing. You know, I know that we had a transaction coordinator at this small company, which since went defunct. But I was like, hey, let me just hop on here and start making calls. I don’t really know too much of what I’m doing. I’ve done this before, but let me just hop on here and start making calls. And so I called this gentleman in the area who I saw was doing these flips according to Investor Lift and
Trystan Trenberth (13:27.787)
Yeah.
Dylan Silver (13:52.206)
He wasn’t interested in the property made me an offer but you we couldn’t end up buying the property there were higher offers and We just stayed in touch and I think just through persistence and maybe he followed me online He was able to we just able to develop a connection He invited me to a fourth of July party and then one day he’s like hey you need to move from San Antonio up to the Dallas DFW Metro because this is really the capital if you will of real estate in Texas
Yeah, you’ve got San Antonio, Houston, Austin, but DFW is where it’s at for real estate right now in the market. So I moved up here. He didn’t even really know, but he calls me out of the blue asking what I’m doing. I tell him I’m living in DFW. And since then, we’ve done four deals together. He’s actually the referral that landed me as the one of the co-host of this podcast. He told me, hey, you know, things are slowing down with fixing and flipping. You should go get your license. I got my license and
Trystan Trenberth (14:25.429)
Yeah.
Dylan Silver (14:50.562)
I’m actually sitting in his office. So, you know, it’s funny because if I had just kind of thrown it to the side, he’s not interested in my deal. None of this would be happening. So it’s all about networking.
Trystan Trenberth (15:01.118)
Yeah, absolutely, absolutely. And what you say, developing the relationships and maintaining the relationships. You know, there’s, I’ve always said that being a super connector, love, I love a few. Initially, I’d go to meetups and have a lot of conversations with a lot of people, but I felt drained, you know, it’s starting to shuffle down.
and just find two or three really good conversations and maybe four or five other conversations and just kind of niche down because I’m clear on what I’m doing, what I’m looking for. So I don’t need to have lots of conversations with lots of people because I’m not sure which way I’m going. Do you know what I mean? It’s not a shiny object syndrome like it was in the beginning. So now I know what I’m looking for. And it’s almost like I want a wingman kind of thing to go with me to take notes on who we’re meeting, what the conversations we’re having.
what the takeaways are, what my commitment to that person is that, oh, I’m gonna introduce you to, or I’m gonna look to make an introduction, but my wingman is now this piece of technology called a plaud. It’s a little pebble-sized thing that goes on my shirt, and I can turn it on and off at any time, and it records conversations. It transcribes them through AI. It’ll create a summary of the conversation, either just as a straight transcript, and it’ll notify.
speaker one, speaker two, speaker three. And I’ve just got it in the last month and I’m just kind of playing with it at the moment. But it’s also great for taking notes when you’re just driving the car, walking the dog, so that you can just speak into it and leverage it as another piece of tool that doesn’t have a paycheck associated with it. Because imagine training somebody just to walk around with you only to the meetings you go into to make notes. Well, this is a perfect thing. It’s about
Dylan Silver (16:57.71)
Huge.
Trystan Trenberth (16:58.676)
It’s about two, three years after I would have liked to have had it, but it’s here. And now that’s given me some more freedom. Because now it can summarize, all goes into ChatGBT, and it’s having a relationship with ChatGBT, not just using it as a specific tool.
Dylan Silver (17:14.178)
There was a sales tool I had used in the past. was called Gong, G-O-N-G, and it would do something similar. But honestly, applaud, A, it’s not on your phone. I didn’t like that it was on the phone. Of course, that’s probably how they got the most users. But the idea of carrying a small device, like for people who are just listening, Trystan had a device that’s about the size of a thumb. And you know, you can have it anywhere, right?
Trystan Trenberth (17:20.264)
Yeah.
Dylan Silver (17:40.534)
It’s taking notes for you, you can do it in the car. Does it need to have a, does it need internet connection, I guess? Or does it have to, no.
Trystan Trenberth (17:46.258)
No, so it can Bluetooth or you can just stick it in there and it can create a Wi-Fi connection to your phone just so it can transfer faster or you plug into the dock to your computer and it just uploads it just syncs with the cloud.
