Podcast appearances and mentions of Thomas Stanley

Scopri i segreti dei milionari che vivono accanto a noi! In questo video, esploreremo le 7 lezioni chiave tratte dal celebre libro "Il Milionario della Porta Accanto" di Thomas Stanley. Impara come le persone comuni hanno raggiunto il successo finanziario attraverso abitudini quotidiane e strategie intelligenti. Dalla gestione del denaro agli investimenti, queste lezioni ti ispireranno a prendere il controllo del tuo futuro finanziario. Non perderti questi preziosi consigli che possono trasformare la tua vita!

Our guest on the podcast today is Dr. Preston Cherry. Dr. Cherry is the author of a new book called Wealth in the Key of Life: Finding Your Financial Harmony. He's also founder and president of Concurrent Wealth Management. In addition, he serves as Assistant Professor of Finance and Head of the Personal Financial Planning Program at the University of Wisconsin-Green Bay, where he also serves as the Director of the Charles Schwab Foundation Center for Financial Wellness. Prior to assuming his current roles, he served in lead and internal financial planning roles in institutional retirement sales. He has also served as co-investment manager at a Registered Investment Advisor and as a mutual fund wholesaler.BackgroundBioLife Money Balance podcastWealth in the Key of Life: Finding Your Financial HarmonySchwab Center for Financial WellnessThemes in Book“What Is Financial Freedom?” by Preston Cherry, concurrentfp.com, July 9, 2024.“Building Wealth With Gratitude: Essential Tips for Gen X,” Life Money Balance podcast, youtube.com, Nov. 26, 2024.“How to Retire Comfortably: Essential Financial and Emotional Tips for a Joyful Retirement,” by Preston Cherry, concurrentfp.com, Nov. 13, 2024.Other“Dr. Preston Cherry: ‘Money and Life Intertwined,'” The Long View podcast, Morningstar.com, Nov. 22, 2024.Songs in the Key of Life, Stevie Wonder album“Does Money Buy Happiness? Here's What the Research Says,” by Michele Berger, knowledge.wharton.upenn.edu, March 28, 2023.The Millionaire Next Door, by Thomas Stanley and William Danko

Send us a textOn the latest episode of The Get Ready Money Podcast, I spoke with Charlene Cong, CFA, investment coach and founder of FinFit about changing the way we think about money and democratizing financial literacy. In this episode we discussed:Simplicity wins with money. Why a long term mindset and consistency are critical for success.Investing is for everyone, not just for the rich.  What is a Chartered Financial Analyst (CFA)?The relationship between fitness and finances. Start investing as early as possible - invest for your kids (it's the power of compound interest). Charlene H. Cong, CFA, is the founder of FinFit GmbH, a finance and investment educator, podcaster, and YouTuber. With over 10 years of experience in the banking industry, including a tenure at JPMorgan Asset Management, she is a Chartered Financial Analyst based in both Hong Kong and Switzerland. Charlene is an Executive Board Member of the Swiss Capital Market Forum. Connect with Charlene Cong:Website (website)  www.charlenecong.comFinFit GmbH Website: www.finfitsolution.comLinkedIn (LinkedIn) https://www.linkedin.com/in/charlenecong/Instagram (Instagram) Resources:Budgeting and Spending Template (free): (here)Investment Masterclass: (here)Youtube (here) https://www.youtube.com/@CharleneCongPodcast:Charlene's Podcast (YouTube) Mentioned on this episode:The Get Ready Money Podcast: The Power of Compound Interest with Mac Gardner, Derrick Wesley, Chris Mouzon & Thomas Kopelman (here).Warren Buffett's Annual Letter to Berkshire Hathaway Shareholders (here).The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham (Amazon). The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley and William Danko (here) The Four Money Bears by Mac Gardner (Amazon) The Monster Job by Faith Teope (Amazon)Sammy Rabbit's Money School (here)Support the show

What if the secret to entrepreneurial success isn't what you do but who you know?   In this episode, Marlon Sanders, a trailblazer in internet marketing with a wealth of insights on the impact of relationships in business, explores how strategic connections, forged over decades, can open doors to unexpected opportunities and lead to lifelong friendships. Marlon shares the foundational principles behind his network-building approach, detailing his journey through internet marketing, mentorship, and the transformative power of connecting with the right people. The conversation dives deep into the art of cultivating meaningful relationships, the role of reciprocity in building trust, and the untold stories of impactful relationships that shaped both of their lives.     [00:01 - 08:16] The Power of Relationships in Business Marlon reflects on why Kevin chose relationships as the podcast's focus How relationships became the foundation of Kevin's business philosophy Marlon's perspective on strategic partnerships and lasting connections   [08:17 - 16:46] The Influence of Mentorship and Storytelling Kevin recounts a transformative moment at a Matt Fury seminar Marlon discusses the storytelling skills he learned from industry legends Mentorship's role in shaping both of their careers   [16:47 - 25:04] Methods of Networking with the Affluent Marlon shares networking techniques from Thomas Stanley's book Recognition as a tool to build trust with high-achievers Giving value before asking for favors   [25:05 - 33:29] Acts of Appreciation that Open Doors Marlon emphasizes the importance of showing genuine appreciation Kevin reflects on a client's feedback about wanting more support The role of personal growth in strengthening connections   [34:41 - 43:28] Intentional Action and Connection Marlon discusses Joe Vitale's principle of never showing up empty-handed Kevin and Marlon reflect on the importance of taking intentional action Embracing action as a tool to manifest ideas and build momentum     Key Quotes:   “Recognition can open doors that no other strategy can.” - Marlon Sanders   “If you want to open doors, start by helping others—give first.” - Marlon Sanders     Connect with Marlon: Website: https://www.resellertoolkit.com/70k  LinkedIn: https://www.linkedin.com/in/marlonsanders   Facebook: https://www.facebook.com/marlon.sanders   YouTube: https://www.youtube.com/marlonsanders     Thanks for tuning in!   If you liked my show, please LEAVE A 5-STAR REVIEW, like, and subscribe!    Find me on the following streaming platforms:   Apple Spotify Google Podcasts IHeart Radio Stitcher  

Welcome back to the Prosperous Empath®, during today's episode, I'm excited to share with you some of the books that have completely unlocked new perspectives, levels of growth, transformed experiences in my relationships, with my finances, and have ultimately made the biggest difference for me in business and life over the past decade. Each of the books are either related to relationships, money mindset, or overcoming resistance. I'll be sharing the top 13 books, but breaking them into a two-part series so make sure you're subscribed to the show to be reminded of next week's episode. Now, something I really appreciate about personal development books, leadership books, and self-help books is that some people can be empowered by them, and others not so much... If you are someone who uses personal development books to justify why you are where you are, consider not listening to this episode because I don't want to provide more fuel to that fire. But if you're willing to check your own assumptions and start questioning some of the bounds of what's possible for you and the people in your life, then listen on. After listening, let me know which book you are adding to your TBR!    Topics: How we can intellectualize ourselves out of changing our lives and the role that books can play in this  The way our capacity to receive is indicative of the internal work we have to do to transform our external reality  Using Too Good to Leave, Too Bad to Stay to help you decide if your current romantic relationship is for you or not and cultivate more personal growth  Reading Calling in the One when you're ready to do the work and welcome in a new romantic partner into your life, including Cat's favorite feng shui exercises  Disentangling the way you self sabotage and the ways in which we all self sabotage and hold ourselves back from making our dreams a reality using The War of Art Why Cat believes you need to have the basics in place with your business finances in order to really leverage and scale your money mindset and how Profit First can help you do this  Transforming your relationship with money and believing the good that it can do in the world in order to accrue more of it using Secrets of the Millionaire Mind Uncovering the common characteristics of millionaires in The Millionaire Next Door and how you can apply them to your own life to call in more wealth    Episode Resources: Too Good to Leave, Too Bad to Stay: A Step-by-Step Guide to Help You Decide Whether to Stay In or Get Out of Your Relationship by Mira Kirshenbaum Calling in the One: 7 Weeks to Attract the Love of Your Life by Katherine Woodward Thomas The War of Art by Steven Pressfield Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz  Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Ecker The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley and William Danko   Connect with Catherine: Apply to join the free Unbounded community, a vibrant group of empathpreneurs who are passionate about supporting each other on our entrepreneurial journeys.  Website LinkedIn Instagram YouTube Sign up to receive my weekly digest on empathic entrepreneurship and hear from voices committed to spreading this message, sent straight to your inbox every Friday since 2016, here.    Work with Catherine: Interested in working 1:1 with a certified coach on Catherine's team, or joining her in one of her premium mastermind programs? Schedule a low-pressure call to begin the conversation here.   Visit this episode's full show notes page here ---------------- The Prosperous Empath® Podcast is produced by Heart Centered Podcasting.

In today's episode, Wes points out that the population of mini-millionaires is growing and that society's perception of them isn't always very accurate. Producer Mallory Boggs joins to discuss this latest variant of what authors Thomas Stanley and Bill Danko originally coined, The Millionaire Next Door. They elaborate on five habits that this cohort tends to follow. And Wes points out that although investing is often a critical step to becoming a millionaire, it's perhaps even more essential in the pursuit of staying a millionaire. Learn more about your ad choices. Visit megaphone.fm/adchoices

#224 In 1996, a book came out that forever changed the world of personal finance.  I was only 16 years old but a couple of years later, I became certified as a personal trainer through the ISSA.  My first mentor was the owner of the neighborhood gym where EVERYONE worked out their chest on Monday. Frank Rossi had been owning and operating the All Natural Gym and took me under his wing.  I remember members complaining that the equipment was too old and he needed to upgrade. He didn't let it phase him as he had a plan based on the numbers when he would upgrade.  I was curious then and thought it would be really cool to own a gym one day.  Frank advised me to “save my pennies” and read The Millionaire Next Door by Thomas Stanley.  I saved some pennies but neglected to read the book for decades. I wonder how different things would have been had I read it.  Years later I not only read TMND but I read almost all of Stanley's books.  In The Millionaire Mind, he studied the mindsets and attitudes of very wealthy people. A disproportionally large percentage of those he studied were entrepreneurs.  7 traits were identified as contributing factors to their wild economic success.  In this episode, we dive into the 7 traits and what they mean to us as fitness professionals.  While there is no guarantee of success, it leaves clues and if we do more of the things that are associated with success, our chances are higher.  Getting up earlier was NOT one of the factors that made a difference. This is contrary to what a lot of people say.  Enjoy listening to the factors that did contribute and better yet, rate yourself in those factors.  Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here!  P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping.      

