Engineered Impact Podcast

There's an epic "everybody loses" battle playing out this week between Wall St. hedge funds and amateur investors determined to stick it to "the man." While the drama is entertaining and most people aren't directly affected there are a couple of important lessons we should all take away from this. As I mention in the video, if your current financial plan has you dependent on the whims of Wall Street and you aren't confident that that strategy will yield the results you want, then I highly recommend you check out the Cashflow Tactics Free 5-day Challenge. In 5 days you'll learn how you can drastically reduce your risk while increasing your returns and build certainty into your financial system. https://go.cashflowtactics.com/sales-page35423364?fpr=kfws

If you've been wanting to invest in real estate but are overwhelmed/intimidated by everything involved or your friends horror stories then this episode is for you. Dan explains what turn key real estate is and how he used it to take the first steps towards building his portfolio. If you're ready to get started building your own real estate portfolio to achieve financial freedom in 10 years or less then the Cashflow Tactics Academy offers the best financial education there is. Check it out here: https://go.cashflowtactics.com/CFTAcademy?fpr=kfws

It's no secret that investing in real estate is one of the most powerful ways to build wealth and create cash flow. So why don't more people do it? In this episode we review some of the major roadblocks that keep people from investing in real estate, the things required to be successful in real estate and Dan covers some questions to ask yourself to decide if real estate is right for you.

With interest rates plummeting in response to the economic crisis millions of people are scrambling to refinance their homes. Should you be one of them? This episode dives into what a refinance is, qualification requirements, the options to consider, what to watch out for, what the process looks like and how refinancing your home could potentially put a lot more cash in your pocket every single month. *To see the examples Dan talks through in this episode check out the video version at https://youtu.be/WMTgAWBvNkE

After diving into the significant impact inflation will have on your retirement savings in the last episode, Dan walks through a few strategies you can consider pursuing to minimize, and even take advantage of, the impacts of inflation on your assets.

Day-in and day-out, year after year, the government is silently and intentionally stealing purchasing power from your savings in order to serve their own interests. In this episode Dan explains what inflation really is, why it happens and how it's impacting the amount of money you'll need to retire or achieve your financial freedom goals.

Americans tend to save more when there are shocks to the system and uncertainty but by and large the US savings rates has dropped pretty consistently for the last several decades. In this episode Dan talks about common reasons people don't save money and the best option for overcoming the forces that have made saving an exercise of questionable benefit. If you're ready to take control of your finances and start putting your money to work for you in a way that will allow you to become financially free in 10 years or less I highly encourage you to check out the Cashflow Tactics 5 Day Challenge. It's free and in just 5 days you'll walk away with a clear understanding of why you're not getting the results you want from your financial strategy and how, with a few key changes you can take full control of your money and become financially free decades before you might believe possible. https://go.cashflowtactics.com/sales-page35423364?fpr=kfws

Dollars follow value. The more value you provide to the market, the more dollars will flow your way. In this episode Dan discusses with fellow real estate investor Jason Miller how this concept applies to both stock market and real estate investments and why they consider real estate a much better way to provide value (and attract more dollars) than the stock market.

Taxes are an enormous eroder of wealth and, for most people, their largest financial liability. Deferring this liability into the future when investors stand to pay much higher tax rates will only make financial freedom that much harder to achieve. A much more efficient approach is to pay the taxes now, at known rates and then never have to let your money run through the IRS' hands again.

Banking is the most profitable business in the world. In this episode Dan walks through how you can generate mind blowing returns using the exact same strategy the banks use to accelerate your path towards financial freedom.

If there is one overarching financial lesson that people and businesses should learn from COVID-19 it's that liquidity - access to cash when you need it - is absolutely critical. Unfortunately, when the virus first hit, many people learned the hard way that no matter what the balance showed on their bank statement; when they wanted their cash back the banks couldn't, or wouldn't, let them have it. In this episode Dan lays out how easy it is to get access to your cash from a properly structured whole life policy and why that is so important.