Dylan Silver (18:00.878)
There’s so many times during the day where as much as I don’t like to be, I find myself multitasking. And I know our listeners can relate to this, especially if you’re in a W2 job, you’re trying to learn about real estate and where do you start. If I had this on me, I would be able to probably offload some of the thinking that I’m doing and focus on higher level tasks. And to your point, I think there’s a lot of folks who would have liked to have had this probably in the past year too, but…
I’m curious Trystan, I do ask my guests this quite often. Where do you see this type of technology impacting the real estate industry? Of course we see it with the Zillows and the Airbnbs of the world, just completely revolutionizing things. But you also see it with things like AI data mining for people who are looking for leads. And so you’ve done quite a bit in this space. I know no one has a crystal ball.
But where do you see some of the innovations happening in this space?
Trystan Trenberth (19:02.323)
I haven’t read the Ts and Cs on this thing, but I’m sure that they’re selling data from what’s being discussed in the conversations to companies that are looking for that information. So I’ve no doubt that with the right investment and the right perspective, some of these real estate data technologies will end up buying this type of data. Because of the AI aspect, it can summarize all of the stuff down into
very clear statistical things of, maybe somebody’s dictating that they’re looking, thinking about moving house in three months and talking about their dream home, what their buy box would be for their consumer house. Maybe stuff like that will be able to be salvaged privately without identifying the consumer or maybe eventually it will identify the consumer. But it’s all, it’s kind of like that target example from probably about 15, 20 years ago where targets sent
guy some coupons for diapers. Have you heard that one?
Dylan Silver (20:07.32)
heard about not this one specifically. But I’ve heard about people like utilizing coupons specifically at Target and some of the other ones to like, totally do it.
Trystan Trenberth (20:17.628)
There’s an interesting path for this. due to the buying habits of the daughter, she was buying things which were common for people that either became or were in the process of trying to get pregnant. Now, he called Target after the second time he got coupons and said, what the heck’s going on? Nobody’s pregnant in my house. Why am I receiving coupons for diapers?
Well, turns out his daughter was pregnant. He didn’t know about it. And she had been buying certain things through his card or through the loyalty program. And that’s the level of detail that they had 10, 15 years ago. So imagine what they’re gonna be able to pull out. And that’s just the loyalty program of one store. So when they give you 20 cents off, know, soda or whatever it is that you’re buying, because they want your phone number, that’s what they’re buying.
That’s you’re the product and it’s giving you 20 cents for that product to tell them that you’re buying it in the mix of all of the other things that you bought in your groceries that day and gives them a pattern of, well, if you start buying diapers in three months, maybe those other things that you bought along the way, maybe it was in nutrients or supplements, that sort of thing, might be leading somebody to get into that position where they’re looking to have a baby.
or whatever that looks like, you know, or buying a car. Who knows? It’s all in that, it all in that stuff.
Dylan Silver (21:49.612)
I mean, we all see it now. And I think when it first started happening, you talk about 10, you know, years ago or earlier, people are thinking, you know, I was having this conversation about buying a camera, and now I’m seeing it in my feet. It’s a coincidence. And now we all know the cats out of the bag, they’re tracking us. But it’s kind of like, that’s the price of infinite data, right? So if you can Google anything at your fingertips, and it’s free, and there’s, like no advertisements in your face, like you get with some of the streaming platforms, they’re getting your data, you know, there’s not two ways around.
Trystan Trenberth (22:03.749)
Yep. Yeah.
Trystan Trenberth (22:08.923)
Yeah.
Yeah.
Trystan Trenberth (22:16.657)
Yeah. Yeah. mean, PPC is the same thing. It’s using that same data to be able to put ads in front of homeowners that are doing certain things and saying certain things in the same way. I’d love to be able to use that. And I will be using stuff like that to promote midlife to millions to help find people that are struggling with the idea of how do I predict my future for retirement and asking those questions of what I need to see is
my ideal avatar to bring top of funnel and then start shaking them down into the people that already have some discipline in saving. They may already have a couple of 401Ks, but they don’t know what they’re doing with them to be able to predict for their retirement. And as we talked about before, we started recording. Most people see retirement as an age. They don’t see it as an income stream that allows them not to work anymore. So that’s how we’re trying to…
recontextualize people’s perspective on retirement that now is they didn’t plant the tree 20 years ago, today’s the very next best time to plant the tree. So helping them to understand what it is to create a strategy for retirement, acknowledge the power of inflation, the fact that that’s gonna cost them a lot more to retire when they get around to retiring. And if they’re not gonna have three, four, $5 million in a bank account,
to deplete during their retirement, which probably still won’t be enough with increasing longevity of life, then we need to create income streams that are gonna provide that three to five to $6 million over maybe a 30 or 40 or 50 year retirement period by the time we age out so that that is set for the future and they can continue to build cashflow, build revenue streams, and then they actually have a legacy to leave to their family, which is cashflow.
and assets in maybe a non-revocable trust like the Rockefellers do so that they guarantee the prosperity of their family moving forward.
