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Title: Why Most Capital Raisers Will Get Sued in the Next Crash with Rob Beardsley and Craig McGrouther Summary: In this episode of “Fund Friday,” hosts discuss the innovative solutions offered by Tribe Vest, a pioneering fund-of-funds startup, which is poised to transform the landscape for emerging fund managers, investors, and capital raisers. Guests Travis Smith and Seth Bradley delve into their personal journeys and the genesis of Tribe Vest, highlighting the advantages of adopting a fund-of-funds model that enhances compliance and increases access for numerous accredited investors. They detail how Tribe Vest supports fund managers through its comprehensive services, allowing them to raise capital efficiently while ensuring legal and financial compliance.   The conversation unfolds various industry challenges faced by fund managers, such as the difficulties in connecting accredited investors with good deals and maintaining compliance in the ever-evolving regulatory environment. Smith and Bradley underscore the essence of Tribe Vest, focusing on its operational efficiency—providing essential support like K-1 tax distribution, capital-raising infrastructure, and investor onboarding—all streamlined with technology.   In conclusion, they not only spotlight the competitive pricing and quick service turnaround of Tribe Vest but also express their commitment to fostering a landscape that democratizes access to high-quality investing opportunities while empowering fund managers. Their vision seeks to break down barriers traditionally faced in private investment, paving the way for a more inclusive investment future. Links to Listen and Subscribe: https://podcasts.apple.com/us/podcast/fund-friday-e49-the-cost-effective-way-to-launch-a/id1511202840?i=1000673582673 https://open.spotify.com/episode/4tLAtXFe3OrqtCwyc7gfBE Links to Watch and Subscribe: https://www.youtube.com/watch?v=GVgT4GMrPPI&t=70s Bullet Point Highlights: Tribe Vest revolutionizes the fund-of-funds model for emerging fund managers. The connection of accredited investors to high-quality private investment opportunities is crucial yet challenging. Efficient operational support, including compliance and investor onboarding, sets Tribe Vest apart. The need for compliance amid industry scrutiny has shifted sentiment towards fund-of-funds for risk mitigation. Tribe Vest empowers fund managers by providing an institutional-level infrastructure for capital raises. Cost-effective solutions allow fund managers to focus on relationships rather than administrative burdens. Quick setup times (just five days) streamline the capital-raising process for fund managers. Transcript: welcome back to another episode of fund Friday this is going to be a very nutrient dense jam-packed episode with two amazing people we just had the pleasure of connecting with them once more at our Flagship uh summon event in New York City the gentleman behind tribe vest here a cuttingedge fun to fun group VC backed the whole nine this is going to be such an important episode for all you emerging fund managers you Capital raisers Maybe investors who kind of want to know behind the curtain what's going   on and also just from a structural perspective as to how we've been able to scale our business safely and compliantly but with that said let's give a warm introduction to Travis Smith and Seth Bradley how are you both today good craigg good to see you it's been just a few weeks since we were in New York together which was an awesome event glad to be here yeah well there's been a lot of great updates to the product that tribe is offering since our initial conversation we had so I would almost even argue um for the   better Awards you can maybe even scrap that episode for future purposes don't need to look back because we're going to cover that and then some here today so I'm absolutely elated and thrilled to talk about that so let's get right into it and just to start with for some some context because we're gonna just keep it moving forward here how did Seth and Travis and the team have tried best kind of Forge and kind of come together from you know this Alliance from a business perspective yeah tra you want to kick that off man   sure sure and look you can't scrap that first episode because I think it's the first episode yeah like we're in the record books at this time right yeah so yeah no look uh me finding Seth and Seth Finding Me is a big part of our story no doubt really uh in early 2023 we had built out the infrastructure and the technology uh we' even been challenged by our clients to build out the back office where we do all the distributions cap table management uh k1s taxes and um but I hadn't quite figured out the fun to fun portion of this yet   and uh good story you know met Seth Bradley at a a conference in the British Virgin Islands where we were both speaking at the event uh both of our wives were there and uh they hit it off we hit it off and just had a wonderful wonderful week and weekend and um and that was when Seth kind of really opened my eyes to um this opportunity Seth you know how how do you remember it where where you know how how did it go from there yeah well funny enough my my pitch or my speaking engagement was on fund of funds it was   it was teaching the group about fund of funds what is it how can you how can you go from basically a passive investor and and start a business raising capital and and fund of funds is kind of the the next step and at the same time the industry was was pivoting there was uh you know there were Winds of Change so to speak from the the cgp model and people were starting to really take the fun of funds model more seriously and take a deeper look at it and the timing just couldn't be better as Travis was   taking his company and and trying to make it pivot himself into the the syndicator and the fund and the capital raising market and you know originally there was a cgp type of model that was being uh thrown around and actually had a good bit of success Travis right going into uh earlier that year and you know I I we just got into some deeper discussions about where the market is and where it's going and the market was really going to fund to funds and I said' look Travis if you're going to if you're going to take this business to   the next level get ahead of the game like this is where it's going it's going to fun and fund is kind of getting away from the cgp model so if you're going to build a product around that market really should focus in on fun to funds yeah I mean and I'll just go as well just to to piggyback off that timing is so funny there because I think it was roughly around the summer of 2023 when fun to fun was the biggest buzzword in the industry what is a fun of fund how does it work why is this the most compliant way do I need to do it what is   it how does it structure everything included there so we're going to unpack that all there but it sounds like Travis you might have had an additional comment well I was say it really it truly was right place right time for Seth and I to meet you think about leading up to that it was the becc 2023 and there just all these Rumblings with some some bigger names in our industry that were under an investigation for the CP model and that was really how the industry was working with capital Partners at the time and uh   collectively realized that there's got to be a more compliant better way and there I was with a two-thirds of the solution talking to Seth who rep represented the the last third of the solution so really was right place right time and and uh you know we're we're we're so glad to be partnered together and and solving a big problem Big Challenge yeah well and let's get right into that problem so the the problem of the industry so how can someone like loans start Capital safely compliantly bring dollars into our deals from   outside investors fund managers capital allocators and opportunity so what is the industry problem and what are you guys both solving Seth I I'll hand it over to you I think from a big industry problem I mean there's just the age-old you know you have awesome lead sponsors that are working hard finding great deals private deals out there like Lone Star and and then on the other side there's over 20 million accredited investors that want the benefits of private investing they want the the benefits that come with real estate they   want cash flow they want tax advantages uh you know they they want the appreciation all those things that are Why Real Estate so awesome they want to invest with these lead sponsors in these deals but as as we know unless you're kind of in a country club or in the network it's really hard to access those so that's the big problem the big problem is we have great lead sponsors with great deals and then on the other side we have have awesome accredited uh investors looking for those deals meanwhile they can't find each other and   uh they don't know how to access them and so the the industry as a whole you know a big conduit to solving that is this Capital Partner right the fund manager and Seth I'll turn it over to you kind of again maybe start with how the industry was solving it and what the problem was with that right yeah I mean I think you framed it correctly it's it's access we know these these accredited investors are out there there's Millions U maybe tens of millions out there in the United States that um maybe they know it maybe they   don't but they they might want to invest um they need educated they need access to Deals and on the other side you've got uh lead sponsors you've got fund managers you've got Capital aggregators who want to get access to these folks and we work on that in our business every single day about how do we reach these accredited investors um and then we all have our own little networks of people that we can raise capital from and that we know and that they no like and trust us to be able to place their   Capital with us um you know since the jobs act in 2012 which is um what enabled us to start going out and soliciting and advertising um in the public uh for deals and raising capital in that manner and the the problem is that everything's been great since then up until covid right the real estate market has just been going absolutely through the roof so anybody that decided to jump into the the sector during that time had success I mean you could just you know throw paint in a wall and you're G to have success because the   market just really helped us out a lot like you had to make a lot of mistakes operationally um for things to go wrong right I mean you really did you really did um not to not not Lone Star Lone Star is awesome right you're you're absolutely right no you you you hit the hammer on the nail there for sure yeah and it's uh you know until covid hit and we got that little blip and that was just kind of a you know something that you know came and went um but now you've seen in the last year and a half or so   the market has slowed down um you've seen Capital calls you've seen um you know some SEC um interactions with folks and trying to see if Capital was raised correctly things like that um kind of looking into how the market evolved the market evolved beginning with a cgp model um you know initially the C GP model was thought to be compliant and if it executed properly it is compliant if you have all people in a group that are raising capital for their own deal they're all active participants they're   all General Partners they're all executing the business plan and participating in decision-making all good that's an age-old uh way to do business and it's been done for all the time right like you've got Capital you've got people actively participating and all is good but just like anything else you know us entrepreneurs we like to go around the edges and try to pick and choose like oh well can we do this or can we do this let's push the limits and unfortunately the market kind of changed into this this um this thing   where we push the limits too far and we've had 10 15 20 CPS in an active deal where you know really all they're doing is Raising Capital right like we might try to say on paper that this person's doing that and this person's doing investor relations and this person's doing a little bit of underwriting which all may be true true but at the end of the day if the SEC comes in and says let's take a look at your whole business plan plan with this particular asset in this particular offering and see how you   raise capital and who's doing what and they're going to look under the hood and they're going to be able to figure it out they're they're smart people back there they can figure out what you're doing they can figure out that hey this person raised uh $200,000 and got 2% and this person raised $600,000 and got 6% it's pretty easy to put those pieces together um but like I had mentioned before the market you know kind of went our Direction and there were really happy investors nobody was upset nobody   was suing nobody was asking questions and now since the market has changed you've seen the capital calls you've seen the foreclosures you've seen the investors upset um and now that's what Travis was alluding to earlier is there were certain folks in the industry that were um you know getting interviewed by the SEC I don't think anything ever came of it but it was enough for people to be like look we've still got to raise Capital we've still got to do these deals somehow what other way is there to   do it that's more compliant than this cgp model that the industry has turned to and the answer is fun to funds and it's always been fun to funds you know there's people out there that have preached that for years but it's just a little bit you know more nuanced a little bit more complicated a little bit more expensive so people have stayed away from it yeah so exactly and and thank you so much for painting such a Picasso beautiful picture here pertaining to the why before and why now and kind of the context there because I   think so many people are missing that why y component so you beautifully explained that so but then why is the fun of fund the route to do it in because it's pretty similar right and fun of funds to your point have actually been around for really not going to say forever but for a long period of time so just curious to know you know why fun of fun is this the solution from a client's perspective and and things of that nature yeah and we can and Travis jump in here whenever you want but we can kind of go through um with each   stakeholder why why it's compliant why they love funded funds maybe why they don't you know let's talk about the pluses and the minuses um I think we can start with the lead sponsor I mean for the lead sponsor um to me there's there's really no downside and I'd love for somebody to may maybe making a counterargument to that but to me there there's no downside for the lead sponsor themselves right the people that are actually operating buying executing the business plan by them creating a level of Separation through the fund to funds   model and not uh inviting other folks into their deal to raise Capital they're creating they're creating uh risk mitigation and dissipating liability for themselves right and they don't have to worry about bringing people into their business because it's a totally separate offering that the fund manager is going to be putting out there separate from the actual lead sponsors right and and uh another reason why the lead sponsors love it other than it's compliant creates that separation is it's way more uh efficient   way more efficient when you're working with a capital partner and they're the ones that are pulling the fund to fund they might be bringing in five 10 15 20 investors into their fund to fund well uh they can coordinate that from a sales perspective and then also on the ongoing Administration right it's one line on their uh on their cap table right so instead of getting 15 smaller checks you're getting you're getting one big check and it's just way more efficient and way more safer is is Seth said too yeah and your your listeners   are are very educated but just in case there a few out there that are wondering I mean the the fund of fund itself is just an LLC it's just a a group of investors it's a you know somebody managing that which is the fund manager and that LLC or that partnership however you want to structure it legally is actually just a passive investor for the lead sponsor it's just going to be a big aggregated passive investor for the lead sponsor so I just wanted to clarify that yeah and then let's talk about from so   and there's also been some Evolution I hit on that word to start the conversation but before we were partnering or triest was partnering with this a couple handful of lead sponsors but there's been some Evolution so can we talk about how you guys have maybe handpicked and cherry-picked some of the top you know first and- class sponsors and how it worked kind of before and now the new product lines rolling out and how you know why fund managers are loving it and should even love it more moving forward absolutely yeah great great   question and great points here so you know as you mentioned Craig when we were initially rolling this out uh it made sense for us to to cherry pick and go work with uh the lead sponsors with the best track record the best reputation and we're proud to say that you know Lone Star is one of our earliest lead sponsor partners and um and then since then uh really we had almost a requirement where you had to go through one of our our lead sponsor partners and there's good reason for it we'll we'll come back to   that in a second but since if you're lead sponsor and looking to do this on different deals I'm sorry if you're a fund manager and looking to do a fun to fun on different deals working with different lead sponsors you can absolutely work with tribe best so and you think about the benefits of that right what you're what you're able to do is you can control your own brand right you you get to build your own um your your company you're building a business one deal at a time and from your Investor's perspective instead of them   going to one investor portal and then you know going to another deal that has another investor uh portal they can actually all come to one portal uh as you're using tribe vest so um I want to again just point out that fund managers can now uh absolutely work directly with us they don't need a lead sponsor now I will tell you this think about the benefits though you do get when we are partnered with the lead sponsor and lonar is a perfect example of that right lonar has done the work to say look if   you're a capital raiser you get these marketing resources right you get we we'll we'll put together a you know a deck that you can configure um we've thought through all the economic for you so if you're wondering how to communicate the terms and the returns you know lone Stars gone as far as adding it to their their underwriting spreadsheet so you can play with the numbers calculate it and that's a huge deal right and so all these things that a a lead sponsor partner of ours like lonar does just makes it so so much more   seamless when we do engage with the funder manager right we don't have to go back and kind of figure out well what are the economics and and how are you you know doing uh you know commitments from your investors all those types of things so fund manager can absolutely come and work directly with us it's still way more smooth because we already have the offering docks ready we already have the calculator ready we already have marketing materials right all those things are reasons why by working with   one of our lead sponsor Partners just makes the experience that much better for you and your investors yeah and just a little back and for a lot of people who may not be privy to this but if you are a capital allocator specifically that we're talking about in this situation who is looking to work with the loans or capital or a group similar to us your other sponsors there's just some groups that are just not really built or have the infrastructure in place to really streamline the funto fund process I.E and the underwriting   model IE it already been kind of baked in there we've done this before some groups are kind of in Old way of doing things maybe they only do a couple deals a year that's totally fine I'm not saying that's a bad thing but they might have to create a funto fund breakdown economics setup for the double waterfall there where everyone gets paid out the investors get their returns that should be you know similar to what our investors get and then the fund manager needs to figure out his compensation for   his basically part in the opportunity so we have that baked in and we've done this now enough times to know how this is going to look and actually as a matter of fact to go through that process even one step further before we even go to public or live with the opportunity to even start the capital raising those numbers are ironed out those numbers are in place you know what's going on it's not a scramble drill amongst everything else to get your partners going so on and so forth when you do partner and work with us   which is a key benefit to do and solve for one of the most important uh places in the capital raising you know equation which is speed and time so we kind of shrink that time Gap versus other groups when do that or the other people that you work with which is highly crucial there are a lot more groups now that are tailored to the fund of fund but not every group is um so that's the exciting thing and then going back to now being partnered with a fund manager at at the fund manager level as much that's   amazing for a multitude of things number one if you're a capital allocator fund manager we don't see who your investors are because as Travis alluded to it's one check going into our opportunity so you get the shield and Sheltering in that perspective in that equation there so that's number one number two is we're not going to create the other big problem in the business I would say which is Portal fatigue so it's not a big issue it's not the endl be all but you know if you're let's say a alt uh a   big alternative investor guy right guy or gal person what's GNA end up happening let's say if you've got five to 10 sponsors you're probably going to have you know a bunch of different portals to go into but if you work with a couple of capital raisers who only use triest as your back office well that's immensely beneficial because you can just keep your accounts there so I just want to really highlight those two things and if you want to expand on that further please feel free to do so yeah I mean I'll jump in for sure I   mean you know I've got to mention again compliance right like think about you know the fun to fun model where the fund manager is going to create their own business they're going to create their own entity that they're going to manage um that going to administrate and they're going to operate so by doing so yes there are more responsibilities you are running your own business you are taking accountability for you and your investors and your business but uh on the flip side of that is hey the old CP   model you're getting into bed with all these other CPS that you don't even know I mean you may they may be an acquaintance off of social media or you might not even know who they are at all let alone the lead sponsor so if one of those folks does something wrong you guys are all in the same boat like you're not just taking care of yourself but you've got to worry about all the other people that you're in business with and if they do something wrong they're going to put your investment and your past investors um in a bad   situation and let's get to the next idea which is some of the problems that some people have experienced with a fun of fund that I think you guys are really really Cutting Edge on to solve for them so let's just talk about maybe a couple of the problems which I think is you know the expense I think there's a lot of misnomers about how expensive it can be um and also what you kind of solve for it how you bundle and Pat package it together because if you're the typical person that's going to be very expensive   but that's why we love you guys uh the administration burden and then also time so let's T let's just kind of break down those problems there how you see fit accordingly and uh we'll let you take it away again SE I'll let you jump in because you were saying you were just at a conference in uh think that uh maybe rais Masters conference in in San Diego and you the conversations you were having with fund managers once they kind of fully understood what we did and how we did it it really kind of uh popped   for them so anyway I thought since that was fresh i' I'd ask you to to talk about it yeah I think people that have any kind of experience uh raising Capital under when they hear about all the things that we do and for the amount of money that we do it for they are absolutely blown away I think the problem that comes up is that it's a misunderstanding of what we do and what we are so a lot of folks that don't understand will put us in a category of just being an investor portal they'll be like hey triest is like cash flow portal   or like syndication Pro or invest next or one of those and they just kind of lump Us in with them and we're like that's the smallest thing that we do the smallest thing that we do is the investor portal that's that's one of the services that we provide but we provide everything Soup To Nuts I mean from start to finish I mean it includes everything that you could possibly imagine I mean from getting your EI and letter to setting up your LLC to opening your business banking account to doing your legal documents and setting those   up for signatures for your investors and actually onboarding your investors or hurting the cats I was going to say you actually get a account manager to help you on board your investors professionally and uh yeah you mentioned hurting cats that's maybe one of the things that we're the best in the world at is helping hurt cats yeah I think that's something definitely gets so much fun Craig knows about it all too well yeah lot a lot of work lot of uh reaching out to investors lot of questions on hey where how how do we   fill out these form fields on these subscription documents right like where do we sign how do we fill this out what does this mean those things those they they take time they take effort um it's an administrative burden for you and your company and we take that off your hands and then we also Badger the passive investors till they actually send the wire right like a lot