Podcasts about millionaire mind

  • 353PODCASTS
  • 1,061EPISODES
  • 27mAVG DURATION
  • 5WEEKLY NEW EPISODES
  • Nov 21, 2022LATEST

POPULARITY

20152016201720182019202020212022

Categories



Best podcasts about millionaire mind

Latest podcast episodes about millionaire mind

Growth Experts with Dennis Brown
GE Ep 317 [2021] - How to Get Featured in the Media w/ Christina Nicholson

Growth Experts with Dennis Brown

Play Episode Listen Later Nov 21, 2022 26:01


Christina Nicholson is the Founder and CEO of Media Maven, a boutique public relations and content creation agency. After seeing countless bad pitches in her career as a TV anchor and reporter, she decided to create an agency to help business owners grow by earning media coverage without spending a lot on advertising. Last year, she launched Podcast Clout, which is a software that saves PR agencies time in building targeted pitch lists to land clients more podcast interviews. Christina's here to teach you how to create your first media pitch so that you can get featured in the media, whether that be in a podcast or a local or national television network. Tune in to learn why landing podcast interviews is one of the best ways to get publicity and grow your brand, as well as what entrepreneurs need to know about modern publicity. Plus, you'll learn what the best platform is for building relationships with journalists and other members of the media. During this interview, we discuss: 2:32 – Why Christina decided to pivot from reporting to public relations 3:50 – How PR has changed over the years + About Media Maven's mentoring program 5:43 – Why podcasts are a great place to get publicity + About Podcast Clout software 8:53 – Step by Step: How to successfully create your first media pitch 22:50 – The exact pitch Christina sent to get on Smart Passive Income Podcast for the first time 23:43 – Christina's favorite growth tool 24:12 – Her most recommended book 24:54 – How to connect with Christina Plus, a whole lot more! Resources: Media Maven The Media Mentoring Program Podcast Clout Listen to Media Maven's Podcast Christina's Pitch to Smart Passive Income Google Calendar Secrets of the Millionaire Mind by T. Harv Eker Follow Christina on Instagram Follow her on Twitter ————————- If you enjoyed this episode, please RATE / REVIEW and SUBSCRIBE to ensure you never miss an episode. Connect with Dennis Brown  AskDennisBrown.com LinkedIn Twitter Instagram [Free Giveaways]

The Remote Real Estate Investor
The largest risk that one has is being an employee, with Neil Timmons

The Remote Real Estate Investor

Play Episode Listen Later Nov 19, 2022 27:18


Being only an employee leaves you vulnerable to the ups and downs of the market. Real estate investing is one powerful defense against job loss and economic downturns. In this episode, Neil Timmons provides insight into the real estate business and shares his experience with overcoming economic adversity to secure a robust financial position. Neil Timmins is the CEO of Legacy Impact Partners, where they invest in real estate opportunities ranging from houses and apartments to industrial and medical offices. In 2021 Neil published his first book, Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn. The book is tailored to helping real estate investors find and retain top talent through the strategic systemization of hiring. Neil also hosts his own podcast, “Real Grit” where he pulls back the curtain on real estate investing through interviews with industry titans. “Real Grit” provides listeners with the tools they need to secure their lasting real estate legacy!   Episode Links: https://legacyimpactpartners.com/ https://legacyimpactpartners.com/podcast/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have Neil Timmins, who is an author, a podcast host, entrepreneur, real estate investor and he's gonna be talking to us about going from an agent and employee to building a significant business in the real estate space and what it takes to do so. So let's get into it.   Neil Timmons what is going on, man, welcome to the podcast. Thanks so much for taking the time to come hang out with me today.   Neil: Good. It's so good to see you again. I appreciate the invite. Looking forward to this for some time now.   Michael: No, likewise, the pleasure is mine. I'm super excited. So you and I of course know each other. We were chatting offline just before we hit record. But for anyone who doesn't know Neil Timmins, give us the background quick and dirty. Who you are, where you come from, and what is it you're doing real estate.   Neil: High level out of Des Moines, Iowa, born and raised, started as a residential real estate agent built a built a brokerage there on to REMAX for a number of years was a top REMAX guy with my 20s and then eventually found my way stumbled into investing worked my way through single family investing, we still do a little today but morphed into commercial investing. And that's a primary focus today.   Michael: Love it and I hear this this theme so often with agents start as an agent, got my teeth cut, then went into the investment side. My guess if you're a top performing agent, in your local market, you're making a lot more money on an annual basis than you would if you're investing. So why did you make that transition? Why'd you make that jump?   Neil: Yeah, no good question. Well, the not so fun story is I was probably 31 ish at the time. Maybe 32, I came home one day to my wife of a decade in our three little kids, all about five or younger, and my wife had them all packed up and said she was leaving, leaving for good. I had spent the better part of seven years or so working like a dog every day of the week, I worked. My second year in real estate, it worked 355 days. So that business was built, ultimately, you know, I was able to put his team in place and that business, but it largely was built on my back and my effort and so it was at that point that, you know, I had an ultimatum and I begged and pleaded with her to go, you gotta give me give me an opportunity. I understand. So give me an opportunity. She did thank God. 45 days later, I sold my REMAX and took a whole bunch of time off to decide, well, how am I going to how am I going to do this? How am I going to make a living in contribute because I like doing what I was doing and not the not to the degree in which I did it. But I enjoyed real estate a lot, right? The people, all the fun things around it. So it took some time off to evaluate things and then ultimately plugged back in largely on the investment side.   Michael: And today you own a business around the real estate investing space. Tell us about that.   Neil: Yeah. So I own a couple of things. On the on the investment side of things. We're primarily focused on commercial investing, right, we buy by multiple asset classes, you're on a primary ladder, Des Moines, Iowa, we still do fix and flip in the office. Although I'm not largely involved, we've got a nice little machine that runs that really good. Contractor base in place, literally same contractor. Don't quote me on how many but we've done probably nearly 200 with the same exact crew. So it makes running things and the efficiencies there of all awfully simple. I love talking to people going you know what I don't like flipping because then I gotta go pick the carpet, I gotta pick the paint whatever else I'm like, What do you mean, you have to do that we picked it once. It's the same carpets, the same paint, same countertops, the same appliance, nothing, nothing changes. You're not doing a whole block of these things. It's not like anybody notices. You just pick it once yeah and so then also, I run an education business, which we launched this year, which has been very well received from folks who want to make that bridge want to leap into commercial real estate and, you know, figure it out either how to do their first deal or how to do their next deal.   Michael: And I'm curious, Neil, because I also come from the education space, and the folks that you're working with, are they the DIYers or are they the folks that have heard of commercial and want to get exposure to it in some form or another are a mix of the two?   Neil: Yeah, no, it's really DIYers. Yeah, that's not largely the passive investors, if you will, it's people who are active in real estate like, like using… if you will, you know, in my career was it just laid out you know, as well cradle to grave if you will, coming through I'd like if you were to go, how should someone progress? Although most don't do that, you know, they end up in one thing and often stick there, but I kind of work my way through that. Is this constant evolution of how do we elevate oneself and one skill set to take it to a to a new level and that's where these folks are they know they've done, they've done single family, they've largely been exposed to it, maybe they've been exposed a little commercial, but just haven't gotten to the results. They haven't they haven't been on a foundation, a legacy had been on a foundation of financial freedom and, you know, arguably, in mice that that commercial gets you there faster and easier.   Michael: And within commercial because it is such a diverse asset class and really name where do you see folks going that are having the most success?   Neil: Oh, good question there. You know, we bring people in, and we do a lot of things from a training standpoint, want to be in an asset class exercise to go alright, well, fill this little asset class matrix out, we have my hand if answer a handful of questions to go, you know, do you resonate better? Would you rather work with people or businesses, and we just bring them through a series of questions, and that lines it up to go well, top to bottom ranked, we focus on six level six largest asset classes, there's top to the bottom, here's what here's what it looks like and then my encouragement from there is, Listen, if number two resonates a whole lot better with you than number one on that list, that's what you should do, because it's just easier and you know, this, if we were to go work on something you can get passionate about, it's a whole lot simpler, then put a little more effort into it and something you're just like, huh, maybe?   Michael: Totally, totally and, you know, I'm curious, so many folks, I think can go invest in single family on the side as a project as a test as an experiment, the DIYers that are doing commercial real estate, are they doing it on the side? Are they really jumping in with both feet, kind of like you did, and making this their full time gig?   Neil: Yep, great question most are doing on the side, most are either stacking it on to their single family business or, you know, if they've got a day job and several folks do is they're doing this, you know, in the evenings, nights and weekends, side hustle, if you will and you think about you know, from makeup, a number of you were to go market to single family or markets or commercial just by being in commercial, the number of available prospects has been largely diminished. It's a much more manageable group of makeup, an asset class, let's say self-storage, you're going to go market self-storage is in your county, well, in comparison to houses, it is a mere fraction. So your ability to call text or you know, mail somebody or connect with a broker, perhaps it's very manageable. You don't have to do it full time. In fact, that would not encourage it, because you're gonna sit around, you're gonna get discouraged. Because there's candidly not enough to do versus the single family side, you could always find something to do.   Michael: Interesting. Talk to us about kind of the exits and the thought process around the exit from that business. Because in my mind, and I think in a lot of other investors' minds, a house is a house is a house, you know what it is? I know what it is everybody on the street, you know, that you bump into knows what it is, and knows how to buy it, versus a self-storage unit. I could maybe Name one person that I know that's involved in that business and so if I'm trying to sell it, who's gonna buy it?   Neil: Yep, no, exactly. So that's, you know, what I do on the training side is bring people through, even if you know, largely set some goals, understand why you want to be in this business, and perhaps what you'll do get through the training go, I don't want to be in the business. And that's okay, too. That's okay because what you don't know or what you what you now know, empowers you, right? To make a better decision about what the path you should be going down. So we bring people through that large infusion for retraining to expose them to what this world looks like, and then how to, you know, identify an asset class that really resonates with you how to price something up, how do we get leads, so largely from a marketing standpoint, from a lead standpoint, what do we say then? How do we value it? How do we actually put something a price to it to go alright, this looks like a potential really good deal, then how do we put it under contract and then from there, you know, the exit plans largely are or we get to resell the property. Occasionally, we get a property that comes in our wheelhouse, what I call, it's not our perfect seller, so it's a good deal, just not for us. Now, can we move that along, so to liken that to single family wholesale it double close it novated right, do all the same things in the commercial side or, you know, we decide, hey, this is our perfect seller with the property we want to own. So how do we how do we close it up or we get to raise equity? How do we go get debt and then how do we bring the whole thing together to properly manage it? So that's what we show folks how to do and ultimately starts you know, on the front end of the process to go Alright, how are we buying this because I know what our required returns are and if it doesn't hit that I'm that's gonna lead us down a different path to either go it's either a non-deal or we're gonna get this moved along to another investor and cash up the big check that we can utilize for the next year.   Michael: Yeah, that makes a ton of sense and you use the term that I'm not frankly familiar with novate. What does that mean?   Neil: Novation is that this has become very popular on the single family side. So there's a lot of buzz on the single family side, especially for those in the wholesaling business. Okay, it is to replace one contract with one another with another contract. So essentially, if I was to, you know, say, for example, I was to buy a property from Mr. Jones, I have a contract in place with Mr. Jones, I decided I want to move this property along under innovation process, you would then provide me a contract that would replace mine, there's typically a difference in pricing, right, you're gonna pay more than what I've just paid and that delta ultimately gets paid back to me. As part of the process. I'm high level in here. There's some moving pieces but high level?   Michael: Yeah, okay okay. Great to know. Neil, I'm curious if we can zoom out for a little bit, because you went from realtor agent, which is a kind of a unique profession and that, yes, you are an employee, but also you are kind of the business owner, your own of your own little business, your own little domain, and then you went and put a team in place, and then you ultimately sold that business. But for so many people that are employees in a traditional nine to five w two employee position to make the transition from employee to business owner, I think is a big leap for a lot of people. What was that like for you mentally going from? I'm going to be an agent to now I'm going to start and run and operate a business.   Neil: Yeah, no good question in it. I think that's, it comes in incremental gains, right. So how do you how do you elephant, right, one piece at a time and so the same thing occurred from me mentally and I think that is? It's a terrific question because I think so much of this business, in business in general is mental, right? It's a six inch game in between your ears and so how do you combat that I read a book when I was probably 20 to 23 years old. The Millionaire Mind by Dr. Thomas Stanley. He wrote The Millionaire Next Door, that's probably his most famous book, The Millionaire Mind was incredible and it broke it down to, you know how millionaires think and my thought process, of course, is well, if you just think like a millionaire eventually, and then, therefore, act and operate like a millionaire, I will eventually become one, right. So it's not it's not hard success leaves clues. So there was a lot of things in there that that impacted me at a very deep level and one of them, the biggest takeaway for me was, the largest risk that one has is being an employee. They can let you go any day of the week, this is what I came to believe in, it's still my operating beliefs today are just risky, if you have no control and I, I am well aware that as a business owner, as an operator, as a real estate investor, we take tremendous risk. There's no doubt about it but I still think they pale in comparison to putting all eggs in one basket, men have an employer of someone else.   Michael: Yeah, it makes total sense. So as you started moving things along, and created and formed and founded your business, how did you figure out who the right people were to put on the proverbial bus because I think, again, so many people have either a great idea, and they're really good at maybe doing that one thing. But doing that one thing isn't a business and so how do you scale it and have a proper functioning, running operational business?   Neil: Yeah, no, great question and that's, that's probably, if I was to attribute any of our success over the course of last three ish years, two and a half years, somewhere in that range, we've had significant success in that period of time, it's largely been correlated to my evolution as a leader, knowing that the only way forward is ultimately with and through other people. And so I've had a focus internal so go back to a question you just asked earlier, from a mental attitude of taking that leap. For me, it's how do I develop as a leader how to become a better a better person, somebody that people look up to somebody that people want to be around, so many people want to listen to, and, and be on the same bus with going rowing in the same direction and so that has largely, that's been a big focus over the course the last couple of years. When I was at a spot where he's gone, it's time to grow. You can't hire and retain a player's unicorns as I call them. You can't hire and retain unicorns if you're not one. So how do you how does one improve their personal self to be able to get to that level? That other a players want to be around?   Michael: Yeah, that makes total sense. So what it what did you do? Can you open the vest a little bit, let us peek under the curtain…   Neil: Yes, you know, it's, I wish there was a silver bullet here, but it's largely just been, you know, what do they say what's mentionable is manageable and for me, it's just having that Cognizant thought that okay, well, now, I'm mindful of this and so now I need to give thought to this. How do I say things how do I handle things? How do I handle certain situations? What is the impact when making this isn't with an employee or with a team or with a customer in front of folks, how's this gonna resonate? What does this look like and then having the vision as a leader, as any leader, doesn't any organization, that vision to go, where are we going and this isn't about me, this is about us and so oftentimes you'll hear me say, we did this, I almost, you know, I try very hard to say that 100% of time, I didn't do anything. We did this collectively, all the results are collective right. It is us together and that reading, continuing to stay focused on that, stay ahead of what's transpiring, trying to, you know, hosting a podcast being around other people like yourself, other people in the industry having an understanding what's going on. So been trying to be on that curve from a knowledge base standpoint about what's transpiring that's helpful, too.   Michael: Yeah, yeah. I love that and asking for a friend. I hate people and I don't think I want to interview people and screen people and that sort of thing. Does that mean that I shouldn't start a business with my great idea?   Neil: The first part is I don't like people. So let's just call that the introverted, right? They don't want to interact with other people. My right hand gal is an introvert. She's not very gregarious as it relates to people. She's very good with people. But she wants to she's far more task oriented about how do we execute on what we're doing? I think that's terrific and now, what hadn't you hire her because she's the Yang, right? It's Ying and yang. She complements me in a perfect opposite fashion and I do the same thing. The other way around. Yeah, it's, I think that's terrific. I think it's wonderful, if you can, what you just expressed was, you know who you are, if you know who you are, you can identify a path forward and I would encourage you absolutely. Knowing what your deficiencies are is wonderful. We're all we're all given strengths someplace, just balance this balance your weakness with somebody else. Don't try to what are the what don't master in the weaknesses, right? So anytime we have a weakness here in anybody, you know, largely for me, it's going just don't do it. Don't master in the minors, because at the end of the day, you're still going to be a d minus for you, no matter how good you get at your weakness focus on your A's.   Michael: Yeah. Oh, that's such a good expression. I can't tell you how many times I've heard people say, oh, I wanted to visit with my best friend. We're so similar that I'm like, that doesn't sound like a good partnership.   Neil: Sounds like sounds like a great bar and I but not a good business decision.   Michael: Yeah, I know. Totally, yeah right.   Neil, if we zoom back into the commercial side of real estate coming from the single family space, what is it that you see is the biggest hurdle of barrier to entry for folks that want to make that leap into commercial but utilize someone such as yourself to help them get there?   Neil: You'll never guess us? Are you ready for this?   Michael: I hope so.   Neil: I know, you're it's a mental barrier. It's all made up in their head. It's they don't think they can't. Yeah, but they don't think that that is it because past that, the ability to go well, okay. Well, if you've ever let me let me liken it to single family. A duplex is like a single family rental house, right? It's just two doors and the numbers change a little bit? Well, a 20 packs is the same thing. There's largely, there's not much difference in these things you're adding some zeros are calculated a little differently, but it's pretty much the same. In fact, management, in my opinion, gets easier. The more doors you have, right, you get professional management, you get it, it becomes simpler. Yeah and then to make a change to go into some other asset class, we just have to make a bridge. What does that look like? They have to go to an industrial buildings on a triple net lease, which is probably the simplest thing to calculate and get one's head around when you're going, well, they just pay a lease rate, and then they fix all the stuff that goes wrong with it, right? That's it your true and your true and why is the rent, we've got multiple properties like that and we're the management company, which means we just get the rent and never hear Yeah.   Michael: Yeah, that's by far the easiest piece of property in my portfolio is triple net.   Neil: Yes, correct. But people are, you know, we're scared about what we don't know and that's true of all of us, right? We're scared about what we don't know, afraid to make mistake, which is totally understandable and so we just help folks, we educate them as we go answer questions as we go and show them the exact path to be able to get from, you know, I want to learn more about commercial real estate, I'd love to be able to buy a deal to actually get to a close.   Michael: That's awesome. And I'm curious, Neil, what's your favorite asset class and why?   Neil: My favorite asset class, although I own I'd have to calculate up four or five different asset classes, but my favorite today is going to be industrial.   Michael: Industrial why is that?   Neil: Yeah, industrial is in demand like crazy. Secondly, in 2021, had the second largest rent increase across all asset classes, only trailing two apartments. But in comparison to apartments, they're far easier to manage, right, I get a triple net deal, or a double no deal, there isn't much to do, there's very few moving pieces you end up with, on average, let's say a five year to 10 year lease is pretty straightforward.   Michael: Okay. So if I'm playing devil's advocate here, and we're looking at this industrial building, this is suited only for a business. This is not for people can't come live here and the type of business you might have to build to suit it out for that particular business 5-10 years down the road, that might be a future Neal problem. But let's drive down that path that tenant leaves goes out of business, what have you economy turns? If businesses aren't doing well, in the area, are you stuck with this vacant building now?   Neil: 100%. If businesses are doing well in the area, meaning they're laying off or not employing people, my thesis is you still have you still have an apartment problem relative to occupancy and or rent rates. This goes back to earlier question is, admittedly, we have to take a risk someplace, right? It's just my comfort level and I like the box, you know, not a somehow engineering building has been added on to or defined for one, one person's exact use, I like a big giant box, just a rectangle, that's it, a business of multiple businesses come into that and fill it out in which way they want to. So like the fact that if I can buy my, my preferred buying is for buying some older not buying brand new stuff, buying some older buying something with a value add or on buying at a discount of some managers, the intent is to buy it correctly. And if I can buy a property, let's call it make up a number right now 70 to $80, a square foot brand new construction is gonna be 120 to 130 a square foot, I think I'm in pretty good shape over the course of coming years, I think that my dollars, and my rent rates get pulled up to the fact that sheer cost of new construction is gonna be 60% higher.   Michael: All right, I dig it, I dig it and for anyone, I'm just realizing now, some of our listeners might not be familiar with the term double net triple net lease, can you give us a quick definition of what it is?   Neil: Yeah, it just defines what people pay for double net, for example, is probably one of the least likely terms that use but let's say triple net triple net means ultimately that the tenant pays for everything, there may be some nuances inside the lease, but taxes, insurance, repairs maintenance, the tenant pays for that. So if your releases 100 grand a year, your net is 100 grand a year before, before your mortgage, any sort of debt payment you have on it. A double net means they don't pay for everything they pay for perhaps taxes and insurance, but not all the repairs and all the maintenance, and therefore your NOI is gonna be a little lighter, depending on what you have to maintain and pay for.   Michael: Okay, perfect and I'm sure some of our listeners are hearing that and thinking like, this is the best thing since sliced bread. I'm gonna go put all of my single family homes and all my apartments on Triple Net leases. Why is it only a thing that's been heard of in the commercial space?   Neil: Yeah, no good question. You know, to liken it to single family, you're like lease with an option or a contract sale, that's probably the closest thing you get to a triple net in the in the single family house side, right? So you kind of contract sale, somebody that mean that contract buyer is now responsible for everything associated with that house, right? That's what it looks like. If you look at the closest thing, there's some differences there. Obviously, a contract sale into a down payment interest rate. That's not the same as a triple net lease on the industrial side but that's probably the easiest way to liken it to single family.   Michael: Yep. Yeah, that makes total sense and for anyone listening, like Neil mentioned, it's just the cap rate is like the easiest thing ever in the Analyze easy thing ever, you got a million dollar building cap rate 6% they're paying 60 grand a year, then bam, boom, end of discussion. You're not paying taxes, you're not paying insurance, you know, capex and maintenance. So you can calculate your true return, and then look to calculate what your debt service payments gonna look like and determine what your return looks like after that, versus the traditional single family rental or apartment or traditional residential space. They pay you a set fixed amount, the rent, and then you have to go figure out the taxes, insurance, repairs, maintenance, capex, that sort of thing.   Neil: So hey, just because I like it or you know, in other investors likes something else doesn't mean it's right. There's only what's right for you.   Michael: Yeah, yeah. I love it. Neil, this has been so much fun, man. I want to be very respectful of your time. Let's get you out of here. But before we go, like where can people reach out to you find out more about you continue the conversation if they're interested?   Neil: Yeah, no, great question. Well, if you want to learn more about commercial real estate getting rich in what I call the 20x niche, why do I call it that? Well, because our target internally is to produce in a monthly return that's 20 times that of us Single Family return so we're scaling up largely is just go to my website give you a free download free report just you can learn more about the industry getting into commercial. So www dot legacy impact partners forward slash gift JF T legacy impact partners Ford slash gift: https://legacyimpactpartners.com/   Michael: Right on thank you so much and before I let you go I mean I'm not gonna let you out of here without mentioning your podcast you're also the host of a podcast was that was a you're kind enough to have me on what is that called and what can people expect to hear on it?   Neil: Real grit is the name of it it's about the trials tribulations anybody from real estate. So we talked about single family talking about commercial talk about everything in between. But really, so that we fully admit that you know, life isn't all about Lambos and big houses on cash and checks and everything on Facebook that or social media wherever you'd see it right? That there's ups and downs there's, there's we have to go through stuff and many times to be able to find our own personal success and so we talk through that and people's personal stories and how they got there because all bunch people, they get their different ways and it's really exciting. It's, we get into some really interesting, very dynamic conversation a lot of fun, love it. You and I had a great conversation.   Michael: I had a ball. I had a ball.   Neil: It was a blast, man.   Michael: Awesome. Well definitely go check out that podcast, real grit, a lot of fun, really cool stuff going on there. Neil, thank you again. Any final words thoughts for our listeners?   Neil: No, you're going to find me you know, like I shared it though the website I'm also on all the all the social media platforms. Facebook's the best place to find me Neil Timmins, or there are many Amin just spell it right you got me   Michael: Right on, many thanks again. Appreciate you, see you soon. Bye.   Neil: Bye, bye.   Michael: All right, well, that was our episode. A big thank you to Neil for coming on the show. Really, really interesting stuff that Neil's been through seen and experienced. As always, if you enjoyed the episode, we'd love to hear from you with a rating or review wherever it is get your podcast, and we look forward to seeing on the next one. Happy investing…

