1997 book by Robert Kiyosaki and Sharon Lechter
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What happens when you run the numbers on the Airbnb you're staying in and realize it beats every turnkey rental you toured that day? For Tim Hubbard, it meant walking away from the long term rental deal he flew to Tennessee to find, buying a historic eight-unit apartment building instead, and converting it to short term rentals. That single property went on to earn roughly eight times what it produced as a long term rental, and it set him free.In this episode, host David Richter sits down with Tim to trace the whole journey: discovering Rich Dad Poor Dad nearly 20 years ago, fighting through loan denials as a 1099 contractor to buy a foreclosure fourplex in downtown Sacramento in 2010, house hacking one unit while the other three covered the bills, and 1031 exchanging his way into bigger buildings and better markets.Today Tim runs roughly 65 units, 45 of them short term rentals, from South America, where he's lived for nearly a decade, first in Colombia and now in Brazil. He's also weeks away from opening the first phase of a boutique resort in Colombia and leads Corzly, a core operating center that handles revenue management, 24/7 guest communication, and marketing for short term rental owners and property managers in more than 40 cities.Tim doesn't sugarcoat the 2026 short term rental market: it's more competitive, guest expectations are higher, and owners still pricing like it's two years ago aren't getting booked. This conversation is a masterclass in reading supply and demand, finding the luxury edge, and building operations that let the profit actually reach you.Episode Highlights[1:01] – David welcomes Tim Hubbard, short term rental investor and host of Short Term Rental Riches[1:50] – Discovering Rich Dad Poor Dad young and buying a first property within about two years[3:50] – The 2010 foreclosure fourplex in downtown Sacramento: FHA loan, 1099 income, and repeated denials[5:16] – House hacking one unit, renting out three, and cash flowing from day one[6:25] – 1031 exchanging four units into nine in a better appreciating out-of-state market[6:59] – The Tennessee light bulb: the Airbnb he rented penciled far better than the turnkey rentals he toured[7:43] – Buying a historic eight-unit building and spending a year converting it to short term rentals[9:12] – The eight unit that earned eight times more and funded a move to South America[10:19] – Tim's 2026 portfolio: 65 units, 45 short term rentals, and a boutique resort under construction in Colombia[11:58] – How managing properties virtually from abroad grew into Corzly, now operating in over 40 cities[13:21] – Why centralized revenue management and 24/7 guest teams beat hiring locally for small portfolios[17:13] – The seasonal hybrid play: nightly rates in high season, monthly rentals in the off season[18:14] – Tim's biggest lessons: leave for better returns, and think twice before long-timeline projects[20:43] – Advice for new investors: verify supply and demand with a tool like AirDNA before buying anything[22:25] – Why unique luxury properties now have more upside and more recession resistance than commodity rentals[24:31] – Reviews, visibility, and dynamic pricing: the operational levers that can double revenue5 Key TakeawaysThe same property can earn dramatically more under a different strategy; Tim's eight-unit building produced roughly eight times more as short term rentals than it did with long term tenants.Invest where the numbers make sense, not where you happen to live; leaving California for out-of-state returns is the decision Tim credits with setting him free.Before buying a short term rental in 2026, study supply and demand with a tool like AirDNA, and avoid markets where average revenue is falling while purchase prices stay high.The market is inefficient enough that two identical properties next door to each other can have double the revenue gap; strong reviews drive visibility, and dynamic pricing tools like PriceLabs or Wheelhouse are now mandatory to compete.Core operations like revenue management and around-the-clock guest communication don't belong in-house for small portfolios; centralizing them is the same logic as hiring a fractional CFO instead of a full-time one.Links & ResourcesShort Term Rental Riches podcast — https://strriches.comCorzly, Tim's short term rental operations company — https://www.facebook.com/corzlyRich Dad Poor Dad by Robert KiyosakiAirDNA market research tool — https://www.airdna.coPriceLabs and Wheelhouse dynamic pricing toolsBook your free discovery call with Simple CFO — https://simplecfo.comClosing RemarkTim Hubbard built the kind of business most investors say they want: a portfolio that runs without him in the room, from another continent, with profit that funds the life he actually chose. But as David points out, Tim didn't just make that money, he knew how to keep it, and he knew what every property was earning. If you're closing deals but still feeling broke, that's the gap Simple CFO exists to close. Subscribe, review, and share this episode, and if you're serious about financial systems and keeping more of your profit, visit https://simplecfo.com to take your free discovery call today.
In this episode, Lane Kawaoka joins us to discuss his book, The Wealth Elevator: Real Estate Syndications, Accredited Investor Banking, and Tax Strategies for First-Gen Millionaires. As a seasoned real estate investor, Lane has built a portfolio valued at more than $2.1 billion and has helped hundreds of investors access alternative wealth-building strategies through real estate syndications. Lane is the founder of The Wealth Elevator and the Hui Deal Pipeline Club. Since 2016, he has syndicated more than $205 million in private equity and facilitated over $45 million in distributions to investors. Through his work, he helps working professionals create passive income streams and pursue financial freedom through strategic investing, tax optimization, and alternative asset ownership. This conversation covers: How Lane got started in the business industry. The mindset shifts required to build long-term wealth. Why syndications can provide opportunities beyond traditional investing. Common mistakes new investors make when evaluating deals. Interested in learning how real estate syndications, tax planning, and alternative investments can help accelerate your path to financial independence? Tune in to hear Lane share the lessons, strategies, and experiences that have shaped his approach to building long-term wealth. Connect with Lane: LinkedIn Instagram The Wealth Elevator Website Free Masterclass
The real estate investing moves you make today could change your life. Those in their 40s, 50s, and 60s often look back and regret not starting sooner. Today's guest isn't letting that happen, and in this episode, she'll show YOU how to take advantage when that next rental property comes your way! Welcome back to the Real Estate Rookie podcast! When Megan Chou's father challenged her to read the personal finance classic, Rich Dad Poor Dad, little did she know it would completely alter her life's trajectory. The book's lessons on building wealth inspired her to stash her money away in a brokerage account and, at just 20 years old, buy her very own rental property—a townhome she house hacked with her best friend. Then, only two years later, right as she was graduating from college, she took down a fourplex—renovating each unit while living in it, one by one. Stay tuned as Megan shares how she leveraged her home equity to buy it, what went wrong after buying the property, and how she stayed resilient when her property started fighting back! In This Episode We Cover How Megan bought her first two rental properties (while still in college!) How to fund your next investment property using your existing home equity What Zillow, Redfin, and the MLS can't tell you about properties or neighborhoods Bouncing back from ice, raccoons, and plumbing failure on the same property Two crucial things to do when experiencing a setback with your property And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-728. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jarrod Frankum started his real estate journey with nothing — no cash, no credit, and a $500-a-month budget he'd carried home from two years of campus ministry in Brazil. Seven years later, he owns six properties outright and holds an additional eight in partnership, runs a wholesaling and buy-and-hold business that funds his life across two continents, and attributes a significant part of his financial survival to implementing Profit First early and staying disciplined through multiple market cycles.This conversation tracks the full arc of Jarrod's story — from skateboarding through neighborhoods writing down addresses on his phone, to closing his first wholesale deal for just under $10K, to navigating the real market stress test of running a U.S. real estate business remotely from Brazil. Along the way, David and Jarrod dig into how Profit First helped Jarrod throttle income, take the emotion out of big deal closings, and build a financial cushion that carried him through the unexpected friction of running a business abroad.If you've ever closed a deal and wondered where the money went, or felt like you can't trust your bank account balance to tell you the truth, Jarrod's experience with multiple accounts, automatic distributions, and tax reserves will show you exactly what it looks like when the system does the thinking for you.This episode is for the real estate investor who is tired of operating in financial chaos and is ready to build something that actually holds up when the market gets cold.Episode Highlights[0:27] – Jarrod previews the Profit First mindset that helped him survive moving back to Brazil mid-business[1:17] – David introduces Jarrod and how they connected at a Nashville mastermind[1:54] – Jarrod's current exit strategies: wholesaling as the primary driver, buy-and-hold as the long-term play, and flips when the right deal comes along[3:16] – The Rich Dad Poor Dad moment that gave Jarrod goosebumps during an HVAC internship six months before graduating with a mechanical engineering degree[4:51] – Why Jarrod left America with almost nothing, did campus ministry in Brazil on $500 a month, and what that season taught him about contentment and grit[5:31] – How Jarrod found his first deal: skateboarding neighborhoods, hand-writing letters, buying stamps, and closing a $9,500 wholesale deal after three months[7:48] – What living with seven roommates in a no-AC house in South America taught him about fulfillment that had nothing to do with money[9:24] – The Gap and the Gain mindset: how Jarrod measures progress from where he started, not from where he wants to be[13:59] – Where Jarrod is today: six properties in his own entity, eight more in partnership, 0% interest deals, and a rental portfolio that funds his life in Brazil[17:18] – How Jarrod found Profit First in early 2020 and why his background managing 1099 income made the multiple-account framework immediately click[19:13] – The core problem Profit First solves: why a $10K balance can actually mean you have $87 to spend, and how multiple accounts eliminate that confusion[21:10] – How Jarrod uses Relay Bank to automate distributions on the 10th and 25th so the system runs without him touching it[23:16] – Why Profit First isn't just for good times: how it functions as stored grain for the winter when real estate cycles go cold[25:09] – How throttling income to twice-a-month distribution dates takes the emotion out of deal closings and prevents impulsive spending[28:02] – Jarrod's take on reinvesting more aggressively now: still paying himself, still funded on all accounts, but consciously directing more toward growth at 34[31:35] – Closing advice: the deal of a lifetime comes around once a month — stay consistent, stay faithful to what's working, and trust the systems5 Key TakeawaysContentment before cash flow is the foundation. Jarrod learned on $500 a month in Brazil that fulfillment isn't tied to income — and that mindset is what kept him from panicking when the business hit hard stretches. If you need a certain number in your account before you feel okay, the number will never be high enough.Getting started with almost nothing is an advantage if you treat it that way. Jarrod had no capital, no credit, and no connections — so he skateboarded neighborhoods, hand-wrote letters, and spent $300 on stamps before he had the money to spare. The lack of a safety net forced action, and that first $9,500 wholesale deal proved the model worked.Multiple accounts do the thinking so you don't have to. The reason Profit First works isn't just the percentages — it's that you never have to look at one number and guess what it means. When taxes, owner's pay, and operating expenses each have their own home, your bank balance finally tells the truth.Throttling income to set distribution dates removes the emotional trap of big deal closings. When a $10K wire hits and you have to wait until the 10th to access your share, the high has already worn off. You're on to the next deal, and the money goes exactly where it was always supposed to go.A financial system isn't just a good-times tool — it's what keeps you solvent when the market turns. Jarrod had to lean on his reserves when he moved back to Brazil and the business hit unexpected friction. The difference between weathering that season and going under was having stored grain before winter arrived.Links & ResourcesSimple CFO — https://www.simplecfo.comProfit First for Real Estate Investors by David Richter — available on AmazonJarrod Frankum on Facebook — @JarrodFrankumJarrod Frankum on Instagram — @JarrodFrankumClosing RemarkJarrod's story is a reminder that the investors who build something lasting aren't the ones who caught the best market — they're the ones who built systems before they needed them. If you're closing deals but still feel like the money disappears, it's time to get a system in place that protects what you're earning. Subscribe, review, and share this episode with a fellow investor who's ready to stop living deal to deal — and if you're serious about taking control of your cash flow, visit https://www.simplecfo.com to book your free discovery call today.
What if the blueprint for building wealth hasn't changed in over 5,000 years? In this episode, Gino Barbaro breaks down the timeless principles from one of the most influential personal finance books ever written: The Richest Man in Babylon. While most people believe wealth creation is complicated, involving stock picking, market timing, economic cycles, and advanced investing strategies, the truth is much simpler. The foundation of wealth starts with habits. In this episode, Gino walks through the famous "Seven Cures for a Lean Purse" and explains how they apply to modern investing, entrepreneurship, real estate, financial planning, retirement, and creating long-term generational wealth. Whether you're just beginning your financial journey or looking to strengthen your wealth-building foundation, this episode provides timeless principles that still work today. Timestamps 00:00 – The Wealth Blueprint That Has Worked for 5,000 Years 01:28 – The First Cure: Pay Yourself First 05:54 – The Second Cure: Control Your Spending 07:40 – The Third Cure: Make Your Money Multiply 10:33 – The Fourth Cure: Protect Your Wealth 12:23 – The Fifth Cure: Make Your Home a Profitable Investment 16:06 – The Sixth Cure: Ensure Future Income 17:40 – The Seventh Cure: Increase Your Ability to Earn 19:17 – Practical Wealth-Building Exercises 20:00 – Create a Budget and Track Your Spending 22:30 – Finding the Right Investment Vehicle 24:12 – Avoiding Lifestyle Inflation 26:10 – Open Your First Investment Account 28:00 – Why Financial Education Matters 29:05 – The Importance of Tracking Net Worth 30:05 – Final Thoughts on The Richest Man in Babylon This episode is brought to you by Wheelbarrow Profits. Want to learn how successful investors create passive income, build financial freedom, and scale their wealth through multifamily real estate? Visit Wheelbarrow Profits to access educational resources, training, coaching, and tools designed to help investors take control of their financial future. We're here to help create real estate entrepreneurs... About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Key Topics Covered: 1. Defining True Wealth Wealth is about creating predictable income and financial security. The goal is freedom, experiences, and a low-stress lifestyle. 2. From Corporate Career to Property Entrepreneur Transitioning from employment to financial independence through property. Recognising when a traditional career path no longer aligns with personal goals. 3. The Impact of Rich Dad Poor Dad How financial education can change perspectives on wealth building. The importance of developing an investor mindset. 4. Learning Through Failure Early mistakes in serviced accommodation created valuable lessons. Setbacks can become turning points for future success. 5. The Demand-Led Investment Approach Find the demand before choosing the property. Reverse-engineering investments around proven market needs. 6. Understanding Serviced Accommodation The opportunities and risks of short-term rental strategies. Why demand is critical for long-term profitability. 7. Building Multiple Income Streams Combining trading, investment, and coaching businesses. Creating diversified sources of recurring income. 8. Wealth, Family, and Lifestyle Using wealth as a tool to create time, experiences, and flexibility. Balancing financial success with family, health, and personal fulfilment. Actionable Takeaways Focus on building assets that generate predictable, recurring income rather than chasing quick wins. Identify genuine market demand before investing in a property or launching a new venture. Treat mistakes as learning opportunities and use them to improve future decision-making. Invest in your financial education to develop a stronger wealth-building mindset. Build multiple income streams to reduce risk and increase financial resilience. Align your wealth-building activities with your personal values, family goals, and desired lifestyle. Review your current investments and ask whether they are driven by demand or by assumptions. Prioritise long-term consistency over short-term excitement when creating wealth. Resources & Next Steps WealthBuilders Membership: Free access to guides, webinars, and community Download our FREE Pensions and Inheritance Tax Guide Devenir Plus - Become more in every area of your life Connect with Us: Listen on Spotify, Apple Podcasts, YouTube, and all major platforms. Next Steps On Your WealthBuilding Journey: Join the WealthBuilders Facebook Community Schedule a 1:1 call with one of our team Become a member of WealthBuilders If you have been enjoying listening to WealthTalk - Please Leave Us A Review!
Keith welcomes back Rich Dad author Robert Kiyosaki to discuss why debt, inflation, and financial education are critical in today's economy. Robert challenges traditional advice like "save money and pay off your house," explaining how understanding good debt and owning real assets can accelerate wealth while inflation quietly punishes savers. They explore how family background and early beliefs shape our money mindset, and why questioning conventional wisdom is essential. The conversation ultimately stresses that financial education only matters if you take action and intentionally position yourself for turbulent times instead of fearing them. Episode Page: GetRichEducation.com/608 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text FAMILY to 66866 Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review" For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:00 Keith, welcome to GRE. I'm your host, Keith Weinhold. This week, the number one selling personal finance author of all time, Robert Kiyosaki of Rich Dad Poor Dad, returns to the show, revealing that he's in debt to the tune of $1.2 billion with a B. Why he believes a depression is coming, and he strongly espouses financial education today on Get Rich Education, Keith Weinhold 0:29 you know, Mid South Homebuyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties, it's an executive coach for nine years now, their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to Daniel Thomas hind.com H I N D, that's Daniel Thomas hind.com and sign up before Spots Fill Keith Weinhold 1:41 Flock Homes helps multifamily owners exit the operator grind, whether it's your sixplex or a 50 unit apartment, through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at Flock homes.com/gre That's F L O C K homes.com/gre Corey Coates 2:14 You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. Keith Weinhold 2:30 Welcome to GRE from Williamsport, Pennsylvania, to Williams, Arizona, and across 188 nations worldwide. You're inside one of America's longest running and most listened to real estate shows, this is Get Rich Education. I'm your host, Keith Weinhold. And with Father's Day this month, it's apropos to talk about Rich Dad. It's been said that the objective of parenting is to turn a liability into an asset. The book Rich Dad Poor Dad has now sold over 40 million copies, and it's been translated into 51 languages. One strong thesis in the book: well, there are a few of them: the rich don't work for money, savers are losers, and your house is not an asset. I think any regular listener here to the GRE podcast is already initiated on this. Savers or losers, because inflation debases your prosperity, and your house is not an asset, because it takes money out of your pocket every month. An asset puts money in your pocket every month instead. And I can see Robert now as he's preparing to take the mic with me here, he's got a blown up visual of his cash flow board game behind him, and then in front of him he's got a few books, including two books that he co-authored with Donald Trump, but this is before Trump was ever a political candidate, so it was before all that, and we're certainly not here to talk politics today. A central theme of the Rich Dad world is that the path for your significant financial betterment is rather than cutting your expenses, increase your income. This is the root action behind the mantra: don't live below your means, grow your means, but see, living below your means is easier. That's the easy thing to do. It's even myopic, say move into a lesser housing situation, or cut out going on vacations. Growing your means takes some education, like how to start a business, or how to own real estate. See, when you deposit money into a bank, all of a sudden that bank has a problem, they owe you interest on it, it's an expense for them. So the bank's job is now to lend your money out to somebody else and make a higher interest rate on it than. Lower interest rate that they're paying you on your deposit. All right. Well, then one direction to focus your education is to start acting like a bank yourself. How do you practically do that? How do you be the bank? Well, just like the bank, you can borrow real estate at a 7% mortgage rate. Now you've got the problem, you've got a monthly mortgage payment you need to make, so you need to beat 7% How are you going to do that? You better get it right. Well, with tax deductions, you might really be paying five to 6% Meanwhile, the real estate that you've carefully identified and invested in with your borrowed capital can earn multiples more without taking high risk, and actually that five to 6% effective cost of capital that you've got is zero, because that monthly payment is all outsourced to your tenants anyway, and what made all this possible for you? Debt made it possible, and now you're acting like the bank, and banks often have the tallest skyscrapers in your city for a reason, because they make money on those spreads all over the place, and now you're doing the same thing. This is an example of growing your means. The bank will hand you 500k to buy a new home or rental property, not for stocks. They won't do that for crypto, not for your 401k not for a business idea that popped into your head at 3am Only real estate, the same institutions, banks that manage your savings and study every asset class, and are very conservative, and have armies and armies of analysts. They will only lend you a half million dollars for one thing: real estate. For a few years, I was a writer for the Rich Dad Advisors blog when that was a thing. Robert and I were most recently together publicly last year when we both served as faculty members on the Terrific Real Estate Guys Investor Summit at Sea in the Caribbean. Let's talk to Robert. Keith Weinhold 7:18 I'd like to welcome back to the show for his fifth appearance here on the GRE podcast. Well, just the number one selling personal finance author of all time. He wrote Rich Dad Poor Dad in 1997 and has ruled the Rich Dad world ever since. It's a warm get worse education. Welcome back to Robert Kiyosaki. Robert Kiyosaki 7:38 Thank you, Keith. You know, nobody's more surprised about the success of Rich Dad Poor Dad than me, because it was turned down by every publisher in New York. It was like Simon and Schuster and all these guys, and they said, Why are you turning it down? They said, You don't know what you're talking about. It was consensus about the five editors of different book companies was what you're saying doesn't make sense, that's how strange it was back 1997 and now it's the number one in the world. Keith Weinhold 8:10 This is often how it is when something strikes someone differently, like the Star Wars movies had difficulty getting traction because it was so unusual, and fortunately, Robert, today the consensus among readers has seen that, oh my gosh, Rich Dad Poor Dad changed my thinking more than anything else. The contrarian thinker, Robert Kiyosaki 8:34 you know, strike Rich Dad, Poor Dad. My poor dad was academic, you know, PhD, yeah. So he'd be the kind of guy that says your book makes no sense, whereas my rich dad never went to school because his father died when he was 13 and he had to take over the family business. So much of a young person's life is predicated upon their parents or where the family or the culture you come from, and I've been studying more of that, like let's say I was raised in Alabama, I'd have a southern accent but because of the environment it presents it upon you, as the same as money, if a child is born into a poor family, or in my case an academic family, the value systems are all different. My family, and it's still true today. Got to go to school, get a job, and get a pension with the government. That's their whole belief system, and they're so proud of this. Is my brothers and uncles, and all that. They're so proud when their child has what's called a GS, and a government service pension, that's the whole idea on finance, get that pension, job security, Keith Weinhold 9:49 yeah, Speaker 1 9:49 nothing wrong with it, nothing wrong with it, but a lot of times we can't hear something because of what's been compressed into us by our culture, our. Family, so my, you know, my poor dad was always, you have to get your PhD, or what? God got a PhD. So my brothers and sisters, their kids are all getting their PhDs. It's fascinating. It's fascinating. Keith Weinhold 10:14 Yeah, when your poor dad tells you you need to get your PhD, and you're asking for what? Maybe the answer was for him. So our parents, yes, they're often our first teachers. Speaker 2 10:25 It's just values, very different values. And the more I kind of study it, I don't think I'm a good student of it, but there's this thing called a paradigm matrix, and a paradigm matrix is what is like a cookie cutter, so like father, like son, you know, like mother, like daughter, so much of our lives are transferred by our parents and our schools and things like this, and so that's why Rich Dad Poor Dad, for some people it works, but when it first came out, 1997 as you said, it was strange. I said, you know, the savers were losers, and today everybody knows inflation is going to the roof. I said, your house is not an asset. I got hammered for that one. Keith Weinhold 11:11 Right. Speaker 1 11:11 Rich don't work for money. Those are my three rich dad rules. Rich don't work for money, savers are losers, and your house is not an asset. I built Rich Dad Poor Dad around those three rules. I didn't follow my poor dad, those were his guiding lights. You know, you have to have job security, and you have to have a government pension, and my house is my biggest asset. And so you can't hear the person because you already have that paradigm magic, or that cookie cutter inside of you. This is my value system in my family. If I didn't get my PhD, I was stupid. I never got one. But anyway, you know, Keith Weinhold 11:50 just because you believe something for a long time doesn't make it true, Speaker 1 11:55 correct? And what's happening? Because I wrote Rich Dad Poor Dad, because I could see this economic times coming, 1971 named Nixon took the dollar off the gold standard, and I knew at that time we're going to have hyperinflation, so that it hasn't hit us quite yet. 1971 was august 15. Nixon's taking the dollar off the gold standard, and you watch what's going to happen next few years. We're going to have hyperinflation that we've never seen before, and it's gonna make the poor and middle class poorer. The rich will get richer, but poor and middle class will get poorer. Tragically, Keith Weinhold 12:30 that is such an appropriate time to bring this up, Robert, because a lot of people are drawing parallels between the 1970s two waves of inflation during that decade, and what's going on today. I mean, there is so much fuel now that could ignite higher inflation. You've got the cumulative effects of the Iran war and the energy shocks and bottled up supply chains. And Robert, I don't know if you've heard it yet, but you and I's mutual friend, Dr. Chris Martinson, yeah, peak prosperity, there, Chris Martinson, he recently said that he would not be surprised to see 18 to 20% annual inflation in the next two to three years. That's exactly what he said. Speaker 2 13:12 Yeah, but it's good for those who have assets, right? You see what, when things inflate, you know, like chickens and eggs and milk go up, but so do assets go up, most of them, like gold and silver, will go up, but the purchasing of the dollar will come down. Inflation is a tax, that's all it is. Keith Weinhold 13:33 So much potential for inflation there, and a lot of this really ties in with debt, about how debtors can be enriched inflation. I think about the cantillion effect, meaning that in inflationary times those closest to the money printer win, and that usually tends to be governments, large banks, corporations with easy credit scores, but a lot of people don't realize that we can benefit from that too is everyday investors that use leverage prudent debt, Speaker 1 14:05 right, and tell you, in effect, is basically what interest rate can you get, and how easy is money for you, and I use debt, I'm 1,000,000,002 in debt, and that scares the crap out of most people, but I use debt to get rich, and most people use debt to get poor, and again, that's family, what your education says. So, a lot has to do with early childhood development, and all that stuff. The more I study it, it really goes back to before a child was like 15. The cookie cutter has been cut. Keith Weinhold 14:36 Yes, it goes back to not always having to believe everything that you think. Speaker 2 14:40 We all have access to education. I have my cash flow game here. I teach people how to use debt, and Dave Ramsey says don't use debt. Well, he's a smart man too, Dave. I like him a lot, and most people should listen to Dave Ramsey, but if you're going to use debt, you'd better take some education, so. To go 1,000,000,002 in debt, man, you better know something. People aren't living paycheck to paycheck, they're living credit card to credit card now, and getting wiped out. I hate to laugh, but it's so obvious. You go, because they have no financial education, and that's why my book was turned down by all those academics in New York City, the publishers say, you don't know what you're talking about. How can I say your house is not an asset? How can I say savers are losers? How can I say the rich don't work for money? And that's what Don't Rich Dad Poor Dad on. And now it's been an international best seller, number one in the world for like 25 years. Keith Weinhold 15:39 Yeah, well, it's so interesting that you bring up Dave Ramsey here, Robert. He often gets his followers to make a debt-free scream when they're debt free, and you know what I think, Robert, for those that scream that they're debt free, what they're doing is they're postponing screaming that they're job free or job optional, they could have been prudently leveraging dollars for profit, instead, like you and I do. Speaker 2 16:06 Well, let me just say, Dave Ramsey's advice is good for most people. I'm saying, if you're going to learn to use debt, you know, if all you want is a job and a pension, you don't have to study that much. The biggest mistake I think ever made was at 401 k. It's going to wipe out boomer generation. It's going to.. that's the memos. I wrote this book. Here's who stole my pension, and that's when it's going to nail the boomers. They're finished, because their pensions are going to get stolen. They're four 1k IRAs. They're finished, but they do.. they listen. No, they go, they send their kids to school to get their MBA and get a, get a 401 k. Keith Weinhold 16:46 Well, I kind of think when you have education around debt, you sort of understand this difference between productive debt and what I'll call ego debt. So, can you talk to us more