Podcasts about build generational wealth

In this episode of The Thriving Dentist Show, we tackle an essential yet often overlooked topic—How to Build Generational Wealth with Your Dental Practice. Gary and Naren explore financial independence as the first step and discuss proven strategies to help dentists secure long-term wealth for future generations. Learn about effective financial planning, tax-advantaged savings, practice growth strategies, and the mindset needed to achieve lasting prosperity. Whether you're aiming for financial freedom or legacy wealth, this episode is packed with insights to help you make informed financial decisions.  

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"Money is a tool—use it wisely, and it can work for you for generations." What if you could stop worrying about money and create a legacy that lasts for generations? In this episode, Jaspreet breaks down the 10 steps to building real wealth—covering everything from mindset to investment strategies to legacy planning. Learn how to: Develop a wealth mindset that sets the foundation for success. Decode the rules of money and leverage them to your advantage. Save your first $2,000 and establish a bulletproof financial system. Crush credit card debt and escape the financial danger zone. Make smart investment decisions that generate cash flow and build long-term wealth. Spend strategically and avoid common money traps. Protect your growing assets with the right strategies and team. Strategically increase your income to accelerate your financial journey. Safeguard your legacy through estate planning and asset protection. Leave a lasting impact through wealth that grows and gives back. This isn't just about growing your bank account—it's about designing a life of freedom and purpose.   Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

Maybe it's not bad... If you're currently having trouble seeing the good and gratitude in life, and it feels like everything is going wrong, this is the podcast episode for you. Perspective is the medicine. Love, Anuuma P.S. Here are 3 ways I can help you: Change your Life with Potent, Intentionally Formulated Ancestral Medicine at​ Anuuma Apothecary​ Anuuma Apothecary crafts small-batch organic and wild-harvested slow, sacred, Ancestral Medicine for Modern life. From medicine for chronic conditions to organic herbal feminine care products, we have what you need - with more to come. Help you Overcome a Chronic Illness in the ​Heal at Home Mentorship Program.​ If you no longer want to be a "Chronic Illness Warrior", and instead want to heal for good. My proven 4-step process and Mentorship Program will help you go from chronically in pain, stressed, and fatigued to happy, healthy, thriving, and at peace. Cultivate a life of purpose, service, and freedom with the ​Ancestral Medicine Woman Certification Program.​ If you're tired of working for a job that you know is out of alignment, you're passionate about holistic healing, or you have a holistic business that's not having the impact you know you were put here to have, apply to join AMW. In the Ancestral Medicine Woman Certification Program, I help you master the skill of Ancestral Medicine, and start or grow the Spirit-led, Purpose-driven, Ethical 6 or 7-figure Wellness Business of your dreams that has an incredible impact on the world and helps you... Break Generational Curses, Eradicate Generational Diseases, and Build Generational Wealth.

Dial into this episode with Adiel Gorel to explore how real estate can be a life-changing investment. He shares his journey from Silicon Valley to building a thriving real estate empire and highlights the incredible financial advantages of the 30-year fixed-rate loan - an overlooked gift unique to the US. Plus, hear a crazy story about his early Vegas investments that will make you rethink everything you know about the market!   Key takeaways to listen for Why the 30-year fixed-rate loan is a unique financial advantage in the US How inflation works in your favor as a real estate investor The benefits of investing in new construction homes in Sun Belt states Strategies for scaling a real estate portfolio, even in unpredictable markets How Adiel's early experiences shaped his approach to simplifying real estate investing   Resources mentioned in this episode From Fear to Fortitude: Inflation, Time, and Debt for Lifelong Wealth | Adiel Gorel | TEDxYoungstown Adiel Gorel | Spotify   Amazon Book: Remote Control Retirement Riches by Adiel Gorel | Paperback   About Adiel Gorel Adiel is the CEO of ICG, a prominent real estate investment firm located in the San Francisco Bay Area. Since 1983, he has successfully assisted thousands of investors with purchasing U.S. properties. He also holds a master's degree from Stanford University. His professional experience includes management and director positions at firms that include Hewlett-Packard, Excel Telecommunications, and biotechnology firms.   Connect with Adiel Website: International Capital Group Instagram: @adielgorel Facebook: Adiel Gorel YouTube: Adiel Gorel LinkedIn: Adiel Gorel - ICG Real Estate Investments Email: info@icgre.com   Connect with Leigh Please subscribe to this podcast on your favorite podcast app at https://pod.link/1153262163, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Sponsors "You Ask. Leigh Answers." Your Affordable Coaching Program Hey there, real estate pros! Are you ready for some more Leigh Brown wisdom in your life? Then don't miss out on my brand-new program, "You Ask. Leigh Answers." It's your exclusive gateway to the insights and advice you need to supercharge your real estate business. With "You Ask. Leigh Answers." you get Direct Access to Leigh Brown, directly! Expert Coaching, Community Connection, and Extensive Resources. Whether listening to this on the go or watching at home, sign up today at Answers.RealEstate and take your business to the next level. Trust me, you'll be glad you did!  

“True generational wealth isn't just a home—it's income that lasts beyond your lifetime.” This is a mindset shift we all need. Learn from Jaspreet on how to redefine generational wealth and how to create it, even if you don't make a high salary. From owning cash-flowing assets to avoiding common pitfalls of traditional wealth-building strategies, tune in for insights on how to set up your family (or community) for lasting financial freedom. What You'll Learn: The difference between a home as an asset and a true income-producing asset. How to leverage three asset types—businesses, real estate, and dividend-paying stocks—to create steady income streams. Why reinvesting dividends, understanding cash flow, and focusing on long-term strategies are key to building sustainable wealth. Practical tips for investing smartly, managing risks, and scaling your wealth, even on a modest income. Whether you're just starting out or looking to create a financial legacy, this episode will give you actionable steps to transform your mindset and financial future.   Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

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Cheers to freedom. Full Episode | EP 43 | Why Doing What the Doctor Ordered is Just What You Need to Build Generational Wealth with Dr. Jeff Anzalone CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Cheers to freedom. Full Episode | EP 43 | Why Doing What the Doctor Ordered is Just What You Need to Build Generational Wealth with Dr. Jeff Anzalone CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Brandon West, CPA and James Walters, CRPC discuss weekly topics surrounding personal finance, small businesses, investing, tax strategy, and retirement planning. In this episode we talk about one of the most important market factors in recent history: the upcoming "Great Wealth Transfer" that will pass over 80 TRILLION dollars to younger generations. Statistics say most people are not prepared to effectively manage a financial windfall. Learn how to be prepared so you can avoid the common pitfalls of inheritors.

Are you ready to uncover the strategic art of turning your property into a powerful asset that can multiply wealth and impact your community?  Join us as Eugene Gershman shares invaluable insights on real estate development and sustainable investment strategies. In this episode, Eugene Gershman, CEO of GIS Development Corp, an expert in real estate development and private equity dives deep into the unique challenges and rewarding opportunities that come with transforming properties into lasting investments. From the hidden complexities of construction to handling community concerns, he sheds light on what it really takes to build in today's urban environments.  Eugene shares his views on how real estate owners can strategically retain and grow their assets for greater financial returns, community impact, and legacy-building. He also highlights key mistakes to avoid, such as underestimating the complexity of development and relying solely on cost-per-square-foot estimates. Key Takeaways: 14:2: Handling Community Engagement: Eugene shares a transparent approach to addressing local concerns and warming up communities before big announcements.  16:11: Challenges in Urban Development: Eugene talks about the construction process challenges, particularly in dense urban settings, and how to educate neighbors on the long-term benefits.  20:06: Common Development Misconceptions: Eugene breaks down why building isn't as straightforward as it seems, especially with fluctuating costs per square foot.  21:28: Avoiding Development Pitfalls: The importance of understanding true development costs and avoiding reliance on “cost per square foot” estimates alone.  24:45: Building a Legacy: Eugene encourages property owners to consider development as an investment rather than a sale, leveraging tax strategies to convert active assets into passive income. Connect with Eugene@: Website: http://www.giscompanies.co/ Linkedin: https://www.linkedin.com/in/eugenegershman/ Blog: privateequity.dev Connect with Corwyn@: Contact Number: 843-619-3005 Email: corwyn@corwynmelette.com Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠ FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠ Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠ Website:⁠ https://www.exitstrategiesradioshow.com⁠ Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠ Shoutout to our Sponsor: ROBYN COLLINS Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative.  Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today  ROBYN COLLINS with REDROBYN HOMES at 843-557-5003. Again that's 843-557-5003 or visit RedRobynhomes.com/join.exit and make your Exit today. --- Support this podcast: https://podcasters.spotify.com/pod/show/corwyn-j-melette/support

In Part 2 of this episode we are joined our brothers Rotimi  @mrmoneyjar19  and Emmanuel  @breadandbutterpod  to discuss everything finance, building generational wealth and specifically how the recent UK Budget announced by the Chancellor will impact people in our community. As always, please comment below with your thoughts and don't forget to Like, Share And Subscribe

Tune in Today's SHOW as our well known successful guest speaker shares amazing insight around this very important topic. You will find ways to connect with our GUEST today on the website mentioned in the video and further continue the conversation.   SUBSCRIBE, REVIEW & SHARE the SHOW! Elona at the Life School helps Entrepreneurs and Organizations grow legacy purpose driven life and businesses for major Impact & Income.   Website: www.elonaloparicoaching.com   Follow our Page on Facebook:  https://www.facebook.com/profile.php?id=100063162853244&mibextid=LQQJ4d Join our Facebook Group Community here: https://www.facebook.com/groups/entrepreneursofthelifeschool   Connect with us on Linkedin: https://www.linkedin.com/in/elona-lopari/   Follow us on Instagram: https://www.instagram.com/elona_lopari/    

Shauna Wekherlien, the Tax Goddess, is a two-time published author and the Founder of Tax Goddess Business Services, a fully digital firm with a skilled team worldwide that have saved their clients over $1 billion in taxes - a testament to her meticulous approach and the trust she's built in the industry.Shauna shares her incredible journey from studying astrophysics to becoming one of the nation's leading tax strategists. With a passion likened to a strategic game of chess, she recounts the story of how her career began by helping her mother with an IRS issue, ultimately leading to her passion for the field.Her expertise, once reserved for top corporations, now empowers small businesses and entrepreneurs to optimize their tax strategies. As one of only 15 certified tax strategists in the U.S., Shauna and her team collaborate seamlessly with clients' financial teams, crafting robust, compliant tax plans. Just a hint of the gold shared in this episode:• Her firms unique strategy to keep audits minimal• Navigating the complexities of real estate and mortgage note industries• The aggression scale of tax filings and how to tailor your specific risk tolerance• Strategic tax planning to transform your financial and generational wealthShauna's insights are a masterclass in maximizing tax benefits while staying on the right side of the law, with a fresh perspective on tax strategy, making it relatable and actionable.Connect further with Shauna Wekherlien, the Tax Goddess at https://taxgoddess.com or LinkedIn https://www.linkedin.com/in/taxgoddess/.Unlock elite low risk investment opportunities tailored to your priorities. Let our experts maximize your returns while you focus on what matters most. Join our family of successful investors and create a lasting legacy of financial wealth and community impact together. Start or elevate your portfolio today. Email bill@firstliencapital.com or go to https://www.firstliencapital.com.To learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/

On this week's episode of THE FINANCIAL COMMUTE, host Chris Galeski welcomes Wealth Advisor Joe Seetoo to discuss building generational wealth as a family business.Here are some key takeaways from their discussion:- Small businesses are the cornerstone of the American economy, and 90% of American small businesses are family owned.- About 70% of family businesses do not get passed down to the second generation successfully. Succession is difficult because there are so many complicated dynamics to navigate. Not only are there familial relationships to consider, but employees who are not related to the family that have a sense of ownership and passion for the company who need to be treated fairly. - Implementing leadership training for the next generation and having more structures in place to ensure everyone is well-equipped and understands the shared vision is crucial.- Assembling the right team with financial experts, estate attorneys, and exit planning advisors can increase the likelihood of a successful transition. Professionals can also help guide your children should they inherit a lot of wealth in how to best handle their new assets.- It is important to have regular conversations with your family/team as a business owner and clearly communicate your intentions.- If you or someone you know is thinking about a business succession, visit our Strategist offering page to learn more about how we can help.

