House of Wolves - A Power Couple's Playbook

Navigating High-Stakes Decisions: Balancing Emotions and Logic!

November 27, 2023 Randy & Mary Vasquez Episode 13
House of Wolves - A Power Couple's Playbook
Navigating High-Stakes Decisions: Balancing Emotions and Logic!
Show Notes Transcript Chapter Markers

Ever grappled with a high-stakes decision and wondered how to strike the right balance between heart and head? Well, that's the whirlwind we, Randy and Mary, find ourselves in as we explore property investment opportunities in the Dominican Republic. We dive into the sea of emotions and logic, sharing our philosophy of distinguishing between merely liking something and genuinely loving it. We’ll also unpack how we align our choices with our broader vision and goals, providing insights into the dynamics of decision-making and the power of compromise.

But, what's a decision without a vibrant conversation and thorough research? We navigate this element of decision-making, underlining the importance of open dialogue, patience, and the readiness to change course if needed. We delve into the art of balancing emotions with logic, taking time for contemplation and research, and the critical role of effective communication in making sound choices. Whether you're wrestling with a significant decision or simply curious about the process, this episode promises to equip you with practical insights and techniques. We invite you on this exciting journey that is sure to leave you with food for thought.

Want to join in the conversation? Subscribe to The Broke Millionaire Youtube channel or follow Randy and Mary on Instagram. You can also check out their luxury & exotic vehicle rental service at howmotorsluxe.com, and elevate your side-hustle education at The Broke Millionaire Academy.

To watch our episodes please subscribe to The Broke Millionaire Youtube channel: https://www.youtube.com/watch?v=zvci4bqKjDE&list=PLh_N9FtZhe5qF453HxF7SbrKqLg1D2PBT

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Speaker 1:

Kind of like this is really true, like we have to agree on everything. I Was raised by the wolves. Hi everybody, welcome back to another episode of the house of wolves podcast. We find ourselves yet again at another location. This time we are at Punta Cana Golf. And what is it called? Golf and resort, resort and golf what?

Speaker 2:

club club.

Speaker 1:

Okay, really nice place, very exclusive beautiful.

Speaker 2:

I can't, I was beautiful honestly paradise.

Speaker 1:

So we're here having a good time and we are here in the Minnecombe Republic and working on a whole different journey. I want I call it international house hunters. Yeah, the broken we don't ever version. And we have been Driving around looking at different properties, different municipalities, identifying what could potentially be our next move, and we are actually in quite a dilemma right now, through some conversations that we've been having, in Some choices that we have to make yeah, if any right yeah some moves, but anyway, we're quite conflicted and we thought that it would be a good idea to have a episode about how Randy and I reached consensus, because this is Kind of like this is really true, like we we have to agree on everything. Well, we know we agreed to disagree, but at the end of the day, we have to either compromise or fold right right to Carry on. Yeah, I did a great intro by the way that was awesome. That's a whole podcast amazing, and you're right.

Speaker 2:

So I think that, off the cuff, just sitting down and doing a quick one, this was really cool. So we try to do our best on it. But I think we're gonna Just go in and talk about, like you said, how do we reach consensus and inconsens consens. Is it making some of these decisions of what we want? And I think a lot of it comes from us being able to look at the pros and cons, really having that open dialogue on what we like, what we don't like, and then Flipping it and talking about the financial pieces, on if it could work and if it can't work and how we can make it work. And then, ultimately, how does that fit into our overall bigger picture of what our our vision is and what our goals are and what we're trying to accomplish? And I think that that's usually, you know, spoiler alert. That's usually the what breaks that tie, if you know, mary's thinking about one thing and I'm thinking about another is Getting back to is this gonna get us to what we're trying to accomplish in five years, or a vision, or whatever that is? Does this align with the goals that we want?

Speaker 1:

Yeah, in this case, the decision that we have to make align with none.

Speaker 2:

It does. It does align with many, because we've always talked about investing. We've always talked about having property and a diverse portfolio internationally. We've talked about I mean, we have a property in Dominican Republic already, but we've talked about having a property in Europe somewhere else. So it's all part of the plan. It's just a little bit faster than what we thought, a little bit different. We didn't think we were going to try to invest this quick. We didn't think that we were going to try to make things work this quick. So it's just a little bit faster.

Speaker 1:

Yeah, and like we're right now in a situation where we want to think it's impulsive but at the same time it's like, well, it kind of does make sense because it's something that we've been planning for and, like Randy said, it's just an opportunity that has presented. And right now we're like we have to do our due diligence and really audit where we are to really know if we can absorb something at this timeline that aligns and that we can make work.

Speaker 2:

Yeah, and then it's about. I think the conflicting part is that there's so many personal items that are involved with this where it's like, wow, this is a dream, this is, like you said, paradise, this is what I would love to have. Oh my god, has my view changed on what I want to do and where I want to live and where I want to invest and where I want to put my dollars. Oh crap, let's think about that. So you're mixing the personal, emotional side of it with the business and you and I think, shot fired right here real quick, but I think you're more emotional than I am. You think about those personal things 100%.

Speaker 1:

Everybody that watches this podcast that kind of knows me, knows, and I'm very emotional.

Speaker 2:

Yeah, so it. You know, you make those emotional decisions and well, I try to convince you otherwise and sometimes I go too far down the logical, business sense side of it. And I think that that is where we usually conflict, because I'm like no, mary, because this is not the right thing for us to do, because the numbers don't work or that. And then I try to compromise and say, okay, well, how can we make it work so that I think the personal side, emotions, the business side, it all works wrapped up into one, and then so that we can still have that fine balance between both of it.

