American finance author and investor
If you’re asking your CPA 569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright BiggerPockets Real Estate Podcast - Feb 10, 2022
Failure Not Required - Part 5 featuring Karlton HoskinsFailing Forward has been a common mantra for many business experts since 2000. Choosing to Fail Forward simply requires you to focus on shiny objects that grab your attention, succumb to busyness, and fail fast – as many times as possible. The consequences of this path include not enough time, lack of financial resources, not seeing results from actions, limited growth, and being stuck wearing all the hats of your business. Alternatively, by following a proven path called Falling Forward, you can achieve the success you desire while limiting the risk of failure. The benefits of this proven path are clarity of actions, better health, time freedom, and measurable growth. In the first four episodes of this 5-part series, called Failure Not Required, you talked about solutions to issues business owners are faced with, like the misunderstanding of failure vs falling, the Mad Hatter Method, and business owners wearing multiple hats in their business, sequencing and the importance of tackling business development tasks at the correct time, and in the last episode, you talked about how business owners neglect their genius and how to avoid that costly mistake. In this episode, Karlton will share a common and costly mindset for business owners. The choice is yours. Failure is not required.#1 International Bestselling Business Author, Karlton Hoskins, Answers: Where did your love of business come from and when did all of this business talk become important to you? Is it true or false, do Jamaicans typically work multiple jobs? What happened to get you to the point where you felt like you needed to address the issues plaguing business owners?Do you think your family's experience played a role in your mindset? How do these mindsets play into your concept of Failure Not Required? What are the different mindsets of Robert Kiyosaki's Cashflow Quadrants?When you look back at your family's history, what mindset would you say your parents had? Do you believe their mindset has anything to do with their business failing?What do you want this episode's takeaway to be? Karlton's Special Invitation for You:Have you decided to take the Fall Forward Path? Turn on your Business's GPS to get started.Click: https://app.pillarfive.com/tryListen to Karlton's Previous Episodes:Productivity Focus: BB208, BB217, BB227, BB237Links to "Brilliant Breakthroughs for the Small Business Owner"Books:Volume 1: getbook.at/BrilliantBizBook2017Volume 2: getbook.at/BrilliantBizBook2Volume 3: getbook.at/BrilliantBizBook3 Volume 4: getbook.at/BrilliantBizBook4Volume 5: getbook.at/BrilliantBizBook5* Karlton Authored in Volume 5***You can find all our podcasts episodes on our Mobile App: BrilliantBizBook#BrilliantBizBook #SmallBusiness #FailureNotRequired #PillarFive
Travis Dillard, the co-founder of Cadia Capital Group, has been investing in real estate for a number of years. From new builds to commercial properties, historic buildings and multifamily, Travis is well versed in all aspects of the real estate industry. He has experience in deal flow, underwriting, operations, and value creation. Besides real estate, Travis built and sold a national communications business. In today's episode of the Passive Wealth principles podcast, Jake Harris will have a conversation with Travis about his journey in the real estate space and some of his most important takeaways along the way. You will find out a little bit about Travis' story and background. He will talk about how he built, grew and sold his company and the challenges he had to overcome on this path. You will find out how Travis started investing in real estate and how he managed to scale his business and grow to own 400 units. You will learn more about what is Cadia Capital Group and how Travis and his partner started this company. Travis will also share some details about his upcoming book and will talk about how to scale from zero to 100 rental units and achieve financial freedom in five years. Travis will also talk about Why setting goals all the time can sometimes be detrimental to entrepreneurs, the importance of being grateful and enjoying the journey and so much more. Listen now and enjoy! What You'll Learn in this Show: How did Travis start scaling into multifamily and grew to own 400 units? What is Cadia Capital Group and how did Travis and his partner start this company? Some details about Travis's upcoming book How to scale from zero to 100 rental units and achieve financial freedom in five years How to achieve retirement number one? What does success look for Travs moving forward? Why setting goals all the time can sometimes be detrimental to entrepreneurs? And so much more... Resources: https://www.catchknives.com (Catchknives.com) https://www.cadiacapitalgroup.com (Cadiacapitalgroup.com) https://www.linkedin.com/in/travisd/ (Travis' LinkedIn) Books: https://www.amazon.com/s?k=the+inside+advantage&crid=2L2NZV50H2EMK&sprefix=the+inside+advantage+%2Caps%2C313&ref=nb_sb_noss_2 (The Inside Advantage: The Strategy that Unlocks the Hidden Growth in Your Business) https://www.amazon.com/Multi-Family-Millions-Reposition-Apartments-Profits/dp/B08T4Q3QLN/ref=sr_1_1?crid=3GPM8HZPOGNFF&keywords=the+multifamily+millions&qid=1659545533&sprefix=the+multifamily+millions%2Caps%2C294&sr=8-1 (Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits by David Lindahl) https://www.amazon.com/Rich-Dad-Poor-Anniversary-Middle/dp/B07QPQ8WBL/ref=sr_1_1?crid=3LGJ4XFI59OO3&keywords=rich+dad+poor+dad&qid=1659545828&sprefix=rich+da%2Caps%2C238&sr=8-1 (Rich Dad Poor Dad by Robert Kiyosaki)
John talks to Herb “Flight Time” Lang — former Harlem Globetrotter, TEDx speaker, actor, and author of the book Projects Popes and Presidents: An Inspirational Journey That Shows How You Can Overcome Life's Obstacles and Achieve Your Dreams, entrepreneur, husband, and dad. Herb has also appeared in many commercials and was on The Amazing Race for three seasons. Listen to this episode to learn more: [00:51] - Welcome notes and Herb's intro [02:28] - Herb's journey of becoming a part of the Harlem Globetrotters [09:26] - His transition from the Globetrotters to the next stage of life [14:47] - How Herb invests in himself as a leader [18:43] - What he's read that helped him as a leader [22:05] - What's happening in Herb's entrepreneurial world [26:00] - One of the most valuable lessons he learned [29:03] - About his book Projects Popes and Presidents [32:00] - How Herb got a chance to act in the film Sweetwater [34:42] - What IMDb is and who can register on IMDb [36:49] - About the commercials Herb has done [39:11] - Why Herb did the TEDx talk and how he prepared for it [44:28] - His plans for writing more books [47:53] - How he is improving his most significant relationships [49:20] - One habit every person needs [57:00] - The last book Herb read NOTABLE QUOTES: "The greatest leaders we've ever seen are developed. They weren't born that way. People had to invest in them and they had to invest in themselves in order to become better leaders." "I know that leadership is within me, but I also realize that growing up, we weren't really taught to go and seek other leadership skills, other leadership opportunities. But that's something that I've developed now, the importance of going out and educating yourself, learning a little bit more…." "Why would you give up? Martin Luther King didn't give up. Obama didn't give up. Oprah didn't give up. I've met a couple of these people and they're human. They didn't give up. They had a dream, they had a vision and they kept going." "Just because you're nominated doesn't mean you're going to win. But being nominated will get you recognized." "Relationships are not about what they can do for me. It's about how we connect with one another." BOOKS MENTIONED: Men Are from Mars, Women Are from Venus by John Gray (https://tinyurl.com/MenAreFromMarsBook) Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter (https://tinyurl.com/RichDadPoorDadBook) PODCASTS MENTIONED: Craig Groeschel Leadership Podcast ALL THE SMOKE Podcast The Pathway to Your Results Podcast USEFUL RESOURCES: http://www.herblang.com https://www.instagram.com/datrotter4/ https://www.youtube.com/watch?v=ZeivzoCpygM https://www.linkedin.com/in/themotivationalspeaker/ https://twitter.com/Datrotter4 https://www.youtube.com/channel/UCYJjPZRutsXcrmDvDXysCDg https://tinyurl.com/ProjectsPopesPresidentsBook CONNECT WITH JOHN Website - https://thejohnhulen.com Instagram - https://www.instagram.com/johnhulen Facebook - https://www.facebook.com/johnhulen Twitter - https://www.twitter.com/johnhulen LinkedIn - https://www.linkedin.com/in/johnhulen YouTube - https://www.youtube.com/channel/UCLX_NchE8lisC4NL2GciIWA EPISODE CREDITS Intro music provided by Tony Palacios - https://www.instagram.com/tonytonedog/ Outro music provided by Jeff Scheetz - https://jeffscheetz.com/
Hey friend, are you wondering how much money you'll need to get started earning passive income? This episode may help clear things up especially if you are considering an online business selling courses or drop shipping. We even touch on how you can begin investing in real estate without any of your own money out of pocket. Key take-aways: - To run an efficient online business selling information via courses or memberships you'll need 1) A CRM (a place to house email addresses and send emails.) 2) A website 3) A place for your courses to live 4) you may need a merchant provider; however, your web provider may have that as well. - To run an efficient drop-shipping site you'll need 1) A website 2) A payment gateway 3) an CRM (email storage & mailing platform) 4) A wholesale source (You may have product to invest in depending on which route you choose) - Think from the end! Make a business blueprint and invest in the software depending on where you plan to end up with your business. Books I mention: Robert Kiyosaki's O.P.M (Investing in real estate with other peoples money) Tim Ferriss' The 4-Hour Work Week (drop shipping references) To discover 5 ways to start earning $5K / mo with Passive Income Text the word PIE to 33777 or download your copy here. https://www.myunpluggedlifestyle.com/pl/2147593113 Get your 30 day free Kajabi trail here: https://app.kajabi.com/r/zt3f7AsH/t/briosbr8 Follow me on Instagram @ www.instagram.com/thepassiveincomeexaminer www.thepassiveincomeexaminer.com/resources
Build X Construction Group is a Sydney based Construction Company specialising in High End residential projects and Commercial Fit Outs with its aim to achieve a unique and innovative product. Their knowledge and expertise of Residential and Commercial construction has been developed over three generations of builders in Sydney since 1962 and has now led to an extension of our business called Build X in 2014. Build X new generational team offers clients extensive background in construction, delivering exceptional workmanship, attention to detail and professional customer experience without compromising its clients goals. With a combination of love in Architecture & Sydney's vibrant lifestyle, our passion for design means we are consistently looking for new ways to innovate. In this episode, you'll discover: Establishing successful business partnerships How coaching enables great leadership The essence of high performing teams Lessons from establishing a high-end start up Winning characteristics of young guns And more Resources: The 5AM Club by Robin Sharma Rich Dad, Poor Dad by Robert Kiyosaki https://www.buildx.group Show notes If you enjoyed this episode, and you've learnt something or it inspired you in some way, I'd love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, and post it to your Instagram Stories, and tag me, @elinormoshe_ or Elinor Moshe on LinkedIn. Join the home of young guns here: https://www.facebook.com/groups/weareyoungguns Get a copy of my book: https://amzn.to/31ILAdv
The most overlooked facet of asset protection is actually one of the easiest! Jason Hartman invites Rich Dad Advisor Garrett Sutton to talk about the ongoing requirements to keep your corporation or LLC current in good standing. If you fail to follow these simple rules, a court can pierce through the corporation or LLC, also known as “the corporate veil,” and get at your personal assets. Garrett advises you to be aware of The Corporate Transparency Act and talks about his new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks. About Garrett Sutton, Esq. Garrett assists entrepreneurs and real estate investors from around the world to protect their assets and maximize their financial goals through sound management and asset protection strategies. Garrett is highly sought after as a guest speaker and serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. Key Takeaways: 0:00 Join Empowered Investor Pro today! 1:35 Jason Hartman reports the latest housing inventory numbers 4:15 The Fed is trying to cool the market 4:49 Personal Banking, mortgage, syndication and 1031 exchange workshops 6:45 Welcome Garrett Sutton, Rich Dad Advisor, attorney and successful author 7:28 Keeping your corporation or LLC current in good standing 9:06 Piercing the corporate veil succeeds in 50% of all cases 13:15 Signing documents on behalf of the entity with your title 16:49 Paying fees to maintain your entity 17:41 Best states for asset protection and managing your LLC 21:52 How the Communist Party in SF almost got away with taking over private companies 24:09 Legal battles within families 26:00 The Corporate Transparency Act 28:02 Fraud and abuse with our current system 29:59 FBI, spying, privacy issues and banking regulations 32:39 Civil forfeiture 34:35 More regulations from Congress 37:44 New reporting rules for setting up an entity - what you must know 39:16 LLCs - S selection to be taxed as an S corp 41:15 Filing a C corp 41:59 Writing off health care premiums 44:17 Asset protection for a C corp 45:34 Asset protection laws 46:38 Get Garrett's new book - Veil Not Fail: Protecting Your Personal Assets from Business Attacks (Rich Dad Advisor Series) Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel
Action Plan: https://jimharshawjr.com/ACTION Free Clarity Call: https://jimharshawjr.com/APPLY Cody Smith is the living proof that “nothing is impossible.” From being homeless to losing his mom at a young age, he had every excuse to not succeed. But his story turned out differently. For Cody, it's not the strong that survive, it's those who are willing to change— and the easiest way to change is to track your habits. It took years of bad experiences, bad habits, and self-destruction for him to learn that knowing where you've been explains how you got to where you are and creating better habits will show you where you're going. He believes that small consistent steps lead to revolutionary big leaps, which gave birth to his Geared 4 Life company and habit tracking system. From working on multiple jobs to make ends meet, he now owns multiple businesses. He also manages a real estate team and is actively investing in real estate and different businesses— all while enjoying life with his beautiful wife and daughters. Cody joins us in this episode to share his own success through failure story— from growing up living an unconventional life to finally securing success in his personal life and in the real estate business. Tune in now. If you don't have time to listen to the entire episode or if you hear something that you like but don't have time to write it down, be sure to grab your free copy of the Action Plan from this episode— as well as get access to action plans from EVERY episode— at http://www.JimHarshawJr.com/Action.