Get EXCLUSIVE Access for our first t-shirt drop at https://bit.ly/staydelusional Follow Us! Instagram: https://www.instagram.com/calumjohnson1?igsh=MTdzbHI1b3c1b2dmag== Ashley Fox: https://www.instagram.com/_ashleymfox?igsh=aW1paWVkcHdlNTB1Empify's Website:http://www.empify.com Watch our episode with Tiffany Aliche on how to build wealth without leaving your 9-5 job https://youtu.be/4Hgy8WIJ7mg 00:00 Intro 02:30 The TRUTH about how the top 1% think about money 07:10 "I didn't believe I was enough" (NEGATIVE MINDSET) 26:10 Your emotional trauma is making you unhappy 35:11 The first step to being happy & rich! 39:12 Find your thing and NEVER settle! 52:33 How ANYONE Can Fix Broken Beliefs 1:00:36 How to build wealth by investing just $10 (Starting with Nothing) 1:09:36 The minimum amount you can start investing with 1:16:29 How to make figures of passive income without leaving your job. 1:26:16 You can do anything! (EMOTIONAL) About the episode. Ashley spent 6 years on Wall Street, managing portfolios for ultra-high-net-worth individuals (over $25M). She saw their accounts, lifestyle and how they managed their money. Quickly she realized her Wall Street job couldn't give her that level of wealth and freedom she dreamt off. So she decided to copy her wealthy clients by investing. She started with just $300 and has now built a portfolio generating multiple 7-figure returns from that. In this episode she shares how anyone can start investing with $10 and build wealth.

Do you want to grow your podcast and monetise your audience? Get my exact system here: https://voics.ck.page/2d96ec1846Book any guest on your podcast with my exact system:  https://voics.ck.page/7863d368faIs the economy collapsing? Probably. Can you still get rich? Absolutely.We're kicking off the US Podcast tour with Sebastian Ghiorghiu - Self made Millionaire, YouTuber & Serial Entrepreneur.In this episode of the Kickoff Sessions podcast, Sebastian breaks down the realities of today's financial system and shares the exact strategies he's using to build generational wealth while the world crumbles around us.From starting with $0 to leveraging assets like Bitcoin, real estate, and e-commerce, Sebastian reveals how anyone can make "F*** You" money—even in the face of economic uncertainty. He also uncovers why most people are stuck in a broken system and how you can escape the rat race to secure your financial freedom.This episode will change the way you see money, the economy, and your own potential to thrive in the face of global uncertainty. If you're not preparing to win, you're preparing to lose.Hit like, subscribe, and don't forget to turn on notifications to catch more episodes like this one!Tenplus delivers a potent blend of electrolytes crafted for peak hydration in tropical climates, combined with the power of Indonesian plant-based ingredients. The result? A hydration drink that is not only refreshing but also supercharges performance and speeds up recovery.Get 10% off Tenplus: https://www.mytenplus.com/kickoffConnect with Seb:Instagram: https://www.instagram.com/sebb/YouTube: https://www.youtube.com/c/SebastianGhiorghiuMy Socials:Instagram - https://www.instagram.com/darrenlee.ksLinkedIn - https://www.linkedin.com/in/darren-lee1(00:00) Preview and Introduction(01:07) Is the U.S. on the Brink of Collapse?(03:41) U.S. vs. U.K.(07:42) The U.S. Economy and Inflation Crisis(10:09) Sebb on the Future of Bitcoin(12:26) The Importance of Investing (16:47) Early Challenges and Finding Drive(20:22) Scarcity Mindset vs. Abundance Mindset(23:44) Is Entrepreneurship a Matrix?(25:50) Making Your First Dollar vs. First Million(31:06) Balancing Relationships and Success(36:09) Overcoming Societal Indoctrination(38:06) Burnout in Content Creation(41:31) Future of the YouTube (43:10) Mentoring and Guiding Young Entrepreneurs(46:26) Avoiding the Entrepreneurial Rat Race(56:22) Common Pitfalls for Entrepreneurs(01:00:31) Learning from Mistakes and Avoiding Burnout(01:03:01) The Importance of Having the Right Mentors(01:05:04) Balancing Health, Wealth, and RelationshipsSupport the show

On this episode of The Table with Anthony ONeal, we share the crucial steps for building generational wealth. You'll learn the importance of seeking wisdom and applying knowledge, the benefits of paying off consumer debt, and the significance of starting to invest in your wealth accounts. These steps will help you make smart investment choices and lay the foundation for a secure financial future. Tune in to discover how to achieve lasting financial freedom and create a legacy for generations to come!Mentioned On Today's Show:

Building financial literacy and generational wealth for your family can be overwhelming, especially when navigating the complexities of credit, real estate, and business funding. The intricacies of these areas often pose significant challenges, making it difficult to create a solid financial foundation. Balancing these elements while striving for long-term wealth requires careful planning and understanding. Herman Dolce Jr. is a trailblazing entrepreneur and financial literacy advocate who is transforming the lives of young people and families. Today, Herman talks about the crucial role of mentorship, the importance of instilling financial literacy from a young age, the strategic use of business credit and alternative funding sources, the value of curating one's social media circles, and the mindset of embracing failure as a path to mastery. Join in as young leaders pose inquiries about life, personal development, and beyond! Quotes: “Mentors are the cheat code. Sometimes you have to pay mentors, but you're paying to learn from their mistakes, so you don't have to make them yourself.” – Herman Dolce Jr. “Recessions are the Black Friday for the rich.” – Herman Dolce Jr. “There is a king and a fool in every man. The one you speak to is the one who responds.” – Herman Dolce Jr. “If I could change one aspect of human nature, it would be people's ability to execute on the knowledge they have.” – Matt Beaudreau Takeaways: Identify and connect with mentors who have achieved the level of success you aspire to. Prioritize learning from their experiences and mistakes. Start building financial literacy and good financial habits early, even with young children. Teach them about concepts like LLCs, assets, and credit. Leverage business credit and alternative funding sources, such as private money and grants, to acquire real estate and other assets. Diversify your funding approach. Audit your social media circles and intentionally follow influential figures in the finance, entrepreneurship, and real estate spaces. Use these platforms as tools for learning and growth. Embrace the mindset of "hurry up and fail" - be willing to take calculated risks and learn from your mistakes quickly. This will accelerate your path to mastery. Conclusion: Strategic mentorship, financial literacy, and early education are crucial for building wealth and assets. Understanding these elements helps individuals make informed decisions and effectively leverage diverse funding sources. By combining these strategies, one can create a solid foundation for long-term financial success and growth.

Why your fancy degree isn't enough to make you wealthy. Cheers to freedom. Full Episode | EP 43 | Why Doing What the Doctor Ordered is Just What You Need to Build Generational Wealth with Dr. Jeff Anzalone CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

From overcoming a life-changing motorbike accident over 20 years ago to becoming a trailblazer in the SMSF property investment space today, Supavest Founder and Managing Director Raymond Hempstead throws the curtains wide open on how you can buy, build, and own property with your super fund! Growing up in Queanbeyan then settling down in Sydney, and from accounting to property investing, Hempstead has exemplified how success can rise from the ashes of uncertainty and challenges. Today, he uses his strong business acumen to hit his company's target to help Australian families build their generational wealth. Plus, he underscores the importance of reframing your mindset about retirement, and outlines how you can make the most of your super fund so you can have the choice and full control when planning the 'longest holiday you will ever have'. Hosted on Acast. See acast.com/privacy for more information.

From overcoming a life-changing motorbike accident over 20 years ago to becoming a trailblazer in the SMSF property investment space today, Supavest Founder and Managing Director Raymond Hempstead throws the curtains wide open on how you can buy, build, and own property with your super fund! Growing up in Queanbeyan then settling down in Sydney, and from accounting to property investing, Hempstead has exemplified how success can rise from the ashes of uncertainty and challenges. Today, he uses his strong business acumen to hit his company's target to help Australian families build their generational wealth. Plus, he underscores the importance of reframing your mindset about retirement, and outlines how you can make the most of your super fund so you can have the choice and full control when planning the 'longest holiday you will ever have'. Hosted on Acast. See acast.com/privacy for more information.

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Emilie Bellet speaks with Nina Mohanty, co-founder and CEO of Bloom Money, an app designed to help diaspora communities build generational wealth. Nina discusses the significant challenges that migrants face in accessing financial services, sharing her personal struggle of opening a bank account and her journey from working in fintech to raising funds for her startup. A passionate advocate for technology, Nina believes in the transformative power of fintech to make finance fair, transparent, and accessible for everyone.PARTNERThank you to our partner PensionBee. With PensionBee you can combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join over 240,000 customers saving with PensionBee. When investing, your capital is at risk. CONNECT WITH VESTPODIf you want to read the main takeaways from the episodes, subscribe to our newsletter: https://www.vestpod.com/subscribe Instagram: https://www.instagram.com/vestpod/ RESOURCESMain takeaways: https://www.vestpod.com/news/the-wallet-podcast/immigrants-generational-wealth-with-nina-mohantyBloom Money: https://bloommoney.co/ Listen to PensionBee's monthly podcast, The Pension Confident Podcast to better understand the world of personal finance and pensions: https://podfollow.com/the-pension-confident-podcast DISCLAIMERWe are not certified financial advisers! The articles and information made available on Vestpod are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances. Hosted on Acast. See acast.com/privacy for more information.

Coach JV (John Vasquez) is a former banking VP turned founder of the 3T Warrior Academy. Coach JV has helped thousands of people achieve freedom in mindset, health, and wealth. With over 2,000,000 followers, he's a powerhouse content creator and a leader in the crypto space. Coach JV shares his remarkable journey from being broke on his parents' couch to building multiple seven-figure ecosystems and establishing a Rockefeller Trust for his family's future. He dives deep into macroeconomics, discussing the challenges facing the middle class and why an annual income of $160,000 is now needed to maintain middle-class status in America. Tune in to learn how to navigate the economic shifts and build wealth as an entrepreneur in today's dynamic economy.

Join Sarah Miskelly as she interviews Whitney Elkins-Hutten, who turned a fixer-upper with psychedelic daisy walls into a $52,000 profit – her first step towards an $800 million real estate empire. In this episode, Whitney shares how she went from DIY repairs to managing:6,500+ residential units2,200 self-storage units$5 million in flipped homesNow a published author with Money for Tomorrow, Whitney offers her blueprint for building generational wealth in real estate. Learn the basics, avoid common mistakes, and start your journey to financial freedom.

On this encore episode of the Passive Income Attorney podcast, Seth is joined by full-time periodontist Dr. Jeff Anzalone as they talk about his perspective as an investor-doctor, and why you need to reconsider the way you think about money, the educational system, and your future. Apart from being a dentist in the great state of Louisiana, Dr. Jeff is also an author and the founder of DebtFreeDr.com. His focus is on helping doctors and other high-income professionals create passive income from real estate, so they can stop trading time for money. Enjoy!   “You can never have enough information, but you should have enough to know what you're doing. If you can make a good solid decision that goes with it, pull the trigger.”   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: How to sort out the business side of your profession that you aren't taught in school. What drives medical professionals to get into real estate investing. How to shift your mindset to buy back the time you traded for money. The hurdles that doctors face when it comes to money matters. The importance of financial education in the early stages of your career to avoid the golden handcuffs. Things to avoid when starting your journey in real estate investing. And so much more!   ABOUT | DR. JEFF ANZALONE: Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com. His focus is on helping doctors, and other high-income professionals create passive income from real estate so that they can stop trading their time for money. Dr. Jeff, like most people, dealt with many failures and setbacks along his path to success. Only two weeks before completing his surgical dental residency, his plans fell through to join a group practice which he was relying on to teach him how to run a business. This left him with no job, an interest-only mortgage, a two-month-old, and close to $300,000 in student loan debt. After becoming debt-free, he shifted his focus to acquiring streams of passive income using real estate as he realized that his practice income was their only income stream at the time. He now uses his blog, DebtFreeDr.com, to educate doctors and other high-income professionals on how to passively invest in real estate so that they can stop trading their time for money.   FIND | DR. JEFF ANZALONE: Website:  http://www.debtfreedr.com/ Doctor's Passive Income Guide: https://www.debtfreedr.com/doctors-passive-income-guide/   ✈️ CONNECT | SETH BRADLEY:

