Summary:

In this episode, I dive into the top budgeting apps of 2025 to help you find your perfect money partner. Whether you're all about spreadsheets or want your budget on autopilot, there’s something here for you. Here's the quick breakdown:

YNAB (You Need a Budget)

Best for intentional budgeters who love giving every dollar a job. Great for planning and breaking the paycheck-to-paycheck cycle.

💰 Cost: $99/year

⚠️ Steeper learning curve

Monarch Money

Designed for couples and families who want a full financial dashboard, including net worth and investments.

💰 Cost: $99/year

⚠️ No free version

Copilot

iOS-first app with sleek design and smart AI categorization. Perfect for Apple lovers.

💰 Cost: $95/year

⚠️ iOS only

Rocket Money

Ideal for busy users—helps cancel unused subscriptions and lower bills.

💰 Freemium with optional paid services

⚠️ Limited goal-setting tools

Goodbudget

Envelope-style budgeting for folks who like structure and manual control.

💰 Free and paid options

⚠️ Manual entry required

I also mention Mint’s shutdown in 2024, and how Monarch and Copilot have stepped in as strong replacements.

My advice? Pick the app you’ll actually use. Experiment with free trials and see what clicks.

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Summary:

In this episode, I break down the essentials of emergency funds—what they are, why they matter, and how to build one without stress.

Key Takeaways:

An emergency fund is your financial safety net for unexpected expenses like car repairs, medical bills, or job loss.
Aim to save 3–6 months of essential expenses (rent, groceries, insurance, etc.).
If you're just starting out, a $500–$1,000 starter fund is a solid first goal.
Keep the fund in a high-yield savings account—safe, accessible, and earning a bit of interest.
Grow your fund faster by automating savings, using windfalls, cutting non-essentials short-term, and selling unused items.

Remember, it’s not about hitting a huge number overnight—it’s about building financial peace of mind, one small step at a time.

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Summary:

In this episode, I share 10 practical hacks to help you save money when you're on a tight budget.

Track Every Dollar – Use budgeting apps or a spreadsheet to know exactly where your money goes.
Meal Plan Like a Pro – Cook at home and use leftovers to cut down on food costs.
The 24-Hour Rule – Wait a day before buying non-essentials to avoid impulse purchases.
Cut the Subscriptions – Cancel services you don’t use regularly to save money monthly.
Shop with a List—and Stick to It – Avoid impulse grocery buys by planning ahead.
Use Cash for Discretionary Spending – Try the envelope method to stay within budget.
Embrace the Secondhand Life – Buy used items from thrift stores or online marketplaces.
Cancel Auto-Renewals – Set reminders to review and cancel unwanted renewals or free trials.
Negotiate Your Bills – Call providers to ask for discounts or better deals.
Make Saving Automatic – Set up a small automatic transfer to a savings account regularly.

If this episode helped, subscribe and share it with a friend. Thank you!

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Summary:

In this episode of Personal Finance Cat, we explore the popular and beginner-friendly 50/30/20 budgeting rule, a simple framework for managing your money without stress or spreadsheets. Originating from Elizabeth Warren’s book All Your Worth, the method divides your after-tax income into three categories: 50% for Needs (essentials like rent, groceries, and insurance), 30% for Wants (non-essentials like dining out and entertainment), and 20% for Savings and Debt Repayment (retirement, emergency funds, and paying off extra debt).

I explain how to apply this rule using a $4,000 monthly income as an example, showing how it breaks down into $2,000 for needs, $1,200 for wants, and $800 for savings and debt. You are encouraged to track your own spending and plug your numbers into this model for insight.

Final takeaway: While the 50/30/20 rule is a great starting point, personal finance should be tailored to individual goals. The key is spending with intention.

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Summary:

This episode offers a practical guide for millennials looking to build wealth through investing. Here are some key points to consider:

Understand the Basics of Investing

Before we dive in, it’s important that we understand the fundamentals. Investing means putting our money into assets like stocks, bonds, or real estate with the goal of growing our wealth over time. We should also get familiar with key concepts like diversification, asset allocation, and risk tolerance to make informed decisions.

Set Clear Financial Goals

We need to define what we’re investing for. Whether it’s a home, retirement, or a big life event, setting clear goals helps us choose the right investment strategy. Typically, short-term goals call for safer investments, while long-term goals can take on more risk for greater potential returns.

Start Early, No Matter How Small

Time is our biggest advantage. Even if we can only invest $50 a month, starting early allows our money to grow significantly thanks to compound interest. We should consider opening a brokerage or retirement account and set up automatic contributions to stay consistent.

Educate Ourselves on Investment Options

We have several investment paths to explore:

Stocks offer potential for long-term growth
Bonds provide more stability and fixed income
Mutual funds & ETFs give us diversification with less effort
Real estate can be a solid option for those interested in property
Keep an Eye on Fees

We should be mindful of investment fees, as they can quietly reduce our returns over time. Looking for low-cost index funds or ETFs and comparing platforms will help us minimize expenses and stay aligned with our financial goals.

Stay Informed and Adjust Our Strategy

Since life and the market are always changing, we should stay informed and revisit our investment strategy regularly—at least once a year. Adjusting based on new goals or circumstances keeps us on the right track.

Avoid Emotional Decisions

It’s easy to react emotionally during market dips, but we need to remember that investing is a long-term journey. By sticking to our plan and avoiding panic, we’re more likely to reach our financial goals.

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Summary:

In this episode, I discuss how parents can set up an IRA for their children to give them a significant financial head start. While IRAs are typically seen as tools for adults, kids with earned income are eligible to contribute, making it possible to benefit from decades of compounding growth. A Roth IRA is usually the best choice for kids because contributions are taxed upfront—ideal since children typically have little to no tax liability.

Parents can open a Custodial Roth IRA on behalf of their child using their Social Security Number and by choosing a brokerage like Fidelity or Vanguard. Eligible earned income includes jobs like babysitting, lawn mowing, or working in a family business—with proper documentation.

In 2025, kids can contribute up to $7,000 or the total amount of their earned income, whichever is less. Contributions don’t need to come directly from the child—relatives can match the amount earned. Once funded, it's best to invest in long-term growth options like index funds or blue-chip stocks.

By starting early, even modest contributions can grow into substantial savings by retirement. This strategy not only builds wealth but teaches kids lifelong financial skills.

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In this episode, I dive into the key differences between retirement accounts—401(k), Roth IRA, and Traditional IRA—to help you create a tax-efficient plan for the future.

I start with a story about two friends, James and Robert, who earned the same income but chose different retirement paths. James used a 401(k), deferring taxes now but paying them in retirement. Robert chose a Roth IRA, paying taxes upfront so he could enjoy tax-free withdrawals later. Fast forward 30 years—they both have $1 million, but Robert walks away with more after taxes.

I explain why a 401(k) is appealing: pre-tax contributions, employer matches, and higher contribution limits. But I also cover the downsides—like taxable withdrawals and required minimum distributions (RMDs). Then I talk about Roth IRAs, which offer tax-free income in retirement, no RMDs, and more investment choices—though they do come with income and contribution limits.

I also walk you through the difference between Traditional and Roth IRAs, and how converting a Traditional IRA to a Roth—when done right—can be a smart tax move.

Bottom line: if you want both tax savings now and flexibility later, consider using a mix of retirement accounts. Your future self will thank you.

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In this episode, I explore the key question for any future retire: how much do you need to retire comfortably?

Key Takeaways:

The Reality of Retirement Savings: A couple, Lisa and John, thought they had enough savings ($1M), but they underestimated inflation, healthcare costs, and lifestyle changes. By age 75, they were worried about running out of money.
The 4% Rule: A common rule suggests withdrawing 4% of savings annually to last 30 years (e.g., $80K/year requires $2M in savings). However, experts warn that market downturns and inflation require flexibility.
Three Key Factors to Consider:
Lifestyle: Travel, location, and family proximity impact financial needs.
Healthcare Costs: A couple may spend $300K+ in retirement, making insurance and HSAs important.
Income Sources: Social Security (~$1,800/month) helps but isn’t enough; rental income and part-time work provide stability.
Smart Retirement Planning: Mike, another retiree, built multiple income streams (downsizing, dividends, consulting) instead of relying solely on savings.

Action Steps:

✔ Use the 4% rule as a guideline but stay flexible.

✔ Account for inflation, healthcare, and lifestyle changes.

✔ Diversify income with investments, rental income, or part-time work.

✔ Start planning early to maximize security.

For more insights, the next episode will cover 401(k) vs. Roth IRA: Which Retirement Plan Is Best for You?

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In this episode, I try to offer my slightly alternative (and hopefully refreshing) take on tariffs, blending my economics background with the insights from some of the smartest thinkers of our time.

I discuss key measures enacted by President Trump regarding tariffs, including a 25% tariff on imports from Canada and Mexico—with a special 10% rate on Canadian energy products—a 10% tariff on Chinese goods that led to retaliatory tariffs, and a 25% duty on steel and aluminum along with a new reciprocal tariff system.

While these policies aim to protect domestic industries and create jobs, they may result in higher prices for consumers. David Ricardo’s theory of comparative advantage explains how protectionism can distort market efficiency.

However, insights from figures like Peter Thiel and Naval Ravikant take this tariff issue one layer deeper, inspiring me to rethink whether the traditional Ricardian dogma is still applicable in this day and age.

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In this episode, I discuss the 6 key steps to creating a $20 million (or whatever your number may be) net worth. It requires mindset, strategy, and execution.

1. The Wealth Mindset

Think long-term (10–30 years ahead).
Set clear goals and embrace calculated risks.
Identify your personal motivation (financial freedom, legacy, giving back).

2. Establishing Income Streams

Multiple income streams are key—millionaires average seven.
Options include real estate, stocks, business ownership, and passive income (royalties, dividends).
Scalable online businesses or digital assets can accelerate wealth accumulation.

3. Strategic Investing

Build a diverse portfolio with stocks, real estate, private equity, tax liens etc.
Balance high-risk, high-reward investments with stable, income-generating assets.
Educate yourself on every investment to avoid costly mistakes.

4. Smart Debt and Leveraging Assets

Debt can be a tool for growth (e.g., mortgages for real estate, business loans).
Ensure investment returns outweigh the cost of borrowed money.

5. Tax Strategy and Wealth Preservation

Use tax-efficient investments (Roth IRAs, real estate depreciation, tax-loss harvesting).
Work with financial planners and tax advisors to maximize savings.

6. Long-Term Planning and Legacy

Plan for wealth beyond yourself—trusts, charitable giving, and endowments.
Wealth-building is about creating opportunities and impact.

By following these six steps with discipline and persistence, you can build significant wealth over time. Keep learning, investing, and growing!

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Summary:

In this episode, I discuss the rise of the NEET generation—young people aged 15 to 34 who are Not in Education, Employment, or Training. I first learned about the term on the All In Podcast, but I’ve seen it around me with friends and relatives. This disengagement affects individuals financially, emotionally, and mentally, while also harming the economy and social stability.

Economic factors like automation, globalization, and the rising cost of education play a big role. Many jobs that used to employ young people without degrees are gone, and even those with degrees often struggle to find meaningful work. Social media and changing work values also contribute, creating a culture of comparison and paralysis around career choices. Mental health challenges like anxiety and depression make it even harder for many to break free from the NEET cycle.

To address this, we need better access to education, meaningful entry-level jobs, and mental health support. Shifting societal attitudes and encouraging community and/or religion-based support can also make a big difference.

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✔️Summary:

In this episode, I interviewed Tanya Taylor, a financial coach, who focuses on helping individuals and corporate employees enhance financial literacy and achieve stability. Through her personal coaching program, she empowers clients to build financial confidence, starting with mindset work. Tanya guides clients in areas like budgeting, credit repair, investing, and retirement planning. In the corporate space, she conducts financial literacy workshops to address gaps where employees often underutilize company-offered financial programs due to accessibility challenges.

Tanya’s financial journey began early when she immigrated to the U.S. and learned to budget with limited resources. Her disciplined approach led to corporate success and strategic investments in real estate and the stock market. Setting clear goals, such as accumulating a $1M retirement portfolio by age 45, she consistently worked towards financial independence.

A life-changing car accident prompted Tanya to transition from corporate employment to full-time entrepreneurship. This experience underscored the importance of risk management, particularly supplemental disability insurance, which she now advocates strongly. Tanya emphasizes having multiple income streams, advising clients to explore opportunities like side businesses or real estate to mitigate financial risks.

She is the author of Broke to Wealth, a guide designed to help readers build financial literacy and wealth through practical steps like mindset shifts, budgeting, and investment strategies. Tanya encourages young people to focus on budgeting, paying themselves first, and consistently investing, even with limited resources.

Tanya believes financial education should start early to break cycles of ignorance and empower future generations. She highlights the importance of realistic financial planning, leveraging available resources, and taking calculated risks to build wealth. Her mission is to demystify finances and make wealth-building accessible to diverse audiences. Tanya shares her advice and resources through her website, GrowYourWealth10x.com, and social media platforms, where she continues to inspire individuals to achieve financial success.

⭐️About Tanya:

Tanya Taylor is a financial coach and educator whose journey from arriving in America at 16 years old to building a career with Fortune 500 companies embodies resilience and empowerment. With over 20 years of expertise, Tanya has dedicated her life to equipping individuals and businesses with practical financial knowledge to escape paycheck-to-paycheck living and achieve financial freedom. Creator of Grow Your Wealth, she specializes in budgeting, credit, debt management, investing, retirement strategies, and tax planning. Tanya’s experiences, including overcoming personal setbacks, fuel her mission to help others build wealth and navigate life’s financial challenges with confidence and purpose.

💜Where to find Tanya:

► Website: https://growyourwealth10x.com/

► Linkedin: https://www.linkedin.com/in/tanya-taylor-cpa-mba-growyourwealth/

☞ Tanya’s Book Recommendation:

► “Think and Grow Rich” by Napoleon Hill

► “Millionaire Next Door” by Thomas J. Stanley and William D. Danko

► “I Will Teach You to be Rich” by Ramit Sethi

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✔️Summary:

In this episode, Ryan Zabrowski shares insights into his investment philosophy, shaped by years of experience and a desire to create a timeless guide to financial success. His book, Time Ahead: An Investor’s Guide to Prosperity and Impact, focuses on achieving financial growth through sustainable strategies while making a lasting societal impact. Inspired by mentors like Warren Buffett and Charlie Munger, Ryan emphasizes value investing, competitive advantages, and avoiding industries hindered by technological disruption.

Ryan critiques traditional finance literature for rehashing old ideas, striving instead to present fresh perspectives. His approach combines analyzing operating environments, assessing risk beyond volatility, and leveraging opportunities in industries with strong growth potential, like technology and AI. He underscores the importance of understanding what not to own, noting that avoiding value traps can be as impactful as choosing the right investments.

AI and automation are pivotal themes for Ryan, who is optimistic about their potential to reduce work hours and increase productivity. He predicts societal shifts toward shorter workweeks and emphasizes the importance of avoiding industries negatively impacted by automation. Ryan highlights AI's transformative role in healthcare, longevity, and efficiency, with examples of AI-driven medical advancements and robotics reshaping daily life.

Ryan also discusses practical investment strategies, including tax-loss harvesting and aligning portfolios with one’s values. He advocates for combining active and passive approaches, leveraging algorithms to manage risk dynamically, and focusing on high-margin businesses with durable competitive advantages.

Lastly, Ryan reflects on the broader impacts of capitalism, urging investors to think critically about long-term trends. His philosophy is rooted in disciplined decision-making, continuous learning, and a forward-looking mindset to adapt to the ever-changing landscape of business and technology.

⭐️About Ryan:

Ryan Zabrowski is a seasoned investment professional with decades of experience, known for his disciplined strategies inspired by Warren Buffett, Benjamin Graham, and Nobel Laureates. Having read 1,000 books on investing, Ryan recently authored the 500-page Time Ahead to share his expertise. As a CERTIFIED FINANCIAL PLANNER® (CFP®) with advanced finance degrees, he has held roles at institutions like Washington University Endowment and Morgan Stanley. Outside his work with clients nationwide, Ryan values family life with his wife and daughters and supports impactful charities.

💜 Book Recommendations:

► Pioneering Portfolio Management by David F. Swensen

► Fooled by Randomness by Nassim Nicholas Taleb

► The Intelligent Investor by Benjamin Graham

► Berkshire Hathaway Inc. Shareholders Letters: https://www.berkshirehathaway.com/letters/letters.html

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Summary:

In a recent CNBC interview, hedge fund manager Paul Tudor Jones emphasized that “All Roads Lead to Inflation,” predicting a prolonged inflationary period. Jones, known for accurately forecasting the 1987 market crash, highlighted that regardless of who ended up winning the U.S. presidency, significant fiscal changes—such as higher taxes and/or reduced spending—are inevitable. However, even these actions won't cover the extensive federal obligations, including debt interest, leading the Federal Reserve to print more money, further fueling inflation.

