Podcasts about Net worth

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  • 1,243PODCASTS
  • 2,313EPISODES
  • 31mAVG DURATION
  • 2DAILY NEW EPISODES
  • Jan 13, 2022LATEST

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Best podcasts about Net worth

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Latest podcast episodes about Net worth

Money Monopolizers Podcast
Episode 119: Your Net Worth DOESN'T Matter - Determining Your Financial Freedom Target [DO NOT SKIP THIS EPISODE]

Money Monopolizers Podcast

Play Episode Listen Later Jan 13, 2022 53:05


If your current goal is to achieve early financial freedom, what should be more important: Net Worth or Cash Flow?It's an interesting conversation that may get mixed responses, but on this episode, Alex and Marlon share their takes on what they think of and their rationale behind it.Don't underestimate the power of this question because the answer you choose directly affects the strategy you design (and timeline that it takes) for yourself to actually achieve early financial freedom.If you enjoyed this episode please rate it 5 STARS on Apple Podcasts, share it with anyone you think should hear it, and subscribe to our podcast!If you're looking to get started investing in real estate, check out the real estate course, How to Acquire Your First Flip or Rental Property: https://gum.co/firstrealestatedealIf you'd like to achieve early financial freedom, learn how you can by starting with the car in your driveway with the Rebus Rental Car eBook! https://www.rebusrentalcars.com/ebookYou can learn more about us and order your Money Monopolizers merchandise at www.moneymonopolizers.comBe sure to follow us on social media!Instagram: @moneymonopolizersYouTube: Money MonopolizersTwitter @TheMonopolizers

Real Estate Uncensored - Real Estate Sales & Marketing Training Podcast
From a Zero Net Worth to Passive Income: How to Multiply Your Wealth By Fully Participating in the Real Estate Ecosystem w/Nick Cooley

Real Estate Uncensored - Real Estate Sales & Marketing Training Podcast

Play Episode Listen Later Jan 13, 2022 36:15


Real estate agents work too hard to not have something generating income in the background, and this is where investing comes into play.    We're active participants in the real estate ecosystem, so we're in the prime position to capture some of the deal flow and relationships in the market and use them to increase our net worth.    If you're starting from a low net worth, how do you get a property under your belt? How did a struggling salesman visualize his way into a successful investing operation?   In this episode, we're joined by  investor, broker, mentor, and consultant, Nick Cooley. He talks about his journey, from sleeping in his car to building a thriving business.  Three Things You'll Learn in This Episode    Why it's smart to take on both real estate investing and retail Most people become agents first, then investors. Why did Nick become an investor first, and then get into the retail side of things?    How to create a stable foundation to invest in real estate What's the biggest misconception people have about passive income, and what do we have to do before we go after the bigger deals and transactions?    The power of having a well-defined buy box as an investor How do we turn the people we know in our markets into our own prospectors for deals?   Guest Bio Nick Cooley is an investor, broker, mentor, consultant and the President of Team Cooley Properties in Denver, Colorado. Nick is excited to bring an investor's perspective to the large and important financial decision as to where to live, raise a family, enjoy the occasional dinner party... whatever! Buying or selling a home is important not only for the financial implications, but also in the measure that it is the main place where we spend our lives.  For more information, follow @imnickcooley on Instagram.

Empowered Worth: Worthy Wisdom for Women
Tips for Growing Female Owned Business with Kabrina Budwell | EW89

Empowered Worth: Worthy Wisdom for Women

Play Episode Listen Later Jan 12, 2022 27:18


In this episode, my guest is business whiz Kabrina Budwell, helping us understand how to use the latest methods to help us gain more clients as female entrepreneurs. Kabrina Budwell is the founder of Kabrina Budwell Consulting, a consulting firm that focuses on helping her clients create, capture, and nurture Subscribers into paying Clients. She specializes in lead magnets, quizzes, Messenger Bots, and funnels to create automation and scaling opportunities in the businesses that she works with. She takes the scary overwhelm out of technology to show you how systems can work together and make your business run smoother and your life easier. Before devoting her work fulltime to Kabrina Budwell Consulting, Kabrina trained Cast Members at Disney on technology for those who are visually impaired and Deaf as well as wrote pamphlets for the parks on ride accessibility for those specifically on the Autistic Spectrum. She has also worked closely with Convert Kit and Advance Your Reach helping their clients in areas such as migrations and copy writing. In addition to being an Email Marketing and Business Consultant, Kabrina also brings a background in business leadership studies to the table to help her and her clients understand their target demographic more fully and to serve them from the beginning to the end of the sale to have raving fans that come back again and again. Kabrina Social Media links Instagram - https://www.instagram.com/emailmarketingguru/ Facebook - https://www.facebook.com/kabrinabudwellofficial/ Website - https://kabrinabudwell.com/ Victoria Lowell is a financial advocate, coach, international bestselling author of “Empower your Worth: A Woman's Guide to Increasing Self-Worth and Net Worth.” and the founder of Empowered Worth, a financial-education platform that empowers women to become active participants in their own financial future and well-being. In late 2018 she left Wall Street and followed her passion to help women assert themselves fiscally. Her expertise in this field has led to her hosting this podcast, conferences and webinars, motivational speaking and being a guest on many tv, radio and podcast shows. Thanks for listening! It means so much to us that you listened to our podcast! If you would like to continue the conversation with us, head on over to www.empoweredworth.com . With this podcast, we are building a community of Empowered Women that we hope to inspire to a better their lives and take their place at the financial table. If you know somebody who would benefit from this message, or would be an awesome addition to our community, please share it using the social media buttons on this page. Join our private Facebook Group: https://www.facebook.com/groups/1092671450939354/ Social Media links Instagram - @empoweredworth Facebook - @victorialowellew & @empoweredworth Twitter - @empoweredworth Pinterest - @empoweredworth You Tube - @empoweredworth Website – www.empoweredworth.com Sign up for our FREE MEMBERSHIP and get our Basic On-Demand Personal Finance Course. https://empoweredworth.com/product/basic-membership Do you have some feedback or questions about this episode? Leave a note in the comment section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe on the podcast app on your mobile device. Leave us a review We appreciate every bit of feedback to make this a value adding part of your day. Ratings and reviews from our listeners not only help us improve, but also help others find us in their podcast app. If you have a minute, an honest review on iTunes goes a long way! Thank You!!  

Learn Real Estate Investing | Lifestyles Unlimited
(January 11, 2022) Passive Investors Double Their Net Worth In 5 Years!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Jan 11, 2022 42:10


Peggy and Leo M. invested in their first Multifamily deal 5 years ago with no idea how quickly it would snowball them to true financial independence. Today they share their success story with Del Walmsley, how their portfolio has grown, and how their strategy has changed with time. Click to Listen Now

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
811: BILLIONAIRE INVESTOR BILL MILLER PUTS 50% OF NET WORTH IN BITCOIN, SAYS BTC CAN GO UP 50X!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

Play Episode Listen Later Jan 11, 2022 18:08


Legendary billionaire investor Bill Miller is bullish on Bitcoin despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a “Bitcoin observer” but rather a real BTC bull and now holds 50% of his net worth in Bitcoin. “I think the average investor should ask himself or herself what do you have in your portfolio that has that kind of track record - number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing.”

Student Loan Planner
How to Achieve a Six-Figure Net Worth in 2022

Student Loan Planner

Play Episode Listen Later Jan 11, 2022 32:52


We can't control the pandemic or public policy, but we can control our actions to dramatically increase our net worth. I'm going to show you and your family a wealth of options for your wealth. Achieving a six-figure net worth seems like a daunting task, especially when you're saddled with student debt. However, I'll prove in this episode that your debt shouldn't be an obstacle as you build your wealth. Listen in and learn why. Find out why... You can't rely on the income you get from a job Passive income (not from side hustles) is key to wealth Your problem is not having assets and not your student debt The truth to growing assets to create options for yourself A six-figure net worth is the key success metric on the road to building your wealth The world of investing is so confusing nowadays and how to navigate it You have an advantage in the 2022 job market as someone with an advanced degree   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

Millionaire Mindcast
The Secrets Of Going From A 7 Figure Net Worth to 8 | Aaron West

Millionaire Mindcast

Play Episode Listen Later Jan 10, 2022 51:14


In this episode of the Millionaire Mindcast, we have an incredible guest Aaron West who shares his secrets into turning 7 figure net worth to 8. Tune in. Take notes, Enjoy! 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

Driving for Dollars Mastery
64 - How One Wholesaler Increased His Net Worth by $300k in a Market of Only 5000 People

Driving for Dollars Mastery

Play Episode Listen Later Jan 10, 2022 38:11


Whether you are investing directly or indirectly in real estate property, it's essential to know the factors that affect its value. Today we will be sitting down with real estate magnate Daniel Dessurra as he shares his experience on how he built wealth, created cash flow, and generated passive income. He then breaks down how he increased his net worth over time. Tune in as we discuss it in this insightful episode. Key Takeaways Life before real estate It doesn't take a ton of deals to make an absolute fortune Creating stability and financial freedom Building cash flow is important Using private capital Hard money loans Taking action in your business and finding discounted properties It's progress, not profession Resources Email-danieldessurra@yahoo.com Rich Dad Poor Dad Deal Machine Raising Private Capital Driving for Dollars Mastery

Millionaires Unveiled
220: Net Worth of 1.5M - Police Officer Maxing Roth IRA Since Age 18

Millionaires Unveiled

Play Episode Listen Later Jan 10, 2022 42:40


Mike is a police officer with a current net worth of 1.5M. In addition to his current assets, he also has a pending pension worth up to 60K in the next few years. Mike discusses his Roth IRA, his kids' Roth IRAs and how he funds them, as well as his 457 retirement accounts. We also discuss what drives him personally, his definition of happiness, and what he plans to do with his money upon retirement. 

Learn Real Estate Investing | Lifestyles Unlimited
(January 8, 2022) Motel Owners DOUBLE Their Net Worth With Multifamily Apartment Investments!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Jan 8, 2022 41:45


Raj and Kunjal spent 46 years growing their net worth in the Hotel industry, but it only took them 4 years to double that number by investing in residential real estate! Joining David Ruzicka on the air, they share how they moved from Motels into Multifamily communities, and bring their daughter on the show to talk about her FIRST Passive investment! Click to Listen Now

Learn Real Estate Investing | Lifestyles Unlimited
(January 7, 2022) 8 Steps to a Higher Net Worth in 2022

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Jan 7, 2022 42:11


Andy Webb reviews an article with 8 steps to increase your net worth in 2022, through the lens of a real estate investor. Listen and learn which of these steps will help you build wealth, and which ones they've left out! Click to Listen Now

Money Guy Show
Average Net Worth By Age in 2022!