of times they get cold feet and you know we prompt them to to send the wire and actually finish their investment all the things that investor relations manager   might do we handle that now there's there's some teamwork involved as well because they're your passive investors but um you know we do the heavy lifting on on that side and then even on the back end we are managing your cap table so we're setting that up for you on our dashboard and actually making distributions to your passive investors now you can log on to your dashboard if you want to and send them out manually when you want how you want and what amounts but if you want us to just take those over pursuant to the terms of your   offering documents we'll handle that as well it's amazing and and the and the taxes yeah I think Craig tax can't forget the taxes yeah the taxes k1s again one K1 comes in from Lone Star uh we we of course at our core the banking and the cap table so we have the ownership percentage makes it easy for us to and our CPAs to create that K1 for each one of the members we distribute it they find it right in their uh document Management on their dashboard and uh literally two days after After we receive the K1 your   investors have the K1 so think about that and I know everybody's going through tax season here yesterday was kind of a a big day uh but it it's um it's a it's amazing that it really speaks to the technology that we have that we can receive the K1 on behalf of the the deal and then create those k1s in two days and distribute them to to the members I was just going to make one last Point Craig you know I think if you think about what we do if you think about an Institutional level group or fund so I think the way   fund managers can think about what we do is we really bring this institutional level uh setup legal Administration so think about a family office all the organization all the administration everything they need to have in place to operate well we bring that down to the individual level so you can have that institutional level Administration and setup as a you know a oneman business and therefore you can you can really build a business and a brand here's the thing one deal at a time you don't have   to go invest tens of hundreds of thousands of dollars you can do this one deal at a time because try best is in the business of of helping you uh launch a capital raising business efficiently amazing so let's get into the next two components which is expense and time so let's talk about time and then we'll bring it home for the the of course the the elephant in the room which is what is this going to cost me so let's get into the time factor and how long it takes to set everything up from Soup To Nuts from Hey I want to   work with the deal to you know funding and things of that nature Seth you want yeah yeah I'll jump in um timing wise you know we are industry leading in that in that as soon as you give us the basic information that you that we need for your fund of fund so you know just simple stuff like what do you want to call your LLC what do you want your preferred return to be what do you want your profit split to be those those things that you're going to make some decisions on as soon as you get those items to us which is in a simple   form that we provide that you fill out and we walk you through that as well we can have your business banking account and your LLC set up in two days and we'll have you ready to raise Capital meaning we're going to have your legal setup we're gonna have your business bank account open all those things done within five business days so that's why you know it's we should emphasize what Travis said there that it's a deal based decision I mean you can come to us with a deal that's already that's already   under contract that that maybe the lead sponsor is already raising for and say hey look I want to raise for this deal but I've only got a few weeks to go that that's plenty of time for us to to jump into action so it's really tough to do that with let's say you know if you came to me and I have my security attorney hat on i' would be like there's there's no way we we've got to get this going weeks before that like you've got to give us some setup time um with triest we've we've got it streamlined   and efficient to the point where five business days you're raising Capital that's incredible and that's just really a big X Factor that should make everyone feel comfortable with the process because you know there's situations just like go out a sponsor level here where hey a capital raiser might have not been able to get an allocation to deal because of the commitments were there and guess what someone Falls up short well now as you know as a sponsor whatever dollar is not coming in you got to make up for that so it's kind of a a   moving moving Target a kind of moving goal post in many respects so it's very nice that five days you're in you're out you're ready to go to the next that is awesome and then the next thought I have there is a capital allocator maybe you were late you're on vacation and there's this great deal that maybe your inbox is flooded and then one they you know peaked your interest and you could get the space into it well hey the deal could be live but you could have a five-day window to get your turntable   going to raise Capital safely and compliantly um in within this structure and infrastructure yeah great great points again I'll just come back to the benefits of working with some of our our lead sponsor partners like Lone Star so you heard Seth say hey as soon as you have all these things in order and you push the tri the tribit button we spring into action and you're ready to go right well you do need to have certain things figured out before you hit that tribit button and again the nice thing of   working with a a group like lonar amongst many other reasons is they have really ironed out the program the fun to fun program so if you're coming through them you already have those things figured out you hand them we get handed off or you get handed off to us and we're you're pushing that button and in five days you're ready to do onboard investors it's incredible that's amazing now the final thing what people have been waiting for what does this cost cuz you have to think for the amazing benefits   and the amazing opportunity you get to raise in this time and environment this has to cost a fortune maybe there's a massive upfront cost you know I'm not going to get into names but some groups charge an arm and a leg to get things set up if you want to do the more Boutique bespoke route where you're doing everything yourself without a name brand in a sense of the the setup you've got to go through the painstaking process of finding a Seth and a Travis and a this and a that to get all your documents ready to go however it's   pretty cost efficient and effective here so let's get into that I'll let Travis speak to our pricing at trivest but I do want to frame it with this when I worked in big law and you know massive Law Firm thousands of attorneys you would come to our law firm and want to put a fund of fund together or you know maybe even a more sophisticated fund but our prices started at $75,000 I think a lot of people out there in the industry are used to seeing kind of oh yeah maybe it costs like $115,000 maybe it cost $12,000 $225,000   on the top end when you get into the big leagues $75,000 to start and that's just your first drafts of your offering documents and then maybe one round of revisions and then we start charging you $1,000 doll plus an hour um to get across the finish line and that is just the legal by itself and guess what you may get there and then some could change a Nuance could happen and guess what you got to start it all over again and make further res revisions and have more billable hours to your incredible   attorney like s uh these people make a lot of money okay so this is a incredible opportunity to be in a very nice spot here where it might be cheaper and to your point there about that dollar fee I'm hearing 25 Grand from certain Services I'm hearing 75k 50k to make it do it yourself and for some people that's great that's fine that fits into their budget but for I would say the most people that are doing this that probably makes it to a point where you're paying to raise capital and that's what we're looking to avoid and   solve with try this so with that said Travis lead us away absolutely no what a great discussion and I teased Seth all all the time about his his industry it is it is it's the establishment right so we're disrupting The Establishment no doubt about it and uh so we just talked about what it would cost kind of going the more traditional routes well we're able to do everything that we just shared with you the setup the legal offering do uh the banking the uh helping of the onboarding setting up the cap table you   know doing the servicing of the filing for you all that for $5,000 so literally say that one more time please $5,000 yes only $5,000 and here's the other thing right when we talk about having the economics of the fun to fund set up and again getting back to the benefits of working with loone star is they've they've figured out the terms and uh even added in all the expenses of tribe vest right so that $5,000 is actually included in those in the economics so it's you don't have to kind of add on additional uh cost it's all in   there right and and you can do that with tri best because it's contained there's there's no creep of cost right and and I think it's also important to call out how we're able to do this is we have made a very firm box of what we're doing of course we've we've tailored it to these deals like to these deals so everything's in there that you need including the compliance includ you know everything we just talked about um but that's how we're able to do that this at scale and TurnKey and done for for you   so it's $5,000 to set up now we could also talk about what's it cost to administer this over five five years six years right most of these business plans are five years before they're exiting you know working with an administrator an Administration uh you know administrator you're talking about $155,000 a year well with tri best it's $2,000 a year remember we're doing all your uh distributions for you your cap table management that includes your k1s your taxes so you know anybody that's done this before they're like   it's more than $2,000 just to do the taxes every year right never mind you get the portal your investors have a a dashboard to see all their Investments and and set up their payout accounts and they get to see when their distributions are how many distributions they've had that's all there and and the distribution so anyway it's you know I think about we we mentioned right right place right time Craig and we've talked about all those things that kind of lined up for us but the industry has been trying to   figure this out and we just like to think that we're a small part of it we're that technology that kind of was the major unlock that kind of opened up the floodgates if you will and um and now our job is to go out there and tell people that this exists like this tool in technology is available for you and you should build a business on it yeah I want to make some other kind of comments and points there so you hear right there so just to summarize that it's $5,000 takes five days and it's you know   roughly $2,000 maybe a little bit more depending on the number of investors you have in the opportunity but all that's fine and dandy but if the product wasn't good that is where the problem is and it's sucks and I mean it sucks to spend money for something to not work well and people's experience that we've worked with have really liked the infrastructure of the product what it solves for because I think I'm someone personally that I am not afraid to spend a dollar I'm very good at spending money   but I like to spend money in areas where it's actually worth the money and I've had very good reviews here from people who have of course used the product so I just want to share that right there and that's kind of been some of the burden with some of the other products out there as well you spend a lot of money for the technology to not be great I mean Travis has a background with tech so inherently having that there to have the infrastructure be supported by a good product is the difference between   coming back and not coming back so I just want to tip the cap there to make it not only a good product but also have people come back to it but um it being cost efficient and effective as well and then the other time factor that I want to speak on is more from a sales perspective being someone that's been in sales by basically my entire career since I was 21 um almost a decade of sales in real estate specifically the last thing that I want to worry about and think about and do is uh had there be a burden of having you know to go   through Administration stuff talking to an attorney doing this doing that doing everything that's not shaking hands and legitimately moving the conversation forward and funding dollars into the account and what tribe best solves for is a cost- effective route with good technology and done quickly where you don't have to think about any admin stuff I want to connect with people I want to talk with people I want to grow the relationships and raise the capital I do not want to deal with in the your   view and the peripheral stuff and I'm sure you guys can appreciate that sentiment and also I've had people say similar things as well it means a ton to hear you say that of course that's we're building our business on fund managers coming back and building their business on our platform so um you know it's funny as as the founder and you know always improving and growing uh the the the the business and our solution We're Never Satisfied and um we always think we're disappointing in terms of the experience   or and we can be doing this better and we can right and we will but when we get feedback and we we do net promoter scores and get the feedback back from the fund managers and we get you know seven plus you know would you recommend this to friends and family and would you come back and that's just a super high rating if anybody's familiar with it and um and we're we're we're proud of that but we are just getting started I mean we are just getting started so I think we nailed the fact that we bring a ton   of value you know you're getting a good value uh but now we're going to really wow you and your investors that's our goal and uh we're going to keep pushing yeah so let's talk into maybe just the mission as the why you know why you guys are so passionate about this and want to create this product because you both are really smart guys you're very successful prior to this endeavor and Venture so you know why is this your mission and in your day to-day right now because you have the option of working so and doing   really what you want to do so let's talk about that maybe man that's Travis that's you again buddy you're the you're the big picture guy bring it oh man no look I think Seth and I this is personal for both of us right um my brothers and I wanted to get into real estate we didn't come from a real estate family you didn't get it you know that education in in school and we did what you know we've been doing since the beginning which is you know you come together with your tribe when you need to figure something out and that's what   we did and we we we started a a a tribe pulled our capital and started investing together and it changed our lives and it changed the trajectory of our of our family's Financial lives and um and that's why we're doing it um you know by doing this the fund managers right they're they're the they're the heroes in this movie the fund managers are the heroes in this movie that's how millions of investors are going to get access to these deals like the wealthy right we all know why we love real estate it it's   it appreciates it cash flow there's tax advantages you you name it there's a reason why the wealthy invest in these private deals these private real estate deals well most people don't have access to it the conduit to getting into those deals are you are the fund managers are those Capital raisers we're just happy that we're providing a tool for them that makes it easy that makes it easy but as you can tell we're passionate about it Seth I mean he he was a capital Riser right Seth's done a lot he's an   entrepreneur but he knows how hard it is to be a capital Riser and uh maybe you could talk a little bit about what what's motivating you s yeah I mean just quickly you know I took the the Bigger Pockets route so to speak you know read Rich Dad Poor Dad startlist to the Bigger Pockets podcast did a house hacked into a duplex and then started buying single family properties fixing flips and then started investing you're a grinder grinder just level by level by level right um started investing passively in deals when I   became a little bit more sophisticated um and then I was like okay now what now I want to be on the active side and at that point I really wanted to switch over to not practicing law whatsoever I was like screw this I'm leaving Big law I'm not doing this anymore I'm only going to invest in real estate um but then kind of along the the Journey of becoming an active investor and a syndicator and capital Riser I realized that my highest and best use is actually still as a Securities attorney and I'm   pretty good at it so I've kind of integrated that into my real estate business and and use that to um uh join join triest which is at the Forefront of I think perfect timing in this industry right like real estate and legal are two industries that just move extremely slow they're dinosaurs they don't want change and they're resistant to any kind of change right so we've got to as entrepreneurs even if we're fund managers or passive investors that are looking to um diversify our assets or lead sponsors we're the ones that have   to propel this forward and say hey we've got technology now behind us we've got all these different tools and ways to do things we need to take advantage of that and at Tri bestest we're building that so like what we are today is going to be completely different than what we are in q1 2025 and Beyond we are we are constantly building taking in feedback from all of our stakeholders and and and looking to take over the market I love it well then let's just real quickly go back into this we've kind of touched on   it but maybe just more specifically how you do work with everyone from lead sponsors fund managers and I know you're obviously always going to conferences and masterminds you're very accessible in many respects but let's just get into you know how you work with everyone once more just to maybe spoon feed everyone a little bit more information yeah absolutely so the lead sponsor uh we help them form their funto fun program right and that's a huge Advantage for them uh that they can offer a turnkey   funto fund program to their Capital Partners their their Capital raisers their fund managers and we'll we'll actually sit down and talk about all the things that you need to do for that to be successful you know how are you going to work with the fund manager um economics we talked about that you got to build in the fun to fun economics into your underwriting you know uh how are you how are you going to give them access to the marketing tools those types of things and really the the blueprint is is um you know is Lone Star   so lone Stars uh leading the way as they do in most things out there and have built just an awesome fun to fun program and that's why so many fun to fun managers are working with them but um you know that's how we work with the the uh the lead sponsors and we talked about all the benefits of that cool and then go ahead Seth on the are any questions there Craig no I think that that was really well said um kind of building out the blueprint that many people don't have and just how it works and pertains   to us if you are a capital allocator you kind of have understanding of the deal functions and then there's a additional level there of of underwriting materials so you can raise Capital so you understand the ever important what's in it for me conversation you can assess your opportunity cost between us and other sponsor if you're looking at other deals and whatnot I'll tell you this right now I'll say it again and again again we under promise and overd deliver that's kind of the the Mantra that we   try to have here like everything we're probably never going to show you the highest Returns on projections um we like to beat our deals up as much as possible prior to going live because it doesn't serve us nor you the investors to see what the best case scenario is um we try to make it as modest as possible with our assumptions so you know we have our infrastructure for what the deal looks like from an underwriting perspective what your theoretical compensation could look like so these are things are just very important to   think about uh we want basically everyone to be at parody what do I mean by that well if you're a capital raiser looking to raise for our deals we want your investor returns and our investor returns to look very similar they're going to vary ever so slightly because there's a slight drag you know for the fees Associated to the deal what do I mean by that well there's the administration fees that could be about $2,000 so sometimes that by comes by way of affecting the cash on cash return minuscule from a couple you know basis   points I would say roughly about the what looks like but you'll make it on the back end for the lift and raise of the deal there when the deal goes to sell so it's never going to be 100% similar because there are some you know technical nuances there but it is to be fair to everyone there and then you'll be getting you know a nice return on the deal that you raise for as well should there be profit split um above the preferred return so I just think that's a really important thing to hit on as to   how that fundamentally works now let's get into Seth with you over there on fund managers yeah fund managers we kind of touched on it already but you know we' we've changed our business so we're ready to work with fund managers directly um you know you can reach out to us and have an exploratory call if you want but really when you have a deal or you have a lead sponsor that you're ready to to work with that's really when we can spring into action um make that introduction reach out to us make the   introduction to the lead sponsor we can start going to work and again we can have you uh once we have the the information and and the things that we need from all the stakeholders we can have you up and running in five days and you know I'll just go ahead and talk about the passive investors too because they are really important maybe the most important I know a lot of those folks are are listening right now and just know that that's on our that's always on our road map to make the passive investors happy to make that user   experience awesome and streamlined and um you know just just an awesome experience for that passive investor because ultimately that's who we're serving we're trying to reach the passive investors let them get their money moving and so they can uh create multiple streams of income and we want to make that experience awesome for them because if they're happy then the fund managers are happy and the lead sponsors are happy too yeah there's two things that this show is about it's about the for this particular episode two things   it is the fund manager to be safely raising money in an everchanging business business and it is all about at the end of the day the investor the investor is the straw that stirs the drink they are the king of the beach so to speak they're the ones that this is all about for us to be able to give people who may not know that they can invest in those beautiful commercial real estate buildings that we drive by all the time you know it's sad to think that you know that's not in the hands of Main Street so to speak you know a   $50,000 investment gives you access uh to that product type now I'm not saying that's where every dollar should be you should have money probably in the stock market maybe you should have some money in your primary residence maybe you don't believe that mattra but you should have also some money in these institutional grade ACC or assets and that's what we're delivering here and it's so fun to be in a conversation with you both because you guys really are creating and are the future so it's cool   to be in in the moment to be having the conversation now but to be also progressing accordingly with with you all moving forward we just appreciate the partnership there's a reason why when we were cherry picking our initial lead sponsors that we we started to work with lonar and uh just you know couldn't couldn't tell you couldn't tell you how much we appreciate uh this partnership and and like you looking forward to what's to come in the future here yeah well with that said we could talk forever but we got to wrap it up at some   point so let's do that now Travis and sth thank you so much for giving us so much of your time here being generous how can people reach out with you want to learn more with maybe partnering at a sponsor level investor level and or a uh fund manager level absolutely LinkedIn is always the best place to kind of find me and follow me let me know you you heard me on this show I'd love to connect with you and uh and then you can email me and we'll also have a link on the show notes Here If that's uh if that's uh okay yeah of   course you can check out trib vest.com obviously and then for me you can find me all over any social media platform so feel free to reach out excellent well gentlemen thank you so much for your time today for those listening I hope you enjoyed this informative conversation about how the industry is moving and grooving and Ever Changing uh so we'll see you next week everyone have a great rest of your day peace Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=GVgT4GMrPPI&t=70s https://www.structuringandraising.com https://www.lscre.com/content/passive… https://www.lscre.com/resource/underw Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Rob Beardsley's Links: https://www.linkedin.com/in/rob-beardsley/ https://www.facebook.com/RobBeardsleyLSC/ https://www.lscre.com/team/rob-beardsley https://www.instagram.com/robbeardsley8/ https://www.facebook.com/RobertToddBeardsleyIII/ https://x.com/RobBeardsley3?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor https://www.tiktok.com/@robbeardsley3

