The Landlord Lens - From Firefighter to Real Estate Millions — Dave Seymour’s Story

Episode Date: September 5, 2025

Dave Seymour went from being a Boston firefighter working 120 hours a week and on the verge of losing everything… to becoming a nationally recognized real estate investor, star of Flipping Boston, and founder of Legacy Alliance. In this episode of Landlord Lens, Dave shares how he turned financial desperation into financial freedom, and the exact rental investing strategies he uses today.👉 Learn more about Dave Seymour’s Legacy Alliance here: https://legacyalliance.com🔑 What you’ll learn in this video:- How Dave went from broke firefighter to millionaire investor- Why “working harder” isn’t always the answer- The role tenants play in building true wealth- Rental investing secrets for new and seasoned investors- How discipline beats motivation every timeIf you’ve ever wondered how to go from struggle to success in real estate investing, this conversation will give you the mindset and tools to start making it happen.

Look, the big picture is, is the tenant is the most valuable piece of your business. So there are a lot of checklists that need to be created through experience to be able to get good property management in place. Hey, everybody. Welcome to an episode of Landlord Lens. Today we've got an interview with Dave Seymour, who you might recognize from television. He was on the hit A&E show flipping Boston, which the New York Times reported. I was reading before our call, Dave, that it had the highest ratings for A&E ever on the first time it aired, which is pretty awesome. He now runs a fund called the Legacy Alliance, helping investors secure a legacy for their future through a variety of alternative investments, but mainly multifamily investments.

And he helps manage those as well. So Dave, welcome. Hi. How are you? Thanks, John. I'll be gentle with you. I just want everybody to know, John's a little skinnish today because he doesn't have a producer. So we're going to be gentle with you. Everything will be fine, I promise. Thank you, Dave. I really appreciate it. I'm getting a little sweaty over here with all the buttons. Well, Dave, one conversation I want to make sure we start with is your background, because

you don't have a typical background. You're not coming from, you know, you weren't a 21-year-old on Wall Street, you know, figuring out how everything works in that context. You got a more interesting. background. So why don't you tell the viewers at home, where was Dave from and what did he do? Yeah, we'll make it brief. Look, I didn't come from Yale, but the good news is I didn't come from jail either, right? So it wasn't Yale or jail, my little opening line right there. I'm a blue-collar guy, John. I grew up in the south of England. I immigrated to the States when I was 20 years old. But, you know, my business knowledge base was slim to none. My understanding of finance and capitalism was pretty much slim to none.

And none of this has ever been, as far as I've concerned, like a moral issue, right? Financial illiteracy isn't a moral issue. It's not like, okay, that guy's dumb. He doesn't get to play in the sandbox. But you're only as good as the information that is given into you. Growing up in a blue collar background in the south of England, I only knew one thing, and that was to trade time for money, right? Work hard, a kid.

Work hard, boy. My dad was a solid dude. Still is. I just spoke to him this morning, actually. I love my dad. He's 82 years old. But the best advice he could give me as a young man was, you know, work hard, son, don't lie, don't cheat, don't steal, do the right thing, work hard, right?

And after 40 years, you'll retire. You probably won't have enough money to own your own house. your retirement probably won't be that strong either, but hang in there, son, it's worth it. Keep your nose down. Don't ask questions. And, you know, I make it kind of comedic, but that's an information tract that millions of people have followed. So I followed that work hard track. Came to the States, like I said, 20 years old, bounced around a little bit, but I eventually

ended up in New England. and in New England I landed a good job. I mean, it's one of those good government jobs, right? Get a government job, Dave. Because if you get a government job, you get a good government pension. Pension. Everything's good. You're going to be fine.

And I did that. I landed a job as a firefighter and a paramedic working in the city of Lynn Mass, in Massachusetts, which is about, I don't know, 15 miles north of Boston proper. but Lynn was a tough town. Fire department for 16 years, and that was my transition. During that period of time, you know, most firefighters have a second job, and I was working the second job doing construction as most of us do in the trades. I have my own financial challenges going into the crash.

