Podcasts about Rich Dad Poor Dad

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1997 book by Robert Kiyosaki and Sharon Lechter

  • 944PODCASTS
  • 1,909EPISODES
  • 35mAVG DURATION
  • 5WEEKLY NEW EPISODES
  • Jan 19, 2022LATEST
Rich Dad Poor Dad

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Best podcasts about Rich Dad Poor Dad

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Latest podcast episodes about Rich Dad Poor Dad

RISE UP with Dragon
EPISODE 77 - RISE UP WITH DRAGON - An Interview with Sharon Lechter

RISE UP with Dragon

Play Episode Listen Later Jan 19, 2022 46:15


So grateful for the opportunity to spend time deep diving with the Nightingale of empowering humans to greatness in Mindset and Financial success. Sharon Lechter is the Co-Author of the international bestseller Rich Dad Poor Dad, and 14 other books in the Rich Dad series. With over 10 years as the co-founder and CEO, she built the empire into the world's leading personal finance brand. In 2008, she was asked by the Napoleon Hill Foundation to help re-energize the powerful teachings of Napoleon Hill just as the international economy was faltering. Sharon has released three bestselling books in cooperation with the Foundation, including Think and Grow Rich-Three Feet from Gold, Outwitting the Devil and her latest project, Think and Grow Rich for Women, released in June of 2014. She is also featured in the 2017 movie Think and Grow Rich: The Legacy and has released the book Save Wisely, Spend Happily in cooperation with the American Institute of CPAs. Sharon is a highly sought-after mentor and has worked with major brands like Disney and Time Warner and served two U.S. Presidents as an advisor on the topic of financial literacy. Now, Sharon is back and playing big again, and she wants you to as well with the Play Big Movement. It's time to shed the limitations that have stopped you in the past. It's time to play big, master your money and time and create maximum impact. ASSETS AND ADVERTISEMENTS: Website: sharonlechter.com Personal Success Equation: Complimentary Guidebook to help people discover their own personal success equation. personalsuccessequation.com Money Mastery Course: https://mm.sharonlechter.com ATM: (Abundance, Tips and Mentoring) DAILY DEPOSITS: https://atm.sharonlechter.com

Millennial Investing - The Investor’s Podcast Network
REI105: House Hacking & Discipline Are The Way w/ Jason Peterson

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Jan 17, 2022 58:22


IN THIS EPISODE, YOU'LL LEARN:02:43 - How tragedy can actually be the start of something great.04:49 - How you can start investing with nothing.04:49 - Why real estate actually has a low barrier to entry.15:03 - What house hacking is.15:03 - Why house hacking is such a power strategy.37:32 - How to leverage lines of credit and the equity in your property to scale.42:06 - What seller credits are and how to use them.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more content from Robert.Learn about our Investing Starter Packs on real estate.Robert Leonard's book The Everything Guide to House Hacking.Gary Keller's book The Millionaire Real Estate Investor.Robert T. Kiyosaki's book: Rich Dad Poor Dad.Scott Trench's book: Set for Life.Jocko Willink's book: Discipline Equals Freedom: Field Manual.All of Robert's favorite books.Support our free podcast by supporting our sponsors.See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Eat clean 24/7, with fresh—never frozen—prepared meals that are so delicious with Factor. Use code wsb120 to get $120 off over your first 5 weeks of meals.Don't let anything interfere with your happiness or is prevent you from achieving your goals. Allow BetterHELP to help assess your needs and match you with your own licensed professional therapist. Get 10% off your first month!Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Connect with Robert: Website | Instagram | TwitterConnect with Jason: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Millennial Investing - The Investor’s Podcast Network
MI133: Retiring at 35 w/ Steve Adcock

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Jan 13, 2022 44:29


IN THIS EPISODE, YOU'LL LEARN: 02:28 - How Steve retired at 35 after living a somewhat luxurious lifestyle in his 20's.07:46 - How much Steve and his wife had saved prior to making the leap to early retirement.35:04 - The pros and the cons of early retirement.39:18 - What Steve's thoughts are on the follow your passion versus earn more money debate.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Morgan Housel's book The Psychology of Money.Robert Kiyosaki's book Rich Dad Poor Dad.Thomas Stanley and William Danko's book The Millionaire Next Door.JL Collin's book The Simple Path to Wealth.Related Episode: MI041: The Simple Path To Wealth w/ JL Collins.Related Episode: MI120: Bitcoin and Financial Independence w/ Jim Crider.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors.See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Get exclusive rewards and comprehensive benefits with Point Card. Membership starts at $99 a year and comes with unlimited cash-back on every purchase! Use promo code INVEST to get 25% off current membership fees when you create an account. Valid until January 31, 2022 only, so sign up now!Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Read this episode's transcript and full show notes on our website.Connect with Steve: Twitter | Instagram Connect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Living Off Rentals
#100 - Robert Kiyosaki - The #1 Personal Finance Book of All Time

Living Off Rentals

Play Episode Listen Later Jan 12, 2022 46:55


Joining me on the podcast today is the one and only Robert Kiyosaki, the author of "Rich Dad, Poor Dad," the most popular real estate investing book, and the number one personal finance book of all time. The book is sold in many languages and countries around the world. Robert is also a fellow military veteran. I had an instant connection with Robert the moment I read through the concepts in his book, and it totally opened up my eyes to the real estate investing world. The same is true with the majority of the last 100 guests that I've had on this podcast who pointed to "Rich Dad, Poor Dad" as the impetus for getting started. In this episode, Robert shares his journey from serving the military to becoming a prominent real estate investor and author. Robert also offers his perspective on the current real estate market and where things are heading. So, if you want to amp up your own rental property investing, this episode is for you! [04:57] What is it about "Rich Dad, Poor Dad" that it is the number one personal finance book [10:35] Robert's journey before and after serving in the military [14:12] The biggest lesson he learned serving in Vietnam that helped him later on in his investing career [17:10] What's the impact that Robert want to have by writing his book [21:15] His take on the new bill limiting self-directed IRA investing [22:52] Robert's insights on what is the right mix for people to be in the perfect portfolio based on all that's going on and with the economic environment [25:53] Why Robert became a real estate investor [32:26] Robert's tips to becoming crash proof in real estate [38:55] On what Robert would do with the knowledge he has given that he's starting over from scratch [44:01] Takeaways on Robert's new book, "Capitalist Manifesto: How Entrepreneurs Can Save Capitalism." Links:Rich Dad Poor Dad - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA  Capitalist Manifesto: How Entrepreneurs Can Save Capitalism - https://www.richdad.com/capitalist-manifesto  Robert Kiyosaki Instagram - https://www.instagram.com/therealkiyosaki/?hl=en Robert Kiyosaki Facebook - https://www.facebook.com/RobertKiyosaki    Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1  Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals  Living Off Rentals Website - www.livingoffrentals.com  Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Real Estate Success Strategies
EP 59: 12+ Deals In 7 Months (Ft. Tucker Pinyan)

Real Estate Success Strategies

Play Episode Listen Later Jan 4, 2022 24:29


Happy New Years to all of my amazing listeners! Today, we brought on Tucker Pinyan to share how he did 12+ real estate deals in about 7 months - all with one marketing strategy! If you are BRAND NEW to real estate investing, this podcast episode is exactly what you need! We discuss these topics: - How To Bet On Yourself - How To Find Success With One Marketing Strategy - What To Do If Other People Don't Support You - AND MORE! AND remember to SUBSCRIBE and LEAVE A REVIEW on the podcast for a chance to win a free ticket to the Simplified Investing Beach Bash that's taking place this month! About Tucker Pinyan: "My entrance into real estate came at a very young age. My father has had 1-off rental properties in addition to his W-2 job for most of his life. When I was 11 years old he bought his first 6-plex. I grew up doing the maintenance on this and throughout the following years, he acquired 3 more 6-plexes. When I was 16 years old my dad gifted me the book “Rich Dad Poor Dad” and I knew I wanted to be in real estate, I just didn't know how at the time. During my senior year of high school is when I first learned about wholesaling. I learned everything I could, but took no action. I really wasn't sure at the time if it was real. Right after highschool graduation I left for basic training and tech school for the Air National Guard. After 6 months, I completed my training and started attending Peru State College where I played basketball. It was in my dorm room late at night when I started researching real estate again. Not too long after, I bought my first rental property in Peru which I went on to house hack. A year later I bought another rental in Peru. Because housing was so cheap in this small town it was easy to afford the downpayment. I wasn't exposed yet to other methods of buying real estate with little to no money. As my love for real estate grew, so did my curiosity. I went back to youtube and learned everything I could about wholesaling and finding discounted properties. But still, I took no action. I wanted to get into flipping houses so I thought the best way was to learn everything I could about construction. After my second year at Peru State, I left back to my hometown in Lincoln, NE. I got married shortly after and started working construction for another house flipper. Working this job really motivated me to escape the 9-5 work week. After working there about a year I decided to give real estate everything I had. I started marketing consistently and started to see the fruits of this. Once I got my first deal I never looked back. I got another a couple weeks after and then things started to roll from there. I quit my w-2 shortly after and went full time into real estate. Now, about 7 months since closing my first deal, I have done 12 deals in all. These have been a combination of wholesale, wholetail, and fix and flips. My goal moving forward is to continue growing this business and I am very excited for what the future holds!" Follow Tucker On Instagram: www.instagram.com/tuckerpinyan

Best Real Estate Investing Advice Ever
JF2676: The Key to Maximizing Profits with Asset/Liability Management | Actively Passive Investing Show with Travis Watts

Best Real Estate Investing Advice Ever

Play Episode Listen Later Dec 30, 2021 12:32


In Travis Watt's experience coaching and mentoring others in passive investing, he finds that there is one fundamental piece of advice that many investors fail to follow. In this episode, Travis shares his personal philosophy combined with Robert Kiyosaki's method from Rich Dad Poor Dad for approaching asset and liability management. Want more? We think you'll like this episode: JF2468: Following the Cash in Asset Management with Dave Sherbal Check out past episodes of the Actively Passive Investing Show here: bit.ly/ActivelyPassiveInvestingShow. Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Millionaire Secrets
Learn How To Exit Rich and Build Your Legacy | SHARON LECHTER | Unlock Your Potential #188

Millionaire Secrets

Play Episode Listen Later Dec 29, 2021 58:51


Do you want to work until you're 65? Or do you want to build a successful business that allows you to live your life? Building a business to work forever is not the same as creating a business that allows you to exit rich at your own time. Our special guest for this episode, Sharon Lechter, joins us to share with us her advice on business and finance to create a sustainable, profitable, and successful business. Sharon Lechter is a businesswoman, accountant, and author who has written at least seven books with Robert Kiyosaki, including Rich Dad Poor Dad. She's also released 3 bestselling books in cooperation with the Napoleon Hill Foundation. Now, with her latest book, Exit Rich, Sharon shares a must-have guide for all business owners alongside the 6 P Method to help them objectively assess the value of their business. Create the life you've always wanted!