Robert Leonard talks to Jeremy Schneider all about personal finance, and his useful strategies for building wealth for the millennial generation. Jeremy is a successful entrepreneur and software developer, and the founder of Personal Finance Club, a resource that aims to aid investors in the most effective path to building wealth. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 12:57 - The three life-long habits to form in order to build wealth and stay wealthy. 22:03 - A six-step personal finance plan to become a millionaire. 22:03 - How to minimize or pay off debt. 38:38 - Rules for smart investing.  38:38 - Some approaches to investing in the stock market. 01:15:20 - The first thing you should do to get started on your wealth building journey. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: The Millionaire Next Door by Thomas Stanley and William Danko. Recommended Book: The Total Money Makeover by Dave Ramsey. Recommended Book: I Will Teach You To Be Rich by Ramit Sethi. Recommended Book: The Behavioral Investor by Daniel Crosby. Recommended Book: Set for Life by Scott Trench. Recommended Book: The Education of a Value Investor by Guy Spier. Personal Finance Club: Primary Home vs. Investment Property vs. S&P 500. Personal Finance Club: What's the difference between an index fund and an ETF? Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: DeleteMe Monarch Money Fundrise Linkedin Marketing Solutions NerdWallet TurboTax NetSuite Toyota Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

With so many books out there, it's easy to get paralyzed and confused as to what to read.  Today, I'm going to share the top ten books I would take with me if  congress declared a law that said people can only own ten books.  These are the books that have changed my life.  The Top Ten Books for the growing Christian.   Leaders are readers.  Everything you want to become or achieve by definition is something you will have to learn to do or imitate from someone else.  The quickest path to get there is to read and imitate those who have gone before you.  John Wooden, who coached his UCLA team to 10 NCAA basketball championships, was a reader.  On the day of his middle school graduation, his father gave him $2 and a card with the following advice: 1. Be true to yourself. 2. Help others. 3. Make each day your masterpiece. 4. Drink deeply from good books, especially the Bible. 5. Make friendship a fine art. 6. Build a shelter against a rainy day. 7. Pray for guidance and count and give thanks for your blessings every day. This is a great list, but I want to concentrate on item four:  Drink deeply from good books, especially the Bible.  Here are a couple of things to note about this advice.  First, he mentions good books.  There are a ton of books that aren't worth reading.  You know you are reading a good book if the following criteria are met: ·        You can read and reread it ·        It inspires you to action, change or imitation ·        It moves you ·        It typically focuses on principles that are useful in a variety of situations ·        It's often been around a while and has a reputation for being good Secondly, Joshua Wooden highlights the Bible as especially unique.  The Bible meets all of the above criteria while adding: ·        A clear path to eternal life ·        How to know who God is, what he is like and what he expects of us ·        Comfort, encouragement and guidance in life Reading won't necessarily make you a great coach, but it will increase your chances of making this life count.  I'd like to give you my top ten list of good books.  These are books that I've read and reread many times.  I've read many books and these have impacted me greatly.  I will classify them by genre. ·        The Bible.  This goes without saying, but there is a reason we should be reading, rereading and memorizing this on a daily basis.  If we don't read anything else, this is the one book that we need to know cover to cover. 1.       Spiritual Book:  “The Imitation of Christ” by Thomas A'Kempis a.      This is my most read book outside of the Bible.  “Spiritual Formation” is a buzzword in Christian circles today.  A'Kempis wrote the book on spiritual formation 500 years ago.  Written by a man living in a monastery, it is filled with scripture and insight into living a godly and holy life.  I can't read it without getting completely convicted about the state of my interior life, motivations and sinful nature.  Two bits of advice when starting this book:                                                  i.      Read it one chapter a day along with your Bible.  This is a book for meditation and consideration not rapid consumption                                               ii.      Get past the age and religious bias against this book.  Yes, he was a Catholic monk.  Yes, it's an old book.  However, human nature doesn't change and the issues he deals with in this book are as relevant as the day it was originally printed. 2.      Time management and priorities, “The One Thing” by Gary Keller a.      Keller is the founder of Keller Williams Real Estate Corporation.  He helps us get out of the weedy third soil by advising his readers to daily ask themselves the question, “What's the one thing I can do such that by doing it everything else will be easier or unnecessary?” b.     This book will enable you to overcome paralysis caused by too much information, distraction, busyness and other demands that can overwhelm us. 3.      Personal Growth:  “How to fail at almost everything and still win big” by Scott Adams a.      Adams created the Dilbert cartoon series.  In this book he shares about his life, medical challenges, setbacks and successes and offer suggestions on how to find a path for growth that fits how God made you.  Some of the ideas that I go back to over and over again:                                                  i.      Develop your “Talent Stack.”  You may not have legendary talent in one area, but through grit and determination you can become really good at five or more skills.  The combination of five “pretty talented” areas is remarkable.                                               ii.      Use affirmations.  I find this advice an updated and repackaged version of Jesus' teaching on faith in Mark 11:24, “…Whatever you ask for in prayer, believe that you have received it, and it will be yours.” 4.     How to build your faith level and become more optimistic.  “The Power of Positive Thinking” by Norman Vincent Peale. a.      Peale wrote this book while working as a church minister.  He borrows scripture from the Bible and creates a “crossover” book that helps non-disciples apply Jesus' teaching on faith to tackle real world problems like making money, getting promoted or anything else.  As a disciple, this book has incredible value in both the spiritual and secular parts of life.  Since Jesus said, “According to your faith will it be done to you” in Matthew 9:29, we should be constantly looking for methods of increasing our faith in an increasingly cynical world.  Peale offers sound advice on how to build a firm foundation of faith. 5.      Books on Relationship Building.  “How to Win Friends and Influence People” by Dale Carnegie.  a.      This is the GOAT (greatest of all time) when it comes to building and developing relationships.  Your Friendships, business relationships, family relationships and relationships with non-believers will start multiplying and deepening when you put Carnegie's lessons into practice. b.     Carnegie's advice to be interested in people and ask questions is worth the price of the book alone.  This trait is completely missing in about 90% of the people I meet and leads to dead, one-way relationships.  Assimilate this one tip and you will immediately distinguish yourself as a friend magnet. 6.     Books on money and money management.  “The Millionaire Next Door” by Thomas Stanley.  a.      This was a tough one.  There are a lot of books on money out there.  I've never been great at handling or saving money.  In order to compensate for this weakness, I've read a ton of books on money management.  This area is an example of how knowing more won't make you better, it's all about practicing time-honored principles.  The reason why I like Stanley's book is that he devoted his life to understand how rich people get rich.  The paradoxical message is that most rich people got that way by not acting “rich.”  They save money from every paycheck, never pay more than $10 for a bottle of wine, and don't drive fancy cars.  Instead of reading mind-numbing insight on the benefits of hedge-fund investing, it helped me identify and imitate the key traits of people who were better at money management than me.  It's paid off for me. 7.      Fantasy books.  “The Lord of the Rings” trilogy by JRR Tolkien a.      My mom was an English teacher and she would bring home books from her classes for me to read at home.  I became a fantasy fan by reading from Robert Heinlein and JRR Tolkein.  I remember reading “The Hobbit” and falling in love with fantasy.  Upon rereading Tolkien's work, I'm struck by how writers have gotten much better over the last 100 years.  Tolkien needed a good editor to cut out entire chapters of his trilogy.  Peter Jackson did a great job reducing the trilogy to its essential content in his movie series.  However, the Lord of the Rings is still the gamechanger when it comes to fantasy.  All other books are measured against his groundbreaking “world-building” novel.  Another side benefit is the messianic theme running throughout the book.  This book honors courage, masculinity, sacrifice and brotherhood in an age where these qualities are often under attack. 8.     Biography.  “The Rise of Theodore Roosevelt” by Edmund Morris. a.      I've read so many great biographies that this was hard to choose.  Morris highlights Roosevelt's journey from sickly, weakling childhood to robust, vigorous, and courageous manhood.  In the past, people learned from biography as the primary source of instruction.  I couldn't help but be both inspired and called higher by Roosevelt's conscious labor to become a better man.  Here is his counsel on how to overcome fear:                                                  i.      “at the outset almost every man is frightened when he goes into action, but that the course to follow is for the man to keep such a grip on himself that he can act just as if he was not frightened. After this is kept up long enough it changes from pretense to reality, and the man does in very fact become fearless by sheer dint of practicing fearlessness when he does not feel it.” 9.      Books on mindset.  “As a man thinketh” by James Allen a.      The King James Version of Proverbs 23:7 reads “As a man thinketh in his heart, so is he.”  This book develops the idea that our outer, physical world is simply a reflection of our inner, mental or spiritual world.  Nothing is more relevant for a strong disciple than this concept.  Paul echoes the importance of taking charge of our thought life in 1 Corinthians 10:5, “…we take captive every thought to make it obedient to Christ.”  This book went on to form the foundation for so many other books like “Think and Grow Rich” and “The Secret.”  Each one is built on the idea that if you change your thinking, you will change your life.  If you don't like to read, you'll like this one.  It's a tiny book.  10.   Books on Marriage.  “The Seven Principles for making marriage work”  by John Gottman. a.      This book is the best of all books on marriage.  He studied marriage in his “love lab” and found out how to predict whether a couple would be stay married or divorce with over 90% accuracy.  The principles of strong marriages and the traits of weak marriages offer a pathway to a life of ever-strengthening love.  One of the primary triggers for me to seek God originally was my desire to have a successful marriage.  The combination of God, God's word and advice from books like Gottman's have enabled me to exceed my most fanciful wishes. 11.    Other notable mentions a.      Any book by Brian Tracy.  His books repeat over and over, but his best is “Maximum Achievement.”  You will hear echoes from this book in his other books. b.     I would hate to be limited to only ten books.  I read voraciously and don't want to give the impression you should cap your reading at only a few.  But I'd like to leave you with a few more thoughts:                                                  i.      It's better to choose a few “good books” and reread them than to simply hope the next book will offer a silver bullet for your problem.                                               ii.      Find a way to take in more reading.  Many people are limited by their reading ability or lack of desire to read.  There are so many ways to take in good reading.  Chief in my mind is audiobooks.  Even if you don't like reading, you can gain the benefit of books simply by listening to them read to you.  Find a way to love reading.