In this episode, Tayler Monigold dives into her journey of perseverance in real estate investing. Starting in 2020, she was determined to break free from renting and bought her first single-family home. Inspired by "Rich Dad Poor Dad," she ventured into house hacking with a duplex. Over 10 months, she wrote letters to find off-market deals, learning the importance of consistency and creative financing. This story highlights the power of networking, mindset shifts, and the value of having a supportive community. Join us as we share insights on navigating the real estate market, overcoming challenges, and achieving financial freedom.  Resources:Simplify how you manage your rentals with TurboTenantFollow Tayler on InstagramMake sure your name is on the list to secure your spot in The WIIRE Community Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

In this episode of Finding Discounted Property, Michael Pinter sits down with Brian Daly from We Revive in San Diego. Brian shares how a Christmas gift Rich Dad Poor Dad completely changed his life's trajectory, inspiring him to leave his path toward becoming a veterinarian and dive into real estate.With over 20 years of experience, Brian opens up about: ✅ How he got started in real estate before the pandemic hype ✅ Lessons learned from decades of market shifts ✅ The importance of resilience and adapting in the businessHow to reach Brian:Email: brain@werevive.comIntagram: https://www.instagram.com/briancdaly/Whether you're new to investing or a seasoned pro, Brian's story is a reminder that the right mindset and willingness to pivot can lead to massive opportunities.#RealEstateInvesting #PropertyDeals #FindingDiscountedProperty #InvestorMindset #WeReviveHope You enjoy it I offer other products thanks for listening

Send us a textIn this episode of Multifamily AP360, host Rama speaks with Andrew McNair, the founder of Swan Capital, managing over $300 million in assets. Andrew shares his journey from being inspired by 'Rich Dad Poor Dad' at age 14 to becoming a seasoned real estate investor. He discusses his experience in managing a diverse portfolio, the decision to exit an eight-figure real estate portfolio, and the philosophy behind Swan Capital's 'Sleep Well at Night' promise. Andrew delves into the importance of diverse investment strategies, the lessons learned from his early investment mistakes, and his thoughts on various asset classes today, including opportunities in office spaces and the complexities of short-term rentals. He also shares personal insights on the habits that have contributed to his success, the value of purposeful living aligned with one's creator, and the impact of reading on avoiding common pitfalls in business and investing. Support the showFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2025 virtual conference - https://mfap360.com/To find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com

Don and Tom dive headfirst into the wild world of bad financial predictions—specifically, the apocalyptic ramblings of Rich Dad Poor Dad author Robert Kiyosaki. They dissect his decades-long streak of failed forecasts, poke holes in his fear-fueled pitch for gold, silver, and Bitcoin, and remind listeners that gurus don't predict the future—they profit from pretending they can. Listener questions cover 529 plan choices, 457(b) vs Roth IRA, the small-cap allocation in AVGE, and a plea for Don to never give up managing his own money. 0:04 Tom banned from pushing buttons—again 1:00 Why do we idolize financial “gurus” who are chronically wrong? 2:21 Enter Robert Kiyosaki: The doomsayer who keeps getting richer 3:05 Don confronts Kiyosaki over his bogus “guarantee” ad 3:53 His silver and market crash predictions: A 23-year flop fest 5:16 Latest Kiyosaki fear-pitch: Gold, silver, Bitcoin… again 6:37 His one right prediction (Bitcoin hitting $100K) 7:55 Critical reviews: Conspiracies, platitudes, and risky advice 9:22 Can Buffett, Lynch, or Bogle be called “gurus”? 10:24 Listener Q1: Fidelity 529 target date fund—too expensive? 11:26 UTANX and low-cost age-based 529 alternatives (like Utah's plan) 14:02 Listener Q2: Roth 457(b) with high fees vs Roth IRA 16:47 Listener Q3: Does AVGE need a separate small-cap fund? 19:10 Listener Q4: Should Don stop managing his own money? 21:08 Why everyone needs a backup advisor—even advisors 22:17 Don's voice acting love: Mighty Man Season 3 teaser 22:34 Listener Q5: AVUV vs AVGE—when and why to use each 24:20 AVGE asset breakdown—15 funds in one 26:12 Explaining the podcast schedule (Monday–Friday layout) 27:34 International listeners, Spotify vs Apple, and how to tune in Learn more about your ad choices. Visit megaphone.fm/adchoices

Title: I've Read 236 Business Books – Here Are the 12 That Will Make You Rich  Summary:  In this video, Seth Bradley, a successful real estate investor and former attorney, shares a curated list of the 12 most impactful business books that significantly changed his approach to wealth generation, investing, and entrepreneurship. He expresses his frustration with the majority of business literature but firmly believes in the transformative power of these selected titles. Seth emphasizes that achieving financial freedom involves moving away from traditional employment and cultivating a mindset geared toward asset building and strategic operation. Each book he mentions has played a critical role in shaping his journey, providing strategic thoughts on productivity, relationship management, and scaling businesses. The emphasis is not merely on the content of the books but on applying their principles to realize tangible success. Furthermore, he wraps up the discussion by encouraging viewers to take action by reading these books and applying their teachings to improve their financial status and life in general. Links to Watch and Subscribe: https://www.youtube.com/watch?v=7QXX37vgJPE&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=4 Bullet Point Highlights: Transformative Reading: Seth Bradley highlights 12 business books that transformed his financial mindset. From Employees to Investors: Books teach the importance of shifting from earning through employment to making money through investments. The Power of Mornings: The “Miracle Morning” book stresses the significance of a structured morning routine for success. Execution Over Perfection: “The Lean Startup” emphasizes launching quickly and improving based on feedback. Relationship Building: “How to Win Friends and Influence People” underscores the importance of communication and building relationships in business. Mindset Shift with 10x Rule: Grant Cardone's “The 10x Rule” encourages ambitious thinking and significant effort to achieve exceptional results. Love Languages in Business: “The Five Love Languages” reveals how understanding different communication styles can enhance business relationships. Transcript: (Seth Bradley) [Music] I've read 236 business books and let me tell you honestly most of them are a complete waste of time but these 12 these are the ones that actually made me Rich these books change the way I make money I invest and I run my businesses and before you ask no I'm not including Rich Dad Poor Dad why because it's the purple Bible and if you don't know that one you're already behind so real quick if you don't know me I'm Seth Bradley really estate investor Capital Riser and former big law attorney I left a   multiple sixf figureure corporate career because I realized I'd never get rich working for someone else at least not wealthy I don't mess with stocks I don't waste time on 401ks I build businesses and I buy assets so if you want to break free from the 9 to-5 start raising capital and actually control your financial future this is the list you need this is the real playbook for Financial Freedom the books that shaped How I build wealth just stick around and at the end I've got a book you'll never   expect but it might be the most important one on the list all right let's get into it book number one it is Robert kosaki cash flow quadrant kosaki breaks down the four ways people make money employee self-employed business owner and investor most people spend their whole lives on the left side trading time for money the rich they're on the right side where businesses Investments make them money while they sleep you know I was making six figures as a lawyer but I was still on the wrong side that's when I knew I had to start   buying assets the second I understood this what my man was saying in this book I stopped thinking like an employee and starting moving towards Financial Freedom book number two Miracle morning by how El Rod now it's a solid morning routine is a cheat code for Success when I'm consistent with mine I dominate when I slack off my entire day suffers this book gives you a proven structure to start your day like a high performer if you don't control your mornings you don't control your life one of the   biggest takeaways for me was how much intentionality matters if you wake up and immediately start reacting to your world rather than you dictating how you perceive the world emails notifications demands you're already behind but if you take time to focus on yourself set goals and visualize success you'll operate at a much higher level this book will give you the tools to craft a morning routine that sets you up for Success now I do have to say that my morning routine is changed over time I read that book I had   a very structured morning I started out I needed that discipline but now I don't necessarily need it as much because I can really get into that flow get into that zone a lot easier I get up I make coffee I take my supplements I sit down and I start doing the hard work first so that morning routine whatever works best for you sometimes you need that structure and discipline to get going then once you kind of harness how you can do that you no longer need to take all those steps number three the 4our   work week by Tim Ferris now this one gets a lot of attention and also a lot of criticism but this book it taught me that time is the most valuable asset it's really not about working less and working 4 hours a week I mean for some people maybe but really it's about working smarter before reading this I was deep in the weeds of every task emails admin busy work this book just showed me how to automate how to Outsource how to focus on only high value moves and if you're always busy but not really making real progress this   book will change your mindset completely jump into that one for sure here we go book number four traction by Gino Wickman I still use this book every single day most businesses fail because they're a disorganized mess no systems no accountability that was me when I started out and that's how a lot of businesses start out traction fixes that I remember when I first started to grow my real estate business and my legal business at the same time along with the gyms and some other things I had no clear structure no direction and frankly   I was working my ass off but wasn't actually growing this book showed me how to implement the entrepreneurial operating system EOS and you can adopt a name for yourself like rais law operating system for me which is just a fancy way of saying here's how to actually run a business that doesn't depend on you doing everything yourself if you're stuck in the weeds this book is absolutely mandatory book number five The Seven Habits of Highly Effective People by Steven cubby success isn't luck it's built on habits and this book   lays them all out the biggest game changer for me be proactive and focus on what you can control not what you can't most people react to life and they wait for things to happen to them and to complain about them but wealthy people we make things happen this book helped me move from being reactive to strategic if you feel like life is happening to you instead of for you this book will completely change your mindset be sure to pick that one up read it every single year book number six the e- myth   Revisited by Michael Gerber if you're doing everything in your business then you don't own a business you own a job and that was me before this book I used to think that being an entrepreneur meant grinding 24/7 and sometimes we still do I still do but all I was doing back in the day was creating a high-paying high stress job for myself and that's not the point this book showed me why systematizing your business is the only way to truly scale once I implemented these systems I was able to step back work on the a big   picture and finally grow instead of just survive book number seven The Lean Startup by Eric rise most people wait way too long to launch they overthink they over plan they never execute this book teaches you the exact opposite launch first improve later I wasted so much time like many of us early on just trying to perfect things before putting them out there this book changed how I approach every every single business now I focus on launching fast testing and adapting if I read this earlier I would   have saved years maybe decades the best businesses don't come from perfect planning they come from Quick execution and constant learning book number eight How to Win Friends and Influence People by Dale to Carnegie business is all about relationships and if you don't know how to communicate you're screwed this book taught me how to build connections negotiate better and influence people without being manipulative of course but if you're going to raise Capital you're going to close deals this book is an absolute   must read I apply these principles every single day they're simple in concept but they're harder to execute consistently whether it's working with investors Partners employees team members this book is the foundation for strong relationships in business and also in everyday life book number nine the 10x rule Grant Cardone you know he says a lot of controversial things some people give him Flack but this dude knows how to make money most people think too small not Grand this book forced me to build bigger execute at a higher level   because everything worth doing takes 10x more effort than you expect if you apply this mindset you're going to stop making excuses and you're going to start making big moves the most powerful lesson here to me average actions they lead to average results if you want to dominate in business and in life you have to push way far beyond what's reasonable that's what separates High performers like us from everyone else if you want success this book will force you to raise your standards always do 10x more and 10x   higher all right book number 10 who not how Dan Sullivan this one's incredible successful people don't ask how do I do this they ask who can do this for me who can help me with this this mindset shift completely changed how I run my businesses instead of wasting time learning everything myself I hire experts I ask for help and I let them execute at a higher level before this book I was stuck in the mindset of trying to figure out everything myself once I embrac the who not how principle I stopped being the bottleneck in my own   businesses but now I focus on finding the right help finding the best people to execute finding experts in their fields rather than trying to do everything myself so if you struggle with delegation this book is an absolute GameChanger book number 11 how Elrod Strikes Again The Miracle equation so this book it's simple right unwavering Faith plus extraordinary effort and I know that sounds a little kind of flu fluey and that's not really me and it might not be you either but look I mean I say that Mantra to myself every single   day it gets hard sometimes so if you don't believe success is inevitable and you're not willing to put in the work an insane amount of effort then you're never going to make it one of the biggest lessons from the book is that mindset alone it's not enough you have to back it up with absolute Relentless action you can't just hope for Success you have to put in the work consistently every single day no matter what no matter how you feel no matter what's going on no matter what obstacles arise this book will shift your perspective on   commitment and perseverance remember that saying preach it to yourself every day when gets hard all right book number 12 I told you it would be a surprise on the list I don't think this makes anyone's list for a business book but number 12 the five love languages by Gary Chapman you've all heard of it but let me explain a relationship book sure but business is all about relationships if you don't know how to connect with people you're never going to succeed at a high level this book taught me that   people communicate and they receive value in different ways whether it's clients it's Partners its employees knowing how someone feels appreciated will change how you do in your business and how successful you ultimately are for example some people value words about affirmation While others need tangible recognition once I started applying these principles in business and you keep it in your head for all conversations I became a better leader a better negotiator and a better connector if you want to improve your ability to   work with people which you will this book will give you an edge a relationship book yes but business is all about relationships remember that if you don't know how to connect with people you'll never succeed at a high level all right there there you go folks the 12 business books you need to Succeed in Business and honestly in life generally read those 12 put them on repeat read them every single year which book hit you the hardest drop a comment below I want to know which one resonated with you the most if you found this   valuable hit that like button or subscribe whatever you're watching this on and share it with someone who needs it these books absolutely change my life and they can do the same for you now go take action read those books apply those principles and let's get this money let's go [Music] Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=7QXX37vgJPE&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=4 https://www.instagram.com/p/DHZAmMtTXDA/ https://x.com/sethbradleyesq/status/1902426622608994373 https://www.linkedin.com/posts/sethbradleyesq_wealthbuilding-moneymoves-businessbooks-acthttps://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en