Money Guy Show

Play Episode Listen Later Jan 7, 2022 55:40


It's that time of year again - time for our annual Net Worth By Age show! In this episode, we'll discuss how the net worth of Americans changed in 2021, how much average Americans and Financial Mutants should have by age, and which parts of your net worth statement to focus on. Check out our website for more information. Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let's make sure you're on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We're financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok

This Is Karen Hunter
S E1047: Angela Matthews: Investing should be a way of life

This Is Karen Hunter

Play Episode Listen Later Jan 5, 2022 62:07


Angela Matthews, explains why investing is a game changer and why now is the time to take action.

Holmberg's Morning Sickness
01-05-22 - Entertainment Drill - WED - Betty White's Net Worth Revealed - List Of Most Streamed Shows On Disney Plus In 2021

Holmberg's Morning Sickness

Play Episode Listen Later Jan 5, 2022 11:20


Holmberg's Morning Sickness - The Entertainment Drill - Wednesday January 5, 2022

Empowered Worth: Worthy Wisdom for Women
Time is Ticking with Becca Rich | EW88

Empowered Worth: Worthy Wisdom for Women

Play Episode Listen Later Jan 5, 2022 27:13


In this episode, Becca Rich shares her tips for learning how to apply time management holistically to our lives. Becca Rich is the Holistic Time Management Coach at theholistictimecoach.com. She helps heart-centered womxn solopreneurs and small business owners leverage their time and energy so they can work less and intentionally reach their business and life goals without exploiting themselves is the Holistic Time Management Coach. She helps heart-centered womxn solopreneurs and small business owners leverage their time and energy so they can work less and intentionally reach their business and life goals without exploiting themselves. Guest Social Media links Instagram - https://www.instagram.com/theholistictimecoach/ Facebook - https://www.facebook.com/TheHolisticTimeCoach Pinterest - https://www.pinterest.com/TheHolisticTimeCoach/_created/ Website - https://www.theholistictimecoach.com/ Victoria Lowell is a financial advocate, coach, international bestselling author of “Empower your Worth: A Woman's Guide to Increasing Self-Worth and Net Worth.” and the founder of Empowered Worth, a financial-education platform that empowers women to become active participants in their own financial future and well-being. In late 2018 she left Wall Street and followed her passion to help women assert themselves fiscally. Her expertise in this field has led to her hosting this podcast, conferences and webinars, motivational speaking and being a guest on many tv, radio and podcast shows. Thanks for listening! It means so much to us that you listened to our podcast! If you would like to continue the conversation with us, head on over to www.empoweredworth.com . With this podcast, we are building a community of Empowered Women that we hope to inspire to a better their lives and take their place at the financial table. If you know somebody who would benefit from this message, or would be an awesome addition to our community, please share it using the social media buttons on this page. Join our private Facebook Group: https://www.facebook.com/groups/1092671450939354/ Social Media links Instagram - @empoweredworth Facebook - @victorialowellew & @empoweredworth Twitter - @empoweredworth Pinterest - @empoweredworth You Tube - @empoweredworth Website – www.empoweredworth.com Sign up for our FREE MEMBERSHIP and get our Basic On-Demand Personal Finance Course. https://empoweredworth.com/product/basic-membership Do you have some feedback or questions about this episode? Leave a note in the comment section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe on the podcast app on your mobile device. Leave us a review We appreciate every bit of feedback to make this a value adding part of your day. Ratings and reviews from our listeners not only help us improve, but also help others find us in their podcast app. If you have a minute, an honest review on iTunes goes a long way! Thank You!!  

Wealth On Any Income
Episode 71: Keeping Your Customers Forever with Matt Champagne

Wealth On Any Income

Play Episode Listen Later Jan 3, 2022 17:40


In Episode 71 of the Wealth On Any Income Podcast, Rennie is joined by Dr. Matt Champagne. For 28 years, Dr. Champagne has been a researcher, university professor, and serial entrepreneur. His passion is to help you to keep your customers forever!Matt was named “Technology Visionary” by SURVEY Magazine for his pioneering work merging psychology and technology to create never-before-seen customer feedback solutions. When not teaching, Matt can be found in the Caribbean SCUBA diving or on-stage playing keyboard in his rock band.In this episode Rennie and Matt cover:In Matt's various roles he found he was always doing this one thing.Why paying attention to your existing customers is important.Customer Surveys and how they are used poorly.Matt's favorite charities including Meals by Grace https://mealsbygrace.org/The “dark psychology” tactics used to sell.Matt's biggest mistake and what he learned from it.How he helped a cruise line retain customers during the pandemic using good psychology vs tactics.How to get Matt's 9 principles to put into place to help you get more response from your audience to keep them focused on you.Why building trust is so important.To get Matt's download – The 9 Principles of Customer Feedback visit http://matthewchampagne.com/wealth/More About MattFor two decades, Dr. Matthew Champagne has influenced survey and feedback practices in learning organizations worldwide as a researcher, university professor, author, serial entrepreneur and in-demand speaker. He has authored more than 75 articles, books and how-to guides with practical solutions for creating high-quality feedback tools and processes that have now been implemented at more than 600 organizations across the globe.Dr. Champagne's theories and empirical research spawned the web-based course evaluation industry in the late 1990s, and he helped create many of the innovative web-based technologies used today to improve the quality of training and customer service.As Research Fellow and Senior Evaluator for the U.S. Army Research Institute, National Science Foundation, U.S. Department of Education, U.S. Department of Energy, Sloan Foundation and Hewlett Foundation, Champagne advised 370 colleges and learning organizations on implementing feedback and evaluation systems to drastically improve customer retention, learning, and performance.Dr. Champagne was named Technology Visionary of 2015 by SURVEY Magazine for his pioneering work merging psychological principles and online educational technologies.For more information visit http://matthewchampagne.com/If you'd like to know how books, movies, and society programs you to be poor, and what the cure is visit wealthonanyincome.com/tedx. You'll hear Rennie's TEDx talk and can request a free 27-page Roadmap to Complete Financial Choice™ and receive a weekly email with tips, techniques, or inspiration around your business or money. Rennie's Books and Programshttps://wealthonanyincome.com/books/Rennie's 9 Days to Financial Freedom program:https://wealthonanyincome.com/programsConnect with Rennie Websites:WealthOnAnyIncome.comRennieGabriel.comEmail: Rennie@WealthOnAnyIncome.comLinkedIn: https://www.linkedin.com/in/renniegabriel/Facebook: https://www.facebook.com/WealthOnAnyIncome/Twitter: https://twitter.com/RennieGabrielYouTube: https://www.youtube.com/channel/UCdIkYMOuvzHQqVXe4e_L8PgInstagram: https://www.instagram.com/wealthonanyincome/

Millionaires Unveiled
219: Net Worth of 2.2M - 70 Years Old, Bartender to Millionaire

Millionaires Unveiled

Play Episode Listen Later Jan 3, 2022 45:33


J.C. is 70 years old and has a current net worth of 2.2 million. He shared his story which involved a career in the military, bartending, and working at Apple. He now travels the country (and world) with his wife, primarily in their 250K RV/motor home. J.C. shared that he became a millionaire at age 55 and had a max salary of 130K. We also discuss his historical investing, generational wealth, and how much he spends annually in retirement.

The Cardone Zone
Increase Your Net Worth With 6 Simple Steps

The Cardone Zone

Play Episode Listen Later Dec 29, 2021 52:35


Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe, and with 6 simple steps you can create your own net worth.

Purpose FULL Women
234 - How This Canadian Money Coach Achieved A $100K+ Net Worth By 23 Years Old! with Jashan Mundi

Purpose FULL Women

Play Episode Listen Later Dec 29, 2021 8:30


Jashan is an up and coming money coach geared towards helping Canadians manage their personal finances so they can spend less time worrying about money and more time living their dream life. By the age of 23 years old, he has amassed a net worth of over $100,000 by earning, saving, and investing in the Stock Market and Real Estate. His goal is to achieve financial freedom by 30 years old.

Wealth, Taxes, and Finances with John Cindia
Episode 95: Debt & Net Worth mini-sode

Wealth, Taxes, and Finances with John Cindia

Play Episode Listen Later Dec 28, 2021 13:11


We want to hear from you! We are giving away Three $50 Visa Gift cards for the top three submissions!The rules are as follows:Email us your name and address at jcindia@lifestagesadvisory.comSend us your episode suggestion, why you listen to WTF and what's the best thing you have learned from the podcast!We are excited to hear from everyone and do a little giveaway prior to our 100th episode!In this episode the gang discusses debt and net worth and different types of debt and how they can help your as well as hurt you. Typically a younger person will have a negative net worth while someone closer to retirement age would typically have a positive net worth. After building a good nest egg for retirement in-line with paying off big mortgages and being ready to dig into a Roth IRA or a 401K this will result in a positive net worth.

Todd N Tyler Radio Empire
12/28 3-1 Celeb Net Worth Beatdown

Todd N Tyler Radio Empire

Play Episode Listen Later Dec 28, 2021 21:36


If you HAD to beat one down.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Learn Real Estate Investing | Lifestyles Unlimited
(December 25, 2021) How Kathy Retired With an 8 Unit Multifamily Community in 2.5 Years!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Dec 25, 2021 41:44


When Cliff told Kathy C. about Lifestyles Unlimited, she thought it was a ponzi scheme and wanted nothing to do with it. After attending the 2-Day Financial Freedom Seminar, she couldn't wait to start their own investing story! Getting into their first passive deal 3 months later, they tell David Ruzicka how they doubled their money, retired Kathy, and continued expanding their Multifamily portfolio to increase their Net Worth 4x in 4 Years! Click to Listen Now

BiggerPockets Money Podcast
260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)

BiggerPockets Money Podcast

Play Episode Listen Later Dec 24, 2021 64:28


Stocks vs. real estate is a regular feud among many financially savvy forums on the internet. While some investors love the passive aspect of stocks, other investors love the tax savings and flexibility of real estate. Regardless of your preferred asset, it's better to stick your hard-earned money in something that makes money for you, instead of spending it or letting it sit.Our guest today, Madison, is having trouble deciding which asset class she and her husband are best suited for. They have high-income jobs, a great net worth for their age, and just moved from the expensive San Francisco Bay Area to far more reasonable Texas. They'll have a lot more money to stash away without the high rent, gas prices, or child care they had in California.But neither Madison nor her husband have plans to retire early, so should they even plan for early retirement? Scott and Mindy walk Madison through her multiple different investing options, along with giving her the structure to formulate a three, five, and ten-year plan for wealth building and financial freedom. We may hear back from Madison very soon on the progress she's made!In This Episode We CoverWhy relocating to another state can be a massive savings lever Understanding when you want to retire and how your assets play a part in retirement Putting in your “500 hours” to any asset you truly have an interest in Turning your primary residence into a rental property after you upgrade Stock investing vs. real estate and the pros and cons of bothReducing your spending so you can save (and invest) much moreAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brave Bold Brilliant Podcast
Your Network is Your Net Worth

