239: Recession-Proof Wealth with Alternative Investments
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Patrick Grimes, CEO of Passive Investing Mastery and internationally bestselling author, shares how accredited investors can diversify like the ultra-wealthy. In this episode, Patrick explains why litigation funding, rare earth metals, and other alternative investments can protect your wealth, create passive income, and thrive during any economic cycle.
In this episode, we chat about…
Patrick’s shift from robotics engineering to building wealth through real estate and alternative assets
Why litigation finance is a powerful, non-correlated investment strategy
How accredited investors can access opportunities usually reserved for hedge funds and institutions
The role of AI and automation in scaling real estate and investment operations
Lessons from losing everything in 2009 and why proper diversification matters more than chasing returns
The future of alternative investing: rare earth metals, strategic commodities, and commercial acquisitions
Key Takeaways:
Don’t wait for a downturn, true security comes from diversified, recession-resilient assets.
Non-correlated investments (like litigation finance or healthcare-related industries) provide stability beyond real estate and stocks.
Tax efficiency is important, but it shouldn’t drive your entire portfolio strategy.
AI is transforming operations in property management and deal sourcing, freeing time for higher-value decisions.
Scaling requires partnering and outsourcing, trying to do it all yourself limits growth.
The wealthy build portfolios with balanced allocations, not by betting everything on one asset class.
Resources from Patrick
LinkedIn | Website | Get Patrick’s bestselling book (free copy for listeners)
The Alternative Investment Almanac by Denis Shapiro | The 4-Hour Workweek by Tim Ferriss
Resources from Mike and Nichole
+ Read the transcript
Mike: Hey everybody. Welcome back to another episode of The Richer Geek Podcast. Today we have Patrick Grimes. He's the founder, CEO of Passive Investing Mastery, an internationally bestselling author and a Forbes Council contributor. He's a serial entrepreneur specializing in alternative investments. Sound familiar? We love alternative investments as portfolios. Diversified across energy litigation finance, which is interesting. Commercial lending acquisitions including retail, industrial, and thousands of apartment units. He's developed a range of diversified passive investments focused on growth and cash flow. Including Diversified Litigation Portfolio, Acquisitions Fund, Income Fund, all designed to thrive during economic downturns. We may or may not be going into one, so we will, it'll be nice to get to know his thoughts on that. Based in Honolulu, he's dedicated to educating investors on achieving financial independence through mastery and passive alternative investing. How you doing Patrick?
Patrick: I'm well, yeah, you read the whole bio there. We gotta abbreviate that a little bit.
Mike: Well, it, it was all fascinating, so I wanted to make sure that people knew what you do and how you do it. But backtrack a little bit, how did you get involved in passive investing?
Patrick: Probably like many of your listeners, I was a high paid professional slave and away from the JOB I was a machine design automation robotics engineer. And it was around that time when I graduated college, a couple years in, I was talking to the owner, "Hey, where did you invest? You know, where, how did you make your money?" And I was thinking he was gonna tell me, this startup, this gizmo, this gadget, we got the insider track. He would say, "Yeah, I made all my money in high tech, but I spent it. I invested in real estate and he asked me to do the same, and his only regret was not doing more sooner. So that's really what got me on the track, into alternatives, and it was really about diversifying out of high tech, right? Knowing that I'm maxing out the 401(k), I've been stashing away cash into, you know, some savings accounts. What am I gonna do with it? And I was probably too eager too soon. Last a lot right off the bat, but found my way to non-correlated and diversification into non-correlated investments.
Mike: Yeah. I got started, I call it pg pre-Google Days, and it was easy to buy a lot, but then it's now what? You know, and you can't go through the yellow pages on how to be a landlord or how to evict people. So it's a learning process for a lot of us. So let's talk about some of the lesser known aspects of investment diversification that you get into. like litigation funding or some of the other types of funds. So what are you into now?