Jones argues that, to address this economic landscape, the Fed should keep nominal interest rates below inflation rates and ensure economic growth outpaces inflation. Lower interest rates make borrowing cheaper, reducing debt burdens and promoting investment. Concurrently, higher growth relative to inflation would increase overall wealth and help offset rising living costs.

For investors, Jones recommends assets that hedge against inflation, like gold, commodities, and Bitcoin. He notes that these assets retain value as currency purchasing power declines. Bitcoin, in particular, stands out due to its fixed supply (capped at 21 million coins) and decentralized nature, which protect it from governmental or institutional interference. Unlike gold, Bitcoin is portable and easily transferable, aligning with the needs of a digital generation.

Additionally, Bitcoin's growing institutional adoption, with companies like Tesla and Square adding it to their balance sheets, strengthens its long-term appeal. Despite the risks of market volatility and regulatory challenges, Bitcoin will serve as a solid inflation hedge in the long run. In a world where inflation seems unavoidable, Bitcoin presents a compelling alternative for protecting wealth.

References:

CNBC Interview of Paul Tudor Jones: https://youtu.be/49-2-NWoiLI?si=0I0KfbEv8ElIDSI8
Michael Saylor Interview on the Lex Friedman Podcast: https://www.youtube.com/watch?v=mC43pZkpTec

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Summary:

In this episode, I debunk the myth of a popular motivational phrase - "You can do anything you set your mind to," which often leads to unrealistic expectations and frustration. While hard work is valuable, each person’s abilities are influenced by both natural talent and environmental factors, which can limit success in certain fields. For instance, achieving highly specialized accomplishments, like being a professional athlete or winning a Nobel Prize, often depends on innate skills and intelligence.

Notable figures like John F. Kennedy, Warren Buffett, and Elon Musk exhibited unique talents early in life that shaped their success. The common factor among these individuals was an early identification of their "life’s task"—a concept explored by author Robert Greene. Greene and other thinkers suggest that each individual has a unique purpose aligned with their skills, often rooted in early passions. However, society and education systems may prevent us from focusing on this purpose, pushing us instead to "strengthen weaknesses" rather than hone innate strengths.

Meaningful success, according to Greene, comes from identifying and dedicating oneself to this "life’s task," even if it requires resilience and overcoming societal pressures. Simplistic motivational phrases like “Believe in yourself” and “You can do anything” overlook these complexities and can mislead people.

Ultimately, the goal is to find a purpose that aligns with individual skills, allowing for true fulfillment rather than pursuing ambitions based solely on external motivational messages. Achieving this "life’s task" brings deeper meaning and satisfaction but is a unique journey each person must discover for themselves.

References:

Monish Pabrai on My First Million: https://www.youtube.com/watch?v=XikIr0kedY8
Robert Greene on The Huberman Lab Podcast: https://www.youtube.com/watch?v=50BZQRT1dAg&t=7860s

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✔️Summary:

In this episode, I interviewed Marcia Gawood, an angel investor, who discusses her journey into the world of angel investing. She shares how she transitioned from a corporate job at Kaplan Education to becoming fascinated by innovative companies at a local angel investing meeting. Angel investing, she explains, differs from venture capital because angel investors use their own money, while venture capitalists invest using funds from other investors. Marcia emphasizes the accessibility of angel investing, highlighting how anyone can get involved with as little as $50 through equity crowdfunding, thanks to changes in SEC regulations in 2016.

Marcia mentions the importance of investing in groups for sharing expertise, especially in industries like healthcare, where she is passionate due to personal circumstances. She also addresses the significance of assessing a company’s team, scalability, and the problem-solving potential of their products. Evaluating the founder’s drive and compatibility with their team is key, as is understanding the broader market context.

She also discusses her involvement with angel groups like Golden Seeds, which focuses on women-led businesses, and Mindshift Capital, a global venture capital firm. Passion for certain causes, such as women's health, motivates Marcia's investment decisions, as well as the potential for both financial returns and societal impact. Finally, Marcia shares advice on how beginners can start angel investing, such as attending local startup events, conducting research, and considering investment platforms like equity crowdfunding sites.

⭐️About Marcia:

Marcia Dawood is on a mission to empower and educate everyone to realize their potential to invest in positive change. She is passionate about bridging the gap from early-stage inception to building thriving, profitable companies.

A proponent of diversity in startup leadership, which has proven to yield better outcomes, Marcia supports companies that are working on solutions to big problems in the world, like hunger, clean water, medical advances, and climate change.

Marcia is also an advisor to the Securities and Exchange Commission on the Small Business Capital Formation Committee.

Author of Do Good While Doing Well, TEDx speaker, and the host of The Angel Next Door Podcast, Marcia walks the talk and holds investments in over 50 early-stage companies and funds. She is committed to expanding support for diverse companies that overcome the world’s biggest problems and accelerate positive change.

She is a venture partner with Mindshift Capital and a member of Golden Seeds, one of the largest angel groups in the US. Both groups focus on investing in women-led companies.

She is Chair Emeritus of the Angel Capital Association (ACA), the global professional society for angel investors. She is a founding member and current chair of the ACA’s Growing Women’s Capital Group, which is building syndication and collaboration among US investment groups focused on women-led companies.

Previously, Marcia was the COO of Portfolia as well as a managing partner at BlueTree Capital Group, where she was responsible for investment strategy, diligence research, and member education.

Prior to that, Marcia won numerous awards as a top sales executive for Kaplan Education for ten consecutive years. She is also a co-author of the book You Can, You Will, which was an Amazon bestseller in 39 categories in four countries.

Marcia received an MBA from the University of North Carolina Kenan-Flagler Business School.

💜 Resources:

► Equity Crowdfunding Platforms: Republic.com, WeFunder, and StartEngine

► Book: "Do Good While Doing Well" by Marcia Gawood

► Marcia's podcast "The Angel Next Door": https://www.marciadawood.com/the-angel-next-door-podcast

► Marcia’s TEDx Talk: https://www.youtube.com/watch?v=yI4i4qb3E8E

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In this episode, I analyze Nvidia stock from both qualitative and quantitative perspectives following its stock split in June 2024, with my analysis dated September 13, 2024.

On the qualitative side, there is significant support for the stock, both from external sources and the company's management.

However, the quantitative analysis tells a different story. None of the four valuation methods I used suggest a buy, though it's important to note that these assessments are based on very conservative assumptions typical of value investors. Therefore, it's unsurprising that they all indicate a "not buy" recommendation.

In conclusion, valuing a company with Nvidia's unique positioning and extraordinary growth potential is challenging, especially when it stands out as a once-in-a-lifetime opportunity.

🚨SUBSCRIBE TO MY CHANNEL for more FREE personal finance content: www.youtube.com/@personalfinancecat

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(Disclaimer: I am not a financial advisor. My podcast and YouTube channel are for educational purposes only and merely cite my own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.)

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In this podcast episode, I start with a Joe Rogan Experience episode featuring Peter Thiel, which touches on various controversial topics, including Bill Gates and his connections with Jeffrey Epstein. Listening to these "conspiracy theories" almost shatters my worldview, especially regarding the role of powerful individuals in capitalist societies. It makes me wonder - is capitalism evil?

I then go on to explain capitalism, socialism and communism. In reality, socialism and communism have historically failed due to lack of incentives, inefficiencies, and power abuses. In comparison, capitalism, which isn't perfect, has proven to work in many diverse geographic and cultural settings. Ultimately, I conclude that it’s not capitalism that is inherently evil but rather the actions of evil individuals, who can be present in any economic systems - capitalist, socialist or communist.

Despite the controversies surrounding Gates, I express hope that his intentions may be driven by a desire to leave behind a positive legacy, though he may be trying too hard in doing so.

References:

https://nypost.com/2024/08/06/us-news/bill-gates-is-desperate-for-what-he-cant-buy-a-nobel-prize/

https://www.newsweek.com/kim-jong-un-assembles-new-pleasure-squad-young-women-319030

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In this podcast episode, I emphasize the importance of recognizing that personal finance is truly personal, and that popular advice from personal finance gurus often doesn’t fit everyone's unique circumstances. I share 5 pieces of prevalent personal finance advice that did NOT work for me at all, and I also share what would have worked with the 20/20 hindsight.

To become wealthy, you need to budget, be frugal, and save a large percentage of your income. Following this advice had made me feel deprived and I wasn't truly happy. Instead, now I realized that increasing earned income might have been more beneficial.
House hacking is a great way to save money, because housing is the largest expense category. This strategy was simply too difficult, if not possible at all, to implement in the area I live. I should have hacked child care instead.
Other people appear wealthy but they are actually poor, so don’t fall into the comparison trip. This is good advice if it's actually true. There can be a concentration of people who are indeed wealthy in the costal areas, which is where I live. Instead of denying this fact, I should have put aside my ego, and learned from these well-to-do individuals much sooner.
Retirement, better yet early retirement, is the holy grail. I challenge the notion of early retirement as a universal goal, advocating instead for finding passion in work.
Invest in index funds that mimic the market, such as the S&P 500 index. While index funds are popular, and it may well be the best advice for many people, learning to pick individual stocks can be more rewarding if done thoughtfully, and if it suits your aptitude and personality.

Ultimately, I conclude that personal finance should be customized to one's own life, values, and happiness.

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Value investing is a time-tested approach to investing, but it’s often misunderstood. Here are five common myths about value investing, debunked:

Myth 1: Value investing is too hard.

Many believe that determining a stock's intrinsic value is difficult. However, intrinsic value is based on the future cash flows a company is expected to generate. While this requires some analysis, the principle is simple: invest when a company’s stock price is below its intrinsic value.

Myth 2: Value investing doesn’t work.

Skeptics argue that value investing can’t work because if it did, everyone would do it, and there would be more Warren Buffetts. However, the success of value investors like Buffett disproves the Efficient Market Theory, which suggests that market prices always reflect true value. The consistency of returns from value investing in Omaha, Nebraska, and elsewhere, shows it does work—just not for everyone.

Myth 3: Value investing is boring.

While it’s true that many value investors focus on established companies, the idea that value investing is inherently boring is wrong. The key is understanding companies within your “circle of competence.” Successful value investors have made significant gains in industries like gaming, social media, and tech, not just “boring” businesses.

Myth 4: Value investors avoid high-growth companies.

Contrary to popular belief, value investors have invested in high-growth companies like Amazon. Bill Miller, a well-known value investor, famously invested in Amazon when its stock was undervalued during the dot-com bust, proving that value investing can involve high-growth stocks.

Myth 5: Just follow what other value investors are buying.

Simply copying famous value investors is a mistake. Value investing requires buying stocks at a discount, which means doing your own research and understanding your circle of competence. What works for Warren Buffett may not work for you.

In conclusion, value investing isn’t as difficult or outdated as some might think. With the right application, it remains a powerful investment strategy.

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In my last YouTube video about Tesla, I was skeptical about investing in it. But after diving deep into the company, guess what? I changed my mind! The stock hit a 52-week low sometime this year, so I started buying shares between $140 and $180. Now, it's around $220 (July 30, 2024), so it’s been a decent profit so far, and I'm holding for the long term.

I discuss three main reasons that made me change my mind in this episode:

Dude is crazy and uncompromising - it’s a bad trait to be likable but good for business. A big reason for my change was Walter Isaacson’s biography of Elon Musk. It shows Musk as a driven, multifaceted person who, despite being difficult, gets things done. For example, he insisted on unique Tesla door handles, even though it raised engineering challenges and costs, in order to make EVs more desirable, which was his original vision.

2. Elon really believes in his vision and would do whatever it takes to make it happen. He truly believes in EVs as the future because fossil fuels will run out. His relentless drive to change the world, not just make a profit, is inspiring and a common trait in the founders of groundbreaking companies.

3. Just like any companies that disrupted, whose growth trajectory, and stock price for that matter, never followed a linear path, neither will Tesla’s. Value investor Christopher Tsai made this critical point. He compared Tesla to Ford's trajectory and impact on the auto industry. Despite challenges, he thinks Tesla is set for success, especially as EVs become inevitable due to limited fossil fuels. In many ways, Tesla is way ahead of its competitors, and therefore will become the ultimate low cost EV manufacturer.

In short, Musk’s vision and the "getting things done" ability, Tesla’s leading position in the EV revolution, and validation from seasoned investors convinced me to invest. Even though I was skeptical before, I now see Tesla as a company ready to shape the future.

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In this episode, I discuss a recent trip to China. In particular, I share my positive and "not so positive" experiences from this trip.

To start with, the pros:

Modernity
Hospitality
Good customer service
Affordability
Delicious food

Moving on to the cons:

Uncleanness
Lack of amenities
Crowdedness
Environmental pollution
Restricted internet access

Overall it was a great trip, and I can see why many think that China is going to take over the US as the next world power. That being said, I discuss the varied opinions from notable investors, some optimistic and others wary, reflecting the complexity of the investment landscape in China.

Where do I stand? Like the old adage says, "never say never". I remain cautious about investing in China due to government policies and economic slowdown which create challenges in long-term planning. However I am hopeful that there will be future changes in government policies that encourage innovation and stimulate business growth.

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✔️Summary:

In this episode, I interviewed T.J. van Gerven, a millennial financial planner. T.J. discusses his journey and philosophy in financial planning, focusing on serving the millennial generation. Starting his practice in 2018, T.J. emphasizes transparency and tailored advice, distinguishing himself from traditional advisors who often sell financial products rather than providing genuine advice.

T.J. explains that many financial advisors historically have had a bad reputation due to their sales-driven approach. However, the new generation of advisors, like him, are changing this by being transparent about fees and focusing on the client’s best interests. He structured his practice based on how he would want to be served, emphasizing straightforwardness and transparency.

He highlights the importance of understanding and managing equity compensation, especially for clients in startups with stock options. T.J. advises on strategies like managing concentration risk and planning for tax implications, such as the Alternative Minimum Tax (AMT). He emphasizes the need to balance short-term tax savings with long-term tax efficiency.

For millennials, T.J. advocates for financial flexibility over strict financial independence. He believes in creating good financial habits and using resources wisely, allowing clients to adapt to changing life circumstances without waiting until traditional retirement age.

T.J. prefers passive investing through index funds and ETFs, aligning with the philosophy that achieving average market returns often outperforms active management. Maintaining a small client base allows T.J. to provide personalized service and maintain a work-life balance. He focuses on quality over quantity, aiming to serve around 50 households effectively.

For those interested in learning more about financial planning, TJ recommends resources like Kitces.com and books such as "Consider Your Options" for stock options and "The Almanack of Naval Ravikant" for broader wealth-building advice.

⭐️About T.J.:

Theodore Joseph (T.J.) is a financial planner, the founder of Modern Wealth Builders, and the host of the podcast "Do More With Your Money."

After graduating from Virginia Tech, T.J. has dedicated his entire career to the financial services industry. He is passionate about helping millennials use money intentionally to build toward financial flexibility and independence.

Outside of his professional work, T.J. enjoys practicing Muay Thai, listening to audiobooks, visiting Martha’s Vineyard, and spending time with his friends and family.

💜 Where to find T.J.:

► Website: https://modernwealthbuilders.com

► Linkedin: https://www.linkedin.com/in/tjvangerven

► X: https://x.com/tjvangerven

► Podcast: Do More With Your Money

☞ T.J.’s Book Recommendation:

► "Common Sense on Mutual Funds" by Jack Bogle

► "A Random Walk Down Wall Street" by Burton G. Malkiel

► "Consider Your Options" by Kaye Thomas

► "The Almanack of Naval Ravikant" by Eric Jorgenson

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✔️Summary:

In this episode, I interviewed Randy Langenderfer, a former corporate executive turned full-time multifamily real estate investor. Randy shared his journey from the corporate world to multifamily real estate investment. A year ago, he left his corporate job to focus solely on multifamily investments, a journey that began a decade prior while working for the private equity firm, Carlyle Group. Concerned about job security, Randy sought an alternative income stream and explored various options like small business ownership and franchise opportunities before finding his passion in real estate.

Initially dabbling in single-family home flipping, Randy eventually shifted to multifamily properties due to their scalability and potential for passive income. He appreciated the advantages of non-recourse loans and the syndication model, allowing multiple investors to acquire large properties. Over four years, Randy transitioned from a limited partner to a general partner, methodically building his expertise and confidence before leaving the corporate world entirely.