In this week's episode, join us as we delve into the intricate world of wealth accumulation with the esteemed founder of Sovereign Wealth Midlands, Dan Thompson. Dan's journey commenced unexpectedly during his tenure at the University of Nottingham, where a chance encounter with a finance course ignited his passion for all things financial. Venturing into the realm of finance as an Independent Financial Advisor (IFA) within a bustling high-street brokerage, Dan swiftly realized the formula for success: calls equated to meetings, meetings led to clients, and clients fostered deals. However, amidst his burgeoning triumph, Dan confronted a pivotal realization—his principles diverged from those of his current firm. Undeterred, he embarked on an entrepreneurial voyage, determined to align his professional ethos with his values. Yet, adversity loomed large as his former employer sought to impede his fledgling enterprise, coupled with the profound loss of his father. Enduring with unwavering perseverance and grit, Dan surmounted the obstacles, ultimately sculpting one of the most prosperous advisory firms in the UK. Tune in as we unravel the essence of determination and grit, the paramount importance of customer service, and the symbiotic relationship between fitness, health, and morning routines. Join the conversation as we glean invaluable insights from Dan Thompson's extraordinary odyssey to entrepreneurial triumph. Don't miss out on this enriching discourse—subscribe now to The Daniel Leese Podcast on your preferred audio platform and YouTube channel for weekly episodes brimming with inspiration and entrepreneurial wisdom! Chapters 00:00 - introduction  02:16 - Introduction to this week's guest 12:51 - Younger life 18:43 - When my interest in money-making started 23:54 - Dan's first role as an IFA 28:17 - His formula to be successful in your career 29:55 - The starting of Sovereign Wealth Midlands 40:22 - The worlds wealth percentages

Ready to dive into the world of building legacy wealth through real estate investing? First up, we'll tackle the big question: should you go all-in as a full-time investor or go part-time? We'll weigh the pros and cons so you can make the smartest move for your goals. Then, we're getting into the nitty-gritty of finding those deals. You'll learn the basics of finding opportunities and, more importantly, how to spot a winner from a dud. Trust us, there's more to it than just location! ---If you want to level up, text me at 725-444-5244! Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/---

In this episode, Nate Scott unveils the blueprint for establishing and nurturing generational wealth. He stresses the importance of adopting a mindset focused on long-term wealth over retirement. Nate explains the need to acquire evergreen assets that can endure for generations, such as farmland, real estate, and businesses.  He also explores the significance of trusts in estate planning and advocates for the family office model. Nate suggests leveraging life insurance to create liquidity and facilitate the growth of generational wealth. He then ties these strategies back to biblical principles. Takeaways: Mindset Shift: Prioritize long-term wealth over immediate retirement goals. Invest in Evergreen Assets: Acquire assets like farmland, real estate, and businesses that can be passed down through generations. Utilize Trusts and Family Office Model: Implement trusts and consider adopting the family office model to preserve and expand your estate for future generations. Life Insurance Strategy: Use life insurance to ensure liquidity and support the growth of generational wealth. Episode Resources: Gain FREE access to our Infinite Banking Course here  What is Infinite Banking Who was Nelson Nash?

Retirement planning isn't just about the distant future; it's a strategic move for present financial health. On my podcast, we discussed how business owners can utilize retirement savings vehicles, like 401(k)s and cash balance plans, to save for the future while also reaping tax benefits today. It's a dual-edged sword of immediate tax relief and future security. Each plan has its own merits, but the goal is the same: a comfortable retirement. “When you talk to people that own real estate, a lot of people say, 'You are setting your family up for success.'" What you will learn: Qualified Business Income Deduction (QBI) Real Estate Ownership Rental Income Benefits Generational Wealth and Business Ownership Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal.    Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.  Any strategies discussed may not be suitable for everyone.  Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.  Adam Olson, Representative.  Mutual of Omaha Investor Services is not affiliated with any entity listed herein.  This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties.  Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

Cheers to freedom. Full Episode | EP 43 | Why Doing What the Doctor Ordered is Just What You Need to Build Generational Wealth with Dr. Jeff Anzalone CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Want to learn how to create generational wealth? You know, the type of wealth that your children's children's children's children can rely on. The type of wealth that allows your family to live a life of financial freedom, pursue their passions, and make a real impact on the world without having to sit behind a cubicle or screen all day long? That's the wealth Whitney Elkins-Hutten is teaching you how to build in today's episode. After achieving financial independence for herself and her family through real estate, Whitney knew that she didn't want her knowledge to go to waste. So, she developed a wealth-building blueprint for her daughter, which became her new book, Money for Tomorrow. In it, Whitney teaches you how to build a wealth legacy that will endure for generations to come and ensure that your descendants won't gamble or spend away your life's work. To protect your generational wealth, Whitney walks us through the four financial “horsemen” that will drain your savings, crush you with taxes and fees, and lead you to financial ruin. So, if you want to ensure your wealth is built to last and will be there for generations, stick around for this episode and pick up your copy of Money for Tomorrow using code “MFTPOD” for a special discount!  In This Episode We Cover: The generational wealth-building blueprint that anyone can follow to find financial freedom The four “horsemen” that are coming to take your wealth when you're not looking Using insurance the right way to guard your health, wealth, and assets Why you need to stop focusing on making money and START focusing on saving money How to use the tax code to owe less to the IRS every year The MASSIVE investment fee that you don't even notice you're paying for How to pass on generational wealth to your children, their children, and beyond And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Grab Your Copy of “Money for Tomorrow” Hear Our Last Episode with Whitney Grab the CASHFLOW For Kids Board Game Books Mentioned in the Show Pillars of Wealth by David Greene The Richest Man in Babylon by George S. Clason Tax-Free Wealth by Tom Wheelwright Connect with Whitney: Whitney's BiggerPockets Profile Whitney's Website Whitney's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-889 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

How would you feel if you could be given “THE” Investment Strategy PROVEN to Build Generational Wealth so your legacy lasts well beyond your time here in this world? Well, we've got you covered. Today, we're going to unpack what Morgan Housel, author of The Psychology of Money has proven to be the most important factors to build generational wealth that lasts - AND it does not require taking “home run swings” at investments that promise 20% returns with questionable safety of capital. In this episode we're going to: unpack a Canadian Wealth Secret that is the most important factor when creating your wealth plan;share the biggest risk to the success of your Canadian wealth building journey; and, help you get started implementing this investment strategy that will ultimately lead you to the investment portfolio that will grant you not only financial security you're seeking, but also the time freedom that comes along with it.Resources: My First $100 Million podcast | The Investment Strategy to Build Generational WealthSame as Ever [Book] The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness [Book] Book a Discovery Call with us so we can help you overcome your current struggle and take the next step in your financial journeyFollow Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment. Dig into our Ultimate Investment Book ListDownload our Wealth Building BlueprintInterested in Joint Venture Opportunities?For those interested in being considered for potential Joint Venture (JV) opportunities, reach out to us here.Get in touch with Kyle to review your financial situation through a discovery call. Analysis Paralysis is REAL! You're real estate portfolio will stay empty until you take action.Grab our free training on how to analyze deals and also grab our analyze spreadsheet that does the dirty work for you. Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Episode 533: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Morgan Housel about the psychology of building generational wealth and the one strategy that works better than any 20% return.  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (2:30) Strive for averageness (12:00) Financial anti-goals (14:30) Sam and Morgan argue about money and anxiety (17:30) Biggest psychological trap with money (22:00) The biggest risk no one is talking about (26:00) Worry about what doesn't change (29:00) How to action sameness (32:00) Morgan's history book diet — Links: • Same as Ever - https://tinyurl.com/2zd2u9mt • Psychology of Money - https://tinyurl.com/yc423xct — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Get ready for a life-changing conversation with Jay Dahan, CEO of NextGen Wealthy, as we dissect the role of authenticity in wealth creation. Together, we counter the misconceptions surrounding men and generational wealth. We also talk about our personal experiences with NLP, the empowering tricks it offers, and how it shaped our lives. We also emphasize the role of body language and tonality in communication and encourage you to see failure as a stepping stone to growth - plus a fantastic offer on SNAP supplements you won't want to miss. WHO IS JAY DHAHAN?Over the last decade, spending millions learning from the greatest legends in the world and building his wealth in Real Estate... Jay is now the CEO of NextGen Wealthy, helping entrepreneurs scale and build generational wealth!Timestamps to help you navigate this episode: 0:00 Intro0:21 FREE Self Love & Sweat MONTHLY Calendar4:15 Unleashing Authenticity for Wealth Creation11:31 Sponsor: Snap Supplements 25% OFF using code LUNDEN2527:41 Men and Generational Wealth39:33 Fostering Emotional Intelligence and Healthy RelationshipsConnect with Jay:IG: @jaydhahan YouTube.com/jaydhahanX: @jaydhahanTRAINING WITH JAY: https://www.uncageyourroar.com/trainingSupport the showNEW COURSE: Level Up Your Language & Your Life - How to go from talker to communicator (use code LUNDEN30 for 30% OFF) https://houseofnaba.com/collections/courses/products/level-up-your-language-your-life-how-to-go-from-a-talker-to-a-communicatorFREE Self Love & Sweat Monthly Life Coaching Calendar: http://lifelikelunden.com/calendarOne-On-One Life Coaching & NLP with Lunden:http://lifelikelunden.com/vipConnect with Lunden:IG: @lifelikelundenYouTube: https://youtube.com/lundensouzaLinkedIN: https://www.linkedin.com/in/lundensouza/Twitter: @lifelikelundenUse code LUNDEN25 for 25% off Snap Supplements: https://bit.ly/snapsweatUse code LUNDEN25 for$25 off at Evolve Telemed: https://evolvetelemed.com

Jerome Maldonado has been a self-employed Entrepreneur ince 1993. Inspired by his parents' dedicated work ethic, Jerome has always had a hunger for success and a willingness to do whatever it took to make his vision for his life a reality. Jerome began his career in direct sales, where he was first introduced to team building, sales techniques, and real estate concepts. After years of hard work with minimal return, Jerome hit success - big time. By his mid-20's Jerome moved from making close to nothing to managing his own six-figure business. In 1997, Jerome began to explore business outside the direct sales arena. In 1998, Jerome pioneered a new construction company which he took to seven figures in less than one year. With much success came the need for expansion. Understanding the simple concepts and benefits of leasing real estate, he purchased multi-use retail and commercial property to house his business. Jerome found the traction and confidence that allowed him to do millions upon millions of dollars in residential and commercial real estate transactions and holdings. Throughout his career, Jerome has founded multiple highly successful businesses. In 2003, Jerome Maldonado founded J. Jacob Realty, LLC., which he is still currently the active Qualifying Broker. J. Jacob Realty, LLC was put into place to complement its sister company J. Jacob Enterprises, Inc, which Jerome Maldonado founded in 2000. He is still the active President and CEO of J. Jacob Enterprises, Inc. and the Qualifying Broker for J. Jacob Realty, LLC. Additionally, he is the founder of several other corporations and an investor and equity owner in several diverse companies and industries. Today, Jerome is excited to bring over 20 years of professional experience to the world's business owners and entrepreneurs. He can't wait to share his knowledge to help other hungry people take their lives to the next level. In this episode, Jerome talks about his journey from networking with residual income and creating a business in real estate, building affordable and attainable housing, and multifamily developments. Get access to actual life knowledge and practical steps you can take to get results and success in creating wealth through real estate in the latest episode of The Results Engine podcast.   Connect with Jerome Maldonado Jerome Maldonado Facebook Instagram YouTube Linkedin   Connect with Mike Szczesniak Instagram LinkedIn YouTube