Patrick: Well, so you kind of pointed at a little bit ago, are we headed for a downturn? Well, 11 outta the last 14 fed ride hikes ended in a bust in the market, and right now you have that happening with the world's biggest economies, betting against the dollar, Interest rates and inflation have been somewhat stable. And now we're in a terror war. Holy shoot. There's a high probability that, you know, we're in unsettled or at least unpredictable times here. So been looking at a combination of recession resilience, kind of overlapping non-correlation, which means investments which don't have the same market fundamentals as yours, the rest of your portfolio. And it's not gonna rise and fall. It's not driven by dependence upon the same variables. For example, in the legal industry. The outcomes of cases don't have anything to do with what's going on in the stock market. Doesn't have anything to do with what's happening with oil and gas or gold or interest rates. It's called non-correlation, so investing funding attorneys that are pursuing cases and participating in those settlements, can be a completely non-correlated investment in the legal industry. It has just risen. It's been a steady tried and true growth industry. So we call that kind of the intersection of recession resilience and non-correlation. The more common ones people know about are the medical industry. People need healthcare and upturns and downturns. People need education and reskilling, upskilling and reskilling, upturns and downturns, CPA firms, plumbers, HVAC, all these kinds of things don't ride the same fundamental variables.
Mike: Yeah. So, you know, it's interesting that, a lot of us think, well, apartments, homes, you know, that type of real estate storage facilities, people don't think about, you know, the legal aspects. It's like you can actually invest in attorneys. I know that some people invest in outcomes. You know, or the bails and you know, all the bonds and all that sort of things, and they fund those. It's very interesting. How did you learn about the litigation side of investing?
Patrick: Well, so it was several years back actually that I was trading the baseball cards with some, just a couple buddies of mine on alternative investments. And that's pretty much how it is. We started a platform in my company where we introduced new alt assets every two weeks, but really there wasn't very, I don't, I still to this day, other than my platform, I don't know where else you go to get all the different kinds of alternatives out there to invest in. And so it was more just us getting together and, one of my buddies, Denis, who wrote the Alternative Investing Almanac, you know, he had litigation finance in there. I was like, "Wow, that's so fascinating." I had talked with him originally about getting involved in a deal and we were working on putting together some seed funding with a couple guys to give it a go. But it was tough. It was tough to access because the attorneys were really looking for bigger checks. They were looking for $5, $10, $20 million checks and litigation funding where third parties come and help fund the cost of lawsuits. It's been going in our country since 1910. It's a fairly well developed industry. It's just not very well known, and it tends to be gobbled up by larger institutions, hedge funds. So I learned about it then, but that didn't pan out. I was duking it out with a good investing friend of mine on some multifamily deals. Turns out I learned that he worked for private equity and did private credit, all kinds of finance, creative finance solutions, consumer debt as well as Amazon warehousing. And all of a sudden he said, "Merchant advances in litigation funding." And I was like, "Wow, that's, there we go. Let's talk about this. " You know, through dueling on a few different multifamily deals together, we had developed some respect for each other. I approached him when he started at a large equity firm, "Hey, let me, let me write you a check. Let me aggregate some capital." And he turned us down because we couldn't commit to a $20 million check. And I was like, "Dude, that's like, that's like the smallest chip you guys have at your table.
Mike: Wow.
Patrick: But years later, after us, you know, catching up here and there, he called me up and said, "Look, I left that company and now in California, moved back. I moved outta New York. Let's start a fund together. Let's do one for accredited investors, which has been my ask for a while." It's awkward and so it's been a really great ride. It's been a lot of fun and he's used to spending $20, $50, $100 million and collecting hundreds of millions and billions out of large. So he is in the flow and he has got a lot of deals, been deal flow. It's been really fun.
Mike: Wow. I mean that's amazing. You know, Ladies and gentlemen, you can do it, you just have to get with the right people and learn, and again, it's Patrick Grime's passiveinvestingmastery.com a lot of people sit there and say, "You know what? I make a lot of money. Can I use some of this stuff for tax efficiency, along with growth?" So talk to us about how that stuff works, tax efficiency. Everyone kind of knows with the depreciations and deductions and things like that. with some of the alternative stuff that you do, how can you maximize tax efficiency with what you do?