about what kinds of debt make people rich today and what kinds of debt can quietly destroy them. Speaker 2 17:02 Well, they should read Rich Dad Poor Dad. Really, I'm serious. That's all it is about, really, is I use debt to get rich, and Dave Ramsey's advice is good for those who don't want to study. So, if you're a PhD in microbiology, and you're a doctor, Dave Ramsey's advice is good for you, because you have no financial education, it's not between your right ear and your left ear. So, I had to study debt, that's the difference. It's what we study. Keith Weinhold 17:29 And for those that are uninitiated on this, what we're talking about here is, if you've got, say, 200k to invest in real estate, and real estate's going to go up 5% a year. Okay, if you pay all cash, you only have a 5% gain on your 200k but if you get an 800k loan and now you invest in a million dollars worth of real estate, you have that entire million dollars going up 5% not just 200k and you have the tenants servicing the 800k in debt for you. This is really the path to wealth through debt, which is counterintuitive. Speaker 1 18:02 You don't just get into debt. I mean, you really got to understand debt, and real estate doesn't always go up. It's about to crash again, and I like crashes. Don't get me wrong, I love crashes, because a crash in a stock market, bond market, real estate market is something going on sale, so like if Walmart had a sale, every poor person would run in there, but when the real estate market has a sale, all the poor people run away. I like crashes, that's when you get rich, one's coming big time, big time. Keith Weinhold 18:33 Well, I want to learn more about that, because residential real estate in our lifetimes has only fallen significantly one time, that was in 2008 and circumstances are so different today. Today, you have responsible lending, and you don't have this oversupply that you had in 2008 So, tell us more about a potential real estate crash that's going to interest a lot of people. Speaker 1 18:53 Well, real estate crashes, because the currency crashes. It's really the problem with the world today, and this is the whole world, is America is now what, the biggest debtor nation in world history. Keith Weinhold 19:05 Yeah, Speaker 1 19:05 39 trillion or something like that. And Japan is a bunch of idiots on Japanese, I can say that they save money. Why would you save money when Japan was the biggest money printer of all times? That'd be like somebody you know, sticking water in your gas tank. Why would you go and fill up with water? But that's what the Japanese were doing. They're saving money. It makes no sense. I mean, I just.. I'm just a different person, you know. I just didn't go to school like my family did. I mean, I have a college education and all that, but I studied different things after school. I studied debt, I studied real estate, and that's the big difference. So, I'm 1,000,000,002 in debt. So, in 2008 when the market crashed, you know, I borrowed 30 million bucks and leveled it up with 1,000,000,002 in debt. Keith Weinhold 19:52 Good timing Speaker 1 19:53 should not do what I do, but I studied it since 1974 It's debt that's not. Right now today we have oil going up. My college degree is in oil. I'm an oil tanker driver. I drove oil tankers with Standard Oil. I'm making fortunes today as the price of oil goes up, so you know, more Netanyahu and Trump bomb Iran, terrible as it is. I'm getting richer, so you don't have to be poor, but you're poor because that gap between your left ear and your right ear is empty, you know. You've been taught inflation's bad. Well, inflation is good if you're holding oil or gold or silver or some real estate. Anyway, most people have no financial education. That's why I created the cash flow board game, so you can have fun learning how to be rich. If you don't want to learn to be rich, then go to school and get your PhD. Keith Weinhold 20:47 Sometimes, when people don't understand how real estate debt benefits them, one way I've helped people understand Robert is that, say, you have a loan balance of 112k on a piece of real estate today, that feels really small. It almost feels like something that you can pay off with what you have in your savings account, but if you go back 30 years, when the median home price is 140k 80% debt on that would have been 112k So here, 30 years later, with your 30 year fixed rate loan, you still just have that 112k in debt, while the median home price is over 400k and that's even if you hadn't made a principal payment at all, so it's really a way to visualize how inflation starts shrinking the real weight of our debt over time. Speaker 1 21:31 My advice is I would study debt, so I take real estate courses, I'm always studying, I'm studying constantly, because the markets are changing so quickly. The biggest problem today started in 1971 when Nixon took the dollar off the gold standard. So, we're the biggest detonation in world history. I think we're going into a depression right now. So, depression plus AI coming along is going to wipe out jobs. I'm going to get richer. What are you going to do? So, I'm already planning for the future, the people that get rich can see the future. So, when you say, well, you know, back in 2008 it only crashed for a little while. Then, okay, so what? And history has proven in 1971 Nixon took the dollar off the gold standard. Every nation has collapsed. Who did that? The Chinese did it, the Romans did it, the Greeks did it, Germans did it. They print money, and so that's the real issue. It's not debt, but it's also the economic macro problems that keep going into the world. The dollar is coming down, and I'm afraid that we're going into a global depression. I hope I'm wrong, like Grant Cardone, and I have fights all the time about it, you know, because he's a big proponent of that. Real estate always goes up, it doesn't always go up, Keith Weinhold 22:47 right? Speaker 1 22:47 It doesn't always go up. The stock market doesn't always go up. The bond market's crashing. Everybody says, "Oh, bonds are safe. The bond market's in the biggest bubble in world history. We're going into a depression. So, what are you going to do about it? I'm afraid America is going to crash because we've taken on Iran, and Iran's a powerful, powerful force out there. I'm not in favor of it, but everybody who's messed with Iran has got kicked. So just note that as this look at history, you can see the future, but you have to be careful in the issue you follow. So, 1971 I was on an aircraft carrier in Vietnam, and my rich dad wrote me a letter. I was a marine helicopter pilot, went down three times. Rich Dad wrote me lessons. Nixon took the dollar off the gold standard, watch out, and immediately I started buying gold. So, I started buying gold at $50 an ounce to today is what, four or 5000 Keith Weinhold 23:43 Yeah, Speaker 1 23:44 the trouble with gold is you pay high taxes on it, constant taxes too. Good luck to learn, Keith. I study constantly. Keith Weinhold 23:52 You're listening to Get Rich Education. Our guest is Rich Ed Poor Dad author Robert Kiyosaki. I'm your host, Keith Weinhold. Keith Weinhold 23:58 What if you got your mortgage loans the same place I get mine. You sure can at Ridge Lending Group, NMLS 42056 They provided GRE listeners with more loans than anyone, because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal, and even chat directly with President Chaley Ridge, while it's on your mind. Start at Ridge lendinggroup.com that's Ridge lendinggroup.com Keith Weinhold 24:29 Let me ask you something. If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call or text family to 66866 that's family 266866 This Jim Rickards 25:31 is Author Jim Rickards. Listen to Get Rich Education with Keith Weinhold, and don't quit your daydream. Keith Weinhold 25:47 Welcome back to Get Rich Education. I'm your host, Keith Weinholt. We're talking with the top-selling personal finance author of all time, Robert Kiyosaki. Speaker 1 25:55 Just study history. History will see this, you'll see the future. So, this is my good friend here, McDonald. You know why he wants you to get rich, and it's this one man, one message. Keith Weinhold 26:06 Robert's holding up a book now. Speaker 1 26:08 You've got to get educated on money, but most people won't, so they got a 401 k, and they live debt free. Good advice. Will it protect them? No, it won't protect them from a, you know, if you lose your job, AI takes it away, or is a massive crash, but we've never been in this much debt before to you. Black generation is screwed, boomers and boomers are screwed, because we're the first generation with a four 1k that was 1974 1974 also Kissinger went to Saudi Arabia to sign the dollar up back by oil, and today my buddy here, Trump is bombing the crap out of Iran. I'm not saying it's good or bad, but the price of oil is going through the roof now. Everybody's complaining about it because of inflation, so chicken and eggs go up in price, you know. Diesel delivers chicken and eggs all over the world. I'm getting richer because I own oil wells, you see. You don't have to be poor, but you better question what they put between your left ear and your right ear. What did Mommy and Daddy tell you? Go to school, get a job, get a job with a government service. My daughter's a GS, she's got a master's from Washington State University losers, Keith Weinhold 27:24 this untethering of the dollar from gold in 1971 that meant that there is no sovereign currency in the world today that's still tied to gold, allowing for more money printing and enriching over time debtors like you and I, but Robert, we think about how debtors are profiting, and you spoke earlier about how oftentimes your parents put all of these values inside you. How do you emotionally tolerate having a lot of debt yourself? You talked about having $1.2 billion in debt. How do you emotionally deal with that? Speaker 1 28:00 I study, I take courses. I'm constantly in seminars studying debt. I don't study a 401 ks or bonds, that's for losers. But this is the biggest point, Keith. You got to find out. My rich had always said to me, says there's a billion ways to financial heaven. So, there's what, 8 billion people on planet earth, and 1 billion of the eight may make it to financial heaven, but there's 7 billion to financial hell, and the difference is what's between your left ear and your right ear, and that's why you may choose what you learn carefully, cash flow game, study it, have fun, practice, play, learn, but if you don't want to learn, then follow Dave Ramsey's advice. That's much better. It's better for you, really. I'm serious. And get your PhD and get a 401 k and get wiped out when you lose your job. It's up to you. Keith Weinhold 28:54 Yeah, I mean, the debt-free mindset probably is better for most people, but I think you shouldn't aspire to want to be like most people. Most people are overweight, and they have a busted relationship, and they don't have enough money at the end of the month. So we're really not aspiring to be mediocre here, and that can mean taking on prudent debt. You wrote something in a book one time, I don't think it was Rich Dad Poor Dad, it was one of your later books. This is so simple, but I found it to be so profound and life-changing for me. And that is simply being wealthy is a choice Speaker 1 29:28 that doesn't, what you want, it's your choice, but you better know what your choices are. What did Mommy and Daddy say to you? But also, were they doing in front of you? Keith Weinhold 29:39 Right, Speaker 1 29:40 were they cleaning for job security or were they buying coil wells? Like, I own Bitcoin, but they'll recommend it now. I study it. I don't really understand it that well. I have 5049 Bitcoin, not much, but as inflation goes up, my Bitcoin goes up. Also, have in theory. I'm old. I don't understand tech that well, but I buy it to learn it, to practice, to study it. Am I an expert at Bitcoin? No. So I just keep studying, that's all I'm saying. I have a choice how to put between this year and that year. That's your choice today. Keith Weinhold 30:18 Well, that's really interesting, Robert, because some people say that you should only invest in something that you understand well, others say that you're only going to understand something well if you invest a little in it first and have a stake. Well, is there any last thought that you have, Robert, as we wind up, anything at all that a listener should know today? Speaker 1 30:39 No, I mean, I just said it, that's it. Choose what you put between your left brain and right ear, and what do you do? What do you do in your spare time? Like studying, you can ask the people around me. I'm constantly studying, you know, because I like to win. I'm very concerned, Keith. We're going into the biggest depression in history. So, what happens when you lose your job and you can't put food on the table, that's gonna create another problem. So, I'm a big pessimist, but I'm ready for it. I have a lot of guns, so the, I call it the 5g's Okay, you have to have gold, food, I mean ground, gasoline, and guns, that's preparing for the future, the 5g will be gold, gas, ground, food, guns. Keith Weinhold 31:27 Well, Robert, you gave us a lot to think about there, including some actionable things. It's been great having you back on the show. Speaker 1 31:32 Okay. Well, thank you. Keep up the good work. Keith Weinhold 31:40 I believe Robert feels that a calming economic depression would be linked to the longer term calamity about the dollar being de-pegged from gold for about 55 years now. His 1.2 billion in debt is largely, if not completely, good debt. You can learn more about Robert and the Rich Dad world@richdad.com and he and I talked more off air. As much as he stresses financial education, he emphasizes taking action after you've learned; otherwise, you really haven't gained much of anything. But the rat race is so busy that some people don't have time to care about this stuff. In fact, the difference between financial education and financial courage is action taking. That's the difference. Now, in my view, it seems that some feel like financial betterment means cutting your expenses so much that you reduce your standard of living even over the long term, and doing that for the long term, you might do some of that in the short term, earlier in your investing career, because you need some capital formation, but to me, before long, financial betterment should give you the ability to make your life better. I mean, really don't buy the boat or RV just because it's a depreciating asset. Well, you don't want to do that wastefully if you can't afford it, but if you can learn how to afford it, consider borrowing for it, investing it at a higher interest rate than the RV loan, and profiting while you enjoy the RV, some people don't even think something like that is possible. Well, that's the sort of thing financial education can do. Genuine financial betterment means that you can take the trip, it means that you can buy the boat, because what's worse, owning a depreciating asset or living a depreciating life. Big thanks to Robert Kiyosaki. Keith Weinhold 33:47 Today, we've got a lot of great upcoming shows here on the Get Rich Education podcast. Next week, The Mad Scientist of Multifamily, Neil Bower, will be here. It's going to be a charged conversation on the state and the future of the residential real estate market. Also, I've been compiling my top 12 dirty dozen due diligence questions that are going to help you avoid mistakes when you buy a piece of income property, like for example, How do you be sure that a build to rent community isn't overbuilt with supply, and why you should always get a property inspection, even on a new construction property that's coming in future weeks, and if you're a new listener and still learning about how to prudently use debt to build wealth, you're in luck. Just eight weeks ago, on episode 600 it's an episode where it's just me talking to you, called Debt is the American dream. Be sure to check out that show until next week. I'm your host, Keith Weinhold. In In the Spirit of Rich Dad, don't quit your daydream. Speaker 3 34:52 Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business. Professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively. Keith Weinhold 35:18 The preceding program was brought to you by Your Home for Wealth Building, Get Rich education.com
The first business Joe Wechsler bought had $280k of SDE. Seven years later, he runs a fund with $50m of buying power.Register for the webinar: Franchising for the ETA Buyer: Resales, Roll-Ups, and Real Deals - Thu, June 4 - https://bit.ly/4vnGP5uTopics in Joe's interview:Background in management consultingInspired by Rich Dad Poor Dad to own assetsJoining an early cohort of the Acquisition LabSearching is more fun with a partnerFirst deal died 10 days before closingDiscovering employees had never been paid overtimeTotal office staff turnover in first 4 monthsAcquiring 4 diverse businessesLaunching a $25M equity fund with 5 partnersIt's all about the peopleReferences and how to contact Joe:LinkedInBlueline VenturesWho by Geoff Smart and Randy StreetRich Dad, Poor Dad by Richard T. KiyosakiGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsDownload the New CEO's Guide to Human Resources from Aspen HR:From this page or contact jenny@aspenhr.comWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital AdvisoryConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron
What if the biggest mistake investors make is focusing on how to buy a deal instead of how to exit it? In this episode, Frank Herman shares how he and his partners scaled to over $100M in real estate assets, completed multiple full-cycle projects, and built a unique investment strategy around student housing and condo conversions. Frank explains how his journey from truck driver to real estate entrepreneur began with Rich Dad Poor Dad, how an unexpected capital-raising opportunity led to a $5 million partnership, and why patience, transparency, and investor trust have become the foundation of his business. He breaks down his approach to nurturing investor relationships, identifying opportunities with multiple exit strategies, and focusing on specialized partnerships rather than trying to do everything himself. For investors and entrepreneurs looking to build long-term wealth, raise capital effectively, and create sustainable growth, this conversation delivers practical lessons from more than two decades in real estate.
Invest in family first.Ray Cordano built wealth through real estate, entrepreneurship, and a contrarian approach to life — but his biggest investment has always been his time with his family.In this episode of the Fatherhood, Finance and Patriotism series, Ray shares how reading Rich Dad Poor Dad shaped his path, why he built businesses to create freedom, and how that freedom allowed him to become a full-time dad. He talks about building a real estate portfolio, flipping homes in San Francisco, raising entrepreneurial kids, coaching sports, and why he believes the next generation has massive opportunity ahead.Ray also opens up about how yoga changed his life, what he learned from his parents, why he chose to let his kids make mistakes, and how AI could reshape work, family life, and entrepreneurship in the years ahead.This conversation is about more than money. It's about freedom, family, responsibility, and what Ray calls the greatest gift America gives us: the opportunity to choose how we live.Chapters:0:00 Preview: Invest in Family First0:30 Meet Ray Cordano2:29 How Yoga Saved Ray's Life4:17 Building Freedom Through Real Estate5:30 Becoming a Full-Time Dad9:12 Coaching Life Lessons Through Sports13:17 Why San Francisco Real Estate Is Hot Again17:47 Investing Time in Family20:39 How AI Could Change Work and Family Life28:14 Freedom, America and Patriotism______________________________________________________________If this episode inspires you to be part of the movement, and you believe, like me, that entrepreneurs are the answer to our future, message me so we can join forces to support building truly great companies in our region. -Subscribe to my channel here: https://www.youtube.com/channel/UCom_... - Mark Haney is a serial entrepreneur that has experience growing companies worth hundreds of millions of dollars. He is currently the CEO and founder of HaneyBiz - Instagram: http://instagram.com/themarkhaney Facebook: www.facebook.com/themarkhaney LinkedIn: https://www.linkedin.com/in/markehaney Website: http://haneybiz.com Audio Boom: https://audioboom.com/channels/5005273 Twitter: http://twitter.com/themarkhaney-This video includes personal knowledge, experiences, and opinions about Angel Investing by seasoned angel investors. This content is for informational purposes only and should not be construed as legal, tax, investment, or financial advice. Nothing in this video constitutes a solicitation, recommendation, or endorsement.#thebackyardadvantage #themarkhaneyshow #entrepreneur #PowerOfWith #SacramentoEntrepreneur #Sacramento#SacramentoSmallBusiness #SmallBusiness #GrowthFactory #Investor#podcast
Register here to attend the live virtual event "Why Investors Are Targeting Oklahoma Real Estate in 2026" on Thursday, May 27th at 8:00 PM Eastern Time. Keith explains how rent payments are starting to factor into credit scores, boosting accountability for tenants and strengthening landlords' position. He introduces the "GRE Duck" to show how a plain long-term rental can quietly build wealth through several profit centers beyond visible cash flow. Keith also shares why he expects a new era of heightened inflation and how owning real assets with long-term fixed-rate debt can help investors stay ahead of it. Finally, Keith is joined by a GRE Investment Coach, Naresh Vissa, to highlight Oklahoma as an under-the-radar, business-friendly market that many investors see as a promising "next place" for cash-flowing rentals. Episode Page: GetRichEducation.com/607 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text FAMILY to 66866 Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review" For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 Welcome to GRE. I'm your host, Keith Weinhold. The American consumer is in real trouble today, and persistent inflation is poised to make it worse. How should real estate investors adjust their strategy? Learn the difference between delinquency, default, and foreclosure. Why making an early mortgage payoff is almost always ill-advised, then we explore an investment market that's poised for potential today on Get Rich Education. Keith Weinhold 0:32 You know, Mid South Homebuyers, that top Memphis turnkey provider, I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach for nine years now. Their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to danielthomashind.com H I N D, that's danielthomamashind.com and sign up before spots fill. Keith Weinhold 1:45 Flock Homes helps multifamily owners exit the operator grind, whether it's your sixplex or a 50 unit apartment through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at Flock homes.com/gre that's F L O C K homes.com/gre Corey Coates 2:18 You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. Keith Weinhold 2:34 Welcome to GRE from Arcadia, California to Arcade New York, and across 188 nations worldwide. I'm Keith Weinhold. You're listening to Get Rich Education. Around here, we don't look at a house and see four walls, we see five profit centers quietly doing jumping jacks behind the drywall. At the same time, most people seem to think cash flow is something that you catch in a stream. Hey, well, Who's in trouble out there amidst persistent and rising inflation? Well, you know the answer, it's just another reflection of the K-shaped economy and the hollowing out of the middle class. Now we can look at how many Americans are missing their mortgage payments. The mortgage delinquency rate is historically between one and 2% That just means that's the proportion of borrowers that get seriously behind on their mortgage payments. That's the normal range over the long run. Today's figure is pretty low at 1.1% so on the low end of that historic one to 2% range. So homeowners are in good shape, but credit card and automobile loan delinquencies are now deeply concerning, and a lot of times these people can be your rent paying tenant for credit card delinquency. Back in 2022 the rate was 8% Now 13% of credit card users are seriously behind on their payments. How about automobile delinquency? Back in 2022 it was 3.6% Now it's 5.6% and then there's student loans. The proportion of seriously delinquent student loans is 10.3% That's the highest since 2020 So the average borrower entering student loan default is now fully 40 years old. Before the pandemic, it was just 36 and a half. Now, there's surprisingly few hard statistics on the exact average age at which Americans fully pay off student loans, but the best available evidence from a platform. Called the Education Data Initiative, it suggests that the typical borrower who successfully repays on a standard timeline finishes somewhere in their early to mid 40s, and a substantial share of borrowers still carry student debt into their 50s and even 60s, so the US student loan crisis is intensifying. How about your tenant in that rent payment? About one in eight renters are behind on their rent payments per the CFPB. Almost every tenant catches up. Some live a paycheck to paycheck timing game. The payment that renters are most likely to miss is for credit cards, and, like I just put the numbers to, they are more than twice as likely to miss a credit card payment than they are an automobile payment. To most tenants, losing the car would mean losing the job, so they'll make the car payment before the credit card payment, and eviction is catastrophic, so they don't want to face that. They'll make that rent payment before a credit card payment too. Alarmingly, half of American credit card users carry balances from month to month, fully half the average interest they're paying is 21 to 22% I mean, sheesh, if Luboo is in a collection of wildly overpriced Stanley tumblers that all look big enough, waste of money. Now, some debtors can tap home equity to pay their consumer debt, but a lot of them aren't homeowners, all right. So, what does this all mean for residential income property owners? Well, since 1980 rent increases have compounded at 3.9% annually, that's the number, so almost 4% rent growth since about the time that Ronald Reagan became president, but rent growth is currently lagging behind this, and I expect that rent hikes will continue to be pretty paltry for the next couple years. Inflation is stressing tenants' consumer purchases too much for them to deal with steep rent hikes. The median household income of a US renter is $55,000 Overall, it's $84,000 All right, so to be clear, that 84k household income is not for homeowners, it's 84k overall for every American household. The 55k number is just for renters. What all this means is that this coming higher wave of inflation from the Iran war, where you're now poised to potentially see the highest rate of inflation of your entire life occur in the next couple years is that when you're looking at adding rental property on your pro forma, you can see how the numbers would be with those historic 3.9% rent increases each year, but it's wiser to run your numbers with no rent increase at all, because higher inflation on all these consumer products means it's less likely that they can handle a rent hike Keith Weinhold 8:25 In the mortgage world. What's the difference between delinquency, default, and foreclosure, anyway? Because some people use a couple of those terms interchangeably, but there is a difference. The timeline is that once you're 30 days late, that is delinquency, and this condition occurs the moment that a single payment is missed. And at this early stage, your bank still hopes that this is temporary, because the bank actually doesn't want to take back your property. They're not in the business to do that. They want you to be able to keep making your payments in general, because if a borrower keeps missing payments and a bank has to take possession of the property, well, then that bank has to pay legal fees and court costs, and even property taxes if they end up taking back the property. Yeah, the bank pays all of that if they have to take it all right, so that's 30 days. What about when a borrower gets to 90 days late on payments, where we're trending closer to the bank having to take back the property? Well, 90 days, that's the point at which we're in mortgage default. When a homeowner's 90 days late on payments, the lender kind of says to themselves that bank is saying, hey, this is serious, and they file what's called a notice of default with both the homeowner and the courts at the 120 day mark. This is pre foreclosure, right? So, after about four months or more of missed pay. Payments and state timelines vary. Texas is famously Formula One fast, really lender friendly, then, but timelines can drag on for one to three years in a bunch of northeastern states, Florida, Illinois and Ohio, so they're more borrower protective, and during Covid, this was overridden, and even fast states became slow. Beyond 120 days of non-payment, this is foreclosure, the legal seizure process. This is when the home sells that auction to the highest bidder. That's sort of like Sotheby's for distressed drywall, but if no bidder raises their paddle, well, then the property returns to the bank and becomes R E O. You've probably heard this term before, that stands for real estate owned, R E O. It also kind of means bank owned, and bank owned is the phrase that kind of makes more sense. That's what REO is, all right. Yes, this is when the bank becomes the home's reluctant landlord, and if the occupant has not left, the bank can formally file for eviction. Banks don't like being in this position, and they might sell the home cheaply. Why would they do that? Because, again, banks are not in the business of owning property, and they don't want to pay those holding costs, besides paying legal fees and court costs, and the banks now having to pay property tax because they do temporarily own that foreclosed upon property. Now they're also usually paying for maintenance, repairs, and insurance, a non-paying borrower like this can typically cost a lender 1000s per month. So this is the difference between delinquency, default, and foreclosure. But, like I said, we are at a time when mortgage delinquency rates are historically low. Instead, it's consumer debtors that are more likely to default today on things like their credit cards and their automobile loans. The takeaway for real estate investors here is that in today's inflationary times, renters are increasingly cost-burdened, rent increases are historically slow. That's sort of the bad news. And then the upside, the good news is it also means that tenants must delay home ownership and keep on renting from you, because as they struggle to pay these rising expenses, it's also harder and harder for them to form a down payment and go buy their own place, that's the real lesson with the parts of the economy where you see default trends today. Keith Weinhold 12:52 Now, if you're an income property owner, like I am, you probably have mortgages with a bunch of different banks, lenders like I do. You've probably noticed more than once that various banks and mortgage servicers, a lot of times, they feature these early payoff tools, enticing you to pay your mortgage off ahead of time, before it goes its full 30 year term, or whatever your full loan duration is. I mean, a lot of banks love it when you try to pay off your own early. It's often good for them and bad for you. And there are a few reasons that banks do this. They reduce their default risk if a bank convinces you, the borrower, to aggressively pay down your principal. It also builds equity faster, and you become less likely to walk away, so it's safer for the bank during downturns. Say there's a borrower with a 300k property and a 50k loan balance, meaning it's mostly paid off. Oh, that's far less risky to the bank than one with a 300k property and a 200k loan balance, meaning that you have less equity in it. So banks value stability. Another reason that some banks want to roll out the red carpet to try to get you to pay off your mortgage early is because banks recycle capital. They don't simply hold every mortgage for 30 years. A lot of loans are sold to Fannie Mae or Freddie Mac, or they're bundled into mortgage-backed securities, or they're serviced for fees. So your originating bank, when they first made that loan with you, oh, they've already earned their origination fees and servicing income and cross-selling opportunities, so getting principal back from you sooner allows them to reissue new loans sooner, and see rising interest rate environments like we've been in lately that changes the incentives for banks too, because if current mortgage rates are higher than your old rate a. Wow, then banks really love getting your old low rate loan paid off. Just say, for example, you have a 3% mortgage that you got five years ago, and new mortgages today are 7% Oh, if you pay off or refinance the old loan, oh well, now the bank can redeploy that money into higher yielding loans. Now they can lend it out at today's 7% that is really valuable to them. So encouraging your payoff, that is often just some consumer service positioning and marketing. You'll see messaging like, hey, make extra payments, or hey, you can own your home faster if you make extra principal pay downs, that's sort of marketing psychology. Because emotionally, a lot of consumers, they're not thinking big, they still emotionally love debt freedom, because a lot