Today's guest is Dave Foster.   Dave is a 1031 Exchange Expert, a degreed accountant, and serial real estate investor. He is also a Qualified Intermediary and consultant who shares his tax saving strategies with investors like you who want to maximize their returns.    Show summary:  In this episode of "How to Scale Commercial Real Estate", host Sam interviews Dave Foster, a 1031 exchange expert. Dave shares his personal experience of using 1031 exchanges to fund his lifestyle, including living on a sailboat for ten years. He explains the four D's of 1031 investing and how they can be used to recession-proof a portfolio.   -------------------------------------------------------------- Intro (00:02:41)   Using 1031 Exchange to Fund Lifestyle (00:04:40)   Nuances of Converting 1031 Property into Primary Residence (00:06:31)   The first d: Defer (00:11:26)   The second d: Diversify (00:12:20)   The third d: Die (00:15:16)   The 37 part YouTube series (00:24:09)   Ways to contact and talk to us directly (00:24:09)   Subscribe and leave a review (00:24:23) -------------------------------------------------------------- Connect with Dave:  Twitter: https://twitter.com/DaveFoster1031   Instagram: https://www.instagram.com/davefoster1031/   Facebook: https://www.facebook.com/DaveFoster1031   Facebook: https://www.facebook.com/the1031investor   LinkedIn: https://www.linkedin.com/in/davefoster1031/   YouTube: https://www.youtube.com/c/The1031Investor   BiggerPockets: https://www.biggerpockets.com/users/davefoster1031   Website: https://www.the1031investor.com/   Book: https://a.co/d/f6rKKzc   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Dave Foster (00:00:00) - But what people don't realize is that it is perfectly fine to periodically convert a 1031 property that has a large amount of deferred tax into your primary residence. And prior to 2008, when you did that and you lived in it the requisite amount of time, you were able to take the entire amount of the primary residence exemption tax free.   Sam Wilson (00:00:31) - Welcome to the how to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Dave Foster is a 1031 exchange expert. He's also a qualified intermediary and consultant who shares his tax saving strategies with investors like you, who want to be in to maximize their returns. Dave, welcome to the show.   Dave Foster (00:00:57) - Sam, it's great to be here again. It's been a while since we got together, man.   Sam Wilson (00:01:03) - It's been since March 16th, 2021 that you've been here on the show. So it's I'm glad glad to have you back on the show today. But maybe for our listeners who haven't gone back to March 16th two and a half years ago and listen to that first episode, there are three questions I ask every guest who comes on the show, so if you don't mind answering them yet again in 90s or less, tell me, where did you start? Where are you now and how did you get there?   Dave Foster (00:01:28) - I started with a huge tax bill from the IRS because my other name is ready.   Dave Foster (00:01:34) - Fire firing. Dave and I bought a duplex in Denver. Fixed it up, sold it. And didn't realize that the 1031 was even allowed. And so ended up paying a huge tax bill. You want to know how that thing still haunts me to this day? Sure. Is that the tax bill would have been about $30,000.30 years ago if I made 10% on my money. For 30 years. What would that look like in my checking account?   Sam Wilson (00:02:05) - I'm going to say 1.2 million. I have no idea.   Dave Foster (00:02:08) - What is it? I refuse to think about it because I want to. It would have been a lot. So that was where I got started, was I discovered that we were going to be able to get to our family's goals quicker by using the tax deferred power of the 1031 exchange. And so that was how we got there. Ten years into that thing, we were able to buy a 53 foot sailboat and move our children on it and raise four boys on a sailboat with tax free dollars from 1031 exchanges.   Dave Foster (00:02:41) - And where I am then, now, today is continuing to reap that and helping other people learn how to do it as well.   Sam Wilson (00:02:49) - So you lived on a 53 foot sailboat? For how long?   Dave Foster (00:02:55) - Ten years.   Sam Wilson (00:02:56) - Wow.   Dave Foster (00:02:57) - Yeah. We raised our four boys on it.   Sam Wilson (00:02:59) - Did you sail around the world?   Dave Foster (00:03:01) - We did not go around the world. But there is so much to see. 50 yards offshore we went. We can find ourselves to Florida. The keys to the Gulf of Mexico and the bombs. And never got to see even a fraction of them. I'm sure there's so much out there.   Sam Wilson (00:03:19) - I'm absolutely sure that that sounds amazing. So would you say that you're a good sailor?   Dave Foster (00:03:26) - Huh? Okay, there is a truism here. Learning to sail is just like learning to golf. It's easy to learn. It's impossible to master.   Sam Wilson (00:03:39) - And now you know why I don't play golf? That. That's a difficult, difficult game. And I imagine sailing is the same. That's not nothing I've ever tried my hand at, but anytime I see it, even on YouTube videos or otherwise, I go, wow, there, looks like there's a lot to know there.   Dave Foster (00:03:56) - Oh, you know what? You're only seeing the final take, right? Right. You're not seeing the 20 takes before that, because it is so true that any docking you walk away from is a great docking. It's a.   Sam Wilson (00:04:09) - Great docking.   Sam Wilson (00:04:12) - Note to self, if I ever decide to live on a sailboat, I'm. I'm going to come calling to you and say, Dave, show me, show me how to do it. You mentioned that while you lived on that sailboat, you use the 1031 exchange to fund that lifestyle. That doesn't make any sense to me. Tell me why I'm wrong. Because in my mind, you take 1031 money and you just roll it over indefinitely. How were you reaping proceeds from 1031 exchanges tax free?   Dave Foster (00:04:40) - Yeah, a couple different ways. That's a great question, because it's one of the most powerful parts of the tax code that nobody knows. So the first one is you want to think about the 1031 exchange as a way to compound your investment capital, because you're getting to reinvest not just your sales proceeds minus tax.   Dave Foster (00:05:02) - You're also getting to. Reinvest for your benefit. The tax dollars you get to defer. So just like in my example, if instead of paying the government $30,000, I get to reinvest that $30,000 at 10%, it's going to double every seven years. And that money that is used to purchase cash flow real estate. And that's always been where my heart is, is to position myself into assets that throw off cash on a regular basis, because then they're doing the work and I'm not. So we had taken our journey from Colorado to Connecticut to Florida, using the 1031 exchange into a fleet of vacation rental properties. And while we were on the boat, those vacation rental properties generated the income for us. Right. So that's the that's the first and easiest way. The reason why the boat was tax free was because we utilized this crossover between section 1031, which is deferral of the tax on investment property, and section 121, which is the sale of your primary residence. Now, when you sell your primary residence, if you've lived in it for two out of the five years prior to sale, you get to take as a couple the first $500,000 right? Profit tax free.   Dave Foster (00:06:31) - And you can do that once every two years. But what people don't realize is that it is perfectly fine to periodically convert a 1031 property that has a large amount of deferred tax into your primary residence. And prior to 2008, when you did that and you lived in it the requisite amount of time, you were able to take the entire amount of the primary residence exemption tax free. So we did that a couple of times in Colorado before we got to Connecticut. And then in Connecticut, we converted a rental property into our primary residence. We came to Florida, did the same thing, and each time we sold, then it was tax free. And that money went to buy the boat. So that's how we got the boat tax free. And then lived our lifestyle of my private clients and the vacation rentals.   Sam Wilson (00:07:34) - So let me just restate what you've said and see if it makes sense to. It just tell me where I'm where I'm getting this wrong. You're rolling over these 1031 properties. You already own one of them.   Sam Wilson (00:07:48) - Say it's a rental property. And you say, all right, I'm going to move into that now. And that's going to become my primary residence. And then two years after living in that primary residence, you say, Bagot, we're going to sell it and head south. You sell that primary residence, and now let's say you've made the maximum amount good for you. You made $500,000. You put that in your pocket tax free now able to go and spend it. And that's it's almost it's almost a a back door exit of a 1031.   Dave Foster (00:08:21) - That's exactly right. Let me tell you the story of a client of mine down on Saint Pete Beach who used 1031 exchange to buy three identical, mean, almost literally identical beachfront condos on the same floor of the same building. And that he retired. And after a period of time he moved into the first one. Now the rules have changed since 2008. You now only get to prorate the game, but as soon as he had lived in that, so that he did for five years, he had lived in it for three years.   Dave Foster (00:09:00) - And then he'd rented it for two years. So we moved into it and lived here for three more years. And then when he sold it, he got to take 60%, 3/5 of the game tax free. He paid tax on the rest of the game. I said, you okay with that? You said, dude, if I was bagging groceries, I'd be paying tax this way. Just go out to my back deck and drink coffee. But where did he move? Next door.   Sam Wilson (00:09:28) - Next door.   Dave Foster (00:09:31) - And now. So the proration is what's powerful because you have to owned the property for five years, but then it's based on how much you've lived in it. So let's say he rents it for two years and losing it for eight, he would get 8/10 80% of the gain tax rate. And then words, you get a move. Enter the next one. Now, you said the great way to do that.   Sam Wilson (00:09:57) - Great way to do it. I love I love the unique strategy. It takes a little bit.   Sam Wilson (00:10:01) - It takes a lot of patience and some planning, I think, to pull something off like that. But you had mentioned the rules have changed since 2008. What are the nuances since zero eight maybe to that and if you've already set them and I just missed them, forgive me.   Dave Foster (00:10:14) - Yeah. Well you used to be able to get the whole game tax free. Got it. Okay. You have to prorate it. That's really the big difference.   Sam Wilson (00:10:20) - That's that's the that's the key. So of the you have to have owned it for at least five years. And only you can prorate the number of years that you actually physically lived in that space.   Dave Foster (00:10:32) - Precisely. Yep. But still, what a great opportunity as you get towards the end. Right. And you're trying to slow down, go more passive.   Sam Wilson (00:10:41) - That's fantastic I love that. Okay. Hey, you went into some nuance and some detail there. I didn't I didn't actually expect and that's kind of what I was hoping for because I think a lot of our investors and listeners understand high level.   Sam Wilson (00:10:56) - 1031 okay. Like maybe it's maybe it's the maybe, you know, whatever the value has to be less or you're buying a bigger property. You, you know, use an intermediary. There's there's all those basic steps to it, I think that a lot of us get. But when you get into things like what you just mentioned, man, that's really powerful. And I had no idea about stuff like that.   Dave Foster (00:11:14) - Right. Well, you want to take a real quick test. Let's see how you do.   Sam Wilson (00:11:18) - Let's see how I do. More than likely now I suddenly retract everything I said about high level understanding, because I think I'm about to get an F.   Dave Foster (00:11:26) - Oh, no, no, you're gonna do awesome on this test. This is a test on what the four D's of 1031 investing are. Now, I'll give you the first one. The first. Steve. 1031 investing is defer. Right? Because anytime you defer, you're starting to calm down your profits. Well, that by itself is the eighth wonder of the world.   Dave Foster (00:11:49) - But you can 1031 exchange anywhere in the country, from any type of real estate to any type of real estate. So if you're going to sell a piece of real estate, no matter where you want to go or what you want to invest in. You do the 1031 and defer. Sure. What do you think the second deal would be?   Sam Wilson (00:12:09) - Defer.   Dave Foster (00:12:10) - Defer.   Sam Wilson (00:12:11) - Uh. Shoot. Defer.   Dave Foster (00:12:15) - I'll give you a hint. Okay. It's deferred.   Sam Wilson (00:12:17) - Oh, okay.   Dave Foster (00:12:20) - Because the 1031 allows you to capture wherever you're adding a real estate cycle. And we may talk about this a little bit in just a minute, but the idea is that real estate cycles cannot be predicted, but they still always follow the same pattern. Appreciation is high and then appreciation stagnates and some other area starts to come on. Think about all those poor people in San Francisco Bay that sold those massively appreciated properties in Silicon Valley, and when invested in the cheap hill country of Texas around Austin, just because they wanted to hang out with you on, they went from an area of high appreciation to a high cash flow.   Dave Foster (00:13:06) - And now, of course, that appreciation has taken off. So everybody in 1031 world is always looking for where the next place is. That isn't yet. So that's the second deed. All right. What do you think the third D is?   Sam Wilson (00:13:24) - I'm going to say defer.   Dave Foster (00:13:26) - Yes. C you're all over this man. And the reason why is that it doesn't just accommodate your movement within a real estate cycle. It accommodates your movement throughout your life cycle as a real estate investor. You could do what are called diversification exchanges, where you sell one and you buy multiple properties to capture maybe your energy level and wanted to force appreciation to get better cash flow on cheaper properties as you start to mature and get tired. You can sell several and consolidate them when you want to start moving into more passive investments. Larger multifamily, triple net commercial, all those types of things where your effort is less. You could also take the opportunity, like we discussed a minute ago, to convert them periodically to your primary residence so that you're capturing turning some of that tax free.   Dave Foster (00:14:31) - And what about moving your portfolio from Ohio to Sarasota, if that's where you want to retire and you want your rentals in your backyard? So that's the third D is it accommodates your life cycle. Okay. For the win. What's the fourth deed.   Sam Wilson (00:14:50) - Dave.   Sam Wilson (00:14:52) - Dave Foster the 1031.   Dave Foster (00:14:55) - Guy answer but you like it. So I'm an experienced the injury of telling you that it's not defer. And unfortunately it's not Dave either. Have no idea. Which is not my favorite answer. But we're all have that way, right?   Sam Wilson (00:15:13) - None of us get out of here alive, right?   Dave Foster (00:15:16) - But here's what happens to your assets when you pass away. Your heirs inherit them and what is called a stepped up basis. So they inherit them as if they paid market value for them on the day you die. So throughout your life, you defer, you defer, you defer. And there's all this deferred tax. When you die, it disappears. You don't pay it. Your estate doesn't pay it. Your heirs get the property tax free.   Dave Foster (00:15:53) - And then they get to start the process over again. It's the greatest generational wealth building opportunity that's out there. Unfortunately, you and I have to die to give it away.   Sam Wilson (00:16:04) - And die to give.   Sam Wilson (00:16:05) - It away. Yeah. You don't get to take it with you. Uh, I think that's a blessing too, though. But no, you think you're right. That's that is. That's amazing. I didn't realize that. There at the end, the stepped up basis.   Dave Foster (00:16:20) - Yeah, I've literally got one family that are now on their third generation investment from Connecticut. The grandfather started doing exchanges with us, and he passed away a few years into it, and his son inherited all of the properties. Don't tax tax free. But then a couple of years later, guess what he was starting to do is up to 31 exchanges. Because those properties it started to appreciate. And then we passed away a couple of years ago. His properties went to his children. And now throughout this boom, they too have started to appreciate and they are now doing their own two, three, one changes.   Dave Foster (00:17:03) - Can you imagine how much tax that is that is come down to them? It's in their pockets tax free.   Sam Wilson (00:17:11) - That's that's incredibly powerful. So what about properties where people borrow money, say you're doing a fix and flip or say that whatever it is, you borrow money in order to improve the property. Let's call it $1 million, and you put in a quarter million dollars in renovations. Then you sell it for 1.5. Let's I mean, I'm just making up numbers. Whatever they are doesn't matter. But how do you and then you owe that money back, obviously, to the people you borrowed money from when that property closes. You're only paying tax, of course on the gain that 250 gain.   Dave Foster (00:17:45) - Yeah, that's exactly right. So the way the IRS accounts for that is that they tell you that if you want to do for all tax, you need to do two things. You need to purchase at least as much real estate as you sold. So in our example that would be the 1.5, right.   Dave Foster (00:18:02) - Secondly, you need to use all of your proceeds from a sale to do that. So you know let's say you borrowed. 750 to buy it, right? Plus the 250 to renovate it. So there's a million, right. So you sold it for $1.52 million. It gets paid back, and you're left with 500,000 in cash and the need to buy at least 1.5 degrees right now, if you want to grow up in size, that's no problem at all, isn't it? You can find a big asset. What if you want to get more when you take those proceeds and you allocate them into down payments on multiple properties? Okay, $250, a couple of different properties or whatever it is that you want to do, and that's how powerful that can be, because the IRS doesn't care how you allocate, as long as at the end of the day, you've purchased at least as much as you sold, and you've used all the proceeds to do it. Now, here's an incredible hack to recession proof your portfolio using this exact principle.   Dave Foster (00:19:14) - Let's say you've got a property for you're selling for 500,000 and there's 200,000 in debt. You sell the property, you've got $300,000 in cash. You could take 250,000, let's say, and go buy the $250,000 property for cash. Right. Take the other 50,000 and go buy the $250,000 property. Using that as a down payment. So you sold what you bought to. But some magical things happen. First of all, you want an asset that's free and clear so you don't have to worry about just keeping the lights on. It's free of mortgage risk. It's free of being taken from you. If the market downturns or whatever, but also all of that equity is trapped in it. So that like right now when we're in 7% interest rate world, you don't have to worry about paying interest while you wait for your next project. Let's say a couple of years from now, interest rates are back down to 3%. You slap a refinance on that. Pull out the bulk of that two hour 50,000. And then go use that to buy your next acquisition target.   Dave Foster (00:20:36) - But meanwhile, it hasn't been costing you anything, but you were still able to defer all the tax of a gain because you use the other 50,000 and used it as leverage to go buy your second property. That's a pretty neat way.   Sam Wilson (00:20:52) - Yeah. That's awesome. That's one thing I didn't realize as well is that you can split those down payments on several properties. Do those. Is there any regulation around? All of those properties being owned inside the same entity or the same name, or does it not matter?   Dave Foster (00:21:14) - Yeah. Actually does. And that's just one of the basic rules of 1031 is that the taxpayer for the property that's being sold has to be the taxpayer for the properties that are purchased. Now, any taxpayer entity could do it to 31 exchange, but it's whatever tax return reports that. Now a lot of people love to practice liability, you know, reduction of that kind of thing. So they like to own their properties at LLCs and at certain state series LLCs where there's a parent LLC that does all its own tax return, and they had children and child LLCs that don't.   Dave Foster (00:21:55) - Those are very common. As long as those children LLCs don't bother no tax return, they're going to be reported on the tax return of the parent LLC and the IRS world. That's the same taxpayer because it's that tax return. So you could sell the one. Buy a property in Dayton, Ohio, free and clear under water, and Ohio LLC and co buy an Alabama property using. Leverage using an Alabama LLC. Both of which are owned by the parent LLC. So plenty of ways to practice liability deferral as well.   Sam Wilson (00:22:37) - Right.   Sam Wilson (00:22:37) - Yeah. That makes that makes a lot of sense. Very, very cool Dave. It's been a pleasure having you come back on the show today. You always give some insightful nuances to the 1031 exchange. I know that you've recently put out a book. Before we sign off here, can you tell our listeners about that book and the best way to get a copy of it?   Dave Foster (00:22:58) - Yeah, it's right out there on Amazon. It's called Lifetime Tax Free Wealth A Real Estate Investors Guide to the exchange.   Dave Foster (00:23:06) - And I love how you catch this. Early on in the show where you talked about the rules and the do's and don'ts. I thought that's what I was writing. But at the end of when looked at when, you know, this is really more of a roadmap for how to strategically reach your life goals using the government's tax dollars. So it's really more strategy and designed to fit your desires than it is just by the numbers one, two, three kind of thing. That kind of fun. We do a lot of case studies in it. People like I was just talking about my story, several others. Because think out there, there's always a way to do this. There's always a way to do it using the government's dollars. And I guarantee you that'll be faster.   Sam Wilson (00:23:55) - I love.   Sam Wilson (00:23:55) - It. Dave, thank you again for coming on the show today. We know how to get your book. Outside of that, what is the best way for our listeners to get in touch with you or your company and learn more about you?   Dave Foster (00:24:05) - Stop by the 1031 investor.com.   Dave Foster (00:24:09) - I've got a 37 part YouTube series talking about all these kinds of things. We've got calculators. We've got ways to contact and talk to us directly, and we get bored if we don't have people visit.   Sam Wilson (00:24:22) - So that's.   Sam Wilson (00:24:23) - Fantastic. The 1031 investor.com. Dave, thank you again for your time today. Certainly appreciate it. Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.    