Brave Bold Brilliant Podcast

Play Episode Listen Later Dec 24, 2021 17:13


In this episode, Jeannette explains how her network relates positively to her net worth. Why being a strong network has been key to driving her corporate career, as well as enabling her to take her own businesses from zero to millions. How actively networking and doing it in the right way enables you to create more meaningful relationships. Building mutually beneficial connections that lead to great results, in all areas of your life.   During the podcast, Jeannette provides you with a simple,  rinse and repeat, six-step process to enable you to become a master networker. As well as 12 tips that will make it easier for you to take action.   KEY TAKEAWAYS   Taking a proactive approach to networking creates great results. Far better than just letting things happen. When you create meaningful relationships with people in business you help them as well as yourself. Lead with value – genuinely help the other person. Get out of your own way…. everyone has something important to say and contribute. It is normal to feel nervous, at first.  Volunteer for projects and initiatives. It is a great way to learn and meet interesting people. Be persistent, especially when it comes to pursuing opportunities. Block out time in your diary to network. BEST MOMENTS ‘It's helped me to go from zero to multi-millions, over the years. ´ ‘When your networking, put yourself in the other person´s shoes.' ‘Invest the time. When you have meaningful relationships in your life, that actually creates more time in your diary.'   This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It's never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you'd like to join Jeannette's FREE Mastermind just DM Jeannette on info@jeannettelinfootassociates.com or sign up via Jeannette's linktree https://linktr.ee/JLinfoot   VALUABLE RESOURCES Brave, Bold, Brilliant podcast series - https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970   ABOUT THE HOST Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.   Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.    CONTACT THE HOST Jeannette's linktree  https://www.jeannettelinfootassociates.com/ YOUTUBE LinkedIn Facebook Instagram Email - info@jeannettelinfootassociates.com   Podcast Description   Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big' international business to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true' to yourself is the order of the day. See omnystudio.com/listener for privacy information.

AWM Insights Financial and Investment News
What Does Financial Structure Mean? | Brandon Averill, Justin Dyer | AWM Insights #92

AWM Insights Financial and Investment News

Play Episode Listen Later Dec 21, 2021 19:18


Financial Structure is a household's entire net worth, human capital, and tax rate evaluated in a comprehensive and holistic framework.No matter how many different accounts you have, you only have one effective tax rate. A portfolio is only one part of your Net Worth. Other assets should not be ignored.Human Capital, often the greatest asset on a personal balance sheet, should also be counted.Priorities are everything you want to achieve in life and the financial structure should be tailored to achieve those outcomes.EPISODE HIGHLIGHTS:(0:40) Markets are struggling and have finished down for three out of the last four weeks. (1:03) The Federal Reserve has pivoted to be more “hawkish” and is speeding up the end of QE and signaling faster interest rate hikes.   (2:40) The Omicron variant is having less of an impact on the market as it is proving to be less deadly than previous variants. (3:25) HSBC and Wells Fargo are settling currency trades between each other on the blockchain. A great tangible benefit and use case for the blockchain. (4:05) Reddit has filed for an IPO and will go public early next year.(4:15) The Build Back Better bill currently in Congress is not going to pass before the end of the year. Joe Manchin has shut it down and will be pushed to January. (5:20) Fed Chair Jerome Powell has publicly said he can't predict interest rates. (7:10) Financial Structure is the big picture of one net worth, one effective tax rate, and knowing the value of your human capital.(8:25) Planning is an ever present item. Waiting until the last minute means you most likely have already lost out on the opportunities.(9:00) Roth Conversions and Backdoor Roth strategies. (9:30) Mutual funds are required to pay out their capital gains in the fund. These distributions can sometimes be massive short term capital gains.(10:35) Turnover in funds, meaning they are churning their holdings through frequent buying and selling can mean a huge tax bill.(12:15) Because of the reporting, no one really sees the tax drag this causes for investors.(13:15) Tax loss harvesting is a strategy to bank losses to offset future gains while staying fully invested.(13:50) A dynamic trading system allows the opportunities to be exploited throughout the year and doesn't wait until an arbitrary date.(14:40) Integration with tax planning, investments, financial strategy, insurance, and estate planning keeps.(15:40) Many times tax preparers don't understand tax loss harvesting and many other financial planning strategies.(16:15) Donor Advised Funds and giving appreciated assets maximize impact for both you and the cause you care about.(17:10) Instead of selling and donating cash, gift the shares directly to the DAF and receive a deduction for the value of the appreciated asset.(18:40) A Donor Advised Fund explained.

The Real Reel
Becoming Unapologetically Authentic and Following Your Gut with Jessica Zweig

The Real Reel

Play Episode Listen Later Dec 20, 2021 57:25


Episode 140: This is one of those episodes where you may find yourself furiously taking notes and walking away more inspired than ever to become your most authentic, unapologetic self. Best-selling author and award winning entrepreneur Jessica Zweig joins Natalie on the mic to discuss how building a brand can and should come from a place of authenticity and how everyone has the power to speak their truth with confidence and humbleness. The two find common ground surrounding their own journeys of self-discovery as Jessica opens up about the roller coaster ride that was her first business and how she has continued to navigate entrepreneurship from there. It becomes immediately clear why Natalie asked Jessica to come back for part two of this incredibly inspiring conversation!    Jessica Zweig is the CEO and Founder of SimplyBe. Agency and recently released her best-selling book, Be: A No-Bullsh*t Guide to Increasing Your Self Worth and Net Worth by Simply Being Yourself. She was named a “Personal Branding Expert” by Forbes and facilitates sold-out workshops and masterminds around the world to companies such as, Blackstone, Nike, Mindvalley, and Bank of America, to name a few.    Today's episode dives into:    Ways to start getting to know and embrace your true, authentic self  Advice on starting a business with co-founders   How to trust your gut and then actually follow it   Signs your body is speaking to you and ways to listen and honor it    Thank you so much for being a part of our podcast community! Please be sure to rate, follow, review, and of course, post to your highlight reel. Follow your host Natalie on Instagram @nataliebarbu and @therealreelpodcast.    Follow Jessica on Instagram @jessicazweig and listen to her podcast The SimplyBe. Podcast. Check out her new book Be: A No-Bullsh*t Guide to Increasing Your Self Worth and Net Worth by Simply Being Yourself.    Thank you to our sponsors for making this episode possible. Check out these deals just for you:  CANVA - Go to canva.me/realreel to get your FREE 45-day extended trial.  QUIP - Go to getquip.com/realreel to save $10 on a quip Smart Electric Toothbrush.  CUROLOGY - Go to curology.com/real for a free 30-day trial and just pay for  shipping and handling!  NUTRAFOL – Go to nutrafol.com/realreel to save FIFTEEN DOLLARS OFF your first month's subscription plus FREE shipping on EVERY order.  BETTERHELP – Go to betterhelp.com/trr for 10% off your first month  PRINCESS POLLY – Go to princesspolly.com and use the code REAL20 for 20% off your  next order.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Wealth On Any Income
Episode 70: Getting Your Value Proposition Right with Rob Bedell

Wealth On Any Income

Play Episode Listen Later Dec 20, 2021 16:34


In Episode 70 of the Wealth On Any Income Podcast, Rennie is joined by Rob Bedell. Rob has successfully built and restructured many businesses, and now he coaches and advises business owners on how to grow their business and get clear on their value proposition.In this episode Rennie and Rob cover:How Rob recently decided to become a coach from working as a fractional VP of Sales.Rob's favorite charity – The Boys and Girls Club of America.His biggest “failure” as part of publishing his new book and what he learned from that.His advice to business owners – you might own your business, but you don't have to be in business alone.Rob's advice about getting your value proposition right and a case study about how valuable that is!The three questions to ask to get to your value proposition.How to reach Rob on linked in - https://www.linkedin.com/in/robbedell/What the main issue is that holds business owners from having a business that can run without them.You can contact Rob at https://www.linkedin.com/in/robbedell/If you'd like to know how books, movies, and society programs you to be poor, and what the cure is visit wealthonanyincome.com/tedx. You'll hear Rennie's TEDx talk and can request a free 27-page Roadmap to Complete Financial Choice™ and receive a weekly email with tips, techniques, or inspiration around your business or money. Rennie's Books and Programshttps://wealthonanyincome.com/books/Rennie's 9 Days to Financial Freedom program:https://wealthonanyincome.com/programsConnect with Rennie Websites:WealthOnAnyIncome.comRennieGabriel.comEmail: Rennie@WealthOnAnyIncome.comLinkedIn: https://www.linkedin.com/in/renniegabriel/Facebook: https://www.facebook.com/WealthOnAnyIncome/Twitter: https://twitter.com/RennieGabrielYouTube: https://www.youtube.com/channel/UCdIkYMOuvzHQqVXe4e_L8PgInstagram: https://www.instagram.com/wealthonanyincome/

Millionaires Unveiled
217: Net Worth of 575K - "We Are Not Going Back Into Credit Card Debt"

Millionaires Unveiled

Play Episode Listen Later Dec 20, 2021 45:47


Steven has a net worth of 575K and is well on his way to millionaire! He discusses his life and financial story which includes paying off 30K of personal debt, a bulk of which was personal credit card debt. Steven discusses his "I've had it!" moments which made him take control of his finances, his financial goals for the future, and the benefit of his flexible job. His investments are held primarily in retirement accounts in the stock market and home equity.