Bekaar Muchatlu
Rich Dad - Poor Dad

Bekaar Muchatlu

Play Episode Listen Later Dec 24, 2021 9:39


Being poor or rich is not just about your situation it's about your mentality. --- Support this podcast: https://anchor.fm/bekaarmuchatlu/support

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

On September 29, 1959, Nikita Khrushchev said, “Your children's children will live under communism. You Americans are so gullible. No, you won't accept communism outright, but we will keep feeding you small doses of socialism until you will finally wake up and find you already have Communism. We will not have to fight you; We will so weaken your economy until you will fall like overripe fruit into our hands.” George Gammon takes over the host seat in this special episode of The Rich Dad Radio Show to interview Robert Kiyosaki about how he sees the United States slipping into Communism. Robert Kiyosaki, the best-selling author of the book Rich Dad Poor Dad, says, “Marx's complaint is that capitalism will turn the bottom half into poverty, how capitalism will screw employees and those in the S-quadrant via taxes.” George Gammon, the host of the Rebel Capitalist podcast says, “Our economy is completely dependent on the asset prices that are in the 401k, so if the 401k crashes as a result of assets, that means the entire economy crashes and that goes back to what Marx was saying.”  Listen as George Gammon and Robert Kiyosaki swap seats to discuss the release of Robert's latest book, Capitalist Manifesto, and how many of Marx's “predictions” in Communist Manifesto are coming true.  Pre-order your copy of Capitalist Manifesto: https://richdad.com/capitalist-manifesto Learn more about your ad choices. Visit megaphone.fm/adchoices

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

On September 29, 1959, Nikita Khrushchev said, “Your children's children will live under communism. You Americans are so gullible. No, you won't accept communism outright, but we will keep feeding you small doses of socialism until you will finally wake up and find you already have Communism. We will not have to fight you; We will so weaken your economy until you will fall like overripe fruit into our hands.” George Gammon takes over the host seat in this special episode of The Rich Dad Radio Show to interview Robert Kiyosaki about how he sees the United States slipping into Communism. Robert Kiyosaki, the best-selling author of the book Rich Dad Poor Dad, says, “Marx's complaint is that capitalism will turn the bottom half into poverty, how capitalism will screw employees and those in the S-quadrant via taxes.” George Gammon, the host of the Rebel Capitalist podcast says, “Our economy is completely dependent on the asset prices that are in the 401k, so if the 401k crashes as a result of assets, that means the entire economy crashes and that goes back to what Marx was saying.” Listen as George Gammon and Robert Kiyosaki swap seats to discuss the release of Robert's latest book, Capitalist Manifesto, and how many of Marx's “predictions” in Communist Manifesto are coming true. Pre-order your copy of Capitalist Manifesto: https://richdad.com/capitalist-manifesto

Threefold Real Estate Investing
When Your Wife Identifies More with the "Poor Dad" with Lee and Hannah #79

Threefold Real Estate Investing

Play Episode Listen Later Dec 21, 2021 36:01


Do you have a spouse who relates more with the "Poor Dad"? Who would rather live a predictable, secure, and "safe" life, rather than a life that has some risk and a lack of predictability? A spouse, who after reading Rich Dad Poor Dad said, "No thanks!"? Well, I DO! Welcome my beautiful wife, Hannah Yoder, to the podcast! This podcast is unique, in that, we dig deep into our real estate story from beginning to present, discuss all that we've learned along the way, and give a shout out of hope to other listeners who may have a spouse who hasn't quite come to their senses yet :). Stay tuned until the end, when we give our best advice and reveal what we have done to maneuver through our differences and allow God to work in us and our marriage. Can't wait for you to listen to this one! Merry Christmas, Threefold listeners! Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: info@threefoldrei.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad

Real Estate Breakthrough
#128: Jen Maldonado- Don't Focus on the Process, Focus on the End Goal

Real Estate Breakthrough

Play Episode Listen Later Dec 20, 2021 36:46


"One of the things I did good was build relationships and a relationship that was adding value. It was never about what I can get, it was always about how can I help?" -Jen Maldonado Today I am interviewing Jen Maldonado who I have known since 2012. She is a professional Capital Raiser, Investor, Entrepreneur, High Performance Coach and is one of the Executive Leaders and Speakers for WREN Inspires. As a mentor and coach, Jen has inspired and helped jumpstart womens investing careers all over the country. She was interviewed by the Huffington Post in 2015 for her inspiration, consulting practice and how she has helped people strive and create wealth using real estate. In 2019 she co authored the book "You Got This!," in collaboration with other women investors taking charge in the real estate field. She is a speaker and can be found on many podcasts and interviews as well as hosting events at real estate clubs and teaching workshops.  Jen Maldonado: Was an engineer at Nestle before she made the decision to become an entrepreneur. She wanted to decide who and what she spent her time on and went into real estate dabbling at the many options it had to offer. After a deal gone wrong, Jen found herself in a position where she thought she would need to return to work. At a meeting the day before an interview, she met someone that told her about capital raising. The next day she made a few phone calls and had closed on a deal, granting her the strength to turn down a job and continue her journey in real estate.    TOPICS COVERED IN THE EPISODE: What was Jens reasoning for wanting to get into real estate  What is WREN Inspires  How was it transitioning from corporate to entrepreneur  Rich Dad Poor Dad, the purple bible  The importance of freedom of time  Ways to find a different path  When and how was Jen introduced to capital raising  What does a Capital Raiser do How to avoid the shiny objects in real estate and focus on one thing  How losing a deal propelled Jen onto her own path  What happens when you dont structure a deal properly  Using other people's money  How quickly do you learn what not to do  The development of strong relationships  Using risk assessment  Why Jen only does deals that create impact How to avoid putting people in the wrong investments    Listen now on Spotify or Apple iTunes or watch on Youtube to find out how Jen found her Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find out more about Jen here:  Website JenMaldonado.com Instagram @investwithJenMaldonado 

Millennial Investing - The Investor’s Podcast Network
REI101: Become A Better Reader To Improve Your Investing w/ Alex Wieckowski

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Dec 20, 2021 65:03


IN THIS EPISODE, YOU'LL LEARN:05:35 - Why you should actually quit books and how to do it.09:44 - How to find more time to read and how to read any book in one week.14:18 - Why reading a lot of books isn't necessarily a good idea.29:00 - How to find great books to read.48:16 - Bad reading habits you developed during school and how to unlearn them.49:57 - How to take notes while reading.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more content from Robert.Learn about our Investing Starter Packs on real estate.Robert's (Possibly) favorite book of all time.Ryan Holiday's book Daily Stoic.Robert Kiyosaki's book Rich Dad Poor Dad.Gary Keller's book The Millionaire Real Estate Investor.All of Robert's favorite books.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Switch to Mint Mobile and get premium wireless service, starting at JUST $15 bucks a month, and get the plan shipped to your door for FREE.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Impress your audience and yourself. Enjoy presentations for free with Canva.Read this episode's transcript and full show notes on our website.Connect with Robert: Website | Instagram | TwitterConnect with Alex: Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Gold Collar Investor
TGCI 169: From Aspiring Actor to Full Time Syndicator w/ Matt Picheny

The Gold Collar Investor

Play Episode Listen Later Dec 20, 2021 34:39


In today's show, Pancham interviews Matt Picheny - aspiring actor-turned-full time investor, operator of thousands of apartment units, and founder of Picheny. From bagging Tony Awards® as co-Producers of the Broadway shows Moulin Rouge! and American Utopia and investing in broadway productions, he is now back in this show as a full-time investor and the author of his upcoming book “Backstage Guide to Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Toward Positive Change''! In this episode, Matt is back as he shares his transition from being an actor, then working in the tech industry, and finally learning about syndications. He'll also provide insights on his book as he tackles his catalyst on why he started writing one, why it's easy to understand (even for beginners!), and real estate concepts that you can look out for! Listen and enjoy the show!   Quote: “It really opened my eyes to real estate and the power of real estate. I was like “Wow! I need to do that again. I need to figure out how do I start doing this.” Timestamped Shownotes: 1:26 - Pancham welcomes back Matt to the show 4:43 - How selling his old apartment got him to see the power of investing 10:26 - How the Rich Dad Poor Dad audiobook and Hamilton soundtrack's “My Shot” pushed him to scale up to multi-family syndications 16:27 - On making complex real estate concepts easier through his book 24:21 - Biggest takeaway aspiring investors could get from his book 28:32 - Taking the Leap Round 28:32 - How setting goals helped him live a purposeful life 29:37 - Why The Creature from Jekyll Island provided an impact on his life 31:54 - How launching his own book helped him get out of his comfort zone 32:41 - How you can get a copy of his book “Backstage Guide To Real Estate” 3 Key Points: Investing through multifamily syndications is ideal since it is scalable - unlike in single-family homes wherein it might be quite hard to scale up your investing business. His book would help investors understand the concepts of investing and could relate to anyone as it starts with his journey and goes through a guide of sizing up syndications. You shouldn't trade your time for money as you could always generate money but you couldn't always produce time. Get in Touch: Get a copy of his book “Backstage Guide To Real Estate: Produce Passive Income, Write Your Own Story, and Direct Your Dollars Toward Positive Change.” at backstage@thegoldcollarinvestor.com Matt Picheny Website - https://picheny.com/ Listen to Matt's previous guesting in TGCI #22 at https://thegoldcollarinvestor.com/tgci-22-investing-in-broadway-shows/ The Gold Collar Investor Club - https://thegoldcollarinvestor.com/club/ Books: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin - https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X

Next Level eCommerce
(Favorite) How To Apply Rich Dad Poor Dad's Lessons As An eCommerce Entrepreneur - Matt Scott

Next Level eCommerce

Play Episode Listen Later Dec 14, 2021 57:21


For many, Robert Kiyosaki's book Rich Dad Poor Dad opened our eyes to entrepreneurship.  But what can you learn by revisiting the book?Guest Matt Scott has built a successful ecommerce business.  In planning for his family's future, he's gone back to Rich Dad Poor Dad and the follow up, Cashflow Quadrant.He shares how he's starting to put those lessons into practice in his business.Listen to find out how.Show notes:http://nextlevelecommerce.coGet your no-cost bookkeeping strategy session with Isaac here:www.nextlevelecommerce.co/booksWant to exit your eCommerce business? Sell it to Ian Bond and his investors.Contact Ian - ianbond@professionalwebsiteinvestors.com

One Rental At A Time
Millionaire Next Door, Rich Dad Poor Dad & One Rental at a Time. Which Book Helps You Move Forward?

One Rental At A Time

Play Episode Listen Later Dec 13, 2021 19:09


*NEW ITEM!* Purchase my newest book! "15 Conversations with Real Estate Millionaires" https://amzn.to/3CGOWOU

BiggerPockets Money Podcast
257: 20 Year-Old Minimum Wage Marine with $850k in Real Estate

BiggerPockets Money Podcast

Play Episode Listen Later Dec 13, 2021 86:31


We have a lot of impressive guests on the show, and they just seem to get younger with every new episode. You've heard the stories of people in their twenties buying rentals, people in their thirties hitting coast FI, and people in their forties and beyond making many, many millions. But, what about a marine recruit, making a low salary, buying more than $800k in real estate within his second decade on earth? Now that sounds like an interesting story.Jabbar Adesada fits the bill exactly! After moving in with his father, he was given strict instruction to read books like Rich Dad Poor Dad, I Will Teach You To Be Rich, and Automatic Millionaire. Jabbar decided to put down his NBA/med school dreams and open up a brokerage account. Lucky for him, right around the time he started investing was the 2020 stock market crash, giving him all the discount he needed to make his first profits.After running some “when will I be a millionaire?” scenarios, Jabbar realized that real estate, and not the stock market, was the best path to financial independence. Jabbar shares the story of how he was able to find funding, a down payment, and a property that would allow him to house hack, Craige Curelop style. Not only that, Jabbar just closed on a short-term rental in the Smoky Mountains, which puts his real estate portfolio north of $800k! Let's mention this again: He's twenty years old! In This Episode We CoverWhy early financial education can make or break your child's path to successThe best finance books that you (or your child, cousin, niece, or nephew) should read Why crashes aren't a sign to panic, but a sign to buy moreHouse hacking at a young age, and how to get pre-approved for loans without an extensive job history Having an “obsessive mindset to be wealthy” and using it to help not only yourself but othersPracticing delayed gratification and building a brighter future with each investmentAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Get Your FILL
Find Your Treasure in Panama!

Get Your FILL

Play Episode Listen Later Dec 13, 2021 40:55


Do you want to invest in real estate but are discouraged by the crazy US market? Evie Brooks to the rescue. Evie shares her experience with real estate investing in Panama and how it can be a way to financial independence for you! Evie's website: https://eviebrookspanama.com/ Listen to the podcast: https://anchor.fm/get-your-fill From Evie Brooks: Having been in all roles of Ex-Pat relocation, Immigration and EB-5 Plan B and alternatives to the long, expensive and tedious process of attaining residency in the US, Canada and other countries, Commercial Real Estate and Investing since early 1990's, my work has taken me all over the world. As a educator and keynote speaker for CBI and RBI Programs, real estate investing, real estate educating, cryptocurrency conferences, and so many more, I have worked with the accredited investors to the beginning real estate aspiring student. I taught with the Rich Dad Poor Dad organization until 2014, mentored many wanting to get a second residency and/or citizenship and have personally invested in multiple states in the US and Central America. My focus since 2012 has been primarily in Panama Central America with opportunities becoming very aggressive. Anyone interested in investing in Real Estate Internationally and/or becoming a ex-pat to relocate from any country in the world to Panama are elated when finding the friendly and welcoming environment offered in Panama for multi-national companies to the individual home buyer as well as the RBI or CBI program . With the expansion of the Panama Canal in June 2016, the growth is exponential in all areas from banking, economy, housing, real estate and business opportunities. Let us help you with "All Things Panama" regarding visa's for residency or citizenship, relocation, housing, investments, business establishment, organic farming opportunities and so much more. My recent journey over the last six years has taken me into opportunities in PANAMA. I travel yearly to multiple countries from Scotland, London, Belize, Columbia, Mexico, Dominican Republic, Canada, Vietnam, South Korea & the US assisting those wanting to diversify their real estate portfolio & relocate to a new country. In addition, I am expanding our investment opportunities once again into the oil country in the Dakotas in the US. We are here to help!

