Today's guest is Alan Siebenaler. Alan has flipped over 250 units, homes, apartment buildings, and condos. He has made SINGLE transaction profits of over $1m, and has bought and sold in 9 different states. His projects have been featured on HGTV. Show summary: In this episode, Alan talks about repositioning industrial properties into flex spaces, flipping homes, and exploring opportunities in the boutique hotel model. He also shares his current projects, including a luxury flip with ocean views. The conversation also covers the potential of converting office spaces into storage units and the shift towards experience-based retail. Alan emphasizes the importance of adapting to changing market trends and meeting the evolving needs of end users in the real estate industry. -------------------------------------------------------------- Intro (00:00:34) Alan Seaborn's Real Estate Background (00:01:03) Alan Seaborn's Current Projects and Strategies (00:03:28) The Industrial Property Trend (00:10:29) Economies of Scale in Commercial Properties (00:12:39) The Shift in Retail Experience (00:16:35) Converting Office Space into Storage (00:21:27) The Future of Office Space (00:21:55) Conclusion and Contact Information (00:22:34) -------------------------------------------------------------- Connect with Alan: YouTube: www.youtube.com/alsiebs Instagram: @alansiebs Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → firstname.lastname@example.org SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Alan Siebenaler (00:00:00) - But let's say you take an industrial property, just a large, maybe warehouse or something like that, and you divide it up. So you take 10,000ft² and you change it into five 2000 square foot spaces. You give each space their own roll up door, high ceilings, maybe a little bit of office space, but mostly what we'd call flex industrial. So high ceilings and a little bit of office, and then the amount of clients you can attract to that type of space right now is huge. Welcome to the how. Intro (00:00:34) - To scale commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:46) - Alan Seaborn has flipped over 250 units, homes, apartments, buildings and condos. He had made single transaction profits of over $1 million and has bought and sold in nine different states. His projects have also been featured on HGTV. Alan, welcome to the show. Alan Siebenaler (00:01:03) - Thanks for having me. Sam Wilson (00:01:04) - Absolutely. The pleasure is mine. Alan. Sam Wilson (00:01:06) - There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there? Alan Siebenaler (00:01:14) - Where did I start? So I started with the desire to have some financial control over my future. I got a hold of the book Rich Dad, Poor Dad. This was over 23 years ago and I decided to start in real estate, and I got my real estate license and started in commercial real estate because I wanted to learn from real estate investors. So those were my clients. I was helping them buy and reposition retail centers, office buildings, industrial complexes, apartment buildings, and I just learned a ton. I didn't make a lot of money starting out as a commercial real estate agent, but I the the wealth was in the knowledge that I picked up. Um, what was the second question? Sam Wilson (00:01:57) - Where are you now? Alan Siebenaler (00:01:58) - Where am I now? So now I am 23 years down that journey. I started personally as an investor with one fixer condo, and we moved into it and fix it up. Alan Siebenaler (00:02:11) - While living in it, my wife and I and somehow survived that and then moved out of it, rented it out, and then just kept moving forward. Eventually bought a four unit, fixed it up, rented it out, then started doing some 1031 exchanges up into larger properties and then into apartment buildings. And then during the Great Recession in 2009, commercial deals stopped. So I started raising capital and then flipping homes. We were buying them on the courthouse steps in Los Angeles, and we started buying these homes off of banks, repositioning them and selling them retail to like first time home buyers. And so now I have moved up in that portfolio. I've actually, ironically, sold most off. Fortunately, I sold my largest multifamily last February, which I think was kind of at the peak of the multifamily market, and I'm repositioning to re-enter the market. We actually just bought our first construction project. It is a bit of a flip. It's a multimillion dollar flip, and now we're going to be repositioning ourself back into the market, kind of taking advantage of a lot of the buyers sitting on the sidelines and having less competition. Alan Siebenaler (00:03:28) - So we are actively looking right now. Sam Wilson (00:03:32) - Is that the actively looking right now that's back into the multifamily space. Alan Siebenaler (00:03:38) - Uh, that's a good question. It depends. I now I'm only I'm in California based out of Santa Barbara, California, and I'm not going to go long distance unless I have a multifamily. First of all, that's large enough. Meaning? Well, north of 100 units, be able to have a really good management company and a full time presence on the property. And also I'd want it in an A location but with value add, right. So that I can get really good demographics of tenants by adding value to the property, repositioning and improving it, then I might go out of state. In terms of in our area, we're on the coast, so prices are really high. But I really like the model of repositioning industrial space into flex space and breaking it up into smaller spaces, which we can talk about when we talk about industrial and flex. But I'm looking for that. I also like the boutique hotel model. Alan Siebenaler (00:04:34) - I've done a lot of short term rentals, Airbnbs, furnished corporate rentals in our apartment buildings over the past 15 years, and so transitioning that into a hospitality model like boutique hotels in wine country, looking up and down the coast here in wine country. So that's kind of fun. Sam Wilson (00:04:54) - Absolutely. How do you decide? I mean, there's there's you've done so much. You've seen so many aspects of this business. How do you decide what it is that you're going to focus on for the foreseeable future? Alan Siebenaler (00:05:06) - Man. That's a good question. I'll do my best to answer it. One is based on the team of support I have around me. Real estate's a team sport, so there's no way I can pull off what we do on my own. So I have to have the right team. And that's everyone from. It could be my my investors that I have on board. It could be the contractor and renovation team because typically we're doing value add. You know, we're not just buying something that's already completely turned around. Alan Siebenaler (00:05:39) - So I have to have the right team in position in that area to know and have confidence. And we can build a team fairly quickly. But my team here, my home base, you know, we can only go so far and then we're out of range. And then I'd have to build a whole new team. So a lot of it will depend on that and of course on the opportunity. Sometimes when you find the right opportunity, you can quickly build a team around it. But that's high, higher risk. Because when you're using a new team that that's not seasoned, a lot more things can go wrong. And typically you'll have turnover and you'll have to get to the point where you actually have a good team, if that makes sense. Sam Wilson (00:06:21) - It does indeed. Yeah. No, I appreciate appreciate your insights there on that front. So just to clarify, I mean, you've done a lot of different things over the years. You've got a high end construction. You said a project flip I think you mentioned that. Sam Wilson (00:06:34) - Yeah, they're in the things you're working on right now as well. What type of a project is that? Yeah. Alan Siebenaler (00:06:40) - Right now it's really a fun project. We are working on basically a luxury flip. It's full ocean view, 180 degree view of the ocean and city. It overlooks the city of Santa Barbara Harbor views. You can see the sailboats going in and out, and we purchased it for 2.5 million, and we're putting about 400,000 into it. And we're repositioning it into like a modern beach feel. When I say modern and beach, those two terms kind of clash. But so it's not modern modern. It's like a modern beach. So wide plank floors, lots of whites and woods and and we're creating this feel to it that'll just modernize the property. And with that view, we can afford a lot of upside if the project's done right. Sam Wilson (00:07:34) - Yeah. No. Absolutely. How do you go? I mean, I'm just really curious, you know, when you when you say luxury ocean flip, I'm thinking like, okay, 2.9 million. Sam Wilson (00:07:43) - Why would it seems like that seller could just sell it open market as opposed to selling it probably to somebody that's looking to renovate it and flip it? I mean. Alan Siebenaler (00:07:51) - Yeah, it was a motivated seller. It was, you know, it's what you're looking for is a motivated seller. It was a divorce and the property had been neglected for years. And so the inside of it looked like it was dated 1980s. The outside is like 1970s stucco. So we're just modernizing everything, the stucco, we're turning it into a smooth plaster. We're adding a bunch of custom features to the property. You know, everything cosmetically is changing on the property. And then we're doing some value add where we're making because it's up high with the view, there's not as much flat yards. So we're adding a retaining wall and adding some more yard space, which is huge to have yard space with an ocean view. So there's just certain things we're doing that they would have never done because they were divorced. And you know, unfortunately fighting. Alan Siebenaler (00:08:42) - And so we were able to come in and solve those problems and reposition it for a higher end buyer to come in and say, that's my home. I want to live the rest of my days in and purchase it at a, you know, at what would be a good return for us, right? Sam Wilson (00:08:58) - No. That's awesome. I love that I don't know where you live currently or what your house looks like, but when you see projects like that with, what do you say, 180 degree ocean views, is it tough not to be like, man, I should just move in here instead? Alan Siebenaler (00:09:11) - Yeah, I think about that every day. I'm thinking, how do I keep this property? You know, maybe one of the exit strategies as well is that we'd keep it and we'd rent it out as a what you call mid term rental. So 30 days or more. Because in that area, like a lot of areas right now you can't do short term rentals but you can do mid term. So I could have someone come down from Canada or you know Memphis. Alan Siebenaler (00:09:37) - And then in the wintertime you're going to come out here and get some sunshine and look at the ocean all day. You might rent it for a month or three months, and we can get a really good rental rate from that. And so that that is another exit strategy, is just to hold it and rent it in mid term furnished. Right. Sam Wilson (00:09:53) - Oh that's cool I love it. Those got to be kind of fun projects there to work on, which is not necessarily, you know the the standard. Just basic flip. It is something where you get to use your creative skills and actually see a fun project come, come full circle. That's awesome. Let's talk a little bit about so. So that's the construction project flip you mentioned right there. You said something about industrial to flex. Yes. What? I don't even know what that means. Can you break that? Alan Siebenaler (00:10:22) - Yeah, that's that's a really exciting strategy. You've seen it I know you've seen it. It's it's happening across the country right now. Alan Siebenaler (00:10:29) - But let's say you take an industrial property just a large maybe warehouse or something like that, and you divide it up. So you take, you know, I'll just use the analogy of 10,000ft² and you change it into five, 2000 square foot spaces. You give each space their own roll up door, high ceilings, maybe a little bit of office space, but mostly what we'd call flex industrial. So high ceilings and a little bit of office, and then the amount of clients you can attract to that type of space right now is huge. You have everything from CrossFit gyms to every contractor. You could think of plumbers, wood floors, you know, tile, Hvac to, you know, I'm even seeing wine bars going in our area. You know, we live in a little bit of wine country and you have wine bars going into these industrial spaces and, you know, setting up a tasting area and, and breweries going in. And, you know, so we're seeing all this kind of just intersection between retail and industrial happening. Alan Siebenaler (00:11:41) - And just for that cool sort of feel of high ceilings and a roll up door, you can do a lot with that. And that's a very popular trend right now that I'm pretty excited about. Sam Wilson (00:11:51) - Oh yeah. No, I can I can certainly see the appeal because they're so like you said, there's so many different uses for it that it's even even for some of the stuff that we're doing. I'm like, gosh, you know, that'd be that'd be fantastic. If you know your little 2 or 4000 square foot, I mean, that that would just you can serve a lot of customers that way, each in their own, I think, unique way. And they're probably not limited in from a zoning perspective. I mean, you're probably not fighting the I mean, if it's if it's zoned industrial and they're putting a wine tasting bar in like. Who actually cares? Alan Siebenaler (00:12:25) - Yeah, yeah, usually you're okay, but you have to work with the government. But the most exciting part about it for the investor is that when you're dividing up that space, you're now going to a much higher price per square foot because of economies of scale. Alan Siebenaler (00:12:39) - Right? Because now you're not leasing a 10,000 square foot space, now you're leasing five 2000 square foot spaces. So you can imagine what that does to your income on the property at the end of the day, not costs you something. I mean, we looked at one just yesterday where we realized that if we did this on this property, we divided it up. We estimated, let's say it cost us 300,000 to do it. You know, just because it needed the ceiling's blown out. It needed a lot of stuff. But let's say it cost us 300,000 to divide up this industrial property. We ran the numbers on what the new rent would be. And because these commercial properties, the value is determined by the rent and by the leases that back them, we ran a cap rate analysis and figured out that that property would go up in value by $1 million. So spending 300 to go up by buy a million, we're like, man, that's a that's a green light, right? That's a good one. Alan Siebenaler (00:13:36) - And so that's where it gets really exciting. Is that much more than residential residential. You can improve and you kind of have to fight with the price per square foot and compare it to other residential properties where commercial you can improve. And if your income goes up, the value goes up accordingly. So it's that's a pretty exciting strategy to use. Sam Wilson (00:13:56) - Absolutely. No, I think that's really, really cool. Is there are there certain types of assets or certain, I guess, profiles of buildings that people should be looking out for, or even locations in general that people should be looking out for to say, hey, these would be the types of assets that this could work in or that strategy could work in. Alan Siebenaler (00:14:16) - Yeah. Good question. I think, you know, you have to put on your hat of what would it be like to be the end user of this property. Right. So if I'm the investor, I'm thinking if I'm going to divide this up, who are my end users? And we just went through some of them. Alan Siebenaler (00:14:34) - My end user is a contractor. So what's important to a contractor? Well, they want probably as big of a rollup door as possible that I can get away with in my current zoning. They probably want ceilings as high as possible. They want some storage area. They they might want some power. If I can upgrade the power, that would be great. Um, you know, and then they might want a little bit of office space to be able to go in there and close the door, or have someone go in there and do the books and close the door. So just thinking through, what would your end user want? And some end users won't want any office space if it's going to be, you know, the CrossFit gym or the wine bar sort of space, they might just want as big and open as possible. So just thinking about what an end user want and maybe giving them a few options. Sam Wilson (00:15:25) - I like that. No, that's absolutely great. Let's talk about some other opportunities that are out there right now. Sam Wilson (00:15:30) - What are you seeing in maybe the retail. And then if you can talk and touch on the much probably looked down upon office space right now. Alan Siebenaler (00:15:41) - Yeah. Yes. I'd love to talk about both of those. So retail right now, even if you just look back, maybe the past 1015 years, it's been really interesting to watch. Somewhat painful as the Amazons and the, the online businesses came in. And then you saw all these smaller stores just go out of business, and it's been a little bit painful to watch. But what's been exciting is some of the new life that's coming in, especially over the past few years in that retail experience has shifted to become more of an experience based business than just buying a widget. Like if you want to buy a widget, your Radio Shack type of widgets, you're going to just click a button on your phone and that widgets going to show up in right 1 or 2 days, right? But if you want an experience, you want to go and have a drink or you want to go in for kids, it's the Build-A-Bear thing. Alan Siebenaler (00:16:35) - Or you know, you want to build a toy, your kid wants to build a toy, or you want to throw an axe. You know, axe throwing is is a new chain that's spreading across the country. Any of those sort of retail experiences, wine tasting, brewery, all of those are bringing in new life into retail. But it's also changing. You know, it's hard to take what was a RadioShack, which were just but ugly on the inside and make it look really, you know, for an experience. We wanted to have a certain feel right now would be more typical to have higher ceilings and beams and lots of window or natural light or whatever. And so there is a bit of a painful transition going on, but there's a lot of excitement there as well for the just the experience based retail, I think. Sam Wilson (00:17:24) - Experience based retail and then also the I mean, the type of retail that we're seeing, not go places, is like even down to I'm just thinking in here in Memphis, the, you know, ice cream, like ice cream stores or barber shops or there's still a lot of things, I think in retail where there's opportunity on the smaller retail side that is, I think still a compelling, still a compelling asset to, to, to invest in just because again, it's not it can't be Amazon. Sam Wilson (00:17:55) - It can't be shipped. It can't necessarily be DoorDash. It's something where you got to actually go and and again, that's experience base the ice cream shop, the you know, the barber shop, the liquor store, whatever it is, it's all still experience based retail but just a little bit different. Alan Siebenaler (00:18:09) - Even you reminded me of another one. Have you seen the ones where they'll take a space? Let's say it's 3000ft² and no one's leasing it, and then they'll have three concepts come in and lease that space together. And one will be like a coffee shop concept, and another will be like empanadas or Latin food, and then something else will be over here, maybe knickknacks or touristy items or whatever, and all three of them will share the space. And that. That's been kind of cool too. Sam Wilson (00:18:36) - Yes, yes, I have seen that. And I like I like that as well, because it's kind of like that, that indoor outdoor shopping, whatever experience it can be, you know, depending on the space is laid out. Sam Wilson (00:18:45) - But yeah, I've seen that as well. And that's really cool. Talk to me then, if you can, about opportunity if there is any in office. Alan Siebenaler (00:18:54) - Office. Yeah. Office is kind of the elephant in the room right now isn't it. My gosh, who would have predicted who would have predicted that no one wants to go to office anymore and they can kind of get away with it. So yeah, it's our post-Covid world is that we have office spaces. Sitting vacant all across the country, and I've got one right now. I'm trying to help a client get leased because they consolidated their offices, and so they're subleasing this space. And I've had like two showings in six months. I mean, it's just we just keep reducing the price. And so office there is always an opportunity in the crisis. Right. So office opportunity is to be repositioned into probably residential. But that's not an easy thing to do. These buildings were built for office, not for every unit to have its own, you know, bathroom and kitchen. Alan Siebenaler (00:19:54) - And and then you got the zoning challenges and just all kinds of challenges. And so they're really trying to figure that out. It is something that I have my eye on and I don't think anybody's figured it out. But but there is opportunity there. It's kind of like just brainstorming on what that could be. And are there places that could be converted into residential in a way that wouldn't be cost prohibitive? You know, I saw a school recently that was converted to residential, so that was interesting. But yeah, I mean, there's ways to do it for sure, especially if the numbers can make sense. But there's a lot of challenges too. Sam Wilson (00:20:38) - There are a lot of challenges, man. And that's I think that's it. Like you said, it just it's kind of a in its own right, a TBD in the right locations. I know I'm a passive investor in, in office. What is it. Office to office to storage conversion. Yes. And it's going really well like yeah they're they're ahead of projections across the board. Sam Wilson (00:21:01) - But again it has to be in the right spot. Like you can't just do office to storage everywhere. There's because one we don't need that much storage I don't think Americans and their stuff but I don't think we need that much storage. And then secondly, just need to be in the right spot. So, you know, but that's that's a much easier lift, I think putting up partitions and roll up doors versus, like you said, running plumbing for every residential unit inside a building like that. Yeah, I. Alan Siebenaler (00:21:27) - Like that one. I like Office of Storage because you're just like you said, you're not putting in a kitchen in a bathroom. So if you're converting office into storage, you're really just building out the framework for walls and doors and, you know, electrical and but that could work really well of course. Yeah. Based on is the demand in that area enough to support it because you will have some fairly significant construction costs. But that's a cool one. Yeah. Sam Wilson (00:21:54) - Yeah, yeah. Sam Wilson (00:21:55) - No, it absolutely is. I'm excited about that project from a personal standpoint. But again, you know, it's I think it is just an interesting time to be looking at office and going, okay, what where does this go in the end. So this has been fascinating. Thank you, Allen, for taking the time to come on the show today and really talk to us about a lot of different asset classes, things that you're both seeing personally and that you have also invested in and done your your resume, if I'll call it that, of things that you've done in the real estate space is fascinating and certainly been insightful to have you on the show today. So thank you for taking the time to come on and share this. If our listeners want to get in touch with you and learn more about you, what is the best way to do that? Alan Siebenaler (00:22:34) - Yeah, I'm on YouTube at youtube.com. So it's a l s like Sam I e b like boy, s like Sam. That's a best place to find me. Sam Wilson (00:22:48) - Awesome. YouTube.com al Allen, thank you again for your time today. I certainly appreciate. Alan Siebenaler (00:22:53) - It. Thanks for having me. Sam Wilson (00:22:55) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
We are continuing our holiday mil spouse business spotlight today with Ashlee who wears all the hats at Woman and Warrior Co which is a mil spouse clothing line.Ashlee shares their very non traditional path to active duty. Her husband actually spent 12 years in the coast guard reserves before going active duty Army. She shares the ups and downs of that transition and how they are coping today with that decision. We really go into a deep dive of starting and having to pause a home business because of military life. Ashlee shares how that “pause” actually turned out to be really beneficial in her business. But that those road blocks or hiccups can feel really big and insurmountable at the time. I ask Ashlee to share with us what resources she tapped into to learn how to start and grow a shirt business. Watching and being part of her husbands small business, and sitting in on meetings and being privy to the internal going's on was a HUGE insight. She also really dove into books. They can be our greatest teachers! Even if we are living in an isolated space, we can read and learn anywhere!Some of the books Ashlee recommends are:-Rich Dad, Poor Dad by Robert Kyosaki-Total Money Makeover by Dave Ramsey-The Power of Broke by Damon John-The Obstacle Is The Way by Ryan HolidayThe podcast The Goal Digger Podcast with Jenna Kutcher21 irrefutable laws of leadership by John C MaxwellStory Branding by Donald MillerAs entrepreneurs, your community, your village, is SO important. You cannot do it alone, and you don't have to! Find your people!Connect with Ashlee on IG @womanandwarriorcoCheck out her WEBSITE Support the showI so appreciate you listening to the show!If you wouldn't mind leaving a rating and review I would really appreciate it!!Check out The Ultimate Do It Yourself or DITY guide for FREE!Podcasting is a labor of love for sure! I would love your support! Subscribe to the show HERE! To get in touch with Alison with questions or potential topics or guests please email email@example.com Follow us on IG @themilspousepodcast And please check out our website! www.themilspousepodcast.com
Robert Kiyosaki, entrepreneur, businessman and author of the book "Rich Dad, Poor Dad," joins Seth for the full hour to talk about the current financial crisis and the insurmountable national debt of the United States. Public education in America is raising a generation of Communist adherents. Kiyosaki shares more on his background from his book. See omnystudio.com/listener for privacy information.