I'd refinanced my primary residence way too many times because the pariahs and the bad actors in the financial industry did very well during that period of time with subprime lending. I was a victim of that circumstance. Losing my house, working way too many hours. Without exaggeration, John, I was up to about 120 hours a week. Oh, my God. Yeah, dude, I worked the fire department, praying for an overtime so I could make my bills.

Then I'd work construction on my days off. And then nights and weekends, I'd be retail security. Wow. Like I was, all I knew was to trade time for money. said. Anyway, it all came crashing down and I was losing my house. I remember I was sitting in my my F-250 pickup truck. The ignition was off and Lynn Mass has a little strip of beach right on the ocean and I'm sitting down on the ocean and I'm screaming at God and I'm like, you know, I've thought everything I'm supposed to do, man. I did a lie, cheat or steel. I busted my ass.

Like hard work was never a challenge and I'm losing everything. I'm losing it all. What did I do wrong? Can you hear me, God? Like it chokes me up all these years later. It's like, did you hear? Do you hear me? I'm here.

And I was looking for guidance. And it wasn't coming. It wasn't coming. And I kind of resigned myself to the fact that, you know, maybe I just, I'd been abandoned. Whatever. That was how it felt in a moment in time. And I heard nothing. I felt nothing.

And I turned the ignition on in the truck. because I'm going to go home and tell my wife, we've got to go. I've lost the house. And a commercial came on the radio, teach me foreclosure, a free one and a half hour seminar, learn how to do real estate investing with no money down. And I'm like, is this it?

Is this it? And things began to fall into place for me in that moment of clarity. They kind of did one of these. And I took a leap of faith. and I went to, it's funny, I screamed home and I'm like, Marybeth, I figured it out, babe. It's all going to be good. And she's sitting there. My wife was a nurse, a labor and delivery nurse.

She's sitting there. She's like, okay, what's he come up with now? What's next? And I said, we're going to be real estate investors. And we went to a class. And I'm a product of the seminar industry. I'm a product of real estate education and training. And more importantly, I began to really.

restructure the way I thought about time and money. And I went all in. We went to this free class, and I'll be brief for the sake of time, but we went to this free class. And at the end of this free class of three days of this mind readjustment. Yeah. Like I understood that money, if money doesn't move, it doesn't work, right? Money is like a big pile of manure.

If it just sits still, it stinks. But if you sprinkle that sucker around and you get it going, beautiful things grow. And I heard things like there's good debt and there's bad debt. Trading time for money is considered a loser's bet in this world. And I'm like, how dare you? I'm a working class guy. Like it was breaking down some of my dogma that have been given through generations. Anyway, there were five classes that you could invest in afterwards, right?

Yeah. And it was a $27,000 investment. for these five classes. And I'm sitting there on that Sunday. And I'm, again, a man of faith. I'm praying like, what am I supposed to do next? And I looked at my wife and I said, what do you think? She said, well, what do you think?

I said, here's what I know. I can't keep doing what I'm doing. I've run out of time, right? I've run out of hours in the day for somebody else to tell me my value. Let's do this thing. And she said, I love you. She said, go, it's a quote in my home. Go get him, killer.

She said to me, I love you and I support you. And if you're going to do this, then I'm with you. I'll help you in any way I can. And I said, that's awesome. I said, because I've maxed out my credit cards. We've got to use yours. I say today that my wife, Mary Beth, was my first private lender. Yeah.

And then I attacked it the same way. I attacked fire department and firefighting. You know, I found a team. I leaned in. I never gave up. I just kept going, you know, and leveraged everything I could. And that took me through the crash. I became, I became known as one of the top distressed asset investors in the Massachusetts market. When you think back on those first couple two years, maybe you were just in, you know, single family distressed stuff in Massachusetts at that point. What were some of the key lessons that you learned really fast and wish you'd started with. Yeah, some of those key lessons really are.

Motivation is temporary. Discipline and application creates permanency, right? People will listen to me speak in any capacity podcast. Maybe I'm doing a live event, whatever the case may be. And Warren could say, Dave is a motivational speaker, right? He creates motivation, which I found out very quickly will fade away. So I've learned for me, and this is for me, I've learned for me that other people's opinions of me and none of my business. Am I applying the information that I have learned?