Investing in the stock market can be fun and life changing. However, we must understand that there are risks involved when we invest our money in securities. In this episode, we discuss 3 risks involved with stock market investing and how we can manage them. The action plan that I included in this episode are based on my previous experiences. I started investing back in December 2018 and saw my portfolio go down by -15% and some individual stocks for more than -60% when the market crashed in 2020. I thank my past self everyday for not paper-handing when everyone was panic selling. You have to remember that this is more of an emotional game, rather than an intellectual one. If you base your investment decisions from emotional impulses, then the stock market is probably not for you.
The PSEi is the main index of the Philippine Stock Exchange (PSE). It is composed of a fixed basket of 30 companies, whose selection is based on a specific criteria. The PSEi provides a snapshot of the market's overall condition by gauging changes in the stock prices of select listed companies. There are six other sub-indices that provide a useful measurement of the sectoral performance, namely: Financial Index, Industrial Index, Holding Firms Index, Property Index, Services Index, and Mining & Oil Index. If you want to invest in the PSEi, you may buy FMETF, which is traded in the stock market similar to stocks. Alternatively, if you're interested to buy an S&P 500 ETF like SPY or VOO, you may use GoTrade.
Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security. It's a good way to develop a disciplined investing habit, be more efficient in how you invest and potentially lower your stress level—as well as your costs. In this episode, we tracked the performance of Peso Cost Averaging with the stocks of SCC (Semirara Mining and Power Corporation). This stock is a good example since it's having a very good run from its lows of 8.3/share back in 2020 and now setting a local high of around 41/share.
Back when I was in high school and college, I really thought you need a significant amount of capital before you can start investing in the stock market. I can also recall that the capital required to open an online broker account back then was at 25k. But today, the capital requirement to start investing is really low. And the fact that you're reading this or watching/listening to this episode should be an indicator for you to buy your first stock.
Leslie Awasom is the Director of Operations and Co-founder of XSITE Capital Investment LLC. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland. They provide resources and add value to individuals interested in growing their wealth and changing their financial future. Leslie is a trained Nurse Anesthetist and entrepreneur who lives in Hanover, Maryland. He is a husband, father of two beautiful girls, and a son, and loves to spend his spare time reading and flying drones. [00:00 - 05:15] Opening Segment Leslie Awasom is the director of operations and co-founder of Xsite capital investment LLC. He manages the company operations market, data analysis, cash flow, and budget. Leslie started in real estate in 2017 after coming across one of Robert Kiyosaki's “Second Chance: For Your Money, Your Life and Our Money They founded Xsite Capital Investment and it is currently sitting on 125 million assets under management. [05:15 - 10:34] Accepting The Abundance Mindset: Not losing when you provide value to others. The company's journey wasn't always fast but it was perfect for where they are now. The company is solely focused on acquiring multifamily properties and believes it is still a solid asset for long-term wealth growth. They are conservative with their projections and keep their rent growth in some markets while dialing it back in others. They also help others who want to start their own multifamily company. [10:35 - 15:55] Underwriting Deals The company has been underwriting deals to deals that they close at 134 to 1, which is based on their last few deals. There has been softening in the market, with re-trading happening and brokers asking for offers to be submitted even if they are lower than what was asked in the past. The key to success in this market is understanding the story behind the numbers and being able to trend them monthly. One way that the asset management team can affect the numbers is by implementing water savings programs or having a qualified maintenance person on staff. [15:56 - 18:28] Closing Segment Reach out to Leslie Links Below Final Words Tweetable Quotes “Stay on top of your numbers. You got to be able to trend everything monthly. understand what those numbers mean and how you could influence those because that's where the key and that's where you have the power as asset management to make these assets perform very well.” - Leslie Awasom ---------------------------------------------------------------------------- Connect with Leslie visit their website at xsitecapital.com Connect with me: Facebook LinkedIn Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me → email@example.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Leslie Awasom: some of the tools that we use project, we kind of dial it down a little bit. And we like to go into every deal, having enough cushion. Within the deal, such that if something goes wrong, we still fall within our numbers or even better. [00:00:12] [00:00:24] Sam Wilsons: Leslie. Awasom is the director of operations and co-founder of X site capital investment LLC. He manages the company operations market and data analysis, cash flow and budget. Leslie, welcome to the show. [00:00:36] Leslie Awasom: Hey, thanks Sam. Thank you so [00:00:37] Sam Wilsons: much for having me. Hey man. The pleasure's mine, there are three questions. I ask every guest who comes on the show in 90 seconds or less. [00:00:43] Sam Wilsons: Can you tell me, where did you start? Where are you now? And how did you get there? [00:00:46] Leslie Awasom: Yeah, absolutely. I started in real estate in 2017 after coming across one of Robert Kiyosaki book, second chance at your money in your life and just got interested in real estate and building um, more like a solid financial future for myself. [00:01:00] Leslie Awasom: Then along the way, discovered multifamily investing came in contact with my two amazing partners. We found that exec capital investment to focusing on multifamily investing in 2019. And we've been growing ever since. It's been an amazing journey for us, our company and our investors. [00:01:15] Leslie Awasom: Currently sitting on 125 million of assets under management it's growing investor community and have great, a great food that we've been able to help grow the minds of over 1500 people so far. And is that number, it keeps growing every day, [00:01:29] Sam Wilsons: man. That's fantastic. When you say you've been helpful or grateful to grow the minds of 1500 people, what does that mean? [00:01:37] Leslie Awasom: So we have a monthly educational event. We provide a lot of educational content. We host every Tuesday evening on the writing class where we teach people interested in multi-family how to own the, write these properties, or how to evaluate these deals for themselves as investors. [00:01:51] Leslie Awasom: And we also have like monthly educational events where we bring in experts in the country from other aspects and finance and real estate to teach members of our community. And we provide a lot of educational content via email to our list as well. So, it's just something that we really enjoy doing and that's something that's part of our call mission. [00:02:08] Leslie Awasom: Gotcha, [00:02:08] Sam Wilsons: man. That's really cool. So you guys have scaled to 125 million in assets, under management, and I guess that's five years that's pretty great. Did you have any investing history in real estate before you went into multifamily? [00:02:20] Leslie Awasom: So we actually went into multifamily in 2019 Sam. [00:02:23] Leslie Awasom: So, so we scaled that in about two, in about three years. Yeah. Prior to that, we individually had experience in single family investing. Our CEO had some a long track record of investing in like, startups and angel investing and real estate as well. And I did some real estate and all the third partner had a financial service business. [00:02:42] Leslie Awasom: So that's the background we came into when we informed our. [00:02:45] Sam Wilsons: Gotcha. That's really cool. Tell me what are some things you know, that you think about, I guess, in this now three year journey in multifamily? Like what are some things that you feel like you've done really well that other people should emulate? [00:02:58] Leslie Awasom: I think one thing we've done really well is it's like really. How was the right word really absorbing or like, really accepting the abundance mindset, right. Really adopting that philosophy of an abundance mindset and really understanding that we do not lose anything by providing value to others. [00:03:15] Leslie Awasom: And actually it's actually like kind. To some extent it's selfish mindset because the more you give to other people, you actually get way more in return. So that's something that has worked really well for us that we've done really well. We give a lot of our time and we give a lot more to members of our community. [00:03:30] Leslie Awasom: And because of that, our community has grown tremendously. We've also done a really good job at finding the right assets that, that keep our investors safe. Being very conservative and our, on the writing. That's one thing that we are very proud of how conservative we are on the deal that we bring to market so that our investors are safe when they come to invest with us. [00:03:50] Sam Wilsons: What are some things, when you say, the more you give the more it comes back to you, but like when you say that, what are, what would you say would be a standard, some something that you'd, or ordinarily have thought, man, I'm not gonna do that. I'm not gonna, I'm not gonna share that information or I'm not gonna give that. [00:04:04] Sam Wilsons: What are some things that come to mind that you feel like, Hey, you know what? We decided to be really liberal with this and share it as much as we can. [00:04:10] Leslie Awasom: It's just for example, we have a lot of people that come to our platform that are looking to start their own, our multifamily company as well. [00:04:17] Leslie Awasom: Ordinarily some other person will look at this as some kind of competition. I'm not gonna show them exactly how we do stuff. We don't, however, whatever you want to learn, we show it to you, whatever resources we took to get over there, we share with. So is that another thing is like, for example, like the underwriting class we do, we've been doing that every Tuesday night going on to about a year now. [00:04:35] Leslie Awasom: It's something that take, and it's not something that we charge anybody for. And so, even people that are coming on board that are learning and going and doing this on their own as well, We really enjoyed doing it. And but, because we are given that much, we've met some really amazing partners that see that and value that. [00:04:51] Leslie Awasom: And that also share that kind of an energy. And they've also helped in our growth significantly. [00:04:56] Sam Wilsons: Got it. That's really cool. What are some things maybe that if you could do it over, if you went back and said, man, let's rewind three years, something that would make maybe speed things up that would maybe save some heartache. [00:05:07] Sam Wilsons: What's something that you feel like was not, we'll called a mistake, but something that, that you said, man, I don't wanna repeat that. [00:05:13] Leslie Awasom: I probably should have brought in a third partner, our CEO, Dr. Juda only much earlier than we did because bring in a what now our third partner, Dr. Juda only he came along in the process a little bit later. [00:05:24] Leslie Awasom: The company initially started with Tenny and I. We probably would've brought him in early because he just came in and just made like the final leg of the tripod and just brought in this amazing energy and and intelligence and integrity and tenacity that has really pushed us forward. [00:05:41] Leslie Awasom: So that's probably one thing I would've done differently, otherwise, everything else I'll keep it the same. My journey might not have been the fastest. we had some failures and struggles along the way, but it was it was perfect. It was perfectly designed to put us to where we are today. [00:05:55] Leslie Awasom: That's great. [00:05:55] [00:05:55] Sam Wilsons: Let me ask you this. Lastly, you said you brought your third partner on and it's all worked out. Great. What did you guys realize that you were missing? Like, what was it you're like, gosh, we just need a third person in this, to really make this thing. [00:06:08] Sam Wilsons: Hum. What were the components that were missing in, in, in that you guys realize you need to bring somebody on? What was that? [00:06:14] Leslie Awasom: So we needed that somebody that had that vision that could keep us like aligned and focused in , on who we are the company we're trying to build and the community that we're trying to build. [00:06:24] Leslie Awasom: Because initially well, we just got really excited about the possibilities that multifamily presents for. For ourselves and members of our community. And we just went out running we didn't really have like a true identity as a company and focusing on what was really key to us. So we needed that person that had that kind of that, leadership aura, if that's the best way I could describe it. [00:06:45] Leslie Awasom: And Dr. Oney is, was a perfect person. And we are grateful that he came on board when he did. [00:06:50] Sam Wilsons: That's that's really cool. And are you guys solely focused on acquiring multifamily? Yes. Right now what do you think about the multifamily market right now? [00:07:00] Leslie Awasom: It still has it's a little bit riskier than it was a year ago because of the changes in interest rates and everything that's happening in the economy. [00:07:08] Leslie Awasom: But we think, I believe multifamily is still a very solid asset for long term wealth growth and world generat. We just have to be a little bit more conservative than we were before with some of the projections that we make on some of the growth and be more, selective in the markets that we're investing and the kind of assets that we're investing, just to decrease the amount of our risk exposure that might come along. [00:07:29] Leslie Awasom: If we have some significant changes to the [00:07:31] Sam Wilsons: economy, when you say you're changing your growth projections, is that saying, Hey, we're gonna dial back what we think we can sell this for. Is that saying, Hey, we're gonna cut back on, what our rent projections are gonna be. I mean, is that even going so far as saying, Hey, what if we have a rent decrease? [00:07:47] Sam Wilsons: I mean, what do you mean when you say. Tweaking your growth projections. [00:07:51] Leslie Awasom: Absolutely. It's a little bit of both. We project it, for example, if in the past we're projecting a 10 basis point increase in cap rates on on a yearly basis on exit, we might project a little bit higher depending on the market. [00:08:03] Leslie Awasom: Some markets we are doing even like a 15% annual in, increase 15 basis point increase in cap rates annually onto. Our rent growth. We are keeping our rent growth in some markets. Maybe the first year we have some in the other years we keep it flat. So, it just depends on what the kind of data we see from our data sources in each of the markets that we go into. [00:08:24] Leslie Awasom: So whatever like some of the tools that we use project, we kind of dial it down a little bit. And so that it keeps, we like to go into every deal, having enough cushion. Within the deal, such that if something goes wrong, we still fall within our numbers or even better. [00:08:39] Sam Wilsons: Got it. Tell me about your role there inside of the company. [00:08:42] Sam Wilsons: What is it specifically that you handle? [00:08:46] Leslie Awasom: So I handle the operations of the company on the company side. I make sure that we are meeting like we have the right systems in place to meet the goals that we set for ourself. Every year we meet and we come up with quarterly goals and we come up with annual goals as well. [00:08:59] Leslie Awasom: So, my role in there is to make sure that we are using the systems that we have created and other systems are working constantly evaluating constantly working with our employees to make sure that we can make our working process more efficient. And I'm also involved in the management of our assets. [00:09:15] Leslie Awasom: Manage the property managers making sure that they're keeping up with the KPIs that we set for each property, make sure that the properties are performing according to what we on the road or better. So, once our acquisition team, for example, finds an asset and they think that it's a good one for us to review and they've gone to the underwriting, I take that underwriting and I have to review it compared to what our business plan, what our typical business plans are and do some more. [00:09:38] Leslie Awasom: Checks and balances on it to make sure that it's a right asset for us to go into. So, I'm more of the, on the back side of things, just making sure that the numbers are right and everything is, functioning properly [00:09:49] Sam Wilsons: What's the timeline. This is just a totally kinda left field question. Yes. [00:09:53] Sam Wilsons: What's the timeline from when you guys identify a potential asset on the acquisition side, get it through underwriting, get it to you, get you to review the underwriting and then say, Hey, yeah, this is a potential to make an offer. What's how long does that take? It usually [00:10:06] Leslie Awasom: takes about three days. Because that Christian team is very busy and that's probably one of the most developed part of our business. [00:10:13] Leslie Awasom: We have a very solid team, so we have someone that goes in and finds the assets and stop to the brokers. Then pass it over to underwriting. They're underwrite it and they usually send it out to me. =, within three days after getting more information from our property managers, our debt brokers and our tax consultants. [00:10:29] Leslie Awasom: So within three days I get it and review everything and see if it makes sense to pursue any further or we pass. What is your [00:10:36] Sam Wilsons: current, do you, I mean, if you don't know this, that's fine, but I bet you do. What is your current number of deals you underwrite to deals that you close what's that [00:10:45] Leslie Awasom: ratio right now is about 134 to one. [00:10:49] Leslie Awasom: See, I knew you knew. And that asked to to best on final, not even close . Yeah. [00:10:55] Sam Wilsons: What? Geez. So yeah. Okay. That's the best and final that's not even to [00:10:58] Leslie Awasom: close. Yeah. Yeah. That's based on what we've done so far from the last from our last deal. So it's been crazy. We've been reviewing a ton of deals, but made a few best on finals, but it's not nothing is, has come through yet. [00:11:10] Leslie Awasom: Have you seen any [00:11:10] Sam Wilsons: softening in the market or any I guess just any changes of note. [00:11:16] Leslie Awasom: Yeah. Our feedback from our brokers is that there's a lot of re trading happening on some of the properties. So in the past we would talk to brokers and our underwriting might be a few millions below what they were asking. [00:11:27] Leslie Awasom: And we will ask if it could submit an offer and they tell us no, but this time around, it doesn't matter how low the offer is they actually to submit because , they want owners to see that things are changing with the interest rates. This deal still have to cash flow. Most owners still have expectations from when we were at a 2% interest rate in, and a 6% interest rate climate. [00:11:48] Leslie Awasom: So it's gonna take some time to adjust, but I do feel like it it is adjusting slowly. [00:11:53] Sam Wilsons: It is. Yeah. And that's, there's lots of arguments, eight different directions on why interest rates won't affect cap rates, why interest rates and cap rates are completely, disconnected. [00:12:02] Sam Wilsons: And then you hear it the other way around. And I don't know which ways up to be honest in the end. But it is but just to confirm, you're confirming, what we've been hearing is that there are some re trading happen. We have, we are seeing some softening in the market as a whole and just, it is interesting to hear that, Hey, you know what, gimme your offer. [00:12:19] Sam Wilsons: So at least I can take it back. And that's been the word from the brokers too, is like, we need something to take back to our sellers, just so they understand that this is where the market is now. So yeah. Yeah. E even as you. As a buyer, you might feel like you're sending in an offensive bid, which is okay. [00:12:34] Sam Wilsons: Yeah. But. That's what they're asking for. [00:12:36] Leslie Awasom: Yeah. Because if you think about it at the end of the deal, the deals still have to cash flow. Yeah. Maybe the cash flows might not be as, as robust as they were a few years back. But buyers would not buy deals that are doing a negative cash flow that are really that tight. [00:12:49] Leslie Awasom: So. It's just a higher risk. So, I do believe some softening would happen, but maybe not as drastic as as people think it might get, just because multifamily is still a very strong asset class with a lot of growth potential still. [00:13:01] Sam Wilsons: Yep. Yep. Absolutely. I think that's really cool. [00:13:04] Sam Wilsons: Give me gimme one thing, one, one nugget on the asset management side that you say, man, here is something that. you just gotta have in order when you're the asset manager, [00:13:15] Leslie Awasom: You like, you gotta stay on top of your numbers. You gotta Be able to trend everything on a monthly basis. Guys, stay on top of your numbers, understand what those numbers mean and how you could influence those numbers because that's where the key really that's where you have the power as an asset management to make these assets perform very well. [00:13:34] Leslie Awasom: So you really do have to understand the story behind those numbers and what role you could play to, to affect those. [00:13:40] Sam Wilsons: Give me an example of a number you feel like that is something that you can directly influence that you should really be paying attention to. [00:13:48] Leslie Awasom: I tend to look at it from a much bigger picture, but the simple things for example, just going into a property you might see a water bill that's been outrageous where as an asset management, you might come in and implement some kind of a water savings program, and you're able to decrease that and increase your NOI tremendously. [00:14:04] Leslie Awasom: And the other piece is like maintenance cost. Like, what I've found in some of our assets is like, by having a very good qualified maintenance personnel on staff that is well paid, but that has several skills. Right. You could provide a lot of tools for the, for that person front, and it's gonna save you a ton in maintenance upfront. [00:14:23] Leslie Awasom: And which is something that we're experiencing one of our assets, which is like finding the right qualified maintenance on site person that has those skills that you don't have to outsource a lot of the jobs that are involved in this assets that could save you a ton of money on your maintenance cost long. [00:14:40] Sam Wilsons: Yeah, absolutely. Do you guys help find that maintenance person or is that the property manager's job? It's the [00:14:46] Leslie Awasom: property manager, but we try to kind of give a direction of of where we want to go. And our property management team has a lot of exposure. In the Southeast market. So they have a large footprint and they can kind of, it's just about giving some side sort of direction and then they go out and look for that person for you. [00:15:02] Leslie Awasom: So, so it's one of the things we talk about our property management team up front. When we taking over these assets. Yeah, [00:15:08] Sam Wilsons: absolutely. What do you do when you aren't getting the numbers you want from the property management team? And I, what I mean by that is when, Hey, I need the last week's report on Monday morning, and then Monday comes and goes and you don't have those numbers. [00:15:20] Sam Wilsons: What do you do? [00:15:21] Leslie Awasom: Well, you just have to remind them the importance , of getting those numbers on time. My, our approach has been to empower whoever we work with to take responsibility for what they're doing so that we don't have to sit on top of them every day. And and we promote good behavior. [00:15:37] Leslie Awasom: Right. So we focus in on what you're doing, right. And we promote that and we push that forward and we found that has really worked very well. And our property managers, our team members are ready to go above and beyond for us because they feel like they're part of the journey of this asset. [00:15:52] Leslie Awasom: They feel like they're part of the journey that are investors are joining us along. The way we, so, so, so far it has worked really well. And if there's something that is not done, right, like not getting a report out on time, we'll point it out to you and then hold you to the higher expectation, but make you feel like you are the one who is coming up with a much higher expectation. [00:16:09] Leslie Awasom: Like, so the property manager's gonna set the goal to have this on time by this time, then we'll hold you accountable. [00:16:15] Sam Wilsons: Right. I love it. I love it. Lastly, thank you for taking the time to come on today and really give us the insight into what it means to be an asset manager. What it means on the underwriting side, how you guys are finding opportunity, what you guys are doing to stay competitive, your thoughts, really on the market. [00:16:31] Sam Wilsons: And then just talking about your, the way you educate. Your investors, your educational events that you put out. I think that's really cool what you guys are doing. Certainly appreciate you coming on. If our listeners wanna get in touch with you, learn more about you, your every Tuesday underwriting event, any of those things, what is the best way to do that? [00:16:47] Leslie Awasom: First off? Thank you, Sam. Thank you so much for having us on your platform and giving us opportunities to continue to share on what we do to the larger community. Yes. You could get in touch with myself or any one of my amazing partners by write our information is all available on our website, which is, www do X as in XLOPHONE, S as in Sam it capital.com. [00:17:10] Leslie Awasom: XSITE capital.com. Feel free, reach out to any one of us. We love talking to, to, to people and learning more about ways that we could help you at Tuesday underwriting classes every Tuesday night at 8:00 PM. If you are interested in that as well, there will be a means for you to join our community, to become part of getting communications about everything that we do. [00:17:29] Leslie Awasom: So, come join us. However way we could help you in your growth journey. Don't hesitate to reach out to. [00:17:34] Sam Wilsons: Fantastic. Lastly, thank you again. I appreciate it. Have a great rest of your day. [00:17:38] Leslie Awasom: All right. Thank you so much, Sam. Thanks for having me.