Title: I've Read 236 Business Books – Here Are the 12 That Will Make You Rich  Summary:  In this video, Seth Bradley, a successful real estate investor and former attorney, shares a curated list of the 12 most impactful business books that significantly changed his approach to wealth generation, investing, and entrepreneurship. He expresses his frustration with the majority of business literature but firmly believes in the transformative power of these selected titles. Seth emphasizes that achieving financial freedom involves moving away from traditional employment and cultivating a mindset geared toward asset building and strategic operation. Each book he mentions has played a critical role in shaping his journey, providing strategic thoughts on productivity, relationship management, and scaling businesses. The emphasis is not merely on the content of the books but on applying their principles to realize tangible success. Furthermore, he wraps up the discussion by encouraging viewers to take action by reading these books and applying their teachings to improve their financial status and life in general. Links to Watch and Subscribe: https://www.youtube.com/watch?v=7QXX37vgJPE&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=4 Bullet Point Highlights: Transformative Reading: Seth Bradley highlights 12 business books that transformed his financial mindset. From Employees to Investors: Books teach the importance of shifting from earning through employment to making money through investments. The Power of Mornings: The “Miracle Morning” book stresses the significance of a structured morning routine for success. Execution Over Perfection: “The Lean Startup” emphasizes launching quickly and improving based on feedback. Relationship Building: “How to Win Friends and Influence People” underscores the importance of communication and building relationships in business. Mindset Shift with 10x Rule: Grant Cardone's “The 10x Rule” encourages ambitious thinking and significant effort to achieve exceptional results. Love Languages in Business: “The Five Love Languages” reveals how understanding different communication styles can enhance business relationships. Transcript: (Seth Bradley) [Music] I've read 236 business books and let me tell you honestly most of them are a complete waste of time but these 12 these are the ones that actually made me Rich these books change the way I make money I invest and I run my businesses and before you ask no I'm not including Rich Dad Poor Dad why because it's the purple Bible and if you don't know that one you're already behind so real quick if you don't know me I'm Seth Bradley really estate investor Capital Riser and former big law attorney I left a   multiple sixf figureure corporate career because I realized I'd never get rich working for someone else at least not wealthy I don't mess with stocks I don't waste time on 401ks I build businesses and I buy assets so if you want to break free from the 9 to-5 start raising capital and actually control your financial future this is the list you need this is the real playbook for Financial Freedom the books that shaped How I build wealth just stick around and at the end I've got a book you'll never   expect but it might be the most important one on the list all right let's get into it book number one it is Robert kosaki cash flow quadrant kosaki breaks down the four ways people make money employee self-employed business owner and investor most people spend their whole lives on the left side trading time for money the rich they're on the right side where businesses Investments make them money while they sleep you know I was making six figures as a lawyer but I was still on the wrong side that's when I knew I had to start   buying assets the second I understood this what my man was saying in this book I stopped thinking like an employee and starting moving towards Financial Freedom book number two Miracle morning by how El Rod now it's a solid morning routine is a cheat code for Success when I'm consistent with mine I dominate when I slack off my entire day suffers this book gives you a proven structure to start your day like a high performer if you don't control your mornings you don't control your life one of the   biggest takeaways for me was how much intentionality matters if you wake up and immediately start reacting to your world rather than you dictating how you perceive the world emails notifications demands you're already behind but if you take time to focus on yourself set goals and visualize success you'll operate at a much higher level this book will give you the tools to craft a morning routine that sets you up for Success now I do have to say that my morning routine is changed over time I read that book I had   a very structured morning I started out I needed that discipline but now I don't necessarily need it as much because I can really get into that flow get into that zone a lot easier I get up I make coffee I take my supplements I sit down and I start doing the hard work first so that morning routine whatever works best for you sometimes you need that structure and discipline to get going then once you kind of harness how you can do that you no longer need to take all those steps number three the 4our   work week by Tim Ferris now this one gets a lot of attention and also a lot of criticism but this book it taught me that time is the most valuable asset it's really not about working less and working 4 hours a week I mean for some people maybe but really it's about working smarter before reading this I was deep in the weeds of every task emails admin busy work this book just showed me how to automate how to Outsource how to focus on only high value moves and if you're always busy but not really making real progress this   book will change your mindset completely jump into that one for sure here we go book number four traction by Gino Wickman I still use this book every single day most businesses fail because they're a disorganized mess no systems no accountability that was me when I started out and that's how a lot of businesses start out traction fixes that I remember when I first started to grow my real estate business and my legal business at the same time along with the gyms and some other things I had no clear structure no direction and frankly   I was working my ass off but wasn't actually growing this book showed me how to implement the entrepreneurial operating system EOS and you can adopt a name for yourself like rais law operating system for me which is just a fancy way of saying here's how to actually run a business that doesn't depend on you doing everything yourself if you're stuck in the weeds this book is absolutely mandatory book number five The Seven Habits of Highly Effective People by Steven cubby success isn't luck it's built on habits and this book   lays them all out the biggest game changer for me be proactive and focus on what you can control not what you can't most people react to life and they wait for things to happen to them and to complain about them but wealthy people we make things happen this book helped me move from being reactive to strategic if you feel like life is happening to you instead of for you this book will completely change your mindset be sure to pick that one up read it every single year book number six the e- myth   Revisited by Michael Gerber if you're doing everything in your business then you don't own a business you own a job and that was me before this book I used to think that being an entrepreneur meant grinding 24/7 and sometimes we still do I still do but all I was doing back in the day was creating a high-paying high stress job for myself and that's not the point this book showed me why systematizing your business is the only way to truly scale once I implemented these systems I was able to step back work on the a big   picture and finally grow instead of just survive book number seven The Lean Startup by Eric rise most people wait way too long to launch they overthink they over plan they never execute this book teaches you the exact opposite launch first improve later I wasted so much time like many of us early on just trying to perfect things before putting them out there this book changed how I approach every every single business now I focus on launching fast testing and adapting if I read this earlier I would   have saved years maybe decades the best businesses don't come from perfect planning they come from Quick execution and constant learning book number eight How to Win Friends and Influence People by Dale to Carnegie business is all about relationships and if you don't know how to communicate you're screwed this book taught me how to build connections negotiate better and influence people without being manipulative of course but if you're going to raise Capital you're going to close deals this book is an absolute   must read I apply these principles every single day they're simple in concept but they're harder to execute consistently whether it's working with investors Partners employees team members this book is the foundation for strong relationships in business and also in everyday life book number nine the 10x rule Grant Cardone you know he says a lot of controversial things some people give him Flack but this dude knows how to make money most people think too small not Grand this book forced me to build bigger execute at a higher level   because everything worth doing takes 10x more effort than you expect if you apply this mindset you're going to stop making excuses and you're going to start making big moves the most powerful lesson here to me average actions they lead to average results if you want to dominate in business and in life you have to push way far beyond what's reasonable that's what separates High performers like us from everyone else if you want success this book will force you to raise your standards always do 10x more and 10x   higher all right book number 10 who not how Dan Sullivan this one's incredible successful people don't ask how do I do this they ask who can do this for me who can help me with this this mindset shift completely changed how I run my businesses instead of wasting time learning everything myself I hire experts I ask for help and I let them execute at a higher level before this book I was stuck in the mindset of trying to figure out everything myself once I embrac the who not how principle I stopped being the bottleneck in my own   businesses but now I focus on finding the right help finding the best people to execute finding experts in their fields rather than trying to do everything myself so if you struggle with delegation this book is an absolute GameChanger book number 11 how Elrod Strikes Again The Miracle equation so this book it's simple right unwavering Faith plus extraordinary effort and I know that sounds a little kind of flu fluey and that's not really me and it might not be you either but look I mean I say that Mantra to myself every single   day it gets hard sometimes so if you don't believe success is inevitable and you're not willing to put in the work an insane amount of effort then you're never going to make it one of the biggest lessons from the book is that mindset alone it's not enough you have to back it up with absolute Relentless action you can't just hope for Success you have to put in the work consistently every single day no matter what no matter how you feel no matter what's going on no matter what obstacles arise this book will shift your perspective on   commitment and perseverance remember that saying preach it to yourself every day when gets hard all right book number 12 I told you it would be a surprise on the list I don't think this makes anyone's list for a business book but number 12 the five love languages by Gary Chapman you've all heard of it but let me explain a relationship book sure but business is all about relationships if you don't know how to connect with people you're never going to succeed at a high level this book taught me that   people communicate and they receive value in different ways whether it's clients it's Partners its employees knowing how someone feels appreciated will change how you do in your business and how successful you ultimately are for example some people value words about affirmation While others need tangible recognition once I started applying these principles in business and you keep it in your head for all conversations I became a better leader a better negotiator and a better connector if you want to improve your ability to   work with people which you will this book will give you an edge a relationship book yes but business is all about relationships remember that if you don't know how to connect with people you'll never succeed at a high level all right there there you go folks the 12 business books you need to Succeed in Business and honestly in life generally read those 12 put them on repeat read them every single year which book hit you the hardest drop a comment below I want to know which one resonated with you the most if you found this   valuable hit that like button or subscribe whatever you're watching this on and share it with someone who needs it these books absolutely change my life and they can do the same for you now go take action read those books apply those principles and let's get this money let's go [Music] Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=7QXX37vgJPE&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=4 https://www.instagram.com/p/DHZAmMtTXDA/ https://x.com/sethbradleyesq/status/1902426622608994373 https://www.linkedin.com/posts/sethbradleyesq_wealthbuilding-moneymoves-businessbooks-acthttps://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq 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You've probably heard of Roberty Kiyosaki's best-selling book, Rich Dad Poor Dad. Within this book, Robert mentions 4 quadrants, which are all about how you analyze business and real estate. Kris Krohn goes over this 4 square method and breaks down how you can use it to become a way smarter and more successful investor.

In this episode, we sit down with Sean Hallahan, co-founder of Clover Real Estate, to unpack the mindset shift that took him from analyzing rental deals with his brother to walking away from his W-2 and flipping houses for six-figure profits.Sean started like a lot of people—consuming BiggerPockets, reading Rich Dad Poor Dad, and buying a few rental properties in Connecticut while holding down a full-time engineering job in L.A. But after hitting a ceiling, Sean realized that long-term wealth wasn't just about passive income—it was about building a real business.We dive into:– How Sean and his brother got their first few rentals– The exact moment Sean knew it was time to quit his W-2– Why “getting reps” in sales changed everything– The $100K flip that made it all feel real– His game plan to hit $300K in profit this year– The biggest constraint they're solving nowWhether you're still working a day job or already deep into real estate, Sean's story is a masterclass in betting on yourself, pushing through failure, and building something that actually works.Access ALL the resources mentioned in this podcast for FREE on my Skool Community: https://www.skool.com/offmarketmethod/about?ref=791b3644f63045c9a6d3d8634e57c1f1Connect with Cole Ruud-JohnsonInstagram: https://www.instagram.com/coleruudjohnsonTwitter: https://twitter.com/coleruudjohnson

Summary On this episode of the Evolve to Succeed Podcast, Declan O'Toole shares his remarkable journey from marine biology to building a successful catering business, Forerunner Catering. He discusses the challenges of transitioning from Meals on Wheels to providing school meals, the importance of cash flow management, and the lessons learned from navigating public sector contracts.  Declan reflects on the decision to exit the business, the sale process, and life after exit, emphasising the need for resilience and the fulfillment found in the entrepreneurial journey.   This episode of the Evolve to Succeed Podcast covers… Define "Enough" Early: Declan covers what “enough” was in his life. He applied the 4% rule to plan his exit and financial future. Public Sector Contracts Can Be Goldmines: Declan talks about public sector contracts and how they can be stable and profitable when executed well. Systems and Process Create True Business Ownership: A business that can run without the owner is a real business. Declan emphasises how important it was for his catering company to be people-independent and systems-led. Cashflow is Everything: Declan emphasises that cashflow forecasting is a non-negotiable practice. Exit Requires Strategy, Not Spontaneity: Declan discusses his exit from the business by tightening operations, ensuring clean books, and building scalability before stepping away. Legacy Over Maximum Payout: Declan talks about choosing the right buyer, by assessing their values and ability to take care of his team and legacy. Soundbites “The bit that's really good about generating wealth is not having the wealth. It's the journey from not having it to getting there.”   “You only own a business if it can run without you for three to six months.”   “Cashflow, cashflow, cashflow. There's nothing else. That's priority one.”   “Once you get public sector contracts, just don't f* up.”   “You've got to have grit. Everyone I know who's made it has been through some deep, deep s*.”   “I'm great at building systems. I'm absolutely crap at doing them.”   “Success is waking up looking forward to the day and being happy with what you've achieved so far.”   “I'd be a corporate muppet if I hadn't read Rich Dad Poor Dad.” Chapters   00:00 Introduction to Declan O'Toole 01:20 From Marine Biology to Catering Business 05:00 Transitioning from Meals on Wheels to School Meals 10:00 Challenges of Rapid Growth and Cash Flow Management 15:00 Navigating Public Sector Contracts 20:48 The Importance of Relationships in Business 27:47 Lessons Learned from the Public Sector 32:54 Deciding to Exit the Business 38:28 The Sale Process and Finding the Right Buyer 47:38 Life After Exit  

Kylan Yarbrough began his journey in multifamily real estate at just 17 years old. By 19, he had already advanced to regional property manager, and today he brings an owner-operator mindset to his 195 multifamily units. With a background rooted in ground-level operations and a passion for improving communities, Kylan is also developing property management software to bridge the communication gap between owners and operators.    

Andrew Freed scaled from zero to 400 units in four years by mastering leverage, building a powerful team, and embracing a growth mindset. Learn how to turn bold decisions into lasting financial freedom.See full article: https://www.unitedstatesrealestateinvestor.com/the-phenomenal-power-of-leverage-that-built-a-400-unit-empire-in-four-years-with-andrew-freed/(00:00) - Introduction to The REI Agent Podcast(00:06) - Meet Mattias and Erica: Hosts of The REI Agent(00:14) - The Mission: Building Bold Lives Through Business and Investing(00:19) - Mattias Welcomes Listeners Solo: Erica Away for Swim Lessons(00:45) - Theme of the Episode: The Power of Leverage in Growth and Investing(03:20) - Why Employees Are Always Being Leveraged for Others' Gain(05:10) - How Leveraging People and Time Builds Empires(07:45) - Andrew Freed Joins the Show(08:00) - Andrew's Backstory: The “American Dream” That Fell Short(10:40) - Rich Dad Poor Dad and The Purple Pill Shift(13:00) - Using a $200K HELOC to House Hack Multifamily Properties(15:25) - From Zero to 400 Units in Four Years(16:10) - Syndications and Mentorship: Leveraging Other People's Deals(18:05) - Arbitrage: Borrowing at 3% to Earn 15%(20:00) - Limited Partner Investing for Experience and Growth(22:20) - The Real Estate Professional Tax Designation Advantage(25:15) - Syndications vs Short-Term Rentals: Time vs Return Tradeoff(27:00) - Why Value-Add Multifamily Creates More Control and Profit(29:05) - Treating Large Properties as Businesses, Not Assets(30:45) - Cap Rates and Exponential Value Growth(33:05) - Risk and Reward: Bridge Loans and Rising Rates(35:15) - Agents Becoming Investors Through Equity Partnerships(37:10) - Why Finding Good Deals Unlocks Endless Opportunities(38:30) - Andrew's Property Management and Sales Teams Explained(40:00) - Building Systems and Delegation to Scale Beyond Burnout(41:45) - Investing $20K in a Consultant to Build a Winning Team(44:10) - Leveraging Virtual Assistants and Global Talent(47:30) - Personality Tests: Cultural Index and Predictive Index(50:00) - Golden Nugget: Ask “Who Can Do This?” to Scale Like a CEO(51:10) - Book Recommendation: Limitless by Jim Kwik(52:00) - Where to Follow and Learn More About Andrew Freed(52:30) - Outro: Subscribe and Build the Life You WantContact Andrew Freedhttps://www.instagram.com/investorfreed/For more phenomenally powerful tips on helping you create your holistic wealth, visit https://reiagent.com

Andrew Reichert is the CEO and founder of Birgo Capital, a Pittsburgh-based private equity real estate firm with $330M+ in assets under management and 3,600+ multifamily units. Having raised over $125M from investors, he oversees a team of 100+, is a bestselling author, keynote speaker, and podcast host. Andrew embodies the first-generation entrepreneur scaling from small “no money down” deals to leading nine-figure institutional real estate investments. On this episode we talk about: Andrew's beginnings: working restaurant jobs in high school, reading Rich Dad Poor Dad, and buying his first duplex straight out of college—with literally no money, no experience, and no credit Creative real estate deals before the Great Financial Crisis: stacking first and second mortgages for $20K in cash at closing, and holding through 2008 due to conservative numbers Growing from “house hacking” to 20 units while working at PNC Bank—then going all in on real estate entrepreneurship The start of Birgo Capital: launching the first $10M fund (ultimately oversubscribed at $17M) by innovating deal structure and aligning incentives with investors How he raised capital early: putting his own money in every deal, personally guaranteeing debt, and refusing management fees so all profit came from performance and carried interest Evolving capital structures as the company grew, with bigger investors seeking more traditional private equity fee models The “alignment of incentives” philosophy: why reputation, stewardship, and risk-sharing drive trust and investor confidence Mindset: expecting big outcomes, focusing on stewardship, and building toward $1B in assets under management Advice for new investors—how the right deal structure, total transparency, and performance alignment become powerful capital-raising tools Top 3 Takeaways Alignment of Incentives Raises Capital: Early success in raising millions comes from putting your own money on the line, personally guaranteeing loans, and only getting paid after your investors get paid—a structure that's impossible to say no to. From Small Deals to Big Funds: Anyone can start with “no money down”—but scaling to “big money raised” requires obsession with stewardship, track record, and structuring win-win deals for both small and large investors. Growth Is a Mindset: Expecting and planning for outsize results is key—set big goals, focus on serving your people and your capital, and build with humility and discipline. Notable Quotes “Our first deal? No money, no experience, no credit—but I walked away from closing with a $20,000 check.” “We wouldn't make a dime unless the investment performed. Investors got paid first, then we participated in the upside. It made the decision a no-brainer for backers.” “Larger investors want the fees and structure they're used to. But trust still comes down to alignment and stewardship.” “I always expected this to get big—our goal is $1B by 2030. For me, it's about serving more investors and stewarding more assets.” Connect with Andrew Reichert: Company: Birgo Capital (birgo.com)

Robert Kiyosaki Uncensored: How to Get True Financial Freedom

Robert Toru Kiyosaki is an American entrepreneur, investor, and bestselling author best known for his groundbreaking personal finance book Rich Dad Poor Dad. As the founder of The Rich Dad Company, Kiyosaki has dedicated his career to transforming the way people think about money, offering accessible financial education through books, videos, and online resources. Take action and strengthen your mind with The Resilient Mind Journal. Get your free digital copy today: ⁠⁠⁠⁠Download Now⁠⁠This episode is brought to you in partnership with The Icons by Motiversity. Hosted on Acast. See acast.com/privacy for more information.

