Retiring by 40, Wealth-Building & Power of Leverage with Byron Hutcheson

Byron Hutcheson recently achieved his goal of retiring by 40 years old. He had worked in corporate finance for a commercial real estate company since 2005 before deciding to “hang ’em up.”

Now he’s a full-time investor—primarily in commercial real estate. He also does some angel investing with your not-so-humble host. And was the best man at my wedding.

In this episode, we discuss his investment in Visiting Angels – a non-medical staffing company for seniors and others who need in-home assistance. Byron shares how he got started in franchise-investing and how lucrative it’s been.

We also discuss our philosophies when investing with friends. Byron says they need to be a good steward of friends’ money and 100% committed to the project they’re working on. He gives equal importance to the person’s character.

Also Byron & I share a passion for travel. Since we’ve both been to Eastern Europe, Kauai (Hawaii), and Nicaragua, we talk about why those are outstanding places to visit.

Great discussion with a great friend. My favorite part? Our chat about gaining total freedom over how you spend your day…as the ideal way of living. Enjoy!

Fun questions:

Social media – net negative or net positive for society?
How do you think your life would be different if you’d been on social media?
When is the first time you logged on to the Internet and what did you do?
What’s the greatest joy of being a father of girls?
If somebody dropped $1 million in your lap tomorrow, what would you do with it?
If somebody gave you $100,000 and forced you to invest it in 3 companies: Apple, Amazon, and ExxonMobil — how would you allocate those funds?
Same dollar amount, but you’re forced to allocate it toward gold or Bitcoin – how do you divide that up?
What % chance do you think Donald Trump has of being re-elected?
Do you have a favorite book?
Do you have a favorite podcast?
If you had to live somewhere for 6 months, pre-COVID, where would you go?