It can be really overwhelming as a beginner investor in the stock market. More often than not, newbies only notice or only care about the stock prices and movements, which is essentially out of anyone's control. But as soon as you understand that buying stocks is you actually buying a portion of a company or a business, it gets a bit easier (and interesting). As a dividend investor, the bulk of your work will be done right off the bat. You'll be researching companies, their founders, their current top executives and board of directors, and of course, their financial statements. And in my view, the most complicated part of this process is reading financial statements and trying to make sense of it. But trust me, once you get the hang of it, reading these long pages will become easier and more exciting. Once you've read (or skimmed) through a financial report, you'll understand how the business work, where it gets most of its revenue, why their revenue is up or down this quarter or year, and what the future plans and goals will be for the business to continue its profitability. There's a sense of achievement (at least on my part) as soon as these seemingly complex text and figures before eventually makes sense to you. After identifying a good dividend paying stock, you'll just consistently buy in regardless of the price. As Warren Buffett famously said, "Our favorite holding period is forever."
What are these Reflections with Actions' episodes all about? After every five guest interviews, Amy Rowlinson reflects on each of the individual episodes and focuses in on specific topics pulling on different threads and diving deeper to explore elements that piqued her interest. In this episode, Amy shares her Reflections with Actions from these five recent podcast episodes: 287 It's Not All About Swearing with Mandy Barnett 288 The Person Behind the Story with Trish McGirr 289 Courageously Imperfect with Richard Stone 290 Personal Development Mastery with Agi Keramidas 291 Sense of Wonder with Ricky Locke KEY TAKEAWAY “Living each day becomes your legacy. Learning from the past and carving your path for the future is shaped by how you spend each moment of each day. Without choosing to leave a legacy you may lack a sense of purpose or meaning in life. What legacy will you create today?” BOOK RECOMMENDATIONS* The One Thing by Gary Keller with Jay Papasan - https://amzn.to/3Bb6Mwb The Compound Effect by Darren Hardy - https://amzn.to/3Bdu3xm How to Win Friends and Influence People by Dale Carnegie - https://amzn.to/3opuvRs Rich Dad Poor Dad by Robert Kiyosaki - https://amzn.to/3aZF0YK The Slight Edge by Jeff Olson - https://amzn.to/3d6b65U Atomic Habits by James Clear - https://amzn.to/3OZDEes ABOUT THE HOST - AMY ROWLINSON Amy is a Life Purpose Coach, Podcast Strategist, Top 1% Global Podcaster, Speaker, Mastermind Host and Property Investor. Through 1:1 and group coaching, Amy works with individuals and businesses to improve productivity, engagement and fulfilment, to banish overwhelm, underwhelm and frustration and to welcome clarity, achievement and purpose. WORK WITH AMY Amy inspires and empowers entrepreneurial clients to discover the life they dream of by assisting them to make it their reality through their own action taking. Helping them to focus on their WHY with clarity uniting their passion and purpose with a plan to create the life they truly desire. If you would like Amy to help you to launch your podcast or to focus on your WHY then please book a free 20 min call via www.calendly.com/amyrowlinson/enquirycall KEEP IN TOUCH WITH AMY Sign up for the weekly Friday Focus - https://www.amyrowlinson.com/subscribe-to-weekly-newsletter CONNECT WITH AMY https://linktr.ee/AmyRowlinson HOSTED BY: Amy Rowlinson DISCLAIMER The views, thoughts and opinions expressed in this podcast belong solely to the host and guest speakers. Please conduct your own due diligence. *As an Amazon Associate I earn from qualifying purchases.
Don't be afraid of failing. Robert first experienced taking a gold mine public in the late 90s and now, 30 years later, he joined today's guests on the New York Stock Exchange to bring one of the largest gold producing mines in the world public. Marin Katusa, Founder of Katusa Research says “It's the highest grade operating gold mine in the world.” Katusa continues to explain how technology and 140 years of data that has been digitized made it possible to make such a find. Sean Roosen, Chair of the Board and Chief Executive Officer of Osisko Development shares how they first visited the mine in 2010, and at the time, it didn't look like much. Ten years later through the use of technology, the discovery was made. In the first ever show from 625 feet below ground, host Robert Kiyosaki and guests Sean Roosen and Marin Katusa explain how the goal is to develop current resources more efficiently and responsibly than ever, while simultaneously working towards building strong community relationships on all our mining projects.
In today's episode, let's talk about the common goal of earning 1 million Pesos and recheck if you can actually retire once you've hit the millionaire status. I think the 1 million goal is a common theme in our culture especially when it's usually the grand prize money from the TV shows that we grew up watching. And true enough, when I was a kid, I wanted to have 1 million Pesos myself. Think about all the things that we can buy, right? In reality, 1 million Pesos is a big amount of money. For some, the amount could be life-changing or life-saving. But the question we're trying to answer here is, can 1M support your current lifestyle for the foreseeable future?
Daniel started his real estate investing journey with not much of a budget and ZERO sales or marketing experience. But he was willing to dive in head first, take on a whole lot of risk, and approach lead generation from an analytical perspective. From virtual investing using BRRR to fix & flips & wholesaling, we're going to break down his journey — specifically with online marketing to generate motivated seller leads with Carrot, SEO & PPC. We also cover his unique strategy of partnering with other investors, having multiple websites, how he structured his team, and how he builds rapport within different sub-cultures in his home state of Hawaii. Listen in to see how he does it. Mentioned in this episode:Daniel's primary Carrot site: https://www.webuyhouseshawaii.com/Rich Dad Poor Dady by Robert Kiyosaki: https://amzn.to/3GK4cxSDaniel's BRRRR Deal Analyzer: https://docs.google.com/spreadsheets/d/1IV3M0RrBuFLpsM5UdfiRX5c64VPdwbJ1/edit#gid=1295618886
Money Lover is a personal book keeping and money management app that will help you every step of the way. I've been a big fan of recording and tracking my income and expenses ever since I started working back in 2017. It gives me that sense of security or peace of mind that I can review everything that I've spent money on in the last 5 years. I can go back to 2017 and see how I spent my money and how much money I was able to save every month. That's why I'm pushing this to anyone I meet who wants to take control of their personal finance. If you're not a big fan of mobile apps, you may use my spreadsheet tracker as an alternative: ➜ Income/Expense Tracking Sheet Template: https://tinyurl.com/expnstrckr
In today's episode, we've listed down all of the dividend paying stocks with ex-dates this August. Please note that the ex-date or ex-dividend date is the trading date on (and after) which the dividend is not owed to a new buyer of the stock (Source: Investopedia). To make it simpler, you have to hold or own the stock 1 trading/business day before the ex-date to get the dividends for that period. Portfolio update: I bought some $GLO (Globe Telecom) stocks today. In my opinion, Globe stocks is a good back at the 2k or below 2k price range. They pay good dividends consistently, too. Fun fact: August is the only month this year (2022) to have its first day on a Monday :)
Chapter Titles:00:00-01:18 iTrust Capital (Open A Crypto IRA)01:18-04:45 How To Win Friends & Influence People- Dale Carnegie 04:45-06:04 Buzzsprout (Start a Podcast) 06:04-06:43 Summary of Dale Carnegie Book 06:43-08:45 Quirky (Genius of Breakthrough Innovators Who Changed The World)- Melissa A. Schilling 08:45-09:50 Ledger (Safely Secure Your Crypto Assets) 09:50-11:40 Summary of Quirky 11:40-14:25 Cashflow Quadrant- Robert Kiyosaki In this podcast, Kevin detailed 3 books every entrepreneur should read. How to Win Friends & Influence People by Dale Carnegie shows how to interact with people in business. Entrepreneurship is a people business and if you can learn how to deal with people's emotions and their behavior's, you will be able to tailor your product or service around the best interest of your client. The next book mentioned was Quirky by Melissa A. Schilling. This one explains the remarkable story of the traits, foibles, and genius of breakthrough innovators who changed the world. The stories highlighted were Elon Musk, Nikola Tesla, Steve Jobs, Albert Einstein, Benjamin Franklin, Marie Curie, Thomas Edison, & Dean Kamen. The third book and a notable favorite is the Cash Flow Quadrant by Robert Kiyosaki. The concept of the book is 4 different ways to produce income. Those are an employee, self-employed, business owner, & investor. A majority of the population are employee's & self-employed, they have no leverage. They exchange their time for money. The business owners & investors have leverage. They have a system in place and their money works for them. These books are helpful for setting the foundation when it comes to your entrepreneurial journey!Sponsors:Buzzsprout, the best way to start a podcast!https://www.buzzsprout.com/?referrer_id=1305358Safely secure your crypto with Ledger, the largest crypto hardware wallet! https://shop.ledger.com/?r=aa519baed9caInvest in crypto through a tax advantage retirement account with ITrust Capital!https://itrustcapital.com/referral100?utm_source=partner&utm_medium=youtube&utm_campaign=partner850&oid=10&affid=850Show email & contact info:Email: firstname.lastname@example.orgLinkTree: https://linktr.ee/insightfulprinciplesSocial Media:Instagram & TikTok: @insightfulprinciplesTwitter: @insightprinplesLinkedIn: Kevin Jenkins Clubhouse: @kevnjenkins#insightful #principles #books #business #entrepreneur Support the show
I tried new things this month and I'm pretty satisfied with my progress across different areas of my life. I learned and unlearned stuff, too. For July, I was able to hit 22/31 uploads and I'm shooting for 31 uploaded episodes this August. This is full-on "documenting" instead of "creating", which was inspired by Gary Vee. Hope you guys stick with me along the journey, and I'm sure you'll learn a thing or two from me :)
I first heard of compound interest back in high school when it was taught in a Math class. I haven't fully grasped the idea and how it can be applied to investing that time since I was young and my investment knowledge was close to none. I was then reintroduced to it again in college, surprise surprise, in another Match class. During this time, I'm already very curious about investing and my professor hinted that it can be used as a tool with your investments. I've always been fascinated how to grow your capital substantially overtime and compounding interest will surely be involved in the process. I hope I shed some light about this topic and hopefully you find this as a useful tool as well.
Leaving your W2 so you can transition into something that gives you lifestyle freedom definitely takes a mountain of courage. But once you commit to that intention, set and measure your goals, and develop a daily routine that sets you up for success, then your opportunities are boundless. In this conversation, real estate investor Chad Kirkpatrick shares how he was able to 10X his net worth from when he started investing in 2011, to now being the sole owner of over $8 million in real estate and other investments. Chad reveals what took him so long to mentally break from the W2 mindset and work through it. He also shares one of his greatest life lessons from turning down a rare opportunity to work with Robert Kiyosaki. Here are some power takeaways from today's conversation: [01:47] Chad's career background [03:27] Leaving his W2 job [08:24] What lifestyle freedom looks like for him [15:39] Enrolling your spouse or partner in your vision [22:25] The mental break to shift from the W2 world to the entrepreneurial world [24:36] How our parents' conditioning affects our mindset [31:08] A life lesson he personally learned from Robert Kiyosaki [39:06] Meeting Vanilla Ice and DJ-ing in Moscow [42:59] Chad's GoBundance experience [48:19] The power of intentionality, writing SMART goals, and measuring them Notable quotes from the Episode: “When you mentally check out because you're going to leave, it's just hard to stay.” “I kept coming back to this concept of a ‘gentleman of leisure'. I don't want to work more than 30 hours a week, total. So every line of business cannot together be more than 30 hours.” “When you get an opportunity, take it–no matter how crazy.” “It's very easy to get comfortable and be the smartest person in the room... but when you have 2, 3, or 4 times more than you, it changes your thinking and your dynamic.” Connecting with the Guest Facebook: https://www.facebook.com/chad.kirkpatrick Instagram: @chad_investor_ofleisure Connect with our growing community: Apply to GoBundance: https://www.gobundance.com/membership Instagram: https://www.instagram.com/gobundance/ Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge Interested in starting your own podcast or handing off your production to a qualified team? Email email@example.com to learn how we're making the world better, one mic at a time.
