So you're a millionaire.
Meh! Just another day.
Savor it, don't forget to mark the occasion. But also, don't rest yet! This thing is like a boulder being pushed uphill. Keep pressure against it, stay focused and stay the course.
Cash flow is the dream and leads to financial freedom. Not just a number on paper!
Let's celebrate the day together when you become a Backyard Millionaire! But then let's put our heads together to figure out next steps for managing your property and growing your fortune, where you are with what you've got.
Rock on!
Chris Story
Don’t Die a Mega-Death by ComparisonHave you ever felt proud of what you’ve accomplished—only to meet someone who seems to have done more?
They’ve traveled where you want to go.
They’ve built more. Earned more. Experienced more.
And suddenly, the satisfaction you felt just moments before begins to fade.
Nothing about your life changed in that instant. Only your measuring stick did.
In this episode, Chris explores the quiet danger of comparison—and how it can rob you of the joy, confidence, and momentum you’ve rightfully earned.
Comparison doesn’t make you stronger. It makes you smaller.
Your life was never meant to be measured against someone else’s highlight reel.
In This Episode
Key Takeaway
Don’t die a mega-death by comparison.
Live your life. Run your race. Build your dream.
Chris Story
Can you imagine accomplishing more by doing less?
Henry Ward Beecher believed that was the secret behind his extraordinary success: doing less—but doing it with complete focus.
Most people scatter their energy. They anticipate. They worry. They replay. Beecher concentrated his effort on the work itself—and nothing more.
If that idea speaks to you, take a listen to this episode. And share it with someone who might be carrying too much, when less would serve them better.
If you’d like to go deeper, pick up a copy of my book, Born to Live – Finding Purpose on the Road to Hope. It’s the story of a man who learns, the hard way, that the good life can only be lived in the present moment.
Until we meet again, remember: you really can make a million bucks in your own backyard.
Chris Story
In March of 2020, when the world slowed down, something else began.
Sitting alone in his library in Homer, Alaska, Chris Story wrote a single sentence that would become the opening line to his book, The Backyard Millionaire:
“When I first met the Backyard Millionaire, I wasn’t impressed.”
What followed was not just a book, but the story of a man who quietly built wealth, independence, and a remarkable life right in his own community.
His name was Oscar.
He wasn’t polished. He wasn’t flashy. In fact, he could be downright grouchy. But beneath that rough exterior was a man who had discovered something most people never do: how to win at life on his own terms.
In this episode, Chris shares the story of Oscar, one of his greatest mentors, and the timeless lessons he passed down. Along the way, you’ll hear how Oscar, Chris’s father, and trusted advisor Charles Hough helped shape the principles behind the Backyard Millionaire philosophy.
This is a story about mentorship, quiet success, and the power of building your version of the American Dream—right where you are.
In This Episode, You’ll Discover
“When I first met the Backyard Millionaire, I wasn’t impressed.”
Most people think wealth looks a certain way.
Oscar proves it doesn’t.
His story is a reminder that financial freedom isn’t about flash. It’s about ownership. Independence. Patience. And the quiet discipline to build something that lasts.
Broadcasting from the edge of the continent, this episode carries forward a philosophy born not in skyscrapers—but in backyards.
Learn More
You can read the full story and the principles behind it in the book:
The Backyard Millionaire by Chris Story
Rhonda Johnson with Cornerstone Home Lending here to Explain Reverse Mortgage's inside and out.
Plus...a bonus of the first two chapters of my book: The Millionaire Code - Unlocking the Principles of Lasting Wealth
www.ILoveHomerAlaska.com
www.ILoveHomerAlaska.com
Visit our site and sign up for our Newsletter - You'll love it!
chris story
Backyard Millionaire Radio – August 21, 2025Welcome back, friends. Today we’re covering everything from the Backyard Millionaire Creed to real estate wisdom, market timing, the Fair Tax Act, a fascinating brain myth, and even a few one-liners to keep you smiling. Let’s dive in.
The Backyard Millionaire CreedPromise yourself…
And never forget—you really can make a million bucks in your own backyard.
That’s living in America.
Featured Book: The Schoolyard MillionaireThe Wheel of Life and Wealth—a guide for young dreamers and future millionaires.
“Within these pages, my friend and colleague Chris Story proves to us all that you don’t have to be smarter than a fifth grader to become a millionaire. The principles are simple, straightforward, and can be applied in your life beginning today.”
—Jim Stovall, bestselling author of The Ultimate Gift
Now available in paperback and eBook on Amazon. Get a copy for the kids you care about!
Reader Question: Jerry Asks
“What’s the very first step you’d take if you decided today to become a landlord? Would you start by looking for a property, or by building your team?”
Great question, Jerry. The Millionaire Maker makes it clear:
Want a free PDF of The Millionaire Maker? Visit ILoveHomerAlaska.com, sign up for the newsletter, and it’s yours.
Words of WisdomWarren Buffett once said:
“Be afraid when others are greedy. And be greedy when others are afraid.”
Right now, headlines scream that real estate is “dropping like a rock.” Interest rates are high. Prices are steep. And yet—Tiffanie and I are out hunting for our next rental.
Why? Because there’s no perfect time. Waiting for the stars to align is like waiting until you’re 100% ready to have a baby—good luck with that!
The market timing that matters most is not what the news says—it’s the timing of your life.
Start small. Open an investment account. Put something in every month. Study the trends, but focus on your own backyard.
Real Estate Mind BenderPresented by AJ’s Old Town Steakhouse & Tavern
Question:
What percentage of all U.S. mortgages are backed by Fannie Mae, Freddie Mac, or Ginnie Mae?
A) About 25%
B) About 40%
C) About 60%
D) About 70%
Answer:
D) About 70%. Together, these three giants keep mortgage markets liquid and accessible nationwide.
Book Review Highlight⭐️⭐️⭐️⭐️⭐️
John & Mary Calhoun:
“Chris’s book is not only a succinct guide to building wealth, but all the principles can be applied to any goal you wish to achieve. This book is a clear roadmap to success. Follow it, and you can be anything you want to be.”
That’s The Schoolyard Millionaire: The Wheel of Life and Wealth.
Policy Corner: The Fair Tax ActWhere are we at?
In a nutshell:
Why it matters: This brings certainty and stability for property owners. No more being taxed on unrealized gains or arbitrary “fair market” guesses.
It’s a step toward economic sanity for Alaska homeowners.
Brain Myth BustedWe’ve all heard it: left-brained people are logical, right-brained people are creative. Sounds nice—but it’s not true.
Science shows both hemispheres are engaged in complex tasks. Creativity and logic work together. The myth persists because we love categories—it feels like a scientific horoscope. But the reality is: your whole brain is at work when you do anything worthwhile.
(Source: Encyclopaedia Britannica)
Prosperity Spotlight: The Pyramid PowerCharles Stengle’s The Pyramid Power of Prosperity reveals seven secrets to wealth:
Pair that with the Schoolyard Millionaire’s 7 principles: Health, Wealth, Prosperity, Travel & Adventure, Giving, Faith, and Who you have and become.
Epiphany of the WeekDriving through town, I noticed two men deep in conversation. It struck me—they love government.
Now, I don’t love it. I don’t hate it. I mistrust it. And that’s healthy. Our Founding Fathers felt the same. Government requires participants, but it also requires watchmen on the wall—those willing to call out overreach and injustice.
I’m not running for office. But I’ve realized this: those of us on the sidelines matter too. Observers play a vital role in the grand experiment of America. Don’t discount your voice.
Just for Laughs“My boss told me to have a good day… so I went home.”
“Why don’t skeletons ever fight each other? They don’t have the guts.”
“I’m great at multitasking—I can waste time, be unproductive, and procrastinate all at once.”
And a few groaners:
Until next time— remember: you really can make a million bucks in your own backyard.
Grab my new book HERE!
Hope you enjoy this short short story about a grandpa, his grandson and a cactus that points the way to TRUTH.
www.ILoveHomerAlaska.com
Steven Gist joins today to help you prepare for a mortgage before you apply!
What you need to know to succeed and get your best rates possible.
www.StevenGist.com
907.226.8815
You may know The Ultimate Gift — the heart-wrenching yet profoundly uplifting film starring James Garner, Brian Dennehy, and Abigail Breslin. But do you know the man behind the story?