Finance for Physicians
Financial Vitals Check Part 3: Net Worth

Finance for Physicians

Play Episode Listen Later Dec 16, 2021 22:22


If you have clarified your values and determined your saving, spending, giving ratio, the final financial vital to measure is your net worth. What is your net worth? What do you track with your net worth? How do you track your net worth? What can you use it for and why is it beneficial? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to calculate, track, and increase your net worth and decrease your debt. Topics Discussed: Net Worth = Total Assets - Total Liabilities Adding to assets or subtracting debt increases net worth Negative Net Worth: Part of the medical career track for physicians Compound Interest: Exponential growth when earning interest on your interest Net Worth: Changes over time, track it to monitor inefficiencies and progression Debt-to-Income Ratio: How high is your debt relative to your earning potential? Values/Goals: Net worth should depend on your plan for what’s most important Links: Monthly Net Worth Tracker Template Contact Finance for Physicians Finance for Physicians

Derek O'Shea Show | Comedy News Show
Nancy Pelosi Net Worth is WHAT? How do Politicians become so RICH? Insider Trading at its Finest

Derek O'Shea Show | Comedy News Show

Play Episode Listen Later Dec 15, 2021 12:33


SIGN UP TO MAKE SURE BIGTECH CANT SHUT ME DOWN SO WE CAN STAY IN CONTACT HERE: derek-oshea-show.mailchimpsites.comSupport the SHOW https://www.buymeacoffee.com/derekosheashowWANT A MUG WITH MY FACE ON IT?https://store.streamelements.com/theoneminutenewsNancy Pelosi Net Worth is WHAT? How do Politicians become so RICH?  Insider Trading at its Finest#Pelosi #InsiderTrading #StockMarket SUPPORT THE SHOW : https://streamelements.com/theoneminutenews/tipPolitically Homeless Daily Comedy News Show#breakingnews #politics #politicallyhomelessEmail: derekosheashow@gmail.comYoutube: https://www.youtube.com/derekosheashowRumble  : https://rumble.com/c/c-624233Podcast Audio Webpage: https://derekosheashow.buzzsprout.comApple Podcast : https://podcasts.apple.com/us/podcast/derek-oshea-show-comedy-news-show/id1508917484Spotify : https://open.spotify.com/show/3BNCK8HjbDOtyOlHMOVGTXOdysee: https://odysee.com/@DerekOsheaShowWebsite : https://theoneminutenews.wixsite.com/derekosheashowTwitter: https://twitter.com/DerekOsheaShowInstagram : https://www.instagram.com/derekosheashow/Bitchute: https://www.bitchute.com/channel/LgKyzhcXmm52/Gab: https://gab.com/TheOneMinuteNewsFacebook : https://www.facebook.com/DerekOsheaShowTikTok : https://www.tiktok.com/@derekosheashow?Breaking News Live,Breaking News Today,Insider Trading,Politician Insider Trading,Nancy Pelosi Net Worth,Nancy Pelosi Insider Trading,Nancy Pelosi Husband Insider Trading,Senators caught cheating,senators caught insider trading,personal finance,yahoo finance,insider trading,nancy pelosi,house speaker,Should politicians be allowed to trade stocks,rich politicians,political class,political science,business news,political news,comedy news showSupport the show (https://www.buymeacoffee.com/derekosheashow)

Empowered Worth: Worthy Wisdom for Women
Freeing your Heart with Maggie Chilton | EW87

Empowered Worth: Worthy Wisdom for Women

Play Episode Listen Later Dec 15, 2021 24:22


In this episode, just Maggie Chilton is sharing her expert knowledge to help us learn how to free our heart and transform our lives. Maggie Chilton is a Women's Self Development & Transformation Specialist with a BA (Hons), Registered Holistic Nutritionist, Certified Creatrix® Transformologist®. The author of the Personal Wellness Journal. An instructor at the Canadian School of Natural Nutrition and Founder of Maggie Chilton. She focuses on taking women through a process that allows them to get out of their own way and realize that they don't have to settle, or be limited by what we, others and society tell us we should be.   For them to experience the power of knowing that it doesn't have to be the way it is now, and that we have the power to change anything we want. She knows what it feels like to be at a point in your life where you feel out of control, incapable, unheard, insignificant, vulnerable and that there has to be more to it than this.   When women gain personal wisdom and realize their uncapped potential, they light up, allowing themselves to imagine what their life could look like and knowing they can create it. This is what she wants all women to experience. Guest Social Media links Instagram - https://www.instagram.com/maggiechiltontransforms/ Twitter - https://twitter.com/chilton_maggie LinkedIn - https://www.linkedin.com/in/maggiechilton/ Facebook - https://www.facebook.com/groups/610302746834889 Website - https://www.maggiechilton.com/?r_done=1 Victoria Lowell is a financial advocate, coach, international bestselling author of “Empower your Worth: A Woman's Guide to Increasing Self-Worth and Net Worth.” and the founder of Empowered Worth, a financial-education platform that empowers women to become active participants in their own financial future and well-being. In late 2018 she left Wall Street and followed her passion to help women assert themselves fiscally. Her expertise in this field has led to her hosting this podcast, conferences and webinars, motivational speaking and being a guest on many tv, radio and podcast shows. Thanks for listening! It means so much to us that you listened to our podcast! If you would like to continue the conversation with us, head on over to www.empoweredworth.com . With this podcast, we are building a community of Empowered Women that we hope to inspire to a better their lives and take their place at the financial table. If you know somebody who would benefit from this message, or would be an awesome addition to our community, please share it using the social media buttons on this page. Join our private Facebook Group: https://www.facebook.com/groups/1092671450939354/ Social Media links Instagram - @empoweredworth Facebook - @victorialowellew & @empoweredworth Twitter - @empoweredworth Pinterest - @empoweredworth You Tube - @empoweredworth Website – www.empoweredworth.com Sign up for our FREE MEMBERSHIP and get our Basic On-Demand Personal Finance Course. https://empoweredworth.com/product/basic-membership Do you have some feedback or questions about this episode? Leave a note in the comment section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe on the podcast app on your mobile device. Leave us a review We appreciate every bit of feedback to make this a value adding part of your day. Ratings and reviews from our listeners not only help us improve, but also help others find us in their podcast app. If you have a minute, an honest review on iTunes goes a long way! Thank You!!  

Physical Therapy Owners Club
You MUST Attend The PPS Conference: Your Network = Your Net Worth With Will Humphreys

Physical Therapy Owners Club

Play Episode Listen Later Dec 14, 2021 28:52


The APTA's Private Practice Section (PPS) hosts an annual PPS Conference dedicated solely to private PT owners. This provides them the opportunity to learn, communicate, and network with other owners in the "trenches." Yet, only 5% of PT owners attend. Why? Learn why you should attend with your host Nathan Shields and his guest Will Humphreys. Will is the CEO of In The Black. He teaches entrepreneurs the value of this key phrase: Profitability unlocks possibility. Learn why every PT owner should attend PPS. Do you question the value of it, or have you not created a business that would allow you to leave? At that point, do you really own a business, or does the business own you? Learn more about PPS today!Love the show? Subscribe, rate, review, and share! https://ptoclub.com/

SUCCESS Insider
SUCCESS Stories: Expressing Confidence through Personal Branding with Jessica Zweig

SUCCESS Insider

Play Episode Listen Later Dec 14, 2021 48:18


Through her work founding and operating the SimplyBe. Agency, Jessica Zweig has established herself as a leader in personal branding. She talks with Madison about the tough experiences that forced her to learn the lessons she has built her career on. They also talk about the personal branding lessons everyday folks can incorporate to get more out of life. Buy Jessica's book Be: A No-Bullsh*t Guide to Increasing Your Self Worth and Net Worth by Simply Being Yourself here: https://amzn.to/3oQZdEl See omnystudio.com/listener for privacy information.

SUCCESS Talks
SUCCESS Stories: Expressing Confidence through Personal Branding with Jessica Zweig

SUCCESS Talks

Play Episode Listen Later Dec 14, 2021 48:18


Through her work founding and operating the SimplyBe. Agency, Jessica Zweig has established herself as a leader in personal branding. She talks with Madison about the tough experiences that forced her to learn the lessons she has built her career on. They also talk about the personal branding lessons everyday folks can incorporate to get more out of life. Buy Jessica's book Be: A No-Bullsh*t Guide to Increasing Your Self Worth and Net Worth by Simply Being Yourself here: https://amzn.to/3oQZdEl See omnystudio.com/listener for privacy information.

SUCCESS Stories with Kindra Hall
Expressing Confidence through Personal Branding with Jessica Zweig

SUCCESS Stories with Kindra Hall

Play Episode Listen Later Dec 14, 2021 48:18


Through her work founding and operating the SimplyBe. Agency, Jessica Zweig has established herself as a leader in personal branding. She talks with Madison about the tough experiences that forced her to learn the lessons she has built her career on. They also talk about the personal branding lessons everyday folks can incorporate to get more out of life. Buy Jessica's book Be: A No-Bullsh*t Guide to Increasing Your Self Worth and Net Worth by Simply Being Yourself here: https://amzn.to/3oQZdEl See omnystudio.com/listener for privacy information.

Growthpreneurs by Growth Academy
Your Network is NOT Your Net Worth

Growthpreneurs by Growth Academy

Play Episode Listen Later Dec 13, 2021 20:17


People often say that your "network is your net worth" but that's wrong. Your network creates your net worth, ONLY if you know how to build relationships with people online. If not, it just remains untapped potential. Your future success in your business will depend on your ability to network with people online, your ability to build trust and sustain is virtually... Listen to this episode to discover 3 simple online networking tips: Why networking matters to your business, how to attract the right people and how to message them to start building a relationship. Click here to join me for a free LIVE LinkedIn networking masterclass. 

Wealth On Any Income
Episode 69: The Journey to Retirement with Fritz Gilbert

Wealth On Any Income

Play Episode Listen Later Dec 13, 2021 18:29


In Episode 69 of the Wealth On Any Income Podcast, Rennie is joined by Fritz Gilbert.Fritz retired in 2018 at the age of 55 after a 33-year career in Corporate America. For the past 6 years he has been writing about his preparation for - and transition into - retirement on The Retirement Manifesto, the award-winning blog he began 3 years prior to his own retirement.In addition to the blog, Fritz published his first book in 2020, Keys to a Successful Retirement, which captures the key things he learned from his personal journey into retirement.In this episode Rennie and Fritz cover:Reframing the word retire to re-tireHow Fritz and his wife, Jackie's charity Freedom for Fido began and what work they do.What is 'One More Year Syndrome' and how it can benefit you in retirement.The 90-10 Rules of Retirement.Fritz's Blog – The Retirement ManifestoWhat it's like to be in re-tirement – Fritz's biggest learning.You can visit Fritz's blog – the Retirement Manifesto at https://www.theretirementmanifesto.com/More About FritzFritz and his wife live in a cabin in the Southern Appalachian mountains in North Georgia, where they're active running Freedom For Fido (www.freedomforfido.com), the 501c3 non-profit charity founded by his wife, Jackie. Freedom for Fido is a 501c3 which builds free dog fences for low-income recipients with dogs who spend their lives on a chain.  To date, they've completed 45 fences and helped more than 100 dogs enjoy a better life.If you'd like to know how books, movies, and society programs you to be poor, and what the cure is visit wealthonanyincome.com/tedx. You'll hear Rennie's TEDx talk and can request a free 27-page Roadmap to Complete Financial Choice™ and receive a weekly email with tips, techniques, or inspiration around your business or money. Rennie's Books and Programshttps://wealthonanyincome.com/books/Rennie's 9 Days to Financial Freedom program:https://wealthonanyincome.com/programsConnect with Rennie Websites:WealthOnAnyIncome.comRennieGabriel.comEmail: Rennie@WealthOnAnyIncome.comLinkedIn: https://www.linkedin.com/in/renniegabriel/Facebook: https://www.facebook.com/WealthOnAnyIncome/Twitter: https://twitter.com/RennieGabrielYouTube: https://www.youtube.com/channel/UCdIkYMOuvzHQqVXe4e_L8PgInstagram: https://www.instagram.com/wealthonanyincome/

Millionaires Unveiled
216: Net Worth of 1.3M - Female CPA Working in Public Accounting

Millionaires Unveiled

Play Episode Listen Later Dec 13, 2021 51:52


Danielle is a working mother, CPA, and investor! She has a current net worth of 1.3MM and is in her early 30's. Danielle has more than 700K in retirement accounts, 170K in home equity, and 250K in a traditional brokerage account. We discuss her career in public accounting, buying and selling houses (her husband was in the military so they bought and sold often), future financial goals, her investing start from a young age, and financial confidence/happiness.

