Screw The Stock Market: Recent Episodes
Alex Escobar
Welcome to the Screw The Stock Market Podcast, we are your host Alex Escobar and Aziz Yousuf. On this show we'll explore the world of alternative investments outside the stock market so you can change your life, take control over your future and find those golden opportunities for building wealth. Tune in!
In this enlightening episode of "Screw The Stock Market," we dive into the world of solo 401ks and checkbook Individual Retirement Accounts (IRAs) with our special guest, Rachel Neighbors. As we explore these financial tools, we uncover how they can open doors to alternative investment opportunities, especially for solopreneurs and those seeking avenues beyond the traditional stock market.
Rachel Neighbors - An expert in solo 401ks and checkbook IRAs, Rachel has a rich background in working with entrepreneurs and solopreneurs. She is deeply passionate about empowering individuals to maximize their investments and explore options beyond the conventional stock market.
If you want to explore a solo401k click here
Rachel Neighbors provides an insightful overview of these financial instruments, explaining how they can be a game changer for individual investors.
Accessibility of Alternative Investments:
The episode delves into the challenges typically faced by investors when trying to access alternative assets and how solo 401ks and checkbook IRAs can facilitate this process.
Personal Journey with Solo 401ks:
Our host shares their own experience in setting up and using a solo 401k, highlighting the ease of management and the increased control over retirement funds.
The Power of Community in Investment:
We discuss the crucial role of a supportive community for those new to solo 401ks and alternative investments, focusing on the sharing of knowledge and experiences.
Diversification Beyond Stocks and Bonds:
The conversation emphasizes the importance of diversifying investments across different asset classes, including real estate and cryptocurrencies, through solo 401ks.
Additional Resources:
Link to solo 401k.com for more information on setting up your own solo401k click here
Community forums and discussion groups for peer advice and support.
Educational material on alternative investments and tax advantages.
Welcome to Screw The Stock Market! In this episode, we delve into the unique challenges and opportunities faced by immigrants and their children in the realm of becoming professionals in the US. We want to share our personal stories and insights, exploring the delicate balance between assimilating into a new culture and preserving one's own heritage.Stay tuned!
Alternative Asset Classes and Success Mindset:
This section explores unconventional investment options and the importance of a mindset geared toward success. The hosts discuss strategies for financial growth beyond traditional stock market investments, emphasizing mental resilience and strategic planning in financial endeavors.
Audience Engagement and Feedback:
The importance of listener feedback is highlighted, with the introduction of a new audience survey to tailor content to listener preferences. This initiative demonstrates the podcast's commitment to interactive and responsive communication with its audience.
Cultural Identity and Assimilation:
The hosts share their experiences as children of immigrants, discussing the balance between adapting to American culture and preserving their own heritage. This conversation offers insights into the identity challenges faced by immigrants and their descendants.
Immigrant Entrepreneurship:
Focusing on the entrepreneurial spirit in immigrant communities, this segment discusses the unique challenges immigrants face in established professions and their turn towards entrepreneurship as an alternative path to success.
Community, Support, and Financial Success:
The role of the community in achieving happiness and financial success is emphasized. The hosts explore how supportive networks based on shared backgrounds can offer both emotional and practical support, aiding in professional and financial growth.
Benefits of Cultural Preservation:
The final part of the episode delves into the advantages of maintaining cultural ties. The hosts discuss how cultural heritage provides a sense of identity, belonging, and networking opportunities, highlighting its importance in personal and professional life.
participate in the "Screw The Stock Market" survey at screwthestockmarket.com/slsssurvey to help tailor future content to listener interests and needs.
Welcome to "Screw The Stock Market", where we kick off the New Year 2024 with a deep dive into regrouping and reflecting on our journey. In this episode, we explore the importance of alternative asset classes and the power of a success mindset.
Join us as we discuss our evolution and plans for the show, focusing on the unique perspectives of children of immigrants in the world of entrepreneurial investment.
Reflecting on the New Year and Show's Evolution:We discuss the importance of regrouping at the start of 2024, reflecting on our journey so far. The show has evolved over nearly two years, and we're excited to delve deeper into making impactful content that resonates with our diverse audience.
Engaging with Our Audience - Survey Announcement:We're introducing a survey on screwthockmarket.com/sls/survey to better understand our audience's investment profiles and goals. This feedback will be instrumental in shaping our content to be as informative and helpful as possible.
Focus on Children of Immigrants and Dual Cultural Upbringing:A significant part of our discussion centers around the experiences of children of immigrants, balancing different cultural backgrounds. We aim to connect with viewers who share this unique dual-cultural upbringing, while keeping our content inclusive for all.
New Direction - "An Immigrant’s Guide to Entrepreneurial Investment":We announce a new subtitle for the show, highlighting our focus on the immigrant experience in entrepreneurship and investment. This change reflects our commitment to exploring diverse perspectives shaped by various cultural backgrounds.
Personal Stories and Plans for Future Content:We share personal anecdotes and family stories, discussing the challenges faced by first-generation individuals. These experiences will be a key focus in our upcoming episodes, exploring the intersection of immigrant experiences with business and investment.
- Survey Link: screwthockmarket.com/sls/survey
Follow us on our social media platforms for more insights, updates, and behind-the-scenes content. Join our community and be part of the conversation. Share your thoughts, experiences, and feedback with us:
- Instagram: @screwthestockmarketshow
Thank you for joining us in this insightful episode as we embark on a new chapter of "Screw The Stock Market." We're excited to delve into the realms of entrepreneurial investment through the lens of our diverse backgrounds and experiences. Stay tuned for more enriching content, and don't forget to complete our survey to help us serve you better. Until next time, keep challenging the norms and screwing the stock market!
Join us in a captivating discussion with Vipin Singh, a seasoned professional with over two decades of experience in investment banking, finance, and consulting. This episode delves into the nuances of entrepreneurship through acquisition, the journey from a corporate job to owning a business, and the critical role of personal support systems in entrepreneurial success.
Show Notes:
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Introduction to Vipin Singh's Professional Journey
- We kick off the episode with an introduction to Vipin Singh, detailing his extensive experience working with Fortune 500 companies and his transition into the realm of entrepreneurship.
- Understanding the shift from a stable corporate career to the dynamic world of business ownership.
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The Philosophy of 'Betting on Oneself' in Business
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Vipin shares his perspective on the risks and rewards of investing in oneself and how it compares to traditional stock market investments.
- Balancing risk with self-belief in the entrepreneurial journey.
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The Dynamics of Business Brokerage and Acquisition
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An in-depth look at Vipin’s experience in business brokerage, including how he assesses and navigates the acquisition of small businesses.
- Practical strategies for evaluating business opportunities and understanding small business financials.
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The Importance of Family Support in Entrepreneurship
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A crucial conversation on how spousal support and joint decision-making can impact entrepreneurial ventures, especially when it involves significant financial risks.
- Strategies for maintaining communication and balance between business risks and family life.
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Listener Engagement and Interactive Survey
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Encouraging listener participation through a survey designed to understand their interests and investment profiles, aiming to tailor future content more effectively.
- The importance of audience feedback in shaping content and building a community around the podcast.
Resources Mentioned:
- Vipin Singh’s LinkedIn Profile
- screwthestockmarket.com/survey
Connect with Us:
- Website: screwthestockmarket.com
- Email: info@screwthestockmarket.com
- Social Media: @screwthestockmarketshow
Welcome Back!
After a brief hiatus, we're excited to return with some big news and updates!
In this exciting comeback episode of "Screw the Stock Market," we share the whirlwind journey of closing a significant real estate deal in Indianapolis and the rollercoaster of challenges we faced along the way. Discover how we navigated investor dramas, the intense hustle to raise capital, and the complexities of financial transactions.
We dive into the teamwork and risk-taking that went into securing the deal, including personal loans and asset leveraging. Celebrate with us the successful appraisal of the property, ensuring immediate profitability, and get insights into our strategic approach to property management.
We also invite you to participate in our survey at [screwthestockmarket.com/survey] to help us tailor our content to your interests. This episode is a testament to the resilience and dedication required in real estate investing. Stay tuned for more insights and stories on alternative asset classes and successful investment strategies.
Survey Link: [screwthestockmarket.com/survey]
Website: [screwthestockmarket.com]
Don't forget to subscribe to our podcast and follow us for more episodes on investment strategies and success mindsets.
Contact Us:
For inquiries and suggestions, please contact info@screwthestockmarket.com
Thank You for Listening!
We appreciate your support and are excited to share more episodes with you soon.
In this episode, we dive deep into the life and ventures of Reverend Duane A Quamina, a man with a truly cinematic past who has now dedicated himself to a revolutionary mission. Rev Quamina shares how he transitioned from a life steeped in crime to becoming a change-maker aiming to democratize the mortgage industry. You'll hear his dramatic life story, which could soon be turned into a movie with possibly Jamie Foxx involved, and you'll learn about his new initiative aimed at alleviating systemic biases in mortgage lending for people of color.
Life Story (00:05:30 - 00:12:15)
Rev Duane Quamina talks about his tumultuous journey, from being involved in drug distribution to participating in the largest heist in American history. His life took a turn after meeting Reverend James Bevel, a key figure in the Civil Rights Movement, who became a mentor and shifted his trajectory towards social impact.
Influence of Mentors (00:12:20 - 00:16:05)
Quamina emphasizes the influence of Reverend James Bevel and how his guidance was the catalyst for changing his life. Bevel taught him the importance of 'leaving a record' and making an impactful change in society.
Revolutionary Approach to Mortgages (00:20:05 - 00:25:00)
Quamina discusses his latest initiative—a revolutionary mortgage company aimed at serving 13 million underserved homebuyers. He outlines the plans to break down barriers, reduce risk, and challenge discriminatory practices in the mortgage industry.
Crowdfunding and Networking (00:25:05 - 00:27:30)
Rev Quamina utilized Oscar Joffrey's platform for crowdfunding to raise capital for his mortgage initiative. The episode reflects on how networking and collaboration can serve to amplify impact.
Addressing Systemic Biases (00:27:40 - 00:32:00)
The episode concludes with a discussion on how Quamina's new company aims to address systemic biases that are deeply ingrained in the mortgage and banking industry. By creating a platform that aims to be free of discrimination, Quamina aims to radically change how lending is done, especially for minorities and people of color.
Tune in to this awe-inspiring episode to learn how one man's transformation can lead to societal change. Reverend Duane A Quamina is a living testament to the incredible impact that one individual can make when they focus their energy on the greater good.
Don't forget to fill out our survey at screwthestockmarket.com/survey to help us continue delivering content that meets your interests!
Welcome to another episode of Screw the Stock Market, where we explore alternative ways of investing and thinking about money. We're excited to have William A. Adams as our guest for today's episode. William is a tech guru, an entrepreneur, and one of the first black pioneers in Silicon Valley. He’s been a part of the tech boom since the early '90s and now focuses on empowering minority entrepreneurs in the tech industry with a mission to spark generational wealth.
The Birth and Growth of Minority Entrepreneurs in Silicon Valley [05:20]
William discusses being one of the first black entrepreneurs in Silicon Valley. He gives an eye-opening account of the challenges he faced during the early days of the tech boom. While not the first black entrepreneur in the region, he was definitely among the pioneers and has landed a spot in the Museum of Silicon Valley.
High-Risk, High-Reward Venture Deals [11:45]
William opens up about venture capital deals and returns in tech, mentioning that while these can be high-risk, the returns can be staggering. He gives us his perspective on the kinds of risks and rewards that come with investing in tech, which can sometimes be a stark contrast to more traditional investments like real estate.
Overcoming Barriers and ‘You’re Not One of Us-ism’ [25:34]
He delves into the cultural and social barriers he had to face and conquer in his career. This ranges from being denied a bank account to hearing veiled refusals from venture capitalists. William argues that what many label as racism is actually a universal "You're not one of us-ism" rooted more in socio-economic status than race.
The Power of Excellence and Value [28:10]
William explains that the key to breaking barriers and succeeding in a challenging environment is simply to be excellent. By delivering outstanding value, he was able to find people who were willing to overlook societal barriers and engage in mutually beneficial business relationships.
Taking Control of Your Own Financial Destiny [42:00]
Towards the end, William talks about the importance of self-reliance and not being a victim of circumstances. He advises people to be proactive about their lives, mentioning how you can take control of your finances and not be dependent on traditional systems like the stock market.
Thank you for tuning into this episode of Screw the Stock Market. We hope you found it as insightful and inspiring as we did. Don't forget to connect with William and us on our various platforms, and feel free to participate in our survey at screwthestockmarket.com/survey to help us tailor our content to your needs.
Welcome to another exciting episode of our podcast, where we dive into unconventional investment strategies and success stories beyond the stock market. In today's episode, we have a special guest, Oscar Jofre, a serial entrepreneur with a rich background in the tech space. He shares his insights into capital raising, private equity, and innovative approaches to maximizing investment opportunities.
(02:05) Introduction to Oscar Jofre
- Learn about Oscar Jofre's background as an immigrant from Chile and his journey into the tech and entrepreneurship space.
- Discover how he transitioned from working with Best Buy's founder to creating his own startups.
(07:18) Democratizing Access to High-Growth Opportunities
- Explore the concept of democratizing access to innovative high-growth opportunities for investors.
- Understand how Oscar's company leverages SEC regulations to make capital raising more accessible and streamlined.
(11:45) Empowering Minority Groups and Immigrant Communities
- Dive into Oscar's passion for uplifting minority groups and immigrant communities through accessible investment opportunities.
- Learn how his approach fosters diversity in capital raising and investment success.
(15:30) The Power of Regulation A+ and Regulation CF
- Discover the potential of Regulation A+ and Regulation CF as investment vehicles.
- Understand how these regulations provide flexible investment options with lower minimums, allowing small investors to participate.
(20:10) AI and Voice Recognition's Evolution
- Oscar's early fascination with AI and voice recognition in the 1990s.
- Explore the journey of AI from its inception to today's advancements and its implications for various industries.
Thank you for tuning in to this episode, where we uncovered the exciting world of capital raising, entrepreneurship, and the power of innovative investment strategies. To stay updated and access more valuable content, be sure to check out our website and subscribe to our podcast.
Connect with Alex and Aziz:
info@screwthestockmarket.com
www.screwthestockmarket.com
Connect with Oscar:https://www.linkedin.com/company/korechain/
https://www.facebook.com/korechain
https://twitter.com/korechain
https://www.koreconx.com/
https://www.youtube.com/@Koreconx
Welcome back to another episode of "Screw the Stock Market!"
For those of you who've been on this journey with us, today's episode delves deep into the intricate dance between success and identity. How do we define success, and at what point does it become intertwined with our very sense of self? Journey with us as we explore these themes and more.
Vivid Vision: The idea of visualizing and genuinely experiencing the finish line of your goals. It's about living the sensation of success even before you've reached it.
An Unexpected Success: Discussion on an article about an individual who experienced sudden success due to the pandemic. His business skyrocketed, leading to an early retirement after selling to a larger company.
The Success Guilt: A deeper dive into the feelings of awkwardness and guilt some face after attaining significant success. This individual struggled with sharing his new status with others, often being vague about his accomplishments.
Power of Identity: The power of identity tied to work and how difficult it can be to shed that identity even when success has been achieved. Many can't imagine leaving their job because of how intertwined their identity is with their role.
Cultural Views on Success: An interesting comparison of how success is viewed in different cultures. While American celebrities often showcase their hustle, the wealthy in countries like Italy embrace leisure more openly.
Success and identity are intertwined in complex ways, and cultural views play a significant role in shaping our perceptions. Whether it's the grind culture in the US or the leisurely approach in Italy, the journey to success is diverse and multifaceted. Stay tuned for more insights on our next episode!
Follow us on social media
@screwthestocmarketshow
www.screwthestockmarket.com
Take our survey www.screwthestockmarket.com/survey
Welcome to Screw The Stock Market!
In this episode of the podcast, we're joined by Caleb Irmler, an inspiring entrepreneur who shares his incredible journey from an unexpected career start in Pest Control to becoming a successful business owner and coach. Caleb's story is a testament to the power of determination, resourcefulness, and the ability to seize opportunities. Join us as we dive into the insights he gained along the way and discover valuable lessons for anyone looking to make their mark as an entrepreneur.
Caleb Irmler, an entrepreneur with a background in pastoral theology, found himself facing financial challenges that led him to embrace entrepreneurship in unconventional ways. He started his journey with a job in Pest Control, a field he knew nothing about, and went on to build a thriving business. Today, he also coaches other entrepreneurs on how to navigate the world of business, automation, and growth.
Seizing Opportunities Without Overthinking (2:36 - 6:12) Caleb's entry into the world of entrepreneurship began with seizing an unexpected opportunity, even without industry knowledge. His story highlights the importance of taking action and not letting fear or overthinking hinder progress.
The Power of Grit and Determination (6:13 - 8:30) Caleb's willingness to work multiple jobs and adapt to challenges showcases the power of grit. His determination to succeed, even when faced with financial constraints, serves as a motivating reminder that hard work can lead to unexpected success.
Starting Small and Scaling (8:31 - 10:54) Starting with minimal resources, including an ironing board as a standing desk and a basic printer, Caleb exemplifies the idea that you don't need everything perfectly lined up to start a business. His journey underscores the potential for growth and scaling from humble beginnings.
Choosing the Right Industry for Entrepreneurship (10:55 - 13:18) Caleb emphasizes the importance of choosing the right industry when transitioning to entrepreneurship. He discusses the value of picking an industry with potential for automation, scalability, and long-term viability, while cautioning against industries with high failure rates.
Passion, Fire, and Authentic Entrepreneurship (13:19 - 16:54) Caleb's take on passion challenges the idea of borrowing someone else's fire and encourages aspiring entrepreneurs to find their own authentic source of passion. His insights shed light on how true passion can drive success and energize others to join your journey.
To connect with Caleb:
https://www.linkedin.com/in/caleb-irmler-86072b42/
https://rawentrepreneur.com/
To connect with us:
www.screwthestockmarket.com
Caleb's journey from Pest Control to entrepreneurship is a testament to the transformative power of determination, resourcefulness, and a willingness to embrace the unknown. Tune in to gain insights into his remarkable story and discover lessons that can empower you on your own entrepreneurial path.
Thank you for joining us on this episode of the podcast. Be sure to subscribe for more inspiring conversations with entrepreneurs, thought leaders, and innovators who are making their mark in the business world. If you enjoyed this episode, please leave a review and share it with your network. Stay tuned for more insightful episodes coming your way.
Hello and welcome to Screw the Stock Market!
Embark on your journey to financial freedom with a crucial first step: a meticulous examination of your personal expenses. This episode delves into the significance of eliminating non-essential costs, laying a solid foundation for a future of financial autonomy. Tune in to arm yourself with strategies that propel you closer to your financial aspirations.
- Reviewing Our Expenses: Our first step towards financial freedom is a comprehensive review of our individual expenses. It's crucial for us to reduce unnecessary costs as we work towards our financial freedom goals.
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Our Budgeting Techniques: We discussed various techniques, and one of us has found significant success with the "envelope system." By allocating specific cash amounts to envelopes for different expenses, we can better manage our spending.
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Our Principle of Budgeting: For us, it's all about planning ahead rather than reacting to expenses as they arise. It's essential for us to list our mandatory costs, allocate our income to these costs, save where we can, and genuinely understand our financial situations.
- Awareness of Our Bills & Our Power to Negotiate: We often lose track of recurring subscriptions or services we no longer use. It's vital for us to regularly check our bank statements and be aware of where our money is going. Furthermore, we've realized that many of our bills can be negotiated, and by doing so, we can save significantly.
- Balancing Our Income and Expenses: We've observed that as our income grows, our expenses often increase in tandem. We believe that by exercising discipline in our early stages of financial growth, we'll lay a solid foundation for managing even larger incomes in the future. If we find budgeting a challenge at our current income level, it might be time for us to explore ways to enhance our earnings.
We encourage all of you to reflect on your expenses and evaluate your budgeting strategies based on the insights we've provided. We also welcome your feedback and questions and look forward to diving deeper into this topic in our future episodes.
Welcome to Screw The Stock Market,
In today's episode we have a great conversation with one of our previous guests, Dr. Albert Dunn who's going to talk about negotiation. We had an enlightening discussion that delved into personal experiences and offered some practical insights. If you've ever wondered how to negotiate, what your objectives should be, or what you can save through smart negotiating, this episode is for you. Here are some highlights from our engaging conversation:
A Real-Life Negotiation Scenario: Al shares an in-depth story about his recent experience in purchasing a new Ford F 150 Raptor. From having to fix his old Jeep to the urgency of finding a new vehicle, his story illustrates the importance of negotiation in our daily lives.
Knowing What You Want: Al’s research and determination in what he wanted allowed him to approach the dealership with confidence. Understanding what you want and sticking to it can be key in negotiation, as it ensures that you make choices aligned with your needs and preferences.
Importance of Timing and Prioritization: Al’s tight schedule and clear priority to get the car that very day influenced his negotiating tactics. Knowing your own priorities and communicating them effectively can pave the way for successful negotiation.
Flexible Payment Options and Standing Your Ground: During the purchase, Al faced several challenges in payment methods and high-interest rates. His ability to stand his ground, while remaining open to creative solutions, ultimately led to a successful deal. This illustrates the importance of flexibility and assertiveness in negotiations.
Contrasting Views on Value and Objectives: The discussion concludes with contrasting views on negotiation priorities. For Al, time was the most crucial factor, while for others, the focus might be on getting the best financial deal. Recognizing what's most important to you and aligning your negotiating strategy with those values is essential.
We hope you found this episode insightful and that it inspires you to consider your negotiation strategies, whether it's for a big purchase like a car or smaller, everyday decisions. Thanks for tuning in, and we look forward to sharing more engaging conversations with you in future episodes!