Jim Stovall, the author of the bestselling book that inspired the movie, joins me once again for an unforgettable conversation. With more than 49 titles to his name and over 25 years as a syndicated columnist, Jim brings insight, heart, and perspective like no one else.
This marks his third appearance on the show, and each time we talk, it gets better. If you’ve missed our previous chats, dig into the archives — but don’t skip this one. It’s packed with wisdom, storytelling, and timeless life lessons.
In this episode:
– The Backyard Millionaire Creed — powerful promises that build lasting wealth
– Times Like These – what history teaches us about navigating real estate fear
– Jim Rohn’s wisdom: Why seasons of life are predictable (and how to prepare)
– The Surprising Millionaire Asset – it’s not what you think (Lachlan Brown via IdeaPod)
– The Midnight Line – a short story written in Carmel-by-the-Sea
– Real Trivia presented by AJ’s Old Town Steakhouse: Which U.S. city first required residential building permits?
(Text your name and answer to 907-299-7653 for a chance to win)
Want to build real wealth in your own backyard?
It starts with your next cup of coffee. This post breaks down how shopping local fuels your economy, supports your neighbors, and multiplies prosperity right in your hometown. Discover why a $20 bill spent nearby does more than buy things—it builds futures.
www.ILoveHomerAlaska.com
Mortgage Moment with Rhonda Johnson: Understanding Rates & Buying Smart
Join us for an insightful Mortgage Moment as Rhonda Johnson of Cornerstone Home Lending unpacks the latest from the recent FED meeting and its ripple effects on the housing market. Rhonda provides clarity on how FED decisions influence your mortgage rates—knowledge that can empower your next move.
With buyers back in action and competition heating up, learn why securing your 90% pre-approval letter is essential. Rhonda shares exactly what documents and details buyers should prepare to ensure a smooth and successful loan application process.
Plus, discover the growing trend of rate buy-downs. How often are homebuyers leveraging this option, and could it be the right move for your financing strategy?
Tune in to equip yourself with key insights from an expert to navigate today's vibrant real estate landscape confidently.
Connect with Rhonda at RhondaJohnson.net.
The Backyard Millionaire CreedPromise yourself…
✔ To invest in yourself.
✔ To trust your instincts.
✔ To never invest on emotion.
✔ To negotiate with a win-win mindset.
✔ To find a need and fill it.
✔ To persist until you win!
Because YES—you really can make a million bucks in your own backyard!
It was a pleasure to have Chris Miller in the studio recently to discuss his life and journey through food, all the way to the End of the Road in Homer Alaska.
I love talking to people who are passionate about what they do. Meet Chris Miller; chef and co-owner of the Kannery Grill in Homer Alaska.
www.ILoveHomerAlaska.com
In this episode of Backyard Millionaire Radio, we dive into the Backyard Millionaire Creed—a powerful promise to yourself that can lead to financial independence right where you are. From investing in yourself to negotiating with a win-win mindset, these principles will set you on the path to success.
The Backyard Millionaire CreedPromise yourself…
✅ To invest in yourself.
✅ To honor your instincts.
✅ To never invest based on emotion.
✅ To negotiate with a win/win mindset.
✅ To find a need and fill it.
✅ To persist until you win!
YOU really can make a million bucks in your own backyard!
Remembering CooperIt’s been over a year, but some memories never fade. Our King Charles Cavalier Spaniel, Cooper, was more than a pet—he was a part of our family. His presence, his spirit, his loyalty... it was like living with a little, hairy person for ten incredible years. Until we scatter his ashes, we hold onto the love and the lessons he left behind.
Breaking News: The American Dream is Alive and Well!Owning real estate isn’t just about buying a home—it’s about securing your financial future. The Four-Home Formula is a path to wealth that anyone can follow, even without starting capital.
Show Notes:
In this powerful episode of Backyard Millionaire Radio, we uncover timeless principles of wealth-building, local investment, and living with purpose. Get inspired, stay informed, and start building your future fortune today!
Resources & Links:
Closing Thought:
Your future fortune lies in your own backyard. Start small, dream big, and invest in yourself today!
www.ILoveHomerAlaska.com
Show Notes:
Tune in for practical tips, thought-provoking discussions, and strategies to create wealth where you are with what you’ve got!
In this episode of The Backyard Millionaire, Chris Story sits down with Rhonda Johnson, a seasoned mortgage broker with Cornerstone Home Lending, to answer your burning mortgage questions. Rhonda shares expert insights on:
Whether you’re a first-time buyer or a seasoned investor, this episode is packed with actionable advice to help you navigate the mortgage landscape with confidence.
Listen now and get one step closer to making your real estate dreams a reality!
www.ILoveHomerAlaska.com
December 26, 2024
Episode Highlights1. On Trend vs. Trendy
2. A Boxing Day Treat: The Millionaire Maker
3. Mind Bender
Sponsored by AJ’s Old Town Steakhouse & Tavern.
Question: Describe 2024 in three words. Call or text your answer to 907-299-7653!
4. Words of Wisdom
5. Millionaire Mindset: How to Build Wealth in Your Backyard
6. Finding the Deal of the Decade in 2025
Missed Our Talk with Kristen Faulkner?
Gold medal cyclist Kristen Faulkner shared her secrets to success. Catch it on the podcast page at ILoveHomerAlaska.com!
Link to the FAIR ACT: Click HERE
Tune In and Take the First Step Toward Your Millionaire Dream!
The Fair Act - Property Tax Reform
A Resolution to Reform Property Taxation on the Kenai Peninsula
WHEREAS, the current property tax system on the Kenai Peninsula is based on assessed property values, which often include unrealized gains due to market fluctuations, leading to a significant financial burden on property owners;
WHEREAS, this taxation system disproportionately impacts long-term property owners, retirees, and working families by taxing them on theoretical, unliquidated increases in property value rather than actual realized income;
WHEREAS, Proposition 13 in California has demonstrated the effectiveness of limiting property tax assessments and increases to provide stability and fairness to property owners;
WHEREAS, the Kenai Peninsula residents deserve a property tax system that is predictable, equitable, and reflective of their ability to pay;
THEREFORE, BE IT RESOLVED, that the Kenai Peninsula Borough adopts The Fair Act - Property Tax Reform, which includes the following provisions for residential and commercial properties located in the Kenai Peninsula Borough:
o Property tax assessments shall be based on the property's fair market value as of the 2018 tax year (the "Base Year").
o Newly purchased properties shall be assessed based on their purchase price.
o Annual increases in assessed value for taxation purposes shall be capped at 2% or the rate of inflation, whichever is lower, provided no significant improvements or changes in ownership occur. (or shall remain unchanged ..TBD)
o The property tax rate shall remain consistent at no more than 1% of the assessed value.
o Upon the sale or transfer of property, the assessment will reset to the purchase price of the property, establishing a new base year for the new owner.
o Transfers between family members (e.g., parent to child or grandparent to grandchild) may qualify for a reassessment exclusion to encourage generational property retention.
o Senior citizens and residents with disabilities shall be exempt from property taxes (primary residence), ensuring affordability for vulnerable populations.
o Note the existing exemption criteria for elders is “Individual Age 65 or Older or Surviving Spouse Age 60 or Older”.
o Property taxes shall not include or consider speculative increases in market value that have not been realized through sale or other liquidating events.
◦ If the market value drops below the assessed value, the property owner can request a reduction in the assessment and a commensurate reduction in Property taxes.
BE IT FURTHER RESOLVED, that the implementation of The Fair Act will ensure that property taxes are fair, predictable, and not punitive, fostering stability for residents and protecting the rights of property owners on the Kenai Peninsula.
BE IT FINALLY RESOLVED, that this resolution shall be submitted for approval by the voters of the Kenai Peninsula Borough during the next regular election, with the goal of enacting these reforms for the 2026 tax year.
What if you had to start from scratch? You had to start all over... what would you do?
Today...story's from when I was broke but not broken...and made a life changing decision!
Email me for a FREE Copy of my book: The Millionaire Maker - Six Practical Steps to Your First Four Homes!
Steve Veldstra is a master gardener and landscape artist.