Today we have a really special guest... Amy Sylvis! Prior to working in multi-family real estate, Amy spent 13 years in the pharmaceutical and biotech industries. She was drawn to the industry because she was able to serve people while they battled serious health challenges. While traveling on business, she picked up “Rich Dad Poor Dad” by Robert Kiyosaki and a light bulb went off. She realized that her skillset could serve even more people through multifamily real estate by providing clean, safe, affordable housing to working class families; by providing a powerful and proven investment vehicle for friends and family to participate in; and by pouring profits in to organizations that assist underprivileged and sick children. After several attempts to crack into the industry on her own because of health challenges, Amy was presented with the opportunity to join Quattro Capital. She is active on the GP and LP side of apartments in Alabama, Indiana, Georgia, and Tennessee and is continuing to grow her portfolio with a goal of achieving the 5 Freedoms in the next couple of years. Amy lives in Los Angeles with her amazing husband Joel. They love college football, traveling, and volunteering their time with organizations that care for children in need. Today's episode is chock FULL of content that will keep you on the edge of your seat! It is both comical and educational and most definitely does not dissapoint. Don't forget to subscribe because this is only the beginning...
I'm a big fan of feedback, that's why I create polls on our YouTube channel community from time to time. This gives me an idea what my viewers care about and which topics I need to focus on moving forward. Every interaction with the community is greatly appreciated and hopefully y'all interact more with me and my posts/polls.
Welcome back for another new episode of Our 2 Cents! We're talking about winning big in the lottery, another round of rate hikes by the Fed, and then we're having a lot of fun providing our perspectives on the advice of some well-known industry experts. Tune in now, and let us know what grade you'd give to some of these gurus.The Mega Millions Jackpot Surges:What should you do if you were to win?Should you take the lump sum or opt for the payments over several years?The Fed is At It Again:The Federal Reserve again lifted interest rates by 0.75%.Why are they doing this, and will it continue to slow down the economy?What could happen at their next meeting in September?Grading the Gurus & Their Advice:Phil Orlando (an Equity Strategist) says the market will decline further over the summer, and he favors value stocks over growth stocks.Sam Robson (a Financial Author) says the bear market is a fantastic opportunity for long-term investors; long-term being the key phrase.Robert Kiyosaki (an Author) says a market crash is coming and to buy gold and silver. Grant Soliven (Columnist and Financial Advisor) says to beware of making emotional decisions in turbulent times. Chris Orestis (head of a national retirement resource organization) said if it were him and he was about to retire, he would delay it a year or two.Warren Buffett (Businessman and Investor) says "The most important thing to do if you find yourself in a hole is to stop digging," and "Be fearful when others are greedy, and greedy when others are fearful."
Two-Time NY Times Bestselling Author From her own remarkable experiences, Janet created the profoundly impactful Passion Test process. This simple, yet effective process has transformed thousands of lives all over the world and is the basis of the NY Times bestseller she co-authored with Chris Attwood, The Passion Test: The Effortless Path to Discovering Your Life Purpose &Shine Your Light: Powerful Practices for an Extraordinary Life by Janet Bray Attwood and Marci Shimoff .Janet is a living example of what it means to live a passionate, fully engaged life. A celebrated transformational leader, Janet has shared the stage with people like His Holiness the Dalai Lama, Sir Richard Branson, Nobel Prize winner, F.W. deKlerk, Stephen Covey, Jack Canfield, and many others. She is also known as one of the top marketers in America. In 2000, Mark Victor Hansen and Robert G. Allen paid for 40 of the top marketing experts in the country to come to Newport Beach, CA to consult with them on marketing their book, The One Minute Millionaire. Janet was one of the very first they invited. As a result of that meeting, Robert G. Allen and Mark Victor Hansen asked Janet to partner with them in their Enlightened Millionaire Program. Her personal stories of following her passions, of the transformations which people like Chicken Soup for the Soul author Jack Canfield have experienced with The Passion Test, and the practical, simple exercises she takes people through to discover their own passions are a few of the reasons she gets standing ovations wherever she presents. Janet has given hundreds of presentations and taken thousands of people through The Passion Test process, in the U.S., Canada, India, Nepal, and Europe. Janet is also the founder of The Passion Test for Business, The Passion Test for Coaches, The Passion Test for Kids and Teens, The Passion Test for Kids in lockdown, and The Reclaim Your Power program for the homeless. Janet is a golden connector. She has always had the gift of connecting with people, no matter what their status or position. From the influential and powerful, to the rich and famous, to lepers and AIDS patients, to the Saints of India, Nepal, the Philippines and elsewhere—to anyone who is seeking to live their destiny, Janet bonds with every single person, and the stories she shares are inspiring, mind-boggling, uplifting and very real. A co-founder of top online transformational magazine, Healthy Wealthy nWise, Janet has interviewed some of the most successful people in the world about the role of passion in living a fulfilling life. Her guests have included Stephen Covey, Denis Waitley, Robert Kiyosaki, Neale Donald Walsch, Paula Abdul, Director David Lynch, Richard Paul Evans, Barbara DeAngelis, marketing guru Jay Abraham, singer Willie Nelson, Byron Katie, Wayne Dyer, Nobel Prize winner Muhammad Yunus, Tony Robbins, Rhonda Byrne and many others. These live teleconference interviews have attracted listeners from all parts of the globe. Edited versions of these interviews are made available to over 150,000 subscribers. Her Passion Test process has impacted people worldwide, and The Passion Test phenomenon has resulted in requests from schools to build a passion curriculum, from teachers, trainers and speakers to use the process, and from organizations like NASA to incorporate it in their staff development programs. It was as a result of taking The Passion Test with Janet that Jack Canfield recognized his passion to be part of a spiritual leaders' network and out of that came the Transformational Leadership Council. Janet and Chris are both founding members of that organization whose 100+ members serve over 10 million people in the self-development world. Janet Attwood makes magic happen. Her presentations hold audiences spellbound. Her programs attract people from all over the globe. Through her magnetic charisma she is touching the lives of millions of people around the world. janetattwood.com'© 2022 All Rights Reserved© 2022 BuildingAbundantSuccess!!Join Me on ~ iHeart Radio @ https://tinyurl.com/iHeartBASSpot Me on Spotify: https://tinyurl.com/yxuy23baAmazon Music ~ https://tinyurl.com/AmzBAS https://tinyurl.com/BASAud
Garrett Sutton is an attorney, best-selling author and one of Robert Kiyosaki's Rich Dad Advisors. Garrett has over thirty-five years experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals. A clear and engaging writer, Garrett authors various books that demystify legal topics and presents them in an understandable and accessible manner. Garrett is the author of Start Your Own Corporation, Loopholes of Real Estate, Writing Winning Business Plans, Buying and Selling a Business, Run Your Own Corporation, The ABCs of Getting Out of Debt, Scam-Proof Your Assets, and his newest book, Veil Not Fail in the Rich Dad Advisor Series. Garrett is also the author of How to Use Limited Liability Companies and Limited Partnerships, Toxic Client, and Finance Your Own Business, which he co-authored with credit expert Gerri Detweiler. Garrett is the owner and operator of Corporate Direct and Sutton Law Center, which since 1990 has provided clients from around the world with asset protection and corporate formation and maintenance services. Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct "the premiere source for asset protection strategies." Garett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California's law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and various other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad Advisors educational series. We chat about: The need for asset protection - we live in a litigious society Piercing the Corporate Veil The good, bad, and ugly entities - the importance of using the right one and how to decide between them all His experiences and horror stories surrounding entity selection - a topic not taught in school LLCs vs Corporations for real estate - understanding the difference and knowing which one to choose His mission and work as author, including his books that are part of the best-selling Rich Dad, Poor Dad, wealth building book series LIKE • SHARE • JOIN • REVIEW http://reimastermind.net/ (Website) https://reimastermindnetwork.locals.com/ (Join the REI Mastermind Network on Locals!) https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661 (Apple Podcasts) https://podcasts.google.com/feed/aHR0cDovL3JlaXJvb2tpZXMubGlic3luLmNvbS9yc3M (Google Podcasts) https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q (YouTube) https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ (Spotify) https://www.stitcher.com/show/rei-rookies (Stitcher) https://www.deezer.com/us/show/2148782 (Deezer) https://www.facebook.com/REIMastermindNet (Facebook) https://twitter.com/rei_mastermind (Twitter) https://www.instagram.com/reimastermindnet/ (Instagram) SUPPORT THE SHOW! Self Managing Your Rental Properties? https://app.rentredi.com/signUp/JCH191 (Get 6 months of RentRedi for $1! Click this link!) https://www.patreon.com/reimastermind (Get Exclusive Content on Patreon! • https://www.patreon.com/reimastermind) https://bit.ly/reiappsumo (Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo) https://drop.com/?referer=3DC729 (Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729) "You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack
Trends are examples of significant change at the macro or global level. Today's guest explains how “while the governments control their nations, the game is fixed, despite their manipulations, the end-game economic trends can be forecast.” Gerald Celente, the Founder/Director of the Trends Research Institute and publisher of the weekly Trends Journal magazine says, “We are in the worst financial crisis, geopolitical crisis, and socio-economic crisis in the history of the world.” Robert Kiyosaki adds, “the bubble has met the pin.” Host Robert Kiyosaki and guest Gerald Celente discuss the cold, hard facts and the trends shaping the economic future. Want three months of the Trends Journal FREE? Use Promo Code RICHDAD at Checkout https://trendsresearch.com/richdad
Today, Erik is joined by friends Henry Kim and Stephen Vereb--2 long-time business partners who cracked the code on how to move from franchisee to passive investor. Erik, Henry, and Stephen talk about the journey that led them from franchisees with a few locations to investing in over 30 passive investing deals in 2022. The group shares the tips and tricks that they've learned to move into the investor quadrant, as explained by Robert Kiyosaki. Did you know you can listen to the Franchise Secrets Podcast on your favorite platforms? Spotify: https://open.spotify.com/show/4BpskQS... Apple Podcasts: https://podcasts.apple.com/us/podcast... Learn more about my franchisee mastermind here: www.franchisetribe.com ⬅ Learn more about my franchisor mastermind here: www.franchisortribe.com ⬅ Learn more about my passive investing mastermind here: www.tribeofinvestors.com ⬅ Want to buy a franchise? Connect with me here: https://forms.gle/n4JedEuU5p7asE617 ⬅ Want to franchise your business? Connect with me here: https://forms.gle/n4JedEuU5p7asE617 ⬅ Don't forget to subscribe to the Franchise Secrets Youtube channel so you don't miss out on any content! http://www.youtube.com/channel/UCGL_D...... Add Erik as a friend on Facebook: https://www.facebook.com/erik.v.horn/ Follow Erik on Instagram: https://www.instagram.com/erikvanhorn/ Connect with Erik on Linkedin: https://www.linkedin.com/in/evanhorn/ Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.