Become Your Vision
133. Abundance Mindset vs. Scarcity Mindset, Daddy Issues

Become Your Vision

Play Episode Listen Later Nov 18, 2022 28:43


A scarcity mindset may come naturally to you because of how you were raised. It certainly did for me for years. In this episode, I'll share experiences, methods, and resources so you can have a more abundant mindset. Stay Connected With Lauren On Instagram: @lauren.kubat Learn More About Moosely On Instagram: @mooselycereal Resources:  Book-Secrets of the Millionaire Mind, T Harv. Ecker Her Morning Meditation

The Determined Society
The Millionaire Mind with Daniel Gomez

The Determined Society

Play Episode Listen Later Oct 31, 2022 47:48


Who is Daniel Gomez: Daniel Gomez is an Award-Winning Keynote Speaker, Business Coach, Executive Coach, Corporate Trainer and Podcast of the Year Recipient. Daniel speaks and coaches at events all over the world! His passion is to elevate businesses and entrepreneurs to achieve their true potential through their training and coaching programs. Daniel has empowered his clients to build epic success in their personal and professional lives. He is the International Best-Selling Author of “You Were Born to Fly”, a book written to inspire and give people the high-performance habits and confidence needed to be the leaders of their own destiny. Daniel Gomez Inspires: Daniel Gomez has over two decades of experience in the arena of Leadership Development & Team Building, Sales Training, Customer Service, and Coaching. He is the International Best-Selling Author of "You Were Born to Fly", a book written to inspire and give people the high-performance habits and confidence needed to be the leaders of their own destiny. Daniel's high-energy and ability to unlock the untapped potential in people have made him a highly sought-out trainer for top organizations including the U.S. Air Force to develop their officers. He gives organization the success principles, leadership skills, and champion's mindset to develop and build a winning team. Daniel is a true professional and easy to work with! His enthusiasm captures the audience's attention from beginning to end. He engages the audience by challenging them think, feel, and believe that it's never too late to begin something amazing! Daniel takes great pride in cultivating leaders and champions. By providing them the tools necessary to succeed, he raises the level of expectation in people's lives and helps them transform their limiting beliefs. Daniel loves connecting with his audiences and making it personal. Having lost both of his parents to cancer and watching his wife battle breast cancer, he is no stranger to adversity, self-doubt and overcoming obstacles. His authenticity attracts admiration from others. He believes in being truthful and from the heart. His vulnerability and honesty inspire transformation in people's lives. Daniel's unique way of connecting is what makes your event special and memorable. His presentations are customized for each event and exceed expectations. If you are an event planner looking for an inspiring, highly motivated and passionate speaker for your next event, then Daniel Gomez is the speaker for you! The Millionaire Mind Bootcamp: Begin Living and Thinking Like A Millionaire God's Way Are You Programmed For Abundance and Wealth? Have you ever stopped to think how millionaires become millionaires and build great wealth and success? Have you ever stopped to think why so many people get stuck in the cycle of living paycheck to paycheck without having enough money to last for the month? Building a Life of Abundance and Wealth: Every person has a Financial Inner Economy that is governed and run by their value system, self-image, and relationship with money. Their Financial Inner Economy is what determines the level of success a person will achieve or fail to achieve in life. The reality is that most people possess a Poor-Minded Financial Inner Economy which keeps them struggling financially no matter how hard they try! The Makings of a Millionaire Mind Bootcamp will give you the right attitude, the right heart, and the right approach in becoming a millionaire God's way. --- Send in a voice message: https://anchor.fm/shawn-french/message

Let’s Get Vulnerable: Relationship and Dating Advice
EP 278: 7 Books that Changed My Life

Let’s Get Vulnerable: Relationship and Dating Advice

Play Episode Listen Later Oct 31, 2022 19:06


This is a short but powerful episode!    Inside of this episode, I have a gift for all of my book worms out there!    I share with you my top SEVEN favorite books of all time.    I have to be honest though it was nearly impossible for me to narrow it down, there's at least 20 more I'd like to add to the list, so we might need a part 2!    Below you will find the titles of the books listed in the episode:    Super Attractor By Gabrielle Bernstein    Attached by Amir Levne    You are a Badass by Jen Sincero   Secrets of the Millionaire Mind by T. Harv Eker    Psycho-Cybernetics by Maxwell Maltz    Levels of Energy by Frederick Dodson    Daring Greatly by Brene Brown    Be sure to tag me in your IG story if you end up reading any of these titles!    Ready for a community of like minded women who just get it?    Head on over to the Successful Women Great Relationships facebook community!  Use this link below:  https://www.facebook.com/groups/successfulwomengreatrelationships

Business Lunch
The Secret to Thinking Bigger with Kent Clothier (Q&A from CFE Live)

Business Lunch

Play Episode Listen Later Oct 28, 2022 16:42


Want to start thinking big and take on more risks? If you're a man, take the number 78 and subtract your age from it. If you're a woman, take 82. Subtract your age from that number, and then multiply what you get by 365. What you've just calculated is the average number of days you have left on this planet. No matter your age, that number is small, and you can't afford to continue living a life of mediocrity.   On today's episode, host Roland Frasier talks to Kent Clothier, a highly sought-after speaker, owner of three multi-million dollar brands, and CEO of Real Estate Worldwide(REWW). They discuss some of the best ways to expand your thinking and expel mediocrity from your life.  IN THIS EPISODE, YOU'LL LEARN: There is no nobility in thinking small Key steps to help you start thinking bigger  Why successful people think differently Kent's top 3 book recommendations The "One More" mindset How to develop an intimate relationship with discomfort Become better at selling ideas to your significant other LINKS AND RESOURCES MENTIONED IN THIS EPISODE: https://kentclothier.com/ (Kentclothier.com) https://www.linkedin.com/in/kentclothier/ (Kent's LinkedIn) Ask Roland and Ryan a question http://businesslunchpodcast.com/ask (HERE). https://www.amazon.com/The-Alchemist-Paulo-Coelho-audiobook/dp/B000BO2D3C/ref=sr_1_1?crid=1RLRINCM8XLNE&keywords=the+alchemist+by+paulo+coelho&qid=1666687776&qu=eyJxc2MiOiIyLjczIiwicXNhIjoiMi4wMyIsInFzcCI6IjIuMDQifQ%3D%3D&sprefix=The+A%2Caps%2C1012&sr=8-1 (The Alchemist: A Fable About Following Your Dream) by Paulo Coelho https://www.amazon.com/Principles-Ray-Dalio-audiobook/dp/B074B2CZJG/ref=sr_1_1?crid=CSBY9IOEZS3Z&keywords=principles+ray+dalio&qid=1666687871&qu=eyJxc2MiOiIyLjUxIiwicXNhIjoiMi4xMSIsInFzcCI6IjIuMjcifQ%3D%3D&s=audible&sprefix=Principl%2Caudible%2C364&sr=1-1 (Principles: Life and Work) by Ray Dalio  https://www.amazon.com/Secrets-of-Millionaire-Mind-audiobook/dp/B01F7O1FKW/ref=sr_1_1?crid=1ST3NYUUFBXUS&keywords=secrets+of+the+millionaire+mind&qid=1666687934&qu=eyJxc2MiOiIyLjIxIiwicXNhIjoiMS43NCIsInFzcCI6IjEuOTEifQ%3D%3D&s=audible&sprefix=Secrets+%2Caudible%2C369&sr=1-1 (Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth) by T. Harv Eker OUR PARTNERS: https://scalable.co/7-levels-assessment/?utm_source=business-lunch&utm_medium=podcast&utm_campaign=lead-gen (7 Steps to Scalable workbook) Get a free proposal from https://conversionfanatics.com/ (Conversion Fanatics) Get 3% cash back on your ad spend with https://www.funneldash.com/adcard (AdCard) https://yourzerodownbook.com (Get my book, Zero Down, FREE) Thanks so much for joining us this week. Want to subscribe to Business Lunch? Have some feedback you'd like to share? Connect with us on https://itunes.apple.com/us/podcast/perpetual-traffic-by-digital/id1022441491?mt=2 (iTunes) and leave us a review! Mentioned in this episode: Get Scalable Live - THE PREMIER EVENT FOR BUSINESS OWNERS Over 3 days, network and collaborate with fellow entrepreneurs and CEOs to build a ‘recession proof' plan to scale your company to 8-figures and beyond, and…leave knowing 2023 is going to be your best year yet! https://business-lunch.captivate.fm/gsl (Get Scalable Live) Build Your CEO Dashboard! Get one report every week of the key metrics you need to know with the CEO Dashboard! https://business-lunch.captivate.fm/ceo (CEO Dashboard)

The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli
How She Built Her Diverse Portfolio Without Syndicating

The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli

Play Episode Listen Later Oct 28, 2022 35:12


With a real estate syndication, you can access other people's resources and invest in larger deals with less out-of-pocket money. It's a great way to grow your portfolio, but it's not for everybody. There are definitely other means to find financing and acquire properties without the need for syndicating. As long as you build the right team and you have clarity on your goals, you can thrive in real estate.Joining us today how she hustled her way to success is Kimberly Marie. She takes us through her journey and how she's able to scale without syndicating by reinvesting her profits back into her properties. She also shares the value of not only setting goals but also auditing them to ensure that every decision she makes is aligned with her lifestyle and happiness.Kimberly Marie is a Doctor of Physical Therapy, published model, and astute real estate investor based in Indianapolis, IN. She started investing as a residential fix & flip and buy & hold investor in her surrounding neighborhood all while practicing as a physical therapist. Kimberly has spent the last 5 years becoming an expert in Indianapolis real estate, the acquisition process, and construction, and now buying and operating multifamily apartment buildings, which is her primary focus. She leverages her decade of experience in the physical therapy world to foster strong relationships with her team and investors to get deals done. She is the final decision-maker for all business operations including new acquisitions, dispositions, and investor relations.Quotes• “I never looked at it like, oh, how am I ever going to do this? I was just like, okay, one foot in front of the other. I'm just going to keep doing this.” (13:10-13:17)• “It all goes back to your goals. So I'm always doing a goals audit for myself because my time, my life. What I'm doing and my happiness is really important to me. ” (14:13-14:23)• “Instead of looking at it from a scarcity mindset of what am I going to lose if I sell this, I look at that as in what am I going to gain and how is this going to help me.” (14:41-14:51)• “I've always tried to have the mindset of, hey, you're going to be the king of that. I'm going to be the queen of this. And together we can combine and conquer." (16:21-16:29) • “I'm learning to be honest with myself, like, I did it, but did I really want it? Or did I want to just see if I could?” (23:08-23:14)• “I back up and say, what are things that I don't need to be doing so I can create space for these things that I need to be doing?” (31:09-31:20)Connect with Kimberly:Instagram: https://www.instagram.com/kimberlymarie920/ Email: kim@reddoorrenovation.com Resource Mentioned:Secrets of the Millionaire Mind by T. Harv EkerBuild an Empire by Elena CardoneMissed InvestHER CON 2022 or just want to relive the experience? Don't worry! Get instant access to the InvestHER CON 2022 recordings and enjoy tons of transformational sessions with incredible women investors!https://www.therealestateinvesther.com/offers/PDh8G6eE/checkoutHow To Join the InvestHER Movement 1) InvestHER CON 2023Meet Us in Arizona! | InvestHER CON 2023 Early Bird Tickets are available now!The inaugural InvestHER CON was unforgettable.We saw women freely raising their hands, asking questions, and going to the mic to share their thoughts; we saw women confidently speaking with sponsors, holding intimate conversations with each other, and connecting on a deeper level with themselves.You laughed with us.You cried with us.You played in the arena with us.And most of all, you inspired us!We're not stopping there. We're thrilled to announce that InvestHER CON will be returning in May 2023, at a venue in sunny Arizona!Early bird tickets are available now:https://www.therealestateinvesther.com/offers/K92UxTz3/checkout2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:Apple Itunes SpotifyAmazon MusicAndroid Stitcher 3) The Real Estate InvestHER Membership STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms.4) InvestHER Community on Facebook We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 5) InvestHER Meetups Around the Globe We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! 6) InvestHER™ eXp TeamOur mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide. We have created exclusive content and support for the InvestHER™ eXp Team:*Top skills and strategies to grow YOUR business*How to utilize your “real estate agent” advantage to become a real estate investor*Monthly live masterminds*Become part of Libertas Organization with top coaches, Tim and Julie Harris.Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BOI MEETS WELLNESS
Finding Financial Health and Happiness featuring Terry Banks - Episode 66

BOI MEETS WELLNESS

Play Episode Listen Later Oct 27, 2022 40:33


Terry Banks specializes in guiding professionals to efficiently manage their finances so that they can shift from being frustrated with living paycheck to paycheck to achieving their definition of financial freedom. Terry started Bank On It Financial Coaching after heeding encouragement from friends who benefited from years of her informally sharing what she learned along her journey to financial freedom. Through trial and error, she pioneered her way from not knowing if she would ever be able to retire to having the option of retiring early. When she's not helping others conquer their money fears and tap into their dreams, Terry enjoys standup comedy, reading, gardening, investing, and savoring tequila.   She sits down with us today to talk about stepping into the path of financial independence. She offers insights into what it takes to build a strong foundation in budgeting and investing while having fun. She stresses the importance of happiness and why knowing what brings you joy is key to achieving true financial success.   [00:01 – 00:55] Opening Segment I introduce our guest, Terry Banks   [00:56 – 03:59] Who is Terry Banks? Terry on turning 50 and experiencing joy within   [03:18 – 06:45] Financial Independence, Retire Early Staring her FIRE journey because she doesn't want to work her whole life Financial independence itself doesn't solve the problem There should be financial education and knowledge   [06:46 – 08:52] Sharing the Experience Here are the people Terry is most grateful for   [08:53 – 17:16] Patience and Discipline in Saving and Investing Having a budget helps you be aware and intentional about your finances and make sure that your choices are aligned with your heart Terry focuses on pre-investment and laying the foundation before you even make a decision to invest There are a lot of things you can learn when you are saving consistently Know where you stand, do research, and avoid FOMO in investing There's bad energy if you're always in fear of losing money   [17:17 – 24:54] Strategies to Thrive in a Recession Terry discusses her experiences when the market crashed It's essential to have an emergency fund Creating more equity in real estate and having access to money vs. Having your money locked up in a stock investment   [24:55 – 25:52] The Guided Meditation for Wealth Move past the negative thoughts and build a better relationship with money and abundance. Watch the guided meditation on YouTube for free!   [25:53 – 36:13] Happiness Comes From the Inside Terry's advice: be kind to yourself  Why they decided to retire in Mexico and her passion for coaching   [36:14 – 40:32] Closing Segment Reach out to Terry! Terry answers the BOI Talk and Hop questions Tweetable Quotes: “Happiness comes from the inside and that helps us to be really frugal and be fine with it.” - Terry Banks   “Who would you be going big for? If you're not willing to downsize for yourself, then that means you're trying to go big for somebody else, for some outside validation.”  - Terry Banks “If someone has a win financially, that means that's one less person being taken advantage of by the structures of the financial services industry.”  - Terry Banks Resources Mentioned: A Pocket For Corduroy by Don Freeman Secrets of the Millionaire Mind by T. Harv Eker   Connect with Terry at https://www.bankonitfc.com/  Facebook: https://www.facebook.com/bankonitfc  Instagram: https://www.instagram.com/bankonitfc/  Twitter: https://www.linkedin.com/in/terrybanks3/    Learn more about Evolve Benton at https://www.evolvebenton.com/  Listen to more episodes of BOI Meets Wellness at https://www.boimeetswellness.com/ Follow us on Instagram https://www.instagram.com/boimeetswellness/ Follow us on Facebook https://www.facebook.com/BOIMEETSWELLNESS/ Follow us on Twitter https://twitter.com/thebmwpodcast Check out our new merch store https://www.boigearstore.com/ Get the Money Mindset Journal: https://rebrand.ly/MoneyMindsetJournal Click here for Kajabi's 30 days free trial: https://rebrand.ly/Kajabi99 Download StreamYard for your show: https://rebrand.ly/StreamyardBOI    Watch the Guided Meditation For Wealth: https://youtu.be/qSlnH7FDUOw Hit us up and send us an email at boimeetswellness@gmail.com 

From Adversity to Abundance
From Broke to Financially Free in Under 3 Years with Bryce Robertson