Welcome to Screw The Stock Market. Today we have another Time Out episode in which we take a moment to reflect on the successful investments we've made in the past, viewing each as a great opportunity for growth and learning for our entire community.
Behind the Name of the Podcast & Personal Updates (00:32 - 01:39)
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- Diving into a bit of history, the hosts explore the unconventional naming of the podcast. They recount their decision-making process, opting for a name that symbolizes a non-traditional approach to investments, a break from the status quo. Following this, the hosts provide a personal life update. For instance, one of them talks about the new journey of wearing Invisalign braces, using this experience as a metaphor for the importance of adjusting and evolving, both in life and in investing.Identity Crisis: An Intriguing Encounter in Japan (02:04 - 07:40)
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- This section brings a story to life from one of the hosts' trips to Japan. They share a fascinating encounter with a local, which led to a deep, introspective conversation about personal identity. This conversation triggered an "identity crisis," forcing them to question their personal and professional identities and how they've been influenced by their environment. The hosts provide vivid descriptions of this encounter and how it subsequently transformed their perspectives.
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Perspectives on Identity: From Ethnic Roots to Personal Passions (08:44 - 10:22)
- In this segment, the hosts discuss their perspectives on identity. They explore how ethnicity, cultural roots, and personal passions shape who they are, but also express the fluidity of identity and how it is influenced by personal growth and experiences. They argue that identity isn't a fixed concept but rather something that evolves over time, affected by individual decisions and societal impacts.
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The Show's Purpose & Audience: A Focus on "Outsiders" (11:16 - 13:48)
- Wrapping up, the hosts explain their podcast's purpose and who they aim to reach. They express their interest in connecting with those who feel like "outsiders" - those questioning traditional societal norms, those seeking deeper insights and a new approach to investment and personal growth. The hosts discuss the importance of creating a community of 'outsiders' to share knowledge, and insights, and foster a supportive network.
Resources:
- Screw the Stock Market Website
Don't forget to follow us on our social media channels and subscribe to the podcast for regular updates. Please leave a review if you liked this episode and share it with others who might benefit from this conversation about identity.
Welcome to Screw The Stock Market
Join us in this empowering episode of "Unleashing Financial Freedom" as we share the incredible story of Omar Mohamed, an immigrant from Egypt who defied the odds and achieved financial freedom. Omar's journey from starting with low-skilled jobs to becoming a thriving entrepreneur is a testament to determination and resilience. This episode explores the challenges faced by immigrants, the power of mindset, and the pursuit of opportunities in America.
You will gain valuable insights into Omar's experiences and discover practical strategies for taking control of their finances and creating a life of success.
Let's dive in!
immigrants #success #inspiration #financialfreedom #realestate
Welcome to Screw The Stock Market!
In this episode of "Screw the Stock Market," the discussion revolves around a review of the popular book "Rich Dad Poor Dad" and its profound impact on shaping a successful wealth mindset. The hosts also share their thoughts on a humorous podcast episode that critiques influential books, providing entertaining insights. Throughout the episode, various aspects of investing, property transactions, and passive investment strategies are explored.
Reviewing "Rich Dad Poor Dad":
[01:00 - 03:45]
The hosts begin by reflecting on the influence of "Rich Dad Poor Dad" within the real estate investing community, and how it is frequently recommended by successful investors. They share personal experiences of reading the book, highlighting its profound impact on shaping their perspectives regarding wealth accumulation and escaping the rat race.
A Hilarious Book Review:
[04:00 - 06:20]
Moving on, they discuss a humorous podcast episode titled "If Books Could Kill," which comically critiques influential books. The hosts recommend this episode, particularly the hilarious review of "Rich Dad Poor Dad," to the listeners, adding an extra layer of entertainment to the book discussion.
Analyzing "Rich Dad Poor Dad":
[06:30 - 10:15]
Analyzing "Rich Dad Poor Dad," the hosts appreciate its ability to shift mindsets, especially concerning the wage system and the pursuit of financial freedom. However, they critique the book's writing style, acknowledging the author's admission of not being a proficient writer. They highlight instances of irrelevant tangents and unclear messaging, which hinder the book's effectiveness.
Lessons Learned:
[10:30 - 14:50]
Next, the hosts delve into the lessons learned from "Rich Dad Poor Dad." They emphasize the significance of gaining experience, leveraging it, and actively striving for financial independence. Personal anecdotes of individuals who started with modest beginnings and achieved success through mentorship and hard work are shared. The hosts also acknowledge the book's limitation in providing actionable steps for creating wealth, criticizing its vagueness in this regard.
See the crucial role of mindset in attaining financial goals. They cite examples of individuals who possessed an unwavering belief in their eventual success, highlighting the importance of self-belief and envisioning greatness as prerequisites for taking decisive action.
Connect with Alex and Aziz and go to www.screwthestockmarket.com for investment opportunities
Welcome to "Screw the Stock Market," the podcast that explores alternative asset classes, success mindset, and inspiration for financial independence.
In this episode, we have a special guest, Josh Lawlor, who shares his unique perspective on real estate investing.
Josh Lawlor is an experienced real estate investor who began his journey after the 2008 financial crisis. With a keen eye for opportunity, he successfully navigated the real estate market, starting with a transformative long-term live-in flip project. Josh's dedication and strategic approach allowed him to add substantial equity to the property, setting the stage for his subsequent ventures. As he expanded his portfolio, Josh ventured into traditional single-family rentals in Atlanta and Jacksonville, leveraging the expertise of turnkey real estate operator, Roofstock. Throughout his journey, Josh faced and overcame various challenges, continually adapting and seeking ways to optimize his investments.
Let's dive in!
Josh's Real Estate Journey (01:30 - 06:45)
Josh embarked on his real estate journey with a successful long-term live-in flip following the 2008 financial crisis. By renovating and adding equity to the property, he laid the foundation for his future real estate investments. Initially focusing on traditional single-family rentals in Atlanta and Jacksonville through Roofstock, a turnkey real estate operator. As Josh aimed to scale his investments, he encountered budget constraints that required creative solutions. Over time, the properties appreciated, generating consistent cash flow and providing opportunities for cash-out refinancing.
The Unexpected School District Dilemma (06:45 - 10:20)
During a local fixer-upper renovation, Josh and his family temporarily relocated outside their school district boundaries. To allow his children to continue attending their school, the school administration demanded tuition payment, leading to unforeseen financial burdens. Motivated by this experience, Josh explored avenues to recover the tuition expenses and identify alternative sources of income.
Discovering Film Shoot Rentals (10:20 - 15:10)
Upon returning to their renovated home, Josh discovered the lucrative potential of renting homes for film and commercial shoots. Contrary to common misconceptions, film shoots primarily involve one-day commercial shoots catering to various businesses and content creation needs. Businesses, startups, and musicians often require professional content for websites, social media, product launches, and music videos. Renting out homes for film shoots proved to be a profitable and passive investment opportunity that intrigued Josh.
Suitability of Homes for Film Shoots (15:10 - 19:05)
Josh dispels the myth that only specific types of houses are suitable for film shoots, emphasizing the diverse requirements of each production. Homeowners can benefit from renting out their normal houses, as productions have varied needs and aesthetics. Instead of conforming to a specific house type, the focus should be on finding the right match for a particular production.
Josh encourages listeners to consider film shoot rentals as a unique avenue for passive investment and supplemental income. Engaging professional crews is essential for a successful and seamless experience when renting homes for film shoots. Exploring this niche can provide financial freedom, investment control, and a different lifestyle approach. For more comprehensive insights and practical advice, listen to the full episode to delve deeper into Josh's experiences.
Contact us:
Visit our website to explore various investment opportunities. For further inquiries or to get in touch, go to www.screwthestockmarket.com and use the "Invest with Us" button available on the website.
Welcome to Screw the Stock Market.
In this particular episode, the focus shifts from traditional finance discussions to a personal narrative that has deeply impacted Alex and Aziz. They bravely share their journey through personal tragedy, drawing attention to the essential need to prepare - both financially and emotionally - for major life events like death.
They recount the unexpected loss of a close family member, an event that brought them face-to-face with the stark reality of mortality. As they navigate the tumultuous waters of grief and acceptance, they find a sense of solace in sharing their story with listeners.
Through this intimate discussion, the hosts aim to underscore the importance of protecting your assets after death. The recent tragedy put into sharp relief the potential complications and significant wealth loss that can arise from a lack of financial planning - additional burdens that can exacerbate an already challenging time.
Tune in to witness a profound exploration of the interplay between finance and mortality, and gain wisdom on preparing for life's most difficult inevitabilities.
Value of Family Connection:
0:00 - 1:28
One of the key takeaways is the profound importance of maintaining strong connections with family members. Highlighting the need to prioritize these relationships and not wait for a tragedy to strike before reaching out. Drawing from their own experiences of reconnecting with long-lost relatives, they emphasize the joy and sense of belonging that can come from fostering these connections.
Proactive Planning:
1:29 - 5:43
Another critical aspect explored in the episode is the necessity of proactive planning, particularly in terms of financial matters. The hosts emphasize the significance of preparing wills and trusts to avoid complications and the loss of wealth after death. Through personal anecdotes, they underscore the potential consequences of failing to plan adequately, including the risk of substantial taxes and unforeseen.
Health and Well-being:
5:44 - 9:21
The conversation shifts towards the importance of prioritizing personal health and well-being. The hosts raise concerns about the prevalent "hustle culture" that often overlooks self-care. Stressing the need to strike a balance, they urge listeners to take care of their mental and physical health. They believe that one's overall well-being is crucial for long-term success, as it directly impacts their ability to support.
Balance in Life:
9:22 - 12:56
Lastly, the hosts discuss the significance of finding a harmonious balance between immediate gratification and long-term goals. While advocating for seizing the present moment and cherishing time spent with loved ones, they also highlight the importance of considering future aspirations. They encourage listeners to enjoy life but also make prudent decisions, acknowledging the transient nature of our existence.
Cherish and enjoy life, expressing the importance of valuing personal relationships and taking calculated risks in pursuing one's goals and aspirations. Join us for our next episode as we continue to explore various aspects of life, business, and personal growth. We hope to provide valuable insights that inspire you to live a fulfilling and meaningful life.
To connect with us:
screwthestockmarket.com
Welcome to Screw The Stock Market
In this episode of the STS podcast, our guest is Caleb Johnson, an apartment syndicator, and multi-family real estate investor. Caleb's approach to life and business is deeply rooted in his faith in God. We are excited to have him on the show and anticipate valuable insights and practical advice from his experiences.
Caleb's journey is both inspiring and relatable. Let's dive into what motivated Caleb to pursue the path of wealth-building
About the guest:
Caleb is a highly accomplished apartment syndicator and multi-family real estate investor. Caleb's passion for real estate investment is deeply rooted in his personal experiences and his strong faith in God.
Despite his young age, Caleb has already made significant strides in the real estate industry. He has successfully completed five real estate deals, with a total value of approximately $9 million.
Background and Motivation:
[02:18]
Caleb's motivation to invest in real estate comes from witnessing his mother's financial struggles after surgery and his desire to take care of his parents. Despite his young age, he has already completed five real estate deals totaling approximately $9 million. His story is truly inspiring and resonates with many listeners.
Actionable Tips for Success:
[4:14]
During the interview, Caleb shares actionable tips for success, particularly in building mentorships and relationships to access the best investment opportunities. He emphasizes the importance of persistence and selflessness, highlighting the value of giving without expecting anything in return. Caleb also emphasizes finding ways to add value to others, which can lead to fruitful mentorship connections.
Understanding Commercial Real Estate:
[05:05]
Caleb provides clarification on the definition of commercial real estate, specifically focusing on multi-family properties with five or more units. He explains his transition from residential to commercial real estate investing, outlining the challenges and rewards associated with this market. The hosts engage in a discussion about the dynamics of commercial real estate and its potential for growth.
Overcoming Challenges Building Relationships:
[08:18]
Sharing his experiences, Caleb discusses the process of finding real estate deals. He emphasizes the importance of persistence and building relationships with brokers. Caleb shares insights into establishing rapport with brokers and tailoring communication to their preferences. The hosts commend Caleb's ability to strike a balance between sales tactics and genuine relationship building, which has contributed to his success.
Incorporating Faith into Business:
[11:08]
Caleb opens up about the role of faith in his approach to business and life. He credits his faith as a stabilizing force and expresses gratitude for his mentors and God's guidance. The hosts appreciate Caleb's perspective and acknowledge the impact of faith in achieving personal and professional success.
Future Goals and Outlook:
[13:17]
While acknowledging the challenges of long-term goal setting, Caleb expresses his anticipation that his goals will evolve over time. The hosts express confidence in Caleb's future success, particularly in the apartment real estate market. They discuss the growing trend of renting and its potential impact on the market in the coming years.
Caleb Johnson's story is both inspirational and practical, filled with actionable steps for those interested in real estate investing. His journey from cleaning toilets for his mentor to now being a successful apartment syndicator is a testament to his determination and belief in alternative investment approaches outside the stock market.
Resources:
- Bigger Pockets
- Rich Dad, Poor Dad
- Cashflow Quadrant
Connect with Caleb:
- Red Sea Capital Group
Connect with Alex and Aziz:
- screwthestockmarket.com
AI's dominance extends beyond industries, and the stock market is no exception. With its advanced algorithms and data analysis capabilities, AI is revolutionizing investment strategies and reshaping the financial landscape. Join Alex and Aziz as they explore how AI is taking over the world and transforming the stock market.
About the Episode
[00:00:36]
Join Alex and Aziz in this exciting episode as they dive into the topic of "Judgment Day: Rise of the Machines." Lately, AI has been the talk of the town, particularly in the business world. From AI-powered chatbots like ChatGPT to Google's Bard and even Meta's upcoming open-source version, everyone is jumping on the AI bandwagon. However, this surge in AI development has sparked concerns and pessimism, with fears that it will lead to job losses and an uncertain economic future for average individuals like Joe Schmo. While there will undoubtedly be significant changes in how the economy functions, Alex believes the impact will be more pronounced for future generations than our own. Tune in to explore these intriguing perspectives and gain insights into the potential consequences of AI on our society.
What Do People Do with AI?
[00:06:29]
This is a golden opportunity for investors and businesses as AI technology gains momentum. It simplifies tasks, provides useful tools, and can be outsourced to streamline operations. Whether in real estate or the stock market, leveraging AI can offer a competitive edge. Being creative and embracing AI now allows individuals to maximize their business potential before it becomes commonplace. Moreover, considering the uncertain future job landscape, establishing generational wealth becomes increasingly vital. Seize the moment and build a solid foundation to adapt to the changing times.
Humility is the New Smart
[00:12:54]
Humility is the New Smart by Ed Hess predicts the rise of the machine age and highlights the increasing value of our humanity. Fields like nursing, teaching, and caregiving will be elevated, emphasizing interpersonal relationships over specific skills. This shift acknowledges the inherent importance of human connection and empathy. The book urges us to embrace humility, recognize our limitations, and adapt to change. By collaborating with technology instead of competing against it, we can successfully navigate the complexities of the modern world and coexist with smart machines.
Screw the Stock Market:
Website: Screw the Stock Market
YouTube: YouTube
About the EpisodeWhat Do People Do with AI?Humility is the New SmartResources:Instagram: Instagram
Collectibles have become a popular alternative investment offering pleasure and potential profits. From rare coins to sports memorabilia, they provide a unique way to diversify portfolios. Richard Vinhais will guide you through the captivating world of collectibles as an alternative asset and share valuable insights and experiences. Join in for an exciting exploration of this investment landscape.
Recap of the Episode
[00:00:24]
This episode explored the captivating realm of collectibles. From baseball cards to fine art, these items hold immense value and ignite passions. Scarcity is pivotal in their worth, distinguishing them from utility-based assets. The guest shared strategies for understanding their value and building relationships within these passionate communities. Their business focuses on insuring collectibles, while fractional ownership platforms provide accessible entry points for all budgets. We continue to uncover asset classes with lower buy-ins, expanding investment opportunities for a wider audience.
About the Guest[00:06:16]
Today's guest is Richard Vinhais, CEO at WAX, an experienced professional with a diverse background in corporate consulting and venture-backed startups. Richard's journey took an unexpected turn when his lifelong passion for collecting, particularly watches, led him to uncover the increasing value of collectibles as alternative assets. Coming from a frugal upbringing as a first-generation American, Richard offers a unique perspective on navigating this evolving market and the exciting opportunities it presents.
How Richard Ended Up in WAX[00:18:48]
Richard Vinhais found himself at WAX Insurance after a chance encounter with a friend in the watch-collecting community. Initially skeptical, he took a risk and invested in valuable ticket stubs. This led to raising half a million dollars from others who believed in the venture. His prominent venture capitalist friend recognized Richard's potential and convinced him to join WAX Insurance. Now, Richard embraces the challenges of insuring collectibles in a rapidly growing market, offering an alternative investment option beyond the stock market.
How to Become Knowledgeable about Watches[00:52:32]
To become knowledgeable about watch collecting, join passionate communities, follow influential blogs like Hodinkee, and engage with experienced individuals. Platforms like WatchRecon and Chrono24 reveal pricing trends, while groups like RedBar offer connections with like-minded enthusiasts. Engaging with these communities is a rewarding experience for collectors of watches and other collectibles.
Top Collectibles in the Market[01:00:38]
Top collectibles in the market now include Michael Jordan's memorabilia like sneakers and jerseys, valuable trading cards such as the 1952 Mickey Mantle tops card, spirits and wine, collector cars reaching astronomical values, notable auction sales at Sotheby's, and the consistently hot market for fine art, with prices reaching multi-million dollar levels. Stay informed about auction trends to gauge the interests of speculators and the areas where investments are being made.
Taxes & Insurance on Collectibles[01:05:01]
Collectibles may have tax implications, leading some collectors to store valuable items in tax-free locations. WAX offers vaulting services for watches and sports memorabilia, providing clients with more options. Insurance rates vary based on location and collection size, with discounts available for larger collections with proper security measures.
Jewelry has higher insurance rates due to the risk of loss during transportation. Artwork and collector cars, which are typically stationary or driven infrequently, have lower rates. Insurance premiums reflect the risk profile of each item.
Resources:Website: https://www.wax.insure/
Instagram: Instagram
LinkedIn: LinkedIn
As inflation continues to rise, the importance of tangible assets like precious metals has become increasingly apparent. With more and more investors looking to safeguard their wealth, experts like Dana Samuelson have emerged to provide insights into the world of precious metals.
As the President of American Gold Exchange, Dana Samuelson has spent over 30 years in the precious metals industry. He has seen firsthand how gold and silver have become increasingly valuable in times of economic uncertainty. In an interview, Samuelson explains why tangible assets are important in an inflationary environment:
Today is another time-out episode where Aziz and Alex discuss a recent news headline about a soccer player who hid his net worth from his wife. The response to this story has been divided among men and women, with some seeing it as an intelligent move and others as unfair. Aziz and Alex delve into gaming the system and the motivations behind the soccer player's actions. While they don't condone the behavior, exploring how people try to avoid taxes and protect their assets is interesting.
Knowing the System
[00:03:29]
It's interesting to understand the idea of knowing the system to maximize benefits and minimize liabilities. Anderson Business Advisors is an example of a team that helps people structure their business in a way advantageous for taxes and protection against liabilities. Alex also highlights the importance of seeking expert advice in managing assets, as it's unlikely for a 19-year-old to know to funnel millions of dollars outside the country. He is also amazed by the net worth of over $70 million and the earnings of a few hundred thousand dollars a month of the person being discussed. He thinks it's ridiculous that the person's wife might have to pay him half of her money.
Alex’s Student Loans
[00:06:42]
Alex had over $200,000 in federal student loans after law school. Instead of paying it all out of pocket, he registered under the loan forgiveness program and paid the bare minimum, which allowed him to invest his money elsewhere. He knew how the program worked because he had previously managed student loan portfolios at the federal Department of Education. Last year, his loans were forgiven, which he framed as his best day ever. He believes that most people are not aware of these possibilities and that knowledge is power when it comes to working the system.
The Takeaways to Try and Be Smart
[00:10:15]
To be competent, we must acknowledge that we don't know what we don't know. One takeaway is to find an advisor knowledgeable and experienced in the field. Networking with others who are navigating similar areas can also be helpful. Look at successful people and learn from their strategies and loopholes. Finding a professional who is also an investor is another good idea. Ultimately, it's crucial to know the system and surround yourself with creative advisors who will structure things in a way that benefits you and your business.
Screw the Stock Market Podcast: Screw the Stock Market
YouTube: YouTube
Instagram: Instagram
Audible: Screw the Stock Market
Knowing the SystemAlex’s Student LoansThe Takeaways to Try and Be SmartResources:Spotify: Spotify
In today's episode, Alex and Aziz welcome a special repeat guest, Chris Miles, who recently visited the show and shared his inspiring story of achieving financial freedom despite setbacks. This time around, Chris delves deeper into the specific tactics, strategies, asset classes, and tools he uses and teaches others to use to attain financial freedom in a shorter timeframe. It's a must-listen episode where you'll want your notebook handy to take notes.
[00:00:00]
About the Guest
[00:04:39]
Chris was a financial advisor but left the industry after realizing it wasn't helping people achieve financial freedom. He became financially independent through business and real estate but lost everything in the recession and went over a million dollars in debt. He worked his way back to financial freedom and now teaches others how to do the same. He focuses on helping people get out of the rat race by strategizing and connecting them with deals that enable them to work because they want to, not because they have to.
Strategies for Achieving Financial Freedom
[00:07:19]
Several strategies can help individuals achieve financial freedom, including:
- Turnkey Real Estate: Buy renovated, managed properties for passive income with little management required, but it can be expensive and have lower returns.
- Franchising: Invest in an established brand recognition and support business model, providing a stable income with less risk and time investment. However, initial investment and ongoing fees can be high.
- Funds: Invest in mutual or exchange-traded funds for diversification and professional management, but management fees and market fluctuations can impact returns.
