190 - Embracing the empty nest phase

02/02/25 • 47 min

Summary:

• Connection is the most important key to living a happy, long life - having a network of close friends and family to share experiences with is crucial.
• The empty nest phase of life, when children move out, can be a challenging but also exciting transition - there is a sense of loss but also newfound freedom and opportunity to rediscover yourself.
• It's important to maintain an open mindset during this phase and not become selfish or lose your sense of purpose - find new hobbies, volunteer, and stay engaged with your community.
• Embrace the journey of life's different phases and don't be afraid of the changes - plan ahead, ask for help from others who have gone through it, and focus on your personal vision and values.
• Rediscover your passions and interests that may have been put on the back burner while raising a family - reconnect with old friends and make new ones who share your interests.
• Stay connected with your adult children in the ways that work best for them, whether that's texting, video calls, or occasional visits and outings together.
• Overall, the empty nest phase is an opportunity for growth, new experiences, and strengthening meaningful connections - approach it with an open and positive mindset.

On this podcast you will receive actionable tips on Building a Firm Foundation for Life in Fitness, Food, Finance
I believe in building a firm foundation for life through functional fitness, farm-fresh nutrition, and sound financial practices. Join us in creating a healthy and resilient future!
We are happy, humble, helpful people that want to be healthy and fit now, as well as in their 90's. I talk about how to live that good life now and later with heavy slant towards fitness and nutrition. I will even get into mindset, goals, raising chickens, raising kids, bitcoin, rental property, entrepreneurialism
CrossFit Garage (Woodstock GA)
https://crossfitgarage.com/get-started/
Garage Fitness Online - Landing page
https://www.garagefitness.online/
As a podcast
https://crossfitgarage.buzzsprout.com
YouTube channel with other visually videos (long and shorts)
https://www.youtube.com/@AndyMcCann42
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Summary:

Previous Episode

189 - 1031 exchange rental property

https://ade1031.com/
Woodstock - Shahla MacDonald
www.soldbyshahla.com
Athens - Lauren Denmark
https://www.broadandmainrealestate.com/agent-profile/lauren-denmark-123588773
North GA - Glen Gruschow
www.homeswithglenn.com
Summary:

1031 Exchange Overview: The host explains the 1031 exchange, which is a tax code that allows the proceeds from the sale of a property to be reinvested into a new "like-kind" property without incurring capital gains taxes. This allows the host to avoid paying $80,000 in taxes on the $650,000 from the sale of his previous property.
Selling Previous Property and Identifying New Investments: The host sold a large 5,000+ square foot house in the Woodlands for $700,000, netting $645,000 after fees. He then worked with a 1031 exchange company and a real estate agent in Athens to identify three condominium units totaling around 6,000 square feet as the replacement properties. This allowed him to downsize from the large house while increasing his monthly rental income.
Importance of Rental Property Location and Management: The host emphasizes the importance of being able to easily manage and maintain rental properties, preferring to own properties within a 30-minute drive. He also discusses the pros and cons of using a property management company versus self-managing, based on the number of units owned.
Advice on Building Wealth Through Real Estate: The host advises getting a high-earning degree, living below your means, and slowly building a portfolio of paid-off rental properties. He advocates against excessive debt leverage, instead favoring a more conservative approach to real estate investing.
Personal Fitness and Health: The host notes that he and his family do not take any medications or have chronic health issues, which he attributes to their active lifestyle and healthy diet. He promotes the benefits of maintaining physical fitness.
Additional Real Estate Resources: The host provides contact information for several real estate agents he has worked with in the Woodstock, Atlanta, and Athens areas, and offers to provide further guidance to listeners interested in real estate investing.

Next Episode

191 - The Intermural OPEN, Hyrox, Deka and more

Summary:

• The CrossFit Open is a 3-week competition where participants complete various CrossFit workouts and submit their scores. The Garage Fitness Intramural Open is a similar competition held at the gym, where participants are divided into teams and earn points for participation and performance.
• To participate in the Intramural Open, members can sign up and pay a $40 fee, which includes a team t-shirt. Those who don't pay can still participate for free.
• Participants can earn points in multiple ways: 2 points for completing the workouts, 10/7/5 points for 1st/2nd/3rd place finishes, 1 point for wearing a CrossFit shirt, 1 point for social media check-ins, 3 points for registering for the CrossFit Open, 3 points for becoming a certified judge, 1 point for PRs or new skills, 1 point for online reviews, and 1 point for buying supplements.
• The Intramural Open will take place over 3 Saturdays in March, with the workouts released the prior Wednesdays. There will also be Friday evening opportunities to complete the workouts.
• The podcast host also discusses plans to potentially offer Hyrox and Deka Fit training at the gym in the future, as additional fitness competition opportunities for members.