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch listens while raking the leaves, this is Through the Pines… On this episode we cover BUILDING GENERATIONAL WEALTH   What is Generational Wealth? What are some challenges to building generational wealth? What are three ways to build generational wealth? How to build your generational wealth team?   We cover these topics on this episode of Through The Pines - Building Generational Wealth!   Our Advisors for this episode is planwithbaxter.com   Forbes Best in State Wealth Management Teams For Utah - Advisor Hub Fastest Growing Advisors to Watch under 1 Billion - Receivers of the Ameriprise Client Experience Award -   Financial Advisors: Baxter, Smith & Associates Contact: rex.m.baxter@ampf.com Website: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/   Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia   LIKE our Facebook Page: https://www.facebook.com/pinespodcast Follow our Instagram: https://www.instagram.com/pines_podcast/   Through the Pines  -  Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams.   ****   This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.   Through the Pines Podcast Copyright, The Banyan Collective - 2023

[Rewind Episode] Kevin L. Matthews II is a number-one bestselling author and former financial advisor. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. By 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia. In this episode of Rich by Intention you'll learn: Why investing is important  Practical ways to start investing in the stock market  Investing mistakes to avoid  Connect with Kevin Matthews II: Website: http://www.buildingbread.com/ Instagram: http://www.Instagram.com/BuildingBread Youtube: http://www.buildingbread.com/youtube Connect with us:Instagram: @richbyintention Twitter: @richbyintention Check out our website: Richbyintention.com

We're interrupting this feed of money mishaps with the stories of some successful successors. Get into it! Intergenerational wealth may be a given for the most privileged among us, but holding onto it can be a different task entirely for Black families in America. Our wealth does not just start and end with us; it's connected to a long history of advantages and disadvantages. So, when we inherit it, how do we hold onto it and keep it going for our loved ones to come? We'll hear from two young, Black business owners who've found their own ways of harnessing the power of legacy against history.   Please note, The Dough contains mature themes and may not be appropriate for all listeners.    This series was created in partnership with Flourish Ventures, an early-stage global investment firm backing mission-driven entrepreneurs and industry influencers working toward a fair finance system for all. Learn more at flourishventures.com.   Thank you for listening to The Dough. To help us learn more about what is resonating and how we can keep creating great content, please take our short listener survey at bit.ly/thedoughsurvey   Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia.    Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium.    Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: lemonadamedia.com/sponsors To follow along with a transcript, go to lemonadamedia.com/show/ shortly after the air date.See omnystudio.com/listener for privacy information.

Why your fancy degree isn't enough to make you wealthy. Cheers to freedom. Full Episode | EP 43 | Why Doing What the Doctor Ordered is Just What You Need to Build Generational Wealth with Dr. Jeff Anzalone CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Welcome to an episode that's all about building generational wealth.Imagine setting up your family for financial success, and the best part? It's simpler than you might believe. In this episode, we'll explore  3 simple yet powerful keys to start building generational wealth: Letting go of perfectionism Getting started even if you start smallRevisiting your financial plan regularly and making increases along the way These steps hold the key to securing your family's financial legacy, and in this episode I'll provide you with the details on how to make it happen one step at a time.Hit that play button and join me!Next Steps:✔️ Click Here to learn more about The Wealthy Woman's Academy ✔️Click Here to subscribe to The Wealthy Wednesdays Weekly Newsletter. ✔️ Interested in private coaching? Click Here to schedule a consultation.✔️ Join The Facebook Group:https://www.facebook.com/groups/herlifeandmoney✔️ Visit the Website:https://www.germainefoley.com✔️ Follow Germaine on Instagram:https://www.instagram.com/germainefoleycoaching/

If you only have $1,000 to invest....DON'T want your money tied up longer than 12 months....but want a HIGHER return than a bank CD or money market account...THIS is an episode NOT to MISS!Heather Dreves of Secured Investment Corp joins us from the bustling state of IdahoHere's her bio