- Syndications: Pool funds with other investors to invest in larger real estate projects to access bigger investments. However, there is a higher risk due to market performance and syndicator expertise.
- Short-term lending: Lend money through peer-to-peer platforms for high returns, but it involves a higher level of risk, requiring careful evaluation of borrowers and potential default risks.
- Partnerships: Collaborate with others to invest in real estate or businesses, with access to larger investments and shared risks and rewards, but conflicts and disagreements may arise, and success depends on the expertise of all involved.
Debt versus Equity Fund[00:19:53]Debt funds usually pay a fixed interest rate and have a lower risk but no potential for gains beyond that rate. Equity funds offer potential for gains beyond a minimum rate and the possibility of tax benefits but also carry more risk. Syndications are similar to funds but maybe for a specific property or deal. They often require accreditation and offer a percentage ownership in the asset. Syndications can cover many assets, including apartments, warehouses, self-storage, car washes, and oil and gas.
How to Start Investing with Small Amounts of Money
[00:44:26]
If you want to invest with little money, consider infinite banking or funds with a low minimum investment. However, don't stress if you don't have at least $50-100k yet. Focus on building your savings to at least $100k before investing in more advanced options like syndications. Turnkey properties and lower investment funds are good options for those with less than a quarter million dollars. Focus on increasing income and managing expenses to build momentum towards your investment goals.
To connect with Chris:
YouTube: YouTube
Apple Podcast: Money Ripples
Money Ripples website: https://moneyripples.com/
LinkedIn: LinkedIn
About the GuestStrategies for Achieving Financial FreedomDebt versus Equity FundHow to Start Investing with Small Amounts of MoneyResources:Twitter: Twitter
Investing in Alternative Assets with Eric FrancomRecap of the Episode
[00:00:11]
Today, Alex and Aziz have guest Eric Francom on the show. He's investing in alternative assets, including venture capital and private equity. He gets in on the ground floor of seed round fundings for businesses and corporations, like Google before it was Google. Despite not all companies becoming mega unicorns, they still become profitable. Eric started as a dentist and used his income and practice sales to achieve greater success. This conversation is great for medical professionals looking to improve their finances and careers.
[00:04:08]
Eric started as a dentist, owning and selling three practices to private equity groups. He increased his net worth and passive income four times over and now invests in commercial real estate, private equity, and VC funds. He teaches others to achieve financial freedom through his private coaching and mastermind platform, infinitefreedom.com. He believes private equity and venture capital are the ideal portfolios, with a 30% allocation, and brings top-quartile deal flow to his group.
[00:08:28]
Private equity and venture capital can be difficult to define and have some overlap. Still, generally, venture capital invests in early-stage companies, while private equity focuses on more established companies. Venture capital primarily focuses on investing in businesses, while private equity can invest in a wider range of assets. The goal of venture capital is often for private equity to buy up the company eventually or to go public.
[00:09:47]
Investing in syndication or fund for companies can be a good alternative to venture capital. Some funds have a "spray and pray" approach, diversifying across many startups and hoping for a few big successes. As the fund mentioned, others focus on strategic investments in stable, established companies with a track record of success. While the minimum investment in these types of funds can be high, it's possible to negotiate lower amounts by pooling funds with others. This allows more people to access these deals and potentially see good returns.
[00:16:35]
Eric transitioned from dentistry to private equity by recognizing that the ultra-wealthy tend to invest in real estate and private equity/venture capital. He wanted to follow this path toward building wealth. He sold his practices, hired expensive coaches, and only considered investments projected to have over 36% year-on-year returns. He believes that investing in oneself and being part of investment groups can help to connect clients with high-return deals.
[00:21:30]
Investing is a crucial part of building wealth, but before jumping into an opportunity, it's important to conduct due diligence and research to ensure it's worth your investment. While investing alongside experienced investors can provide some reassurance, it's still important to do your own research and look for deals that are not commonly known or available to the public. Additionally, investing in your own knowledge and network can be just as crucial as investing in a particular opportunity. By learning from those who have already succeeded and surrounding yourself with other experts in the field, you can accelerate your learning and growth and ultimately increase your chances of success in investing.
[00:36:37]
The key to infinite freedom is balancing letting your money work for you and investing in a positive mindset. Don't settle for less, and find something that moves your soul. Happiness leads to success in all areas of life, including wealth, health, and relationships.
To connect with Eric:
Website: https://ericfrancom.com/
LinkedIn: LinkedIn
About the SpeakerDifference between Private Equity and Venture CapitalInvesting in a Syndication versus Venture CapitalFrom a Dentist to the Private Equity WorldProcess of Vetting for an OpportunityEric’s Words of WisdomResources:
Recap of the Episode
[00:00:00]
Chris Miles is today's guest and perfectly aligned with Alex and Aziz's views on the stock market. He shared his journey to financial freedom and his story of losing it all and bouncing back, a classic entrepreneurial tale. His stories were highly relevant in light of recent events, and he achieved success by leveraging his networks and pursuing cash flow. Against all odds, he broke free from the rat race, making this an awesome episode.
[00:03:11]
Chris Miles is a cash flow expert and anti-financial advisor who has achieved financial independence twice. He has a proven track record of helping clients increase their cash flow by almost $300 million in the last 12 years through his company Money Ripples. He's been featured on US News, CNN Money, and Entrepreneurs on Fire.
[00:05:12]
Chris didn't start out with a good knowledge of money. He was raised by hardworking parents who had a scarcity mindset and didn't have a good handle on money. Chris wanted to do something different and become an entrepreneur. He dropped out of college to become a financial advisor to learn about money and to help his dad have a better financial future. However, when Chris looked at his dad's financial situation, he realized that following the advice of financial advisors didn't work and that he needed to find another way. This led Chris to discover real estate investing, which became his path to financial freedom.
[00:12:50]
A former financial advisor, Chris became a millionaire by focusing on cash flow instead of saving for a large nest egg. He generated passive income through real estate investments and also created an active income stream by partnering with a mortgage broker. He referred clients to the broker and received a 50% commission on the deals. He also found other opportunities to receive referral fees for connecting people with certain services. By combining these income streams, he could make $4,000 to $5,000 per month and achieve financial independence.
[00:28:58]
Financial freedom is emotional, and fear and scarcity can prevent true freedom. It's important to protect your money from market volatility and educate yourself on alternative investments that provide stable cash flow, such as real estate. With smart investment choices, it's possible to achieve financial independence and live on more than quadruple the income you were supposed to have.
[00:33:15]
Chris became financially independent twice. The first time was in 2007 when he partnered with Garrett Gunderson to create a company to help people gather wealth. However, he cut off his other income streams and became lazy and arrogant. He was getting greedy, trying to go for bigger properties with fluctuating price fluctuations. Eventually, he went from a millionaire to an upside-down millionaire in about a year. He had to dig out of the hole and become financially independent again, which he did with the help of hundreds of people he helped to free up cash flow through his website, which helped him get lean and mean. Ironically, after foreclosing on his house, money started flooding back in.
[00:42:28]
Adding value to others by solving problems is the key to success and creating wealth. As an investor, creating opportunities and serving multiple directions can lead to success. The real economic engine is creating value for others and identifying how an investment provides value is important. The ultimate measure of success is the legacy and ripple effect one leaves behind. One should strive to impact people's lives positively and create a new legacy.
YouTube: YouTube
Apple Podcast: Money Ripples
Money Ripples website: https://moneyripples.com/
LinkedIn: LinkedIn
About the GuestHow Chris StartedFrom Financial Advisor to MillionaireFinancial Freedom and FearBecoming Financially-Independent TwiceCreating Value & a LegacyResources:To connect with Chris:Twitter: Twitter
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Kim Meredith Hampton is a Licensed Broker and Property Manager in the State of Florida.
She owns 3 Investor Sales, Property Management, and Short Term offices with over 2500 single, multi-family and commercial properties in our management portfolio. We are a Regional Management firm.
Today's episode is a time-out episode where Alex and Aziz discuss the importance of knowing your lane in investing. Alex is in a hotel room in Danville, Virginia, checking out some properties, while Aziz is at the home office. They have encountered people who don't understand who they are as investors. The discussion revolves around the difference between how you view yourself as an investor and how you behave.
[00:02:23]
There are two types of investors - passive and active. Active investors put in a lot of work, effort, and time, while passive investors want their money to work for them. It is essential to know which type of investor you are and stick to your lane. Passive investing is your lane if you're making good money with your nine-to-five job and don't have the energy for something else. If you want to shift lanes in the future, you must make that conscious decision. It's crucial to view yourself realistically as an investor and choose the right lane for yourself.
Alex’s Height and its Reference to Investing[00:03:22]In this episode, Alex shares a story from his high school days about his height and dreams of playing in the NBA. The doctor predicted that he would grow to be six feet seven inches tall, but he stopped growing after hearing that. Despite this, Alex was still invested in basketball and attended various camps, including one at Georgetown University. During a lecture at the camp, he learned the importance of knowing your role and playing to your strengths. This lesson applies to investing as well. As an investor, you must reflect on your strengths, time, and situation and bring what you need to achieve your goals and succeed as a team. So, whether you're a passive or active investor, it's essential to know your lane and stick to it until you're ready to make a conscious decision to shift lanes.
Specific Examples of Experiences with Investors[00:05:09]Alex received a referral from a close friend about a potential partnership with a big-time real estate investor for a syndication deal. The deal involved a group of investors collectively investing together, with Alex's team serving as the active managers and the passive investors putting in their money. The interested investor liked the deal and offered to take the whole thing. However, the team had already raised money from other investors and couldn't take on another active investor. The deal fell through, but six months later, another opportunity arose, and the same investor offered to take the whole thing again. It was clear that he wanted to be an active investor, but the team couldn't accommodate him due to the existing structure in place.
[00:07:27]
On the other hand, some investors have told Alex that they are not interested in syndication and prefer to have hands-on control over their investments. Alex finds this interesting because investors in the stock market have no direct control over company decisions, unlike in syndication, where they can still have a say in managing their money. Despite this, Alex respects their preferences and keeps them in mind for joint venture opportunities for smaller deals. Overall, syndication and fund of funds structures are more suitable for busy professionals who make good money.
Knowing Who You Are as an Investor[00:09:22]For instance, a high-paid doctor who already covers their living expenses may not require cash flow as much and may prefer to invest where their money will grow quickly and safely. In contrast, other high-income earners working themselves to death may require cash flow to retire and quit their job in the next five years. Therefore, knowing yourself is vital when choosing attractive deals and teams and structuring everything properly. This makes our job easier when working with investors since fighting them on every deal due to conflicting objectives causes a lot of stress.
In this episode, we have invited Raquel Adkins, a powerhouse entrepreneur and real estate investor. With her degree in business administration, she has not only managed property but also founded two successful startup businesses that sold for great profits - the perfect experience to step into commercial real estate investment. Today, Raquel guides investors to invest strategically to build wealth, find good deals, and grow as an investor.
Way To Wealth
[4:33]
Raquel sees real estate investment as a way to achieve financial independence, but it will be a long journey, so she advises people to stay consistent and know why they want to invest in real estate.
[9:13]
Raquel invested in real estate because she wanted to build wealth more than having cash in hand. After searching for ways to achieve her goal, she came across the BRRRR Strategy, a common strategy used by successful millionaires and established people.
[14:37]
In starting her investment in the multifamily industry, Raquel put herself in a situation to be lucky, and she changed her mindset. She did everything she learned from the program, podcast, or mentor to become a millionaire.
Mindset
[13:41]
For Raquel, coming up with your “why”, thinking big about her goals, and having affirmations are some of the mindset changes she incorporated in her life.
Multifamily Investments
[19:47]
Raquel finds Schedule B type of Multifamily investment to be the hardest as you can only promote homes to people who have established relationships with you. In contrast, investors can advertise Schedule C type of Multifamily anywhere, but only accredited investors can invest, which makes both kinds of Multifamily Homes have downsides.
[25:26]
What Raquel did to have investors is she made a list of people and called them every day to ask if there was someone they knew interested in investing in Multifamily homes. Let people know you’re investing in Multifamily homes and take the chance to create a social media to talk to people and educate them about what Multifamily investment is.
[32:28]
She chose Multifamily investment because it has a hedge against inflation. As a mentor, she wanted to teach people about investing in multifamily instead of stocks or bonds because it is a steady investment.
[33:38]
Being a Limited Partner or General Partner are two ways to start investing in Real Estate. Another thing Raquel loves about investing in Multifamily is people can get monthly cash flow.
[38:18]
Raquel had some investors question her about how they would invest with her if she raises rent when people were getting less money.
Asset Management
[40:28]
For Raquel, she shines in asset management, which what she does is overseeing the whole operation of property management. She spends time in weekly meetings and talks about the status of units and rents, while his husband works on the rehab side of Multifamily homes.
[43:28]
Raquel’s ultimate goal is to own a property for each of her children to have the cash flow to do whatever they want in the future.
Question and Answer
[50:01]
Raquel encourages anyone investing to check the location of the asset before because that’s how you’re going to sell it to Capital Raisers, check how the property is running and its value, then create a package of the business and shop around to people.
[58:27]
Hiring a Property Management team for Raquel is essential because she explained that it would help delegate some tasks to manage the property better. Choosing your partner is also very important for her.
[1:02:51]
When Raquel wants to find the properties she’d like to rent a deal, she finds brokers to do the job for her.
Jacqueline Rodriguez: Talking Mindset with a Certified Master Neuro-Coach “Look at what it is that you want. And let yourself take those steps to start believing it.”
Recap of the Episode [00:00:30]
Today, we're discussing the topic of mindset with our guest, Jacquelyn Rodriguez. Jacquelyn is a certified neuro coach and an entrepreneur. She's here to share her expertise on how to take control of our mindset. Whether you're an investor, entrepreneur, or real estate investor, your mindset is the foundation for every action you take. We're excited to have Jacquelyn on the show to share her insights.
[00:01:11]
She discusses the importance of mindset in achieving success. Oftentimes, when people first hear the term mindset, they may think it's not important or substantial. However, she believes that mindset is the foundation for everything we do. She explains that when she first started learning about mindset, she used to think of it as "fufu stuff" and didn't think it was important. But over time, she realized that it's a pivotal component in achieving anything. Whether you're an entrepreneur, investor, or anyone else, your mindset is the foundation for every action you take.
One of the key takeaways that she shares is that she rejects the idea of "fake it till you make it." Instead, she recommends an alternative approach that focuses on taking action and learning as you go. She believes this approach is much more effective than pretending to be something you're not. Overall, she believes that mindset is the key to achieving success and encourages people to take control of their mindset to achieve their goals.
About the Guest [00:07:19]
Jacquelyn is an entrepreneur at heart who started her journey in cosmetology. She had a passion for people, transformation, and connection in her work. She started her own business many years later during a difficult time after the 2008 recession. Despite the challenges she faced, she took the leap of faith and trusted in her instincts, which led her to own a salon and expand her skills in coaching on a larger scale. Her journey has taught her to trust her instincts even when she couldn't see the results, and it has led her to make an impact in the world.
How Jacquelyn Lost Her Home [00:10:32]
Jacquelyn and her husband lost their home during the 2008 recession. They were young, had a family, and lived the American dream. But when her husband lost his job, and the market crashed, they couldn't find work and went deeper into debt. They made the difficult decision to foreclose their home and move. It was hard at the time, but she realized later that it was for the best. She was able to build a business she never would have been able to if she stayed in her comfortable but unfulfilling life. Everything happens for a reason, and it may take a while to understand, but it will be worth it in the end.
What Does A Neuro Coach Do? [00:14:22]
As a certified neuro coach, Jacquelyn helps clients identify and change subconscious thoughts and beliefs holding them back. These thoughts and beliefs can come up automatically and prevent people from achieving their goals. Jacquelyn uses a proven technique that includes meditation and energy work to help her clients identify and replace limiting beliefs with ones that will help them achieve their goals. She can also recognize and shift negative thoughts much quicker, allowing her clients to see new possibilities and move forward. This technique helps her clients to shift the way they feel and think and recognize the thoughts that are not serving them, which ultimately helps them to take control of their mindset and achieve their goals.
How She has Incorporated Neuro Coaching in her Business [00:16:45]
Starting a business can be scary, and it's not something that is commonly taught, but it requires taking risks and not being able to see the results in the beginning. Jacquelyn started her business with no capital or proven model, but she trusted her intuition. Neuro-coaching helped her shift her mindset; instead of being scared and taking a long time to make decisions, she could identify the underlying fear and beliefs that were holding her back. By recognizing and breaking down these limiting beliefs, she was able to make decisions that went against the grain and worked out beautifully for her. She has incorporated neuro-coaching in her business which helps her to take control of her mindset and achieve her goals.
Connection Between Mindset and Achieving Goals [00:23:51]
The connection between mindset and achieving our goals is crucial. Our mindset is the foundation for every action we take and determines our ability to achieve our goals. Without the right mindset, we may struggle to take action and be held back by limiting beliefs and fears. A positive and resilient mindset can help us to overcome obstacles, take action and achieve our goals. It may seem like a simple concept, but it can be hard for some people to understand the importance of mindset. They may think it's wishy-washy or hokey-pokey stuff, but it's essential to understand how our thoughts and beliefs can impact our ability to achieve our goals and live the life we dream of.
[00:26:29]
Our mindsets are on autopilot, and our brain has formed beliefs that it thinks are best for us. However, some of these beliefs may no longer serve us as we grow and change. A neuro coach can help identify these subconscious beliefs and determine whether they are helpful. It is important to remember that this process has no shame or blame. Some belief systems can be layered and may take time to change. It's about recognizing them, having fun with the process, and rewiring our thinking instead of blaming ourselves for not knowing or understanding them earlier. It is important to remember that everything happens for a reason, and we can change things for the better.
Beginning Your Journey to Change [00:32:20]
To change your mindset, you need to start with awareness. Recognize the thoughts holding you back, look for patterns, and become aware of the subconscious thoughts stopping you from achieving your goals. The next step is clarity, understanding what you want and why you want it. Followed by erasing old thoughts that are not serving you and replacing them with new ones that will help you achieve your goals. The last step is automation, making new thoughts and beliefs a habit. With this system, you can clearly understand your goals and why you want to achieve them. When you have a clear goal, the dream becomes bigger than staying in your comfort zone, and the discomfort becomes worth it.
The Virtue of Commitment [00:41:42]
Commitment is the key to achieving our goals and reaching our full potential. It is believing in something we cannot see, but we know we want it badly. When we take committed action, we start to believe in ourselves and see the results. But when we don't take that committed action, we're just proving to ourselves that we're not good enough and that success is only for other people. That's why commitment is crucial; it means taking action even when it feels uncomfortable and difficult. It's about staying true to our goals and pushing through even when things get tough. It's about being persistent and consistent in achieving our dreams. Without commitment, we'll never reach our true potential and live the life we want.
Jacquelyn’s Advice to the Listeners [00:48:04]
Jacquelyn's advice is to take that one step toward your goal. Whether starting a business or making a plan, don't wait for tomorrow. Success, business, and money all love speed. Be confident in your decisions, even if they don't work out. It's okay; it means nothing about you; you learned a lesson, and you can move on. She also emphasizes the importance of taking committed action now and not waiting. The world needs you, and whoever you're going to work with or help is waiting for you to guide them. So don't wait any longer.
How to Connect with Jacquelyn Rodriguez: LinkedIn: LinkedIn
Facebook: Facebook
Instagram: Instagram
TikTok: TikTok
Website: https://www.cleanbeautybiz.com/
Pranay Parikh From | Doctor to Real Estate Investor Today on the show, we have a special guest, Pranay Parikh, an accomplished passive investor. Pranay has had a remarkable track record in acquiring a significant amount of assets quickly. We are eager to hear about his journey in the industry and learn more about his strategies. Join us as we dive into the world of passive investing with Pranay.
About the Guest [00:02:47]
Pranay, born and raised in California as the child of immigrant parents, feels he won the lottery by being born where he was. His father, who he visited often, came from a small town in India with limited resources. But through education, he became an engineer and worked in Silicon Valley, which ultimately changed the trajectory of his life. After becoming a hospitalist and completing his residency, Pranay realized that traditional retirement plans like a 401k would not allow him the freedom and flexibility to practice medicine the way he wanted. This led him to explore real estate and eventually passive real estate investing through syndications.
How He Got into Real Estate [00:04:21]
Pranay had experience with active real estate, which involves buying properties and becoming a landlord. However, after having some success with his first property, a four-unit building a couple of blocks from the water, he found that finding and managing properties was taking up too much time and effort. This led him to discover passive real estate investing, where he could invest in properties managed by others, similar to a hedge fund. With this approach, he let others handle most of the work, including finding and renovating properties, while still earning a return. Additionally, he realized that these other professionals could run the business much more efficiently than he could as a full-time medical doctor.
Pranay believed he had reached the end of his journey in real estate investing. He had taught others how to find good deals, vet them, and negotiate the terms. However, he found that many of these individuals were not interested in doing the necessary work. This led him to consider a new approach - pooling his money with other investors to invest in deals as a group. This would allow him to access better deals with better terms. And thus, Ascent Equity Group was formed. Over time, Pranay recognized that not only was he able to invest in larger deals, but he also could buy the entire deal himself.
Pranay’s Course [00:06:01]
Pranay and his team created a course hosted on Kajabi, designed for individuals with little to no knowledge about real estate investing. The course aims to teach them how to find and invest in deals called Country Club Deals. These types of deals were previously only available to certain individuals before 2012, and even now, they can only be accessed by accredited investors - those who make over $200,000 per year for two years or $300,000 as a couple for two years or have a net worth over a million dollars. Additionally, there are certain tests like Series 65 and Series seven that individuals can take to become an accredited investor and understand alternative investments, not just limited to stocks.