In Homer Alaska Steve and his wife Stacey own and operate the Wagon Wheel, a beloved institution for more than 50 years.
Learn what it takes to grow the best grass you've ever seen. So green, you'll want to roll around like a 5 year old!
Fun conversation, hope you enjoy it and learn the secrets of GREAT GREEN GRASS!
Meet Darin Garman - Darin is an author with seven books on real estate investing published, a former bank owner and board of director member, an owner and asset manager of over $80M+ in Heartland Investment Real Estate and known as one of America’s top “Go To Guys” for all things multi-family
I found Darin in a book on Wealth by Dan Kennedy, himself the Godfather of all things successful.
YOU are going to love Darin and his story.
thanks for being part of our Backyard Millionaire community; be sure to follow and rate and review the show - and share with a friend who's interested in Real Estate investing and Living On Purpose!
Chris
GET my NEW BOOK - The Millionaire Maker ~ 6 Practical Steps to Your First Four Homes!~
Show Notes:
The Backyard Millionaire Creed:
Promise yourself to invest wisely, honor your instincts, and persist until you win. This creed is your foundation for building wealth and success.
Living in America:
We discuss the vital importance of housing in your financial future and the inevitability of real estate as a cornerstone of wealth.
The Millionaire Maker – 6 Steps to Your First Four Homes:
Five Things to Do Before You Sell:
Negotiation Mastery:
Learn the do’s and don’ts of high-level negotiations. From knowing when to walk away to ensuring mutual benefit, these strategies will help you seal the deal without losing your edge.
Weathering the Storm with Real Estate:
Discover the four-home formula—an everyman’s approach to building wealth and securing your community’s future. Remember, everything is negotiable, and with real estate, you can weather any market storm.
Alaskan Mind Bender, presented by AJ’s Old Town Steakhouse:
Question: How much did Walt Disney pay per acre for Disney World in Florida?
Text your answer to 299-7653 for a chance to win a night out at AJ’s!
Tune in to The Backyard Millionaire Radio and start building your financial future today!
This is my sister show: On Top of the World Radio - you'll love it!!
Show Notes:
Get my Thriller Novel: THE WATCHMANN - Set in Homer Alaska
For more inspiration, visit ILoveHomerAlaska.com
The Backyard Millionaire - How to Create Wealth Where You Are with What You've GotEpisode Date: August 1, 2024
Welcome to The Backyard Millionaire, where we believe in creating wealth right where you are with what you've got.
Tune in for insights and strategies to help you achieve financial freedom.
Segment: Living in America Explore the essence of the American dream and how it ties into building wealth locally.
Next Week: Join us as Ben Adams from 4T% Ranch discusses the challenges he's facing with property taxes in the Kenai Peninsula Borough and the urgent need for tax reform. It's time to take action—no more just talking!
Investors Don’t:
Long-Term Thinking:
Creating Wealth in Your Backyard:
Market Update:
Ask Chris:
Understanding As-Built Surveys:
Alaska Letters:
Closing Costs:
Tune in to gain valuable insights and take the next step towards becoming a Backyard Millionaire!
In this episode of The Backyard Millionaire, we explore the wisdom of Wayne Dyer and Mother Teresa to help navigate those tough days when it feels like the world is against you. Discover how your reactions define your experiences and why self-reflection is crucial when faced with adversity.
We also dive into the art of negotiation, drawing on years of professional experience and insights from legendary negotiator Herb Cohen. Learn why proximity can hinder your negotiation effectiveness and how a third-party perspective can lead to better outcomes. Whether you're negotiating a business deal or managing personal interactions, these strategies will help you achieve success. Tune in for practical advice and inspirational quotes to elevate your daily life and business endeavors.
Backyard Millionaire - How to Create Wealth Where You Are with What You've GotSegment 1: Inspiration
Segment 2: Consulting Offer
Segment 3: The Moment - Presented by AJ’s
Segment 4: Success Tips
"Expect the unexpected, my glorious good now comes to pass…"
— Florence Scovel Shinn
Dr. David Schwartz on FriendshipExplore Step 2 in the millionaire maker journey—building valuable relationships.
Deed RestrictionsUnderstand the impact of deed restrictions vs. CCRs and how they follow the land.
Earnest MoneyEverything you need to know: How much, when, who holds it, and who gets it.
Due Diligence and InspectionsWhy your loan might not require it, but you should. Learn about the inspection period, seller disclosures, and pre-sale inspections.
Rent Like You OwnDiscover why paying attention to your rental property can be a step towards ownership. Insights into learning the market and understanding property values.
Success SystemsWhy are some people more successful than others? Success isn’t a secret—it’s a system. Courage and endurance play key roles.
Investing in LandIs investing in land a good idea? Explore end goals, appreciation, and loan options. Get insights on cash flow and long-term costs.
Post-Election Real Estate OutlookWhat will happen after the election? Predictions on buying, selling, renting, interest rates, inflation, and the economy.
Tune in to dive deeper into these topics and more on Backyard Millionaire Radio!
"Uncovering the Deal of the Decade: Zero Down Loans and Renovation Riches!"Welcome to another exciting episode of The Backyard Millionaire! Today, we're unraveling the secrets behind landing the deal of the decade, exploring how you can jump into real estate investing with no money down, and leveraging renovation loans to boost your property's value.
Grab a copy of my books HERE!!
Can you judge a book by it's cover?
Chris and Tiffanie Story delve into the mindset of millionaires and what success looks like in real life, vs. the make believe of TV or Social!
www.ILoveHomerAlaska.com
Today's show:
Identify Lucrative Properties
Maximize Buying Power through Financing
Manage and Grow Investments
Navigate the Real Estate Market Confidently
Special Offer:
Segment: The Power of Generosity
Key Points:
Start with Small Acts of Kindness
Lead by Example
Experience the Joy of Giving
Incorporate Giving into Daily Life
My Island Read: "The Master Key to Riches" by Napoleon Hill
Core Concepts:
Define Your Major Purpose
Maintain a Positive Attitude
Take Persistent, Consistent Action
Segment: What Waiting Costs
Insight:
Real Estate Value Increase: 2008 home at $300K now worth $500K.
Missed Equity: Delaying purchases means lost equity.
Airplane Etiquette Tips
Tips:
Keep Shoes On
Avoid Strong-Smelling or Noisy Snacks
Proper Overhead Luggage Placement
Respect Carry-on Size Limits
Be Considerate of Seat Space
Prepare Activities for Kids
Be Kind to Flight Attendants
Be Courteous Boarding in First Class
Subscribe and Share:
Subscribe for updates.
Share with friends interested in real estate and financial growth.
Welcome to The Backyard Millionaire! Start your journey to financial independence by embracing our creed: invest in yourself, trust your instincts, and never invest emotionally. Aim for win-win negotiations, fill a market need, and persist until you win.
Alaska Airlines... Shame on YOU:
Earn 3 miles per dollar on rent with the Alaska Airlines Visa Signature® card, but beware—credit card debt in America is at an all-time high of $1.2 trillion. Interest rates average 24%, making these schemes dangerous if not managed wisely. Remember, the house always wins!
The Law of Leverage:
You can’t save your way to wealth, but you can invest wisely. Debt should be used cautiously. Paying rent with a credit card can lead to compounding debt. Always handle other people's money responsibly.
Inspiration from Arthur Ashe and Thomas Edison:
Arthur Ashe's legacy reminds us to start where we are, use what we have, and do what we can. Edison teaches that persistence is key to success. Don’t give up; always try one more time.
Bruce Lee and Thoreau on Goals:
Bruce Lee suggests that goals often serve as targets rather than endpoints. Thoreau advises us to build foundations under our dreams, making them achievable.
Case Study: Buying a Family Home:
If you’re considering buying a family home in need of repairs, start with a broker’s opinion of value, estimate repair costs, and possibly get an appraisal. Maintain fairness and seek third-party opinions to minimize risks.
What to Expect When Inspecting:
Hire a licensed inspector, get referrals, and be present during inspections. Review reports calmly and differentiate between must-fixes and wants. Revisit the property to assess issues in person.
Leverage X Effort = Gold:
Wealth-building requires effort and patience. It’s a slow process—crawl, walk, then run. Expert investors are cautious and deliberate, recognizing the value of time and strategic investment.