Welcome to a captivating episode of Eye On Franchising, where we dive deep into the world of business opportunities and the art of seizing the present. In this edition, we unpack the undeniable benefits of owning a Mosquito Shield franchise. Brace yourself for a whirlwind of insights and revelations as we explore the boundless potential of this low-cost franchise opportunity. Joining us are two remarkable individuals who have revolutionized the franchise industry: Michael Morehouse, the visionary President of Mosquito Shield, and Kelly Macht, the astute Director of Franchise Development. Prepare to be captivated by their stories of triumph and discovery, as they recount their personal journeys into the franchising realm and the remarkable evolution of the Mosquito Shield brand. In this riveting episode, we uncover the profound significance of taking action, seizing opportunities, and embracing the ever-changing landscape of business ownership. Kelly unveils her profound insights gained from purchasing her own franchise, emphasizing the invaluable lessons learned about time and energy investment. Her unwavering goal? To educate and unite with exceptional partners who embody the core values of our brand. Meanwhile, Michael sheds light on the emergence of mosquito control as a burgeoning industry and his remarkable experience in crafting the franchise model for a local Massachusetts company. Discover how these passionate entrepreneurs have transformed Mosquito Shield into a lifestyle brand, offering unparalleled flexibility and the perfect work-life balance. But wait, there's more! Our speakers delve into the franchising aspect of their mosquito control empire, unveiling the extraordinary benefits that franchisees enjoy. Not only do they provide an essential quality of life service to homeowners, but they also reap the rewards of a lucrative business opportunity. The secret lies in the seasonal nature of the business, allowing franchisees to work hard during a specific period and then savor well-deserved downtime. Are you ready to embark on a life-changing journey? Join us as we uncover the secrets of Mosquito Shield's success and the unparalleled benefits of investing in a franchise business within the pest control industry. Discover how adding mosquito control to your repertoire can yield remarkable profits and unparalleled value for homeowners. But hold on, we're not done yet! We unveil the meticulous franchise selection process that ensures only the finest partners join the Mosquito Shield family. Prepare to be astounded as we guide you through an immersive journey of introductory calls, financial scrutiny, and a rigorous validation process. And that's not all – you'll have the chance to connect with current franchisees and gain invaluable insights into the extraordinary experience of running a Mosquito Shield franchise. But that's just the tip of the iceberg! We dive into the importance of compatibility, cultural alignment, and adherence to our proven system. These factors are the key to unlocking unparalleled success as a Mosquito Shield franchisee. Get ready to embark on a journey where fear and nervousness breed determination and profound achievement. Collaboration is the cornerstone of our franchise community, and in this episode, we unravel the power of teamwork and shared knowledge. Discover how new franchisees can tap into the collective wisdom of our community, attending leadership calls, engaging in marketing activities, and embracing the unparalleled support that sets Mosquito Shield apart. But enough talk – let's dive into the nitty-gritty! We unveil the rapid ramp-up time for new owners, allowing you to hit the ground running within a mere four to six weeks. Extensive training and unwavering support from our Home Office ensure your success from day one. With over 350 territories and 145 owners, the sky's the limit for your entrepreneurial journey. And what about marketing? Fear not – we've got you covered! Prepare to be astounded as we unveil our strategic marketing strategy, designed to captivate and convert customers. From prepaying for services in the fall to targeted marketing campaigns and captivating home and garden shows, our marketing support for franchisees is unparalleled. Timing is everything, and in the world of outdoor service businesses like mosquito control, it's the key to unlocking unparalleled success. Discover how we monitor weather patterns and seasonal activities to target potential customers at precisely the right moment. Even in areas like Los Angeles, where mosquitoes may not be commonly associated, our business thrives. But the grand finale awaits! We unveil the awe-inspiring success of our franchisees in the Northeast, particularly in Minnesota. Prepare to be astounded as we unveil record-breaking sales achieved through sheer dedication and a relentless pursuit of excellence. Their triumphs highlight the incredible profitability of offering mosquito control services in regions with a short summer season. The importance of acquiring and retaining loyal customers takes center stage in this episode. We reveal the power of annual payment plans in fostering a committed customer base, boasting an astounding retention rate of 84%. Such loyalty is a testament to the exceptional quality of our services and the unwavering trust our customers place in us. And let's not forget the challenge of finding exceptional employees in the mosquito control industry. But fear not – we've cracked the code! Our higher pay scale compared to similar industries like lawn care attracts a diverse pool of talented technicians. We provide resources and incentives to ensure your hiring success, allowing you to assemble a remarkable team that embodies the Mosquito Shield spirit. So, what are you waiting for? The time for action is now. Don't miss out on this extraordinary opportunity to start your own Mosquito Shield franchise and shape your own destiny. Take the leap, embrace the unknown, and embark on a journey that will redefine your future. Join us in this extraordinary episode of Eye On Franchising, where we unlock the secrets of success, empower your entrepreneurial spirit, and pave the way for a brighter tomorrow. Like, follow, and subscribe to our podcast to ensure you never miss a moment of inspiration and revelation. The future is in your hands – seize it with Mosquito Shield. - Introduction to Mosquito Shield franchise- Guest stories and background in franchising- Benefits of seasonal franchise opportunity- Mosquito control as a lifestyle brand- Adding mosquito control to pest control business- Investment and scaling opportunities- Franchise selection process- Importance of discovery process- Finding the right fit for franchisees- Following a proven system and collaboration- Value of collaboration in franchise business- Quick ramp-up time for new owners- Marketing strategy and support- Identifying target audience and strategic mapping- Timing in marketing for outdoor service business- Success of franchisees in specific regions- Acquiring and retaining loyal customers- Challenge of finding employees in industry- Opportunity for starting a franchise- Building a culture of exclusivity- Conclusion and call to action---Have you heard the news?  We are officially on YouTube.  Come check out a few videos have have and give me a follow!https://www.youtube.com/channel/UCwoAdrkPZmveJt5AQRDk8WA---Lance GraulichFranchise Consulting Services from ION FranchisingEye On Franchising

On Juneteenth we celebrate the end of slavery, acknowledge how much progress still needs to be made, and commit to make that progress. We can't say that we live in an equal world while White Americans hold 84 percent of total U.S. wealth but make up only 60 percent of the population—while Black Americans hold 4 percent of the wealth and make up 13 percent of the population. Closing the racial wealth gap will take more than promotions and raises (although those are important too), it will take investments in multigenerational wealth. To give the roadmap to that wealth, Nicole passes the mic to investing expert and MNN host Dominique Broadway.