Ryan Stieg shares how Rich Dad Poor Dad sparked his journey into passive investing, leading to a powerful LP portfolio and the rise of LeftField Investors. Discover how they're scaling investor education with BiggerPockets. So, start your own journey to financial freedom with this episode.   Key Takeaways To Listen For Rookie mistakes you won't see in the pitch deck 3 overlooked metrics that expose what's going on in a deal Why smart LPs stay hands-off and hyper-aware What pushed Ryan to ditch active investing for syndications How community reduces risk and accelerates results   Resources/Links Mentioned In This Episode BiggerPockets Tribevest  Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback The Hands-Off Investor by Brian Burke | Kindle and Paperback Invest Smarter with PassivePockets. Get the tools serious investors use: in-depth education, exclusive forums, and vetted sponsor and deal directories. Start your 7-day FREE trial at https://passivepockets.com/.   About Ryan StiegRyan started his career in mortgage lending before moving into the family insurance business, where he held roles in accounting, management, and eventually served five years as CEO, leading the company through its sale. Since 2021, he's focused on launching a franchise fitness studio and co-founding LeftField Investors, a community for alternative investment enthusiasts.   Connect with Ryan Website: Left Field Investors | InvestWise Collective LinkedIn: Ryan Stieg   Connect With UsIf you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.   Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

"Rich Dad Poor Dad" by Robert Kiyosaki is a thought-provoking book that challenges conventional wisdom about money and wealth. Here's a summary of the book's key points and reviews:Key Takeaways- Financial Literacy: The book emphasizes the importance of understanding how money works and making smart financial decisions.- Assets vs. Liabilities: Kiyosaki stresses the difference between assets that generate income and liabilities that drain resources.- Passive Income: The rich focus on creating passive income streams, allowing them to work less and earn more.- Mindset Shift: The book encourages readers to think differently about money, investing, and wealth-building Reviews:- Many reviewers praise the book for its inspiring and motivational content, which helps readers change their mindset about money and wealth.- Some critics argue that the book lacks concrete advice and focuses too much on Kiyosaki's personal anecdotes.- The book's emphasis on entrepreneurship and investing has resonated with some readers, while others have criticized its lack of depth and simplistic approachRatings- Average rating: 4.5/5 (based on various reviews)- Some reviewers have given the book 5-star ratings, citing its life-changing impact and inspiring message.- Others have given lower ratings, criticizing the book's lack of substance and Kiyosaki's self-promotional toneOverall, "Rich Dad Poor Dad" is a motivational book that encourages readers to think differently about money and wealth. While it may not provide concrete advice or investment strategies, it can inspire readers to take control of their finances and build wealth.

Are you starting your real estate business broke, but a bit educated?  My guest today tells us his story about starting with nothing, using his Rich Dad Poor Dad education to leverage into his first duplex, and then how he paid the "learning tax" with a City Inspector.  From starting at zero, overcoming after-the-fact permits, self-managing with a job, to creating a management company, Wyatt Simon details how he has set up systems and educated himself, and along the way educates others about the strategies in real estate.

Want to Start or Grow a Successful Business? Schedule a FREE 13-Point Assessment with Clay Clark Today At: www.ThrivetimeShow.com   Join Clay Clark's Thrivetime Show Business Workshop!!! Learn Branding, Marketing, SEO, Sales, Workflow Design, Accounting & More. **Request Tickets & See Testimonials At: www.ThrivetimeShow.com  **Request Tickets Via Text At (918) 851-0102   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/ Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Case Studies Today HERE: www.thrivetimeshow.com/does-it-work/  

Guest: Monty Caraway – Certified UnprofessionalWhiskey of the Week: Whistle Pig Estate Oak Rye (15 yr) and Still Austin Red Corn Bourbon – So good we let Monty finish the bottle offWhat starts as a busted audio setup and some producer bashing (

Financial freedom is the dream of many professionals—but few achieve it as strategically and successfully as Dr. Christopher H. Loo, MD-PhD. In this episode, Chris shares his journey from physician to early retiree at 38, diving deep into the mindset and investment tactics that led him there.Along the way, we explore the importance of passive income, building multiple streams of income, and how real estate investing during the 2008 crash set Chris on a path to lasting wealth. He also discusses the power of digital entrepreneurship, creating a personal brand, and how index funds investing can create long-term security—even for high-income professionals like physicians.If you're searching for a roadmap to early retirement, wondering how to create time freedom without sacrificing your profession, or want to escape the rat race through smart financial decisions, this interview gives you answers and insights. Chris's experience bridges the gap between ambition and action, offering solutions that align with what freedom-seekers are looking for in today's economy.

Chris Logan reveals how wholesaling transformed his life, why most investors fail, and how to build success through relentless focus and grit. A must-read for anyone serious about creating financial and lifestyle freedom.See full article: https://www.unitedstatesrealestateinvestor.com/one-simple-shift-built-a-real-estate-wholesaling-empire-and-a-dream-life-with-chris-logan/(00:00) - Welcome to The REI Agent Podcast with Mattias and Erica(00:06) - A Reminder from Chris Logan: Be Relentless in the Grind Phase(01:24) - Chris Logan Joins the Show: Relatable Lessons from the Start(05:25) - Chris Shares How He Got Started with Wholesaling(10:10) - The Power of Robert Kiyosaki's “Rich Dad Poor Dad”(11:48) - Chris Explains Wholesaling and How the Business Model Works(14:18) - How Wholesaling Differs from Being a Real Estate Agent(14:54) - Stigma and Misunderstanding Between Agents and Wholesalers(17:19) - Why Speed and Convenience Drive Sellers to Wholesalers(20:18) - Building Trust and Synergy Between Agents and Wholesalers(22:27) - Ethical Concerns Around Exorbitant Wholesaling Profits(25:37) - Chris Defends the Wholesaling Model with Real-World Analogies(26:06) - Deep Dive Into Marketing Tactics for Wholesalers(27:43) - Landlords, Tenants, and the Motivations to Sell(29:40) - Why Chris Didn't Start Holding Properties Sooner(31:23) - Wholesaling as a Training Ground for Buy-and-Hold Investors(32:58) - Agents vs. Wholesalers: Niche Down and Pick a Side(36:08) - Licensing Laws and Market Restrictions for Wholesalers(37:36) - Chris's 2-Step Formula for Picking the Right Markets(40:15) - A California Investor Finds Success in Florida(41:24) - Why Title States Are Better Than Attorney States(43:04) - Tools for Finding Seller Data and Leads(44:23) - Residential vs. Commercial Data Accuracy(45:33) - Conversion Rates and Cost Per Deal(46:59) - Cold Calling Strategy and Timing(48:17) - Leveraging AI in Sales Without Losing the Human Touch(51:09) - Golden Nuggets: Focus, Consistency, and Sales First(54:06) - Final Book Recommendations: The Compound Effect(56:28) - Chris Reflects on the Long Game of Momentum(57:11) - Where to Connect with Chris Logan(57:42) - Outro: Subscribe and Keep Building the Life You WantContact Chris Loganhttps://virtualwholesalingmadesimple.com/https://www.facebook.com/chrisloganreihttps://www.facebook.com/groups/virtualwholesalingmadesimplehttps://www.instagram.com/chrisloganrei/For more holistic strategies that could change your life, visit https://reiagent.com

Richard Advani transformed his life through disciplined investing, financial literacy, and real estate. This episode of The REI Agent is a must-listen for aspiring real estate investors seeking purpose and success.See full article: https://www.unitedstatesrealestateinvestor.com/untold-real-estate-power-financial-triumph-and-life-mastery-with-richard-advani/(00:00) - Introduction to The REI Agent Podcast(00:06) - Erica and Mattias Welcome Listeners: Real Estate and Holistic Living(00:24) - Life Updates: Holidays, Illness, and Family Adventures(10:15) - Introduction to Guest: Richard Advani, Mortgage Officer and Investor(10:36) - Richard's Journey: Inspired by Rich Dad Poor Dad(11:33) - Setting Goals: Cars, Investments, and Delayed Gratification(13:19) - Transitioning Off Turo: Rental Car Business Insights(15:16) - Building a Rental Portfolio: Early Career Challenges and Growth(16:24) - The Niche Advantage: Lending to Real Estate Investors(18:42) - Understanding DSCR Loans: A Game-Changer for Investors(24:22) - Exploring Loan Caps and New Opportunities for Agents(27:19) - Short-Term Rentals: Challenges and Market Strategy(31:18) - Partnering in Development: Building to Rent in Oklahoma(33:42) - Real Estate and Passion Projects: Richard's Drift Racing Story(37:12) - Life Lessons: Sacrifice, Hustle, and Achieving Dreams(43:11) - Diversifying Investments: From Real Estate to Business Ventures(48:00) - Financial Literacy and Tax Strategies: Lessons from Experience(51:50) - Closing Remarks: Follow Richard Advani's JourneyContact Richard Advanirichardadvani.comBankers Invest OKCInstagramLinkedInZillow--Go to reiagent.com for more incredible content!

In this new episode, I sit down with Teresa Posada to explore her path from architectural drafting and Home Depot to building multiple million-dollar businesses. Teresa shares how she used seller financing and her 401k to launch her first 18,000 square foot store, eventually expanding to three locations while supporting her husband's welding company to $1M in monthly revenue.We talk about her use of systems thinking, how customer service became her business edge, and how books like The E-Myth, Think and Grow Rich, and Rich Dad Poor Dad shaped her mindset. I introduce the Hedgehog Concept, and we workshop it around her passion for idea creation and meeting customer needs. Teresa also shares about her work with Grant Cardone's 10X program and the Business Book Club, where we originally met.Links from the episode:

Show notes (TRUMP The Art of The Deal detailed book summary) / Free Full Audiobook / PDF & Infographic / IN THIS EPISODE: Trump's The Art of the Deal offers a strategic blueprint for business success by combining bold thinking, calculated risk management, and a game-like approach to professional challenges. TOPICS: negotiation, entrepreneurship, real estate, Risk management, Marketing, business, Trump, deal-making KEY FIGURES: Apple, Elon Musk, Donald Trump, Amazon, Rich Dad Poor Dad, Robert Greene, The 48 Laws of Power, Think and Grow Rich, Chris Voss, The Art of the Deal, Robert Kiyosaki, Never Split the Difference, Roger Fisher, Getting to Yes, Napoleon Hill, Queens, Brooklyn, Atlantic City, Fred Trump, Manhattan, Tony Schwartz, Trump Tower, Grand Central Station, Baron Hilton, Fifth Avenue, Wharton School, Harvard, Grand Hyatt Hotel SUMMARY: Donald Trump's book 'The Art of the Deal' offers 11 strategic principles for successful business negotiations and deal-making. The book, written when Trump was 41, draws from his experiences transforming Manhattan's real estate landscape through projects like Trump Tower and the Grand Hyatt Hotel renovation. Trump emphasizes thinking big, managing risk, and understanding human psychology as key elements of successful deal-making. The Art of The Deal's core strategies include maintaining flexibility in negotiations, gathering direct market intelligence, strategically using media attention, and protecting downside risks while preserving upside potential. Trump advocates for an approach that involves working on multiple deals simultaneously, understanding what motivates people, and never appearing desperate during negotiations. He also stresses the importance of delivering genuine value and maintaining long-term relationships with partners and clients. Beyond practical business advice, Trump presents a philosophical approach to deal-making that views business as an engaging game rather than merely a means of making money in The Art of The Deal. He encourages entrepreneurs to enjoy the process of solving complex problems, maintaining creative energy, and focusing on challenges that others cannot solve. The book ultimately suggests that successful dealmakers combine ambitious thinking with careful risk management, psychological insight, and a commitment to consistently delivering value. KEY QUOTES: • "If you're going to think anyway, you might as well think big." - Donald Trump • "Money was never [my] big motivation except as a way to keep score. The real excitement is playing the game." - Donald Trump • "Protect the downside and the upside will take care of itself." - Donald Trump • "Be good to people who are good to you, but fight back hard when people treat you badly or unfairly." - Donald Trump • "You can create excitement and use promotion effectively, but if you don't deliver the goods, people will eventually catch on." - Donald Trump KEY TAKEAWAYS: • Think big and aim for ambitious goals: Setting larger objectives requires similar effort to small goals but can yield significantly better results and attract more attention • Protect against downside risks while maintaining unlimited upside potential: Smart deal-making involves structuring arrangements that limit potential losses while preserving opportunities for significant gains • Create strategic leverage by maintaining multiple options and avoiding appearing desperate in negotiations: Having alternative opportunities gives you more negotiating power and psychological advantage • Gather market intelligence through direct human interactions rather than relying solely on traditional market research: Personal conversations can reveal nuanced insights about customer preferences and market dynamics • Deliver genuine value consistently: Long-term success depends on actually fulfilling promises and providing real quality, not just creating marketing hype... (Continue here: ⁠Show notes) Learn more about your ad choices. Visit megaphone.fm/adchoices

I am joined this week by the inspiring Laurie Wood of Evolution Financial Coaching. Laurie is a dedicated financial coach who has transformed her early experiences with financial hardship into a mission to help others achieve financial independence and break the taboo around money conversations. Today, we dive deep into Laurie's journey from growing up in a single-parent household reliant on public assistance to becoming a successful financial coach helping others navigate their money stories. You'll hear about Laurie's early exposure to corporate finances as a budget manager, her real estate investing adventures with her sister, and how she discovered her calling to help others with their financial lives. Listen as Laurie shares her transition from a 30+ year corporate career to launching Evolution Financial Coaching, the importance of "paying your future self," and her philosophy around using money as a tool for both security and joy. Laurie's story demonstrates the power of turning personal challenges into purposeful work that creates lasting impact in the lives of others. Key Topics: Growing up with financial hardship after her parents' divorce and learning early lessons about money and survival Early career exposure to corporate finances as a budget manager and discovering salary disparities and gender pay gaps First steps into investing through company programs, early losses, and building consistent 401k contributions Real estate investing journey inspired by Rich Dad Poor Dad, partnering with her sister, and overcoming fear to purchase property in San Francisco The natural evolution from helping friends with money decisions to moonlighting as a financial coach Formal training and launching Evolution Financial Coaching while working full-time, including her first beta client success story Building a coaching practice through networking, referrals, and helping clients transform their financial lives Money philosophy around "de-cumulation strategy," using money for self-care and joy, and creating philanthropic legacy through donor advised funds Connect with Laurie online: Evolution Financial Coaching: https://www.evolutionfinancialcoaching.com/ Instagram: https://www.instagram.com/evolution_financial_coaching LinkedIn: https://www.linkedin.com/company/evolution-financial-coaching/?viewAsMember=true   Find more from Syama Bunten: Instagram: @syama.co, @gettingrichpod Website: https://syamabunten.com/ Download Syama's Guide to Getting Rich: www.syamabunten.com Big Delta Capital: www.bigdeltacapital.com    

I've never heard of a real estate investor getting quality seller leads THIS cheap, until now. Ryan from PA has generated 1,200 leads to his Carrot site and closes an average of 5 deals/month by himself in under 30 hours per week. From hand-built billboards on government land to strategic SEO and backlinks via national press, Ryan shares exactly how he outsmarts bigger investors with smaller budgets. You'll learn how to get press mentions that actually rank, TV exposure that drives inbound calls, and brand trust that closes deals. If you want creative marketing that delivers real ROI, don't miss this. Mentioned in this episode:Rich Dad Poor Dad by Robert Kiyosaki – https://www.amazon.com/dp/1612681131Qwoted – https://www.qwoted.comMuck Rack – https://muckrack.comSourceBottle – https://www.sourcebottle.comAcres Land App - https://www.acres.com/Ryan's PA site - We Buy Houses in Pennsylvania – https://www.webuyhousesinpennsylvania.comRyan's NY Site: 607 Home Buyers (New York site) – https://www.607homebuyers.com Key Quotes:“We paid $500 once for TV exposure and had calls coming in that week.”“I think not branding yourself is one of the biggest mistakes you can make.”“Every billboard, business card—even my t-shirt—uses the same color scheme.”“SEO's secret sauce? Backlinks from sites you already own and people you know.” Chapters:[0:00] TV Exposure for $500[1:00] Meet Ryan: “Mom & Pop” Approach[2:55] Building a Trust-Based Brand[4:08] Branding with Color Consistency[8:49] Marketing Fails: Facebook Ads[11:58] Crushing It with Billboards[21:15] SEO Strategy & Backlink Tactics[28:55] Turning TV Segments into Leads[44:28] Final Thoughts + Fire Round ***Join us live, Thursdays at 11 AM Pacific for the Evergreen Marketing Live Q&A: https://www.facebook.com/groups/officialcarrotcommunity/***Need to grow as a leader? Check out Trevor's podcast: https://link.chtbl.com/EFF***Learn more at Carrot.com/shows - Carrot, a 5x Inc 5000 company, with millions of motivated leads generated over 10+ years.

