S6E32 – Laurie Kibby

About Laurie:

The conversation delves into the often-overlooked nuances of fix and flips, such as unexpected costs, market downturns, and the crucial difference in taxation between income from flipping and long-term capital gains from investing. Lauri stresses the importance of financial literacy and understanding the components of real estate investing, including analyzing returns and conducting proper due diligence. Drawing from her own experience of losing a significant amount of money due to a poorly vetted investment, Kibby became passionate about educating women to avoid similar pitfalls. She underscores the necessity of thorough due diligence, critical thinking combined with intuition, understanding personal risk tolerance, and aligning values with those managing investments to build lasting wealth and a meaningful legacy, especially in light of the significant wealth transfer expected to women.