The wealth of families often dissipates to zero within a generation or two.  Learn about the Vanderbilt family's downfall and how you can avoid these mistakes. Have an estate plan. I explain the difference between a will and a trust. I introduce you to my friend Michael Manthei.  A regular GRE listener, Michael and his wife bought 55 units within 4 years and acquired $85,000 of annual real estate income. He thinks about generational wealth as: income, taxes and inflation, giving, faith, service, preserving stories, character, physical health, and that your family is a treasure. Learn the difference between inheritance and generational wealth. Today, Michael runs the Elevate Investing Group. His upcoming event, Generational Wealth 2023, is August 18th-19th, 2023 in Lancaster, PA. Register here. I've never heard of an event like this. Multiple generations of one family will tell you how they did it. Resources mentioned: Show Notes: www.GetRichEducation.com/454 Michael's transformational event: Generational Wealth 2023 Build a trust or will fast: TrustAndWill.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:00) - Welcome to G R E. I'm your host, Keith Weinhold. How do you build generational wealth? How do you keep it and how do you pass it on so that it stays within your family for generations? Part of this is today's conversation with A G R E listener that's doing something that I've never heard of anyone else doing today on Get Rich Education.   Speaker 0 (00:00:22) - Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write-offs. As an employee with a high salary, you are devastated by taxes. Lighten your tax burden. With real estate incentives. You can offset your income from a W2 job and from capital gains Freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle, this fund investing real estate projects that make an impact. And you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy Castle on a quarterly basis and the tax benefits are life changing. Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 3 (00:01:31) - You are listening to the show that is created more financial freedom than nearly any show in the world. This is Get Rich Education.   Speaker 0 (00:01:54) - Welcome to GRE from Weehawkin, New Jersey to Weed, California and across 188 nations worldwide. I'm Keith Wein Holden. This is Get Rich Education. Shortly we will hear from a GRE listener that's an engaged real estate investor and is having an unusually large impact on other people with generational wealth. Soil has profound effects on the type of agriculture that's possible and therefore soil has had profound effects on the kinds of societies that have been historically possible going back 12,000 years since the advent of agriculture. So productive and irritable soil is what made real estate valuable. A pattern of farms that are passed down through this same family for generations. Well, that's something that's possible in fertile regions, but not in regions where the soil is exhausted in a few years and has to be abandoned. And a new site found while the first site recovers its fertility.   Speaker 0 (00:02:55) - Whole societies had to move when the land in any given location cannot permanently sustain them. Therefore, cities couldn't even be built or contemplated. So then when you have bad soil, you can't have anything that lasts. And if you can't plant your family's principles, call them seeds in fertile soil, which is my metaphor for having moral and cultural standards, well then you can't build generational wealth either. You won't have anything that lasts very far beyond your one finite life. And as society advanced, we have more historic examples about families that built and have still capped their fortune today after several generations like the Rockefellers or families that have built and squandered their fortune like the Vanderbilts. And how that started is that really the Vanderbilts have been heralded as American royalty. The icons of the Gilded Age and that rich history all started with Cornelius Vanderbilt, Cornelius.   Speaker 0 (00:04:09) - He's the one that started to amass the family fortune from railroads in shipping businesses in the late 18 hundreds. He became the wealthiest person in America in the 1860s and then he went to pass that title down to his son William Henry Vanderbilt. And then he became the wealthiest American during the 1870s and 1880s. But it began to fall apart with William. Yep, just one generation later. The second generation, one generation after the wealth builder Cornelius and then Gloria Vanderbilt was born. Her father had a gambling problem and squandered most of his fortune. There was also overspending on frequent international travel. So Gloria, the granddaughter of the one that started the Fortune Cornelius, she herself would go on to have four sons each from different marriages. One of her four sons is prominent in American society today, and it might surprise you when I reveal his identity shortly by the time of glory, Vanderbilt's passing, okay, her estate had dwindled from $200 million down to just one and a half million dollars.   Speaker 0 (00:05:25) - So from wealthy to almost middle class right there, her New York apartment was bestowed to one of her sons. Two of her other sons remained estranged and only one of her four sons inherited the majority of the estate. And that person is none other than the, I guess, somewhat esteemed broadcast journalist and author Anderson Cooper. So you can see in the Vanderbilt family how that fertile soil broke down culturally and became in fertile to build something that lasts. You need that fertile soil. There's more than just a cultural component to creating generational wealth. I mean, first of all, of course you need to build the wealth in the first place by listening to this show. You're either on your way there or you're already there. And that means they focus on things that most people don't do. It's places, frankly, a lot of people just don't even look or consider like getting lots of smart debt for leverage or being inflation aware, being tax savvy and owning assets that pay you while you hold onto them.   Speaker 0 (00:06:33) - There's also a legal component here. I am not a tax or legal advisor or professional. So just super briefly in one minute and in plain English you need to have an estate plan. Step one is have a will. That is like a letter that you write before you pass away. Really that's all a will is if you have possessions that you want to go to a certain place, even if you're only 20 years old or if you're 80 years old and you have say a car and a little money or pets, then have a will. You can write a rock solid will really cheaply start at a place like trust and will.com. Then after a will understand a revocable trust, that's a special account where you put your assets like money in real estate while you are still alive. And the key to the word revocable is that you can cancel or change it any time you want to.   Speaker 0 (00:07:34) - When you pass away, things go to your beneficiaries, your heirs, without the annoying probate process in court. Okay, that's a revocable trust. And why have a will versus a trust? Well, there are a few reasons, but if you have less than a million dollar net worth though, then that first step, the will, that's probably going to suffice for what you need. But if it's a million plus, then it's more likely the trust. So really there are two main trust types. I touched on the re revocable trust. Now the irrevocable trust, that's something you cannot change once you set it up. It is rigid, not flexible. Well then why would you set up an irrevocable trust if you can't change it? Well, it can protect you from taxes, lawsuits, and creditors in certain situations. So that is the quick one minute on basic estate planning wills and trusts, yes, there is far more to know like beneficiary designations and durable power of attorney.   Speaker 0 (00:08:37) - But look, here's the thing and the motivation for you devoting sometime to estate planning like that. If you die, you can be assured that your family won't squabble over dividing up your assets if you get that in place and you sure don't want that because they're already gonna be broken up about you passing away. You'll want your generational wealth to pass on in a planned way and also wills and trusts. That's the way that your family locates your assets in the first place. Today you'll see how our guests and his wife hit financial freedom when they had $85,000 worth of real estate income and note that that was seven years ago. So therefore on an inflation adjusted basis, that might be say 110 K or 120 K in today's dollars depending on what you think the rural rate of inflation is. And then you'll see how that got him thinking about generational wealth and what he's doing to help others with it.   Speaker 0 (00:09:40) - Like I said, he's doing something with it I've just never heard of before. But first, I hope that you've been enjoying our valuable, don't quit your Daydream letter where lately I sent you that great map that shows where the top job growth states are. That chart comparing your rent increases to your increase in operating expenses, that story about how Phoenix is going to have construction limits due to their declining water supply. And all those stories about how wacky California real estate has become, including State Farm recently halting new insurance policies in the state of California. If you aren't reading our letter, which has a dash of humor, I send it about weekly, then you are missing out. I'd love to have you read it. It is totally free. It's full of real estate investing industry trends and forecasts and broader economic forces that are gonna affect you in the future and more.   Speaker 0 (00:10:38) - And also whenever we have job openings here at G R E as we keep growing, they are announced in the letter as well. And now you can easily sign up for the letter by text. And if you aren't one of the many subscribers growing your means with my letter, you can simply text GRE to 66 8 66 for or don't quit your Daydream letter. Again, it's free and I rate every single word, all the letter myself. I don't think that many founders do that. This letter is written from me to you and you get top investment property news in just a five minute read. You'll get some valuable introductory emails and then after that it's only sent about once a week, not daily. And again, you can sign up by simply texting G r e 2 6 6 8 6 6 for the letter that's GRE 2 6 6 8 66 generational wealth straight ahead. You're listening to Get Rich Education with J W B Real Estate Capital. Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. JW B is ready to help your money make money, and to make it easy for everyday investors, get started@jwbrealestate.com slash g rre. That's JWB real estate.com/g R E   Speaker 0 (00:12:14) - GRE listeners can't stop talking about their service from Ridge Lending Group and MLS 40 2056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plexes. So start your pre-qualification and you can chat with President Chaley Ridge personally. They'll even deliver your custom plan for growing your real estate portfolio. start@ridgelendinggroup.com.   Speaker 4 (00:12:49) - This is Hal Elrod, author of the Miracle Morning and listen to Get Rich Education with Keith Weinhold and don't quit your daydream.   Speaker 0 (00:13:05) - Hey, I would really like you to meet someone today. He and I met last year through our mutual friend Dave Zook and of all things last year we crawled through a cave in the middle of the woods in Lancaster County, Pennsylvania together and I mean Crawled. He is a real leader, he's a professional investor and founder of the Elevate Investing Group. Welcome to G R e Michael Manthei!   Speaker 5 - Michael Manthei (00:13:29) - Keith, thank you for having me been a longtime fan of you and the show and the worldwide impact you've had. So honored to be here   Speaker 0 (00:13:36) - In your bio, you haven't yet added that you're an amateur caver or spelunker as it is   Speaker 5 (00:13:42) - One attempt at S Splunking. I'm not sure if I can put it in the bio yet, but uh, maybe after a second round .   Speaker 0 (00:13:48) - Well Michael, you have done though what most everyone wants, which is actually not spelunking. You have achieved financial freedom in your early thirties and you're much older than that now. You've now got more than a decade of experience in syndications property management and you have over $200 million worth in real estate acquisition. So talk to us about how you obtained financial freedom after less than four years of investing.   Speaker 5 (00:14:17) - I feel like it could be, uh, you know, almost an infomercial with how it's gone. You know, I read Rich Dad Poor Dad and that completely changed my world growing up. I wasn't around wealthy people to know how they thought or what they did with their money or how they got there. So to get a glimpse through the book, rich Dad Poor Dadd changed my life and I set a similar goal as Robert had in the book of buying two properties a year. So after 10 years I figured I'd have 20 properties if everything went well, but could never have expected that. Yeah, like you said, within four years we bought 55 units, had enough passive income to retire. It went a lot faster than I thought, but incredibly grateful. We started with a single family house. I was completely broke when I got married.   Speaker 5 (00:15:08) - I was actually a missionary for seven years coming off the mission field, not a dollar to my name. Married my wife who had saved a lot of money for me at the time was $25,000 is what she came into our marriage with. And so I was broke. She had 25,000 and that's how we bought our first rental, which was interesting to work through that process with her, you know, using her life savings to buy the first rental when we were still rent a house. You know, she thought she'd save this for her first house and I said, Hey, how about instead of us buying a house for ourselves, let's buy a house for someone else and start this journey to financial freedom. From there we bought another single family house, then we bought a 10 unit property and with that 10 unit property I bought it cash with a hard money loan.   Speaker 5 (00:15:56) - When I went to the bank to go to permanent financing, it appraised for 150,000 more than we bought it for. And so we got all the money back plus a line of credit of $75,000 that then opened us to keep buying. But Keith, the real advantage of that deal was it unlocked my mind to say I don't have to be limited by my own capital. I had no money in that deal and I thought we were gonna be limited by our own capital the whole way, you know, save up 20% down payment. This deal happened in such a way that it kind of unlocked this infinite return concept. And so from there it was kind of off to the raises. Once the creativity was set free from that point, including that 10 unit, we bought 50 units in less than two years and achieved our goal of financial freedom.   Speaker 0 (00:16:46) - That is really fast. And I note that at that point with the 55 units, you had a million dollar net worth and those assets generated $85,000 in annual cash flow. But dropping back thinking philosophically the book that introduced me to the concept that I didn't wanna believe for a moment or at least it was one of the Robert Kiosaki books and that is being wealthy is a choice. I actually didn't believe that. And you are being very intentional with the out-of-the-box choices that you're making and you and your wife Kristen, much like me, when I started, I didn't have much of my own money either. I started with that three and a half percent down payment on a fourplex. So then really the impetus often for using other people's money is because you have to because you don't have much of your own money.   Speaker 5 (00:17:33) - Yeah. And that's part of, you know, creating the grit. It can be a a blessing to those of us that wanna learn and grow to not have a lot handed to us because the confidence that it brings to be able to figure stuff out and get creative. And what I love is, and what I hope my story helps provide to your audience is when you see somebody else that's done it or hear stories of real people that have done it, it just unlocks the capability inside to say, Hey, that guy doesn't look that special. I think I could walk down some of the same road. So totally agree that it's, it's a philosophical shift and for me the big one was buy cash flowing assets. That kind of became my mantra that all my work, all my effort, all my energy went into acquiring cash flow producing assets and that simple concept just opened a whole new world,   Speaker 0 (00:18:26) - Real assets produce real income. So you began with, it sounds like a rental single family home and then shortly thereafter this 10 unit apartment building that sounded like that was the real pivot point for you. It allowed you to get creative that just gave you that much more room, that much more leverage. Had that been a duplex and it appraised overvalue or probably wouldn't have appraised 150 K overvalue like a 10 plex did. So tell us more about the options that gave you in growing this fast.   Speaker 5 (00:18:55) - The reason I was looking for a larger building is cuz my wife had gotten pregnant. She was working part-time during that portion of her life and I just had it in my heart. You know, she had wanted to stay at home with our kids once we started having kids. So she's pregnant, I'm thinking let's go find an asset that would replace her part-time income. So I was looking for smaller things honestly. I was like, well maybe if I buy a couple duplexes or a couple triplexes and then this 10 unit came on the market, but I'd had some issues with this seller on a previous purchase that we were trying to work towards and they just seemed a little bit squirrely. So I said, you know what, I want to give the most airtight offer that I can. So I talked to a hard money lender, said, Hey, I'm gonna offer all cash, no contingencies.   Speaker 5 (00:19:43) - So it was a big risk. I mean we're buying 10 units, we only had two at the time, so it felt like this huge stretch didn't have, you know, the money to do it ourselves. So got the hard money loan. But then when we took it to the bank and they gave us the appraisals, like oh my goodness. So not only did they pay off the hard money loan and give us a $75,000 line of credit, they also gave us like maybe 10, $15,000 that we, you know, put in our bank account. But then we could use that 75,000 to go put down payments on other properties and go buy other properties cash and then refinance out of 'em. So it really just, it changed everything. It unlocked everything for us.   Speaker 0 (00:20:19) - If you were going all cash, why did you need the hard money loan?   Speaker 5 (00:20:23) - The hard money loan. Once I secured that, I could offer all cash to I see the seller. So I gave 'em a cash contract because I had the cash lined up with the hard money lender.   Speaker 0 (00:20:34) - So it was about that deal making using your intuition when one seems squirrely. So that really leveraged things for you there in order to grow that faster as you're going through this process, as you're building this portfolio. Okay, now you've got 55 units, which does give you enough cash flow, $85,000 a year for most people to declare financial freedom. The interesting thing is you had the million dollar net worth at that time. Most people with a million dollar net worth are really only about middle class because they don't have residual cash flow. So net worth matters, but it's not as important as your passive income. You had the 80 5K of residual income accompanying that million dollar net worth and that's what makes the difference.   Speaker 5 (00:21:23) - Yeah, it goes back to the cash flow producing assets. All my effort was focused on acquiring those assets that would pay me the rest of my life. Never flipped anything, have a lot of friends that do flipping and I didn't want to get addicted to that big payout. You know, I take one single family house and maybe I make 20, 30, 40, 50,000 on it. I felt like I was gonna get addicted to that. Whereas for us, the first house that we bought, Keith, like $200 a month of cash flow, it's like this feels like it's doing next to nothing. But I said, you know what, I have a long-term goal here. The only way to get there is one property at a time, one step at a time. You eat the elephant one bite at a time. And so I said, let me continue making steps towards my goal and it snowballed faster than I expected. But again, cash flow producing assets,   Speaker 0 (00:22:12) - Find that first property with say, $200 in monthly cash flow. That doesn't change really anything in your financial life, but it changes your mindset. It's a pretty incredible moment. Like ta-da when that $200 shows up month in and month out with little or none of your own effort at all. That's really where it starts. You talk about retiring shortly after this time and you had a major philosophical shift then when you retired at just age 33. So tell us about that.   Speaker 5 (00:22:42) - I thought retirement was the goal. You know, I read in four hour work week and other, you know, books like that and it's like inactivity is the goal and I'm ashamed to say that I bought into that and you know, I can't wait till I do nothing. So once we got there, literally within a week I was bored. I'd worked like crazy to get to that point. I was working, you know, 50, 60 hours a week at my normal job plus buying and self-managing, you know, up to 50 units on the side. So it was a lot of work and I needed some time to rest. But after a week of rest, all my energy came back and I said, this feels wrong. I just had this sense. I have not been created to go through the rest of my life from 33 on in my easy chair.   Speaker 5 (00:23:27) - I wasn't expecting that at all. It, it hit me by surprise. And so I realized that that goal of financial freedom was a great motivator, but very empty once we got there. We recalibrated, my wife and I, you know, a lot of time in prayer talking with each other. It was a new experience to think we can do anything we want now. You know, our decision on what we do next is doesn't need to be dependent on how to pay our bills. Simple lifestyle, 85,000 a year covers us, but as we considered it, realized absolutely love what I'm doing, but this would be so much more fulfilling if we did it in relationship, became a part of other people's story, helped them on their journey, invest together, build a community and get to know people, build long-term relationships. So that was the major shift and uh, it's been seven years since then, so I appreciate that. Uh, you said I'm not much older than 33, uh,  40, which I guess isn't too far out, but we've had a lot more fulfillment in the last seven years as we've been a part of other people's journey.   Speaker 0 (00:24:30) - So that was really the turning 0.7 years ago at age 33 where you're like, we did what we have to do now we get to do what we want to do. Yeah, you're a man that serves. So basically to that point you had been serving society with good housing and now you can pivot to serving investors.   Speaker 5 (00:24:48) - Yeah, and really to me, service is life. The Bible talks about if you want to receive, give and you'll receive. So I've never focused on how do I receive, how do I get more. For me it's simple. I try to simplify things. What is the one input that I can focus on that then will knock down the rest of the Dominos? So it's give. And so I've looked at how can I serve, how can I give? And that's been my focus and that has opened up tremendous, uh, doors of opportunity. So seven years ago a mutual friend with Dave Zuck and he's doing these syndications and I was like, Dave, I wanna learn this, I wanna do this. So he introduced me to the guys that taught him and we started doing larger deals and, and Keith, I started on the smaller end. The first two deals that I put together as syndications were both 11 unit apartment buildings.   Speaker 5 (00:25:41) - And I'd already bought 10 units and 11 units and 12 unit buildings myself at that point. And I didn't need other people's capital to buy those, that point of our journey. But the goal had shifted from before that it was, how can I maximize my profit on these real estate deals, you know, maximize my cash flow, maximize my profit, and it switched to how can I give people a great experience with me? And so to me you can't give without it coming back. So in one sense I gave away more equity than I would've needed to, to have some investors and partners come along the journey with me. But I knew that if I gave them a good experience and learned this business, that that would snowball into a scale that we would never have been able to touch outside of that, which is exactly what's happened.   Speaker 0 (00:26:32) - It's interesting that you mentioned 11 unit apartment buildings because I have owned some of those myself. Oftentimes that's a zone I've operated in kind of these mid-sized apartment buildings. Things that are, are a million and a half dollars in value or below because oftentimes the big boys don't play there. But now you learn how to be a go-giver, that's become part of who you are and that's how you could go bigger with larger apartment buildings in making those opportunities available to investors.   Speaker 5 (00:27:00) - Yeah, it's really hard to take on investors at a smaller level. So when the, the focus shifted to how can I be a part of people's journeys and make long-term relationships with people, the answer is to scale up. And so, you know, we've scaled from there to now we own over 2000 apartments, uh, with our investor group and me serving them as a general partner.   Speaker 0 (00:27:21) - Congratulations. One of the first things that struck me about you when I met you is really your holistic vision of what wealth is. Finances are obviously part of that, but only one piece of the pie and you often champion generational wealth. Tell us about how you think of total wealth and generational wealth.   Speaker 5 (00:27:42) - I have three kids now. Uh, they are the greatest gifts in my wife and i's life. And when you have kids and you have people that you pour into, you start thinking about how can you improve their lives and how can you build something that outlives you? So this generational wealth concept has been, I would almost say consuming me. I mean it's just how I filter everything that I do. Where you set your strategy, tells you what your tactics are gonna be. So if you're making short-term decisions, you can do things that work short-term. They don't necessarily need to work long-term. But I said, what's the most successful patterns that I see in the world of wealth, in the world of impact? And it's these family dynasties that grow, preserve and pass on wealth from generation to generation. And so for me, there's a few things that go into that.   Speaker 5 (00:28:40) - It's obviously the financial wealth that's a big piece of it. You need, if you're gonna talk about generational wealth, you're talking about a substantial amount of money that gets passed from one generation to the next in in such a way that it can be carried on by that next generation. But we've all seen examples where just giving the money is not a total solution. And so really focusing on the relationships around you and the people and your family. I'm a fan of making your wife the greatest treasure your spouse, you know, for our ladies out there, your significant other, make them the greatest treasure that you have on earth. I look at my wife as my greatest treasure. I look at our kids as our greatest treasure. My kids right now are eight, six, and two and we train them from day one to think of themselves as kings and queens.   Speaker 5 (00:29:32) - I started with two daughters and then my third born is, is a little boy. So he's our little king. But there's this princess culture. All the little girls are princesses. Yeah. And when we grow up we sometimes hear what we heard as a kid in first person. Sometimes people still have those tapes that play and what's a princess? I mean entitled. Yeah, you're royalty but you don't have any responsibility ever since day one. I was like, you're not princesses, you are queens, you're powerful, but you have responsibility. You have resources but you have an obligation to use that to serve the people around you. God made you beautiful. So let's be accepting of every single person that we see, whether they are beautiful or not on the outside the resources that we have. I feel like we are to be a steward of it's never given to us, to prop us up and make others serve us.   Speaker 5 (00:30:25) - For me, my resources is a responsibility to serve others with what I've been given. So pouring into the kids spiritual wealth, which we talked earlier about the Jewish people and how they're the highest net worth per capita people group. Yeah, you look at the rich spiritual history that they passed down for thousands of years from generation to generation to generation. And so in our family, you know the stories of faith, the stories of courage, the stories of high character, I have those in my family that I'm passing down and we're creating new stories that we're passing down. And then the final one for me here on the generational wealth kind of holistic topic is one that you and I um, have some commonality with. And just physical health. If you're not taking care of your body, that is a major hindrance to long-term wealth. You know, your income generating capacity grows as you get older.   Speaker 5 (00:31:21) - We have this retirement mindset in a lot of our country, which I bought into, you know, in my thirties. I don't think it's as helpful as we may think it is if we want to continue to serve others. Our capacity to serve continues to go up throughout our lifetime as long as we're maintain faculty. And so to continue serving, generating wealth throughout our life, lasting as long as we can, putting things in place for the next generation. I wanna be around for a long time. I know you do too. And uh, it starts with taking care of ourselves.   Speaker 0 (00:31:54) - If I do invest well I'm sure gonna wanna be healthy enough to enjoy all of that. So it's really a symbiotic relationship. And you host an event. This year's theme is generational wealth. We're gonna learn about that in just a moment. But why don't you tell us just as a teaser, how does one prevent their generational wealth from getting frittered away? We know that often happens and the generational wealth doesn't really become generational wealth cuz often it doesn't last beyond one or two generations. The Rockefellers are a good example of what to do and keep wealth generational for example. But how do we prevent our wealth from being frittered away? Cuz there's a difference obviously between an inheritance and generational wealth   Speaker 5 (00:32:37) - Just practically for a moment for people that, um, are listening. Number one, you need to learn how money works and you need to get your wealth into assets and protect it from inflation and taxes. You know, those are the two biggest thiefs. So that's number one is, is you need to safeguard your money. Then once you have the wealth built and protected, it's really about passing on the character. That's really what it all comes down to because if you hand an ill-prepared heir a bunch of money, that is typically the worst thing that you can do for 'em. So it's passing on the character and instilling that and developing that in your heirs. There's different strategies for this, you know, you can recording the stories, some of the origin stories of grit, of resolve, of sticking with something until it is successful. Those stories inspire the next generations.   Speaker 5 (00:33:32) - Maybe they don't have the need for the same level of grit, but they can understand the diligence that is required to create and steward the wealth. So recording the stories people do family conferences where you know, if you're a wealth creator for your family, fly everybody in and have some meetings, you know, do it in a fun place, have some fun connected to it. You can have sessions where you're teaching the next generation about how to steward that wealth. You're giving not only the wealth but you're giving the mindsets and the tools of how to create and steward that. So again, goes back to character and the internal wealth that is needed to steward the external wealth, the the physical wealth, the capital and assets and everything.   Speaker 0 (00:34:23) - Oh yeah, that's some really helpful actionable stuff there. If you want to have what most people don't have, you need to be willing to do what most people won't do. Like perhaps these extended family get togethers and yes, that is important stewarding generational wealth. You can watch a a 30 minute video and learn something about taxes or inflation, but character can't so easily be taught. And this is part of what you are talking about at your upcoming event, generational Wealth 2023 in Lancaster, Pennsylvania. Tell us about it.   Speaker 5 (00:34:56) - This is our third year of doing, uh, this event. It really strikes a chord with our folks because typically the people that come to our events, they've bought the concept that wealth is not merely an external pursuit and if you don't have the internal wealth to go alongside of it, it ends up being pretty empty. So generational wealth, it's getting people together that have created and stewarded that and then sharing some of the real life stories. Dave Zuck is gonna be a speaker. He's uh, second generation in their family business now. Dave has a bunch of other, you know, businesses with their, his syndication and incredible money manager that he is. But this year his father actually has agreed to talk with us about how he started the family company. So I'm gonna interview him then I'm gonna bring up the four boys, Dave and his three brothers and what it's like taking the business from one level to another, successfully managing that in the second generation and growing it and how they're now passing it along to their children and preparing them to step into leadership.   Speaker 5 (00:36:00) - So I have a couple large businesses that are multi-generation that are gonna share like this also have Mitzi Perdue, I don't know if you've ever gotten a chance to know her. She was the daughter of the man that started uh, the Sheraton Hotels. So grew up in that family dynasty and then married Frank Perdue who created Purdue Chicken and today has, you know, 20,000 some employees. So she's seen from a couple different angles, family dynamics and family wealth that goes generation to generation and she's just a wonderful lady. Such a heart for other people and so full of life. I think she's in her eighties, she's a teenager, she's just so full of life. So she's coming, have a lot of amazing speakers and attendees that fly in from around the country. Last year we had about 350 people excited to see who shows up this year.   Speaker 0 (00:36:49) - See, this is why I wanted to talk about this event because I have attended so many in-person real estate events and masterminds and general investing events. And rarely, if ever do I see multiple generations come up on the stage at the same time to talk about how to do this the right way. Generationally, very few people in events just really think this long term. So I have to congratulate you in advance for putting this together. It's August 18th and 19th and again it is in Lancaster, Pennsylvania. Do you have any last thoughts Michael?   Speaker 5 (00:37:22) - So if people want to go to invest elevate.com, that would be a spot to check us out.   Speaker 0 (00:37:28) - I'm highly confident the future generations of your family will know you for more than crawling through a rural Lancaster County Pennsylvania cave.   Speaker 5 (00:37:36) - Yeah, hopefully my legacy includes more than our cave, uh, adventure, even though that was a blast. Last thoughts Keith. I just wanna encourage people to step out into what they feel in their heart to pursue. You know, it takes faith, it takes risk, but it's absolutely achievable. And so I hope my story has provided some encouragement to folks and if any of your people want to come to our event, we would welcome 'em with open arms. So thank you for today, Keith.   Speaker 0 (00:38:02) - It's a unique event in my experience. It's been great having you on the show.   Speaker 0 (00:38:12) - Yeah, as I've gotten to know Michael, he is a real go-giver now. He and his wife began with a single family rental home while they were still renters. Yeah, they owned that rental property before they even had a primary residence. I know a lot of successful people that have done just that. And then it sounded like for him, his third property, a 10 plex, that was the real pivot point. Of course, my pivot point was that very first purchase a fourplex. So for each one of us, the pivot point really came when we felt like we had massive access to other people's money. And you might feel like you have massive access to other people's money with just a 75 or 80% loan on a single family rental or duplex. If that's where you're starting, you don't need Rockefeller or Vanderbilt fortunes to get this going there at Invest Elevate.   Speaker 0 (00:39:04) - The interesting thing about their generational wealth event two months from now is how, from talking to Michael, he's actually not super motivated to have speakers there that are the most well-known names and Polish speakers, even if he has the chance to get them. Now you are gonna find some of those there, but he's interested in real stories, real people, and making a real impact with speakers that don't have some big marketing or sales agenda. And some conference attendees just want to meet the biggest names and get an Instagram selfie with them. And there's nothing wrong with that. You might even do some of that here, but he values real connection in meaning. And yeah, I've never heard of anyone else getting multiple generations of the same families on stage as he interviews them, including people that aren't used to speaking to an in-person audience of a few hundred people. Besides the generational component, you're also going to learn a lot about investing and meet a bunch of genuine, authentic people. That's the environment that he's creating. Gratitude to. Michael Manti Today it is Generational Wealth 2023 in Lancaster, Pennsylvania, August 18th and 19th. Check out invest elevate.com. Until next week, I'm your host Keith. We hold. Don't quit your day. Adrian   Speaker 1 (00:40:26) - Mother   Speaker 6 (00:40:27) - On this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education L L C exclusively.   Speaker 0 (00:40:55) - The preceding program was brought to you by your home for Wealth building. Get rich education.com.