Dylan Silver (24:21.358)
Yeah, mean, Trystan, this is such a critical point all over the world, but in America, certainly, because we’re talking about outliving your money. And it’s uncomfortable because right now we’re potentially in a flex point in American history because you have all these baby boomers who are now retiring and, you know, their parents lived until 80 and 90 and longer. So who knows? Like you said, it could be
Trystan Trenberth (24:31.28)
Mm.
Dylan Silver (24:49.838)
could be that long and then some and then the next generation after that, know, people could get very, very old and that two, three million dollars isn’t potentially gonna last them. And you hit on something interesting, this idea of increasing revenue streams. A lot of people will talk about decreasing expenses, but you also need to increase income in a way, you know, so you can’t just cut expenses and expect everything to be okay.
Trystan Trenberth (25:16.462)
Agree.
Dylan Silver (25:18.318)
And before we hopped on, we talked about your book, Midlife to Millions, which you’ll be releasing. And I couldn’t agree more with this idea. If you didn’t plant the tree 20 years ago, you have to start now because you can’t just depend on a $2,000 a month social security check, which may or may not be there to fund your retirement.
Trystan Trenberth (25:37.967)
Absolutely. Yeah, let’s just consider even 75 years ago, it wasn’t necessarily an option for somebody to go and take a hot shower on demand.
Think about that. So many places in rural America did not have a hot water heater. It was still using a bucket to heat water over a fire and do a bath once a week. And you’ve heard of the expression throwing the baby out with the bath water, right? The child was always the last one to have the bath. And that’s why they worried because it was so dirty by that point. They worried about the baby being thrown out with the bath water. So if we look at 75 years of progress with
Dylan Silver (26:07.598)
Correct, yeah.
Trystan Trenberth (26:21.485)
having hot showers available to us, let alone all of the other technology we have coming along, the advances in medicine, everything else, but also that much, you know, huge growth in debt, which is creating wealth in the sense that look at Einstein’s Eighth Wonder of the World. If you understand compounding interest, you’re making it. If you don’t understand, you’re paying it. So which side of the scale do you want to be on? Do you want to be on the asset buying?
side of the scale that pays for your liabilities? Or do you want to be the person buying the liabilities with the money that doesn’t really make sense because you’re never buying any assets and you’re growing that debt ratio for your income and never getting out of that debt?
Dylan Silver (27:08.502)
I mean, yeah, like you said, you can’t just close the blinds and expect to be okay. It’s not gonna happen. And it’s unfortunate because what can people do, right? If they’re not particularly savvy on this, your options are, know, enter advancing age with not enough money to pay for advancing medical bills, which is gonna shorten your life. Like these are harsh facts.
Trystan Trenberth (27:33.304)
Mm.
Dylan Silver (27:38.01)
Or you have to say, look, I may be getting older and my capacity for effort may be diminishing. However, what else can I do? And so, you know, without giving away all the game, because I’m sure we want folks to read the book, of course, but what are some key takeaways that people can start to do now which can impact their future, even in midlife?
Trystan Trenberth (27:54.35)
Mm.
Trystan Trenberth (28:04.088)
Well, the thing you mentioned about reducing expenses, that is part of the plan and that’s part of freeing up more capital to be able to either pay down debt. And I’m not a big Dave Ramsey fan, but there are places for the Dave Ramsey prescription. Does that make sense? Some people need to go through that to level themselves and to have that respect for money. And once they’ve had that discipline for that, maybe two, three, five years, maybe to get the debt pay down, maybe it’s longer. Maybe for some of those, that’s the…
place they need to stay in staying out of debt because they can’t handle it like a recovering alcoholic. You just have to stay off the substance which is debt. Other people, once they’ve had that discipline, they’ve understood how money works in a different way. Their educeses themselves become more financially literate. That’s to the point that they can maybe, from what they’ve been saving in expenses or reducing their expenses by, now they have some capital which is
available to be deployed into maybe investments or retirement products that allow them to make investments that give them a return over and above what a 401k or other, you know, basic savings accounts might do and educate themselves into how tax benefits work because that could be another way that they can reduce their debt is by maybe shifting some capital or taking on a little bit more debt once they paid some down. Every situation is different.