Once shy, reserved and someone wouldn't speak up for himself, what started out as curiosity soon became a passion as the spark inside Agi Keramidas came alive. After serving in dentistry for more than 20 years, Agi's mission is now to inspire his podcast audience to stand out and take action towards the next level of their lives. Agi embraces a completely different way of living his life as a podcaster and knowledge broker on a lifelong journey of Personal Development Mastery. KEY TAKEAWAY “There is that phrase that says that most people know what to do but they don't do what they know. That is true, as simple as it is.” BOOK RECOMMENDATIONS* The One Thing by Gary Keller with Jay Papasan - https://amzn.to/3Bb6Mwb The Compound Effect by Darren Hardy - https://amzn.to/3Bdu3xm How to Win Friends and Influence People by Dale Carnegie - https://amzn.to/3opuvRs Rich Dad Poor Dad by Robert Kiyosaki - https://amzn.to/3aZF0YK ABOUT AGI KERAMIDAS Agi Keramidas grew up in Greece, and when he was 35 he moved to the UK, following a calling he had since he was a teenager. A dentist by profession, he is a critical thinker with a Master's degree, yet at the same time deeply spiritual. His latest venture is helping coaches reach a global audience by creating, launching and scaling their own top-quality podcast, even if they're not tech-savvy and are limited on time. CONNECT WITH AGI Podcast: https://personaldevelopmentmasterypodcast.com/ Website: https://agikeramidas.com Facebook: https://www.facebook.com/agi.keramidas/ LinkedIn: https://www.linkedin.com/in/agikeramidas/ ABOUT THE HOST - AMY ROWLINSON Amy is a Life Purpose Coach, Podcast Strategist, Top 1% Global Podcaster, Speaker, Mastermind Host and Property Investor. Through 1:1 and group coaching, Amy works with individuals and businesses to improve productivity, engagement and fulfilment, to banish overwhelm, underwhelm and frustration and to welcome clarity, achievement and purpose. WORK WITH AMY Amy inspires and empowers entrepreneurial clients to discover the life they dream of by assisting them to make it their reality through their own action taking. Helping them to focus on their WHY with clarity uniting their passion and purpose with a plan to create the life they truly desire. If you would like Amy to help you to launch your podcast or to focus on your WHY then please book a free 20 min call via www.calendly.com/amyrowlinson/enquirycall KEEP IN TOUCH WITH AMY Sign up for the weekly Friday Focus - https://www.amyrowlinson.com/subscribe-to-weekly-newsletter CONNECT WITH AMY https://linktr.ee/AmyRowlinson HOSTED BY: Amy Rowlinson DISCLAIMER The views, thoughts and opinions expressed in this podcast belong solely to the host and guest speakers. Please conduct your own due diligence. *As an Amazon Associate I earn from qualifying purchases.
After realizing that the could become his own bank and start building wealth. M.C. Laubscher, is an Entrepreneur and Investor, he is also the founder of Cashflow Ninja and the creator and host of the top-rated business and investing podcasts, Cashflow Ninja & Cashflow Investing Secrets. The importance of starting small with solid fundamentals, followed by continuous growth and ultimate success. He recommends that those interested in learning more about this topic visit his website, https://accountableequity.com/![00:00 - 08:27] Opening SegmentIntroducing M. C. to the show!He recommends, “Rich Dad, Poor Dad by Robert Kiyosaki”[08:28 - 17:17] Leverage The Power Of CommunityM. C. invites listeners to his podcast, “Cash Flow Ninja “Leverage the power of communityDifferent ways in which business owners and investors can position capitalBenefits of using life insurance[17:18 - 20:21] Capitalize On Isometric OpportunitiesM. C. discusses the importance of having liquidityDiversified income streamGuidelines for being a real estate professionalCapitalize on isometric opportunitiesThe current economic conditions and how they will affect investors[33:45 - 46:48] Closing SegmentM. C. advises how to position oneself for opportunities in tough economic timesSee the links below to connect with M. C.!Quotes:"I always try to simplify things for myself.." - M.C. Laubscher"The core principle here for investors is what situations are there, where I can position myself which is going to benefit from all of these distortions and capitalize on it." - M.C. Laubscher"Fortunes are made is in tough economic environments." - M.C. Laubscher Connect with M.C. through LinkedIn, Facebook , Podcast, or visit his company at https://accountableequity.com/ ! Connect with me:www.5talents.capitalLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> firstname.lastname@example.org I Help People Build Wealth And 10X THEIR MONEY By Establishing Multiple Income Streams Through Multi-Family Real Estate Investments.Our blueprint to financial freedom is streamlined so you can get going in multifamily commercial real estate investments fast. Here's how:STEP 1JoinStart by joining the 5 Talents Investor Club. A community of people just like you who are looking to grow their wealth and achieve their financial freedom.STEP 2LearnOnce you join, we'll take some time to learn about you and our goals and share resources that will help you in your investment journey.STEP 3InvestWe'll help you invest passively in multifamily real estate together in a group so you can create passive income and grow your wealth.STEP 4RelaxEvery investment builds additional streams of passive income, getting you one step closer to financial freedom.Support the show
In this episode, I have the opportunity to sit down with Christopher Nelson. A technology executive out of Silicon Valley who's figured out the secrets to helping you achieve passive income as a W-2 employee. Grant Hey, everybody, welcome to another episode of Financial Investing Radio. So today I have in the house with me, Mr. Dr. Why don't want to call you. Sophisticated, brilliant. Christopher Nelson is in the house here with me today. I love his subtitles technology executive real estate investor, author, podcast hosts and inventor of the space station. Was that right? Or did I get that right? Christopher I think you may have stretched on the space station. But I you know, space has always been a dream of mine. Right? I am a low tech tech technologist, a bit of a geek. So yes. Grant Excellent. Excellent. Well, okay, so let's start with that. technologist geek. What does that mean? What? Tell me about your background? Christopher Yeah. So So my background, you know, interestingly enough, I started with just a love of technology, right? You know, I heard some people tell stories, the other day of how I think exploring and wanting to take apart, you know, televisions and, you know, anything remote controls, understand how they worked. And I just was fascinated, especially as the computer age started taking off. What can we do with these? So, you know, my thought was, I wanted to go to university and I wanted to learn how to become a software engineer, so studied very hard. And then when I went to my first internship junior year, with a large database company, and I was by myself working on this code, I started going crazy. I started thinking, what am I going to do? Like, I, I love this, I do not like this. And it was actually in a job fair that I met somebody who, who had a similar major who was working in technology consulting, he said, Hey, there's different things. It's not all you have to be a software engineer, I solve difficult technical problems with people moving businesses forward. And so that really, I mean, hit a lot of cylinders for me and took me off into technology, consulting, which is where I started my career. Grant That's awesome. I love that background. i It's funny, I didn't know that about you. I had a similar journey. I come through the technology world. But I ended up bouncing from doing my first startup right out of college. Because when you come out of college, I don't know if you know this, but you typically have all the answers, right? So so I jumped, I jumped right into startup, I'm gonna go solve these world problems. Clearly, everyone's having struggle with course, I failed miserably on my first startup. So then I jumped into the technology consulting world with back then one of the big six, you know, in Chicago doing some technology work. But yeah, it's funny, I jumped to the people side of it, also. And that, that was liberating for me, because if I spent all the time just and I love I still code today, don't tell anybody. But I use it as a tool to keep my brain active. But if I had to read every day, all day, I think I'd go crazy. Christopher Right? And, you know, it's, I actually tried to now actually take that message to people, kids graduating from college is the fact that you can actually be involved with technology. And it doesn't have to be this one way like we see, you know, again, media, movies presents this one view, but there's a lot of other things that you can do. And I found that it was great start to my career, to really get me launched. Give me a ton of skills. Give me a great background, because I did I went to work for Accenture, right that came out of one of the you know, the big six became the big four. Yeah, it was, you know, one of the big four back in the day. Well, well, we're constant names. Grant Yeah, I did. KPMG. So there you go. Yeah, technology. There we go. Wow. Okay, which office were you located? Where were you? Christopher At San Francisco. I mean, I felt like that was a great opportunity because I while I was doing the tech consulting thing I did want to work for high tech, like I wanted to work for companies that were really, you know, moving the needle. And that's actually set me up. So about eight, nine years into my career, I realized that I had this great experience. And this is what I call in my book, Your career capital, which is a combination of your education, your experience and results. And I realized I could actually go trade this for equity in startup companies, because like you said, I've been working for these tech consulting companies, I got that figured out, right? Well, I went to work for my first startup, abject failure, right, I found myself and then a year nursing and Ulster having a bad boss. And I didn't know how I got there. But taking a step back, and I think a lot of us figure out pass through failure. And so I don't think we should fear that. And I realized I did not look like I did not think like an investor with my time. Like I'd been, you know, in the in the stock market investing since, you know, the 90s. But I had not thought like an investor with my time. So went back, put together a due diligence criteria started work in my network, what did people recommend? The next company I chose employee for 17, at a company called Splunk, in 2011, and up IPO in 2012, and it turned out to be a big win for my family. Grant Yeah, that's absolutely cool. Yeah, Splunk, boy, they have done a great thing for the industry. It's funny, united, similar routes, I, after I did my KPMG route for a number of years, I had this itch to get out to Silicon Valley. And so I was chatting with this startup company out there. And, and I said, my wife, you know, I'm just gonna fly out, you know, we're in Chicago, the time's gonna fly I just checked, probably won't do this, right. Uh, probably, but I just gotta go check them out. And of course, I get in there. I'm talking with them. And after several hours of whiteboarding and brain, brain exciting things, they go, do you want to, you know, come join us? And I'm like, Oh, I think the answer is yes. You know, and I remember being on the phone in the little conference. You know, maybe my mind's changed. You know, I think we're switching. We're moving out here. Yeah, I did several startups out there as well. And those course weren't much different. So you know, you need to have that first one that kicks you in the teeth, right? And it's like, okay, wait a minute. You do, you do? Christopher And I think sometimes, right? It is, you know, those those learnings that help like anything else, right? I mean, this is where I'm trying to now build this thesis and conversation around, it's an investment of your time. So sometimes you go, you get skin in the game, and it's not the right thing. But then does that mean you stop investing altogether? No, you go and adjust your lens and you you go, and you get feedback, and then you go, and you do it again. And maybe this time you say, I'm just gonna, in my head, I may sign a four year contract, maybe let me just do two years, see what's there and track it as they go along. You're going to also be looking at those quarterly meetings, when they're giving readouts a lot differently, you're going to look at the market a lot differently and say, What can I do with my time? Grant So I think that's one of the cool things that I noticed about you when I was reviewing your profile. And it was this, it was not just let me go after doing this startup. But it was to leverage what I'm getting out of this either equity opportunities, but to move it into some passive opportunities. And I think that was, for me a real Aha, like, you know, earlier in my career, I wasn't even thinking that right? I'm doing the various startup companies. I'm like, go, go, go, go go. And you think you've got all this endless energy. And at some point, you think that way, but what I love is a year connecting the dots from take that energy and translate it into this passive mechanism that's going to benefit you. So I don't want to steal your thunder. But talk more about... Christopher Well, well, what led me to that is it was actually that first IPO. So all of a sudden, you know, I'll never forget that day was you know, April 18 2012. Phenomenal day. And but the most memorable moment wasn't this big party, the fact that it went out double what we thought it was, was when I went home that night, my pregnant wife is sitting there, she asked me two questions. She says, When can we get the money and when can we buy the house? And I had no answers. And I literally went into the next room and started emotionally, you know, falling apart a little What I didn't realize is I was experiencing what's called a sudden wealth event, which is sudden wealth syndrome, which is a psychological syndrome that when you have these things you feel lonely, depressed, stressed out. If you're not prepared. You're not and I wasn't like I'd fought so hard to get there like most of us do. I wasn't prepared aired in so what I found grant is that many people aren't prepared like they like and I literally have been interviewing a lot of people from my book a lot of technology in place. And they will. I heard Mark Cuban say like you have to work for equity if you want to get ahead or, you know, I heard Gary Vee or somebody, Robert Kiyosaki gives them the idea that they want to be an owner. They go get it, and then that's it. They stop. And so my experience was okay, now we got this. I was okay. How do we now start getting this? You know, because I was tired during the six month lockout period, over 90% of your wealth and a single stock. I'm telling you, man, like I ate a ton of Tom's during that time, like you do. Yeah. Yeah. So it was really been this plan of, you know, how do we start moving it into something passive? How do we get it to that, you