Patrick: If you look at any of our slide decks, we have these pie charts or bar graphs that talk about the allocations of the middle class, the high income, and the ultra wealthy. What you find is that, they're not over allocated in tax efficient investments, like 24%, maybe 25% in real estate. maybe 5%, 10% in commodities or oil and gas, but not the majority of their portfolio is not in tax advantaged investments. And why is that? That's because those tend to come with higher risks. And they're incentivized because the government needs to house, feed and energize America, but you don't necessarily wanna ride the majority of the portfolio there. So when you're looking at alternatives for things like litigation funding or the medical orCPA, firms like these are types of investments that don't provide these tax advantages, but that's okay. They provide a better, healthier, more risk adjusted portfolio because when you go to sleep at night, you know this sliver that you put in the legal industry, it's not gonna rise and fall with the rest of your portfolio. And that's important, right? The answer to your question is, even in litigation funding, there are some ways to turn the returns into capital gains instead of ordinary income, but there isn't, uh, specifically a way for you to turn the investments into losses, right? But we are right now in a fund where we've structured it as prepaid forwards, which allow for, uh, capital gains, which are sophisticated enough to play that game. They can use other capital losses to offset and make a win for them.
Mike: So, you know, a lot of people that I talk to, it's like, I'm gonna start buying and I'm gonna start doing when there's a downturn," 'cause that's downturn. 'cause that's when all the deals are right. What do you think about that? You know, don't wait for the downturn. Wait for the downturn both. What's your strategy?
Patrick: And I've talked to over a thousand investors right now, and those ones that are drinking the Kool-Aid in the stock market, they're on the ride, right? They're riding it up, "Oh, I, man, I'm just killing it. I'm doing so great. I can't pull out, I can't pull out." And then the next day they're like, "Oh, shoot, I can't pull out because I gotta, I, I have all these unrealized gains. I lost, quote, unquote, air quotes, lost money. Let me, as soon as it bounces back up, I'll invest. Oh, I just, man, I should really be doing these alternatives. at one point you gotta realize you've been sitting in Vegas, in a giant casino paid for by the chips that you're losing at the table, and you've just gotta take. Some of those chips off that table. And go somewhere else because there are actually much more sane places to invest and places that won't all be on the same rollercoaster if they're on a rollercoaster at all. Sure. It won't be as exciting. But the human condition, and you know, my sister is a developmental psychologist. Human condition is actually that. Humans get addicted to the loss, they actually get addicted to that loss feeling in a casino. And so it's very difficult to get them out before that. And it's difficult to get them out once they feel that they've had a loss. So I'm feeling that now, where right now it always makes sense, to be in a portfolio, which is with an allocation strategy, and I'm not making this up. This is how the family offices hedge funds private equity. This is how the wealthy build allocation strategy. It's not a conversation of what's tax advantage here, what's not, what if I should get outta the stock market or not. Here's the, you know, 10% or 5%, there's 20% there. If you look at our slide decks, we kind of break this up where each of these pillars of your wealth do not ride the same variables. It's not whether or not you like the stock market, it's about, that's an allocation. And you can ride that. But if that's the case, then you developed actual security that won't get swept away by any one tidal wave. And you're talking to a guy who doubled, tripled down snot, knows, engineer right outta college and lost it all in real estate during 2009 and Sure I was a gainfully applied engineer and I bounced back. I was battered and bruised, and ego was hit and it took me a while. but you just simply can't be over indexed in one asset class and at right now, or at any point you find yourself there. You just gotta take those chips off the table.
Mike: And we're looking at it also in our portfolio and I've been talking to my directors and it's like, should I be in hotels? You know, it's like, man, in case COVID 2.0 hits, it's not good. It is nice to diversify. So, you know, let's talk a little bit about tech. AI is the big thing. How are you using AI? A lot of us, it's a time saving thing or sometimes it's not. 'cause it seems like I argue with AI so much that it doesn't really save me time. So tell us about how you're using AI?