Randy discussed strategies to mitigate the challenges posed by high-interest rates, such as seeking unique investment opportunities and avoiding variable-rate debt. For example, he mentioned properties with tax abatements and build-to-rent townhouses in high-growth areas like North Dallas.

Addressing the attractiveness of real estate investment versus risk-free options like treasury bills, Randy highlighted the long-term benefits of real estate, including tax advantages and appreciation potential. He emphasized the importance of relationships, advising passive investors to get to know their general partners and understand the deal analytics. He encouraged aspiring investors to take a long-term view, stay educated, and follow the playbook of successful predecessors.

⭐️About Randy:

Randy Langenderfer is a seasoned real estate investor with over a decade of experience. His journey began with single-family home remodels. Transitioning to multifamily investments, Randy discovered the path to true financial freedom.

With an MBA in Finance and over 25 years of corporate leadership in various industries, Randy's expertise lies in risk management and governance. He founded InvestArk to identify low-risk, high-return investment opportunities. Currently, his portfolio includes nearly 4,000 units, all managed by top-tier property management and operational oversight teams.

Randy advises new investors and busy professionals to consider passive investment in multifamily real estate. This approach offers diversification, lucrative and recession-resistant returns, tax savings, and the creation of legacy assets without the hassles of active property management.

For those interested in hands-off real estate investing, Randy invites them to learn more about InvestArk Investors Club through LinkedIn or by visiting InvestArk's website to watch the free training, “How To Recession-Proof Your Retirement With Hands-Off Commercial Real Estate Investing.”

💜 Where to find Randy:

► Website: https://www.invest-ark.com/

► Linkedin: https://www.linkedin.com/in/randy-langenderfer/

► Facebook: https://www.facebook.com/randy.langenderfer

☞ Randy’s Book Recommendation:

► “The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications” by Brian Burke

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✔️Summary:

In this episode, I interview Riggs Eckelberry, President & CEO of OriginClear, Inc., who shares his diverse background, which includes international living due to his father’s career, work in the nonprofit sector, and a stint as a professional Merchant Mariner. He emphasizes that these experiences have given him a global perspective and a drive to use technology for positive change. Initially, his ambitious tech endeavors in New York failed due to lack of capital, teaching him resilience and the importance of persistence.

His career took off in Los Angeles in the high-tech industry, particularly in computing for communication, where he ascended to C-level positions, ultimately leading a company onto the NASDAQ. However, he then shifted focus from tech to green energy, specifically biofuels from algae. Despite initial success, this venture collapsed when crude oil prices fell, prompting a pivot to wastewater extraction technology.

The company, now known as OriginClear, transitioned to focus on decentralized water treatment solutions, addressing the significant gap in water infrastructure, especially highlighted by climate change and rising demand. OriginClear’s innovative approach involves creating modular, containerized water treatment systems for industries and communities, reducing reliance on central systems. They also developed a financial model to support this through regular investors, making water treatment accessible and scalable.

Riggs notes that while large corporations have their own solutions, OriginClear’s niche lies in serving smaller entities like mobile home parks, which face stringent sanitation requirements. By offering water-as-a-service, OriginClear alleviates the financial burden on these communities, making essential upgrades feasible without upfront capital.

Looking forward, Riggs is excited about the potential of decentralized water treatment systems to solve significant water issues globally, drawing parallels to how cell towers leapfrogged landlines in developing regions. This decentralized approach is not only more cost-effective but also better suited to the needs of modern water management, ensuring sustainability and efficiency.

⭐️About Riggs:

Long a disruptive tech marketer and executive, Riggs Eckelberry became involved in the early “green” space when he co-founded the company that eventually became OriginClear, taking it public in 2008.

Beginning in 2014, he and his team developed a series of transformative businesses which OriginClear manages in its role as the Clean Water Innovation Hub™.

Riggs Eckelberry is passionate about Break To Build™, which is about reinventing, with a team.

💜 Where to find Riggs:

► Company Website: https://www.originclear.com/

► Linkedin: https://www.linkedin.com/in/riggs/

► X: https://x.com/riggseck

☞ Riggs’s Book Recommendation:

► “The Innovator's Dilemma” by Clayton M. Christensen

► “Foundation” by Isaac Asimov

► "Dune" by Frank Herbert

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✔️Summary:

In this episode, I interviewed Damion Lupo, the author of a book I purchased years ago on qualified retirement plan (QRP) after hearing him on the Bigger Pockets podcast. Damion appreciates the support and reflects on his writing journey, emphasizing that writing has helped him clarify his ideas rather than aiming for bestseller status. He has authored 12 books, with "Unicornomics" being the latest, encapsulating his business principles.

Damion shares his extensive entrepreneurial experience, having started and managed over 70 companies. He believes that understanding foundational business principles can significantly increase the chances of success, countering the common belief that most businesses fail. He argues that many businesses lack a solid foundation, which is crucial for long-term success.

Damion's current focus is FrameTek, a vertically integrated framing company revolutionizing the construction industry by manufacturing house frames in a controlled environment, drastically reducing construction time and waste. He explains that FrameTek's approach addresses the shortage of skilled labor in construction and offers a predictable, high-quality, and efficient process. The company is expanding rapidly, with plans to build additional plants in various locations.

Damion discusses the importance of having a mission-driven business rather than solely focusing on making money. He shares his own experiences, including significant financial losses, which taught him the value of having a clear mission and serving others. This mission-centric approach has been central to his various ventures, including eQRP, which empowers people to take control of their financial future.

He emphasizes the importance of focus, saying that diversifying too much can lead to mediocrity. Damion advises aspiring entrepreneurs to narrow their focus, master one thing, and avoid chasing too many opportunities simultaneously. He also underscores the value of mentors, stressing that finding the right mentor can accelerate personal and professional growth. Damion concludes by encouraging people to embrace the process of building something meaningful, staying patient, and being willing to invest in their growth and learning.

⭐️About Damion:

Over the last 35 years, Damion Lupo has owned and started more than 70 different companies and personally purchased over 150 houses in 7 states, apartment complexes, completed condo developments, and more.

His mission is to help 10,000 families become debt-free with at least $100,000 in annual perpetual passive income for life.

The family of companies working together to make that happen includes FrameTec®, eQRP®, My Gold Advisor, Vitruvian Ventures, and FU Media.

💜 Where to find Damion:

► Website: https://damionlupo.com/

► Company Website: https://frametek.com/

► Linkedin: https://www.linkedin.com/in/damionlupo/

☞ Damion’s Book Recommendation:

► "Mastery” by George Leonard

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✔️Summary:

In this episode, I interviewed Catherine Collins, a nationally recognized personal finance writer, editor, and author. Catherine began her journey by starting a blog during her graduate school years as a creative outlet. Struggling financially with a small stipend, she shared her budgeting techniques and thrift store decor tips on her blog. This initial venture gradually evolved as more opportunities came her way, including writing for banks despite having no prior experience with mortgages. Catherine's ability to learn and adapt quickly led her to numerous opportunities, including social media brand deals and eventually a book deal. Her company, The Alford Media Group LLC, alongside her book, "Mom's Got Money," reflects her dedication to empowering women in financial matters, particularly moms who she feels are often intimidated by finance.

The book aims to motivate moms to take an active role in managing family finances, using relatable examples and encouraging them to leverage their skills gained from motherhood. Catherine emphasizes the importance of finding personal finance resources that resonate on a personal level, advocating for following influencers or reading books that reflect one's own life experiences and challenges.

Her journey also led to starting a new company and a podcast named "Five-Year You," focusing on personal development and self-improvement, with finance being one part of a broader spectrum. Catherine speaks about resilience and self-advocacy, especially following her unexpected divorce, which tested her financially and personally. She underlines the importance of resilience in financial matters, especially when facing life's unpredictabilities.

Besides her professional endeavors, Catherine also touches on being highly sensitive and how this trait has shaped her approach to personal development and entrepreneurship. Her strategy involves utilizing her sensitivity to empathize and connect with others, which enhances her podcasting and helps her engage with her audience effectively.

Overall, Catherine's narrative is about leveraging personal challenges and traits to foster growth and resilience, encouraging women to become proactive and confident in handling finances and personal development.

⭐️About Catherine:

Catherine Collins (formerly Catherine Alford) is a nationally recognized personal finance writer, editor, and author. She wrote the book Mom's Got Money: A Millennial Mom's Guide to Managing Money Like a Boss.

She has been featured in dozens of media outlets, including Good Morning America, Yahoo Finance, Forbes, U.S. News and World Report, Real Simple, The Huffington Post, Kiplinger, Investopedia, Business Insider, and many more.

Through her company, The Alford Media Group, she provides high-quality freelance writing and content management to several websites and companies. Catherine's specializations include long-form SEO content and editing. She has managed a team of three freelance writers with responsibilities including editing, maintaining an editorial calendar, and scheduling newsletters.

Her past experience as an English instructor to university students has given Catherine extreme attention to detail, making her an ideal candidate to take your company's content and copywriting to the next level.

💜 Where to find Catherine:

► Website: https://www.momsgotmoney.com/

► Linkedin: https://www.linkedin.com/in/catherine-collins-8b983049/

► Instagram: https://www.instagram.com/momsgotmoney/

► TikTok: https://www.tiktok.com/@fiveyearyou

► Podcast: Five Year You

☞ Catherine’s Book Recommendation:

► "Atomic Habits” by James Clear

► Books by Freida McFadden

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✔️Summary:

In this episode, I interviewed Parker Pursell, CEO of eQRP Company. Parker, a graduate from Auburn University in 2013, started his professional journey in leadership and hospitality at Chick-fil-A, where he developed his core leadership philosophy: winning hearts before minds to ensure effective communication. His time at Chick-fil-A, combined with his family's business in hospitality at Pursell Farms, ingrained in him a deep sense of stewardship and customer service. The COVID-19 pandemic in 2020 prompted him to leave the security of employment to explore entrepreneurial ventures, eventually leading him to a role at eQRP.

eQRP (Enhanced Qualified Retirement Plan) leverages self-directed retirement systems to empower individuals to manage their financial future actively. Parker's role, initially undefined, grew to encompass leveraging his hospitality experience to enhance customer service within the financial sector. His approach at eQRP focuses on educating clients to make informed financial decisions themselves, reflecting his belief in stewardship—managing resources effectively for the benefit of others.

Parker's story is marked by a transition from hands-on roles in the food and hospitality industry to a leadership position in finance, guided by the principle of adding value and making strategic career decisions based on personal happiness and effectiveness. He emphasizes the importance of aligning one's work with personal joy and ethics, noting the stark contrast in the finance industry where greed often supersedes ethical stewardship, as seen in recent financial scandals.

Parker's philosophy extends beyond business, viewing financial empowerment as part of a broader spiritual and ethical journey. He advocates for proactive, informed engagement with one’s finances, leveraging opportunities like self-directed retirement plans to invest in meaningful and personally resonant assets. This approach not only aims to secure financial independence but also aligns financial actions with personal values and broader life goals.

⭐️About Parker:

Parker Pursell, serving as President & CEO of eQRP, is dedicated to enhancing financial independence for professionals and investors. Grounded in the principle of Steward Leadership, Parker is committed to fostering personal and financial growth. His varied experiences at Chick-Fil-A and Pursell Farms prepared him well, but it was during the uncertainty of the COVID-19 pandemic that Parker found his path in the financial sector by joining eQRP. Now, three years into his role, Parker continues to positively influence the lives of many each year. His focus on promoting financial freedom reflects his deep commitment to helping others achieve greater financial control and security.

💜 Where to find Parker:

► Website: https://eqrp.com/

► Linkedin: https://www.linkedin.com/in/parker-pursell/

► X: https://twitter.com/parker_pursell

☞ Parker’s Book Recommendation:

► "Rich Dad Poor Dad" by Robert Kiyosaki: https://amzn.to/3QkZRaz

► "Extreme Ownership" by Jocko Willink: https://amzn.to/3UBdox1

Extreme Ownership: How U.S. Navy SEALs Lead and Win

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

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✔️Summary:

In this interview, Byron shares his journey to founding his company CFOAF, which specializes in tax strategy and fractional CFO services. He explains his entrepreneurial background, driven by his realization that he was not suited to being an employee, leading him to start and run multiple businesses, some of which succeeded while others failed. His motivation to understand accounting and tax strategy emerged from his experiences with banks and the IRS, which influenced his business operations.

Byron's company offers comprehensive CPA services, with a strong focus on tax strategy and fractional CFO roles, aimed at optimizing tax liabilities while demonstrating profitability to banks. He delves into the complexities of tax planning, illustrating with real estate investment strategies that leverage cost segregation studies and real estate professional status to maximize tax benefits while maintaining high profitability on paper.

The discussion also covers the benefits of a fractional CFO service, particularly for growing businesses that cannot yet afford a full-time CFO. Byron emphasizes the strategic advisory role of a CFO, which helps companies navigate growth phases efficiently without prematurely expanding their overhead costs.

Byron also touches on broader industry topics like the impact of emerging technologies such as cryptocurrencies and the metaverse, explaining how they influence the state of the world. He highlights the importance of proactive involvement in shaping tax regulations, especially in rapidly evolving fields like cryptocurrency.

Overall, the interview provides insights into strategic financial management and the advantages of leveraging specialized financial services to support business growth and navigate complex tax landscapes effectively.

⭐️About Byron:

Byron Wolfe is the founder of CFOAF, a consultancy offering fractional CFO services and business strategies with a focus on small businesses generating less than $38 million in annual revenue. He is a certified public accountant (CPA) with expertise in cryptocurrency, NFTs, and metaverse-related tax strategies.

Currently serving as the CFO of Black Tie Moving, a company recognized in the INC 5000 list, Byron brings over 14 years of experience in leading financial reporting, accounting, treasury, and human resources operations. His career has spanned roles as CEO and COO across various industries, primarily focusing on financial management. He has provided consultancy for a range of businesses from startups to mid-cap companies, demonstrating a strong ability to motivate, train, and coach teams.

Byron thrives on tackling new challenges, particularly in developing financial models and strategies aimed at achieving rapid and sustainable business growth.

💜 Where to find Byron:

► Website: https://www.cfoaf.com/

► Linkedin: https://www.linkedin.com/in/byron-a-wolfe-cpa/

► Facebook: https://www.facebook.com/cfoaf

☞ Byron’s Book Recommendation:

► "The ONE Thing” by Gary Keller and Jay Papasan: https://amzn.to/3Q2XmcN

► “Buy Back Your Time” by Dan Marte: https://amzn.to/3TYytjv

The ONE Thing: The Surprisingly Simple Truth About Extraordinary Results

Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire

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✔️Summary:

In this episode, Cary Prejean, CEO of Strategic Business Advisors (fka CFO Consulting LLC), shares his journey from working in accounting to founding his own company. He observed a lack of financial literacy among small business owners, hindering their ability to interpret financial statements and make informed decisions. This insight prompted him to educate and assist small businesses, leading to the creation of his company.

Cary's solution was to develop customizable financial dashboards on Excel, providing real-time actionable data for businesses. These dashboards enable owners to track cash flow, receivables, payables, and other vital metrics, empowering them to manage their businesses effectively.

Additionally, Cary helps owners transition from being hands-on to adopting a strategic, hands-off approach by empowering their teams and clarifying expectations. This transition ultimately frees up owners to focus on strategic vision and revenue generation.

Cary discusses the challenges small business owners face in relinquishing control and implementing effective processes. He emphasizes the importance of trust between employers and employees, highlighting that employees need to feel cared for and valued in order to perform at their best. Cary draws parallels between businesses and military operations, emphasizing the need for consistent processes and training to achieve success.

Through his expertise and tailored solutions, Cary enables small business owners to achieve financial clarity, peace of mind, and improved profitability.

⭐️About Cary:

Cary Prejean, a seasoned Controller and CFO, is dedicated to empowering business owners through the Well-Oiled Machine process. Recognizing the frustrations of stagnant businesses, Cary offers a transformative four-month course to streamline operations and optimize profitability.

By replacing outdated accounting models with practical strategies, Cary equips entrepreneurs with customized procedures and intuitive dashboard reporting systems. This enables owners to efficiently manage their enterprises with minimal time investment, fostering growth and freedom.

Beyond immediate gains, Cary assists in long-term strategic planning to ensure sustained success. By proactively shaping their business trajectory, owners can navigate challenges and seize opportunities.

💜 Where to find Cary:

► Website: strategicbusinessadvisors.org

► Linkedin: https://www.linkedin.com/in/caryprejean/

☞ Cary’s Book Recommendation:

► "The E-Myth Revisited” by Michael E. Gerber: https://amzn.to/4azSfsh

► “The Science of Dream Teams” by Mike Zani: https://amzn.to/4czMZGW

► “Traction” by Gino Wickman: https://amzn.to/4agNvIk

► “How to Be a Great Boss” by Gino Wickman and René Boer: https://amzn.to/4agNvIk

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✔️Summary:

I normally do not interview traders but I have to say - Anmol’s track record and his approach to investing are very impressive.