of them don't even consider true financial freedom is something that's in the realm of possibility for them, so banks provide tools because customers oftentimes want them and like them. Regulators actually like this position too. It's positioned as responsible lending optics, and financially healthy borrowers are deemed to be safer customers, but a bank sure does not want delinquency or foreclosure from a wealth building perspective. Productive low-cost debt benefits you, the borrower, enormously. Keith Weinhold 16:34 And on previous episodes, I've talked extensively about how making extra principal pay downs on your mortgage is a bad idea, and that's whether it's rental property or your own home, and you know, I'll bring a new example to this for you. It might feel good to pay off your mortgage faster. Your bank probably likes that, as I just explained, but feeling good doesn't build your wealth. Let's just take a 400k mortgage at a 6% mortgage rate. We'll keep it simple. With a 30 year loan, your payment is about 2400 monthly, so you'll pay 864k over the life of the loan. Well, instead, with a 15 year loan, your payment's 3376 and you'll pay just 608k over the life of the loan. So, by paying extra principal with the 15 year, you save about 255k in interest over the life of the loan, and that's it. Most people stop right there, and they think, oh well, then the 15 year paying down principal faster than that has got to be the smarter way, look, I can point to this on paper and show you, no, but with that extra about $1,000 per month of mortgage payment that you made by going with the 15 year, if instead you would have just invested that at an 8% return, you would have about 1.1 million more dollars in your pocket. Some people say they sleep better because their house is paid off, but I would rather sleep knowing that my money is growing faster than my debt is costing me. I only used 8% as a return, too. If your dollars were instead invested in a different vehicle, say in buy and hold income property. We know that it can be multiples higher than 8% and all the while, if we keep our own money and avoid making an early pay down, our cash is also going to remain more liquid than if we sunk it into the house, because houses make terrible banks. It is indeed rather myopic to make extra principal payments on a mortgage loan in most cases. In fact, somewhat related to this, coming up on a future show, I'm going to tell you about the biggest financial expense you will ever have in your life, it is not taxes, it's not housing, it's not interest charges, it's not inflation, it's not paying for children, and it's not health care. Most people have never heard of it. The biggest financial expense that you'll ever have in your life. I'll talk about that coming up in a future episode. Keith Weinhold 19:23 Is today's American housing market a buyer's market or a seller's market? In fact, it's somewhat of a discussion that you can have. There's not a clear cut answer, because more so than usual, it depends on which region of the nation you're looking at. As we know, six months of available supply is a balanced market nationally. There's only 4.4 months of existing housing supply, but almost twice that much new housing supply. National median home values are only up about 1.1% year over year. And what's the future of the investment market? Good, I'm going to discuss this and more with a guest later today. I would like to seriously thank you for your listenership. GRE is a platform largely built on long form trust, podcast listeners, newsletters, coaching calls, and referrals, releasing a show 52 weeks a year for between 11 and 12 years now, and the show is delivered every week from me, a real human flesh and blood host with a pulse and sometimes a cowlick in my hair, really human stuff going on here. I say this because robot podcast hosts are becoming more common, though I still wouldn't say that robot hosts are widespread. Amazon's Alexa Plus now produces AI-generated podcasts featuring chats between two robot co-hosts, but here on GRE it's always been human delivered with no plans to change that promise, and speaking of human connection, I learned that a number of successful guests that you've heard here on the show, they've gotten counsel from a rather special executive coach that's really developed some of these people that you've heard on the show. This coach has helped people show up as the best version of themselves and build them into better leaders, better operators, and better men and women, just like you, I know there's a gap between who you are and who you could be. When someone points out that gap to you, that can be a motivator alone, and when you learn the steps to close that gap, you really start to fulfill your potential. It often takes a trained eye from the outside to get you on the right trajectory and build the sort of person that compounds and builds you closer to your optimal self and people of enormous success have a coach or mentor behind them. Steve Jobs did, Michael Jordan, Tom Brady, Taylor Swift does the accountability piece alone is often enough to elevate your performance. I just learned about this coach this year. This man has been the behind the scenes key to success for a number of not just real estate related pros and GRE guests, but other people too. And interestingly, he hasn't marketed himself online anywhere. Well, I got curious, I learned more about him and kind of tracked him down, and he and I had a great lunch in California together not long ago, and I have since learned from him after 12 years behind the scenes. Well, it was quite a successful lunch, because that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind, the number of people with life-changing testimonials from working with him is pretty remarkable. So, if you're a hard-charging business owner or investor, and you want to get in the best shape of your life, physically, mentally, or professionally, you can fill out an application for a free consult. It's private one on one coaching, if you're willing to go to uncommon lengths to achieve pretty uncommon results. Thanks to Daniel, we've all become better leaders, better operators, better men. It started by showing up for ourselves. If it sounds interesting to you, now it can be your turn. You might at least look into it, since it is close personal one on one coaching. He can only help a limited number of people. So, complete an application before spots fill. You can go to Daniel Thomas hind.com H I N D is how you spell his last name, that's Daniel Thomas hind.com More next, I'm Keith Weinhold. This is Get Rich Education. Keith Weinhold 24:05 What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group, NMLS 42056 They provided GRE listeners with more loans than anyone, because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal, and even chat directly with President Chaley Ridge. While it's on your mind, start at Ridge Lending group.com That's Ridge lendinggroup.com Keith Weinhold 24:36 Let me ask you something: if you've worked hard to build wealth, is your money positioned to actually support your goals. A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers Freedom Notes for investors seeking structured income backed by real estate. It's a straight. Forward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family 266866 that's Family 266866 Keith Weinhold 25:38 This is Peak Prosperity's Chris Martinson, listen to Get Rich Education with Keith Weinhold and Don't Quit Your Daydream. Keith Weinhold 25:52 For an in-house chat, I'd like to welcome back our head investment coach here at GRE. He has his MBA, but perhaps more importantly, he's an active real estate investor himself, and he spends his days helping GRE listeners cut through the noise and actually make smart real estate investing decisions, and this means helping you figure things out, like what market fits your goals, whether cash flow appreciation or even showing a tax law should be your priority, and how to think about financing and what properties, the exact properties pass the smell test, and maybe most importantly, helping investors like you avoid expensive mistakes. And yes, the coaching is free to GRE listeners at GRE Investment coach.com And basically, if the real estate world feels like Costco on a Saturday afternoon, he helps you find the free samples, find the exit, and get the good deals without getting run over by a shopping cart. It's time for you to share with the audience. Naresh Vissa. Naresh Vissa 26:53 Thanks a lot, Keith, for having me back on the show. Always a pleasure to connect with our loyal GRE listeners and followers, Keith Weinhold 27:01 a lot of loyal listeners, some that have listened to all 600 plus episodes, starting from back in 2014 and Naresh we continue to see income property builders provide incentives that we haven't seen in years. Tell us about it. Naresh Vissa 27:19 We're at a key point in this real estate cycle, Keith, regarding incentives, because we had GRE, and I think investors will tell you this, not just through GRE, but maybe in their hometowns and their local markets, that they're seeing incentives that they've never seen before, and a major reason for this is understanding why these incentives are there in the first place. If we go back five years to 2021 we didn't really see any incentives in 2021 outside of maybe like one year of free property management, which isn't the most enticing incentive out there, but today we are seeing more incentives than we've seen, at least in my career as a real estate investor, which is not very long, it's only about 10 years, but in my career as a real estate investor, in my career as a real estate investment coach, and a major reason for that is because providers, we call them providers, we can call them local market builders, or specialists, or flippers, wholesalers - we'll just call them sellers - they want to offload inventory, they want to sell their homes as quickly as possible. And why is that? Because we're not in a 2021 environment anymore, where a property gets listed and within three hours the first offer comes in, and within 24 hours multiple offers are in, and within two days of property is sold. We're not in that environment anymore. There are a variety of factors about why we're not in that environment. Part of it is economy related, part of it we talked at length about Doge, and the government contracts that have been cut. I mean, we're talking about hundreds of billions of dollars that are worth of dollars that are no longer pumping into the US economy, and the many jobs associated with that. We're also talking about the artificial intelligence, so the tech industries for the last few years, have not necessarily downsized, but changed their job functions, or removed, just eliminated job functions entirely, and this has affected markets, not the entire United States, but it's certainly affected some markets that we operate in, Florida, certainly in Texas, you can look at Austin, Texas, for example, and see the impact that the artificial intelligence and AI has had in the sector there. There are just all sorts of reasons, and so this is why builders, they're not building as much. So there were five years ago what are called spec homes. And pre construction homes, pre construction homes are homes that are to be developed and they get buyers ahead of time and they don't build until they get a buyer and then they build and they complete the property. Pre construction homes are not being done anymore as compared to custom home. A custom home is when you have a buyer and the building has started, the buyer has paid a good portion of the building, and the property is complete. But in pre-construction, they haven't even broken ground, they haven't even gotten permits, and a lot of investors have been scared away from that, saying, Why get a home like that when I can just buy a spec home or a custom home. A spec home is a home where the builder just builds a property and they hope that a buyer is going to come after it's built, and the problem with that, as we're seeing today, this is why builders are trying to offload their inventory. It's because so many of these spec homes were built because these builders thought, oh, 2021 2022 those are such amazing years, but now in 2026 they built these homes, and there aren't buyers throughout the building process, they weren't able to get buyers, and there still aren't buyers available, so what do the builders want to do, they want to offer really, really enticing incentives, because it's very highly likely they took out some type of construction loan, and they took out some other type of loan, and they've got all this debt on the property. Builders are not landlords, builders build, they want to build something and sell it off. They do not want to hold on to it and let something just sit there, that builders make money by selling their property, so all these different reasons are why we're seeing incentives like we've never seen before. And to give you an example, instead of one year of property management, we're seeing two years of property management. Yeah, instead of closing cost credits, we're seeing builders and sellers in general actually pay money to buyers, so they close on a property. Let's say they, instead of a closing cost credit, you close on a property, they'll literally just wire you or overnight you a check for x amount of dollars, and this is not like $1,000 $2,000 We've had some investors get up to $50,000 mailed to them after closing on a property, so I think this is a really, really good time for investors to find deals. You brought up Costco earlier, I'm like the Costco finder, it's a really, really good time to find deals, because through networks like GRE we have access globally, not just mainland 48 states, not just United States, not just globally, whether it's teak timber parcels in South America or in Central America, or it's duplexes, quads, single family homes in mainland United States, we have access to these deals, to these incentives, whereas your average person, they're just reading some headline saying, oh, real estate is a bad investment right now, and home values are supposed to crash, and there's so many homes available for sale, and there's going to be this big crash, and and inflation is very high, which means interest rates are really high. That's like the general consensus, but that's what the mainstream news media is telling, and that's what's creating a consensus. Keith Weinhold 33:29 That's what clicks and fear. Yes, Naresh Vissa 33:31 that's where I say that there are GRE is here to find those diamonds in a rough to find those incentives to find those good deals to find those markets, just like even in the stock market, the stock market can be at all-time highs, but you can still find those diamonds in the rough that are good, high-quality companies. Maybe they're undervalued. There's always going to be some type of diamond in the rough. I don't think we've ever gone through a period in our lifetimes where it was like, oh, everything is going so well, and there's nothing to invest in. There's nothing we should just do nothing with our money. I don't think there's ever been a point. There's always in any asset class in any industry. So that's why I say right now I'm seeing incentives. That's how I began this conversation. I'm seeing incentives that I've never seen before, and I'm excited to share them with all of our GRE followers. Keith Weinhold 34:24 Yes, there's never perfection in a market like a panacea, where everything is tuned in just right, and it's really not a buyer's market nationally, in a sense. Now it sort of feels that way, because in 2021 to 2022 we had such a frenzy and such a run up in such a seller's market that things have come somewhat back more into balance. We still have substantially less than six months of supply on a national basis, but yes, to your point, some people are really cashing in on. These incentives, and that's created a pickup in activity recently that you've seen with investors. Naresh Vissa 35:07 I have absolutely seen a pickup in activity, and there could be.. I don't want to speak in absolutes.. there could be a variety of reasons for this. Number one is the stock market has consistently reached all-time highs for the past few weeks or so, and many people, they liquidated some of their portfolio, they liquidated some of those stocks, and said, all right, it's time to get into real estate. Another reason is, yes, you do see these headlines that are doom and gloom, next big crash, and there are some markets in Florida, for example, in Texas, for example, in the DMV area, DC metro area, Maryland, Virginia, and even in some parts of California, you do see a stagnation in home values, maybe even a decline in home values in some of these areas, but I bring them up because some areas where investors own are still thriving and doing really well, and many of those investors who we work with at GRE, they opted to 1031 and say, you know what, I had this property, it appreciated by 60% since I bought it, 60% 50% whatever it might be, and I want to cash out. Well, I don't want to necessarily cash out, but I want to sell in 1031 into an undervalued market, or a market where the homes have declined, or maybe it's an up and coming market. For those who don't know, 1031 is special tax favored strategy from the tax code that allows real estate investors to sell a property and to essentially replace it with a like kind property, and there's tax break, you don't have to pay a capital gains tax or anything on it. There's nothing like that with stocks. So, if you sell a stock, for example, you can't get a more expensive stock with that capital gain and avoid paying the capital gains tax. Unfortunately, you can't do that for stocks, but for real estate, you can. So, we've had several investors do that, where they, 1031 they said this market, it's taken off, maybe it could go down, who knows, but I'm selling at the peak, and I want to buy somewhere else, so that's what we help people do, that's what I help people do, I help them find those deals, those incentives, those markets that could be up and coming, or maybe that declined, and that's why still it makes a lot of sense to be on the lookout for those deals. Keith Weinhold 37:47 Now, one such place is potentially the Oklahoma market. Last week here on the show, I had your co-host for an upcoming event with me, Richard, whom is an Oklahoma City provider, and we were sort of a phrase that I use, Naresh, is that next place, that next place, Oklahoma City, where the prices haven't run up, it's business friendly, and you do have these affordable prices, and you have landlord-friendly laws, potentially that next place where your dollar goes further, and as the Oklahoma City Thunder go deep in the playoffs, you know the nice thing about Oklahoma is that you can still buy real estate there without needing an NBA contract to afford it. In fact, we were spotlighting their $145,000 new build detached single family rental. Now it is tiny, and it comes with both LVP flooring and granite. I mean, it's something that sort of sounds like science fiction in Metro New York City and coastal California. I don't know if paying 145k would even give you permission to look at a house, but that's one opportunity that we've been talking about here. Niresh, Naresh Vissa 39:03 let me talk a bit about Oklahoma, because this is a market that we haven't covered much. In fact, we, I would say, have never covered it in writing. It's not heavily featured throughout GRE's history. Yeah, it's not prominently featured on our website. This is a newer market, and I brought up the term up and coming, so I brought up the 1031 people are 1031 into up and coming markets. Oklahoma is an up and coming market. It's a very landlord friendly state, it's a very tax friendly state. The property taxes are significantly lower in Oklahoma, for example, compared to a Texas or a Florida, which are two very popular in real estate investment states. Investors go after Oklahoma is not quite as high, their home insurance isn't anywhere as high as a Florida, for example, but the best part. It is because of all these different factors. Oklahoma has a lot of industry, and we'll go into it this Thursday on our webinar. Go to GRE webinars.com to register, but Oklahoma, the tourism is getting up and running. The energy industry still has a very important part to play in this world's energy consumption, Oklahoma, it's got huge academic areas. You have Oklahoma University, you have Oklahoma State, you have a plethora of Tulsa has a very strong university there. You have medical schools there. Oklahoma is an underrated state. People don't think about Oklahoma when they think about what are the greatest states in America, or what state that I want to move to, but Oklahoma, I think, is that next up-and-coming state, because there's actually more stuff now. I brought up tourism, you brought up the Oklahoma City Thunder, they never had really any professional sports teams, what, 20 years ago, Keith Weinhold 41:02 right? Naresh Vissa 41:03 And the Thunder now are the best NBA teams. They have been the best, and I'm rooting for them. So this is all good. That's the Oklahoma City area, where the Thunder play, but, like I said, I brought up other markets, like Tulsa, where we have inventory, and there are a few others that we're going to cover, but mostly the best properties that we're going to cover on Thursday are in the Oklahoma City area, places within 45 minutes, 50 minutes from Oklahoma City. So, as you're watching the webinar and following the Oklahoma City Thunder, that should only kind of enhance as the team does better and as Oklahoma gets more publicity, and is on TV more, and you see all those nice stills on TV, and those shots, and ESPNs covering the city, that's all very good for real estate, and for publicity, and this is like an intangible reason to invest in Oklahoma that actually makes a very big difference. So, overall, Oklahoma is what I would call, like I said earlier, up and coming, the home values, because it's up and coming. You can't get $145,000 new construction property anywhere in the United States right now. When I say anywhere, there's a little bit of hyperbole there. If you look to some boondock towns and cities, yeah, you'll find them, but are they really good renters markets? Are they good appreciating markets? Well, in fact, the most of the state of Oklahoma is now, and definitely that Oklahoma City area is. So, I'm excited about this online special event we're having this Thursday, because, like I said, this is a new market, just like the team, I mean, so many fans are just new to Oklahoma, you know, like Oklahoma, like what's in Oklahoma. Well, attend our special event this Thursday, GRE webinars.com and we're going to get down to the nitty gritty of it. I think this is out of all the up and coming markets I've covered over the last 10 years, I think this is the best one, because the problems I had with some of these up and coming markets, like Memphis, for example, crime.. it's why are they up and coming? Why are the home value solo? Well, you know, crime was a major issue. There's no comparison between an Oklahoma City or a Tulsa and Memphis, for example, or a Baltimore. There's no comparison when it comes to esthetics, when it comes to newness, niceness, crime, homicides, no comparison. So, to me, this is a no-brainer. And I think investors should be really excited about this. Keith Weinhold 43:32 There is anticipation for Thursday's live event, which you can enjoy from the comfort of your own home. You'll learn about real estate investing, you'll get to chat with Naresh and the co-host, Richard, that provides there. Ask any questions that you want to have answered in real time. The event name is why investors are targeting Oklahoma real estate this year. It is this Thursday night, the 20-eighth, 8pm Eastern, 5pm Pacific. Sign up is open@grewebinars.com It's free. Naresh, we all look forward to seeing you Thursday night. It was great having you here. Naresh Vissa 44:06 Thanks a lot, Keith. Looking forward to seeing everybody. Keith Weinhold 44:15 Yes, the Oklahoma City Thunder are the reigning NBA champions, and they've gone deep into playoffs again this season, but what you'll find more interesting about Oklahoma City's real estate investment market is that it's business friendly, still affordable population growth, job growth. There are still good deals. You don't need to have a venture capital exit just to put some rental property in your portfolio, and while those $145,000 properties are small detached cottages with LVP and granite, there are other single family rental and duplex styles, all new build, everything here is new construction, the. Like a nice looking 565k duplex in Edmond, Oklahoma. I'm looking at a photo of it right now. Edmund abuts right up against Oklahoma City. Between 2010 and 2020 it had whopping population growth of 16% That is not random. People vote with their moving trucks. Learn more about Oklahoma's growth in energy, aerospace, aviation, logistics, and tech, along with Oklahoma City's downtown revitalization. This creates the rent-paying tenants with stable incomes that we need at the event, the provider is even offering two years of free property management, and they handle all the tenant placement for you. Save your spot for Thursday now@grewebinars.com Our team will see you then. Next week, we'll have Rich Dad Poor Dad author Robert Kiyosaki back here on the show with us. We'll see you Thursday. I'm your host, Keith Weinhold. Don't quit your daydream. Unknown Speaker 46:08 Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively. Keith Weinhold 46:36 The preceding program was brought to you by Your Home for Wealth building get richeducation.com
Beyond Real Estate: Unpacking the Real Message of Rich Dad Poor Dad.Welcome back to the Social Chameleon Show! Today's episode unpacks the real lessons (and common misconceptions) behind "Rich Dad Poor Dad", that famous book you've probably heard is just about buying real estate. I admit spending years thinking that was the whole message… until I finally read the book and realized how much I actually missed.This episode dives into what "Rich Dad Poor Dad" really teaches, like the big mindset shift from earning a paycheck to building financial systems that bring in money. I'll challenge some of the overhyped advice you might find at seminars, talk about mistakes people make when skipping steps, and share simple, actionable ideas to boost your own financial literacy and independence. Whether you're new to personal finance or looking to rethink what you've been told, stick around for honest stories, practical takeaways, and a fresh look at building wealth on your own terms.Enjoy the episode!YouTube: youtu.be/NIMhrf3kFNs Show Notes: TheSocialChameleon.Show/Rich-Dad-Poor-Dad Available on: Apple Podcasts • Spotify • Overcast • Pocket Casts • Castbox • YouTube Music • Amazon Music • Audible • Substack • Everywhere you can listen***
What happens when early success teaches you confidence… and failure teaches you who you really are? In this episode, Christin and Amber sit down with INSPIRED Vibe's Director of Sales Strategy and Enablement, Phillip Lechter, to talk about the unusual journey that led him from the family business of Rich Dad Poor Dad to sales leadership, coaching, entrepreneurship, and helping companies sharpen how they communicate and grow. Raised around some of the biggest names in personal development and business, Phillip learned early lessons about sales, leadership, risk-taking, and skill-building. But it wasn't until the 2008 housing crisis forced him to rebuild after major losses that he truly understood resilience, humility, and the importance of constantly evolving. Key Topics: Growing up around entrepreneurs and major motivational leaders Why learning skills matters more than chasing titles or income The business and life lessons hidden inside failure and reinvention How sales messaging and coaching became his long-term passion Why pivots, persistence, and experimentation create unexpected opportunities If you're building something, reinventing yourself, or trying to become better at leadership, sales, or life, this conversation is for you. It's especially valuable for those navigating career pivots, setbacks, or seeking personal growth. It challenges the idea that success is linear and reminds listeners that long-term growth comes from continuously learning, adapting, and staying willing to move forward even after failure. Like, subscribe, and listen for more real conversations with leaders, founders, and people who are dedicated to growing. Follow INSPIRED Vibe IG: https://www.instagram.com/inspirethevibe/ TikTok: https://www.tiktok.com/@inspirethevibe YouTube: https://www.youtube.com/@inspirethevibe LinkedIn: https://www.linkedin.com/company/inspirethevibe/ Follow the hosts and guest Christin's LinkedIn: https://www.linkedin.com/in/christindaniels/ Amber's LinkedIn: https://www.linkedin.com/in/amberhalvorson/ Phillip's LinkedIn: https://www.linkedin.com/in/philliplechter/
If you want to scale your real estate or coaching business from $5 million to over $10 million, organic reach alone isn't going to cut it. In this special episode, Brent Daniels sits in the hot seat at a live Coaching Inc. event, interviewed by Storyteller Jet, to drop massive knowledge bombs on scaling through paid traffic and content creation.Plus, if you are stuck at $5K to $10K a month, Brent gives you the undeniable blueprint to hit six figures: get over your fear of other people's opinions, stop being selfish with your knowledge, and start livestreaming. If you want to leave a legacy of teaching and impact, this episode is your masterclass. Be a part of the TTP training program now.---------Show notes:(0:00) Beginning of today's episode(1:24) Brent's origin story and how Rich Dad Poor Dad inspired his entrepreneurial journey(2:20) Evolving from wholesaling and coaching to running a high-level Google Ads agency(4:29) Breaking down the "Alex Hormozi" content multiplication strategy(5:38) Why Meta rewards fresh creatives and why you need 30 to 40 new ads every month(7:03) Using a Video Sales Letter (VSL) to pre-qualify your inbound leads(9:25) How enforcing a minimum ad spend ($5,000/mo) protects your sales team(13:38) Biggest mistake entrepreneurs make when outsourcing their Google Ads to consultants(18:16) Stuck at $5K to $10K a month? Why you need to start livestreaming 10 hours a week(20:00) Overcoming the fear of judgment and accents to build a massive audience online(23:08) Using Zoom and a live Google Doc to control discovery calls(25:27) Why slowing down a prospect by taking live notes helps you gauge if they are a good fit(26:36) How Tom Kroll helps entrepreneurs find their true "why" and avoid burnout(29:51) Why overcoming your fear of judgment is the key to leaving a lasting legacy----------Resources:Rich Dad Poor Dad by Robert KiyosakiAlex HormoziMyron GoldenTom KrollJoe McCallJeremy HaynesEcamm LiveStreamYardHubSpot@realbrentdaniels on InstagramTo speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
On this episode of Zen and the Art of Real Estate Investing, Jonathan Greene shares a solo episode breaking down his 10 favorite books for real estate investors. Drawing from decades of experience as an investor and broker, along with insights gained through hosting the podcast, Jonathan explains how each book helped shape the way he thinks about money, investing, leverage, business building, and long-term wealth creation. Jonathan walks through a wide range of books covering topics like mindset, passive investing, syndications, wholesaling, long-distance investing, and financial psychology. Rather than focusing only on tactics, he highlights the importance of patience, discipline, and developing a long-term perspective when building a real estate business. The episode also explores how different books can impact investors at different stages of their journey. Jonathan reflects on how books like Rich Dad Poor Dad, The Wealthy Gardener, and The Hands-Off Investor influenced his own investing philosophy and helped him better understand topics like leverage, operator quality, and asset ownership. Throughout the episode, Jonathan encourages listeners to continually invest in education and build communities around learning. From creating book clubs to discussing strategies with other investors, he emphasizes that reading and ongoing learning are essential tools for long-term success in real estate investing. In this episode, you will hear: • Jonathan's top book recommendations for real estate investors at every stage • Why mindset and long-term thinking are critical for building wealth • How books like Rich Dad Poor Dad and The Hands-Off Investor shaped his investing approach • What investors should understand about leverage, syndications, and passive investing • Why reading and ongoing education can create a long-term advantage in real estate Follow and Review If you enjoy the show, please follow Zen and the Art of Real Estate Investing on Apple Podcasts and leave a rating and review. It helps other listeners discover the show and supports its continued growth. Supporting Resources Connect with Jonathan: Amazon Affiliate Book List - https://a.co/d/0cEtkDWN Podcast - www.zenandtheartofrealestateinvesting.com Brokerage - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/zenrealestateinvesting Instagram- www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties Instagram - www.instagream.com/zenupstate Zillow - www.zillow.com/profile/trustgreene Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/zenandtheartofrealestateinvesting Jonathan's Hub Site - www.trustgreene.com Email - Jonathan@trustgreene.com This episode was produced by Outlier Audio.