There are a lot of incredibly intelligent, smart people in the world who are broke as a joke because they don't implement what they learn. They, you know, they wallow in in self-gratitude and greatness because of, you know, the amount of degrees they have or the fact that they can, do X, Y, and Z, but if it doesn't have a place of application to create a transference of goods and services, right? Am I giving something to get something and am I getting something to give something? And if I can set up a transference of goods and services, then good things happen. And that started for me by surrounding myself with good people, with the right people. So I learned, I learned to surround myself with good people. I learned to replace my fear with faith, because it's it's scary when you're doing something new. But if you've got a foundation of discipline and

application, things will fall into place. And lastly, I'll say this, nothing, none of it happened on my time. You know, like I would set as my mentors and coaches would suggest to me, set three, six, one, five year goals. I never hit them. I never hit them. Some of them were faster. Some of them were longer, but realizing that just small increments in the right direction make a difference, like I believe that and continue to believe it today. Wow. Those are some terrific lessons, and I wrote some of them down. I want to call out, too, that I think a lot of them have to do with relating to your

emotional relationship to your work in a healthy and a smart way. Like the fear, replacing fear with faith, right, trusting the process. building the process, investing in the process, the discipline of that. You know, where I'm, I grew up going to summer camp, Christian summer camp, and we used to talk a lot about the mountain top effect, which is kind of that seminar feeling of, we're all going out, we're all going to do this stuff. And over time, right, stuff falls off,

and that motivation is really temporary if you don't have systems and practices that keep you rooted regardless of your emotional relationship to your work. So that's awesome. We've leaned into our faith as a family strong the past two and a half, two and a half, three years. And my boys came back from Christian summer camp with our local church this summer. And the momentum that has been created in them from that just feel. It's crazy, right?

Marshmallow, bro. Other people's opinions of me and none of my business. If you're listening to me right now, and if you're listening and you can't see me, I'm on the process of bowling my eyes out because the grace of God is in me and in my children. And I'm also blessed with it being able to give them a different message around living life large and then being able to pass it on and pass it forward. So the context in here is, alone, I'm vulnerable, right? I've been praying recently to God put the right people in my life.

let me stop looking for deals and start finding people because it's always relationship driven no matter what it is we're doing so i appreciate you sharing that dude of course yeah it's a beautiful thing it's good and uh you'd mention team building and i'd love to hear a little bit more about how you approach team building especially in your early time when you were doing single family stuff like how did you know you needed one from the seminar and you started then did you learn some lessons to hold them in like how did that look well the seminar industry would give you a a somewhat vague blueprint to be frank you know go go build your power team okay who's that and it was always the coach was number one or your mentor which is true but why was that always number one because

i'd have to pay for it that would be that'll be another investment and i'm okay with that as long as they are practicing what they preach uh you know they're implementing the systems so you know that that team building is absolutely following somebody who's been where you want to be. You know, they become incredibly valuable to you because they're there for emotional support, business support, system support. So the mentor and then your legal team, your accountant, your attorney, they're obviously critical. In Massachusetts, we're what you call a legal state with real estate, meaning that we can't

just use a title company. You know, we've got to go to an attorney in the attorney. attorneys will transact for you. And when you're new, I mean, that's some serious fear factor right there. And one of the other things, one of the best tips I got and I share all the time is, you want to be able to surround yourself with entrepreneurs, not entrepreneurs. An entrepreneur, I'll give you a perfect example. And you've met them in life.

We all have love them. Don't hurt them. Just love on them and then let them go. Is the person who wants to ask you a question? so that they can tell you the answer. So much ego in the industry, right? You've got these big dudes who have been digging ditches one way for 30 years. They know everything.

And you come in there as a youngster or a beginner in this industry. You better be educated, man. You better have a platform that you feel solid on, right? Your faith, your business, your education, your family, you know, going on to Mary Beth. and she's like, oh, and I like, yeah, it's on my face. So building a team of like-minded individuals, people who understand the vision and the goal. And the hardest part is, is when you get to that position of actually hiring people in, if you're bringing in a real company, you know, hire slow and fire fast.