Permission to Kick Ass: Creatively Rebel Against the Old Business Rules without Selling Your Soul or Losing Your Mind by Angie Colee Permissiontokickass.com https://amzn.to/47E0qCl "I'm a creative person. I don't have a head for business..." "I want to be a full-time creator, but there's no money in it..." "Building a business is too complicated, I'll just stick with a side hustle..." If you've ever found yourself thinking any of the above, Permission to Kick Ass is for you. Angie invites you to set the idea of a "normal" business on fire in favor of creating your own path - no suits or TPS reports required. This book provides you with a step-by-step guide to escaping the job trap and building a creative business that works for you AND the life you want to live. You'll learn how to: Create a plan you can be proud of Get cash coming in quickly Rally your support troops Set boundaries like a boss Steel yourself on the down days And much more Pick up your copy of Permission to Kick Ass today and you could be in business next week! Here's what readers are saying: If you've wanted to start a business and felt too scared or started one and gotten stuck... this book is for you! Angie helps you understand what's going on when your mind pulls the brakes on big risks-and how to kick ass your way. Her hilarious stories provide a fresh look at real problems people entering business face, like how to leave your job and how to pay your bills while you grow your business. The practical tools she provides in the companion guide are everything you need to get started, from exercises to help you find clients to knowing what to charge, and even how to stay confident when things get tough. I just wish I'd had this book when I first started my business. It reads like a best friend's diary, and she says everything I worried about silently, but thought it was "just me." Permission to Kick Ass is the entrepreneur's battle cry for creative souls to control your life, money, and work. - Cindy Childress, Ph.D. The Expert's Ghostwriter(R) "Failure is an event. It's not your identity." This line is only one of a gazillion gems of the straight talk, no holds barred advice and experience Angie shares. You don't need anyone's permission to chart your own path, and Angie is your street-smart guide, complete with a few well-placed F-bombs to knock you out of your comfort zone and jolt you into action. If you're struggling to step into your greatness, pick up a copy of Angie's book and get both inspired and motivated to grab your own piece of this world. Lisa Christoffel, business and mindset coach for busy women leaders Biography Angie is a business mentor for rule breakers and rebels. She believes creativity is one of the most valuable assets on the planet, that business skills can be learned by anyone, and that people (NOT profits or processes) are the most important part of business. She specializes in helping founders, creators, and creative service providers find hidden revenue opportunities that don't take up a ton of time, resources, bandwidth, or cash. Her mission is to help you grow your business with more confidence and less stress... without becoming a completely different person or losing your edge. Angie has a Master's degree from Carnegie Mellon and has consulted with and run creative teams for Jeff Walker's Product Launch Formula (PLF), MasterClass, Lowe's, Copy Chief, Orzy Media, and Robert Kiyosaki's Rich Dad brand. When she's not writing or publishing new episodes of her podcast, Permission to Kick Ass, you'll find her on the road living as a full-time digital nomad with her cats, Stella and Ollie.
Episode 156: Rich Dad Top DadJoin the Top Dads as they dive into the intricacies of discussing money matters with their kids. From piggy banks to stock markets, your two favorite Dads share their personal journeys, triumphs, and challenges in imparting financial wisdom to the next generation.Thank you for listening and taking this journey with us. Please follow us on social media for great Top Dad tips, tricks, jokes, and hacks. TopDadpod.comWant to help the show?The best way to help the Top Dad podcast is to share our podcasting gold with your friends and family or consider leaving a five-star review on Apple Podcasts and following us on Spotify.Listen to Top Dad for free wherever you listen to podcasts or go to TopDadpod.com for all our socials and contact information. #DadLife #ParentingPodcast #Fatherhood #DadsTalk #ParentingTips #ModernDads #DadChat #DadsSupportingDads #ParentingJourney #DadPodcast #ParentingAdvice #DadTalk #RealDads #ParentingTogether #DadHacks #FamilyMan #DadStories #DadWisdom #ParentingSkills #DadCommunity
Robert Kiyosaki famously put in his book Rich Dad, Poor Dad that your home is a liability, not an asset. He did a great service for those families that struggle with consumption and not saving for retirement, he woke them up. The financially savvy though know better - in a world where fiat currency inflation is the rule, owning the hard asset that you live in is vital to long term wealth. I discuss this and many other aspects of home ownership with my close friend and CEO of Paradigm Life, Patrick Donohoe. Highlights Importance of having abundant liquidity and taking financial precautions Lessons learned from investment failures and real estate ventures How property value can influence financial decision-making The significance of primary residence in personal identity and wealth growth Brief on the real estate series discussion and offer of assistance for clients Varied opinions about renting and owning properties, and their potential impact on people's decision-making Lessons learned from the earlier story about the importance of understanding the exchange principle in property management Consideration of family life and its influence on property decisions Evaluation of the potential wealth growth from buying and owning properties over time Potential advantages of home ownership, including long-term asset appreciation and tax benefits Advantages of investing in property over buying gold due to inherent income-generating potential in property investment Different perspectives and philosophies towards cash flow, property ownership, mortgage terms, and the prime focus on the importance of comprehensive mathematical evaluation behind every financial decision Analysis of the concept of equity and how it fits into property ownership, which discusses the benefits and limitations Different ways to realize home equity, covering risk factors that may come with it Assertion that the real value of a home is what someone is willing to pay for it rather than its listed value which could change overnight Perpetual wealth strategy and how it applies to home ownership The importance of having cash reserves before investing in a property to maintain control and prepare for unexpected expenses How emergency expenses can disrupt cash flow and the importance of having a contingency plan Strategy to optimize wealth with minimized risks How the idea that 'perfect' decisions do not exist, and reality is unpredictable thus decisions should be made considering all variables and potential future scenarios Links and Resources from this Episode Connect with Gary Pinkerton https://www.paradigmlife.net/ firstname.lastname@example.org https://garypinkerton.com/ Connect with Patrick Donohoe https://clientportal.paradigmlife.net/ https://paradigmlife.net/about/patrick-donohoe/ email@example.com Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Audible Subscribe with Listen Notes Subscribe with RSS
Martin Mei is a real estate investor with a natural instinct for spotting opportunities and the courage to take them. He began his journey in Montreal, turning a derelict duplex into a profitable investment in 2019. Originally planning to buy a condo beyond their means, a colleague suggested reading the book Rich Dad, Poor Dad made him reconsider his options. He learned the value of having tenants cover the mortgage and purchased a rundown duplex instead. Despite the initial obstacles, he was determined to succeed. He optimized his duplex by converting living rooms into additional bedrooms and tackling challenges like dealing with difficult tenants head-on. His relentless drive led to discovering the New Brunswick market, where the cash flow potential was significantly higher. His journey in real estate investing was marked by continuous learning, adaptation, and a desire to provide value to his investors. I realized that instead of just living with tenants, I could have more separation and privacy by investing in bigger units with multiple units under one roof. This allowed me to have tenants cover the rent while I had my own space. - Martin Mei In this episode, you will be able to: Discover adaptable real estate investment strategies designed to thrive in any market climate. Leverage strategic partnerships and local teams to streamline your investment endeavours. Uncover why self-storage could be a scalable and recession-proof asset class to add to your portfolio. Explore the avenues to find profitable opportunities outside your local market. Gain insights from the impactful role of the book Rich Dad, Poor Dad in shaping effective real estate investing strategies. Get in touch Martin Mei https://meilyproperties.ca/ https://www.facebook.com/MeilyInvestmentGroup https://www.instagram.com/meilyinvestmentgroup/ https://www.linkedin.com/company/meily-investment-group/ https://www.youtube.com/@meilyinvestmentgroup This episode has been brought to you in part by Better Mortgage Select - https://bettermortgageselect.ca
Join us for an enlightening episode with Anthony Faso and Cameron Christiansen, the visionary founders of Infinite Wealth Consultants and dynamic hosts of the Infinite Wealth Podcast. Anthony's journey from a U.S. Army veteran to a former CPA with significant corporate experience, including a CFO role, and Cameron's entrepreneurial spirit, provide a unique blend of expertise. Inspired by Robert Kiyosaki's "Rich Dad, Poor Dad" principles, Anthony and Cameron guide their clients towards financial independence with a focus on financial wisdom, making sound investment choices, and securing assets that offer certainty, control, and collateral. In this episode, Anthony and Cameron delve deep into the world of Infinite Banking, shedding light on its key differentiators from traditional life insurance. They discuss the challenges and growth associated with this innovative financial approach, emphasizing the importance of investing based on facts rather than opinions. Explore the possibilities of using Infinite Banking as a retirement strategy and how leveraging whole life insurance policies can lead to long-term financial security. Our guests also reveal the benefits of maintaining multiple policies within the Infinite Banking framework and how this can contribute to building a trust for long-term wealth. Whether you're a seasoned investor or new to the world of finance, this episode is a must-listen for anyone seeking to gain a deeper understanding of financial strategies that can provide a stable and secure future. Don't miss this opportunity to learn from Anthony and Cameron as they share their invaluable insights in their signature style. Tune in now for a wealth of knowledge and practical advice on achieving financial independence! Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprint HIGHLIGHTS OF THE EPISODE 16:38 Anthony talks about infinite banking being more of a process 40:35 Cameron talks about the product used in this strategy being a specially designed whole life policy, which has been around for over 150 years KEEPING IT REAL: 03:36 Infinite Banking Strategy 05:00 Infinite Banking vs. Traditional Life Insurance 10:01 Exploring Infinite Banking 15:03 Challenges of Infinite Banking 20:01 The Growth of Infinite Banking 25:00 Investing with facts, not opinions 30:04 Infinite Banking for Retirement 35:01 Tap into mid-term rental insurance space 40:01 Maximizing Occupancy and Profitability with MTRR Insurance 45:00 Investing with Ruben and his team 50:00 Leveraging a Whole Life Insurance Policy 55:00 Investing in Infinite Banking 1:00:02 Benefits of having multiple policies 1:05:01 Building a trust for long-term wealth 1:10:02 Real Estate Investing Revolutionized by Podcasting 1:14:48 We are OUT! NOTABLE QUOTE (KEY LESSONS): 16:40 “ infinite banking is more of a process on how you use that product” - Anthony Faso CONNECT WITH THE GUEST Anthony Faso Linkedin: in/anthonyfaso Cameron Christiansen Linkedin: in/cameronlchristiansen Infinite Wealth Consultants Website: infinitewealthconsultants.com Instagram: @infinitewealthconsultants Facebook: /infinitewealthconsultants Youtube: /Infinite Wealth Consultants Get coached on how you can repurpose your existing home or investment property into an Airbnb with me: https://experimentrealestate.com/hospitable-hosts Guesty Unique Link: https://hosts.guesty.com/?=therealestateexperiment Get our international best-seller book, Hospitable Hosts: https://amzn.to/3e4LEhE: https://amzn.to/3e4LEhE #InfiniteBanking #FinancialWisdom #WealthBuilding #WholeLifeInsurance
หนังสือ Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom ของ Robert T. Kiyosaki - เมื่อพ่อรวยสอนลูกฉบับกระแสเงินสดสี่ด้าน ก็จึงเป็นสิ่งที่เราต้องมองกันใหม่หมดเลยว่า อาชีพของเราอยู่จุดใด - ฝั่งซ้ายจะหมายถึง เราต้องใช้เวลาส่วนตัวสร้างรายได้ ฝั่งขวาจะหมายถึง เราไม่จำเป็นต้องใช้เวลาส่วนตัวสร้างรายได้อีกต่อไป - โรงเรียนมักจะสอนให้เราเป็นลูกจ้างหรือพนักงาน รวมไปถึงจุดที่เราต้องทำงานด้วยตัวของเราเองคนเดียว ให้ฝึกที่จะให้คนอื่นทำงานแทนและให้เงินทำงานแทนด้วย - การที่เราจะให้เงินมันทำงานแทนเราได้นั้น เราก็จำเป็นจะต้องรู้ให้ชัดว่าอาชีพใดสามารถสร้างกระแสเงินสดระหว่างทาง เพราะคำว่าผู้ประกอบการกับนักลงทุนไม่ใช่เรื่องง่าย - ทั้งนี้ ทุกอาชีพมีคุณค่าและมีความหมายต่อระบบทุนนิยมทั้งหมดทั้งสิ้น แต่ผู้เขียนเน้นย้ำว่าเราควรมีรายได้จากสินทรัพย์เพื่อป้องกันความเสี่ยง รวมไปถึงมีอิสรภาพทางการเงินอย่างแท้จริง
Welcome to another episode of the REI Mastermind Network, where we bring you the latest insights and stories from the world of real estate investing. In today's episode, we have the pleasure of welcoming our guest, Felecia Froe, who has a wealth of knowledge and experience in raising funds for impactful projects. Felecia's journey began at a conference where she made a personal connection that would shape her future endeavors. As an investor, she understands the importance of building relationships face-to-face and leveraging her connections to introduce women investors to trustworthy opportunities. During our conversation, Felecia shares her passion for making a difference in the lives of many through her focus on areas like grocery stores, indoor controlled farming, and working closely with farmers. She emphasizes the significance of regenerative farming in improving soil quality and providing nutritious food, while also reducing carbon footprint and water issues. Felecia's mission is to bring fresh, locally grown produce to underserved communities, like the food desert area she encountered in Tulsa, Oklahoma. But it doesn't stop there. Felecia delves into the connection between food and health, sharing her personal experience of how eating better led to a decrease in her medication. She firmly believes that food is medicine and that access to healthy food can prevent and address many medical issues. Join us as we explore Felecia's invaluable insights into investing with a purpose, building meaningful projects and companies, and overcoming challenges to create positive change. Get ready for an episode that will inspire and motivate you to invest your capital and time into projects that truly matter. Let's dive in!Connect with Felicia Froe: https://moneywithmission.com/Key Topics and Bullets:Building Relationships and Investing in ProjectsContacted by someone met at a conference to help raise funds for a projectEmphasizes the importance of building relationships in personOffers experience and connections in investingCan introduce women investors to projects, sponsors, and trustworthy peopleAcknowledges the risks involved in investingFocuses on projects that make a big difference in many livesBringing Fresh Produce to the Midwest and Regenerative FarmingIdentifies grocery stores, indoor controlled farming, and working with farmers as areas to tacklePromotes regenerative farming to improve soil quality and provide nutritious foodAims to reduce carbon footprint and water issues while bringing fresh produce to the MidwestHighlights the benefits of locally grown food in terms of nutrition and reduced transportation distanceChallenges in Promoting Good Health and Overcoming ThemDiscusses how aspects of society, including grocery stores and the healthcare system, prioritize profit over healthCollaborates with others to address these issuesMentions the book "Rich Dad, Poor Dad" and its influence on understanding assets and liabilitiesShares personal experience in buying real estate and rehabbing propertiesStresses the importance of taking on difficult challenges in their careerInvesting in Meaningful Projects and Making a DifferencePartners with Philanthro Investors to invest in companies that make a differenceFocuses on clean water and improving water infrastructureLearns from past mistakes and failures, emphasizing the importance of resilienceBelieves in overcoming difficult situations and achieving anything with the right mindsetExpresses passion for connecting...