Patrick: Oh man, I mean, we probably wanna narrow it just a little bit. my techie background, just really, and I tend to be a processing, I have a master's in engineering and an MBA. There's a broad spectrum of ways that we use AIin the companies that I'm a part of or I'm running, more specifically in our underwriting, you know, there's AI now machine learning algorithms to aggregate data to help us come up with very creative buy boxes to help identify patterns and different kinds of distressed data to help find those types of investments which are better. Let's see, what's some really good examples? 'cause I mean, obviously AI is used in graphics and marketing a lot.
Mike: Yeah. Patrick: there's apartment buildings where they're, once they're stabilized, not necessarily ones that need a ton of work, but once they're stabilized. Getting AI to respond to all the maintenance service requests and scheduling the work, Automatically following up from the maintenance requests and requesting a survey. And if that survey is successful, immediately suggest a Google review and a Yelp review and then incentivize them. But you're selecting good reviews and as your reviews grow, your rinse grows, there's a direct correlation there. So automated booking. So when people come in, they can read an automated agent. That means that the leasing agents can actually be there with the people and actually be answering the questions rather than constantly booking. And those AI agents can follow up with the rental applications and keep that process going. They can actually record follow up dates and then follow up those are some of the examples. we can keep going, but Yeah, I know it's supposed to be a dialogue.
Mike: Yeah, no, that's okay. It is just, I always ask the people, 'cause it is fascinating how different people, different companies use AI and I'm glad that I have people that do that because I am not a techie. It is kinda like what you say in your business talking points. Find your unique ability and then outsource everything else, and that's really important. At what point in your career in investing did you say, "You know what? I'm working too much on stuff that I don't like or I'm not good at?"
Patrick: So I remember when I first read The 4-Hour Workweek, I don't know if this was like 25. Is it 25 years? Because I'm sane like that. Right. I know. It's crazy. A long time ago, and I hired in the first edition of that book, Brickwork India asked Monday, those two companies that they, you know, and I created the sheets and I was an engineer at the time. They had me doing some R&D work and identifying, and I was working on some glucose diagnostics test strip stuff. I actually wrote these scripts to go compile, do searching, compile from LinkedIn, all the different people that worked at the companies with certain titles, and then go through and research, Which ones were likely in the R&D or in the manufacturing or, all these keywords and then come back with what their emails are. And then I would write templatized scripts and then they would go and email them through my account. I started this back in my engineering days and I carried that forward. In fact, there's a different company that I've been using for almost 20 years now, it's just been really great to me. And I've carried that same kind of methodical system and process kind of automation, into real estate where I was at one point, you know, I had them looking at all of these potential opportunities. And helping to vet and make connections and meetings with prospects. I was just busy, you know, doing my architect, kind of doing my robotics and automation stuff. They helped keep, you know, my pipeline full of new things to look at. I'd all of a sudden transitioned right over into real estate and there really wasn't there really wasn't any hiccup. wasn't a change in scope, it was just similar kinds of SOPs, which were very detailed and iterative 'cause they'll go down rabbit holes and similar, similar kinds of controls. And I just was spending large amounts mostly through Upwork in the latter years 'cause it really became dominant in that space. mostly Upwork we're a virtual company and, you know, my director of marketing lives in the Bay Area in San Francisco. I have people in Texas, but we also have a lot of people in the Philippines and India and South America now, and we operate through Slack and we have quarterly, weekly updates. We've implemented EOS and it's just been a really cool, you know, exciting time for us overall. It creates a really fun atmosphere too. We had a company summit here in Honolulu, so that was pretty cool actually. That was the first time we did something like that, but we certainly have our good times over Zoom.