Millionaire Maker:
Check out "Millionaire Maker," now available in print and as an ebook on Amazon.
The Backyard Millionaire Creed
Invest in yourself, trust your instincts, and avoid emotional investing.
Negotiate with a win/win mentality, identify market needs, and plan for the future while living in the present.
Persist until you succeed!
Guest Interview: Amanda Miotke
Real estate inspiration and balancing career with motherhood.
Motivation and lessons from running the Boston Marathon.
The impact of personal goals on family life and advice for aspiring moms.
First-Time Homebuyer Primer
Locating a reliable realtor.
Assessing financial readiness.
Defining needs vs. wants.
Navigating the real estate market effectively.
Pity the Pessimist No More: Cultivating Optimism
Understanding learned optimism.
Practicing positive thinking.
Building resilience.
Enhancing overall well-being.
Real Estate: The Sacred Cow vs. The Sacrificial Sow
The enduring value of real estate compared to stocks.
Benefits of real estate ownership and long-term investment.
Mind Bender with AJ's Old Town Steakhouse
Chapter 6: Insights from "The Backyard Millionaire"
Audience Question: Residential vs. Commercial Investment
Initial focus on residential for simplicity and demand.
Exception for existing homeowners with a business renting commercial space.
Closing Thoughts
www.ILoveHomerAlaska.com
Welcome back to Backyard Millionaire Radio, where we delve into the world of real estate, investment strategies, and living the good life. In today's episode, we're exploring the Backyard Millionaire Creed and practical tips for leveraging your efforts into gold. Plus, we'll discuss how to navigate offers, decode mortgage rates, and spruce up your outdoor space for spring. Let's dive in!
The Backyard Millionaire Creed:
We kick things off with the Backyard Millionaire Creed, a mantra for success in both personal and professional endeavors. From investing in yourself to persisting until you win, these principles lay the foundation for building wealth and living abundantly.
Rent Like You Own:
Transitioning from renting to owning is a key milestone on the path to financial independence. By adopting an owner's mindset, paying attention to market trends, and investing in education, you can position yourself for future success in real estate.
Amidst discussions of wealth-building, we take a moment to share a personal update on Tallulah's recovery and the ongoing remodel of a rental property. From kitchen upgrades to landscaping, every improvement contributes to increasing the property's value and potential for future sale.
FAQs on Real Estate
Addressing common questions about the real estate market, we provide insights on appraisals, home improvements, and the rent vs. buy debate. By understanding your local market and evaluating your long-term goals, you can make informed decisions about homeownership and investment.
Leverage x Effort = GOLD:
Unlocking the power of leverage, we explore the difference between good debt and bad debt. By leveraging long-term mortgages secured by real estate, you can build wealth over time while offering value to others.
Exciting news about the upcoming release of the "Millionaire Maker" book, which offers practical steps to acquiring your first four homes. With a focus on actionable strategies and real-world examples, this book is poised to empower readers on their journey to financial freedom.
Navigating the negotiation process, we discuss the importance of considering not just the price, but also the terms of an offer. Plus, we debunk the myth of online mortgage rates and emphasize the value of working with a local broker for personalized guidance.
As spring blooms, we share tips for revitalizing your outdoor space. From cleaning and gardening to lighting and decor, these enhancements create a welcoming environment for relaxation and enjoyment.
That wraps up today's episode of Backyard Millionaire Radio. Remember, success in real estate and life is built on a foundation of education, persistence, and strategic action. Join us next time as we continue our journey to financial abundance and living the good life. Until then, keep investing in yourself and trusting your instincts. Cheers to your success!
Thank you for tuning in to Backyard Millionaire Radio. Be sure to subscribe for future episodes, and don't forget to leave us a review. Follow us on social media for more tips, updates, and exclusive content. Until next time, happy investing!
www.ILoveHomerAlaska.com
I watched a cool movie a couple months ago called The Ultimate Gift.
Staring James Garner and Abigail Breslin - two huge starts in their own right.
Turns out, the movie was based on a book by the same name by a guy called Jim Stovall.
Jim has written some 50 books and now has about 9 movies to his credit, in addition to building Narrative TV for the Blind. (1000 affiliates).
After watching many YouTube videos of Jim Stovall speaking and being interviewed, I had to reach out to him. Jim was gracious enough to grant an interview.
This podcast is that interview.
Thank you for listening, if you like this show please follow the Backyard Millionaire podcast - and if you're still with me after a couple shows, go ahead and leave a raving review and five star rating. :)
Chris Story
www.ILoveHomerAlaska.com
This is for my Alaska Realtor colleagues to better understand a post settlement world we will be navigating..
chris story
Here is a link to my bookstore: GET BOOKS HERE
There's an easter egg with special offer in the podcast...:)
Thanks for being part of our BYM community!
Chris
Good Day...wanted to take a few minutes and discuss my novel: The Watchmann ...a Jacob Mann Novel
This is a departure from my normal inspirational material and real estate related stuff. However, Jacob is a Real Estate Agent...so some cross over.
Check this solo-cast out and see what you think...then grab the book if you're moved to do so. More Jacob Mann adventures to follow...why not get in now on the ground floor?! :)
Here's a link to the book on Amazon: The Watchmann
Welcome to Backyard Millionaire Radio, where we ignite the flames of financial freedom and self-empowerment. Let's recite the Backyard Millionaire Creed together: Promise yourself to invest in yourself, trust your instincts, and never let emotions sway your decisions. Join us as we navigate the journey to prosperity with confidence and determination.
Now, let's address the common barriers that often hold us back from pursuing our dreams.
Where You Are with What You've Got:
Life's treasures are closer than you think. Despite the "big butts" in the room—those excuses that hold us back—your backyard holds the keys to purpose, wealth, and a wondrous life.
Brick and Mortar:
Start building something real right where you are. Whether it's a business idea or a real estate venture, focus on solving problems and exchanging value. Remember, your backyard is your canvas for wealth creation.
Your Inner Circle:
Guard your inner circle fiercely. Surround yourself with positivity and support, blocking out negativity and doubt. Your journey to becoming a Backyard Millionaire isn't just about acquiring wealth; it's about mastering yourself and shaping your own destiny.
You Have Nothing to Fear:
Fear of money is common, but it shouldn't hold you back. Learn to save, invest wisely, and embrace debt as a tool for discipline and growth. Terms matter more than price, and prudent decision-making is key to seizing opportunities.
One Step Forward, Twenty Years Back:
Reflect on the past to envision your future. The trajectory of real estate values over the years underscores the importance of taking action now rather than living with regrets later.
Should You Go Commercial?:
Start with what you know best—whether it's single-family homes or small multi-family units. Commercial real estate may come later; focus on building a solid foundation first.
Parting Words:
As Aldous Huxley said, idealism is the noble toga draped over the will to power. Stay focused on your goals, and happiness will follow. And remember, a real estate agent's children learn division at school and subdivision at home—a testament to the endless opportunities in the world of real estate.
Conclusion:
Thank you for tuning in to Backyard Millionaire Radio. Keep your mind on your aspirations, and watch as your backyard transforms into a playground of wealth and fulfillment. Until next time, persist until you win!
such a great little fable...I first heard from Wayne Dyer.
chris
www.ILoveHomerAlaska.com
wow...wow...wow...this is a jam packed full show.
So much good stuff today.... but truly, the Investors Guide to Regret Free Living is maybe my favorite segment.
YOU tell me.... AlaskaMattersRadio@gmail.com
thanks for listening, and sharing the show with someone you know!
Chris Story
www.ILoveHomerAlaska.com
Brian Tracey is one of my mentors I've never met. His books are legendary and his ideas success provoking!
enjoy these 7 steps to GREATNESS!
chris story
What's Luck got to do with it?
Everything....and Nothing at the same time.
Welcome to the Files of the Backyard Millionaire.
Today could be your lucky day... text the WORD: Millionaire to me @ 907.Two Nine Nine - 7653 and I'll mail you a free copy of my book...The Backyard Millionaire, How to Create Wealth, where you are with what you've got!
Chris Story
www.ILoveHomerAlaska.com
With a Few Simple tips you can speak to a crowd of 10 or 10,000.
From a Graduation speech to a memorial for a friend or loved one.