Grit, determination and a little bit of luck – that's what it took for our guest, Tom Zeeb, to break free from a 9 to 5 grind and dive headfirst into the world of real estate investing. Tom, will take you on the roller-coaster ride of his life, from a terrifying, near-death experience white water rafting, to being neck-deep in debt, and finally, to now, where he's a successful real estate investor. It's a journey that was inspired by a book (Rich Dad, Poor Dad), a six-unit investment gone wrong, and a whole lot of courage.Buckle up because this isn't just a story of overcoming adversity. It's also a masterclass on the art of negotiation. Tom shares with us his top three real estate negotiation techniques that have been instrumental in his journey. He'll reveal the secret behind the "flinch" technique, the art of "bracketing” and the importance of "engineering the middle" to achieve the best possible outcomes. Tom shares with Brad a treasure trove of insights that can help you master marketing, negotiation, and contract understanding – the three pillars of real estate investing. And if you want more of Tom's wisdom, don't forget to check out his website or tune in to his podcast. www.tomzeeb.com#tomzeeb #bradweisman #thebradweismanshow #realestate #realestatenegotiation Keller Williams Platinum Realty Brad Weisman has been a Realtor since 1992 and proudly sponsors this podcast!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.---The Real Estate and You Podcast is your Thursday Evening connection to all thing's real estate. Hosted by Brad Weisman, a local Reading Pennsylvania Realtor and Partner at Keller Williams Platinum Realty with over 30 years of real estate experience, this podcast brings you interviews and insights from people all over the country who are invested in or connected to the industry.From homeowners to investors to industry professionals, The Real Estate and You Podcast has something for everyone interested in learning more about real estate.Also, When Brad isn't selling homes, or hosting the Real Estate and You Podcast you can find him on American Dream TV hosting a NEW show—Selling Reading Pennsylvania! Instagram: https://bit.ly/3JE2RKPFacebook: https://bit.ly/3JE2RKPTwitter: https://bit.ly/3FKM4oo--HIGHLIGHTS YOU DON'T WANT TO MISS! If you like this video, check out some of these:American Dream TV- https://bit.ly/42DiQSiCredits - The music for my podcast was written and performed by Jeff Miller.
Welcome to another captivating episode of Building the Premier Accounting Firm. In this episode, we delved into the remarkable journey of Mark Kappelman, an entrepreneur whose path has intertwined with the worlds of accounting, real estate, and business. Mark's story begins with a pivotal realization during his formative years – the profound understanding that accounting is the fundamental language of business. This epiphany served as the initial spark, propelling him onto a career path in accounting, one that would eventually evolve in unexpected and rewarding ways. Mark's journey took him through the hallowed halls of auditing, providing him with a solid foundation in the accounting profession. This experience equipped him with the skill set to assess businesses for valuation, a critical aspect in understanding their financial health and true worth. As Mark progressed in his career, he found himself lured by the potential for wealth creation in the world of real estate investments and property management, a path he embraced with vigor. It was through the teachings of Robert Kiyosaki's renowned book, "Rich Dad, Poor Dad," that Mark's perspective on financial freedom shifted. He seized the opportunity to explore the world of real estate and eventually built a thriving real estate business boasting assets valued at a staggering $15 million. This bold leap into entrepreneurship allowed Mark to embrace not only the intricacies of property management but also the entrepreneurial spirit that drives success in this dynamic field. Mark's entrepreneurial journey came full circle as he returned to the realm of accounting, this time as the founder of a thriving bookkeeping business niched within the real estate industry. Mark's journey underscores several key takeaways for aspiring entrepreneurs and accounting professionals. The importance of recognizing opportunities, being open to change, and having the courage to embrace an entrepreneurial journey cannot be understated. Mark's story serves as an inspiring testament to the notion that calculated risks, while intimidating, often yield substantial rewards. Mark Kappelman's parting words of wisdom resonate deeply: "Give it a shot." Whether one chooses to venture into the realm of private business ownership or opt for a more traditional accounting career, there will always be a demand for accounting professionals. For more insightful episodes like this, be sure to subscribe to ‘Building the Premier Accounting Firm' so you can gain more insights from the experts and learn how you can grow in your accounting career while maintaining the lifestyle you desire. Remember, if it's about accounting, it's universal! Your Host: Roger Knecht, president of Universal Accounting Center Guest Name: Mark Kappelman Mark Kappelman is the co-founder of RealEstateAccounting.Co and a seasoned professional who brings a wealth of experience from his background in accounting, operations, and real estate. He's spent seven years working in public accounting for top firms like PwC and Ernst & Young and has honed his financial acumen. But Mark doesn't just talk the talk as he's also walked the walk by building a personal real estate portfolio worth over $15 million and has a hands-on approach to real estate transactions. With degrees from Arizona State University and certifications as a CFA and CPA, he's well equipped to tackle complex real estate financial topics with ease. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth. Offers: Speak with Mark for advice Mark has offered to our listener's some of his time to answer your questions. If you would like, please book a meeting with him here if you'd like to connect by going HERE! https://www.realestateaccounting.co/thank-you/?utm_content=homebtn1 Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable. These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: “in the BLACK, nine principles to make your business profitable” – e-book “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals For Additional FREE Resources for accounting professionals check out this collection HERE! Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss. Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe. Also, let us know what you think of the podcast and please share any suggestions you may have. We look forward to your input: Podcast Feedback For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777
David Richter is a former real estate investor who now runs a fractional CFO business for real estate investors. He started his CFO business because he saw a need for real estate investors to have a better understanding of their finances. Richter believes that it is important for real estate investors to know where their money is coming in from, where it is going out to, and how much they are keeping. He says that this information is essential for making good business decisions. Richter also believes that it is important for real estate investors to have a system in place for managing their finances. He recommends the Profit First system, which is a way to allocate money to different areas of your business, such as taxes, profit, and operating expenses. Richter says that the Profit First system has helped him and his clients to become more profitable and to have more control over their finances. Richter says that many real estate investors are struggling with their finances because they are not taking the time to understand their numbers. He says that it is important for real estate investors to know where their money is coming in from, where it is going out to, and how much they are keeping. Richter also says that it is important for real estate investors to have a system in place for managing their finances. He recommends the Profit First system, which is a way to allocate money to different areas of your business, such as taxes, profit, and operating expenses. Richter says that the Profit First system has helped him and his clients to become more profitable and to have more control over their finances. Ryan Goldfarb (00:05.322) Welcome back to the Brick by Brick podcast. I am John Errico here as always with Ryan Goldfarb today We are extremely excited to have a special guest David Richter David is a many was many hats but is also a podcast host as we are for the profit first for our podcast right i have appeared on david's podcast i don't know when that will be released relative to when this is being released but please check us out on that podcast and check out the podcast in general uh... is great information but david uh... first of all welcome thank you for being on our podcast yeah thanks for having me and always it's always a pleasure to get on and spread the message as much as possible so they want to start uh... if you could give us sort of the high level of review of what you currently do and that I would love to kind of drill down into your career, how and why you are doing what you're doing and then branch off from there. So currently I'm the author of Profit First for Real Estate Investing, a book out there for the real estate investing community. But I also run a fractional CFO business, so part-time chief financial officers, because everyone has a sucky bookkeeper in CPA usually, and they don't have anyone to be the glue there to actually say what's actually going on the financial side. So where are they making it, spending it, and are they keeping any of it? So that's what we really focus on to make sure people are keeping more of the money that they're making. That's what I'm into right now and trying to spread the message of profit first as well too. Just making sure people make profit a habit inside their business. Ryan Goldfarb (01:41.174) That's awesome. So I would love to hear how that I, you know, I believe if I'm not mistaken that your path to that involved real estate, right? Owning real estate, closing deals, wholesaling, et cetera, et cetera. I would love to hear a little bit about that, that journey. First of all, do you have a background in finance? Is that how the CFO fractional CFO business kind of generated? If you can see me, I don't know if people are just listening to this or can see me. I know I look like I should have a background in finance and then I have a I'm a fractional CFO company, but I have zero background in finance. I wasn't a bookkeeper, wasn't a CPA, didn't get my accounting degree or anything, but I run a fractional CFO firm. But the reason I did, I started that because my background is as a real estate investor. And so I started about 10 years ago, bought my first house on 12, and have never looked back. I read Rich Dad, Poor Dad, someone gave me that in college. That's what changed everything for me and my mindset. So it was a very typical story there. Ryan Goldfarb (02:41.408) The deal flow from about five deals a month, about 25 deals a month, doing wholesale, fix and flips, turnkey, rental, short term, long term, everything in between, lease options, subject to deals. I got to learn a lot in the five years I was there. And then one of the things I did learn, I did get to sit in a finance seat there even without a financial background because they must have looked at me too and said, you should fit in this seat. But then I sat there and I was like, okay, now that I understand because I literally sat down with our CPA for like six months and said, tell me everything. Like I want to understand how the money flows through here and what does all these mean on the profit and loss, the balance sheet, everything. Once I had that, that power in my hands, I could like tell the full story because I had worked in sales and acquisitions and selling the properties and property management and a lot of different seats up to that point. And now I understood how the money flowed through and if we were profitable or not. So I'm like, this is good stuff. But then at the same time, we were doing 25 deals a month, but spending 26 worth out the door. This is not working. So that's where it was like, okay, this sucks. So that was my first eye-opening experience to where it didn't matter that we did more deals that we had grown that much. If we weren't gonna keep more of it on the way up too, then I would go to these other events and hear on like different places, like whether it was a mastermind or a meetup or whatever, that people were like, oh yeah, we just did our most deals ever. We did a million dollars last year, whatever it might be. And then they're crying at the bar later. because they're like, yeah, but I don't know where any of the money is. You know, like, all the money goes in, money goes out. Have no idea what's going on. I just kept hearing that story over and over again. Then I moved across the country after five years of working there. I moved to Virginia, started with another guy, and since I had the power of seeing the numbers on the back end, I immediately asked him like... I don't care anything that you tell me how many deals you're doing, what's coming in, I want to see your books. Like I want to see your numbers. The numbers will tell your story." And he didn't have books. Like I mean he had books and a bookkeeper, but they weren't real estate investing bookkeepers. So it was like it was a mess. Like the story that I got was just a jumbled mess where I couldn't read it at all. So I'm like, we have to clean this up. We have to get it to where you know and are very confident. What are you making, spending, keeping? Ryan Goldfarb (04:55.642) on a monthly basis, like I need to get that. So got that within three months. And then from there, I wanted to make sure that he had a good system to like, you know, know where all the numbers were. So then we went through and was like, here's where all your cash is, it's in your rentals. Like it's over here because he had bought a bunch of rental properties and all of his equity was tied up there. He only had like 30% loan to value. So it was like, that's where all his money was. So that's where now I was able to just help him understand where the money was. So to me, He said to me at that time, just knowing what I make, spend, and keep, then from here also knowing where the money was going inside of my business has been life changing because now I can make better decisions around my money. So that's where to me I felt called to do the company that I have today, to start Simple CFO because I'm like I have a real estate background but so many people I know are struggling with they think income. solves all problems and it's like we're not taking the root cause and really knowing what's going on. So that's where I'm like. Yeah. So there's a lot there. Yeah, a lot. So thank you for that. Yeah, there's a ton of unpackers. So my initial impressions, first of all, I hear that. That strikes a very chord with me about money coming in, money coming out. One of the things I was shocked before I went into business for my own at all, right, is I worked a normal job. probably like most people have at some point in their life. And when I went into business, I sort of had this naive assumption that every business that I had interacted with before as a W2 earner or would start, knew exactly how much money they were making. They had everything buttoned up. It was just this kind of magic thing that every business had. And I was shocked to realize that even something like. For example, as we talked about in this podcast, Ryan and I have operated and currently operate a construction business, right? But even determining something as, shall we say trivial, sounding trivial, sounding as saying like, did I make money on this construction project, right? Period, like as a general contractor, right? Did I pull in more money than what I made? That itself is not. Ryan Goldfarb (07:09.346) One, that's not a trivial question, and two, if you ask general contractors, no one knows the answer to that. That's like, I don't know, maybe. And if so, how much? Did I make a lot? Did I make a little? Is that good? Is that bad? I don't know. We encounter that a lot. With our affiliated businesses, for a construction company, it doesn't really matter how much we make, because we don't really take any money out of that business. But even something like that is, it's like, It's almost like forensic accounting type of stuff, right? It's like going back being like, well, I bid this up and then I had this over to this and that and then I rented this car and that was kind of for this, kind of for, you know, it's just like, oh my God. Yeah. So I feel that pain a lot. And then the secondary question to that is, if you made money, was it worth all the time? Exactly. Yeah. Yeah, exactly. Very much so. One thing that you said that I found interesting and I want to drill down on too is, when you were doing real estate investing and now you're kind of interfacing with real estate investing, I'm sure you're still investing, but interfacing also with other investors in a different way. Is it the case that... A topic that comes up a lot in real estate investing is, do I make money through cash flow, through rental, revenue or whatever, or do I make money on appreciation? Why am I doing it? Am I making money so I don't have to work a day job? Am I making money so that I can retire? I think that those distinctions are pretty important, and I'll just say candidly from my own experience in real estate, I've made money through cash flow, through rents. Ryan Goldfarb (08:51.412) a lot of my real money, like the money that I would actually go into real estate for from like selling properties, right? Like from appreciation. So I wonder what your, A, what your background for the five years that you were working in this company was with that and B, what are your opinions on that today? Oh, sure. So back then I was buying my own rentals and I like the cashflow game, but I also like the appreciation game as well too. I mean, my first house was a home run where I like rented it out, then lived in it for a lease option on it and then the tenant cashed me out six months later so there was like no capital gains because of the tax law. This was a great deal. I got everything from it. I got cash flow, I got rent, I got the lease option, then I got the actual cash out. So that's where in the business too we were doing a bunch of different exit strategies. So we were doing wholesale and flipping and rentals and so I liked all of that so we had a mixture. I also feel like too at that point, one of the reasons why we were doing 25 deals but too unfocused. We had too many exit strategies, so it was too much overhead and the people that we had to employ to do the different types of exit strategies and growing that big. So I feel like that was part of the downfall. If I had my way, we would have kept growing the lease option portfolio we had. We had about 80 lease options in Indiana and like a Michigan area and then we had about 20 year long term rentals and the lease option properties were really good and because this was like 2014, 15, 16, a lot of people still couldn't get a loan or because of the bankruptcies of 2008, 9, 10. So it was like we were helping people that were good people that just couldn't go out there and get a mortgage at that point. So it was like I really like that and they paid better as well too because they had an option to purchase the property. They had first rights to purchase it. So it was like... We did a lot of good stuff back then. So that's probably what I leaned a little bit more towards because it was, you got the cash flow, but then you got the option. Ryan Goldfarb (10:48.234) to sell it to them as well too. And then to capitalize on that appreciation at some point of like, okay, I know I can at least make this much on this house and lock that in and maybe give them a good deal if it does keep appreciating, they're going to have some equity too. So I felt that was a win, win. Then in today's market, I am all about what is the best thing for your business? What can you capitalize on and be intentional about? That's where even when we were talking on my podcast and Ryan, I had asked him, I had you like you've done a lot of things in real estate like why'd you pick the different things that you're doing it's like Finding what doesn't work, you know Like what doesn't work for me because like what you can do and your expertise is gonna be different than someone else's So I feel like in today's market, of course with higher interest rates It might be difficult to do like the burr strategy as much as you were doing it a year or two ago So it's like some of those strategies you're gonna just have to pivot into something different Maybe subject to is a lot better acquisition strategy at this point because maybe you could get one of those two three four percent that someone has locked in so you're so that way you have more options when you acquire that property to can I sell this can I just keep it because it's such a low interest rate and then I could do a short-term rental or a long-term rental on it Or like whatever it might be but there's just it's you know Just in this environment with a higher interest rates it the strategies just change. So that's why I also like teaching the proper first methodology to because it's like it no matter what the market does elisa don't have to worry about even if it crashes you'll still have cash you'll still be okay you just have to pivot to what works for that market and what you do as well to because a lot of people can make it just making sure you're keeping is as well so that way you can you're not going down when everyone else is you know it's jumping ship on the titanic so let so let me take you to the moment we decided to start simple cfo You know, you obviously, so that's a business, right? That's its own venture. Did you think? Ryan Goldfarb (12:50.21) Maybe the way I envision that you might have started is you said, I see this problem that you describe, which is that from my own experience, it's this problem that no one knows where their money's going in real estate, which absolutely is a problem. Did you then go and say, OK, I can solve that by being a consultant. I can solve that by starting a business that has a process. I can solve that by offering, like selling a good. I know that you've also given the book that you mentioned and all of that. What was the, how did that come to be? I guess and what were your thought process behind it? My first thought process was just going into these businesses and do the same thing as I did with that first guy and say like, okay, here's where your money is going and just giving them that clarity. So more of consultant. I guess from the beginning, even though I didn't even think of it then, I was thinking more I want to create a business eventually and have systems and processes. But I got a call from my mentor and I called him and had a good conversation when I first started it and told him what