The team's goal was to educate people and prevent them from getting into bad deals without the proper knowledge. Many times, high-net-worth individuals and professionals, such as doctors, are targeted by people who want to sell high-fee investments like mutual funds or real estate. That's the main reason for creating this course, to educate and empower people to make informed and smart investment decisions.
How Pranay and Operators’ Deals [00:09:45]
Pranay states that his group is in a unique position where they don't have to go out and find deals as they come to them. The reason is that they provide a lot of value to the operators, the individuals responsible for the day-to-day running of the properties. They handle all the investors and bring all the money to the table, but they also assist with operations. For example, he compares their role to that of a convenience store owner who is busy working 9-5 and doesn't have time to bring in more customers or change prices. Because his group doesn't handle the maintenance or leasing, they can think bigger and figure out how to maximize profit for all of their investors. This is a big win for the operators, and that's why they bring them deals. And for the investors, bring the deal, negotiate, and have real control over what happens and what doesn't happen because of their involvement in the operations.
How Operators Find Pranay [00:12:05]
Pranay and his team are actively seeking out a specific caliber of operators in their real estate investments. They look for individuals with billions of dollars under management, a strong track record of buying and selling properties, and 20% per year or higher returns. They connect with these potential operators but also vet them at a much deeper level than Pranay could do individually. For example, when they present an opportunity to sponsor and write checks of 15 million dollars, the operators will provide all their financial records and showcase all their properties which enables Pranay and the team to have a much deeper understanding of their business, returns, and properties.
Scaling through the Operators [00:13:29]
Pranay has achieved success by continually pushing himself to do more. One of the reasons for his success is that he built an audience before launching his business or product. He established a personal brand by writing a blog, speaking at conferences, and even hosting his own podcast. With this following already in place, Pranay could scale his business to new heights. He emphasizes that this achievement did not happen overnight; it took years of hard work and dedication to build the audience he has today.
Biggest Lessons in Passive Investing [00:15:51]
The key takeaway when investing, whether in your own investments or buying stocks, is always to push yourself to do more. It's important to strive for personal growth and to challenge yourself regularly. This means striving to fail at least once a month, as it's a sign that you are pushing yourself to reach new heights. If you haven't failed in the past six months, likely, you are not pushing yourself hard enough. It's also important to step out of your comfort zone and try new things, even if it makes you uncomfortable. He also emphasizes that the product or investment you are considering to invest in should be good and not something that is not worth investing in, to avoid any catch-back in the future.
How Pranay Could Have Gone Bigger at the Beginning [00:21:27]
Pranay and his team are happy with their approach, and he wouldn't have done things differently. He talks about a recent deal they made, and even though it was small, it was a perfect fit for their current need. He acknowledges that timing is also a factor in investments, as the end of the year tends to be slower as people try to offset gains or make up for missed opportunities. He also mentions that the end of the year is a busy time for people to make up any investments they might have missed earlier in the year.
How Pranay Has Grown His List [00:26:24]
Pranay hired an agency called Interview Valet, which he finds excellent but expensive. He notes that it depends on whether or not he has a team to apply for him to be on podcasts. He mentions it's hard to determine a clear return on investment and that it provides credibility but may not have an immediate ROI. He expresses that he enjoys talking to people and that one of his goals is to meet interesting people through his own podcast and guest on others. Pranay mentions he has used Facebook ads and sponsored conferences and has a media company that provides him with free advertisement. He suggests that his cost for acquisition would be higher without the brand he has.
Pranay’s Podcast [00:30:28]
Pranay created a podcast called From MD Podcast that discusses his journey of becoming an entrepreneur. Pranay mentions that many people from first-generation backgrounds, especially their parents, tend to want them to become doctors, lawyers, or engineers. However, Pranay explains that becoming one of these professions does not necessarily mean that one has achieved the life one wants and that, despite the decent salary, these professions still involve trading time for money.
[00:32:52]
The podcast covers his entrepreneurial journey, including his experiences in multiple businesses, and features interviews with industry experts who have accomplished interesting things. He aims to present a balanced perspective on entrepreneurship by discussing various topics, such as the effects of past traumas on potential and the loneliness that can come with being an entrepreneur. He also mentions that he believes there is a culture now of people looking for side hustles or side gigs and that often only the positive aspects are emphasized, so he wants to present a holistic view of entrepreneurship.
Pranay’s Future Plans [00:38:46]
Pranay is interested in becoming a venture capitalist in the real estate industry. By doing so, he would have the opportunity to invest in a diverse range of real estate projects and companies, including those for which he may not have prior experience. He believes that by providing capital to these projects, he could help support those who may not have traditional access to funding, such as minority-owned businesses or those in underinvested communities. He is excited about the potential to be more inclusive and take more risks by investing through a fund structure. Pranay is currently working towards building his experience and resources to move towards this goal.
To connect with Pranay: LinkedIn: LinkedIn
Ascent Equity Group Website: https://ascentequitygroup.com/
Pranay’s Email: pranayy@ascentequitygroup.com.
From MD Company Website: https://www.frommd.com/
Apple Podcast: From MD Podcast
Lane Kawaoka: Lessons for a Passive Real Estate Investor Recap of the episode [00:00:12]
In today’s episode, Lane Kawaoka focuses on helping his clients and his network grow their wealth. He's a multi-family apartment investor, a syndicator with over 6,000 units, and it was an interesting and enlightening session. However, it can be a little demoralizing for those who are just getting started, but it’s just a reality check.
He points out that you need to have the money to jump into this game and get to the point where you become wealthy, but you do need the startup capital and the kind of discipline and the ability to gain that capital, to begin with. The episode was eye-opening, and some people would view it as a starting point to getting their life together.
[00:02:11]
He's talked about how investing in a single-family fix and flip, turnkey, small-scale real estate could be a way to get to that level first and then, once there, build up enough wealth to get into the real game. If you have that path, you have to get accredited first and then have access to any private placement any investment opportunity. You can start to make money, and your wealth will grow acceleratedly.
Screw the Stock Market’s New E-book The Screw the Stock Market Show has a new e-book that has just been released, and you can download it at screwthestockmarket.com/ebook. It’s about reviewing many of the lessons that the podcast has captured throughout all of the show's episodes so far, and we’ve taken nuggets from it to capture valuable lessons and nuggets that we've learned ourselves. We want that to be a nice, easy read for everyone.
About the Guest [00:06:18]
Lane is a Licensed Professional Civil/Industrial Engineer who has been investing since 2009. They bought a property in rainy Seattle and later moved their portfolio into 11 single-family rentals in Birmingham, Atlanta, Indianapolis, and Pennsylvania. Due to the demand for affordable housing, Lane is now investing in syndications that invest in Class C & B Multi-Family Apartments, RV Parks, mobile homes, and assisted living facilities. Their mission is to help regular people access good deals previously only available to the wealthy.
Frustrated by the lack of genuine real estate education programs, Lane created a website to help the middle class dispel the Wall Street dogma of traditional wealth-building and offer an alternative to "garbage" investments in 401Ks and mutual funds. They provide free investing education, podcasts, networking, and access to investment opportunities not available to the general public. The passive income from their rental properties allowed Lane to move back to Hawaii, where they could live a lifestyle where they could bike to work. Eventually, Lane was able to quit their day job and trade in their e-bike for a Mercedes. In 2018, Lane paid 4% in taxes.
A Map-out for Early Retirement [00:12:15]
Lane shares his personal experience because he took it for granted, and it took him a lot longer. He also made a lot of mistakes along the way. In 2009, he bought his first rental property in Seattle, Washington. It took a couple more years for him to buy his next rental property in the same area. However, he learned that investing in high-appreciation markets like Seattle was not the best strategy because a recession could hit them hard. Instead, he focuses on investing in cash flow properties in red states where landlord laws are favorable, and the states are more growth-oriented. He invests in Phoenix, Arizona, Houston, Dallas, and Alabama these days.
[00:14:18]
By 2015, he had bought 11 rental properties in places like Birmingham, Atlanta, Indianapolis, and Pennsylvania, following the simple 1% rule where he took the monthly rents divided by the purchase price and looked for something that was 1% or higher. However, he later realized that accredited and higher net-worth investors only sometimes invest in rental properties. He advises people good with saving money and not buying a house until their net worth is at least two or three times the house price. For example, if you are buying a $500,000 house, you should not buy it until your net worth is at least $1.5 million or $1 million. He has learned that what gets you to a $1 million net worth is not the same as what will get you to $5 million or higher. It is all a game of wealth building; what works at one stage may not work at another.
Definition of Accredited Investors [00:15:50]
An accredited investor is a person or entity legally permitted to invest in securities offerings that are not registered with financial regulatory authorities. In the United States, an accredited investor must meet certain criteria, such as having a net worth of over $1 million or an annual income of over $200,000 (or $300,000 for married couples). The Securities and Exchange Commission (SEC) established the definition of an accredited investor. It is intended to protect retail investors by limiting access to investments that may be too risky or complex for them. Accredited investors are considered more financially sophisticated and able to bear the risks of these types of investments.
Lane’s Journey in Multi-family Apartments [00:26:52]
He had a full-time day job and valued his sanity and time, but with 11 rental properties producing a few hundred dollars of cash flow each, he received $3,000 of passive income per month. While this was a nice additional income, it was not enough to sustain an American family. He estimates that he would need around 30 properties to achieve a sufficient level of passive income. He experienced an eviction about once or twice a year and some kind of big catastrophe about once a quarter. His property manager handled these issues for him.
Transitioning From a Low-income Earner to an Investor [00:33:13]
Wall Street companies make so much money because many people are lazy and prefer to be passive investors rather than actively seeking out alternative investments. These alternative investments often require more effort and research, such as building relationships and getting off the beaten path. However, they can offer better returns and the potential to navigate potential pitfalls by finding a community of successful investors to follow. It is important to distinguish between legitimate middle market operators and those who are only successful at internet marketing.
[00:35:30]
He has made mistakes in the past as an investor, investing in a few people who ended up losing money. This was because they were not legitimate and did not follow through on their promises. The best way to avoid this is to build a relationship with other past investors, which takes more effort but allows you to determine who the real deal is. It is easy for anyone to create a fake track record and present it in a PDF, so it is important to do the extra work to verify their credibility.
How Lane Got to Where He is Now [00:36:24]
Lane advises consistently deploying money with the right people as passive investors to achieve good returns. If you can double your money every five years, you will be able to reach a high level of wealth, around $2.5 million, relatively quickly. Lane believes that choosing the right deals is one of the three key factors to success as a passive investor because it is important to avoid losing money by working with untrustworthy people. Lane suggests networking with other accredited, passive investors to find good opportunities.
[00:38:31]
The infinite banking strategy involves using a tax loophole to avoid paying taxes on life insurance gains and using life insurance to protect money from creditors and litigators. It can be thought of as a home equity line of credit, where the cash value increases as money are paid into the policy, similar to how equity in a mortgage increases as it is paid down. This strategy can be used by high-net-worth individuals who save a large amount of money each year and can achieve financial independence in a relatively short period of time.
Lane’s Advice to Doctors and Engineers on Real Estate Investment [00:41:11]
Real estate professional status is not related to being a licensed realtor but to actively participating in a real estate portfolio. This can vary for individuals, as some may have rental properties while others do not. The decision to invest in rental properties or not may depend on the potential savings and the level of hassle involved.
Lane’s Advice to Low-income Earners [00:43:52]
To achieve financial independence, it is important to save as much money as possible and be strategic about it. If you can save $50,000 per year, you will be able to invest in more opportunities and reach your goals more quickly than someone who can only save a smaller amount. However, if you cannot save as much, you may need to get creative with additional strategies, such as using an infinite banking policy to access loans at a low-interest rate. Ultimately, the goal is to find a balance that works for you and allows you to reach your financial goals.
[00:46:51]
Some people work hard and save a significant portion of their income but often pay the most in taxes. These individuals, who are often part of the shrinking middle class, deserve the opportunity to use alternative wealth-building strategies to improve their financial situation. It is not fair for only the very wealthy or those living off government subsidies to benefit from these strategies while those who contribute the most to society are left behind.
The Emergency Fund 2.0 [00:48:03]
Emergency Fund 2.0 creates an opportunity fund with liquid investments and infinite banking. One way to create an opportunity fund is by using liquid investments such as stocks, bonds, and mutual funds. These investments can be easily bought and sold, allowing you to take advantage of investment opportunities as they arise quickly.
Another way to create an opportunity fund is through infinite banking. With infinite banking, you can use the cash value of your life insurance policy as a source of funding for investment opportunities rather than taking out a traditional loan from a bank. This can be a good option for those who want a flexible funding source that can be used for various purposes, including investing in opportunities as they arise.
Connect with Lane Kawaoka: LinkedIn: LinkedIn
Website: https://linktr.ee/laneKawaoka
Twitter: Twitter
YouTube: YouTube
For more events, check out - https://simplepassivecashflow.com/events/.
Recap of the show [00:00:25]
This episode with Cody Davis is awesome. It is great, very actionable, and direct. Cody talks about his journey and his steps, which resonates well with basically what the Screw the Stock Market Podcast does. To sum it up in something more succinct, he essentially talks about how he went from being a broke college student and a recent college graduate to owning a resort and $5 million in real estate.
About the Guest [00:05:03]
Cody had $3,000 saved up, a mix of working as a gymnastics coach but stopped when he got into real estate. He graduated high school in 2018, jumped straight into Tacoma Community College, and didn't want a bunch of student loans or any debts. He got his real estate license shortly and posted on a Facebook real estate group that he was looking for a mentor. Someone invited him to the real estate brokerage; all he needed was a license. After nine months of trying, he got his first seller finance through an old gymnastics buddy. Fast forward three years, he had bought his first 12 plex, and today he has 108 rental units in a resort without a bank loan.
How He Bought His First Property [00:08:11]
Cody worked as a real estate agent in Seattle, Washington, and became interested in investing in real estate after a deal fell through. Using the multiple listing service, he found a 12-unit apartment complex that had been on the market for a long time and negotiated a purchase with seller financing. However, the purchase required a down payment of approximately $125,000, which proved to be a challenge for Davis as a young person with little income or assets. To obtain the necessary funds, he had to consider options such as seeking a partner or investors, taking out a loan, using credit, or negotiating a longer term for the seller financing. He ultimately had to choose the best approach based on his specific financial situation and the terms of the deal.
How Cody Financed His Deals [00:16:29]
Due to his age and financial history, Cody had limited options when it came to financial products that he could qualify for. He could not secure financing through FHA loans, and many traditional funding sources were unwilling to lend to him due to his limited financial resources. In light of these challenges, he decided to explore the option of seller financing as a way to fund his real estate purchases. Despite his lack of financial resources and real estate experience, he successfully used this kind of financing to fund all eight of his real estate purchases.
[00:17:41]
Cody says that trust is everything. When you get a takeaway from somebody, you apply it, and then you let them know that you applied it, and it worked. That is how you build trust at the highest level. He learned from his dad that your reputation is worth more than anything. However, it is worth considering how he was able to secure seller financing in the first place, given that sellers typically want to be sure they will be paid back just as a bank would. Lending to an inexperienced and financially limited investor may seem risky.
What is Seller Financing? [00:21:05]
Seller financing is a type of financing in which the seller of a property or business extends a loan to the purchaser. Instead of the purchaser obtaining a mortgage or other loan from a traditional lender, such as a bank, the seller agrees to take on the role of the lender and provide the financing for the purchase. Seller financing can be an attractive option for both buyers and sellers. Still, it is important to review and understand the terms of the loan carefully and to consider the risks and responsibilities of acting as a lender.
Number of Times Cody has Done Seller Finance Deals [00:22:34]
He has done it 13 times and helped three clients do it on their acquisitions, from duplexes up to 8 plex, some in Central Washington and some in places like Kitsap County. So that'd be 16 times in the last 35 months, but it is repeatable if you keep it simple.
Cody’s Seller Finance Conversations [00:25:32]
The key to success in real estate investing is cultivating strong relationships. Those who excel in this field understand that it is a business centered on connections, and they work to develop their networks and approach opportunities with a mutually beneficial mindset. Rather than solely relying on data and self-promotion, the most successful investors know how to persuade others with compelling narratives and visions.
Instead of trying to sell an idea, Cody wants people to buy into who he is. To do this, he believes that everything he does must begin with building a relatable story and being relatable. This allows him to get in the room and start conversations with people. From there, Cody believes that these same people, whether sellers, buyers, brokers, or investors, will work with him if he has clear targets and goals.
What Made Cody Start Down this Path [00:38:26]
Cody agrees that he rented his audacity because he didn't own the confidence to do any of this. It was borrowed from shared authority and people who had done it before. “When you meet someone who's done something you want to do, you get to talk with them personally, and they tell you it is possible. And this is how you should do it. Your confidence goes up, and mine did anyways.” He met with all these rental property owners, and his confidence increased. He didn't know how to communicate and didn't understand how the conversations worked, the pacing, phrasing, but he learned it through meeting these owners. They gave him confidence in real estate, and he learned how to communicate.
Cody’s Education Platform [00:40:59]
Check out his YouTube channel, Cody And Christian - Multifamily Strategy, for the great information. Together with Christian, they have a course for which you can pay $349 a month, which comes with three months of actual consulting. Meetings are held three times a week: Monday, Tuesday, and Thursday. Monday is live Q&A, open forum; Tuesday’s deal is a deep-dive into people's deals and structuring debts because people need a little encouragement to push the terms. Thursdays is an actual lesson about asset management and building a team that structures private equity. This can all be found at https://themultifamilystrategy.com/.
Reaching Out to Sellers [00:49:52]
Everybody’s phone number is on Google! Find the big roofs on Google, and then go to the tax assessor website to figure out who owns it. If it's an LLC, you can take the LLC, put it on open corporates, and you can see who owns that LLC. Also, you can plug in that person and open corporates to see every LLC they own and see if they're a real player. If they're super famous, if you put in their name, the city they live in, and then the phone number, it'll give you the first six digits; then you have to copy the six digits, take out the phone number, and put in the six and then it'll give you the last three.
Connect with Cody Davis: LinkedIn: LinkedIn
YouTube: YouTube
Multifamily-Strategy Website: https://themultifamilystrategy.com/
Time-out Segment: Highlights from the Crypto World [00:00:27]
One of the world's top crypto trading platforms, FXT, collapsed a couple of weeks ago. A news article came out from a publication called CoinDesk, which found some weird connections between a crypto hedge fund called Alameda and FTX. It was found that FTX was using investors’ money and funneling it to Alameda and then using the money to play with it and invest for themselves. FTX used to be one of the big boys, and so it's causing ripple effects throughout the whole crypto market.
[00:02:33]
BlockFi is also filing bankruptcy because it had some financial ties with FTX. Not that they had done anything wrong, it's just how the whole system is interconnected, which caused issues that ended up hurting them.
[00:05:16]
Stability of Crypto Crypto these days is pretty much speculation, and in terms of what a lot of the currencies out there, the most stable ones get a lot of backlash from crypto people. Ethereum or Bitcoin is the biggest one out there, and so in terms of stability, they’re the most stable.
About the Guest [00:10:32]
Today we're talking to Marcin Drozd. He is a very experienced multifamily real estate investor who runs his own fund. Marcin is a trainer of multifamily real estate investing, and he will give us a lot of tools and tricks, and tips on exercises that we can do to become better communicators.
[00:11:37]
He started out in multifamily, working in a private equity firm in his early 20s, and before that, he bought houses. He had not made up his mind on his career path and got pulled into private equity and immediately went from looking at buying houses to real estate investing. Fast forward to 17 years later, and he’s happy to get into all that stuff here today.
What is a Private Equity Fund? [00:15:42]
Private equity funds are pools of money that can be used to invest in businesses with high-profit potential. They have a set investment horizon, usually between four and seven years, at the end of which the private equity firm wants to exit the investment successfully. Exit options include initial public offerings (IPOs) and the company's sales to another private equity firm or strategic buyers. Most typically, these funds are structured as SPS Special Purpose Entities where you have subsidiaries.
How Can Multifamily Help People with W2 Jobs? [00:17:57]
The first question you need to ask yourself is: Do I want to be a professional real estate investor? Do I want to invest in real estate? Because if you're sitting there with a W2, but you've got to invest somewhere, you're not just going to invest maybe in the stock market or whatever it is. Most people with W2s just want to invest in real estate and get to a point where eventually, that W2 doesn't tie them to the need to be there anymore. But by and large, most people love the idea of real estate; they just don't like making that their 24/7 job. When equity investors are nervous about writing a check because they see their 401k drop, things will get interesting, and that's when the real pros will come to the table.
[00:24:45]
When looking at deals, the starting point should always be: How do I get my money back? And then, the risk involved in getting your money back determines your perceived return relative to what you’re investing in. So when you determine how risky it is for you to get your money back, that determines what kind of return you think you should get relative to that investment.
What is Cap Rates? [00:27:39]
Calculated by dividing a property’s net operating income by its asset value, the cap rate is an assessment of the yield of a property over one year. For example: If you’re building for a million dollars cash, and that building after its operating expenses kicks off $100,000, that means that that building is a 10% cap
Rent Growth [00:34:16]
It’s safe to say that rent growth will be more aggressive for the next few years. For most people in many circumstances, interest rates and insurance are already massive, and with expected growth in rent in the next few years, interest rates will still keep rising. People must build their annual expense increases to ensure their cash does not run out. The whole thing about the rent growth is you're essentially trying to forecast, to some extent, inflation.
Passive Investing [00:39:28]
Passive investing doesn't mean you don't dispose of things; you certainly do that. So at a minimum, you provide financial statements on a per-annum basis, and you do quarterly updates to some extent, depending on how much excitement is going on in your business. And what you should be looking for is multiple ways to create an exit because, again, the return on capital is really important. So you can either exit from a refinance because when you can assess the risk of you getting your money back, you can better assess the potential risk that you're taking on relative to the kind of investment you're thinking of making.