Speaker 1:

Yeah, and one of the things that contribute to that is the fact that we have a philosophy about do you love something or do you just like it. Yeah and honestly, that is probably like if we had a breakdown or like a formula on how we reach consensus on really big decisions. This is not about where we're gonna go eat today or do you want eggs or an omelet that morning. This is about the bigger picture of decisions that we have to take. Is that make it's? Is this something that you you like because it was just presented to you, or if this is something that you absolutely love and you can't necessarily like, not live without, but something that is really going to be close to your heart and something that you're willing to really work hard for and really appreciate once you get there, a lot of times you can tell the difference from that is that I like those mom jeans because they're trending right now and I like the way they look. I know you don't. That's why it's a great example. I like them but they're not an eternal. You know long-term classic choice that these mom jeans will be trending for the next 50 years? They will not. They'll be done. Maybe they'll try not getting another 20 right, because that's an 80s thing. But with our decision on liking versus loving is like is this investment something that we want to do right now because we just want that, or is this something that we absolutely love and can be part of our hours, our family, our brand, whatever with long-term goals like right or die?

Speaker 2:

and I put that into the same context of like when people say, I think you just hit on it, is this a one or is this a knee right? And then if it's a want, then you shouldn't buy it. I think for us, we, you can equate it to the same thing do you like it or do you love it right? And if you love it right, then to us is, if you love it, then you need it right. If you love it, you have to have it, you need it, and that might sound crazy, but in reality that's, you know, what we're living for and that's what we're working for is for us to be able to have a life and have memories and have so if it's something like I love this, I'm passionate about it, this is something that I just need to have because it's a necessity for me. Whether, however, you define that, then I guess that's the part of it where you and I make that decision. Okay, hey, we always ask that question do you love it or do you like it?

Speaker 1:

Yeah, and that's where we are right now, because we're just really trying to navigate this.

Speaker 2:

This mask that we got in ourselves in too, so let's talk about that a little bit. So we got ourselves into not a mask yet, but we came down here to visit our property, right, and to stay in it and do a couple of things and then, as always, no matter where we go, we're always looking for opportunities, we're looking for investments, and we started to look around. We met some people and ultimately, they introduced us to the right location. They were like look, you need to take a look at this place, it's amazing. And we did. And we're here today and we're like, oh my God, okay, well, this wasn't exactly in the plans, but this is a good example of how you pivot, how you move, how you shake, and you say, okay, well, wow, this opportunity just came up. It's not in our goals and we've done that episode. It's not in our goals that we said we were gonna invest today, like you said before. But will it fit? Because you're not always taking a straight line. You always have to figure out would this opportunity actually be better than the next opportunity or the one that I thought? I had in mind that I just find the gem, that I just find gold, and that's sort of how we've landed today, where we're like, oh my God, did we just find a good opportunity? Oh shit, how are we gonna make this work? And then it gets into the personal, emotional side, because you have a place like this, that is just beautiful. It's amazing that you're just like, oh shit, now I really like it myself, I really love it myself. I have to have it. It wasn't in the plans. How do I make this shit work? And then that's when that conversation and consensus comes in between you and I and trying to figure out if it's the right decision for us and if we can fit it into plans and if it works.

Speaker 1:

Yeah, you know, and for me, like Randy says, I'm a little bit more emotional. I'm usually very rational, but sometimes my emotions take over the logic and if you hear the back, there's like kids splashing in the pool. Earlier there were like some other activities for the children where the other property that we were looking at they don't really have that. So I'm leaning towards oh, the girl, the dog, when sometimes I can be blindsided by lifestyle, rather than making the right decisions, let's say for our return on investment, which it's not always the way to go, because it's not always about money, right, sometimes you have to make an investment for peace of mind and just for pure happiness.

Speaker 2:

Right.

Speaker 1:

I'll leave it at that.

Speaker 2:

I like it okay. So how are we coming down to this decision?

Speaker 1:

what's the that's another episode. I'm not ready to make a choice yet, but we're still working through it, guys. We just wanted to kind of like show you the process and this is like a real conversation, Yep.

Speaker 2:

There's gonna be pros and cons. There's gonna be conversations that we'll have to take away, conversations that we'll have to say, okay, well, we're gonna go away. You know, hey, here's what I think, here's what you think. All right, well, here's the rational, logical stuff on it. Okay, pros, cons. You know arguments, discussion points, research. We need to do, and we go away. We do that research, we think about it more, we sit on it for a little bit not too long, right, because you always give us an opportunity but we sit on it a little bit more. We come back to table. Hey, I was actually thinking about what you said, and now I've actually come up with this idea what do you think of this? And we again have that conversation so that we can get to a point where we say, okay, well, okay, let's look at what have you thought through. You have good rationale, you have good logic on it. All right, hey, you were being emotional before. So now can we get to the point where we make a decision that works. Hey, I have this idea. This is my recommendation. Will that work for you? Yes or no? No, okay, well, tell me why not. Yes, okay, great, now here's how we can get this done. So I think we'll eventually come back to the table with a decision. But it takes a lot of conversation, a lot of research, a lot of planning before we get to that decision. But ultimately we end up making the right one. And if it's one that we're like, oh shit, it was terrible, then we'll course correct, we'll pivot and we'll figure it out again. So with that this quick, short, dirty, but just telling you what's on our mind and what's going on at the moment and decisions are always hard but as long as you have that conversation and communication, I think you'll find the right balance and you'll get to the good point.

Speaker 1:

Comment like, subscribe and share bye.

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