I was doing because he was in the real estate world and coaching and consulting but he was doing it for operations and not the finance. So I was like, hey, you see a lot of businesses. Are you seeing the same things that I am? And would this be a … a good business to start. So I had a good mentor who was like, yes, I could even refer people right away to get in there. So that was a good in and a good confirmation. But then he told me the biggest piece of advice that I'm still using today. He said, you need to read the book Profit First. If you're going to start a financial company to help them, it's a great framework. So I read that book that evening when he told me, took 10 pages of notes and said, this is incredible because it speaks to me as the entrepreneur. And like this, you don't have to be a numbers person or a financial wizard or guru, like you just, or have any accounting degree, but this system will help you know where the dollars are going in your business. So that's when I started incorporating it. So there was like that product as well of like implementing a cashflow system with an actual framework that Profit First teaches. Then eventually once I was implementing Profit First for about a year, I went to Mike Mikalowicz, the original author of Profit First and said, I have a real estate background. Ryan Goldfarb (15:02.474) And now I've implemented Profit First successfully and see people going from like out of business with their hair on fire to like nice, orderly, calm, have money in the bank, you know, and like actually see that transformation. So I just asked, could I write Profit First for real estate investing? That's how the book came to be as well too. So then from there, I knew I couldn't just be a consultant anymore either, like it was just me because I was going to have too many requests to work with us because of the message that we were getting out there. So that's when it started scaling as well. started bringing CFOs on the team and just growing from there. So that's kind of how the progression went. you know, of like that metamorphosis of the business. So what is that business look like right now, that simple CFO business? Is it how many people do you employ? Like how is that structured? How does that work? So we have about 25 CFOs, have a leadership team of six people, and then work with over 100 real estate investors on a monthly basis where the CFOs are going in there and helping them make real decisions on the money and just get a good, we call it the very first 90 days, we call it laying the financial foundation. the one on one stuff you need as a business owner, like getting the cash in order, getting your books so that you can get a clean P&L balance sheet, cash flow statement right from the beginning. We implement a dashboard with all of our clients that's customized to their business. It's a simple Google sheet, because we want it to be very easy working back and forth, but it's tailored to the real estate investing industry. So that's what they get up front. And that's where I'm just trying to get them to know three simple numbers. What are we making, spending, and keeping on a monthly basis? And which dials do we need to turn? Ryan Goldfarb (16:38.582) Are we not making enough or are we spending in the wrong areas? Like, do we get to keep any of it? And like, or is my hair on fire in my personal life? Like, I can't keep living like this because usually like we've talked about here, people think income is always the answer, right? More income solves all the problems. And then they get to six figures, six, you know, then the 500,000 mark and then the seven figure mark. And it's like, the problems are just that many zeros bigger. And it's like, that's where the true financial freedom comes from knowing I can also make the money. keep it as well too and have a system for it. So that's what we're trying to impart to people, is helping them become that savvy business owner. And that's what the business looks like today. That's great. What is the average profile look like of your clients in terms of real estate experience, scale, financial experience, et cetera? We have two main programs. We have one where we just lay the foundation. So if you've done five deals or less, we're usually, that's where you are. You know, like you've, you're starting to ramp up. but you're like I need the foundation but I don't need other things. So that's where we have one but the one that we work with the people the most is when they're either doing five to ten deals on a yearly basis or up from there. So usually that's 200,000 in gross profit a year or up and then probably five million and down because once you hit five, seven, ten million depending on what type of business you have and the margins that you have. Then you can have a full-time CFO, which we've actually graduated some people out of the program of the part-time CFO to a full-time CFO But that's kind of like the client profile But then we in the real estate world we work with since my background is real estate investing We work with a lot of people in the single-family side where it could be short-term long-term Could be the you know rentals it could be also the fix-and-flip or wholesale We work with some multi-family some with debt funding, you know and have the big funds that they put together So there's a lot of different types, but a lot of real estate investors what about ten percent is other businesses usually because the real estate investors have the other businesses like we have a jet ski rental company like just some random stuff that they have as well and then we work with some marketing coaches and stuff like that as well too but that's kind of like what makes it up now and like who we're trying to serve do you see patterns I think it sounds like you have a lot of exposure to you know city of a hundred plus investors that you work with real estate investors work with every month you see patterns in those clients where it's like hey you know every Ryan Goldfarb (19:02.864) and flips is blank or whatever. Is that like the... Fix and flips, they're out of money all the time. They're usually either using their own or if they're using private money, they're getting into Ponzi schemes because like, hey, I've used project A's money already and it's gone and now I'm already on lender C for project A and then it just keeps going and going and going. So that's something we try and get people away from with this system and like, okay, how much money do we need? versus how much is coming in versus how much is going out. I want people using as little of their own money as possible to be able to use to either grow the business or to provide a good life for them. So it's like, how much can we get from other people and does it make sense with the interest that. You're paying them versus what you can pay out for yourself. For the flipping side, I feel like everyone's always running out of money just because they don't have a good system to know where every dollar is going. That's why I love Profit First because it solves that problem big time of giving every dollar a name in your business and being able to see it from a high level. I would say on the rental side that a lot of people over there, when they come to us, I feel like their hair's not as much on fire. Ryan Goldfarb (20:29.325) the Ryan Goldfarb (20:42.846) or even sell something on land contract or whatever one entry might be five lines worth but you don't have a real estate investor bookkeeper they might just market as income all income it's like well no in order to get the best tax strategy here. We need to put it to where it goes and to be compliant as well too. Not to mention just that, but that's where as well. That's a lot of the things. Everyone who comes to us, I would say, and probably 97% of the entrepreneur community just don't have a grasp on the business finances because a lot of us in our personal lives never got this. If you went to a Dave Ramsey course or a Red Suzie Orman or some of those people, you're probably ahead of most people. if you follow some type of personal finance program but a lot of people have it or they've made their ever at rich at port at but that's not a good enough education to know what to do with the business finances So it's like, I feel like that the business finances are just personal on steroids. So like if you have good discipline habits and stuff in your personal finances, it usually translates to the business and we can get it under control faster. But then a lot of people that come to us don't have good habits in their personal life, so the business is a mess. And then it's like we have to unravel some of that. plus implement the systems and habits that are going to help them for the future. So everyone, no matter what side of the fence they're on, the long term or like the fix and flip or whatever, most of them come with one of those two in their background as well too. But those were some of the things that I've seen from specific niches. Ryan Goldfarb (22:11.022) Do you see, how do I say this? I feel like the nature of the problems, as you said, can be driven by any of those three buckets. Does it tend to be more of people having a liquidity problem or is it oftentimes more of just an underlying profitability problem where they just, they're doing that as just something that is fundamentally not profitable? Yeah, I was gonna say it's usually that. And usually that's driving the liquidity problem. It's like fundamentally they don't know how to be profitable and there's so many reasons for that in the past whether they've not No one usually talks about it like I do where or like the profit first message talks about the financial usually It's someone boring, you know It's like someone that's gonna put him to sleep a bookkeeper a CPA who talks about the stuff That's not relevant to what's happening in the day-to-day business. That's actually gonna help them That's where a lot of people just don't have that background or that knowledge. So it's like, can we just give this knowledge at a base level? That's what drove me to profit first and why I preach that message so much, because it's such a simple system and message where it's like, I can understand this, get a good system in place. And at least that's one step closer to profitability. Like knowing that the business is profitable. Cause I say this a lot that the purpose of the business is to be profitable. So many people lose sight of that and become an accidental nonprofit. It's like, please don't become that. Be intentional about where the dollars are going. Become a profitable business. Your purpose might be different. We were talking about on the podcast when you came on with us that you want to make an impact in Atlantic City. You want to make the nice things and the dollars and cents are really nice, but then it's making sure also that you're... living a fulfilled life and you're actually helping people and getting that out there as well too. So it's like you're not able to do that if you're always just running around with your hair on fire, worried about the money. Where's it coming from? Where's it going? You can't put as much emphasis on your purpose if the business's purpose of making money is not happening. So that's where we just talk about that a lot. So that was a great question because most people's underlying problem is they just don't have a profitable business and don't know how to drive. Ryan Goldfarb (24:22.37) profitability and the margins and the safety net and getting that all in place. Yeah. When you, when you get to the point of having, sorry. Ryan Goldfarb (24:32.586) So when you get to the point of having something that at least has the foundations of something profitable, I assume the next step once you've checked that box is to understand how you're going to maximize that profitability or sustain that profitability. I assume there's a pretty substantial kind of planning and budgeting component to this. Can you speak to that and how you guys try to address that need? Sure. So that's where we drive. Once we get the baseline which is like the envelope system, but for businesses. You can pick up the book and it goes into great depth there. We can talk about that a little bit if we want to, but then also we set up that dashboard, and that dashboard drives the rest of the conversations. It's like, do we need to focus on make, spend, keep, because we want to make sure you're keeping enough because those keep numbers of like, what's the profitability, what are the owners taking, do we have enough for taxes next year, and we're thinking about it this year. Like those keep buckets, like are we making sure And if they are on track, then we get to talk about, are we spending the money in the right place, or are we making enough to keep the keep buckets filled? You know, like making sure that we have enough for ourselves and for the business to be profitable. So yes, it's like setting up that system, but then all the conversations are driven around, how do we make sure that those three are in alignment, what you're making, spending, keeping, and maybe you say, it's time to scale up. So you say, I still want to be profitable, but maybe I have to take some percentage points from profit and put it towards OPEX, but then you're still making sure you have profitability. So that's the thing too. You're just protecting that at all costs, even though you might be intentionally taking a little bit less profit, but then you're still putting towards that for a new hire or a new system or whatever. But then at least now it's intentional. versus what most people do is build their business on the hope and pray plan. I hope I make enough and I pray there's some at the end of the year. It's like now I know what I need from my business and I'm gonna aggressively attack that and if I'm going to make it, you know, like take some percentage points from profitability, I'm going to put them towards OPEX but I'm still going to have. Ryan Goldfarb (26:37.298) at least this amount of profitability, even if it's a lower percentage than it was, because you have to protect that. So that's what we do with people, and it depends on what they want to do. Some people, we've worked with some people, they finally get profitable, and they're like, yeah, maybe I don't want to scale, because it's really nice having a lot of this profitability come to my pocket and be able to be where we are, and it's not too much headache now. We had one guy who was trying to do three to four deals a month in 2019. And then at the end of that year, he lost $70,000. Like a CPA told him that. And the CPA said, it would have been better for you to work at McDonald's. You know, like then your real estate business. And he told me, this was the year I did more deals than ever and lost more money than I've ever lost. And that's where I'm like, oh my gosh, like just having a system like this can turn around. So he's still with us three years later. And last year, with the system and everything, he had all of his accounts and like everything for his business for the rest of the year by June. Meaning he funded his whole entire business like the operational expenses his profitability goals The amount he wanted to pay himself by june of last year Because he had a simple system to know where every dollar was going to know where those dollars were and being able to direct them He even gave from one account last year $70,000 to a camp for kids like he set up a giving account and that's where he was like two years into this He was almost like where was this money going before? You know, like, because in the last three years, he's done less deals than he did in 2019. So he's done less deals, yet he's had more money in his accounts because he's been more intentional with every dollars going. That's where I became a believer, like through him and other stories that I've seen through him and like through other people now of like, it doesn't really matter as long as you're making a certain amount of income. it really doesn't matter how much you're making it really depends on how good are you at catching those dollars on the back end because you're probably missing out i'm not only you know the money that you could be make it there the opportunity cost but then like just all the stress and headache comes with that and not being able to fulfill it so that's where feel like a lot of people get into that group of just it's just the income let's go after the income let's keep going but that's where see a lot of people that have that Ryan Goldfarb (28:52.704) I mean, we actually did a podcast episode recently on, which has spawned a lot of things that we've been implementing. But our business, I think probably like many other businesses in the real estate space has relied on expanding, right? Buying more stuff, doing more things, whatever else. And the premise that we did this episode on was, well, what if we could buy no more properties, do no more things? We just had our current portfolio of stuff. What would we do to really... maximize essentially the portfolio of assets that we had. And we brainstormed collectively about it. And it was a really valuable exercise for us. And we've ended up implementing some of those things. It was like, well, yeah, we could capture more bookings. As I think I mentioned on your podcast, we have this direct booking website for our fundamentals in Atlantic City. That idea was born out of that conversation. Because we're like, well, we're leaving a lot of money on the table. you know, are the people that stay with us are spending, you know, double digit percentages to Airbnb and we're getting charged with Airbnb, 20% of the amount of money that is being spent is going to Airbnb, right? So like, how hard is it to start a direct booking website? We already pay for Gasti, right? Which offers that functionality. You know, how hard is that, right? So that, you know, that among many other ideas was sort of the genesis of it. And I think that mentality, I think when you're... maybe more speak to myself but like you know like that kind of entrepreneur mentality always want like go bigger go faster go you know, whatever and I think that works for some people, that works like if you're kind of, like a lot of startups basically it works for because they never make any money, right? They're just funding their operations with investor funds or debt or whatever. But the reality is that, I think to your point, David, if you don't have a foundation that actually makes you money for whatever reason, and it sounds like in your experience that reason is because people just have no idea how to manage those businesses, but you have a business that doesn't make any money at all, Ryan Goldfarb (30:57.248) that business or quadrupling that business is not going to make you any money, it's just going to quadruple the current situation you're in, right? I think one cool thing that you're doing, and this is something that has occurred to me a lot too, is that when a lot of real estate investors I find are... You know, one way to look at a real estate investor is that you're just operating a small business. Your small business is that you buy real estate or whatever you do in real estate, that's the business. But like, you can say you're a real estate investor, but you're really a small business owner. You just happen to be operating in the real estate domain. And I think an issue that a lot of small businesses have, perhaps this is the entire premise of your company, is that I don't have the money to... hire a CFO, right, like a treasurer, like I just don't have the expertise, I just don't have, like my business makes $100,000 a year, $300,000 a year, or whatever, like how am I gonna spend $100,000 in a CFO, right? And the same is true, I think, for, you know, my background as an attorney, like I'm not gonna hire an attorney, right, I probably make $100,000 a year, I'm not gonna spend $25,000 an attorney to do whatever. So I think, like, you can pile that up about everything, right, and so at the end of the day you get people that are. these real estate investors, small business owners who have really, maybe they have expertise or whatever in a small domain and that's what they do, but they don't have the business acumen to actually run the business. So, having a fractional CFO business seems to make a ton of sense in that context. It's like, yeah, great. I can't afford to actually pay a CFO if I need that service. Yeah, exactly. That's why it was born. Because I was like, I don't want to be another bookkeeper, another CPA. I don't want to have that type of business. that makes a difference in the business owner's life. And I feel like that's had to be a higher level service and something where we could talk as actual equals. Like if you're the CEO, we're the CFO, we're coming to you as being like, okay, you're gonna make the money? Like for the love of God, have a system to keep it as well too. And like, let's talk about that. So like that's where I, you know, this was born because now we could work with people a lot smaller than people that. Ryan Goldfarb (33:07.19) work with full-time CFOs. So it's like being able to actually work with a group of people now that have access to someone like that, but they don't need a full-time person. They only need that access to them on maybe a monthly, bi-weekly, weekly, depending on where they are of this is how much that they would need someone like that in their business life. And like you said, to get a lot of just the traditional like the... business acumen of what do we do with the money and here because a lot of people just say like we've talked about it's the income like Let's just do more deals and then they end up living deal to deal even though they lived paycheck to paycheck before, you know It's like trading one rat race for the other. So that's where it's like, okay, let's slow this down Let's make sure we're getting to you to what your actual goals are A lot of people haven't even sat down to say what are their goals in their personal life? Like what do we really need from the business? That was that one guy that was seventy thousand in the hole He was doing a great thing doing the three to four deals a month. The next year I said, after knowing what you need, because we go through this process of like how much do you need for your personal life and for your actual from the business. He figured it out. He figured it out in deal total and he said, I only need to do five deals. I'm like, that's a lot different than three to four a month. Like you realize that, right? And he's like, that was just freeing to him of like, I don't have to work 80, 90, $100 weeks to do five deals this year. You know, five of these fix and flips and, you know, making sure that I close these. It was like, just having those numbers at the palm of your hand, you know, and right there at your fingertips to be able to say, okay, this is what, that's why, like I said, the fractional CFO, I wanted to give a cost-effective option for the people who couldn't go out there and hire a full-time, you know, I'm a chief financial officer. So with your business as it is right now, I assume when you started, I'm guessing you had just you. It was just you in the business. Now you've grown to these