Involvement of Investors in Underwriting [00:43:03]
It depends on the level in which you're operating and who you're investing with, and most of the time, the questions they ask are typically based on the business, the business plan, and some legal documents. Because if you ever look at the legal stuff, it's some of the wording is very scary. You got to work your way through it with people, make sure they're comfortable, and understand that there is a risk, it's not a guaranteed investment, and they just need to be comfortable with the potential risk involved.
The Fund Model [00:46:06]
Marcin is not the biggest fan of the fund model and strongly implores people to spend a lot of time getting deals and capital. The reason for it is: In the fund model, you have a lot of different moving parts; you have valuation issues between one asset compared to another, timing issues when somebody invests compared to what somebody else invests, and you have all kinds of different conversations that are happening concurrently.
It might be better for somebody to be part of a fun model with someone else before they try to start their own because there are so many things, and real estate is complicated enough. The fund model is a different world and industry with its own rules and expectations that have nothing to do with real estate yet; you need to abide by them. So Marcin’s suggestion is: If somebody wanted to get involved in a fund model, is to probably partner with somebody else already running it or somebody else that's already done it and hanging off their coattails a little bit because that is a very complicated thing just to undertake.
Multifamily as a Team Sport [00:51:28]
Multifamily is a team sport; you need to stay in your lane and become more proficient. For the professional real estate investor, there are three roles you can play that add the most value to a deal: Acquisitions, asset management, and capital-raising. Capital raising needs everything from debt, equity, structuring, and understanding how everything fits. The person overseeing capital raising often ends up being the CEO or more of a team builder because they are drawing the vision together, putting everything together, and showing people where they fit. These three roles in the business are the ones that drive the most value and are the three legs of the stool, whether you do it as syndication deal by deal or you're doing a fun model. Whatever you're doing those three, those three pillars need to be met.
Scaling of Funds [00:53:44]
You can only scale up your funds by keeping neat and comprehendible track records. As you look up the capital food chain, you should have the sophistication and know how to understand how to report to them in a way that is consistent with how the institutional investor wants to see things. They have particular requirements, both from a voting standpoint, control standpoint, and disclosure standpoint, and essentially, they're happy for you to make a bundle of money. Still, they're not going to allow you to do it in a way where it's at their expense.
Marcin’s Message [00:57:28]
When COVID hit, Marcin and his colleagues started something called M1 Inner Circle for people either looking to be professional real estate investors or already are professional real estate investors. They want to understand the scaling of the multifamily business and learn how to structure deals and ways to raise capital. They don't raise money for our members because that's just not our business. Still, they do show you what they have done, or their networks, accountants, lawyers, fee structures, different ways to do things, and even simple things like how to get in front of accredited investors or high-net-worth people.
For anybody who wants to learn more about it, you can go to M1 Inner Circle, and there are also some free resources there that you can download to help you get on the path. There are so many courses for people who want to learn more about how to raise capital for real estate. There’s a lot of really good information, and the thing is that this is their world and what they do.
Connect with Marcin: Website: https://www.marcindrozdz.com/store
LinkedIn: LinkedIn
Twitter: Twitter
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf! Today we are joined by the pro-investor Marcin Drozdz. Marcin is a professional real estate investor focused on value-add multifamily apartments throughout the Southern USA. He began investing in real estate in 2006 and has since sourced nine figures in private capital that helped acquire 1,500+ units. He also runs an educational company to help aspiring real estate entrepreneurs scale their real estate portfolios.
An episode packed with tips and stories from a pro with 17 years of Real Estate Investment experience. Be sure to tune in!
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf! Today we are joined by the great Scott Sweitzer. Scott owns and operates Prime Estate Planning, a law firm focused on keeping clients' families out of court and out of conflict. Scott also owns Prime Settlement, a boutique title company in the Washington DC Metro Area. Since founding Prime Settlement in April of 2015, Scott has been managing the business, acting as counsel, overseeing operations, recruiting talent, and developing new business opportunities for the company.
Scott is an active member of the American Bar Association Real Property & Probate Section and also acts in the capacity of Membership Chair of the Dupont Circle Business Networking International group. Through creative solutions in residential and commercial title transactions, Scott strives to help clients enhance their reputation for excellence and share their passion for the real estate industry.
Join us as Scott shares with us his knowledge and experience in Estate Planning and Real Estate investment.
Kingstowne Advisor’s founder Kwasi Robotham and Operation’s Director Jim Roessner work on multifamily offices that specialize in wealth preservation and growth, with a focus on CPA services, asset protection, legal services, financial advice, and insurance. Their goal: how can they help folks save for their future and their money. Kwesi and Jim are from Ghana and Philadelphia, respectively, and both have backgrounds in engineering and management consulting. Kingstowne Advisors started after Kwasi realized that he didn't want to compromise his money on risky investments during the 2008 financial crisis, looking for an alternative to secure the future of his family. Now, their focus is helping wealthy individuals to everyday folks to increase their wealth and secure their financial future as Kwasi once did.
Join us to hear the great advice, experiences, and stories that Jim and Kwasi have to share with us!
[00:05 - 07:43] Alternative Investments: Kingstowne Advisors
• Kingstowne Advisors is a virtual multifamily office that provides advice on alternative investments outside of the stock market.
• Robotham and Roessner are from Kingstowne Advisors and are excited to talk about success without relying completely on the stock market.
• Kwasi's mother's side of the family is from Ghana and he was born in Ghana. His father is Jamaican and they lived in Ghana before moving to the United States.
[07:43 - 14:19] The Ultimate Guide to Creating a Family Office
• There is about $6 trillion in wealth controlled by family offices, more than the entire hedge fund industry combined.
• The multifamily office is a type of family office that exists to grow and preserve the wealth of a single family.
• The CPA that the family office trusts, the asset protection attorney they trust, the financial advisor they hire, and the insurance guy they have in-house are all brought together to help with the management of the wealth.
• Traditional family offices typically cost millions of dollars a year to operate, and this is prohibitive for most people.
[14:19 - 20:50] Life Insurance Can Be Used as An Investment Vehicle
• Life insurance can be an excellent investment, with tax-free access to the money, and no exposure to market losses.
• There are many different types of life insurance policies available, with different features and benefits.
• Term life insurance is like renting a property: the payment goes towards the landlord, who then has more ownership in the property. Permanent life insurance builds equity over time.
[20:50 - 28:46] 3 PhDs and no job? How they can do it?
• Our guests discuss the idea of risk and how important it is to have something steady in your life while you're investing in risky ventures.
• Universal life insurance is a newer type of life insurance that is designed for people who are more risk-takers.
• The text shares the story of a man who became financially secure after having financial conversations with his family members from a young age.
[28:48 - 35:32] 5 Ways to Maximize Your Deductions During Tax Season
• Capital gains tax can be significant, and there are ways to defer paying it
• One way to avoid paying capital gains tax is through a 10 31 exchange
• There are other tax mitigation opportunities available, such as charitable donations.
[35:32 - 42:43] Tax Strategies to Save on Your Bank Account Deductions
• There are annual limits on how much of a tax deduction you can get as an individual, which is set by the IRS.
• You need to work with an advanced planning expert to make sure that some of these strategies fit your specific situation.
• You can get a tax deduction for more than what you actually gave directly from your bank account.
[42:43 - 49:02] How to avoid market risk when investing
• The key to successful financial planning is to have a holistic approach that takes into account the individual's unique situation.
• A financial advisor who can help you invest your money in ways that will provide you with long-term returns.
[49:02 - 55:46] The Third Risk Few Advisors Look At: Market Volatility
• The traditional financial advising industry has looked at growing your money over time as a three-risk process: stock market volatility, income tax impact, and allocation risk.
• Asset allocation only accounts for about 26% of your return, with the other 74% dependent on how much work you put in.
• Kingstowne Advisors focuses on capital allocation, which is the most important factor in determining your return. They provide active portfolio management to their clients so they can minimize the impact of market volatility.
● Want to connect with Kwesi and Jim?
○ Follow Kwesi through Facebook and email him at kr@kingstowneadvisors.com
○ Follow Jim through LinkedIn and email him at jr@kingstowneadvisors.com
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“And that's really what drives me more than anything else, is to be able to impart the information so that people. I feel like my mission is really to help other people achieve what they've set out to do in life.” – Kwesi Robotham
In this episode, we have invited Brad Raschke, Vice President at Key Retirement Solutions. He is a Small business's first or second vendor and is typically their group insurance carrier. He manages down on the expense sheet, frees up cash flows, and gets your employees even better coverage than they already have by transitioning the 65+ employees to Medicare when appropriate. Today, Brad guides everyone regarding the insurance policy and cash flows. He will shed light on how money impacts insurance products and the entire ecosystem.
About the Guest
[0:56]
Brad Raschke was originally from Lubbock, Texas and now resides in Geneva, Illinois. Before moving to Illinois, he was in the food and beverage industry and went into insurance sales. He got in at Allstate, doing home and auto eventually wound up at a captive life and health agency. Now, he is a broker with his best friend Matt Redick and they have five agents in about five different states.
[3:11]
Amid all that kind of insurance experience over the past seven years, he found the Infinite Banking concept. And that was through an economist named Robert Murphy. And now Brad graduated from the Nelson Nash Institute, mentored under James gnarly for a year, and now he is out on his practice and infinite banking with my clients.
Life in Real Estate
[7:45]
For Brad, the best way for your audience may be to consider it a mortgage. Imagine this mortgage where you paid your monthly payments, You increased your equity, and the value of your home was guaranteed never to decrease. And, every time you made a loan repayment, you saw your equity steadily increase. Also, this mortgage company that you're taking this loan through allows you to take out a second mortgage or to cash out refinance anytime you want.
[9:48]
You can take a HELOC against your rental house anytime you want. But with the HELOC, the interest rates are locked between zero and 8%. And there's no loan repayment schedule. You never have to repay the loan if you don't want to. As long as your principal plus interest doesn't exceed your equity stake, you could float that HELOC loan forever.
Loan and Policy
[11:12]
Remember that you could float a loan forever if your principal plus interest is within your equity stake or your cash value. And then the contract will be canceled, the debt will be wiped, but your death benefit no longer exists. The whole contract is just wiped. You interrupt that compounding interest curve that you have going. Some companies allow you to take a loan and earn interest on your full equity stake even with an outstanding loan.
Cash Value
[14:30]
The value cash value is the net present value of the future death benefit. There's this future cash flow that the insurance company is on the hook for. The company knows what you will have to pay out in the future. But we're going to collect premiums until you pass away at 83. And you could take that deal. Your cash value is a feature of the contract that you could completely cash out, take and walk away with. Also, give you the option to take a loan against that cash value. Because then you earn the uninterrupted compounding interest from credited dividends, regardless of outstanding loans.
Leverage in Insurance
[21:19]
The way that these policies are structured, if they're structured correctly, there will be significant cash value there in year one. You can take a loan from your policy to buy your Christmas payment, so a Christmas presents, right? Normally, people would either pay it on layaway and pay Walmart interest or cash. But if you take that cash and pay an insurance premium, you start an uninterrupted compounding interest curve on that money. Over the next 50 years, that $850. With a compounding interest of 5%. That will turn into over $10,000 of capital I have access to. Now, if I had gone and paid cash, I would have had a camera. But now that I've paid a premium first taken a loan, bought the camera, and then paid it back.
Velocity of Money
[25:47]
If you're a part owner of a company and you have to make sure that you pay with post-tax dollars, respect the modified endowment contract rule, loans are tax-free, and the death benefit is tax-free. And when you take a loan, if your loan you take a personal loan out of your insurance policy and loan that to your LLC, your LLC is going to write all that off. And it's all profit to your into your mutually owned insurance company.
People Should be Aware of
[29:37]
Capital attracts opportunity. Nelson Nash used to say opportunity will hunt you down if you have access to capital. Just the fact that you have a pool of capital will open your eyes to possibilities that didn't previously exist. You can turn money through an LLC or an S corp and do it for personal purchases like a $50,000 car or a $200,000 house. Millions of Americans lose 34 and a half cents on every dollar they spend because they use banks to finance their purchases. Nelson uses an analogy in his book becoming your banker of flying a plane. He says if you fly a plane into a 345-mile-an-hour headwind at 100 mph, you're moving at 690 mph. That's 690 miles an hour faster than someone flying into a headwind.
[34:32]
Practicing becoming your banker using dividend-paying your whole life to create your bank is not investing. Capitalization is capitalizing an asset you can leverage against down the road. You can't think of this as an investment. Because as soon as you do, you will compare it to your portfolio's interest rate if your portfolio gets 13% This year, your dividends on your policy, or 5%, will look like a paltry return. You can leverage that insurance policy without interrupting the compounding interest to make those purchases.
Borrowing
[40:14]
If you charge someone interest above and beyond what your insurance company is charging you, then you have to count the margin as income on your for IRS purposes. It's a private loan between you and the insurance company. Nobody knows about it. It doesn't count against your debt-to-income ratio. You don't have to report it to anyone.
[42:00]
One of my buddies down in Texas is a different guy. It's like a lease-to-own situation with his tenants. If they default on the loan, you evict them, and it's like 100% profit. One of my other buddies in Chicago has a business plan that he's working on accumulating capital to execute by buying luxury vehicles and renting them out over Turo.
Cost of Insurance
[47:14]
There is a cost of insurance to this. That death benefit has a present-day cost. There are also operational costs, the company president collects a salary, the actuaries are paid well because they're the geniuses behind the calculations, the customer service team at the home office, they have a building, and they keep the lights on, etc. So all of these contribute to the actual cost of the policy.
Brad’s Advice
[50:06]
Get a good understanding of how much you know. And then, you need to steer to some resources so that you can round out your understanding. This relationship between my clients and me is more like a coach. Hopefully, Brad will coach you until the good Lord calls me home. But if something happens to me three days from now, you need to know how to utilize this asset. You have to think long-term to do this. Always have a complete understanding of this before we ever even pull the trigger on an application to the company. Maybe not a full that's an exaggeration, but they must see the long-term worth. Nelson always said it's caught not taught.
Connect with Brad Raschke:
LinkedIn: https://www.linkedin.com/in/krsbrad
Instagram: https://www.instagram.com/local.liberty.dad
Connect with us Legado Invest
Website: http://legadoinvest.com/invest
Heather Dreeves is the Director of Funding at Secured Investment Corp and fund manager with one of the fastest-growing companies in the private money marketplace in the US, focusing on residential real estate investments. Heather is passionate about helping self-employed entrepreneurs and their families build wealth and success in their business ventures and helping investors deploy capital that is looking for a high-yielding passive investment backed by residential real estate. She has seen real estate investors succeed and fail, and is committed to tipping the scale to the side of success for everyone she can.
[00:00 - 07:25] How to Invest in Alternative Investments without High Net Worth
- Heather Dreeves is from Spokane, Washington, and has a background in soccer coaching and private money investing.
- Heather started working with private money investors and learned about alternative investments, which she now focuses on in her work as a financial advisor.
- Heather believes that more people are interested in investing in alternative investments outside of the stock market due to the current climate of uncertainty.
[07:25 - 14:20] How to overcome fear and get started investing
- Heather and her husband started investing in real estate after they retired, and she got her securities license.
- They've also flipped houses and own rentals.
- Heather sees the path to financial freedom through these types of investments and activities, whether you're an active investor or something looking for something passive.
- She has a passion to educate people on this because there's not enough information out there about it.
[14:20 - 22:02] How to make money in the current market downturn: Real estate fund still profitable
- How the real estate market is shifting and how this could impact borrowers and landlords.
- How the fund is diversified and able to lend money to borrowers for a variety of purposes, including purchase money, rehab money, and interest payments.
- How the fund is successful in getting borrowers to exit their loans, even in a downturn.
- The fund is able to offer a rental product to borrowers who have been refinanced from their loans.
[22:03 - 29:16] How to Invest in a Regulation A Plus Fund
- It can take up to a year to set up a self-directed IRA account with an accredited investor fund.
- The minimum investment for the unaccredited investor fund is $5,000.
- The self-directed IRA account will pay out 8.5% or more annually, depending on the fund.
[29:16 - 33:13] Roth IRA Inheritance Tax-Free
- There are a lot of Roth IRAs available, and they're great because they allow you to collect your earnings tax-free.
- If you inherit a Roth IRA, you don't pay taxes on it either.
- The notes that Secured Investment Corp sells are the same as the notes in its funds, but the company manages them for the client.
- The company offers consultations to help people decide if investing in its products is a good fit for them.
[33:14 - 36:16] Closing Segment
- Want to connect with Heather Dreeves?
- Follow her through LinkedIn
- Visit the Secured Investment Corp’ website and Facebook
- https://securedinvestmentcorp.com/
- https://www.facebook.com/SecuredInvestmentCorp
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Tweetable Quotes:
"Get that money to work, do your minimum or your maximum contribution into your IRA or college savings accounts, health savings accounts. You can set all those kinds of accounts up with self-directed custodians. And those are the perfect kind of accounts to invest in that, because usually, they're small dollars, right? You really don't have a home for 'em.”
- Heather Dreeves
"What I come to find is a lot of people just don't take action, and I'm no different. I've done the same thing where I've got all the information and it's scary, but you can't start creating wealth if you don't start taking action, and you don't have to have large dollars to start investing." - Heather Dreeves
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Karl Yaacoub, Karl is a business author and corporate value creation advisor with a background in investment banking and private equity
He is in active investing (started in investment banking then moved to private equity), which is all about creating value in a portfolio across corporate governance, corporate strategy, and strategic finance. Let’s know more about Karl and His journey, With no further ado let’s dive in!
[00:00 - 08:17] Karl Yaacoub on How to Add Value to Your Business
- Karl Yaacoub is an investment banker and value creation specialist with experience in private equity and corporate strategy.
- He believes that businesses can be improved through a variety of means, including organic and inorganic growth, strategic finance, and corporate governance.
- These three key enablers are common to all private equity investors, making them accessible to the average investor.
[08:17 - 16:26] 3 Enablers of Successful Publicly Listed Companies
- Publicly listed companies typically follow the same approach when it comes to hiring management consulting firms, investment banks, and other advisors,
- which is to look for value-creation enablers such as customer service, pricing, product strategy, and sales and marketing.
- Corporate governance limits key person risk dependency, protecting a business's assets and ecosystem.
- The organic strategy focuses on enhancing how the market perceives a product or brand.
- While inorganic strategy looks at ways to enter into a market and leverage an existing capability.
- Strategic finance focuses on dissecting a business into hundreds of small pieces to
[16:26 - 24:50] Ways to Evaluate a Business
- The income statement is linked to the cash flow statement through operating profit or net income.
- Changes in the balance sheet and cash position affect the ending cash position.
- Leakages can be identified through changes in the balance sheet and cash position.
- Corporate governance is about having the right controls in place, such as credit card expenses being separated from personal expenses.
- Changes in corporate governance can impact a business's ability to grow and scale.
[24:50 - 32:03] Tips for Passive Real Estate Investors
- The steps that buyers take in any acquisition, whether it's a car, a business, or real estate, are the same.
- You should do your due diligence on the business, including looking at the financials, legal situation, and market conditions.
- You should also consider manpower and whether you will need to double wages to attract talent.
- When you are considering buying a business, you should also look at the market and how it is likely to change.
[32:03 - 39:31] Passive Investing vs Active Investing: What's the Difference?
- Passive investing is difficult because it requires energy and commitment from the investor.
- An active investor has control and autonomy in their investment, which makes it easier to generate profits.
- The book, "The Game of Value Creation" is about using the same tactics and insights that big investment banks advise their blue chip clients on to unlock value in deals."
[39:32 - 46:01] Closing Segment
- Want to connect with Karl Yaacoub?
- Follow him through LinkedIn
Or visit the following websites:
- www.standardchartered.com
- www.ky-vc.com
CONNECT WITH US
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Tweetable Quotes:
"The second you commit money or resources and energy into anything. You have what we call skin in the game, and the second you have skin in the game into any investment, you suddenly tune into this mental and emotional frequency that is very different from being on the fence and being an outsider. You suddenly are consumed" - Karl Yaacoub
“One key element of having a sensible product strategy. Regardless of whether or not your competitors or new competitors are competing with you on product innovation, you should treat yourself as your biggest competitor, and you should always seek ways to enhance A, the quality of your product and B, the experience that your customer is getting from purchasing your product.” - Karl Yaacoub
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Sarah Isely, Sarah Isely is a student of the subconscious mind and how experiences during the earliest years are when we are most deeply programmed for the rest of our lives. Her other passions are passive income, travel, and family freedom + legacy.
Join us as Sarah shares her thoughts on creating an entrepreneurial mindset while finding a work-life balance.
[00:00 - 15:58] How to Become Financially Literate
- As a child, Sarah felt she was less fortunate and a misfit because she didn't go to college
- As an adult, she realized that her financial illiteracy was holding her back and that she needed to learn more about finances
- Sarah started learning about finances by reading books and podcasts,
- Sarah started to apply what she learned by starting a passive income stream
- She believes that everyone can achieve financial freedom if they're willing to work for it.
[15:58 - 30:45] How to Conquer Your Subconscious Beliefs
- The journey to rewire one's subconscious belief system to wire for abundance and wealth was a real thing
- Believing that these things are available to us is first, and then having the mindset to take risks and opportunities is also important
- It is important to have a system in place for investing, as emotions can hurt us if we're not guided by principles
- How to Overcome your Stuck Beliefs
- Acknowledging that opportunities change over time.
- An example of this is; If you are born in the agricultural age where it was all family wealth you have to be born into the right family. Chances are you’ll have difficulty achieving financial security in the industrial age.
[30:45 - 47:01] How to Find Your Passion and Make Money Doing It
- Sarah started exploring passive income and ways to help families become wealthy and free in their own lives, which led to the 18 Summer Society.
- Passive income is a big part of the program, but it's also important to have a mindset that allows for wealth and freedom.