Mike: Yeah. You know, it's Zoom, Slack, and WhatsApp. I mean, all of a sudden it's like a man and I don't know if I could survive without those three, you know? I use WhatsApp a lot, you know, with my international investments and international people and it's just crazy. Something we have in common is, we've both owned a lot of apartment units and I love to hear some of them. I could go on for an hour with some of the challenges I face scaling. What kind of challenges did you face? What lessons can you tell us that you learned all of a sudden? You know, I started out with the fourplex, now I have thousands of units.
Patrick: Yeah. So, well, first the, I mean, you say fourplex, I call it residential, non-commercial, right? Because I did a bunch of senior family like you did before. The single family thing was working. I was working full time and I was moonlighting the single family thing and I was doing all of my own 'cause I had lost money before. wasn't very trusting of others at that point. I was a very careful, cautious engineer, and already very conservative. And now I've lost it and so I didn't really partner with much had, I was hyper-focused on recession resilient assets and markets. I went specifically with two bedroom, two baths because they had been the biggest winner for the longest time. I went specifically in Texas and narrowed in on Houston 'cause it had had the strongest performance through 0809 and I was underwriting, analyzing deals, talking to contractors, talking to property managers, renovating, talking to lenders and man, I'll tell you what that was brutal. And I found myself churning through these. And was thinking to myself, okay, I'm one two years and by the way, simultaneously I was doing, I had just finished a master's in engineering and an MBA. I was now doing projects with Tesla and Lockheed and J&J and Abbott and like I was doing some really amazing stuff flying around a bunch trying to date. and then I realized that. You just simply can't do it on your own. You need people in the markets. You need people who are programmed in all these different ways. They have savants in these different, and so my wife was there for my very last single family closing because I realized I couldn't scale this single family business and not make trade offs that affected my family, friends, hobbies, things that I cared about most. I told my soon-to-be wife, "Hey, I'm gonna take a break from this." She was there for my very last single family closing, we were at a coffee shop in Chinatown in LA and we were heading out for dinner that night. Then we got married, I married her. So it was a good choice. I was, that wouldn't have happened but then I learned to partner. On the other hand, it was a good two and a half year break before I went into apartment buildings and I learned to partner with other operators and other markets, that's how I was able to scale and let other people have their answers and find where I can bring value and balance to my life.
Mike: Yeah. And ladies and gentlemen, if you hear that it's gonna be hard for you to spend money in order to gain freedom. But I don't think you'll ever grow properly unless you start putting out chunks, you know? I hate CPAs , so why am I paying the bills? I'm not gonna say I hate people, but it's like going, why am I dealing with the tenants? 'cause I get a little frustrated with them, you know? So you have to find people that will help you out. so that you can grow. What do you think are the biggest trends going on, you know, let's say the next five years, 10 years? What are you seeing as far as alternative investments? Anything new? Anything big? What's the next big stuff?
Patrick: Right now I'm really big on litigation funding. I'm really big on these investments that do, and we have an income fund and an acquisitions fund. By the way, those are both one of the coolest opportunities of my lifetime because as you know, I lost big in 2009 and 2010 when it was the best buying opportunity for residential real estate single families. Now I'm in commercial real estate and we had the 2009 and 2010 happen for commercial real estate. Commercial real estate's taken a huge colossal hit and right now it's the best buying opportunity and if you move at the right time. So we are lending in our income fund and we're buying in the acquisitions fund, and we're getting outsized returns on both and it's just a really incredible opportunistic play for us. So that's going well. Meanwhile, we educate constantly on, again, those pillars of completely non-correlated diversification. Not lots of different kinds of hotels or real estate or even geographic real estate, different things that don't care about tenants, toilets and trash. Different things that don't care about interest rates. And so we are ventured out into the legal industry and we have a bunch of side projects going on that we're gonna, I usually for every four or five different things, I'm dabbling and I'm working on, usually one pops out where it's like, "Okay, let's, let's have everybody jump on board with us here." And we have a number of those cool projects right now on the sidelines, that I'm looking for to kind of launch here as the years goes on.