From Adversity to Abundance

Play Episode Listen Later Oct 25, 2022 52:06


We read about men and women of time past with the "never give up no matter what personality" in history books, and it's always a pleasure to see present-day, real-life adversity fighters.Bryce Robertson is someone whose ability to break out from adversity, and whose affinity for hard work are attractive forces around him."I like to look at life in 5 core areas; wealth, health, relationships, spirituality, and having fun."Originally from Australia, Bryce is a high school dropout who is currently a mobile home park investor. He helps investors create financial freedom and expand their wealth through resistant investment and recession.He says, "There are two things that motivate us: there is the magnetic attraction that pulls us toward what we want, and there is a repelling of moving away from things we don't want."This episode will inspire you to always "dare to dream and take risks." Tune in as Jamie and Bryce discuss:· How Bryce struggled through adversities and met his wife, who massively influenced his investing and business decisions;· Taking risks and ignoring persuasions to do otherwise;· The challenges involved in closing his first real estate deal;· "We gained financial freedom in 2 and half years and retired ourselves";· The transition from being a dropout who got bored from reading to being a best-selling author;· The importance of money: The 18-year-old Bryce's view of money vs now.· Why he'd like to have tea with Bob Marley;· The importance of recession-resistant investing like mobile-home parks;· Bryce's current engagements, workshops, and programs to look forward to, and;· Taking control of freedom in all areas of your life Connect with Bryce Robertson Find out more about investments: www.investcultiv8.comFinancial freedom mastery: www.freedomtrinity.comInstagram: https://www.instagram.com/brycerobertsonfreedom/Facebook: https://www.facebook.com/Robertson.BryceLinkedIn: https://www.linkedin.com/in/brycerobertsonfreedom/ Support Labrador Landing Website: https://labradorlending.com/LinkedIn: https://www.linkedin.com/company/71512077/admin/Facebook: https://www.facebook.com/labradorlendingTwitter: https://twitter.com/LabLendLLCInstagram: https://www.instagram.com/labradorlendingllc/YouTube: https://www.youtube.com/channel/UChYrpCUlqFYLy4HngRrmU9QTiktok: https://www.tiktok.com/@labradorlendingllc?lang=en Connect With Jamie LinkedIn: https://www.linkedin.com/in/jamie-bateman-5359a811/Twitter: https://twitter.com/batemanjamesInstagram: https://www.instagram.com/batemanjames11/ Books/Reference· T. Harv Eker's best-seller Secrets of a Millionaire Mind

She Can - The Podcast
Money Mindset

She Can - The Podcast

Play Episode Listen Later Oct 5, 2022 27:45


It's a conversation that is so needed today more than ever before.Here are some of the books I recommend throughout the podcast:"Get Rich Lucky Bitch" by Denise Duffield Thomas"I Can Make You Rich" by Paul McKenna"Money Master The Game" by Tony Robbins"Secrets of The Millionaire Mind" by T Harv EverEnjoy!ps - if you loved the podcast, I'd really appreciate you sharing on Social Media, you'll find me on instagram @megmcleanuk @shecanpodMeg x

Holistic Jam with Anita Denise
S2 Ep2: B is for Breath Work with Kathleen Booker

Holistic Jam with Anita Denise

Play Episode Listen Later Oct 4, 2022 45:09


Kathleen Booker is a certified Conscious Connected Breathwork Coach from New York and owner of Breathe with Kathleen.She has worked with many masters in the field of Conscious Connected Breathing and is also a certified Spiritual Coach and member of the International Association of Coaches. Kathleen studied with Iyanla Vanzant at Inner Visions Worldwide Institute for Spiritual Development and has coached with personal development companies such as Personal Dynamics and T. Harv Eker's Millionaire Mind. In addition, Kathleen is a certified giver of Oneness Blessing.In this episode, Anita talks with Kathleen about the importance of the breath. Breath-work refers to any type of breathing exercise or technique, people often perform them to improve mental, physical, and spiritual well-being. During breath-work you intentionally change your breathing pattern. There are many forms of breath-work therapy that involve breathing in a conscious and systematic way. Many people find breath-work promotes deep relaxation or leaves them feeling energised.During this episode, experience a real-time breath-work session with Kathleen.To learn more about Kathleen, visit her website: https://www.kathleenbooker.net/ and connect with her on FaceBookE: whatsnext.kathleen@gmail.com

The Quote of the Day Show | Daily Motivational Talks
1517 | T. Harv Eker: “The Better You Are, The More You Get Paid.”

The Quote of the Day Show | Daily Motivational Talks

Play Episode Listen Later Oct 3, 2022 14:45 Very Popular


T. Harv Eker leads off the week with a reality check about how much you're being paid and what it has to do with how good you are at what you do. Plus, discover the difference between moderate and massive success.Source: Secrets of The Millionaire Mind in Turbulent TimesHosted by Sean CroxtonFollow me on InstagramWant ad-free episodes? Visit your App Store and download the Stitcher app. Join Stitcher Premium and listen to QOD commercial-free!

Driving for Dollars Mastery
140 - The One Thing - What Separates Successful Wholesalers from Those Who Fail

Driving for Dollars Mastery

Play Episode Listen Later Oct 3, 2022 25:12


So you've thought about investing but aren't sure if you have what it takes to become successful. No problem. We've all been there. Why don't we all start with one question: “What keeps you from being successful?”  Ultimately multiple factors could hinder you from your goal, but at the end of the day, it still all boils down to setting up the right mindset. Today, Zack will list down some qualities and action steps that you can utilize to reach that long-term success. Key Takeaways What are the telltale signs that someone's going to be successful or not? Life is always going to be complicated. It's just a matter of having a clear idea of where you want to g How do we overcome these challenges that were not necessarily because of the consequences of our actions but because of the circumstances of life? The problem is people choose to be victims of wealth The more you set your mind to implementing the action steps, fail and reach your goals you will gather long-term results  Resource Secrets of the Millionaire Mind by T. Harv Eker The Richest Man in Babylon by George Samuel Clason Driving for Dollars Mastery

Happiness Solved
132. The Makings of a Millionaire Mind with Daniel Gomez

Happiness Solved

Play Episode Listen Later Sep 23, 2022 38:59


Happiness Solved with Sandee Sgarlata. In this episode, Sandee interviews Daniel Gomez. Daniel Gomez has over two decades of experience in the arena of Leadership Development & Team Building, Sales Training, Customer Service, and Coaching. He is the International Best-Selling Author of "You Were Born to Fly", a book written to inspire and give people the high-performance habits and confidence needed to be the leaders of their own destiny. Daniel's high-energy and ability to unlock the untapped potential in people have made him a highly sought-out trainer for top organizations including the U.S. Air Force to develop their officers. He gives organization the success principles, leadership skills, and champion's mindset to develop and build a winning team.  Connect with Daniel: https://danielgomezspeaker.com/ Connect with Sandee www.sandeesgarlata.com Sandee's book: www.sandeesgarlata.com/the-book Podcast: www.happinesssolved.com www.facebook.com/coachsandeesgarlata www.twitter.com/sandeesgarlata www.instagram.com/coachsandeesgarlata

The Cliff Ravenscraft Show - Mindset Answer Man
689 - How to Achieve a Mindset that Leads to Success in Business

The Cliff Ravenscraft Show - Mindset Answer Man

Play Episode Listen Later Sep 23, 2022 49:36


How to Achieve a Mindset that Leads to Success in Business Why do some people achieve great success in business while others fail? The way they think about and approach their business is a big factor, and that's something that i was asked to talk about as a guest on a popular business podcast. In this podcast episode, I'm going to share with you the questions that I was asked and the outline that I used to respond to each question. To start us off, can you talk a bit about your background and how you've become an authority on podcasting and business? I started podcasting as a hobby, with my wife, about the television show LOST in 2005. We were in the first hundred or so podcasters in the world. By our 3rd episode, we had 27,000 subscribers. By the end of our first year in podcast, we launched several other shows and were reaching 100's of Thousands of listeners. Within 2 years, I made the decision to leave the family business to do podcasting full-time. Main source of income was Podcast Coaching - Teaching people how to podcast. Things really took off, professionally, as the result of a few influencers that had become coaching clients. We hosted a Disney Cruise for our community. Our story got the attention of the CEO and co-founder of BlogWorld, the industry leading conference in social media at the time. I was invited to come speak. Room was standing room only. I was invited to become the Director of Podcasting for the BlogWord, which eventually rebranded to New Media Expo. In 12 years, I helped more than 40,000 people successful launch their podcast, generating a few million dollars in revenue through the process. In a broad sense, what is a "business mindset"? What all does that term include and describe? I find it helpful to contrast the term “business mindset” with the term “employee mindset.” A business mindset includes the following beliefs. People pay for value or transformation, not for your time. You do not have to work hard for money, you simply need to provide value. How much you charge for your products and services are based upon how much value you bring to your client/customer. There is no such thing as failure, there is only education. Temporary setbacks allow you to learn new lessons that lead towards the perfect plan to get to your desired outcome. What doesn't get measured, doesn't improve. etc. What is the difference between a "growth mindset" and a "fixed mindset", and which one is better for an entrepreneur? A fixed mindset is the belief that you have to work with the amount of skills, abilities and talents that you were born with, or that you have attained by a certain age. There's a saying that goes… “You can't teach an old dog new tricks.” A growth mindset is one that believes that you never stop learning and growing. You can always learn a new skill. Abilities and talents can be acquired through passion and practice. A growth mindset is better for everyone, but it is certainly a required mindset for any entrepreneur who will need to pivot in business to keep up with the changing world we live in. Why is your mindset important as a business leader? What are the advantages of having the right mindset? Mindset boils down to “A set of beliefs that you hold in your mind.” What you believe is possible. What you believe is not possible. How you believe things SHOULD BE What you believe you SHOULD or SHOULD NOT do. The problem is that most of our beliefs were established during the first 7 years of our life, before we had a rational critical thinking mind. ALL BELIEFS HAVE CONSEQUENCES Our beliefs determine how we think and feel about any situation in life. How we think and feel determines what actions we take. The actions we take determines the results that we get. So every belief (or your mindset) about anything has either a Positive or Negative Consequence. The advantage of having a GROWTH MINDSET is that you can actually CHANGE what you believe. Is a "business mindset" the same thing as an "entrepreneurial mindset", and if not how do those differ? I suppose you could be a “senior leader” within a business and have a “business mindset” but not have what it takes (mindset wise) to actually own your own business. An entrepreneurial mindset requires the person to have certain beliefs around the idea of “risk taking” and realizing and fully accepting that the results of those risks are their responsibility. How can the wrong mindset negatively impact a business? What are the risks or downsides of failing to cultivate a business mindset? Half of all businesses are fail in their first year. 80% are fail within five years. 96% fail within the first 10 years. 4% of businesses last more than 10 years. However, that doesn't mean they succeed. That just means that they are “still standing,” even if they are not profitable. My belief is that “the wrong mindset” is a reason of nearly every business failure. Success in any area of life, including business is… 20% knowing what to do and how to do it. 80% Mindset The ability to consciously and rationally evaluate and change what you believe to be true. The ability to control how you think and feel about any given situation. The ability to control your “emotional state of mind.” The ability experience fear and move forward in spite of what could go wrong. The downside of failing to cultivate a business mindset is that your business will almost certainly fail. What are the key characteristics of a successful business mindset? People pay for value or transformation, not for your time. You do not have to work hard for money, you simply need to provide value. How much you charge for your products and services are based upon how much value you bring to your client/customer. There is no such thing as failure, there is only learning new lessons that lead towards the perfect plan to get to your desired outcome. What doesn't get measured, doesn't improved. etc. What are the main "red flags" that someone needs to shift their mindset? The two most common red flags are: They often experience stress and overwhelm when faced with any unexpected result or situation within their business. The business is not consistently profitable month to month. How are mindset and outlook related? I think of outlook as “having vision.” There is a saying that goes… “Without vision, the people will perish.” I believe that this also applies to business… “Without vision, the business will perish.” The quality of the vision that an entrepreneur will have for their business will be directly in proportion to their mindset. If they have limited beliefs about what is possible, they will have a limited vision of what they create. Is there one ideal business mindset that everyone should aspire to, or does the right mindset vary between people and industries? For the most part, I believe that the right mindset, once acquired, can be used to achieve success in not only any business or in any industry, but also in any other area of life. This is why you will sometimes see the CEO of a major corporation able to transition and experience success as the CEO of a different corporation in another industry. As for the one ideal mindset that everyone should aspire to, I'd say…. You know exactly what it is that you want. You absolutely believe that what you want is possible. You are fully convinced that what you want is something YOU MUST HAVE. You have DECIDED that you will get what you want. You are committed to creating an action plan to attain what you want. You are devoted to evaluating the results of your actions plan and changing your approach until you find the perfect plan of attaining what you want. You will have want you want. What is one thing about business mindsets that people often get wrong or misunderstand, and how should they approach it instead? Many people believe they can change their limited mindset (beliefs) simply by reciting “affirmations.” If I can just say it enough, eventually I'll start to believe it. I am a firm believer in affirmations. However, they don't work unless you discover the power of the “sub conscious mind” and how it works. I recommend two resources on this. Psycho-Cybernetics by Dr. Maxwell Maltz. Chapter 4 of the book Think & Grow Rich by Napoleon Hill on the topic of “Autosuggestion.” What are the steps to identifying your current business mindset for someone who's never done this kind of self-reflection before? By simply asking a few questions. What is something that you would like to experience in your business that you are not currently experiencing? Do you believe it is possible for you to experience that in your business? How long do you think it would take to make this a reality in your business? What are 1, 2 or 3 actions that you could take within the next 7 days, 30 days, and 90 days that will get you closer to this desired outcome? Why haven't you already taken these actions? What is one or two things that you need to put an end to to make this a reality? Why have you not already put an end to theses things? All of these questions will reveal your current mindset and beliefs related to that Dream, Goal and/or Desired Outcome. Once you've identified where your mindset needs some adjustments, what next? What actionable steps can someone take to shift their mindset? Make a list of all the beliefs that are associated beliefs in that particular area. Determine the source of those beliefs. Evaluate the truth of those beliefs. Disassociate from beliefs that do not support the movement toward your desired outcome. Replace limiting beliefs with empowering, alternative beliefs. Condition these new beliefs through repetition and environment. Changing how you think isn't easy. What are some resources or tools that can help people make the right mindset adjustments effectively? "Changing how you think isn't easy" is a belief. However, I have found that it is incredibly easy to change how you think, in an instant, once you know how the sub-conscious mind works. Resources that I recommend: Book - Psycho-Cybernetics by Dr. Maxwell Maltz Book - Think & Grow Rich by Napoleon Hill Book - Unlimited Power by Tony Robbins What are some signs that someone could benefit from coaching or mentorship to help them shift their mindset? Top Three Signs That Come To My Mind: If you are easily stressed and overwhelmed when an unexpected situation shows up in your business. If you are not consistently experiencing profit, month to month, in your business. If you feel unfilled in your work. How should someone find and choose a mentor or coach if they don't have a big professional network to draw from? Find a Role Model Someone who is already experiencing what it is that you want to experience. Someone who has already read the books, taken the courses, gone to the seminars, created the plans, experienced the setbacks and used what they learned to create a system that produced the result that you desire. Find someone who's message resonates with you at your inner core. How should a business owner take high stake decisions? Any framework which aids in making decisions? Plans fail for lack of counsel, but with many advisors they succeed. Fully investigate The Mastermind Principle and take your high stake decision to your personal mastermind group. Ultimately, follow your gut / intuition. What are some mindset tips for dealing with self-inflicted wounds when it comes to business? Read the book The Big Leap by Gay Hendricks and learn about the Upper Limit Challenge. Read the book Secrets of The Millionaire Mind by T. Harv Eker and discover the mindset about money that is causing your self-sabotage. Now at this stage of success what advice would you give to your teenage self? Discover how your sub-conscious mind works. Learn the Power fo Auto-Suggestion. Decide, CONSCIOUSLY, what you CHOOSE to believe. Learn how to control and master your emotional state of mind at all times. Can you tell us about your most bizarre business encounter? The day a check for $12,000 showed up in the mail. You can see the check and the letter that came with it at MindsetAnswerMan.com/check If you could sell your product/service to one celebrity, who would it be? Already accomplished Dan Miller, author of the book 48 Days To The Work You Love If there was a movie made about your journey, what would the title be? Free The Dream! A mindset is a very intangible thing. As you're making these adjustments, how can you evaluate if they're successful? What are some signs that your mindset is changing for the better? First, I believe that mindset is an incredibly tangible thing. I can determine a person's mindset on any topic within 3 to 5 minutes and I can predict what their experience of their life will be related to that topic in the same amount of time. As for signs that their mindset is changing for the better… Simply evaluate to see if they are getting better results related to the things they desire to accomplish in life. Are they dreaming bigger dreams? Are they pushing through their fears? Are they accomplishing more? Once someone's made those shifts, how can they prevent themselves from slipping back into bad habits? How do you make mindset changes stick? Repetition is the mother of skill. Don't stop doing what has worked to help you get where you are. Upgrade Your Peer Group The quality of your life will be determined by the expectations of your peer group. Get into a Mastermind Group of people who are living life according to the mindset you desire. What is your favorite "mindset hack"? Are there any quick and easy steps someone can take to make impactful change? The Mindset Principle: Go to a mastermind group of people who are already operating in life at the level you desire to operate. Tell them what it is that you desire and instantly gain insight from their education, experience, skills, talents and abilities. A single conversation with this group can shift your perception of what is possible. How does someone with a success-oriented mindset respond to setbacks and failures? Some do not actually understand the concept of “failure.” They simply evaluate what can be learned by the results of actions taken. They apply what they learn and change their changed approach until they get what they desire. They see setbacks as the opportunity to develop a more perfect plan to get to their desired outcome and to create safeguards for future similar setbacks. They expect the unexpected. Can you share an example of a business leader who has an ideal mindset? What does that look like in practice? Steve Jobs. He often had a vision for a product that he wanted to create. He often had the top engineers in the world tell him that want he wanted to create was not possible. He often fired those “experts” who had a fixed mindset about what was possible. He transferred his vision of what he wanted to create to those engineers who were able to dare to dream about the pushing the boundaries of what is believed to be possible. Today a few billion people benefit daily from many products that were, at one point, just a “thought” in the mind of Steve Jobs. On the other side, can you share an example of a poor mindset causing business problems or failure? The time I had a client schedule a one hour consulting call with me to help solve a technical issue with a piece of podcasting equipment. He knew that I charged $300 per hour with a minimum of one hour. We got on the call and I solved his problem within two minutes. He was incredibly pleased and requested that I send him the invoice for $300. I refused! Learn more about this story at MindsetAnswerMan.com/free How does having the right mindset make someone better at leading and motivating other people? A person with the right mindset can influence others. They can help shift the perceptions of those who they serve about what is possible. They can help those they serve see their circumstances from a different perspective. What are some day-to-day habits of people who have the right mindset for success? They read/study for INSIGHT - Not agreement or rejection! Journaling Meditation Rest / Power Napping Recreation Working Out What are some bad habits that could negatively affect someone's mindset without them even realizing it? Eating lots of processed foods, and consuming too much sugar. Watching too much NEWS MEDIA Watching movies and television shows with narratives that consistently show the business owner as the villain. How does helping others help improve your mindset? I don't want to run the risk of answering this in such a way that assumes that helping others will improve your mindset. There are many powerful books out there that talk about the concept of “When Helping Others Hurst You.” I don't have any particular book recommendation on this topic. However, I have many stories of experience. With that said, I believe that the best thing that you can do is to Help Yourself by Improving Your Mindset. It's only in having a healthy mindset that you can truly help others. This is why it was once said that the second greatest thing a person can do is to “Love others AS YOU LOVE YOURSELF.” If you've ever been on an airplane, you've likely been told that in case of emergency, you should put your secure your own source of oxygen before trying to help someone else attain their source of oxygen. Who are some thought leaders in the business world who have inspired you and been influential in developing your business mindset? Dan Miller, author of the book 48 Days The The Work You Love Michael Hyatt, New York Times Best-Selling Author and former CEO of Thomas Nelson Publishing Tony Robbins Napoleon Hill Every member of my Green Room Mastermind Group. Ray Edwards Pat Flynn Michael Stelzner Mark Mason Leslie Samuel I've met with these guys for one hour, every week, since October 2010 How do negative mindsets develop in the first place? Are there common root causes you see in your coaching and mentorship work? Typically most of our negative, limiting, beliefs were adopted during the first 7 years of our life. Things our parents said or did. Things our Teachers said or did. Things our religious leaders said or did. Things our peers said or did. Our Culture The News Media Etc. What are some common myths or misconceptions about business mindsets, and why are those wrong? That affirmations, alone, will work. That affirmations don't work. Affirmations do work. However, only after you do the work to become consciously aware of and then remove any competing belief. Most people don't have a “deep feeling” of belief that their new “affirmed statement” is actually true. Could you talk a bit about the Mastermind Principle? What is it, how did you learn about it, and how does it lead to business success? I have an entire podcast on this topic at UpgradeYourPeerGroup.com The mastermind principle is… When two or more people come together in a spirit of perfect harmony with the intention to focus on a desired outcome. That group can come up with insights and ideas that would be impossible for any member to come up with individually. I learned about the mastermind principle from Think & Grow Rich by Napoleon Hill. A person in a healthy mastermind group can accomplish more in a single year, with the aid of their mastermind group, than they could in a lifetime if they relied on their own effort. What is the relationship between business mindset and goal setting? How big a person is able to dream is determined by their mindset. The ability to achieve any goal is directly determined by their mindset. What is your favorite business book and why? Think & Grow Rich by Napoleon Hill It is the most thorough and in-depth study in what a “successful business mindset” is that has ever been published in a single book. END OF OUTLINE Are you a business owner? Did anything from this episode resonate with you? Please shoot me an email today at Cliff@CliffRavenscraft.com and let me know the most powerful insight that you took away from this episode. I look forward to hearing from you. Sincerely, Cliff

The Daniel Gomez Inspires Show
129: The Makings of a Millionaire Mind with Daniel Gomez

The Daniel Gomez Inspires Show

Play Episode Listen Later Sep 20, 2022 27:00


“You were created to live a better life. Stop living below what you deserve.” -Daniel Gomez Success starts not with having a great idea— but with believing that that idea is possible. When we have that belief, we are already halfway through our journey.  How can we say so?— Because success isn't defined by how much money we have in our pocket; it's defined by our mindset. It's truly empowering when we understand that no dream is out of our reach! This week, we have a very special guest on the show! — The Daniel Gomez himself. Yup! We're listening to his first solo episode. We've been with Daniel for about a couple of years now and we've heard some of his stories and wisdom. But this week, we are getting to know this incredible man better.  Listen in as Daniel shares stories and details about him that we haven't heard yet. He also talks about what The Makings of a Millionaire Mind mean and how we can develop that for ourselves. Daniel also warns us against the trap of being comfortable, how to work on our financial inner economy, how to have the character of a millionaire, and how to break the generational curses in our family.  Daniel invites you to The Makings of a Millionaire Mind Bootcamp on November 18-19.  RESERVE YOUR SEATS NOW: https://themakingsofamillionairemind.com/bootcamp     Be Inspired! with Daniel:  Website (Makings of a Millionaire Mindset) Website (Daniel Gomez Global) Facebook Facebook Group Twitter Instagram LinkedIn Pinterest YouTube Episode Highlights: 02:13 Where Success Starts 07:05 The Makings of a Millionaire Mind  10:58 Work on Your Financial Inner Economy 14:30 Beware of the Trap of Comfort  18:53 How to Get to Where You Want to Be 22:26 Break Your Family's Generational Curse 24:15 YOU Have It Within You!