In the beginning of the interview, Anmol Singh discusses his philosophy and approach to trading, emphasizing systematic decision-making based on technical analysis.

Anmol advocates for a balanced approach, incorporating both short-term trading for income and long-term investing for wealth-building. He highlights the importance of aligning trading strategies with individual time commitments, personality types, and capital. Anmol also discusses the differences between fundamental and technical analyses, emphasizing the importance of aligning trading strategies with individual preferences.

Anmol also shares insights into selecting companies to trade, highlighting specific patterns and strategies based on chart analysis. He simplifies fundamental analysis to two key questions: whether a company will be more relevant in the next five years and whether people will continue to use its products or services.

Anmol stresses the importance of continuous learning and personal development, recommending workshops, seminars, and retreats as valuable opportunities for growth.

Regarding partnerships, Anmol advises taking time to get to know potential partners, setting clear boundaries, and ensuring complementary skill sets. He shares his definition of true success as achieving harmony in all aspects of life and being content with one's progress.

⭐️About Anmol:

The stock market is an emotional rollercoaster. The difference between profit and loss comes down to your understanding of how to make logical and fast decisions based on constantly changing data. This is where Anmol Singh comes in. He was born in Delhi, India and grew up as a patient and persistent individual. After completing his high school education, he went to Brunel University London with the strong determination to become something great. He started trading in his dorm and saved enough money to legally start multiple franchises and move to America. At the young age of 22, Anmol Singh was able to establish himself as a successful Trader and has been featured in major media outlets including Business Insider, Forbes, and International Business Times. Today, he and his team at Live Traders show people how to execute trades, review different scenarios, and most importantly, how to control your emotions when high stakes are on the line.

💜 Where to find Anmol:

► Website: www.Livetraders.com

► X: https://twitter.com/DeltaNinety

► Facebook: https://www.facebook.com/anmolsc

► Instagram: https://www.instagram.com/deltaninety/

► Linkedin: https://www.linkedin.com/in/anmolsc/

► Youtube: https://www.youtube.com/@Live.Traders

☞ Anmol’s Book Recommendation:

► "Mindset" by Carol Dweck: https://amzn.to/3wX8T6D

► “The Three Laws of Performance” by Steve Zaffron and Dave Logan: https://amzn.to/495q0Ri

► “Prepping For Success” by Singh Anmol: https://amzn.to/4ae3aI6

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✔️Summary:

In this episode, I interviewed Mark Murphy, CEO at Northeast Private Client Group. Mark discusses his career journey in financial planning and wealth management, emphasizing the importance of serving others and creating value. He stresses the significance of focusing on passion, expertise, and serving a purpose.

Mark advocates for a "who not how" approach, prioritizing collaboration and surrounding oneself with smart, honest individuals. He introduces the concept of "paychecks versus play checks," urging for a balance between earning income and investing in assets that provide financial freedom. Mark also encourages continuous learning and getting paid for one's knowledge rather than just their actions.

Mark then discusses three main ways of creating wealth: investing in one's own business, investing in real estate, and financing deals. He contrasts these methods with traditional investment vehicles like stocks and emphasizes the importance of active involvement and leveraging other people's expertise and resources.

Mark also touches on the value of problem-solving mindset and the integration of harmony, health, wealth, purpose, and love in achieving a successful life. He recommends books by Malcolm Gladwell and highlights the importance of feedback and coaching in personal and professional development.

⭐️About Mark:

Mark Murphy is an accomplished CEO, author, speaker, motivator, and podcast host, who is transforming the financial planning and wealth management industry with his innovative and forward-thinking approach. As the Chief Executive Officer of Northeast Private Client Group, a national financial planning and wealth management firm, Mr. Murphy is a highly sought-after key business strategist and critical thinker. He is passionate about empowering entrepreneurs to achieve multigenerational wealth by providing personalized strategies that focus on emotional fitness, wealth accumulation, and a plan that can work under all circumstances.

Mr. Murphy's expertise in strategic planning and financial engineering has benefited a diverse range of clients, including closely held businesses, mid-size companies, celebrities, athletes, hedge fund managers, doctors, dentists, and other high net worth individuals. His unwavering commitment to delivering a "wow" experience has earned him a reputation as a trusted expert in the industry.

💜 Where to find Mark:

► Website: https://markbmurphy.com/

► Facebook: https://www.facebook.com/mark.murphy.58323 / https://www.facebook.com/NortheastPrivateClient/

►Instagram - https://www.instagram.com/mark_b_murphy

►LinkedIn - https://www.linkedin.com/in/mark-b-murphy-813b105 / https://www.linkedin.com/company/northeast-private-client-group

☞ Mark’s Book Recommendation:

► “Outliers” by Malcolm Gladwell: https://amzn.to/3wLI3y7

► “Freakonomics Revised and Expanded Edition” by Steven D. Levitt and Stephen J Dubner: https://amzn.to/3SZW1UD

► “The Ultimate Investment” by Mark B. Murphy: https://amzn.to/3UUb2Km

Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything

The Ultimate Investment: A Roadmap to Grow Your Business and Build Multigenerational Wealth

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✔️Summary:

In this episode, I interviewed Miriam Castilla, founder of Magnetic Money®. Miriam starts the discussion with the benefits of yoga in her life, emphasizing how it helps her maintain clarity of mind and deal with stress, which is crucial for her business endeavors. She delves into the concept of wealth mindset versus mere income, highlighting how wealth provides freedom and options in contrast to solely focusing on earning money.

Miriam explains her approach to helping clients build wealth while managing their finances effectively through group coaching programs. She incorporates practices like hypnotherapy to address subconscious blocks that hinder financial success, aiming to empower clients to shift their mindset and behaviors. Miriam also shares her journey into hypnotherapy and the importance of understanding subconscious patterns in achieving personal and financial goals.

Miriam primarily serves women business owners through group coaching rather than one-on-one sessions to maximize her impact and ensure clients have the necessary tools for long-term success. The group sessions for the "Magnetic Money" program are conducted online and consist of pre-recorded modules, live weekly calls, Q&A sessions, and one-on-one coaching with an accountability coach. The program focuses on energetic alignment, mindset, unconscious beliefs, and practical money management. It helps participants overcome money shame by shifting their focus towards abundance and celebrating their current financial situation.

⭐️About Miriam:

With a background in finance, hypnotherapy, and mindset coaching, Miriam Castilla helps people transform their relationship with money, gain money confidence, and achieve their goals.

It's about making money fun and easy - by setting up a money system that only takes 5 minutes a week and changing the way you think and feel about money.

Miriam Castilla is the founder of Magnetic Money® and creator of the Magnetic Money® system, helping women business owners become more magnetic and stop worrying about money.

As an international speaker and bestselling author, Miriam Castilla is also available for corporate training, workshops, and consulting.

Her personal journey has seen her go from broke, single mum to award-winning business owner. Miriam Castilla understands what it feels like to stress about money - even when you have it! And she knows what it takes to transform both your mindset and your finances so you never worry about money again and feel abundant inside and out.

Contact Miriam Castilla via email (miriam@miriamcastilla.com) and find out how she can help you and/or your team transform your finances and your mindset.

💜 Where to find Miriam:

► Website: https://miriamcastilla.com/

► LinkedIn: https://www.linkedin.com/in/miriamcastilla/

☞ Miriam’s Book Recommendation:

► "The (5Min) Magnetic Money Management System" by Miriam Castilla: https://amzn.to/3wmwxsW

► "The Surrender Experiment" by Michael Singer: https://amzn.to/48nTucG

► "The Power of Now" by Eckhart Tolle: https://amzn.to/3SIdOiX

The Power of Now: A Guide to Spiritual Enlightenment

The Surrender Experiment: My Journey Into Life's Perfection

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✔️Summary:

In this episode, I interviewed Scott De Long, a Ph.D. in education with a successful entrepreneurial background, who discusses his academic, business and life journey. Initially motivated to prove to his son that returning to school was feasible, he enjoyed the experience and pursued an Executive MBA at UC Berkeley. Later, he joined a leadership program at Chapman University, gaining new insights surrounded by diverse perspectives. Scott completed his doctorate at age 60 while running a telecommunications company.

Scott recounts experiences in various ventures, from a pool cleaning service to a partnership in the payphone business, highlighting his entrepreneurial spirit. Scott discusses the unique stresses of entrepreneurship, such as making payroll and balancing customer and employee needs. He stresses the significance of home support for entrepreneurs, especially during the startup phase.

Reflecting on the pandemic’s impact, Scott notes a shifting perception towards flexibility and work-life balance. The conversation touches on his current role in executive coaching and team-building, emphasizing the value of purpose and fulfillment in work. Scott also shares insights into the companies he typically assists, ranging from 50 to 250 employees, and the challenges faced by CEOs in letting go and fostering effective communication within their teams.

Scott shares insights on developing client relationships through word of mouth, emphasizing his ability to mitigate conflict and find positive outcomes. He discusses learning conflict resolution through personal experiences rather than formal education. Scott introduces the "Circle of Trust," a four-step process (respect, listen to understand, share from experience, deliver on the promise) to build trust faster and deeper.

He highlights the importance of vulnerability, humility, and empathy in leadership, drawing a distinction between seeking power and desiring influence.

⭐️About Scott:

Scott De Long is an author, speaker, educator, and entrepreneur. A lifelong learner with a relentless quest for knowledge, Scott completed an Executive Leadership program at the prestigious Haas School of Business at UC Berkeley at the age of 45. This experience led him to Chapman University where he earned a Master’s Degree in Leadership Development. Recently, he earned his Doctorate, at the age of 60, also from Chapman University, in Education with an emphasis in Leadership Studies from the Donna Ford Attallah College of Educational Studies.

Professionally Scott grew up as an entrepreneur, successfully creating, and then building three previous companies. During this time he recognized that the problems facing entrepreneurial companies experience when they outgrew the ability of the founder to have their hands in everything. His experience in his own companies led to the concepts that eventually became Lead2Goals. Scott has been facilitating retreats for the past nine years for organizations that range from industry associations to business groups, and non-profits to corporations.

Scott’s strengths in leading small group communication allow for him to disarm the greatest of egos, and set up an environment of respect, which in turn leads to the building of trust, and better relationships among team members. His own aspirational goals include greater Humility, Empathy, and Vulnerability.

💜 Where to find Scott:

► Website: https://lead2goals.com

► LinkedIn: https://www.linkedin.com/in/scottdelongphd/

► YouTube: https://www.youtube.com/channel/UCz1_pZvtXMnvV7a2TyT84FQ

☞ Scott’s Book Recommendation:

► “Crucial Conversations” by Joseph Grenny, Kerry Patterson, Ron McMillan, Al Switzler, Emily Gregory: https://amzn.to/3w5YWDG

► “Humble Inquiry” by Edgar H. Schein and Peter A. Schein: https://amzn.to/3ujkWdz

► “I Thought I Was a Leader” by by Scott De Long, Sarah Mirand: https://amzn.to/3SGdPFk

Humble Inquiry, Second Edition: The Gentle Art of Asking Instead of Telling (The Humble Leadership Series)

Crucial Conversations: Tools for Talking When Stakes are High, Third Edition

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✔️Summary:

In this episode, I interviewed Tony Steuer, who discusses his financial education method, the Get Ready Method. He emphasizes the importance of educating yourself about financial products, asking questions, and being curious. He also talks about the different types of insurance products and how to choose the right one for your needs.

Tony discusses the importance of financial literacy and how his program helps people build it. Specifically, his program helps people build financial literacy by teaching them one simple action item each week. This makes it easy to build a habit of financial planning and management. He also talks about his book, which was awarded the Excellence in Financial Literacy Education Award.

Tony also discusses his role as an advisor at PaperWork and Dingo Technologies. He expresses excitement about technology expanding the scope of education tools, particularly in the field of financial education. Tony believes that technology can leverage existing knowledge to assist individuals in real-time situations, especially in financial matters.

The conversation touches on various topics, including Certified Financial Planners (CFPs), their role, and the importance of finding an advisor who aligns with one's values and background. Tony also emphasizes the significance of diversity in the financial advisory industry to cater to different cultural perspectives.

The discussion delves into the challenges of financial literacy education in schools and the societal taboo around discussing money. Tony advocates for open communication about money within families to instill good financial habits in children.

The conversation concludes with Tony sharing his long-term goal of helping people change their perspectives on money and avoid financial pitfalls through education and awareness.

⭐️About Tony:

Tony Steuer is dedicated to changing the way people think about money, empowering them to make better financial decisions. His goal is to collaborate with like-minded professionals, including financial advisors, certified financial planners, insurance agents, registered representatives, wealth managers, financial coaches, financial therapists, accountants, CPAs, real estate professionals, bankers, and others who share this mission. Tony provides knowledge and resources to help individuals put financial literacy into action.

Connect with Tony Steuer if:

👉 You're interested in collaborating on ways to change the way we think about money.

👉 You're a media professional interested in an experienced personal finance and life insurance resource.

👉 You're interested in an experienced podcast guest.

👉 You're interested in exploring opportunities to work together to increase financial wellness.

Tony Steuer is an internationally recognized financial wellness advocate, award-winning author, and top-ranked podcaster. He serves as a Strategic Advisor at Insurance Nerds, Paperwork, and Dingo Technologies. Tony is proud to be a member of ThinkAdvisor’s LUMINARIES Class of 2022 Finalist in Thought Leadership & Education and has also served as a long-term member of The California Department of Insurance Curriculum Board.

He is regularly featured in the media, including ABC’s Seven on Your Side, Cheddar TV, New York Times, the Washington Post, Fast Company, Chicago Tribune, CNBC, and Fox Business News. Tony Steuer is also a frequent guest on podcasts, contributing to the ongoing conversation about changing the way we think about money.

💜 Where to find Tony:

► Website: tonysteuer.com

► Facebook: https://www.linkedin.com/in/tonysteuer/

► Instagram: https://www.instagram.com/tonysteuerauthor/

☞ Tony’s Book Recommendation:

► “Smart Brevity” by Jim VandeHei, Mike Allen, Roy Schwartz:https://amzn.to/48VvXQM

► “The Intelligent Investor” by Benjamin Graham: https://amzn.to/48ZZhFV

The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing

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✔️Summary:

In this episode, I interviewed Nate Armstrong, a multifamily real estate investor, who discussed his background and experiences. He talked about his entry into real estate after working at Target, starting with small rental properties. Nate described a challenging development project that led to financial strain, bankruptcy, and eventual success. He advised against large projects initially, emphasizing the importance of learning from mistakes.

Currently, Nate focuses on buying multifamily properties in Kentucky and Wisconsin, preferring off-market deals with favorable mortgage rates. Despite setbacks, he successfully built a portfolio through small partnerships. Nate discussed strategies for finding deals, targeting sellers with low mortgage rates, and using social media, especially Facebook groups, to connect with investors and sellers. He also shared insights into attracting passive investors through lead magnets and value-add content.

Nate discussed crucial aspects of his real estate business, emphasizing the significance of due diligence in property acquisition. Post-acquisition, Nate highlighted effective communication during ownership transitions and the importance of timely rent collections. The evaluation of expiring leases and the implementation of property management strategies were also part of the conversation. Nate has also been very experienced with syndication, highlighting a $12 million deal with 261 units.

Nate’s future plans included potential retirement from the real estate business and exploring blockchain technology for secure and efficient real estate investments through digital currency.

⭐️About Nate:

Nate Armstrong, the founder of HomeInvest, is a seasoned professional in Real Estate Investing. HomeInvest.com has earned several accolades, including the prestigious Inc 500 Award. Additionally, their marketing brand, SocialMediaBlueprint.com, stands out with the highest rating in its niche on Trust Pilot, boasting an impressive 4.9 out of 5 stars.

What sets Nate apart is his commitment to making a positive impact beyond real estate. He is the driving force behind "Home Invest Kids, Inc.," a non-profit initiative addressing the challenges faced by children today, such as gender confusion, racism, and growing up in fatherless households.

💜 Where to find Nate:

► Website: natepodcast.com

► Facebook: https://www.facebook.com/nate.armstrong/

► Instagram: @RealNateArmstrong

☞ Nate’s Book Recommendation:

► "The Talent Code" by by Daniel Coyle, John Farrell, et al.: https://amzn.to/48D2L1z

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✔️Summary:

In this episode, I interviewed Shari, a virtual financial advisor, who talks about her background, experience, and approach in helping clients manage finances, especially focusing on millennials and those approaching retirement. Shari became a virtual advisor during the pandemic, finding that remote interactions were beneficial for clients’ comfort discussing finances. She highlights common financial challenges faced by clients, including issues with managing inheritance, taxes, retirement transitions, and unexpected windfalls.