Learn Real Estate Investing | Lifestyles Unlimited
(December 11, 2021) Chad & Lisa Increase Net Worth 5x With Real Estate!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Dec 11, 2021 42:00


When Lisa's brother walked away from corporate America to be a full-time Multifamily apartment investor, she realized they could do it too; telling David Ruzicka how they turned $16,000 starting capital into 3 Multifamily community investments as Lead Investors™ and increased their Net Worth 5x since joining Lifestyles Unlimited!

Learn Real Estate Investing | Lifestyles Unlimited
(December 11, 2021) Chad & Lisa Increase Net Worth 5x With Real Estate!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Dec 11, 2021 42:00


When Lisa's brother walked away from corporate America to be a full-time Multifamily apartment investor, she realized they could do it too; telling David Ruzicka how they turned $16,000 starting capital into 3 Multifamily community investments as Lead Investors™ and increased their Net Worth 5x since joining Lifestyles Unlimited!

Flute 360
Episode 182: Let's Talk Music Business with Eric Branner!

Flute 360

Play Episode Listen Later Dec 11, 2021 49:15


Flute 360 | Episode 182: “Let's Talk Music Business with Eric Branner!” In today's episode, Eric Branner and Heidi Begay talk about what it takes to be a successful musicpreneur! This episode is for you, if you are wanting to move the needle forward in your music business and unsure of how to start. We discuss topics such as focus, owning your value, and time management skills. Eric is completely candid and a foundation of knowledge! Peek inside this CEO's mind, so you can learn from one of the industry's leaders! Finally, go to fons.com to see if Eric's services would be a good fit for your flute studio! Fons helps with your studio's administrative tasks, such as scheduling and invoices. Since you'll be saving time with less paperwork, now you'll have more time for lesson planning and playing with your students! E182– Resources Mentioned: The Ultimate Music Business Summit Fons Book: “Selling with Noble Purpose: How to Drive Revenue and Do Work That Makes You Proud!” by Lisa Earle McLeod with Elizabeth Lotardo Flute 360's Sponsors: Fons – Payments and Scheduling on Autopilot! Thank you, Eric Branner, for your support! Heidi's Corporate Sponsorship Webinar held on 12/15/21 at 6:00 PM CST! Click here to get on the mailing list for the event! Follow Flute 360! Join the Flute 360 Newsletter! Follow Flute 360 via Instagram! Subscribe to the Flute 360's YouTube Channel! Heidi's Website

Money Guy Show
3 Ways to Increase Your Net Worth in 2022

Money Guy Show

Play Episode Listen Later Dec 10, 2021 51:24


Increasing your net worth is simple, right? You just need to increase your assets or decrease your liabilities, and voilà! But there's a lot more that goes into it than that, and in this episode we'll discuss how to grow your net worth faster than your peers, pitfalls to watch out for, and how to increase your net worth in 2022! Check out our website for more information. Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let's make sure you're on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We're financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok

Think Bigger Real Estate
Building a Powerful Real Estate Network | Tucker Merrihew

Think Bigger Real Estate

Play Episode Listen Later Dec 9, 2021 22:42


Your Network determines your Net Worth... we've all heard that said before. Today I talk with the owner of TTM Development and Co-Host of the Portland Real Estate Podcast. A few of the questions that I ask Tucker include:-What is the most profitable work you do? What is the most rewarding work you do? Are they the same thing?-What role has your network played in doing this great work?-What do you do to intentionally grow your network?-What do you do to continue to add value to your network?-How do you best leverage the power of the network you've built?Links:Full episode with video, audio, timestamps and full transcription—Explore past episodes:  justinstoddart.com/podcastDownload my international best-selling book, The Upstream Model, here: justinstoddart.com/freebookIf you enjoy the podcast, please leave us a short review on Apple Podcasts.  I love reading reviews and engaging with our community.Follow Justin:Instagram: instagram.com/justinstoddartFacebook: facebook.com/justincstoddartYouTube: youtube.com/c/justinstoddart

Money Guy Show
Use Your Net Worth Statement To Power Your Wealth Goals!

Money Guy Show

Play Episode Listen Later Dec 8, 2021 22:51


We love the annual tradition of a Net Worth Statement. We originally recorded today's video for people who purchase our Net Worth Tool, but the 5 points on wealth building were so good that we had to share it with you for free! It will motivate you to stick to your financial goals and help you understand why we believe in this tradition so much. Get our Net Worth Tool Now! Subscribe on YouTube! Download FREE Financial Resources from the show Sign up for our Financial Order of Operations course Let's make sure you're on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We're financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok

Empowered Worth: Worthy Wisdom for Women
Intuition and Abundance with Kavita Melwani | EW86

Empowered Worth: Worthy Wisdom for Women

Play Episode Listen Later Dec 8, 2021 27:38


In this episode, my guest Kavita Melwani is sharing with us her tips for following your intuition and achieving the abundance you desire. Kavita Melwani, is a Women's Empowerment Coach, a highly sensitive Woman, and a mother to two beautiful boys.  She is a serial entrepreneur who has owned and operated various businesses since2003. The turning point in her life came when she started to work with a life coach to recognize her true gifts and calling. Kavita holds various coaching certifications, is a Hypnotherapist and Reiki Master and a “Certified Money, Marketing and Soul Coach”, She also is a certified Health Coach and a Nutritional Therapy Practitioner. She is on a mission to guide other heart-centered women find to find their voice, improve their self-worth, and feel comfortable in their own skin so they can attract abundant Lives. Guest Social Media links Instagram - https://www.instagram.com/kavitalifecoach Facebook - https://www.facebook.com/kavitalifecoach LinkedIn - https://www.linkedin.com/in/kavita-melwani-coach/ Website - https://theenlightenedheart.pro Victoria Lowell is a financial advocate, coach, international bestselling author of “Empower your Worth: A Woman's Guide to Increasing Self-Worth and Net Worth.” and the founder of Empowered Worth, a financial-education platform that empowers women to become active participants in their own financial future and well-being. In late 2018 she left Wall Street and followed her passion to help women assert themselves fiscally. Her expertise in this field has led to her hosting this podcast, conferences and webinars, motivational speaking and being a guest on many tv, radio and podcast shows. Thanks for listening! It means so much to us that you listened to our podcast! If you would like to continue the conversation with us, head on over to www.empoweredworth.com . With this podcast, we are building a community of Empowered Women that we hope to inspire to a better their lives and take their place at the financial table. If you know somebody who would benefit from this message, or would be an awesome addition to our community, please share it using the social media buttons on this page. Join our private Facebook Group: https://www.facebook.com/groups/1092671450939354/ Social Media links Instagram - @empoweredworth Facebook - @victorialowellew & @empoweredworth Twitter - @empoweredworth Pinterest - @empoweredworth You Tube - @empoweredworth Website – www.empoweredworth.com Sign up for our FREE MEMBERSHIP and get our Basic On-Demand Personal Finance Course. https://empoweredworth.com/product/basic-membership Do you have some feedback or questions about this episode? Leave a note in the comment section below! Subscribe to the podcast If you would like to get automatic updates of new podcast episodes, you can subscribe on the podcast app on your mobile device. Leave us a review We appreciate every bit of feedback to make this a value adding part of your day. Ratings and reviews from our listeners not only help us improve, but also help others find us in their podcast app. If you have a minute, an honest review on iTunes goes a long way! Thank You!!

The Remote Real Estate Investor
How Anna Kelley built a multi-million dollar net worth with multi-family real estate