Welcome back to the relaunch of the Evernest Real Estate Investor Podcast! In this raw, no-fluff conversation, Spencer is joined by new co-host Adam Hobson—a real estate investor who literally sold his truck, his guns, and everything short of the kitchen sink just to stay afloat while chasing financial freedom. In this episode, Adam shares how he stumbled (and hustled) his way into real estate by way of midnight bandit signs, failed ventures, and the ever-classic Rich Dad Poor Dad moment. Together, Spencer and Adam break down the six main exit strategies every smart investor should know before making an offer—and why betting on just one is a recipe for failure. Topics Covered: Adam's brutal early years: selling everything to stay in the game What wholesaling really is...and why it's misunderstood Why “Bandit Signs” still work (and why everyone hates them) The magic of inspection periods and how beginners can leverage them What every investor needs to understand about owner financing (including tax traps most people miss) The difference between wholesaling, flipping, and "wholetailing" Midterm rentals, house hacking, and when short-term rentals don't make sense How to think like a seasoned investor: building in multiple exit strategies from day one Subscribe to our podcast and leave us a review if you enjoyed this episode! =================================== Connect with Matt and Spencer at Evernest: Evernest.co Hosts: Spencer Sutton and Adam Hobson Special Guest (Spencer's New Co-host!): Adam Hobson Visit the Podcast Website: Evernest.co/podcasts Email the Show: podcast@evernest.co =================================== Production House: Flint Stone Media Copyright of Evernest 2025.

In this Father's Day special episode, certified financial planner Jennifer Johnson and host Adam delve into the pivotal role dads play in shaping their children's financial futures. Building on last month's discussion about mothers and financial security, they explore how fathers can instill valuable money habits in their kids from an early age. With insights from personal experiences and references to popular finance literature, they discuss the importance of transparency around money and how to foster curiosity in children about financial decision-making. Tune in for practical tips on nurturing responsible financial habits that can lead to long-term success.RICH DAD POOR DAD BOOK: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194FINANCIAL WELLNESS PROJECT ARTICLE: https://www.thefinancialwellnessproject.com/p/for-fathers-day-the-financial-lessonsContact Jennifer about your own financial situation at jennifer@3-magnolias.com or 336-701-1600The Triad Podcast Network is proudly sponsored by The Ginther Group Real Estate, Dewey's Bakery, and Three Magnolias Financial Advisors.

https://tinyurl.com/mainstreetpatriot-getstarted About Jimmy VreelandJimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestateMore about JimmyWebsite: www.jimmyvreeland.comLinkedin: www.linkedin.com/in/jimmy-vreelandInstagram: www.instagram.com/jimmyvreelandFacebook: www.facebook.com/JimmyVreelandYoutube: www.youtube.com/@JimmyVreelandC>>>>>>Get free access to the private Ranger Real Estate facebook group

What would happen if you suddenly lost your job? For most people, the answer brings anxiety, and understandably so. But for Dustin Heiner, the experience of being laid off became the pivotal moment that launched him on a journey toward financial freedom, passive income, and what he affectionately calls “successful unemployment.”On a recent episode of the Raising Private Money podcast with host Jay Conner, Dustin shared his powerful story of transformation—from a county IT employee in California to a full-time real estate investor, educator, and podcast host at Master Passive Income. The wisdom he offered goes far beyond real estate; it's a blueprint for anyone seeking true independence and purpose.Breaking the Traditional MoldDustin's story begins much like many of ours: he followed the “normal” path. After college, he landed what was supposed to be the most stable job one could imagine: government work in IT. “Government isn't going anywhere, and neither is technology,” he reasoned. Yet, in 2006, wanting something more, Dustin began to dabble in real estate investing after reading Rich Dad Poor Dad. He soon realized that his side hustle earned him more for less effort than his main job ever would.Everything changed, though, when Dustin returned from paternity leave after his fourth child and was unexpectedly called into his boss's office—and laid off. “Nobody gets fired from the government, but I did,” he recalls. This terrifying moment forced Dustin to confront two realities: he needed immediate income, and he needed to make sure he'd never be dependent on a job again.Embracing an Investor's MindsetWhat set Dustin apart wasn't just his willingness to hustle; it was his shift in identity. “From that day forward, I told everyone I was an investor, even if every dollar was coming from my job at the time,” Dustin says. This mindset laid the groundwork for everything that followed.He understood that his true value didn't come from his employer, it came from his skills, his drive, and his willingness to invest in himself. In Dustin's words, your boss pays you just enough to keep you from quitting, but not what you're truly worth. The only way to reclaim your worth is to build something of your own.Building Passive Income (and a Legacy)Dustin steadily grew his portfolio, buying property after property, each generating hundreds in monthly passive income. The turning point came when his cash flow allowed him to quit his job entirely by age 37. He describes the final commute from his government job as feeling like he was “walking on clouds.” Dustin was now successfully unemployed: no boss, no clock, just consistent income generated from assets.He didn't stop there. Dustin began teaching friends and family, eventually launching the Master Passive Income blog and podcast to share everything he learned. His mission? To help a million others break free, too. “The more people I serve, the more my life, and theirs, improves,” he says.Attracting Money Without Chasing ItOne of the standout lessons from Dustin's experience is the power of personal branding and trust. He raised $1.5 million in private money for real estate deals simply by sharing his journey on just two podcast episodes. How? Because he'd spent years openly sharing values and teaching others. When an opportunity arose, his audience already knew, liked, and trusted him enough to invest.Dustin's advice for aspiring investors is simple but profound:Let Everyone Know You're an Investor – Even if it's a part-time role, communicate your goals and identity.Help Others Generously – Share knowledge, answer questions, and provide value.Play the Long Game – Success comes from years of consistent action, integrity, and generosity.Your Path to Successful UnemploymentWhether you're interested in real estate o