know, Kiyosaki goal. And so as we were doing that, as we were, you know, scouring the earth in the Bay Area, trying to understand it, we started getting exposed to real estate syndications, we started getting exposed to crowdfunding. And we realized that we had to get sharp on the math, we need to really understand how to do diligence, how to, how to invest. And, you know, we went on a journey of where we figured out how to start getting some skin in the game that, you know, was something that we could afford that we could afford to lose, and start really understanding those types of investments. And as we started seeing more and more success, other people started raising their hands, because we were very excited, we would talk about what we're doing. We always feel, you know, with our children with our friends, we should talk about careers and money. Like we should just have the conversation in an appropriate way. Not in a braggadocious way. But in a What are you doing? What are we doing? Because if we don't talk about it, you know, like you do here? Yeah, we don't do anything is people who sit on it. Yeah. Yeah. Grant You do, you do sit on it. Absolutely. So. So tell me about I think I saw something that you wrote. "From No Dough to IPO". I love that. Christopher Yeah. And so this is, this is the first book that I'm writing. And it's really going to be a playbook on how to tech employees think like an investor when trading their time and talent for equity. Right. And I want it you know, you said it grant like, nobody gave us the playbook. Right, we had to go in there. And we had a trip over our own shoelaces, you know, get beat up, figure this thing out. I you know, I have interviewed people in my network who have done three or four IPOs serially, I've interviewed people that have never done anything pre they've all been in post companies, and they get these companies public, and they take them from, you know, 500 million to a couple billion dollars. And they've gotten tremendous wealth, already liquid the whole time. And I've turned it around and put it into a framework so that w two employees can really be time investors and say, you know, for myself, I had lost a small business. That was my side hustle, I was broke in, I realized I had to go and work for startup companies if I wanted to get ahead. And I think many people are trying to figure out, how do they leverage their skills, their time and their talent to do that? I wanted to put it out into a book that says, here's how you actually set yourself up. Here's how you negotiate for the equity. And then once you get it, what do you do you need to plan protect, and then you need to start producing passive income. Grant So that framework that you've alluded to, and obviously it's in your book and what it is that you provide in terms of services to others? Sure. In that framework, how far does your organization get involved in terms of taking people through that and applying it as a good go all the way through into the real estate piece itself? Or tell me more about that? Christopher Well, so I mean, the book is really launching the education platform. So right now the book is really the key anchor, we are looking to follow with some online training that people can do. And we're considering some coaching programs. But yeah, I mean, getting back to the origin story is that this this endeavor started from us doing done for you investments for technology employees, my wife and I who were actively investing in, you know, multifamily in ATMs and mobile home parks. We were asked by our friends to help start creating some vehicles for them because they wanted the success they didn't want to go put it together. So that's how Welford capital was born five years ago was in in an effort to help technology employees and you know, we're the lead investor, we're leading with our families dollars, we're creating a model portfolio that's based on where we've taken our tech equity and how now we've put it to work in real estate with our my wife and I shared goal the goal of getting to $300,000 of passive income a year. Grant Yeah, that's awesome to get to that. Point, what's the trajectory? Like? And I? I'm sure part of the answer is how much you're putting into it financially. But in order to in order for someone to get to some, I guess what I would call, in fact, I was watching on your YouTube channel use an interesting phrase I'm looking at right here. It was something like, yeah, you wanted to get to a point where your passive income could overcome your W two income, you made that video. So I realized that's gonna vary by person. But yeah, sure range like, Is it A, is that a two year or five year journey? What does that look like? Christopher Well, I think to your point, Grant, it depends on, you know, how much you can deploy, I really think that it is a five year plus journey. For most people, I think that if you have if you're sitting on a ton of dry powder, right, if you've had, you know, a couple of exits, you know, still it's gonna take time to deploy that capital. Right. And this is what I tell people is, if you walked in, you know, with $10 million, you would not want to put that into a single real estate investment, because then you're going to have the same thing you should if you're sitting in the single tech stock, you're gonna be not diversified. Right? So I think on average, it's, it's, it's a five year journey to really start making some impact. And this is why, you know, I want to go upstream to people earlier in their careers thinking about it, because my honest belief is that if I can free technology employees from having to work for a W two, many of them still want to make an impact. And this is the conversation I love having is if you didn't have to work for money, what would you do? You know, eight out of 10 tech employees don't say I'm gonna go travel the world, they'd be like, I want to solve this problem, or I want to fix that problem. And that, to me, is is really powerful in our community, right, as a technology employees is how can we unleash that power, and allow people to do the impact work and not be focusing just on the survival work? Grant So I have a fundamental question for you, when I saw that your focus was on the tech space employee. I'm assuming this could apply to any sort of w two employee? Or is there something about what you're doing that says, This is really relevant to a tech space employee? Christopher Well, so the reality is, is, you know, I want to be able to speak into my people, my focus, my niche is focused on technology employees that I really understand, I understand, you know, their concerns, I understand, you know, you know, how it is, it's a very high paced, fast paced lifestyle. And so, in. So that's where, like, my writing my books, and everything is very much focused on how do I help these people and try and pay it forward, if you will. Now, on the real estate side, it's interesting that I've been very focused on technology and plays in helping them however, different people relate to the story, right? I mean, I have people that come in and say, Oh, I've I've gotten equity, it hasn't been in tech. Can I invest with you? Of course, you can, you know, or, interestingly enough, I had a jockey that reached out and wanted to get a call and said, I actually won this big stakes race. That was my big one. And I went through the sudden wealth event, I really related to what you were talking about that, can I invest with you? And so of course, I'm open to everyone participating in our investments, but I just feel really nobody feels sorry for somebody who goes through the sudden wealth event, right, you know, works in an IPO, all of a sudden, you get a multiple seven figure, payday, nobody feels sorry for them. But those people still struggle. A lot of us, myself included, didn't come from money, had no idea what to do with it. Yeah. Right. And so it's really, you know, in my mind that I want to really help and lean back into my community, because as I mentioned before, like I think that that community, financially independent will actually then turn around and bring some huge benefits to to everybody. Grant I can relate with that, I grew up milking cows and hauling hay. So yeah, that was that was that was the foundation of that. So I'm interested in your thoughts around because one of the cool things I saw that you did was you're helping people think through their career paths, and with everything that's taken place with COVID and the impact to the workforce and and even what people are expecting from their jobs today and how that changed. The mindsets changed. How is that impacting the things that you're doing? Christopher Well, I think it's creating more opportunities, right? I think coming post COVID I mean, it was in the middle of COVID. I ended up going back to work for another technology company. I had a very interesting offer. And it was for an all remote company that was built all remote they came it was developed all remote in 2011. And it had an An amazing trajectory and amazing story. And it was important for me to really experienced that because I think that the future of technology employment, while I know a lot of people are being brought back into the office, I think it will truly, ultimately become hybrid, that where you're going to have office time to connect, you're going to have a lot of home time. What this allows for, you know, I think certain roles, certain specialized roles is the ability to make tech money and live in the low cost, you know, income or a low cost of living areas. Yeah, that wouldn't change. It is in this to me provides opportunity to what to save more to invest more, right? There's this whole concept of people talk about lifestyle by design, well, what if you designed your lifestyle to invest more, and I mean, this is what, you know, really motivated us to leave the Bay Area, come to Austin, Texas, in 2017, where, at that point, we got in here at a much lower price point, we are able to sell our house in the Bay Area, get some single family homes and this home, so we're able to now more passive income, right, but lower our overall cost of living so that then we can invest more, I think there's going to be more of that type of opportunity. I think that, you know, there, people are going to be able to have much more flexibility in that geography, which I think creates more overall opportunities. Grant Yeah, definitely see the the change there with that. And in fact, having so many people shift and move around the country right now you see this sort of exodus from some of the coasts, you know, coming in to the Central part, companies, large companies that we've seen, of course, moved out of places like California and such, you've talked about in your material that I reviewed, on your YouTube channel, some of the reasons to invest in real estate, and why you picked that as an avenue for doing this. There's obviously lots of places certainly crypto which has, of course, been kicked in the teeth, you know, recently, but, but why why real estate, he touched on that. Christopher I would say the most compelling reason right now, to be investing in real estate is the income by like, a lot of, you know, asset classes do not provide, you know, to me, there's there's the construct of a investment that says I made for income. Income to me is not a growth vehicle that says I'm going to take your money and expand it know, an income vehicle, like real estate, or like what we used to have in the bond market, you know, pre 2008 is, I am going to preserve your capital, potentially increase that, and I'm going to give you returns on top of that. I think that real estate is the place where then you have a hard asset behind it, that again, gives you you know, those those multiple benefits, I know that, you know, four ways to make money in real estate, right, there's the cashflow, there's the appreciation, there's the equity pay down, and then guess what the tax benefits as well, right? We know that we need a lot less real estate money to duplicate w two or where we want to be with w two income because of the fact that we don't need as much because you get a lot of the depreciation, you really get, you know, good tax planner going there. You know, you can you can reduce that. But this is where, you know, I don't see any other vehicle right now that's going toe to toe that can preserve capital and put cash in your pocket. Grant Yeah. What are your thoughts about current trajectory, you know, around interest rates and potential soft landings of the real estate market? Is that create any concerns for you? Christopher I mean, it definitely creates concerns. I mean, I think that a lot of the the increase in interest rates has slowed down a lot of the transactions on the real estate front. I know that for, you know, multifamily, you know, partners that we have here in Central Texas, you know, there's just a real long pause, like, where's this going to land? And I know, a lot of, you know, investments that were in process, you know, now have have stopped because, I mean, just negotiations because the rates are moving so quickly. I do believe that, you know, this increase in interest rates will do what, you know, the government is looking to, which is going to slow down, cool it off, prices are going to have to start ratcheting down to excuse me move the market forward. But however, in real estate, there are opportunities to buy I know that I'm very bullish right now in the mobile home market. I know also in the self storage market, there still are a lot of opportunities because the fact that those industries have not been standardized, let's say like multifamily, or a lot of you know of some other commercial properties as well, there still are real buying opportunities there. And so I think if you stick to the fundamentals of Buy low, get something that's cash flowing very well, there, then is the opportunity to still make money. Grant Is there a particular asset class real estate that you enjoy more than the others and mobile homes? Is the multifamily? Do you? Is there a particular place people should start, you know, when they think about this? Christopher Well, I mean, I think everybody should start with with the fundamentals. So there's a, a book that I recommend to everybody, it's what every real estate investor needs to know about cash flow by Frank gallon le, and it's a math book, and it gives you the fundamentals. And you go online, you get a spreadsheet, and you understand the math, not complicated, but that's where everyone should start. And it gives you a breadth of asset classes. For me right now, I am bullish, and my partners and I are acquiring in the mobile home park space because of the fact that it's a scarce asset class, scarce meaning that's in high demand. And for the demand, they're not making any more. So that means that if you look at, you know, I have a chart that I share with people that the net operating income of mobile home parks has been steady up into the right since before the year 2000, because of this whole thing that, you know, when you have a scarce asset class, that is going to force appreciation. The other thing is, you know, there's there's a lot of inefficiencies, and a lot of, you know, mom and pops that are baby boomers that are looking to get out right now. So, you