The Remote Real Estate Investor

Play Episode Listen Later Dec 8, 2021 38:39


Anna Kelley is a 4X Amazon #1 Best Selling author and frequent guest on Real Estate Investing podcasts. She speaks at REI groups around the country on Buy & Hold Investing, Multifamily Investing, Vacation Rentals, Creative Financing,  Flipping, the Unique Challenges of Being a Woman in Real Estate, & making wise, conservative real estate investment decisions that will last through every market cycle. In this episode, Anna shares her amazing journey to financial freedom. Through multiple failures and hardships, Anna's unbreakable motivation helped her push through adversity to build a multi-million dollar net worth and focus on what is most important to her, her family. She covers everything from single-family real estate, small multi-family and larger multi-unit syndications.  Anna's websites: reimom.com greaterpurposecapital.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, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and today with me I have a very heavy hitter multifamily investor syndicator Anna Kelly, throughout the entire episode I called Ana Anna and she was so graceful to not even correct me. So we have her on the show, and amazing woman, really a lot of great things that she talks about with regard to multifamily investing. Let's get right into it.   Michael: Anna Kelly, thank you so much for coming on the show this morning. I really appreciate you taking the time to hang out with me.   Anna: Thank you so much. I'm so glad to be here.   Michael: So for those people that don't know who you are and your background, I'd love if you could give us a little bit of brief history into who Anna Kelly is.   Anna: great, I will try to be really brief, right? I've been investing in real estate for a little over 20 years, I think I bought my first property in 1999. And before that I had a financial background. So I worked in the financial sector, I was a financial relationship manager for Bank of America and our private banks. So I worked with lots of traditional investments, and really had a 20 year corporate career in the traditional financial sector, working on investments for high net worth individuals.   And one of the things that was interesting, Michael, is that I learned a lot about investments and what to do with it once you became wealthy. But even through all of my years of financial advisory training and college, no one taught me how do you actually create the wealth other than waiting 45 days and 45 years until your retirement accounts are finally enough that you can retire.   And I had a couple of clients who were very wealthy who laughed at the double digit returns that we could offer at our bank at the time, because they made more money in real estate. And I went okay, I've learned nothing about real estate, I need to at least start to learn and see if that's something that I should consider once I have a lot of money.   So I knew a lot about investments thought about real estate. But it wasn't until I had my first baby that really changed my why like, I really want to be home. I have this great six figure career I climbing up the corporate ladder, but I want to be home with my kids. And so I'm going to have to try to figure out how do I replace a six figure income doing something different from home and real estate was the way I did that. And that began a 20 year journey for me and to small multifamily large multifamily, ultimately retiring a multimillionaire through small multifamily real estate, leaving AIG two and a half years ago. And since then, I've been focused on large multifamily syndications.   Michael: Oh my gosh, what the track record you had. That's awesome. So   Anna: It's been a long time.   Michael: I think just a blip on the radar as a blip on the radar when when you were doing your financial advising, did you think that real estate was a realistic vehicle for to get where you want it to go, or you only saw it as kind of the the finish line, that's when you could start?   Anna: The latter, I had no idea how to get started in real estate, I learned not a single thing about it. It was not even an option for growing financial wealth in terms of what we were taught. It was all about stocks, bonds, mutual funds, annuities, really to grow the wealth that you already had. And because we already worked mostly with wealthy people, we really weren't starting from the beginning with a lot of people like, you know, yes, we would, we knew what to tell you. We'd say hey, you know, set aside 10 or 15%, put it in stocks, you know, more aggressive when you're young and match, you know, everything you can for 401k company match and eventually you'll get that million dollar nest egg by the time you're 65 and then you can live on 4% of it like $40,000 a year. And supposedly you'd be really comfortable for the rest of your life. Right?   Michael: Yeah.   Anna: And we thought that was really smart and a good thing. But I figured it would take me that 45 years to develop that million dollar you know, nest egg I never thought wow, if I invest in something else I might be able to create a significant cash flow today that will make growing wealth possible before I'm 65 never even crossed any of the conversations that I had.   Michael: Interesting. It also blows my mind that you could get double digit returns by park your money in a bank.   Anna: Well in in tools and products that we had, sometimes they were you know hedge fund type investments.   Michael: I got you I got no Not a CD?   Anna: No, but CDs paid a lot more back then than they do today. So even then I think our CDs were probably seven or 8%. They were pretty high compared to today.   Michael: That's incredible. That's incredible. Okay, so So now let's fast forward. So you found real estate, you're like, This is what I'm doing. Talk us through that first deal. And then your subsequent How did you get into small multifamily after that first deal?   Anna: Yeah. So it's really interesting, kind of going back to that my, my mind was piqued that I needed to think smarter about money, and that I needed to think about real estate as something to at least explore. And I lived in Houston, Texas at the time, and my rent was really, really expensive. So as I was starting to think about am I making wise financial decisions? I thought it's really dumb that I'm blowing, you know, 1000 $1,200 a month on rent 20 years ago, why don't I buy a condo, maybe I could buy a condo, have my my total expenses be less, and then down the road, when I'm ready to buy a house, I can run out that property. So that's what I did. It wasn't that I thought real estate's gonna grow wealth, I thought real estate as a way to to live below my means a little bit and down the road to give me a little extra cash. So that's the only real thought I had about real estate when I bought that first condo.   And then I thought, you know, real estate is kind of a speculative thing. I got into about 20, 2002 2003. And a lot of people were starting to buy homes and build and kind of rough areas that were re gentrifying, and they were making $100,000 in a year or two after building and I thought, oh, we'll speculate we'll buy a house where there's, you know, it needs to grow. And the neighborhood's not so great, but right across the street, there's lots of expensive homes. And I thought we built it in a year, it would go way up in value, right?   Well, it didn't, didn't work, right. And then I had my baby, and I watched, I was on bed rest for three months, and I watched a lot of HGTV flip this house, it was the first year that they were coming out, like all the shows, okay? It's like, Oh, my goodness, honey, I said to my husband, I got a six figure career, but I work 40 hours, 50 hours a week, I could flip three houses and make that much money, let's flip the house.   So with a three month old baby in tow, we went and got a traditional mortgage on a second house and decided let's flip this house. It has a garage apartment in the back. So we'll get a little rental income while we're flipping it. And that was our next investment before I ever even thought about really making real money with rental real estate.   Michael: Okay, and how did that flip go?   Anna: It didn't go well. We lost money. We made a lot of mistakes. It's not as easy as it looks on TV, right?   Michael: Never is it didn't take only an hour to do?   Anna: No, no, we made so many mistakes, we could we could have a whole episode just on the mistakes that we made, right. But essentially, we bought in the wrong place at the wrong time didn't know what we were doing. Way over budget way over time. It took us a year to finish it and sell it. And we lost total about $10,000 with holding costs and everything, which honestly for our first flip wasn't terrible. But my husband during that time lost a job. So we had two mortgages, a six figure school loan, a new baby and one job and he said we're never doing that again.   So put real estate aside. We said okay, the way to wealth is entrepreneurship, my husband will start his own chiropractic business. So we moved to Pennsylvania, for him to start his own practice thinking that in a year or two, he'll make all this money. It was 2007 the height of the economy. And I told my company, I'm moving Can I work from home? So they gave me this like trial period. They said, well let you try it for three months. Back in oh seven, no one worked from home. So it was like I thought this is probably not going to work. We need to be really careful with our money.   So what we decided to do, Michael is instead of buying a big house in Pennsylvania, after we sold our big house in Houston, we decided to house hack, I saw this little four unit apartment building right behind us practice that had that was for sale. And I thought you know what the building that my husband wants to lease in is also for sale. I could buy that building. It has three tenants and four garages. And we could buy this four unit live in one of the units and essentially the rental income would cover the expense of living and the expense of starting his practice. So I never thought about that until I came here and saw these properties for sale. And I was just thinking, what would be a wise move? Well, that would be a wise move because we'd have a little extra money.   So it really started only as a protection airy move because we were relocating and starting a business. Not because at that point, I thought it was the way to Well, that took me a long time to figure that out.   Michael: Oh my gosh. And so how did it go once you bought those buildings?   Anna: It went really, really well. Obviously, we were living well below our means, right. But we were working on building his business and had another child at that point. And so I was working full time he was doing his business. And we learned to become landlords, we learned to update property, you know, update our units and fix toilets and answer tenant concerns and collect rents. We basically self managed everything because we didn't know any better, right? So we learned the hard way.   And what happened was the next year, my husband's business did amazing. But then the end of 2008, we hit the Great Recession, I worked for AIG, who was going under who was in the news every day, I was told, look for another job, we're probably going to be sold, we're probably going to have our department, you know, gone laid off. And I lost about three quarters of my 401k the same week. And i i It was one of the hardest weeks I've ever been through. I also found out I was pregnant with baby number three the same week. So my job lost the 401k. Pregnant. And I was the only breadwinner because my husband had a business startup with lots and lots of debt.   And the only thing that went well, during that time, my goal was that my tenants were still paying. And I thought, everything I've been taught and taught our clients about the stock market only works until it doesn't like the biggest companies are crashing, and they're not coming back. Right. So I learned that my trust in a job and my trust in the stock market was not well placed. And the only thing that was consistent was my tenants needed a place to live and they were still paying.   And so what I did is I took the rest of my 401k I took a loan against it, and I put it as a down payment on another four unit building. Because I thought if I lose my job, I'll at least have an extra 1000 to 1200 a month coming in to cover the cost of diapers and formula a new baby. And I just bought it again as a protectionary move because I realized the power of that income that was even stable during a mass recession, the great recession. And that was the first time I had the aha moment in early oh nine, that real estate was the path I was going to take for financial wealth creation and stability.   Michael: Wow. Wow. That's unbelievable. So.   Anna: It was crazy.   Michael: So I mean, you really saw these as as defense moves so much more than offense?   Anna: Yes, at the time. Absolutely. It was just, I got to put food on the table. We've got you know, we moved to rural Pennsylvania from one of the largest cities in the world, Houston. And so I knew I couldn't just go out and find another six figure job really quickly living literally in the middle of cornfields and farmland and chocolate. So I thought I've got to create extra income so that when I get laid off from AIG, and I take a lower paying job, we'll still be able to cover the cost of his business and to, to live for a while till things got better.   So, you know, I wish I could say I was smart enough to figure out 10 years before when I first heard about real estate, that it was a way to create wealth. But I just had to kind of figure that out through really, you know, the economy collapsing before I realized, wow, there's something more powerful about real estate than just something that'll cover our expenses like this is really a way to preserve wealth. Why didn't I ever learn about this?   So I decided at that moment, this is the time for me to go all in to learn. And I bought one book, didn't have blogs didn't have YouTube, I bought one book, Multifamily Millions by Dave Lindell. And I'm like, Oh, my goodness, I have these three properties now, basically 12 units. And if you buy multifamily, you can force appreciation, and you can make them worth more and not only create more income, but create equity to then be able to go buy the next one.   Well, I had no money, Michael, I mean, all of our money was in our stock, my stock market, and it was in these down payments, and it was in my husband's business. So I thought the only way for me to grow is I've got to fix up these units force the appreciation. So that one book was kind of like an aha at the same time. And I started just working on fixing up the unit's we had, making them worth more, and then waiting for banks to finally agree to let me take the equity to continue to buy the next one, then the next one and the next one. And once I figured that out, it was really, really quick, how wealthy we were able to become just from small multi units kind of doing the BRRRR method.   Michael: So you were house hacking before it was a thing you were doing birds before it was a thing that you were revolutionary, and this is amazing.   Anna: I never thought of it that way before. Yeah, makes me feel better about it taking me a decade to figure it out.   Michael: Totally, totally. So were you doing that fix up, work yourself? Are you having contractors do the work? What was that like?   Anna: Oh, We did everything the wrong way, looking back, but it made us we gained a lot of wisdom through the mistakes, right? We took it all on ourselves because we didn't have any other money. And so at the time, I didn't have a support group that could say you can use other people's money to buy these properties you get and there were no hard money lenders, they all went under, right during us, 08-09, like lending dried. And so I didn't know, you know, my banks wouldn't help the banks wouldn't let me have equity. They knew I worked for AIG, and was probably one week away from a job loss. Real estate was going under. So they didn't want to lend on real estate.   So I couldn't find anybody to say yes, to help me take that equity. And I didn't have anyone to encourage me that you don't need the banks to grow like, hey there seller financing, when I finally figured that out. And I was able to grow through seller financing. Like it was another one of those just the next thing and the next thing, but I just didn't have a support system or anyone to challenge my thinking, to let me realize that I really could grow more real estate even though I had no money.   Michael: Yeah. That's so interesting. That's so interesting. And so if we take just a step back, because you did something that I think so many investors have a really hard time wrapping their heads around, you went from single family to a four unit, almost seemingly overnight. Aside from being scared and and trying to play defense, was there a mental shift? Or how did you wrap your head around,Okay, well, I understand single families because I lived in one and I've owned one, I've tried to flip on to then buying a four unit building, that's a leap that I think a lot of people have a hard time with. How did you get there?   Anna: You know, I think I didn't really have that mind block of fear of that, because everything I was doing was so new, right? It was like, we're gonna start a business because I want to be home with my kid. And the only way for me to do it is become more reliable on my husband's income than mine. So we're just gonna have to figure out how to be an entrepreneur and start a chiropractic business, right. So I was like, Okay, I'm willing to move to an estate, start a business, my husband's a great doctor, but he was not a businessman, no entrepreneurial brain in a bone in his body, he just okay, wasn't thinking about that. So I'm like, I'll have to learn how to do his marketing, I'll have to learn how to do billing and how to hire people.   So I was willing to do whatever it takes, because my why was so important to me, like, I will get home with my kids, I don't care what I have to learn, I'm going to figure it out, to help him be successful. And the real estate was just a small piece of that. So it was another another one of those things, I looked at what it would cost to lease space. And it was really expensive. So I thought we're gonna have a lot of risk that we're signing a multi year lease, and 95% of businesses fail in the first couple of years. So that's not super smart.   But I see that there's a building here for sale or for lease, what if we bought it since there's tenants? What would that do to our expenses? And if the business failed? Could we lease it out to someone else? So it was just those wheels turning going, how can I figure this out? How can we start a risky business with a lot of money, a lot of debt, and do it in the safest risky way we can. And that's how I figured out hey, let's buy this property. It wasn't that I thought I'm gonna move to four units from a single family it was, let's do something that's financially smart, that protects us as much as possible. So I didn't have that that block, but I was willing to do whatever it took to succeed at me getting home with my kid, that's really what it came down to.   Michael: I love that. And it's something I talk about all the time with investors is have this why develop your why figure out what's going to push you through the scary times and pull you through the unknowns.   Anna: Absolutely. And that that removes fear when you have at least the confidence to say I know what it is that I want. And I'm willing to move Hell or High Water to figure it out, no matter how long it takes, it removes some of the fear, right? I never could say, I can't handle a four unit or I can't handle that, or it's too big it was, this is what I need to do. I've got to stretch myself, I got to start thinking outside of the box and just figure it out until I figure it out. And I think that that that attitude is what really helped me.   