In this week's episode, Patrick Donley (@JPatrickDonley) sits down with Steve Adcock to learn about how he quit his job at 35 after achieving financial independence to pursue a life of adventure. You'll also learn about the primary habits of millionaires, what kind of investment strategy he recommends, how he handled a $200,000 drop in his portfolio during the pandemic, what his lifestyle is like now in “retirement”, and much more! Steve Adcock runs Millionaire Habits, a resource dedicated to making you smarter about money. Every week, he publishes content designed to help you take full control over your life and achieve everything you've ever dreamed of. Steve travelled 3 years in an Airstream and now lives off the grid in the Arizona desert. He's been featured in publications like CNBC, Forbes, Business Insider, and MarketWatch. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 02:32 - What were some of the early money mistakes Steve made. 06:04 - What the impetus was for writing Millionaire Habits. 08:09 - What is the Trinity Study and why it's important to understand the 4% rule. 11:50 - What kind of investment strategy Steve recommends. 14:19 - How the traditional indicators of success can become a trap. 17:31 - Why Steve and his wife decided to sell everything to live in an Airstream full-time. 23:19 - What it was like moving off-the-grid. 26:03 - How much Steve had saved before leaving his W-2 job. 35:19 - What the advantages to marrying later in life are and why picking the right partner is so important. 41:33 - How Steve handled a $200,000 drop in his portfolio during the pandemic. 45:10 - How Steve and his wife handle health insurance. 52:19 - What books influenced Steve in his own quest for financial independence. 55:58 - What Steve's thoughts are on buying vs. renting. 58:03 - Why early retirement can be associated with an early death. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out: The Millionaire Next Door by Dr. Thomas Stanley. Check out: The Psychology of Money by Morgan Housel. Visit: Millionaires Habits by Steve Adcock. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota DeleteMe Fundrise Linkedin Marketing Solutions NerdWallet TurboTax NetSuite Connect with Patrick: Twitter Connect with Steve: Website  | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode, Patrick Donley (@JPatrickDonley) sits down with serial entrepreneur Kriss Berg to talk about how turns the cash flows from his online businesses to purchase car washes and utilizes a tax-savings strategy called bonus depreciation to pay almost zero taxes. You'll also hear about the many entrepreneurial adventures Kriss has had, the books that had a big impact on the trajectory of his career, what it was like living off-the-grid for 13 years, and much more! Kriss Berg has been an entrepreneur for over 21 years. He started out with a home service business and has since had start-ups in solar, ecom, real estate, and much more. Now he runs a portfolio of online businesses and takes the profits from those and invests in car washes.  IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro. 02:26 - What some of the “dirty jobs” were that Kriss had. 03:53 - How an early-life crisis led to his first entrepreneurial venture. 05:36 - Why he decided to move off the grid and what the experience was like. 11:35 - Why being a continual learner has been an important part of his success. 13:14 - How the 4-Hour Workweek influenced him. 16:28 - How he got involved in real estate investing and increased his cash flow and net worth. 20:30 - Why his own health issues led to a successful entrepreneurial venture. 25:53 - Why he decided to pare down and sell off some of his businesses. 26:36 - How he got turned on to the power of Twitter. 31:16 - Why he choose to invest in carwashes. 33:55 - How he finds carwash deals, finances them, and increases profitability. 43:02 - What the 3 M's of increasing the value of a carwash are. 44:08 - What his end game is with his car wash investments. 46:15 - What is the biggest challenge to investing in car washes is. 48:26 - How bonus depreciation works and how he uses it with car washes to pay no taxes. 51:57 - How his carwashes create tax savings through bonus depreciation. 54:44 - How mastermind groups have played a big part in his career. 58:41 - How to become instantly likable. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: Walden by Henry David Thoreau. Recommended book: 4 Hour Workweek by Tim Ferriss. Recommended book: Ready, Fire, Aim by Michael Masterson. Recommended book: Rich Dad Poor Dad by Robert Kiyosaki. Recommended book: The E-Myth by Michael Gerber. Recommended book: The Millionaire Next Door by Dr. Thomas Stanley. Support our free podcast by supporting our sponsors. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota DeleteMe Fundrise Linkedin Marketing Solutions NerdWallet TurboTax NetSuite Connect with Patrick: Twitter Connect with Kriss: Website  | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's episode, Patrick Donley (@JPatrickDonley) sits down with Scott Trench, CEO of BiggerPockets, to talk about how Scott pursued financial independence and shared his strategies in his book, Set for Life. You'll learn about how Scott got turned onto FI, the bet he placed on himself by leaving his W-2 and joining Bigger Pockets, what his views of the real estate market is in 2024, what his own buy box looks like, and where else he invests outside of real estate and index funds. Scott is the CEO and President of BiggerPockets and has dedicated his career to helping ordinary Americans build wealth in part through real estate investing. Since joining BP in 2014, Scott has authored the bestselling wealth-building book Set for Life and joined Mindy Jensen as co-host of the BiggerPockets Money Podcast. He is an active real estate investor in the Denver market, and currently manages a private portfolio of about $1.5M and holds his real estate license as a Colorado broker. Scott stays active in the BiggerPockets Forums and has contributed hundreds of articles, market analyses, and files to BiggerPockets. He hopes this will provide other investors the tools they need to repeat his results in just 3-5 years, giving them the option to go anywhere they want in the world, work any job, start any business, or finish out the journey to financial independence and retire young. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro. 02:45 - How Scott first got turned onto financial independence. 05:20 - How he made his way from cubicle jockey to CEO of BiggerPockets. 07:37 - Why he is a big fan of house hacking. 09:02 - Who some of his early FI influences were. 12:51 - What the middle class wealth trap is. 16:18 - What his view of the 2024 real estate market is and where he sees opportunities. 18:50 - Why real estate is a bet on the long-term growth of the U.S. economy. 23:06 - When he thinks the right time to invest in real estate is. 32:43 - What asset class he thinks will get hurt the most in 2024. 33:14 - What Scott's buy box looks like. 35:50 - What Scott's portfolio look like. 43:25 - What Scott would have done differently looking back on his journey. 48:36 - Where else he invests outside of real estate and index funds. 51:29 - What it is like running BiggerPockets and how he structures his day. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: Set for Life by Scott Trench. Recommended book: The Everything Guide to House Hacking by Robert Leonard. Recommended book: Early Retirement Extreme by Jacob Lund Fisker. Recommended book: Your Money or Your Life by Vicki Robin. Recommended book: Rich Dad Poor Dad by Robert Kiyosaki. Recommended book: The Millionaire Next Door by Thomas Stanley. Recommended book: The Bitcoin Standard by Saifedean Ammous. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fundrise Linkedin Marketing Solutions TurboTax HelloFresh NetSuite NerdWallet  Connect with Patrick: Twitter Connect with Scott: Website Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's rewind episode, Robert Leonards chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building. After struggling with money in his twenties and being sick of living paycheck-to-paycheck, Aaron started educating himself on personal finance. Aaron is now the founder of CashUncomplicated.com, a personal finance website that teaches people how to achieve financial success through implementing basic and uncomplicated principles such as life goals, daily habits, intentional money decisions, and a value-based spending mindset. IN THIS EPISODE, YOU'LL LEARN 00:00 - Intro 03:06 - Why behavior and mindset are so important when it comes to money. 04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets.   06:07 - What “keeping up with the Joneses” means and why you shouldn't do it. 10:57 - How to fight back against lifestyle creep. 12:53 - How to avoid or get out of the paycheck-to-paycheck cycle. 18:16 - What the difference is between bad debt and good debt. 18:16 - How to get out of bad debt and leverage good debt. 22:37 - If one should use or avoid credit cards and how to appropriately use them. 34:08 - What silent killers are in terms of money. 40:54 - What the shocking cost of cars is and the myths of car loans. 48:25 - How to successfully manage money with one's partner and avoid divorce.  And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended Book: Cash Uncomplicated by Aaron Nannini. Recommended Book: The Millionaire Next Door by Thomas Stanley and William Danko. Recommended Book: I Will Teach You To Be Rich by Ramit Sethi. Recommended Book: Broke Millennial by Erin Lowry. Recommended Book: The Richest Man in Babylon by George Clason. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Learn more about your ad choices. Visit megaphone.fm/adchoices

In this MI Rewind Episode, Robert Leonard chats with Jesse Mecham to talk about how abiding by simple budgeting can set you up for success in the future. Jesse founded You Need A Budget (YNAB) in 2004 while he was still in college. YNAB has grown into a leading software and proven method that helps its users get out of debt and have more control over their money. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 01:43 - How the idea of You Need A Budget came to be.  02:50 - If you need to raise capital to start a business. 04:31 - What is the Four-Rule Method of budgeting, and why it works? 17:30 - How can you roll with the punches when it comes to budgeting? 20:04 - Why budgeting is crucial to being a successful investor. 22:11 - What does it mean to age your money? And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out You Need A Budget. JL Collin's book The Simple Path to Wealth. Thomas Stanley and William Danko's book The Millionaire Next Door. Ramit Sethi's book I Will Teach You To Be Rich. Erin Lowry's book Broke Millennial. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: NetSuite Fundrise Masterclass HelloFresh Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, Wes points out that the population of mini-millionaires is growing and that society's perception of them isn't always very accurate. Producer Mallory Boggs joins to discuss this latest variant of what authors Thomas Stanley and Bill Danko originally coined, The Millionaire Next Door. They elaborate on five habits that this cohort tends to follow. And Wes points out that although investing is often a critical step to becoming a millionaire, it's perhaps even more essential in the pursuit of staying a millionaire. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of “Wisdom of the Sages," Dan explores the concept of being "unusually unusual" and how it relates to achieving success in our careers. Drawing inspiration from the book "The Millionaire Mind" by Thomas Stanley, Dan reveals that academic performance and IQ are not always the determining factors when it comes to achieving wealth. Instead, he highlights the importance of integrity, discipline, social skills, a supportive spouse, and hard work as the foundational stones of financial success. Additionally, Dan shares stories of famous individuals who faced rejection but went on to accomplish extraordinary things. So if you've ever felt discouraged or doubted your abilities, this episode will inspire you to embrace your uniqueness and find work that you love. https://www.48days.com/wisdom-of-the-sages-podcast/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of “Wisdom of the Sages," Dan explores the concept of being "unusually unusual" and how it relates to achieving success in our careers. Drawing inspiration from the book "The Millionaire Mind" by Thomas Stanley, Dan reveals that academic performance and IQ are not always the determining factors when it comes to achieving wealth. Instead, he highlights the importance of integrity, discipline, social skills, a supportive spouse, and hard work as the foundational stones of financial success. Additionally, Dan shares stories of famous individuals who faced rejection but went on to accomplish extraordinary things. So if you've ever felt discouraged or doubted your abilities, this episode will inspire you to embrace your uniqueness and find work that you love. https://www.48days.com/wisdom-of-the-sages-podcast/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth. Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 07:01 - What is infinite banking? 07:01 - Why it may, or may not, be "too good to be true." 14:47 - How to use infinite banking to get out of debt. 14:47 - Who uses infinite banking successfully right now? 22:39 - How to use infinite banking to build wealth. And much, much more! BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Chris Naugle on TIP's Real Estate Investing podcast. Bauer Financial. Austrian Economics. Nelson Nash's book Infinite Banking. Chris Naugle's book Mapping Out the Millionaire Mystery. Chris Naugle's book The Private Money Guide: Real Estate Edition. Thomas Stanley and William Danko's book The Millionaire Next Door. All of Robert's favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Airbnb NetSuite Babbel Masterclass Shopify Principal Financial Connect with Chris: Website | LinkedIn | Instagram Connect with Robert: Instagram | Twitter | LinkedIn | Facebook

Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth.Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro07:01 - What is infinite banking?07:01 - Why it may, or may not, be "too good to be true."14:47 - How to use infinite banking to get out of debt.14:47 - Who uses infinite banking successfully right now?22:39 - How to use infinite banking to build wealth.And much, much more!BOOKS AND RESOURCESChris Naugle on TIP's Real Estate Investing podcast.Bauer Financial.Austrian Economics.Nelson Nash's book Infinite Banking.Chris Naugle's book Mapping Out the Millionaire Mystery.Chris Naugle's book The Private Money Guide: Real Estate Edition.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSYour home might be worth more. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs. Download NetSuite's FREE popular KPI Checklist.Experience real language learning for real conversations with Babbel. Listeners from Germany can use our code INVESTOR to get a 12-month subscription for the price of 6 months.Learn from the world's best minds with Masterclass. Get 15% off an annual membership today.Be in control of every sales channel with Shopify. Sign up for a $1/mo. trial period today.Find the right benefits and retirement plan for your team with Principal Financial.Connect with Chris: Website | LinkedIn | InstagramConnect with Robert: Instagram | Twitter | LinkedIn | FacebookSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Patrick Donley (@JPatrickDonley) sits down with Peter Lohmann to talk about how he got his start in real estate and property management. They also dive into key principles for running a successful business including lessons from the E-Myth and Traction. You'll learn how Peter has niched down to scale up his business, how he allocates his time for maximum ROI, and how to smash limiting beliefs and start thinking bigger in terms of what's possible for your life and business.Peter is the CEO & principal broker of RL Property Management, a residential property management company located in Columbus Ohio. RL manages over 600 units. Peter also owns a small engineering company also located in Columbus, run by his business partner.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro.02:01 - Peter's early start in real estate and property management.04:42 - How he built his company to manage over 600 units with 20 people.04:55 - What it was like leaving his W-2 job.10:12 - What his first real estate investments were like and how they went.15:42 - How he decided on property management as a business venture.18:32 - Why Peter chose a flat fee pricing model.28:45 - How he went about finding clients.29:47 - What he means by niching down to scale up.35:28 - What is the principal/agent problem in real estate and property management.36:52 - Why that transition can be so difficult and what helped Peter make the journey.41:26 - Why the experience you get in your first real estate deals is most important.44:18 - What Peter's limiting beliefs were and how he overcame them.60:43 - What some of his key takeaways have been from doing his podcast.62:04 - The importance of thinking big.65:30 - How Peter allocates his time for maximum ROI.01:09:57 - Why writing is a superpower.BOOKS AND RESOURCESThe Everything Guide to House Hacking by Robert Leonard.Rich Dad Poor Dad by Robert Kiyosaki.E-Myth by Michael Gerber.Vivid Vision by Cameron Herold.Traction by Gino Wickman.Millionaire Next Door by Thomas Stanley.10X is Easier than 2X by Dan Sullivan.Extreme Ownership by Jocko Willink.Related episode: Listen to REI192: Building an Empire w/ Nick Huber or watch the video.Support our free podcast by supporting our sponsors.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.Help us understand our audience better so we can create a more intentional user experience by answering this survey!SPONSORSLearn how Principal Financial can help you find the right benefits and retirement plan for your team today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Your home might be worth more than you think. Earn extra money today with Airbnb.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Support your success every step of the way with Shopify. Sign up for a one-dollar-per-month trial period today!Support our free podcast by supporting our sponsors.Connect with Patrick: Twitter Connect with Peter: Website | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Leonard chats with Aaron Nannini about ways to wisely manage your money and the importance of having a proper mindset for wealth-building.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:06 - Why behavior and mindset are so important when it comes to money.04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets. 06:07 - What “keeping up with the Joneses” means and why you shouldn't do it.10:57 - How to fight back against lifestyle creep.12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.14:16 - What the difference is between bad debt and good debt.19:04 - How to get out of bad debt and leverage good debt.22:37 - If one should use or avoid credit cards and how to appropriately use them.34:08 - What silent killers are in terms of money.40:54 - What the shocking cost of cars is and the myths of car loans.48:25 - How to successfully manage money with one's partner and avoid divorce.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESAaron Nannini's book Cash Uncomplicated.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Erin Lowry's book Broke Millennial.George Clason's book The Richest Man in Babylon.All of Robert's favorite books.NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.SPONSORSLearn how Principal Financial can help you find the right benefits and retirement plan for your team today.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Your home might be worth more than you think. Earn extra money today with Airbnb.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Support your success every step of the way with Shopify. Sign up for a one-dollar-per-month trial period today!Support our free podcast by supporting our sponsors.Connect with Aaron: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Robert Leonard talks with Shinobu Hindert about her book, Investing is Your Superpower, the relationship between money and women, and much more!Shinobu Hindert is a Certified Financial Planner, money expert, and creator of Empowered Planning, LLC. As a financial advisor, she created personalized financial plans for high-net-worth individuals all across the country, overseeing more than $350 million in client assets.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro03:50 - What made Shinobu want to branch out on her own despite doing so well in the corporate world as a financial advisor?05:51 - What made Shinobu want to write another book about money and what guided her to make it different than the rest ?08:09 - How Shinobu has been seeing the relationship between money and women change over the last few years and how she expects this to continue to evolve into the future.09:44 - Where Shinobu thinks new investors should start with their money journey and build a foundation.16:46 - How a budget allows people to actually live a better, happier lifestyle, rather than feeling constricted.24:43 - How people can pick the right investment strategy for them once they've got their personal finances in order and are ready to start building a house and their investments.33:44 - Where a financial advisor comes in when it comes to all aspects of money (i.e. personal finance, investing, insurance, etc.) and if everyone really needs one. 38:09 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt first.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESShinobu Hindert's book Investing is Your Superpower.Morgan Housel's book The Psychology of Money.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Your home might be worth more than you think. Earn extra money today with Airbnb.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Shape and flex your home loans how you want with Athena. Join the thousands of Aussies taking control of their mortgage today.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Enjoy an all-in-one personal finance app that gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more, with Monarch Money. Get an extended thirty-day free trial today.Support our free podcast by supporting our sponsors.Connect with Shinobu: Website | Instagram | FacebookConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the business world, the pursuit of growth is constant and is fueled by the desire to become bigger, better, faster, and stronger. This relentless drive pushes entrepreneurs to challenge themselves continually.   Entrepreneurs should understand that personal development and nourishing their minds with success are crucial elements of this journey.   In addition, entrepreneurs are leaders, and true leaders know the importance of casting a compelling vision in inspiring others to join them on their entrepreneurial adventures.   In this episode, Mark Lachance discusses how you can create luck and capture great opportunities to ensure your businesses flourish and reach new heights. According to him, your company influences your success, and successful people surround themselves with a can-do mindset while avoiding limiting influences from media and negative people.   Mark Lachance is a serial entrepreneur, strategic thinker, and investor. Having owned and operated several businesses that have experienced hyper-growth through creative business development and lead generation, Mark is a master of sales and marketing and continues to apply and grow his expertise through current projects.   He is the CEO and lead investor of Maxy Media Inc., the number one advertiser for monthly spending on the TikTok platform in Canada and the top ten in North America.   In 2016, Mark successfully Sold EVO Payment International Canada after guiding the company from its inception with one employee to over 200 employees across Canada.    Before founding EVO, Mark was one of the founding members and president of VersaPay Inc, a payments solutions provider, which became public in 2010.   Tune in!   Key Highlights From The Show:   [00:01] Intro and a quick bio of the guest, Mark Lachance [02:37] About Mark's mastery in blitz scaling companies [04:32] Mark's drive, build big things or don't, and a story behind it [06:00] Mark's big dream and goals with Max Media Inc [06:44] How Mark ended up as an entrepreneur and stepped up in the game [08:03] What it means to Mark to be an entrepreneur [08:43] The can't mentality and Mark's drive that keeps him in possibilities [09:56] Mark's recipe for success: Enhancing and building on your leadership skills [13:24] How to create and will luck and keep capturing great opportunities [19:04] The entrepreneurship dilemma and how Mark overcomes this bottleneck [24:29] The biggest challenge Mark has faced in his journey  [27:13] What Mark has learned about himself from his entrepreneurship journey [28:34] Wartime versus peacetime leadership and what it means to the business landscape [31:14] A quick recap and Mark's final recommendations on doubling down on your strength [33:31] How to reach out, connect with Mark and get his book [33:48] Ending the show   Notable Quotes:   ● Business is about getting bigger, better, and stronger all the time and continuing to challenge yourself. ● Entrepreneurship is about growth and stepping up to the next level mentally, physically, and financially. ● To be a leader and an entrepreneur, you must have the ability to cast your Vision and bring people along with you for the ride. ● Feed your brain with personal development and stories about how success happens and get off from mainstream Media.  ● You are the average of the five people you hang around with; if you hang around a can't-do mindset, you will not do anything, but if you hang around a can-do mindset, you will be successful.  ● Do what you are best at and let other people do what you're not best at, and your business will continue to roll.   Resources Mentioned   ● The Lucky Formula by Mark Lachance  ● Extreme Ownership by Jocko Willink and Leif Babin  ● The Luck Factor by Richard Wiseman  ● The Millionaire Mind by Thomas Stanley  ● The Road Less Stupid by Keith Cunningham  ● The Sales Bible by Jeffrey Gitomer  ● Who Not How by Dan Sullivan  ● Good To Great by Jim Collins    Connect With Mark Lachance:   Website: https://marklachance.com/ LinkedIn: https://www.linkedin.com/in/mark-lachance-74902615/   ----- Help me inspire more (wannabe) entrepreneurs. Leave me a 5-star review. Go to https://ratethispodcast.com/interviewspodcast  and follow the simple instructions. 

Is Trying to Act Rich Keeping You Broke? Oftentimes when millionaires are asked what books made the biggest difference in their lives, The Millionaire Next Door by Thomas Stanley is at the top of the list. I got hooked on Stanley's books years ago and one of my favorites was called Stop Acting Rich. He talked about the difference between the rich and the ultra-rich and many people don't get ahead financially because they think they can act “ultra-rich” and accumulate wealth. In today's show, I discuss some actual stats on who is actually buying luxury items and what it's doing to their future.  Finally, as usual, I share 3 specific actions so you can actually become rich rather than just look it.  Listen to this episode, take notes, and please share it with someone! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy  P.S. If you or someone you know is looking for a plan to dial in your finances and achieve some financial freedom, book a short call with me here! 

Welcome to the Green Industry Podcast, where we help lawn care business owners grow their businesses. In this episode, host Paul Jamison provides a thorough summary and review of Thomas Stanley's book, "Stop Acting Rich". The book emphasizes the importance of living below your means to achieve financial success and examines the spending habits of the truly wealthy. Paul discusses the correlation between the book's philosophies and running a successful lawn care business, including setting pricing strategies and investing in your business. Tune in to learn how to make informed decisions and achieve long-term financial goals in your business and personal life The Resource Center at GreenIndustryPodcast.com Start Your Website Journey w/ Footbridge Media Get Jobber The Landscaping Bookkeeper - Megan and Joey Coberly Paul Jamison's Books Try Audible

In this episode, we dive into the book "The Millionaire Next Door" by Thomas Stanley. The book provides valuable insights into the spending and saving habits of millionaires and debunks common myths about wealth and how it is acquired. We discuss the book's main concepts, including living below your means, investing in assets that appreciate in value, and avoiding debt. Additionally, we explore how these concepts can be applied to real life to help listeners build wealth and achieve financial success. Tune in to learn the secrets of the millionaire next door and how you can follow in their footsteps. Try Audible The Resource Center at GreenIndustryPodcast.com Start Your Website Journey w/ Footbridge Media Get Jobber The Landscaping Bookkeeper - Megan and Joey Coberly Paul Jamison's Books  

Steve Adcock retired at age 35 and currently lives off the grid in the desert. Prior to retiring early and achieving financial independence, he worked 14 years in the information technology field. Learn all about early retirement and more.IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro02:28 - How Steve retired at 35 after living a somewhat luxurious lifestyle in his 20's.22:01 - How much Steve and his wife had saved prior to making the leap to early retirement.33:44 - The pros and the cons of early retirement.41:36 - What Steve's thoughts are on the follow your passion versus earn more money debate.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESMorgan Housel's book The Psychology of Money.Robert Kiyosaki's book Rich Dad Poor Dad.Thomas Stanley and William Danko's book The Millionaire Next Door.JL Collin's book The Simple Path to Wealth.Related Episode: Listen to MI041: The Simple Path To Wealth w/ JL Collins, or watch the video.Related Episode: Listen to MI120: Bitcoin and Financial Independence w/ Jim Crider, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Support our free podcast by supporting our sponsors.Connect with Steve: Twitter | Instagram Connect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

#152 - Barney Whiter paid off his mortgage aged 32.  Ten years later he quit his job with an investment portfolio big enough to support himself and his family without ever having to work again.  He explains what life is like as an early retiree, how much money you need to live off your investments, and the steps you can take to make  financial independence a reality.What you'll learn[2:16] What life is like as an early retiree.[5:40] The philosophy behind the FIRE (Financial Independence, Retire Early) movement.[8:16] How much money you need to live off your investments.[12:30] Where to invest your money to reach financial independence.[14:20] Whether you should pay off your mortgage or invest your surplus income.[18:40] How to start learning about financial independence.[19:28] The practical first steps towards financial independence.[22:00] How the maths behind the FIRE movement works.[23:49] How to justify a frugal lifestyle.[29:51] Ways to find happiness without spending money.[32:02] The possibility for low earners to reach FIRE.[36:15] How to know you've reached financial independence.[40:18] The pros and cons of putting money into a pension.[43:46] The risks involved in pursuing financial independence.[46:55] How inflation is factored into the FIRE movement.[51:14] Indicators that the FIRE movement is right for you.[54:35] The difficulties of talking to your partner about quitting your job.[57:05] How to avoid scammers in the FIRE community.Resources mentioned in this episode (some of these are affiliate links and we may get a commission in the event that you make a purchase - this helps us to cover our expenses and is at no additional cost to you):Mr Money MustacheMonevatorYour Money Or Your Life, Vicki Robin and Joe DominguezThe Millionaire Next Door, Thomas Stanley and William DankoRetirement Savings: Choosing a Withdrawal Rate That Is Sustainable (the Trinity study)Family ManAtomic Habits, James ClearChange Work Life CoachingFor the show notes for this episode, including a full transcript and links to all the resources mentioned, visit:https://changeworklife.com/how-anyone-can-become-financially-independent-and-retire-early/Re-assessing your career?  Know you need a change but don't really know where to start?  Check out these two exercises to start the journey of working out what career is right for you!Take me to the exercises!Also, make sure to join the Change Work Life Facebook group and check out the ways you can support the podcast on the Change Work Life Support page.Follow us on Facebook, Instagram, and Twitter.

Dr. Thomas Stanley is a professor, tonal scientist, and author. During this segment we discuss his book "The Execution of Sun Ra", and explore the concept of Alter Destiny, and the humans capacity to create a future that includes a freedom unimagined.

Into the reign of Henry VII, does he continue to manage everything and stay in charge?

Tiptoeing through the razor wire of the war of the roses and ending up on top when so many failed and died. How?!