- She believes that it's important for parents to free up themselves to give their kids better beliefs, and that's why 18 Summer Society hosts retreats.
[47:02 - 54:58] 18 Summers Society: Helping Families Find Passive Income Streams
- The 18th Summer Society is a program that helps families with passive income streams.
- The workshops are designed to help families find financial and location freedom.
- The next workshop is on Monday, January 1st.
[54:59 - 01:02:49] How to Make Passive Income with DeFi (Decentralized Financing)
- One of the key things that make DeFi different is that it offers a low-risk way to make passive income.
- There are a lot of scams in the crypto world, but one DeFi project that is legitimate and pays 1% daily is worth investigating.
- It's important to have patience and a long-term vision when investing in DeFi because it is a high-risk market.
[1:02:49 - 1:06:35] Closing Segment
- Want to connect with Sarah Isely?
- Follow him through Facebook and Instagram
Or simply visit Linktr.ee/sarahisely for more links and information
CONNECT WITH US
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Tweetable Quotes:
“We're in this hamster wheel that is American society, where you get a job, you buy the house, you're tied to the mortgage, the car payment, you have all the family obligations, the school this and that, Like, you don't have time to stop and think. And so I think for me that's, a reason I'm very passionate about helping families because I think it's an extra level of no time to think, but it's interesting because we are kind of conditioned to believe that everything else is more important than us, but at the same time, there's no denying that we are the only asset that we have.” - Sarah Isely
Welcome Back to Screw The Stock Market Today we have Brandon Cobb! Brandon is licensed and bonded General Contractor in TN managing $1O Million of new development annually. He was featured on the cover of REI Wealth magazine and has been quoted in Forbes magazine. Brandon is an active owner of an umbrella of companies in the real estate space. His company HBG Holdings provides investors with superior risk-adjusted returns and downside principal protection backed by real assets In the Single Family market while his company HBG Capital thrives in large Multifamily acquisitions.
[00:19 - 07:34] Opening Segment
- Brandon Cobb is a real estate investor and CEO of HBG capital.
- He is featured in Forbes, and REI wealth magazine, and has written an article for Forbes on how to compete in a hyper-competitive market.
- Brandon's background is in medical device sales and he shares how chasing his dream job led him to real estate.
- He also shared how being a real estate investor is different than other investments and offers advice for those looking to invest in the market.
[07:35 - 14:34] You Can Be as Loyal as You Want to a Company, But at the End of the Day, That Company Has to Do What's Best for Them
- Being not fit with his previous job, he got fired that set him on his path to entrepreneurship.
- Brandon started multiple entrepreneurial adventures but all of them failed.
- Real estate was the first one that they took off for Brandon,
- He never had this passion for real estate or always knew he wanted to be a builder.
[14:34 - 21:48] Lessons Learned from Brandon's Journey to Becoming a Successful Real Estate Investor
- Brandon shares lessons learned from his journey, including the importance of hiring strategically and being able to delegate tasks.
- Brandon's mentor has been a valuable partner and collaborator over the years.
- HBG capital tries to provide everyone in its organization with their superpower opportunity, which includes delegating tasks and providing a focus on what each person is good at.
[21:48 - 29:39] Real Estate Investor Shares Tips for Affordable New Construction
- How two people who are in a partnership should have similar core values in order to not get sick of each other and be able to work together effectively.
- How the company is focused on affordable new construction products in high-growth cities, and how they are able to provide investors with a high return on investment.
- the construction industry is not catching up to where it needs to be yet but is still growing exponentially.
[29:40 - 36:42] HBG Capital: How to Survive a Recession
- The current state of the affordable housing market and how it is impacting both the government section 8 housing program and first-time home, buyers.
- Brandon’s company is trying to combat these issues by building smaller homes, renting warehouses, and Vertical Integration.
- One way to make a home affordable is to find good deals on land.
- How HBG capital advises passive investors by sending them to their website to read their free ebook Recession Resistant Passive Income.
[36:42 - 43:35] Passive investors should be asking before investing
- Passive investors should be asking before investing, as there is a risk of losing capital if questions are not asked.
- Brandon recommends using HBG Capital's educational resources, which include past opportunities and FAQs to help investors understand the real estate market.
- Brandon also recommends reaching out to strategic partners, as they can provide valuable insights into the industry that passive investors may not be aware of.
[43:36 - 45:52] Closing Segment
- Want to connect with Brandon Cobb?
- Follow him through their website at https://www.hbgcapital.net/
- Or the following social media links;
- LinkedIn:https://www.linkedin.com/in/brandon-cobb-83524a54/;
- Instagram: https://www.instagram.com/hbgcapital/;
- Linktr.ee: https://linktr.ee/HBGCapital
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Tweetable Quotes:
“It's tough to build affordable products when you have this increases the cost of construction because the builders are just going to pass it on to consumers when you've got way more buyers than you have sellers causing prices to increase. So I think we've got a long way to go with the affordable housing issue.” - Brandon Cobb
"No matter what you're trying to do, if you're, trying to figure out how to invest your money, or you're trying to figure out how to get started and whatever endeavor it is that you're trying to get off its feet, create the problem first then solve it" - Brandon Cobb
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, for someone who wants to leave their job and build a business, it depends on their circumstances. Laying flat might not be the best option for them if they want to progress in their career. Listen in today as Alex and Aziz share their story and advice on how you can escape the rat race and build a better life for yourself and your family. This is TIME OUT Episode 3: Quiet Quitting's Impact on Wealth and Entrepreneurial Goals
[00:19 - 04:13] Quiet Quitting Becomes Latest Trend Among Gen Zers
- The trend of quiet quitting is associated with gen Z, though it has been happening for a while.
- the trend is a lose-lose situation for employees and employers.
[04:13 - 08:58] How to Prioritize your Career
- The idea of "lay flat" or "quieting with" in regards to work and career choices.
- For some people, it might not be ideal to quit their job and start from scratch in order to make more money. It depends on the individual.
- "sweatshop labor" in China, is often seen as a negative experience.
[08:58 - 11:10] Closing Segment
- Parting Words
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Tweetable Quotes:
“Quiet quitting might actually work best in your favor. It gives you more time back to do the things that you're passionate about.” - Aziz Yousuf
“One of those first questions should be, Hey, am I entrepreneurial? Or am I going to stay on my career path and try to progress and invest passively to be able to get to where I want to be? That's probably one of the first decision nodes on the decision tree. For people who are picking a path because I don't think there's anything wrong with people who like their jobs and are passionate.” - Alex Escobar
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Jon Ostenson. Jon is a top 1% national franchise broker, investor, author, and international speaker specializing in the area he has coined ‘Non-Food Franchising’. Having served as the President of an Inc. 500 franchise system and now as a multi-brand franchisee, himself, Jon is uniquely positioned to educate others on franchising and franchise selection. Jon serves as CEO of FranBridge Consulting and has helped thousands of entrepreneurs and investors explore business ownership and investment opportunities. Jon is the author of ‘The Book on Non-Food Franchising’’ and is a frequent contributor and thought leader for publications on the topic of franchising and franchise investments. Prior to FranBridge, Jon was the President of ShelfGenie, a national franchise system with 200+ locations.
Join us as Jon shares his knowledge and expertise on franchising and would help and inspire you more!
[00:18 - 07:01] Opening Segment
- Jon Ostenson is a consultant who helps people figure out which franchise is the best for them.
- He provides a different take on franchising than other guests on the show.
- Jon is from Atlanta, Georgia, and lives in Buckhead.
- He has been involved in franchising for a number of years and has invested in and partnered with other franchisees.
[07:01 - 12:59] The Easiest Way to Make Money in the Franchise Game
- There are 4,000 franchise brands out there and 92% of them are still in business five years later.
- Home and property services are one of the hottest industries right now.
- Food is not the best way to make money in the franchise game and there are easier ways to make money.
- Franchises prefer for you not to have industry experience.
- Most of my clients end up in a field they never thought they would be in.
[12:59 - 20:01] 3 semi-absentee franchise business models with high returns and few employees
- There are businesses that can complement those in the food and beverage space, such as oil change businesses, as well as help diversify an investment.
- Electric cars are not yet prevalent on the road, and there is still a long road ahead for the oil change industry.
- Franchises for startup businesses can be a good option if you are looking to build towards an exit. There are some downsides to franchising, such as staff having expectations of you and having to keep your team happy.
[20:01 - 26:29] How to Fund a Franchise Purchase
- The first step for most people is to come out to the website and get information about the process.
- There are no costs to participate in the process, and there is no obligation to buy anything.
- The steps of the process include creating a profile, looking at opportunities, and making a decision.
- The process can be funded with a combination of cash, an SBA loan, or a retirement plan rollover.
[26:30 - 32:47] Could This Be The Franchise For You?
- Jon shared that he is excited to release his new book, "Non-Food Franchising," which covers everything a franchisor needs to know in order to start a successful franchise.
- Jon mentioned the home and property services space as his favorite franchise option, as there is always a high demand for these services.
- Jon also mentioned the health and wellness space as a growing industry with some unique opportunities.
- Franchising is not right for everyone, but for those who are suited for it, it can be a great way to own a business.
[32:48 - 39:02] $30 Million Business in 10 Markets
- Jon has helped business owners in 10 markets bring in $30 million in revenue.
- He recommends starting one business at a time and standing it up before moving on to another.
- If your net worth is above 150,000, you are qualified to invest in a franchise.
- There is no need to have SBA lined if your net worth is above that amount.
- Partnership models are available for franchising, but the franchisee must have confidence in the operator."
[39:03 - 39:47] Closing Segment
- Want to connect with Jon Ostenson?
-
- Follow him through LinkedIn and Twitter
Or simply visit www.thefranchiseconsultingcompany.com
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Tweetable Quotes:
“There are about 4,000 franchise brands out there that there are easier ways to make money than food that requires less capital upfront, maybe fewer hourly employees, fewer hours of operation, and less Inventory spoilage. There are a lot of ways to make money, but I'd say 95% of my clients want nothing to do with food.” - Jon Ostenson
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, This is also the Second Episode of Time Out! Let's join them as they discuss President’s Biden student loan forgiveness and your financial journey.
[00:18 - 04:22] President Biden's Student Loan Forgiveness Increases Inflation
- President Biden's student loan forgiveness is a recent news topic
- Republicans are upset about the policy, while Democrats are happy
- People who qualify for student loan forgiveness can receive up to $10,000
- Pell grants can also help reduce student loan debt
[04:22 - 08:50] Debt Reduction Means More Money to Spend
- Starting on September 1st, student loan payments will be frozen until December 31st, which means borrowers have more time to pay off their loans
- The Biden administration has said that this forgiveness is only temporary and will restart next year
- This news is good for borrowers because it reduces their debt to credit ratio and makes it easier to borrow money.
[08:51 - 10:22] Closing Segment
- Parting Words
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Tweetable Quotes:
“What happens when your debt is reduced? Now your debt to credit-ratio goes down, which means you can potentially borrow more money that you can use towards starting a business or apply towards, buying properties or other things.” - Aziz Yousuf
“Keep trying to find ways to build your wealth, keep learning, growing, and keep taking action.” - Alex Escobar
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Josh Rhodes. Josh is a crypto investor, educator, and entertainer. He has been featured on podcasts such as Wealth Without Wall Street, and Live Better. Sell Better. with Kevin Dorsey, and One Big Tip with Jeff Mendelson.
Josh got his start as a real estate investor and marketing agency owner before discovering the power of crypto as a wealth-building asset. He now focuses his energy on cryptocurrencies, and he has created one of the fastest-growing passive crypto investing strategies.
Josh helps businesses grow with marketing strategies, implementation, leveraged growth, and optimization to increase profits and achieve financial freedom
[00:19 - 08:12] How to Invest Like a Pro: Josh Rhodes Shares His Crypto Wisdom
- Josh Rhodes is from Alabama and has been investing in crypto for a while
- He is the founder of Crypto Y'all, a company that teaches people how to invest in crypto and other assets
- He talks about how to approach crypto and the lessons he has learned from his experiences
- He also talks about how to start a side hustle or outpace your salary
[08:12 - 16:30] Triple Threat Crypto Investing
- Josh talks about how he became a triple threat, learning from one of his favorite copywriters Neville Madora. like most people do only one skill if you can become a double threat that would be awesome but becoming a triple threat your income plummets.
- Reading "Rich Dad, Poor Dad" when Josh was 15 and how it changed his perspective on finances and business.
- He talks about the cash flow quadrants and how they helped him understand the concept of cryptocurrency.
- He shares his thoughts on crypto and the stock market currently.
[16:31 - 25:42] How to Become Your Own Bank:
- Josh explained how Crypto can be used to become self-sufficient.
- Crypto is a money system that allows for the accumulation of wealth without permission from a greedy banker or central government.
- Crypto can help generate cashflow and an opportunity to invest your capital and get a return far more aggressive than keeping your money
[25:42 - 34:40] Crypto Flywheel: 3 Strategies to Accrue Wealth
- The three wealth-building strategies included in the crypto flywheel are: cash flow, appreciation, and leverage.
- Not all cryptocurrencies are created equal, but those with strong fundamentals and a sound strategy will be successful.
[34:40 - 43:16] Ways to Make Money with Crypto
- The thing about crypto is unlike real estate, you don't have to deal with real estate's accessibility and speed, and velocity.
- The trade-off though is you have to be cool with volatility.
- But volatility. A lot of times with a lack of financial literacy, people think volatility is bad. They think the risk is bad but most people don’t know that risk is a tool that you can leverage.
[43:16 - 51:48] Invest on Stable Coins and Make Money by Lending and Selling
- If you want to get higher yields on your investments, invest in cryptocurrencies like Bitcoin.
- Cryptocurrencies are a trustless way to store and trade value without the need for a third party.
- This trustless system is going to permeate every sector of our lives in the next few years.
[51:48 - 54:45] Closing Segment
- Want to connect with Josh Rhodes?
- Follow him through LinkedIn
Visit https://www.cryptoyall.co/learn54634203
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Tweetable Quotes:
“Not all crypto are created equal, but I'm using the cash flow from part one of the flywheels to increase my equity in stronger positions in the blue-chip cryptos that make up the future of what I believe is the future of society.” - Josh Rhodes
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Ms. Kim Daly For the past 20 years, Kim Daly has been helping people realize their dreams of business ownership through franchising. While helping thousands of other people to live their dreams of business ownership, she has been living her own. Today, she is recognized as one of America's top franchise consultants. She is an international best-selling co-author of Franchising Freedom and the founder and host of KimDaly.tv.
[00:18 - 23:11] Kim Daley: How to Become a Franchise Consultant
- Kim Daly is a leading franchise consultant in the country and she is going to walk us through how to become a franchiser or franchisee.
- She teaches others how franchising is a well-established successful business that will make you money in the long run. And has many benefits over starting your own business, including reduced risks and probabilities of failure.
- Kim offers a free service to help people navigate the process of becoming franchise owners.
- Kim is the resource for financing and legal documents when buying a franchise.
- Franchising is different than other types of businesses because it allows you to keep your full-time job while running the business.
- Most franchises provide high-profit margins for their owners, allowing them to cover their costs easily.
[23:12 - 31:27] The Truth About Franchising
- Kim shares the benefits of owning a franchise and provides tips on how to get started.
- Franchises require a certain level of financial stability and experience before being approved.
- There are options for loans depending on the situation.
[31:27 - 40:33] Franchise Tips from an Expert
- Franchises can be a great way to invest in a business that you're passionate about, and there is no easy way to start a franchise.
- There is no one definitive metric, but it's based on your own goals.
- Success or failure in a franchise business is 100% owner driven.
[40:34 - 50:43] Closing Segment
- Want to connect with Kim Daly?
- Follow her through Twitter and LinkedIn
- Subscribed to her youtube channel at www.kimdaly.tv
- Or visit www.thedalycoach.com
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Tweetable Quotes:
“More franchisors are coming with more structure, more training, and better toolboxes that allow the owner to not be there, but it always comes back to who's in charge of this? Because if you're going to leave your business in the hands of a manager, the reality is you're probably going have to incentivize that manager with some equity or some type of a bonus above and beyond.”
- Kim Daly
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Adrian Reid. Adrian is a full-time stock trader of 18+ years and the founder of Enlightened Stock Trading. Adrian shows you how to make consistent profits from the stock market using a trading system that fits your lifestyle, goals, and personality in this episode Adrian didn’t only talk about the stock market but also about Crypto. He has very valuable tips shared most especially about not trading with your emotions to avoid losses and focusing on trend following in order to earn despite the stocks or cryptocurrency’s volatility
[00:18 - 07:07] Adrian Reid on How to Make Money in the Stock Market
- Adrian Reid is the founder of enlightened stock trading and the host of the financial podcast
- Reid is an Australian and his background is in engineering he started working as a strategy consultant at age 20.
- Reid read about investing and trading in books and attended courses to learn more about it. He eventually found a method that fit him and became profitable.
- His introduction to the stock market was playing games (Australian Stock Market Game) with his family when he was 9
- Fast forward, he started earning, and with his savings, he invested in the stock market
- He realized that he was losing money and it was incredibly boring, he started looking for different ways to invest and tried different methods and read resources to learn more.
- Reid's family is supportive of his career choice and his children are growing up fast.
[07:07 - 21:52] How to Trade Your System, Not Your Emotions
- One of the biggest keys to success as an investor is to have a system that you can follow time and time again, regardless of what's happening in the stock market.
- Emotions drive most people's decisions when it comes to money investing, leading to most people not getting ahead.
- Adrian recommends learning about investing through trading your system, not your emotions.
[21:53 - 30:14] Trend Following Rules For Making Money
- Trend following is a strategy of investing in which you get in when the market is rising and get out when it falls, making a profit along the way.
- Trend following can be done in stocks, commodities, and cryptocurrencies.
- To be successful with trend following, you need to have a set of rules that work even when the market is volatile.
- When trading, it's important to have a long-term perspective and to be able to be wrong.
[30:14 - 37:53] How to Trade Like a Pro: Use a Broad Set of Rules to Predict the Future
- How to trade stocks, crypto commodities, and other markets by using rules that are based on price movement.
- There are different ways to trade, including fundamental research and technical trading.
- The importance of having a system that is adaptable to various market conditions.
- Technical analysis involves using indicators to track price movements and predict future outcomes.
- If a trader has broad rules that work regardless of parameter values, they are more likely to make money in the future.
[37:53 - 45:24] How to Trade Safely and Profitably in Crypto
- Adrian suggests that people trade cryptocurrencies instead of buying and holding them forever, as this is a very risky strategy.
- He warns that if someone does not have a set of rules in place to exit a cryptocurrency when it's down, they may lose all their money.
- He also advises diversifying one's holdings across different assets and platforms to reduce risk.
[45:24 - 54:24] How to Trade Profitably with a System
- Adrian says that people are scared of paying taxes and he wants to encourage them to be smart about it by thinking about after-tax returns.
- how to be profitable when trading, emphasizing that you need a system that works and generates good results.
- There are several ways to learn to trade profitably, including adopting a systematic approach and using trading systems.
- It can be hard work and expensive to develop a trading system, but it is possible if you are willing to put in the effort
- He also recommends teaching people how to trade systematically so they can become confident and independent traders.
[54:24 - 59:43] Closing Segment
Want to connect with Adrian?
Visit https://enlightenedstocktrading.com
A special free bonus for our listeners on this page: https://enlightenedstocktrading.com/screwthestockmarket. It will be a bundle of free training, tips, and tricks to improve their crypto trading called The Crypto Acceleration Bundle.
Resources Mentioned
Market Wizards: Interviews with Top Traders
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Tweetable Quotes:
“When you have evidence that it's starting to trend down, then you get out. And our whole idea of trend following is you get in when it starts moving up and you get out when it starts moving down and you make a profit from the move.” - Adrian Reid
Joseph Robert is currently the Chief Executive Officer of Robert Ventures, with over 20 years of asset management experience. Over the past 10 years, Joe was CEO of Silver Bay Capital, a real estate asset management company that invested in over 200 residential and commercial properties, and over 165mm AUM of residential mortgages, creating double-digit predictable returns.
Joe and his partner resided in Puerto Rico for business tax advantages under Act 22. During this period, he connected with numerous professionals within the blockchain community and industry. These relationships prompted him to start investing in cryptocurrencies in 2017. Since then, Joe has invested in seed rounds with equity and tokens, along with a portfolio of bitcoin, Ethereum, and other top cryptocurrencies.
Through these investments, Joe has developed a reliable strategy and the requisite discipline to manage and profit from even the most volatile tokens. Joe and his team utilize qualitative research, data analytics, and on-chain data for optimal portfolio management. His knowledge and expertise have helped him create a proprietary model for analyzing key factors when entering positions in projects
[00:19 - 06:55] Screw the stock market: These 4 strategies will help you build wealth outside of the market
- Joe Robert started by snow shoveling around the neighborhoods as younger teenager landscaping lawns in high school and then moving into construction work after graduating high school.
- He acquired his first property at the age of 19 and sold it two years later.
- The real estate market crashed in 2007 and Joe Robert stopped investing for a period of time while he reorganized everything.
[06:55 - 13:27] How to Purchase a Loan: A Guide for Beginners
- Joe Shares depending on your buyer level and how much capital you have to deploy.
- If you’re a buyer you may have 6 figures and you would have an existing fund that has that inventory
- Your fund either is bought from another or bought directly from the bank.
[13:27 - 21:08] How to Avoid the Hype and Losses of the Crypto Market
- You could raise capital yourself and go out and do an offering and network
- Depends on where you want to focus in your business and how you wanna allocate resources, sometimes just focusing on getting those deals might be what you're better, at operationally.
- Getting a capital partner, and paying a premium can be a better way of going about it than doing a fund yourself and having to worry about covering everything.
[21:08 - 28:04] Crypto is in a gutter, but it's still an opportunity to find value
- In early 2018, Joe started investing in startups and ICOs,
- He quickly realized that this was not a good decision and began to lose money.