Real Estate Investing For Professional Men & Women
Episode 121: Becoming a Successful Real Estate Investor, with Reed Goossens

Real Estate Investing For Professional Men & Women

Play Episode Listen Later Dec 8, 2021 33:22


Reed Goossens' real estate investing journey first started back in 2009 when he picked up the little purple book “Rich Dad Poor Dad” by Robert Kiyosaki. This book opened his eyes to a world of entrepreneurship that he was not aware existed. Up until this point, he was a subscriber to the conventional 9-5 career path. Something inside of him didn't want to comply with conventional norms, and that he knew he had more to give in his life than just sitting in a cubicle for the next 50 years of his life. He wanted to take control of his life and Rich Dad Poor Dad was the book that changed it all. His background is in civil/structural engineering and he has over 9 years of professional experience before taking the plunge full time into real estate investing and development. In his former engineering life, one of the career highlights was being involved with the infrastructure development of the 2012 Summer Olympic Games in London. He has also worked all over the world as an engineer including in Australia, NYC, Los Angeles, Fiji, and Europe. He moved to the US in 2012 for the love of two things: Firstly, his wife (at the time his GF) and secondly the big apple, NYC! Within the first year of living in the US  he had purchased his first duplex for $38,000. This experience taught him a lot about the benefits of investing in cash flow here in the US. Barriers to entry are a lot lower compared to his homeland of Australia. Since this time,  he has gone on to start two multifamily syndication investing firms that have been involved in the acquisition of over $500 mill worth of real estate to date. He has also launched the podcast  Investing in the US, wherein he interview the cream of the crop within the real estate industry to better educate other investors who want to break into the US market and start investing in multifamily real estate today! What You Will Learn: Who is Reed Goossens? How did he become a Real Estate Investor? Reed shares how he creates his own successful business ecosystem. What is syndication? Personal stories and Branding is the best way to grow your business. Reed introduces his team, his partner in his success. How he makes money in land re-entitlement? Reed shares how he can be contacted. Additional Resources from Reed Goossens: Websites: www.reedgoossens.com, https://podcasts.apple.com/us/podcast/investing-in-the-u-s/id1071004776, https://www.amazon.com/Investing-US-Ultimate-Guide-Estate/dp/1731042779 Phone: 1-3235191111 LinkedIn: https://www.linkedin.com/in/reed-goossens/ Facebook: https://www.facebook.com/reedgoossenspage Instagram: https://www.instagram.com/reedgoossens Youtube: https://www.youtube.com/channel/UCuFEo0AYNmKTM4Fx3zbfQAw

Multifamily Investing Made Simple
Top 10 Real Estate Investing Books

Multifamily Investing Made Simple

Play Episode Listen Later Dec 7, 2021 40:57


For today's episode, we are going to dive into the 10 best real estate investing books.We've read literally a lot of books out there on the subject of real estate investing. These are the 10 best + 1 bonus. The audible version Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications is LIVE!! Sign up for Audible Free Trial[00:01 – 09:47] Bad Investing Advice: Debt Is The Enemy![09:48 – 13:51] Book #1: Rich Dad Poor Dad[13:52 – 16:40] Book #2: The Millionaire Real Estate Investor [16:41 – 18:31} Book #3: Rich Dad Advisors: ABCs of Real Estate Investing[18:32 – 20:39} Book #4: Rich Dad Advisors: The Advanced Guide to Real Estate Investing[20:40 – 22:23} Book #5: The Book on Managing Rental Properties[22:24 – 26:10} Book #6: What Every Real Estate Investor Needs to Know About Cash Flow[26:11 – 29:21} Book #7: Rich Dad Advisors: Tax-Free Wealth[29:22 – 31:02} Book #8: Best Ever Apartment Syndication Book[31:03 – 32:49} Book #9: Raising Capital for Real Estate[32:50 – 36:06} Book #10: Passive Investing Made Simple[36:07 – 39:52] Closing With Book RecommendationReal Estate Finance and Investments Risks and Opportunities"I really want to drive this home the telling your brain that you can't do something versus asking your brain, How would I do? This is such a game-changing mindset shift." – Anthony Vicino"Still, like ABC's is the shallow end of the kiddie pool, and advanced is the deeper side, but it's the same pool, so it's going to feel like a lot of the same stuff." – Anthony Vicino"It's always the best way to test your knowledge of something. Just try to teach somebody else." - Dan Krueger "The tax piece seemed like it would be the most boring part. In reality, it was one of the most powerful parts and one of the most exciting parts." - Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Real Faith Stories
76: Following Your Divine Passion - Leigh Archer

Real Faith Stories

Play Episode Listen Later Dec 2, 2021 32:06


Leigh and his wife Becca literally sold everything (house, cars, even their kid's bikes) and moved to Prague in the Czech Republic as missionaries. Yet, over time Leigh couldn't shake this deep passion for business and the potential impact it could have on the lives of others. 10 years later, he's now the managing partner of a private equity group in Texas that's having a profound impact on the communities in which they invest. Still a missionary, just a different mission field found by following his divine passion. Meet Leigh: https://www.realfaithstories.com/guests/leigharcher Leigh's Website: https://www.keycitycapital.com/ Books Mentioned by Leigh: Grit: The Power of Passion and Perseverance (https://www.amazon.com/Grit-Passion-Perseverance-Angela-Duckworth/dp/1501111108) Outliers: The Story of Success (https://www.amazon.com/Outliers-Story-Success-Malcolm-Gladwell/dp/0316017922/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1638372500&sr=1-4) Rich Dad Poor Dad (https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194/ref=tmm_mmp_swatch_0?_encoding=UTF8&qid=1638373020&sr=1-1) Find out More About the Real Faith Stories Podcast: http://www.RealFaithStories.com Meet the Host of Real Faith Stories: http://www.BrianRobinson.co Special Guest: Leigh Archer.

อ่านแล้วอ่านเล่า
อ่านแล้ว อ่านเล่า - EP.221 รู้แล้วเหยียบไว้มหาเศรษฐีคนต่อไปคือคุณ

อ่านแล้วอ่านเล่า

Play Episode Listen Later Dec 2, 2021 15:52


The Talk With a Mediterranean Rich เป็นเรื่องราวการพบพานระหว่างมหาเศรษฐีคนหนึ่งกับผู้เขียนนับตั้งแต่พวกเขาพบกันครั้งแรก กระทั่งถึงปัจจุบันที่มีทั้งหลักการใช้ชีวิต หลักการลงทุนที่บอกเล่าอย่างสนุกสนานสำหรับคนที่ฝันว่าอยากเป็นเศรษฐี หนังสือเล่มนี้จะทำให้คุณได้รับแรงกระตุ้นใหม่ๆอีกครั้ง และสำหรับคนที่ยอมแพ้กับเส้นทางเศรษฐีหนังสือเล่มนี้จะเป็นกลไกให้คุณได้พบกับจุดเปลี่ยนอันทรงคุณค่า โดยเราอาจเรียกได้ว่าเป็น Rich Dad Poor Dad ในเวอร์ชั่นเกาหลี ที่อ่านเข้าใจง่ายแต่มีสาระ บทสนทนาระหว่างผู้เขียนกับเศรษฐีเมดิเตอร์เรเนียนนั้นเหมือนแทนตัวเรากับผู้ใหญ่ที่อาบน้ำร้อนมาก่อน คำสอนของเศรษฐีฯ ชวนให้ฉุกคิดและย้อนพิจารณาตัวเอง โดยมีบทสรุปคำสอนในบทนั้นๆ ประมาณ 2-3 หน้าปิดท้าย ที่เราจะได้เรียนรู้คำสอนต่างๆไปพร้อมๆกับผู้เขียน --- Support this podcast: https://anchor.fm/readtotell/support

10 Million Journey
#200: Danny McMillan - Deep Dive Into A9 Algorithm Using Research Papers

10 Million Journey

Play Episode Listen Later Nov 25, 2021 68:54


My guest today is one of the most trusted voices in the Amazon Space. Danny McMilan. Danny is host of Seller Sessions podcast, which to be honest is one of my favourites. They interview best in the industry and bring unbiased Amazon news. Danny and his team recorded over 700 episodes, which blows my mind. One of my favourite episodes was recently when Danny spoke to Amazon rep and shared some findings how our Seller Central tickets are processed., I will leave a link down below. Today we are going to talk about Danny's entrepreneurial journey, as well as discuss the Amazon A9 algorithm and how to rank products in late 2021. Links from the episode:  Seller Sessions Podcast - https://podcasts.apple.com/us/podcast/seller-sessions Jungle Scout - https://www.junglescout.com Databrill - https://www.databrill.com The Joy of Ranking Products by Daria Sorokina - https://www.youtube.com/watch?v=NLrhmn-EZ88 Amazon Science - https://www.amazon.science Granularity Guru - http://granularityguru.com   Podcast Danny Recommend: Jocko Podcast by Jocko Willink - https://jockopodcast.com The Joe Rogan Experience by Joe Rogan - https://open.spotify.com/thejoeroganexperience   Books Danny Recommend: “Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not” by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Dad?tag=10mj-20 “The Power Paradox: How We Gain and Lose Influence” by Dacher Keltner - https://www.amazon.com/The-Power-Paradox?tag=10mj-20 “The 48 Laws of Power” by Robert Greene - https://www.amazon.com/48-Laws-Of-Power?tag=10mj-20   Connect with Danny: LinkedIn: https://www.linkedin.com/in/dannymac Facebook: https://www.facebook.com/danny.mcmillan Instagram: https://www.instagram.com/dannymac Twitter: https://twitter.com/dannymac Podcast: https://podcasts.google.com/feed/ YouTube: https://www.youtube.com/SellerSessions/videos Company Websites:  Seller Sessions - https://sellersessions.com/ DATAbrill - https://www.databrill.com/   Want to sit down with Anatoly 1 on 1 ? Even though I keep saying I AM NOT A GURU, many of you ask to sit down and pick my brain. I have decided to do a 1h HELP calls. There are 2 purposes: 1st to support you in your journey and second also to be able to break even on the production of this podcast (each episode editing, marketing, guest research etc takes about $60 - $150 to produce). Now you can schedule 1h with me, and we can talk about launching products, hiring, product research, keywords, mindset, how I did an Ironman or anything at all. Link is here - https://calendly.com/anatolyspektor/anatoly-connsulting-1h    ANATOLY's TOOLS:   Product Development: Helim10 - I use it for  Product Research, Keyword tracking and Listing Optimization .  SPECIAL DEAL: Get 50% your first month or 10% every month: http://bit.ly/CORNERSIIH10  Pickfu - I use it for split testing all of my products and for validation ideas .  SPECIAL DEAL: First split test 50% 0ff  https://www.pickfu.com/10mj   Trademarking: Trademark Angels - For all my trademarking needs.  SPECIAL: Mention Anatoly and 10MJ podcast and get 10% Off your trademark.   HR: Fiverr -  I hire my 3dMockup person and images label designer here on Fiverr - http://bit.ly/10mjFIVERR Upwork - I hire people long term on Upwork - upwork.com  Loom.com - for creating SOP's, I record everything on Loom and give to my VA's Keepa.com - to track historical data such as prices   ANATOLY's  3 Favorite  Business Books: DotCom Secrets by Russel Brunson - I think this is a must read for every online entrepreneurs - http://bit.ly/10MJDotCom 4 hours work week by Tim Ferriss  - This book changed my life and made my become an entrepreneur - http://bit.ly/10MJ4WW The Greatest Salesman In The World  by Og Mandino - Old book but it goes to the core of selling -  http://bit.ly/10MJGREATSM    DISCLAIMER: Some Links are affiliate, it costs you nothing, but helps to keep this podcast on the float   Have questions? Go to https://www.10millionjourney.com Follow us on Instagram: @10miljourney

Who Ya Know Show
Sharon Lechter Part 2 | Who Ya Know Show #288

Who Ya Know Show

Play Episode Listen Later Nov 22, 2021 27:43


Sharon Lechter is a financial literacy expert, keynote speaker and a New York Times Bestselling author w/over 30M+ books sold!She has advised two US Presidents on the topic of financial literacy & co-authored the international bestseller Rich Dad Poor Dad.Her best-selling books include:• Three Feet from Gold• Outwitting the Devil• Think and Grow Rich• Success and Something GreaterSharon's newest title, "Exit Rich" supports entrepreneurs in building value & scalability so they can be in the position of their greatest potential.