employees and whatever else. What's the plan? Do you want to keep expanding? Do you want to keep growing? I'm assuming you're implementing the profit first stuff in your own business, right? So are you hoping to, would you want to get? Ryan Goldfarb (35:16.734) from a hundred to a thousand is that the goal or you know what what's the what's the end game the end game because yeah i love when people ask me this question because i'm honestly like i'm not sure how far i can take it i've got a i've got a background of faith so i'm like how far does god want me to take it before he says you're not the leader to do this anymore so like for me i want to keep expanding but i also want to keep expanding at a rate that doesn't blow up the business and i also want to expand at a rate that makes sure that we're helping the people that i can make an impact on So it's like, is that the real estate investing market this year? Because we have a revenue goal for this year and over the next few years here. So probably in the next. you know, probably three to four years, we want to be at like the 500 client mark, you know, so that's probably of a more realistic timeline over the next three or four years to be at there and working with that many on a monthly basis. But that's where I'm like for the long term, I'm not sure how far I can take it or like how, cause I've seen it. I've had to level up to from a six figure business owner, you know, like to the seven figures now. And it's like, okay, can I, what about being an eight figure leader? And then from there, how far can I take it once we're at eight figures? And like it, that. how far do I want to take it to because I also have a wife and a daughter and I don't want to miss out because She's six years old now and I'm like, this is the best time of life I love six years old so like this is stuff that I also don't want to miss out on so I'm like how far do I really want to take it without giving up my you know, my family life as well to just throwing that all away I can relate. Yeah, I have a three-year-old and a one-year-old. Oh, yeah Yeah, it's a fun time. Those are a bit fun. Yeah, I'm not going to say I miss those ages completely, but I love six. Six is amazing. Yeah, well, I'll let you know in three years. Yeah, I was going to say, just stick it out. Stick it out a few more years. It gets 10 times better. Do you still do real estate investing on your own, or has this consumed your... This has consumed the last three and a half years of my life, so this is what I've been doing for three and a half years, and so I sold everything back then. But now... Ryan Goldfarb (37:14.774) I'm actually working on some deals with my brother-in-law who just got married last year to my sister. He he's young, early twenties, but now I'm like mentoring him. He's doing a lot of the work going out there, talking to the sellers, that type of stuff, and I'm like, I'll fund the deal and make sure it's a good deal on paper and like that. guide you to make sure we're actually making money in this thing and we'll set a profit first and we'll do all this to make sure that we're not running around like chickens with our heads cut off. So getting back into it finally again, because I felt like I was like my head down and was buried and now that I'm not doing the CFO work and I've got a great team and a lot of good people that we're working with, it's like now I can pop my head up a little bit and get back into it. But I've been head down focused. What are the constructs of most of your clients' teams look like? one of their first hires or first main consultants that they would hire? Or do they generally have an existing team of some kind of COO equivalent bookkeeper and all that? Yeah, some of them have a small team. So they have maybe a bookkeeper and they have some of the people we work with have been solopreneurs. They're just making, in real estate, you can make great money. You know, like you could do a flip and do 50, 60, 70, $100,000, depending on the market, even wholesale deals that much. So it's like we work with some people that man, woman operations, but then most of them have a small team. Some of them have had maybe operational consultants before. Now they actually need some systems in place and they need the right things and the right systems processes. But then we're usually the first one that made it where they're like, holy crap, we've never been talked to before like this on the financial side. Usually they have a bookkeeper or CPA, but never the conversations that we're having. So it's definitely a wake up call for a lot of people we work with of like, oh wow, we've I love what you said about the question you asked, John, when you and Ryan had that meeting. How do we, if we weren't to take any more properties on, what do we do? It's like asking good questions like that. Questions that the owners sometimes just don't even know to think about to ask themselves. It's like making sure that they know, okay, what do the numbers mean? Yes, but then what are the questions that they unlock once you know what the numbers mean too? Ryan Goldfarb (39:26.05) What, what's the typically the dynamic between you and the bookkeeper or the CPA? Are you guys generally working in concert or is it more adversarial because you're trying to usually in concert because if the person hires us, they either have an issue with one of those people that they want us to either help or replace, or they come in and say, I have a great bookkeeper, a great CPA, but those are their lanes. They don't do the fractal CFO work. Can you work with them? And then we just help to manage that team. So it's more in concert than anything. making sure that the stuff is flowing. But if we ever butt heads, it's like we go back to the owner and say, hey, we're butting heads here. Would you like to retain us or do you want to not retain them? Because they're not wanting the systems that we're implementing and this is for your benefit. So if it ever gets to that point, just bring the CEO into those conversations. If you, when you work with a client, are you generally working with them on a holistic basis? Like are you working? them or are they bringing you on to work on, let's say their, their flipping business or their rental portfolio or like some subset of what it is that they do? Usually with the people that we're working with, it's if they, like a guy we just are working with right now, like he signed up today, he's got a wholesale and flipping company that are kind of like tied together and then rentals. And we're going to manage like both of those. So we want to do a rental analysis of his portfolio, but then we also want to see. He's switching from less to doing less flips and more wholesaling. to make sure like as I'm doing this, like, am I going to still be profitable? Are we doing enough of the deals? Like are the margins still as good and like how many deals do I need to do to replace like if this is my average wholesale, just a lot of the numbers that he needed on that side as well too. So we'll manage both of those as well. Like usually it's all one price unless you get to like five, six entities that are doing like six different major functions, but like if you've got a selling business and you've got rentals or long-term or short-term like. That's usually like, okay, we can manage both sides of that. Ryan Goldfarb (41:27.61) This is maybe a silly question, but do you encounter, I wonder, you know, Ryan and I encounter a lot of real estate investors in one way or another and like, you know, sometimes we encounter them, we're kind of like, how are you, like, how is this, you know, how do you make any money? Like, what is it that you, do you encounter businesses where you're sort of like, you look at the business and you're like, this is hopeless, right? Like, you know, your business makes no money and like, there's really, like, you know, the solution to your problem is like, stop doing this or do something vastly different from your current way. of operating. I don't think we've ever had it be that drastic. We've had people where it's been a rough time period for them or we can see a trend that it's bad. And so sometimes we recommend pause our services, pause these other things because we're in that seat of like, which is a very unique seat in the business. We're not just a marketing company saying, just spend more dollars. It'll be better. You'll get more deal flow. We're actually saying, you might need to pause some of these things in your business, take a step back to be like, okay. here's the next steps but not up to this point have we ever sat down and said like you just need a you need to rethink the whole thing you're doing what the worst scenario was two hundred eighty thousand i think in the whole for the last year when he thought he was profitable like he'd he didn't know it was that bad but and he thought he was in the black which was just not a fun situation but within he we worked with him for two and a half years and he was able to get not only dig out of the hole but like be able to have money for taxes at tax time and like do all this stuff and it was just being able to direct the money better of like where okay you have enough that's coming in we just have to stop spending the areas that are not returning you anything and really spending where it should go so that's what that's one of the worst situations we've come across where even then we didn't It was, he had some assets like rentals. So we were like, you might have to sell off some of the rentals that you've built. And he started crying on that phone call because he was like, you know, this has taken me, you know, a decade to build a lot of these rentals. And it's like, okay, we totally understand that. This, these are your options though. Like you could either sell some of these to get back in the black. You can do more of this wholesale, like this vertical here. Do you think you can hit this amount of, you know, properties or do you want to give up? You know, and like just turn it, turn the keys in. Ryan Goldfarb (43:46.11) so i for him he chose to sell a few the rentals state you know i go to only commission base for office you know the people the acquisitions people because he wasn't doing that before it's like to some big strategic things he was able to do start getting himself out of that hole did i know we are wrapping up here i wonder what if you want less personal different than what we're talking about for the people that are listening that are you know relating to what you're saying and what is there from that profit first mentality methodology is there uh... overarching piece of advice that you can impart and say like you're something you do you know i mean i'm sure they can contact you is that something they could do but you know i did addition to that you have something they can do to you know to kind of like take control of that right now so the whole system and i didn't get into it as much in the nitty gritty but the whole system is based on you look at your bank account on a daily basis usually like most entrepreneurs do and not at a QuickBooks system or something, because you'd rather stick your head in the sand or kick sand than do that. So it's like, hey, we'll utilize what you're already doing and set up the envelope system for your business, but with business bank accounts. So having accounts that are literally set up named different things like profit or owner's pay or owner's tax, making sure that the things that matter to you. also have a bank account name for them and you can see where the money is. What's to pay the bills versus what's to pay me and to make sure that I'm okay, to make sure the business is okay, like having those types of accounts set up. So I would just say from this one, go from this episode, open one new bank account, call it profit and transfer 1% to it. Like start to get into the habit, then pick up the book and go deeper. Like what other accounts could I set up? What are the percentages that should go to these accounts? Like how do I know if I have a healthy business or not? A lot of the questions I answer in the book as well too. And it's like that book, I don't make a ton of money off the book. I'm not trying to sell a million copies. I'm trying to get you a good system where if you're like, I'm just living deal to deal at this point and just I thought income solved everything and it's not and it never has for me, then like just get a simple system in place. But that would be like one action step they could take is if you're listening to this, open one account, transfer 1%, get into the habit of not spending everything you make. Ryan Goldfarb (46:00.062) of just being a profitable business, starting to build margin in. And if you're like, I can only do 1% at this time because we've been spending so much, how about next quarter? Can you do 3% next quarter? Do 5, 7, 10, 12, 15. Like that way you could start scaling up your profitability as well too, just because once you have a grasp on it. This has been awesome, David. Thank you so much. How can people get in touch with you to learn more about the Fractal CFO business, about the book, about your podcast? What's the best way for people to reach you? One stop shop is simplecfo.com. Trying to make it very easy. So simplecfo.com. You can find the podcast there, the link to the book. And if you want to book a call, it's right there. No obligation. If we're not the right fit, we'll make sure we pin you to a good real estate investing bookkeeper or CPA or something like just to make sure that you have that piece buttoned up. So that's where you could go, simplecfo.com. Awesome. Awesome, that's great. David, thank you so much for being on the podcast. We really enjoyed having you and we'll check back in. Hopefully, we were on your podcast. Maybe we can do a follow-up episode in like a year or something. Yeah, yeah, that sounds good. Great, and thank you all for listening to the Brick by Brick podcast. John, I'm here, John with Ryan. If you'd like to contact us, the best way to contact me is through email. It's johnjohn at libertyhudson.com. And I'm Ryan, R-Y-A-N. Ryan Goldfarb (47:18.306) We really love talking with our listeners, so if you can like us or follow us on whatever platform you listen to us on, that would help us a tremendous amount. Feel free to ask us any questions or comments for future episodes, and we'll be back next week with a new episode. Thank you guys so much.
Henry Washington is a real estate investor, educator, coach, and co-host of BiggerPockets' On The Market podcast. Starting out with just $1,000 and bad credit, Henry suffered a panic attack out of worry he wouldn't be able to provide financially for his family. 90 days later, he owned his first rental property. And within just a few years, he scaled to 70+ units; became one of the country's best-known real estate teachers; and built a dream life for his family.Henry also discusses:-How seeing his father's side businesses inspired him to start a real estate company-Living a big life as an example to your kids-The TEDx Talk on passive income that motivated him to pursue real estate investing-How honesty and commitment strengthened his wife's trust in his entrepreneurial ventures-Using a 401k loan to invest in real estate-Improving his credit and building a network of passive investor-Building a consistent, reliable lead generation system-The "Burst Strategy" in real estate investing-The growing affordable housing problem and the opportunities it presents-How historic racism and lack of resources for Black Americans require partnerships for affordable housing-Why he's not worried about a 2023 recession-How to be more present and intentionally design quality time with your kids-His upcoming book, "Real Estate Deal Maker"Books mentioned in this episode:“Rich Dad, Poor Dad” by Robert Kiyosaki“The Richest Man in Babylon” by George S. Clason“The Alchemist” by Paulo Coelho“The Wise Investor” by Rich FettkeHenry's charitable cause:Saving Grace NWA, which “serves young women ages 18-25 who have aged out of foster care or are facing homelessness" by providing safe housing, educational assistance, career guidance, and more.Connect with Henry:InstagramLinkedInTikTokIndependence Realty Group
Today's Flashback Friday episode is from episode 734 published October 4, 2016. Jason's guest, Brian is a client and a longtime Creating Wealth Podcast listener. Brian describes his early days of real estate investing when Sara initially walked him through the buying process. The properties he purchased in Atlanta and Memphis have now matured and Brian is faced with making a decision. Should he refi-til-ya-die or to do a 1031 exchange and get 2 for 1 on his highly appreciated properties. Jason shares his insights on best business practices, how to use an IRA as a tax savings vehicle and recommends some “must read” books on real estate investing. Key Takeaways: 1:44 The Wells Fargo contract claw back. 3:39 “Make Six Figures” Bloomberg article tells a scary tale from the content portal. Case Study with Brian: 8:53 Brian read Rich Dad, Poor Dad in high school which led him to the Creating Wealth podcast. 10:15 Brian was pleased with the support he received from Sara and the Local Market Specialists. 13:10 Is refi-til-ya-die always the best option or does the 2 for 1 plan make better financial sense on highly appreciated properties? 16:51 The 2 for 1 exchange gives the owner all of the equity to reinvest. The refi-til-ya-die option is limited to the cash-out loan to value ratio. 18:06 A refi may be a simpler option and offers a locked-in lower interest rate. 20:34 Brian shares his real estate investor stories on his website Rental Mindset. 21:55 When buying real estate inside of an IRA you get a tax efficient vehicle inside of another tax efficient vehicle. 22:37 Read Garrett Sutton's Loopholes of Real Estate. 23:55 Rationalizing buying a property sight unseen. Mentioned in This Episode: Jason Hartman Hartman Education Rental Mindset Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Join me, your host, John Mendez, as I bare the secrets of my financial journey, revealing how I turned my life around to build a wealthy, abundant life by the age of 21. During our time together, we'll delve into my beginnings, starting from mid-2020, when I was financially naive, and how I took the first steps towards wealth-building with the help of the Self credit-builder app and a credit card from Bank of America.The tale continues as I share how my financial perspective was transformed by insightful books such as 'Rich Dad, Poor Dad' and 'I Will Teach You to Be Rich.' Learn how I discovered the potential of travel cards, opened accounts with Charles Schwab and Ally Bank, and ultimately, how I achieved a credit score of 750 and half a million points. My journey serves as a guiding light for young adults who aspire to build financially secure lives. So let's embark on this journey together; your first step towards wealth starts now.Support the showHOW TO SUPPORT THE WALK 2 WEALTH PODCAST: walk2wealth.supercast.com 1. Subscribe, Rate, & Review us on Apple Podcasts, Spotify, YouTube, or your favorite podcast platform. 2. Share Episodes with your family, friends, and co-workers. 3. Donate what you can financially to help us continue to bring great content that inspires you, and people like you around the world!4. GET YOUR BEGINNER'S GUIDE TO START YOUR DREAM BUSINESS: HTTPS://WWW.BIT.LY/WALK2WEALTHGIFT
Have you been told that saving money and investing in the stock market will lead you to prosperity, only to be left frustrated and stagnant? The pain of working hard, saving diligently, and still not seeing the results you desire can be disheartening. But fear not because there is a better way. By tapping into the power of real estate investing and strategic financial planning, you can unlock the true potential of your wealth and create a future of abundance. Our guest, Lichee Guo, will reveal the ultimate solution to help you navigate the real estate investing industry successfully and expand your financial planning expertise. Lichee is a tenacious real estate investor and prudent financial planner. Her real estate journey, instigated by a Rich Dad seminar in 2017, led her down a road of growth, knowledge, and financial freedom. Transitioning from a four-unit multiplex to infill development, her portfolio now boasts 11 properties. She transformed her hardships into learning experiences, only to emerge stronger and more knowledgeable. Her diversified experiences also led her towards holistic financial planning. Lichee now provides her clients with a comprehensive view, embedding the undervalued benefits of real estate investing into their overall portfolio, ensuring a rounded approach to wealth generation. Be persistent and have a burning desire to get things done. When you firmly believe in yourself and persist, the universe will help you along the way. - Lichee Guo In this episode, you will be able to: Realize the financial freedom achievable through strategic real estate investing. Gain insights on the power of network optimization in maximizing your property acquisitions. Explore the BRRRR strategy as a transformative method of investing in properties. Understand the significant hurdles of real estate investing and how to navigate them. Learn how to strike a healthy balance between your investment pursuits and personal life. Get in touch Lichee Guo https://www.linkedin.com/in/li-guo-88a97323/ This episode has been brought to you in part by Better Mortgage Select - https://bettermortgageselect.ca
This episode is sponsored by Vodafone Business. V-Hub advisers are here to help you achieve your business goals. With specialisms across a range of digital skills, our advisers are ready to assist you with free support and guidance, so your business can thrive in the digital world.Check it out: https://r.vodafone.ie/v-hub-AdvisoryWelcome to episode #177 of Stock Club by MyWallSt. In this episode, Michael O'Mahoney sat down with Brian Feroldi, a renowned stock picker and the author of "Why Does the Stock Market Go Up?" We begin by unraveling the backstory of Brian's financial journey, influenced by his parents' investment missteps, which ignited his passion for finance. Our conversation also delves into the crucial role of a solid financial foundation, inspired by the teachings of "Rich Dad, Poor Dad."As we dig deeper, we explore how Brian's healthcare background uniquely shaped his path in the world of investments, shedding light on his transition from healthcare management to a thriving career in the medical device industry. Learn how his healthcare expertise provides a distinct advantage in the world of investing, and how Warren Buffet's concept of circular competence can be applied across various industries.In the latter part of our discussion, Brian shares his invaluable investing checklists and overlooked metrics in making sound investment decisions. We explore investing in technology and healthcare stocks, his preferred financial commentators, the significance of valuations, and emerging megatrends.
Robert Kiyosaki, entrepreneur, businessman and author of the book, Rich Dad, Poor Dad," joins Seth for the full hour to talk about the economy, and Marxism. See omnystudio.com/listener for privacy information.