know, with a good operations team, there's, there's a buying opportunity. And I do want to I think one of my partner said the other day, and I love this piece of advice to say when when times are good, you want to be in affordable housing, when times are bad, you really want to be in affordable housing. Well said, yeah, right. I like that. I literally wrote it down. As soon as it says, I go, that's gold, that isn't that is good. Grant I picked up that wealth word is a verb. That's one of the things that I discovered in reviewing what you're doing. Tell me more about this verb. And what I mean by that is, I'm trying to relate it to those that are listening, where they may or may not be in the tech space. But let's say you're in the tech space, and they're early in their careers, and they're thinking, How do I get started? What do I do next? What's the verb? Right? What's the action that I should do? What I start doing differently? Christopher Well, and so the whole concept is always be moving towards wealth. And this is always just having your eyes and I do have spec. So you know, having your investor lens on. And so I think that, if it's in your W-2 job, you know, it really is then how can you work for equity? How can you get a piece of ownership and this, you know, I call it Kiyosaki is bridge, like he doesn't call it out in his book, because he sort of has, you're the employee and the owner over here, there's this gap. But equity when you're able to get, you know, again, can that be in technology companies? Sure, could you, you know, I know people work in private equity companies, they get staked there, you know, and other public companies, you can too. But if you're working for equity, and you have salary, you know, a bonus, and you have this equity, what I always tell people, then you can live on your salary, you can party with your bonus, and you invest all your equity, you know, that then gives you this additional capacity to be able to start investing. And then, you know, as you and I both know, on the investing front, it's how do you stay diversified? How do you have a portfolio that's fit for your lifestyle, and you have goals, and you're working on it? And to me, you know, in my wife and I created this word, you know, sitting around and trying to think of how can we create this word that really encourages people to just be thinking about moving towards wealth, which could be your health, right? You want to be taking care of your health, you want to be taking care of your mind, you know, because wealth to us is an abundance of resources. And that can be you know, energy, it can be, you know, a network, right networking with people is moving towards wealth. So, that was really the spirit behind it. Grant That's awesome. I love that now if someone wanted to learn more about you and your organization, what you're providing where do they go? How do they find this? Christopher Well, they can go to Wealthward.com. That is my core website where they can go learn more about what we do and get time on my calendar. They want to understand what we're doing in the mobile home park space, that is ThriveCommunity.fund. There they can go see a free webinar of you know, really how we're, we're, we're really doing something very really interesting in that space and have this blue ocean concept. And then tech careers and money talk. That is my podcast I'm recording episodes gonna be launching in September. But that's tech careers and money talk where, you know, like yourself, I'm facilitating this conversation in the corner of tech careers, you know, and really, there'll be a Tuesday episode. That's all about how you build and grow your career. How do you go from individual contributor to manager, there's going to be a lot of strategy, there's going to be a lot of interviews and use cases, then Thursday's money day, right? We want to bring in stock options, lawyers, what do you need to be looking for when you're negotiating for equity? How do you generate passive income? How do you buy houses in high cost of living areas? Right? We want to really speak into all the problems and challenges that people have and in hear from people who've been successful. Grant What a fun journey. I look forward to listening to what you're doing on your podcast. That's really awesome. Christopher Well, yeah, and I mean, it sounds like, it sounds like you're gonna be a guest too, because little did I know about your secret tech background. Like I think we got some, some stuff to talk about. Grant Oh, yeah. Like I said, at the beginning, three in Silicon Valley sold them all IBM acquired one of them. So I spent some time as an executive, they're definitely bounced out of that world. Christopher Yeah, I'm ready. Yeah, I'll be on the other side of the mic. I'll be asking the questions. There you go. Grant That's right. Good stuff. Christopher, this has been a pleasure. Any last comments you'd like to share with our listeners? Christopher Well, I think, you know, what I always like to share with everybody is just the fact that, you know, if you ensure that you are taking time, energy capacity to focus on this building your wealth, I think there's a true opportunity to, you know, live a life that is sustainable, and you can actually design it yourself. So that's my encouragement. Grant Why don't they teach this in school? Christopher Well, they may soon enough, I'm I'm working on that curriculum to say. Grant I think you're the one to put that curriculum together. So that's right. Yes. Hey, thanks for joining everybody. Thanks for listening to this episode of Financial Investing radio and until next time, reach out to Christopher Nelson. Thank you for joining Grant on Financial Investing Radio. Don't forget to subscribe and leave feedback.
¿Alguna vez has escuchado la frase “no trabajes por dinero, haz que el dinero trabaje por ti”? Si es así seguramente has leído el libro "Padre Rico, Padre Pobre" de Robert Kiyosaki. Esta frase ha sido malinterpretada de manera catastrófica. Algunas personas quieren hacerse millonarias de manera fácil y rápida, y son estas personas las que suelen caer más en estafas de redes sociales. Pero ¿por qué sucede esto? La verdad es que la creencia de que podemos hacer dinero de la noche a la mañana se ha incrementado por la malinterpretación de esta frase en particular. En este episodio de Despierta Tus Finanzas Podcast, conversamos acerca de la creencia de hacer dinero fácil y rápido, cómo lidiar con la ansiedad de no tener el dinero “trabajando por ti”, cómo se puede alcanzar la libertad financiera siendo empleado o emprendedor y por qué tu crecimiento financiero depende de ti. Recomendaciones: Programa: Despierta Tus Inversiones ¿Te gustó el episodio? Déjame un rating ★★★★★ y review al podcast. Así juntos construimos una comunidad de inteligencia financiera más fuerte. _________ ¡Evolucionamos! Ahora somos Despierta Tus Finanzas podcast. Escucha nuestros episodios anteriores bajo el nombre de Finanzas Orgánicas. Descarga GRATIS nuestro e-book "Retos y Caminos hacia el Bienestar Financiero" Únete a nuestra comunidad en Instagram: @juliofinance | @fintelhub Visita la web de Fintelhub
When you look around at the economy and world, it's not hard to see that the entire financial system is undergoing a massive change. For most of our lives, we focus on accumulating wealth, whether through our job, investing in real estate, or starting companies. However, in this chaotic environment, if we do not create a capital allocation plan, we run the risk of losing what we've worked so hard to gain. Thankfully, in today's episode, M.C. Laubscher shares his approach to building and preserving our assets, so we can create an enriching and abundant future for the people we love!M.C. Laubscher is the host of Cash Flow Ninja, a podcast that has over 6,000,000 downloads! M.C. has interviewed many hundreds of Cash Flow Ninjas, such as Robert Kiyosaki and Grant Cardone, to uncover the strategies that we can use to grow and preserve our wealth in a changing economy. In today's episode, we discuss…How M.C. was able to start multiple successful companies after coming the to U.S. from South Africa with only $500.Infinite-Banking and how you can create your own personal banking economy to invest in cash-flowing real estate without paying taxes. How the global technological revolution will disrupt the financial system that we are all familiar with.Why Elon Musk invested in himself after selling PayPal, instead of storing his wealth in stocks, bonds, and mutual funds.If you want to hear how one of the leaders in the podcasting space approaches growing and preserving his wealth, or you want to know how to position yourself in this period of massive wealth transfer, then this episode is a must-listen!Keep Making Milestones, Ben MalechSubscribe to my Mailing List!!!! Click HereIf you want to learn more about the M.C., you can find him at:https://cashflowninja.com/ To learn more about Ben, connect with him through:Ben's Website: https://benmalech.com/Ben's LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben's email: email@example.comResources Mentioned:21 Best Cashflow Niches - M.C. LaubscherRich Dad, Poor Dad - Robert KiyosakiA Creature From Jekyll Island - G. Edward GriffinShow Notes:1:00 - MC's journey to the USA3:00 - MC's first real estate investment 4:45 - How MC became his own banker6:30 - What is a Cashflow Ninja?9:00 - What Cashflow Ninjas do differently10:20 - The fourth industrial revolution14:00 - MC's Stable of Horses for capital positioning18:50 - Framework for your personal finance strategy20:30 - How Elon Musk does it26:00 - What is Infinite Banking?30:00 - Where should you store your cash?34:45 - How to build wealth Tax-free39:00 - Why Warren Buffet loves insurance46:30 - Lightning Round!49:30 - How to overcome analysis paralysis51:20 - How MC lost everything and built back better
Today's Guest: Andre Haynes Andre, also known as “Renaissance” is a real estate investor, author, content creator, and entrepreneur from the Ida B Wells projects on the south side of Chicago. Andre was adopted at age 6, and from 18 to 27 years old he was a struggling parent and hip-hop artist with no knowledge of credit and money. The only thing he knew was how to write songs and survive on the bare minimum. Andre stepped away from music, got a job in sales and marketing, and shortly found his way into real estate. He is a self-educated investor with a portfolio valued at over $1M and has recently been featured as a guest on BiggerPockets. Highlights From The Show: We begin the episode with Andre sharing his background story. Andre told me that he doesn't come from money and financial literacy. However, he couldn't use that as an excuse not to be successful. After high school, he started pursuing his career in music as a rapper, but after 10 years in the game, Andre realized that it wasn't what he wanted to do. He was living a fake lifestyle and struggling to take care of his family. He had not given up on his goal of being successful, but he had to pivot to find a different path. Andre stepped out of the music industry, got a job in sales making cold calls, and earned a regular income. This was not going to make him successful- Andre wanted more. He started researching how regular people could become wealthy, and this led him to read Rich Dad Poor Dad by Robert Kiyosaki and Money Master The Game by Tommy Robbins, which changed his life. Next, we talk about how Andre started his career in real estate. According to Andre, once your mind is opened to the world of financial literacy and investments, your opportunities explode. When Andre discovered that he could use the money he was earning to leverage stock, real estate properties, and other investments, he became untouchable. The average person is not an athlete or on TV, but is one who is working in a job and investing their money to get wealthy. Once Andre discovered this, it gave him a purpose to get up each morning to change his life and help others change their lives with the same information. He started investing in real estate by giving up unnecessary expenditures and working overtime to save money for investment. When it was time, all the right doors opened, and he was connected to the Neighborhood Assistance Corporation of America (NACA) program, which helped him to make his first investment in a multifamily house. We then discuss Andre's first multifamily investment and how he found the property. He shares that he went on the MLS and worked with an agent. This was back in 2015, and things weren't as easy as they are today. Multi-units were a hot commodity, and they sold faster than single-family homes as many people are looking for cash flow. It took time for him to find it, and it came at a moment when he wanted to take a mental break. He was frustrated because he had pursued 10 to 20 properties and none worked out. The evening after speaking with his agent about taking a break, he found a great deal on the MLS, a multifamily house that was fully occupied, renovated, and with one unit for him to move into. Someone had listed it in the middle of the night. Andre called his agent, who wrote the offer for him, and he finally had his first investment property. Next, we talk about Andre's book 5 Step Guide on Getting Your Shit Together. Andre shares that he wanted to give people the personal blueprint he used to get his life in order. The book is direct and to the point, and an easy read. It aims to spread knowledge on the benefits of a healthy mentality, personal financial responsibility, business, self-help, and most importantly, the help of others. According to Andre, writing a book is not easy, but you have to go through the process to get the results. It's never going to be a straight line, and you've to sacrifice to succeed. Lastly, we talk about how Andre makes money in real estate. He shares that he makes money through Peerspace and multifamily rental income. Peerspace is similar to Airbnb, but people don't spend a night on the property. He has done it with his house, where he rents out space to people who want to shoot movies, throw dinner parties, and for entertainment. He also teaches various courses in real estate and has a ton of resources, including videos to help people get it right in real estate investing. Make sure you don't miss another amazing episode of the Just Start Real Estate Podcast with Andre Haynes and get valuable information on how you can start investing in real estate! Notable Quotes: “Once your mind is opened to the world of financial literacy and investments, they become addictive.” Andre Haynes “Don't use your background as an excuse not to be successful. There are others who have risen from the worst.” Andre Haynes “Success in real estate is achieved through delayed gratification.” Andre Haynes Thank You for Listening! Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook Help Out the Show: Leave an honest review on iTunes. Your ratings and reviews really help and I read each one. Subscribe on iTunes. Resources and Links From Today's Show: Andre on Linktree Andre on Instagram Andre on Facebook Andre on TikTok More Resources From Mike: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months WINNING DIRECT MAIL - How to CRUSH IT with direct mail! 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!
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