Insider Secrets 56 with Prashant Kumar

<p><strong>Standout Quotes:</strong></p> <p>"I feel that by giving back, I get more for myself" - [Prashant]</p> <p>"A lot of people have a lot of money, but they don't have time" - [Prashant]</p> <p>"I may choose to be aggressive, I may choose to take the risk on my money, but it's not fair to take the risk on others' money" - [Prashant]</p> <p>"As you start doing the deals, as you start to continue to build your brand, you are developing an ecosystem around you... and when the deal comes..investors come to you automatically" - [Prashant]</p> <p>"For me, my life revolves around my inner self, my meditation, my spiritual life, and those are the biggest supports for me" - [Prashant]</p> <p>"If it's not feeling good, then I probably wouldn't do it, I will do it only if it feels good" - [Prashant]</p> <p>"Money's overrated, but if you have money you can at least arrive at your problems in style" - [Mike]</p> <p>"If you want to create generational wealth for yourself...you better start Real Estate now" - [Prashant]</p> <p>"Respect what you have" </p> <p>"Connecting the people is what is needed... Nobody's going to invest with me if I'm not connected with them" - [Prashant]</p> <p>"Invest when the time is right, not when you have the money" - [Prashant]</p> <p><strong>Key Takeaways:</strong></p> <p>- Prashant describes himself as "Compassionate", explaining that by giving back he gets more.</p> <p>- He highlights different advantages of scaling, the first of which is spreading the risk, such that even if some people don't pay the rent, he has multiple sources of income. Another advantage is the increased income.</p> <p>- In vetting a sponsor Prashant shares that he looks at the track record of the sponsor and talks to other existing investors. The next thing would be vetting the bill. </p> <p>- Prashant shares that he is strongly conservative in his approach generally.</p> <p>- When it comes to fundraising, initially it's difficult and you go to family and friends but as you carry out more deals, you develop an ecosys