But if they can put some of that capital into either lending against real estate or in a limited partnership in a multifamily product, they probably got a five to seven year cycle where they’re getting a little bit of a return that can help pay down some of the debt. They’ve got probably hopefully a 1.4 to 2. something X return on their money in five to seven years, which is something long term or medium term rather. So they kind of lock in and forget about it.
and they know they got a return coming down the road. And by having the investment in a real estate type asset, they can then take the depreciation to lower their taxable income to the government, which allows them to not pay as much tax and then help pay down their debt or invest in another real estate asset that gives them more depreciation. But you’ve got to also balance. You’ve got to build a bridge between today and retirement. So it’s important to maybe get a self-directed IRA.
Trystan Trenberth (30:30.017)
conversion from a 401k that allows you to start building a portfolio in your retirement plan, which you can’t access the money for now, which is great because it means it rolls back into that plan and you can go and buy then more assets and take out another loan to extract some interest and then go and buy another property and grow your portfolio at that end. With some of your tax deductions that you might have on this end, now you can start building assets today that are going to help in the
maybe the midpoint between now and retirement that make your life easier, but it’s kind of building that bridge so you can build to a point where your income hopefully exceeds what your W2 income is so you have the choice to leave. Now you can do something that you really enjoy doing because now you have the choice to work or let that passive income replace that income. But not many people actually really want to retire in this day and age. If they had the health.
I’d rather be just doing something I really love, making an impact with people and creating a difference.
Dylan Silver (31:37.378)
I mean, if you retire, you expire. It’s sadly true.
Trystan Trenberth (31:40.149)
Absolutely. I remember my grandfather, it’s not 100 % accurate. I was very young, but one grandfather of mine traveled the world in his retirement and hiked and wrote books. My other grandfather took care of his garden. He loved planting tomatoes and vegetables, all that stuff, playing bowls. But pretty much the rest of the time he was pretty much sat in his chair. And that was retirement. He stopped work. So that very big extreme difference in perspective on what retirement could mean.
Yeah, there was a difference in means, obviously, but that activity level is very different. So I think that’s a great coin term is if you retire, you expire. It’s keeping this healthy and the body muscular strength, which reduces the strain on bones.
Dylan Silver (32:30.126)
100 % and you know, seeing it in my family, you can clearly see a tie between the people who made every effort to stay intellectually and physically active and their health and their longevity versus those that did not. And it’s like very apparent. So for young people out there, you know, I would just say that
Trystan Trenberth (32:58.406)
Ahem.
Dylan Silver (32:59.446)
If you have the the fortune to be listening to this and hearing similar topics, start now. Like really start now because you once you get to this point, you can you can do things, but it’s going to be it’s going to be more work. Right. And so you really need to capitalize on it as soon as you realize that, hey, I want to set myself up for the ability to retire if if I so choose. Trystan.
Trystan Trenberth (33:18.441)
Yeah.
Dylan Silver (33:29.142)
We are coming up on time here. Where can folks go to get a hold of Yen? Where can they go to buy a copy of Middle Life to Millions when it’s released?
Trystan Trenberth (33:37.557)
So it’ll be on Amazon and the main platforms. I’ll probably consider doing an audible version of it. But find me at AtristenTrendBirth on YouTube, on Instagram. I think AtristenTrendBirth is pretty much the handle I use on all the social media platforms. And on Facebook, Midlife to Millions is a website. It will be relaunched at some point in the near future in alignment with the platform being ready for coaching. I’m going be looking for
people who have, you know, two to $300,000 or more in retirement products that are ready to maybe look at doing something different with it so that they can strategize with their future and help them find investments so they can place that money safely, understand the risks involved because investing is a risk, whether you put it in the stock market, and I’d argue that’s more risky than some of the other investments that are available. But just educate and, you know, do that due diligence to
ensure that we create diversity in their retirement planning and multiple streams of income hopefully from different areas.
Dylan Silver (34:46.722)
that this is such sage advice and I’m definitely going to put it on my calendar to buy a copy of midlife to millions upon release. To our listeners I would just say you know it’s never literally never too early to get started. You could be quite literally a child and thinking about your future. And so that wraps up another episode of the real estate pros podcast by investor fuel the nation’s premier real estate mastermind.
Trystan Trenberth (35:06.014)
Yeah.
Dylan Silver (35:16.462)
It’s been a pleasure, Trystan. Thank you for coming on.
Trystan Trenberth (35:19.796)
Thanks so much Dylan, appreciate your time.