What you say and how you say it matters... these tips are what I use no matter how many times I've taken the microphone.
Talk on!
Chris Story
www.ILoveHomerAlaska.com
Welcome to Backyard Millionaire Radio, where we turn dreams into deeds and ambitions into action! I'm your host, Chris Story, and today's show is packed with the essence of the Backyard Millionaire Creed.
But first, let's shout it out loud together! Promise yourself to invest in yourself, trust your instincts, and never let emotions guide your investments. It's about negotiating with a win/win mindset, identifying market needs, and starting with the end in mind. Remember to live in the present, learning from the past without dwelling too long, and always looking forward.
Now, let's dive into the gold dust floating in the air—breathe it in and release the 'how' for now. One common barrier we all face is the belief that it's too late. But as Napoleon Hill wisely put it, if you have a desire, you have the ability to turn it into reality. Becoming a Backyard Millionaire isn't just about money; it's about the person you become in the process.
Picture this: cash flow, passive income, appreciating assets—sexier than a million dollars in the bank. And guess what? The dollar is losing value every day, but your land is gaining. You haven't missed the market; there's always a new opportunity with your name on it.
Now, let's assemble our news team and go tribal. "You are the average of the five people you spend the most time with," says Jim Rohn. Your investment tribe matters, including brokers, bankers, contractors, and more. It's about building a golden shovel to dig your fortune, not your grave.
Speaking of shovels, let me share a story about the four-home formula. Leverage your money wisely, like the guy who bought one condo in a down market versus his friend who bought five. The cash buyer made a tidy profit, but the leveraged investor, after tenants paid off mortgages, sold for a whopping 1.5 million.
Switching gears, let's talk about real estate marketing. Forget the cheesy pet pics—trust a realtor with experience and ethics. It's not just about catching your eye; it's about building a legacy with someone you can trust.
And now, the Great Rebellion. The fight is on—Blackrock, Statestreet, Vanguard want more renters, not owners. Don't let them win; invest in your community. America is an idea backed by land. If we sell off our backyard, we lose our seat at the table.
Are you feeling optimistic? It's a practice, like yoga or meditation. Someone's opinion of you is none of your business. Embrace the rebellion, hold onto your land, and become a Backyard Millionaire.
But before we wrap up, a quick alert: a new scam in town. Watch out for messages claiming to be long-lost children seeking the truth. Engage cautiously and don't fall for emotional traps.
In our Market Mastery segment, gain a fingertip feel for your market while working on your credit and down payment. Learn to save and earn more, so when you're ready to invest, you're ahead of the game.
And finally, let's improve your memory. Never forget a name again with the IRAN technique: Impression, Repetition, Association, and Never say never. This segment is brought to you by Story Real Estate at I Love Homer Alaska dot com, with nine licensees loving what they do for you since 2002.
Closing with a powerful word—abrogate, meaning to repeal or do away with what doesn't serve you. To thine own self be true.
Thanks for tuning in to Backyard Millionaire Radio. Remember, it's never too late for you to become a Backyard Millionaire. Until next time, breathe in the gold dust and make your dreams a reality. Stay prosperous!
"Cracking the Real Estate Code: Your Backyard Millionaire Blueprint"
Welcome back to the Backyard Millionaire Radio Show, your go-to source for unlocking the secrets of real estate success. In today's episode, we're unraveling the fascinating tale of why real estate can be your shield against inflation. Buckle up as we explore the strategies that turned the 2008/09 market correction into an opportunity for some and a pitfall for others.
The 2008/09 Market Correction*
Let's rewind to the not-so-distant past – the 2008/09 market correction. We uncover the untold stories of individuals who weathered the storm and those who got caught in the crossfire. It's not just about the economy; it's about strategy. Discover why over-leveraged players and speculators felt the burn while a select group emerged unscathed.
The Survivors and Thrivers*
Dive deep into the success stories of those who not only survived but thrived during the economic turmoil. Who were the victors? Buy-and-hold investors and cash-rich, credit-worthy buyers took center stage. Unearth the resilience in their strategies and learn how these lessons can shape your own journey in the real estate realm.
Time-Tested Wisdom for Real Estate*
Drawing parallels between the stock market and real estate, we uncover a timeless piece of advice: "Buy, hold, and ignore." Explore the rationale behind this counsel, understanding why daily market checks are mere noise. Discover how adopting a long-term perspective ensures a steady rise in property value over time, turning your investment into a wealth-building machine.
The Flipping Path Dilemma*
For those enticed by the allure of quick profits through flipping, a word of caution awaits. Timing the market perfectly every time is no small feat. Join us as we discuss the challenges and risks associated with the flipping path, providing you with a realistic perspective that might just reshape your investment strategy.
As we conclude this edition of the Backyard Millionaire Radio Show, the message is clear – real estate success lies in strategic thinking. The evidence suggests that a buy-and-hold mentality, coupled with a keen understanding of market cycles, is the key to unlocking your backyard millionaire potential. Join us next time as we continue to decode the mysteries of real estate, right here on the Backyard Millionaire Radio Show. Remember, it's not about timing the market; it's about time in the market.
Show Notes: The Backyard Millionaire Radio Show - 12/28/2023
Chris Story
www.ILoveHomerAlaska.com
Opening Segment: Morning Reflection
-I'm Ever Grateful for a moment of tranquility with a steaming mug of Captains Coffee.
Segment 1: Building Wealth on a Modest Income
Email discussion on building wealth with a minimum or modest wage.
Introduction to the Golden Shovel Principle: Leverage X Effort = Gold.
Emphasizes the importance of learning about investing before entering the market.
Encourages opening an "Investment Account" with a small deposit.
Advises adopting an investor mindset, even with limited resources.
Practical tips for renters to treat their homes as owners and engage with landlords.
Segment 2: What’s at the End of Your Rainbow?
Reference to Napoleon Hill's article, "Hills Golden Rule - 9/1921."
Reflection on Hill's life lessons about the pursuit of money and the pot of gold.
Highlights the importance of a holistic approach to life beyond monetary goals.
Reference to the song "Somewhere Over the Rainbow."
Segment 3: Maximizing Reading and Influence
Introduces Mortimer Adler's "How to Read a Book" formula: R2A2.
Transition to Dale Carnegie's principles on increasing influence.
Five key principles from "How to Win Friends and Influence People."
Segment 4: Wisdom from Benjamin Franklin
Quotes from Benjamin Franklin on growth, progress, education, and healthy habits.
Emphasizes the value of involvement and continuous learning.
Segment 5: Real Estate Insights from Robert Kiyosaki
Key principles from Robert Kiyosaki's "Rich Dad Poor Dad" on real estate:
Cash Flow is King.
Use Other People's Money (OPM).
Emphasizes business education.
Advocates for problem-solving in real estate.
Segment 6: Making an Offer
Three key aspects to increase offer acceptance chances: Shrinkage, Terms, and Price.
Advice on keeping time frames tight, simplifying terms, and presenting an attractive price.
YOU really can make a million bucks in your own backyard!
To own or to rent- this is the question
The American Dream-
Is NOT a home.
The American Dream is the right of home ownership.
Not to remain by decree a surf to a feudal lord.
You’ve got the freedom to own land. A home. A hundred homes if you want.
The BYM formula for wealth is 4 homes.
There’s a great deal of discussion these days about the future of real estate.
There’s an agenda out there that wants you to own nothing.
And be happy.
15 minute cities whereby you want for nothing beyond your block.
Sounds to me like- a cell block.
You and I don’t want for three meals and a cot.
You and I believe in the American
Og Mandino was crusader for GOOD in the world.
Here is his essay on YOU, the GREATEST MIRACLE in the World.
www.ILoveHomerAlaska.com
www.RhondaJohnson.net
Rhonda has been my personal mortgage broker for 22 years. She's been a partner of our broadcast efforts for 16 years.
Cornerstone Home Lending - Alaska Wide!
Rhonda Johnson - (907)252-5682
www.ILoveHomerAlaska.com/podcast
Quote: "Ninety percent of all millionaires become so through owning real estate." - Andrew Carnegie
Exciting news: New Cav. King Charles Spaniel puppy on the way named Tallulah, joining Reagan.