Date Smart
Full Interview With Rebel Finance School Founders Alan & Katie Donegan

Date Smart

Play Episode Listen Later Sep 15, 2022 82:37 Transcription Available


Important note: This is the seventh episode in a series. If you're just joining us, I urge you to go back and start at the beginning.In our final episode of this season, Taylor interviews Rebel Finance School Founders Alan & Katie Donegan on how they overcame financial obstacles as a couple and got on the same road to financial independence which allowed them to retire at ages 35 and 40.This podcast series features Rebel Finance School founders Alan & Katie Donegan. They offer a free 10-week finance course on how to master your personal finances. Check it out here: http://rebelfinanceschool.com. Resources mentioned in the episode:Eight Dates by John & Julie Gottman: https://www.amazon.com/Eight-Dates-Essential-Conversations-Lifetime/dp/1523504463 Secrets of the Millionaire Mind by T. Harv Eker: https://www.amazon.com/Secrets-Millionaire-Mind-Mastering-Wealth/dp/0060763280 I Will Teach You To Be Rich by Ramit Sethi: https://www.amazon.com/Will-Teach-You-Rich-Second-ebook/dp/B07GNXPP4P Notes from a Friend by Tony Robbins: https://www.amazon.com/Notes-Friend-Simple-Taking-Charge/dp/068480056X The Simple Path To Wealth by JL Collins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Mr. Money Mustache: https://www.mrmoneymustache.com The Mad Fientist: https://www.madfientist.com Chautauqua Financial Independence Retreat: https://www.fichautauqua.comTony Robbins Ultimate Relationship Program: https://store.tonyrobbins.com/products/ultimate-relationship-program The 7 Habits of Highly Effective People by Stephen Covey: https://www.amazon.com/Habits-Highly-Effective-People-Powerful-ebook/dp/B07WF972WKThis podcast is brought to you by Ambiance Matchmaking, a matchmaking service for conscious leaders, creatives, and entrepreneurs. Apply to become a member: ambiancematchmaking.com/apply. If you enjoy the podcast, would you please consider leaving us a review? It makes a huge difference and helps others find our show.Newsletter: ambiancematchmaking.com/newsletterBlog: ambiancematchmaking.com/blogInstagram: instagram.com/ambiancematch Facebook: facebook.com/ambiancematchTwitter: twitter.com/ambiancematch YouTube: youtube.com/channel/UCZzRwyQQZVE8qiqo2VzZ44w DISCLAIMER: The views, information, or opinions expressed on this podcast are solely those of the individuals involved. The primary purpose of this podcast is to educate and inform. This podcast does not constitute medical or other professional advice or services.

Daily Path
309. Thinking Like An Entrepreneur with Daniel Gomez

Daily Path

Play Episode Listen Later Sep 12, 2022 55:24


Do you know what it's like to struggle maintaining the right mindset has an entrepreneur? In "Thinking Like An Entrepreneur" Joe Winters Jr. of Daily Path Academy talks with Daniel Gomez, the author of the Making of a Millionaire Mind as he shares his perspective on being an entrepreneur and thinking positively to achieve the results you desire. Apply for Podcast Sales Mastery: www.DailyPathAcademy.com Music by Bingx.

The Thought Room
Ep. 69 | Jenn Kennedy | The Mystics of Money: Futurecasting a Fortune

The Thought Room

Play Episode Listen Later Sep 5, 2022 140:29


Jenn Kennedy is a money mentor who has built an empire on alignment, energetics, and fun. She supports women in aligning with their truth and unleashing the power of energetics to lead a movement, change the world and become rich as a result. She has mastered the mystics of money and shares her wisdom with women who are ready to rise into who they came here to be. She believes the richer life is, the richer we become financially and that we are all here to rise together, shifting the paradigms of the world one activated woman at a time.  Thought Roomies- I started a Telegram channel!!! More than 190+ you have already joined this free community where you'll receive my daily musings, poetry, playlists, meditations, insights, live streams, and more! Want to get into my inner circle? Click here → https://t.me/hallie_rose ←    If You Enjoy The Thought Room Please Subscribe and Give Us a 5-Star Rating ★★★★★ and Review on Apple Podcasts or give us a shoutout on Instagram with your favorite moment from this episode for a chance to be re-shared. Find me on Instagram @hallie_rosebud and @thoughtroompodcast.  If the Thought Room means something to you, I want to know.  Your voice means the world, and YOU matter to me.  Please consider writing me a line or two, or share your excitement by tapping the link below.    ↓Quick link to leave some ♥ LOVE ♥  for The Thought Room: ↓    → https://kite.link/Review ←  As a thank you, download my free gift to you: 5 Minutes to Freedom Meditation  https://www.hallierose.com/meditation This episode is sponsored by:   Alive Water  Click here —> alivewaters.com Use the coupon code “THOUGHTROOM” for 15% off!   Upgraded Formulas Click here —> upgradedformulas.com Use the coupon code “THOUGHTROOM” for 15% off your first purchase!   Goddess Code Facial Oil  Click here —> goddesscodeskincare.com Use the coupon code “THOUGHTROOM” for 10% off!   Botanic Tonics Feel Free  Click here —> Botanic Tonics Feel Free Wellness Tonic   Use the coupon code “ThoughtRoom-20” for 20% off!   3rd Eye Cacao:  Click here —> https://thirdeyecacao.com/thoughtroom Use the coupon code “THOUGHTROOM” for 15% off!   Why cacao? As an excellent alternative to coffee, cacao is rich in theobromine, a native relative to caffeine. Theobromine's heart-opening effects energize the body and elevate the mood.  Third Eye Cacao is organically grown, hand picked and sun-dried. Just boil water— Third Eye Cacao is easy enough for your morning ritual, and pure enough to be used for cacao ceremonies! (Check out Ep. 40 with Third Eye Founder, Neil Ryan Dumra).    Somatic Release Breathwork:  Click here —> Somatic Release Breathwork Training with Steven Jaggers Use the coupon code “THOUGHTROOM” for $200 off in-person or online training!   Ra Optics Click here —> RaOptics.com Use the coupon code “THOUGHTROOM” for 15% off your online purchase! Topics Explored:    7:00 - The power of the breath as a portal for gratitude and connection with your idyllic inner child 17:05 - How Jenn overcame poverty, a family history of addiction, and an eating disorder to create the life of her dreams How Crossfit helped Jenn fall in love with herself and find her inner badass (and her husband!)  34:52 - Monetizing your gifts through entrepreneurship Reframing our money mindset to shift out of the victim mindset and transmute our fear Valuing ourselves with the recognition that service doesn't require you to be a financial martyr Releasing shame around desire and money 58:08 - How Jenn went from debt-riddled teacher to self-made millionaire Casting energetic projections of financial milestones   Reprogramming our circumstances from the inside to create an external reality in alignment with our highest self Embodying hope and gratitude by listening to the breadcrumbs that guide us Law of Attraction and reaching for a slightly better thought 1:17:48 - Jenn's daily gratitude practice that helped her embody wealth and abundance Breaking the cycle of addiction to being busy The power of meditation and visualization work to call in abundance The pitfalls of neutrality  Speaking to ourselves with kindness to honor and care for our body, mind and spirit 1:43:22 - Taking inventory in our relationships Setting necessary boundaries to give our friends the gift of self-responsibility  Articulating our needs and expectations for a conversation Respecting the Sacred Law of Free Will by getting consent before offering advice Honoring our relationships as mirrors while extending grace for the other person's human experience 2:10:15 - The Millionaire Mindset and money as an energy Why heart-centered individuals need wealth to fully make an impact and shift the paradigm Resources:   Jenn's Website | thejennkennedy.com Jenn on IG | @thejennkennedy Secrets of the Millionaire Mind by T. Harv Eker Think and Grow Rich by Napoleon Hill The Richest Man in Babylon by George S. Clason Money and the Law of Attraction by Esther Hicks   Connect with Hallie Rose: Thought Room IG | https://www.instagram.com/thoughtroompodcast/  Hallie Rose IG | https://www.instagram.com/hallie_rosebud/ YouTube |http://bit.ly/ThoughtRoomYouTube  Website | www.thoughtroompodcast.com    WAYS TO SUPPORT THIS SHOW!    → SUBSCRIBE: Apple, Spotify, YouTube     → LEAVE A SHORT APPLE PODCASTS REVIEW: https://kite.link/Review  Would you please consider leaving a typed review on Apple Podcasts? It takes less than 60 seconds and even a line or two makes a really big difference in helping to land prominent guests and help others discover the show!    →  SHARE: Spread the word! Text a friend this episode!  Tag @hallie_rosebud @thoughtroompodcast on your IG story or feed

Nicole & Kate Can Relate
Special Feature: Katie VanBuskirk on mental health

Nicole & Kate Can Relate

Play Episode Listen Later Sep 4, 2022 43:42


Mental health and wellness is something we all know is important. But how widely accepted is it? And do people shy away from getting help because of fear of judgment - or worse, because they don't have access?In this episode we've invited our good friend Katie VanBuskirk, PHD in clinical psychology, on the mic to chat about mental health. We also discuss some of the tools that are becoming more and more widely available to support those seeking help.Points Discussed in this Episode How counseling and telemedicine has become much more widely available (and leveraged) since Covid It seems individuals are more open to talking about and sharing that they're in counseling or talking to a therapist - it's becoming more “accepted”… is that actually the case? Our responsibility as business owners to take care of our own mental health, in addition to providing support and tools for our teams Not knowing how to identify certain feelings like anxiety or stress; what's the best course of action for someone? Ways we interact and engage on social media and how that shapes our experience with social media Giving someone permission to be upset about something / grieve  The vast difference between for some re: what our parents might have experienced growing up versus our experience as children  How does mindset, meditation, and mindfulness fit into psychology and counseling - are they intertwined? Everyone has their own way of dealing with mental wellness; what's therapeutic for one person might be different for another  Mentioned in this episode Detox Your Thoughts by Andrea Bonior, PhD (recommended by Nicole) Feeling Good by David D. Burns (recommended by Katie) Secrets of the Millionaire Mind by T. Harv Eker (recommended by Kate) P.S. If this convo brings up anything for you and you need further help or guidance, check out these resources: BetterHelp Online Counseling - private therapy anytime, anywhere TalkSpace Online Therapy - Feeling better starts with a single message Lifeline or Beyond Blue (Australia)Asking for help shows strength. Thank you so much for joining us for this Special Feature episode with Katie VanBuskirk on mental health!Don't forget to follow or subscribe to Nicole & Kate Can Relate for more episodes like this one! Our mission with this podcast is to share a candid convo one time per week to help provide love, support, and space for women to share without judgment, speak without hesitation, and learn from each other - even when we don't agree.

The 'X' Zone Radio Show
Rob McConnell Interviews - ANGELICA WAGNER - Secrets of the Millionaire Mind

The 'X' Zone Radio Show

Play Episode Listen Later Sep 1, 2022 41:28


Our chosen path frequently leads to dead ends. The journey becomes relentless in the pursuit of perfection, or in the pursuit of giving the very best of ourselves. As we travel the path to excellence there may be potholes, logs, or other obstructions. Sometimes there can be streams or creeks to jump over. Wildlife may appear as we stop to gaze in awe and wonder. Even if we go on the journey with a full knapsack of supplies, our trail mix of seeds and nuts, appropriate hiking gear, and spring water to quench our thirst, will we be ready for the adventures awaiting us? Will we be ready for all of the surprises that have been planned, for our growth and our lessons? Whether the journey is for a corporation, an entrepreneur, or an individual, the secrets are found in everyday encounters of the travelers we meet along the path or at the party. The secrets show up in paths leading to places we did not expect to visit. The secrets often show up in taking a wrong turn, or the wrong exit. The secrets show up to surprise and delight us, and to show us a different way to choose. Taking the path less traveled is necessary for our growth. It gives us endurance. It teaches us to persevere. From the pain of the mistake, the opportunity for growth shows up as a tiny blossom on a tree after winter. Where there is endurance and a relentless pursuit, there will be growth in character. From this place of character, the individual finds success. From success, there grows delight and even JOY! Money shows up to confirm that you are in the right place at the right time. Secrets are learned as lessons along the journey with an opportunity for change. Lessons only show up when we are ready to learn from them, and their timing is always impeccable! On the stage of life when we finally take our last bow to say thank you for the gift of life, and our contribution to it, there is ultimately only an audience of one. The miracle and gift of who you are is all the applause you will ever need. Carpe diem……. Seize the day, seize the opportunity, seize the miracle of LIFE by being who you truly are, giving the excellent gift only you were sent to the party to give. Give the gift of yourself fully, completely, daily! - www.onemiracle.biz

Self Discovery with Jaclyn Steele
Want financial abundance? Do this first!

Self Discovery with Jaclyn Steele

Play Episode Listen Later Aug 31, 2022 29:55 Transcription Available


Chances are, unless you grew up with parents who had a really good and healthy relationship with money, then you have money issues. I'm definitely in the money issues camp, so no shame here! However, I've been doing a lot of work around money over the last few years and I want to share some of this knowledge with you today. I'm not where I want to be yet, but this system that I'm going to share with you, is the most fun money management system I have ever used.BOOKS MENTIONED:Rich Dad, Poor Dad by Robert KiyosakiSecrets of the Millionaire Mind by T. Harv EkerPRODUCTS MENTIONED...THE GOLDEN SECRETS:https://www.thegoldensecrets.com and use code: JACLYN10 for 10% off your orderRYZE SUPERFOOD MUSHROOM COFFEE:https://www.ryzesuperfoods.com  and use Code: JACLYN at checkout for 15% offCONNECT WITH JACLYN:+ Website: jaclynsteele.com+ Instagram: @jaclynsteele+ Youtube: officialjaclynsteele+ Facebook: jaclynsteeleinternational+ Clubhouse: @jaclynsteele+ Sign up for THE SCOOP & get the skinny on the latest wellness, beauty, & self development trends, as well as exclusive email-only content.TEXT ME:+1 480-531-6858 or follow this link. :)SUPPORT THE SHOW:PaypalLight, Love, & Peace,Jaclyn Steele Support the show

Inside The Mind of a Child Genius
#44 - Jackie's Writings 1/2: Adult Disappointment

Inside The Mind of a Child Genius

Play Episode Listen Later Aug 27, 2022 96:06 Transcription Available


Jackie from the Fire the Canon Podcast visits for this exciting new mini season where we test multiple catchphrases, roast a grandpa, and revisit some particularly low points in our lives - in a fun way! Listen for tips on how to save positive money, distinguish between cats and possums, and even discover what it's like to be a Republican. Also in this episode: “Why do you smell like a bush?”, “You should see this shitty dog.”, “I went to a hard kindergarten.”, Jimmy Buffett, Secrets of the Millionaire Mind, Zillow, Carolina Panthers, Apple Jacks, Ford, Walt Disney, and Juilliard.

Purpose Infused Brotherhood Podcast
Self Awareness with Daniel Gomez

Purpose Infused Brotherhood Podcast

Play Episode Listen Later Aug 25, 2022 49:14


Self Awareness with Daniel GomezJohn and I are so excited to have on the award winning author, speaker, and podcaster Daniel Gomez Daniel Gomez is an Award-Winning Keynote Speaker, Business Coach, Executive Coach, Corporate Trainer, and Podcast of the Year Recipient. Daniel speaks and coaches at events all over the world! His passion is to elevate businesses and entrepreneurs to achieve their true potential through their training and coaching programs. Daniel has empowered his clients to achieve epic success in their personal and professional lives. He is an International Best-Selling Author. Daniel's book, “The Makings of a Millionaire Mind”, was published to give people the right approach, the right attitude, and the right heart in becoming a millionaire God's way so they don't self-implode and self-destruct.  Daniel's high-energy and ability to unlock the untapped potential in people has made him a highly sought-out keynote speaker and corporate trainer for top organizations including the U.S. Air Force. He was honored with the “Best of 2019, 2020 & 2021” awards for his training and business coaching. He and his wife, Mari Gomez, believe in giving back and support women whose lives have been impacted by breast cancer through their 501(c)(3) nonprofit “The Mari Strong Foundation.” Daniel is a true professional and easy to work with! Connect with Daniel and Grab his Book!!  Makings of a Millionaire Mind Online Course: https://themakingsofamillionairemind.com/ (https://themakingsofamillionairemind.com/) Complimentary Discovery Session: https://bit.ly/meetdanielgomez (https://bit.ly/meetdanielgomez) Website: https://themakingsofamillionairemind.com/ (https://themakingsofamillionairemind.com) & http://www.danielgomezglobal.com/ (www.danielgomezglobal.com) Facebook: https://www.facebook.com/danielgomezinspires (https://www.facebook.com/danielgomezinspires) Instagram: http://www.instagram.com/danielgomezinspires (www.instagram.com/danielgomezinspires) We know you found value in this episode so we ask you to do 4 things: Download the episode for future use. Subscribe to the Podcast to hear it weekly. Rate and Give us a Review Share this episode with just 1 other man that you know can use this message!! Men, Start Today >> Build your Purpose with the Purpose Infused Brotherhood You are the Responsible Man but STOP feeling Stressed and like you are always trying to spin too many plates at once. Become more: Intentional Purposeful Excited about Life Become a Purpose Infused Brotherhood Member Now Head to https://www.purposeinfusedbrotherhood.com/brotherhood-membership-info-and-registration (www.PurposeInfusedBrotherhood.com) go to the top and click on START HERE.  Take action on your PURPOSE Now!