Jonathan has nearly a decade of experience in Financial Services He has been able to lead at several top banking institutions as well as credit unions. He was able to do that because he understood how to help people manage their money, decrease their debt, and save to invest. While still managing his career he focuses his time through " Money Talks" fb group and youtube channel helping people understand their budget, learn about credit to Payoff debt and improve their credit score, and learn specifics on investing to be able to save and participate in the stock market and real estate for the long term. =|| Book Mentioned ||= The Millionaire Next Door by Thomas Stanley- https://amzn.to/3H9yf3O THANK YOU FOR LISTENING! #buildingwealth #jonathanthomas #buildinglegacy #aboutthatwallet Continue to support the show by subscribing, sharing and leaving comments on your favorite platforms. This help others like yourself find me. ________ AFFILIATES/SPONSORS: DISCLAIMER: these are sponsored links in which I get paid and you can benefit for being a listener to the podcast. Get Eco Friendly Stocking stuffers with Earth Breeze Laundry Sheets: aboutthatwallet.com/earthbreeze Survey Junkie - Make some shmoney for the opinion!! aboutthatwallet.com/surveyjunkie Gain access to over 5,000 training videos to increase your skillset: https://shopakanundrum.com/?ref=atw Shop on Amazon: https://amzn.to/3tiWXW8 Get Amazon Prime: https://amzn.to/3ORzaHl Listen to the podcast on your favorite listening platforms such as Apple, Google, Spotify, Amazon and more!! -- DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. --- Send in a voice message: https://anchor.fm/aboutthatwallet/message Support this podcast: https://anchor.fm/aboutthatwallet/support

Being only an employee leaves you vulnerable to the ups and downs of the market. Real estate investing is one powerful defense against job loss and economic downturns. In this episode, Neil Timmons provides insight into the real estate business and shares his experience with overcoming economic adversity to secure a robust financial position. Neil Timmins is the CEO of Legacy Impact Partners, where they invest in real estate opportunities ranging from houses and apartments to industrial and medical offices. In 2021 Neil published his first book, Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn. The book is tailored to helping real estate investors find and retain top talent through the strategic systemization of hiring. Neil also hosts his own podcast, “Real Grit” where he pulls back the curtain on real estate investing through interviews with industry titans. “Real Grit” provides listeners with the tools they need to secure their lasting real estate legacy!   Episode Links: https://legacyimpactpartners.com/ https://legacyimpactpartners.com/podcast/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have Neil Timmins, who is an author, a podcast host, entrepreneur, real estate investor and he's gonna be talking to us about going from an agent and employee to building a significant business in the real estate space and what it takes to do so. So let's get into it.   Neil Timmons what is going on, man, welcome to the podcast. Thanks so much for taking the time to come hang out with me today.   Neil: Good. It's so good to see you again. I appreciate the invite. Looking forward to this for some time now.   Michael: No, likewise, the pleasure is mine. I'm super excited. So you and I of course know each other. We were chatting offline just before we hit record. But for anyone who doesn't know Neil Timmins, give us the background quick and dirty. Who you are, where you come from, and what is it you're doing real estate.   Neil: High level out of Des Moines, Iowa, born and raised, started as a residential real estate agent built a built a brokerage there on to REMAX for a number of years was a top REMAX guy with my 20s and then eventually found my way stumbled into investing worked my way through single family investing, we still do a little today but morphed into commercial investing. And that's a primary focus today.   Michael: Love it and I hear this this theme so often with agents start as an agent, got my teeth cut, then went into the investment side. My guess if you're a top performing agent, in your local market, you're making a lot more money on an annual basis than you would if you're investing. So why did you make that transition? Why'd you make that jump?   Neil: Yeah, no good question. Well, the not so fun story is I was probably 31 ish at the time. Maybe 32, I came home one day to my wife of a decade in our three little kids, all about five or younger, and my wife had them all packed up and said she was leaving, leaving for good. I had spent the better part of seven years or so working like a dog every day of the week, I worked. My second year in real estate, it worked 355 days. So that business was built, ultimately, you know, I was able to put his team in place and that business, but it largely was built on my back and my effort and so it was at that point that, you know, I had an ultimatum and I begged and pleaded with her to go, you gotta give me give me an opportunity. I understand. So give me an opportunity. She did thank God. 45 days later, I sold my REMAX and took a whole bunch of time off to decide, well, how am I going to how am I going to do this? How am I going to make a living in contribute because I like doing what I was doing and not the not to the degree in which I did it. But I enjoyed real estate a lot, right? The people, all the fun things around it. So it took some time off to evaluate things and then ultimately plugged back in largely on the investment side.   Michael: And today you own a business around the real estate investing space. Tell us about that.   Neil: Yeah. So I own a couple of things. On the on the investment side of things. We're primarily focused on commercial investing, right, we buy by multiple asset classes, you're on a primary ladder, Des Moines, Iowa, we still do fix and flip in the office. Although I'm not largely involved, we've got a nice little machine that runs that really good. Contractor base in place, literally same contractor. Don't quote me on how many but we've done probably nearly 200 with the same exact crew. So it makes running things and the efficiencies there of all awfully simple. I love talking to people going you know what I don't like flipping because then I gotta go pick the carpet, I gotta pick the paint whatever else I'm like, What do you mean, you have to do that we picked it once. It's the same carpets, the same paint, same countertops, the same appliance, nothing, nothing changes. You're not doing a whole block of these things. It's not like anybody notices. You just pick it once yeah and so then also, I run an education business, which we launched this year, which has been very well received from folks who want to make that bridge want to leap into commercial real estate and, you know, figure it out either how to do their first deal or how to do their next deal.   Michael: And I'm curious, Neil, because I also come from the education space, and the folks that you're working with, are they the DIYers or are they the folks that have heard of commercial and want to get exposure to it in some form or another are a mix of the two?   Neil: Yeah, no, it's really DIYers. Yeah, that's not largely the passive investors, if you will, it's people who are active in real estate like, like using… if you will, you know, in my career was it just laid out you know, as well cradle to grave if you will, coming through I'd like if you were to go, how should someone progress? Although most don't do that, you know, they end up in one thing and often stick there, but I kind of work my way through that. Is this constant evolution of how do we elevate oneself and one skill set to take it to a to a new level and that's where these folks are they know they've done, they've done single family, they've largely been exposed to it, maybe they've been exposed a little commercial, but just haven't gotten to the results. They haven't they haven't been on a foundation, a legacy had been on a foundation of financial freedom and, you know, arguably, in mice that that commercial gets you there faster and easier.   Michael: And within commercial because it is such a diverse asset class and really name where do you see folks going that are having the most success?   Neil: Oh, good question there. You know, we bring people in, and we do a lot of things from a training standpoint, want to be in an asset class exercise to go alright, well, fill this little asset class matrix out, we have my hand if answer a handful of questions to go, you know, do you resonate better? Would you rather work with people or businesses, and we just bring them through a series of questions, and that lines it up to go well, top to bottom ranked, we focus on six level six largest asset classes, there's top to the bottom, here's what here's what it looks like and then my encouragement from there is, Listen, if number two resonates a whole lot better with you than number one on that list, that's what you should do, because it's just easier and you know, this, if we were to go work on something you can get passionate about, it's a whole lot simpler, then put a little more effort into it and something you're just like, huh, maybe?   Michael: Totally, totally and, you know, I'm curious, so many folks, I think can go invest in single family on the side as a project as a test as an experiment, the DIYers that are doing commercial real estate, are they doing it on the side? Are they really jumping in with both feet, kind of like you did, and making this their full time gig?   Neil: Yep, great question most are doing on the side, most are either stacking it on to their single family business or, you know, if they've got a day job and several folks do is they're doing this, you know, in the evenings, nights and weekends, side hustle, if you will and you think about you know, from makeup, a number of you were to go market to single family or markets or commercial just by being in commercial, the number of available prospects has been largely diminished. It's a much more manageable group of makeup, an asset class, let's say self-storage, you're going to go market self-storage is in your county, well, in comparison to houses, it is a mere fraction. So your ability to call text or you know, mail somebody or connect with a broker, perhaps it's very manageable. You don't have to do it full time. In fact, that would not encourage it, because you're gonna sit around, you're gonna get discouraged. Because there's candidly not enough to do versus the single family side, you could always find something to do.   Michael: Interesting. Talk to us about kind of the exits and the thought process around the exit from that business. Because in my mind, and I think in a lot of other investors' minds, a house is a house is a house, you know what it is? I know what it is everybody on the street, you know, that you bump into knows what it is, and knows how to buy it, versus a self-storage unit. I could maybe Name one person that I know that's involved in that business and so if I'm trying to sell it, who's gonna buy it?   Neil: Yep, no, exactly. So that's, you know, what I do on the training side is bring people through, even if you know, largely set some goals, understand why you want to be in this business, and perhaps what you'll do get through the training go, I don't want to be in the business. And that's okay, too. That's okay because what you don't know or what you what you now know, empowers you, right? To make a better decision about what the path you should be going down. So we bring people through that large infusion for retraining to expose them to what this world looks like, and then how to, you know, identify an asset class that really resonates with you how to price something up, how do we get leads, so largely from a marketing standpoint, from a lead standpoint, what do we say then? How do we value it? How do we actually put something a price to it to go alright, this looks like a potential really good deal, then how do we put it under contract and then from there, you know, the exit plans largely are or we get to resell the property. Occasionally, we get a property that comes in our wheelhouse, what I call, it's not our perfect seller, so it's a good deal, just not for us. Now, can we move that along, so to liken that to single family wholesale it double close it novated right, do all the same things in the commercial side or, you know, we decide, hey, this is our perfect seller with the property we want to own. So how do we how do we close it up or we get to raise equity? How do we go get debt and then how do we bring the whole thing together to properly manage it? So that's what we show folks how to do and ultimately starts you know, on the front end of the process to go Alright, how are we buying this because I know what our required returns are and if it doesn't hit that I'm that's gonna lead us down a different path to either go it's either a non-deal or we're gonna get this moved along to another investor and cash up the big check that we can utilize for the next year.   Michael: Yeah, that makes a ton of sense and you use the term that I'm not frankly familiar with novate. What does that mean?   Neil: Novation is that this has become very popular on the single family side. So there's a lot of buzz on the single family side, especially for those in the wholesaling business. Okay, it is to replace one contract with one another with another contract. So essentially, if I was to, you know, say, for example, I was to buy a property from Mr. Jones, I have a contract in place with Mr. Jones, I decided I want to move this property along under innovation process, you would then provide me a contract that would replace mine, there's typically a difference in pricing, right, you're gonna pay more than what I've just paid and that delta ultimately gets paid back to me. As part of the process. I'm high level in here. There's some moving pieces but high level?   Michael: Yeah, okay okay. Great to know. Neil, I'm curious if we can zoom out for a little bit, because you went from realtor agent, which is a kind of a unique profession and that, yes, you are an employee, but also you are kind of the business owner, your own of your own little business, your own little domain, and then you went and put a team in place, and then you ultimately sold that business. But for so many people that are employees in a traditional nine to five w two employee position to make the transition from employee to business owner, I think is a big leap for a lot of people. What was that like for you mentally going from? I'm going to be an agent to now I'm going to start and run and operate a business.   Neil: Yeah, no good question in it. I think that's, it comes in incremental gains, right. So how do you how do you elephant, right, one piece at a time and so the same thing occurred from me mentally and I think that is? It's a terrific question because I think so much of this business, in business in general is mental, right? It's a six inch game in between your ears and so how do you combat that I read a book when I was probably 20 to 23 years old. The Millionaire Mind by Dr. Thomas Stanley. He wrote The Millionaire Next Door, that's probably his most famous book, The Millionaire Mind was incredible and it broke it down to, you know how millionaires think and my thought process, of course, is well, if you just think like a millionaire eventually, and then, therefore, act and operate like a millionaire, I will eventually become one, right. So it's not it's not hard success leaves clues. So there was a lot of things in there that that impacted me at a very deep level and one of them, the biggest takeaway for me was, the largest risk that one has is being an employee. They can let you go any day of the week, this is what I came to believe in, it's still my operating beliefs today are just risky, if you have no control and I, I am well aware that as a business owner, as an operator, as a real estate investor, we take tremendous risk. There's no doubt about it but I still think they pale in comparison to putting all eggs in one basket, men have an employer of someone else.   Michael: Yeah, it makes total sense. So as you started moving things along, and created and formed and founded your business, how did you figure out who the right people were to put on the proverbial bus because I think, again, so many people have either a great idea, and they're really good at maybe doing that one thing. But doing that one thing isn't a business and so how do you scale it and have a proper functioning, running operational business?   Neil: Yeah, no, great question and that's, that's probably, if I was to attribute any of our success over the course of last three ish years, two and a half years, somewhere in that range, we've had significant success in that period of time, it's largely been correlated to my evolution as a leader, knowing that the only way forward is ultimately with and through other people. And so I've had a focus internal so go back to a question you just asked earlier, from a mental attitude of taking that leap. For me, it's how do I develop as a leader how to become a better a better person, somebody that people look up to somebody that people want to be around, so many people want to listen to, and, and be on the same bus with going rowing in the same direction and so that has largely, that's been a big focus over the course the last couple of years. When I was at a spot where he's gone, it's time to grow. You can't hire and retain a player's unicorns as I call them. You can't hire and retain unicorns if you're not one. So how do you how does one improve their personal self to be able to get to that level? That other a players want to be around?   Michael: Yeah, that makes total sense. So what it what did you do? Can you open the vest a little bit, let us peek under the curtain…   Neil: Yes, you know, it's, I wish there was a silver bullet here, but it's largely just been, you know, what do they say what's mentionable is manageable and for me, it's just having that Cognizant thought that okay, well, now, I'm mindful of this and so now I need to give thought to this. How do I say things how do I handle things? How do I handle certain situations? What is the impact when making this isn't with an employee or with a team or with a customer in front of folks, how's this gonna resonate? What does this look like and then having the vision as a leader, as any leader, doesn't any organization, that vision to go, where are we going and this isn't about me, this is about us and so oftentimes you'll hear me say, we did this, I almost, you know, I try very hard to say that 100% of time, I didn't do anything. We did this collectively, all the results are collective right. It is us together and that reading, continuing to stay focused on that, stay ahead of what's transpiring, trying to, you know, hosting a podcast being around other people like yourself, other people in the industry having an understanding what's going on. So been trying to be on that curve from a knowledge base standpoint about what's transpiring that's helpful, too.   Michael: Yeah, yeah. I love that and asking for a friend. I hate people and I don't think I want to interview people and screen people and that sort of thing. Does that mean that I shouldn't start a business with my great idea?   Neil: The first part is I don't like people. So let's just call that the introverted, right? They don't want to interact with other people. My right hand gal is an introvert. She's not very gregarious as it relates to people. She's very good with people. But she wants to she's far more task oriented about how do we execute on what we're doing? I think that's terrific and now, what hadn't you hire her because she's the Yang, right? It's Ying and yang. She complements me in a perfect opposite fashion and I do the same thing. The other way around. Yeah, it's, I think that's terrific. I think it's wonderful, if you can, what you just expressed was, you know who you are, if you know who you are, you can identify a path forward and I would encourage you absolutely. Knowing what your deficiencies are is wonderful. We're all we're all given strengths someplace, just balance this balance your weakness with somebody else. Don't try to what are the what don't master in the weaknesses, right? So anytime we have a weakness here in anybody, you know, largely for me, it's going just don't do it. Don't master in the minors, because at the end of the day, you're still going to be a d minus for you, no matter how good you get at your weakness focus on your A's.   Michael: Yeah. Oh, that's such a good expression. I can't tell you how many times I've heard people say, oh, I wanted to visit with my best friend. We're so similar that I'm like, that doesn't sound like a good partnership.   Neil: Sounds like sounds like a great bar and I but not a good business decision.   Michael: Yeah, I know. Totally, yeah right.   Neil, if we zoom back into the commercial side of real estate coming from the single family space, what is it that you see is the biggest hurdle of barrier to entry for folks that want to make that leap into commercial but utilize someone such as yourself to help them get there?   Neil: You'll never guess us? Are you ready for this?   Michael: I hope so.   Neil: I know, you're it's a mental barrier. It's all made up in their head. It's they don't think they can't. Yeah, but they don't think that that is it because past that, the ability to go well, okay. Well, if you've ever let me let me liken it to single family. A duplex is like a single family rental house, right? It's just two doors and the numbers change a little bit? Well, a 20 packs is the same thing. There's largely, there's not much difference in these things you're adding some zeros are calculated a little differently, but it's pretty much the same. In fact, management, in my opinion, gets easier. The more doors you have, right, you get professional management, you get it, it becomes simpler. Yeah and then to make a change to go into some other asset class, we just have to make a bridge. What does that look like? They have to go to an industrial buildings on a triple net lease, which is probably the simplest thing to calculate and get one's head around when you're going, well, they just pay a lease rate, and then they fix all the stuff that goes wrong with it, right? That's it your true and your true and why is the rent, we've got multiple properties like that and we're the management company, which means we just get the rent and never hear Yeah.   Michael: Yeah, that's by far the easiest piece of property in my portfolio is triple net.   Neil: Yes, correct. But people are, you know, we're scared about what we don't know and that's true of all of us, right? We're scared about what we don't know, afraid to make mistake, which is totally understandable and so we just help folks, we educate them as we go answer questions as we go and show them the exact path to be able to get from, you know, I want to learn more about commercial real estate, I'd love to be able to buy a deal to actually get to a close.   Michael: That's awesome. And I'm curious, Neil, what's your favorite asset class and why?   Neil: My favorite asset class, although I own I'd have to calculate up four or five different asset classes, but my favorite today is going to be industrial.   Michael: Industrial why is that?   Neil: Yeah, industrial is in demand like crazy. Secondly, in 2021, had the second largest rent increase across all asset classes, only trailing two apartments. But in comparison to apartments, they're far easier to manage, right, I get a triple net deal, or a double no deal, there isn't much to do, there's very few moving pieces you end up with, on average, let's say a five year to 10 year lease is pretty straightforward.   Michael: Okay. So if I'm playing devil's advocate here, and we're looking at this industrial building, this is suited only for a business. This is not for people can't come live here and the type of business you might have to build to suit it out for that particular business 5-10 years down the road, that might be a future Neal problem. But let's drive down that path that tenant leaves goes out of business, what have you economy turns? If businesses aren't doing well, in the area, are you stuck with this vacant building now?   Neil: 100%. If businesses are doing well in the area, meaning they're laying off or not employing people, my thesis is you still have you still have an apartment problem relative to occupancy and or rent rates. This goes back to earlier question is, admittedly, we have to take a risk someplace, right? It's just my comfort level and I like the box, you know, not a somehow engineering building has been added on to or defined for one, one person's exact use, I like a big giant box, just a rectangle, that's it, a business of multiple businesses come into that and fill it out in which way they want to. So like the fact that if I can buy my, my preferred buying is for buying some older not buying brand new stuff, buying some older buying something with a value add or on buying at a discount of some managers, the intent is to buy it correctly. And if I can buy a property, let's call it make up a number right now 70 to $80, a square foot brand new construction is gonna be 120 to 130 a square foot, I think I'm in pretty good shape over the course of coming years, I think that my dollars, and my rent rates get pulled up to the fact that sheer cost of new construction is gonna be 60% higher.   Michael: All right, I dig it, I dig it and for anyone, I'm just realizing now, some of our listeners might not be familiar with the term double net triple net lease, can you give us a quick definition of what it is?   Neil: Yeah, it just defines what people pay for double net, for example, is probably one of the least likely terms that use but let's say triple net triple net means ultimately that the tenant pays for everything, there may be some nuances inside the lease, but taxes, insurance, repairs maintenance, the tenant pays for that. So if your releases 100 grand a year, your net is 100 grand a year before, before your mortgage, any sort of debt payment you have on it. A double net means they don't pay for everything they pay for perhaps taxes and insurance, but not all the repairs and all the maintenance, and therefore your NOI is gonna be a little lighter, depending on what you have to maintain and pay for.   Michael: Okay, perfect and I'm sure some of our listeners are hearing that and thinking like, this is the best thing since sliced bread. I'm gonna go put all of my single family homes and all my apartments on Triple Net leases. Why is it only a thing that's been heard of in the commercial space?   Neil: Yeah, no good question. You know, to liken it to single family, you're like lease with an option or a contract sale, that's probably the closest thing you get to a triple net in the in the single family house side, right? So you kind of contract sale, somebody that mean that contract buyer is now responsible for everything associated with that house, right? That's what it looks like. If you look at the closest thing, there's some differences there. Obviously, a contract sale into a down payment interest rate. That's not the same as a triple net lease on the industrial side but that's probably the easiest way to liken it to single family.   Michael: Yep. Yeah, that makes total sense and for anyone listening, like Neil mentioned, it's just the cap rate is like the easiest thing ever in the Analyze easy thing ever, you got a million dollar building cap rate 6% they're paying 60 grand a year, then bam, boom, end of discussion. You're not paying taxes, you're not paying insurance, you know, capex and maintenance. So you can calculate your true return, and then look to calculate what your debt service payments gonna look like and determine what your return looks like after that, versus the traditional single family rental or apartment or traditional residential space. They pay you a set fixed amount, the rent, and then you have to go figure out the taxes, insurance, repairs, maintenance, capex, that sort of thing.   Neil: So hey, just because I like it or you know, in other investors likes something else doesn't mean it's right. There's only what's right for you.   Michael: Yeah, yeah. I love it. Neil, this has been so much fun, man. I want to be very respectful of your time. Let's get you out of here. But before we go, like where can people reach out to you find out more about you continue the conversation if they're interested?   Neil: Yeah, no, great question. Well, if you want to learn more about commercial real estate getting rich in what I call the 20x niche, why do I call it that? Well, because our target internally is to produce in a monthly return that's 20 times that of us Single Family return so we're scaling up largely is just go to my website give you a free download free report just you can learn more about the industry getting into commercial. So www dot legacy impact partners forward slash gift JF T legacy impact partners Ford slash gift: https://legacyimpactpartners.com/   Michael: Right on thank you so much and before I let you go I mean I'm not gonna let you out of here without mentioning your podcast you're also the host of a podcast was that was a you're kind enough to have me on what is that called and what can people expect to hear on it?   Neil: Real grit is the name of it it's about the trials tribulations anybody from real estate. So we talked about single family talking about commercial talk about everything in between. But really, so that we fully admit that you know, life isn't all about Lambos and big houses on cash and checks and everything on Facebook that or social media wherever you'd see it right? That there's ups and downs there's, there's we have to go through stuff and many times to be able to find our own personal success and so we talk through that and people's personal stories and how they got there because all bunch people, they get their different ways and it's really exciting. It's, we get into some really interesting, very dynamic conversation a lot of fun, love it. You and I had a great conversation.   Michael: I had a ball. I had a ball.   Neil: It was a blast, man.   Michael: Awesome. Well definitely go check out that podcast, real grit, a lot of fun, really cool stuff going on there. Neil, thank you again. Any final words thoughts for our listeners?   Neil: No, you're going to find me you know, like I shared it though the website I'm also on all the all the social media platforms. Facebook's the best place to find me Neil Timmins, or there are many Amin just spell it right you got me   Michael: Right on, many thanks again. Appreciate you, see you soon. Bye.   Neil: Bye, bye.   Michael: All right, well, that was our episode. A big thank you to Neil for coming on the show. Really, really interesting stuff that Neil's been through seen and experienced. As always, if you enjoyed the episode, we'd love to hear from you with a rating or review wherever it is get your podcast, and we look forward to seeing on the next one. Happy investing…