Event promotion: Nutcracker Faire on Sat. 2nd and Sun 3rd, featuring rare OTOW and BYM coins at the commons past the fish tanks. Order books online at ilovehomerAlaska.com/books.
Mortgage Moment with Rhonda Johnson from Cornerstone Home Lending at 907.252.5682.
Quote: "The best investment on earth is earth." - Louis Glickman
Clarification on REITS: Not the same as owning real estate; it's like investing in the stock market. When you own real estate, you're in control.
The BYM four home formula: Control your destiny and leave a legacy through real estate ownership.
Tips to overcome the down payment hurdle:
Create a budget: Identify and cut non-essential spending.
Automate savings: Set up automatic transfers to a dedicated down payment fund.
Side hustle or freelance work: Generate additional income specifically for the down payment.
Cut unnecessary expenses: Review living situation, negotiate bills, and explore cost-effective options.
Negotiation insights: Everything is negotiable; customary costs are guidelines. Sellers may pre-agree to pay certain costs, but everything is open for negotiation.
PSA for Alaska: Customary closing costs vary, and everything is negotiable. Title and brokerage fees explained.
- 2024 Trends:
Prices will climb somewhat, but the ascent will level.
Rates will decrease (pre-election FED action).
Homeowners will sell, buyers will buy, investors will invest.
Rents may increase by 3-5%.
Tenants leery of homeownership will remain so.
Backyard Millionaires continue seeking their next acquisition on the path to four investment properties.
Backyard Millionaires are on the lookout for their next investment, imagining what they would do.
Welcome to the Greatest Show on Earth... (according to my mom)
Today...just a quick chat about what success in Real Estate is for you. It's easy to get wrapped up into what we don't have, or won't be able to achieve. During this short episode I break down how I define success for me, and what you can do to help create peace of mind as you grow your wealth in your own backyard!
Thank you for following the Backyard Millionaire show ...and now is a great time to grab a copy of my book: The Backyard Millionaire ...How to Create Wealth Where you are with What you've Got!
Stick around....lot's more to come!
Chris Story
Backyard Millionaire Radio 11/24/2023 Show Notes
www.ILoveHomerAlaska.com
1: The Art of Talking
Introduction to the Curse of Knowledge and taking communication for granted.
ABC’s of Effective Communication: Always be curious, careful with words, complimentary with sincerity, and considerate by employing empathy.
Featured segment by Bonnie Rate on sparking interesting conversations.
2: How to INVEST – A Beginner’s Guide
Steps to becoming an investor: Define yourself, act like one, decide to invest.
WWAIT: What would an investor think? Steps to take, like getting business cards and learning the market.
Practical tips for opening an investment account and staying informed daily.
3: YOU INC
Emphasis on individual health during COVID and the importance of being aware of what's within your control.
Discussion on the USA's economic situation, debt, and the need for individual wealth and prosperity.
Highlighting the formula: Leverage X Effort = GOLD.
4: Play the Credit Game to WIN
Practical steps from AnnualCreditReport.com, such as checking your credit report and paying bills on time.
Tips for reducing credit card balances and establishing a mix of credit for a positive credit score.
The importance of a diverse credit mix and avoiding the closure of old accounts.
5: The ART of the Side Hustle
Encouragement to identify artistic strengths and passions for a potential side hustle.
Crafting a creative schedule and showcasing art on online platforms.
Financial empowerment for artists, managing records, and exploring collaborations and commissions.
6: World’s Greatest Cup of Coffee
Benefits of coffee, including increased alertness, mood enhancement, and reduced risk of certain diseases.
Recommendation for Captain’s Coffee and the positive aspects of caffeine.
7: Today – Start Today
Urging listeners to make positive changes today for a better life.
Encouragement to take steps towards a better life using Neil Diamond’s "Today."
8: Make it Matter and it Will
Encouragement to create significance in the present moment, wherever you are.
Promoting the idea that personal philosophy shapes one's future.
9: WHAT’S Your Personal Philosophy
3X3 philosophy: Poets, Philosophers, and Warriors.
Emphasis on looking forward, learning from the past, and living in the present.
The world's future depends on personal philosophy.
10: Millionaire Library
11: In the Pursuit of Success in America
A motivational speech on success, resilience, and perseverance.
The importance of leaving a positive impact and learning from diverse perspectives.
Closing: We Are the Champions
The final message that success is achievable with dedication, hard work, and a relentless pursuit of dreams.
Closing remarks on embracing the American spirit of opportunity, resilience, and innovation.
Backyard Millionaire:
Today, we unravel the mysteries behind earnest money and delve into the formula for excellence. Whether you're a seasoned real estate enthusiast or a curious first-time buyer, this episode is your guide to navigating the intricacies of the real estate world.
Ever wondered about the purpose of earnest money in real estate transactions? Join us as we explore the concept of earnest money as a form of liquidated damages. Discover how putting earnest money on the table signifies a good faith agreement and acts as a safeguard in the event of a buyer default. We break down the typical amount (usually 1% of the sales price) and discuss how contingencies play a crucial role in protecting these funds.
The real estate game is a fascinating one, and earnest money is a key player. Uncover the truth that until an offer reaches mutual acceptance, the playing field is open to anyone. Learn how earnest money doesn't secure a priority until both parties commit to the deal.
Earnest money is kept safe in brokers' trust accounts, ensuring transparency and security. Beware of brokers who defer earnest money to title companies, as this can lead to complications. We discuss the importance of the broker's role in determining the recipient of earnest money and the potential disputes that may arise, causing delays in the transaction.
Switching gears, we introduce the Formula for Excellence by ByM. Explore how leveraging your efforts can lead to golden opportunities. Whether it's through a loan or any other strategic move that increases your efforts, discover how the GOLD shovel can take various forms and ultimately result in rewarding outcomes.
Join us as we navigate the world of earnest money, mutual acceptance, and the alchemical equation for success. Whether you're in real estate or seeking the golden opportunities in life, this episode has something valuable for everyone. Tune in and uncover the secrets that turn transactions into triumphs!
I've been a proud Realtor for more than 20 years.
Now what's to become of NAR? I'll share my opinion with you here.
Plus...how can you invest to WIN in a HOT market? Some tips in today's show.
And...
is a 1031 Xchange Right for YOU? I'll give you the tools to determine for yourself.
A terrific show today...I think you'll agree.
chris story
www.ILoveHomerAlaska.com
www.ILoveHomerAlaska.com
YOU Really can Make a Million Bucks in your own Backyard!
chris story
OK...there really should be an entrance fee here. BUT...this podcast remains free.
Go to www.CaptainsCoffee.com and order the worlds BEST BEANS!
Enjoy the show today....I did this one just for YOU!
Chris
www.ILoveHomerAlaska.com
2020 .....NEVER Again.... we won't be fooled again!
Or...will we?
That's up to you!
Chris Story
www.ILoveHomerAlaska.com
What a terrific Show...even talk about the Importance of the Second Amendment.
Enjoy and share with a friend!
Chris
www.ILoveHomerAlaska.com
There's so much that is out of your control, and yet there is so much you can do about what happens.
YOU deserve to live an exceptional life.
Perhaps this will help point you in the right direction.
Listen to this show, and perhaps share with someone you care about.
Chris Story
www.ILoveHomerAlaska.com/books
Come on now...you know what I am gonna say!!!!
But listen in and see if you don't get an idea or two that might set your life on fire...towards the good life, the life you crave and a life you design for yourself.
Head towards the American Dream...right here in your own Backyard!
Share this show with a friend - maybe you can ignite more people like you right there, where you are!!
thanks for listening;
Chris
www.ILoveHomerAlaska.com/books
Look...this is the show you need to hear right now!
You deserve to become a millionaire, in your own backyard....and this episode could be the launch pad for the rest of your life.
DON'T just listen....take notes. Do the work and let's connect!
All my best on your Future Fortune!
Chris Story
www.ILoveHomerAlaska.com/books
Backyard Millionaire Radio 8/17/2023 - Show Notes
Unveiling the Secrets of Success in Life
The elusive secret to success is about to be revealed.
Success is not universally defined; it's a personal journey.
Rejecting the notion of participation trophies, real success is determined by personal ambition and action.
Success is the pursuit of your unique goals.