The Entrepreneur Evolution
221. Episode #111: Tamar Hermes of Wealth Building Concierge

The Entrepreneur Evolution

Play Episode Listen Later Aug 23, 2022 20:45


On today's episode of the Entrepreneur Evolution Podcast, we are joined by Tamar Hermes. Tamar Hermes is a full-time Real Estate Investor, coach, author, and founder of Wealth Building Concierge guiding women to become financially free through Real Estate Investing. While growing successful businesses in the retail and entertainment industries, she built her portfolio in the Los Angeles area with no training or knowledge. Once she realized how possible it was for every woman to own assets over seven figures through investing, she started to teach others to do the same. Her mission is to support women in overcoming fear, overwhelm, failure, and lack of confidence and knowledge in investing by educating them about how to do it and putting all of their options on the table to find the best solutions. She coaches successful women across the country through their hesitations about investing and growing wealth. Her clients go from having hundreds of thousands in the bank earning little to no interest to earning upwards of 10% annualized returns. She is a contributing writer to the Bigger Pockets blog. She has been featured on podcasts including Bigger Pockets, The Real Estate InvestHER, Cashflow Ninja, The Short Term Show, Millionaire Mind cast, and more. Her book The Millionairess Mentality: A Professional Women's Guide to Growing Wealth through Real Estate was released last month. Audiences can purchase my book by going to tamarbook.com and can get my FREE Real Estate Investing Personality Quiz at tamarquiz.com We would love to hear from you, and it would be awesome if you left us a 5-star review. Your feedback means the world to us, and we will be sure to send you a special thank you for your kind words. Don't forget to hit “subscribe” to automatically be notified when guest interviews and Express Tips drop every Tuesday and Friday. Interested in joining our monthly entrepreneur membership? Email Annette directly at yourock@ievolveconsulting.com to learn more. Ready to invest in yourself? Book your free session with Annette HERE. Keep evolving, entrepreneur. We are SO proud of you! --- Support this podcast: https://anchor.fm/annette-walter/support

Short Term Rental Secrets Podcast
Ep 112 - Unlocking Your Millionaire Mind

Short Term Rental Secrets Podcast

Play Episode Listen Later Aug 22, 2022 14:02


Mike Sjogren is a short-term rental expert and coach. He has a portfolio of STR properties across 5 states as well as an oceanfront boutique hotel. Mike brings a wealth of finance, business, and real estate experience. He is passionate about helping others create financial independence through real estate so they can pursue their passions and leave their mark on the world. https://www.facebook.com/groups/STRentalsecrets https://www.facebook.com/theAirbnbGuy https://www.instagram.com/the_airbnbguy https://www.youtube.com/c/ShortTermRentalSecretsShow https://www.linkedin.com/in/mikesjogren https://www.clubhouse.com/@michaelsjogren Unlock your full potential and become limitless. Take action here. This episode is sponsored by our friends at Vintory. Take the demo now and get $50 Amazon gift by going to this link. Learn more about your ad choices. Visit megaphone.fm/adchoices

Date Smart
What Is Your Money Mindset & How Does It Affect Your Dating Life?

Date Smart

Play Episode Listen Later Aug 11, 2022 24:21 Transcription Available


Important note: This is the second episode in a series. If you're just joining us, I urge you to go back and start at the beginning.Whether you're dating or in a committed relationship, understanding your and your partner's money mindset is one of the most essential skills you'll learn. Did you know we all have a “financial blueprint”? This blueprint is created and molded in our childhood and is influenced by our family and environment. Two things can happen when creating your blueprint as a child. You see a habit or pattern and you mimic that behavior and adopt it as your own, or you see a habit or pattern and you reject that behavior because you don't agree with it. And for the truly self-aware, you see a habit and pattern, recognize how it has affected your life, and choose your own path. It all starts with the question, “How are you identical or opposite to either of your parent's money habits and ways of being?”This podcast series features Rebel Finance School founders Alan & Katie Donegan. They offer a free 10-week finance course on how to master your personal finances. Check it out here: http://rebelfinanceschool.com. Resources mentioned in the episode:Eight Dates: Essential Conversations for a Lifetime of Love by John & Julie GottmanSecrets of the Millionaire Mind by T. Harv EkerI Will Teach You To Be Rich by Ramit SethiNotes from a Friend by Tony RobbinsThis podcast is brought to you by Ambiance Matchmaking, a matchmaking service for conscious leaders, creatives, and entrepreneurs. Apply to become a member: ambiancematchmaking.com/apply. If you enjoy the podcast, would you please consider leaving us a review? It makes a huge difference and helps others find our show.Newsletter: ambiancematchmaking.com/newsletterBlog: ambiancematchmaking.com/blogInstagram: instagram.com/ambiancematch Facebook: facebook.com/ambiancematchTwitter: twitter.com/ambiancematch YouTube: youtube.com/channel/UCZzRwyQQZVE8qiqo2VzZ44w DISCLAIMER: The views, information, or opinions expressed on this podcast are solely those of the individuals involved. The primary purpose of this podcast is to educate and inform. This podcast does not constitute medical or other professional advice or services.

The Remote Real Estate Investor
From the restaurant business to single-family to multi-family real estate investor

The Remote Real Estate Investor

Play Episode Listen Later Aug 9, 2022 33:05


Gino Barbaro is an investor, business owner, author, and entrepreneur. As a real estate entrepreneur, he has grown his portfolio to over $100,000,000 in assets under management and is teaching others how to do the same. Gino Barbaro is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right ™. When starting their real estate investing career, most investors initially think about buying a single-family property (whether that's one home or a condo) and renting it out. Multifamily, though, is an entirely different story. Few people have experience buying an apartment building, let alone being in charge of running one. How does multifamily compare to single-family investing? In today's episode Gino shares insights on being a multifamily entrepreneur and syndicator.   Episode Link: https://jakeandgino.com/ --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, what is going on? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Gino Barbaro, and he's going to be talking to us about being a multifamily entrepreneur and syndicator who used to be a restaurant owner. So let's get right into it.   Gino what's going on, man, thanks so much for taking the time to hang out with me today. I appreciate you coming on.   Gino: Michael, thanks for having me on. It's gonna be a lot of fun. We're going to talk a remote investing seems like an all you single family, people out there. Come over to the dark side. The dark side is multifamily. I know it's the pie in the sky out there but trust me if the pizza guy and the drug rep can do it. Anybody can do it, Mike.   Michael: I love it, I love it. You know, so I know a little bit about your background. Give all of our listeners who might not be familiar with who you are, where you're coming from, and what is it you're doing in real estate today.   Gino: When people ask me that my wife always says Gino, you need to expand upon your background and I'm like, I hate talking about myself and I could spend the next 30 minutes talking about myself because I'm not a young dude anymore but real quick. I'm gonna give me the 32nd overview. I got into real estate, probably out of college family. I went into the restaurant business and it was awesome. The first 10 years the restaurant business back in the early 2000s. Late 90s was phenomenal every business was great back then you could actually have an you know, a middle class lifestyle that way we were having a small business 2007 hits my father passes away and I went to work with my dad since I was eight years old. So I was in the business with him. I saw him every day and at that point, I start saying to myself, and I've shared this story a couple times in my living his dream or is it really my dream coincided with the Great Recession of 2008 all of a sudden, I'm working harder.   I've got freaking GrubHub I've got Uber I got all these things delivering you can buy Taco Bell for three bucks was gonna come on by Geno's pizza. You know, I mean, the competition was fierce. I was losing the appetite for business because I didn't have a business. I basically had a job. How many of you out there feel like that have a small business and I didn't understand core values. I didn't understand how to scale a business. I had one restaurant, and I met Jake. Fortunately, in 2009, he was a pharmaceutical rep getting food out of my restaurant and delivering it to doctors' offices but that was starting to end because of Obama's Sunshine Act. So that started waning and Jake says to himself, I'm leaving New York, I'm going to Knoxville Tennessee, and me is the proud New Yorker says where's Knoxville didn't know where it was back in 2009. I didn't and he goes down there. I would open a laptop. I'm like, dude, you got some deals down here. Let's start looking at deals and at that time, I was fortunate because I just started my mentorship program. I started investing in education. I knew the business aspect of it. I had done a few deals prior that were terrible. They weren't real, they weren't multifamily. There were other real estate deals and that's why I decided to really get focused on the education aspect of it. In 2011, we get together and partner up, it takes us 18 months to find that first deal. We closed our first deal in 2013. The rest is history in like five years, we were able to close 1500 units and we're sitting at around 1600 units right now with you know, one syndication and the vast majority of our portfolio is owned by just me, Jake, and my partner, Mike and some of our, you know, employees are investing in our deals but you know, I guess probably the most important thing I left out as I've you know, husband, wife, a six, my wife, we have six kids, homeschool of six kids, I've got a 23 year old down to a seven year old and you know, everyone always asks, what's the why do you do what you do?   You know, always said that's the big question, Simon Sinek and for me, it's not really anybody can say family and it's really important, obviously, the family. But for me, I wanted my kids to have a really healthy understanding and a healthy relationship with money. I wanted to be their role model, I wanted my kids to see me that I love my job and I want to sit here in the studio, love what I'm doing. I also want my kids to see that we can create impact in our lives and really work towards our sole purpose and I saw that as multifamily as being that that vehicle. Now if I was educated enough where I was more intelligent enough younger, I could have done that with the restaurant. I just didn't know how to set up the business and with the restaurant, I still would have had to work on the weekends, I still would have worked the holidays. It was a different lifestyle. So I think multifamily is just gives you that amazing lifestyle. It gives you the generational wealth and it's also given me the ability to create legacy skills for my kids. I'm not going to give my kids a pile of money. I want my kids to work and to learn those skills and to be able to say hey, dad, you know what real estate really is a business so you can become an entrepreneur doing this and here's what you need to do and I want to translate those skills into my children and as well as the Jake and Gino community. That wasn't 30 seconds Mike I'm lying. It was probably about six minutes but I try I'd my best bro.   Michael: You're pretty close. So, you know, rewinding the clock a little bit, you said you did a couple of deals that didn't go so well, and then you kind of ended up in multifamily. So talk to us a little bit about what those deals were and then how did you end up with multifamily, like, how did you come to that conclusion?   Gino: A person with money meets a person with experience, the person with the experience gets the money and the person with the money gets the experience that was made in the first two deals and, you know, it's one of those things where one of our coaches says you either pay for your education in the classroom, or on the streets and unfortunately, I paid on the streets and looking back at it, it was, it wasn't my fault. The first deal, my partner was terrible. He was probably bordering on criminal, we had a syndication going on, but it wasn't a syndication but at the end of the day, I am 100% responsibility junkie. So it was on me not to do due diligence, it was on me not to flower to the property, it was on me to invest in a deal. So even though it was his mistake, ultimately, I had to take responsibility and that was a shift back in 2008. When I read the book by T Harv, Secrets of the Millionaire Mind, I understood that your fruits are in your roots and if you don't take responsibility for your actions, I mean, shame on you. I mean, I made a big mistake, I should have never invested in that first deal. That didn't stop me again. It's my second deal in 2000, late 2006 had extra money lying around, we bought a building up in New York, what are the wrong part of the cycle, wrong market, blah, blah, the list goes on and on made a huge mistake on that and then I ultimately said, Listen, I've got a four Plex that I invested in years ago. I liked the small multifamily. I can do it part time while I'm working the restaurant and I like dealing with residents and it's an asset class that I understand renting out. I don't know anything about commercial leases. I don't know anything about mobile home parks. I like the basic human need, its food, clothing and apartments. I like that my brain can understand that and that's a pivoted me over multifamily and didn't know anything about syndication.   They just knew that if I keep buy a couple of these a year, refinance my money out and continue to, you know, build a portfolio, there was no burr that you know, 10 years ago, 50 years ago, there was just a refi and roll. That's what we call it and that's why I got into it and I love the model. I love the simplicity, I could do it part time. I didn't want to get into single family homes, because I didn't want to fix and flip I had the job already. I'm like, how can I pay for my kids college and how can I pay for my retirement and how can I pay for their weddings and I'm like, well, I know what wealthy people do. They don't save for the event they save to buy an asset and that's why that's what ultimately shifted my mind and are they I'm gonna buy these assets. I'm going to start building wealth and I'm gonna let these assets pay for these events and that's why to me multifamily was a natural fit because I did not want that nine to five fix and flip mentality, work all that I'm already making transactional money, how do I get that equity and how do I build my wealth at the same time and I thought multifamily was a fantastic vehicle.   Michael: I love it and just for our listeners, let's clarify something when you say multifamily. What is it that you mean because there's obviously the small multifamily and then commercial multifamily. So it's clarify for us, what do you mean?   Gino: For multifamily to me, it can be duplex, you can go out there and buy duplex that's a multifamily to me maybe if it's for commercial purposes, five units and more is commercial. But crap. I mean, I bought a four Plex back in 2002. I sold it in 2019. That little bad boy cash load for me every month, I use it as part of my business one of the garages, I was paying myself 1500 bucks a month for to rent it because it was a it was a storage unit there as well. I would store the stuff in the restaurant there, I had rentals coming in, I was able to leverage it where hey, you have to plow that driveway, you plow my driveway, give me a break. So that four unit paid me really well over the years I use that as far as cost segregation went. So you stack a few of those little multi families and the sky's the limit and I want everyone to really think about this process that we were talking about. I'm talking about the conveyor belts, we were coming out with this trademark. It's called conveyor belt of real estate and what it is it's an imaginary conveyor belts in front of you picture in your mind, you're starting to buy assets, or you're starting to stack these assets on this imaginary belt, and it can be a two unit. Then next year, you buy a six unit, then it's a 12 unit and as these assets start to matriculate, and you start to get equity out of them. What do you do with them, you either refinance them out, pull the pull the equity out, and put it into the next deal, or you sell it, or you continue to hold it but you want to start putting assets in that conveyor belt. It doesn't matter how big they are, it matters how well they're going to do for you and just starting, if you're waiting to buy assets, you're waiting for the next correction, it's never going to come you have to be ready when you're ready. I was ready in 2011 with Jake, I said I'm done. I need to start and in 2013 everyone's like oh the deals are great back then GDP suck. It was a 1% rents back then for a one bedroom worth 350 bucks. Now rents that same apartment complex for 995 plus rubs because we still own it. So evaluations have exploded. There was no syndication back then. You couldn't you couldn't read was money back then who nobody was giving you money to buy multifamily cap rates were high, because there was a lot of risk in the market because the economy was terrible. So don't blame circumstances or where you are in the part of the cycle. Great Investors, whether you're in the stock market, real estate, self-storage, you're making money on them when the market goes up and when the market goes down.   Michael: Yeah, no, I love that and you know, you said something that I want to come back to because I love the strategy. But you said rubs rent plus, rather in Santa Ana five plus reps, what is rubs for all of our listeners,   Gino: Sorry about that. So rubs his ratio utility billing system and what happens is a lot of these Mom and Pop owners when they have a property, and it's all bills paid, so let's say a little 10 unit apartment complex, and there's one water meter, well, the owner traditionally pays for all of the water on the on the property, because there's no separately meter. So instead of separately metering it, what you would do is you'd buy the property, and then you say to yourself, okay, the water bill is $1,000, there's 10 units, I'm going to split up and pro rata share each one of those and let the residents pay for that and it doesn't seem like a lot of money. But if there's 10 units, and let's say the water bill is 50 bucks per unit, 50 bucks times 10 unit is $5,000 a month of 50 bucks times 10 is $500 per month, and then times 12 is $6,000 a year. Now, $6,000 a year at a 10 cap is $60,000 in value at a five cap, it's $120,000 that you've just created in value on a little 10 unit apartment complex.   Do you think you can get rich doing that once every couple of years? How many pizzas do you need to make to make 120 grand? You don't know, I know there's a lot of flour and a lot of sweat doing that. So there's so many ways to make money in multifamily and that's just a little 10 unit apartment complex. We've done that with 300 unit apartment complexes where all of a sudden, you're billing back. That's your billing, you can't build back more than what you're collecting. But you can build back for water sewer garbage trash, so you can collect it all back and obviously if the market allows it in Knoxville, Tennessee, where we are, it's traditional up in New York, we can't do that I had an oil tank for a four unit complex and my four units. That was just one heating bill. So what I did it I raised I raised the rents on average about what it was costing me to do that. So either way, you need to get it back to the residents, because they're the ones who are utilizing it and obviously, the most amazing thing happens socialism doesn't work. All of a sudden, they're seeing that they get no water bill, guess what? Water consumption goes down. So not only is it good for you, it's good for the environment, people.   Michael: Yep, no, I love it. I love it and people always make the joke, you know, the owner is paying for the heating in the wintertime, windows open heats on 80 degrees in the house and it's like come on.   Gino: And that's it's real, Michael that that I mean, I drove by that place on or when I had it back in 2015. I drove by one day putting stuff in, it was 22 degrees out in New York and I see the window up and I go up says I go Bros and they're like, Hey, there, it was 84 degrees that throws in Jamaica or something. I'm like guys, really, and they're not paying for the heat, because just kicking along. So for those of you out there, what I ended up actually doing was I ended up bringing the thermostat to the basement and putting the thermostat in the bait leaving the thermostats upstairs, but putting the control downstairs in the basement. So I had the control set. So then they couldn't touch with the controls and I was I was able to control all of those three apartments from that thermostat that was located in the base because after a while, it's like you get fed up with it and that same apartment complex I had all of the electric on one electric meter for the three units and I would always drive into that place my father would always tell me show you that the lights on the old Italian guy, the lights on the Dekoven are what are you gonna do? I'm like, Dad, I paid I paid the electrician six grand they get it a whole new panel and everything and that was the best six grand respects I shut my dad off.   Actually got I actually got electric consumption down. I pushed the electric onto them. So there's a ways that you can you can you can, you know, save the multifamily and you talk about a single family home, you can do that with one unit. But can you imagine if you have a 50 unit complex, are 100 unit complex. I think with entrepreneurs, the more problems you solve, the more money you're going to make. So the more residents you serve, the more units you have, the more money you're going to make and that's the dawned on me when we thought when we bought our first 25 unit property it was like wow, I 25 units in one location Jake is doing his pharmaceutical thing I'm doing my pizza thing. We can manage all 25 of those units, you go to the complex once and collect rents there you're showing units there. Every unit is very similar. So it's very easy to scale that you know where the hot water heaters are, you know, where the you know, one or two roofs on the property one or two landscapes grasses to cut hot water heaters. It's all very similar. You're buying basic boxes, and it's so easy to manage and it's so easy to scale that model as opposed to single family homes. Now if you're doing single family homes, congratulations because we've got a bunch of students in our community. I mean, there's one guy Andy and Scott, and they're both from Scotland. These guys amazing. They bought 100 they're up to 100 single family homes and it dawned on them maybe I could be doing something different.   Amazing, they're managing themselves and they still got a W two job one of them, kust the I don't even know how exactly, it's amazing. But to do all of that, you could have bought 100 unit complex and had the same scalability and had the same results. But you don't know what you don't know and that's what happened, me and Jake, we thought, hey, four units, let's do that we're great. 25 units, great. But once you start buying these assets, you start seeing, and I'm sure a lot of your guests have said, this is just numbers on a paper, right? That's really what it is, your behaviors are belief driven. If you think you can buy a 20 unit, you can, if you think once you've done that, you're like, oh, I've done that. Let me push the envelope and go to a 40 unit, then you can believe you can do it, then you'll end up achieving that it really does limit us sometimes when you think you can't do something is everyone's always saying to me, well, what's one of your regrets. One of the regrets was I should have probably started buying 100 units early on, but I didn't have the skill set, I didn't have the mindset to do it. So wishing I would done something and actually doing it are two completely different things.   Michael: Yeah and I think that makes a ton of sense and I'm a big believer in that too. But do you know, let's touch on like the mindset, because so many folks in our community, both on the rootstock side in the Roofstock Academy side, are very comfortable with single family because they understand it, they lived in one or they've owned it as their primary, they maybe never owned an apartment building or maybe I've never lived in an important thing. So if for whatever reason, there's this mental hurdle that needs to get overcome to make that leap. What does that look like and what have you seen work for people in describing and kind of coaching people through how to make the leap from single family to multi?   Gino: Michael, that's a great question. If I had to stop and think for a second, I think multifamily tends to be more of a team sport, or a single family, people are more comfortable owning three, or four, or five or six, and they're doing everything themselves and unfortunately, there's a book called Built to Sell when you're buying single family homes scattered about you don't have anything really that's I'm not saying that that's sellable, you can still package it. But there's not an intrinsic value. As far as if you're having these apartment complexes, where you're looking long term and saying, hey, I have this 40 unit here, this add to here, much easier to sell, they're more of a business and it's the much higher multiple. When you're looking at it, I would say if you're really afraid of getting into the multifamily space, first thing I would always recommend everybody to do is what I did, I just go out there and pay for your education. I say invest in education, but find a mentor, find a group, find somebody who's doing it at a high level that you really respect that you really admire and the accountability piece that comes with it. Once you spend money on that you're going to show up for those calls, you're going to come to these events, you're going to do the work you got you're going to follow through with what the coach tells you to do, because you've invested in it.   I think the other thing is start small, I would say think big think as big as possible. But start with a two unit or a four unit. It doesn't matter how big it is. It just matters that you buy something and my other thing is I will probably would not be here if it wasn't for my partner, Jake, I had an amazing partnership and for us, we only needed just me and him. It wasn't anybody else. It was just the two of us. There's groups in our community that have three, four or five people on because one's a capital raiser one's boots on the ground, one's an underwriter, one loves to talk to investors, just start out small and start out if you can't do it yourself, find somebody who's going to hold you accountable. Find someone who has, you know, their, your values aligned with each other, find someone who's going to want to be into multifamily for the long term, instead of someone who's jumping around in crypto and next week is self-storage and the week after his mobile home parks really playing your flag and multifamily, give yourself a couple of months to do the homework and then go out there and start networking and selecting that market is very, very important and once you select the market, start networking with brokers, and you know if you're in a community with other community members who are investing in that market, and like I said, it's important once again, start small, you don't have to start with an eight unit complex. Start with a duplex a quad and what I've seen from students and myself and Jake, you know, very similar, you'll start with a two, then go to a six, then go to a 20 unit, then when you're 20 units, you're like I don't have any more money, well, maybe you'll refi a deal out or you'll start syndicating and raising capital for a larger deal. I think the quote from Mark Twain I always I always mentioned it's not what you don't know that what hurts you. It's what you know, for sure. That just ain't so and what I really mean by that quote is that people like well, you need money, and I don't have any money, or I don't have a balance sheet to get into multifamily and I mean, did Mark Zuckerberg stop from creating Facebook because he didn't have money. He had an idea. He had no money. Michael Dell, Bill Gates, a lot of these entrepreneurs didn't have the money, but they had the idea and they have the experience and they had the systems and they had the knowledge. If you're gonna get into multifamily learn the business itself and if you can understand how to create value in that space, you'll learn how to raise capital for these deals, and you will begin to bigger deals.   Michael: I love it, I love it. Do you know let's talk to that was it Andy and Scott, who are two of your students that have the 100 single families? Yes, talk to the Andes and Scouts of the world for just a minute and they understand clearly the single family mechanics how to buy single family homes. So what we love on the show is really actionable steps and takeaways things that people can go really chew on. So what are the physical mechanics that are different rent for somebody if they want to go buy that quad. It's like I understand single family, what do I have to do differently to go and get into a quad?   Gino: Andy and Scott did something that I don't think a lot of people in the single family space and very few people in the multifamily space do. They have a certain buyer criteria that I don't even think they understood themselves, they were buying a specific house in Section eight with a specific tenant and a specific area with a specific unit mix and I looked at your portfolio and like wow, you guys own very similar with using creative financing. I mean, it's amazing how dialed in they were for us when students start learning the process and this should be for your single family home investors as well or any market real estate market niche understand where you are in the market cycle, we call it the three pillars of real estate because this is really important and no take notes on this because this translates I think throughout all niches real estate, the three pillars are market cycle, their debt, and their exit strategy and you have to understand where you are in the market cycle of your specific market. Because back in 2013, that was a buyers' market cycle, back then you're buying anything you can you're buying old assets, new assets, old assets, because they're cheap, and there's a runway for you to make money on them. So you can fix them up, buy them cheap, fix them up, and then sell them.   It's very similar to the single family space, as the market cycle gets longer, and there's more risk and these assets are getting older, the older assets, those older houses are probably just as much as expensive as the newer houses. So why buy the older houses with all that capex and all that work, where you could buy something a little bit newer, and you're going to hold it for a longer part of the market cycle. So understanding where you are in the market cycle will help you formulate what you're buying. Right now we're buying assets that are newer, we're buying assets that are in really good parts of the market, because the market cycle right now, if there's a downturn, guess what you're gonna have to hold on to this deal a little bit longer than what you thought I'd rather buy an asset that's a little bit newer and that's in a better market part of the market cycle and a better part of the market than something that's older. So we've transitioned into that. I would also say that exit strategy, understanding what you're going to do with this, you know, a lot of people buying these homes, what are we doing? Are we going to keep them for the next two years? Are we gonna flip out, people just buy a deal because they think it's a great deal? Well, every deal, as our coach Bill Hamm says, you know, wheels up, you're on the air, he's a pilot, you're flying that plane, you don't have to take off, you'd have to buy the deal. But once you buy the deal, that deal is gonna land sooner or later, you're you know, it's either crashing down crashing, you're gonna get foreclosed on, you're going to sell it, you're going to refi it, whatever that looks like. So understand what your exit strategy is and then let's talk about what the debt component is because once you know what the exit strategy is, are you getting bridge debt? Are you getting community debt? Are you getting agency what we talked about Fannie and Freddie and these bigger multifamily deals? Is it going to be shorter term debt, long term debt, we're even using credit unions. Credit unions are really big in this space and multifamily is all of a sudden they've seen they're not banks, they're nonprofit. I don't know how they make their money, but they're getting their way into it and it's really a big viable option.   But once you've taken all that into consideration, you're looking at the three pillars of real estate, you're looking at market cycle, debt and exit strategy. Now let's chunk down what kind of assets you're buying in multifamily, specifically and even single family, what kind of homes where are these homes located and for us, we like to look at median income, because we're looking at median income, we can figure out what kind of renters there are, when we've made mistakes on deals, it's when the median income is lower, it's mid 30s 35, 40. That's when we have problems when we're buying in those areas that are marginal, because unless you know the path of progress is going there, meaning incomes gonna rise. That lower median income means you can't raise rents as much it means the quality of the resident is harder, there's more return on effort. There's so much effort involved in that asset. So be wary of that. So we're looking for specific median income, at least 50 grand we're looking for our for our specific, you know, niche. We love two bedroom townhomes. So if you're if you're a single family home investor, okay, I want to look for three bedrooms, two baths $50,000, median income, this part of the city I like garages, whatever that looks like. So figure out what for your criteria is because when you're looking at a deal, you can just check it off and say that doesn't fit my criteria or hey, I liked this deal. Even more importantly, when you're talking to brokers, you can push it out to all your broker friends and say when this kind of deal comes across your table, call me up and getting crystal clear on more, I guess buyer criteria. We love assets that have amenities in the multifamily space washer dryer hookups, for some reason are really huge.   So maybe in the single family space, hey, you want to have a place with a pool, maybe a little patio, Little Dog, a little enclosure place for the tenants, or maybe having washer dryer hookups in the single family home and offering that amenity as well. So figure out what the criteria is what kind of asset you want to buy. I think that'd be really helpful for anybody, whether they're buying single family homes, whether investing in self-storage, or multifamily and this criteria is going to change. That's why you really need to stay educated because market cycles change. As the market cycle changes. You're going to you're going to be buying assets that are different because as the as goes from a seller's market back to a buyers' market prices are going to drop, you're gonna see those see assets come down in price, maybe. So looking at those assets more you can pay it's a function of price. If you can pay less for an asset in those buyers markets, you're more willing to buy an older asset because your capital requirements are still there. But you're still able to make money because there's a bigger, bigger, bigger price range where you can go up holding these assets for a little while and refine them is really important in our strategy as well, I did it.   Michael: Gino, you said something that I want to circle back to you were talking about the exit strategy and I love the pilot analogy that you shared a question for you if someone is listening to this, and they're just getting started and they understand that real estate investing is great. It can be powerful to understand the fundamentals. But maybe they're not sure what their exit strategy looks like. They can't think that far ahead. Should that person wait? Is that person not educated enough in your opinion or should they? Are they okay to figure it out on the fly?   Gino: That's a that is a good question. I started not understanding it myself. So don't let that hold you back. I you know, the thing is we it's so hard to be an entrepreneur and to be an investor and to how we will we call the long term mindset, we created a brand called the 100 year real estate investor because what me and you're doing right now, our actions are affecting our kids and our grandkids. That's the reality. So if you're waiting to buy multifamily, you wait five years, well, that's five years that you could have owned something and waiting and waiting and waiting for me. When you buy an asset, it depends on the size of the asset. If you buy a $50,000 home, there's less risk in that than investing in a $70 million multifamily. So it depends what you're starting on as well. Also, that's the that's the important thing. But getting clear on why you're choosing real estate. I mean, why real estate? There's so many vehicles out there. There's so much out there. Real estate is a business and I think people don't understand that I didn't for a long time i Our slogan Jake and Gino as we create multifamily entrepreneurs, that that's the reality when you buying real estate, you're buying an asset, but you're also buying a business. How many investments can you do that with if you can think about it, you're buying a stock, you're just doing an investment as a stock.   But with real estate, you can become a real estate professional, it can really help you immensely on your taxes, you're actually buying assets that you start asset, managing it and looking at it from the from the investors perspective, and you're able to scale up and start hiring people. So you're building the business and then from that, you're able to create multiple streams of revenue from that one asset. So if you have 30, single family homes, you're out there, you're like, wow, okay, I've got 30 singles, I can start an education platform. I can start writing books, I can start doing YouTube videos, I can partner up and I can start lending private money, I can start doing hard money. I can have a little fix and flip business going on. I can get my broker's license, Title Company, why don't I partner up with Sony's as a title company all these different streams of revenue coming from that single family home portfolio. We did the same thing with our mobile with our multifamily portfolio, we started the education company, we started a syndication company raising capital, we have a development company now that will start building multifamily assets. We have 100 year company that we're selling whole life insurance to our you know, students as well to be able to invest in multifamily. So I think when you're looking at real estate, and you haven't started yet, it's an amazing business, learn the whole entire business and the and the opportunities that it gives you because that's why I want people to stop investing in single family and get into multifamily, because you can start hiring out a property manager, you can start hiring out maintenance techs to help you with that part of the business. That's very important but I mean, should you be changing toilets. I mean, when you first started, obviously, when you have six to seven units, you should be really going out there paying somebody to do that and your value is an underwriting deals, your values and talking to investors to invest in your next deal your values and creating another business that aligns with multifamily not doing those tasks that really pay 30 or 40-30 to $40 an hour, which is probably a lot in a lot of markets. But still, that's not what you should be doing. You should be focusing on those bigger tasks.   Michael: I dig it, I dig it. Gino, one more question. Before I let you out of here. You talked about being familiar and aware of where we are in the market cycle or where you are as an individual as an investor in the market cycle. Where are we right now?   Gino: Michael, this is one of the weirdest economies that I've been ever involved in and I'm a lot older than you I just don't when a recession. Can we define what a recession is if you're a Democrat, right? The definition if you're a Republican, you're screaming bloody murder. I'm an entrepreneur. I'm trying to figure out where we are. We've added so many jobs but yet companies are talking about laying jobs off. I just don't get a it's a such a dislocation, the supply chain. I try to buy a car a year out from buying a car, airplane tickets or double hotels or not avail I just I can't figure it out. But I think long term. I'm always bullish on the economy. I'm always I know there's there will be a way for to figure it out. Because if the person is not doing the job in office, that's why we have elections every two years. They're going to vote them out. Someone else is going to come in and things are going to change. I think long term real estate is will always be the place to be because it's an inflation hedge my rents are going up the same amount as inflation is going up or rents have been going up the unfortunate thing you've seen what's happened with the middle class, the middle classes get a paycheck. They've got you know, raises of seven, eight 10%.   A person who owns $50 million in real estate, their portfolio has gone up 10% In the last five years or whatever, they're up 5 million bucks. So it's you know, you have hard assets when all this money has been given to banks, what do banks do with this money, they lend it to people who buy assets, so assets have just gotten this natural swell. So if you're looking at it from the equity perspective, it's amazing and like I said, it is a basic human need demographics are such that the build to rent space has gotten huge because people don't want to buy homes, they want to be able to be you know, wanna be able to move wherever they want to their job trips over, they don't want to fix screen doors, they'd rather rent and that's really bodes well for multifamily and further for the rental space going forward and there's not enough there definitely is not enough of a supply of rentals out there and you saw what happened with rents in the last two years are up. You know, Knoxville alone was up 20% last year, year over year in one year because there's just not enough just be aware of where you're investing. I mean, I think areas that have job growth and population growth are always going to stand out. We love the Southeast Conference. You know, Tennessee, Florida, Carolinas Georgia, great part Texas. You know, everyone says Texas is booming as well. parts of Arizona are doing really well wherever you see migration wherever you see people moving to I would say you know bide here and Michael if you ever speak in the next five years anyone listening to this I'm sure even if they paid a little bit too much for the real estate today. They'll be happy five years from now that they invested in the deal today.   Michael: Love it Gino as we get you out of here if people want to learn more about you continue the conversation learn more about multifamily where's the best place for them to get a hold of you and do that?   Gino: Just go to https://jakeandgino.com/ , we've got an event coming out November 5 and sixth it's in it's in Orlando. It's our fifth conference multifamily mastery five we had 900 attendees there last year. I think this year we're going to top 1000 and it's just an awesome place to get with people who are doing deals who are raising money who are networking you're gonna find your next partner there we've got amazing speakers as well so just go on the Jake and Gino website figure out if you've got the ability we call on it. We always call it the financial vacation for smart people because you're gonna be down at Disney you gonna be hanging out with people and it's great. You bring the kids nine to five you know during the event afterwards you're at the resort you go to Disney so that's our flagship event for the search go to https://jakeandgino.com/   Michael: Awesome. Well, Gino you know, hey, thanks again, man for taking the time. This was super fun, really insightful. Definitely look forward to continuing conversation.   Gino: Thanks, Michael. Appreciate it.   Michael: Hey, you got it, take care.   Alright, everyone. That was our episode a big thank you to Gino for coming on and sharing some really great wisdom with everyone. For anyone who is interested in the space. Definitely go check out Gino and Jake's websites and as always, we look forward to seeing on the next one. Happy investing…