Get the full text, PDF, infographic and animated book summary at https://www.getstoryshots.comDisclaimer: This is an unofficial summary and analysis.Life gets busy. Has The Millionaire Next Door been on your reading list? Learn the key insights of this book now.We're scratching the surface here. If you don't already have Thomas J. Stanley and William D. Danko's classic book on personal finance habits to become a millionaire, order it here or get the audiobook for free on Amazon to learn the juicy details.StoryShots Summary and Analysis of The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley and William D. DankoIntroductionMillionaires live lavishly. They fly private jets, drive sleek Bentleys, and wear the newest designer clothes. They also live in expensive houses in Beverly Hills and Atherton. Or is that all fantasy? The reality is much different. Thomas J. Stanley and William D. Danko claim to have discovered the greatest secret of America's real millionaires. In their book, The Millionaire Next Door, they reveal their discoveries about the simple lifestyle of America's millionaires.The Millionaire Next Door has one core premise. You can become financially successful too if you avoid spending more than you earn, commit to investing, and plan your finances well.“The implication of The Millionaire Next Door…is that nearly anybody with a steady job can amass a tidy fortune.” - ForbesAbout Thomas J. Stanley and William D. DankoThomas J. Stanley (1944-2015) was an American author and business theorist. He authored and co-authored several books on America's wealthy class. The list includes the New York Times bestseller, The Millionaire Next Door, with William D. Danko.Stanley earned a doctorate in business administration from the University of Georgia. After graduating, he served in different corporate leadership capacities. He was also a chief advisor at Datapoint Corporation. Founded in 1968, Datapoint was a technology company that manufactured computer terminals. Later in his career, he lectured in marketing at the University of Tennessee and the University of Georgia.Dr. William D. Danko is a faculty member at the State University of New York. Over the past three decades, he has studied consumer behavior and wealth formation extensively. In addition to The Millionaire Next Door, he has also co-authored Richer Than a Millionaire: A Pathway to True Prosperity. Dr. Danko is a published researcher in the US, Australia, Canada, Germany, Poland, and Switzerland. He completed his Ph.D. at Rensselaer Polytechnic Institute's (RPI) Lally School of Management.Stanley and Danko spent 20 years studying how successful Americans gained and spent their money. They engaged around 1,000 respondents, who answered 200 questions each. Many authors spend a lot of time studying and writing about how to get rich. But Stanley focused on understanding how the rich live a life different from ordinary Americans. Stanley passed away in a car crash in 2015.Join us...