Who is Karen?Karen Rands is a dedicated advocate for entrepreneurs and investors, striving to bridge the gap between innovative ideas and financial support. With a strong belief in strategic, world-changing initiatives, she leverages her expertise to instill confidence in investors and guide them towards impactful investments. Through her podcast, Karen addresses the common challenges faced by startups, providing insightful advice to entrepreneurs who often venture into capital-raising without fully understanding the nuances. Her mission is to equip emerging businesses with the knowledge they need to start on the right foot and succeed in their entrepreneurial journeys.Key Takeaways00:00 Misjudging Capital Needs Hinders Growth07:25 Understanding Early Customer Acquisition10:18 Investment Readiness Assessment12:32 Emotional Investing for Impact17:14 Strategic Board Structure for Control19:34 Free Consultation and YouTube Webinars23:01 Discovering Angel Investing's Exclusivity26:59 Entrepreneurship Challenges and Misconceptions28:51 Investing in Startups for Profit_________________________________________________________________________________________________Subscribe to our newsletter and get details of when we are doing these interviews live at https://TCA.fyi/newsletterFind out more about being a guest at : link.thecompleteapproach.co.uk/beaguestSubscribe to the podcast at https://link.thecompleteapproach.co.uk/podcastHelp us get this podcast in front of as many people as possible. Leave a nice five-star review at apple podcasts : https://link.thecompleteapproach.co.uk/apple-podcasts and on YouTube : https://link.thecompleteapproach.co.uk/Itsnotrocketscienceatyt!Here's how you can bring your business to THE next level:If you are a business owner currently turning over £/$10K - £/$50K per month and want to grow to £/$100K - £/$500k per month download my free resource on everything you need to grow your business on a single page :It's a detailed breakdown of how you can grow your business to 7-figures in a smart and sustainable way————————————————————————————————————————————-TranscriptNote, this was transcribed using a transcription software and may not reflect the exact words used in the podcast)SUMMARY KEYWORDScapital consultancy, entrepreneurship, capital raising, investors, angel investors, compassionate capitalist, business podcast, startups, scaling business, venture capitalists, reg a plus, crowdfunding, valuation, financial independence, market validation, revenue generation, investor confidence, competitive marketplace, emotional investment, strategic investment, due diligence, incubation, acceleration, product market fit, financial forecasting, convertible notes, safe agreements, entrepreneurship challenges, angel investing, financial education, investing risk.SPEAKERSKaren Rands, Stuart WebbStuart Webb [00:00:31]:Hi, and welcome back to It's Not Rocket Science, five questions over coffee. I am truly honored today to be in the presence of a real expert in their field. Someone who spent, their dedicated their career to helping entrepreneurs raise capital and guiding investors to make smarter, more respectful in and impactful investments. And that's Karen Brands who brings with her over twenty years of experience in capital consultancy. She consults entrepreneurs, advises to angel investors and networks. She's a leader of the compassionate capitalist movement. And this is a top ranked business postcaster as well. So I'm really, really grateful that Karen has been able to spend a few minutes with us.Stuart Webb [00:01:21]:Karen, welcome to It's Not Rocket Science. Five questions for coffee. I'm really looking forward to this discussion because I think you've got some really valuable things to tell us. So welcome to the show.Karen Rands [00:01:32]:Thank you so very much, Stuart. And and I have been, since we got reconnected on LinkedIn, looking at some of the podcasts and the different interviews that you've done, and it really are some true golden nuggets out there for entrepreneurs to be able to, like, get in there and and, like and I love the way that you do it with just the five questions. So, you know, you chop chop, we get to it, and get good stuff going there.Stuart Webb [00:01:56]:We're only gonna ask the five questions, but, obviously, you know, we are really interested. If anybody is watching on the livestream, they need to pop something in. Please post questions in the chat. We'd love to have this interactive. So but let's start, Karen. Karen, talk to me a little bit about the sort of, investor or entrepreneur you're trying to reach, the sort of person who needs the help that you could give them in order to guide them in the right direction towards the capital they need to raise.Karen Rands [00:02:25]:Okay, Stuart. That so I saw that question before. You paved with a little bit different. It's always a struggle for me because you have two sides of the coin, right, with entrepreneur entrepreneurs and investors and different problems. So one is strategic change the world kind of thing with what I do with investors and bringing in this, you know, to get confidence and confidence in investing. But, you know, the there is a challenge, and part of the big reason why I do my show, my podcast show itself is for those entrepreneurs out there, it they startups always know about, seems like raising capital, and they'll get out there and they'll they'll get some good advice. They they get a lot they oftentimes don't know what they don't know. So they get started wrong.Karen Rands [00:03:16]:They get started with wrong perceptions of what it's gonna take to raise capital and actually get to scaling their business. And as a result of this, you find both sides of that table, the angels and the entrepreneurs find themselves in the same problem spot. And that problem spot is the fact that they raise an early round of capital. They are successful in getting to that point, but they underestimate how much capital they're gonna need in order to fully go all the way to the end, to be able to get to a profitable exit, to be able to continue on their life cycle of growing. And by the time that they figure out that they need to go raise more capital, they oftentimes are now not attractive to the next round of potential capital people like venture capitalists. You know, they find out that they need more money than a bank is gonna be. Let's just so let's say somebody raise give me an example. They raise a million dollars as a technology company, let's say, And they and they think that because of the way they calculated their numbers, that's gonna be enough to get them into making $10,000,000 in revenue.Karen Rands [00:04:28]:But in reality, they end up making 3 or $4,000,000 in revenue with that. They might have a little bit of cash flow and some money that they keep putting back into their business to try to get it to grow. And they struggle with scaling because they really need another 5 to $10,000,000 to become the $50,000,000 or the $70,000,000 company that they originally forecast that they would be when those angels put that million dollars in. So they look around and they go, wait. Okay. I I I'm too I'm wrong industry or too slow quote VCs. I'm not big enough for private equity funds. I need more money than a bank will give us, and I'm too big and stale.Karen Rands [00:05:06]:And I didn't do what I said I was gonna do, so the angels aren't gonna give me any more money. Where do I go? And the angels are looking at them going, this is what the every you know, everybody knows about the ten ten companies in a portfolio. I call the three in the middle of the Midlands. 3 go out of business, three do one does really well, three do pretty good that make up for the others, and the three just sort of putter along the Midland companies. Well, those Midland companies have a great opportunity to be able to use some of the new programs available with the jobs act like reg a plus that's designed for growing companies to go out and raise tens to, you know, up to $75,000,000 in a year. It gives the angels an exit. It gives them access to capital to grow and eventually create a, potential exit way into a Nasdaq small cap. So biggest problem, they don't know what it's gonna take to get all the money to get all the way, and they have no idea that there's a program out there like reg a plus that could solve the problem.Stuart Webb [00:06:10]:And I think that's a really critical point that you've made there, Karen, which is so often people haven't thought through enough what they're gonna do with the capital in order to be able to really properly scale, isn't it? That's one of the major issues. And it's an issue for an angel as well because they're looking at the plan and going, well, they're asking me for this much, but I know they need more. But why aren't they asking for it? What is what is wrong that I have that they haven't actually come to me with the right ask? And, you know, that gives you that gives angels and investors a problem as well because they really want people to ask for the right amount. They don't need somebody coming back for two, three different different asks. It gives them all sorts of problems. We could talk about dilutions and things like that. But the fact of the matter is an angel needs somebody to be on the ball and understand what they wanna ask for as well, don't they?Karen Rands [00:07:00]:Yeah. And it's a sequence. You know, you build value that they it's really down to the numbers. I dig into the numbers deep because then I know whether they have any idea what they're doing and if they're gonna be successful at doing it because and I had a call earlier in the day. A guy was like, yeah. If we just get 1% of this giant market, it's gonna we're gonna be we'll be like, whatever. And I said and I laugh. I always have to laugh.Karen Rands [00:07:25]:It's like, do you understand that that's not the issue? It's how are you gonna get your how are you actually gonna get your first hundred customers that pay you money? Not some euphemistic 1% of a big marketplace. There's a hundred companies chasing after that 1%. You know? So that is such a it's so understanding. And and I and and, yeah, I could we get it. We could probably spend the whole thing talking about financials and how they do the financials, but that's really is the secret of their success is understanding their marketplace, how they're gonna generate revenue, what's gonna cost them to do it, how much time and money is it gonna take them to get to that point so that and and then how much money do they need to get to that point? Right? And if they if you and and not get over into this this bogged down to this percentage thing, because if you get your shares at 25¢ a share, if that's what you're selling, when when Amazon first, you know, started raising capital, they raised a little, and then they go another round at 50, another round at a dollar, another round at a dollar 50, another round at $2 and raising incremental money as their value went up and they delivered on it. And if an investor says to an entrepreneur, okay. Come back to me when you finish this round or come back to me when you have those hundred customers. It's not because they're it's because they don't believe that entrepreneur has the ability to do it, and they don't wanna shoot them in the foot.Karen Rands [00:08:51]:They just wanna, like, put a caveat out there because if they believe that they had the ability to do it, wouldn't they want the stock at 25¢ and not a dollar a share? It's because they don't think they're gonna ever get there. That's why they say that.Stuart Webb [00:09:04]:Yeah. Absolutely. Absolutely. And it is it is you know, it's in everybody's interest to get it right first time, isn't it? It's absolutely the right thing to do to get it right because you then you then save yourself a whole lot of trouble. We could talk for many hours about this, and I'm gonna try. Because you also do as well with with angel investors and helping them to make the right sort of choices and to make the right sort of calls. So is there is there anything you sort of turn around and and and think about in terms of how you help, investors as well to understand how they make their smart investments.Karen Rands [00:09:37]:Well, it's the offering the due diligence. So when I ran my angel investor group for about a decade, you know, I got really, really good at screening companies to see who was worthy of being able to pitch to my investors, which ones I thought the investors would be most likely to invest in. Right? So when you have reviewed a thousand some odd business plans and models and ongoing, you know, you start to pick up a few things here and there. And also in preparation when I was, you know, writing the book, I probably interviewed a hundred investors and I and on my podcast. Right? So it's like, what worked for you? What was your biggest mistake? All that kind of stuff. And it kinda ties right back into what we were talking about. It's the red flags. Right? I I have a program.Karen Rands [00:10:18]:I take companies through an analysis and identify their red flags and give them a red light, green light, yellow light, whatever to go forward to investors. And the, and it really comes down to truly understanding the problem, the solution, why they're the only ones who deliver the solution, and, you know, how are they gonna get there? Do they understand their marketplace well enough to know, like, how they're gonna how they're actually gonna get there and put money in the register? And it's you know, people talk about that, like, incubators and accelerators will sort of talk about the product market fit. That's kind of a thing that people like to throw in there. That's just really catchy little words that came out of a book that, you know, are are do you have do you know where your product fits, and does the market want it willing to pay you the money you need in order to make a profit?Stuart Webb [00:11:13]:Yeah. Yeah. No. Yeah.Karen Rands [00:11:14]:It's still common sense sometimes, but it it's it it because here's the thing. Emotion. So I call it subjective and objective. Emotion so way too often onto investors, buy based off of emotion. And this is when I wrote the book, it was really an anticipation because of crowdfunding that, you know, angel investing has a black eye in a lot of financial sectors for lots of different wrong reasons, not valid reasons, but it's still out there in this in the ethersphere. Right? And the and I was afraid that these people would be like, oh my god. Now I can invest in entrepreneurs. I better go do this.Karen Rands [00:11:54]:And they would see a video. They'd fall in love with the company. They wouldn't look at any of the things that you would need to look at, you know, for buried entry or ability to perform. And they would invest and then lose their money, and it would continue to give angel investing a black eye. And so it was one of those things that you just it there the so I have in my course, I you it's a very disciplined process that you go through and a scoring system so that you can know where if it's between it on a scale of one to 10. Seven to 10, write in. It's your industry. It's your stage.Karen Rands [00:12:32]:It's your the structure of the offering. It, you know, it's it you know this marketplace. It fits it checks about enough of the boxes. And then a five would be like, oh, it's not really perfect, but I just love this entrepreneur. Oh, I love what they're doing. So you consciously are making a decision that says, I know this is riskier. I might lose my money on this, but I'm willing to do it because I just I'm giving credit to my emotion of wanting to do this because it's gonna feel good. Because one of the main reasons why I figured out why millionaires that have the ability to be an angel investor in this sector that is considered, like, so risky, right, is because of the good that they feel when they make an investment with their dollars, and they're having an impact not only to potentially change the world with the problem that that company that founder is solving, but they just like that founder.Karen Rands [00:13:31]:They wanna see that founder be successful. So they if they can balance it properly with objective reasons why this is good a good investment with their emotional reasons why I just really like this and it makes me feel good, then hopefully they get a win win. But they've got to be conscious of that. If they're not conscious that they're making those choices, they will invest on emotion almost all and I've done it. I I have I have broken my own rules and invested on emotion that I'm still, you know, ten years later for waiting for that return on investment. So, you know, it is easy to go down in that slippery slope of doing that, but that's really it's it's it's understanding and really thinking through common sense logic. Do they have what is necessary to succeed?Stuart Webb [00:14:18]:Yeah. Brilliant.Karen Rands [00:14:20]:Sipping my coffee.Stuart Webb [00:14:23]:Karen, I mean, we've we've we've just started started the the talking about this. So so and you've started explaining a little bit about how, investors are and, and and business people sort of end up in these situations. What are the what are the problems that you've seen some of these investors, some of these, some of these, business people get into before they come across somebody like you? And and and and what is it, that you see them do that you can sort of try and help them sort of steer away from those problems before we even get there?Karen Rands [00:14:54]:So we talked we touched on it a little bit with valuation. Valuation is one of those that I think they oftentimes can make mistakes. And then I they come into me and they're struggling with raising capital. I'm sort of like the fixer when it comes to entrepreneurs. A lot of times they're like, oh, I don't know where to go. Karen, can you help? And then I'll look at this stuff and I go, this is why you're having a problem raising capital. And and then and then hopefully, they haven't spent too much money with the wrong people at that point in time so that they can fix themselves to get fixed so they have their odds of being able to raise the capital increases. But if you you know, there used to be a pretty steady rule of thumb that if you were an idea stage, you might be a million dollar valuation.Karen Rands [00:15:37]:Right? And then once you got past that and you had an MVP and you, you know, kind of had some market validation, you might be able to go to 5,000,000. And then based off of actual forecast, you would do some sort of like a net present value of a higher valuation, but you would be raising money along the ways. And that's when convertible notes and safes became all the rage because it got out of that conversation of what are you a million or $5,000,000 company in the beginning, and it would just convert or give you some kind of sweetener for putting money in now for when, an institutional round that set the valuation happen. And so I think that's probably one of the areas. And entrepreneurs will be like, oh, if I'm 1% of the marketplace, I'm gonna have a hundred million dollar business in five years. Therefore, I'm a $75,000,000 valuation. It's like, no. Not really.Karen Rands [00:16:31]:You know what I mean? It's like, no. Because and they're like, well, you know, they just they just have this Pollyanna approach to it thinking that because they believe it, they see it, it will happen, and that's not the case. It's it's always stair stepping your value and getting out of that scarcity mentality of a percentage of. Because if you understand how to structure the company, you're gonna have preferred and common. So common are the voters. Preferred gets the fur VCs all want that because that's the first right of the technology if something happens. Right? And you can end. And also once you get their board of directors are the ones that actually make most of the operational decisions of things.Karen Rands [00:17:14]:And so you set up from the beginning that you're gonna have your core executive as three people on the board, and then you give two seats up. But you put in your your stockholders agreement and in your formation that add certain amount of revenue or a certain amount of capital raise, you add two more seats. So you you can you always you keep control of your company through the structure of it and how you go about raising that capital having to feel like, oh my god, I've gotta have 51% of a $75,000,000 company when you will never raise the capital on that valuation. Because just real quick, I've the reason why is investors think this and I learned this from some of my key investors. When I say, well, how come you didn't like that? I love that company. What do you mean? And they were like, their valuation is too high. I'll never make my money. How do you mean? Well, if they came in at, let's say, 25,000,000, well, that means that in order to get the typical minimum five times the investment, they have to have a revenue number and stuff and such that they will sell for a hundred million, 5 times that valuation.Karen Rands [00:18:24]:And if they raise any more capital, that valuation continues to go up. And it's they can't get to where they can get an exit. That's why you see all of these unicorns imploding because they're not really that value. It's just the money that got put in.Stuart Webb [00:18:39]:Yeah. Yeah. Karen, we talked a lot about some of the the valuable advice. Is there a a a valuable piece of advice, a a free offer that you have? And, this will go in the the the notes, but just describe it. I'll I'll make sure this goes into, into this vault that we have where all of our free stuff is available. But is there is there a free, free piece of advice, an offer you're gonna sort of present people here that we could put into the vault for them.Karen Rands [00:19:10]:Okay. So so I'm gonna three kind of three things. Right? So the Wow. The pure free thing is I have a an ebook. It's called, 12 secrets of innovation. That is, me explaining 12 there's 47 inside secrets in the book, inside secrets to angel investing. And so I explained 12 of them to an investor and an entrepreneur perspective. And that's, you know, a pretty short one.Karen Rands [00:19:34]:I'll put that I'll I'll give that link will be in your with your free stuff. And then, I do offer up a, you know, a free initial twenty minute kind of get to know you, you know, give you some little snippets of of stuff. Happy to talk to people. Give them some quick feedback. You know, they can then sign up for a full hour if they want. And then the thing is on my YouTube channel, this is the re a resource is that I've been making these webinars and talking about how to raise capital and what do you need to do in great detail, interviewing lots of different people about that. And they're all on their video. Some of some of them been lost over time in migration of the RSS feeds for the audio, but the videos are there.Karen Rands [00:20:20]:And the video, there there's a a playlist that says for entrepreneurs. So they go to YouTube, search on my name, Kiera Rance, get the link in your show notes. They can go to the playlist for entrepreneurs, and there's a lot of content there that they can just, at their leisure, learn and digest and, you know, submit questions or whatever.Stuart Webb [00:20:44]:That is a fabulous resource. And I have gone on looked and had a look at that, and I will make sure that link is you get free stuff. Go to systemize at systemise.me/freestuff. You free hyphen stuff, that is. You will go to that link. You can then click on the stuff that Karen has just said, and we'll make sure that those links are all working. And you can go and get that from and that resource that you talked about, those those videos, they are really, really interesting. And you have spoken to some very, very interesting people, Karen.Stuart Webb [00:21:17]:So, I really encourage people to go look at that one. Let's let's just understand a little bit about more more about you as a person that can. Was there a particular book, of course, anything that brought you to the vast knowledge you've got now about how to how to become, a revenue, or a a a capital raising machine? The the sort of person that does that, but also the way that you're helping us to become the the compassionate capitalist.Karen Rands [00:21:49]:So, I would say it's an oldie, but it changed the way I reference it a lot in my book itself. And I, and that would be, thinking well, Robert Kiyosaki's, cash flow quadrant, which was was the the the subsequent to Rich Dad Poor Dad. Right? His first book was Rich Dad Poor Dad. Yeah. And I read that long time when I was still an employee, at IBM, but it was it the whole idea of the white quadrant versus the left quadrant and how you go from being chain changing hour trading hours for dollars to become a custom business owner that could run a business without being there, and it made them money and then taking that money and putting it into other investments. That was profoundly changed my I didn't know ain't about angel investing out there. One of the real ironic things out there, Stewart, and it really it took me I did not unpack this until probably, like, just a few years ago, even though I've been working with angels and entrepreneurs for a long time. I had never heard the term angel investing.Karen Rands [00:23:01]:And then in IBM, I was a I was like a person that package companies up to go get venture capital and come back and spend it with IBM and get our capital money. But I had never heard the term angel investing until I left IBM to help one of my clients raise capital in the middle of the .com bomb, mind you. That's my own little bubble that I was in. And I got invited to this angel group, and I tell them my story that it was like I was walking into a secret society where the people in this room, because we had to close doors back then, you couldn't general solicit. Next big thing because they put their money into it. Right? And it and in any way, it was so it was that piece of it, why more people didn't hear about, know about angel investing, particularly when crowdfunding happened. And then the second piece of it was this perception that 20 people in that room picked one company, the other two weren't worthy. Well, no, you when going through with my process, you might review six companies, pick three that you think are are the best for your particular audience doesn't mean those other three aren't good.Karen Rands [00:24:09]:And the one that they pick doesn't mean the other two aren't fundable. It's just that's the scarcity of capital. Right? So that was my that was the book that really set me on a journey of thinking different about money and looking at, you know, how you put money to work for yourself. That one, and then, you know, there's been, when I'm first learning about angel investing, there wasn't any book out there about it. I was one of, oh, wait. The guy that was starting New York angels, he he wrote his book a little bit before me, but it was really about how angel groups should do. And then there was, Jason Connes' book came out at the same time line. It's really about his own personal experiences.Karen Rands [00:24:50]:But I wrote my book because people were coming to me saying, hey, Karen. How how do I learn how to be an angel investor? I've got clients that wanna be an angel investor, and they don't know how to be an angel investor, and I can't advise them. I work for Maryland. I'm not allowed to talk to him about that. So where where can I send them? And so all the entrepreneur books I read about how to raise capital and all the sessions I had gone to, like, talk people talking about their experience, I started reverse engineering it to be how what should investors look for in companies and how to be a good investor. And that's where I, you know, wrote the book, my book, to be the step by step guide for how to go about should you would you could you be an angel investor.Stuart Webb [00:25:33]:And, Karen, you are now an absolute, an expert on this. This is this is a valuable resource because, you know, there are people who wanna get into this but just don't understand the value of increasing their capital by putting it into the right place safely and in a sensible way. And, you know, thank you for being that resource. We're we're kind of coming up to, coming up towards the end of this. And and I wanna give you the opportunity of sort of telling me the question I should have asked, which I have not yet done. So it's not a question I haven't yet asked. And if there is, you know, please, tell me what is it you would have liked me to have asked? And obviously, when you ask that question, you're gonna have to answer it becauseKaren Rands [00:26:19]:Well, I know the answer. I'm not sureStuart Webb [00:26:23]:Tell us the question and the answer.Karen Rands [00:26:27]:So you you maybe you can fit tell me what the question would have been for this answer. So, it would be like why I mean, would I'm gonna do a simple version of the answer, but why is it that more people, aren't investing in entrepreneurs? Okay. Yeah. TheStuart Webb [00:26:45]:because they should.Karen Rands [00:26:46]:That the answer the so the US Treasury and the SEC commissioned a report last year, and their findings were pretty much the same. Lack of awarenessStuart Webb [00:26:58]:Mhmm.Karen Rands [00:26:59]:Lack of tools and lack of of education. Right? So I solve that's my trifecta. I'm solving that. But I also think that there, we have a deep rooted sort of like very deep roots in our American psyche that says to be financially successful, to be financially independent, you need to be a successful entrepreneur. And the reality is that not everybody's cut out to be a successful entrepreneur. You know, if you're doing a market participant, may you're opening up another restaurant, you're opening up another thing that other people do, then you've got a whole different set of challenges and competition to deal with. If you're being a market maker where you're saw you're creating a solution that nobody's done before, it's a one off or wedging into an existing marketplace, You know, that's a whole other set of things. Right? And both of them take you know, one of the things when I first started teaching about entrepreneurs, I say, if you can't figure out how you're gonna make double the amount of money you make in your day job right now in the next two years, don't even get started.Stuart Webb [00:28:03]:Yeah. Yeah. It's a start. Yeah.Karen Rands [00:28:04]:Because you got you know, you you keep your job. And now I say, so it is a misnomer to say the best way to create to be create financial independence to be an entrepreneur. Because the reality is for ninety years when it was illegal for everybody else to be involved in in for entrepreneurs to raise money from somebody they didn't already know, that wasn't already a millionaire before the jobs act. And for people that weren't already millionaires to invest in those companies. Okay. During that period of time, we, the, we created this, this myth that it's super, risky. It's not super risky if you know how to do it because millionaires could they don't choose to just throw their money away. Oh, wait a sec.Karen Rands [00:28:51]:I got an extra million bucks. Let me just throw it into some companies so I can lose it. No. They're putting a million dollars into those companies because they expect to get $10.15, $2,030,000,000 back. And the you know? And so you don't have to be the successful entrepreneur that sacrifices everything, your family, your your you know, seeing your kids' football game, your benefits from your job, you can take that extra money that you have, liquidity, the $50 you were gonna invest in the real estate that you got shut out of, or the $50 you were gonna use in your savings to start putting, you know, into starting a business and put that into 50 companies. Put it put 5,000 into 10 companies. Whatever. You know what I mean? There's so many ways that you can share in the success of those entrepreneurs that are solving a problem that you love, that have the gumption, the real desire to work those eighty, ninety hours a week that they have to work, and you they need your money to be successful.Karen Rands [00:29:55]:So it's a win win. When When you figure out how to do that, not only do you get to invest in entrepreneurs that you believe in that are doing something that you're also passionate about, but you share in their success without all the risk of being that entrepreneur.Stuart Webb [00:30:09]:Karen, that is absolutely the right way to end this because you've talked about some things which I'm really passionate about myself, and that is do not start going down the path of starting your own business unless you love what you're doing. Find find ways of supporting those people who do love what they're doing and work with them because so many I find so many business owners who aren't ready to do that. And they do what I call the path of least assistance. They don't look for the assistance they need. They battle out on their own, and they get tired, and it becomes difficult. And I just want to help get out of that problem. But that's another podcast which we will not start now because that's gone for another two and a half hours. So let me just finish by saying, Karen, thank you so much for spending a few minutes with us.Stuart Webb [00:30:57]:Really appreciate it. Love the energy. Love what you've done. I'm just gonna ask everybody who's who's watching at the moment, please go to this link, which is systemize, systemise.me/subscribe. Please put your name, email address into that. It's a very simple just to form your first name, your your email. What I do is I send out an email once a week with who's coming onto the show so that you can hear the true gems that these people bring onto the show and really educate you on the way in which you could, one, get the sort of capital or whatever it is you need into your business to grow it, and two, how you can be more successful in your life. So Karen, thank you so much for spending a few minutes with us.Stuart Webb [00:31:41]:Really appreciate you spending a few minutes with us today. I just hope everybody goes to the, to the vault and gets that free stuff that you've been asked me about because they need to hear this great stuff from you. And I really, really want them to hear more from you. So thank you so much for spending some time with us.Karen Rands [00:31:56]:Yeah. Absolutely. I look forward to continue our conversation when I'm recording you and asking you the questions.Stuart Webb [00:32:02]:I'm looking forward to it as well. Thank you, Karen, and speak to you again soon.Karen Rands [00:32:07]:Alright. Thanks, Stewart. Bye bye. Get full access to It's Not Rocket Science! at thecompleteapproach.substack.com/subscribe

Many new investors and business owners are under the misconception that abundant cash flow is easily attainable. The episode highlights the reality that building cash flow takes time and strategic planning, often requiring substantial operational capital.Real estate can be a powerful tool for wealth creation through various avenues like appreciation and tax benefits, rather than just cash flow. The importance of building equity over time is emphasized as a crucial component of wealth building.Real estate should be viewed as a long-term investment strategy rather than a quick path to financial freedom. Aspiring real estate investors should have a stable income before heavily investing in real estate.Small business owners often face cash constraints and need significant operational capital to maintain and grow their businesses, which can delay personal cash flow.00:01 - Why Cashflow Isn't Everything08:53 - Building Wealth Through Real Estate Investing17:08 - The Challenge of Building Cash Flow21:07 - Lessons from Business and Taxes29:58 - Final Thoughts on Cashflow and Wealth About Jimmy VreelandJimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestateMore about JimmyWebsite: www.jimmyvreeland.comLinkedin: www.linkedin.com/in/jimmy-vreelandInstagram: www.instagram.com/jimmyvreelandFacebook: www.facebook.com/JimmyVreelandYoutube: www.youtube.com/@JimmyVreelandC>>>>>>Get free access to the private Ranger Real Estate facebook group

In this episode of Finding Discounted Property, Michael Pinter sits down with Daniel Brown, a Springfield-based investor who left a soul-crushing call center job to build a thriving real estate business. From reading Rich Dad Poor Dad to flipping deals and scaling up, Daniel shares actionable insights and mindset shifts that fueled his journey.