Who Ya Know Show
Sharon Lechter Part 1 | Who Ya Know Show #288

Who Ya Know Show

Play Episode Listen Later Nov 22, 2021 23:21


Sharon Lechter is a financial literacy expert, keynote speaker and a New York Times Bestselling author w/over 30M+ books sold!She has advised two US Presidents on the topic of financial literacy & co-authored the international bestseller Rich Dad Poor Dad.Her best-selling books include:• Three Feet from Gold• Outwitting the Devil• Think and Grow Rich• Success and Something GreaterSharon's newest title, "Exit Rich" supports entrepreneurs in building value & scalability so they can be in the position of their greatest potential.

Be the Solution with Maria Quattrone
Season 8, Episode 8: Guest: Elizabeth Faircloth: Why Balance is So Important

Be the Solution with Maria Quattrone

Play Episode Listen Later Nov 22, 2021 62:44


Liz was born and raised in a middle-class family in New Jersey where her home was filled with love but going out to dinner was a big deal.From an early age, Liz has always wanted to serve others and even went to a graduate school program to become a social worker. While studying to become a social worker, Liz's brother in law who was the only entrepreneur she had ever met, handed her "Rich Dad Poor Dad." This changed the trajectory of Liz's life forever.Over the next couple of years, she started learning as much as she could. After a year of taking courses and hundreds of attempts to get an offer accepted, Liz's boyfriend at the time (now husband) purchased their first investment property a duplex with none of their own money since they did not even have the money. Liz started in her 20s not knowing anything about investing, business, and no money to invest. Now, 16 years later, Elizabeth's team owns and manages millions of dollars of real estate. What most people don't know is that this evolution came with a lot of lows, loss, heartache, and challenges.As someone who was not handed anything she has today, Liz has learned a ton of lessons from not giving up to managing the balancing act of life as a woman. Liz is constantly working at balancing all the priorities of her life from being a mom of young children to a wife & biz partner with her husband to taking care of herself. It has not been easy so that is why she and Andresa created their InvestHER community. In this episode, Maria and Liz discuss the importance of balance in life and work and how that helps shape you as a person in every role you endure.

Money Monopolizers Podcast
Episode 111: Own Nothing, Control Everything - How to Achieve Financial Freedom & Make 7 Figures through Short Term Rental Arbitrage with TJ Tijani

Money Monopolizers Podcast

Play Episode Listen Later Nov 18, 2021 82:23


It's evident what separates the good from the great when you have conversations with the great. After chopping it up with TJ Tijani this episode, it's easy to see how he's found success in everything that he's pursued!TJ found his niche in real estate after reading Rich Dad Poor Dad by Robert Kiyosaki and has never looked back ever since! Even as a six figure earner in a comfortable lead engineer role, he still had a vision for achieving time freedom through real estate investing.His niche and strategy in short term rentals has allowed him to add excellent cash flowing deals to his portfolio and it's continued to expand into larger end deals such as his current boutique hotel development project.If you'd like to follow TJ, follow him on IG @tjtijani .If you enjoyed this episode please rate it 5 STARS on Apple Podcasts, share it with anyone you think should hear it, and subscribe to our podcast!If you're looking to get started investing in real estate, check out the real estate course, How to Acquire Your First Flip or Rental Property: https://gum.co/firstrealestatedealIf you'd like to achieve early financial freedom, learn how you can by starting with the car in your driveway with the Rebus Rental Car eBook! https://www.rebusrentalcars.com/ebookYou can learn more about us and order your Money Monopolizers merchandise at www.moneymonopolizers.comBe sure to follow us on social media!Instagram: @moneymonopolizersYouTube: Money MonopolizersTwitter @TheMonopolizers

Money with Mission Podcast
Passive Income for Doctors with Tom Burns

Money with Mission Podcast

Play Episode Listen Later Nov 17, 2021 18:59


This episode is for any professional who spends their time for money. Whether you are a doctor, lawyer or executive, without passive income, most of your time will be spent making money instead of enjoying your life. Dr. Tom Burns is an entrepreneur, an orthopedic surgeon and currently a physician for the United States Ski Team and travels worldwide with them. He has over 25 years of real estate experience involving acquisition, development and management. In addition to co-founding and managing a freestanding full service hospital, he has owned and developed property locally and internationally and participated in the acquisition and development of over $400 million dollars of real estate. He is also listed in the acknowledgement section of Robert Kiyosaki's book, Rich Dad Poor Dad, and he's the author of Why Doctors Don't Get Rich, a personal finance guide for doctors and other professionals.Tom talks about how he learned that having passive income gave him options to practice his profession as he wanted. Hear how reading Robert Kiyosaki's book and playing the Cashflow Game changed how he views money and how he's helping others do the same.  Plus, you'll learn what Tom is doing with his time and money to help change the world. Get Tom's Bonus Chapter, 7 Steps to Creating Wealth on a Busy Schedule Connect with Tom!Rich Doctor Facebook GroupLinkedIn Facebook

Pillars Of Wealth Creation
POWC #429 – Top Ten Real Estate and Mindset Books

Pillars Of Wealth Creation

Play Episode Listen Later Nov 17, 2021 12:40


Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. In this episode, Matt talks about the top ten real estate investing and mindset books he recommends to taking your business to the next level. Recommend books: 1. Rich Dad Poor Dad by Robert Kiyosaki 2. How to Win Friends and Influence People by Dale Carnegie 3. Psycho-Cybernetics by Dr. Maxewll Maltz 4. Think and Grow Rich by Napoleon Hill 5. Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks 6. Who Not How by David Sullivan 7. Long-Distance Real Estate Investing by David Greene 8. The Go-Giver by Bob Burg 9. Unlimited Power by Tony Robbins 10. Never Split the Difference by Chris Voss and Tahl Raz Bonus: Book About Real Estate by Matt Jones Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

The Remote Real Estate Investor
How Rachel Richards made enough passive income to retire at 27