What if losing everything became the beginning of your greatest purpose? In this inspiring episode of Voices of Courage, host Ken D. Foster sits down with entrepreneur, speaker, and bestselling co-author Nathan Barkocy to explore the real meaning of True Wealth and how purpose, mindset, faith, and discipline can transform unimaginable adversity into extraordinary success. At just 16 years old, Nathan was a nationally ranked cyclist with dreams of competing in the Olympics until a devastating accident changed everything. After being hit by a car at 60 mph and declared dead at the scene, Nathan woke up from a coma paralyzed and forced to rebuild his life from the ground up. Today, he's the co-author of Old Wealth, New Wealth, True Wealth alongside Sharon Lechter, the legendary co-author of Rich Dad Poor Dad.
On a cramped Ryanair flight to Cyprus, Igor watched a woman type a 50-page report by hand on an ancient laptop. In this episode, that observation opens up into something much bigger. A story about an Air Force Academy that showed Igor his own future before he lived it, every version of himself making the same money, complaining about the same things, and waiting for the same 13th paycheck. And the moment Rich Dad Poor Dad made him realize that working hard on the wrong path just gets you nowhere faster.
On a cramped Ryanair flight to Cyprus, Igor watched a woman type a 50-page report by hand on an ancient laptop. In this episode, that observation opens up into something much bigger. A story about an Air Force Academy that showed Igor his own future before he lived it, every version of himself making the same money, complaining about the same things, and waiting for the same 13th paycheck. And the moment Rich Dad Poor Dad made him realize that working hard on the wrong path just gets you nowhere faster.
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2997: Kathleen Coxwell emphasizes that the most meaningful inheritance isn't wealth, but the financial values that shape how it's used. By teaching principles like earning, investing, credit, and purposeful work, you can equip your heirs with the mindset to build lasting success. These lessons offer a roadmap for raising financially capable, thoughtful individuals who can sustain and grow any legacy. Read along with the original article(s) here: https://www.boldin.com/retirement/passing-on-financial-values-to-your-heirs/ Quotes to ponder: "The best inheritance is the set of financial values that teach respect for money." “Enough money so that they would feel they could do anything, but not so much that they could do nothing.” "Give a man a fish and he eats for a day; teach a man to fish, and he'll eat for a lifetime." Episode references: Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 Ikigai: The Japanese Secret to a Long and Happy Life: https://www.amazon.com/Ikigai-Japanese-Secret-Long-Happy/dp/0143130722 Learn more about your ad choices. Visit megaphone.fm/adchoices
William Parmer shares how education, faith, family support, and bold action helped him move from law enforcement into rental investing, passive income, and the deeper pursuit of buying back his time.See article: https://www.unitedstatesrealestateinvestor.com/create-remarkable-courage-to-buy-back-your-time-with-william-parmer/(00:00) - Introduction to The REI Agent Podcast and William Parmer(00:24) - William's Welcome and Goal to Inspire Investors(00:34) - From Veteran and Law Enforcement Officer to Real Estate Investor(00:46) - COVID Patrol Shifts, Podcast Discovery, and Learning Through Master Passive Income(03:15) - How Real Estate Education Changed William's View of the Paycheck Path(03:56) - Coaching, Cold Feet, and Closing the First Out-of-State Rental(05:56) - William's Family Life and Being a Husband and Father of Four Girls(06:41) - The Kitchen Table Money Conversation With His Wife(08:12) - Choosing Between Single-Family Rentals, Short-Term Rentals, and Mobile Home Parks(08:24) - Why Mobile Home Parks Are More Complex Than Traditional Rentals(10:26) - Mobile Home Parks, Affordability, and Risk Compared With Luxury Rentals(11:16) - Short-Term Rental Risk and Using Long-Term Rental Numbers as the Backup Plan(12:33) - The ABC Plan for Short-Term, Mid-Term, and Long-Term Rental Exits(13:08) - Mid-Term Rentals, Furnished Finder, and Less Management(13:50) - Market Differences in Vacation Rentals, Mid-Term Rentals, and Co-Living(15:12) - Finding Cash-Flowing Long-Term Rentals in Tougher Interest Rate Markets(16:17) - Factoring Property Management Into the Numbers From Day One(17:34) - Researching Appreciation, Local Industries, and Midwest Market Myths(18:21) - William's Zillow and AI Process for Analyzing Out-of-State Markets(21:51) - Using Property Managers for Virtual Market Feedback(22:28) - How to Ask Property Managers About Specific Rental Properties(23:42) - Working With Agents and Property Managers Before Making Offers(24:57) - The Value of Boots-on-Ground Professionals in Repeat Markets(26:29) - Building a Vendor Rolodex Through Local Banks, Managers, and Referrals(27:47) - The Biggest Mistake New Investors Make(28:01) - Analysis Paralysis and Why New Investors Chase Perfect Numbers(29:11) - Why Most Beginner Mistakes Are Not as Catastrophic as They Feel(30:41) - Buying Below Market Value and Focusing on Cash Flow(31:32) - The Hidden Expenses Beginners Forget in Cash-Flow Calculations(32:15) - Why William Recommends Reaching at Least 10 Rentals(33:40) - Mattias's Line in the Sand Against DIY Repairs(35:46) - Local Bank Relationships, ARV Lending, and Flexible Financing(36:37) - How Rental Housing Serves People Who Do Not Want to Own(37:57) - Using Equity, Refinances, and HELOCs to Grow(38:43) - The Golden Nugget: Start With Education(38:58) - Podcasts, Notes, AI Explanations, Books, Coaching, and Meetups(41:11) - Foundational Books for Investors(41:20) - Rich Dad Poor Dad, Cashflow Quadrant, Benjamin Hardy, and Mindset Books(42:24) - Where to Find William Parmer and Breakthrough InvestorContact William Parmerhttps://masterpassiveincome.com/coach/william-parmerhttps://www.facebook.com/william.parmer.2025/https://www.instagram.com/william.c.parmer/https://www.linkedin.com/in/william-cary-parmer-8480382a4/William Parmer's story is a powerful reminder that financial freedom does not begin with perfect confidence. It begins with education, action, and the courage to buy back your time. Keep learning, keep building, and keep moving toward a life that gives your family more options. For more inspiring investor conversations, visit https://reiagent.comIs success destroying your peace? Most pros grind until they break. Download The Investor's Life Balance Sheet: A Holistic Wealth Audit to see if you are building a legacy or heading for burnout. Presented by The REI Agent Podcast & United States Real Estate Investor® https://sendfox.com/lp/m4jrl
In this episode of Next Level Healing, Dr. Tara Perry sits down with New York Times bestselling author, CPA, entrepreneur, and financial literacy advocate Sharon Lechter, co-author of Rich Dad Poor Dad and long-time partner of both the Rich Dad Company and the Napoleon Hill Foundation. Sharon's Origin Story: Money at the Dinner TableSharon grew up lower middle class in a family of entrepreneurs, living between her father's used car lot and her mother's beauty shop, and helping manage rental properties from the age of 10. [4:50] [5:00]Her family also owned orange groves; her father taught her that the oranges were cashflow while the land itself would grow in value—land that later became part of SeaWorld in Orlando. [5:10]Money, assets, and investing were regular dinner-table topics, shaping her understanding of wealth early on. [5:10] [5:24]She became the first in her family to attend college, was the only woman in her accounting classes, and one of the first women in public accounting in the late 1970s, where she learned how companies succeed and fail. [5:24] [5:51]From Talking Books to Rich Dad Poor DadSharon helped build a global company around the first talking children's books with sound strips, licensing with Disney, Warner Brothers, Sesame Street, and Marvel Comics to get kids excited about reading. [6:17] [6:35]After selling that company and moving to Arizona, her oldest son went to college, was lured into credit card offers with “free pizza” and “free t-shirts,” and ended up in serious debt—an experience that took him seven years to repair and ignited Sharon's lifelong commitment to financial literacy. [6:50] [7:12] [7:36]In December 1992, she dedicated the rest of her career to financial education, initially working with school systems. [7:56]Meeting Robert Kiyosaki & Building a Global BrandSharon's husband, an intellectual property attorney, introduced her to Robert Kiyosaki, who had created the board game CASHFLOW. [8:11] [8:33]At the first beta test, Sharon was the only player to get out of the “rat race,” and she loved how the game aligned with her teachings on investing, assets, and the difference between active and passive income. [8:33] [8:46]Drawing on her experience commercializing products, she helped Robert bring the game to market. When he wanted to price it at $200 in 1996, she suggested writing a brochure to explain his philosophy and justify the investment. [9:09] [9:21]That “brochure” became Rich Dad Poor Dad, which they co-wrote and never expected to become a standalone phenomenon; their company was originally branded Cashflow Technologies. [9:38] [9:54]Over a 10-year partnership, Sharon served as CEO, co-authored 15 books, created multiple games and infomercial products, and launched the Rich Dad Advisors series, helping build what became the world's largest personal finance brand in 110 countries and 51 languages. [9:54] [10:09] [10:28]Leaving Rich Dad & New Doors OpeningAfter a decade, Robert wanted to move into franchising, which Sharon felt was not a good model for franchisees; she chose to leave, emphasizing that sometimes you must close one door for others to open. [10:28] [10:41]Shortly after, she was appointed by President George W. Bush to the first President's Advisory Council on Financial Literacy, later serving under President Obama as well—an opportunity she believes she would not have had if she'd stayed at Rich Dad. [1:29] [10:52] [11:08]In March 2008, the Napoleon Hill Foundation invited her to help reinvigorate Hill's teachings, leading her into the world's largest personal development brand. [11:08]
In this episode, Joey Romero sits down with Buddy Rushing, Founder & CEO of White Feather AI, to explore how artificial intelligence is transforming real estate investing and creating new paths to financial freedom. Buddy shares his inspiring journey from serving 16 years as a Marine Officer and aerospace engineer to becoming a successful real estate investor, entrepreneur, and AI innovator — a path that began after reading Rich Dad Poor Dad while deployed in Afghanistan.The conversation dives into Buddy's transition from White Feather Investments to White Feather AI, why the “AI window” is closing, and how investors, agents, and entrepreneurs can stay ahead in a rapidly changing market. They also discuss real estate opportunities tied to AI infrastructure, data centers, and the upcoming Tsunami AI & Real Estate Summit.Buddy Rushing is the Founder & CEO of White Feather AI and White Feather Investments, leading a network that has helped veterans, first responders, and entrepreneurs acquire billions in real estate assets. He is also the co-founder of AI or Die and co-author of The Science of Getting Rich in the Age of AI, combining wealth-building strategies with cutting-edge technology to help others create freedom and lasting impactIn this episode:Buddy Rushing shares his origin story from Marine Officer to real estate investor and AI entrepreneur.How Rich Dad Poor Dad changed Buddy's life while serving in Afghanistan.Why White Feather evolved from a real estate company into an AI-first business.The meaning behind the White Feather name and the mission to support veterans and first responders.Why AI is becoming essential for real estate investors, agents, and business owners.The reality that AI will not replace you — but someone using AI might.Discussion on how up to 50% of agents and service providers may struggle to survive without adopting AI.Why the “AI window” is closing and why early adopters have a major advantage.Real estate opportunities tied to AI infrastructure, data centers, and billion-dollar developments.Buddy's “Real Estate Goldmine” strategy tied to the Hyperion data center project.How AI can improve efficiency, reduce costs, and automate repetitive tasks.The role of AI in helping investors analyze markets, identify opportunities, and scale faster.Insights into the upcoming Tsunami AI & Real Estate Summit and the value attendees will gain.How AI is reshaping the future of investing, entrepreneurship, and financial freedom.Why collaboration and community create long-term success in real estate and business.Buddy's mission to help veterans and first responders achieve true freedom through investing and technology.The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669. For more information on hard money lending, go to www.thenorrisgroup.com and click the Hard Money tab.Video LinkRadio Show
Today, Jason sat down with Caleb Christopher to break down how creative finance is actually being used in today's real estate market, especially for property managers looking to grow beyond traditional deals. In this episode of the #DoorGrowShow, property management growth expert Jason Hull and Caleb Christopher discuss strategies like subject-to deals, the due on sale clause, wraparound mortgages, and other creative transaction structures, along with how property managers can use these tools to acquire more doors, help investors expand their portfolios, and even build their own. You'll Learn [00:09] Introduction to Creative Finance in Real Estate [01:01] Caleb Christopher's Entrepreneurial Journey [04:39] Understanding Subject To Deals [10:10] Opportunities for Property Management Business Owners [11:45] Navigating Legal Counsel in Creative Finance [14:17] Understanding Wraparound Mortgages [19:45] Creative Financing Structures [22:27] The Role of Creative Transaction Consulting [27:06] Building Relationships in Property Management Quotables "If you have a business and you don't know what to do with those opportunities, other people do, and you can get paid a referral fee." "The due on sale clause is always going to be a stone hanging over your head. You can't get rid of it." "Your low-interest mortgage is an asset I'm willing to buy." Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Jason Hull (00:01) Five, four, three, two, one. All right, welcome everybody. I'm Jason Hull, the founder and CEO of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. For over a decade and a half, we have brought innovative strategies and optimization to the property management industry. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now, let's get into the show. All right, so in today's episode, I'm hanging out here with Caleb Christopher. Welcome, Caleb. And we're gonna be chatting about creative finance and what it really looks like in today's real estate market. And Caleb's gonna share practical insights from his time in the industry, breaking down strategies like Sub 2, Subject 2 Deals. Caleb Christopher (00:46) All right, thank you. Jason Hull (01:01) the due on sale clause, wrap around mortgages and other creative transaction structures to give a helpful real world perspective for anyone looking to get started in creative finance. for property managers, know creative finance is how you help your investors get into more units and they all want to manage more units. So cool. Welcome Caleb. Caleb Christopher (01:24) Thank you. I live creative finance, so ask in any direction. Jason Hull (01:26) So, yeah, it's your thing. Yeah, yeah, you live it. It's your middle name, right? Yeah. So Caleb was showing me he has paint on his arm from right, like, I don't know where he, yeah, he's been doing some stuff. He's like legit into the work. He's got rental properties. So he's down in the, in the paint. So Caleb, give us a little bit of background on yourself. Caleb Christopher (01:32) Yeah. Yeah. I've got rental properties. Jason Hull (01:51) at kind of your, how did you get into doing what you're doing now? What's sort of your entrepreneurial journey for the entrepreneurs listening? Caleb Christopher (01:58) Yeah, so entrepreneurship has gone way back for me. What, I'm 38 now? I'm almost 39. 39 feels a lot closer to 40 than 38, by the way. ⁓ As an entrepreneur, I'm like, wait, that's like one of those. Anyway, so. Jason Hull (02:06) Yeah, yeah. It's a milestone, yeah. I'm a decade older than you. was born in 77. So I'm feeling even older now. Keep going. Caleb Christopher (02:18) Okay. You look fantastic. So entrepreneurship in fifth grade, I found these mechanical pencils that would come apart in the middle and they were different colors. And I bought them in bulk at Costco and resold them to my classmates in whatever color combinations they want. Mates started making money. I was like, this is kind of cool. And I like customizing stuff. So that was cool. And then a bunch of little stuff like that. And it ended up where I ran a paintball field out of my parents' house in the woods. I liked working. like work as my hobby. Jason Hull (02:23) Thank Yeah. Okay. Yes. Caleb Christopher (02:48) but also paintball. I've got a 12 year old, we're building a paintball course in my, at my house now, cause he's just starting to get into it. So, but I did that and I bought rental gear and I funded my paintball journeys by having other people rent from me. And so that was that. And then I got into IT and cybersecurity consulting. So entrepreneurship has been a thing where I'm just always adding value, always had a second job, some, some other gig where I like to help do creative problem solving. Jason Hull (02:48) Yeah, fun. Yeah, good time. Nice. Yeah. Caleb Christopher (03:15) And then I discovered real estate when I couldn't sell my house. The one I'm in right now was right next door to family, which was great, but I couldn't sell the one I was in. And so I had to rent it out and I became an accidental landlord and refinanced the property. And then I read Rich Dad Poor Dad and I was like, thank God I have a rental property. And that was the beginning of the real estate journey. Jason Hull (03:27) Yeah. Right, right. And everybody, you have to read Rich Dad Poor Dad. I think it's a requirement. And then you want to get out of the rat race and yeah, yeah. We would play. Caleb Christopher (03:41) Yeah. Yeah. Start building wealth. Just treat, treat houses like a retirement account. Slow building. Even if you don't do anything else, if you get a few rentals, you're in a pretty good shape. Jason Hull (03:56) Yeah. Have you seen Robert Kiyosaki's game, the board game? Yeah, probably. Maybe it does all the math for you. ⁓ yeah. We did it the hard way and I would just make my wife do the math. I'm like, go ahead, Sarah. You do this. She's like, she likes it. She thinks that part's fun. Yeah. Right. That's why she's the COO and not me. Caleb Christopher (03:59) Yeah. It's easier to play online than it is the board game. It does. Then you don't have all the little cards handing back and forth. So yeah, I highly recommend just running a private game on a computer. Okay, what a blessing. Jason Hull (04:25) All right, so cool. Well, let's get into this. Let's get in this topic. So tell us about the first thing mentioned in the intro was like the subject two deals, like this strategy. Caleb Christopher (04:39) Yes, so sub 2 is when you take a property subject to something else. It could be a federal IRS lien. It could be the person's mortgage. It's always, by the way, everybody does sub 2 deals and they just haven't thought of it this way. When a utility company comes to dig up a chunk of your yard and you can't say something about it, that's because you bought it subject to easements, rights of way, etc. So... Jason Hull (04:52) Okay. Yeah, easements. Caleb Christopher (05:04) There are external things that can act upon you or your property because you bought the property subject to them. What we do in subject to deals is we add the loan to the list of things taken subject to. So if the mortgage company notices that you sold a house to me without paying off the mortgage, right? The deed transfers to me and I'm making your payments now. That's a sub two. ⁓ if they notice and if they care, they can accelerate that loan because of the due on sale clause. So kind of two birds with one stone with this description. It exists in every. Jason Hull (05:24) Yeah. Yeah, doesn't that void most loans or? Caleb Christopher (05:34) loan I've ever seen. Maybe not in a seller finance loan if you explicitly exclude it. It's not required, but a due on sale is a good protection for a lender to have because if you transfer and if they care, they can accelerate. It doesn't require them to. They can. Jason Hull (05:36) Right. but they can and some terms in loans I believe also if you if it switches ownership, they it says it maybe negates the terms of the agreement or. Caleb Christopher (05:59) Nope, it doesn't cancel anything else. it's, and a lot of people are like, is sub two illegal? No, it's not illegal. Here's when it is illegal. If I'm borrowing with the intent to hand it to somebody else, the deed, it was never my intention to occupy the property or to satisfy the requirements. And I'm misrepresenting or providing materially false information. That's fraud and that's illegal. However, Jason Hull (06:04) Thank Okay. Okay. Caleb Christopher (06:24) If I buy the house and I move into it as my primary residence or whatever the occupancy requirements are, and then I decide later on to sell it subject to the mortgage, I can do that. And that's a violation, a civil violation of the mortgage contract, which says if you transfer without paying us off or without our permission, we can accelerate the loan. But it's a defined default and a defined remedy. Jason Hull (06:42) I see. So I had a client and what he was doing is he was helping facilitate deals and his way of kind of getting around stuff was he would set up a trust. He would place the business, the current owner of the property as, you know, as one of the members of that trust. So they still had that person in place. They would just decrease their ownership stake through the trust, right? So. Caleb Christopher (07:07) Still technically a violation of the due on sale clause. Some people think Garn St. Germain Act protects an investor like all trust acquisitions from a due on sale, which is not true. By the way, a little more background. I'm very technical. read laws and rules and court cases. so if anybody's got a, I'm giving you a real technical answer here, not an attorney though. The Garn St. Germain Act protects family transfers, but not an investor purchase, even if you leave the seller as a partial owner. Technically it's still a violation. Jason Hull (07:16) Yeah. Yeah. I love it. Mm-hmm. Got it. Yeah. Caleb Christopher (07:36) but it's less likely they'll notice. Jason Hull (07:38) I see the sub two guys, Pace Morby or whatever his name is. And I just see a lot of people saying, this is illegal or you can't do this. And people come after him all the time. And I don't know. I don't know what. I'm not as technical maybe as you. So I don't know. What's your take on that? Caleb Christopher (07:54) It's absolutely not illegal. It's illegal to misrepresent something at any time, but there's no duty or compunction in the contract for me to notify you as my lender that I've transferred the property. Even if there was, that would just be another violation of the mortgage contract and not something criminal. Jason Hull (08:05) Got it. Got it, okay, right. You're not going to jail over it, but okay. So if you're doing the subject two or if like some of the property management business owners listening are wanting to maybe take over the ownership of some of the rental properties that they're. Caleb Christopher (08:23) Yeah, dude. Can I say that is, think, the number one opportunity for a property management company owner is you can either do acquisitions for yourself by taking over tired landlords' properties. My goodness. Hey, are you tired of this property? I'll take the deed. I'll pay you X cash and I'll just take over the payments. Huge opportunity. Also playing middleman, if you know sub 2 investors. If you've got tired landlords, you have an opportunity. Jason Hull (08:30) Yes. Hmm. Caleb Christopher (08:51) You can be the buyer or you can be the middleman who finds the buyers who are willing to take those over. And if it's older debt with a lower interest rate, I'm telling you, I will pay more for that property than I will for to get a new, the same property with a new loan. Jason Hull (08:56) Right. Yes, yeah. So, I mean, really, the smartest thing a property management business owner can do is build up their own portfolio, right. And rather than just helping everybody else build up theirs. And we've got a client and he I think he has like he has two, three hundred doors in his business. He owns all of them. He basically just uses his property management business as a honeypot. People come to him, say, hey, I need management. And then he he said, well, let's take a look at your property situation. And then he's like, yeah, well, if you sell this, you're going to have all these taxes and all these issues. And man, if only there was a way you could still get paid on this, but avoid that. And then he convinces them to do seller financing without telling him it's seller financing, sort of. Right. And so then he like just takes over the ownership and he keeps paying them to pay them off. And so he's got this really sizable portfolio. And during the, when the Caleb Christopher (09:37) Hmm. Jason Hull (09:56) If the market shifts a certain way, he's taking on millions of dollars in assets pretty easily, you know, having these conversations. And so, yeah, I think there's definitely an opportunity for property management business owners to be paying attention to this. Is there anything else you would want to say about subject two that maybe they should be aware of or? Caleb Christopher (10:10) Yes. I mean, there's plenty of discussions to be had when you get down into the details. Knowing what it is is the first stage. I would just remind back on this last point, if you have a business and you don't know what to do with those opportunities, other people do and you can get paid a referral fee. So don't sit on the fact that you've got tired landlords. Send out a survey and like, if somebody came to you with an offer today, would you sell? Jason Hull (10:17) . Right. Yeah. And the thing is, as a property manager, they have this, they have several advantages, but one, they know the market, they know which properties would cashflow the best, they know what they could rent for. They're connected to real world reality, unlike a lot of real estate agents in the market when it comes to rentals. And they have a large portfolio of owners. So if one owner is like, want to sell, they've got a whole bunch of others. They could say, Hey, do you want this? So they could do that middleman thing that you were talking about. Okay. Love it. think it's, it's just smart. And, it sounds like the biggest challenge would be the, the sound like the, sounds like the most difficult piece of this would be, how do I get really solid legal counsel for making sure that this is done or structured the right way? Or we keep the loan intact. Caleb Christopher (11:06) That's it. We're done with the episode. That's the main point. Excellent. Yeah. So one thing, the due on sale clause is always going to be a stone hanging over your head. You can't get rid of it. And if you can't take that heat, you got to stay out of the kitchen, basically. That said, I have resolved due on sale on consumer loans, not DSCR. I've resolved due on sale with consumer slash investment property loans for the individual buyer borrower. But where was I going with that? Jason Hull (11:30) Yeah. How did you solve this? Is this like a trade secret or can you share with the audience? Caleb Christopher (11:48) Nah, so the broad strokes are pretty obvious. It's the details that kill you. it's basically, if I bought your house subject to, and they accelerate the loan, then I'm going to try to call them and negotiate them away off the cliff, right? Like, hey, I'm making the payments. What's really the problem? Can I assume this? What options do we have? If they're inflexible, the bigger banks, then I'm going to have to go with technical compliance, which is I'm going to deed the property back to you. Jason Hull (11:54) Yeah. Caleb Christopher (12:15) And then we just get into this whole thing like, yeah, but what if I deed it to you and you don't sign the next document back to me to let me continue like a master lease where I keep all the profits or whatever we want to call it. Ideally, we just restructure the transaction with paperwork that's either less visible or completely acceptable to the lender. Jason Hull (12:31) Got it. So this is just a conversation with the lender, basically, hey, this is what's happening. How do we make this work? So everybody's happy. Caleb Christopher (12:37) and the bigger banks will not tell you how to make it work. They'll just require you to show evidence that ID to the property back to you. But that's only one part of the puzzle, because we still need to restructure the transaction internally. Jason Hull (12:44) I see. Okay. Right. So then it's between you and the homeowner. Yeah. Got it. And there's just making a a deal where they're making your there's money being exchanged, even though the legal technical ownership hasn't really shifted. Caleb Christopher (13:04) Right. There's a paperwork dance around any obstacle. Now you asked about legal counsel. Lawyers are good at saying no. I'm not going to discourage. Here's my law degree right here. I don't have one. So yes, I'm never going to discourage somebody from getting an attorney involved. My concern is a lot of times they don't have the direct experience on these types of deals. And when they see risk, they say no. ⁓ Jason Hull (13:10) Right. That's their default. Right. It looks just like mine. Yeah. Yeah. That's the safest thing for them to do. Caleb Christopher (13:30) That's right. And when I go to an attorney, I'm like, I'm not, I'm paying you to tell me how not tell me no. Jason Hull (13:37) Right. The pre-frame with attorneys is everything. I say the similar thing. You don't go to the attorney and say, hey, how can I get out of this horrible contract with this franchise I'm in, for example? It's this is what I want to do. What's the best way to do this? I'm going to do it. Yeah. So you give them the right pre-frame. Caleb Christopher (13:49) Figure out how. Well, you can't because there's this risk. And I'm like, yeah, there is risk. I need to accept a few risks here because let's be outcomes oriented. And if you can coach an attorney to be outcomes oriented before you start spending a bunch of money on them, then great. That said, I've had a hard enough time finding that in every state. that's why entrepreneurial, I started Creative TC, which is transaction consulting, because I've been there and I've done that with dozens of deals per month for the last four years next. Jason Hull (13:59) Yes. Yes. Caleb Christopher (14:17) in a couple of weeks here. we've touched literally thousands of these deals. We've seen them up, down, left, right, sideways and back. Jason Hull (14:18) Got it. Yeah, so the short answer is call Caleb. Yeah, okay, cool. So the next thing is like, we talked about the do on sale clause a bit. I don't know if there's anything else to mention on that. And then we can go into wraparound mortgages. Caleb Christopher (14:27) Yeah. Yeah, I love it. Jason Hull (14:40) I'm not familiar with wraparound mortgages. Caleb Christopher (14:42) Okay, it's like you ever go to Chipotle and they make that big fat burrito? What if they put a second tortilla around it? Jason Hull (14:47) yeah. then it's way less likely to break open. Caleb Christopher (14:53) Very good. Very good. I think there's a lot of good analogies here with wraparound mortgages. So mortgage is a contract that says, by the way, a lot of people get this backwards, a mortgage, you give the bank a mortgage, they gave you a loan. It's not the other way around. So when you give the bank a mortgage, you're saying, hey, in exchange for this $500,000, you can foreclose if I don't pay it. That's the mortgage. It gives them the