When choosing a financial institution to safeguard your savings do you choose the bank with a branch down the street because it's convenient or do you pick an institution with a strong balance sheet that you're confident is well equipped to protect your savings? In this episode Dan walks through why mutual life insurance companies are the best equipped to make sure you're money is there when you need it.

You need to pick a savings vehicle that matches you and your goals.

What would the perfect savings account look like? Dan lays out the 5 qualities he feels the perfect savings account should have.

An impromptu episode to share a couple of lessons learned from taking part in the world wide virtual Spartan Race weekend.

What things do you tell yourself you'll do or be "someday," knowing deep down that someday never seems to come? In this episode Dan shares an experience where he learned how to pull "someday" into today.

No matter what area of life you want to improve in, money, relationships, professional skills, spirituality, etc., spending time learning from the smartest people in that domain is one of the surest ways to shortcut your path to success. In this episode Dan shares one of his favorite ways to get close to experts no matter where, or when, they're from.

Life is precious and finite; are you using your one incredible opportunity to live to the fullest so you can look back at the end without regret?

Your experiences are as unique as you are. Are you taking advantage of the customized opportunities and challenges that life has sent your way to learn all you can and become the person you are capable of being?

2020 has not proven to be the prosperous start to a new decade that so many of us hoped for. Between the COVID-19 pandemic to natural disasters, economic devastation and social unrest it's easy to understand why so many people feel overwhelmed and helpless to do anything. In this episode Dan shares how he learned to stay hopeful and maintain a sense of empowerment rather than being overwhelmed by the enormities of the problems served up daily by a world in commotion.

Whether it's raising a family or putting someone on the moon, you are capable of doing great things. But greatness doesn't come naturally, it requires you to develop new skills, constantly expand you mind and vision and build relationships with those that can help you along the way.

Failure hurts...but it's also the best teacher. In this episode Dan shares the story of that time he learned what happens when you "invest" when you have NO idea what you're doing.

It is human nature to mimic the habits, thought patterns and behaviors of those we spend the most time with. Achieving financial freedom, or any other measure of success, requires that you surround yourself with those who are successfully achieving the results you want so you can learn and model the habits, behaviors and mindset that made them successful.

How are you keeping score of whether or not you're on track to become financially free? We're generally taught to focus on building a large net worth during our working years. Changing your focus to track the monthly cash flow your investments is producing will allow you to build a financial system that is far more likely to produce lasting financial freedom regardless of what the markets, the economy and the government do in the future.

So you're following all the rules and socking money away for retirement but no matter how much you scrimp, save and sacrifice you still worry it won't be enough. Well, that lack of certainty is not your fault and you're right to be worried; in this episode Dan explains the 4 powerful forces eroding the value of your retirement account and threatening your future prosperity.

Despite what you hear in the media, it's critical that you take advantage of the opportunity COVID-19 has presented to re-evaluate your financial foundation and adjust it as necessary to emerge from this crisis stronger than you were before.

Real wealth isn't financial, and living a wealthy life doesn't have to wait until SOMEDAY when you're financially free on paper. Having confidence around your financial strategy and trajectory will  facilitate and enrich your pursuit of true wealth in your health, relationships, spirituality and work starting TODAY.

The most important investment you will ever make on your way to financial freedom is in YOU. Financial freedom is a natural outgrowth of investments you make in developing new skills, building a team and wiring your mind for financial freedom.

Starting down the road to financial freedom, it doesn't take long to run into the wall of your own limitations in skills and know how. Success requires consistent learning and action on your part but also leveraging the skills and smarts of others.

When you build a system where your dollars can do twice as much you will accelerate your path to financial freedom.

Finding a savings vehicle that solves the problems with qualified retirement plans by providing a guaranteed rate of return, tax free growth, liquidity, privacy and a hedge against inflation.

Why using qualified retirement plans as a primary savings vehicle poses significant hurdles to becoming financially free...especially quickly.

Digging deep on the motivations to pursue financial freedom rather than settling for the normal path society has set for you.

Meet Dan and find out what Engineered Impact is all about.