So if you're struggling to go from single to four unit, it's only scary in your mind because you think it's so different. But it's really not that much different. It's just four units in one building instead of buying, you know, for single family houses one at a time. So surround yourself with people listen to podcasts like this where you're hearing other people doing it, it makes it much less scary and then just do it.   Michael: Yeah, that's so good. And then so when did you move into the really scary five unit plus space?   Anna: So that first building was actually commercial, right? So it was like a mixed use five unit. And then I bought the four units and what I did is is after that great recession When I pulled my 401k, and I bought that third building and I read multifamily millions, then it was like, Okay, now I need a plan that if I want to replace, you know, $150,000 of income, I'm going to need to buy, you know, one four unit building every year for the next so many years, and then I'm going to need, you know, then it was I need three, four unit buildings to to really meet my number.   So I just made a plan that said, I need 60 units. And when I have 60 units, I can leave my job. So how can I get 60 units. And so in my market now, I wanted to go straight for that 60 unit, or a 30 unit or a 20. But I had no money. Zero. Banks wouldn't lend to me that wasn't going to happen. So I said, Where is there opportunity. And in my market space, there were a lot of four unit buildings for sale. And so I'm like, there's all these four unit buildings for sale, and they're sitting on the market, because this was the Great Recession, nobody was buying real estate.   So I thought four units is what I'm going to focus on because everyone's still buying the singles because now they're dirt cheap, richer, people are buying the bigger ones. So what can I buy? What can I afford? Well, I'll do one four unit at a time. And there's a whole bunch of them available. So I focused on the four units, because that's what there was, once I bought enough of them when I had 60 units. That's when I said Okay, at this point, I could literally walk away from my job and we didn't live on any of it. It took me five years to get 60 units.   Okay, so it's 12 units a year for five years, when banks said no. And when I got to that point, I decided, you know, before I quit my job, I really want to buy a much larger apartment building and syndicate my first deal. Because if I know I can do the first one. And I've already essentially, you know, for 10 years done the four unit buildings, it's just one in one location, instead of a whole bunch of separate ones, I had the confidence I could do a bigger complex because I was already managing 60 units, it's just a matter of making make it making it all in one building with more investment dollars.   Michael: So you were self managing that 60 unit portfolio?   Anna: Yes, I told you I learned the hard way, right. I wouldn't tell you all to do it that way now. But I live in rural Pennsylvania, I didn't have a lot of good property management options. And I didn't think I could afford them. Because again, my goal was get home with my babies like I need to figure out how to how to keep everything inexpensive to get the income where it needs to be. And my husband was a chiropractor working three days a week. So he had two days a week that he actually enjoyed the hands on. And he's like, I enjoy doing it. So I'll handle it.   So I did the money side, the people side and he did the maintenance side. Now we have staff and we have all kinds of other systems in place, right, but but at first it was just one rental at a time we'll self manage. We had some good contractors, right good trades in the area. And we'll get there. And then right before I decided to leave, that was my last goal is I'm going to syndicate my first deal. I found a 73 unit apartment building. Right in my backyard. It was off market. Right before it was listed. I met up with a seller and I bought it from him. And then I thought oh no, no, I'm gonna raise like $2 million that I don't have where am I going to find the money. So I reached out to some other people and I partnered with two people.   So we ended up joint venturing it instead of syndicating it. But when I did that first joint venture, and I had an investor say yes to me for a couple million dollar investment. Because I had worked with high net worth investors for 20 years, I knew how to talk to him about this investment, versus all these other type of investments, right. So I just said, this is a great investment. And once I got that first investment done, I knew that I would be able to syndicate and scale much, much bigger deals at that point.   Michael: That's incredible. And so I have to know that what came next after that 73 unit.   Anna: So after the 73 unit, I gave my notice to AIG. So all of that fear that I was going to lose my job in 2008. Because I worked with really complicated private placement hedge fund wrapped investments. Bermuda offshore, they couldn't sell our division, we were too complicated. And my job was really complicated. So I had that job safety because of what I did. That kept me from ever being laid off. And so I was able to give notice and walk away at 20 years and retire.   And at that point, I said to myself initially, okay, I'm just going to start doing bigger deals with my free time, right? And then I realized, all that desire that why for me to be home with my kids, and at this point, by the time I could finally retire I had four children, but they were all in school, Michael. So it's like, okay, they're all in school. What am I going to do with the rest of my time? Am I really going to sit back and you know, just go to the beach and You know, eat bon-bons, or am I gonna do something bigger?   And it took me a couple couple of months to really figure out what that bigger was. I didn't need to do a deal to do a deal anymore. I had created the wealth and the financial freedom. And what was really interesting is all that time I was so focused on the cash flow. And I never had to do a PFS because I was working with a small local bank. And that's when I had to do this big syndicate this big 73 and a joint venture. And I had to go to Freddie Mac for a, you know, multifamily loan and they needed a PFS. It was the first time that I realized that I actually have a multi million dollar net worth with all these apartments that I built up, I wasn't thinking about net-worth, I was thinking about income income, and how many do I need to grow this income?   When I realized that I had that net net worth and that I had the income and now I had partners who wanted to invest with me. I knew I could take my wealth growing to a much higher level by just continuing to do big deals. And so it was the first time that I decided, okay, I'm actually going to start syndicating bigger deals. I've worked with investors for 20 years, I've managed all these properties all this time. It just was kind of a natural thing for me to go into syndication, so I really didn't have any fear about it. It was really more taking time to figure out what's the best structure that I'm going to use for building multifamily syndications? Do I want to go solo? Do I want to partner with other people? Do I want to do joint ventures with a lot of different groups? So it took me some time to kind of figure that out with trial and error to see what my business model was going to be.   Michael: Okay. And now you've you've landed that multifamily syndications with multiple partners is is the way to go.   Anna: Yes. And for everybody, it's a little bit different, right. So some people are consummate entrepreneurs and the idea that multifamily syndications is passive is is a misnomer. That's not true. If you're really going to go into multifamily syndications, there's a lot of work you're you're just switching careers, right, you're going from whatever your W2 was to now I have a career of building a business, and being an entrepreneur with very large apartment buildings.   For me, because I worked 70 to 80 hours a week for over a decade, in order to create financial freedom. Once I created financial freedom, and I knew all the sacrifices I made all those years, I said I want to grow, but not just the set for the sake of being a serial entrepreneur growing some big wealthy company, my time was more valuable, valuable to me than additional money. So I decided very strategically that I'm going to grow my business really strategically, from nine to three every day. And the moment my kids come through the door, I'm not working.   So however many deals and how whatever model I need to figure out how can I continue to scale, but do it five, four to five days a week, nine to three, that's what I'm going to do. And so what I've decided for me, because my time left with my kids is so important. I have eight years before my baby's out of the house, I've decided to really joint venture with a couple of other really strong operators, I co asset, manage our deals, but I'm not responsible for everything. Like in the beginning with our own properties, we did everything.   Now I get to focus on what I'm really good at working with investors and asset management. And so I co-GP with a couple of other really good operators. Rather than starting my own company, where I'm hiring a director of acquisitions and hiring a marketing person and investor relations. I just don't want to grow the huge corporate company, because my time is so valuable to me.   Michael: Yeah. And I think that's really kind of reflected in your company's name. Right?   Anna: Yes. Greater Purpose Capital. Yeah, love it. And part of that, too. I'll just touch on that for just a second, if you don't mind, just because you just brought that up.   Michael: Yeah.   Anna: I grew up in Section Eight apartments, right. So Section Eight housing, I had nobody in my family with wealth or that knew anything about money. And I still have family that are in Section Eight housing. I have tenants that are in Section Eight housing. And so one of my big why's what I realized is once my once I was retired, right, I no longer say I'm retire, but I'm financially free, right and doing what I love with real estate. I knew that I wanted to make a bigger impact with what I do.   So part of that is really helping and educating other investors that want to invest passively how they can grow their wealth with passive wealth through syndications. But the bigger piece is that I really want to impact our residents while we're growing wealth. So if I can teach our residents financial principles and teach them financial literacy, so that they can move out of my apartments one day and become financially independent and grow and also give them hope that you can grow up in poverty and you can still change the trajectory of your future by making wise financial decisions. That's like a huge part of my why now so I spend a lot of my time working on materials to impact my residents.   Michael: Okay, that's so amazing. Anna, thank you for the work that you do, because I couldn't agree more that education is really the key key component here that's definitely lacking, I think, throughout our education system.   Anna: Absolutely. And even through, you know, look at me, I mean, I got my degree. And I was at Bank of America and a private bank, going through a multi year financial advisory training, and I still didn't even learn how to budget my own checkbook, and and develop the wealth. We can tell lots of people how to grow wealth once you have it. But there's very little financial education to show people, what are different ways you can actually truly create wealth. And really, there's no greater way than rental property, real estate.   Michael: That's so good. You're also quite humble and that you have not mentioned that you are an Amazon Best Seller as an author. I would love if you could share a little bit about your book with our listeners.   Anna: Sure. Thank you so much. So I have been actually in four books that are a compilation of authors like Chicken Soup for the Soul. One of them I'm really proud of is called The Only Woman in the room. And it's a bunch of women, real estate investors who in oftentimes, where we're going, we speak at these conferences, we speak if at the events and we're the only woman in the room, we're the only woman on stage. So it's really an inspirational book, I would encourage your listeners to get especially if you're a woman, or if you're married to someone that's a woman that really wants to be involved in real estate. It's highly motivational.   And then the last book that I did is actually called Bringing Value and Leaving a Legacy and Finding Solutions. And so it's all about that, that look, building your business for the purpose of leaving a legacy and creating a greater impact on the world with what you're doing.   Michael: I love that. And those are available on Amazon. Is there another website where folks can check them out?   Anna: Yes, you can find them on my website at REI mom calm.   Michael: Reimom.com. I love it. I love it.   Anna: Thank you.   Michael: And and Greater Purpose Capital is that have its own specific website as well.   Anna: It does. So Greaterpurposecapital.com is where you can find syndications, if you want to invest passively if you're an accredited investor, and apartment deals where we really go into make a meaningful impact on the lives of our residents.   Michael: So good, so good. And I want to spend just the last couple of minutes here picking your brain around why you think multifamily is such a powerful asset class as compared to single family or small multifamily?   Anna: Sure. You know, I think the biggest thing with multifamily is it's really shown resilience over many different market cycles for investors, whether you're looking to grow wealth, whether you're looking to create income, or whether you're looking for a safe place to park your money. While we can't say investments are safe per se, multifamily has often been a preservation of capital play during really rough times uncertain times, kind of like today, right. And so it's why a lot of institutional investors come in and swoop up and pay top dollar for multifamily apartments because they're very resilient to economic downturns.   So, you know, while they provide amazing tax benefits on top of income and growth, they typically don't lose value, because there's ways for us to force appreciation. So even if the market softens a little in terms of what they'll pay for every dollar of income. If there's inflation, I can usually raise rents, right. And so they're assets that will continue to go up in value during times like this of inflation, where my rents will continue to go up in value. And even if I can't sell it, because it's come down in value a little bit, I can usually live on that cash flow for quite some time. And the cash flow isn't tremendously impacted during downturns.   So for me, it's that it's that really recession resilient investment, as long as you're buying the right type of multifamily in the right markets, right. So if they're not all the same, just like single family house, and the million dollar range is not the same as a single family house in the $50,000 range. You've got to be making sure that you're in markets that are really resilient with population growth and job growth and wage growth and job diversity and low crimes and great schools.   So if you invest in those kind of really strong markets, you'll make significantly more money in multifamily than you will in single family and it's not transactional, you don't have to just buy and sell and buy and sell and buy and sell. You can buy one four unit building or 1 20 unit building or 100 unit building. And you can make a lot of money on it for a really long time and bank on that income for 510 20 years rather than having to you know flip and repurchase over and over and over again.   Michael: That's great. That's great. I think so many of our listeners are mostly single family investors some small multifamily and then some some mid sized to large multifamily. What are some Some tips, tricks, tidbits of advice you can give folks who are thinking about getting into multifamily, where they can hopefully avoid some of the stumbling blocks that you've maybe encountered or you've seen others encounter?   Anna: Absolutely, it's such a good question, you know, I would say first is start small and start where you are. So if you're in a market that has properties that you can afford that are profitable, start there, right? If you're not, then look for a market where you really have some, some alignment with some other investor that's in that market that knows it really, really well. So don't try to go into a whole new market on your own by yourself, if you don't have experience with larger multifamily, buy a small property and learn on a small scale. Because while there's a lot of and I speak at some of these events, right, so I'm not knocking it, but there's a lot of events and there's a lot of books that say go straight to syndication, right.   And the reality is, there's a lot of people that want to go straight to syndication, and now they're taking on millions of dollars of investor money, with very little experience. And when we have economic downturns like the Great Recession, like the pandemic, like where we are now, you better have made a whole lot of mistakes that made you really wise on the small mistakes that will keep you from losing your shirt and your investors millions of dollars, during times of uncertainty. So starting small gives us wisdom, it lets us fail small, so that we can fail up into the next thing and the next thing. So don't feel like if you're not ready or you don't feel that you have the competence or the scale or the money to jump straight into syndication, that you're doing yourself a disservice by starting small, starting small can actually be the wisest, safest way for you to do it.   And if you own the property yourself, 100% you can depend on that income for a much longer period of time than you can in a syndication.   Michael: That's so, so good. I once heard the phrase, I never trust anyone without a limp. And similar to what you're saying, if you've never done it before, you don't have the experience or the wisdom to fall back on when things go south.   Anna: Absolutely. And things can go south pretty quickly. You know, there's a lot to learn. So don't go it alone. That's the other thing is we started alone and because I did everything myself and I didn't even have a network of other people to bounce things off of. I made a lot of mistakes. You know, that took me a lot longer. So buy your own properties are buy with a partner but but listen to podcasts, you know, list, fill your mind with information, so that you can learn things without having to learn it by making the mistake.   Michael: Yeah. Oh, that's so good. That's so good. Anna this was so wonderful is the best way for people to learn more about you to get in touch with you via the websites that you mentioned previously.   Anna: Absolutely. You can also follow me on social on Facebook, LinkedIn and Instagram. I'm Anna “ReiMom” Kelley.   Michael: Awesome. Fantastic. Well, thank you again for hanging out with me. This has been so wonderful. We'll definitely be in touch soon. I can't wait to see where you head next.   Anna: Thank you so much. It's been my pleasure. Take care.   Michael: Alrighty, everybody that was our episode a big big big thank you to Anna for coming on the show. I learned a ton. We are definitely gonna be having her back on to talk more in depth about syndication, so keep an eye and ear peeled for that episode down the road. As always, if you liked the episode, feel free to leave us a rating or review wherever you listen your podcasts. We look forward to seeing on the next one. Happy investing