right to foreclose. We want to do that to be ethical. If I bought your house subject to the existing mortgage, ideally we would do something called a mirror wrap. Now, if you had equity and you wanted to finance me a larger dollar amount than what you owe, can change that. But a mirror wrap says, hey, here's the existing loan. We're putting another one around it. That way you can foreclose on me for non-payment, just like the bank can foreclose on you. So if I don't make your payments, you can still pay your payments so that your loan is in good standing and they can't foreclose on you. But Jason Hull (15:33) Thank Caleb Christopher (15:47) when I'm not making payments, you can foreclose on me. So a mortgage basically just says, you have the right to foreclose on somebody for violating the terms of the mortgage. Jason Hull (15:58) Yeah, okay, clever. Caleb Christopher (15:59) as opposed to a naked sub 2. Like if I just took the deed and said, I'll make your payments. Cool, but yeah, yeah. It's like, but wouldn't you like the ability to foreclose if I don't? That's a wraparound mortgage. Jason Hull (16:04) Yeah, cool. If I really trust you, but trust the verify, right? So. Right, yeah, like worst case scenario, it's like, you know, just like getting into a relationship pre-nup, post-nup, like making sure there's, like if things go bad, which nobody plans on, it's not gonna be as bad. Yeah. Caleb Christopher (16:25) Right. It's a stop loss, right? It will cost you money to foreclose on me, but your credit's on the line, so you can still protect it to some degree. Jason Hull (16:34) Okay, yeah, cool. I like it. And I would imagine the owners like this too. Everybody likes this. This makes everybody feel safer. Caleb Christopher (16:42) Yes, so that's one aspect is it's the safe legal ethical way to do it. The other piece is that you can use if I've got a 4 % interest mortgage. Actually, I've got one that's a 3.625 a sub 2 in Colorado. If I sold this to a new buyer right now on seller finance, I would give them a wraparound mortgage. But what would I be doing? Would I pass that 3.625 to them? Jason Hull (16:46) huh. Mm-hmm. Well, no, you get a cut, right? Yeah. Caleb Christopher (17:07) I would rather mark it up to 8 % or seven or so, whatever's practical today. So I can keep the difference. can arbitrage the interest rate. So wraparound mortgages work not only for the ability to foreclose on a non-payer, but you can also increase either the total amount financed or the rate or both. And so wraparound mortgages can be used to transfer as a profit mechanism as well. And when you own the house that I sold you, I don't have to fix your toilet. You just have to pay me every month. Jason Hull (17:36) Right, so in the case of the audience here, like property management business owner, they don't want to, like they could take over the property themselves, but they could also facilitate the deal and for the new owner, it's a higher percentage and they're just keeping the difference. Caleb Christopher (17:41) Mm-hmm. Sometimes you've got a tenant who has lived in a property for five years and they're a great tenant. You like, you want to help them out, but they can't seem to get a loan. It's like, all right, well, I'll let you make payments on this one. I don't like rent to own. Not the same because that's up your, you're conveying interest to them monthly. It's a convoluted mess. I would rather do a straight seller finance like this, where we do a wraparound mortgage and I'll bump the rate and you're going to pay me a premium, but you're going to get ownership. Jason Hull (18:04) Yes. Yeah, got it. Okay. Yeah, that's a healthier, safer way. Caleb Christopher (18:20) And now I don't have to replace light bulbs or fix toilets or repair the roof or whatever else goes on the plate. Jason Hull (18:27) Unless you're the manager and you get paid to do that. Caleb Christopher (18:30) What? It moves out of property management at that point if it becomes a seller finance. Yeah, they're the owner now. Jason Hull (18:33) because somebody's buying it. They're not renting. Got it. Yeah. OK, cool. Yeah, I like this idea, the wraparound mortgage. OK. Are there other types of wraparound mortgages? Is that the main thing? Caleb Christopher (18:45) Now they're specific to your situation like what's best for you and what state you're in etc. I just had a conversation with somebody who used up all their available cash to get rent properties. Right, so they got three or four rentals, but they've got no cash left and they've got good interest rates and I said you could sell those on wraps and increase your cash flow every month and get a down payment from somebody and she was like what? Jason Hull (18:48) Yeah. ⁓ Caleb Christopher (19:12) I said, you want capital to do the next deal, right? Yeah. Okay. Jason Hull (19:12) yeah. Right, so yeah, because that low interest rate is an advantage. So it's kind of sellable. Caleb Christopher (19:20) It is and you can make a monthly bump. Yes, it is your low interest loan. By the way, I just say this to people. Your low interest mortgage is an asset I'm willing to buy. The same house is worth more money to me with a low interest rate than I'll buy sub two. Then it is just on the market on average. Jason Hull (19:29) No. Okay. Yeah, that's clever. Yeah, okay. Got it. Very cool. All right, so other creative structures. any others. Caleb Christopher (19:46) Yeah, so contract for deed or land contract, it's a seller, it's a type of seller finance. If I'm the seller, I like it because I hold legal title. And if I hold legal title, you can't place additional liens. Yeah, so I don't want you placing solar liens without my permission or water softener liens or a HELOC on top of whatever current balance is. So if I, if I sell to you on a wraparound mortgage, you have the full deed, legal title and everything. Jason Hull (19:53) Okay. Yeah. Yeah. Caleb Christopher (20:15) and you can place additional liens. You can use this property as security for other loans. I really don't want that complication in case I do have to foreclose and maybe take the property back if I bid what's owed. I don't want it coming back to me with an extra three liens or $40,000 worth of debt. So contract for deed is pretty ideal because I hold legal title, you get equitable title. And it's same seller finance term, same wraparound concept like markup interest rate and monthly payments and stuff. Jason Hull (20:41) Got it, okay, very cool. These are fun little vehicles. There's like these magic little tool sets that you've got in your toolbox. Any others? Caleb Christopher (20:48) I I like the master lease concept where it's like a sub 2, right? I'll make sure all your bills get paid, but I keep everything that comes back on top. I take it off your plate. I agree formally to cover any expenses related to the property, et cetera, but we're going to do it like a master lease with an option to purchase. Jason Hull (20:59) Okay. Thank Caleb Christopher (21:10) If you're scared of due on sale, or if you've got a DSCR loan that will not tolerate a contract for deed or a trust acquisition or a full on sub two, we can do this custom master lease, which replicates all the parts and pieces effectively without violating that due on sale clause. Jason Hull (21:28) Okay. And I know property managers sometimes are talking about things like, know, they want to get their investors into more property, right? So they're talking about things like maybe doing a 1031 exchange to get into a bigger property maybe, or doing cash out refinance to pull equity out to get into a next unit or next property. You know, these type of vehicles. But these additional tools you... Caleb Christopher (21:35) Mm-hmm. Mm-hmm. Jason Hull (21:54) chat about today I think are very fascinating. I don't think a lot of them I haven't heard them talk about. Caleb Christopher (21:58) Yeah, mean, awareness is the big thing, right? You need to be aware that you can do some of these things, and then you find the person who can help structure it specifically for your scenario. But I see a lot of people who are like, I'm going to do a creative deal. And it's like, on what, though? Jason Hull (22:12) Yeah. Got it. Okay. So, I don't know if there's anything else we're missing or that you wanted to cover, but I think then the next question would be how, where do you fit into this? Cause you have a business that facilitates this or helps with this. Caleb Christopher (22:27) Yeah. So I started Creative TC four years ago and this creative transaction consulting so that we could help make these deals safe, legal and ethical. You can imagine that it's pretty easy to do somebody dirty, whether you mean to or not, with these arrangements when somebody's credits on the line, they're convoluted. And so you need a guiding light. You need somebody to hold your hand, maybe be a lighthouse so you don't crash on the rocks. That's what Creative TC is. And so we consult on these deals nationwide to help people do them safely. Jason Hull (22:35) Okay. yeah. Okay. Caleb Christopher (22:56) And then I started Creative Title this last year to fill a void in the state of Colorado where a bunch of companies were pulling out of creative deals. Jason Hull (23:04) Yeah, got it. So yeah, I get it. Yeah. And I'm sure a lot of times it's not even the, it's, everybody has good intentions, maybe from the very beginning. But when, as soon as something gets weird or sticky or confusing or challenging, then somebody's like, feels like somebody else is being unethical or do them dirty or whatever, or we don't have a, we don't have an exit path or we don't have a clear delineation of, you know, that makes everybody feel comfortable where we can split ways or part ways. so. Caleb Christopher (23:12) Yeah. Money's on the line. Jason Hull (23:32) Yeah, having something structured right from the beginning, they say an ounce of prevention is worth a pound of care, right? And a lot of times I, when talking with my clients, because, know, in property management, have lease contracts, lease agreements, have the agreements or contracts they have with the owners for taking over the management of the property. And I, what I usually say to them is those are nice, but those usually only matter if you use them incorrectly. They only matter when you're at war. Caleb Christopher (23:35) yeah. Yep. 100%. Yes. ⁓ Jason Hull (24:03) It only matter when you're there. So, but if you proactively review the agreements with them and go through it with them and help them understand it, it's then an onboarding tool and it helps set the frame of the relationship and it helps everybody understand. And because it doesn't matter what's written in agreement until you're at war. But before then, what matters is what they think is written in that agreement. And so making sure that you go over things with them to make sure they understand this is paramount. And that like makes like, Caleb Christopher (24:13) Yes. I need, I need this as a sound clip for my team because this is how I train my team as well. I just need it from somebody else because it sounds better coming from not me. ⁓ it's expectations management is absolutely essential, especially in creative finance deals where I'm making your payments, your credits on the line. If I don't make your payments, it hurts your credit score and can cause a foreclosure. The buyer and seller need to have that conversation. And sometimes it requires a third party to help facilitate. Hey, here's what happens. Jason Hull (24:32) in a relationship. Right, so you can use that. Yeah. Caleb Christopher (24:59) Here's how to manage those expectations. Let's look at this. We're not just signing disclosures just because they're legally required or suggested, but we want to have a meaningful conversation and talk through the stuff so that everybody's on the same page because if the due on sale clause comes knocking, we need to be on the same team. Jason Hull (25:14) Yeah, yeah. So my wife and I got married in Mexico because that's we wanted to get married there. And usually what people will do is they'll just do it legally in the US, but they'll do it symbolically in Mexico. And Sarah's like, no, let's let's do both there. Let's do it. And they make you list out your assets. It's almost like they're like proactively making everyone have a prenup, right? Now we already had a prenup. And then our lawyer was like, you also need to have a postnup. So we did that. And it's just like we know, like if Caleb Christopher (25:34) Okay. Jason Hull (25:42) for some reason there was a problem, like things went south, then it's not gonna be all out war, right? It's clear, you own this, I own this, this is how it works, this is how we part ways, here's how we split the business. And so everything, and this is what smart business owners do with their business when they get into business partnerships. And so without that, And I think with your team, for example, the analogy that everybody understands is divorce, because 50 % of relationships in the US probably end that way. Everybody's been like maybe their parents or they've seen a family member or they've seen somebody go through this. And that's the epitome of not having a really solid planned out strategy from the beginning, because nobody was planning on this happening. But, know, an ounce of prevention is worth a pound of cure if you have that dialed in, they're not spending. Caleb Christopher (26:10) Hmm. Jason Hull (26:26) $20,000 in legal fees where only the attorneys are winning and you know, and then you're losing a bunch of stuff and this was yours and they didn't contribute to this, but now you have to give them half and all this kind of stuff. so, yeah, and so you help them kind of make both parties and everybody involved feel comfortable and then you get paid a consulting fee for doing handling this. Cool, very cool. Cool, so I would imagine there might be some property managers listening to this. Any final words you'd like to say to them and how can they get in touch with you if they would like to help you facilitate some of stuff they're working on? Caleb Christopher (27:06) I think the value of a property manager or a realtor is very much in who they know that's vetted. Okay. A realtor, it's like, I know a foundation guy. I know a roof guy. I know a flooring guy, right? That's what I'm paying you for. Not just your commission to take photos and have some conversations. I want to know who knows who you know, you can validate. The same thing is true for property managers. I got a repair guy, very consistent. I've got three different plumbers. If it's this type, I know this guy's got the best rates. That's what I want you to know. when you're my property manager, that's what I'm paying you for. The same thing is true now with Creative Finance. It's like, hey, I know a guy that's an expert that has 255 star reviews at what they do. They only do this thing and they do it really well. So if you want to buy or sell Creative Finance, let me call Caleb. I'm that guy. Jason Hull (27:53) Yeah, mean, a lot of the best property management business owners are viewed by their clients as an investment expert or advisor. And the best investment people or advisors have a whole toolset of people in their back pocket, whether it's trust attorneys or somebody like Caleb, right? They have all these different resources, maybe lenders, you know. They have all these different resources available to facilitate deals. And that's how some property managers are able to help their clients get into more property and have more deals to manage. Or like we talked about at the outset, even better, how to get more ownership stake over all the properties that you're managing and build up your own portfolio and your own wealth. Caleb Christopher (28:37) Yeah, because I should be able to call my property manager and say, who's good at DSCRE finances in your area? Who do you like? I don't know. Okay. Maybe be a little more helpful. Jason Hull (28:44) Yeah. Yeah. Yeah. Yeah, got it. All right. Awesome. Well, Caleb, I appreciate you coming here on the door grow show. How can people get in touch with you? Caleb Christopher (28:57) right. The easiest way, because I own multiple companies, calebchristopher.io. That's got links to Creative TC for the consulting, Dosgard to fix due on sale, and Creative Title Company in Colorado and Tennessee. Jason Hull (29:09) Perfect, awesome. Hey, thanks for being on the DoorGrow show. All right, for those watching this, if you're listening, if you've ever felt stuck or stagnant and you wanna take your property management business to the next level, reach out to us at doorgrow.com for free training on how to get unlimited free leads. Text the word leads to 512-648-4608. Also join our free Facebook community just for property management business owners by going to doorgrowclub.com. And if you want tips, tricks, ideas, Caleb Christopher (29:12) It's been a pleasure. Jason Hull (29:37) to learn about our offers at DoorGrow. Subscribe to our newsletter by going to doorgrow.com slash subscribe. And if you found this even a little bit helpful, don't forget to subscribe and leave us a review on whatever channel you found this on. We'd really appreciate it. And until next time, remember the slowest path to growth is to do it alone. So let's grow together. Bye everyone.
Lal Chand Bisu started Kuku in audio in 2018. Almost everyone in the press wrote them off — the louder competitor was getting the headlines, the VCs didn't believe vernacular India would pay, and the assumption was that short-video would flatten audio. None of that aged well. Kuku FM did ₹242 Cr in FY25 at 175% YoY growth, with roughly 10 million paying subscribers. This is the conversation Bisu, who is just not the kind of founder who walks around telling you these numbers, finally agreed to do.In Part 1, we get into the company history, the pivots, the contrarian decision to cut the free tier, and what 40 million Hindi listens to Rich Dad Poor Dad really mean.Chapter list00:00 — How old is Kuku FM, and what Bisu was doing before (Easy Prep, two and a half years at Toppr)00:02 — June birthdays, coincidence, and Bisu's definition of luck — "most things are out of control"00:04 — The three pivots: podcast aggregator → UGC → PUGC. What killed each one and what was kept constant00:09 — Why vernacular audio IP didn't exist, and why Kuku had to become a studio rather than an aggregator00:14 — January 2021: cutting the free tier and charging ₹399 a year. The investor pushback. Why no ads, ever00:23 — Rich Dad Poor Dad in Hindi: 40 million listens. What that number tells you about the listener that English-first publishers have been missing00:27 — How Kuku's content mix has shifted from entertainment to educational and inspirational00:30 — Audio first, then video. Why audio is roughly 50x cheaper to produce and 50x cheaper to stream00:33 — AI in the marketing pipeline: 500 ads/month → 5,000 ads/month, same cost00:42 — The competitor we don't name. What being the also-ran in the press for years cost — in hires, partnerships, and inside Bisu's own head00:45 — The fundraising history: ~$156M raised, the Granite Asia round, and how much of the last cheque is actually still untouched00:50 — Biggest learnings from unsuccessful fundraising. Why nos are usually the harder, better answer00:55 — Kuku TV: from launch to #1 on India's App Store in four months. Microdrama, the ReelShort wave, MS Dhoni01:01 — Cliffhanger: the Indian Institute of Zombies theatrical bet — and why an audio platform wrote, produced and AI-assisted its own film instead of licensing one. Bisu's answer to this is in Part 2.Things mentioned in Part 1People: Vinod Kumar Meena and Vikas Goyal (co-founders, IIT Jodhpur batchmates); Hansa Bisu (Bisu's wife); MS Dhoni (Kuku FM brand ambassador); Nandan Nilekani / FundamentumCompanies & investors: Mebigo Labs, Toppr, Easy Prep, Pocket FM (the unnamed competitor), Granite Asia, Vertex Ventures, Krafton, Bitkraft, IFC, 3one4 Capital, Shunwei, India QuotientContent & references: Rich Dad Poor Dad (Hindi); Ankur Warikoo's Hindi book; ReelShort; Kuku TV To listen to all of First PrinciplesIf you'd like to listen to all 54 First Principles episodes — that's close to 110 hours of conversations with founders and leaders building India's most interesting companies — please subscribe to The Ken directly, or to our premium channel on Apple Podcasts.Correction: During the conversation, Bisu mentions that the total amount of venture capital raised by Kuku is $170 million. The company has subsequently clarified that the correct figure is $120 million.
“Presence is what remains when you strip away all the noise, all the excess.” In this episode, Nick speaks with Dre Baldwin about his journey from basketball to internet entrepreneurship, emphasizing mindset, self-awareness, and overcoming challenges. Listen in to discover how his experiences shaped his approach to self-mastery and success. What to listen for: Dre Baldwin’s basketball career and transition to entrepreneurship The importance of mindset and self-awareness in success Lessons learned from sports and their application to business The role of discipline and resilience in overcoming challenges Strategies for personal growth and self-mastery “You can have all the right skills, desire, motivation, and resources, but if you’re in the wrong vehicle, you will not get to where you want to get to.” Knowing where we want to go is incredibly important to continuing on the right path Sometimes our “right path” is only really just a leg of the journey, and discernment is important to keep on that path or not This also urges us to consider what we really want and to look at the “vehicle” we're in, honestly and without bias or interpretation. “To get to the actual issue, you really have to find out who’s the person behind the issue. Who’s the person behind the problem?” Looking deeper than the surface at our “why” with our goals and pursuits is critical This speaks to ourselves as well as the people we interact with and work with Getting to know a person, or ourselves, deeper ties in wants, hopes, dreams, motivations, and understanding the person behind the problem helps us understand context. About Dre Baldwin Dre built Work On Your Game® to turn disciplined execution into dominance. A 4x TEDx speaker and 43-time author, Dre played pro basketball for 9 years. Today, he helps experts and entrepreneurs install mindset, systems, and strategy to scale from six to seven figures with presence and power. http://DreAllDay.com http://LinkedIn.com/in/DreAllDay http://Instagram.com/DreBaldwin https://www.workonyourgame.com/ Resources: Check out other similar episodes: The Greatness Inside Of You Like A Superstar Athlete With Darlene Santore How To Not Rush Through The Trauma Storm With David Kitchens Interested in starting your own podcast or need help with one you already have? https://themindsetandselfmasteryshow.com/podcasting-services/ Learn more about our host, Nick McGowan. Thank you for listening! Please subscribe on iTunes and give us a 5-Star review! https://podcasts.apple.com/us/podcast/the-mindset-and-self-mastery-show/id1604262089 Listen to other episodes here: https://themindsetandselfmasteryshow.com/ Watch Clips and highlights: https://www.youtube.com/channel/UCk1tCM7KTe3hrq_-UAa6GHA Guest Inquiries right here: podcasts@themindsetandselfmasteryshow.com Your Friends at “The Mindset & Self-Mastery Show” Click Here To View The Episode Transcript Nick McGowan (00:00.206)Hello and welcome to the Mindset and Self-Mastery Show. I’m your host, Nick McGowan. Today on the show, we have Dre Baldwin. Dre, what’s going on, man? How are you doing? Dre Baldwin (00:11.005)I’m doing great, Nick. How about yourself? Nick McGowan (00:13.004)I’m good. I’m good. I’m stoked that you’re here. I think it’s gonna be a really good conversation. I told you right up front, I missed the memo for the suit. I’m sorry. But I appreciate you showing up and looking how you are. One of the things that stood out to me when you were your team member reached out about you being on the show was your history in basketball. And being able to tie that into the work that you’re doing now, and how your pursuit of your own version of self mastery has really flexed through every single bit of this. So I know there’s a lot of stuff that we’re gonna get into, but that’s one of the main things that really stood out to me. So I’m excited that you’re here. I always like to get things started though with telling us what’s one thing that most people don’t know about you. It’s a little odd or bizarre and what do you do for a living? Dre Baldwin (00:59.369)One thing that’s a little out of bizarre. once went out on a date with a woman who turned out to be a man and What do I do for a living is I hope I get to give context to that. But anyway, what do I do for a living is We have high level professionals with structured execution if I put it in the one statement Nick McGowan (01:12.75)Yeah. Nick McGowan (01:20.218)Cool. I appreciate that. I’m still chuckling a little bit like who in their right mind wouldn’t give you the platform to like follow up on that? Because the first thing I want to make sure is that you’re not saying it in a really hateful way. I assume that’s not the case. And based on what I know of you, that doesn’t seem to be the case. But again, who in their right mind be like, Nope, we’re leaving that they’re just gonna fucking cliffhanger. So go on, tell us the story. Dre Baldwin (01:27.622)You Dre Baldwin (01:46.739)So this is about, I was about 19, 18, 19 years of age. So we are both from the Philadelphia area. And every year in the summertime in Philadelphia, there’s this event called the Greek Picnic. I don’t know if you knew about it. So the Greek Picnic is all these fraternity and sorority organizations, usually the black fraternity sororities, they all have this big event down at, I think it’s the Belmont Plateau in Philadelphia. Then that’s during the day, the picnics during the day. Then at night, everybody goes to this place called South Street. Nick McGowan (02:10.392)Mm-hmm. Dre Baldwin (02:16.553)And South Street is a place in Philly where everybody just goes and walks. So was kind of like Times Square in Manhattan, the Strip in Vegas, Ocean Drive in Miami Beach. You have South Street in Philadelphia. So I did not pledge in college, but every year, even since I was in high school, we would always go to South Street and 90 degree picnic because everybody’s out there. It’s kind of like New Year’s Eve, Times Square. Everybody’s out there. It’s hard to drive, but there’s so many girls out there. You go out there just to talk to girls. So we go out there and talk to girls and I meet this girl. She was interested in me. I’m interested back. So we exchange phone numbers and all of that. And she lived all the way down there near South Street. I lived up in the upper Northwest part of the city. I go and see her. didn’t actually go on. It technically wasn’t a date. We didn’t go anywhere. I just went to her house. We were basically sitting on the steps talking, but we sat there and talked for an hour or two. She had a roommate. Her roommate came by. She went, goes into the house and another guy while I’m sitting there talking to her, another guy comes up. He goes in to see the roommate. So anyway, we have the conversation, whatever I leave. And a couple of days later, I’m talking to this girl on the phone and I think she noticed my naivete. And she said to me, Dre, I want to let you know something. She said, I’m a pre-op transsexual. I didn’t even quite know what that meant. And I was like, what does that mean? I did know, but I didn’t know. So I had her spell it out. And she said, no, I’m guy, I’m not as endowed as you, but I haven’t had the operation yet. And I just didn’t know. My vision was not. tuned enough to have noticed this when it was all happening. And then I was thinking, I was like, well, what about that guy who came by while we were sitting on your steps, who went in the house to see your roommate? Because a roommate was the same thing. Also preop transsexuals. said, well, yeah, he knew the deal. So I guess he thought I knew the deal. I didn’t know the deal. So this was my learning of finding out what the situation was. So that’s the story there. That was 19 years of age. I’m 44 now. Nick McGowan (04:04.396)Man. Yeah, how old are you? All right, cool, I’m 41. So back then, that you really had an opportunity to be a fucking asshole about it. There’s a lot of people, especially in the Philadelphia area, that would have been so pushed away from that, even gotten violent, and really become hateful with it. And a lot of it was normal back then. There was just hatred of other people and just… just bullshit and especially with guys from the area, we would just be douchebags to each other. And then if something like that happened, like your boys could be after you because of it or whatever. So what a cool thing for you to not be a complete fucking asshole about it. Only for years later to understand like that is, that’s gotta be a big, big life transition for people and to not even think about it from their perspective. Like that’s awesome that she said, this is what’s going on. This is where I’m at. That took a lot of courage to even say that and a lot of courage to step out, you know. Dre Baldwin (05:10.899)Yeah. I guess so, because I think she could tell that I didn’t know. So I think most of the time back then, because we would go to South Street all the time and you would see these cross dressing men walking around. And what would happen is men would drive by in cars and I say those are men and laugh and joke and all that and just drive by. And but you could tell even from across the street, like that’s a man. She had it done well enough that I didn’t know. And I had a couple of my boys with me when I met the girl. None of them said anything. So Nick McGowan (05:25.464)Mm-hmm. Dre Baldwin (05:43.294)They didn’t know. And when I told them, they made jokes about it at the, weren’t around the girl. They made jokes about it with me. I didn’t, I just didn’t even notice. But back then with us, it would be like, okay, you could tell that’s a man. We just keep going. But I think they knew the woman or the man dressed as a woman, whatever you want to call this. They would talk to men who knew the deal. And that was just, they were just cool with it. Like that guy who walked into the house while I was there, I guess he just knew. I just didn’t know. And back then it wasn’t even a thing that we were thinking about, not the way it is now. We weren’t thinking about it in that way. Now it’s much more open. But back then for me, it was something I had never come across. Nick McGowan (06:21.452)I always find it interesting how people choose to answer this question and like what the thing is like I even said before we hit record like just don’t tell me your favorite colors purple or something like that so I always appreciate when people bring something up because there’s some some reason for that like that must have shaped you in some sort of way so even if it’s a subconscious thing that yeah it shaped me but you know I really think about it too too much in this context of this conversation as we talk about that how has that actually shaped you And way that you look at not only people and their choices, but yourself and how it’s kind of folded within your life. Dre Baldwin (06:57.577)Hmm. It’s an interesting question. I never thought about it like that. I always looked at it like a, it’s like a funny thing to me. That’s the reason why I bring it up. Yeah. The other thing, other thing I thought about was I once was in a hot dog eating contest. I think this is a little bit more depth. So that’s why I went with that one. But for me, I never, I never really think about it except when I’m bringing it up, like, Hey, this is, appearances can be deceiving. And nowadays it’s kind of come full circle because now no LGBTQ is a big thing. But in this is what Nick McGowan (07:02.99)Snapple fact sort of thing, Nick McGowan (07:11.279)Hahaha Dre Baldwin (07:26.665)19, this is like 2000 around 2000 2001. It wasn’t a big thing. We knew it existed, but it was way in the shadows. Then as opposed to how it is now. I don’t know how it has affected me subconsciously. I’ve been stopped approaching girls. I kept doing that. So I don’t know. I can’t answer that question. Nick McGowan (07:43.534)Yeah, I appreciate. I appreciate the honest answer. You know, like even it might be something where like down the road you realize, maybe it shaped me this way. And it’s also, it doesn’t have to, you know, that might be one of those things where like, made you kind of look a little