Shari's financial planning program addresses essential financial aspects over a three-month period, aiding clients in understanding their financial situation, budgets, insurance, and investment strategies. Her aim is to empower clients, particularly women, who are often underserved in the financial industry, to become more involved and comfortable with their finances.

Regarding marketing strategies, Shari focuses on search engine optimization powered by blogging and maintaining an online presence through her website, podcast ("Money Chic"), and social media platforms like X, Facebook and Instagram. She emphasizes the importance of finding a financial advisor based on trust, compatibility, and expertise, encouraging individuals not to wait until they're experts to seek financial guidance.

Shari's fulfilling experiences as an advisor revolve around helping clients alleviate financial worries and improve communication about money within relationships, and witnessing the positive impact of financial planning on clients' lives.

⭐️About Shari:

Shari’s mission revolves around simplifying financial matters for women and young families. Shari's firm, Greenway Wealth Advisory, is dedicated to delivering exceptional service and is deeply committed to guiding clients through advice-based relationships. Her approach involves understanding clients' goals, risk thresholds, and concerns to make informed financial decisions tailored to their needs. The primary focus is on collaborating with families, offering retirement planning, education funding insights, and guidance on eldercare. Additionally, she provides specialized attention to women who may not have received adequate financial support and millennials embarking on their wealth accumulation journey.

Shari extends her help by addressing several crucial questions:

Do you have a plan in place to fund life’s journeys? Are you juggling career and family and don’t know where to start with your finances?
Are you comfortable with your financial future? Do you need to catch up on retirement savings due to time off work to care for your family?
Do you know where to start building your wealth? Is financial education one of your goals?

For those interested in a Complimentary Review Session to discuss their financial goals, Shari can be contacted via email at shari@greenwaywealthadvisory.com or by phone at 833-833-1903.

💜 Where to find Shari:

► Website: https://www.greenwaywealthadvisory.com/

► X: https://twitter.com/wealthgreenway

► Facebook: https://www.facebook.com/greenwaywealthadvisory/

► Instagram: @MillennialMoneyAdvisor

☞ Shari’s Book Recommendation:

► "I Will Teach You to Be Rich" by Ramit Sethi: https://amzn.to/3RUeBx9

►"The Millennial Roadmap to a Rich Life" by by Jeremy Kho: https://amzn.to/3RUeN0j

I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works

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✔️Summary:

In this episode, I interviewed Denise Thomas about navigating the complexities of higher education financing. Denise shares her personal journey of overcoming financial obstacles and ensuring her children could attend college without incurring debt. She emphasizes the societal expectations around college education, especially for families with college-educated parents or immigrant backgrounds, and challenges the notion that a college degree is mandatory for success.

Denise reflects on her upbringing, unaware of her family's financial struggles, and the pivotal moment when she realized she had to fund her own college education. Despite this, she managed to graduate with minimal debt, thanks to a Pell Grant and working multiple jobs.

The conversation shifts to her approach towards her children's education. Faced with financial crises, including a layoff and bankruptcy, Denise and her family had to make significant sacrifices. This adversity led her to extensively research scholarships and college funding strategies. She discovered commonalities among students who graduated debt-free and applied these insights to her children's education, resulting in them winning numerous scholarships.

Denise's method, detailed in her course "Cracking the Code to Free College," focuses on early preparation, developing a personal brand, and strategic activities aligning with college requirements. She emphasizes the importance of storytelling and marketing in the college application process.

Additionally, Denise highlights her dedication to supporting military families, offering them access to her course at a reduced rate. Her broader mission is to change the national statistics on college debt by educating families on smarter college choices and financial planning.

⭐️About Denise:

Sought after inspiring speaker and coach to parents of college-bound teens, Denise's goal is to inspire, educate, and equip parents who take an active role in supporting their children to live a life of financial freedom. Her mission is to FLIP the student debt statistic in the U.S.

Denise is a 20-year homeschool veteran having homeschooled her two children from Pre-k through high school. They attended their first-choice college on 17 scholarships exceeding $199,000, including the National Merit Scholarship, for 4 years of college debt-free with cash left over! She and her husband have moved more than 15 times during their 34-year marriage and spent 5 years full-time RV-ing across the US and traveling abroad after sending their youngest off to college. (We sold the house and his bed right out from under him...How's THAT for 'your room is no longer available?!')

With more than 7000 hours of research, Denise created a plan that led to an application package that had colleges calling begging her kids to come to their school! In addition, by completing the strategy, she also had the winning application for one of the largest scholarships in the country. Both of her homeschooled kids won the scholarship.

💜 Where to find Denise:

► Get Ahead of the Class: https://www.getaheadoftheclass.com/

► Facebook: https://www.facebook.com/GetAheadOfTheClass/

☞ Denise’s Book Recommendation:

► The Total Money Makeover Workbook by Dave Ramsey: https://amzn.to/4a9d52d

► How to Go to College Debt Free by Denise Thomas: https://amzn.to/48bCdUa

The Total Money Makeover Workbook: Classic Edition: The Essential Companion for Applying the Book’s Principles

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✔️Summary:

In this episode, I interviewed Maja Križan, a finance teacher, who recounted her entry into financial education, spurred by the 2008 economic crisis. This experience, which involved significant financial loss and a diminished trust in financial advisors, led her to educate herself and others on effective money management and crisis preparedness.

Maja highlighted the necessity of distinguishing wants from needs, the importance of effective budgeting, and the value of investing. As a working mother with a limited income, she learned the importance of prioritizing long-term financial goals over short-term desires. Her financial teachings are centered on simplicity and focus on fundamental investment strategies, particularly in index funds like S&P 500 and NASDAQ.

One of Maja's key messages is the importance of developing a habit of saving, regardless of the amount, to foster a wealth-building mindset. She differentiates trading in volatile markets like cryptocurrencies from more stable long-term investment strategies.

Despite not being a financial specialist by training, Maja's background in entrepreneurship and marketing aids her in demystifying complex financial concepts for her clients. She has successfully guided various individuals, including athletes, through their financial journeys and also imparts financial literacy lessons to her children.

The conversation with Maja covered a range of topics including budgeting, understanding and managing expenses, the criticality of early investing, and managing debts. She also shared her thoughts on the evolving financial world, her perspectives on cryptocurrencies and gold, and the vital role of financial education for younger generations. Maja concluded by expressing her aim to assist individuals in enhancing their financial well-being and offered a free strategy session to those interested in learning more.

⭐️About Maja:

Raised in Slovenia, Maja Križan grew up with entrepreneurial parents, inspiring her to become her own boss. Despite starting with traditional jobs post-university, Maja's goal wasn't to inherit the family business but to forge her own path. She ventured into diverse businesses, from importing Ayurvedic cosmetics to real estate and Amazon sales. However, her true success began with mastering money management and mindset. Also an Iyengar yoga practitioner, Maja balances work, self-care, and family as a mother of three. Today, she empowers women to achieve financial freedom through effective money management and investing. Outside work, she enjoys traveling and creating memorable experiences with her family and friends. Maja's journey exemplifies the transformation from overwhelm to financial independence, a path she believes is attainable for all women.

💜 Where to find Maja:

► Start a conversation with Maja: https://calendly.com/maja-krizan/45min

☞ Maja's Book Recommendation:

► Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki: https://amzn.to/3SV0iuh

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✔️Summary:

In this episode, I interviewed Sameera (Sam) Singh, a money mindset coach who started in this field due to personal financial struggles. She pursued multiple coaching certifications and developed her own methods and money personalities, which she plans to detail in an upcoming book. She defines "money mindset" as a combination of beliefs, feelings, and actions regarding money, emphasizing the importance of managing finances effectively. Sam addresses common limiting beliefs, particularly among women, such as hard work being necessary for wealth, fears of becoming a bad person with wealth, scarcity, and self-worth issues.

She helps clients by identifying their "money personality," unraveling limiting beliefs, and encouraging practical action for financial management. A success story she shares involves a client who overcame a deep-rooted sense of unworthiness, leading to significant business growth. Sam's method involves writing exercises and evidence journals to confront and transform beliefs and emotions related to money. She also guides clients in creating business strategies aligned with their personalities.

Sam's advice for financial success includes understanding one's money personality, overcoming limiting beliefs, managing energy, taking inspired action, and efficient financial management. She recommends books like "Lucky Bitch" by Denise Duffield-Thomas and "Think and Grow Rich" by Napoleon Hill for further reading on money mindset.

⭐️About Sam:

Sameera (Sam) Singh is a Money Coach, Actor, and Author based in London. Her mission is to empower business owners to transform their relationship with money and achieve breakthroughs to six figures. Sam’s expertise lies in helping business owners construct an authentic six-figure business that is aligned with their money personality and values, enabling them to create freedom in their lives and make a unique impact on the world.

Sam is the author of 'Money Mastery,' a forthcoming book on building a business in harmony with one's financial identity.

💜 Where to find Sam:

► Find what money blocks are stopping you from increasing your income and reaching your full potential by taking this free assessment: https://sameera-6cctftbt.scoreapp.com

► Facebook Group: https://m.facebook.com/groups/907453686610721t

► Instagram: @in.her.successful.shoes

► Email: sameera@sameerasinghcoach.com

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✔️Summary:

In this interview, Dalene Higgins, the founder of Elevate Finances, discusses her journey from a city job with a pension plan to early retirement and her transition into the world of financial coaching. Dalene shares her motivation for early retirement and the importance of financial planning, especially for Gen Xers.

She talks about the challenges she faced during her working years and the need for disciplined financial management. Dalene emphasizes the importance of having a clear budget and long-term financial planning.

The interview delves into the unique challenges faced by Gen Xers, especially those dealing with divorce or trying to catch up on their finances. Dalene offers advice on managing debt, setting boundaries, and preparing for retirement.

The conversation touches on the importance of changing mindsets and being disciplined with money management. Dalene emphasizes the need to focus on what kind of life you want in retirement and the significance of financial freedom.

Overall, the interview provides valuable insights into retirement planning, financial coaching, and the challenges and solutions for Gen Xers in achieving financial independence.

⭐️About Dalene:

Dalene Higgins, the founder of Elevate Finances, is a dedicated financial coach specializing in helping Gen Xers achieve their financial goals. With a background in accounting and an MBA, Dalene brings a wealth of financial expertise to her role. Having retired after 32 years in the public sector, where she managed a substantial budget, Dalene decided to channel her passion for financial empowerment into helping others.

Dalene's mission is to assist Gen Xers in paying down their debts, formulating savings plans, and regaining control of their finances, ultimately providing the freedom to retire early or live comfortably in the present. She understands the challenges of managing student loans, car payments, and family expenses, and has personally experienced the transformation from financial stress to the realization that financial freedom is attainable. Dalene is committed to sharing her knowledge and strategies to make financial stability and early retirement achievable for her clients.

💜 Where to find Dalene:

► Website: https://www.elevatefinances.us/

► LinkedIn: https://www.linkedin.com/in/dalenehiggins

► Instagram: https://www.instagram.com/elevate_finances/

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✔️Summary:

In this episode, Bob Hunter, the founder and CEO of consulting firm Oxford Pierpont, discusses his journey from being a corporate employee to becoming an entrepreneur. He highlights his journey of resilience and determination in the face of adversity, including facing unemployment due to health issues. Bob reveals that he started his consulting business out of necessity and had to adapt to his changing circumstances, including learning how to read again. He also discusses the range of services his consulting company offers, which includes web development, business development, and financing solutions for a diverse clientele.

Bob emphasizes the importance of business administration, including setting up the right legal structure and maintaining a clear separation between personal and business finances. Throughout the conversation, Bob provides advice for aspiring entrepreneurs, highlighting the significance of healthy credit and competitive research.

He also shares his life goal which is to build vertical farms to combat food deserts and provide healthy food for free through a non-profit organization. Bob discusses the potential revenue streams of this non-profit, such as selling produce to grocery chains and restaurants.

The interview sheds light on Bob Hunter's personal and professional journey, his goals, and his passion for creating a positive impact on society.

⭐️About Bob:

Bob is an Experienced Director Of Operations with a demonstrated history of working in the executive office industry. Strong operations professional skilled in Business Planning, Operations Management, Microsoft Word, Sales, and Event Management.

Bob lost his vision in 2016 due to sickle cell disease and lost his job. Within six months, he started his own business called Oxford Pierpont, offering business development, marketing, financing and consulting services.

💜 Where to find Bob:

► Website: oxfordpierpont.com

► LinkedIn: linkedin.com/in/mrbobhunter

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✔️Summary:

In this podcast episode, the guest, Tom Giusti, shares his own experiences working in the banking and mortgage industry for over 25 years and how he became a personal finance podcaster “by accident”. We delve into various topics including Tom's journey into the world of podcasting, personal finances, his professional background, and his book Game Changer.

Tom talks about the inspiration behind his podcast, which covers a wide range of personal finance topics, including budgeting, goal setting, and debt reduction. Tom explains that his inspiration comes from interactions with his clients, answering their financial questions, and helping them improve their financial situations.

The conversation shifts towards Tom's plans for the future, including the possibility of starting a financial coaching company to help individuals with their financial challenges. Tom emphasizes the importance of finding a trustworthy financial coach who can provide personalized guidance.

Tom concludes by highlighting the significance of mindset and the willingness to change as crucial factors in achieving financial success. He encourages listeners to take control of their finances and make necessary changes to secure a better financial future.

⭐️About Tom:

In 2019, Tom Giusti excelled as a Personal Banker II with Fifth Third Bank, earning recognition as a top producer. Beyond his dedication to his family, Tom has a profound passion for music. His musical journey began at the age of 17 when he co-founded the National Independent Recording Artist "Soul Fisher" in the mid-90s. This endeavor led Tom to embark on several North West US Tours, and in 1995, he toured nationally from California to New York to support their first independent release, "In a faithless world." Along the way, Tom had the privilege of opening for notable acts such as Jars of Clay, Bloodgood, Tourniquet, Guardian, Dove award winner Lisa Daggs, and many others. Their single "Let it Rain" from the album consistently held the #1 position on independent music charts for weeks. Continuing his musical journey, Tom continues to write, play, and perform regularly with his cover band "Beauty From Ashes," where he takes the lead alongside his wife. In addition to his music endeavors, Tom also serves as a college and high school baseball umpire during the spring and summer seasons.

💜 Where to find Tom:

► Podcast: https://podcasts.apple.com/us/podcast/the-simple-money-show/id1513618193

► LinkedIn: https://www.linkedin.com/in/thomas-giusti-8232a224/

► Facebook: https://www.facebook.com/people/The-Simple-Money-Show/100057377082670/

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✔️Summary:

In this episode, we discussed the fascinating journey of Jay, a financial expert, as he shares his personal and professional experiences. From starting with a million dollars at 21 to losing it all at 25, Jay's story is filled with valuable lessons. He discusses the importance of financial literacy and the challenges faced by those living a child-free lifestyle.

Jay's passion for helping others gain financial literacy led him to create a unique business model. He emphasizes the significance of coaching and education in managing personal finances. As Dave Ramsey famously stated - personal finance is 80% behavior and only 20% head knowledge. Jay believes that the best way to teach personal finances is through personalized coaching.

In this interview, Jay also sheds light on the challenges faced by child-free individuals in healthcare and government systems and his efforts to find solutions. He is the author of the book Portraits of Childfree Wealth.

⭐️About Jay Zigmont, Ph.D., CFP®:

Dr. Jay, and his wife are Childfree and live in Water Valley, MS. He has a Ph.D. in Adult Learning from the University of Connecticut and is a CERTIFIED FINANCIAL PLANNER and Childfree Wealth Specialist. He is the founder of Live, Learn, Plan, and Childfree Wealth, a life and financial planning firm specializing in helping Childfree Individuals. He has been featured in Fortune, Forbes, Business Insider, Woman's World, Investors Business Daily, FinancialPlanning, and many other publications.

