Making Money Or Helping People - Do You Have To Choose?

Assisted Living Network Podcast

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5+ y ago 6:06

MP3•Episode home

20 years ago when we first heard about assisted living, we all heard about the silver tsunami that was coming.They were sharing it from the business perspective but there was nobody there to show how it's done. But when it comes to real estate, it's just bricks and sticks. You can fix it, flip it, buy it, hold it and rent it. But it's kind of cold and meaningless.

You have to take care of business, but you also have to have a heart. We're taking care of people, but it's okay to make money. Making money is why we do it, but we can choose to do it in a way where we can make money and help people. The more money you make, the more you can give and it flows through and the faster it comes.

All of us have parents or people who are older within our family that somebody is going to need to take care of. So you can start your own home and they can move in for free. Or you can charge them money or whatever it is that they can afford. You want to have a little bit of control over the caregivers and managers, but not be the caregiver or manager. By owning the residential assisted living home, you can have that control, you can help them do good and do well. It is truly the best of both worlds. Make money and help others.

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66 episodes