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About Graeme Carling Graeme Carling, a self-made entrepreneur and visionary leader, defied the odds by transforming from a school leaver with no qualifications to one of Scotland's largest private residential landlords. Together with his wife Leanne, they have not only excelled in property but also diversified into acquiring and consolidating businesses across sectors.Graeme's expertise and insights make him a sought-after investor and non-executive director in international markets. Through The Carling Group, their family investment office, they hold interests across the UK, Europe, the Middle East, and the USA. Graeme is also a dedicated philanthropist, supporting charities like Caudwell Children and JDRF.About this EpisodeEver wondered how a school dropout builds a property empire? In the latest Matrix Green Pill podcast, meet Graeme Carling, a self-made entrepreneur and one of Scotland's largest residential landlords. His journey from no qualifications to business success is a testament to tenacity.He shares his candid story, including the turning point inspired by 'Rich Dad, Poor Dad.' Graeme discusses quitting corporate jobs, innovative property strategies, and their shift into business acquisitions. Their expansion into the UAE and tackling UK housing shortages are also highlighted. This episode is a valuable guide for aspiring entrepreneurs and a fascinating peek into Graeme's journey with The Carling Group.Quotes3:36 – I couldn't see myself being just an employee. Within me, I wanted more, but I just didn't know how to get there.4:06 – I started my own business in the early 2000s. And they were really steep learning curves – I had three failed businesses by the time I had to go back to mainstream employment.6:00 – It took me a few years to be able to restart my own business, but what I did in the meantime was immerse myself in financial education.13:47 – Setting goals is like a journey. Once you reach one, just aim for the next. Keep moving forward, one goal at a time.25:52 – If there was one thing I could go back in time and change, I would have started earlier than I did. Starting earlier meant I would fail earlier and therefore learn earlier. Useful LinksWebsite: https://www.thecarlinggroup.com/Instagram: https://www.instagram.com/graemecarlingofficial/LinkedIn (personal): https://www.linkedin.com/in/graeme-carling/LinkedIn: https://www.linkedin.com/company/the-carling-groupTwitter: https://twitter.com/GroupCarlingThe Matrix Green Pill Podcast: https://thematrixgreenpill.com/Please review us: https://g.page/r/CS8IW35GvlraEAI/review
In this episode, we invited Richard Canfield to share smart money moves to build and safeguard your wealth for today and generations ahead. Discover the importance of financial coaching and leveraging the Kolbe A™ Index for entrepreneurial success. Hit that play button to learn more! Topics on Today's Episode Advantages of joining strategic coaching programs Why it's essential to manage your energy at work and your finances Kolbe A™ Index: What it is and why should you get it done? The importance of family financial meetings An interlink between money, time, and experience Resources/Links mentioned Rich Dad's CASHFLOW Quadrant by Robert T. Kiyosaki | Kindle and Paperback Strategic Coach Who Not How by Dan Sullivan and Benjamin Hardy | Kindle and Paperback 10x is Easier than 2x by Dan Sullivan and Benjamin Hardy | Kindle and Paperback Kolbe A™ Index Nelson Nash Nelson National Institute The Brower Quadrant by Lee Brower | Paperback Cash Follows the Leader by Richard Canfield and Jayson Lowe | Kindle and Paperback Becoming Your Own Banker by R. Nelson Nash | Paperback Discover the secrets to consistent cash flow and uninterrupted compounding by grabbing your FREE copy of The 7 Simple Steps To Becoming Your Own Banker. Visit 7steps.ca and take control of your financial future today! About Richard Canfield In 2009, Richard's life changed completely when he read the book Becoming Your Own Banker, Unlock The Infinite Banking Concept by R. Nelson Nash. He knew this was what he had been looking for all his life. Nelson Nash became his personal friend and mentor, and Richard and his team now teach his powerful message of financial hope and control to North Americans. As an Amazon Bestselling Author, Podcast Host, and Authorized Infinite Banking Practitioner, Richard is passionate about putting people in the driver's seat of their financial life and creating durable, dependable, generational wealth. They work with families, business owners, and Real Estate Investors to strategize how they can keep more of the hard-earned money that flows through their hands over a lifetime. Connect with Richard Website: Wealth Without Bay Street Podcast: Wealth Without Bay Street | Apple Podcast Want to invest alongside the Kahuna Investments team? Save your spot in our upcoming webinar, where we discuss how you can join our Private Investor Club and get access to our deal rooms exclusively. Now's your chance to start apartment investing, so visit kahunainvestments.com/webinar to register! Take the first step towards financial success by learning more about Kahuna Investments, and if your investment goals align with our formulas and approaches – book a short 15-minute Virtual Coffee call with us at kahunainvestments.com/coffee today! Are you ready to experience the cash flow life? Just text “BOOK” to (480) 500-1127 to get a FREE copy of Corey's book, Copy Your Way to Success, and learn how apartment investing can change your life today! Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard, please leave a review on iTunes.
Are you curious about the profound connection between reading and success? In this engaging episode, we delve into why some of the world's most accomplished individuals are avid readers and how books can empower you on your personal and professional journey. Join us as we host Nick Hutchison, the author of "Rise of the Reader: Strategies for Mastering Your Reading Habits and Applying What You Learn." Nick is not only a celebrated author but also the visionary founder of BookThinkers, a dynamic 7-figure digital marketing agency dedicated to serving mission-driven authors. Whether you're a devoted bookworm or someone who hasn't picked up a book in a while, this episode promises to illuminate the incredible ways in which reading can elevate your life. Episode Highlights: Discovering the Power of Books: Nick shares his personal journey of transformation through reading, from his unlikely start as a non-reader to becoming a book enthusiast. The Turning Point: Learn how Nick's life changed during his senior year of college when he heeded advice to switch from music to business podcasts during his commute. Many successful guests on these podcasts credited their achievements to books, sparking Nick's awareness of his untapped potential. The First Book: Nick discusses the pivotal moment when he picked up "Rich Dad, Poor Dad" by Robert T. Kiyosaki and Sharon Lechter. This book played a crucial role in his personal development journey, especially as a senior business student, helping him overcome financial literacy insecurities. Becoming a Leader: Witness Nick's transformation from a passive observer to an active participant in discussions about personal development and business topics, all driven by his newfound love for books. If you're eager to explore how reading books can transform your life, don't miss this enlightening episode. Don't Forget to Subscribe for More Inspirational Content! Connect with Nick:https://nickhutch.com/https://www.instagram.com/nicklovesbooks/https://bookthinkers.com/https://www.amazon.com/dp/B0CHF8VBYW?ref_=cm_sw_r_cp_ud_dp_VSCEVWMY7H8DT9ZD5QKB Achieve your next level with Relentless Goal Achievers: https://relentlessgoalachievers.com/opt-in Join the Arsenal and unlock your free gifts here:https://www.relentlessgoalachievers.com/arsenal-welcome Connect with Eric: Be sure to connect with me in the Relentless Goal Achievers' Podcast Community Facebook Group: https://www.facebook.com/groups/rgacommunity Learn more about our services: www.TheGoalGuide.comImprove your sales and stay connected – Free Gifts Here https://shor.by/TheGoalGuideCheck out cool swag and shirts here: https://shopthegoalguide.com/collections Timestamps:0:00 - Intro1:18 - Where did your love of books come from?3:14 - The first book5:42 - How much do you retain from the books?7:06 - Favorite quote9:00 - BookThinkers13:15 - Reviewing books to creating your own company22:20 - Retaining information from books31:39 - 2nd favorite strategy34:31 - How books can change your life37:15 - Reading process41:20 - Conclusion
I read this book 10 YEARS AGO!!! Can you believe i am Gen Z... honestly it's getting embarrasing. Anyway, I really wanted to do a summary of Rich Dad, Poor Dad by Robert Kiyosaki. Iconic money and personal development book. This book set foundations for how I saw money and life ongoing and looking back most likely had a big impact on financial and career decisions I made. In this episode I review the good and the bad of these financial foundations...Keen to learn more about personal growth, career and money? Find me on Instagram or Tik TokWant to achieve your financial goals?Use my financial planner hereThanks so much for your support and listening it means so much to me. Please leave a rating or review if you're enjoying and we will chat in the next episode.Want to get in touch firstname.lastname@example.orgDISCLAIMER:The OneUp Project is an educational platform that provides information that is general in nature. There may be opinions or an individuals experience within this resource that should not be considered as recommendations or personal advice. Everyone's financial situation is so different and you must use the information within this resource at your own risk. Please complete your own due diligence before making any decisions based on the information in this resource. I am not a financial advisor and if you require expert advice please seek advice from a professional.
Join Justin Konikow on the Prime People Podcast as he dives deep with Rob Pelchat, a seasoned personal trainer turned real estate aficionado. Hailing from Windsor, Ontario, Rob's journey from being a top-performing PT to a Canadian National Awards recipient showcases his relentless drive. Now, as a part of Prime Real Estate Brokerage, Rob shares his "World Class Sales Insights" on how to achieve success in real estate, especially for those in their first year and beyond. Discover Rob's passion for real estate, ignited by the influential book "Rich Dad, Poor Dad", and learn from his experiences in buying, renovating, and selling homes. With a unique blend of discipline from his days as a Divisional Manager and his unwavering commitment to professionalism in real estate, Rob promises not just world-class service but also a fun and memorable journey. Whether you're a budding real estate agent, an entrepreneur, or someone looking for top-tier sales insights, this episode is a must-listen!HAVE A VIDEO IDEA? TELL ME!
Welcome back to another episode of The Darin Batchelder Multifamily Real Estate Investing Show! On today's episode, we have a special guest joining us, the one and only Justin Dixon. Justin is a real estate investor who shares his journey and insights into the world of investing. In this episode, Justin dives into his experience finding deals that make financial sense and how he believes the current market presents great investment opportunities. He discusses the impact of interest rates and the parallel between the residential and commercial markets. Justin also shares his story of how he got started in real estate investing, from stumbling upon the book "Rich Dad, Poor Dad" to making strategic decisions to build wealth. Throughout the conversation, Justin offers practical advice and tips for both passive and active investors. He emphasizes the importance of education and finding trustworthy individuals in the industry. Plus, he brings up various options for retirement savings and the benefits of investing in tangible assets like real estate. But that's not all! Justin shares his thoughts on diversification, exploring short-term rentals, and his insights on the future of office spaces. He also opens up about making the decision to downsize their lifestyle and the challenges they faced among friends who followed a different path. So grab a pen and paper because this episode is packed with valuable information and incredible stories. Get ready to take notes as Justin Dixon takes us on his journey through the world of real estate investing. Let's dive in! For links and resources discussed in this episode, please visit our show notes at https://darinbatchelder.com/Investing-in-Real-Estate
Jason welcomes his business partner, Ken McElroy, who is known for his books in the Rich Dad series and his expertise in multifamily real estate. They discuss various topics, including the impact of the Federal Reserve's interest rate increases on commercial real estate, the challenges faced by different real estate asset classes, and the dynamics of the multifamily market. Ken emphasizes that affordability issues are affecting the rental market, and they predict a slowdown in new construction in the coming years. They also debunk the idea of easily converting office or mall spaces into residential units. Stay tuned for valuable insights into the real estate market and part 2 of the interview on our next episode. #RealEstate #Multifamily #MarketInsights #FederalReserve #Affordability #Construction #RealEstateTrends #PropertyValues #Investment #EconomicAnalysis Key Takeaways: Jason's editorial 1:24 Join The Collective Mastermind Event in the Bahamas this November 1:59 Don't be fooled by the clickbait or fake news or the fear porn 3:32 Scrutinizing numbers; monologue versus the dialogue media 8:06 Where's the negative equity 12:34 Join our Empowered Investor Pro group 13:21 Federal Housing Financing Agency (FHFA) Map Ken McElroy's interview 14:17 Welcome Ken McElroy 15:13 Update on the commercial real estate class 19:50 Misconceptions, distorting statistics and construction woes 25:21 "Skate to where the puck is going" 27:28 Converting malls, office and hotel buildings to residential 30:56 Solving the housing affordability issue Mentioned: Ivy Zelman https://www.zelmanassociates.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Coach JDew and Jesse Durham walk and talk thru Robert Kiyosaki's book: Cashflow Quadrant. They discuss their backgrounds and future goals as relates to Kiyosaki's "Rich Dad" theories. Want to talk with us? Schedule a call now. Infinite Banking Book Report Cashflow Quandrants.mp3File Size: 18806 kbFile Type: mp3Download File [...]
Ever have interest in being an entrepreneur!? Kacee with Angel Light is looking for three passionate women with a can-do, positive attitude, go-getters by nature—who want some of the best training around for entrepreneurship, door-to-door sales!!! DETAILS— ⁃ PAYMENT | $25 - $44/hour cash (No less, but potential to earn more - the most someone has earned yet is $88/hour!) ⁃ You sell candles and spa products ⁃ You receive 40% Commission, along with bonuses ⁃ IN ONE THREE DAY WEEKEND, selling 6 hours each day, you'll earn minimum $450 up to $800 cash ($800 is Kacee's average—you could earn even more!) ⁃ Testimony: Kacee recently created just over $6,100 in 57 hours total (Over the course of 14 days, walking slow) ⁃ You're paid cash, directly following the weekend ⁃ Must be a US Citizen or have a work visa to apply ⁃ TRAVEL | The team travels to a nearby city Kacee selects and sells for 3-4 days over the weekend ⁃ Angel Light pays for lodging and a $30 stipend for dinner each night ⁃ Angel Light | IG @angellightspa | www.angellight.online or www.beautyismagazine.com The skills you'll learn will set you up for success, and the money you gain is simply a bonus. In the words of Robert Kiyosaki in Rich Dad, Poor Dad — “Don't be addicted to money. Work to learn, don't work for money. Work for knowledge.” Come learn how to be an entrepreneur with Kacee!
Exciting opportunity for small to medium business owners employing 5-30 team members. Are you ready to learn, grow, and invest in your ongoing development? Don't miss out on our latest podcast featuring a special guest who shares invaluable insights for business success. In this episode, Troy asked Brian Will, the founder of Brian Will based in United States of America, the final five questions: What does Brian think is the most challenging aspect of expanding a small business? You're going to have to check your ego and get out of your own way if you're going to grow because the reality is that if you're growing your first business, you don't know what you're doing. Brian acknowledges that this can be difficult, but he emphasizes the importance of it. And that's why you need a coach and a mentor.” Brian's favorite business book is a. Rich Dad, Poor Dad, and b. Blink by Malcolm Gladwell, and c. the E-Myth. Additionally, he emphasizes the value of lifelong learning by encouraging readers to read books and listen to podcasts that can advance their knowledge whether or not they hold a degree. Regarding professional development, Brian finds immense value in listening to positive business podcasts including podcasts by Bradley and Ed Mylett that discuss how to grow, and how to keep yourself out of trouble. Brian suggests an effective tool for small business growth is mastering accounting, getting a good mentor, and a good CRM system. He also has tools that he developed for his business that allow him to track everything inside the restaurant chain. The last thing Brian would tell himself if he could go back in time is to be patient and to keep going no matter how many times he falters since, in the end, there will always be fruit in all hard effort. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.
Lisa Song Sutton is a multi-talented entrepreneur, real estate and venture investor, beauty pageant titleholder, attorney, and former congressional candidate.In this episode, Lisa shares how she launched a startup selling alcohol-infused cupcakes in Las Vegas while still practicing law; how she used pageantry to make an impact in her community; her health and fitness regimen; and how she generates "mailbox money" from her independent mini-mailbox store.Lisa also speaks about:-The best ways to start a side hustle while still working a W-2 job-The importance of "operational partners" in her business journey-How people are attracted to fit bodies because it demonstrates commitment and discipline-Undergoing a custom biohacking treatment involving stem cells and exosomes-The costs and benefits of stem cell treatments-Her journey from real estate agent to investor and brokerage owner-Her venture capital fund, which invests in early stage technology companies focused on national security-Starting independent mailbox rental stores after being frustrated with the auto-renewal of her mailbox rental-The power of unconventional asset classes like wine and watchesLisa's charitable cause:Nevada Policy Research Institute, whose mission is to "effectively promote policies that encourage free-market solutions, protect individual liberties, and eliminate unnecessary governmental restrictions on the citizens and businesses of Nevada."Books mentioned in this episode:Rich Dad, Poor Dad by Robert KiyosakiTribe Of Mentors: Short Life Advice from the Best in the World by Tim FerrissInvesting in Liquid Assets: Uncorking Profits in Today's Global Wine Market by David SokolinLisa's Mailbox Store Course:https://www.mailboxmoneycourse.com/Connect with Lisa on socials:https://www.instagram.com/lisasongsuttonhttps://www.facebook.com/lisasongsuttonhttps://www.linkedin.com/in/lisasongsuttonhttps://www.lisasongsutton.com
How can you achieve financial freedom through multiple income streams? In this episode of The Academy Presents: Real Estate Investing Rocks, we welcome Cal Ewing. Cal discusses the differences between investing in oil and gas versus real estate, the risks associated with each type of investment, and the importance of diversifying investments. He shares how to remain disciplined with capital events and budget out money well Join Angel and her esteemed guest touch on the need for multiple income sources when investing in real estate to ensure financial freedom. Tune in now as Cal shares his advice about investing in real estate and achieving financial freedom through multiple income streams! [00:01 - 02:56] From Oil And Gas To Real Estate Investing Angel welcomes back, Cal Ewing! Cal is the Principal owner of 49th Parallel Properties He shares his background and experience in the oil and gas industry [02:57 - 09:43] Exploring The Boom And Bust Of Oil And Gas Investing He read Rich Dad, Poor Dad by Robert Kiyosaki which shifted his mindset towards real estate investing His goal was to become a real estate investor and gain financial freedom Investing in the States and teaching Canadians how to buy foreclosures in Las Vegas Friends invested in real estate after dry hole, showing it still has value [09:44 - 14:53] Understanding The Fundamentals And Managing Cash Flow Oil and gas is a boom and bust Oil companies can be rehabbed by buying wells or failing companies and selling them off for a windfall Real estate is easy to understand and the numbers are simple for average investors Multifamily is an amazing wealth builder, but not enough to replace income with just 5-6 properties [14:54 - 20:55] Closing Segment Cal shares why mortgage notes are a great way to accelerate growth while still having a stable income! Tune in to this episode to learn more about Cal! Tweetable Quotes: “It's important no matter what you do a to invest in things that people are going to need for a long time.” – Cal Ewing “My main investing strategy now buying mortgage notes. And so, I work for a private lending company. I like the stability of having an income. So, it's more about accelerating my growth by being able to put that money aside and just keep acquiring cash-flowing assets right now.” – Cal Ewing You can connect with Cal Ewing through: Website: Talk With Cal Ewing Website: Cal Ewing YouTube: @CalEwingRealEstate Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
What is the importance of skill stacking and capital raising? In this episode of Weiss Advice, we welcome Josh Appelman. Josh Appelman is a successful entrepreneur who has established and grown several multi-million-dollar businesses, earning recognition such as a five-year run on the Inc. 500/5000 list. He possesses vast experience in real estate, managing a diverse portfolio of properties ranging from apartment complexes to self-storage facilities.Tune in to this episode as Josh gives his advice on skill stacking and capital raising![00:00 - 01:42] Opening SegmentWe welcome, Josh Appelman!Josh is a full-time real estate professional[01:43 - 23:44] Combat Interest Rates With Conservative UnderwritingStart small with a duplex or quadplex to learn the transaction processEducate yourself on what makes a good deal and buy the rightManage issues and problems, tweak systems, and evolve as a businessBuilding local presence through networking and community outreachRebuilding communities by renovating units and making it a better place to liveLocal governments offer grants, tax abatements, and opportunity zones to help growth[23:45 - 30:10] THE FINAL FOURWhat's the worst job that you ever had?A warehouse job What's a book you've read that has given you a paradigm shift?“Rich Dad, Poor Dad” by Robert KiyosakiWhat is a skill or talent that you would like to learn?Skill stackingWhat does success mean to you?Josh says, “Do what you want when you want, how you want, and where you want.“Connect with Josh Appelman: Calendly: Schedule A MeetingLinkedin: Josh AppelmanTikTok: @josh_appelmanInstagram: @josh_appelmanLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“Combat the interest rates with underwriting conservatively and buying properties based on cash flow, based on what works, and know your business plan, know your exit strategy, work from the end in mind.” – Josh Appelman“People give up right when it doesn't work for them. Instead, take it one step further and submit a price that does work and give reasons why.” – Josh AppelmanSupport the show
Dave Rubin of “The Rubin Report” talks to “Rich Dad, Poor Dad” author Robert Kiyosaki and Ann Atkinson, former executive director of the Lewis Center at Arizona State University, about the controversy surrounding a speaking event they participated in at the university, which led to backlash from faculty and administration. Kiyosaki and Atkinson describe the intimidation and threats they faced, as well as the subsequent investigation by the Arizona state legislature. They express their concerns about the suppression of free speech on college campuses and the need for a more open and tolerant environment.