💜 Where to find Jay:

► Website: https://childfreewealth.com

► LinkedIn: https://www.linkedin.com/in/jayzigmont/

► Instagram: https://www.instagram.com/childfreewealth/?hl=en

► Facebook: https://www.facebook.com/jayzigmont/

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✔️Summary:

In this episode, I interviewed Liz Rossof, an RE/MAX realtor based in Denver, Colorado. Liz shares her transition from an art and technology background to becoming a real estate agent in Denver. She talks about Denver's changing real estate market, challenges faced by homebuyers, and strategies to navigate it, including understanding zoning and creating clean offers. Some other wonderful topics covered in the interview includes:

Liz explains “house hacking”, which means turning your property, especially your primary residence, into a monetizing opportunity. House hacking can range from renting out a room in your home to buying duplexes, triplexes, or buildings to become a landlord and offset your mortgage.
She discusses the impact of awards like the Watson Fellowship and Jacob Javits Fellowship on her work ethic and client approach.
Liz emphasizes the importance of providing excellent service and leveraging word-of-mouth referrals.
Liz shares her story of creative marketing by engaging with the community who share a passion for pets.
Liz envisions continued growth in the real estate business, potentially expanding her team and offering educational programs.
A book recommendation: "The Go-Giver" by Bob Burg and John David Mann, emphasizing the value of giving to receive.
You can find more about Liz on her website denvernook.com, which includes a blog called "Notes from the Nook" with tips on Denver and real estate.

⭐️About Liz:

Liz loves pop-culture, what's new, and what’s trending in food, fashion, business, and technology. However, when it comes to real estate, what excites her the most is the highest quality in design and aesthetically timeless properties. When selling a home, she brings a lifetime of love for real estate, complemented by 28 years of experience in marketing, design, and technology. This combined background provides her with a unique edge, allowing her to think out-of-the-box and utilize the necessary tools to ensure homes stand out in the market and attract the desired offers.

Liz holds the title of Accredited Buyers Representative®, and her greatest personal reward as a Realtor® is turning renters into homeowners. Having lived on both coasts of the US and abroad, she takes pride in being a Denverite now, where she appreciates the abundant offerings of the city. Liz is always ready to assist newcomers in discovering Denver's charms; she encourages them to call her for guidance. Fluent in Spanish, she dedicates her free time to swimming at Carla Madison and volunteering with rescue dogs when she is not working.

💜 Where to find Liz:

► Website: https://www.denvernook.com/

► LinkedIn: https://www.linkedin.com/in/lizrossof/

► Instagram: https://www.instagram.com/lizrossof/?hl=en

► Facebook: https://www.facebook.com/DenverLiz/

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✔️Summary:

In this episode, I interviewed Jason Brown, who runs an education company teaching people how to trade and manage finances. Jason shares his personal journey, starting with trading $10,000 from a student loan, and eventually building a six-figure trading company at a young age. He talks about his humble background and early exposure to financial disparities.

Jason learned trading through self-teaching, observing stock market patterns, and gradually refining his skills. He emphasizes that trading is about taking advantage of momentum and price actions, not attempting to time the market perfectly. He uses options to hedge against potential losses and talks about using knowledge of market patterns to make well-informed trades.

His YouTube channel and podcast were born out of a desire to educate others and help them navigate the stock market. He focuses on simplifying trading concepts and addressing the mindset challenges that often hinder people from succeeding in the market. Jason encourages people to believe in themselves and dispels the misconception that they are not good with money.

For beginners, he advises giving themselves more credit and not being intimidated by the stock market. He stresses that the stock market offers opportunities for everyone, regardless of their financial background or expertise. He also highlights the importance of education and learning from experienced traders.

⭐️About Jason:

Jason is a finance graduate from Wayne State University with over a decade of experience in stocks and options trading. At the young age of 23, Jason started trading with a $10,000 student loan and grew it into a six-figure trading account. His passion for teaching others about stock market investing led him to create his own online education company “Power Trades University” which has helped thousands of students worldwide to start investing.

Jason is an active YouTuber with over 80,000 subscribers and his videos have reached over 1 million views. He is also the host of the “Money, Markets and Mindset Podcast”. Jason believes that anyone can profit from the stock market if they know what to look for, and how to spot low-risk but high-reward times to buy and sell combined with the right option strategies to supercharge returns and minimize risk.

💜 Where to find Jason:

► Website: https://thebrownreport.com/

► LinkedIn: https://www.linkedin.com/in/jasonbrown1124/

► Instagram: https://www.instagram.com/brownreport/

► YouTube: https://www.youtube.com/thebrownreport

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✔️Summary:

In this interview, Mariusz Skonieczny discusses the concept of microcap investing, which focuses on small companies with market caps below $100 million. Mariusz explains that large institutional investors tend to overlook these companies due to their smaller size and prefer to invest in well-known, large-cap companies like Microsoft or Tesla. However, individual investors can find opportunities in the microcap space because of the higher probability of mispricing and the lack of interest from big financial institutions.

Mariusz emphasizes the importance of conducting thorough due diligence when investing in microcap companies. He suggests looking beyond the publicly available information and directly engaging with company management, former employees, and other investors to gain a comprehensive understanding of the business. He also highlights the importance of having a long-term perspective when investing in microcap companies and staying patient as these investments may take years to materialize.

The conversation also touches on the idea of value investing and the need to remain open-minded about investment opportunities. Mariusz shares an example of investing in a cannabis company despite initial reservations, based on a unique opportunity that presented itself.

⭐️About Mariusz:

Mariusz has been focusing on investing in microcap and small cap companies since 2008/2009. He believes that these companies offer great opportunities for outsized returns because there is barely any competition in this space. The investment industry ignores microcap and small cap companies, which means that there is less competition for these investments. Over that time period, Mariusz has generated a 400X return on his investments. This was not easy and there was definitely some volatility along the way. However, Mariusz believes that the potential rewards are worth the risks. If you are looking for investments that others are not willing to take, then microcap and small cap companies may be a good option for you. Mariusz also offers a private membership website called MicroCap Explosions, where he shares his portfolio picks with write-ups, CEO interviews, and continuous updates. However, if you are a traditional investor who prefers to invest in companies that everyone else is talking about, then MicroCap Explosions is not for you. Mariusz believes that if you hear about an investment on TV, then it is probably too late to invest in it.

💜 Where to find Mariusz:

► Website: https://microcapexplosions.com/

► YouTube: https://www.youtube.com/@SkoniecznyMariusz

► X (fka Twitter): Mariusz Skonieczny (@ClassicValueInv)

►LinkedIn: linkedin.com/in/mariuszskonieczny

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✔️Summary:

In this interview, I spoke with Rocky Lalvani, a business consultant and Profit First Professional, about his unique approach to helping entrepreneurs and small business owners grow their businesses profitably. Rocky emphasized that while traditional accounting and bookkeeping services focus on managing transactions and preparing taxes, his main priority is to drive profitability for his clients.

Through his hands-on experience and access to profit specialists worldwide, Rocky shared that he has the necessary strategies to make businesses more profitable than ever before. With a focus on the bottom line, Rocky's approach offers a refreshing perspective to entrepreneurs looking to achieve financial success in their ventures.

Rocky also provided valuable insights on personal finance topics including:

Compound interest: The idea that the interest you earn on your money can also earn interest, which can lead to significant growth over time.
The importance of starting to invest early: The earlier you start investing, the more time your money has to grow, which makes a huge difference in the long run.
Changing the mindset about investing being complicated: Investing doesn't have to be complicated. There are many simple and low-cost investment options available.

⭐️About Rocky:

Rocky Lalvani is a Profit First Professional, Fractional CPO (Chief Profitability Officer), and Founder at Profit Comes First, which helps entrepreneurs and small businesses achieve financial success. His services extend beyond traditional accounting and bookkeeping to include business strategy consulting, aiming at transforming small businesses from pure passions into strategic, profitable enterprises.

He is the host of the "Profit Answer Man" podcast and a Group Facilitator for the "Iron Sharpens Iron Mastermind." Rocky is also a real estate investor and held sales positions at prominent pharmaceutical companies. He is dedicated to driving profitability, sharing valuable knowledge, and empowering individuals.

👉🏼 Where to find Rocky:

► Website: https://profitcomesfirst.com/

► LinkedIn: https://www.linkedin.com/in/rocky-lalvani/

► “Profit Answer Man” Podcast: https://podcasts.apple.com/us/podcast/profit-answer-man-implementing-the-profit-first-system/id1508245322

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✔️Summary:

In this episode, Colleen Gillam-Judd, a Canada based Certified Financial Planner, discusses interesting topics in financial planning, as well as her personal journey in this industry.

► Colleen started her career as a financial advisor in 2008, right before the financial crisis, which gave her valuable experience in managing money during difficult times.

► She realized that focusing on clients' goals and creating a financial plan was more important than just seeking high rates of return.

► Colleen emphasizes the importance of financial planning and understanding what clients want their money to do for them, whether it's for retirement or other goals.

► During market downturns, she educates her clients about the normalcy of market corrections and emphasizes the long-term perspective to help them weather the ups and downs.

► Colleen recommends dollar-cost averaging as a strategy, automating regular contributions to investment accounts to take advantage of market fluctuations over time.

► She acknowledges the advancements in technology, which have increased access to market information and commentary but highlights the importance of focusing on clients' specific goals rather than stock picking, which should be the focus of a portfolio manager as opposed to a financial planner like herself.

► Regarding alternative investments like cryptocurrency, Colleen believes in understanding the risks and ensuring clients are fully aware before recommending such investments. She emphasizes the importance of comprehending how an investment will generate returns before providing advice.

Overall, Colleen's approach centers on understanding clients' goals, creating financial plans, educating clients about market fluctuations, and focusing on long-term strategies for wealth management. She values continuous learning and collaboration with colleagues while prioritizing clients' best interests. She loves being part of the celebrations of key milestones associated with clients’ financial journey, but also recognizes estate planning is important and inevitable.

⭐️About Colleen:

For over 15 years, Colleen has dedicated her career to being available for those who want more, money, freedom, protection, advice, guidance, and peace of mind; all achieved by her unique ability to lessen the noise.

Openly, Colleen brings her four fundamental values to every client

Holds the financial industry to a higher standard
Breaks down the complicated by incorporating their personal situation
Clearly presents their options for investing, protecting, and health
Lastly, helps money not be on the "fight" list at home

Experience has taught her that the two most successful pillars of success in financial freedom are making money and keeping it.

Colleen wants you to have the confidence to make decisions so that you run your money - it doesn't run you.

💜 Where to find Colleen:

► LinkedIn: https://www.linkedin.com/in/colleen-gillam-judd-cfp/

► Website: https://juddwealth.ca/

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✔️Summary:

In this interview, 23 year old Karl Swanepoel, the Founder and CEO of Revolancer, discussed the vision and success of his tech startup. Revolancer is a rapidly growing freelance marketplace, boasting a user base of over 20,000 individuals. ⚡

The core mission of Revolancer revolves around empowering freelancers, businesses, and independent professionals, offering them freedom in their work lives. The offering that sets Revolancer apart is that users are not burdened by the high commission fees that traditional freelance platforms often impose. ☝

By using a subscription model, Revolancer aims to provide an attractive alternative for freelancers and businesses seeking cost-effective solutions. Karl emphasized that Revolancer seeks to foster a collaborative environment where freelancers can connect with clients directly via video chat, for example, enabling them to more effectively exchange services and keep a more substantial portion of their earnings. Great news is that Revolancer is going to make the product completely free in the near future in order to substantially grow the user base. 📈

Karl and I also had an interesting discussion on artificial intelligence (AI), which is part of his educational background. Contrary to what many people believe, while Chat GPT may seem impressive, it is actually quite limited in its ability to operate independently from humans. Chat GPT is not sentient and does not think like a human at all. Period. Automation, not necessarily AI related, has indeed taken jobs away in the past decades already. However, these are mundane tasks that do not require any advanced skills, like automated cash registers. Similarly, AI can expect to free us from lower level tasks and focus on what is truly meaningful. 🏆

⭐️ Where to find more about Karl:

► Revolancer website: https://revolancer.com/

► Karl’s website: https://karlswanepoel.com/

► Karl’s LinkedIn: https://www.linkedin.com/in/karlswa/

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✔️Summary:

I had the pleasure of interviewing Lindsey Bomgren, the passionate founder of Nourish Love Move, and a fitness trainer specializing in pre- and postnatal workouts for moms who want to stay healthy and active throughout their pregnancy and beyond. During the entire course of the interview, I was simply amazed at her dedication to fitness content creation and her role as a fitness trainer, bringing workouts directly to people's homes through various platforms.

During our interview, Lindsey shared her journey of building Nourish Move Love and her unique approach to supporting moms on their fitness journeys.

She also shared many interesting and helpful tips on how to build a business like hers:

► Run it like a business from Day 1

► Strategically plan your content with search engine optimization (SEO) tools

► Constantly adapt and learn

► Join groups of like-minded people

► Pay it forward by sharing knowledge with other aspiring women entrepreneurs

And so much more!

⭐️About Lindsey:

Lindsey's focus on pre- and postnatal fitness is evident in her work, and is indeed one of the key elements that sets her apart from competitors. She emphasizes the importance of catering to the unique needs of moms during these stages of their lives. Her workouts aim to help moms stay strong, maintain their fitness levels, and enjoy a healthy and active lifestyle throughout their pregnancy and beyond. Lindsey's expertise in strength training, high-intensity interval training (HIIT), circuit training, barre, and cardio barre allows her to create diverse and effective workouts that cater specifically to the needs of moms.

The Nourish Love Move blog serves as a hub for moms to access Lindsey's workouts and fitness content. Through her blog and YouTube channel, Lindsey provides a variety of workout routines and fitness resources, enabling moms to exercise conveniently at home. Her workouts are designed to be time-efficient, allowing busy moms to fit them into their daily routines. Lindsey's approach is both engaging and empowering, motivating moms to prioritize their fitness and well-being.

💜 Where to find Lindsey and Nourish Move Love:

► Blog: https://www.nourishmovelove.com/

► YouTube: https://www.youtube.com/@nourishmovelove

► Instagram: https://www.instagram.com/nourishmovelove/

► Pinterest: https://www.pinterest.com/nourishmovelove/

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✔️Summary:

In this Episode, Elisabeth (aka Liz) Cardiello shares her journey of creating Caffe Unimatic and finding purpose through her grief process of losing her father early. She talks about the challenges she faced in building Caffe Unimatic, finding mentors who saw her for who she was, and incorporating coffee as a conduit for conversation to help young women build confidence. Such experiences led her to create her second company, Brave Conservations. Liz’s second-to-none enthusiasm is the reason for her success in opening up many doors while growing her businesses. Lastly, she humbly admits that while not a master of marketing or anything related, she continues to learn and grow in both Brave Conversations and Caffe Unimatic, using her authenticity and deep purpose as the driver.

⭐️About Liz:

Liz Cardiello is the founder of Caffe Unimatic, a coffee company that offers high-quality, sustainable coffee to consumers. Liz is a social entrepreneur who is committed to promoting gender equality and entrepreneurship. Growing up, Liz was inspired by her father’s entrepreneurial spirit. After losing her father, she found 5000 Unimatic coffee pots, which her father invented, while cleaning up his “inventory closet”. This led her to create Caffe Unimatic as a way to continue her father’s legacy and provide a unique coffee experience to consumers. Liz has continued to spread her passion for coffee and social entrepreneurship, as well as her commitment to sustainability and gender equality. She and her story have been featured on TedX, Netflix, Forbes, NBC, GoDaddy, etc.

💜 Where to find Liz:

► Caffe Unimatic: https://www.caffeunimatic.com/

► Brave Conversations: https://www.braveconversationsovercoffee.com/

► Instagram: https://www.instagram.com/caffeunimatic/

► LinkedIn: https://www.linkedin.com/in/elisabethcardiello/

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✔️Summary: In this episode, show guest Adam Carroll shares his valuable advice on paying off debt, building wealth, and building a bigger life that frees you from a W2 job.

⭐️About Adam:

Through the use of The Shred Method, Adam Carroll paid off his home in record time saving over $180,000 in interest in the process. He’s sharing this strategy with the world in order to help people ‘free themselves to be themselves’.

Adam has published four books, produced an award-winning documentary on student loan debt, has a TED talk with over 5 million views, and helps people achieve true financial freedom in their lives. More than financial freedom, Adam is all about helping people achieve time freedom, relationship freedom, and service freedom.

Adam has been a featured speaker on Ted Talk with almost 6 million views, watch it here:

https://www.ted.com/talks/adam\_carroll\_what\_playing\_monopoly\_with\_real\_money\_taught\_me\_aboutmy\_kids\_and\_humanity?language=en

☞ Topics include:

The Shred Method - How To Blast Away Debt in Record Time

Using a HELOC as a Cash Flow Technique

Using Infinite Banking to Build Generational Wealth

How To Make Your Income More Efficient

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✔️An awesome interview with Michelle Marki regarding how she modeled her investing philosophy on Warren Buffett and Charlie Munger.