DAD - Define, Act, Decide:
The secret sauce of success: DAD - Define your goals, Act upon them, and Decide to pursue your dreams.
Lightning bolt moment: Realizing the power of taking action.
Overcoming Down Payments:
Down payments shouldn't deter you from achieving wealth.
The Backyard Millionaire motto: Invest your way to wealth.
Strategies for overcoming down payment hurdles: Save up, no-money-down deals, low-money-down deals, and syndicate partnerships.
Recommended reading: "Creating Wealth" by Robert G. Allen.
Personal success story: Investing in two properties within six months.
Living Like You're Selling:
Owning a property with the mindset of selling.
Tips for maintaining your property's value: Home inspection, timely resolutions, and preventive maintenance.
Ensuring your property is always ready for a potential sale.
Custom Metric for Investment Property:
Tailoring your investment property evaluation metric to your goals.
Balancing cash flow, future equity, and principle paydown by others.
The importance of understanding your "why" and aligning investment opportunities.
VRBO Etiquette and Solution:
Being a respectful guest in VRBO properties.
The responsibility of maintaining neighborhood harmony.
Personal experience: Addressing disruptive guests and humorously stepping in dog mess.
Mortgage Insights with Rhonda Johnson:
Understanding FHA loans vs. conventional loans.
Pros and cons of FHA loans for home purchases.
Current FHA loan requirements: credit score, income, debt-to-income ratio, and recent changes.
FHA loan application process, documentation, pre-approval, and closing timeframes.
Insights into FHA mortgage insurance and its impact on monthly payments.
Situations suitable for FHA loans and alternatives.
From Success Magazine: "No One Gets to Say Who You Are":
Steps to deep self-awareness by Nick Santonastasso.
Questioning beliefs, embracing emotions, shedding negativity, crafting your desired reality, and fostering courage.
A profound reminder of personal worth from a remarkable individual born with unique challenges.
: Embracing Your Journey to Success
Success is self-defined and achieved through persistent action.
Revisiting the DAD principle for achieving personal dreams.
Remembering that you are enough, no matter your circumstances.
Stay tuned for more insights and inspiration on the next episode of Backyard Millionaire Radio!
Backyard Millionaire Radio 8/17/2023 - Show Notes
Unveiling the Secrets of Success in Life
The elusive secret to success is about to be revealed.
Success is not universally defined; it's a personal journey.
Rejecting the notion of participation trophies, real success is determined by personal ambition and action.
Success is the pursuit of your unique goals.
DAD - Define, Act, Decide:
The secret sauce of success: DAD - Define your goals, Act upon them, and Decide to pursue your dreams.
Lightning bolt moment: Realizing the power of taking action.
Overcoming Down Payments:
Down payments shouldn't deter you from achieving wealth.
The Backyard Millionaire motto: Invest your way to wealth.
Strategies for overcoming down payment hurdles: Save up, no-money-down deals, low-money-down deals, and syndicate partnerships.
Recommended reading: "Creating Wealth" by Robert G. Allen.
Personal success story: Investing in two properties within six months.
Living Like You're Selling:
Owning a property with the mindset of selling.
Tips for maintaining your property's value: Home inspection, timely resolutions, and preventive maintenance.
Ensuring your property is always ready for a potential sale.
Custom Metric for Investment Property:
Tailoring your investment property evaluation metric to your goals.
Balancing cash flow, future equity, and principle paydown by others.
The importance of understanding your "why" and aligning investment opportunities.
VRBO Etiquette and Solution:
Being a respectful guest in VRBO properties.
The responsibility of maintaining neighborhood harmony.
Personal experience: Addressing disruptive guests and humorously stepping in dog mess.
Mortgage Insights with Rhonda Johnson:
Understanding FHA loans vs. conventional loans.
Pros and cons of FHA loans for home purchases.
Current FHA loan requirements: credit score, income, debt-to-income ratio, and recent changes.
FHA loan application process, documentation, pre-approval, and closing timeframes.
Insights into FHA mortgage insurance and its impact on monthly payments.
Situations suitable for FHA loans and alternatives.
From Success Magazine: "No One Gets to Say Who You Are":
Steps to deep self-awareness by Nick Santonastasso.
Questioning beliefs, embracing emotions, shedding negativity, crafting your desired reality, and fostering courage.
A profound reminder of personal worth from a remarkable individual born with unique challenges.
: Embracing Your Journey to Success
Success is self-defined and achieved through persistent action.
Revisiting the DAD principle for achieving personal dreams.
Remembering that you are enough, no matter your circumstances.
Stay tuned for more insights and inspiration on the next episode of Backyard Millionaire Radio!
Jeffery Archer was asked to write a 100 word short story in less than 24 hours for publication.
He did....and the story was excellent.
This got me to wondering if I could tackle a 100 word short story - ended up writing four - see what you think!
Let me know @ AlaskaMattersRadio@gmail.com
Chris
Today I share my experience with the FBI coming to see me because of my Podcast and what I said.
Plus...YOU are both the problem and the solution to the VRBO issues in your own backyard.
And....think it's too late for you to do _______? NO it's NOT...here's why.
Sit back and relax...let's connect.
Chris Story
www.ILoveHomerAlaska.com
Plus today you'll get to hear the first two chapters of my book, The Backyard Millionaire as narrated by Michael Dukes.
www.ILoveHomerAlaska.com
Today is a celebration of America as we approach the Fourth of JULY....and a celebration of Abundance and opportunity to FAIL!
I had a blast on the show today, hope you enjoy...and if you do,, share it with a friend or family member you want to hear these words of encouragement.
And...if you want to support the show, buy one or all of my books HERE!
All my best;
chris story
What a show...Really. Sometimes you just feel it...and that was today.
Sure..got the hay fever happening...but my mind is clear and today was a show of shows.
Enjoy...and share with a friend or family member you think could use it.
My goal is to help 2000 people become Backyard Millionaires in the next two years.
Thank you!!!
Chris Story
BUY the BOOK NOW and support the SHOW!
What an honor to have Robert G. Allen join me here on the Backyard Millionaire.
He's got a wealth of Knowledge on...WEALTH!
Enjoy!
Chris Story
Grab my Book, the Backyard Millionaire HERE.
YOU will really enjoy this conversation with Mark Halpin. A real estate investor and entrepreneur.
www.ILoveHomerAlaska.com/books
chris story
What a fabulous show! YOU will enjoy every minute of this episode of the Backyard Millionaire.
Visit my site: www.ILoveHomerAlaska.com/books - order a copy of my book ~ The Backyard Millionaire - How to Create Wealth, where you are, with what you've got!
Chris
Today...we breakdown the INSIDE lingo of the Mortgage World!
Plus strategies for becoming the BEST YOU possible.
Thanks for listening...and sharing this show with a friend or family member who you think could use this message in their life.
All my best;
Chris Story
What a great show....one of the best yet!
YOU really can make a million bucks in your own backyard!
Chris Story
Today's show is FIRE!! (as the kids say)
Trust me...but verify by listening for yourself.
chris story
YOU will love this short story about a kitchen appliance that you likely have - use and love.
Born of Failure
Chris
Today...while sitting in my rocking chair, I thought about what to say to you today.
Here in this podcast is the result of that thinking time.
May this find you well, and ready to take the next step towards your best life!
Chris Story
907.299.7653
Today's show was on FIRE!
Miss a Minute...YOU could miss a million.
chris
www.ILoveHomerAlaska.com
YOU were born to Live on Purpose and with a Purpose!
YOU Really Can Make a million bucks in your own Backyard!
Chris
www.ILoveHomerAlaska.com/Books
The Backyard Millionaire Radio hour...with chris story
Today...
Guests Tiffanie Story and Rhonda Johnson
Decide to become a Backyard Millionaire, and you're on your way to the Top!
Chris
www.ILoveHomerAlaska.com/podcasts
Tiffanie Story joined me today to discuss making decisions from a conscious place...Debt and Doubts!
Chris
www.ILoveHomerAlaska.com
Who knows...maybe I'm wrong on this.
To weigh in on the subject, my wife and business partner Tiffanie Story joins me on the radio show today...here's our conversation.
...btw....
my new Jacob Mann thriller is coming out in July ....grab the short story that started it all: The Making of Mann
REAL Estate news you can use...plus a REAL path to LASTING WEALTH!
