After only 2 1⁄2 years of investing in real estate, Del Walmsley used the income from his Single Family rental houses to replace his earned income and quit his W2 job as Director of Sales within a Health Club. Today, Del is a self-made multimillionaire, dedicated to teaching and mentoring others so they can reclaim ownership over their time, retire from lives of quiet desperation, and create the lifestyle they desire.
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After only 2 1⁄2 years of investing in real estate, Del Walmsley used the income from his Single Family rental houses to replace his earned income and quit his W2 job as Director of Sales within a Health Club. Today, Del is a self-made multimillionaire, dedicated to teaching and mentoring others so they can reclaim ownership over their time, retire from lives of quiet desperation, and create the lifestyle they desire.
The Financial Tracking Process Most People Skip (And Why It Matters)
The Del Walmsley Radio Show
35 minutes 18 seconds
3 weeks ago
The Financial Tracking Process Most People Skip (And Why It Matters)
Do you know your exact net worth right now? Most people don't—and that's where the trouble begins. This episode cuts through the financial fog to reveal a monthly tracking process that separates those who build wealth from those who simply hope for it.
You'll hear three remarkable stories that sound almost unbelievable: A spouse who secretly invested grocery money for 15 years. A professional who walked away from a corporate career and restructured everything after divorce. A housewife who moved to Paris. These aren't fairy tales—they're real examples of what happens when someone stops waiting and starts tracking.
What You'll Discover
The specific balance sheet and income statement process financially successful people use monthly—and why most avoid it even though they know they should
Why money problems rank as the number one cause of divorce, and the hidden power dynamics that prevent couples from having honest financial conversations
Three detailed case studies of individuals who built real estate portfolios despite resistance, secrecy, or complete lack of support from those closest to them
Key Timestamps
02:10 The Monthly Counting Process - The exact tracking system used to monitor net worth and income, including what goes on your balance sheet and why most people would rather avoid looking at the numbers
08:30 Realized vs. Unrealized Income - Why your 401(k) might not pay you a single dime for 30 years, and the critical difference between assets that generate cash flow versus those that just sit on paper
13:09 The 15-Year Secret - How one spouse quietly invested grocery and laundry money for 15 years, building substantial real estate equity without telling their partner—discovered only on her deathbed
19:20 The Divorce That Changed Everything - A strategic divorce settlement negotiation led to real estate acquisitions and a completely restructured financial life within twelve months
26:10 From Corporate Executive's Wife to Paris - The story of a highly educated woman who went from housewife to apartment complex owner to international living after her marriage ended
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The Del Walmsley Radio Show
After only 2 1⁄2 years of investing in real estate, Del Walmsley used the income from his Single Family rental houses to replace his earned income and quit his W2 job as Director of Sales within a Health Club. Today, Del is a self-made multimillionaire, dedicated to teaching and mentoring others so they can reclaim ownership over their time, retire from lives of quiet desperation, and create the lifestyle they desire.