It was great speaking with Michelle as she is a Podcaster, YouTuber, and value investor, just like me and many millennials! I am thankful for our conversation and hope it will help you along your personal finance journey.

👉 Feel free to check out Michelle's YouTube Channel here: https://www.youtube.com/@MichelleMarki

👉 Michelle's co-hosted podcast:

https://www.michellemarki.com/podcast/

👉 Michelle's website:

https://www.michellemarki.com/

I asked Michelle several questions during this conversation which included:

► Can you tell us about your investing philosophy and how you approach finding value in the market?

► Your channel often features in-depth analysis of individual stocks. How do you conduct research and analysis for your stock picks, and what criteria do you use to determine if a stock is undervalued?

► How do you balance risk and reward when selecting stocks to invest in, and what strategies do you use to manage risk in your portfolio?

► How do you stay disciplined and avoid making emotional decisions when investing in the stock market?

► What was the biggest mistake you made in your investing journey?

► What are the most valuable lessons you learned from Warren Buffett and Charlie Munger?

► What advice would you give to new investors looking to adopt a value investing approach?

► How did you grow your social media presence, including your YouTube channel?

► What other influencers in the value investing space would you recommend?

► What is your favorite book either for investing or personal improvement in general?

⭐️ If you're interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out Michelle's free PDF guide: https://michellemarki.com/resources/

💜 I look forward to connecting with more investor friends! Please like and subscribe if you learned something or enjoyed my video. Thank you! :)

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✔️ Summary: In this episode, Dr. Erin Hudson shared so much gold about the benefits of investing in real estate, especially large multi-family rental properties, as a full time real estate professional.

She's had it with working hard as a doctor only to let Uncle Sam take away 50% of her income. When she discovered the power of multi-family investing as a wealth generation and wealth preservation vehicle, she jumped in with both feet - she moved to Texas, sold her chiropractor practice, and focused on being a multifamily syndicator / operator.

She also talked about mindset - one shouldn't find excuses for not being able to do something, but instead, think about "creative" ways to make it happen. If she can achieve what she's achieved, being a full time doctor, a mom of five, and owning a side insurance business, anybody can do it as long as they put their heart to it.

⭐️ About Dr. Erin Hudson:

Dr. Erin Hudson a chiropractor, business owner, licensed financial professional and real estate investor.

Her journey into real estate began when her business coach advised her to delegate the $10-hour jobs in her wellness center and focus on being a doctor. She used the new schedule to venture into real estate and acquired 26 rental properties with her husband over two years. They later created a turnkey company that helped family and friends acquire investment properties. She developed negotiation skills through the process and transitioned to multifamily investing, allowing others to invest in the field.

Erin is a Co-Founder and Managing Partner of Quattro Capital, a multi-family syndicator / operator. She is responsible for cultivating investor relationships and raising capital to fund the acquisition of Quattro properties.

She has also been a licensed insurance professional to help people reach financial freedom. Her passion for giving back and helping others led her to lead a team of 34 insurance professionals.

She is a proud mom of five, an outdoor enthusiast, and a marathon runner. Erin aims to teach financial literacy to her children and help others exceed their financial goals through Quattro Capital.

☞ You can find more about Dr. Erin Hudson: 💕

Website: https://www.thequattroway.com/dr-erin-hudson.

LinkedIn: https://www.linkedin.com/in/dr-erin-hudson-550904a/

Facebook: https://www.facebook.com/erin.c.hudson

Instagram: https://www.instagram.com/erin\_hudson\_7/

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✔️ Summary: In this episode, Pili, an actress turned real estate investor, talks about her amazing journey as an entrepreneur. She started her career as an actress in NYC, worked many different jobs and ultimately decided to get into real estate with her husband Jason. Their venture into real estate has included heavy construction, flipping houses, wholesaling houses, and now multifamily apartment buildings and storage facilities. They also provide education and coaching to aspiring real estate investors. She has so much great advice on having faith in yourself, being authentic, focusing, finding your own path, and more!

⭐️ About Pili Yarusi:

Pili Yarusi loves to help people and “Lead with Aloha”.

She is a founder and Investor Education and Relations Director for Yarusi Holdings, a multifamily investment firm that has acquired over 2000 units valued at $180 Million since 2016. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding. Pili is a co-founder and coach at 7 Figure Multifamily - focusing on Real Estate Syndication and Multifamily Investing and trains others on the success formula for buying apartment buildings at www.7FigureMultifamily.com.

Pili is a co-host of The Multifamily Live Podcast providing actionable content and tools to build and strengthen your multifamily business.

She is also the co-host of The Jason and Pili Guide to Real Estate Investing - a fun and interactive YouTube channel that features all the great things that she and Jason are working on.

She and her husband Jason have three awesome children, Luke, Lily, and Leo, and an English Bulldog, Jill.

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✔️ Teaser: If you read the news at all, you probably remember the bad rap Meta had experienced late last year. Meta is the worst company. Do not invest in Meta. Meta’s Metaverse is garbage. Meta already lost the Metaverse war to Microsoft. Mark Zuckerberg’s net worth dropped by over $ 60 billion in 6 months in 2022.

Hold on a second, despite all that, Personal Finance Cat is talking about investing in Meta??? Well, before you turn me off, spoiler alert, I want to show you how I doubled my money investing in Meta in just a few months, using the formulas inspired by non-other than the Oracle of Omaha, Warren Buffett.

In this episode, I am going to walk you through how I applied the 3 methods described in the best selling book Invested by Danielle Town:

👉 Ten Cap Method

👉 Payback Time Method

👉 Margin of Safety Method

🚨Check out my website at https://personalfinancecat.wixsite.com/personal-finance-cat for blogs and other resources!

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✔️ Summary: In this episode, Vivian Chen talks about her journey climbing the corporate ladder. In particular, she was able to successfully transition from a technical PhD scientist to a strategy and operations professional at a multinational pharmaceutical company. I find it especially fascinating her take on why the pharmaceutical industry may be better than the tech industry, at least for some people, including herself.

⭐️ About Vivian: Vivian is currently the Director of Portfolio and Strategy at AstraZeneca. Prior to AstraZeneca, Vivian was a Senior Consultant within Deloitte’s Supply Chain & Network Operations practice where she successfully advised, implemented, and operated business and digital transformations for life sciences clients. Her other professional accomplishments include eight years of project and product management experience working in the scientific instrumentation industry for corporations including Shimadzu Scientific Instruments, Agilent Technologies, and Bruker Daltonics. During her tenure she managed and supported product development of both custom software and hardware for pharmaceutical and biotech, clinical labs and hospitals, forensic labs, chemical and energy, environmental, consumer packaged goods (CPGs) and university clients. She has supported products and clients in 40+ states in the United States and 4 overseas countries, such as Spain, Germany, China, and Japan.

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✔️ Summary: In this episode, Calanthia Mei, Co-Founder at Masa Finance, talks about her career journey as a female, first-generation immigrant, minority entrepreneur in the fintech and web3 space.

⭐️ About Calanthia: Calanthia's work has been featured on CNBC, Blockworks, CoinDesk, TechCrunch, CoinTelegraph, FinTech TV, Crypto Coin Show, and more.

Prior to Masa, Calanthia has been a serial entrepreneur / investor. She was a founding member of PayPal’s Venture Capital arm, a Venture Partner at SoGal Ventures, an Investment Partner at the Community Fund, as well as the Vice President of Business Development at Fast.

►About Masa: As a web3 soulbound identity protocol, Masa is on a mission to bring the next 1 billion people to web3 by building the identity passport for users and developers.

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✨ In this episode, we have Kelly An, a web 2.5 startup founder based in Singapore, to talk about her experience going from a software engineer, to venture capital investor, to startup founder. Her journey covers China, United States (both east and west coasts), France, Singapore, and wherever else it may take her!

👉 About Kelly: Kelly An is a software engineer, impact investor, and experienced community builder. At PayPal, she was recognized with the Top Inventor Award for two consecutive years, co-authored two patents, and was a leading member of its Singapore global headquarters’ Innovation Lab team. As a Chapter Head of SoGal Foundation and Limited Partner in SoGal Ventures and Hustle Fund, she helps to empower diverse entrepreneurs around the world. She holds a MBA from INSEAD, two bachelor degrees in Computer Science and Psychology from top U.S institutes. She was a scholarship recipient to attend Stanford University's 500 Startup's VC Executive program. Now she’s building a web2.5 startup to help traditional brands to explore the web3 marketing solution to create a deep engagement and loyal with their customers.

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Evelyn is currently a Software Engineer at Microsoft. She changed her career from political science, to international development, to software engineering. It took her 17 months to break into tech by teaching herself how to code while having a full time job and raising two kids. She first got accepted into the Microsoft LEAP Apprenticeship Program in less than one year after she wrote her first “Hello world!” program in Python. She came to the US for college all by herself more than a decade ago, and worked really hard to become a successful career woman, in the field of her dreams. Her story is truly inspiring, and I hope you enjoy listening to this episode!

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Summary:

What excites me the most about the Metaverse is the fact that with the brand new platform (aka web 3.0), there will be brand new business opportunities. Web1.0 and web 2.0 brought about all the amazing businesses we know and love (or love to hate) today. It added so much convenience (think about search), liberated people from traditional career paths (think about social media), and elevated how traditional businesses operate (think about websites and apps). Web3 is what many people, myself included, believe can take everything to a whole other level. If you are excited about this as well, then listen on because I will share some brand new business ideas that were not available previously in web 1.0 or web 2.0.

References:

Mark Zuckerberg interview on the Joe Rogan Podcast
https://www.shopify.com/blog/shopify-ar-examples
VR AR Association

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Summary:

In this episode, we’re going to talk about another exciting opportunity in the Metaverse industry - manufacturing hardware such as VR headsets. Do you know that among all the billionaires in the world, one of the top 3 industries is manufacturing? I don’t know about you, but I always thought the top industry would be tech by far, but turns out, according to Forbes, of the the 2,668 billionaires on Forbes’ 2022 World’s Billionaires list, the top 3 biggest industries are actually finance/investment, manufacturing, and tech, in that order. In other words, the manufacturing industry produced more billionaires than tech, at least for 2022. As they say, you should choose your profession carefully. Well, if you want to choose a business to own and operate, the same line of thinking applies. Listen to this episode to find out how you can start a manufacturing business for the Metaverse!

References:

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Summary:

Do you want to be the founder of the next Nest, Zoom or Coinbase, but in the Metaverse industry? These founders are all billionaires now but they started out just as you and I - working as an employee for some company they do not own. So if you want to be a Metaverse entrepreneur, maybe get a job in a Metaverse company first! Listen to this episode to find out how!

References:

Forbes Article: Age And Entrepreneurship: Research Shows Average Age Of Successful Founders Is Older Than You Think

https://www.forbes.com/sites/markhall/2018/10/16/age-of-successful-founders/?sh=237d4ffa1b87

Freecodecamp.org Youtube Channel

https://www.youtube.com/@freecodecamp

Non-Coding Tech Jobs that pay $100k + in 2022 (6-FIGURE TECH JOBS WITHOUT CODING) by Mo Salhan

https://www.youtube.com/watch?v=c8oLHzW2qFU

Top Non-Coding Tech Jobs that pay $100k+ in 2022 (6-FIGURE TECH JOBS WITHOUT CODING) by Tiff in Tech

https://www.youtube.com/watch?v=nFsq-wE\_to0

In Demand Tech Jobs (No Coding) by Bukola

https://www.youtube.com/watch?v=yEHSFVEkW4Y

Wikipedia on Chamath Palihapitiya

https://en.wikipedia.org/wiki/Chamath\_Palihapitiya

Wikipedia on Sheryl Sandberg

https://en.wikipedia.org/wiki/Sheryl\_Sandberg

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Summary:

Would you pay for something that does not exist in the physical world? Well, in a sense we all do that nowadays - movies, music, games are all digital products and we have been buying and consuming them for years. If you are a gamer, you also know that people have been buying stuff in video games, not just the game itself, but other so-called in-game purchases like extra lives, hints, one-time features, or in-app currency like tokens.So what’s different for digital products in the Metaverse? Well, not really anything that different, but better! Why? Well, there are several reasons, and I will break them down for you in this episode.

References:

Cashing in on the Metaverse: How designers are making money on Web 3.0

https://www.youtube.com/watch?v=7cvmXaGWT-M

How to make Wearable UGC Accessories (NEW) {2022} [ROBLOX]

https://www.youtube.com/watch?v=pWBHkIz5GZc

Avatars need their nails done, too. Enter the Metaverse side hustle

https://www.nbcnews.com/business/business-news/Metaverse-make-money-avatars-decentraland-rcna41336

Horizon Worlds Announcement on Monetization Tools Test

https://www.engadget.com/horizon-worlds-monetization-tools-test-220033094.html

Why the Metaverse Is Fashion's Next Goldmine | The Business of Fashion Show

https://www.youtube.com/watch?v=UBZ6Bd0LDjs

Get A Tour Of The Metaverse Retail Experience

https://www.youtube.com/watch?v=0OtIM0L7lLo

Virtual Products & NFTs in the Metaverse

https://www.threekit.com/how-to-sell-virtual-products-in-the-Metaverse

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Summary:

Before social media was created, there was no such a thing as an influencer. But now of course, being an influencer is a legit business venture, and it’s getting very competitive in all of the popular platforms. Metaverse is offering you another chance! Except there is one caveat, Metaverse is not quite here yet, at least not completely. So how can I become an influencer in the Metaverse, you ask?

In this episode, we are going to break down the three ways of influencing in the Metaverse, even without the Metaverse being completely here, yet.

References:

AJ Marketing Article - Top 17 Metaverse Influencers to Follow

https://www.ajmarketing.io/post/top-17-Metaverse-influencers-to-follow

SensoriumXR Article - How to Enter the Metaverse

https://sensoriumxr.com/articles/how-to-enter-the-Metaverse

LifeStyle Asia Article - Influencers in the Metaverse

https://www.lifestyleasia.com/ind/gear/tech/influencers-in-the-Metaverse/

YouTube Tutorial on How to Display Your NFTs in Decentraland

https://www.youtube.com/watch?v=ERaZjBhxYEM

YouTube Tutorial on Getting Started with Mozilla Hubs

https://www.youtube.com/watch?v=5QnOsyyebEQ

YouTube Tutorial on Engage VR for Training and Collaboration

https://www.youtube.com/watch?v=Zo5tOYli9as

Mark Zuckerberg Interview on the Joe Rogan Experience Podcast

https://open.spotify.com/episode/51gxrAActH18RGhKNza598

Thrill Seeker YouTube Channel

https://www.youtube.com/c/ThrillSeekerVR

Lil Miquela Instagram Page

https://www.instagram.com/lilmiquela/?hl=en

Nobody Sausage Instagram Page

https://www.instagram.com/nobodysausage/?hl=en

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Summary:

Interested in education in the Metaverse as a creator? Good news, it is already here. Listen to the episode to find out what resources are out there ready to be used, and what training is available for you to take in order to learn more about education in the Metaverse. We are still in the first inning, so as they say - sky’s the limit! There is so much impact you can potentially make!

References:

A Whole New World - Education Meets the Metaverse:

https://www.brookings.edu/research/a-whole-new-world-education-meets-the-metaverse

Meta Immersive Learning:

https://about.meta.com/immersive-learning

Medium Article about the Metaverse App:

https://medium.com/metaverseapp/you-can-create-magic-in-the-classroom-951d068f365c

Metaverse App:

https://studio.gometa.io

Metaverse App’s YouTube Channel:

https://www.youtube.com/channel/UCum7uPJBXug0HfqNi4AfQmQ

What Will Learning in the Metaverse Look Like:

https://www.gse.harvard.edu/news/uk/22/06/what-will-learning-metaverse-look

An Introduction to Learning In the Metaverse (April 2022):

https://static1.squarespace.com/static/5ebf125cd7828b7fb425e1d7/t/624dbe595a03ab107733782e/1649268749694/IntroductionLearningMetaverse-April2022-MeridianTreehouse.pdf

The Metaverse Is Already Here, and K–12 Schools Are Using It for Education:

https://edtechmagazine.com/k12/article/2022/06/metaverse-already-here-and-k-12-schools-are-using-it-education

Meta Spark AR Curriculum:

https://sparkar.facebookblueprint.com/student/catalog

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Summary:

In this episode, I talk about how to become a mearaverse technical expert. I’m not a coder, so I speak from a layman perspective. I more so want to make the case that it’s a no-brainer that if you’re already a coder or programmer or software engineer or in any other tech career, you should really start learning how to channel your skills to make them relevant for the metaverse, if you haven’t done so already. Or, you could be interested in the tech space and thinking about joining this exciting field, then this episode will be helpful for you too. You will find some motivations as well as helpful resources to help you get started to develop your metaverse technical expertise!