Summary:When you're writing a book, songwriting is probably one of the farthest things from your mind. How could they possibly be related?In this episode, Robin is joined by an award winning songwriter and author, Kevin Griffin, who says the two are not only related, but deeply intertwined. In a riveting discussion, Kevin shares how his experience in songwriting influenced how he wrote his book. They discuss the power of brevity, and his inspirational legends, both in literature and song. He shares key lessons he learned and invaluable pieces of advice that apply to both songwriting and writing a book, or any other piece. Key takeaways:How songwriting influenced his bookThe power of brevityThe artists and works that inspired himKey advice for young writersHow to use others' work to inform your ownThe “crockpot” approach to writingThe key to collaborating And more!Resources mentioned in this episode:Rich Dad, Poor Dad, by Robert Kiyosaki and Sharon LechterWho Moved My Cheese?, by Spencer Johnson, MDThe Go Getter, by Peter B. KyneReading Like a Writer, by Francine ProseScrivener SoftwareAbout Kevin Griffith:Kevin Griffin is an award-winning songwriter, producer, and performer whose songs have sold in excess of eighty million copies and been streamed over a billion times. He is best known as the singer and founding member of the platinum-selling rock band, Better Than Ezra. He has written numerous #1's and had songs performed by artists such as Taylor Swift, Train, Sugarland, Dierks Bentley, Christina Perri, Hunter Hayes, James Blunt, and many more. He is a co-founder and partner in Pilgrimage Music & Cultural Festival located in Franklin, Tennessee, and has served as a writer-in-residence at NYU's Clive Davis School of Music. Griffin lectures internationally on creativity to groups and companies ranging from Live Nation, Google, Spotify and Disney to Nike, YPO/WPO and Salesforce. In his book, The Greatest Song: Spark Creativity, Ignite Your Career, and Transform Your Life, Griffin uses a fictional narrative to share ideas that can be used by anyone, anywhere, to transform their career and their life.
Why is important to have team building and community among team members? In this episode of Weiss Advice, we welcome Bryant Dawson. Bryant is a former oil industry project manager turned real estate investor. He has built a massive rental portfolio with no end in sight. Bryant has a passion for helping others achieve their real estate investing goals through creative financing.Bryant talks about how to add value to properties, how they underwrite deals, and how interest rates affect their investments.Tune in to this episode as Bryant shares how team building and community among his teammates![00:00 - 01:21] Opening SegmentWe welcome, Bryant Dawson!Bryant is the CEO of Ingram Capital[01:22 - 21:12] Crushing It In Real EstateTransitioned into fixing and flipping single-family housesCollaboration is the world's biggest currencyDriving for dollars, broker relationships, and off-market deals to find propertiesInvesting in all cycles with spreads in every marketFocus on creating a culture and community within the team[21:13 - 28:43] THE FINAL FOURWhat's the worst job that you ever had?Worked as a dishwasherWhat's a book you've read that has given you a paradigm shift?“Rich Dad, Poor Dad” by Robert KiyosakiWhat is a skill or talent that you would like to learn?Get a private pilot licenseWhat does success mean to you?Bryant says, “Success from my side is having time and freedom.“Connect with Bryant Dawson: Website: Ingram CapitalLinkedIn: Bryant DawsonFacebook: Ingram Capital, LLCLEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“Collaboration is probably the world's biggest currency that we don't really value at this moment but collaboration is definitely a currency.” – Bryant Dawson“Your biggest asset may become your biggest liability.” – Bryant DawsonSupport the show
One of the blocks to wealth that we experience is called the Intelligence Block. This happens when you believe you are not smart enough or you don't know enough to be wealthy, so rather than take action toward wealth, you either hide behind the lack of knowledge (a really great excuse!) or you take education program after education program but you still never take action. If you can relate to being a personal development junkie, you may very well have this block! _________________________________ Here are links to Erin's fave books: Rich Dad, Poor Dad The Alchemist The Four Agreements Compound Effect Money: Master The Game Unshakeable Awaken the Giant Within Believe It _________________________________ What is your Money Block? Take the quiz at nakedmoneymeetings.com and find out. Click here to get your copy of Naked Money Meetings or support your local independent bookstore. Take the online course - https://shorturl.at/nrtJN (includes discount for listening to the podcast). Share this podcast with a friend! It's the very best way to help us grow. Thank you for listening. Connect with Erin and find more links here: https://linktr.ee/erinskyekelly If any of the links provided here receive affiliate commissions, it goes to support sponsoring people into the Get the Hell Out of Debt online program who otherwise could not attend. You are changing lives!
Today, we're exploring the ins and outs of seller financing and how you can use it to close deals while prioritizing people over properties with Jeff Stephens. Become a thoughtful real estate entrepreneur by learning his tips on acquiring, marketing, and more!WHAT YOU'LL LEARN FROM THIS EPISODE What it means to be a thoughtful real estate entrepreneurOne of the main roles of marketing and how Jeff approaches sellersThe most essential criterion when buying properties with seller financingBenefits of having a great business coach An overview of the supercharged seller financing methodRESOURCE/LINK MENTIONEDDiscover the ins and outs of buying properties using seller financing with Jeff's FREE video training session! Sign up to get access to this valuable content at https://sellerfinancing-101.com/optin1669905082855 ABOUT JEFF STEPHENSJeff Stephens has been a full-time entrepreneur since 2003. He started and ran a marketing agency for ten years, specializing in brand strategy for community banks and credit unions. In 2006, he discovered “Rich Dad, Poor Dad,” which changed his life. He immediately began devouring education about real estate investing and quickly bought his first rental property—a triplex in Portland, OR. In 2013, Jeff sold his marketing agency and transitioned to full-time real estate entrepreneurship.CONNECT WITH JEFFPodcast: Racking Up Rentals: https://apple.co/45umY7KFacebook: The Thoughtful Real Estate Entrepreneur: https://www.facebook.com/thoughtfulre CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at email@example.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!
Episode #253Are you living the life you truly want or are you just hiding behind a façade of busyness? Today, Ryan confronts this uncomfortable truth head-on. Guided by insights from Robert Kiyosaki, author of 'Rich Dad, Poor Dad,' Ryan dissects the epidemic of busyness plaguing our society, reflecting on a shocking 2018 Pew Research study that reveals a staggering 60% of adults often feel too swamped to enjoy life. All too often, we're burying ourselves in tasks and activities as a way to avoid facing our fears and tackling life's difficult decisions. In this compelling discussion, however, we're not just diagnosing the problem; we're offering solutions. We explore how a dash of intentionality can make an enormous difference in your day-to-day life, and how setting the right tone for your day can lead to improved decision-making and relationships. We're giving you tangible ways to identify your true priorities and escape the busyness trap. Most importantly, Ryan challenges you to question whether you're busy with the things that truly matter. Don't let busyness become your excuse. Join Ryan, and let's accelerate the journey towards a more fulfilling, intentional, and truly productive life.Watch this episode on YouTubePew Research ArticleMORE FROM RYAN:Get your FREE DOWNLOAD 21 Days to a Spirit-Led Life to learn how the Holy Spirit can be your personal guide through today's cultural chaosSubscribe to Cutting Edge Faith on YouTubeConnect with Ryan on Instagram or LinkedInSubmit a question or topic for the podcast at ryanshoward.com/contactGet Ryan's eCourse & Coaching Programs
Today's guest is Paul do Campo Paul is a Investor with an active income as a copywriter, creating marketing systems and sequences for investors. Show summary: In this episode, Paul do Campo discusses the significance of building relationships in the real estate industry. He emphasizes the need for personalized communication and shares his journey from wholesaling to becoming an investor and copywriter. Paul explains the psychology behind building relationships with investors and recommends using channels like email marketing to establish a personality-driven marketing approach. He also discusses the importance of authenticity in writing, citing examples from Stan Lee's success in Marvel Comics. -------------------------------------------------------------- [00:00:00] Intro [00:00:58] Paulo's Journey from Pipeline Construction to Copywriter [00:09:41] Marketing to Investors through Personality-Driven Marketing [00:10:57] The importance of seller lead acquisition [00:11:59] The role of automation in real estate marketing [00:16:27] The messaging mistake of sounding too robotic [00:20:20] The Journey of Stan Lee [00:21:21] Applying Authenticity in Business [00:22:15] Closing -------------------------------------------------------------- Connect with Paul: Web: www.reiOmnidrip.com Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → firstname.lastname@example.org SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: 00:00:00:01 - 00:00:24:05 Paul do Campo When you have a repeat transaction type business, I mean, you're going to sell. You're not going to sell one deal to investors. You might sell a second or a third deal. Hopefully that same investor, if he has a good experience with you. Yep. Now, that type of business requires relationship, acquirer requires procedure, rather than just like trying to trying to win the quick trying to, you know, butcher the kill and the one time thing and forget it and lay them to the curb. 00:00:24:06 - 00:00:34:20 Paul do Campo Right. So you so yeah, again, automation kind of slightly removes that, that relationship into when you're especially connecting with investors. 00:00:35:01 - 00:00:55:24 Sam Wilson Welcome to the How to Scale Commercial Real Estate Show whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Part of Campeau is an investor with an an active income. As a copywriter, he creates marketing systems and sequences for investors. Paul, welcome to the show. 00:00:56:14 - 00:00:58:06 Paul do Campo Awesome man. Appreciate you having me on it. 00:00:58:10 - 00:01:05:10 Sam Wilson Absolutely. Paul, there are three questions I ask every guest who comes on the show in 90 seconds or less. Can you tell me, where did you start? Where are you now and how did you get there? 00:01:06:16 - 00:01:46:13 Paul do Campo All right. That's a long story, but how and where? When did I start? So back in 2015 started like everybody else was rich, had a poor dad, dove into the rabbit hole in bigger pockets dot com, all that sort of wholesaling. I was doing direct mail, lots of direct mail the time not this is my first entrepreneur venture going from going from working as a pipeline construction welder foreman in the utility business, natural gas utility and then moving into a whole different world of sales, marketing, business processes and systems. 00:01:46:22 - 00:02:15:09 Paul do Campo So when you jump into that, I mean, it's not it's never a clean, smooth transition. Transition. It's never, oh, I got to figure it out at least for at least for me. Anything new like that has never been a smooth, clean transition like that. And so I learned a lot back then. I, now I slowly, I mean, long story short, slowly started transitioning into flipping land, which did well for me, flipping land to notes, flipping mobile homes into notes as well. 00:02:16:09 - 00:02:43:08 Paul do Campo While I was doing that, I kind of accidentally fell upon another rabbit hole, which was corporate investor care. It became was my first client. I was in a lot of the concierge clients type of type of working on the phone with their clients, building out their pages for them, and then kind of slowly transitioned from that to being a full time copywriter, active, full time copywriter for clients in the space. 00:02:43:08 - 00:03:30:08 Paul do Campo And I say space, I mean, software vendors, services coaches, that type of thing. And then creating now today I, you know, I'm still investor and passive investor more so than having a volume business like I used to. I kind of escape that my from that being my active income to my activism as copywriting into passive income meaning I'm just looking I'm always looking for cash flow deals and those investing with local flippers around here or buying a deal, they find a and today I have my own offer that I sell to investors, which is basically taking all my knowledge of copy and and I merged together creating a, a complete follow up automated system in 00:03:30:08 - 00:03:46:23 Paul do Campo their CRM, everything from all the tactics and techniques of copy that I've done over the years and, and all the sequences into an actual system for follow up rather than just like a couple handful of drip, drip sequences that don't really mean much. 00:03:46:23 - 00:04:16:08 Sam Wilson So right now I'm inter, I'm interested. I mean, how did how did you figure out that? Because we I didn't quite hear the spot where you went from working. We say with pipeline construction. Yeah, work in pipeline construction to a copywriter. Those seem to be two totally different skill sets. Figure out that, hey, I'm actually a really good copywriter and maybe I can let welding go, right? 00:04:16:08 - 00:04:45:03 Paul do Campo Absolutely. You know, I actually enjoyed well, I actually enjoyed that job. It was. But there was limitations to it. I really hated just working for the man. Like I just just every day having to do, you know, knowing that, know, I really don't have that much freedom. And knowing that I have to if I want to go out on vacation, I got to grovel to somebody to ask for education. 00:04:45:03 - 00:05:08:07 Paul do Campo Right. And then now it was union based, so meaning it's seniority. And I was at the bottom of the totem pole. I was the youngest welder there. And so everybody else, you know, they take all the great time, you know, all this all the great vacation slots, all, you know. So I just I just hated that. And then I also hated I, I used to live in Southern California and a lot of people going to just think this is bizarre. 00:05:08:07 - 00:05:31:20 Paul do Campo But I hated living there. I personal reasons that just we didn't enjoy the weather, the people, the traffic, the congestion we enjoy that. So I was stuck there. I worked utilities. And so there's no way for me to get out unless I get a job somewhere else. And so one year I just decide I need to get out. 00:05:31:20 - 00:05:50:19 Paul do Campo And I was doing some copywriting and had it in my mind every day. I actually kept a card in my pocket that I was going to quit. I didn't know how in know how I was going to do it had I was actually had my own publishing business too. I had a course I was selling, had an email list and but I didn't know how I was gonna do it. 00:05:50:19 - 00:06:11:13 Paul do Campo I had some notes from land and mobile homes as well. And then a client, a couple of clients came by that that offered me a heck of a lot of money. And I took it and I took it. And it was more than more than what I got paid at that company that as a as a welder and. 00:06:11:13 - 00:06:13:02 Paul do Campo Yeah. And I never turned back. 00:06:13:02 - 00:06:34:00 Sam Wilson So so you made it out of Southern California and said, hey, look, I'm now a now a copywriter. What talk to me about the psychology of building, because you're more than just a copywriter. Like it's one thing. And I've employed various copywriters over the years where it's like, you know, I'd record the big idea or talk about it. 00:06:34:00 - 00:06:53:04 Sam Wilson It's like, Hey, this is what I'm talking about. This is the knowledge inside of my head. Now I need this synthesized into something meaningful. That's one copywriting skill set. And I was always impressed when a copywriter can take my ideas that I couldn't really synthesize in anything meaningful and turn it into a beautiful paragraph. Because, yeah, it's exactly what I wanted to say. 00:06:53:12 - 00:07:16:12 Sam Wilson Well done. That's one skill set. But it's another thing entirely to understand the the the psychology and a lot of people on this or that listen to this show are probably struggling, I would imagine. Maybe I'm wrong. I'm just projecting my own struggles, but the investor psychology kind of process, as they come in, they get an idea of, okay, who is that? 00:07:16:14 - 00:07:30:14 Sam Wilson What is it that you do? What's your business like? And then then moving them from that curious onlooker to now I want to invest with you in getting them through those drip sequences. That's a different skill set entirely. How have you built that out? 00:07:31:01 - 00:07:45:19 Paul do Campo Right. So as your your example is more so the target is is an investor is your your trying to get fund, fund or sell deals to them, right? Yeah. 00:07:45:19 - 00:07:54:21 Sam Wilson So well, in this case, it would be it would be an investor looking, looking to get that investor, you know, to be comfortable with us as sponsors and then come alongside invest. 00:07:55:05 - 00:08:25:06 Paul do Campo Yeah. Yeah. So with that, I'm going to say that I think the strongest element for that particular segment, I think it's going to be a relationship rather than, you know, you know, because there's nothing really I mean, it depends on what segment you're going after that's important, right? There's there's market awareness is market sophistication. So if you're if you can spread out your blanket, you're going to get all kinds of people to come on board and give it brand new people that just read Rich Dad, Poor Dad. 00:08:25:06 - 00:08:54:08 Paul do Campo And they're so excited about by buying a deal, but they probably won't. Right? So and then there's the season investors and that's the affluent class or you know, that's so there's a great book and I brought this up in another podcast I was in Dan Kennedy's Marketing to the affluent and and that that is a very interesting group that I'm trying to understand as well better because that's who I market to on the drip is my is my offer, my company. 00:08:54:14 - 00:09:15:06 Paul do Campo We actually when I say create sequences, I'm talking about off market investors who are who have lots of leads to buy to be deals from. Right. So in this case, I would have probably have a long sequence for an investor and said what I what I would do instead is have a channel that I'm consistently marketing to them with. 00:09:15:12 - 00:09:51:23 Paul do Campo I saw somebody has, has took me up on this challenge or not took on this challenge but kind of debated or argued with this idea that, you know, an investor is just looking for a deal. That's true. But it's also not true because you're you're marketing to the fool. And in fluent are more likely to to buy from somebody like rather than price shopping or looking for a deal and and the really good in the case study example of this is Brandon Turner speaking of bigger pockets Brandon Turner's open door capital. 00:09:52:04 - 00:10:16:02 Paul do Campo Right doing the same thing. They're going after investors. And so if you watch their advertising, it's just him. It's his personality. So it's personality driven marketing. So I so I what I'm saying here is, is think about how you can grow the relationship that really puts your personality, that is driven by your personality, and you can do it via email. 00:10:16:02 - 00:10:42:13 Paul do Campo You can do a verse versus social media versus ads like Open Door or in some type of influencer type person like Brandon Turner. My, my, my cup of tea is as email. I love doing email marketing. That's how I that is the channel I've used since 2016 to to build a personality driven marketing channel. So yeah, that's, that's my, my tip for marketing to investors. 