And understand, again, not a moral issue. This is business. I've got investors who are relying upon this. company. I've got financiers who are relying upon this company. I've got business partners. And if there is something that's, you know, cancerous pulling down the team, you get as many chances as you get. And then, you know, you're going to move on. So, yeah, those are some of the things that are important in team building for us. One thing I, when I hear folks talk about building a team in real estate, a lot of times they, they just say those three words, build a team.

And I think you've done a really good job here, not only clarifying who those people are and the kinds credentials actually need on your, you know, on your phone, right, to call. Yeah. Yeah. Yeah. But, but also what to look for in them. And yeah. I wonder if, is there a story that comes to mind about a, a realtor, lawyer, an accountant that you'd had, that you ended up moving away from, because they, they were entrepreneurs, maybe, or they were a drain, right? Do you have a story like that? Look, you know, I, let's go to, let's go to distressed assets. Okay. Okay. Yeah. There was a massive amount of REOs, obviously, that came into the marketplace during the crash.

And it- Our audience, what is an REO? Real estate owned, bank-owned property. So during the financial crash, the subprime lending, the adjustable rate mortgages, if you had a pulse, you could get a loan. You know, it was a really egregious time for realtors and mortgage brokers to just, massively suck as much money out of the market as they could. The rules were in place. Try and not make it moral, David. I try. But the rules were in place that people could operate

without consideration of the end use of the investors. So what was interesting was, is going into that period of time, you know, I'd be looking at houses that had all the The hardwood floors were buckled because the house had been abandoned. There was pigeon poop all over the place. There was crack pipes in the corner. There's fecal, treacle, dribbling down the walls. I mean, think of the nastiest environments. And those are the things that got me excited, right?

I mean, mold is gold. Lead paint. Love it. Bring it on. Because I know I'm going to get massive discount. But it was incredibly challenging to go in with the, you know, the 45 to 6. to 60-year-old female realtor in the high hill shoes and the Mercedes-Benz, perfectly done face and hair,

and walking in and start telling me about Harvard floors and do this with the kitchen and that with the kitchen and blah, blah, blah, blah. And then I'd give them an offer based on what the market is telling me, and you would think I'd just insulted her, all the generations before her, all the generations afterwards, because they were clueless. They were the breakage in the in the processes because she said to me one time, REO, what's an REO? Is that a real estate office?

I'm like, no, no, ma'am, it's REO, real estate owned. This is a bank owned asset. Oh, I don't know. I just got it as a listing from one of my other girls in the office. You know, I don't know what it is. Like those kinds of relationships, you're not going to row together, man. Yeah. You can build massive loyalty in any team member if you understand and listen hard as to what it is that makes them tick, right?

What are their goals? You know, most people would just say, hey, give them more money. No, that's really not it. I'll give an example. Every house, I'll go back to the house flipping days because it's, if it's, every house I ever flipped, you know, I would always put the material. on one of my Amex cards. So if I'm banging out 50, 60, 100 grand on an Amex card, that gives you some real nice points and benefits on the back end of your card.

So at the end of every job, I'd find one or two of my guys that were doing the work. And there was one guy in particular, his name was Al, a super dude, came right out of college into a construction crew that I worked with. And I'd look at it and I go, Al, if you closed your eyes and you opened them, and there was a brand new tool in front of you, what would it be, brother? He'd go, oh, dude, if I could get a, you know, a new 12-inch chops or Milwaukee on a sliding with the stand,

oh, man, I'd crush it, right? I'd go, oh, that's cool. The next day, there'd be one waiting for it. You know what I mean? There'd be one waiting for it. That dude never forgot that. It cost me next to nothing because I bought it in points. I need a new screw gun or, you know, I need a, my saws all shit the bed, whatever, you know, whatever it was.

