<description>&lt;p&gt;In this episode, Anthony Weaver sits down with Michael Cobb, a seasoned entrepreneur and investor, to explore the transformative power of stepping outside your comfort zone in the world of finance. Michael &amp;#34;Mike&amp;#34; shares his journey from traditional investments to alternative asset classes, emphasizing the importance of taking calculated risks and overcoming the fear of failure. He discusses how he built successful businesses in Central America, including a bank and a timber company, and the unique opportunities available for savvy investors looking to diversify their portfolios.&lt;/p&gt;&lt;p&gt;Key insights include:&lt;/p&gt;&lt;p&gt;// The significance of investing outside of traditional asset classes&lt;/p&gt;&lt;p&gt;// Understanding the difference between risk and the perception of risk&lt;/p&gt;&lt;p&gt;// The importance of preparation and research before making investment decisions&lt;/p&gt;&lt;p&gt;// How to approach international investments with confidence and due diligence&lt;/p&gt;&lt;p&gt;// The impact of service and community development on business success&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;=|| Chapters ||=&lt;/p&gt;&lt;p&gt;00:00 - Intro&lt;/p&gt;&lt;p&gt;00:23 - About that Wallet podcast helps the Samwich generation build strong financial habits&lt;/p&gt;&lt;p&gt;01:12 - So what is it is a cool financial tool that you found along your journey&lt;/p&gt;&lt;p&gt;09:04 - People perceive investing overseas or outside their home country differently, Anthony says&lt;/p&gt;&lt;p&gt;13:19 - A mortgage company was born in 1994 in Belize&lt;/p&gt;&lt;p&gt;17:35 - Forestry management companies&lt;/p&gt;&lt;p&gt;23:33 - Timber is a great way to build wealth&lt;/p&gt;&lt;p&gt;28:34 - Sawmill in Panama &lt;/p&gt;&lt;p&gt;32:06 - Third segment&lt;/p&gt;&lt;p&gt;37:46 - Final Four Questions&lt;/p&gt;&lt;p&gt;&lt;span&gt;39:36 - Last question&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span&gt;Connect with Michael Cobb:&lt;/span&gt;&lt;/p&gt;&lt;p&gt;Website: &lt;a href="https://ecidevelopment.com/" rel="nofollow"&gt;https://ecidevelopment.com/&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Email: &lt;a href="mailto:Mike.cobb@ecidevelopment.com" rel="nofollow"&gt;&lt;strong&gt;Mike.cobb@ecidevelopment.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Request Mike&amp;#39;s free book: Send an email with &amp;#34;Mike&amp;#39;s book&amp;#34; in the subject line!&lt;/p&gt;&lt;p&gt;Note: This episode is packed with valuable insights for anyone looking to expand their financial horizons and invest with confidence. Don&amp;#39;t miss out on the chance to learn from Mike&amp;#39;s extensive experience!&lt;/p&gt;&lt;p&gt;__________&lt;/p&gt;&lt;p&gt;Follow Me:&lt;/p&gt;&lt;p&gt;IG: &lt;a href="https://instagram.com/aboutthatwallet" rel="nofollow"&gt;&lt;strong&gt;aboutthatwallet&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Twitter: &lt;a href="https://twitter.com/aboutthatwallet" rel="nofollow"&gt;&lt;strong&gt;aboutthatwallet&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Website: &lt;a href="https://aboutthatwallet.com/" rel="nofollow"&gt;&lt;strong&gt;aboutthatwallet.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Or &lt;/strong&gt;Buy me a coffee: &lt;/p&gt;&lt;p&gt;&lt;a href="https://buymeacoffee.com/aboutthatwallet" rel="nofollow"&gt;&lt;strong&gt;https://buymeacoffee.com/aboutthatwallet&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;DISCLAIMER: The information in this podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Please consult a qualified professional for advice tailored to your individual circumstances.&lt;/p&gt;&lt;p&gt;Episode #342&lt;/p&gt;</description>

ABOUT THAT WALLET

Anthony Weaver

342: [Michael Cobb] Risk, Reward, and Real Estate

APR 22, 202641 MIN
ABOUT THAT WALLET

342: [Michael Cobb] Risk, Reward, and Real Estate

APR 22, 202641 MIN

Description

In this episode, Anthony Weaver sits down with Michael Cobb, a seasoned entrepreneur and investor, to explore the transformative power of stepping outside your comfort zone in the world of finance. Michael "Mike" shares his journey from traditional investments to alternative asset classes, emphasizing the importance of taking calculated risks and overcoming the fear of failure. He discusses how he built successful businesses in Central America, including a bank and a timber company, and the unique opportunities available for savvy investors looking to diversify their portfolios.Key insights include:// The significance of investing outside of traditional asset classes// Understanding the difference between risk and the perception of risk// The importance of preparation and research before making investment decisions// How to approach international investments with confidence and due diligence// The impact of service and community development on business success=|| Chapters ||=00:00 - Intro00:23 - About that Wallet podcast helps the Samwich generation build strong financial habits01:12 - So what is it is a cool financial tool that you found along your journey09:04 - People perceive investing overseas or outside their home country differently, Anthony says13:19 - A mortgage company was born in 1994 in Belize17:35 - Forestry management companies23:33 - Timber is a great way to build wealth28:34 - Sawmill in Panama 32:06 - Third segment37:46 - Final Four Questions39:36 - Last questionConnect with Michael Cobb:Website: https://ecidevelopment.com/Email: [email protected] Mike's free book: Send an email with "Mike's book" in the subject line!Note: This episode is packed with valuable insights for anyone looking to expand their financial horizons and invest with confidence. Don't miss out on the chance to learn from Mike's extensive experience!__________Follow Me:IG: aboutthatwalletTwitter: aboutthatwalletWebsite: aboutthatwallet.comOr Buy me a coffee: https://buymeacoffee.com/aboutthatwalletDISCLAIMER: The information in this podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Please consult a qualified professional for advice tailored to your individual circumstances.Episode #342