5 Minute Success - The Podcast
Tamar Hermes - Secrets of Millionairess Mentality Revealed: 5 Minute Success

5 Minute Success - The Podcast

Play Episode Listen Later Aug 2, 2022 26:57


Tamar Hermes is a full-time Real Estate Investor, coach, author, and founder of Wealth Building Concierge guiding women to become financially free through Real Estate Investing.  While growing successful businesses in the retail and entertainment industries, she built her portfolio in the Los Angeles area with no training or knowledge.  Once she realized how possible it was for every woman to own assets over seven figures through investing, she started to teach others to do the same.    Her mission is to support women in overcoming fear, overwhelm, failure, and lack of confidence in investing by educating them about how to do it and putting all of their options on the table to find the best solutions for every person. She coaches successful women across the country through their hesitations about investing and growing wealth. Her clients go from having hundreds of thousands in the bank earning little to no interest to earning upwards of 10% annualized returns.  She is a contributing writer to the Bigger Pockets blog and has been featured on podcasts including Bigger Pockets, The Real Estate InvestHER, Cashflow Ninja, The Short Term Show,  Millionaire Mind cast, and more. Her book The Millionairess Mentality: A Professional Women's Guide to Growing Wealth through Real Estate was released last month and is a 3x Amazon #1 bestseller.   In this episode, Karen and Tamar discuss: Success Story of Tamar Commit to Get Leads The most valuable (and easiest) place to get new clients is through the clients that already know, like, and trust you.  Consult to Sell Be as thorough as you can be. You will miss pieces if you race through transactions and don't keep the final goal in mind.  Connect to Build and Grow When we focus on the money and finances, we find out how the pieces work together and realize we have access to more than we realized.  Success Thinking, Activities and Vision You must honor who you are in your body and your mind. Have a practice that speaks to you, and is consistent, to honor that.  Sweet Spot of Success   "Money is a river that waters growth, money is expansive, money is tangible and allows us to do things, but it's also an energy. We need to really believe that we can move the money around and make more money." - Tamar Hermes    *5 Minute Success - Listener Giveaway* Go to https://wealthbuildingconcierge.com/ to take your FREE real estate investing personality quiz and https://www.themillionairessmentality.com/toolkit to get your FREE real estate investing toolkit that offers all the downloads from Tamar's book!    Connect with Tamar Hermes: Facebook: https://www.facebook.com/wealthbuildingconcierge  Website: https://wealthbuildingconcierge.com/  Book + Gifts: https://www.themillionairessmentality.com/  LinkedIn: https://www.linkedin.com/in/tamar-hermes-53b9114a/  Instagram: https://www.instagram.com/wealthbuildingconcierge/      About the Podcast Join host Karen Briscoe each month to learn how you can achieve success at a higher level by investing just 5 minutes a day! Tune in to hear powerful, inspirational success stories and expert insights from entrepreneurs, business owners, industry leaders, and real estate agents that will transform your business and life. Karen shares a-ha moments that have shaped her career and discusses key concepts from her book Real Estate Success in 5 Minutes a Day: Secrets of a Top Agent Revealed.   Here's to your success in business and in life!   Connect with Karen Briscoe: Twitter: @5MinuteSuccess Facebook: 5MinuteSuccess Website: 5MinuteSuccess.com Email: Karen@5MinuteSuccess.com   5 Minute Success Links  Learn more about Karen's book, Real Estate Success in 5 Minutes a Day   Karen also recommends Moira Lethbridge's book "Savvy Woman in 5 Minutes a Day"   Subscribe to 5 Minute Success Podcast   Spread the love and share the secrets of 5 Minute Success with your friends and colleagues!     Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

Millionaire Mindcast
Breaking Free Of The Bankers Business Model By Using The Shred Method For Financial Freedom | Adam Carroll

Millionaire Mindcast

Play Episode Listen Later Aug 1, 2022 57:14


In this episode of the Millionaire Mindcast, we have an incredible guest no other than Adam Carroll, who shares insights and wisdom on achieving time freedom, relationship freedom, financial freedom, service freedom, journey of paying off debts, Engineering finances by creating more discretionary income, and how the shred method can really unlock financial freedom for people in the next 3 to 5 years! Adam Carroll is a freedom fighter, savvy from an investment standpoint, an entrepreneur, author, professional speaker, mentor, documentary filmmaker, and podcast host. He changes lives by helping people succeed faster by building a bigger life not a bigger lifestyle. He wrote the book, “The Build a Bigger Life Manifesto”. At an early age, Adam really loves the idea of making money and entrepreneurship. He lives like a rich college kid and then quickly becomes a broke professional because of debts. He wanted to live a life differently from his parents and free from debts. Until he read over 100 books in personal finance. Together with his future wife, he took a great leap. He started learning investing intelligently in real estate deals, alternatives investments, syndications, and being a lender for some people. The couple was so aggressive about paying off debt and how they could minimize their lifestyle. They used their existing income in an efficient manner to blast away compound interest debt until they saw a huge financial success. Currently, Adam is not only obsessed with debts but of how to bring value to the people in terms of building wealth, financial freedom, and financial literacy!    Some Questions I Ask: Where did your wealth-building journey start? What were some of the early AHAs that made the biggest difference for you at the beginning? How can someone go about auditing their lifestyle and finances while enjoying what they're doing but still purposeful of unlocking real wealth and financial freedom? How have you and your wife have found the synergies of both of your financial personalities coming together to create a common goal that both of you get to enjoy? What does your financial rhythm look like? What is your interpretation of what good and bad debt is? What is the Shred Method? What do you see out there that you're paying close attention to when it comes to financial opportunities or threats?   In This Episode, You Will Learn: The 4 legacies for future generations Adam's takeaway in life Lifestyle design: life versus lifestyle Common sources of couple's financial friction How to make your home an asset and not a liability The Savings Analysis: How to quickly get out from debt The magic of HELOC The future of cryptocurrency and NFTs    Quotes: “Financial freedom leads to time freedom.” “Time freedom creates relationship freedom.” “Our deployment is our service to humanity.” “There are just so many ways to make money but the only way to make money is to have money to put to work.” “How big your why is, determines how big your life is.” “If you want to change the fruits, you must first change the roots.” “Well, if you want it, we'll just get it, we'll figure it out.” “Wealth is made in the crock pot not in the microwave.” “You have to have a bigger life, not a bigger lifestyle.”    Resources Mentioned:  Rich Dad Poor Dad book by Robert Kiyosaki Rich Dads Cashflow Quadrant book by Robert Kiyosaki Think and Grow Rich book by Napoleon Hill The Wealthy Barber book David Chilton How to Be a Billionaire book by Martin Fridson Secrets of the Millionaire Mind book by T. Harv Eker Smart Couples Finish Rich book by David Bach   Connect with Adam Carroll on:  Adamcarroll.info The Shred Method The Build a Bigger Life Manifesto book by Adam Carroll Build a Bigger Life Podcast Facebook Twitter   Sponsor Links: www.athleticgreens.com/mindcast Policy Genius Talkspace use code for $100 off: MINDCAST GoBundance  - Text: MILLIONAIRE to 844.447.1555 Credit Investor List - Text DEALS to 844.447.1555 Free Financial Audit: Text XRAY to 844.447.1555   Connect with Matty A. and Text me to 844.447.1555  Show Brought To You By: TheRichLifeAcademy.com Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

ITSEMILY
Oliver Trevena - A Man On A Mission!