There are two ways people get involved in real estate: either they stumble upon it or they purposefully do it. Today's guest, John Errico, somehow experienced both at different points of his real estate adventure.   John got involved in real estate in an almost accidental manner. Tired of paying rent, he and his wife, who was also an attorney, decided to buy a two-family property and ended up house-hacking it. Eight months after this first purchase, they bought their second house, then soon the third one – and the rest is history.   A serial entrepreneur and a Yale and Cornell Law graduate, John left his full-time law practice in 2013 to run venture-backed technology startups in California and New York, including a company in the real estate space. In 2014, he began building a real estate portfolio in the New York City area that eventually spanned out to Union City, New Haven, and now, Atlantic City.    In 2018, John and his partner, Ryan Goldfarb, started Liberty Hudson Capital. Soon, they will be up to 100 doors in Atlantic City. They also recently closed a 48-unit old hotel building in the area, and their plans for it are exciting. Very intentional and very purposeful about everything, now they're part of the narrative of rebuilding the once-doomed Atlantic City.   In this episode, you will hear: How John got into the real estate space  How house-hacking got them to buy other houses The transition from tech stuff to full-time real estate Tips before going into joint ventures Why Ryan doesn't recommend starting a construction company as a real estate investor Why you want to invest in Atlantic City The value of diversifying your portfolios   Subscribe and Review Have you subscribed to our podcast? We'd love for you to subscribe if you haven't yet.  We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.   Supporting Resources: Website - https://www.libertyhudson.com/  LinkedIn - https://www.linkedin.com/in/john-errico/ Liberty Hudson Solutions - https://www.libertyhudsonsolutions.com/ Bench Properties - https://www.bench-properties.com/ Brick x Brick Podcast - https://www.libertyhudsonsolutions.com/podcast The Case for Atlantic City -https://www.libertyhudsonsolutions.com/podcast/episode/2126fb87/the-case-for-investing-in-atlantic-city-real-estate Jonathan's guest spot on Brick x Brick - https://www.libertyhudsonsolutions.com/podcast/episode/21e0bf0c/formulating-your-real-estate-investing-strategy-withjonathan-greene Bigger Pockets - www.biggerpockets.com Interview with Ryan Goldfarb: https://www.trustgreene.com/podcast/zen/011  Book: The Millionaire Next Door by Thomas Stanley and William Danko ​​https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474    Zen and the Art of Real Estate Investing Resources Website - www.streamlined.properties YouTube - https://www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties/ Email - info@streamlined.properties     Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

IN THIS EPISODE, YOU'LL LEARN: 03:50 - What made Shinobu want to branch out on her own despite doing so well in the corporate world as a financial advisor?05:51 - What made Shinobu want to write another book about money and what guided her to make it different than the rest?08:09 - How Shinobu has been seeing the relationship between money and women change over the last few years and how she expects this to continue to evolve into the future.09:44 - Where Shinobu thinks new investors should start with their money journey and build a foundation.12:46 - How a budget allows people to actually live a better, happier lifestyle, rather than feeling constricted.24:43 - How people can pick the right investment strategy for them once they've got their personal finances in order and are ready to start building a house and their investments.29:44 - Where a financial advisor comes in when it comes to all aspects of money (i.e. personal finance, investing, insurance, etc.) and if everyone really needs one. 38:09 - If millennials should prioritize saving and investing over reducing debt, or if they should focus on their debt first.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESShinobu Hindert's book Investing is Your Superpower.Morgan Housel's book The Psychology of Money.Thomas Stanley and William Danko's book The Millionaire Next Door.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.Join Steadily and BiggerPockets in recognizing and celebrating landlords nationwide by participating in the #AmericasBestLandlord contest. Find out how you can win $10,000 today.Support our free podcast by supporting our sponsors. Connect with Shinobu: Website | Instagram | FacebookConnect with Robert: Website | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In Part Two of this two part episode series, Bill and Anastasia continue to discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw. Which of the following three variables is the best predictor of consumption - income, net worth, or market value of your home? What kind of cars do millionaires drive and why is that important? Is a million dollars "enough" anymore? Are millionaires happier? Bill and Anastasia get a bit more philosophical as they sum up their thoughts on this book and how it relates to creating wealth and the importance of "thinking abundantly." For questions or comments, you can email us at askcreatingwealth@taberasset.com

In Part One of this two part episode series, Bill and Anastasia discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw. Is wealth creation really about spending control, or how much wealth you start out with? Bill and Anastasia define and cover characteristics of "the millionaire next door" and what to emulate. Anastasia mentions six key behaviors that lead to wealth accumulation. Why do millionaires refrain from telling their children how wealthy they are? Bill and Anastasia talk about their social media use and Anastasia finds an excuse to talk about Gilmore Girls again when discussing the importance of critics in a millionaire's life. For questions and comments, you can email us at askcreatingwealth@taberassset.com

I went through the process of exiting three businesses in the last year. Despite my experience as an entrepreneur and certified exit planning advisor, I found that the process of moving my business from an illiquid to a liquid position was challenging. Truly, there's no amount of preparation that can prepare you for the emotional rollercoaster you're going to ride as you exit your business.   What you can prepare for when you exit your business, however, are the blind spots.   In this episode, I explain how to avoid the largest blindspots in exit planning and transitioning your business. I describe the advantages and challenges associated with transitioning a business to employees, family members, or the open market. I also discuss avoiding the familiarity bias and underscore the power of working with a certified exit planning advisor.   “A blindspot is only going to be revealed and repaired for your ultimate sale when you couple yourself up with clear thinking, determination, and a guide who has walked that path.” - Justin Goodbread   This week on the Financially Simple Experience:   The benefits and challenges of selling your business to a key employee The advantage and disadvantages of transitioning your company to a family member Tax planning in estate planning Selling to an open market and its pros and cons The biggest blindspot in exit planning and how to fill it Working with a certified exit planning advisor and avoiding the familiarity bias Working through a SWOT analysis The three types of businesses Why we need to work with coaches outside of our industry   Resources Mentioned:   Book: The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley   Our Favorite Quotes:   “If we business owners delay, we might not be prepared for the opportunity of exiting our businesses. We might miss it, get less than desirable value, or even regret the sale.” - Justin Goodbread “We want to make our assets as valuable as possible. If we invest in it properly, it can give us better value than the open markets and real estate can. We can control it. We can drive it.” - Justin Goodbread “Coaches are powerful. I challenge you to hire a business coach that's not in your industry and let them challenge you, ask you lots of questions, and make you defend what you're doing.” - Justin Goodbread   About The Financially Simple Podcast If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you've come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin's combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.  If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/ Connect with Justin: Financially Simple newsletter Facebook LinkedIn Twitter Subscribe Here: Apple Podcast Spotify Google Podcast iHeart Radio Stitcher Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.   Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).   This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.

IN THIS EPISODE, YOU'LL LEARN:01:43 - How the idea of You Need A Budget came to be. 02:50 - If you need to raise capital to start a business.04:31 - What is the Four-Rule Method of budgeting, and why it works?13:30 - How can you roll with the punches when it comes to budgeting?22:11 - What does it mean to age your money?43:46 - Why budgeting is crucial to being a successful investor.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out You Need A Budget.JL Collin's book The Simple Path to Wealth.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Erin Lowry's book Broke Millennial.All of Robert's favorite books.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Make backing up and accessing your data astonishingly easy with Backblaze. Sign up for a free trial today.Get up to 3% Daily Cash back on everything you buy with Apple Card. Subject to credit approval. Daily cash is available via an Apple Cash card or as a statement credit. See Apple Card customer agreement for terms and conditions. Apple Cash card is issued by Green Dot Bank, Member FDIC. Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of August 1, 2022.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Buy Raycon's Everyday Earbuds today and enjoy 15% off your order!Support our free podcast by supporting our sponsors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Support the podcast: patreon.com/thehemingwaylist War & Peace - Ander Louis Translation: Kindle and Amazon Print Host: @anderlouis

Justin Goodbread is an author, entrepreneur, and certified financial planner. He founded his company,  Heritage Investors, in 2009 to help individuals, business owners, and retirees attain their financial goals. In 2019, Justin founded Heritage Business Advisors to help business owners realize their full potential. He later joined the WealthSource family after the company and its affiliates acquired Heritage Investors and Heritage Business Advisors in 2022. He is also the author of Your Baby's Ugly, as well as the Amazon best-selling book, The Ultimate Sale.   Justin joins us today to discuss how to build a best-in-class company for the ultimate business sale. He shares the first time he became self-employed and his journey to founding Heritage Investors and Heritage Business Advisors. He explains what led him to partner with WealthSource and describes how joining a larger company has benefitted the Heritage brand. Justin also details his approach to writing books and underscores why entrepreneurs should start a business with the end goal in mind.   “We should build a business for the ultimate customer—the customer we're going to transition or sell our business to in the future.” - Justin Goodbread   This week on The Model FA Podcast:   Justin's journey to the financial planning industry The principles of landscaping and how they continue to guide Justin in business and entrepreneurship The power of scale and collaborating with a team The growth of the Heritage brand and its acquisition by WealthSource What led Justin to sell the Heritage companies and partner with WealthSource How joining a larger company has impacted the Heritage business Justin's current role and responsibilities at WealthSource and his vision for the future What inspired Justin to write a book and other financial content How creating a podcast helped Justin write a bestselling book The weaknesses of the RIA industry and the benefits of building your brand   Resources Mentioned:   Book: Think and Grow Rich by Napoleon Hill Book: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert Kiyosaki Book: The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey Book: The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley   Our Favorite Quotes:   “Regardless of where you're running your business, there are principles you need to abide by to be successful.” - David DeCelle “Being able to put out valuable content and being omnipresent allow you to appeal to peoples' various learning styles.” - David DeCelle “In everything we want to do in life, we have to start with the end in mind. We have to know exactly where we want to be.” - Justin Goodbread   Connect with Justin Goodbread:   Financially Simple Book: The Ultimate Sale: A Financially Simple Guide to Selling a Business for Maximum Profit Book: Your Baby's Ugly: Maximize the Value of Your Business or You'll Have Nothing to Sell Financially Simple on YouTube Justin Goodbread on LinkedIn Justin Goodbread on Instagram Justin Goodbread on Facebook Justin Goodbread on Twitter Email: justin@financiallysimple.com   About the Model FA Podcast   The Model FA podcast is a show for fiduciary financial advisors. In each episode, our host David DeCelle sits down with industry experts, strategic thinkers, and advisors to explore what it takes  to build a successful practice — and have an abundant life in the process. We believe in continuous learning, tactical advice, and strategies that work — no “gotchas” or BS. Join us to hear stories from successful financial advisors, get actionable ideas from experts, and re-discover your drive to build the practice of your dreams.    Did you like this conversation? Then leave us a rating and a review in whatever podcast player you use. We would love your feedback, and your ratings help us reach more advisors with ideas for growing their practices, attracting great clients, and achieving a better quality of life. While you are there, feel free to share your ideas about future podcast guests or topics you'd love to see covered.    Our Team: President of Model FA, David DeCelle   If you like this podcast, you will love our community! Join the Model FA Community on Facebook to connect with like-minded advisors and share the day-to-day challenges and wins of running a growing financial services firm.