differently at things. I find it interesting how some people like your boys, your friends would talk shit or say whatever. And maybe some of those maybe didn’t understand exactly what was going on, but we’re trying to fit within the system of things and like, let’s have these conversations. So I always think this stuff can shape us in some sort of way, because it was just a little different or abnormal or whatever. Sometimes the meaningless things in life are the things that can mean a lot to us or the like random happenstances of things. But it’s funny pointing out like, even with South Street and how South Street is like Times Square. I’ve never thought about that, but I lived on Fitzwater for a little while. like right off of South Street for a while. Yeah, I was actually explaining to my partner recently. I was like, when we go to Philly, we’ll have to go to South Street. South Street is like a long street where you walk in their stores. She was like, that sounds like a normal fucking street. Like, but it’s more than that, you know, so I’m going to use the Times Square thing. But that’s cool. Yeah, exactly. Some people don’t know the ocean drive thing, but like, I get that. Man, so I appreciate bringing that up with Dre Baldwin (08:40.499)Yeah, that’s right there. Dre Baldwin (08:56.809)Alright, four O’s in draft. Yeah. Nick McGowan (09:09.782)the path that you’re on now and the business that you’re on, I think one thing that we could easily skip past is that you spent, what was it, nine, 10 years playing professional basketball? Nick McGowan (09:22.925)So I have never been a professional athlete. I remember wanting to be a professional, a couple different things, you know, as a kid, just like people are like, I want to be a rock star, I want to be this, I want to be that. There’s a level of discipline. There’s a level of belief in yourself, confidence, and like fucking around and finding out to be able to execute on stuff like that. Even if you didn’t get into the NBA or if you were the fucking, I don’t know, you turned into Kevin Durant or whatever, like there’s a lot that you actually went through to figure out. what is it that I want out of life? And you started to do that early on, but you’re not doing it at this point. So I’m interested in how that shaped you. like, tell us a bit about the journey and how that actually led into what you’re doing today. Dre Baldwin (10:04.905)Great question. So it started with, let’s just go back to childhood, always in the sports. And I was playing, one of the first lessons I learned was getting into the proper vehicle. So I was playing baseball for several years. And I realized by the time I got to about right before high school, and this is because when you first played baseball as a kid, you had T ball, you just hit the ball off the tee. Then you have a pitching machine. You know the pitching machine where the ball goes to the same spot every time. I got pretty good at the pitching machine baseball, but then when we had to play against real live people throwing the ball, I couldn’t hit the ball. I probably had a little bit of fear of the ball. So I was never good at hitting and my fielding wasn’t even that great either. So I realized, okay, I’m not going to go too far in baseball. No matter how hard I try at this, I just don’t have the natural inclination, but I was still into sports. So then I moved over to basketball and I started off not good, but I could feel myself getting better at basketball and I stuck with it. And eventually came to what you mentioned. The thing is, later on, looking back, that’s when I realized this principle that I tell people about all the time nowadays is called the right vehicle. So you can have all the right skills, desire, motivation, and resources, but if you’re in the wrong vehicle, you will not get to where you want to get to. And for some people, the right vehicle is playing baseball. For some, it’s basketball. For some, it’s not sports at all. For some, it’s analyzing sports. You can be a podcaster or a YouTuber. For some people, it’s not being in the sports realm. It’s doing something different. Not everybody can do everything even if you put the same amount of effort in. So that’s the first principle I got from sports. Looking back, I didn’t realize that when I was 13, but I realized it later. Then moving on, barely playing in high school, played one year, sat the bench. My going to college, I went to a Division III college. So anyone who doesn’t know sports, the guys you see on TV, that’s Division I. That’s football, basketball, that’s Division I. Division II is right under that and Division III is down in the basement. And the players in Division 3 don’t usually think they’re going to make it pro. A lot of them will say they think they will, but they don’t really believe it because I’ve always been a believer in it. You want to know what somebody believes, that’s what they do. Don’t listen to what they say. And coming out of a Division 3 school, nobody’s calling you to go play pro, most players, even if you were pretty good because you’re playing against other guys who are not pro caliber. So when I got out of college, nobody was calling me. I had to go to these events called exposure camps. You ever heard of those? Know what they are? Nick McGowan (12:18.701)Yeah. Nick McGowan (12:25.942)No, but I would assume it’s like a talent sort of thing where scouts get together and see what you can do. Yeah, cool. Dre Baldwin (12:30.621)Yeah, casting call, a job fair for athletes. And it’s rough because you got 200 guys who all think they should be playing pro, all trying to prove themselves at the same time. And that’d cool if we were playing golf or tennis, but basketball is a team sport. So you’re playing on the same team with five other guys who all think they should be playing pro too. So everybody’s trying to show off. So it’s not the normal type of basketball. It’s not like everyone’s playing selfless basketball because they’re all trying to show off. I went to several of those over the course of my career, but Nick McGowan (12:49.474)Yeah. Dre Baldwin (12:58.727)The first one I went to led to me getting on and getting my first opportunity playing basketball. And in that experience, it was really about investing yourself. Let me tell you how I ended up at that event. So I’m from Philadelphia. The event was in Orlando, Florida. And this is the summer of 2005, graduated college in 2004. The event was not free. You pay $250 to go to the event. I reached out to the event organizers about a month ahead of time and asked them, would it be OK if I pay the event fee? in cash at the door because I did not have a credit card or a bank account at the time. So I had to pay them in cash. They said, yes, you can pay in cash at this time. I’m working at a gym called Valley Total Fitness. I don’t know if you remember them. They’re out of business now, not because of me. I made a lot of sales and at Valley that the commission checks came on a certain Friday every month. I had I didn’t even have to work that day. I had to negotiate with my boss to get the weekend off because the event was Saturday and Sunday. Nick McGowan (13:37.775)yeah. yeah. Yeah. Dre Baldwin (13:55.038)I’m in Philly. We’re going to drive me and a couple of college teammates who are also ambitious. We’re going to rent a car in Philly and drive to Orlando. That’s a 19 hour drive. For those who don’t know the geography, I had to go to my job though first and wait for the DHL truck to come because the DHL guy brought the commission checks. I needed that commission check because I had to go around the corner to the Chinese store and cash it. So I had to cash to pay that $250 at the door. That was my last $250 at this time. I’m living in my parents’ house. I’m working at Valley Total Fitness. have a college degree, but I don’t have anything going on. I spent that 250 at the door and I had to do something over that two day camp to get my first opportunity. So that was really about investing in yourself and really putting your back against the ball. And then you got to perform when it matters. That camp is only two days. It’s not like you have a month to prove yourself. It’s two days. And I played pretty well there. Got my first job. That was 2005. Moving on, fast forwarding in this story, there that Nick McGowan (14:42.498)Yeah. Dre Baldwin (14:51.751)basketball career wasn’t some smooth up into the right process. There’s a lot of people here, professional athlete. Now you’re an entrepreneur. So they think, okay, well, I guess it was easy for you once you got on in sports. But no, there were many times that, how do I better explain it? When there are people in acting, let’s say in the movies, you have your Leonardo DiCaprio’s or Scarlett Johansson’s, they get $50 million to do a movie Will Smith. And no, they don’t do a movie for a year or two. They’re okay. Most actors and actresses careers don’t go that Nick McGowan (15:18.509)Mm-hmm. Dre Baldwin (15:21.159)Most actors and actresses in between movies, what are they doing? All right, they’re bartending, they’re working at Starbucks and they’re bagging groceries. They don’t know if they’re gonna get another job. They are going from casting call to casting call, hoping to get an opportunity to get on. And in sports is the same way. Not every athlete is LeBron James or Lamar Jackson. A lot of athletes are on the fringes, meaning you have a job then you don’t. You’re waiting for your agent to call. You have to stay in shape just in case the call comes, if the call comes. Nick McGowan (15:24.664)Part-time job. Yeah. Thank Nick McGowan (15:34.755)Yeah. Dre Baldwin (15:49.546)Then when it comes, you don’t know how long you’re going to be there because you may face the squeeze on the roster and you’re the one who gets squeezed, not because you can’t play, but because it’s just a numbers game. So a lot of times in my career, even playing overseas, it can be like that. So there are a lot of times in between jobs over the course of my career, I played on a different team every year. I never played in the same team twice in a row or twice total. Every year was a different team, every year, a different country because in between job and in between jobs, didn’t know where the next job was coming or if the next job was coming. Nick McGowan (15:58.05)Yeah. Dre Baldwin (16:18.569)There are times where I had to go get a job because there was no job. So the last time I had it, I went and got two more jobs in between the start of my career. My last job was in 2007. I signed in Montenegro 2008. Haven’t didn’t work a quote unquote regular job after that. That was because I was on this new thing called YouTube. And that’s where I started to build my brand. And that’s where I realized about 2009, 2010, I was putting basketball video content on the internet. That’s when I realized. What I’m doing here on the internet is gonna be bigger than what I’m doing on the basketball court. Even though my content was basketball, it was the internet that was amplifying my name. So if I go to the mall right now today in Miami and somebody recognizes me, it’s not because I played in Slovakia for six months. It’s because I was on YouTube for 10 years making that basketball content. That’s where people know me from, is from YouTube. And I knew back then, I said, this internet thing is gonna be bigger for me than anything I’m doing on the court. And I was right about that. Nick McGowan (17:00.983)Hehehe. Dre Baldwin (17:15.625)At that time, I finished reading this book called The Four Hour Workweek by Tim Ferriss, I’m you’re familiar with. And in that book, Tim was talking about how you can take an idea and start putting on internet and make money from it. I followed his advice and I started selling $5 training programs to basketball players. That’s where I knew my future was in internet entrepreneurship, or entrepreneurship powered by the internet, let’s put it that way. Harking back a little bit in the story, about 2002. I people can keep up with this timeline. know I’m jumping a lot here. About 2002, I got introduced to a business opportunity. It turned out to be network marketing. I did not build a career in network marketing, but I went to some meetings. And I’m forever grateful for the meetings that I went to and the dabbling that I did in network marketing, because it teaches you a lot about entrepreneurship. It teaches you a lot about how to make money other than a traditional nine to five job, which is what my parents had. That’s all I knew until then. And also you learn a lot about people when you’re… trying to sell them into a network marketing opportunity. So you want to know about yourself too. And as a great sales crash course. in there, two things I got from that. Number one, well, three things. Number one is the entrepreneurship. Number two is that they mentioned these books. They would say personal development, personal development. You got to do the personal development. And they would just mention the names of these authors who I’d never heard of. They would say Tony Robinson, Jim Rohn, and Brian Tracy, and Napoleon Hill. And I’m like, who? I never heard any of these people. Nick McGowan (18:17.442)Yeah. Nick McGowan (18:29.475)Mm-hmm. Dre Baldwin (18:39.475)But I remembered the names. I couldn’t afford the books. They were selling them right outside the hotel room. I couldn’t afford them. But I remember the names. So I went on eBay. So again, those of you old enough, eBay before Amazon was the place you went to eBay to buy stuff. Went on eBay and I bought two pirated copies of two books that I could remember. One of them was called Think and Grow Rich by Napoleon Hill. And I bought that book. It showed me that there is a way that you could intentionally alter your conscious thoughts that would alter your behavior and thus alter your outcomes. And he was right. Nick McGowan (18:51.47)the Dre Baldwin (19:08.839)And other book I bought was called Rich Dad Poor Dad by Robert Kiyosaki. And that book told me, there’s another way that you can actually be an adult and make money other than what I saw the adults around me doing. And the reason why I was so inclined to look at what Mr. Kiyosaki was saying is because my parents showed up every day, did their jobs. They never bragged about it. They never announced it. They did their work every day. The reason I am Nick McGowan (19:19.255)Okay. Dre Baldwin (19:35.038)what people will call a disciplined person to this day is because the example that I had at home from my parents. At the same time, the adults around me talked about work as a necessary evil. It wasn’t, get to go to work. It was, have to go to work. They talked about their jobs as if it was a somewhat negative thing, good because it paid the bills, but negative because they didn’t really like it. And they didn’t really like the people they had to deal with. And I was looking at them thinking, okay, well, I graduated from college. I guess I got to go do maybe a little bit better version of what they’re doing. Nick McGowan (19:45.42)Mm-hmm. Dre Baldwin (20:03.431)But when I read Kiyosaki, he said, there’s another way to do it. And anybody who’s read the book knows he’s juxtaposing his real dad who had a great education, went and got a job and his friends, best friends, dad, the rich dad. He was the one who dropped out of school, but was a business owner. He owned assets and he made money. He seemed happy about going to work. Whereas his poor dad, his real dad got kicked out of the system when he got too old and too expensive for the system. So that put me onto that. And that I got all that from network marketing. Anyway, combined that with Tim Ferriss. seven, eight years later, combined that with the internet, combined that with social media and basketball, that’s where I started to build what became my company, which was helping basketball players at first, and it transitioned into where we are today. Let me jump again in the story. 2015, I’m looking at the end of the road. Okay, I’m going to get out of basketball. What am I going to do next? So at this point, I was starting to make these mindset videos where basketball players who are watching me, my material was all basketball for about the first five years, 2005 to 2010. The players started asking me about mindset because they saw I was putting out videos every single day before that was a normal thing to do. Nowadays, that’s normal. But back then it wasn’t normal. So they’re like, why are you going to the gym every day to work out? Sometimes because I would tell them where I who I was. Division three, Kyle is playing overseas right now. I’m unemployed. You don’t even know if you get another job, Jerry. Why do you keep working out? How do you keep yourself motivated? Or you got cut from your high school team three times like me. Nick McGowan (21:10.968)Mm-hmm. Dre Baldwin (21:28.753)How did you keep going when you got cut and there was no right at the end of the tunnel? And I started talking about things like discipline and confidence and mental toughness and being prepared and how you had to take negative situations and use them as fuel for positive action. And I called it the weekly motivation. And what happened is a bunch of people who didn’t play basketball started finding me there. That’s when I knew, okay, I can take this aspect of what I’m doing and I can serve people outside of the realm of sports, even when I don’t play anymore. Because I knew that if I stopped playing basketball every day and putting these videos out, my $5 products are going to stop selling. I could read the writing on the wall. I saw how it worked. I could tell you that 15 years ago. People are now realizing it now on TikTok, but I knew that back then. So that’s how I knew what I was going to do next. I need to take this mindset stuff, and I’m noticing people who don’t play basketball need it. And that’s what became what I do today. So that was 2015, and now here we are. So let me stop my story so you can get back to ask some questions. Nick McGowan (22:04.782)you Nick McGowan (22:28.078)Like a true professional, ladies and gentlemen, somebody who’s been on many podcasts. I always look for what are the main components of these things. And one of the biggest things that I have learned from being specifically on this show and running this show for four plus years is if you don’t have awareness, you can’t do anything. You just can’t. If you’re not aware of something, you can’t do anything with something you’re not aware of. And a lot of people will push their awareness off like the people that hate their jobs, you know, I got to go to my job. It’s got to pay for things. There can be a level of awareness to go, but wait a minute, fucking time out. If I don’t like this, why don’t I do something else? You and I experienced similar things where people just bitching complain and just fond of bitching complain. Then they belly up to the bar at the end of the week and drink through the weekend and then bitching complain throughout the week and just rinse and repeat instead of going, hold on timeout. Let me do something different. you had a lot of different iterations and things that led you to something else. Like looking back, you probably would have thought way back in the day, I’m gonna be a professional ball player and make millions of dollars. This is how my life is gonna go. Cause you’re on that path and you’re really pushing for it. Even to go spend your last $250 all the way in Orlando, which 19 hours is if you’re fucking moving. Dre Baldwin (23:48.723)So, Nick McGowan (23:49.408)Most people will take like a day and they’ll have to stop, but you and a couple of friends like taking turns asleep and I’ve done that drive before I get it. There’s a lot of different things that could have really pushed you off the path, but you kept going with the path. And that’s what I like to be able to break apart of like, actually kept you going with that? Because you’re aware enough to go, hmm, well. I don’t know if I’m going to get another job doing this, but I’m seeing that I’m having these conversations and I want to talk about these things. Even like with you to say the new thing, YouTube back then, it gets wild to think that, I don’t know, we weren’t super young when YouTube was new, but geez, we really were. And you were early to it, you know? I talked to people about social media at times where I’m like, I had a social media marketing company in 2013 and I was fucking late. Dre Baldwin (24:31.303)this early 20s. Nick McGowan (24:43.508)seven years late and other people now that keep pushing these things, they’re still doing the same thing over and over and over instead of actually saying what’s actually working. What do I want? What do I want to do with this sort of stuff? And I’d love that you actually, you saw a positive in the network marketing. There are a lot of people that shit on MLMs and network marketing because they’ve had bad experiences or they’ve had friends that have tried to push everything on them or wrap fucking things around their stomachs or. tell them they can make money with a light switch or whatever. But you learn a lot through that. And I think that’s a big thing that taking those steps that are risky at times, like think back to the 250, that was a risk. But you were like, fuck it, I wanna go play ball. I’ll drive all the way down there. There are a lot of people in Philly that didn’t wanna do that. They wouldn’t have done it. They wouldn’t have even cashed that check or rented the car. or gotten into the vehicle to drive down there, let alone all the other things that you did. So you had all these little steps that you had to take. There were all these little risks pieces. So how did you tie that into not only what you’re talking about mindset wise, but specifically for yourself? Like what are you able to look back to and go, man, I was really good at this thing. Like you pointed out discipline, because your parents got up, their shoes on, got to work, did their thing, took care of their kids and moved along in life. That’s great, but that’s just one. Dre Baldwin (26:04.835)Mm-hmm. Bye. Nick McGowan (26:07.95)piece of the recipe. What are the other pieces for you that have really helped you figure out this is what works for me and what I can share with other people. Dre Baldwin (26:16.413)Great question. I’m glad you contextualize it that way because it reminds me of something else. So first thing I’ll say, 2013 you had a social media marketing company. I’m sure you were doing well. That was a good business to be in in 2013. Yeah, I can imagine. So speaking of a couple of things, my parents and Napoleon Hill. So Napoleon Hill and Think and Grow Rich talks about this concept of transmutation. Nick McGowan (26:26.702)It was, but we were still late. Yeah. Dre Baldwin (26:39.273)And transmutation is about how you take, it’s the law of conservation of energy. states, energy is neither created nor destroyed, merely changes forms and moves from one object to another. So my parents were traditional, basically it was called them nine to five years. My mom’s in education. My dad worked basically construction as a day job. He was a musician by night. That was his passion, but he didn’t do it full time. This was before, you know, social media. If he was around now, he was my age now, he’d probably have his own brand. Couldn’t do it in 1985, right? So. Nick McGowan (27:07.182)short. Dre Baldwin (27:08.999)So when I graduated from college, again, division three college, my parents don’t know a ton about sports. My dad’s a big sports fan, so they knew some. They don’t know anything about overseas basketball, but they know division three from division one. I come home from college and they say, what are you gonna do now with your degree? I say, I’m gonna be a professional basketball player. Now mind you, I have no prospects. I have no offers. I have no contracts on the table. My mom’s an educator. So her biggest thing was both of my kids are gonna go to college and get a degree because neither of my parents had their degrees when my sister and I got our degrees. My sister became a college professor just to give you a some comparison and my mom’s an educator, very good educator at that. So I say, I’m going to be a basketball player with no prospects. My mom can’t believe it because I sacrificed all this, her talking, I sacrificed all this for you to get your degree and get your education. And now you say you’re to be a basketball player. It was kind of like I was throwing it all away because again, if it would be one thing, if the New York Knicks were offering me a contract, I wasn’t getting offered anything. So she’s like, well, how are you going to do it? She started asking me. questions that any logical person would answer and there were no answers to the questions. And she essentially was saying, hey, if you don’t have any answers to these questions, well, you need to go, you’re living under our roof. You’re an adult now. You’re still eating food. You’re using the electricity. You need to go get a job. And she was right. Nothing she said was wrong. It wasn’t even highly critical. was just, she was holding a mirror up to me and my dad basically co-signed everything that she was saying. Now that even though she wasn’t wrong, the mirror being held up to me angered me. Not that she said anything specifically that bothered me or that my dad said anything specifically. was just the reality was the reality. So the reality became one of my oppositions. And I’ll tie this in in a moment. The other thing was in college, I didn’t even play my senior year because my junior year after my sophomore year, my junior year, the coach who recruited me got fired. New coach comes in and anybody knows anything about college sports. When a new coach comes into a program, they clean house. The same way that when a new CEO joins a company, some of upper management, middle management gets flushed out, not because you’re not good, but because they want to bring in their own people. I ended up out of the program. So my senior year, I was in school, fully eligible, fully healthy, didn’t play basketball. And this is at a division three school. So again, it’s not like I’m looking at future NBA players when I’m watching games. And that bothered me because in my mind, I knew I was better than the players who were on the team. But at the same time, Nick McGowan (29:11.512)Yeah. Nick McGowan (29:24.188)He Dre Baldwin (29:31.53)I’m objective enough to look at myself. can step outside of myself and look at myself and say, OK, well, you think you’re better than them. But let’s look at the reality. Here they are playing. Here you are not playing. And again, this is the Vision 3 school. So how can you prove you’re better than them? Your eligibility is up. This is before name, image, and likeness. Eligibility is up. They’re on the team. You’re not. How can you prove this? Well, the good thing about back then, there’s no YouTube. There’s only one level to go after college in sports. And that’s the pros. Nick McGowan (29:48.248)Mm-hmm. Dre Baldwin (29:59.422)That story that I told you about how I made it pro and the things I was doing once I made a pro was not just off of talent. It wasn’t just off of intellect or strategy. It was the transmutation of the, if you want to call it disappointment, sadness, anger, embarrassment, frustration of those situations. That was the gas in the tank. I needed to prove for posterity sake that my career was not going to be ended by this coach and no, none of these players are going to be able to say that they outdid me. And also Nick McGowan (30:12.163)you Dre Baldwin (30:28.017)my parents, I wasn’t angry at them. They didn’t do anything wrong. They didn’t stop me. But the fact that they held up the mirror, they were the messenger. You know, sometimes you sometimes you to kill the messenger. I didn’t kill my parents, but they were the messenger. And I took it out on I didn’t I wasn’t angry at them personally. But I took that energy from both of those situations. And that was no the gas in the tank to get me from Philadelphia to Orlando. That’s a good metaphor right there. That’s right. So that’s that was a big part of what I did. I don’t even remember what your question was. Nick McGowan (30:37.07)Sure. Nick McGowan (30:51.154)Literally. Nick McGowan (30:57.646)It’s all good. Sometimes that’s the best. You’re like, I’m riffing in this direction. Because like you’d said, this this reminds you of some other things, you know, I think it’s interesting how, look, there are different conversations that have been had in so many circles, everybody’s had this sort of conversation, don’t let people shit on your dreams, don’t let people tell you not to blah, blah, blah. And I think a lot of that conversation misses the fucking mark in a big way, because there’s no context to it. Like your mom is an educator. seems to be a logical person asking you logical questions. You interpret it in some sort of way where part of it was like, see it, but fuck you. But I also see what you’re saying. And I’m gonna go this route and I’m gonna go do this thing. And then there are specifically people that are like, no, you don’t wanna do that. This is gonna happen and it’s all gonna be terrible. Cause their fear and all that sort of stuff. There’s a level of discernment that you can sometimes not have the ability to have. because you trust those people so much. And that’s where I think some of the conversation is like, don’t let your family shit out of your dreams, blah, blah. Yes, and still give more to it. If somebody’s trying to love on you and they have their own things, it’s on us to not interpret it in such a way, but it can be really hard when you go, it’s my mom, it’s my whoever, it’s this person. But some of those things will also move us in a beautiful direction. Like I think back to high school and bring this up at different times. Where do you remember being in like 11th grade with like, we’re going to sit you down. We’re going to talk about what college you want to go to, what things you want to do. So next year we can start ramping and doing all these things. Well, when I sat down with the counselor, she was like, all right, well, you’re a musician and an art kid. Like I was one of those kids that if I didn’t want to be in class, I’d be like, I got a project. They’d be like, fuck off. And I’d go and live in the art room. And this counselor was literally like, well, we can get you into music school or art school, but you’re probably not going to make any money. So what do you want to do? And I checked out. I was like, well, don’t want to fucking be here and talk to you because you just told me I’m going to be a starving artist. So fuck that. I ended up getting into a multi-level marketing company like six months later and you learn so much from that shit. And there’s things that I think some people learn manipulation. Other people learn how to actually be better versions in themselves. And some people use it as stepping stone and all that. Like you and I both did that where we didn’t do network marketing forever. Nick McGowan (33:23.936)It was a stepping stone that opened up a whole new world. But then later on in life, you start to see how systems work and how different pieces and components work with things. But you made all these different choices without letting people affect the way that you went about them while still taking some of the consideration of it. And I’m pointing it out in that sort of way, because as I said to you, even off air, the idea is for people to get something from this where they go, huh, maybe I need to think about this a little differently. And somebody roughly our age or even in their late thirties or early fifties or whatever, you’ve been through enough of a career and have enough of a body of work in a sense where then you can look back and you can see patterns of things. What do I like? What do I not like? What do I actually want? Those are really fucking tough questions for people to ask because then they go, well, what if I don’t want my family? What if I don’t want this job that I’ve been here for 25 years? Or what if I want to do something totally different? Dre Baldwin (34:13.513)Hmm. Nick McGowan (34:22.688)And there’s a balance to that. Like, there are people that are like, fuck it, I was a lawyer one day and next thing you know, I’m painting and that’s it. There’s context there. There’s many conversations they’ve had in their own head. So what does that look like with the work that you do now, specifically with different people that are progressing through their life and having those conversations or maybe shying even away from those conversations within themselves? Dre Baldwin (34:48.969)It’s a great question because a lot of times these days, mostly working with professionals, entrepreneurs, high performers, these people usually come to you with a high performer level surface level issue, usually based around money and or the things they need to do to make money, more marketing, better clients, transitioning, quitting my job, starting a business, et cetera. So to get to the actual issue, that is an issue. Yes, they do want to make more money. Yes, they do need better clients and they want to sell this course or whatever it is they’re doing. But to get to the actual issue, you really have to find out who’s the person behind the issue. Who’s the person behind the problem? And noticing their patterns, noticing their mental blocks. Sometimes the mental block is they can’t see themselves charging more money. Sometimes the mental block is I know who pays me the most money. That’s the top 20 % of my clientele, but the bottom 80 % for me to drop them, they’re going to think I’m a jerk. They’re going to think I don’t value them. They may not like me. Nick McGowan (35:35.48)Yeah. Dre Baldwin (35:47.758)They just don’t have the heart to do it. Not drop them, but pass them off to somebody who’s less senior than you and your company. Sometimes that’s the challenge for people. Sometimes the challenge is just moving themselves to do the things that need to be done, the grunt work. And there is no business, no career that does not have grunt work. A lot of people think that there is one, there isn’t one. There is some type of work you have to do no matter what you do for a Sometimes it’s moving themselves to be able to do that. Sometimes when I’m working with people, sometimes it’s professionals, but there’s a personal issue. I’m not spending as much time with my kids as I want to. My wife is not initiating sex as often as she needs to. A single man who just wants to talk to more girls, but he keeps second guessing himself and hesitating and him and in hauling when he sees a girl on the train and by the time he approaches her, the energy is gone because he waited too long. So it’s sometimes just it’s not sometimes, but all the time finding out who the person is. And once we get to that part and we get through the layers of the surface level stuff that they’ve gotten so used to telling people and we get to the personal stuff. And that’s when we can start to make the change because even though that personal stuff, the stuff that people see in the mirror, it’s hard to sell because you can’t count it, measure it, you can’t see it. That’s the main thing most people need. But almost nobody shows up saying, this is what I want. They show up saying, I want the thing on the surface, the thing I can count, measure and check the box for. But the only way to get those resolved is we got to get to who the person is. So you have to show them this, but you got to give them that. So the metaphor I like to use is feeding medicine to a dog. Nick McGowan (36:55.48)Mm-hmm. Nick McGowan (37:01.24)the Dre Baldwin (37:16.963)You they don’t really need the peanut butter, but they say they want the peanut butter, but you got to hide the medicine inside of it. So you got to get them to understand. Yes, I can help you with the surface level issue. Now that they believe that what we’re going to get to without me even having to say it explicitly, Nick, is we have to figure out who is the person you see in the mirror, because until this person changes, you’re never going to be willing to confidently say that number in the middle of a meeting to get the price that you want for this project. You keep charging about our you need to be charged about the project. Nick McGowan (37:34.838)Mm-hmm. Dre Baldwin (37:44.424)Now you’re accepting $200 an hour. You need to be charging them 100K for the project for six months, but you’re not willing to say that number. So until we fix how you see yourself, I can say the number for you. I can go get the deal, but you can’t get it. You have to say the number. So we got to deal with that part. Not all this other, all these other things are just details is we got to get to who you see in the mirror because who you see in the mirror leads to how you carry yourself energetically. 