Mike: Yeah. And you're looking at, what I'm thinking about in the next five or 10 years, whether or not EVs make it or not. I think they will, but it may not be lithium, you know, it might be natural gas. I mean, who knows? But I don't think they're gonna go anywhere. So, you know, you look at different alternative investments and there's the precious metals that goes into all these different things. And I know people are starting to kind of look at investing in precious metals and instead of just gold and silver they're things I've never even heard of, you know? These precious metals but there's all these different things.
Patrick: The rare earth metals, right?
Mike: Rare earth metals.
Patrick: So I flew from Honolulu to Frankfurt, that is literally like a 12 hour time change from one top, one side of the planet to the other, 10 or so days ago to meet with a rare earth strategic technology metal distributor out there. 'cause I actually am really big. I talk a lot about gold and silver and I'm killing it there, doing really well. Gold and silver. Yeah, gold.
Mike: Gold is really good right now.
Patrick: When I bought it was at a high. But I knew at that point I needed to take some chips off the dollar table. I needed to get some cash out of the bank. that was deflating, right? And I was losing the value, it was inflating. So I wanted to get it over into gold and silver and man, that has just gone. Done really well. But if you look beyond that, to your point, you look to, well, What are the other metals? Well, there's palladium and platinum and that kind of fulfills precious metals. The gold out there is just sold to other investors. It's not really, traditionally the gold you receive at home, the silver you receive at home, the palladium or platinum you receive at home are typically not even in the right form to go into industry. But gold and silver are traded as stores of wealth, palladium and platinum are really the underlying value for industry. So it is kind of misdirected, if you will. If you're really gonna say, "Okay, how do you get a diversified metals portfolio?" Well, you've gotta look towards gallium, you gotta look towards vanadium, hafnium, indium, and then all of a sudden you get this like explosive, oh my gosh. You've got these metals. Some of them have gone up over the last five years, 100x 200%, or a hundred percent, 200%. Their commodities like oil, like gas, they'll rise and fall. But in a whole play, you can do really well. And there's a wholly, totally different ballgame because these are not sold with pretty little ingots that you're gonna sell to another investor. These are held in con custody control and a certain, controlled environment and certain vaults that are rated, and audited by tier one suppliers like Siemens or other companies like that. So that you have an exit. An exit, not to another guy who's, you know, you imagine the gold pawn shop. You have an exit to an industry supplier and this is in the form factor with a chain of custody that can sell it and that world. So this is like one of like 20 or 30 different alts we, you know, we can talk about. But that world of the strategic rare earth technology metals is a far better play. Lithium's not on my list. Why? Because. As you just said, it has a high obsolescence risk. Right now there's a bunch of different alternatives that are a lot less dangerous or plentiful and less toxic to the environment and so there's a huge movement going towards, moving away from it. Not that it will happen overnight, but I'm more interested in the ones which are there, like for example, in California where I was originally at, there's one of the largest underneath the salt flats there. I think it's in the Mojave or in the Owens Valley. One of the largest locations for lithium in the country. I mean, it's just sitting there. Those things can just be harvested with a flip of policy change, right? I'm looking for ones that can't just be flipped like that. I'm looking for ones that have an inelastic supply chain. The ones that are gonna continue to remain scarce because maybe they're a byproduct of some other manufacturing process like zirconium or aluminum. They produce the manufacturing process, produce other things, and it's hard, it's not possible to just double and triple these things overnight by mining directly. And so these other ones are a bit more inelastic. They provide a little bit higher risk. Now, when you look at ones that are. In addition to that, it is used across varying industries and varying products. As you say, the AI products, the semiconductors, solar cells, EV vehicles, additives for fuel touch screens, you can find these rares used in all these different kinds of products. And maybe I'm like half in rare earths and half in strategic metals, or, you know, not necessarily all rare earths. But if you find the right cross-sectional portfolio, you can get a really high performing, well developed metals portfolio. That most certainly is something I'm really big on.