ITSEMILY

Play Episode Listen Later Jul 20, 2022 42:48


Hi everyone! Welcome to the It's Emily Show. In today's episode, we have such an inspiring man with us. Oliver Trevena is a man on a mission, crushing it in every sense of his world. He's a successful actor, entrepreneur, and investor, but it is his philanthropy, generosity, and level of commitment that always fascinates me.  We cover so many topics in our conversation including how to truly let go of the worries in your life, the power of saying no and also why it's so important to have a morning routine (and what Oliver does each day). Oliver also shares why acceptance and gratitude are two important keys to finding joy in everything you do. There's so much to learn from this man and I'm so excited that we got the opportunity to talk to him about his humble beginnings and how he got to where he is today.  So sit back, relax, and dig into some great insights into what he is doing.   Also In This Episode: Oliver's journey from the UK to the USA and his rise to stardom The healing power of breath work Why it's important to persevere even when you feel like giving up. Investment tips for entrepreneurs - what you can do to get started. His exciting business venture - Caliwater Oliver's favorite books Giving back and paying it forward Overcoming obstacles and appreciating how far you have come Links and Resources Caliwater www.drinkcaliwater.com Next Health www.next-health.com  Books mentioned in this episode Go for No https://amzn.to/3OflUv9 The Untethered Soul https://amzn.to/3zgTFIc The Road Less Traveled https://amzn.to/3uXyRmR Secrets of the Millionaire Mind https://amzn.to/3aQjFRw  Connect with Oliver On Instagram On LinkedIn Connect with Emily On Website On Instagram On Facebook On Twitter On YouTube

As The Leader Grows with Ken Joslin
Daniel Gomez | The Makings of a Millionaire Mind

As The Leader Grows with Ken Joslin

Play Episode Listen Later Jul 20, 2022 37:45


If you want to understand and implement the makings of a millionaire mind, then you must listen to this conversation between Ken Joslin and Daniel Gomez. Daniel is an award-winning Motivational Keynote Speaker, Author, Business Coach, Corporate Trainer, Executive Coach, and Podcast of the Year recipient. Daniel speaks and coaches at events worldwide. Today he's sharing with Ken Joslin how he built a life of abundance and wealth and what steps you can take to do it.If you're going to create the identity of a millionaire mind, this episode will reveal the thoughts and patterns you'll need to adopt. Right out the gate, Daniel tells Ken about the role faith has played in his life and how people he's coached often undervalue themselves. Then, Daniel reveals that your self-worth will determine your net worth! Your self-image will limit your financial capacity. If you struggle with this, listen as Daniel rewires your thinking and how it can impact your business and your life. If this episode inspires you, be sure to share it on social media and tag Ken Joslin.

AUDIOLIBROS DE TRADING - VIVIR DEL TRADING
LOS SECRETOS DE LA MENTE MILLONARIA – INTRODUCCIÓN

AUDIOLIBROS DE TRADING - VIVIR DEL TRADING

Play Episode Listen Later Jul 9, 2022 18:17


LOS SECRETOS DE LA MENTE MILLONARIA – INTRODUCCIÓNLos Secretos de la Mente Millonaria, cuyo título original en inglés es Secrets of the Millionaire Mind, es un libro bestseller escrito por T. Harv Eker y publicado en 2005. En él, el autor nos revela los principales pensamientos limitantes que nos impiden ganar más dinero. Sin duda, un libro que no debes perderte si tú también quieres adoptar la mentalidad adecuada para generar una mayor riqueza. El libro trata de los patrones de conducta que todos tenemos en el subconsciente en relación con el dinero. Según el autor, estos patrones de conducta se aprenden en la infancia y pueden hacer que tengamos una mala relación con el dinero. El objetivo del libro es, por lo tanto, darnos a conocer los patrones de pensamiento de los ricos y hacer que desarrollemos una mentalidad millonaria. ¡SUBSCRIBETE! ¡Descarga los Libros GRATIS!: https://eritrix.wixsite.com/librosdet... https://eritrix.wixsite.com/librosdet... ¡SUBSCRIBETE! https://www.youtube.com/AprendamosTra... Twitter: https://twitter.com/AprendamosTrad

The Quote of the Day Show | Daily Motivational Talks
1456 | Harv Eker: “The Only Person I Need to Trust is Me.”

The Quote of the Day Show | Daily Motivational Talks

Play Episode Listen Later Jul 8, 2022 12:06 Very Popular


It's Finance Friday! Today, Harv Eker encourages you to trust yourself, even when the economy is uncertain. Trust yourself to learn what you need to learn to make decisions and make good things happen. You have to do your part to co-create your reality.Source: Secrets of The Millionaire Mind in Turbulent TimesGrab your QOD merch!Hosted by Sean CroxtonFollow me on InstagramListen to my new Mindset Coach podcast! Want ad-free episodes? Visit your App Store and download the Stitcher app. Join Stitcher Premium and listen to QOD commercial-free!

Self Discovery with Jaclyn Steele
The words you use can CHANGE your life

Self Discovery with Jaclyn Steele

Play Episode Listen Later Jul 6, 2022 15:28 Transcription Available


Words carry energy. Words carry weight. How do you express yourself on the daily? What kind of words do you use? And are those words contributing positively to your life or are they sending you into a dark tail spin or somewhere in between that feels like Ground Hog Day? Let's deep dive into our vocabulary and bring awareness to the words we are using. This awareness has the potential to be life changing.BOOK MENTIONED:Secrets of the Millionaire Mind by T. Harv EkerPRODUCTS MENTIONED...THE GOLDEN SECRETS: https://www.thegoldensecrets.com and use code: JACLYN10 for 10% off your orderCONNECT WITH JACLYN:+ Website: jaclynsteele.com+ Instagram: @jaclynsteele+ Youtube: officialjaclynsteele+ Facebook: jaclynsteeleinternational+ Clubhouse: @jaclynsteele+ Sign up for THE SCOOP & get the skinny on the latest wellness, beauty, & self development trends, as well as exclusive email-only content.TEXT ME:+1 480-531-6858 or follow this link. :)SUPPORT THE SHOW:PaypalLight, Love, & Peace,Jaclyn Steele Support the show

TODAY with Madeline Camp
Episode 001: How 75 Hard Changed Our Life

TODAY with Madeline Camp

Play Episode Listen Later Jun 12, 2022 60:08


Intro: 00:00-01:10What is 75 Hard: 01:10-03:00How We Got Started: 03:00-05:28Mindset, Pushing Through the Hard, and Time Blocking: 05:28-13:52Highs of 75 Hard and a Glimpse Into a Day in the Life: 13:52-42:42Lows of 75 Hard: 42:42-47:08How to Conquer 75 Hard Alone: 47:08-52:23What we are Continuing to Implement in our Lives Post 75 Hard/Wrapping it up: 52:23-59:58Books we read over 75 Hard:·      Rich Dad Poor Dad by Robert Kiyosaki·      The 7 Levels of Communication by Michael Maher·      Take the Stairs by Rory Vadan·      Atomic Habits by James Clear·      Secrets to a Millionaire Mind by T. Harv Eker·      Get Out of Your Head by Jennie Allen ·      QBQ by John G. Miller ·      Looking for Lovely by Annie Downs Follow along with Jacob and how he is continuing to work hard to achieve his goals post 75 Hard on Instagram: @jacobmw6 and @chasingadvcouple; TikTok: @chasingrealestate and on YouTube: Chasing Adventure.Also, stay up to date on my life and see sneak peaks of episodes on Instagram: @madeline_camp and @madcamp_training. 

Mommy Millionaire
403 | How I Bought My First Fourplex

Mommy Millionaire

Play Episode Listen Later Jun 3, 2022 16:32


It's no secret that Cayla loves investing and is obsessed with talking about ways to make money. One way to invest is in real estate and Cayla began that journey a few years ago by purchasing her first fourplex. In this episode, Cayla walks you through her experience and the lessons she learned through purchasing property. She even includes how much money she invested upfront, how she managed the property for a year and a half, and how much return she received in reselling it. Ultimately, you have to start acting like you are ready to make this kind of deal. Do the research and ask the questions. Find your mentor and get into the process beforehand so you are ready to go when the money is available to be invested. DM Cayla the word “finance” for more information about financial literacy and freedom. To book a call with a Mommy Millionaire Business Strategist please https://calendly.com/jasminemommymillionaire/mommy-millionaire-mastermind?month=2021-12&date=2021-12-09&back=1 (click here). You will learn: [3:04] - https://www.amazon.com/dp/B000FCJZ3G/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 (Secrets of the Millionaire Mind) by T. Harv Eker changed Cayla's life. [4:12] - Then a few years later, Cayla read another book called https://www.amazon.com/dp/B07C7M8SX9/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 (Rich Dad, Poor Dad) and realized what could be possible. [5:13] - If you want a better lifestyle, invest more and have the assets that pay for it. [6:10] - If you are just getting started, you want to partner with someone who knows what they're doing. [8:03] - The goal for Cayla was not to have monthly income from the fourplex. [9:05] - Cayla listed some of the qualities she looked for in the property to invest in. [10:32] - You have to put a larger chunk of money down on a piece of property for this purpose. [11:12] - Cayla explains the amount of money earned each month and what she did with it and how much profit she made from selling it. [13:02] - What are some ways you can increase your income a little bit in order to make the amount you need to put down on a property investment? [14:12] - Start acting as if you are ready to make that deal. Do the research and ask the questions. Find Cayla: https://www.mommymillionaire.co/ (Mommy Millionaire) https://www.facebook.com/CraftCayla/ (Facebook) https://www.instagram.com/cayla.craft/ (Instagram) https://www.pinterest.com/caycraftisa/ (Pinterest)

The Brian Buffini Show
S2E38 Change Your Thoughts Change Your Life

The Brian Buffini Show

Play Episode Listen Later May 12, 2022 51:25 Very Popular


No matter the goals we set or the work we do, our negative thoughts can still create roadblocks to success. In this replay episode, Brian examines why we become what we think about and teaches how to develop personal and business philosophies to think more positively and achieve more success. YOU WILL LEARN:· The two most common reasons we're reluctant to change.· The six questions that should define your personal and business philosophies.· The three components that are essential to develop and maintain successful philosophies. MENTIONED IN THIS EPISODE:“The Strangest Secret,” by Earl Nightingale “Treasury of Quotes,” by Jim Rohn “As a Man Thinketh,” by James Allen “Rich Habits: The Daily Success Habits of Wealthy Individuals,” by Thomas Corley “The Millionaire Next Door,” by Thomas J. Stanley, Ph.D. “The Millionaire Mind,” by Thomas J. Stanley, Ph.D. “Think and Grow Rich,” by Napoleon Hill “What to Say When You Talk to Yourself,” by Shad Helmstetter NOTEWORTHY QUOTES FROM THIS EPISODE: “Work harder on yourself than you do on your job; you'll go from making a living to making a fortune.” – Jim Rohn “A person is limited only by the thoughts he chooses.” – James Allen “Being broke is a state of account; being poor is a state of mind.” – Brian Buffini“Always do more than you're paid for.” – Brian Buffini “It's okay to be disappointed, it's not okay to get discouraged.” – Brian Buffini See acast.com/privacy for privacy and opt-out information.

Creative Recovery Podcast
Alicia Free on Dancing with the Moment

Creative Recovery Podcast

Play Episode Listen Later May 4, 2022 46:38


Alicia Free @aliciafree_bellydance is a badass belly dancer, musician, and podcast producer. She wants us to shake off the heavy and dance to feel lighter. Alicia uses movement, live music, and simple costuming as her favorite creative endeavors. In this uplifting and inspiring conversation Alicia shares her own story of being drawn to dance as a way to feel free in her body, mind, heart, and spirit. She recounts one performance in particular where she allowed grief to move through her without controlling it and realized the healing power of movement. Alicia is committed to personal growth and to social justice. Her performances, teachings, and podcast highlighting dancers of differing cultures and identities are all creative expressions deeply rooted in an intention to serve others. In this conversation, we also touch on why so many people are afraid to dance and how you can bring more dance into your every day. Notes and Resources: https://bellydancebodyandsoul.com/ A Little Lighter podcast with Alicia Free Secrets of the Millionaire Mind by T. Harv Eker The Art of Accomplishment podcast by Joe Hudson This episode was edited and mixed by Chad Clarke

The Quote of the Day Show | Daily Motivational Talks
1401 | T. Harv Eker: “Get in The Game.”

The Quote of the Day Show | Daily Motivational Talks

Play Episode Listen Later Apr 22, 2022 9:42 Very Popular


It's Finance Friday! On today's episode, Harv Eker shares the economic law that always works. If and when the market goes down, put this law into action. Because the market will come back. It always does!Source: Secrets of the Millionaire Mind in Turbulent TimesGrab your QOD merch -- tees, hats, mugs, tumblers, and more -- at www.qodmerch.com!Get your FREE copy of The Course Cure here. Hosted by Sean CroxtonFollow me on Instagram Listen to my new Mindset Coach podcast! Want ad-free episodes? Visit your App Store and download the Stitcher app. Join Stitcher Premium and listen to QOD commercial-free!

Down With My Demons: The Shadow Work Path

Money can be one of the most shadowy things we all experience. It has the ability to destroy, inspire, create, oppress, and manipulate. Part of the money shadow is the struggle with our relationship to money. I touch on these elements and more in this week's episode. I speak about my shadowy money journey and the familial ties to money wounds. This episode features some of the money resources which have drastically shifted my perception and relationship with money and a few of my heroes, who continue to provide boundless wisdom and educational information. Listen in to get down with this week's necessary evil! Thank you for being here, enjoy, and see you next time!To get in touch with Chloe, please email:             Chloe@downwithmydemons.comFollow Chloe on IG: https://www.instagram.com/chloelionheart/Journal Questions about Money Relationship:How do I talk about money?How do I talk to money?What were the narratives I heard and experienced around money growing up?How do I want to be treated?How do I treat my friends?What are my financial goals?(write down your goal and then ask) How can I make this goal happen?The Envelope Method:Helpful Money Apps:-Stash-Acorn-Coinbase-RobinhoodNatalia Benson: Women's Empowerment CoachMagical Women and Money: https://www.magicalwomenandmoney.com/Podcast: Natalia Benson the PodcastIG: @nataliabenson James Hill: Entrepreneur and Marketing ExpertWebsite: https://www.brandbuilding.academy/members53315812IG: @black-millionairesTori Dunlap: Personal Finance EducatorWebsite: https://herfirst100k.com/financialfeministpodcastPodcast: Financial FeministIG: @Herfirst100k"Rich Dad, Poor Dad" by Robert Kiyosakihttps://bookshop.org/books/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not/9781612680194"The Total Money Makeover" by Dave Ramsey (I love his budgeting spreadsheet)"Secrets of the Millionaire Mind" by T. Harv Eker"The Richest Man in Babylon" by George S. Clason"You are a Badass at Making Money" by Jen Sincero"Atomic Habits" by James ClearSupport the show (https://www.patreon.com/downwithmydemons)

Happyish Ever After
6. How To Overcome The Biggest Barrier To Wealth Creation

Happyish Ever After

Play Episode Play 58 sec Highlight Listen Later Apr 21, 2022 43:02


Money... For many of us it may be the most toxic relationship we have. While, money is simply currency we have so many stories and beliefs about money that we adopt at a young age and subconsciously affect how we go about creating wealth - or sabotaging ourselves as we try to create wealth. In this episode I am joined by Sarah Rose D'Angelo who is a Business Coach, Mentor, Leader, Speaker and CEO who is pioneering a new world of wealth, love, business and leadership. Sarah Rose walks us through how we create the stories we do about money and wealth, how we can change them, and why all the investment strategies in the world won't do you any good if you don't heal your relationship with money. You'll walk away with some insight into your money patterns  and tools to change them!Sarah Rose refers to a "must read" book.  It is Secrets of the Millionaire Mind by T. Harv Eker.Sarah Rose offers a Men & Money Membership which is $166.66 per month and can be found here:  https://sarahrose.kartra.com/page/membershipShe is also offers Business Mentoring which you can find at: https://go.sarahroseconsulting.com/theembodiedcoach  and Sarah Rose is offering $500 off  for our listeners!  Just let her know that you heard about her from the Happyish Ever After podcast

Homeschooling Entrepreneur Mom – Kid Entrepreneurship, Work From Home, Homeschool Basics, Making Money FUN
77: Top 9 Books for the Entrepreneur-minded mom, who knows they have a bigger purpose in life & is working to Get it!

Homeschooling Entrepreneur Mom – Kid Entrepreneurship, Work From Home, Homeschool Basics, Making Money FUN

Play Episode Listen Later Apr 18, 2022 20:34


How do you feed your mindset? One way you should is through books & if you are already an Entrepreneur or want to dive in, these books are for you to help you live out that bigger purpose in your life! Atomic Habits by James Clear: https://read.amazon.com/kp/embed?asin=B07D23CFGR&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_G3AE59P7CY0CVJ6WW9HC   The Go-Giver by Bob Burg & John David Mann: https://read.amazon.com/kp/embed?asin=B00YBBKLKS&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_9K24RNMMYN3RAW45XE1P   The Purpose Factor by Brian Bosche & Gabrielle Bosche: https://read.amazon.com/kp/embed?asin=B08F9SKRL1&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_H6TQSWFYN35KB7BCJ9Y0   Secrets of the Millionaire Mind by T. Harv Eker: https://read.amazon.com/kp/embed?asin=B000FCJZ3G&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_1ACVTH0D9TY41X9E7TM5   You are a Badass at Making Money by Jen Sincero: https://read.amazon.com/kp/embed?asin=B01HPCSD54&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_GP85862237SZ1H9M5W6C   Rich Dad, Poor Dad by Robert Kiyosaki: https://read.amazon.com/kp/embed?asin=B07C7M8SX9&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_KVD1MMXH3R2C43R45WH5   You are the Girl for the Job by Jess Connolly & Annie F. Downs: https://read.amazon.com/kp/embed?asin=B07KDYQPKT&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_51P6WY4XRTCSF0D2EAXJ   The Audacity to be Queen by Gina Devee: https://read.amazon.com/kp/embed?asin=B07V1LQ77W&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_7E45F5B4QPFVD730VMBV   The 21 Irrefutable Laws of Leadership by John Maxwell: https://read.amazon.com/kp/embed?asin=B00ETK5N5O&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_AD9F8WR8PX710KKXDP8P     -Kawai     Let's be Friends! -> https://www.instagram.com/kawai_ahquin Community -> https://bit.ly/HEMsupportgroup Website -> http://www.homeschoolingentrepreneurmom.com Email -> support@homeschoolingentrepreneurmom.com Homeschooling Basics Bootcamp → http://www.homeschoolingentrepreneurmom.com/hbb.html