85 % of communication is nonverbal. So Whatever you see in the mirror is how you carry yourself. Other people pick up on that non-verbally. They respond to it non-verbally. That leads to them saying yes or no for reasons that have nothing to do with what you actually said and nothing to do what they actually said. So whatever reason they gave you is not the real reason. And whatever you think is the reason is not the real reason. But that is the main conversation. Most people don’t understand that. So my job is helping people understand that and understand when you get the non-verbal part right, what you say verbally doesn’t really matter that much. Nick McGowan (38:29.166)You Dre Baldwin (38:41.915)One thing you learn in sales, you can’t say the right thing to the wrong person. You can’t say the wrong thing to the right person. When the energy is right, it doesn’t matter. But most people are so stuck in their heads, especially high performance, because high performance is usually really smart. They have a lot of information, a lot of knowledge. They read a ton of books. They’ve written books. It’s hard to get them to get past the intellectual level to the energetic level. But that’s where everything is happening. Nick McGowan (38:45.912)Yeah. Nick McGowan (38:49.624)Yeah. Nick McGowan (39:05.353)I’m so glad that you got to this point of the energetic level. There are the things that were, yeah, we want the surface thing because we need the surface thing. Just like we want to sell things because really we want to do these other things. Some people, it’s a thing where, I want to sell more because I want a second home or I want a beach house or whatever. That’s an issue in and of itself. If it’s like, I just want to do this to buy this thing where I’m not going to go down that path, but… The reason why I bring that up is I think there are times where we can look at things and say, want this because other people want me to want it. The system of the world tells me I should have this. Like showing up to a meeting in this bad ass car, like if you have a broken down car or something that actually makes sense for you to have, and you enjoy having a 2009 Accord or whatever it is, that shouldn’t dictate the type of level of service that you have. But people will think that they have to put on this facade and the charade. because they’re afraid to be themselves when in most times, as you know, most people don’t know who themselves are. They don’t know who it is that they really want to be or what they want to do. The energetic part of it is so huge, especially in sales. I mean, you and I could shoot the shit on sales forever. I think about the people that I’ve trained over the course of time where they just have such a hard time not reading a script because they can’t embody it. They can’t embody the framework of how to have the conversation to ultimately level the person and fucking just see if you can help. Cause if he can’t get off the phone, if you can, beautiful, continue the conversation. But the bullshitting is not going to help either one of you. But people will go, well, I have to do this. And we do it mostly to ourselves. Like if you think about how many people talk shit to themselves, like, geez, if that was a friend or somebody outside, you would have a restraining order, you know, like you’d be fearing for your life. So getting to that level is really difficult for a lot of people, even the people that do a lot of the work, because it’s asking them to shake the boundaries and the foundation of themselves. And that can be really uncomfortable, especially for high performers that are like, I’ve been doing this at such a high level. Now you’re asking me to go backward. Now we’re asking you to actually adjust the foundation so you go forward from there. I mean, I really appreciate you being on today. Appreciate the wisdom and the insight. Nick McGowan (41:28.056)For those people that are on their path towards self-mastery, be it somebody who’s a performer or somebody who’s an athlete or somebody who’s just really trying to figure out how do they fit within their own little piece of the world, what’s your advice for them on their path towards self-mastery? Dre Baldwin (41:43.546)Biggest thing is for people to get more fully present with themselves. Everybody’s heard the term being fully present. What presence is, is not something that you learn, is not something you add on, is not something you develop. Presence already exists. Presence is what remains when you strip away all the noise, all the excess. So anything that’s coming from your smartphone is noise. Text messages, emails, notifications, any app you can get on, all of it is noise. It’s an added on. It didn’t come with you standard equipment when you were born. Nick McGowan (42:04.078)You Dre Baldwin (42:12.829)Your thoughts about the future is noise because you’re time traveling into the future that didn’t happen. You’re reminiscing on the past is noise because you’re time traveling into the past that already happened. You thinking about something that’s not happening where you are right now in the moment where your feet are is noise because you are not in the place that you are. You’re not grounded in the current moment. Presence is what’s left when you strip away all that excess. The challenge for many people is that presence bothers them because they’re left with the only thing they don’t want to deal with, which is themselves. When you strip everything away, all that’s left is just you dealing with you. And that’s uncomfortable for people. And interestingly enough, a lot of high performers are uncomfortable with themselves. So what we do is we keep adding on more noise. You can listen to another podcast. You can read another book. You can watch another YouTube video. You can go gather more information. You can go give out more information. That all keeps your mind stimulated and occupied so you don’t have to deal with yourself. When you get used to dealing with yourself, you calm down that, as they say, the monkey mind. This is what they talk about in mindfulness or yoga or any type of meditation when you get comfortable being with yourself your signal Internally that you project externally gets ten times stronger and you actually get better results The challenge is you had to deal with the withdrawal symptoms of turning all that stimulus off Doesn’t mean you can’t stimulate doesn’t mean you don’t read talk do your work But you have to be able to turn it off and control it instead of it controlling you the world that we’re in now today Nick these devices have trained us to be controlled. We’re not in control anymore. We’re being controlled. We have to still have a device. I still got a phone. I got two phones on my desk and an iPad and a computer, but I control them. They don’t control me. Exactly. So the thing is you have to learn to control them and turn them off when you want to not be pulled in by the dopamine rush. I think that’s the biggest thing in the world we’re in today, especially for the highly intelligent high performers. Nick McGowan (43:41.806)Mm-hmm. Nick McGowan (44:04.216)Yeah, and that could be fun. Literally in those moments like where you know, like I think about myself at times. I’m an iPad kid in a way. Like I have my video games that I play and I’ll veg out and I kind of work through them are primarily like 2K games, know, NBA and NFL and stuff. But there are times where I can feel like, I’ve just been doing this for a bit. And it’s an actual lift to put the fucking thing down to step up. move out of the energy of watching TV, even if you’re like, look, I’m gonna give myself an hour or two to just veg and whatever. When you feel it, that’s one of those moments where it’s like you have an opportunity to do something with it, because you are really present and you’re aware of yourself enough to go, all right, motherfucker, get up, get out of here, go do something else. That is one of those moments that people that have a hard time sitting with themselves miss those because you don’t see them more often. But when you see it, You can’t not see it. Like I joke about self-awareness at times. Like the more aware you become, the fucking more aware you become. And the more aware you become, the more aware you become. Like you can’t get away from it. And it can be really tough, but I appreciate the work that you’re doing. There’s a lot when people say like, you know, you want to be mindful. Like I hear from times different, different people listening. They’re like, you can’t just mindset your way through life. Like I get it. Listen to the fucking conversations. That’s not what we talk about. It’s not about just. forcing yourself to do a thing that either one of us are saying. It’s about actually taking this and figuring out how does it work into my life? And how do I think about things a little differently? And what do you want to do from there? So Dre, I appreciate you being on today. This has been awesome. I’m sure we could just sit here and just keep talking about things, but it is almost top of the art. Before I let you go, where can people find you and where can they connect with you? Dre Baldwin (45:51.997)They can just go to work on your game.com work on your game.com and anything you need will be found there. Nick McGowan (45:58.262)Awesome. Again, man, I appreciate your time today. Thank you very much. Dre Baldwin (46:01.321)Thanks for having me on Nick, appreciate the conversation. https://www.youtube.com/watch?v=bCcqCo4KTqk
I'm thrilled to welcome Chase Chappell, Partner at DOE Media, one of the fastest-growing performance marketing agencies in the ecom space, Ads Mastery Founder, Founder at Serge, Partner in Success Ai Chase has advised on over $200 million in ad spend across Facebook and TikTok, helping brands turn paid traffic into predictable, scalable revenue.Through his experience running his own agency, Chappell Digital Marketing, and now as part of DOE Media, he's helped DTC and e-commerce brands not only master ad buying but also build sales pages that convert and expand into new channels beyond Amazon.Highlight Bullets> Here's a glimpse of what you would learn…. Strategies for scaling e-commerce brands through paid media and multi-channel approaches.Importance of diversifying sales channels beyond Amazon, including Shopify and TikTok Shop.Unique challenges and opportunities presented by TikTok as a sales platform.The significance of creator management and engagement in driving sales on TikTok Shop.Effective messaging strategies for attracting and retaining creators.The role of transparency and feedback loops in creator communities to enhance performance.Compensation structures for creators, including commission models and incentives.The impact of TikTok Shop on overall brand awareness and sales across multiple channels.The necessity of an omnichannel mindset for successful e-commerce growth.Insights on leveraging AI tools for creative production and marketing efficiency.In this episode of the "Ecomm Breakthrough Podcast," host Josh Hadley interviews Chase Chappell, a leading performance marketing expert, about scaling e-commerce brands beyond seven figures. Chase shares actionable strategies for channel diversification, creator management on TikTok Shop, and building omnichannel ecosystems. He emphasizes the importance of rigorous creator selection, transparent feedback loops, and integrating paid media with organic content. The discussion offers practical advice on leveraging TikTok's rapid growth potential, nurturing creator communities, and adopting an all-in, omnichannel mindset to drive sustainable, scalable e-commerce success.Here are the 3 action items that Josh identified from this episode:Focus and Systematize: Nail your core operations (especially on Amazon) before expanding. Ensure supply chain and inventory are rock-solid.Build Genuine Relationships with Creators: Authentic engagement, personalized outreach, and community-building are your competitive edge.Adopt an Omnichannel Mindset: The future belongs to brands that integrate Amazon, Shopify, TikTok Shop, Meta ads, and retail into a cohesive ecosystem.Resources mentioned in this episode:Josh Hadley on LinkedIneComm Breakthrough ConsultingeComm Breakthrough PodcastEmail Josh Hadley: Josh@eCommBreakthrough.comTools and Websites"Doe Media": "00:01:01""Chappell Digital Marketing": "00:01:01""Shopify": "00:05:25""TikTok Shop": "00:06:39""AI Automation Tool": "00:13:41""Amazon": "00:30:52""Lovable": "00:48:54"Books"The E-Myth by Michael E. Gerber": "00:01:01""Rich Dad Poor Dad": "00:48:32"Concepts and Strategies"Tiered Commission Structure": "00:23:25""Ad Spend Credits": "00:23:25""Creator Retention": "00:28:11""Creator Network": "00:29:00""Private Community": "00:30:14"People and Brands"Hudson from Comfrt Clothing": "00:46:15""Greg from Bloom": "00:51:16"Social Media Links"Instagram @realchasechappell": "00:52:43"Episode SponsorThis episode is brought to you by eComm Breakthrough Consulting where I help seven-figure e-commerce owners grow to eight figures. I started my business in 2015 and grew it to an eight-figure brand in seven years.I made mistakes along the way that made the path to eight figures longer. At times I doubted whether our business could even survive and become a real brand. I wish I would have had a guide to help me grow faster and avoid the stumbling blocks.If you've hit a plateau and want to know the next steps to take your business to the next level, then email me at josh@ecommbreakthrough.com and in your subject line say “strategy audit” for the chance to win a $10,000 comprehensive business strategy audi...
Click Here for the Show Notes This episode dives into the journey of a real estate investor turned financial strategist who transformed a powerful concept into a practical system for investors. Inspired early on by Rich Dad Poor Dad by Robert Kiyosaki, the guest built a thriving real estate career—only to discover that high deal volume doesn't always mean real profit. After experiencing the “real estate rat race” firsthand, he adopted and adapted the principles from Profit First into a framework specifically for real estate investors. By flipping the traditional formula from “sales minus expenses equals profit” to “sales minus profit equals expenses,” he introduces a mindset and system that prioritizes paying yourself first, building true cash profitability, and creating clarity through structured money management. Whether active or passive, investors can break free from financial chaos, gain control over their cash flow, and finally align their business with the life they set out to build. Start simple—open one separate “profit” account today and begin setting aside even just 1% of your income. Then grab a copy of Profit First for Real Estate Investing to implement the full system, and take the first real step toward building a consistently profitable portfolio. -------------------------------- Throwback Thursday Episode (The episode originally took place in the year 2023) This episode is part of our Throwback Series and may include references to older content such as web classes, events, promotions, or links that are no longer active or available. While the conversation and insights still hold value, please note that some information may be outdated. -------------------------------- If you missed our last episode, be sure to listen to TBT: When are Mortgage Rates Too High? Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Our team of Investment Counselors has much more inventory available than what you see on our website. Contact us today for more deals.
After having her second daughter, high school math teacher Christle Stezskal had a choice to make—keep working for little pay and give up the time she had with her young children, or find another way to help provide for them. Her husband had just finished the personal finance classic, Rich Dad Poor Dad, and knew rentals were the right move—but Christle was only working with a teacher's salary. She couldn't buy $400,000 houses, let alone $300,000 or $200,000 houses. But $50K - $100K rental properties—that she could do. The duo set off, finding an out-of-state investing market where the numbers would work. They purchased their first deal, and then…lockdowns, and a tenant moving out—terrible timing. That wouldn't stop Christle. Now, just six years later, she has a real estate portfolio of 19 cash-flowing rentals. She's gotten creative, buying off-market properties, sending direct mail, and even bidding at courthouse auctions to get rentals at the right price. Because of her hustle, she's quit her job, now gets to spend time with her girls, and provides her family the financial future they've always dreamed of—and she didn't need deep pockets to do it. In This Episode We Cover: Why small, cheap rental properties can make you wealthy (even in 2026!) How to pick the right out-of-state investing market when you have no experience Buying rentals at auction, and the deal Christle was able to land for just $21,000 The best way to find discounted rental properties? One method Christle swears by Scared to buy your first rental? Christle was, too, and here's what she says you should do And So Much More! Links from the Show Join BiggerPockets for FREE Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets Let Us Know What You Thought of the Show! Sign Up for the BiggerPockets Real Estate Newsletter Find an Investor-Friendly Agent in Your Area BiggerPockets Real Estate 1252 - I Had 4 Kids, No Cash, and a Traveling Spouse: Now I've Got 4 Rentals w/Joanna Caldera Rich Dad Poor Dad Connect with Christle Connect with Henry Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1264. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are you struggling to find cash-flowing deals in your local market? In this episode of the One Rental to Freedom podcast, host Chad Harris sits down with virtual wholesaling expert Chris Logan to discuss how to break free from geographic limitations. Chris shares his journey from reading Rich Dad Poor Dad to building a seven-figure virtual wholesaling business.Learn the "Easy Offer Method," how to identify high-profit territories using three simple metrics, and why finding your buyers first is the key to never getting stuck with a bad lead. Whether you want to grow your rental portfolio or monetize the leads you don't want to keep, this episode provides a masterclass in remote real estate investing.Key Highlights:The 3-step criteria for picking a winning virtual territory.How to evaluate properties without ever visiting them.The "Easy Offer Method": Why you should stop stressing over rehab estimates.Essential contract clauses for every wholesaler.Tips for communicating with sellers without using confusing jargon.Interested in working with Chris and his team? Apply at:http://virtualwholesalingmadesimple.com/ Visit our website at www.TrueWealthInvestors.com for more real estate wisdom and resources. More Resources & LinksStruggling to get started in Real Estate or feel like you are struggling to get to the next level? Check out this Free Vision Casting Video to help clarify your goals and get specific steps to accomplish them!Schedule a 30 Minute Discovery Call with Chad Accelerate the growth of your business and reclaim control of your life! Are you tired of your business running you instead of the other way around? It's easy to get bogged down in the day-to-day operations, making it challenging to identify overarching challenges and solutions. Let's schedule a call to gain a strategic 10,000-foot perspective and devise a tailored plan for your success. Take the first step towards a business that not only thrives but also enhances your life! Connect with Chad on LinkedInFollow Chad on InstagramFollow Chad on YouTubeFollow True Wealth on FacebookBe sure to leave a rating & review to let us know how this show has helped YOU!
Watch the episode on YouTube: https://youtu.be/KEYLu7VfH-c Growth, service, and continuous learning are at the heart of a meaningful career. In this episode of Stories from the River, host Tyler Trill sits down with Mark Deulley, Senior Manager of Project Management at Broad River Retail, to explore his journey across multiple roles within the company. From earning two Bridge Builder Awards to leading initiatives that enhance data accuracy and sales tools, Mark shares what it means to lead with purpose and serve others. The conversation also highlights his passion for giving back through programs like St. Jude and Hope to Dream, as well as his approach to project management, personal growth, and lifelong learning. From lessons learned along the way to life outside of work, this episode offers an inspiring look at what it takes to grow, lead, and make a lasting impact. The Power of Perseverance: Mark Deulley's Founders Scholarship Fund Story - https://www.youtube.com/watch?v=kaFJLy0fy1Y Books mentioned: Rich Dad Poor Dad by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 The 360 Degree Leader by John C. Maxwell - https://www.amazon.com/360-Degree-Leader-Developing-Organization/dp/1400203597/ Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail
Watch the episode on YouTube: https://youtu.be/KEYLu7VfH-c Growth, service, and continuous learning are at the heart of a meaningful career. In this episode of Stories from the River, host Tyler Trill sits down with Mark Deulley, Senior Manager of Project Management at Broad River Retail, to explore his journey across multiple roles within the company. From earning two Bridge Builder Awards to leading initiatives that enhance data accuracy and sales tools, Mark shares what it means to lead with purpose and serve others. The conversation also highlights his passion for giving back through programs like St. Jude and Hope to Dream, as well as his approach to project management, personal growth, and lifelong learning. From lessons learned along the way to life outside of work, this episode offers an inspiring look at what it takes to grow, lead, and make a lasting impact. The Power of Perseverance: Mark Deulley's Founders Scholarship Fund Story - https://www.youtube.com/watch?v=kaFJLy0fy1Y Books mentioned: Rich Dad Poor Dad by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 The 360 Degree Leader by John C. Maxwell - https://www.amazon.com/360-Degree-Leader-Developing-Organization/dp/1400203597/ Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail
Explore and learn the key points from the book Rich Dad Poor Dad written by Robert Kiyosaki. Build a system of assets instead of liabilities. Learn to think like the rich instead of like the poor and middle class. Dr. Steve Hryszczuck read Rich Dad Poor Dad and implemented some of the principles of the book into his life. The results yielded a system of assets providing a cashflow return. We sat down with Dr. Steve and he shares and explains what he has done, and how it is working for him in these two episodes here: Real Estate Investing with Dr. Steve Hryszczuk: https://youtu.be/_r552FyHfc0 Infinite Banking and Real Estate with Dr. Steve Hryszczuk: https://youtu.be/aFqxeENXIiY –––––––––––––––––––––––––––––––––––––––––––––––––– On wealth talks podcast we break down Nelson Nash's revolutionary Infinite Banking Concept step by step. Learn exactly how to start infinite banking, including: - Choosing the right dividend-paying whole life policy and adding powerful riders - Properly overfunding your policy to maximize early cash value growth (without triggering MEC rules) - Borrowing against your cash value tax-free while your money continues compounding - Repaying yourself on your terms to recapture interest banks normally keep - Real-world examples, common mistakes to avoid, and tips for building generational wealth Discover how to start infinite banking and take control of your finances with the Infinite Banking Concept (IBC) — the proven strategy to become your own banker using dividend-paying whole life insurance. Whether you're new to the Infinite Banking Concept or looking to optimize your existing setup, we explain the fundamentals in plain English — no hype. Hear from verified IBC practitioners, policyholders who've implemented the strategy successfully, and experts who reveal how the wealthy use privatized banking to finance cars, homes, investments, and businesses without traditional lenders. If you're searching for how to start infinite banking, tired of losing interest to banks, or ready to build a personal banking system that grows wealth safely and predictably, subscribe now and start your journey to financial independence. New episodes drop weekly. Listen on Apple Podcasts, Spotify, or your favorite platform — and take the first step toward becoming your own banker today! #InfiniteBanking #BecomeYourOwnBanker #WholeLifeInsurance #FinancialFreedom #CashValueLifeInsurance Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8
In this episode of the Talk Design podcast, host Adrian Ramsey sits down with Mike Roberts, the author, real estate investor, and podcast host widely known as The Converse Cowboy.Mike shares his origin story, detailing his journey from growing up playing baseball in North Louisiana to working in pharmaceutical sales. Inspired by foundational texts like Napoleon Hill's Think and Grow Rich and Robert Kiyosaki's Rich Dad Poor Dad, Mike fundamentally shifted his mindset away from the traditional "factory worker" conditioning of going to school and getting a standard job. Instead, he built a real estate portfolio that eventually allowed him to walk away from his corporate career.The conversation takes a deep dive into Mike's newly released Amazon #1 bestselling book, Perspective as a Verb. Originally planned as a daily entry book with 365 quotes, Mike details the rigorous editing process with Scribe Publishing that helped distill the work down to 101 powerful illustrations and personal reflections. He explains how the book serves as his own journal and philosophical guide, born out of a dark period following a divorce.Adrian and Mike also explore Mike's passion for the performance horse world. Mike shares a profound analogy from his book, comparing the untrained subconscious mind to a young, unbroken colt, and the conscious mind to the rider who must use consistency and awareness to guide it. Hosted on Acast. See acast.com/privacy for more information.
Mobile Home Park Deals | Patrick Nunn dives into how Patrick built a real estate business around mobile home parks, off-market acquisitions, and motivated seller conversations in North Carolina. In this episode, Patrick shares how Rich Dad Poor Dad sparked his investing journey, how an early condo flip opened his eyes to real estate profits, and why relationship-based deal flow has been the foundation of his success. He also breaks down why mobile home parks are often misunderstood, the biggest mistakes investors make in this niche, how he finds deals through direct mail and web leads, and why talking to as many motivated sellers as possible is still the fastest path to rebuilding a business from scratch. _______________________________ If you want to learn how to run your business in 5 hours or less.... Go to https://www.5HourBusiness.com Subscribe to my YouTube channel: / @tonyjavierbiz And if you're into flying and want to follow my Aviation journey, check out my other YouTube channel at / @tonyjaviertv _______________________________ Follow me on Social Media: Tiktok - / tonyjavier.tv Instagram - / tonyjavier.tv Facebook Personal - / tonyejavier Facebook Business - / realtonyjavier ________________________________________ If you want to dominate your Real Estate Market with TV commercials, go here: https://www.ClaimMyMarket.com If you want to connect with me and my network, go to https://tonyjavier.com/connect If you want to check out Tony's Real Estate Resources and Vendors go to https://www.TonyJavier.com/resources ________________________________________ Tony is the owner of an INC 5000-rated Real Estate Investment Company. He has been featured in Bigger Pockets, Wholesaling INC, Steve Trang's Real Estate Disruptors, Joe Fairless' Best Ever Podcast, and many other top podcasts and platforms. When Tony is not working on his business, he enjoys flying his plane. You can see videos on that and how he uses airplanes to save money on taxes. Don't forget to like the video, comment, subscribe to my channel, and share this with a friend if I'm doing my job and providing value to you and your network. If I'm not doing my job please let me know in the comments how I can be better, your feedback is greatly appreciated. See you in the next video!