References:

Informative article about how to become a metaverse developer:

https://metaverseinsider.tech/2022/07/27/how-to-become-a-metaverse-developer-get-a-job-in-2022/

Mckinsey & Company’s Report: https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf
Citi’s Report:

https://icg.citi.com/icghome/what-we-think/citigps/insights/metaverse-and-money_20220330

Suboptimal Engineer video titled “Introduction to the Metaverse for Software Engineers”:

https://www.youtube.com/watch?v=gnlYZXuN2vU

Harvard Business Review article:

https://hbr.org/2022/04/how-the-metaverse-could-change-work.

Dev the Metaverse video titled “Let's start your Metaverse developer career!”:

https://www.youtube.com/watch?v=pAiKIdqqrsQ&t=185s

Justin P Barnett video titled “What Do I Need to Become a VR Developer?”:

https://www.youtube.com/watch?v=oqXBY51KP5A

Freecodecamp 16 hour course titled “Solidity, Blockchain, and Smart Contract Course – Beginner to Expert Python Tutorial”:

https://www.youtube.com/watch?v=M576WGiDBdQ

Freecodecamp 32 hour course titled “Learn Blockchain, Solidity, and Full Stack Web3 Development with JavaScript”:

https://www.youtube.com/watch?v=gyMwXuJrbJQ

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Summary:

If you are like me, who does not know how to code, or know anything about design or architecture, but are still very interested in learning about the Metaverse, then this episode is for you. Listen on to learn how to get started to become a Metaverse consultant.

References:

Boston Consulting Group's Metaverse Consulting Service Offerings

https://www.bcg.com/capabilities/digital-technology-data/emerging-technologies/metaverse-services

Forbes' Metaverse Reading List

https://www.forbes.com/sites/cathyhackl/2022/07/15/the-metaverse-summer-reading-list-here-are-the-books-every-professional-should-read-this-summer/?sh=425c3ef2d5ea

Value Creation in the Metaverse by McKinsey & Company

https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/value-creation-in-the-metaverse

Top 5 Online Courses on Metaverse

https://medium.com/blockchaincouncil/top-5-online-courses-on-metaverse-for-beginners-in-2022-188e87cf50d4

Shopify President Finkelstein on E-Commerce in Metaverse

https://www.youtube.com/watch?v=fdILv8Jdd0Q

Metaverse Marketing Podcast

https://www.adweek.com/category/metaverse-marketing-podcast/

Interview with Matthew Ball

https://www.youtube.com/watch?v=q0Vvse_3cQk

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Summary:

Are you someone who has a knack for aesthetic beauty? Have you been getting compliments on your good tastes? Do you regularly have ideas in your mind to decorate your house? If that sounds like you, listen to this episode to find out how you can take advantage of the first inning of the burgeoning Metaverse to become a designer or architect there.

References:

Decentraland’s call to action

https://decentralandarchitects.com/how-to-become-a-metaverse-architect/

What skills you need

https://www.dumblittleman.com/metaverse-architect-job/

Meta Certified Spark AR Creator free course

https://www.facebookblueprint.com/student/collection/291404

Coursera Course to become a Google Certified UX designer

https://grow.google/certificates/?utm_source=gDigital&=paidha&utm_campaign=sem-bk-gen-phr-glp-br&utm_term=google%20training%20certification&gclid=Cj0KCQjw08aYBhDlARIsAA_gb0cVzRmrnlgJb1qeBTNdsY1z5cB4eJnmNJ_GoLG2nQrUPIYIvXuyrr8aAoQgEALw_wcB#?modal_active=none

Other references:

https://www.editorx.com/shaping-design/amp/metaverse-design
https://www.archdaily.com/968905/architecting-the-metaverse
https://www.coursera.org/lecture/digital-fashion-reality/fashion-design-in-the-metaverse-SjIJF?utm_source=link&utm_medium=page_share&utm_content=vlp&utm_campaign=top_button

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In this episode, I talk about the top 5 metaverse companies to invest in based on my research. When I researched this topic, I found quite a few good sources. While this is not meant to be financial advice, I soon realized that there are some clear patterns from the financial advice type of websites. At the end of the day, the top companies these various sources recommend overlap heavily. My final shortlisted 5 companies is based on these following sources:

https://seekingalpha.com/article/4479232-7-best-metaverse-stocks-2022
https://money.usnews.com/investing/slideshows/metaverse-stocks-to-buy
https://www.nasdaq.com/articles/7-best-metaverse-stocks-to-invest-in
https://www.kiplinger.com/investing/stocks/603552/7-metaverse-stocks-for-the-future-of-technology

Other references:

https://techcrunch.com/2017/04/13/instagram-stories-bigger-than-snapchat/
https://www.youtube.com/watch?v=jUfCr3hz9FE

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Yes, I decided to dedicate a whole season, consisting of approximately 10 to 15 episodes, to the single topic, Metaverse. I talked about the 10 business opportunities in the Metaverse in Episode 11 of the Personal Finance Cat Podcast. But in this season, I’m planning to dive deep into each of the 10 opportunities and more.

Listen to this trailer and stay tuned for more!

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Welcome to PFC's Metaverse Season, Episode 1.

Unfortunately, the headline these days is that metaverse real estate is experiencing some “severe meltdown”, similar to cryptocurrencies and NFTs (or non fungible tokens).

Why was there a hype to begin with, and where is it headed now? Listen to this episode of the Personal Finance Cat Podcast to find out, and you may be surprised to hear what my recommendation is at the end.

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Summary:

In this episode, I will try to explain to you what NFT (or non fungible token) is, how the NFT market has been in the last year or two, and what is happening to most NFTs’ prices now. Should you invest in NFTs? Listen to the episode to find out!

References:

https://en.wikipedia.org/wiki/Non-fungible_token
https://cointelegraph.com/news/22-year-old-indonesian-boy-makes-1m-by-selling-nft-selfies-on-opensea
https://en.wikipedia.org/wiki/Bored_Ape
https://cyberscrilla.com/how-non-fungible-tokens-are-changing-sports-forever/
https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid-of-just-280/
https://www.forbes.com/sites/jeffkauflin/2022/04/14/why-jack-dorseys-first-tweet-nft-plummeted-99-in-value-in-a-year/?sh=1a82234a65cb
https://beincrypto.com/nft-marketplace-volume-12-billion-2022-lows/

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In this episode, I want to explain to you why gas prices are so high, and unfortunately, will remain high for a while, from the economics perspective. The reason may not be what you think, or what the mainstream media try to make you think.

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Summary:

In this episode, I am sharing with you an introduction to cryptocurrency, because I believe good timing has come to get (back) into crypto. I want to give you some interesting background on why cryptocurrency was created, whether it is technically "currency", and some advice on how to invest. The episode ends with a word of caution.

Reference:

Why is Bitcoin’s supply limit set to 21 million? (https://decrypt.co/34876/why-is-bitcoins-supply-limit-set-to-21-million?amp=1)
Why do many economists not consider crypto as money? (https://youtu.be/KwoaqD7JLdA)

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Want to know the one thing I did to become a millionaire by age 35? The one thing is NOT:

Getting a high paying job
Inheriting a bunch of money
Winning a lottery
Buying Tesla stocks and/or Bitcoin and held long term

Curious? Listen to the end of this episode to find out the one simple (but not easy) thing I did to allow me to grow my net worth in less than 10 years from negative to $1 million+.

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I’ve once heard that one of the key differences between the wealthy and the poor is how often they read - the wealthy are always learning and one of the best ways to learn is by reading; in comparison, the poor think the end of schooling is the end of learning and would rarely read. According to CNBC - Those who read seven or more books per year are more than 122 percent more likely to be millionaires as opposed to those who never read or only read one to three books per year. Take one of the most wealthy men in the world, Bill Gates, who reads 50 books a year, or Warren Buffett, who spends as much as 80% of his day reading. Entrepreneur.com also has published this article stating that millionaires read for self-improvement, and 85 percent of self-made millionaires read two or more books per month.

In this episode, I am going to talk about the 5 books that changed my life, which are all in the self improvement category. These 5 books are:

How to Win Friends and Influence People
The Law of Human Nature
The Millionaire Next Door
The Simple Path to Wealth
Rich Dad Poor Dad

I wholeheartedly recommend all of them to you if you haven’t read them already. Of course there are many other great books out there, but if you want a place to start, try these first. They definitely changed my mindset and my life in a great way, and I hope they can have a similarly positive impact on you as well.

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What is the metaverse, exactly? Listen to this episode to find out. More importantly, listen to the 10 business opportunities Personal Finance Cat identified after comprehensive research. The metaverse is the “wild west” still, which also means now is the best time to get in! Here is the list of the 10 opportunities, from the easiest to the hardest:

Passive investment in companies like Meta or Microsoft.
Become an architect or designer.
Provide consulting services.
Become a technical expert.
Provide educational content.
Become an influencer.
Make digital products.
Work for companies that are participating in the metaverse adventure.
Produce hardware and/or accessories.
Generate new business ideas.

References:

Wired Article: What Is the Metaverse, Exactly?
Winklevoss twins becoming billionaires story:

https://www.fool.com/the-ascent/buying-stocks/articles/how-the-winklevoss-twins-amassed-a-6-billion-bitcoin-fortune

25 year old designing homes in The Sims: https://www.newsweek.com/amateur-architect-makes-living-building-homes-gamers-virtual-world-1618554
Freecodecamp.org Blog: 10 Free Websites For Learning Coding: https://www.freecodecamp.org/news/learn-to-code-in-2021-10-free-websites-for-learning-coding/
Meta resources:

https://about.facebook.com/immersive-learning/our-story/

https://about.fb.com/news/2021/10/facebook-company-is-now-meta/

https://sparkar.facebookblueprint.com/student/catalog

https://www.facebook.com/business/learn/digital-skills-programs/meta-career-programs

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In this episode, I am going to explain what mutual funds, index funds and ETFs are, and which one is recommended and why! Even though I am mostly a real estate investor, I do want to diversify my investment portfolio. In summary:

Mutual Fund: A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
Index fund: A type of mutual fund that seeks to track the returns of a market index, for example, the S&P 500 Index.
ETF: ETFs offer investors a way to pool their money in a fund that makes investments in stocks, bonds, or other assets, and can be traded like a stock.

The recommendation is Index funds due to its low fees and the fact that in the long run it usually outperforms the other types of mutual funds.

References:

Investor.gov
New York Times article:

https://www.nytimes.com/2020/07/31/business/mutual-fund-winners-stocks-bonds.html

The Balance article:

https://www.thebalance.com/how-and-why-john-bogle-started-vanguard-2466413

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This episode starts with the obvious, which unfortunately nowadays is not as obvious perhaps. The best way to deal with debt is to not incur it in the first place. It is still doable, even in developed countries like the U.S.! That said, Personal Finance Cat believes that good debt is still O.K., or even good, to incur, because of the power of leverage. The below is an example of using $100,000 to purchase real estate using all cash v.s. with debt, which shows the mathematics of why the latter gives you higher cash on cash returns.

All Cash With Debt

Price per unit 100,000. 100,000

of units purchased 1 5

Rent per unit per month 1000 1000

Expenses per unit per month 300 300

Mortgage per unit per month 0 429.5

Net cash flow per unit 700 270.5

Total cash flow 700 1,352.7

Cash on cash return (annual) 8.4% 16.2%

Assumptions:

20% down payment
5% annual interest rate and 30 years term for mortgage
No closing cost (or seller pays for closing cost)

As you can see, using leverage almost doubles your rate of return!

Anyway, let's get into the 5 tips to pay down bad debts.

Live below your means.
Find alternatives for expensive items such as housing.
Earmark bonuses and other “windfall” money to pay debt.
Increase your income.
Delay gratification.

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Summary:

In this episode, I start with the reasons why I think real estate is still the best and my personal favorite investment vehicle. I then provide you with the correct and ideal steps you should take to invest in real estate (beginner friendly!). I also want to give a big shout out to BiggerPockets (at biggerpockets.com). In this episode, you will hear many references to BiggerPockets.

Learn the basics, and decide what type of investing you want to do - rental, flip or wholesale.
Decide where you want to invest.
Network and build a team.
Set your criteria.
Analyze the deals.
Make an offer.
Close the deal.
Renovate the property, if needed.
Rent it out or list it for sale.
Realize your profits.

References:

Fun fact: over the last two centuries, about 90 percent of the world's millionaires have been created by investing in real estate. (https://thecollegeinvestor.com/11300/90-percent-worlds-millionaires-do-this/)
Three ways old money holds on to its riches: (https://www.usnews.com/opinion/blogs/economic-intelligence/2012/04/16/the-three-ways-old-money-holds-on-to-its-riches
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene (https://www.amazon.com/s?k=long+distance+real+estate+investing+david+greene&sprefix=long+distance+real%2Caps%2C343&ref=nb_sb_ss_ts-doa-p_1_18_ )

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In this episode, I am going to guarantee you that what you’ll be hearing in this episode is different from most if not all what other influencers are talking about on this topic. I’m not going to talk about how to max out your 401(k) and HSA, how to put your money in savings or investment accounts right after you get paid, how to cut back on dining out or Starbucks coffee, etc etc. I actually only have two tips I want to share in this episode and they’re not what you might think. But they really work, based on my personal experience!

Change your mindset.
Invest your money in illiquid assets like real estate as a means to force yourself to save and build wealth.

How do you implement these tips? Listen to this podcast to find out!

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In this episode, I want to share with you 10 side hustle ideas that range from the easiest/the most passive to the hardest/the most active. My hope is that this list can provide you with a full range of options, so you can decide which one or ones to pick depending on how much time you have and how much capital you have. The list starts with the ones that require more capital but less time and ends with those that require a lot of time but a modest amount of capital, at least to start with.

Passive investing like real estate syndication, hard money lending, Angel investing etc.
Making use of your existing assets to generate passive income with apps like Airbnb and Turo.
Active real estate investing.
Consulting.
Coaching.
Working a second job that is flexible like driving an Uber, task rabbiting, dog walking, etc.
Learning a new skill like running Facebook ads and providing such services to people.
Becoming an influencer.
Developing and selling a course.
Running a side business.

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In this episode, I am sharing why I think recession is imminent because of the current inflation situation. There are also some tips on how to tackle the potential recession:

Listen to personal finance cat podcasts.
Save up even more than you normally would.
Invest in recession proof assets.
Boost your income by switching to a new job.
INCREASE your investment during the recession.

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In this episode, I want to share with you 7 tips on how to increase your earned income fast (relatively):

Grind it out in the early years.
Pick the path of least resistance.
Niche down to a very specialized area where there’s a high demand for the skill set.
Keep learning and stay relevant.
Be vocal, network and advocate for yourself.
Think strategically and think big picture.
Don’t be afraid to jump ship if a better opportunity presents itself.

Book recommendation:

So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work You Love

by Cal Newport

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In this episode, I am sharing some tips and tricks on budgeting (my least favorite topic on personal finance - shh...) and more importantly, the motivation behind budgeting and why it is fundamental to financial success!

Show notes:

Business Insider article on high earning millennials feeling broke: https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-6?amp
Financial Independence Retire Early (FIRE) movement: https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
House Hacking: https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free

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In this episode, I want to share the 6 simple steps of financial planning with you:

Know where you are financially.
Set your retirement age.
Calculate your monthly savings goal.
Make a budget and stick to it!
Invest your savings in index funds.
Periodically adjust and stay motivated.

FIRE movement:

https://www.forbes.com/advisor/retirement/the-forbes-guide-to-fire/

4% Rule:

https://www.cnbc.com/2021/11/11/the-4percent-rule-a-popular-retirement-income-strategy-may-be-outdated.html

Retirement Calculator:

https://investinganswers.com/calculators/saving/million-dollar-savings-calculator-how-long-do-i-need-save-become-millionaire-3678

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When is the next real estate crash in the US? My bet is 2026. Curious? Give me 10 minutes of your time and I'll explain why.

Show Notes:

Harvard Business School article on the US real estate cycle:

https://extension.harvard.edu/blog/how-to-use-real-estate-trends-to-predict-the-next-housing-bubble/

Cost of Raising a Child:

https://www.bankrate.com/insurance/life-insurance/cost-of-raising-a-child/#:~:text=In%20the%20US%2C%20the%20average,Department%20of%20Agriculture%20(USDA).

Personal Finance Cat: Recent Episodes

Personal Finance Cat

1. The Wealth Mindset

2. Establishing Income Streams

3. Strategic Investing

4. Smart Debt and Leveraging Assets

5. Tax Strategy and Wealth Preservation

6. Long-Term Planning and Legacy

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