The Remote Real Estate Investor

Play Episode Listen Later Nov 17, 2021 31:01


Rachel Richards is an author and real estate investor that came from humble beginnings and 'retired' at the age of 27. Rachael demistyfies the overwhelming, intimidating and complex world of personal finances to making simple, fun and accessible.   In this episode, Rachel shares her story of how she got started as a financial advisor, lauched into real estate, scaled up to 40 doors and built a diversivied portfolio. Rachel's Site: https://www.moneyhoneyrachel.com/ Rachel's free passive income starter kit: https://www.moneyhoneyrachel.com/bonus Rachel's Book: https://amzn.to/3kFzKej  --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Rachel: What's up everybody, Michael Albaum here with the remote real estate investor. Today with me I have an amazing guest, Rachel Richards, she is a best selling author, finance guru, real estate investor, former financial advisor, professional speaker just did amazing all around person. And she's gonna talk to us today about all of those topics and more. So let's just jump right into it.   Rachel Richards, thank you so much for taking the time to hang out with me today. I really appreciate you coming on.   Rachel: Yeah, thank you for having me. I'm excited.   Michael: Oh, me too. So I mean, for those of our listeners who don't know you, I know you as a best selling author, finance guru, real estate investor, former financial advisor, professional speaker. I mean, is there anything that you haven't done?   Rachel: Well, I appreciate that you make me sound really good. So I don't know.   Michael: You have seemingly accomplished so much in the financial and real estate space. I would love if you could give our listeners a little bit of background on who you are, what you've done, and then what you're currently doing in real estate.   Rachel: Yeah, for sure. I started as a finance nerd at a pretty young age. I still am a nerd to this day and proud of it. But I grew up in a household where money was always a stressor. And so at a pretty young age, I was motivated to turn things around for myself and become financially independent, and went to college, I became a financial adviser. I'm kind of giving you the high level story. But I read Rich Dad Poor Dad in high school. And that was the first thing that yeah, that turned me on to real estate investing. So I always knew that was going to be my path.   I didn't know about all these other passive income streams yet. And my eyes opened on passive income a little bit later. But I knew real estate investing was one of the key pathways for myself. So I did start investing in real estate with my husband in 2017. I also self published my first book money, honey that year. And we had these two passive income streams, rental income and royalty income. And we focused on growing those as much as we possibly could over the next few years. So fast forward to 2019. So within the span of two years, we had accumulated almost 40 rental doors, six buildings, almost 40 doors, and we've grown our passive income streams, yeah, to over $10,000 per month. So by then I was able to quit my job. We were financially independent. And that is where we are today.   Michael: Oh, my gosh, well, there is a lot to unpack there. That's incredible. So taking a few steps back, do you think that you became a financial advisor because of that angst you were feeling at home. And that's never something you never want to worry about money. So you said if I can get as educated as I can about it, it'll be easier for me.   Rachel: I think there were a few reasons I became a financial advisor. That's definitely one of them. One of them is because my parents were really struggling with money. And I wanted to help them. And for some reason, I felt like I needed to have the credibility of calling myself a financial advisor to finally be like, okay, look, I'm taking over your finances. We're going to get you out of debt. We're going to turn this around, and I'm going to finally manage your money for you.   So I did that. And we did help them and they're doing way better now than they were this was like a decade ago. So that was one of the reasons was to help them. And another reason is because I had the passion for helping people manage their money, I was obsessed with learning about how to invest in the stock market. And the third reason is because I sold Cutco cutlery in college. Have you heard of Cutco knives? By any chance?   Michael: Yeah, I've heard of it. Is that the door to door selling?   Rachel: Yeah, it's like a direct sales company. So it's high quality knives. And of course, when I when I took this job, I had graduated from high school. I was terrified at the idea of taking out student loans because I had read enough books. I knew enough to be hesitant at the thought of that. And I'd seen what student loan debt had done to other people and how crippling it could be. So I was really scared of student loans. I didn't want to take on debt. And my parents were not able to help me pay for college whatsoever. It felt like all my friends I grew up in this really wealthy bubble and I felt like all my friend's parents were paying for their school and good for them, but I was kind of having to pay for it on my own.   So I took this job selling knives. And it was the first time I've been exposed to something where the harder you work, the more money you make. And I knew I could outwork anybody. So I sold knives my mom was less than thrilled about The idea of me selling sharp objects to family and friends, but that's what I did. I sold Cutco. I set sales records, and I paid my way through school and I graduated completely debt free, which is one of my proudest accomplishments. And because of the sales experience, and my passion for helping people with money, I figured becoming a financial adviser was my dream job. And that would be the perfect fit for me. I was wrong about that. But that was my thought at the time.   Michael: Good for you, Rachel. That's incredible. That's really, really incredible. So now you became,   Rachel: Thank you.   Michael: Yeah, you're most welcome. So now you've become a financial advisor, you are looking to help people with money, and their finances. And so I'm curious, where do you see real estate fit into that picture, because I know a lot of financial advisors and a lot of them push products that they make Commission's on or push more passive investments in the stock market. So curious to know how you blended the two for professional level as well as in the personal level, you investing in real estate and seeing how impactful it can be.   Rachel: Yeah, and honestly, that was one of the things that I found disenchanting about the financial advising industry is how financial advisors are incentivized. And they you know, they want you to sell certain products to people that maybe are not in their best fit. So I didn't last very long in that industry, I think I was only a advisor for almost a year, actually. But I always had the dream of becoming financially independent. And so I knew that working in a job where I was trading, my time for money was not the way to become financially independent. So that's where real estate investing made a lot of sense to me, I knew this was something that could be a passive income stream, if I did it the right way. You know, I always tell people, you don't want to have this huge rental portfolio and quit your job to become a full time landlord, right? That's not the goal.   So you have to do this, and you need to have a property manager, that's one thing that will help it become passive. And even with a property manager, there's always going to be an aspect of manage the manager. So it's not going to be perfectly passive. But it is a lot more passive than a nine to five job, or working a sales job or working as a financial advisor.   Michael: Yeah, nice.   Rachel: So it was always my goal to start investing in real estate. And doing that on the side. And my husband, I hadn't met Andrew yet my husband as a financial advisor, but I did meet him later. And together, we wanted to get to this $10,000 A month mark, because I think at the time, our expenses were like $6,000 a month. So it felt like we could cover our expenses and still have a lot of money to save. And just to back up, let me just define what passive income is or the way that I define it. I define passive income as money that is earned with little to no ongoing effort. There are not many things that are truly 100% passive, except for portfolio income.   Most passive income streams will require you to work a few hours a month or a couple hours a week to maintain them. But again, it's a lot more passive than working 40 hours a week as a full time salaried employee.   Michael: Yeah.   Rachel: And the epiphany that we had several years ago, is that once your passive income exceeds your living expenses, you're retired, you're financially independent. So once we realize that it was just this, this constant urge to have enough passive income to cover our living expenses. And even more because we wanted buffer room, we wanted to keep saving money. So that's why we came up with that $10,000 A month goal.   Michael: Love it. Love it. And so you started investing in rental properties in 2017, you said, and two years later, you've got 40 doors under your belt, which is unbelievable. So I'm curious to know, how did you get your start? And what led you or what allowed you to kind of take that first step? Because I think so many of our listeners, and so many beginning investors get plagued by analysis paralysis. So how did you do it?   Rachel: Yeah, that's a great question. And I'm glad you asked when people hear that I went from zero to almost 40 doors and under two years, the first thing they asked me is like, Are you a trust fund, baby. So I always like to clarify right off the bat. I'm not a trust fund baby. I never made six figures actually, from a job or a career. I started off as a financial advisor making $36,000 And my next job I was making $32,000. In my next job I was making $42,000. So by no means was I was making some huge salary to achieve this. We were kind of making average salaries, but working really hard and being frugal and being thrifty in order to accomplish what we accomplish. So always put that out there first. There was a lot of fear, for sure, in that first rental property, and there was a lot of discouraged discouragement along the way. So the first duplex we had been searching for months and months and months to find this first duplex that we invested in. We started looking in early 2016 I think, and I'll back up with a quick story of who was working for at the time.   I was working for this woman who was a very emotionally abusive boss. And I was overqualified for this job, I was underpaid. This is one of the most condescending people I've ever worked with. Like, I just I've never seen an adult person, treat another adult person this way in my life. She regularly made her employees cry. She just made people feel stupid. So it was an awful work experience. Yeah. And there was just this one time where she made me cry. And I was I went to the bathroom to clean up and I just looked at myself in the mirror, I was 23. At the time, I looked at myself in the mirror, and I just decided, I am so sick of this. And I am never going to let another employer treat me this way again. And I'm never going to be financially constrained, again, where I feel trapped in a job, and I can't leave because of finances.   And I remember feeling like I'm so sick of myself, I'm sick of talking about investing in real estate. I'm sick of complaining about this job and not doing anything about it. So it I had this enough is enough moment, where yes, it was a low point for me. But also the silver lining of that is that I finally started to take action. And I finally realized, I'm done with this, I'm going to start taking action, I'm going to get serious, and I'm going to buy my first rental property. And I share that because I think you have to almost have that moment and have that mental jump, where you just decide, okay, I'm going to do this because I'm sick of hearing myself talking about it. Or I'm sick of like living in fear or living in the what ifs or you know, what if I lose money, what if this bad thing happens? What if it doesn't go right? It's like, you just have to take the first step.   So I had that moment, I started to take action, we started to look for rental properties. It took a long time, way longer than I thought. And I think most first time investors experienced this. We put offers on properties. We had a an accepted contract on a property and it fell through. And so there were so many times we're like, this just isn't going to work. And we taught we told ourselves, Well, you know, this works for some people. Clearly, this just isn't meant to be.   Luckily, we got through that. And we kept looking and we didn't let it completely discourage us. And we finally found this duplex. And by then the great news was we'd analyze so many properties that we recognized, this is such a good deal. And we were able to take really quick action, make an offer on the property and close on it. And we were really confident in it because we you know, we made other offers on properties. We'd had accepted contracts, and it was to this day, the best deal we've ever done.   Michael: No way   Rachel: Saw it. We we recognized it. And we we took quick action. Yeah, I mean, the I think we have like a 25% cash on cash ROI or something something. It's at least 25%. So   Michael: That's incredible.   Rachael: That's how we got our first duplex. Yeah, it's crazy. Yeah.   Michael: And so you said that you were facing a lot of headwinds and discouragement and mental hurdles and physical obstacles. How did you and I imagine you're working with your husband at this point, right?   Rachel: Yes.   Michael: How did you know and how, I mean, how did you go about analyzing properties? Was it hey, we've just seen this enough times to kind of know what we're looking for. Did you have a mentor or coach kind of walk you through or somebody more experienced that was able to guide you or were you kind of figuring it out on your own?   So by then, I had taken a couple different jobs in the real estate industry. I partnered with somebody who flipped houses and I learned a lot from him. This job that I'd worked at with this abusive boss, she was a realtor and I was her admin assistant. So I did learn a lot from her as well. I read a lot of books. So one of the best books I read to help me with analyzing rental properties is the book hold by Steve Shader and then the McKissicks, Jim Melinda McKissick. Okay, that was a great book for me to learn how to analyze properties. So I was just kind of going off of what I learned myself to that point and using my own spreadsheets.   Michael: Love it. So you got a kick butt deal. That was your first one down. And then the next just started falling down like bowling pins, and it was a pretty sequential, it sounds like it happened fairly quickly over the span of two years.   Rachel: Yes, it did happen quickly. I'm happy to get into the numbers too, because a lot of people were like, how did you come up with all these down payments if you weren't doing house hacking, because we came up with 20% and down payments, one after the other, which was quick and it was a lot of money. So the first duplex was $100,000. That was the list price. We we had a few advantages going for us that allowed us to save money, first of all, so we both graduated without debt, I sold knives. My husband's a veteran and he used his military benefits for his college.   So we graduate without debt. That was a big advantage because even though we started out not making six figures and I never made six figures my husband did eventually even though We started off not making six figures, we could save a lot a large portion of our salary. Back when I was making 36 grand, I was saving 50% of my income. I was living off something like $1,500 a month.   Michael: Holy smokes.   Rachel: Yeah, in Louisville, Kentucky. I mean, it was very bare bones, I was very, very frugal. So because of that it only took me a few years to save up a decent chunk of money that I could invest into real estate. And then obviously, Louisville, Kentucky is where we invested, it's a great place to invest low cost of living. It's an affordable city. So the duplex we found was 100 grand. So those were some of the advantages that we had. And that's how we came up with the downpayment for that first duplex by 2017, we both had $10,000, we saved and we pulled together to get to the $20,000 downpayment. That's how it started.   Now how we scaled, we did a couple things. First of all, we did not give into lifestyle creep. So those few years leading up to that we were very frugal, we made a lot of sacrifices, we weren't going out to eat with friends, we weren't partying on the weekends. I mean, we were working full time jobs, we were acquiring rental properties. On the weekends, I was starting to write my book in the evenings, we were just working and hustling. It's not like we had these really cool lives or anything. So we made a lot of sacrifices. And after we bought that first property, and we were cash flowing $500 a month in profit, it would have been really easy for us to turn to each other and high five and just decide, wow, now we can really live it up, we have $500 a month, we can increase our quality of life, we could get a new car, we could do whatever.   But we didn't, we decided we're gonna save 100% of this cash flow. And we're gonna reinvest this into the down payment for the next property. So that was one thing we did, we didn't get into lifestyle creep. And the second thing, this is really the key for us. We I had my real estate license, I did not have it for the purpose of having clients. But it was just for my own purposes and representing us as the buyer's agent on the deals. So we would deplete our savings completely to buy the for the downpayment and to buy the property. But then I would be the buyer's agent on the deal, we would represent ourselves. And I would immediately get a commission check back for 1000s of dollars, sometimes it would be 10 grand depending on how much the property was.   So that would be an immediate boost that would help us save for the down payment for the next property. And by then to by 2017, my husband was making six figures. So you think about a 50% savings rate on our combined income. And those other three things that cashflow we kept generating from every successes, successive rental property, the Commission's from the real estate license, we were able to have some very, very fast momentum where we could come up with down payments, one after the other and scale very, very quickly. So that's how we did it.   Michael: That is so cool. That's so cool. Rachel, a question for you kind of about mindset. And how do you square saving so much of your income and being so frugal when it sounds like a lot of your friends and circle may not have been? I mean, it was that hard, like just emotionally to get through?   Rachel: It was definitely challenging. It was definitely challenging. I think from a young age, though I've always had this mindset of, or I always recognize that doing the opposite of what most people do tends to be more successful, I guess I don't know if that's the best way of putting it. But I always was like, I'm going to do the opposite of what most people are doing.   Michael: Yeah.   Rachel: And I was always able to, I guess delay gratification or just keep that motivation in front of me and stay very, very disciplined. So it was difficult. I remember there were times working when I did work in corporate finance eventually. And I remember my coworkers would invite me to lunch. And I always packed my lunch. And so the first few times they invited me out to lunch, I would eat my lunch first and I would join them because I didn't want to miss out, I would want to network and I would want to go to lunch with them because I liked them. And so I would say yeah, I'll go to lunch. And then I would go and just drink water. And so I would explain to them, you know, sometimes I would say I'm just trying to be healthy, or I'm on a diet or sometimes I'd be like, I'm just trying to save money. I would always tell the truth, whichever it was, but…   At first I think they probably thought it was weird. Not that they ever said that. Right? But then they got used to it. And they knew that if they invited me to lunch, I was gonna come and not eat and they were always supportive. And luckily, I've always had very supportive people in my life that helped me along the way. But yeah, I mean, you just have to get used to kind of being the oddball out because it is kind of weird. You're not getting the new car and you're not getting the new house but you know that in the end, you're going to have a lifestyle that's going to be freedom and travel and way different than than what anybody else can experience. until you know that it's going to be worth it. And if you can focus on that, it'll make all those sacrifices in between a lot easier.   Michael: Totally. I forget who said the quote, but it's something to the effect of live like no one now. So you can live like no one else later.   Rachel: Yes. That's a great one.   Michael: Oh, that's awesome. And I totally hear you. Because I mean, coming from a guy who lives in a van with his dog and wife, I totally get the doing the opposite of what everyone else does.   Rachel: Yes, I try to still live by that, especially with investing in the stock market, too.   Michael: Oh, okay. So that's actually a really great segue for something I wanted to chat with you about. So what is your take on the stock market? I mean, is that is that an asset class that you believe in that you invest in to get diversified? Talk to me about that?   Rachel: Yeah, for sure we invest in a stock market. I think the more diversification, the better. So we invest in the stock market, we invest in real estate. And within real estate, we do all kinds of things multifamily self storage, you know, we own direct rental property. And then we have syndications. And then we have REITs, and other types of real estate investments. So I always think the more you can diversify yourself, the safer your portfolio is, stock market investing, I think is an absolute must for everybody. My husband still works a W2 job, even though we're financially independent, he loves his job, he loves what he does. So he has a 401k that we max out every year. And we still have old IRAs that are invested in the stock market.   I am a big believer that what is boring, ends up being sexy in the long term. So we invest mostly in index funds and ETFs. And long term investing, most of the time, I'm not caught up in how the Dow has performed today, or how the S&P is performing or what's going on in the stock market, because I don't look at it. The way I approach the stock market is that it's none of my business. I know that in the long term, it's going to take care of me and that in the long term, the stock market has always gone up, it's going to be volatile, day to day, week to week, month to month, year to year, but over the decades, my money will go up as long as I keep it invested. So I don't think I've ever sold anything I've invested in. And I've started investing at the age of 18. So I'm like 11 years in now.   But that's how I've approached it. I don't invest in crypto, it's not because I don't believe in it. It's just that I haven't had the time to fully educate myself on crypto, and to fully understand it. And if I don't 1,000% understand something, I don't invest in it. It's as simple as that. And I would tell anybody that if you don't understand something completely don't invest in it.   Michael: That's a great tip. That's a great tip. So Rachel, I'm curious to know, because you used to work as a financial advisor, what did you see your really successful clients doing? And where were they investing?   Rachel: Yeah, the I would say the successful clients. I mean, I was a fee only advisor, first of all, so I was advising my clients differently than what other people were doing. I would say that my most successful clients were doing what I told them to do.   Michael: For someone who might not be familiar with the financial advisement world, what is a fee only advisor? And how is that different than some of the other fee structures out there?   Rachel: Yeah, it's really important that clients understand how their financial advisors are being paid. So if you're looking to work with a financial advisor, you definitely need to advocate for yourself and ask, Hey, how are you being paid, what's your pay structure, there's three ways financial advisors are paid. Number one is commission based, that means they're being paid a commission based on the products that they sell to you. That's not a good thing normally, because that means they might be incentivized to push products on you that might not be in your best interest. Number two would be a fee based advisor, which means they could be paid still commission some of the times and fees other times.   And then number three is a fee only advisor. And this is the best way. This would be somebody that is paid, for example, 1% of the assets under management. So they're paid based off of like a fee of your portfolio, or it could be an hourly fee. And this is the one that's the most in alignment with with your values, because the more money you make, the more money they'll make. So that's something you want to ask them, you also want to make sure that they're a fiduciary, that means that they are obligated to act in your best interest and look out for your best interests as your advisor.   Michael: So what you're saying is that there can be licensed and registered financial advisors that are not fiduciaries.   Rachel: Correct.   Michael: That's mind blowing.   Rachel: It is, isn't it and people don't know that. I didn't even know that until I was a financial advisor.   Michael: Wow.   Rachel: And so yeah, there you can have all these certifications and licenses and still not be upheld as somebody that is legally obligated to act in your clients best interests.   Michael: Wow. Okay, well, you have just armed all of our listeners with a Fantastic question. If they're chatting with financial advisors, and it's as simple as argue a fiduciary   Rachel: Mm hmm, that's right.   Michael: That's great. That's great. Okay. And then so getting back to to what you were saying previously about that the most successful clients you had were the ones that listened to your advice, what advice were you giving them?   Rachel: It was, it came down to the same things that I do with my own portfolio, investing in the long term, investing in the, you know, the boring things that I say in quotes, index funds, ETFs. But the thing is, when you invest a lot of your money in the stock market, it can be very scary and emotional. The most successful clients were the ones who did not panic and sell at the wrong time. Because when the stock market's going down, your instinct is to sell and you want to get out and you want to make sure you're not going to lose any more money.   The thing is, though, when the stock market's going down, you don't actually have a loss, right? It's a theoretical loss, you don't actually have a loss until you sell and then you've actually realized that loss, you make that loss real. If you don't sell, the loss isn't real yet. And if you look at the stock market over time, you see that it's always gone up. So if you can just hold out, you just if you can suppress the panic and the fear. And if you can hold out and keep your money in the stock market, even invest more in the stock market, because the stocks are on sale if the stock market has gone down. And if you can just wait that out, it will go back up, it always has in the long run. So the clients that were able to manage their emotions Well, during those times of panic and fear. Those are the ones who did the best in the long run.   Michael: Yeah, that makes total sense. So Rachel, would you say that it's a fair expectation of someone to have have their financial advisor to have the advisor help them manage their emotions and kind of coach them through the highs and the lows of those emotional roller coasters?   Rachel: I think so. Yeah, I think a good financial adviser would do that. And when you're looking for somebody, that's another question to ask. I've seen good financial advisors who set expectations helped manage their clients emotions through the when the markets very volatile. So I think absolutely, and again, this all comes back to the concept of doing the opposite of what everyone else is doing. So when you successfully invest in the stock market, if everyone's hopping on the latest trend and buying the latest crypto, then it could be a signal not to do that. Or if everyone's panicked and selling in the stock market is going down. That could be a signal not to sell. If you do the opposite of what everyone else is doing that can end up being very successful for you.   Michael: Okay, I want to shift gears entirely here and talk about the book that you wrote. Because again, just another notch in your belt, another accolade you have, it's called Money Honey, why did you write it? Who did you write it for? And what can people expect to get out of it if they end up purchasing in a reading it?   Rachel: Well, thank you for asking money, honey was a complete surprise for me because it was it was something I was just doing as a passion project. And when it took off the way it did, I was shocked. But I started writing it in 2017, because I was a former financial advisor and all my family and friends came to me for financial advice, which I loved. And I also began to wonder, well, why aren't they reading books like I did? You know, why aren't they learning on their own? And then I had this aha moment where I realized, oh, yeah, personal finance is boring. It's overwhelming. It's intimidating. It's complex. No wonder, no wonder people don't like to learn about it.   So I thought to myself, How can I make this topic sassy, and simple and fun. And that's where the idea for money honey came from. And the words kind of poured out of me at first, it was something I was really excited to do, just something I felt compelled to do. So I self published the book in September of 2017. And like I said, to my surprise, it just took off immediately. It really resonated with female millennials. And it teaches the basic topics of personal finance, budgeting, savings, stock market, investing, debt, it touches on insurance and taxes as well.   So that is what somebody would get out of it. And it's yeah, like I said, it's done well has over 1100 Amazon reviews now and it just sells more and more every year. So it just blows my mind.   Michael: Right on. And where's the best place for someone to pick up a copy of the book?   Rachel: It's on Amazon, and it's in ebook paperback and audiobook formats.   Michael: Right on, Rachael, this has been so amazing. I really, really appreciate you coming on here. And you're just like a Swiss army knife. Like you just got so many facets to you and so much experience that I love and I know our listeners will love. If people want to learn more about you find out more about your story. Where can they get ahold of that type of stuff?   Rachel: Thank you. I appreciate it. My website is Money Honey, Rachel calm, and my Instagram is money. Honey Rachel and what I would love to do for your listeners is, if anyone wants to download my passive income starter kit, I will give that for free so you can go to moneyhoneyrachel.com/bonus to download that.   Michael: Amazing. Thank you so much. We will definitely link to all of that in the show notes here. Who Rachel, thank you again. This has been so much fun and I wish you the best of luck and hope to stay in touch.   Rachel: Thank you so much for having me.   Michael: Already, everybody that was our episode a big big, big thank you to Rachel. It was so much fun as super insightful. We covered a ton of topics. I am definitely gonna be getting a copy of her book here shortly. If you enjoyed the episode, feel free to leave us a rating or review wherever you listen to your episodes. And as always, we look forward to seeing the next one. Happy investing

