Documenting my entrepreneurial journey, sharing lessons learned about business, finance, real estate, corporations, taxes, marketing and anything else that comes to mind.
In today's episode, I address the ongoing debt ceiling limit issue bouncing around the government these days. I also discuss why I think it's a ridiculous political talking point, versus anything of substance, and also discuss why the national debt and deficit are, in my opinion, a serious issue.
Used this episode to catch back up to the podcast, put out some random thoughts about 2022 highlights and recap, and looking ahead to 2023 and my intentions for both this podcast and my overall family and business objectives. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Tomorrow, August 9th, I'll be conducting my onboarding call with Anderson Advisors to kick off the setup of my new entity structure that plugs into the already-established living trust. The crux of the structure will rely on Wyoming LLCs to act as holding companies for both active (businesses) and passive (investments) pursuits. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In today's episode, I provide an update on my new approach to daily scheduling in terms of bedtime and wake-up time, and also provide an update on my Amazon reselling project. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I mainly focus on the concept of family offices and their use of intricate entity structures to protect and grow wealth. I discuss a website I discovered for the law firm Withers Worldwide, which contains a podcast series that focuses on family offices and the business they conduct for their clients. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss Janet Yellen's recent statement this week about how she was wrong to downplay inflation-related concerns back in 2021.
In this episode, I do a round robin of topics including an update on my Amazon e-commerce efforts in conjunction with my virtual assistant, some new developments in the limited partnership and entity structure area, and finishing up with some on-the-ground insights on the housing and rental markets. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I talk about Alex Hormozi and why you should read his book $100M Offers, as well as follow him on either TikTok or Instagram. He's an outstanding resource for anyone who's into sales, marketing, or running a business in general. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I discuss the current situation regarding baby formula shortages and price hikes, in light of the billions in aid being sent to Ukraine to fight Russia. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I provide a brief update on my Amazon reselling project that I'm working with my virtual assistant, mainly focusing on my efforts to obtain a sales tax exemption certificate from my home state. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
More thoughts on how I plan to structure my daily routine to optimize work output. I also discuss inflation and the notion that the government can “fight inflation.” --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I discuss plans for opening a TikTok account for the real estate and finance topics that I often discuss here, and experimenting with instructional, value-added content to take advantage of TikTok's unparalleled organic reach. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I talk about how I go about observing myself from a work and productivity perspective, then optimize my habits and routines accordingly. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I give my thoughts on the current macroeconomic environment from the standpoint of rising interest rates, inflation, and the spectre of a potential market/economic meltdown. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I philosophize about the importance of legacy and documenting the journey, and reaffirm my commitment to making more content going forward. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I break down the proposed "billionaire's tax" and its origins in the "buy, borrow, die" concept (see Episodes 20 and 63). I take a close look at the mechanisms behind the tax and the BBD concept, as well as debate the ethics of the proposed tax from the perspectives of capitalism, as well as taxation and liberty in general. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I'll provide an update on the Evergrande bank crisis in China, as well as discuss an options analysis service that I've been following recently called Unusual Whales, as well as provide some insight on a recent tweet from Nassim Taleb. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discussed recent news about the Chinese bank and real estate holding company, Evergrande, and the potential ripple effects that could occur in the global financial system, similar to what happened with Lehman Brothers in the fall of 2008. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss the recent Congressional reaction to the ProPublica tax article series, specifically, the use of IRAs and Roth IRAs. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I catch you up on the majority of my efforts since I last recorded in late May. I cover what I'm working on with respect to corporate tax returns, expansion of my digital marketing agency, and renewed efforts to apply Kiyosaki's principles pertaining to liability-to-asset conversion. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I explore the concept of bitcoin and cryptocurrencies, and take a particularly close look at the potential political risk involved in investing in these types of assets. I also discuss the Federal Reserve's announcement yesterday of the possibility of establishing a central bank digital currency (CBDC). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss Sam Ovens' teachings about the eliminate, automate, delegate protocol that one should use for eliminating wasteful activities and optimizing the most precious resource we have, time. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss the dilemma of sleep and how much one should get, especially when pursuing outsized goals like starting a business or changing careers. I examine the health vs. hustle aspects of the debate, and go into some detail about my own habits. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I recap the Shopify e-commerce drop-shipping experiments I ran from last Fall until just recently. I discuss the obstacles that eventually led me to conclude this model is flawed enough to discourage further pursuit. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discussed the importance of identifying and following and learning from digital or virtual mentors. For me this includes individuals like Robert Kiyosaki, Gary Vaynerchuk, Grant Cardone, and Sam Ovens. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss the Texas snowstorm and ongoing power and water crisis, as well as weighing in on Ted Cruz fleeing the state to Cancun with his family. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I give my hot take on the rapidly unfolding situation in the stock market between the Wall Street Bets subreddit and institutional investors, on opposite sides of stocks like GameStop, AMC and others. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I talk about a book I recently finished called “Relentless” by Tim Grover, which happens to include examples of the author's work doing fitness training with Kobe Bryant. I thought this would be apropos given that today is the one-year anniversary of Kobe‘s death. I also go into some detail in this episode about my reading habits and the types of books that I'm focused on reading these days. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I talk about the mindset and affirmations concepts espoused in the Consulting Accelerator training from Sam Ovens at Consulting.com. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I contrast Gary Vaynerchuk and Sam Ovens with respect to their philosophies on work ethic, loving what you do, social media usage, and dividing your attention across multiple projects. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I give an update on my two Shopify e-commerce stores, as well as an update on my affiliate marketing project. I also go into some length about aspects of the Consulting.com Consulting Accelerator training program, with respect to my theme for 2021: focus; I also discuss why the limbic system keeps you from doing the hard work, and why I think outsourcing and ruthlessly recapturing time is so paramount to being successful in business. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I give a very high-level overview and walk-through of the Sam Ovens Consulting.com training program that I'm currently taking, called Consulting Accelerator. It's a high-level look at the program, with future episodes to come drilling down into various aspects of it. I do spend a little bit of time focusing on one aspect of the program, the mindset shift and quantum physics material that appear in Week Two of the program. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I recap the performance of my two Shopify stores, Onyx Home Comfort and Rocking Palace, and walk through the lack of sales and activity that I experienced on both of those websites over the holiday shopping weekend. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I do a round robin recap of all of my major projects ongoing, including the 3 training courses I'm going through right now, my two Shopify stores, affiliate marketing projects, and my preparation for potential transition to the Triple Threat Limited Partnership entity structure. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss my philosophy on the necessity of failure, its importance to success and my personal approach to dealing with it. I begin the episode by giving an update on my Shopify store, Onyx Home Comfort, and review some of the early metrics from the initial ad campaign that is currently running on the store. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I start off by giving my thoughts about the Presidential election and the current state of determining the winner, and then go into updates on my Shopify store and ad campaign, and finish up by discussing the Consulting.com training program I'm currently taking. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss recent news surrounding the stock market, the upcoming Presidential election next Tuesday, and other headlines about civil unrest and political instability in the United States. I also discuss similarities and parallels between the 1929 and 2008 stock market crashes. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I provide an update on my affiliate marketing outsourcing experiment, with respect to issues running Google ads to the single-page landing pages that I have for my affiliate products. I also provide an update on my Shopify store and my pending relationship with a digital advertising agency in Thailand. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss the recent news that 50 Cent endorsed President Trump for reelection, due to Presidential candidate Biden‘s tax proposal that would result in 50 to 60% tax rates in high-tax states. I also provide an update on the Triple Threat Limited Partnership entity structure that I first discussed in Episode 42. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss the advantages of leveraging different kinds of corporate entities, provide background on how I became familiar with this subject, and then go into detail about a specific kind of corporate structure called the Triple Threat Limited Partnership (LP). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I go into detail about my personal tax return with respect to the implications of having sold six rental properties in 2019, and the resultant effects on my taxes this year. I also give a quick update at the end of the episode about my affiliate marketing and Shopify e-commerce experiments. I finish with a very brief preview of the next episode, in which I'll discuss the “Triple Threat Limited Partnership” corporate structure for business. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I provide an update on my affiliate marketing outsourcing experiment, as well as go into detail about a new project that I've initiated centered on Shopify e-commerce. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss a recent article that I read by the author Austin G. Mackell, whose article “Explaining Bullshit Jobs with Monetary Theory“ sparked some thoughts on our job marketplace, our distorted economy due to our banking system and government, as well as the idea of a universal basic income (UBI). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode, I conclude the informal three-part series that began with Episode 36, where I continue to look at some of the revelations from the New York Times examination of President Trump's taxes. Specifically, I look at some of the tax deductions that he claimed for his businesses and explore why it's advantageous to pay taxes as a business entity versus as an individual. I also recommend that listeners pick up a copy of Tom Wheelwright's book “Tax Free Wealth” as it does an outstanding job educating the reader on many of these tax concepts. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I continue exploring the implications of the revelations surrounding President Trump's tax returns, based on the New York Times recent exposè, and specifically discuss Trump's status as a real estate professional in the eyes of the IRS. I go into detail about the implications of that status and how it has allowed him to avoid paying Federal income taxes 11 out of the last 18 years. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I pivot off of the news that came out yesterday about President Trump's taxes, and specifically the $300 million of debt that he has, and use that to explore the idea of debt and its role in our monetary system. I go into detail about fractional reserve banking, and how crucial it is to understanding the other financial reality in our society (the one for the wealthy), as well as explore the seminal document behind fractional reserve banking, Modern Money Mechanics.. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I focus on the existence of two separate and disparate financial realities: one for the poor and middle-class, and one for the wealthy. I'll take a look at some of the specific tax avoidance mechanisms available to the wealthy and highlight the implications with respect to their financial reality. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I give an update on my affiliate marketing experiment, with respect to completion of the landing page and work beginning on the second landing page, as well as my search for Facebook and Google ad sellers on Fiverr. I also provide an update and additional thoughts on redeploying my virtual assistant into multiple freelance gigs. I wrap up with some thoughts on the leverage and automation available to everyone with respect to the Internet and associated software apps. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I discuss a new topic: the use of whole life insurance as an investment and wealth planning mechanism, as well as its relation to another concept I've covered here, buy borrow die (BBD). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I go over some thoughts I've had recently on reassigning my virtual assistant (VA) to other areas besides running my Shopify store, which has failed to gain traction, by setting up freelance gigs on Fiverr for things like building Shopify stores and optimizing websites for SEO/SEM, then letting the VA complete those tasks in my stead. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this episode I go into more detail about the YouTube marketing training I'm currently taking and potential applicability for it. I also provide an update on my affiliate marketing outsourcing experiment. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app