Nichole Stohler is founder and host of The Richer Geek Podcast, where she lives out her mission of educating and empowering high-income professionals to find creative ways of building wealth and financial freedom. Nichole has been in technology sales for 22 years, and absolutely loves how fast-paced, dynamic, and diverse the industry can be. As much as she’s enjoyed her career, however, Nichole realized she needed a “plan B.” So she created one. While working full-time, Nichole and her husband built an 8-figure real estate portfolio of multi-family, single-family, and hotel properties. With her own “plan B” in place, Nichole believes that it’s not only possible, but it’s essential that others in high-income roles find ways to make their money work for them, so they can finally achieve the wealth and financial freedom they deserve. Nichole and Mike are also hotel syndicators helping investors passively invest in real estate projects.
In this Episode, You’ll Learn About:
1. What is The Richer Geek 2. Adapting to changes 3. Hotel syndication 4. Create and protect wealth 5. Approaching goal setting
Quotes: “ Make sure your skill is changing and that you have the right skill set for what’s needed today “ “ Depreciation on a larger property is significant “ “ There’s more levers in hotels, it is more of a business than it is pure real estate “ “ We’re just continuing to look at cash flow, that is the piece we’re focused on “ “ You get those things which help drive people's preferences toward choosing your brand and market“ “ You do have to really make a list of where you are in your life at this point in time and what your goals are“