Get, get the, let the guys know that they loved. Yeah. Don't ever, don't ever forget, you know, that on the way up and on the way down, you meet everybody, man, always. I bought more favors by pulling up to the job site with a half a dozen cheese pizzas and a couple of two liter bottles of Coke than I did on anything else, anything else. So what I heard there, and two really interesting pieces that I'll bounce back is first, you've got to get folks on your team. Because obviously these folks are also related to the real estate market. If they're not aware of the market and what it's actually doing, especially if they put their self ahead of that understanding, that's going to be a really challenging person to work with, especially if you want to be agile and take advantage of the market as it is. Yeah.

Yeah. What I do you referenced earlier is this idea of depositing into others accounts. quickly and relatively often, especially if they're doing good stuff that the pizza, the Milwaukee saw, right? Yeah, yeah. Lots of that kind of stuff as well. I want to ask too, like, because I, you know, you talked a little bit about flips and the contractors you've worked with. When did you start doing buy and hold stuff? I would assume most people would like to work towards passivity, right?

Passive income. Right. From an investor standpoint. If you buy a house, flip a house, sell a house, it's still a job. If you don't do it, you don't get paid. So as my own debt and my own life changed, the radar then starts to go up and say, okay, well, what else is out there in the real estate marketplace? So within, I would say, a couple of years of flipping houses, you know, we land the TV

show flipping Boston, there's more exposure. Then you start to buy and hold, right? And I bought and hold properties in the market that I knew best, which was the city I served as a firefighter. And it was, it was tough. I mean, this wasn't Beverly Hills, you know, this wasn't Connecticut. This wasn't Greenwich. It wasn't, you know, the nicer parts of L.A. This was, this was the hood. But it was my hood and I understand it. So I knew how to work tenants. I knew how to not be scared of a tenant profile. So I started a few there. Then I bought a six flat in the south side of Chicago through

another investor. Like I've got scars, right? Those scars are good for my investors later on. So we held some stuff there. And then really for my own personal portfolio, I picked up maybe 60 to 100 at any one time doors in Maine. And the market in Maine that we were in again was a tougher market, but I had a business partner who lived in that market who had massive property management skill sets. So what we did was, was I would get the loans off of my tax returns. We buy the asset cash and then refinance, sorry, we buy the asset cash and then refinance into a bank loan, as long as it cash flowed afterwards. And that worked really well. And we exited out of that portfolio

probably, what are we in 25 now. So we probably got out of there just before COVID. And it was an infinite return because at the end of the day, we didn't use any of our own money because we cashed it out as quick as we could. If you buy them right, you can do 100% bank financing on the back end because it's a refinance. You don't have to leave any of your own money in there. So, you know, we fine-tuned that quite nicely, exit out of there.

And then, you know, during COVID, everybody kind of sat still for a while. And then we, we built the fund and started moving in the direction that we're in today. So it's always, it's always ongoing. I got a call this morning. Hey, Dave, I can buy a three-decker in East Boston. Three-decker is a three-family. Okay. A three-unit property in East Boston for a million bucks.

You know, I do a market analysis quickly. And these things don't get my blood, my blood flow, right? My heart rate doesn't go up because it's, I've done it so many. many times. I go in there, you know, it's got a true market value of around 1.4, 1.5. I then run it as a condo conversion for three condos. And if I run them as three condos, I probably got a 40% return profile sitting in front of me because I can sell each of those condos for $750,800, drop $200 into each one. So now I'm into 1.6, right? And I've got a 2.4 exit number. I think we'll probably do that deal. You know what I mean? Yeah. Yeah. We might do that one.

Could you talk a little bit about your challenges around tenant management? You referenced them a couple times, right? As like being a good tenant, what does that mean? Yeah. Landlord relating to tenants. Could you talk a little bit about how you've approached that in the past and lessons? Yeah. Look, the big picture is, is the tenant is the most valuable piece of your business.

People forget that. People forget that. My mentor said to me, he said, your tenant is the person who gets up every day and goes to work. They go trade their time for somebody else's money. They then come back and they give you a large portion of the money that they have earned. And in return, they are paying down your mortgage. They are paying down your expenses on the asset. They're allowing you to build equity over time.

And they are the ones that have the most potential to create financial independence for you. Now, how are you treating that? How are you treating them? are they the top of the priority? And when you think of it that way, you better, you better be there in every capacity you can to serve them as well as you can. Right.