Where are you right now in your journey through the wealth game? Do you have savings or emergency funds? Are you investing in your future? Do you have a 401k? Have you started your own business? If you have, congratulations, you're in second base! As we continue our journey through the wealth game, we want to begin saving, investing, and accumulating assets while we cast our eyes to third base. Yet—just as the run from first to second was difficult—the run from second to third can be arduous. So, how can you get there?   In this episode, I outline how to move from second to third base in the game of wealth. I define the Prestigious Accumulator of Wealth category and explain how you can get there. I describe why entrepreneurs should build assets inside and outside their businesses. I also highlight the role of coaches in playing the game of wealth and underscore why staying the course to third base is worth it.   “Those of us who make prudent investments, who make wise decisions, who keep the targeted mind—those of us who focus on that intensity—reach third base.” - Justin Goodbread   This week on the Financially Simple Experience:   Reaching second base and beginning to invest in your future How to calculate your net worth The Prestigious Accumulator of Wealth category Why business owners should pull their businesses out of their net worth statement How owning a business can quickly propel you to third base The importance of building a portfolio of assets inside and outside your business   Resources Mentioned:   Book: The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley   Our Favorite Quotes:   “Stay the course. If you find it hard to guard yourself against the naysayers in your world, find an advisor or coach that can encourage, push, and strengthen you.” - Justin Goodbread “We need coaches, no matter where we are in the game of wealth.” - Justin Goodbread “Moving from second to third base is tough. The reality is we'll spend decades of our lives there, but it's worth it. Keep the journey—stay focused.” - Justin Goodbread   About The Financially Simple Podcast If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you've come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin's combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.  If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/ Connect with Justin: Financially Simple newsletter Facebook LinkedIn Twitter Subscribe Here: Apple Podcast Spotify Google Podcast iHeart Radio Stitcher Let us know your thoughts about the show - please leave a review on iTunes to help others discover the podcast.   Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).   This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.

IN THIS EPISODE, YOU'LL LEARN:03:06 - Why behavior and mindset are so important when it comes to money.04:42 - What value-based spending is and how it can help with balancing the YOLO and future-thinking mindsets. 06:07 - What “keeping up with the Joneses” means and why you shouldn't do it.10:57 - How to fight back against lifestyle creep.12:53 - How to avoid or get out of the paycheck-to-paycheck cycle.14:16 - What the difference is between bad debt and good debt.14:16 - How to get out of bad debt and leverage good debt.18:37 - If one should use or avoid credit cards and how to appropriately use them.30:08 - What silent killers are in terms of money.36:54 - What the shocking cost of cars is and the myths of car loans.44:25 - How to successfully manage money with one's partner and avoid divorce.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Aaron Nannini's book Cash Uncomplicated.Thomas Stanley and William Danko's book The Millionaire Next Door.Ramit Sethi's book I Will Teach You To Be Rich.Support our free podcast by supporting our sponsors.Invest in crypto and trade it without tax headaches with AltoIRA.Loansteady is here to find a mortgage that works for you, not the other way around. They are waiving all lender fees for listeners of Millennial Investing. Important terms and conditions apply. Loansteady LLC, All rights reserved, NMLS# 1701910, Equal Housing Lender. For more licensing information, please visit https://www.loansteady.com/licenses-and-legalTell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.Read this episode's transcript and full show notes on our website.Connect with Aaron: Website | Facebook | LinkedIn | Instagram Connect with Robert: Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Do you know the number one way to becoming a Millionaire? There is one way above all others. Requires a vehicle that will give you the 7 Figure revenues that eventually creates a 7 Figure net worth. Thomas Stanley's book The Millionaire Next Door, he interviewed hundreds of Millionaires and discovered some amazing things. How a millionaire thinks, believes, lives, etc. All millionaires have one thing in common. It is the number one way to become a millionaire. Owning your own business. 83% of all millionaires own their own business. But it takes a 7 Figure Mindset to be able to build one. Richard Branson owns 400 businesses. Can you start ONE? Your own business give you; More Control. Options. True Security. Hope. Energy for your dreams. A better self image. Confidence. Increased cash flow and more. What are you passionate about? What do you have a knack for? What comes easily for you? These are clues to a business you can start. Out of every dollar of value you bring to a company, you are paid about 25 pennies of every dollar and the company keeps the other 75 pennies of the dollar. With your own business, you KEEP ALL THE PENNIES - ALL 100 pennies of every dollar vs a company keeping the majority of them. Hewlett Packard started out of a garage. Microsoft started out of a dorm room. Apple started out of a garage. Netjets started out of a small hangar at a desk. Spanx started out of a bedroom. Amazon started out of a garage. Papa Johns started out of a broom closet. What kind of business can you start out of your home?

Financial literacy expert Adam Carroll joins Tim to talk about all things money, from financial freedom, managing your own finances, and the current trend towards a cashless society.  Adam is the author of “Winning The Money Game,” “30 Days To $1K,” and “Mastery of Money for Students.”  He is a two-time TED talk speaker, with one of his talks surpassing 4 million views. https://traffic.libsyn.com/secure/shapingopinion/Adam_Carroll_Final_auphonic.mp3 Money. You either have a little or a lot, but it seems for most people, you never have enough. And for as critical as it is, it's amazing how little most of us actually understand it. In ancient times, if human beings wanted something from someone else, they bartered. I'll give you a cow if you give me salt or tobacco. Somewhere around 5,000 BC, metal objects were used as money.  And then around 700 BC, a group called the Lydians were the first in the Western world to make coins that were used as money. Not long after that, countries started to make their own coins and give them certain values. That way people could compare the cost of items or services that people wanted. China was the first country to introduce paper money. Paper money became more common by 960 AD. We still rely on paper money and coins for much of our day-to-day spending and purchasing. But we also rely heavily on a cashless society. Credit cards, loans, and now thanks to our digital world – Venmo, online spending using passwords that access our financial accounts without anything physical changing hands. And, of course, crypto. We're fast moving into an almost totally cashless world.  And it seems to be happening at the speed of light. Adam Carroll is an author and a speaker on the subject of personal finance. He has spent the better part of his career and life helping people better understand money, how it fits in their lives, how to manage it, and how to be financially free. Links Adam Carroll's Website, AdamSpeaks.com The Build a Bigger Life Manifesto, by Adam Carroll (Amazon) Winning the Money Game, by Adam Carroll and Chad Carden (Amazon) The 7 Habits of Highly Effective People, Franklin/Covey The Fifth Discipline, by Peter Senge (Amazon) Rich Dad Poor Dad, by Robert Kiyosaki (Amazon) Cashflow Quadrant, by Robert Kiyosaki (Amazon) The Millionaire Next Door, by Thomas Stanley and William Danko (Amazon) Udemy.com Coinbase How the Status Quo Bias Affects Your Decisions, VeryWellMind.com Financial Independence, Retire Early (FIRE), Motley Fool About this Episode's Guest Adam Carroll Adam Carroll is an internationally recognized financial literacy expert and author of Winning The Money Game, 30 Days To $1K, and Mastery of Money for Students.  He is a two-time TED talk speaker, with one of his talks surpassing 4 million views. He is the creator of the Broke, Busted & Disgusted documentary which has been played in hundreds of high schools and colleges, and is featured on CNBC and available on Itunes. He is the founder and curator of www.MasteryOfMoney.com, and a contributor to the Huffington Post. Adam has presented at over 750 college and university campuses, hundreds of leadership symposiums, and countless local and regional events. His passion is helping people build a bigger life, not a bigger lifestyle.

When choosing a life partner, a key factor to consider is if your ambitions and goals align with your partner's. Disagreements about money are one of the leading causes of divorce. In today's week episode, the Dreamers joining us are Anjie and RJ, Founders of Rich by Intention. The couple shared tips on how to effectively manage finances as a couple, the strategies that helped them pay off $123K of debt in one year and the steps we can take to start living a rich life by intention. With Rich by Intention, Anjie and RJ's hope is to encourage couples to be rich in their marriage, in parenthood, in life, and ultimately live a rich life by intention.In this episode, Anjie and RJ share:   What motivated them to start “Rich by Intention”. How to change your mindset around money to build wealthThe strategies that helped them pay off their $123K debt in 18 months Tips to help you increase your incomeHow to create a budget that reflects what's important to you The lessons they've learned from their biggest money mistakesWhat you can do to start living a rich life by intention todayIf you enjoyed today's episode, here's what you can do to support me and help more Dreamers discover the podcast:Leave a review on Apple Podcasts or wherever you listen to podcasts. I read every single review. I will select one review to read on the podcast every month.Follow the podcast, so you never miss an episode: Apple Podcasts | Google Podcasts | Spotify |  iHeart Radio | Amazon Music | Listen Notes |Share the podcast with your family, friends, and co-workers.Tag the podcast on Instagram @thedreamers.podcast and let me know what you like about it.Other Resources MentionedRich Dad, Poor Dad by Robert T. KiyosakiThe Millionaire Next Door by Thomas Stanley and William Danko Never Eat Alone by Keith FerrazziThink and Grow Rich by Napoleon HillAbout the GuestAnjie and RJ are a millennial married couple and founders of Rich by Intention. Their mission is to empower couples to manage their money and everyday life with the intention of eliminating debt, saving money, and investing for their future.Connect with Anjie and RJWebsite

En este episodio Fernando Viñas nos comparte su camino hacia el #Emprendedurismo, nos da estrategias para tener una #vida #financiera más saludable y también nos habla de los #hábitos que tienen en común las personas #ricas. El libro mencionado en el episodio es "El Millonario de la puerta de al lado" de Thomas Stanley y William Danko. Aquí está su bibliografía completa pero tu librería local te agradecerá mucho si se los compras a ellos :D https://www.amazon.com/millonario-puerta-lado-EXITO-Spanish-ebook/dp/B01E5L1EU4 ... A Fernando lo puedes encontrar en Facebook como Maneja tu Dinero y Conquista tus Metas, en Instagram como @fernando.vinas o en su página web https://www.manejatudineroyconquistatusmetas.com/ Y para comunicarte conmigo puedes hacerlo a través de mensaje privado en Instagram @beasandov, en el grupo de Facebook "La Magia de Atreverse" o por correo electrónico a bea@jaimes.net Y por último, ¿Me harías un favor? ¿Podrías mandarme tus comentarios, sugerencias o ideas de invitados aqui? Este podcast lo hacemos todos, así es que me encantará saber de ti! --- Send in a voice message: https://anchor.fm/bea-sandoval/message Support this podcast: https://anchor.fm/bea-sandoval/support

“The most important investment you can make is in yourself.” - Warren BuffetLearning from those smarter than you is a key to financial success and these 5 books should help you get one step closer to a better financial future.OutlineThe Psychology of Money by Morgan Housel [03:35]The Millionaire Next Door by Thomas Stanley & William Danko [08:31]I Will Teach You To Be Rich by Ramit Sethi [10:42]Essentialism by Greg McKeown & Effortless[15:13]Soundtracks by Jon Acuff [19:17]Links (some affiliate links)The Psychology of Money bookPsychology of Money ArticleThe Millionaire Next Door bookI Will Teach You To Be Rich bookEssentialism bookEffortless bookSoundtracks bookNext UpNext week we'll look at the book The Millionaire Next Door.Advertising Inquiries: https://redcircle.com/brands

Daniel Scriver shares insights on how to develop your career from his experience as a college dropout turned designer turned CEO. — YOU'LL LEARN — 1) How to develop new skills through self-teaching 2) Why Daniel left a dream job at Apple 3) Why you should always seek discomfort Subscribe or visit AwesomeAtYourJob.com/ep628 for clickable versions of the links below. — ABOUT DANIEL — Daniel Scrivner is the CEO of Flow. Previously he was the Head of Design at Digit and Square. He's worked for some of the most respected brands in the world including Apple, Nike, Disney, and Target. Daniel advises world-class teams at companies like LendingHome, Empower, TrustToken, Designer Fund, and Notation Capital. He's an early-stage investor in businesses like Superhuman, MixMax, Notion, Good Eggs, Burrow, Madison Reed, Stance, Almanac Brewing, and many more. And he's been invited to speak at some of the world's most prestigious organizations including Andreessen Horowitz (A16Z), General Assembly, Techstars, Designer Fund, and 500 Startups. • Daniel's website: DanielScrivner.com • Daniel's Twitter: @DanielScrivner • Daniel's LinkedIn: Daniel Scrivner • Daniel's podcast: Outliers with Daniel Scrivner • Daniel's company: GetFlow.com — RESOURCES MENTIONED IN THE SHOW — • Product: Neumann U 87 • Software: Superhuman • Book: Rich Dad Poor Dad (What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!) by Robert Kiyosaki • Book: The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas Stanley, William Danko, Sarah Stanley Fallaw • Book: Principles: Life and Work by Ray Dalio — THANK YOU SPONSORS! — • Find Your Dream Job. Learn Ramit Sethi's pro-tips at IWT.com/podcastDJ• United Harvest. Get superior meats at unitedharvest.com. Promo code: AWESOME• Blinkist. Learn more, faster with book summaries you can read or listen to in 15 minutes at blinkist.com/awesomeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.