ABOUT THAT WALLET
S2E18: [Courtney Matthews] Confidence

ABOUT THAT WALLET

Play Episode Listen Later Nov 16, 2021 28:51


We talked about Taxes, starting a Tax business, accounting, confidence, employing children and more on the About That Wallet Show with @mcoretax @taxcoachcourtney. #mcoretax #confidence #aboutthatwallet =|| Books Mentioned ||= #ad Rich Dad Poor Dad - https://amzn.to/3b2o9Sk #ad The Big Leap by Gay Hendricks - https://amzn.to/3niM0mT THANK YOU FOR LISTENING! Continue to support the show by subscribing, sharing and leaving comments on your favorite platforms. This help others like yourself find me. ________________________________________________________________________________ SPONSORS: DISCLAIMER: these are sponsored links in which I get paid and you can benefit for being a listener to the podcast. Start your investment journey with free stocks! https://aboutthatwallet.com/webull Gain access to over 55,000 training videos to increase your skillset: https://aboutthatwallet/offers #ad Buy it on Amazon: https://amzn.to/3tiWXW8 __________________________________________________________________________________ Follow Me: Main page: https://www.aboutthatwallet.com Instagram: https://www.instagram.com/aboutthatwallet/ Special Offers: https://www.aboutthatwallet.com/offers Listen to the podcast on your favorite listening platforms such as Apple, Google, Spotify, Amazon and more!! -- DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. --- Send in a voice message: https://anchor.fm/aboutthatwallet/message Support this podcast: https://anchor.fm/aboutthatwallet/support

Millennial Investing - The Investor’s Podcast Network
REI096: Flipping & Wholesaling w/ Derrick Acuff

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Nov 15, 2021 54:49


IN THIS EPISODE, YOU'LL LEARN:1:36 - Why did Derrick make the transition into real estate full-time and what has it been like for him? 13:32 - What was his strategy when he first started in real estate, how has that evolved, and what is he working on now?16:03 - What wholesaling is and why you could start it without a lot of money. 31:17 - When closing deals, how can new investors get over their fear of being nervous? 38:56 - What are some of the real estate horror stories Derrick experienced and how he got through them?And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more FREE content from Robert.Get a FREE audiobook from Audible.Read the 9 Key Steps to Effective Personal Financial Management.Check out our Investing Starter Packs about business and finance.Learn about our Investing Starter Packs on real estate.Derrick Acuff's Youtube channel. Jeff Olson's book The Slight Edge.Robert Kiyosaki's book Rich Dad Poor Dad.Ryan Pineda's book Flip Your Future.Antoine Martel's book A Millennial's Guide to Investing in Cash Flowing Rental Properties.Alan Corey's book House FIRE.David Greene's book Buy, Rehab, Rent, Refinance, Repeat.Find great markets to invest in with Wiserei.Real estate education platform BiggerPockets.All of Robert's favorite books.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Make it simple to hire and manage remote employees across all 50 states with Justworks.Launch, build, and manage a profitable business on Amazon with Helium 10. Sign up now for a free account!You can get a complete home security system starting at just over $100. There are no long-term contracts or commitments. It's a really easy way to start feeling a bit more peace of mind. Get 50% off your next order at SimpliSafe.com/MillennialImpress your audience and yourself. Enjoy presentations for free with Canva.Transform how you drive business results and connect with customers with Snap AR.Read this episode's transcript and full show notes on our website.Connect with Derrick: Website | Instagram | TikTokConnect with Robert: Website | Twitter | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wholesaling Inc
WIP 814: How to Say Goodbye to Your 9-5 and Have Full Time Income With Wholesaling

Wholesaling Inc

Play Episode Listen Later Nov 8, 2021 31:02


Whether you're brand new to real estate investing or looking for a refresher - this podcast with your host Lauren Hardy is sure to keep you entertained and engaged. Join Lauren Hardy as she interviews Steve Trang, a real estate investor who dropped his job as an engineer at the age of 27 to concentrate full time on real estate. Since then he's been able to create a financially free lifestyle from real estate investing. Listen as they cover behind the scenes of real estate wholesaling and Steve's journey into real estate that started with rental properties and eventually led to wholesaling. This episode also covers his expertise in making deals, making money, growing his businesses, teaching others, and living out his dreams through his wholesaling success. RESOURCES: Lauren Hardy Shares How She Did 55 Virtual Wholesale Deals in 2019 Rich Dad Poor Dad by Robert Kiyosaki Keyword Spy Real Estate Disruptors Real Estate Disruptors Podcast with Steve Trang The Ultimate Sales Training The Disruptor Selling System Follow Steve Trang on Instagram Virtual Investing Mastery

Moonshots - Adventures in Innovation
Robert T. Kiyosaki: Rich Dad, Poor Dad

Moonshots - Adventures in Innovation

Play Episode Listen Later Nov 7, 2021 63:02


Robert Kiyosaki's Rich Dad, Poor Dad is one of the best-selling financial books in history. It tells the story of a boy with two fathers, one rich, one poor, to help you develop the mindset and financial knowledge you need to build a life of wealth and freedom. The two dads are a parable for two different approaches to wealth: Poor Dad recommends getting a secure job with good benefits and retiring with a pension. Rich Dad recommends amassing assets that make money for you, becoming financially literate, and practicing independent thinking.In his book, learn how to achieve financial independence, why it's a terrible idea to see your home as your biggest investment, and how to overcome the biggest mental blocks to becoming wealthy.

Millennial Success Podcast
#33: Building a Real Estate Empire with Kenneth, Kerwin, and Jeffery Donis

Millennial Success Podcast

Play Episode Listen Later Nov 3, 2021 43:01


This episode covers the Money and Purpose categories.This episode is not with one guest, but 3! The Donis brothers (Jeffery, Kerwin, and Kenneth) are all in their early 20s who grew from brothers to partners in their ever growing real estate empire. Their whole driving force is to retire their single mother who worked so hard to raise them while working full time. The Donis Brothers investment group started out with wholesaling, and had to deal with a TON of rejection. They each cold-called 10 hours a day for 6 months without getting a deal. That's over 3,500 hours of work, tens of thousands of calls before getting their first deal! If that isn't the definition of discipline and perseverance, I don't know what is. Now they've scaled their wholesaling business and into commercial real estate, and they just closed on a 138 unit building shortly after recording this episode, so big things are coming. I'm curious to hear your thoughts and how you will implement the tips provided in the episode! Please leave a review, subscribe, and/or comment your thoughts by reaching out via email at financezilla@gmail.com or Instagram @financezilla! If you're interested in financial coaching or corporate success coaching, feel free to reach out via the above platforms to apply or click this link for a FREE 30 min strategy call so we can work together with you to achieve your goals! If you feel you just need a working formula but don't need hands on assistance, that's fine too. Get the JUMPSTART guides today!The Coldest Water!  - 10% off using code FINANCEZILLAHabits365 apparel - 15% off using code FINANCEZILLAMake sure to reach out to Jeffery, Kerwin, and Kenneth (the Donis brothers) below if you need help playing or want to follow their journey some more!InstagramLinkedInYouTube Real Estate Monopoly PodcastThe Donis brothers' recommendations:Rich Dad Poor Dad by Robert KiyosakiThink and Grow Rich by Napoleon HillSell Or Be Sold by Grant CardoneTraction by Gino WickmanBigger Pockets podcast (link is Spotify but it's everywhere)Go to seminars and meet like minded people! Eventbrite and Meetup are great places to search for groups!