The Clever Girls Know Podcast
217: How Brooke Went From A Negative Net Worth To Travelling The World

The Clever Girls Know Podcast

Play Episode Listen Later Dec 7, 2021 41:11


Meet Brooke Tomasetti. She's used personal finance knowledge, investing, remote work, and real estate to build the life of her dreams. She's had several big accomplishments including paying off $15,000 of student loans in just 18 months, building a six-figure net worth in 4 years, and selling her real estate investment for a $75,000 profit. * How she was able to pay her $15,000 of student loan debt in 18 months while earning under $45,000 per year before taxes. * How she increased her net worth to over six figures in less than four years. * Details about how she purchased her real estate investment, how she managed the cash flow for the property, and what she did with her $75k profits from the sale. * How she's pursuing what she calls a “mini-retirement” AND MUCH MORE. WHERE TO FIND BROOKE: On Instagram: @moneylifementor On her website: www.moneylifementor.com ❤ Get the best-selling Clever Girl Finance Books: https://clevergirlfinance.com/books ❤ Get access to 30+ free courses, worksheets, savings challenges, and our favorite banking resources: https://clevergirlfinance.com/course-packages ❤ Read the Clever Girl Finance Blog: https://clevergirlfinance.com/blog ❤ Follow us on Instagram: http://instagram.com/clevergirlfinance

Millionaires Unveiled
215: Net Worth of 1.1M - Bitcoin Ponzi Scheme, 200K Profit

Millionaires Unveiled

Play Episode Listen Later Dec 6, 2021 52:02


Derek has a net worth of $1.1 Million. Of the 1.1M 95% is invested in equities between mutual funds and single stocks. He works as an officer in the Navy and has moved around numerous times during his professional career. Derek talks about investing in retirement accounts, including the government sponsored thrift savings plan, deciding when to buy a primary residence, and how he made the switch from investing in single stocks to mutual funds. Derek also shares advice on what to do when holding too much cash. 

Learn Real Estate Investing | Lifestyles Unlimited
(December 4, 2021) Couple Increases Their Net Worth 1,000% In 7 Years With Single Family and Multifamily Real Estate Investments!

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later Dec 4, 2021 41:44


Shae and Zach relocated 7 times in 10 years for work and were tired of being told where they needed to live. Learning about Lifestyles Unlimited, they tell David Ruzicka how they sold their dream home and liquidated everything they could think of to invest in residential real estate, reaching financial freedom faster than they had imagined with 15 Single Family rental houses and 10 Multifamily apartment communities. Click to Listen Now

BiggerPockets Money Podcast
253: 7-Figure Net Worth on a Middle-Class Salary w/ Adam Zaleski

BiggerPockets Money Podcast

Play Episode Listen Later Nov 29, 2021 83:58


On the last day of a semester in college, Adam Zaleski's geology professor dropped a bomb on his class: the professor was worth a staggering $10,000,000! The reason for telling the students about his net worth wasn't to impress but to make the case that exponential growth is more likely than most people think. This taught Adam that he needed to choose a profession he enjoyed so he could continue to work, invest, and grow his wealth exponentially, just like his professor. Adam did just that, and now, he's a millionaire professor, working a casual thirty hours per week, doing what he loves! Adam knew from the beginning it was more important to make long-lasting, intelligent financial decisions, instead of chasing after a bigger salary. He did this right out of college, taking a serious pay cut to live in a state with far cheaper housing, allowing him to house hack, build wealth, and reach financial freedom.Now, Adam is looking to expand his real estate empire a little further, without having to sacrifice a large amount of time to do so. If you're interested in partnering up with Adam or looking to chat about long-distance real estate investing, market analysis, or the best surf spots in Kauai, shoot Adam a message on BiggerPockets!In This Episode We CoverWhy lifestyle choices are important when choosing your job, house, and investments Understanding the value that comes with exponential wealth growth House hacking and analyzing real estate markets with the most growth opportunity Buying rentals in places you love, so you can write off the trip!Scheduling your rent raises so you keep up with market cash flow The most important financial lessons of your 20s, 30s, and 40sAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.