We're in the people business. It just happens to be the sticks and bricks of the, you know, the mechanism that we use to serve those people. So finding, as your business grows, you know, maybe 10 units and above,

you're probably going to want to put a property management company in there. And do your research. I want referrals. I want referrals from tenants that they've managed. I want referrals from other investors that they've managed their portfolio. I want to see their systems. I don't have to understand it all, but I want to see it. I want to see what their maintenance systems are.

I want to see what their lease up systems look like. I want my attorney to talk to their attorney to talk about the lease structure. Are these leases bulletproof? Am I in a tenant-friendly state or I'm in a landlord-friendly state? Do they understand the difference? Are they a national property management company? So there are a lot of checklists that need to be created through experience to be able to get good property management in place. And if you choose to do it yourself, I refer again to one of the best mentors I ever had around me,

gentlemen by the name of Tham Merrill. And Tham Merrill said one time, he said, if you do anything more than once in your business, business, you document that and create a system around it. You don't go back and keep on doing it without, because now if I document the things that I've done more than once identically in my business, I now begin to create an SOP, a standard operating procedure so that I can remove myself from the business and put somebody else in that position. I call up John and say, John, you're a property manager. Here's our SOPs for property managing our assets. This is how we do it. I want you to follow this and if you think you can improve upon that, I'd love to hear how you can do that,

right? But now I've got documentation to support it. But the tenant is always number one. You know, if you're in Hispanic communities, if you've got a big Hispanic tenant base, make sure there's a lot of outdoor facilities for them. They love to cook out, they're family-oriented, their community-oriented, you know, in other parts of the country, I know, Minneapolis where it's cold. don't care if there's a grill outside. You know what I mean? They just want to make sure that TV cable's got really good Wi-Fi.

Whatever. I'm just, you know, I'm being kind of flit. But you get the idea, right? Totally. You understand your tenant base and then serve them well. Yeah. That's terrific. I really appreciate you going into that.

Okay, so Legacy Alliance, the latest chapter in the career. Yeah, yeah. Tell us about it. Like, what is the kind of work you do there? Yeah, so legacy. Yeah, Legacy. is an affiliation with a guy that I genuinely love. His name is D.C. Fawcett.

I met D.C. Fawcett in the seminar industry because as a good student, I then became a good educator and they put me on stages and, you know, I went forward from there. So, you know, my five people that I hung around with changed dramatically. D.C. Fawcett started as a house flipper. And then what D.C. Fawc. did was he loved,

he's that introvert personality, highly intelligent. He loved being on the backside of the computer. And he became one of the best, I believe, internet marketers in the country. So an internet marketer, there's affiliate marketing, there's direct marketing, direct sales marketing. There's so many different avenues in there. And I met D.C. at an event, we got to catch up a couple of years back. And we were talking about marketing.

And I said to D.C., I said, dude, I've been burned so many times in my career with marketing companies who promise X, Y, Z, right? I'll get you in the first five places with search engine optimization when somebody Googles X, Y, and Z. It doesn't work, man. It doesn't work. And an online reputation build takes time. So I said to D.C., I said, how about this?

How about we both own a piece of each other's business? Let's create an informational business, an education business. I don't want it to be cheesy. I don't want it to be, you know, run to the back of the business. the room with your credit card and spend $1,000 on BS in a box. I'm not interested in that. I said, I want to build out a really strong education platform that teaches people, property management, underwriting for multifamily assets, how to get into the multifamily marketplace, various acquisition techniques, finance techniques. Let's get these folks going and build

something out. Yes, there's an investment for that. It's a lot less than the 27, thousand dollars I invested you know 15 years ago I'm glad to say but we can now deliver that quality of an education platform to anybody who's interested in learning the business what we also find is is that some people depending on where they are in their life in their cycle whatever you know season they're in some people learn it and then they go I don't want to do that where you invest my capital instead so they become investors with us some people say I I want to learn it. I'm not confident in access the capital.