Mike: Yeah, I agree. You know, we're running close on time, so what happens when people, they're interested, they're like, wow, you know, all these different things. It's just something else that I can invest in. So they go to passiveinvestingmastery.com. They click on it. How can they learn more?
Patrick: At the top of our webpage, we have our three investments, the Income Fund, Real Estate Asset Back Debt Fund. You can opt in there. We have our Acquisitions Fund where we buy things in cash. It's a High Growth Income Fund, steady on any cash flow. Acquisitions fund, high growth play, and then we have our litigation, Diversified Litigation Portfolio, which provides non-correlated growth to a portfolio and rides a completely different wave. And so, welcome to check those out. All the information's there on that website. I also have a Calendly link. you can go to passiveinvestingmastery.com/contact or just click Contact and I'd love to talk to anybody. I'm happy to do so, I offer a copy of this book here if you'd like. we just need to make sure that you put the name of the podcast in the form at this link. It's passiveinvestingmastery.com/book, passiveinvestingmastery.com/book. If you fill out the form, you can either download the ebook or download the ebook and get a hard copy. We sign them and send them out. And there's me here. I tell my whole story, the ebbs and flows, the trials and tribulations, in and out of high tech and single family and apartments and energy. I have a Navy Seal on here that Brian Tracy did for Forward Denis Waitley, a bunch of really cool rock stars, literally. That's Phil Collins, lead guitarist at Def Leppard. It was a really cool book to write, and continue to work with these guys. If it helps inspire you along your journey, that's enough for me. So I offer this to people, we ship it out. and you know, if you're sitting at home saying like, you know what, I like what he's saying, but man, it seems super outta reach. I don't know how to access different kinds of novel investments, which are not really popular, like oil and gas or real estate. How do I get involved?
Mike: Yeah.
Patrick: The most common question I get is, Hey, Patrick, what are those, what are your favorite investments, your favorite alternatives that anybody can invest in today to start billing true stability in your portfolio? If you go to a link, I provide that to you, I provide a download and it's investwithpatrick.com. investwithpatrick.com and right on that page, we have the download and it's one page that provides literally like, here's my favorite alternatives anybody can invest in today to begin starting your journey of building more security, kind of security in your portfolio into non-correlated investments. And then if you wanna read more, I have a bunch of pages behind that first page, which goes into whatever ones you're interested in. So, in the meantime, set up a call. Wherever you're at in your journey, I'd love to have a chat with you. And if, if I'm not a stop along the way, then I'm happy to get you pointed. In our alternative series, we interviewed over 40 different alt assets sponsors right now, completely different alternatives. I can find something that's a good fit for you.
Mike: Yeah, absolutely. Wonderful. Well, Patrick, thank you so much for coming on The Richer Geek Podcast. It's been enlightening. I think I'm gonna check out passiveinvestingmastery.com myself. Maybe I need to, uh, diversify a little bit. Before we leave, accredited investors?
Patrick: Yep. Accredited investors.
Mike: So, ladies and gentlemen, if you're an accredited investor and you're wanting to diversify into something that's out there as far as it's not the normal real estate, it's not your storage or mobile homes and those types of things. If you want to diversify into something that is more recession proof, check out Patrick at passiveinvestingmastery.com. Thank you so much for coming on The Richer Geek Podcast and, surf's up. Enjoy that Hawaii weather.
Patrick: Thanks for having me. I will.
Mike: Alright, take care.
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ABOUT PATRICK GRIMES
Patrick Grimes is the founder and CEO of Passive Investing Mastery, an internationally bestselling author, and Forbes Council contributor. A serial entrepreneur, he specializes in alternative investments with a portfolio spanning energy, litigation finance, commercial lending, acquisitions, and thousands of apartment units.
With a background in robotics and engineering and an MBA, Patrick now focuses on helping investors achieve financial independence through recession-resilient, cash-flowing strategies. Based in Honolulu, he’s passionate about making passive alternative investing accessible and sustainable.