- Four and a half years later, Joe has returned to the US and is managing a portfolio of crypto.
- The market has crashed recently, and Bitcoin is having a less severe drawdown than other assets.
- Joe believes that the market will rebound in the next few months, and that interest rates will rise again.
[28:04 - 35:00] It's Too Big to Fail: In the Long Run Depending on the type of Crypto
- The difference between speculation and investing is that the probability of your outcome is much greater when having a benchmark to investing versus speculating,
- When you are less unknown about what that outcome you might be speculating more and the risk is higher
- Real estate and other assets such as crypto are liquid and illiquid investments.
- He adds that it messes up your emotions
[35:00 - 41:39] Why Technology is Likely to Outperform Bonds and Real Estate Over the Next Decade
- Tokenizing real estate can provide benefits or drawbacks depending on the situation.
- Airbnb is an example of a company that has tokenized its shares, and the benefits or drawbacks of this process depend on the individual.
- Web three is a concept that refers to owning anything you post on the internet.
- Joe has a lot of experience in the stock market and real estate, and he is able to share this with the listeners on this podcast.
[41:40 - 42:56] Closing Segment
Want to connect with Joe? Follow him on LinkedIn
Visit https://joerobert.com/
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Tweetable Quotes:
“Everything has some aspect of speculation. Now there are different probabilities and different risk metrics, depending on how you allocate that to assets. So the difference in speculation investing is the probability of your outcome. Is much greater, if you want to benchmark that to investing versus speculating, When you are less unknown about what that outcome, you're probably speculating more and, that risk is going up a lot higher.” - Joe Robert
Welcome back to Screw The Stock Market With Alex Escobar and Aziz Yousuf. In Today's episode, we are going to do it differently, we are going to do some synthesis, and a reflection on our lessons learned over the last few episodes, they also share their journey and how they transitioned from working 9 to 5 to where they positioned themselves now.
This is Time Out Episode 1! Let’s hop in!
[00:19 - 07:23] Opening Segment
- The stock market is scary and people are afraid to invest.
- Lessons learned during the past episodes.
- It's important to get past the fear response and work from here instead of from our minds
[07:23 - 14:51] How to Quit Your Job and Succeed as an Entrepreneur
- Alex talks about how he quit his job in January
- In 2020, Alex made more money from real estate sales than from his day job and this motivated him to leave his day job.
- He talks about how something had to give and that was when he decided to leave his real estate job.
- Aziz shares that he wanted not to worry about his family's future and fortunately enough he is not in a position to experience stress from anything.
[14:51 - 24:43] Closing Segment
- Making strategic moves to build a cushion and transition into full-time investor mode
- transitioning more into investor mode and is preparing to pull the trigger on deals soon
- He's a big believer in paying for knowledge and recommends doing so when possible to speed up learning
- Aziz shares that one of the lessons he learned is figuring out how to automate.
- Final words
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Tweetable Quotes:
“To look to other people, to associate with so that you can stay motivated and you can keep making small forward progress every day towards those goals.”
- Alex Escobar
“You just need to be plugged in, ask questions, and don't be afraid to like, approach people”
- Aziz Yousuf
Welcome back to Screw The Stock Market With Alex Escobar and Aziz Yousuf today we are joined by Mark Yegge as our guest!
Mark is a lifelong learner, educator, four-time author, business executive, and entrepreneur who has founded several profitable companies. He has spent his entire life learning and teaching people about wealth and personal development.
Mark has created a system that is a premium trading mentorship program for making passive income using options. Through his mentorship program, he empowers club members to make reliable, consistent income in the stock market, using the proprietary Cash Flow Machine System.
Join us today and let’s know more about Mark the stock market insider and how he uses his strategies to build his wealth. So with no further ado Let’s dive in!
[00:18 - 09:17] Opening Segment
- Who is Mark Yegge
- A Discussion on ways to invest outside of the traditional stock market
- Mark shares his personal background and how he became interested in the stock market at a young age
- He discusses how to use the stock market to make passive income and how to maintain control over your financial future
- Mark got into real estate and it was too slow for him.
[09:18 - 21:13] How To Win at The Stock Market
- Mark’s dad taught them about the stock market
- People in the stock market can make money by renting stocks.
- To make money, you need to own at least 100 shares of the stock.
- You can replace the stock with something called a synthetic, which means you can invest less money and still have the same type of control.
- Being a former wall street guy he shares what’s happening inside.
[21:14 - 28:03] How to Take Control of Your Finances
- Mark shares that he knows more about history than doing stock market and finances
- And with that People need to be educated about finances in order to take control of their lives
- Inflation is often hidden from consumers by financial institutions
- He adds the biggest component? to watch out for is “new cars” if the new cars go down it’s going to show inflation “coming down” as well
[28:04 - 34:50] How to Profit from the Market's Volatility
- The concept of financial freedom and how it can be achieved by individuals.
- Mark recommends investing in safe assets such as bonds and CDs, and also advises readers to have a cash cow.
- He also shares how to position oneself for success in the market, including learning about risk management.
[34:50 - 41:28] How to Structure a Portfolio for Maximum Returns
- Structuring a portfolio is important, and one way to do this is by investing in things like Bitcoin and real estate.
- The strategy that Mark recommends is called the "cash flow machine."
-
- It's a method of investing that aims to generate regular paychecks from the stock market.
- Mark has a program called the "cash flow machine that includes courses, a mastermind group, and private access to his trades.
- He encourages listeners to take control of their lives and learn from his experiences.
[41:29 - 45:38] Closing Segment
Want to connect with Mark? Follow him on LinkedIn
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Tweetable Quotes:
“Wall Street is in the business of two things: gathering assets and not getting sued.”
- Mark Yegge
“Never give up your power in your health, your wealth, or your time.”
- Mark Yegge
Welcome back to Screw The Stock Market With Alex Escobar and Aziz Yousuf. Today we are joined by Curtis May as our guest!
Curtis May is the creator and owner of Practical Wealth Advisors (PWA) and host of The Practical Wealth Show Podcast. The primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world.
As the host of his popular podcast, The Practical Wealth Show, and in his meetings with clients, Curtis teaches people that their number one financial asset is their knowledge. The more they know, the lower their risk, and the greater their chance of success over time. He feels
strongly that financial products are simply tools. What makes the biggest difference in people’s lives isn’t the product, it’s how they use it. Curtis has been planning for individuals for more than 35 years, and he is passionate about helping his clients save money and live the very best life they can right now.
Join us today and let’s know more about Curtis and how Let’s dive in!
[00:19 - 07:42] Opening Segment
- Curtis May is from Philadelphia and is a third-generation entrepreneur.
- He got into the insurance business and then read "Rich Dad, Poor Dad" which changed his perspective on money and led him to start studying Austrian economics.
- He started teaching principal-based planning in 2012 and has been successful in coaching people to win.
[07:42 - 14:56] Wall Street's Rules for Surviving the Financial Apocalypse
- The two main thoughts people have about money are the accumulation theory, which is based on buy and hold strategies and average rates of return, and the velocity of money theory, which is about how often you can turn your money over.
- The accumulation theory is what most people are taught in school, but it's not what rich people do.
- The velocity of money theory is what rich people focus on, and it's based on becoming efficient with your money so you can make more.
- Most people are focused on chasing returns instead of becoming financially independent, and this is why Wall Street makes so
[14:57 - 29:15] 5 Principles of Personal Finance You Should Know
- Curtis recommends starting with principles of personal finance, which include saving money and investing for long-term growth.
- A person doesn't need to be invested in anything to start building financial freedom, but one should start with principle number one: saving.
- protecting your money by playing defense and leaving a legacy.
- increase your chances of making money, you need to be liquid and invest for long-term growth.
[29:15 - 36:33] How to Invest for the Long Term
- The key to successful investing is to have a sound understanding of financial principles, including inflation and interest rates.
- To achieve this, it is important to have a comprehensive understanding of the different asset classes, their risks, and how they work together.
- One key way to do this is through the use of financial planning software.
[36:33 - 43:00] How to Invest Your Money to Build Wealth
- So, one of the main takeaways from this conversation is that you need to become more efficient with your finances and think about them differently.
- Curtis recommends investing in your expertise, rather than speculating on stocks or other investments.
- He also recommends spreading your money around so that you have a variety of assets and don't put all your eggs in one basket.
- Curtis shares a quote from Dan Kennedy “One of the worst words in business is risk and investing is risky if you're uneducated."
[43:01 - 43:42] Closing Segment
Want to connect with Curtis? Follow him on LinkedIn
Resources Mentioned
- Becoming Your Own Banker: Unlock the Infinite Banking Concept
- Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
- Security Analysis: Sixth Edition
- The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do
- Profit Like A Bank: Build Passive Long-Term Wealth W/ Distressed Mortgage Notes
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“You've gotta educate yourself and, and stop looking for quick fixes. You gotta find out what you like, what are you willing to develop some expertise in? And that doesn't happen overnight”
- Curtis May
In this episode we are joined by Mark Podolsky Author of Dirt Rich, Mark Is widely considered the most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. For almost two decades, Mark has been actively investing in real estate and raw land and has completed over 5,000 unique transactions. Mark’s company, Frontier Properties USA, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.”
Mark discusses how to find opportunities in this market and how to minimize risk. He also discusses how to find a cheap property that is ready for sale. This is an informative podcast that is sure to appeal to those interested in diversifying their income and portfolio. All of these on how
[00:01 - 05:15] How This Land Investor Made Over $90,000 in a Year by Flipping Raw Land
- In 2000 Mark, was a miserable investment banker who was commuting 45 minutes each way to work.
- He heard about a land investor who was making a 300% return on his investments and decided to try it himself.
- It took Mark 18 months to make the same amount of money as he would have made as an investment banker, but he now loves it full time.
- Mark recently had a conversation with his wife about quitting his job and becoming a full-time land investor.
[05:15 - 13:11] How to Make $2,300 on a Raw Land Purchase in Just 30 Days
- There is still land available for purchase in Colorado for $300 or less
- The process of purchasing land is more difficult, but it is still possible
- There are beautiful abandoned nuclear power plant lots available for purchase for $500 or less
- Due diligence must be done to ensure the property is still owned by the buyer and that back taxes are paid
- Mark shares how he is selling land, and the key to success is to get the property cheap enough that they can sell it quickly.
- The speaker is offering a $2,500 down payment and 9% interest for 84 months.
- The speaker is exempt from Dodd-Frank, RESPA, and the Safe Act because they are not dealing with a tenant.
- the opportunity to invest in land, which is currently available at a discounted price due to the current market conditions.
- the available different types of land and how opportunistic Mark is when purchasing land.
[13:12 - 21:02] How to Find Deals Even if You're Behind on Your Taxes and How to Double Your Money in 30 Days or Less with Land Geek
- 90% of the business is automated with the software on the front end and the back end
- The mailings use a program called LGpass.com to drop out offers and log in intakes
- Due diligence is handled by his team from the Philippines.
- The acquisition manager closes deals and goes into geekpay.io to collect monthly notes
- Mark also added how to double your money in 30 days or less by following the steps in a free course offered by thelandgeek.com.
- The course teaches how to delegate and advocate for yourself, eliminating the need to do research or find people to do work for you.
- start small and grow gradually as you become more confident in your skills.
[21:03 - 26:48] How to buy your freedom with a small amount of money
- The key to success with land investment is finding deals that are within your budget and have the potential to generate a high return on investment.
- It is important to understand the market conditions for land before investing, as the market can be very volatile.
- Selling land can be difficult, and if you do not sell within a certain timeframe, you may need to make changes to your pricing or marketing strategy.
- The average client's budget is around $2,500.
- Grant Cardone talked about how buying land doesn't always make sense because it doesn't always cash flow, but it does.
- One of the challenges for Mark was that he couldn't use his commissions from real estate to buy other things.
[26:49 - 27:15] Closing Segment
Want to connect with Travis? Follow him on LinkedIn or visit frontierpropertiesusa.com to learn more!
Other sites: www.thelandgeek.com and www.geekpay.io
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
"The secret is in the pricing. So I'm going to make my price irresistible." - Mark Podolsky
“Say the asset class. They'd like the fact that there's nothing to maintain nothing to protect and nothing that can be destroyed. It's a legacy asset. It lasts forever. And so maybe one day they'll go out and improve it or they'll use it recreationally.”
- Mark Podolsky
In this episode, we are joined by Tribevest CEO Travis Smith, Travis dreams about building generational wealth that forever alters our family’s financial trajectory. After seeing how difficult it was for most people to build wealth. Travis Believes that he can offer services and space to people to pool together and invest their money in different opportunities outside the traditional stock market. Before building Tribevest Travis was a top financial advisor at Morgan Stanley. Armed with his wealth management training, he became a thought leader in the FinTech industry focused on digital payments. He left the strategic alliance team at Jack Henry & Assoc., a multibillion-dollar FinTech company and core software for thousands of banks. Through these experiences, he discovered it was exponentially more fun to disrupt the reigning wealth management institutions than to be part of them. Through Tribevest, Travis seeks to empower everyday people through accessible group investing.
[00:01 - 12:14] Tribevest: The Alternative Investment That Could Change Your Life
- Travis shares how he started.
- His Background in Financing
- Working in the financial technology space
- Starting Tribevest
- How to Invest as a Tribe
- How to Form a Tribe of Investing Friends to Achieve Financial Independence
[12:15 - 23:37] Avoiding the Mistakes of Your Past
- Zoom in on your investment strategy with Zoom Tribe
- Easier to scale your business with a tribe.
- Working together as a tribe such as; making a decision together, having an expert from the tribe on the different subject matter, or putting collaborative efforts into a term.
- Travis insights on how Tribevest works
- What assets do people invest in
- How the company helps avoid mistakes made by its members
- Services that help members to learn about investing and forming entities.
[23:38 - 30:50] Leveling Up is Hard, but It's Worth it
- Having a clear expectation to level up as a group
- Doctors forming tribes to Scale Business
- How to invest like Pro: Travis Talks Syndication.
[30:50 - 32:47] Closing Segment
Want to connect with Travis? Follow him on Twitter, Facebook, Instagram, and LinkedIn or visit www.tribevest.com to learn more!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“When it comes to scaling your business, when it comes to getting into a new type of investment, pull together with your colleagues” - Travis Smith
“We're building a scalable platform, so, you can do everything on the platform yourself, that’s how we're going to put, a big dent in this universe.” – Travis Smith
Cryptocurrencies are the future. They're not just a fad, they're a real investment that can provide you with consistent returns on your investment. Mike Brenan is here to talk about crypto investments and break them down for you. He explains what cryptocurrencies are, what they are used for, and what the potential benefits are. Mike talks about Bitcoin and Ethereum, but he also discusses other opportunities that are related to cryptocurrencies, like MLM programs and trading. This episode will help you make an informed decision about whether or not to invest in cryptocurrencies.
[00:01 - 12:06] Mike Brenan Shares His Background and How He Got Into Crypto
- Coming from a background in tech, Mike started buying Bitcoin when it was only worth sixty-five cents per coin
- Mike would’ve had millions of dollars in Bitcoin however, Mt. Gox, an early cryptocurrency exchange, went bankrupt and lost all his money
- How the Internet of Things (IoT) changed everything for Mike
- Bitcoin vs. IoT: what's the difference?
[16:12 - 26:09] How Lucrative is Bitcoin Mining?
- There are two main types of blockchain technology
-
- those that focus on digital currency
- those that focus on providing a platform for other applications
- The logistics and intricacies of mining
- The importance of having a good antenna for mining, the growth of the industry, and the current state of the market
- Success in this industry is not always achievable
- Understanding multi-level marketing strategies using crypto
[26:10 - 31:36] Understanding Different Cryptocurrencies and How They Compare
- Hyperverse is backed by a big-time player in the crypto world, and their goal is to replace all of the currencies essentially or at least compete with all of the worldwide government currencies
- Bitcoin is the most stable and practical cryptocurrency to invest in
- Ethereum is a more practical point of entry into the blockchain world
[31:37 - 41:58] How NovaTech Bridges The Gap for Investors and Crypto
- NovaTech is a mutual fund for forex and crypto that has been paying weekly 3% returns since Christmas
- NovaTech offers a reliable and profitable automated trading service, with the potential to grow your account over time if you reinvest your earnings
- How to invest with NovaTech
- Understanding when to trust an MLM product and how to tell if it’s a scam
[41:59 - 50:29] Closing Segment
Want to connect with Mike? Email him at mykl@ntfx.org or visit https://ntfx.org to learn more!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“I don't really know who the losers are in this equation, except the people who don't play.” - Mike Brenan
“Be careful of investing directly into the cryptocurrency pieces. That's not a game that I would personally get into.” - Mike Brenan
Resources mentioned:
- https://www.thecalculatorsite.com
Tamika Maultsby is a real estate investor who recently purchased her first deal, a shell property to fix and flip. Despite the 2008 stock market crash, Tamika was able to invest in her first three-unit apartment building. In this episode, we discuss how relocating to a new city and starting from scratch can be an effective way to invest in real estate. Tamika also shares her thoughts on Deal Maker Live, an upcoming real estate conference she will be attending. Tamika discusses how the pandemic has changed her perspective on life; she says that it's taught her to be more compassionate and to value the relationships she
[00:00 - 08:50] Opening Segment
- Tamika Maultsby lost money on her first few investments, but she persevered and now owns her first three apartment buildings
- Tamika shares her story of how she overcame adversity and succeeded in the real estate market; her journey to becoming financially independent.
[08:51 - 19:02] First Deal in Multifamily
- Tamika discusses her experience buying a property in a small town and how it's been different than she expected
- Having a plan and sticking to it is important, especially for those starting out in the market
- Learn as much as possible and be prepared for any potential risks
- $700/month in cash flow is phenomenal for an investment property, and it's time to move on to the next step
[19:03 - 33:29] Real Estate 101s
- Join meetups and take action
- Real estate is a long-term investment and there are many ways to invest in it, whether it be through wholesaling, fixing and flipping, or buying and holding
- Be comfortable asking real estate agents for leads outside of your area, as you can't always find deals in your area
- Be aware of different lender offers and credit union options when investing in real estate.
- It doesn't cost you anything to just reach out and make connections.
[33:30 - 43:16] Closing Segment
Want to connect with Tamika Maultsby?
Instagram: @Tamika_Invests
Email: Tamika@M3investments.net
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes
"There's always a way, if this is what you want to do. There are people who from all walks of life, college, no college, being incarcerated, who are doing real estate." - Tamika Maultsby
"It doesn't cost you any money to just reach out and make connections." - Tamika Maultsby
How do you build wealth by getting rid of bad debt? Today’s guest shares with us a super flexible and interesting new tool that will help investors strategize to get their properties debt-free as soon as possible without impacting their cash flow. For more than 35 years, Chip Emely has been helping individuals, small businesses and organizations maximize technology to enhance their productivity and marketing. Now, he uses technology to help reduce debt as quickly as possible without restricting expenses. His mission is to help individuals and business owners who feel burdened and stressed by debt pay off that debt as fast as possible by using a software program and coaching so they can start building wealth.
Tune in and discover how Chip came up with a magical algorithm that will help you become debt-free!
[00:01 - 06:07] Opening Segment
- Chip shares his background and work
- From IT to the investment space
- A passion to help people out of debt and how to leverage debt
[06:08 - 16:27] Navigating Debt
- How to eliminate the interest and the time to pay off that debt with Chip’s tool
- Finding the absolute fastest path to zero debt
- Debt is debt: Chip shares a successful zero-debt story of one of his customers
[16:28 - 32:58] Optimize and Maximize Your Debt
-
Doing whatever is best every day with timing, strategic payoff, maximizing interest cancellation that saves you as much money as possible
-
Start your journey to a life free from debt by reaching out to Chip at chip@emelygroup.com or 410-371-1351
-
Chip talks about their high paid service that will help you maximize the use of your money
- Chip’s software beats debt snowball and debt avalanche every time
[32:59 - 38:31] Closing Segment
Want to connect with Chip Emely? Reach out to him via Facebook, LinkedIn, Instagram, and Twitter. You can also check out Emely Group and let them assist you in eliminating debt in the fastest way possible saving you tens of thousands of dollars in interest!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“This software will work with business properties, commercial properties that work with commercial capital loans, equipment, loans, anything that is debt, this will help pay off as fast as possible, which means more money in your pocket to invest in something else.” - Chip Emely
“The software is very similar to debt snowball but it will turbocharge it, and still gives you that motivating factor.” - Chip Emely
When you can build an extra income, you know there's a light at the end of the tunnel for you. Keep in mind there's something beyond the nine to five income, and you’ll find that out by surrounding yourself with minded people. In this week’s episode, our amazing guest and friend, Dr. Albert Dunn will be sharing his journey getting into the real estate business and why he believes working with trustworthy and smart people is key in this industry.
Albert S.M. Dunn, DO is an orthopaedic surgeon with subspecialty training in sports medicine. Dr. Dunn graduated Magna Cum Laude from Gannon University in Erie, Pennsylvania majoring in biology and achieving membership in Beta-Beta-Beta, the national biological honor society. Dr. Dunn has invested in real estate, businesses, and a variety of other alternative investments with great success.
Tune in and discover how Dr. Albert became an entrepreneur!
[00:01 - 08:32] Opening Segment
- Dr. Albert shares his background and work
-
- Growing up in the South of Buffalo
- His experience studying with dyslexia
- How he became a doctor of Osteopathic Medicine and a top orthopaedic surgeon
[08:33 -22:13] Building a Hospital with Dr. Albert Dunn
- Dr. Albert's outlook on private practice
- How Dr. Albert started his own business and have his money work for him
-
- Save money for investments
- Why Dr. Albert decided to contact a finance person
-
- Understand long-term investments, retirement investments, etc.
- Take a chance to invest with Alex and his team by signing up for Legado Investor’s Club!