And we will then say to them, well, look, let me see those deals. If those deals make sense, if they're underwritten, if you followed that format, we may very well go to our capital partners and we'll partner with you on these deals if they make sense. And we'll capitalize them. So there's a couple of avenues that these people can monetize within the education platform of legacy alliance. So that's where we're at. It's kind of like a Trojan horse to get to invest the capital. But at the same time, if it's built off of fundamentals, it's built with great intent, you know, you're never going to see me standing in front of somebody else's private jet, you know, getting out of a Rolls Royce going money.

No, that's not it, man. I don't have a tattooed head. I don't have a bunch of ladies in bikinis behind me. You know, I'm happy with the one lady that one who saved my life. And, you know, things are good. So that's, that's legacy alliance in a nutshell. There's a lot of free content. And then for the right people who want to invest a couple of bucks,

we'll bring them on board and, you know, one on one with them, work with them. We'll do a three-day class with them. And we'll get them up and running so that they have confidence in this business and what it can do for them. That's terrific. That's awesome. So it's almost an education platform for sure, but also this network, right? For sure. For clarity, funding in some cases, sounds like.

And then also potentially a new way to put some capital in the market if you happen to capitalize with it. Yeah, yeah. It's kind of interesting because when you dive deep into it, we have a piece that we put together. It's called inflation nation. and it's basically a breakdown of finance right now. It's a documentary that we filmed down in Florida, and obviously we talk a lot about compensating for the lack of control that the market gives us.

You know, everybody has been sold the 401K dream, right? It's the number one retirement vehicle in the United States of America. It's also the number one by choice, I believe, with intent, I believe. It's also the number one misunderstood retirement plan in the country because, you know, a huge majority, if not 90% plus have no idea what they're invested in. They have no idea what a compounding cost does to an investment portfolio. You know, they sit there.

They look at the quarterly balance or the monthly balance on their on their retirement accounts. And they go, oh, we did good, Martha. that we, you know, we got 7.5% this year or whatever the case may be. And yet that 7.5% does not correlate financially to 7.5% of their portfolio. And what that basically means is, is the fee structure inside is just a road in compounding returns, which if that fee is removed, would dramatically change, change the, the, the, the, the, the, the, the, the, the, the, the, the, the, the, I wished I wished I had, the financial marketing budget of Charles Schwab, Fidelity investments, right?

I wish I had, right? Can you imagine how good life could be if we were able to do that? And I don't want to go too deep, but it's like, you know, how dumb are you? Well, all I have to do is follow the green line of fidelity and everything will be fine. Don't ask any questions, just follow that green line.

Oh, kids are going to college? All right, we're going to go over here and follow this green line. It's like, come on, man. If you don't understand the subliminal messages inside of that stuff, that's on you, not on me. But, you know, Legacy Alliance is designed to rattle some norms, ask some questions that maybe most people don't ask. And if they find answers inside of the information that we give them, well, it's no good just rocking somebody's world and not giving them resolution to an issue. That's just not fair. Pain, pain, pain, pain, pain, pain, pain, pain, pain.

All right, I'm in pain. Now what? Well, this is what, you know, because if you ask, if you ask high net worth individuals how their 401k accounts are going, they're going to laugh at you. They don't know what you're talking about, right? They're not in 401k's. So, you know, we spend a little time in there, and it's painful for some people to take a look at that. But, you know, that's when motivation turns into application and discipline, right? I'm motivated to learn some different things, but once you are aware, you cannot be unaware.

So let's teach you and now help you afterwards. So that's what Legacy Alliance is doing. We're picking at a few scabs. Terrific. Yeah, we'll put the links in the description of the video. So check it out, everybody. Yeah, beautiful. Awesome.

Dave, thank you so much for coming on. I appreciate you spending even a little extra time here. Yeah, no worries, man. That was good. I love the conversation that goes long and feels short, right? because I know I've found my people, yo. That's my parents. That's great.

So it's good. Yeah, thank you. Super appreciative. I hope you have a great rest of your day. TurboTenant is the all-in-one platform for landlords to manage their rental properties. From vacancy to tenancy, we have you covered with industry-leading tools and expert advice. Landlord better from anywhere for free at turbotenant.com.