We'd love to hear from you. What are your thoughts and questions?In this episode of Streams to Impact, host Allen Lomax interviews Andrew Reichert, CEO of Birgo Realty, who shares his inspiring journey from humble beginnings to successful real estate entrepreneur. Andrew discusses his first investment, overcoming personal adversities, and how these experiences shaped his leadership style. He emphasizes the importance of aligning personal purpose with business goals, motivating teams, and the lessons learned from scaling a business. Andrew also reflects on the challenges of making tough personnel decisions and the legacy he hopes to leave behind.Main Points: Andrew's journey began with humble beginnings and a mindset shift from 'Rich Dad Poor Dad'.His first investment was a duplex bought with no money down, leading to a portfolio of 20 units.Adversity shaped Andrew's leadership approach, emphasizing resilience and alignment with purpose.Real estate is a means to impact lives, not just a business.The book 'Priorities on Purpose' outlines a system for living with clarity and focus.Understanding the 'who' is crucial for personal and organizational success.Birgo Realty focuses on acquiring multifamily assets in Heartland cities.Burnout can indicate misalignment in personal and organizational goals.Scaling a business requires breaking and rebuilding systems as it grows.Making tough personnel decisions is essential for organizational health.Connect With Andrew Reichert:areichert@birgo.comhttps://www.birgo.com/https://www.linkedin.com/in/andrewreichert/https://www.facebook.com/birgocapital/https://www.instagram.com/birgocapital/https://www.youtube.com/channel/UC6MJimZWRKjyBK7DI4ANCmw

In today's episode, I sit down with Sharon Lechter, financial literacy expert, bestselling author, and co-author of Rich Dad Poor Dad, to talk about fear, legacy, and taking control of your money. We discuss the power of Napoleon Hill's Outwitting the Devil, how fear influences our decisions, and what it takes to shift from scarcity to abundance. Sharon opens up about leaving a global brand, redefining success for women, and teaching others to build income-producing assets. We also look at why high earners often remain financially insecure and how small changes in mindset and language can lead to real financial freedom.

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What does it take to scale from buying single-family homes to managing over 1,500 multifamily units? In this episode, Charles Carillo speaks with Gary Jonas, founder of The HOW Group—a Philadelphia-based real estate firm focused on urban revitalization and value-add development. Gary shares how he transitioned from the mortgage industry into full-time real estate, the pivotal moment Rich Dad Poor Dad changed his mindset, and how he built a resilient business through partnerships, vertical integration, and disciplined risk management. You'll learn: Why single-family rentals may not scale the way you think The cash-out refinance strategy that accelerated his growth How to structure fair partnerships using a “contribution matrix” Lessons from buying into the top of the market How Gary unlocked $2M in building value—without new construction Why honesty, reserves, and investor trust are key during downturns Whether you're just getting started or looking to expand your real estate portfolio, this episode delivers tactical insights from someone who's scaled the right way. Learn more about Gary Jonas The HOW Group: https://thehowgroup.com Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/  ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

TakeawaysThe episode delves into the comparison between single-family and multifamily (syndication) real estate investments, highlighting that it's not a binary choice but one that depends on timing and personal preferences. It encourages investors to understand the wealth pyramid framework and the importance of creating value and productivity as foundational steps.There are various stages of wealth building using the producer framework, which include pre-launch (acquiring skills), launch (taking action), gravity (implementing systems for cash flow), and orbit (achieving passive income). The discussion emphasizes the significance of timing in choosing between single-family and multifamily investments.A comprehensive list of pros and cons for both single-family and syndication investments is explored. Single-family investments are praised for maximizing all four pillars and offering a higher learning curve, while syndications are noted for allowing fast capital deployment with less hands-on involvement.The wealth pyramid framework is introduced as a tool for understanding the hierarchy of financial strategies, from production and insurance to investment real estate and syndications. The episode challenges traditional financial planning by suggesting a more personalized approach to building wealth.00:00 - Wealth Building Strategy Comparison11:18 - Wealth Building Stages Framework22:47 - Syndication Investment Strategy Comparison28:47 - Investment Strategy About Jimmy VreelandJimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.Get in touch with Jimmy and his team at www.vreeland-capital.comMore about JimmyWebsite: www.jimmyvreeland.comLinkedin: www.linkedin.com/in/jimmy-vreelandInstagram: www.instagram.com/jimmyvreelandFacebook: www.facebook.com/JimmyVreelandYoutube: www.youtube.com/@JimmyVreelandC>>>>>>Get free access to the private Ranger Real Estate facebook group

It's such a popular book – tens of millions of copies sold – and yet, it's problematic in oh-so-many ways.  Biz Book regular, Ron Tester joins me to take a critical look at Robert Kiyosaki's Rich Dad Poor Dad. We explore the problematic tone, the questionable advice + the unfortunate revelation about the "rich dad" in the book. Despite its immense popularity, this book is very much not be the best source for financial education. Look for more shows in this Book Huddle strand where we share fabulous books + occasionally eviscerate almost-classics books  Books discussed in this episode: Rich Dad Poor Dad - Robert Kiyosaki Think and Grow Rich - Napoleon Hill Death by Meeting - Patrick Lencioni What to Expect When You're Expecting Ron's Website: rontestercoaching.com ==== If you'd like my help with your Business go to www.lizscully.com/endlessClients ==== And don't forget to get your reading list of the 10 essential reads for every successful biz owner - these are the books Liz recommends almost on the daily to her strategy + Mastermind clients. This isn't your usual list of biz books, these answer the challenges you've actually got coming up right now. Helpful, quick to read and very timely. Click here lizscully.com/reading to get your book list

Howie Mandel, the legendary comedian, actor, and entrepreneur, joins the conversation to share insights into his unique journey through business, mindset, and cutting-edge technology. Throughout the episode, Howie opens up about his approach to success, emphasizing the importance of decision-making, mindset shifts inspired by Rich Dad Poor Dad, and the value of doing work that genuinely excites you. He offers listeners a glimpse into his passion for real estate, smart investing, and taking steady steps towards their goals.A highlight of the discussion is Howie's involvement with Proto Holograms, the innovative company behind real-time holographic technology that's changing entertainment, medicine, and commerce. He explains how Proto's tech goes beyond traditional holograms like the Tupac Coachella projection, making immersive communication accessible to everyone. The episode closes with Howie's thoughtful reflections on legacy, encouraging listeners to live fully in the present instead of just waiting for the weekend.CHAPTERS01:12 - Welcoming Howie01:58 - The Game of Business and Success4:05 - Decisions Create Destiny5:24 - Taking One Step at a Time8:10 - Rich Dad Poor Dad & The Mindset of Money10:00 - Assets & Liabilities13:20 - Doing Work That Excites You14:39 - Everything is Real Estate17:22 - Investing in Company Who Produced Tupac Hologram20:00 - Proto's Innovation24:15 - Companies Utilising Proto's Technology25:15 - Howies Future Vision for Proto27:22 - What does Howie want his legacy to be?29:45 - Stop Living For The Weekend & Live NowConnect with Rudy Mawer:LinkedInInstagramFacebookTwitter

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 1683: Steve Chou explores the tension between academic achievement and entrepreneurial success, revealing how school systems often reward rule-following over risk-taking. He shares personal stories and insights to show why traits that lead to top grades can conflict with the mindset needed to thrive in business. Read along with the original article(s) here: https://mywifequitherjob.com/when-getting-good-grades-and-entrepreneurship-dont-mix/ Quotes to ponder: "School rewards you for following directions and doing exactly what the teacher tells you to do. But in entrepreneurship, you're rewarded for doing the exact opposite." "I was the stereotypical Asian kid who got straight A's, was obedient, and followed the rules. But when I started my business, these habits held me back." "In the real world, there's rarely one right answer, and success often depends on how you handle ambiguity." Episode references: Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131 Deep Work: https://www.amazon.com/Deep-Work-Focused-Success-Distracted/dp/1455586692 The Millionaire Fastlane: https://www.amazon.com/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/0984358102 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing gets real when you're managing Airbnbs, Section 8 rentals, and navigating unexpected drama along the way. Louisville broker Stacey Duvall shares how she built a thriving portfolio by treating tenants with respect, choosing the right properties, and never skimping on granite. She also breaks down why over-improving rentals can be your smartest move. And wait until you hear about the buyer who refused to close until a dead squirrel was removed from the street.   Key takeaways to listen for Why commercial zoning made Stacey's Louisville Airbnbs unstoppable How she overcame fear and bought her first investment property Why upgraded properties bring better tenants and fewer headaches Stacey's in-depth strategy that starts before a tour Why cash flow isn't everything and what else investors should measure   Resources mentioned in this episode CASHFLOW® Classic—How Fast Can You Become A Millionaire? Rich Dad Poor Dad by Robert Kiyosaki   About Stacey DuvallStacey possesses unique skills as a negotiator and communicator, two essential elements needed for a successful real estate transaction. She brings the ultimate level of knowledge and tenacity, making the home buying and selling process effortless for her clients. With her vast knowledge of the marketplace, she can provide top-quality service to buyers and sellers in all price ranges. Stacey is widely respected throughout the brokerage community and takes pride in offering the highest caliber of service available.   Connect with Stacey Website: Stacey Duvall Real Estate Email: Stacey@staceyduvall.com Phone: 502-905-7653   Connect with LeighPlease subscribe to this podcast on your favorite podcast app at https://pod.link/1153262163, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown. Sponsors"You Ask. Leigh Answers." Your Affordable Coaching ProgramHey there, real estate pros! Are you ready for some more Leigh Brown wisdom in your life? Then don't miss out on my brand-new program, "You Ask. Leigh Answers." It's your exclusive gateway to the insights and advice you need to supercharge your real estate business. With "You Ask. Leigh Answers." you get Direct Access to Leigh Brown, directly! Expert Coaching, Community Connection, and Extensive Resources. Whether listening to this on the go or watching at home, sign up today at Answers.RealEstate and take your business to the next level. Trust me, you'll be glad you did!

Understanding the five Fs: faith, family, friends, finance, and fitness. These elements are crucial in creating a balanced and fulfilling life. Prioritizing these areas can lead to a more holistic sense of success rather than focusing solely on one aspect.Success is not just about financial achievements; it's about maintaining a balance across various aspects of life. This approach helps in achieving sustainable and long-term fulfillment.By fostering a team environment that values diverse contributions, individuals can work towards goals that extend beyond just making money, leading to more innovative and meaningful achievements.Engaging in real estate can bring out and enhance one's inherent skills and characteristics. Knowing your purpose or "why" is essential, as it drives motivation and perseverance in the face of challenges.00:00 - Balancing Business and Personal Life12:09 - Holistic Approach to Success24:57 - The Importance of Work-Life Balance31:59 - Purposeful Pursuits45:02 - Real Estate Investing Success Strategy About Jimmy VreelandJimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.Get in touch with Jimmy and his team at www.vreeland-capital.comMore about JimmyWebsite: www.jimmyvreeland.comLinkedin: www.linkedin.com/in/jimmy-vreelandInstagram: www.instagram.com/jimmyvreelandFacebook: www.facebook.com/JimmyVreelandYoutube: www.youtube.com/@JimmyVreelandC>>>>>>Get free access to the private Ranger Real Estate facebook group

Andrew Freed turned one condo into a rental property portfolio that makes him $10,000 per month! Just four years ago, Andrew had little to his name—around $50,000 and a $200,000 condo. That's what a decade of working had gotten him, but to Andrew, it was a sign he wasn't doing enough. Like most real estate investors, Andrew stumbled upon Rich Dad Poor Dad and made an immediate change that would propel him to financial freedom. Four years later, he's there—quitting his job and going full-time into real estate. How did he do it? Simple. “Recycling” his money is what allowed Andrew to scale so quickly. A HELOC (home equity line of credit) on his condo gave him the money for his first small multifamily—a house hack that would help him live for free. With each new property, he'd get a new HELOC and use it to grow his portfolio even faster.  Now, Andrew has a sizable real estate portfolio, personally paying him six figures a year, while he focuses on the next property. If you want to quit your job and give real estate your all, you can do what Andrew did, recycling your money to build your wealth—and you can start with just a condo! In This Episode We Cover: How to use HELOCs (home equity lines of credit) to quickly fund your first real estate deal Using the BRRRR method (buy, rehab, rent, refinance, repeat) to buy rentals for essentially $0  The “sweet spot” multifamily properties that are easier to manage and boast big cash flow  How to take down huge real estate deals when you don't have the money  Why buying portfolios of properties (not single properties) is the cheat code for faster financial freedom  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a BiggerPockets Real Estate Guest Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations Get $100 Off BPCon 2025 Start with Strategy Rich Dad Poor Dad Real Estate Rookie 267 - 24 Units in 2 Years by Making Your Rentals Match the Market w/Andrew Freed BiggerPockets Real Estate 1085 - Making $200K/Year With the Least Amount of Rentals Possible w/Dion McNeeley Connect with Dave Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1111 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

TakeawaysBeginners should not concentrate solely on immediate cash flow in real estate investing. Instead, it's important to have a strong active income source first to effectively leverage real estate for addressing issues like leverage, taxes, and inflation.Real estate should be viewed as a long-term investment. The benefits of asset appreciation and strategic wealth-building are highlighted as being more significant than quick cash flow, especially for those with substantial active income.Strategies like cash-out refinancing are discussed as effective ways to build wealth over time. The episode explains how properties can appreciate in value while tenants pay down the mortgage, allowing investors to access equity tax-free.The importance of adopting a strategic rather than simplistic approach to real estate investing is underscored. Listeners are encouraged to join the Main Street Patriot Get Wealthy on Main Street Facebook group for further insights and to consider building a rental portfolio with expert guidance.00:00 - Cash Flow in Real Estate Investing11:44 - The Journey of Real Estate Investing24:58 - Real Estate Wealth-Maximizing Strategies33:38 - Real Estate Investment Strategies and Opportunities About Jimmy VreelandJimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business. Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses.Get in touch with Jimmy and his team at www.vreeland-capital.comMore about JimmyWebsite: www.jimmyvreeland.comLinkedin: www.linkedin.com/in/jimmy-vreelandInstagram: www.instagram.com/jimmyvreelandFacebook: www.facebook.com/JimmyVreelandYoutube: www.youtube.com/@JimmyVreelandC>>>>>>Get free access to the private Ranger Real Estate facebook group

This high school football coach grew a real estate side hustle over the past four years that now replaces his W2 income. He did it making a median salary, all while working his full-time job and raising his family. He didn't use flashy methods, risky strategies, or constant cold calling. Starting with around $30,000, Lamontis Gardner went from zero to 19 rental units in just four years and is STILL growing! After pandemic lockdowns left Lamontis with extra time and little work, he knew he needed to stop solely relying on his W2 income to fuel his life. Of course, Rich Dad Poor Dad found its way into his hands, and the real estate bug began. From there, Lamontis turned a lost deal into an opportunity to buy three duplexes from one owner. The problem? He only had a third of the money. It was time to partner up! After a home run first real estate deal that gave him a six-figure equity upside, Lamontis knew this was the path for him. Since then, he's been buying rentals, flipping houses, and doing whatever he can to reinvest in real estate, all while working his W2 job. Now, he's replaced his W2 income but is STILL growing his portfolio even in 2025's high-rate, “tough” housing market. Want to do the same? Copy Lamontis's strategy!  In This Episode We Cover How to invest in real estate when you don't have enough money for a down payment  Why you DON'T need to cold call in order to find great off-market real estate deals  The easiest (and most profitable) homes to flip that ANYONE can find on-market Why section 8 rentals are not what you think (and might be as good or better than regular rentals) When to flip vs. renovate and rent a house (telltale signs of a great flip/bad rental)  How Lamontis scaled to 19 rentals and multiple flips per year WITHOUT a big team  And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1108 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

From dreaming of NASCAR to navigating Northern Virginia's high-stakes real estate market, Brandon Lowkaran brings speed, smarts, and sincerity to every transaction. Listen in as he talks about market myths, money mindset, and how small shifts can lead to big moves in real estate. And just when you think it's all financial wisdom and buyer tips, wait until you hear about the buyer, the long-close nightmare, and the self-sabotage that nearly derailed it all!   Key takeaways to listen for Is Northern Virginia real estate really crashing or is that just internet noise? Why first-time buyers suddenly have more leverage than they've had in years Down payment assistance programs most buyers don't even know exist How Brandon's construction background gives his clients a serious advantage What most high earners still get wrong about money and how to avoid it   Resources mentioned in this episode CASHFLOW® Classic—How Fast Can You Become A Millionaire? VA Home Loans HOME Plus Program   Amazon books: Rich Dad Poor Dad by Robert T. Kiyosaki | Paperback   About Brandon LowkaranBorn and raised in Trinidad, Brandon began his career drafting architecture, then transitioned to project management and real estate consulting. Today, he raises capital for his investment fund using the same strategies he teaches. With hands-on construction and real estate experience, Brandon specializes in finding hidden deals and helping others build wealth. He lives in Northern Virginia with his wife, Cecelia, and their children, Bryant and Axel, and enjoys motorcycles and outdoor family time.   Connect with Brandon LinkedIn: Brandon Lowkaran Instagram: @thelowkarangroup Facebook: Profile for The Lowkaran Group TikTok: @brandonlowkaran YouTube: Real Estate Investing with Brandon Lowkaran Email: brandon@lowkarangroup.com Phone Number: 571-502-0782   Connect with Leigh Please subscribe to this podcast on your favorite podcast app at https://pod.link/1153262163, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown.   Sponsors Prioritize your sleep! Transform your nights with Cozy Earth's luxuriously soft, temperature-regulating sleep essentials. Because when you sleep well, you live well.    Visit CozyEarth.com and use my exclusive code REALESTATE for 40% off best-selling sheets, towels, pajamas, and more. And if you get a post-purchase survey, let them know you heard about Cozy Earth right here.