00:10:43:05 - 00:11:17:07 Sam Wilson Man. That's cool. I like that. I like that a lot. What did you do? Because I'm looking through here at your your website here, which for those of you who are listening is REIT Omni Trip.com. So REIT omni drip dot com. And it looks like to me one of the one of the things that you've really helped real estate investors work through is I think you said it, but it is with the seller side and that's very important obviously on the commercial real estate side of things as well because we have them as two things. 00:11:17:07 - 00:11:32:15 Sam Wilson We need, we need we need money, we need deals without either one of those. Then we really don't have a commercial real estate business. So it sounds like you work more on the seller lead acquisition and or and getting deals closed side of things is that is that about a fair synopsis. 00:11:33:12 - 00:11:58:19 Paul do Campo Yeah. And that that site you're looking at that offer. Yeah. Just because it was just more of a need for that, it was just a lot of is more likely for when you're creating an offer. You know you got to look at what's what's more likely what's what do you fill in the gap with. So yeah like I mentioned earlier I don't answer for or investors LLC having a very complex type of automation in place. 00:11:59:18 - 00:12:20:20 Paul do Campo I'm a fan of automation, but there's a time and place you don't really need it, like having a rat's nest of all these little things. And so with a like we, we put in place for these flippers and wholesalers, we have 20 sequences in place has because there's there's it's the long sales process all kinds different avenues to go with. 00:12:21:08 - 00:12:44:13 Paul do Campo And these people are dealing with at least 100 leads per month. So you can't follow up with that when somebody has a smaller business and only dealing with with 30 leads per month, it's something that you don't really need a whole lot of automation with or it just gets becomes a rat's nest and then you kind of remove the whole relationship because in commercial business you have the advantage over the guy who's just looking for deals. 00:12:46:01 - 00:13:15:13 Paul do Campo When you're selling to investors. I mean, you have repeat transactions. When you have a repeat transaction type business, I mean, you're going to sell you're not going to sell one deal to investor. You might sell a second to a third deal. Hopefully that same investor, if he has a good experience with you. Now that type of business requires relationship, acquire requires procedure rather than just like trying to try to win the click, trying to, you know, butcher the kill and the one time thing and forget it and lamb to the curb, right. 00:13:15:13 - 00:13:26:10 Paul do Campo So yeah. So yeah. Again, automation kind of slightly removes that, that relationship into when you're especially connecting with investors. So yeah. 00:13:27:14 - 00:13:47:12 Sam Wilson No I hear you man. That, that, that's spot on. And that's one of the things I think in our drip campaigns when an investor signs up for the an investor Club, one of the things that they get early on is opportunities and I think they get them throughout the campaign. But it's instead of, hey, read one more email sequence, it is schedule a call with us. 00:13:47:13 - 00:13:54:18 Sam Wilson Get on the phone with us. Let's get to know each other. Let's talk. It's not just have one way one way communications. I think that. 00:13:54:18 - 00:14:11:20 Paul do Campo So I'm not saying at all to remove any drip or automation. I mean, at the bare minimum, I would have a welcome series that welcome serious goals intentions with us here. What are you trying to achieve? What's the first quote sale you have to make? You know, in your case, it's getting on a phone, getting a phone call. 00:14:12:18 - 00:14:32:06 Paul do Campo It could be it could be driving value by getting in with maybe educating. It can be whatever it is. So a bare minimum. I do have a welcome series. Everybody I think should have some sort of welcome series, but I think it might stop there depending on your business, right? If you have a whole lot of things itself, you're an e-commerce business. 00:14:33:00 - 00:14:46:14 Paul do Campo Yeah, you're going to probably have a little more with complicated segmentation on who's buying what, who's looking what and all that kind of stuff. Because you're dealing with lots of volume of leads coming in. Yeah. So it's all it's all business related, all, you know, case by case. 00:14:46:14 - 00:14:59:18 Sam Wilson So got it. I love it. What's the, what's the, what's the limits to what it is that you're doing and the number of industries that you feel like you can effectively serve? 00:14:59:18 - 00:15:22:21 Paul do Campo That's a good question. I don't know yet. So I know with with Army drip itself. I mean, you know, I've covered people with land and that that buy and sell land and they sell land to the consumer world. They don't really sell land to investors typically. And I've dealt with them. I've bought the build sequences for them. I get my limit. 00:15:22:21 - 00:15:46:02 Paul do Campo You know, I, I don't to, to be transparent. I'm like, I'm there writing for every single client. I built this so it's scalable for me and affordable for everybody. So I built I built it to where I have a library of different messages that fit different people, different scenarios. And then I have a software that pulls that all together so that it creates a sequence for them or the sequences. 00:15:46:02 - 00:16:03:14 Paul do Campo So yeah, if somebody comes in, I don't have any of that stuff, I'd have to either. I have to make a decision and say, Well, am I going to charge them a lot of money to create it? Can I resell it? Can I package it up and resell it if it's a one time thing or I'm never going be able to do anything about it, charge a lot more for it. 00:16:03:14 - 00:16:19:02 Paul do Campo So it's all running by case by case scenario. But if it's a single family resident flipper, wholesaler Def, I mean, that's an easy that's easy not out of the park type of thing. If it's somebody who's doing commercial, that's a little I got to see what I can do with that. 00:16:19:07 - 00:16:25:20 Sam Wilson Right. What do you feel like? The number one messaging mistake maybe people make is. 00:16:27:16 - 00:16:35:14 Paul do Campo Oh, that hey, what? What? Give me some what medium or what what kind of channel are we talking about here? 00:16:37:07 - 00:16:41:05 Sam Wilson Let's say it could be. It could be from the. 00:16:41:17 - 00:17:05:01 Paul do Campo Day I got one. Then that's a similar SMS email. Let's just start with that. I think that that the number one I think is sounding too robotic and h.r. Type. I give this tip a lot and i think people sound like they're they're a lawyer or they're from the department. Right? And so it's just dry, boring. They'll be it. 00:17:05:05 - 00:17:23:23 Paul do Campo So my, my tip to that is, is be a little talk like you're from you know, you're Joe Schmo from down the street talk like a normal person would I mean, you want to write I should say write like a normal person would. You know, you're not right. You're not there's nothing legal that you're writing about. You know, there's you're not a lawyer. 00:17:24:02 - 00:17:59:10 Paul do Campo You're not signing a contract. Right. That you're I should say you're not creating a contract for a you know, so just, you know, you're right, like any other person would. Then we get to evolved into into trying to sound professional that that actually just hurts just hurts you because there's a copywriting principle that that you you don't want here here's a really good analogy is if I if I saw a guy roll up in a in a Ferrari in front of my house wearing a slick suit, and he's coming to knock on my door. 00:17:59:24 - 00:18:24:20 Paul do Campo I have barriers immediately out like you're doing all right, says salesman. You know, he screams Salesman, as you approaches Utah. I have barriers. They come right up because he's put himself in a level that where he's looking down on me now. And so and that's the consumers going to have that. Everybody's going to have that barrier, rather, a guy who rolls up in a beat up pickup truck. 00:18:24:20 - 00:18:42:19 Paul do Campo I'm not I'm not saying this is what you do for your sales process. I'm just putting analogy. Your grows up in a pickup truck, comes knocking on door, kind of like almost like the Columbo type of figure. I don't think they Columbo you're just kind of, you know, just this weirdo, like not weirdo but but kind of aloof. 00:18:42:23 - 00:19:06:17 Paul do Campo And so when somebody rolls up like that, you're and he's now on a lower like level where you're looking down on him instead and, and so you put step of the person the same level as you two. Now it's more comfortable, it's more you're the bears are less. But that's an old negotiation strategy of this guy named Jim Camp. 00:19:06:24 - 00:19:27:17 Paul do Campo So I think I think Chris Voss learned from him. He's Jim Camp is long gone. But his book Start With No it's a great book on negotiation has those principles principles there where you don't you don't have to sound perfect at all. I mean, the soundtrack sound perfectly good works against you, so. 00:19:28:03 - 00:19:34:10 Sam Wilson Yeah. No, that's it. I like it. And what you what I hear you say in there is just be authentic, be yourself like. 00:19:34:10 - 00:19:54:21 Paul do Campo Yeah, and that's that's always yeah. And that's a buzz word lies be authentic. And I think a lot of people have trouble being authentic, which I mean, they try to be somebody else or trying to be authentic, which is like, you know, so and that's a hard thing to do. I get it. So one, one tip tip that I, I do, I write a daily email with my list. 00:19:54:21 - 00:20:29:02 Paul do Campo So, so trying to be authentic is a very Yeah. You know, so I don't try to think about I got to be authentic to be authentic and said there's a really good documentary on on Disney on Disney Channel on Stan Lee. I think if you just type in Stan Lee, you'll find it. So Stan Lee helped you didn't create ma why you're kind of created because he but he worked there at Marvel he was there editor and at the time in the fifties he was at comics where everybody was doing the same thing. 00:20:29:02 - 00:20:50:18 Paul do Campo It was all hate for the trans. For the trans just right when everybody was writing and it sells. Stan Lee changed gears and he started writing what he liked to what he wanted to write about, the sort that interests him. That's where Spider-Man is like what I create teenage superhero and which is art was unheard of at the time, teenage superhero with problems. 00:20:50:18 - 00:21:15:07 Paul do Campo And so he did that. And like Marvel took off after that, they were called Marvel. Marvel at the time. They changed the name after but took off it actually tapped into a new market. And that's been so to get back to authenticity, that's being authentic. So the day I just start, I just kind of write what goes against what everybody says I do, but I just write what what I have interest in at the time. 00:21:15:21 - 00:21:21:03 Paul do Campo And and you're going to hit this, you know, that is kind of being in a way, being authentic. So. 00:21:21:09 - 00:21:50:16 Sam Wilson No, it absolutely is. It absolutely is. Yeah, I like I like that a lot. Yeah. That's a that's a great a great clue. There are hint there, but we can certainly apply in our own businesses. Paul, this has been a lot of fun learning from you today. I love what you've done in the journey you've taken from working on the pipelines to making a business out of copyrighting and sequence building and really, you know, dial in in the back end of a lot of a lot of things that we as real estate investors certainly need and use. 00:21:50:16 - 00:22:14:08 Sam Wilson Thanks for taking the time to break down some of the more mechanics of how you do that, what you look for. You've given us some great book recommendations here start with no marketing to the the fluent the the the documentary called Stanley those are like fun fun things to to dig into there and certainly appreciate your time and expertize here today if our listeners want to get in touch with you or learn more about you, what is the best way to do that? 00:22:15:12 - 00:22:27:07 Paul do Campo Yeah just head over my website WWL dot RC omni com was mentioned earlier You can find me there just send me an email from there and I'll be glad to help and answer your questions. 00:22:27:14 - 00:22:36:15 Sam Wilson Awesome Paul, thank you again for your time. RFI Omni drip dot com. We'll make sure we include that in the show notes. Appreciate it and have a great rest you Debbie. 00:22:37:02 - 00:22:38:00 Paul do Campo Awesome man. Thank you. 00:22:38:07 - 00:22:59:18 Sam Wilson Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts or whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. 00:22:59:18 - 00:23:02:24 Sam Wilson So appreciate you listening. Thanks so much and hope to catch you on the next episode.
Join us at the heart of Hacker Summer Camp for insights into the cybersecurity world! Discover the art of asking powerful questions that can change your career and impact others. Learn how CISOs assess cyber solutions and how startups can win their attention. Uncover the secrets of building connections and value through meaningful inquiries. Don't miss this episode featuring expert advice on navigating the cybersecurity landscape. Special Thanks to our Sponsors: The Chertoff Group: https://www.chertoffgroup.com CPrime: Visit https://www.cprime.com/train to schedule an IT governance workshop to align expectations, capture priorities, and improve effective governance across your entire technology portfolio. Use the code CPRIMEPOD to get 15% off your training course purchase. Transcripts: https://docs.google.com/document/d/1qf9kH9a5rPlK8zaOWXGAp0-E6p7PNNuT/ Chapters 00:00 Introduction 01:49 How to Get More Sales at Blackhat 05:57 How to Differentiate Yourself From the Competition 10:05 How to Solve a Priority Problem 16:07 How to Achieve Bigger Goals Through Accelerating Teamwork 18:13 How to Find a CISO Job 20:30 How to follow a Rich Dad's Advice 22:59 How to Create an Opportunity Not Just for Yourself, but for Others 24:18 How to Create Value for Others 26:20 How to Provide Value to Others 28:21 The Power of Open-Ended Questions as a CISO 32:33 How to Ask Powerful Questions
One area of real estate investing often overlooked is mobile homes. Despite the stigma they've experienced in the past, that is changing--and making buying a home more affordable for many people. In this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Franco Perez, owner and founder of Franco Mobile Homes. Franco is a YouTuber, manufactured home developer and is in the business of breaking the stigma and stereotypes surrounding mobile homes. Jonathan and Franco explore the ins and outs of mobile homes, including the misconceptions people have about them, why it's usually easier to renovate a mobile home than a stick-built house, the younger generation's interest in them, and the value add investors can bring to mobile home parks and communities. Franco also shares why mobile homes could be the key to making home ownership more affordable again. While you may not have considered investing in mobile homes before, Franco's enthusiasm and breadth of knowledge could change your mind. In this episode, you will hear: How Franco Perez became interested in real estate investing after experimenting with a career as a real estate agent Why he's drawn to mobile homes, in particular, the misconceptions people have about them, and some advantages of renting mobile homes Franco's perspective on the housing shortage and why mobile homes may be the key to making home ownership more affordable again His first set of projects and what he's investing in today The value add investors can bring to mobile home communities and why the tiny house revolution helped people reconsider mobile homes as a housing option Why renovating a mobile home in a mobile home park is typically easier than renovating a traditional house The younger generations' interest in mobile homes and what makes mobile homes appealing to them Franco's long-term plans and his recent involvement in opening parks and communities The cost of a mobile home renovation versus purchasing a brand-new one and what loan products are available The moment Franco Perez decided to go into real estate and put his Rich Dad, Poor Dad skills to use How ownership of a mobile home occurs, what you're paying for, and how the stigma associated with mobile homes has changed over the last 11 years The one piece of advice Franco would give to someone who's just getting started Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/059 to download it. Supporting Resources: Franco Perez's website - franco.tv Franco's YouTube channel - www.youtube.com/@weatherduder Find Franco on Instagram - www.instagram.com/francosiliconvalley Connect with Franco on LinkedIn - www.linkedin.com/in/francotv Website - www.streamlined.properties YouTube -www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - email@example.com Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
It was the best of times, it was the worst of times... In this double feature episode, it's a tale of two theaters. Mark regales us with stories from his grimy and skin-crawling AMC screening of TMNT, while Matt brags about his VIP fan event experience at the glossy Whole Foods cinema for the uber-rich & famous like the fancy lad that he is. It's like Rich Dad, Poor Dad... except with movies! Join us as we review Teenage Mutant Ninja Turtles: Mutant Mayhem and Meg 2: The Trench, the first studio outing for arthouse weirdo Ben Wheatley. Does he High-Rise it up, or did Warner Bros. put him on their Kill List and reign him in? Along the way, we also chat a bit about Guardians Volume 3, the Union Square PS5 riot (so timely! so political!), and escapism in movies. It's A LOT. Cowabunga, dudes. Support our show on Patreon: https://www.patreon.com/TheMattandMarkMovieShow . You can get access to fun podcast extras for as little as $1 a month. Visit our Linktree for more ways you can connect with us and connect with our show! Instagram: https://www.instagram.com/themattandmarkmovieshow/ TikTok: https://www.tiktok.com/@themattandmarkmovieshow Merch: https://www.teepublic.com/stores/the-matt-and-mark-movie-show-merch?ref_id=26325 Support our show through Blubrry: https://blubrry.com/services/professional-podcast-hosting/?code=GetRecd Buy Us A Coffee: http://buymeacoffee.com/Mattandmark YouTube channel: https://www.youtube.com/channel/UCzDsxUs9JzL70A1Sh5GbRdw
Robert Kiyosaki is the legendary author of Rich Dad, Poor Dad, the #1 personal finance book of all time.Robert founded Rich Global LLC and the Rich Dad Company to teach people the principles of cash flow, real estate, investing, and business building.In this episode, Robert talks about financial education and empowerment, challenging conventional wisdom, fighting for free speech, and taking charge of your health and wellness.He also speaks about:-How the question of "What does God want done?" led him to abandon a career in music and ultimately write Rich Dad, Poor Dad-The sorry state of financial education in schools and his concern about the influence of Marxism in American education-Why people who did well in school often struggle in the real world-His concern about the Federal Reserve System and how that's changed his investing strategy-The importance of fighting back when your freedom is threatened -How capitalism and environmentalism are not mutually exclusive-Why a college degree is not necessary for success in business-How men are becoming weaker and less successful while women are becoming stronger-The importance of owning gold, guns, and gas (specifically oil)-Preparing for the possibility of a financial crash and societal breakdown-The one business skill you should develop to succeed in any environment, regardless of who is PresidentToday's Sponsor: Podcast Pointman, the podcast consultancy that helped launch this show! Click the link above to take a free quiz matching you with custom tools and trainings to launch or reinvent your podcast, the right way.Robert's charitable cause:Greenpeace, a global network that uses direct action, lobbying, research and protests to raise awareness of environmental issues.Books mentioned in this episode:Tax-Free Wealth by Tom WheelwrightCashflow Quadrant by Robert KiyosakiRich Dad, Poor Dad by Robert KiyosakiThe Creature from Jekyll Island by G. Edward GriffonCritical Path by R. Buckminster FullerConnect with Robert on socials:www.instagram.com/therealkiyosakiwww.richdad.comhttps://twitter.com/theRealKiyosakihttps://www.facebook.com/RobertKiyosaki/https://www.youtube.com/c/TheRichDadChannelhttps://www.linkedin.com › robert-kiyosaki-46b532145