I almost learned the hard way that entrepreneurship rewards action, but it also demands humility.Liz Faircloth, real estate investor, entrepreneur, and co-founder of the Real Estate InvestHER community, talks about the moments that shape an entrepreneur's journey—the mistakes, the risks, and the lessons you can't learn from a textbook.Liz shares the story of how she missed two mortgage payments because she refused to hire a $200/month bookkeeper, and how that painful moment forced her to step back, fire herself from the role, and build the team that ultimately helped scale her real estate business.We also dive into:- How a $30,000 loan from her father launched her first real estate investment- The impact of Rich Dad Poor Dad on her financial mindset- Why failure is often the fastest path to growth- The terrifying moment when $10 million in investor funds was stolen by a 1031 custodian- How she rebuilt trust and protected her investors- What it's like building a business with your spouse- Why she created InvestHER, a global community helping women build wealth through real estate- How entrepreneurs can turn fear into opportunityFor me, the biggest takeaway is simple: you can't avoid pain in business—but you can decide whether you learn from it.Connect with Liz Faircloth: https://www.linkedin.com/in/liz-faircloth-36783/Follow Invest HER: https://www.instagram.com/therealestateinvesther/Learn more about Invest HER: http://www.linktr.ee/investherTimestamps:00:00 The $200 mistake that changed Liz's business01:05 Why entrepreneurs need failure to grow02:21 How Rich Dad Poor Dad changed Liz's life08:42 Why you'll never feel 100% ready to invest09:17 Lessons from Wharton and entrepreneurial thinking10:23 “Burn the boats” — the mindset of real entrepreneurs11:21 What it's really like building a business with your spouse14:21 The biggest real estate scare of Liz's career18:00 The responsibility of managing investor capital19:57 Protecting investors and rebuilding trust22:26 Navigating real estate during COVID25:24 The birth of the InvestHER community31:56 Why purpose matters more than profit33:00 Final thoughts on leadership, growth, and impactLike this episode? Leave a review here:https://ratethispodcast.com/commondenominator
Clean Biz Network Podcast | How To Start a 7-Figure Commercial Cleaning Company
Join us in Clean Biz Network! https://www.cleanbiznetwork.app/Get your Cleaning Business Automated! Visit https://cleanbizuniversity.com/automa...Join this channel to get access to perks: / @ajsimmonsonline Schedule a 1 on 1 Consultation: https://calendly.com/ajsimmonsLet my lead generation company to set bid appointments for you! Click here https://www.cleanbizcrm.com/leadgener...Follow: @AjSimmonsOnline on Instagram / ajsimmonsonline Need Business Insurance? Click this link https://nextinsurance.sjv.io/Ea23K9Need Business Credit? Apply at this linkhttps://americanexpress.com/en-us/ref...Thank you for watching, subscribing, liking, sharing, and commenting!!!!
The Big Picture Blueprint: Navigating Land, Real Estate, and Business Success
In this episode, we sit down with Jesse, a land investor who built a thriving business by doing something most people avoid, taking action before everything feels perfectly clear. Jesse shares how he got started in real estate after reading Rich Dad Poor Dad, flipping houses at first before discovering land deals almost by accident. One door knock led to his first land deal, and that simple transaction opened the door to a completely different model of real estate investing.We talk about how Jesse scaled from small deals to six figure spreads by focusing on consistent marketing, strong relationships with sellers, and creative deal structures. He explains why sending mail and texts every month still works, how he built trust with a landowner that turned into a seller financed deal, and the mindset that helped him keep going when most beginners would have quit. Along the way, Jesse breaks down the unconventional tactics that helped him close deals others would have walked away from. From sending pizza to a property owner to locate a hidden seller, to hiring private investigators to track down heirs on distressed properties, he shows how persistence and creativity can unlock opportunities most investors miss. He also talks openly about mistakes, due diligence lessons, raising private money, and why the worst thing you can do in this business is stop marketing. If you want to see how resourcefulness, consistent outreach, and relationship building can turn small deals into a serious land business, this episode will change how you think about finding and closing opportunities.===Key Topics:-Starting a land investing business from one accidental deal-Creative ways to find and close off market land deals-Using relationships to unlock seller financing and private money-Lessons learned from due diligence mistakes and failed deals-Why consistent marketing is the backbone of land investing===If you're selling land and still relying on Facebook messages, you're making it harder than it needs to be. Acrefy helps land investors create clean, professional dispo websites where buyers can see everything in one place. It saves time, looks legit, and helps you close faster.
Tim Woodbridge is a mobile home park investor whose journey proves that bold action can completely change the trajectory of your life. After spending years working long shifts as a nurse, Tim had a mindset shift after reading Rich Dad Poor Dad—and instead of just thinking about investing, he took action. Within a year of discovering mobile home parks, and with very little capital, he purchased his first deal. Fast forward just a few years, and he's built a $45 million mobile home park portfolio spanning more than 1,100 pads, allowing him to retire from nursing and focus full-time on building recession-resistant investments.We dive into why mobile home parks have become one of the most compelling asset classes in real estate, how investors can participate passively, and the strategies he uses to deliver strong returns—including targeting a 2x equity multiple and significant first-year tax savings through cost segregation. We also discuss the bigger mission behind the business: creating affordable housing while helping high-income professionals build wealth and reduce taxes. It's a powerful story of resilience, reinvention, and the impact that real estate investing can have not just on your finances, but on your freedom and your life.FOLLOW TIM
Andrew Freed transitioned from a W2 project manager to a successful real estate investor after being inspired by Rich Dad Poor Dad. Using a HELOC on his Boston condo, he acquired 10 properties in just two years and has since grown his portfolio to over 400 units with another 50 under contract. Known for his expertise in multifamily investing, house hacking, and syndication, Andrew is also a top contributor on BiggerPockets and regularly shares insights through podcasts and real estate meetups to help others achieve financial freedom. Here's some of the topics we covered: Why Andrew Bet Everything on Real Estate Rod's Newest Real Estate Training You Need To Know About Inside Andrew's Fast-Growing Podcast Success The Right Way To Start Investing How Andrew Actually Broke Into Real Estate The First Practical Steps That Built His Portfolio When It Really Makes Sense To Leave Your W2 How Andrew's Teaching Can Fast-Track Your Investing What Makes Some Investors Take The Leap While Others Stay Stuck If you'd like to apply to the warrior program and do deals with other rockstars in this business: Text crush to 72345 and we'll be speaking soon. For more about Rod and his real estate investing journey go to www.rodkhleif.com
David Hamer, a seasoned real estate entrepreneur with hundreds of multifamily units, reveals how he overcame a decade-long struggle with analysis paralysis to build his impressive portfolio. Despite his deep background in finance and accounting, even David found himself stuck after being inspired by Rich Dad Poor Dad, facing the common challenge of an expensive local market. For years, LA's high prices and the 2008 financial crisis left him feeling like investing was out of reach. But a powerful message from a podcast host – "you just gotta go out and do it" – was the catalyst he needed. Hear how David made a commitment, looked beyond his local market to Northern Nevada, and successfully closed his first 6-unit multifamily deal in 2017, proving that taking the leap can lead to significant rewards. In this episode, Dave Dubeau and David Hamer dive into the critical mindset shift required to move from dreaming to doing, the benefits of exploring out-of-state markets, and the importance of financial due diligence in building a thriving real estate business. Tune in to learn how to break through your own barriers and take that crucial first step towards real estate success. - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here httpdaveinterviewsyou.com
Loral reunites with Sharon Lechter, her “financial mom” for a powerful conversation on true wealth mentorship and the difference between chasing money and building a life that's rich in every way.Sharon shares her money story, and dives into her newest book Old Wealth, New Wealth, True Wealth and the real message behind it: true wealth mentorship isn't just about accumulation, it's about who you become, who you impact, and what you keep intact along the way (health, family, purpose).You'll also hear why people get stuck in fear, how your environment can pull you backward, and why daily mindset practices matter.If you've been looking for clarity, direction, and the kind of guidance that helps you move forward with confidence, this episode is a masterclass in true wealth mentorship.Loral's Takeaways:Sharon Lechter's Background and Achievements (00:00)Partnership with Robert Kiyosaki and Rich Dad Poor Dad (03:28)Motivation and Legacy (05:27)The Story of Nathan and the Three Wealth Paths (07:04)Challenges and Opportunities in Building Wealth (15:56)Connect with Sharon: https://atm.sharonlechter.com/Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems: https://integratedwealthsystems.com/Affiliate Sign-Up: https://integratedwealthsystems.com/affiliatesThanks for listening!Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.Do you have some feedback or questions about this episode? Leave a comment in the section below!Subscribe to the podcastIf you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device.Leave us an iTunes reviewRatings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.
Shaped by a childhood of resourcefulness and grit, Barry Bradham's story moves beyond your usual rags-to-riches narrative. Raised in a family where money was often scarce, his parents displayed both strong work ethics and unconventional life choices. Barry started honing his sales skills at just eight years old; he was trading toys and selling bubblegum and baseball cards from a table on the corner. These formative experiences not only instilled the value of integrity but also introduced him early to both the highs of self-sufficiency and the lessons that come when the money in play isn't as innocent as it first appears.From those humble beginnings, Barry followed an untraditional but ambitious route, blending work ethic with curiosity. His adolescence and entry into adulthood were marked by a succession of odd jobs, guided mentorship from community figures, and a constant drive to improve his financial footing. It was this drive, combined with the influence of books like "Rich Dad Poor Dad" and real-life examples of side hustles and entrepreneurship, that sustained his hunger for financial autonomy. But it was also a journey fueled by necessity and wanting a sense of control over his life that he didn't always see modeled at home.In college, Barry took those scrappy entrepreneurial skills to the next level, helping launch new student organizations and eventually moving into a career in banking and real estate. By outward appearances, things looked, well, fine.He had an expanding portfolio, social credibility, and an impressive track record managing both businesses and teams. And yet, beneath the surface, Barry was making decisions in isolation, he no longer had the mentorship and strategic counsel that are vital when navigating high stakes. This was his first “fine but not fine” phase.It all came to a head during the economic downturn, when his calculated risks unraveled. He lost properties, financial security, his fiancée, and his sense of direction. And still, he kept the front up. Smiling. Positive. “I've got this.”But as often happens, those lowest moments became catalyzing ones. One day he was on a bus in the rain in Manhattan Beach, whispering to his sister through the phone that he felt like he was living out the movie The Pursuit of Happyness in real time.He was determined not to stay in that place though. He taught himself graphic design and studied Adobe programs late into the night. Slept on his office floor when he had to. Sold his car. Kept showing up to meetings with a belief that he could still create value.Barry credits his resurgence to humility, learning to ask for help, and embracing community instead of going it alone. His second “fine” season taught him something even bigger. And that story? Tune in to hear him tell it.Resources: Website: https://digilink.global/barrybradham-entrepreneur LinkedIn: https://www.linkedin.com/in/barrybradham/ Facebook: https://www.facebook.com/barrybradham Instagram: https://www.instagram.com/barrybradham_entrepreneur/ Hype Song: Robin Thicke - Blurred Lines ft. T.I., Pharrell https://www.youtube.com/watch?v=yyDUC1LUXSU&list=RDyyDUC1LUXSU&start_radio=1 Invitation from Lori:This episode is sponsored by Zen Rabbit. Smart leaders know trust is the backbone of a thriving workplace, and in today's hybrid whirlwind, it doesn't grow from quarterly updates or the occasional Slack ping. It grows from steady, human communication.Plenty of companies think they're doing great because they host all-staff meetings, keep “open door” policies, and throw the occasional team-building event. Meanwhile, leaders who truly care about culture are choosing better tools.That's where I come in. Forward-thinking organizations bring me in to create internal podcasts that connect people through real stories, honest conversations, and genuine community—your old printed newsletter reinvented for the way people actually work now.If you run, work for, or know a company ready to upgrade communication and strengthen culture, reach out at Lori@ZenRabbit dot com.Because when people feel heard, they engage. When they engage, they perform. And when they perform, the business succeeds beyond projections.
In this episode of Unlock Your Life, host Jennings Smith sits down with Tim Vitale, co-founder of Vibe Equity, to discuss his remarkable journey from corporate finance to building a 2,000+ unit multifamily real estate portfolio. Tim shares how reading "Rich Dad Poor Dad" inspired him to leave the corporate world and transition into real estate investing, ultimately becoming "unemployable" in traditional employment. Discover the strategic advantages of multifamily investing over single-family properties, the critical importance of in-house property management for profitability, and why "passive income" is a myth. Tim breaks down the operational realities of real estate, from cash flow management and tenant collections to navigating market cycles and cap rate dynamics. Learn how he scaled from his first deal in 2021 to managing over 1,100 units in-house, and gain insights into building systems that create freedom, wealth, and lasting impact. Whether you're considering real estate investing or looking to scale your portfolio, this conversation will challenge your assumptions and inspire an abundance mindset for long-term success.
On today's episode of the CLS Experience, host Craig Siegel sits down with entrepreneur and real estate investor Hannah Hammond for a deep conversation on authenticity, energy, and building wealth with purpose. Hannah shares how recognizing expansive versus contracted states allows her to shift habits, relationships, and business decisions in real time to stay aligned. She opens up about overcoming childhood trauma, depression, isolation, and an eating disorder, and the powerful realization that money and external success alone do not create fulfillment. The discussion explores separating consciousness from automatic thoughts, choosing beliefs intentionally, and grounding spirituality in the idea that God lives within. Hannah also breaks down setting boundaries, firing misaligned clients, protecting white space for clarity, and delegating to focus on the point of the arrow. From her early inspiration reading Rich Dad Poor Dad to her optimistic take on market volatility as opportunity, this episode blends inner work with practical wealth building strategy. Let's go deep.13:47 Boundaries and People Pleasing27:05 Real Estate and Financial Freedom34:12 Inner Work Over External Outcomes40:53 Marry the Process Divorce the Outcome50:44 Systems and Focusing on the Arrow PointCheck out Hannah on Instagram HERE: Check out Hannah's Website HERE:Tickets now available for our live event March 5th, CLS: Genesis HERE:To join our community click here.➤ To connect with Craig Siegel follow Craig on Instagram➤ Order a copy of my new book The Reinvention Formula today! ➤ Join our CLS texting community for free daily inspiration and business strategies to elevate your day, text (917) 634-3796➤ INSTAGRAM➤ FACEBOOK➤ TIKTOK➤ YOUTUBE➤ WEBSITE➤ LINKEDIN➤ X
Women are about to inherit trillions — yet many underestimate their ability to invest. But women are actually proven to outperform men when they invest, so what's keeping women from investing with confidence? Liz Faircloth saw this gap and started InvestHER, a community that helps women take control of their financial futures and define success on their own terms. In this episode, she shares how women approach investing differently and why she believes women aren't a niche in investing, but actually the future of it. Hear the key decisions that helped her go from owning one duplex to owning a portfolio worth $160 million! Topics discussed: Introduction (00:00) How discovering real estate changed her career path (01:14) Real estate lessons and fundamentals (07:24) What inspired Liz to build a community through InvestHER (10:44) Why podcasting was a strategic move — not a side project (13:08) The Great Wealth Transfer and why women need investing confidence (14:57) Paying yourself vs. reinvesting in your business (19:33) Shaping your money habits around your health (23:41) Communication tips for working with your spouse (27:38) What brought you JOY today? (30:22) If you're a writer who wants to take control of your finances, read Mitlin Financial's Write Your Financial Future: A Financial Guide for Authors: https://www.mitlinfinancial.com/insights/blog/write-your-financial-future-a-financial-guide-for-authors/ Resources: Sending your child to college will always be emotional but are you financially ready? Take the College Readiness Quiz for Parents: https://www.mitlinfinancial.com/college-readiness-quiz/ Doing your taxes might not be enJOYable but being more organized can make the process less painful. Get Your Gathering Your Tax Documents Checklist: https://www.mitlinfinancial.com/wp-content/uploads/2024/06/Mitlin_ChecklistForGatheringYourTaxDocuments_Form_062424_v2.pdf Will you be able to enJOY the Retirement you envision? Take the Retirement Ready Quiz: https://www.mitlinfinancial.com/retirement-planning-quiz/ Connect with Larry Sprung: LinkedIn: https://www.linkedin.com/in/lawrencesprung/ Instagram: https://www.instagram.com/larry_sprung/ Facebook: https://www.facebook.com/LawrenceDSprung/ X (Twitter): https://x.com/Lawrence_Sprung Connect with Liz Faircloth: Instagram: https://www.instagram.com/therealestateinvesther Facebook: https://www.facebook.com/therealestateinvesther Website: https://investhercon.therealestateinvesther.com/ About Our Guest: While studying to become a social worker, I was introduced to Rich Dad Poor Dad like Andresa. And that's when the trajectory of my life changed. After a year of taking countless classes at a local REIA, analyzing hundreds of deals, and getting a ton of "no's", my now husband and I purchased our first investment property which was a duplex outside of Philadelphia. Today, our team owns and manages millions of dollars of real estate. I have learned a ton of lessons. But most importantly, I discovered how complicated – and essential – it is for women to have the tools we need to successfully balance our lives as women, wives, moms, and entrepreneurs. That's why we created our InvestHER® Disclosure: Guests on the Mitlin Money Mindset are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site. This episode was produced by Podcast Boutique https://www.podcastboutique.com
Send a textIn this episode, Kay Suthar sits down with Patrick Twitchett to break down why efficiency and optimisation should be at the core of every business. Patrick, founder of CASE MASTERMIND and widely known as “The Simplifier,” shares how entrepreneurs can increase income, reduce unnecessary costs, and simplify operations without sacrificing growth. They explore the power of masterminds, the principle that you are the average of the five people you spend the most time with, and why proximity can dramatically shift your results. Patrick also dives into the difference between to-do lists and calendars, how to properly calculate your professional rate, and why outsourcing is often the smartest financial move you can make. If you've ever felt overwhelmed, overworked, or stuck in complexity, this episode is your reminder that less really is more.What to expect in this episode: (00:00) – Why efficiency and optimisation drive business growth (04:10) – Lessons from Rich Dad Poor Dad and Think and Grow Rich (07:40) – Living by the principle “less is more” (11:20) – The real difference between to-do lists and calendars (15:00) – How to calculate your professional hourly rate (18:50) – Why outsourcing can actually make you more money (22:30) – The power of masterminds and proximity (26:40) – A mastermind member repurposing a marketing strategy in real timeAbout Patrick TwitchettPatrick Twitchett is the founder of CASE MASTERMIND. He helps entrepreneurs optimise costs and improve income through his consultancy service Simplies, combining the words simple and supplies. Known as “The Simplifier,” Patrick supports business owners in streamlining operations and building stronger financial foundations. He also speaks regularly on the CASE Broadcast alongside Melvyn Manning as MēL and PāT, discussing business growth and personal development.Connect with Patrick TwitchettWebsite: https://www.casemastermind.co.uk/Email: patrick.twitchett@simplies.co.ukFacebook Group: https://www.facebook.com/groups/CASEmastermind/Instagram: https://www.instagram.com/case_mastermind/YouTube: https://www.youtube.com/channel/UCW0rA_8xhXgFZZApcG4QXswTwitter: https://twitter.com/CASEmastermindLinkedIn: https://www.linkedin.com/company/casenetworking/FREE Gift from PatrickSign up as a Chrome member and receive the CASE Mastermind newsletter: https://casemastermind.co.uk/Connect with Kay SutharBusiness Website: https://makeyourmarkagency.com/Podcast Website: https://www.makeyourmarkpodcast.com/LinkedIn: https://www.linkedin.com/in/kay-suthar-make-your-mark/Facebook Group: https://www.facebook.com/groups/482037820744114Email: kay@makeyourmarkagency.comFREE Gifts from Kay Suthar:3 Ultimate Secrets to Getting Booked on Podcasts: https://getbookedonpodcast.com5 Simple Steps to Launch Your Podcast in 14 Days: https://14daystolaunch.com
Send a textIn this episode of The Corporate Life, Hina Siddiqui sits down with Fernando Angelucci, a real estate mogul who transformed five digits of credit card debt into a $250 million self-storage empire. Fernando shares his "burn the bridges" approach to entrepreneurship, explaining how he cash-advanced $97,000 to force his own success. He famously remarks, "Every time a life changes, a storage unit gets rented," offering a deep dive into the psychology and strategy of a "recess-proof" industry.Key Takeaways Success demands "crazy transformation" and a willingness to build the parachute on the way down. Fernando emphasizes that the most productive task for a business owner is sitting in silence to think. He advocates for the "Law of Threes and Tens," noting that systems must break and evolve as a company scales. Ultimately, he views money as a tool for time freedom and acts of service.Episode Highlights The conversation explores the transition from "tenants, toilets, and trash" to the high-margin world of self-storage. Fernando breaks down his four-pillar wealth-making machine: consolidation, ground-up development, adaptive reuse, and strategic marketing. He also shares a powerful "fear setting" exercise to evaluate risk versus reward.Timestamps 00:03:22 — The Rich Dad Poor Dad influence 00:04:30 — Why Fernando applied for 60 credit cards 00:08:13 — Eliminating the "Three Ts" of real estate 00:22:06 — Strategy: Selling to the Big Money REITs 00:30:56 — What money can and cannot buy00:46:40 — The movie title of Fernando's lifeConnect with Fernando Angelus Website: ssse.com Email: Fernando@SSSE.comSocial media: https://linktr.ee/ssse_officialConnect with Hina WEBSITE I https://thehinasiddiqui.com/ LINKEDIN I / hinasiddiqui INSTAGRAM I @hinawithwings YOUTUBE I / @thehinasiddiqui Email I hina@thehinasiddiqui.comCheck out Hina's books: https://amzn.to/3B65Wz7 Production Credit: Edited and produced by @the32collective_ / https://www.the32collective.co/The Path to ExitFounders—thinking of selling or raising capital? Here's what you should know... Listen on: Apple Podcasts Spotify Make your podcast work for your business - Listen to Podcasting AmplifiedPractical strategies to turn your podcast into a business growth engine.Listen on: Apple Podcasts Spotify
Before Damian Maldonado was negotiating billion-dollar valuations or building businesses across Puerto Rico, he was a kid living in poverty and sharing bunk beds in a homeless shelter with his brothers. But those early years didn't break him. They led him to become the co-founder and CEO of American Financing, one of the largest privately held mortgage companies in the U.S. In this episode, Damian joins Ilana to share how growing up in poverty shaped his relationship with risk, money, and resilience, and what it really takes to bootstrap a company through market crashes, massive layoffs, and billion-dollar decisions. Damian Maldonado is a serial entrepreneur, investor, and co-founder and CEO of American Financing, one of the largest privately held mortgage companies in the U.S., which he helped grow from a small startup into a national brand. In this episode, Ilana and Damian will discuss: (00:00) Introduction (02:57) Growing Up in Poverty and a Homeless Shelter (08:42) Key Lessons from Early Jobs (11:42) Pitching to a CEO at 21 Without Fear of Rejection (14:38) Damian's Journey into the Mortgage Industry (19:14) Starting America Financing With No Safety Net (22:30) Leading Through Layoffs and Downturns (27:07) Why He Turned Down a Billion-Dollar Offer (30:57) Leadership Lessons from Richard Branson (34:25) Building a Portfolio Career with Adventure (42:53) Q&A: Crafting a Response to ‘Tell Me About Yourself' Damian Maldonado is the co-founder and CEO of American Financing, one of the largest privately held mortgage companies in the U.S., which he helped grow from a small startup into a national brand. He also co-founded American Home Agents and has expanded his business interests into hospitality and lifestyle ventures in Puerto Rico, including a boutique beachfront hotel, restaurant, and kiteboarding school, creating jobs and adding value to the local community. Connect with Damian: Damian's Website: https://damianmaldonado.com Damian's Instagram: instagram.com/damiankitepr Resources Mentioned: Awaken the Giant Within by Tony Robbins: https://www.amazon.com/Awaken-Giant-Within-Immediate-Emotional/dp/0671791540 Think And Grow Rich by Napoleon Hill: https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 Rich Dad Poor Dad by Robert Kiyosaki: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131/ The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Leap Academy: LeapCon is the #1 Conference for Reinvention, Leadership & Career — a powerful 3‑day experience designed to help you unlock what's next in your career and life.
The video is episode number 348 of the Homeowner Show, hosted by Kevin Hackett and Craig Williams. They begin by discussing the recent Super Bowl, with both hosts agreeing that the game itself was not particularly exciting. They then delve into the halftime shows, comparing the Super Bowl halftime show featuring Bad Bunny with an alternative halftime show organized by Turning Point USA, which featured Kid Rock and other performers. The hosts analyze the production value and musical quality of both halftime shows, with a consensus that while the Super Bowl halftime show had high production values, the musical content was not to their taste. They praise Lady Gaga's performance from a previous Super Bowl halftime show as a standout. The discussion then shifts to the success of the Turning Point USA halftime show, noting its record-breaking concurrent stream numbers and its appeal to a specific demographic. A significant portion of the conversation revolves around the political and cultural implications of the Super Bowl halftime show choices, touching on themes of family values, patriotism, and audience engagement. They also discuss the historical context of Super Bowl halftime shows, referencing iconic performances like Michael Jackson's. The conversation takes a turn to discuss Donald Trump's recent social media post featuring a controversial video. The hosts express strong disapproval of the video's content, deeming it offensive and inappropriate, particularly due to the racial undertones of associating certain individuals with monkeys. They debate whether Trump was aware of the full content of the video and whether his refusal to apologize was a strategic move or a sign of poor judgment. Finally, the discussion broadens to cover themes of personal responsibility, mindset, and opportunity. They emphasize the importance of changing one's perspective, particularly regarding financial goals and achieving success, citing the book "Rich Dad Poor Dad" as an example of how changing one's mindset can unlock potential. They conclude by encouraging listeners to take control of their own lives and not be limited by external beliefs or circumstances. #HomeownerShow #SuperBowl #HalftimeShow #PoliticalCommentary Buy a Homeowners Show T-Shirt! Subscribe to our YouTube Channel The Homeowners Show Website The Homeowners Show Facebook Page Instagram @homeownersshow Twitter @HomeownersThe Info@homeownersshow.com Sustained Growth Solutions – Design a lead generation system specifically for your business so that you never have to search for leads again! We are a full digital marketing agency.
Andrew Becker is with wholesaling powerhouse Brent Daniels! Brent shares his journey from losing everything in the 2008 crash to building a massive empire using the "Four-Headed Monster" of Google marketing. He reveals why inbound leads from Google PPC and SEO are the highest converting leads in the industry and how to dominate the four critical spots on the first page of Google to capture motivated sellers who are ready to act now. In this deep dive, Brent breaks down his internal sales process, emphasizing the critical "speed to lead" rule—you have exactly 30 seconds to respond to an inbound lead before your chances of conversion drop. He explains the "keys" analogy for why sellers choose speed and convenience over price, how to track the right KPIs to ensure profitability, and why focusing on "ugly houses" rather than just any lead is the secret to high margins. More wholesaling lessons if you join the TTP Training Program today. ---------Show notes:(0:50) Beginning of today's episode(3:29) The "Rich Dad Poor Dad" moment that changed everything (5:25) Losing it all in 2008 and rebuilding through "Talking to People" (7:12) Wholesaling 101: The three main exit strategies (Flip, Hold, Assign) (9:54) The "Four-Headed Monster" of Google: PPC, GMB, SEO, and YouTube (12:09) Speed, Convenience, vs. Price: The "Keys" Analogy for motivated sellers (16:28) The 30-Second Rule: Why speed to lead is non-negotiable (19:56) Quality over Quantity: Why you shouldn't make an offer on every single lead (21:54) The vital KPIs: Live answer rates, leads per deal, and marketing ROI (24:33) Resources for finding off-market deals ----------Resources:TTP InsiderBrent Daniels YouTube Channel To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?
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