“#1 Leading Ladies”
Sharon Lechter Co-author or Rich dad poor dad

“#1 Leading Ladies”

Play Episode Listen Later Nov 3, 2021 30:41


Lifetime Cash Flow Through Real Estate Investing
Ep #626 - Investing in multifamily real estate from outside the U.S.

Lifetime Cash Flow Through Real Estate Investing

Play Episode Listen Later Nov 2, 2021 37:43


Rafi Mizrahi was working in IT in Israel in 2008 when he was introduced to the book “Rich Dad Poor Dad” and immediately started investing in single family properties. By 2017 he had honed his system and purchased over 300 properties in the U.S. Rafi realized that single family was not scalable and transitioned to multifamily. As of today, Rafi has over 766 units in the U.S. and is closing on another 250.  Here's some of the topics we covered: Developing a team framework Various roles on multifamily teams A business is people and systems Why house flipping is so risky right now Morning rituals Leveraging other's track record Rafi's deal flow Doing the right thing Reinvesting in your business To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com  Please Review and Subscribe  

Business School
My Ridiculous $2,000 Real Estate Investment

Business School

Play Episode Listen Later Nov 2, 2021 9:36


What would you do if you spotted a good investment opportunity but didn't have enough cash? Do you just let it go? In this week's short episode, you get to hear the story of Sharran's very first real estate investment and the lesson he learned from that experience. Some might say it's foolish to bury yourself in credit card debt to finance a purchase, but the story turns out to be different for Sharran. Tune in to the podcast to hear the full story of how Sharran started to build his real estate empire.  If you would like to invest with Sharran's deals and be included in their priority list, put "Podcast Deal" in the subject line and email helen@sharran.com.  “If you could create pockets of liquidity regardless where they come from, you can do some amazing things.”  - Sharran Srivatsaa Timestamps: 00:00 A quick story on how to invest in real estate without experience 02:59 The letter in the mail that allowed Sharran to buy the $99K property 05:13 What Sharran did after the grace period on the initial credit card debt 06:02 Selling the property for $110K and learning the lesson well  06:40 Discover unconventional ways to create liquidity Resources: - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad Poor Dad by Robert Kiyosaki ) - https://sharran.com/4weekmba/ (Grab Sharran's 4-Week MBA for Free)  Connect with Sharran: - https://www.sharran.com/ (Website) - https://www.linkedin.com/in/sharran/ (LinkedIn) - https://www.facebook.com/likesharran (Facebook) - https://www.instagram.com/sharransrivatsaa/ (Instagram)

Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

On this episode, Jake and Gino interview Sharon Lechter. In 1997 Sharon co-authored the international bestseller Rich Dad Poor Dad, and has released 14 other books in the Rich Dad series. Over 10 years as the co-founder and CEO, she built the empire into the world's leading personal finance brand. In 2008, she was asked by the Napoleon Hill Foundation to help re-energize the powerful teachings of Napoleon Hill. Sharon has released three bestselling books in cooperation with the Foundation, including Think and Grow Rich-Three Feet from Gold, Outwitting the Devil and her latest project, Think and Grow Rich for Women, released in June of 2014. She is also featured in the 2017 movie Think and Grow Rich: The Legacy and has released the book Save Wisely, Spend Happily in cooperation with the American Institute of CPAs. Key Insights: 00:00 You've the opportunity to help others 01:57 Entrepreneurial pursuits 05:40 Why financial literacy is so important 06:56 Rich Dad Poor Dad 09:07 Opening the doors of opportunities 13:10 How to strike balance in life 15:16 Know your 'Why' 17:25 Turning fear and anger into positive action 21:00 How to develop the investor mindset 23:15 Invest your time to build income-producing assets 26:15 Sharon's success formula 30:45 The Rich Dad success story 34:15 Systems and processes for business 36:12 Tips to scale up a business 38:29 Top habits for success 45:45 Recap Listen to the Podcast on our website now. It is also available on Apple Podcasts, Spotify, Google Podcasts and the video version is live right on our YouTube channel. Visit Sharon's website: https://sharonlechter.com/     Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to the YouTube channel: https://ytube.io/3McA   Sign up for free training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/   #realestate #multifamilyrealestate #multifamilyinvesting #investing

True Multifamily
E93: Cashflow Ninja M.C. Laubscher didn't have the connection – then he had this lightbulb moment!

True Multifamily

Play Episode Listen Later Oct 28, 2021 47:49


The Cashflow Ninja himself, M.C. Laubscher, joins True Multifamily to talk about all the ways he cashflows and the ways he teaches other people to cash flow. M.C. is passionate about helping producers and creators create, protect, and multiply their wealth and achieve financial freedom. Being a former sports league player, M.C. initially had the mindset that there was no life after sports. But reading Robert Kiyosaki's Rich Dad Poor Dad totally changed his context of how he viewed money, wealth, and investing. He then bought his first rental property and the rest is history! M.C. is the creator and the host of the popular and top-rated business and investing podcast, Cashflow Ninja and a brand new podcast, Cashflow Investing Secrets. M.C. is also the President of Producers Wealth, a wealth creation firm helping clients in 50 states implement holistic wealth creation strategies. Here are some power takeaways from today's conversation: - His transition from sports to investing - A mindset shift from scarcity to abundance - Growing partnerships and relationships - Strategies for building your platform - Creating the 21 Best Cashflow Niches book - A breakdown of the aligned cashflow strategy - Doing a human capital statement Episode Highlights: Ways to Build Your Wealth Shift your mindset from scarcity to abundance. When you know you can't compete with the big people in your niche, find the right people in the right asset classes. Partner with them to get access to the best deals. Otherwise, if you're going to compete with them, you're never going to be able to participate in those deals. Diversify. Look to other asset classes such as agriculture to expand your cash flow portfolio. There are so many different ways people are creating wealth and there are certain strategies, frameworks, and models that can be applied to many different asset classes and niches. And there's no one way to do it. Growing Partnerships and Relationships Figure out what people are working on or looking for and how you can help them. Ask them what they're excited about. Then you can now step back to figure out how you can add value to them and help them achieve their objectives and outcomes. Now, just because you don't have necessarily real estate knowledge, there might be a different skill set or different capability that you can bring to them Aligned Cashflow Strategy Cash creation Cash capture (the piece a lot of people miss!) - positioning capital effectively and efficiently Cashflow creation- collateralizing and deploying it into assets that's producing more capital for you and cash flows such as real estate, and get you great tax benefits Protection through asset protection and estate planning Create a Human Capital Statement A human capital statement is where you look at yourself as an asset as well as your skill sets, your relationships, your capabilities. Because even if they take away every single cent you have but you have those, you'll make it back much quicker. And so, learn a skill and figure out how you could use your skills to then create value for folks in the marketplace. Resources Mentioned: Cashflow Ninja Cashflow Investing Secrets The 21 Best Cashflow Niches Book Producers Wealth Robert Kiyosaki's Rich Dad Poor Dad

Ladies Who Law School
LWLS x Lauren Klein: Ladies Talk MONEY

Ladies Who Law School

Play Episode Listen Later Oct 25, 2021 46:26


This week's episode is sponsored by Barcast Audio - This amazing service, just got better! Check out their new 1L subscription service. The subscription includes hundreds of podcast-like audio case briefs, as well as printable briefs for all the 1L subjects, audio lectures, and more! They have included a special link just for listeners of our show, so go HERE to get your 1st month FREE!! This week the ladies chat with Lauren Klein, their first repeat guest. Listen to Lauren's first interview with the ladies HERE This episode is all about MONEY. From how to negotiate a salary, what an average salary starts at in different fields, and sources you can read and listen to in order to learn more about #money  The ladies talk salaries from law firms (Boutique means 3-10 lawyers) to big law to the public interest to take a bonus with a lower salary. Lauren discusses feeling worthy to make good money! Don't let where you go to school effect how much money you think you should make!  Lauren shares her favorite sources to educate herself about Money. Purchase them HERE1. Rich Dad Poor Dad by Robert Kiyosaki2. Your Money or Your Life by Vicki Robin3. Think and Grow Rich by Napoleon Hill4. The Richest Man in Babylon by George S. Clason5. The Millionaire Woman Next Door by Thomas J. Stanley6. The Simple Path to Wealth by JL Collin's7. Financial Freedom by Grant SabatierThen the ladies and Lauren dive into debt. The dreaded word and what so many of us take out in order to go to law school. She tells the ladies DON'T put the blinders on! Get comfortable with your debt. Maybe print it out and put it on your mirror!  A few main takeaways: Pay yourself first, try to invest in an index fund or robin hood.In your first year of practice focus on being a good lawyer and as you get good at being a lawyer you can focus on bigger investments like property etc. FACEBOOK GROUP

Creative Capital
Creative Capital Podcast 108: Seller Financing Mobile Home Parks with Gabriel Hamel

Creative Capital

Play Episode Listen Later Oct 22, 2021 54:24


Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I am speaking with Gabriel Hamel! Gabriel is a professional real estate investor whose passion for real estate, business, and financial freedom has helped him to amass a multi-million-dollar real estate portfolio consisting of single-family homes, multi-family apartments, and commercial real estate. From humble beginnings, a book on real estate, and a strong desire for financial freedom, Gabriel set out to find creative ways to start purchasing income-producing investment Real Estate. Gabriel is a strong advocate of financial literacy through self-education.   In this episode, Gabriel talks everything about seller financing and mobile home parks. He dives deeper into what seller financing is, what he loves about it, and how he approaches conversations with sellers. Gabriel will also walk us through the world of mobile home park investing and what's ahead for that market. Gabriel also shares his thoughts on the future of the real estate market and why it's important to trust the process. Listen in! [00:01 - 07:59] Introduction     A preview of the episode Welcoming Gabriel to the show Gabriel shares his background Why he considered staying at a job risky   [08:00 - 24:53] Seller Financing: A Closer Look   Getting into seller financing What is seller financing? Gabriel talks about his first seller financing deal Seller financing on a mobile home park Why sellers want to carry financing Gabriel's thoughts on where the market is now Where he thinks the market is headed Why aren't more people utilizing seller financing? How Gabriel approaches conversations with sellers   [24:54 - 38:45] Investing in Mobile Home Parks   What Gabriel likes about mobile home parks Property management in the mobile home parks space Gabriel talks about his current mobile home parks Why it's important to trust the process in real estate How Gabriel was able to own 100% equity in all his properties   [38:46 - 44:32] The Pod Decks Segment   If you were guaranteed the correct answer to one question, what would you ask? Gen Z is the first generation to grow up completely on smartphones. Do you think that we'll have long-term consequences for them? [44:33 - 54:23] The Core Four   What is your favorite real estate-related book? Rich Dad Poor Dad (link below)  What do you think your unique skill is that helped you become successful? Being fearless Tell me something that's true about real estate that almost nobody agrees with you on You need money to make money What one piece of advice would you give the listeners wanting to succeed in real estate investing? Believe that it's possible for you Connect with Gabriel! A summary of the episode Closing words Key Quotes:    “There are a lot of reasons sellers will and want to carry financing. Not all sellers want to be cashed out, so a lot of it's just having the conversation with the seller, seeing what their needs are, and can I give them what they need and make the deal work for me.” - Gabriel Hamel   “I know exactly what the markets gonna do. … It's gonna go up or it's gonna go down or it's gonna hit or it's gonna be flat. That's it. Joking aside, I actually don't care what the market does. … It's always a good time to buy if you buy right.” - Gabriel Hamel   “There are so many different ways to be successful within real estate. It doesn't matter whether it's single-family, multifamily, mobile home parks, land storage, if you're in it long enough and you're committed to it, you'll find success.” - Gabriel Hamel Resources Mentioned:   Rich Dad Poor Dad Connect with Gabriel on Instagram and LinkedIn! You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube  For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com   SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.  LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.   Listen to our previous episodes here 

REI Diamonds-Real Estate Investment Podcast
Episode 200: Life Lessons on Prosperity with The Wealthy Gardener author John Soforic