How to Scale Commercial Real Estate

Can you still achieve financial freedom without large amounts of money? With the right money management skills, you can. Florian Fritz is here to talk about money management, which can be applied to both personal and business finances. He also shares a simple but practical strategy to grow your money without having to track every centavo you earn! Florian believes that there is an investment vehicle for everyone. He talks about the platforms that people can invest in that do not need large amounts of money unlike in real estate.    [00:01 - 02:38] Opening Segment Florian Fritz shares his journey to being a financial management mentor He was a former financial advisor, but now working so that people won't need one in the future Here's his reason [02:39 - 12:40] Money Management Florian reveals his lead generation strategy to find clients You will never be rich if you have this mindset Florian talks about two simple strategies for money management [12:41 - 18:34] Cheap Investment Alternatives Where to invest if you don't have large amounts of money How much liquid cash or assets should you have right now Florian shares his thoughts [18:35 - 19:35] Closing Segment Reach out to Florian Links below Final words   Tweetable Quotes “As long as you believe that money is bad, you can't become rich, you'll never be financially free...” - Florian Fritz “...you don't want to have too much cash, but you want to have liquid cash or assets so you can buy cheap stuff after the stocks have crashed.” - Florian Fritz “You can already tokenize your real estate…if you find a way to do that, you can have it without any administrative work. You can have people invest with 100 or $1,000.” - Florian Fritz -----------------------------------------------------------------------------   Email florian@moneyheroacademy.com to connect with Florian or follow him on LinkedIn. Check out Money Hero Academy to create bullet-proof finances for you and your business within 3 months! Join Money Hero Academy on Facebook FOR FREE! This is a community that allows you to manage your finances and gives you opportunities to help other people as well.    Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.   Facebook LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   Florian Fritz  00:00 You need to work on your money mindset because what we learn is you have to work hard for your money. Money is the root of all evil. Money doesn't grow on trees, we learn all these things. Right? Right. And as long as you believe that money is bad, you can't become rich, you'll never be financially free because your subconscious will protect you from becoming rich because you don't want to be a bad person. So that's what I work with people on and then the second thing is money management because that's like the biggest difference between financial success and failure is how well you manage your money.   Intro  00:29 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:41 Florian Fritz started as a financial advisor, He then worked nine years with a real estate company finding investors and now he teaches people how to take care of their finances, so they don't need financial advisors. Florian, welcome to the show.   Florian Fritz  00:53 Thanks for inviting me.   Sam Wilson  00:54 Pleasure is mine. Same three questions I asked every guest who comes on the show. In 90 seconds or less, can you tell me where did you start? Where are you now? How did you get there?   Florian Fritz  01:01 Where I started was not knowing what to do. Becoming a financial advisor with the largest company in the German-speaking area, I found that I didn't like how financial industries treating their clients, clients take all the risk industry takes all the money. That's how I left them, started working with a real estate company who, in the beginning, had a very fair offer. So we made a lot of money, helped hundreds of people grow their investment returns. And after the real estate company was happy with the results I had given them for nine years. That's when I started my teaching business helping people so they don't meet financial advisors and can take their money in their own hands.   Sam Wilson  01:38 Oh, man, that was great. That was perfect. That makes a heck of a lot of sense. So let's just rewind a little bit. For the nine years, you were basically in the United States, we'd call it, I think it's an RIA, a registered investment advisor, where basically you take a commission for presenting the opportunity to your investors, if your investors invested a million bucks, you'd take whatever that commission is, is that right? Okay, which is a great way, you know, if you can enter that space, I don't care where you are in the world, if you can enter that space and have those investment advisors bringing capital to your deal, that's a great way to raise money. But it sounds like you raise too much money for them. And eventually, they just didn't need you anymore.   Florian Fritz  02:16 Yeah, looks like it. Because the plans they had in the beginning was if we have to pay you 10,000 a month, great. If we have to pay you more than that perfect, the more money you can bring the batter, we want to grow until we own the whole world. That was where we started. As soon as they had to pay 10,000 more every month, they were not so happy anymore. I don't know why, because I did bring all the money.   Sam Wilson  02:39 Right. Tell me about that. What was the strategy that you employed, you know, for finding investors for those specific opportunities? Because, you know, that takes a niche skillset. What was that?   Florian Fritz  02:50 Yeah, actually, two things that we did one, we started with Google ads. So very simple. And you just need to know who's your target group, old people? Is it poor people? Is it educated people? Is it workers, whatever? I don't know. It's all of them. We had students, we had doctors, we have blue-collar workers, everything. But it's people who have safety, right? People who come from the savings account or invest in bonds, or maybe mixed mutual funds with bonds and a few shares. But those people that love safety, that's your target group. So what's your keywords, it's bonds, invest, real estate, bonds, things like that. That's what people are looking for that, that's your target group. And then you want to grab them with the greed, offer a little more than they're used to, we did that. And like 12 years ago, now, we did that with a offering 8%. If you come from a bank account, 8% is amazing. Amazing, right? And you catch them with greed. So they send you a message at least and say I'm interested. And then you got to work on their fear. Because of course, they're afraid to take their money from their bank account or out of their bonds to go into your project. And then you have to show them that you're safe, that you have some experience that your project is safe and sound that you know what you're doing. And if you get them with greed, and then you can work on their fear and show you're safe, then you've got a client, an investor. And the second thing we did was I was working with other financial advisors, telling them, see we've got this amazing new product. We do property all the time, and we'll pay 8% to your clients and you get a commission. And then they brought half of the investors for me and I didn't have to do anything except for talking to them once or twice a year and having a dinner.   Sam Wilson  04:31 That's brilliant. I love that. Yeah, it's scaling via using obviously leveraging other people's talents, skill set, investor pools, things like that. I love that, and I love the kind of method you broke down there, which you get to hook them in the beginning. Because yeah, somebody said this. I remember from something a few years ago, I'd posted and they came back with 8% Where do you get 8%? And I'm like, all day, I get 8% all day long. That's low.   Florian Fritz  04:54 I want more but you have to know who you're talking to.    Sam Wilson  04:58 Right, yeah. If somebody used to get One to 2% in a CD, and you throw on 8%. They're gonna say, oh my gosh, this is a scam, where you show me 8%? And I'll say, No, I can invest my money elsewhere and make 12 to 15 without really trying. So why would I go for 8%? It really is framing it. And then I love the idea that then you hook them with that greed idea and then address the fear because you do develop that curiosity. And I think developing that you call it greed slash curiosity and the opportunity. So that's really interesting. Cool. Well, let's talk then. So you stepped out of that, though, because it finally got to a point where you said, hey, you know, you kind of worked yourself out of a job. It sounds like you raised too much money. You worked out of a job. And then you said, hey, I want to tweak what I'm doing. What was the impetus for you to change your business model?   Florian Fritz  05:46 That was actually an old thing already when it, coming, when I stopped working as a financial advisor, but I found I wasn't happy with the industry was doing, I thought, Okay, now I've sold so many products that are not really good for the client. They were good for me as a salesperson, they were good for the industry. For the banks, investment companies, they were not good for the clients, I wanted to do something good for the clients. So I had already started learning from some of the world's best trainers, people like Robert Kiyosaki, I met him in South Africa. I've been training from Singapore to Phoenix, Arizona, I've been all over the world, learn from some of the greatest trainers in investments, but also in personal development and teach you how to teach. So that okay, now I've got an idea how to make people rich. I know how to teach it. So why not do the thing, two things together? Before people invest in real estate or invest in anything, you need to work on your money mindset, because what we learn is you have to work hard for your money. Money is the root of all evil, money doesn't grow on trees, we learn all these things. Right? And as long as you believe that money is bad, you can't become rich, you'll never be financially free because your subconscious will protect you from becoming rich, because you don't want to be a bad person. So that's what I work with people on. And then the second thing is money management. Because that's like, the biggest difference between financial success and failure is how well you manage your money. You probably heard of the book, The Millionaire Next Door, right? Oh, the book says is rich people are good with money. Don't need to read the book anymore. Thank you. You're welcome. So that's what it says. Because there's this thing called Parkinson's Law, that says the demand for something will always mention supply. If you have more money, you're gonna spend more, there's a middle class, upper middle-class people for every $100, they make more, they actually increase your spending by 137. So we need a system to fight that. So you have some money left at the end of the month, and not a month and left at the end of the money. And then after we worked on that, now you think money is easy to get money's laying on the street, I just have to pick it up. And you know how to manage the money you make. So you keep something and then you can start investing and actually grow your wealth and become rich and have an amazing property portfolio. And in my opinion, you've got to start at the beginning. Otherwise, you will do one deal after the other and you'll wonder why they fail.   Sam Wilson  08:06 Interesting. So talk to me about, you know, what are some management tools that you put in place that help people? I mean, because really, in my mind, this is kind of a construction project. It's like, you've got to start with the foundation. And that's what you build for people. What tools do you use to build that foundation?   Florian Fritz  08:23 Well, in money management, I have two very simple strategies. One is for business, one is for you personally. And both actually have the simple rule in the beginning is pay yourself first. In business, I'm sure you learned profit minus expense, income minus expenses equals profit, right? And then you wonder why there never is a profit, because the expenses always grow until they met your income. So what you want to do is income minus profit equals expenses. So you want to take a profit first, and put it aside. And then you know how much money you can spend? And same thing is, if you're don't have a business yet, you're just thinking of starting it and start to invest in your personal also have different jars, buckets, bank accounts, sometimes people ask, Why should I have a second bank account? Yes, because you want to manage your money. One is that you take away for your financial freedom. You put at least 10% of your income every month, you put in your financial freedom account, and you never touch it, unless for investing it. And then you grow it. This is your golden goose and you only take the X as soon as you've got enough investment income. Okay, this will only work if you also manage the rest of your money. You want to have some money for play, for fun, have 10% that you spend on just having fun in your life. Because if you only manage it only safe, you won't be very happy. And you will say damn all this. I want fun and then you blow your whole savings accounts. So I plan to have fun as well. And then you can buy whatever your video game or your 100 pair of shoes or whatever it is without any regrets because you actually planned it. Then you want some money for half another 10% for long-term savings, savings for spending, meaning your new TV set maybe is something you can't buy every month. So you want to save a couple of months for that have an account for these things, a new TV set a new car, refurbishment of your home these things. So 10% for financial freedom, 10% for long-term saving for spending, 10% for fun, 10% for education, because you want to go on learning, so you increase your ability to make more money, 55% for your necessities. Well, of course, we need that food, shelter, and insurance and all these things, utilities, and 5% for giving, so you give something back to people who were not in your situation and can't do that and meet more help. So that's this very simple system. This is described by T. Harv Eker in the book Secrets of the Millionaire Mind, very simple system for your personal finances, which I highly recommend people implement. It's very easy, extremely easy, and makes a huge difference. Just a couple of months, you'll notice how much more money you have.   Sam Wilson  11:01 Right. That's interesting. So tell me, you say that's easy. But then I think about that. And we're very good on tracking, obviously the business expenses. I mean, ours are dialed in. But when it comes to personal expenses, I'm not real good about that. It's like, well, I keep more than I make and or keep more than I spend. And otherwise, I'd rather just go out and make more money in business and just keep that faucet turned up higher and not monkey with it. What do you say to that?   Florian Fritz  11:26 I love that make more, yeah, absolutely make more. But I'm not talking about you need to track your expenses and write down every penny or every cent you're spending. As soon as you're using the system, you have an account for play, just, play money, and you have an account for investment money, and account for education money, you don't need to track it anymore. You just look at account is money there is not there right now you don't need to write down, I spent $5 on whatever, you just know, okay, I've got $500 in my education account, okay, I can spend $500, when they're gone, they're gone next month I will refill it.    Sam Wilson  12:00 Right?I like that. And that's one of the things I think that keeps a lot of people from, you know, taking the time to do those things. Even with the tools that are out there. I'm thinking of tools like Expensify and other products like that. It's an administrative burden.   Florian Fritz  12:14 You start that you do it for three days, and then you drop it.    Sam Wilson  12:17 Then you got another $20 A month subscription on your credit card that you're not using.   Florian Fritz  12:22 Cancel that subscription, just get your six bank accounts were like I told you right now. Yeah. And then you need every month, when you get your money, you distribute the money, and the job is done. That's all the money management, it takes no more tracking, no more extra apps that you don't use. Just do this. And it takes you I don't know, a couple of minutes a month.   Sam Wilson  12:41 Great. I like that idea. Talk to me, you know, we're seeing hyperinflation, I don't know what the rest of the world's currencies are doing. You know, cash is trash, essentially, from somebody well known here. And maybe a year and a half ago, they said cash is trash. So when you're talking to your clients about investing, and about setting aside money for the golden goose, or the golden eggs, whichever one I guess you need the goose to lay the eggs, but, no, feeding the golden goose. Like, what are you doing with people when they have cash to invest, but maybe not enough cash to invest in, say a large commercial real estate deal? I mean, for us, if you're gonna come invest with me, the minimum is 50 grand, and it's probably going to move to 100 in the near future. So that takes some cash reserves to get in on an opportunity. What do you do for people that don't have you know, that large of a check to write?   Florian Fritz  13:28 Start with something cheaper. An ounce of silver, one silver coin is less than $30. Everyone can buy that and silver is, will save you from hyperinflation. An ounce of gold, one coin is 2000. That's, it was 69 euros, $2,000. Now, that's a lot cheaper than 50 grand. And you don't have to buy an ounce, you can buy something in between. So you can start with silver and gold, you can find other real estate opportunities. Well, if you buy REITs, you can invest with very little and it's a stock, it's a paper asset, right? But still you have an income comes from property. So that's a possibility to do something. You can use crypto in some part, have some money in crypto, not all of it. As always, not all of it. Yeah, there's a couple of different opportunities to build up your money until you can go into larger properties, real estate and then come to Sam and invest in the commercial real estate. 50, 100 grand is, built them up somewhere else. I have very interesting thing in the cannabis business now, international company that pays amazing returns, and you can start with $60.   Sam Wilson  14:42 Wow. That's fantastic. Yeah, those are niche opportunities. I think that you know, the smaller investor can get into we've seen that with crowdfunding. I think we're going to see more of it with Blockchain as those technologies come online because for us, one of the reasons that the numbers are so high is because it's an administrative burden, you know, if you come in on a deal with me, I'd rather deal with you, for one check for 100 grand than 100 investors for a grand, right? That's an administrative nightmare. That means everybody's signing 150 or 200-page document and everybody's getting communicated with. So it becomes, we just can't do it. But I think one of the interesting things we're seeing is in blockchain, and in those technologies that are slowly building, it'll remove a lot of that overhead and admin.   Florian Fritz  15:24 You can already tokenize your real estate, right? So if you find a way to do that you can have without any administrative work, you can have people invest with 100 or $1,000.   Sam Wilson  15:37 Right, yeah. And we saw those securities with the crowdfunding regulations that came on, gosh, I don't even know now, six, seven years ago, at least here in the States, you know, it's something where you can, bring on those $100 investors with a Reg A fund, you can do that, and even speaking out of my funding to get our securities attorney on this call, but you can do it here. It's just again, it goes back to the administrative side of things. Is that what you want to do? So I think that'll be interesting to watch. Watch how that unfolds. Let's go back to the cash conversation. What do you recommend that your clients keep as a percentage in cash.   Florian Fritz  16:09 In cash of your investment money? I'm not a great cash person. Although today, it's advisable to have more than I used to recommend, right? Because of the uncertainty we have right now, with a war going on not only 500 kilometers from my border, my wife is from Ukraine, and we have a friend from Ukraine staying with us now with her son. So it's very close to us. And it does. But it's not only local here, it's for the world economy. It's huge uncertainty, we don't know what's going to happen, how it's gonna affect us, stock markets might crash to I don't know where, if it weren't something I saw today, the nickel prices went up from 30,000 to 100,000, in three days per ton of nickel. If people, company, industries that use nickel suddenly have to pay three times as much than before the products might go up in price, just guessing. So I think we'll have more inflation coming up. That's why you don't want to have too much cash, but you want to have liquid cash or assets that so you can buy cheap stuff after the stocks have crashed. So that's why it's difficult. Now you don't want cash because inflation is going up. But you do want to be able to buy in, I don't know, a couple of months or a year, there will be lots of cheap opportunities, definitely in the stock market and maybe in the property as well.   Sam Wilson  17:31 That's an interesting conundrum. Because as you have a wasting asset, you know, it just isn't this case would be cash. I mean, it's losing value every day, the theoretical purchasing power of that is decreasing. And yet at the same time, if things like stocks or bonds, or whatever it is, treasuries, if those fall, then then they may fall at a rate faster than the devaluation of your currency.   Florian Fritz  17:55 Yeah, if your currency falls by 15%, if the stocks, by 50%...   Sam Wilson  18:00 You got to 30% arbitrage right?    Florian Fritz  18:02 You still make a profit on that. So 10 to a maximum 20% in cash is what I would advise.   Sam Wilson  18:08 Got it. I love it. Florian, this has been fun. Thank you for taking the time today. We kind of wandered all over the place on this, but I enjoyed the discussion. Because I mean, we covered everything from, you know, the war in Ukraine to you know, what you're recommending to your clients, you gave us some tools for interesting ways to find investors working with Ras, and even just the basic money management tools that your clients need, or that anybody needs in order to be financially successful. So I appreciate this. Thank you for coming on today. If our listeners want to get in touch with you and learn more about you, what is the best way to do that?   Florian Fritz  18:40 The best way is to actually join my free Facebook group, the Money Hero Community, where I share tools like the money management system every day, and it's free. And I have a couple of events going on that I advertise in there. So you'll always find out what's new, what's going on away. You can join and learn something.   Sam Wilson  18:58 Fantastic, Florian, thank you for your time today.   Florian Fritz  19:01 Basically, Facebookgroups.com/moneyhero.   Sam Wilson  19:03 Facebookgroups.com/moneyhero. We'll make sure we get that in the show notes. Thank you again. Appreciate it. Have a great rest of your day.   Florian Fritz  19:09 Thanks a lot, Sam.   Sam Wilson  19:10 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.

Multifamily Money
Ep69: Getting the Most Out Of Your Investments Without Worrying Taxes - Damion Lupo

Multifamily Money

Play Episode Listen Later Mar 25, 2022 40:26


In today's episode, Damion Lupo shares how your retirement accounts allow you to invest in a variety of assets without having to worry about paying UBIT tax. Tune in to find out more about ways to boost your returns!     WHAT YOU'LL LEARN FROM THIS EPISODE Why you should surround yourself with like-minded people EQRP: Accelerate and protect your investment and returns  Is EQRP suitable for everyone? How to rollover your self directed IRA into your EQRP Steps to build your financial transformation     RESOURCE/LINK MENTIONED Secrets of the Millionaire Mind by T. Harv Eker | Paperback The QRP Book by Damion S Lupo |  Paperback Barbarians at the Gate by Bryan Burrough | Paperback ABOUT DAMION LUPOBorn with an entrepreneurial spirit Damion started his first business at age 11, (even hiring his parents for logistics support). Over the last quarter-century, he's started and owned more than 50 different companies including an insurance agency, precious metals firms, a venture capital company, a coaching and consulting firm, and more than a dozen real estate investment and development companies. Damion is an expert in little-known strategies for using Enhanced Qualified Retirement Plans to help individual investors and small business owners take control of their financial future.   CONNECT WITH DAMION Website: The eQRP Co.  CONNECT WITH US Email: shawn@greenbriarcg.com  Instagram: Shawn Winslow YouTube: Shawn Winslow LinkedIn: Shawn Winslow FaceBook: Shawn Winslow    

TweetTalk: The Black Wealth Podcast (Tweet Talk)
123- Beast Mode Business Leads to Beast Mode Investing

TweetTalk: The Black Wealth Podcast (Tweet Talk)

Play Episode Listen Later Mar 25, 2022 58:54


In episode 123, Charles (Twitter: @RealToddBillion) & Raphael (Twitter: @WorkMoneyLife) discuss how big income from your business will allow you to go big in investing, why cities create wealth, investing for your children, being resourceful, how the government is your boss, pricing as the new segregation, and much more!   Books mentioned: "The Millionaire Next Door" by Thomas J. Stanley & William Danko, "The Millionaire Mind" by Thomas J. Stanley   Join our Patreon for exclusive access! https://www.patreon.com/TweetTalk   Get the BRAND NEW mini-course "Five Ways to Make Money in the Stock Market" for $19 with coupon "First" https://gumroad.com/a/386774131/navaez   Book a podcast coaching call with Raphael here: https://Calendly.com/RaphaelHusbands   Launch your podcast in less than 24 hours with "PodcaSTAR: the Podcast QuickStart Guide" for only $1 (https://gumroad.com/a/829125747/vlrVq)   Grab The PodcaSTAR Deluxe podcast course! click here  https://gumroad.com/a/829125747/JiDHi   Pick up the new podcast merch and support the show at TweetTalkMerch.com   Grab the brand new course from Charles/ Todd Capital, "Business Automation Masterclass" https://gumroad.com/a/386774131/wdgps   Grab all the Todd Capital money-making course here: https://gumroad.com/a/386774131   Follow us on social media:   Twitter: Tweet Talk Podcast @TweetTalkPod https://twitter.com/TweetTalkPod Charles @RealToddBillion https://twitter.com/RealToddBillion Raphael @WorkMoneyLife https://twitter.com/WorkMoneyLife   Instagram: Podcast- @TweetTalkPodcast https://www.instagram.com/tweettalkpodcast Charles- @ToddBillion https://www.instagram.com/toddbillion/     Todd Capital @Todd.Capital https://www.instagram.com/todd.capital/    Bless A Black Man organization @BlessABlackMan https://www.instagram.com/blessablackablackman    Views Luggage brand @views.at.todd.capital https://www.instagram.com/views.at.toddcapital    Learn how to make money trading stock options, from Todd Capital! https://gumroad.com/a/386774131/bOUnl      Find all the money making resources from Todd Capital here: https://gumroad.com/a/386774131  

Electric Ideas with Whitney Baker
10. Shifting Your Money Mindset Using Thetabreathwork with Bea Boas

Electric Ideas with Whitney Baker

Play Episode Listen Later Mar 24, 2022 36:19


How do you feel when you think about money? Does it feel evil to you? Are you scared you'll never have enough? Do you feel like it's noble to have less money?    Many people have never taken the time to evaluate their ingrained beliefs when it comes to wealth. But our guest today maintains lots of people are unknowingly blocking their own flow of abundance.    During today's conversation, I chat with Bea Boas, creator of Thetabreathwork. Thetabreathwork is a groundbreaking healing technique that helps people achieve a deep state of relaxation to facilitate mental, physical and emotional shifts. She specializes in using this technique to help entrepreneurs release barriers, and create massive impact and income.   Bea shares her own personal journey of transforming her negative relationship with money and invites listeners to look at money in different ways, improve their money mindset and become open to a more fulfilling sense of abundance.    In this episode, we cover:    -What is money mindset?    -When to know you are struggling with money mindset    -What Thetabreathwork is and Bea's approach to it   -How to work through limiting beliefs    -Money affirmations and other practices you can use in your personal life   -Following your intuition    Connect with Bea:  IG: @beatrizvb   Website        Connect with Whitney:      IG: @whitneywoman     Links and Resources:      The Illusion of Money by Kyle Cease     The Secret of Millionaire Mind by T. Harv Eker     Rich Dad Poor Dad by Robert T. Kiyosaki      Code of the Extraordinary Mind by Vishen Lakhiani     Money EQ Program by Ken Honda