[22:14 -33:22] Surround Yourself with Trustworthy and Smart People
- Dr. Albert discloses the process of building a hospital
- Dr. Albert’experience with real estate for the first time
-
- Owning the building where his physical therapy office is
- The importance of working with partners
-
- You have to have the right people
[33:23 - 37:58] Closing Segment
Want to connect with Dr. Albert Dunn? Make sure to check out his website Precision Orthopaedic Specialties, Inc. Caring for athletes, caring for families, caring for you!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“Medicine makes money, that money is useful, but you work like a dog to make that money. And that money doesn't make money by itself unless you do something with it. ” - Dr. Albert Dunn
“The real key to the real estate empire is to surround yourself with people that are smarter than you and know what they're doing and are trustworthy.” - Dr. Albert Dunn“Time is the one thing you cannot make more of.” - Dr. Albert Dunn
Have you ever considered buying a business instead of starting a new one? Believe it or not, you can have great benefits by obtaining an existing business. In this episode, we have a deep conversation with Jeff Evenson in regards to acquisition entrepreneurship and the distinction between start-ups and businesses that are already running and generating cash.
Jeff has been a multiple business owner since 2008 and has successfully launched, purchased, and scaled several multi-million-dollar companies. He's also experienced virtually every good and bad element of business, including start-up, rapid expansion, purchase, sale, and franchise. His professional background began with 3 years in the US Army, followed by over 25 years of experience owning or working in companies with annual sales revenue from $500K to over $10B as an owner, operator, manager, analyst, and all of the above. Today, Jeff invests in or buys companies, to scale them up and retain them with all exit options considered in the process.
Let’s jump into how to buy a business!
[00:01 - 09:20] Opening Segment
- Jeff shares his background and work
-
- Growing up in St.Louis
- Being part of the US Army for 3 years
- How he learned to use financial statements
- His experience acquiring his first business
- Coaching people to help them accelerate and optimize small businesses
[09:21 -26:50] Buy a Business with Jeff Evenson
- How Jeff was able to get a fair deal on his first business acquisition
-
- Contact an external person with a business background
- Jeff explains how a seller note works
- The main SBA (Small Business Administration) loan requirements
-
- The transactions have to 100% ownership by the business
- The seller cannot be involved in the business after the sell
- Evaluate the basic skill to run a business
- Why it is better to work with small banking institutions
-
- They are more flexible and willing to build relationships with clients
[26:51 -46:20] Buying a Business vs Starting a Business
- Make sure the business you buy is stable, sustainable for the future, and implement a good operating system.
- Jeff’s tips to consider when evaluating the value of a business
-
- Educate yourself
- Research about deals in different industries to understand what they look for
- Analyze the economic machine
- Take a chance to invest with Alex and his team by signing up for Legado Investor’s Club!
- The benefits of buying a business vs starting a business
-
- Create generational wealth and get a functioning business
[46:21 - 52:22] Closing Segment
Want to connect with Jeff Evenson? Follow him on LinkedIn. If you have any questions, you can reach him at jeffrey.n.evenson@gmail.com or 314.221.0305. Head to The Lions Pride where they help small business owners accelerate their businesses, optimize their lives, and get a better understanding of themselves
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Tweetable Quotes:
“Find a banker that you can really build a relationship with. Banks are going to give you free advice because they want to have a deal done and they are going to help you. ” - Jeff Evenson
“You wanna be visionary and help people understand they are part of something bigger than themselves” - Jeff Evenson
“I believe the way you build generational wealth is through business ownership.” - Jeff Evenson
This week’s episode is a special one because we’re having our new co-host, Aziz Yousuf. We met in college, and since then he’s been a business-minded person. Today, we interview Alex Mandaro; a multifamily real estate investor focused on leading others to freedom to positively impact our world. He has been working diligently to build knowledge and experience in multifamily real estate investing. Alex's strengths include multifamily underwriting and finding creative solutions to problems. He’s passionate about financial freedom, leading, and working with people.
Let’s dive into his journey, and how age doesn’t matter to take control of your future!
[00:01 - 06:37] Opening Segment
- Alex introduces the new co-host: Aziz Yousuf
-
- His experience in the stock market
- A business-minded person
- Meeting Alex in College
- Getting to know Alex Mandaro
-
- A motivational story
- Taking the risk and succeed
- Having the courage of doing something out of the ordinary at 18
[06:38 -18:48] It's Never Too Early to Take Control of Your Future
- Alex Mandaro shares his background and work
-
- A business-oriented person
- His desire of having his own business
- Moving to Florida
- Focusing on multifamily
-
Alex Mandaro’s decision about not going to college
-
Financial Freedom with Real Estate Investment
-
- Educating himself to make his way in the industry
- Having a strong conviction to get into the real estate business
- Take a chance to invest with Alex and his team by signing up for Legado Investor’s Club!
- Why Alex Mandaro decided to join Michael’s mentorship course
-
- Finding and analyzing some deals
- Building strong relationships that will be important for future deals
[18:47 - 26:11] Closing Segment
- How to disclose real estate information to young people in an effective and exciting way
-
- Teaching people that money is nothing
- Getting the right mindset
- Alex Mandaro’s insights about the stock market
-
- NFTs
- How to connect with Alex Mandaro
-
- Links Below
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“My belief is that money isn’t anything. Money is money, it’s not good, it’s not bad, it's just a tool.” - Alex Mandaro
“Educate and teach people that as long as their intentions are good, money will be helpful to them and helpful to making the world a better place or whatever their mission is.” - Alex Mandaro
Resources Mentioned:
- Financial Freedom with Real Estate Investment - Michael Blank
Want to connect with Alex Mandaro? Follow him on LinkedIn, Instagram, and Facebook. Know that his purpose is greater than anything that can be measured by money, hence his desire to make a positive impact!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Let’s continue digging in the real estate business, this time from Alex’s outlook. In this episode, Alex will be talking about his experience in real estate, and he will share with us what he loves the most about this business. Alex Escobar is a founding member of Legado Invest, a Washington DC area Realtor and investor focused on helping clients maximize the wealth building potential of real estate in their lives. He previously managed programs related to housing and education for at-risk youth in Honduras.
Stay tuned until the end if you want to know why value add investment is so powerful!
[00:01 - 08:47] Opening Segment
- Alex shares a little bit of my background.
-
- Being a problem solver
- A founding member of Legado invest
-
- Provide good returns for their investors
- Improve the quality of life for tenants
- Moving to USA
-
- A sense of duty
- Being a teacher in middle school
- His entrepreneur journey
-
- Becoming a real estate investor
[08:48 -19:45] Alex Escobar on Multifamily Investments
-
The Investing in Apartment Buildings Book
-
Money vs deals problems
- Break the mental barrier
- The solution of a sample deal
-
Analyze deals and negotiate
-
Take a chance to invest with Alex and his team by signing up for Legado Investor’s Club!
-
Alex explains the main points of what real estate business is about
-
- When you buy a building, you create a new LLC
- A pass through entity
- Proportional shares of the profits and expenses: tax benefit
- The great things of real estate
-
- Bring expertise from people of different fields
-
- Real estate lawyers, CPA’s, property managers, etc.
- Alex shows how value add investing works as a strategy
-
- Finding buildings that have some sort of problem
- Having a business plan to solve it
- Increase revenue, control expenses, and make the building worth more
[19:46 - 25:16] Closing Segment
- Things you should look for in a syndication
-
- The team
-
- Do you believe and trust them?
- The market
-
- Do you believe in economics and demographics?
- The deal
-
- What are the improvements that need to happen?
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“The more profitable the building is, the more valuable it is.” - Alex Escobar
“Make sure you nurture yourself in anything that you do, so you can increase and maintain your impact.” - Alex Escobar
“I really believe that investing, and investing intelligently is supposed to change your life, not delay it.” - Alex Escobar
Resources Mentioned:
- Investing in Apartment Buildings
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Welcome back to Screw The Stock Market! In today’s episode, we’re speaking with Daniel Blue. Daniel is a Forbes contributor and owner of Quest Education. His company helps Americans with financial strategies most CPA's and financial advisers won't talk about. After overcoming drug addiction and having a child at 19 years old, Daniel was able to have a successful career in sales and made the transition from employee to entrepreneur.
Stay tuned until the end to know more about his story and how he redirected his life!
[00:01 - 07:15] Opening Segment
- Get to know my guest: Daniel Blue.
-
- Owner of Quest Education company.
- IRA and 401 (k) plan.
- Daniel shares a bit of his background
-
- Growing up in California.
- His entrepreneurship journey: Sales.
- Financial strategies.
- Personal development.
- Overcome our limited beliefs.
[07:16 - 19:17] Self-directed IRA
- Self-directed retirement accounts.
-
- How do you want your money working for you?
-
- Take money out of the account penalty and tax free.
- Buy inventory, marketing, credit card debt, etc.
- Investing outside of the stock market.
-
- Having more freedom and flexibility.
-
- Precious metals, real estate, etc.
- Daniel shares about Quest Education company.
-
- The importance of education.
- A network of affiliates.
- People have different needs at different times.
- Help clients in different ways on the financial side.
- Tax saving strategies.
- Daniel talks about his podcast with Keitoh Spears: How winners win
- Help people to win in their personal, business and financial life.
- Networking, discipline habits, time management, etc.
- Working with third party financial companies.
[19:18 - 21:07] Closing Segment
- Advice from Daniel.
-
- Have a winning mentality
- Personal growth.
- Expect adversity.
- How to connect with and contact Daniel.
-
- Links below.
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“I was able to put myself in position by meeting certain people and networking with certain people, and saving some money to eventually start my own business.” - Daniel Blue
“If you're feeling those emotions, if you're having those thoughts, that means you're growing, that means you're doing something outside of your comfort zone”- Daniel Blue
“We just have to embrace more of the struggle because that's where the growth is on” - Daniel Blue
Resources Mentioned:
- Quest Education
- How Winners Win Podcast - Daniel Blue & Keitoh Spears
Connect with Daniel through LinkedIn. Check out his website https://www.danielblue.me/ to grow into a better person and learn more about making money tax free!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Welcome back to Screw The Stock Market! In today’s episode, we’re talking to Edmund Chien. Edmund is a Canadian private equity and investment advisor with over 15 years of experience raising capital from high net worth investors. He is very involved in the apartment space, and a coach and mentor to a lot of other fundraisers and apartment syndicators. Stay tuned until the end to hear about really interesting perspectives about the stock market and real estate.
Let’s dive into the value of real estate investing!
[00:01 - 04:44] Opening Segment
- Get to know my guest: Edmund Chien.
-
- Canadian advisor.
- Edmund shares a bit of his background
-
- 10 years of experience in private equity: accredited investors.
- Life insurance license.
- Advantages in real estate.
- Stock market in real estate.
[04:45 - 15:40] Understanding The Value in Real Estate
- The bank perception of the risk.
-
- What are banks buying?
-
- Buying and selling stocks.
- 75% of the asset.
- What are institutional investors buying?
- People recognize the big player seems to win when it comes to investing in the stock.
-
- Flash Boys- Michael Lewis.
-
- High frequency trading.
- Qualitative analysis.
- There is a value in tax management.
- Risk adjusted return.
-
- How can I increase my return, but keep my risk relatively manageable if not lower?
- The perspective on the accredited investors.
-
Vehicle and other assets that might be the stock market.
-
Compliance on legal training.
-
There are a lot of investment options that a bank would buy.
-
- Educating investors.
-
- Focus on increasing your income.
-
The benefits of syndications within real estate.
-
The value of real estate.
- Leverage properly.
- Syndicate deal.
- Client and investor relationship.
[15:41 - 22:43] Closing Segment
- What Edmund is doing now.
-
- Financial education.
- Coaching people.
- Financial professional.
- Syndicators.
-
How to raise capital.
-
Doing the investor’s relation components.
-
Achieve financial independence.
- How to connect with and contact Edmund.
-
- Links below.
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“The best thing people can do is get financial education. Start reading materials, start reading about finance, start being hungry about it.” - Edmund Chien
“The more experience we get in a thing, the more knowledge we have, the risk starts to decline because you know how they work and what to anticipate and what to expect”- Edmund Chien
Resources Mentioned:
- Rich Dad Poor Dad - Robert T. Kiyosaki
- The Richest Man in Babylon - George S. Clason
- Think and Go Rich - Napoleon Hill
Connect with Edmund Chien through LinkedIn, Facebook, and Instagram to achieve your biggest goals by living a life of purpose!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Get ready to get your mind blown by this incredible, low barrier to entry investment opportunity with today’s guest Aninze Awanna! Aninze is a federal contracting officer and the owner of Awanna Holdings, a veteran-owned, woman-owned mortgage note investment business. She buys and holds distressed mortgage notes to create long-term cash flow for higher than average returns. In this episode, Aninze drops some unique knowledge on another way you can build generational wealth through investing you may have never heard before.
Jump right in if you want to learn how to make (A BETTER!) passive income by investing in mortgage notes!
[00:01 - 06:13] Opening Segment
- Get to know my guest: Aninze (Zee) Awanna
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- Owner of Awanna Holdings, LLC
- Aninze shares a bit of her background
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- Runs the group NoVa Notes Meetup
- Retired Navy officer
- Federal Contracting officer
- Started Awanna Holdings in 2018
- From fix-&-flip strategy to investing in notes
- Buying mortgage loans at a discounted rate
- 1st and 2cd position notes, performing and non-performing
[06:14 - 25:16] How to Make Passive Income by Investing in Mortgage
- Aninze is an advocate for resources and training
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- Education is important
- Be careful not to get stuck in analysis paralysis
- Building a network in the process
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- It’s a small niche opportunity
- How it works
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- It starts when someone takes a loan from a bank
- When someone can’t pay back the loan, you can buy that loan
- It’s like becoming the bank
- Aninze breaks down the numbers through an example
- When a loan becomes non-performing, you can buy it at a discount
- What to do when you “become the bank”
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- You now have the power to modify the loan
- The discounts will depend on the expected return
- “Boarding the loan” with a loan servicer
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- The servicer pays out the loan to you
- Examples of how servicers help modify the loan
- If the loan can’t be paid back you can own the property
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- Option for seller financing
- Option to rent or fix & flip
- Possible barriers to entry for note investing
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- You won’t be able to get in without money
- The good thing is that you can do it anywhere
- Some states do require a license for note investing
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A quick word about Legato Investor’s Club
-
legatoinvest.com/invest
[25:17 - 44:22] Key Strategies to Invest in Notes
- Requirements do not limit you
- Bigger costs that can come from note investing
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- You need to have a large enough money cushion
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- Keep at least $5,000 set aside for each investment
- How Aninze bought a note for $1,000 and made a profit
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- Property in Alabama starting at a low capital investment
- Do your due diligence - get eyes on the land
- The property doesn’t have to be somewhere you would live
- Getting a check from the service
- The full loan was $22,000, purchased at only $1,000
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- Making a profit in less than 4 months
- Navigating the high interest of these mortgage loans
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- Sometimes up to 9% or 12%
- Some of these loans can be around 10 to 15-year loans
- The principle and the interest becomes irrelevant in some cases
- How to do a “partial”
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- You can buy a part of a mortgage note
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- Ex: 3 years worth of payments
[44:23 - 51:19] Closing Segment
- What to do next for those who are interested
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- For passive investors - partner with someone
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- You can split the ownership of the loan
- How risks are mitigated
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- Go through your options with the active investor
- How to learn even more
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- NoVa Notes Meetup - links below
- How to connect with and contact Aninze
-
- Links below
- My dirty little secret - I’m also a federal contractor!
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“There are so many, what we call, exit strategies to be able to exit a property… Skies the limit, really.” - Aninze Awanna
“This is an awesome, awesome, awesome, alternative investment.” - Aninze Awanna
Resources Mentioned:
- NoVa Notes Meetup
- The Note Assistance Program
- Awanna Holdings YouTube Channel
Connect with Sherita through LinkedIn, Facebook, and Instagram. Be sure to visit https://awannarandh.com/ for more opportunities to establish a passive income through note investing.
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Sherita Wallace believes that wealth creation starts when you unlearn your limitations and stop depending on institutions to create your ‘happy ending’. Sherita is a recovering lawyer turned-Online Marketing Strategist who designs content for websites, social media, and print marketing materials. She also builds her wealth through real estate investing. In this episode, Sherita expertly shares key insights from her own story, how to grow wealth quickly, and the importance of mentorship among so many other lessons she’s learned by failing forward.
Screw the stock market! Tune in and take the leap into your wealth creation.
[00:01 - 09:25] Opening Segment
- I introduce the topic for this episode
- Get to know my guest: Sherita Wallace
-
- Lawyer turned Marketing Strategist
- Marketing Strategist turned Real Estate investor
- Sherita shares a bit of her background
-
- Her early plan and career as a lawyer
- Getting interested in real estate through her parents
- The process of pivoting away from her career in law
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- Getting support from her husband
- Creating an online business
[09:26 - 25:16] Take the Leap into Your Wealth Creation
- Sherita talks about starting her online business
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- The importance of delegating tasks so you can focus
- The initial shock of navigating high-income to no-income
- Raising money through speaking engagements
- Evolving into online marketing
- Building towards her target market
- I explain how there’s more to investing than your 401K
- Sherita speaks into moving away from the “401K” mindset and into wealth creation
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- Sometimes you ‘drink the Kool-Aid’ at the beginning
- “You need to unlearn your limitations.” - Steven Furtick
- Letting go of the security blanket
- Defining your pillars of wealth
- Use your W-2 to leverage your deals
- Getting your time back
- Stop depending on institutions to give you your ‘happy ending’
[ 25:17 - 50:36] Creating Wealth Through Real Estate
- How self-discovery played into Sherita’s pivot
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- Separate your identity from your work
- Asking yourself “who am I?”
- How Sherita got into her first deal
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- Education and strategy first
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- Brandon Turner - BiggerPockets
- Take personal finances into account
- Purchasing the first investment property after clearing debt
- Dispelling the myth of needing to “Pay off your house”
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- Let someone else pay it off for you
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- Sell or rent
- Leverage the equity to buy other houses
- How many houses could you buy with the payment on one house?
-
A quick word about Legato Investor’s Club
-
legatoinvest.com/invest
-
Sherita explains how she scaled from 1 to 11 properties
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- Starting with the BRRRR Strategy
- Let yourself make mistakes at first
- Revisit your goals and establish what worked and what didn’t
- Doubling or tripling your money on one deal through Multifamily
- Maximize your potential by getting a coach/mentor
- How masterminds, mentors, and coaches can help your wealth strategy
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- How it changed the trajectory of Sherita’s business
- The most successful investors still have a coach
[50:37 - 57:51] Closing Segment
- Think of how you can share value with people around you
- Sherita’s last bit of advice to listeners
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- If you have a desire then it’s something bigger than you
- Explore it, don’t ignore it
- Doubt and fear will betray you every time
- How to connect with Sherita
-
- Links below
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“I knew I needed to leave, I knew I wanted to leave, but I wasn’t uncomfortable enough yet. Sometimes you gotta get uncomfortable enough to finally do what you should’ve done a long time ago.” - Sherita Wallace
“As you continue to go through life and you bump into the right people who really are steps ahead of you… something starts to click.” - Sherita Wallace
“I think time, to us, is more important than a paycheck.” - Sherita Wallace
Connect with Sherita through LinkedIn, Facebook, and Instagram. Be sure to visit https://www.esdywall.com/ and work with Sherita to launch your vision!
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.
Welcome to Screw the Stock Market! In today’s episode, we are talking with Erik Carey, who happens to be my business partner in apartment building syndication. We will talk a little bit about his life story, where he came from, and how he got to where he is to share some of his ideas on success and tenacity and what it takes to be successful.
Let’s dive in!
[00:01 - 12:26] Opening Segment
- I introduce the topic for this episode
-
Know my guest: Erik Carey
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His childhood
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Erik tells his effort during his teenage years
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How Erik’s life was changed over the years
- Erik studied international economics with a minor in both Spanish and government politics
- Real estate helps him for been here
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What is successful for Erik?
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Self-confidence and education
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Erik’s experience in Costa Rica
[ 12:27 - 18:54] Explore Erik's work-life!
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What happened after his studies?
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Erik thought any real skill could be transferable into a certain career
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His beginnings in real estate
- Erik’s best experience in his work life
- “The problem”: “I had was I learned that I was more of a micromanager” than I thought”
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Erik started a general contracting company.
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Was a “win-win”
[ 18:55 - 52:23] Sock world: pros and cons
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Erik’s experience in the stock market and why he left it
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If the sock didn’t go up, that had not to impact on the stockbrokers
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Some individuals don’t do what’s in the best interest of their client
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The moment when he considered that was an expert in the topic
- The reason why Erik did up leaving the “Wall Street snare”
- Erik consider that, maybe, he is the only stockbroker who doesn't have his stock
- The investors who get in on the retail side are called “dumb”
- How is the big money made?
- Manipulation in real estate
- Real Estate Investment Association
- Erik’s first multifamily deal
- The importance to study real estate
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Erik’s formula in the market
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The movement that you need to monitor
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Never stop trying!
[ 52:24 - 1:00:00] Closing Segment
- Follow us and give us a review
-
- See links below
- Final words
Tweetable Quotes:
“The point that matters is who's successful is not because the parents have a lot of capital to support your endeavor, a 4.0 student with a great SAT score. I think what matters is self-confidence." - Erik Carey
“I was satisfied with the returns and I was satisfied with the product that it was a win-win.” - Erik Carey
“I'm probably the only stockbroker who doesn't own stock.” - Erik Carey
“Real money isn’t made within 30 years, it’s made in seconds, it’s made in days. That’s where the real money is made with large tranches of a ‘stalker’ bought and sold in a movement.” - Erik Carey
“Never stop trying!” - Erik Carey
Connect with Erik through LinkedIn.
LEAVE A REVIEW + help someone who wants to explore the different faces of real estate by sharing this episode.