Do you struggle with managing your finances because you're busy thinking of building wealth for your future and your future generations? Do you feel like a little reluctant about saving for your retirement as an entrepreneur? In today's episode, I share how you build generational wealth for the next generation, even the behind-the-scenes look at how I do it! If you're tired of waking up to the fact of not having generational wealth and having to kind of start from scratch, make sure you listen to this episode!   If you're serious about mastering your money, I invite you to download my Financial Freedom Formula, a FREE video where I break down the mindset that you need to create financial freedom in your life: https://bit.ly/3WsMIxZ   Join my free upcoming Masterclass all about how to consistently get clients: https://bit.ly/3IB3mpg   Want my help to grow your business? Book a free strategy session now: https://bit.ly/3orLkz4   Need to build your brand from scratch? Click here to apply to my new program: https://bit.ly/3q5Xuhv   Mentioned in this episode: Business is Personal: The Truth About What it Takes to Be Successful While Staying True to Yourself by Bethenny Frankel: https://amzn.to/3MeGg97   Related Episodes: 159 Family Business - How to Run Your Family Finances Like a Corporation: iTunes: https://podcasts.apple.com/us/podcast/159-family-business-how-to-run-your-family-finances/id1264659520?i=1000607320516 Spotify: https://open.spotify.com/episode/4iyIAAijmlA02xFibcDa6w?si=405a51e1760a4872   100 FIRE'd Up: How I'm Getting Started with "Financial Independence Retire Early" (FIRE): iTunes: https://podcasts.apple.com/us/podcast/100-fired-up-how-im-getting-started-financial-independence/id1264659520?i=1000463368835 Spotify: https://open.spotify.com/episode/6U3UlSxRUcUdMjajDBBE1W?si=GuQqylaMSJ2S26N2q2SsHg   Want to know the system I used to rapidly grow my business and quit my job? Find out more here: https://bit.ly/3IB3mpg   Follow me on Instagram! https://www.instagram.com/courtneylsanders/ Subscribe on my Youtube channel: http://youtube.com/courtneylsanders