REI Diamonds-Real Estate Investment Podcast

Play Episode Listen Later Oct 22, 2021 66:28


Episode: Life Lessons on Prosperity with The Wealthy Gardener author John SoforicGuest: Dr. John Soforic was a once chiropractor with 200k in student debt. He retired at 49 with a retirement income of $240,000. He then wrote a book for his son in college: The Wealthy Gardener: Lessons on Prosperity between Father and Son. The book became an Amazon bestseller, hit #46 worldwide on audible, and has been translated into 6 languages.Big Idea: Generational Wealth is not just money, equity, or numbers on the balance sheet.   One very critical component of wealth his the knowledge on how to steward that wealth, a critical piece missing from so many estate plans.  John viewed this challenge in his own life as he sought to inspire his 19 year old son to absorb and learn the wisdom he'd discovered over the decade of building his own wealth.  And so The Wealthy Gardener was born.  I listened on audible myself and then found myself immediately recommending the book to a few friends of mine who are early in their real estate investing career.  I'd describe this book as the “Rich Dad, Poor Dad” for the new generation, but with a greater focus on real estate and the mindsets needed to create a wealthy life.  John and I discuss real estate, my juvenile delinquent past, our shared experience of having a child attend Temple University, and of course his book, The Wealthy Gardener.  Please enjoy this conversation with John Soforic.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/Resources Mentioned in this Episode:https://WealthyGardener.com/For Access to Real Estate Deals You Can Buy & Sell for Profit:https://AccessOffMarketDeals.com/podcast/View the Episode Description & Transcript Here:https://reidiamonds.com/life-lessons-on-prosperity-with-the-wealthy-gardener-author-john-soforic/Dan Breslin: Welcome to the R.E.I Diamond Show. I'm your host, Dan Breslin. And this is Episode 200 with Life Lessons on Prosperity with The Wealthy Gardener author John Soforic.If you are into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers. I'd invite them on the show and then draw out the jewels of wisdom, those tactics and mindsets, and methods used to create millions of dollars or more in the business of real estate.Dr. John Soforic was once a chiropractor with more than $200,000 in student debt. He retired at age 49, with a retirement income of $240,000 per year. He then wrote a book for his son in college, The Wealthy Gardener: Lessons on Prosperity Between Father and Son. The book went on to become an Amazon bestseller. Hit number 46 worldwide on Audible and has been translated into six languages.Generational wealth is not just money. It's not just equity or numbers on a balance sheet. One very critical component of wealth is the knowledge on how to steward that wealth, a critical piece missing from so many estate plans. John viewed this challenge in his own life as he sought to inspire his 19-year-old son to absorb and learn the wisdom he discovered over the decade or more building his own wealth. And so, The Wealthy Gardener was born.I listened on Audible myself and then found myself immediately recommending the book to a few friends of mine who are early in their real estate investing career. I describe this book as the Rich Dad Poor Dad for the new generation, but with a greater focus on real estate and the mindsets needed to actually create that wealthy life.John and I discussed real estate, my juvenile delinquent past, our shared experience of having a child attend Temple University and, of course, his book, The Wealthy Gardener. Please enjoy this conversation with John Soforic.John & I Discuss Life Lessons on Prosperity:·        How to Pass on Generational Wealth·        Overcoming Challenges in Life·        Building a $20K Per Month Portfolio·        The Wealthy GardenerRelevant Episodes: (There are 200 Content Packed Interviews in Total) Getting High Return on Investment through Co-Living Rentals with Johnny Wolff Leverage to Larger Deals Using Family Office Wealth with Richard Wilson John Matheson on How to Access Commercial Credit How to Find Motivated Sellers with David Lecko

Seeking Excellence
Ep 102 | Delayed Gratification

Seeking Excellence

Play Episode Listen Later Oct 21, 2021 35:28


We all know some people who just seek to immediately fill every desire they have. Perhaps, we even find ourselves grabbing that extra donut or spending some extra money when we really don't need to. Delayed gratification is one of the greatest marks of a mature man or woman. Do you have the ability and discipline to hold off on what you want now in order to have a better, healthier, wealthier, and holier future? What holds you back from doing so? Learn about all this and more in this episode with Nathan! To find our complete resource guide with books that will help you grow in every area of life, click here! Resources mentioned in this episode: Rich Dad Poor Dad by Robert Kiyosaki Grant Cardone (find him on YouTube, Twitter, or Instagram)

Driving for Dollars Mastery
39 - Tenant Troubles - How to Wholesale a House Occupied with Problem Tenants

Driving for Dollars Mastery

Play Episode Listen Later Oct 14, 2021 38:15


After reading “Rich Dad Poor Dad”, Travis Leseth decided to get a minor in real estate investing. He then worked as a property manager until health issues led him to wholesaling. Now, he is based in Connecticut, and he just closed his first deal and made $27,000! In this episode, Travis weighs in on what it means to be a real estate investor and reveals why he joined the Driving For Dollars Mastery program. He then breaks down his first wholesaling deal and the challenges that he faced. I chime in with some tips so that you can close deals quicker. Key Takeaways The differences between a college education and paid courses Earn and learn What Travis learned during his stint as a property manager Time kills all deals Some negotiation tactics from my acquisition strategy Resources Driving For Dollars Mastery Travis Leseth's Facebook Rich Dad Poor Dad by Robert Kiyosaki Wholesaling Inc.

Creative Capital
Creative Capital Podcast 104: BRRRRing Through Your Fears with Nicole Gauthier

Creative Capital

Play Episode Listen Later Oct 8, 2021 66:47


Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I welcome Nicole Gauthier! Nicole is the Founder of Wicked Holdings, happily married, and a mommy to 2 amazing kids. Nicole holds a Bachelor's degree in Business from the University of Houston with a concentration in Finance (2015) and graduated from Southern Alberta Institute of Technology with a degree in Financial Services. She first began her career as an Accountant in the Oil and Gas industry, yet after becoming a mom realized her schedule would not fit motherhood. She set out on a path to find her true purpose outside of her home – real estate was it! Her journey has allowed her the ability to combine what she loves into one big bundle and take others along for the ride with her. She currently holds 3 personal properties and she's passively investing in 148 units.    In this episode, Nicole talks about how she overcame her fears through BRRRR. She talks about the biggest lessons she learned from her BRRRR deals and how she was able to raise almost $800,000 of capital in 30 days. She also talks about the importance of sticking with things and persistence as you try to get closer to your goals. Listen in! [00:01 - 09:51] Introduction     An overview of the episode Welcoming Nicole to the show What is BRRRR? Nicole shares her background She talks about her company, Wicked Holdings   [09:52 - 21:37] Overcoming Your Fears in Real Estate   Nicole's fears going into the real estate industry Fear of the unknown and making a mistake How networking helped her overcome her fears Nicole talks about her current portfolio The BRRR deal she's currently doing What she learned from her BRRR deal   [21:38 - 36:20] The Best Way to Learn Something in Real Estate is by Doing It   Making a social impact through real estate Helping single moms in abusive and adverse situations How Nicole's ‘why' motivates her to overcome her fears How you can overcome the fears that you have Get past the analysis paralysis stage The best way to learn is to do it The biggest lesson Nicole learned from doing BRRR Bathrooms, permits, coating, and electrical panels Other challenges in the real estate investing world   [36:21 - 47:40] Lessons on Raising Capital   Nicole on raising $794,000 in 30 days Establishing important relationships The importance of sticking with things How Nicole approaches conversations with investors Nicole on growing her network [47:41 - 55:08] The Pod Decks Segment   Apple or Android? Who can you impersonate really well? What is the funniest name you can think of for a pet? [55:09 - 01:06:46] The Core Four   What is your favorite real estate-related book? Rich Dad Poor Dad (link below)  What do you think your unique skill is that helped you become successful? Persistence and the ability to fight through challenges Tell me something that's true about real estate that almost nobody agrees with you on Your primary residence is not your biggest asset What one piece of advice would you give the listeners wanting to succeed in real estate investing? Just keep going! Connect with Nicole! A summary of the episode Closing words Key Quotes:    “I envision myself walking up a hill and having people on my back and I'm trying to bring them along with me. It's a huge driver because as much as I don't ever want to let myself down, I also even more importantly don't want to let others down either.” - Nicole Gauthier   “The best way to learn is just to do. Of course, you can read books that educate you and you can become more familiar with different strategies and topics and stuff, but the best way to learn is by getting out there and just freaking doing it.” - Nicole Gauthier   “It's important to stick with things and people will see that part of you as well, and they'll really grow to admire and see that as an accomplishment for you, even if you don't see it yourself at the time.” - Nicole Gauthier   “Keep going! It's not an easy road, but it's worth it when you start to see the benefits and some of those goals that you've made coming to fruition.” - Nicole Gauthier Resources Mentioned:   Rich Dad Poor Dad Connect with Nicole on LinkedIn! You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube  For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com   SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.  LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.   Listen to our previous episodes here 

The One Away Show
Episode 79.1 | Bryan's Take

The One Away Show

Play Episode Listen Later Oct 7, 2021 2:53


Julia's immense drive, hustle, and vision are contagious. Her path to success is one that's filled with grit and determination. Immigrating to a new country is difficult no matter who you are, but at 15, Julia faced even more obstacles coming to the United States. In the face of these difficulties, not only did she adapt to the culture, learn the language, and build a life quickly, but she did it with grace. One detail that has stuck with me is her flight to the US: she read Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter. After finishing this book, she continued to read hundreds more on financial literacy. We all have something to learn from Julia's core values and relentless pursuit of her goals. Read the show notes here: https://bwmissions.com/one-away-podcast/

Animal Spirits Podcast
Richer Than Ever (EP.224)

Animal Spirits Podcast

Play Episode Listen Later Sep 29, 2021 51:45


On today's show we discuss Rich Dad Poor Dad, why bailouts are here to stay, Cathy Wood really likes treasuries, sports gambling hits the mainstream, options are enormous, how much it costs for a down payment and much more. Find complete shownotes on our blogs... Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Roach Motel with Josh Potter
Rich Dad, Poor Dad w/ Chase O'Donnell (EP49) The Josh Potter Show

Roach Motel with Josh Potter

Play Episode Listen Later Sep 7, 2021 78:56


It's time to crawl out of the walls and from under the fridge, because we have two roaches in studio today! Chase O'Donnell joins our Daddy Roach to weigh in on last weeks contagious fantasies, make some drippy football predictions, and even harmonize a few tunes. Come along and learn why maybe you shouldn't leave behind that spicy movie collection with your parents during a move. Josh Potter's New Channel: https://www.youtube.com/channel/UCpRE... Josh Potter's New Email: joshpottershow@gmail.com - Josh Potter Links https://twitch.tv/josh_potter https://twitter.com/j_potter https://instagram.com/josh_potter SPONSORS: CandidCo - Go to https://www.candidco.com/JOSH use code JOSH to get started from home for just $15 with a Candid starter kit DoorDash - Get 25% off and ZERO delivery fees on your first order of $15 or more when you download the DoorDash app and enter the code JOSH Babbel - Go to https://www.babbel.com and use code JOSH to receive 3-months FREE when you purchase a 3-month Babbel subscription HelloFresh - Go to https://hellofresh.com/JOSHPOTTER14 and use code JOSHPOTTER14 for up to 14 free meals, including free shipping

BiggerPockets Real Estate Podcast
500: Robert Kiyosaki: America's ‘Rich Dad' Sees a Real Estate Crash Coming

BiggerPockets Real Estate Podcast

Play Episode Listen Later Sep 2, 2021 71:48


Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor's favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert's “Rich Dad” taught him.Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert's books, board games, and videos but anyone who truly wants to learn the game of real estate.As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.Be sure to grab Robert's new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!In This Episode We Cover:Why Rich Dad Poor Dad remains a timeless classic in the investing worldWhy Robert favors real estate, precious metals, and cryptocurrency above other assetsThe difference between an asset and liability, and why so many Americans confuse themWriting (and fighting) for freedom, prosperity, and wealth Paying attention to the macroeconomic trends and using them to make smarter investing decisionsThe assets that Robert is bullish on in today's marketWhy you need to love studying real estate to become successfulAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets BookstoreBrandon's InstagramDavid's InstagramBiggerPockets BundleBiggerPockets Wealth MagazineBiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental PortfolioRay Kroc's StoryDave Ramsey's WebsiteCashflow GameGoBundanceKen McElroy's WebsiteDavid's Guesting on Ken McElroy's ShowJordan Peterson's WebsiteCheck the full show notes here: https://biggerpockets.com/show500See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.