Today:
YOUR Million Dollar WORD
Why the Economy Doesn't Matter
How YOUR Home Can Become an ASSET 4 U
This is a life changing RADIO Show....thank you for tuning in...and sharing this show with someone you LOVE (or dislike).
Chris Story
www.ILoveHomerAlaska.com
Today on the Backyard Millionaire....
YOU will learn how to manage your credit with simple steps.
Plus Real Estate Headlines...
and How to manage your rental like a pro!
www.ILoveHomerAlaska.com
If you want to ask a question: Email me anytime at AlaskaMattersRadio@Gmail.com
Grab my BOOK...The Backyard Millionaire HERE
From the Files of the Backyard Millionaire - Can you Save YOUR Way to a Fortune?
Investing in Real Estate is an art... here at Backyard Millionaire, we explore the ART and Science of Investing.
Chris Story
Hello from Homer Alaska!
What a thrill to be on this journey with you. Becoming a Backyard Millionaire is so much more than just a Million Dollar Net Worth!
A whole life..is the GOOD Life.
On this episode, you'll hear actual tips on investing, getting a mortgage and living a Healthy Long Life.
Thank you for being here...stick around, we're just getting started.
Send me a message anytime from my website: www.ILoveHomerAlaska.com
Also, you can grab a copy of my book there as well: GET the BACKyard Millionaire BOOK HERE.
Until next time, I'm Chris Story wishing you Health, Wealth and Prosperity!
c
WELL...is the American Dream Alive and Well? or is it DEAD?
A provocative question and hopefully a thought provoking answer provided here in this episode of Millionaire Minute.
Would love to hear from you; email me at AlaskaMattersRadio@gmail.com
All my best;
chris story
www.ILoveHomerAlaska.com
Plus....Lewis Schiff on Suze Orman's not practicing what she preaches...
We answer the Question: Can you SAVE your way to WEALTH?
Also...Can REAL ESTATE be a FEEL GOOD Business too?
Come on in...the water is warm!
YOU Really CAN make a Million Bucks in your own BACKYARD.
Chris Story
https://www.ilovehomerak.com/books
Steven Wright is one of my favorite Philosophers. Oh I know he's a comedian by trade...but he's a deep thinker!
Here's a riff on one of his quotes, that might make you change your thinking or affirm what you already know.
Chris Story
GRAB my BOOK HERE
Plus we had a great conversation with Rhonda Johnson...some killer music and a lot of fun.
Thanks for tuning in...you can expect many more (maybe a million more) shows just like this to come...stay Tuned!
We're JUST Getting STARTED.
Chris Story
Grab a Copy of my Book NOW....consider it REQUIRED READING :)
What's your Morning Routine...?
We all want to know how the rich and famous spend their morning...like if we adopt their habits, we might enjoy their success.
WRONG!
YOUR morning Routine is for YOU...not them! And visa versa.
Own your morning, make your routine fit you like a glove...and leave your own personal fingerprint on the world. (wait..if you've got on a glove you, oh forget it)
Tune into the Backyard Millionaire Radio show each week...and millionaire minutes daily.
Miss a Minute...YOU could Miss a Million!!
Chris
YOU Really Can Make a Millionaire Bucks in YOUR Own Backyard!
Adopt a Millionaire MINDSET before you ever have the money.
HOW do YOU Measure your Return on Investment? Make it Personal!
WAIT WAIT don't SELL ME...Until you know_______.
and HOW to develop a Millionaire Library!
Chris Story
Welcome to the Top of the World...I'm Chris Story in Homer Alaska
So happy to have you along for this ride. Today...I will share with you the first of six steps to your first four homes.
This is a guide that accompanies the book: the Backyard Millionaire
Stay Tuned for the next 5 steps!
All my Best:
Chris Story
Good Day!
What a thrill to be with you on this journey. Wherever you're headed, I'm grateful to be here with you.
This episode you'll hear a short story of suffering, and how to overcome.
Also...what it really means when you hear NO.
If you've not yet read my book, the Backyard Millionaire, grab a copy here as an e-Book, or Hardcover, or Paperback, or enjoy as an Audible book (Read by my incredibly talented friend Michael Dukes)
Thank you for listening, please share this show with a friend....and consider leaving a 5* rating and a short review. It's how you can help me spread the Backyard Millionaire message.
No matter where you are or what you've got, you really can make a Million Bucks in your own Backyard!
Chris Story
907.299.7653
Email me @: AlaskaMattersRadio@gmail.com
This is the Show about YOU your HOME and Your MONEY!
How can you win in any market...anytime and anywhere?
This episode of Millionaire will explain in simple terms. The truth is always simple.
If you like this show, please share with a friend or family member. Also, grab a copy or three of my book. My goal is help 1000 people become Backyard Millionaires. I know I can't do that alone.
Thank you for tuning in.
Here's to your heath, wealth and prosperity!
Chris Story
www.ILoveHomerAlaska.com
Is it too late for you to get started as a real estate investor? (spoiler alert)
NO.
What do you need to know?
In this episode I'll share some tips with you on becoming a real estate investor..and what YOU need to know.
Grab a copy of my book the Backyard Millionaire here.
Email me at AlaskaMattersRadio@gmail.com
or send me a letter at:
Story Productions
1005 Carriage Court
Homer Alaska 99603
D&D...? What?
Just give it a listen...I promise it'll make sense.
When it Comes to Wealth-Care, this is the show for you. My goal is to help 1,000 people gain Backyard Millionaire Status by 08/2024....this is a Billion Dollar Goal.
If this show inspires you in any way, or you think it might be helpful for someone you know, share it with them. I would sincerely appreciate that.
Also...Grab a copy of my Book: The Backyard Millionaire
Thank you for being on this journey with me. I look forward to many more episodes to come. Stay Tuned...we are just getting started!
All my Best;
Chris Story
Want to GET RICH QUICK?
Sorry...wrong podcast. The philosophy of the Backyard Millionaire is about building your wealth over time. On a solid rock foundation that can withstand the economic storms straight ahead.
Part of becoming a Backyard Millionaire involves using debt...mortgages specifically. What we call GOOD DEBT!
In this episode...I break down the difference between GOOD Debt vs. BAD Debt in less than 10 minutes.
Share this episode with anyone you care about. With rising consumer prices and a diminishing dollar....I'm worried many of us will rely on charge cards to sustain a lifestyle that wont be sustainable. Now is the time to be smarter than ever with our money, time and GOOD DEBT!
This is the TIME for you to take control of your life where you are, with what you've got!
Wishing you all my best;
Chris Story
( Get a copy of my book HERE )
Napoleon Hill outlined 6 basic fears we all face...on our journey to success. Let's explore them one by one.
Trust me...we all face these same six fears no matter who you are or where you've been.
Getting the homes...or the money or the relationship is one thing...making meaning along the way requires diligence and some effort. Conquering these fears will speed up the ride to the Top of the World!
All my Best!
Chris
Can Success in Real Estate be EASY?
Can you Succeed and still live the Good Life?
YOU will have to listen to hear my answer to these questions.
Also, what is one book that might change your entire life? I'll share the one that changed mine...and challenge you to find a copy of it.
Real Estate is my magnificent obsession - and helping you find financial FREEDOM through real estate is a HUGE part of that OBSESSION!
Thank you for FOLLOWING the Backyard Millionaire Podcast and sharing with anyone you think could use this formula in their life.
Grab a copy of my book The Backyard Millionaire HERE
All my best;
Chris Story
The Golden Shovel is a symbol of EFFORT and LEVERAGE and REWARD
I love sharing the story of Acres of Diamonds.
Give this is a listen.
Stay tuned...much more to come here on the Backyard Millionaire
Grab a copy of my book for an inspiring story and how to: The Backyard Millionaire - How to Create Wealth Where you are with What You've Got!
Until we meet again, wishing you all my best!
Chris Story
Welcome to the Backyard Millionaire podcast.
In this episode, I share a TRUE STORY of how I took $10,000 and turned it into nearly a quarter million.
PLUS how my stock broker got it WRONG!
Get my book, The Backyard Millionaire HERE!
YOU Really Can Make a Million Bucks in your own Backyard!
Chris Story