Wealth Renegade: Recent Episodes
Kim Butler and Robby Butler
You cannot reach the goal you seek by aiming for someone else's target. You must be willing to go against the grain of typical, routine wealth strategies to experience dramatic breakthroughs in your wealth-building journey, and the Wealth Renegade podcast delivers your roadmap. Are you seeking the best of what the worlds of personal finance and investment have to offer? Look no further! With battle-tested expertise, the Wealth Renegade Podcast sharpens your financial literacy by delving into topics that run the range of the subject of money. Join Investopedia Top 100 Financial Advisor, author, and founder Kim Butler, philanthropic advisor Robby Butler, and real estate investor Ben Robinson to help you unleash the investor within – and prosperity! Get better financial results by learning to spend, invest, and think for yourself. Strap on your seatbelt, dig in, and build wealth with the Wealth Renegade Podcast!
The most successful investments are repeatable and controllable outcomes, allowing the investor to operate their portfolio as a business. Meet David Randolph, a nationwide expert on short sales. His real estate portfolio is entirely focused on "buying right" and renovating for profit. He founded his education company to teach investors the methods he has used to master the federal guidelines and control his portfolio effectively!
Highlights
- Choosing real estate during recession.
- Short sale strategy explained.
- Federal short sales process consistency.
- Wild Cowboy Days in short sales.
- Homeowner relationship importance.
- Transition to hard money lending.
- High-interest hard money lending model.
- Contractor availability challenges.
- Teaching short sale techniques.
- Personal branding and website story.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
- Connect with David Randolph
- office@realtyrenovator.com
- https://www.linkedin.com/in/thedavidrandolph/
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For any active business owner or serious business thinker, creating interest in your company is essential for survival. Jon Caldwell is the consultant to hire for this initiative. Jon shares strategic concepts, categories, channels to operate in, essential metrics such as “cost-per-lead-generated”, and more. Follow Jon’s consulting work at 3Victor.io and on YouTube.
Highlights
- Jon Caldwell’s military background and entrepreneurial journey.
- The importance of positioning in sales and marketing.
- April Dunford’s concept of product categories and positioning.
- Three strategies for marketing: Big fish small pond, win the ocean, create a new category.
- Military metaphors for marketing strategy.
- Alex Hormozy’s four big marketing channels.
- Importance of testing in marketing to find what works.
- Starting with outreach and content for marketing.
- Modeling go-to-market strategies after market leaders.
- Setting cost per lead and the importance of long-term thinking.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
- Connect with Jon Caldwell
- https://3victor.io/
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Weston is a rare investor. Often vision develops over years or decades of experience in one’s chosen asset class, but Walker selected multifamily real estate investments as a core competency for his real estate portfolio while still in college. We unpack elements of that vision which led to him founding West Rock Equity almost two years ago.
Highlights
- Real estate as a key investment in wealthy portfolios.
- Vision for building an alternative asset management platform.
- Importance of learning from influential figures in the industry.
- Insights into multi-family asset class appeal.
- Current trends and discounts in the multifamily market.
- Identifying opportunities amidst market fluctuations.
- Key factors to consider in choosing a sponsor.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
- Connect with Weston Walker
- https://www.linkedin.com/company/west-rock-equity/
- weston@westrockequity.com
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The Asset Allocation Series dissects various portfolio theories so necessary for a Wealth Renegade’s vision. Listen to experts from various industries in the financial sector lay out their ideal arrangement of the assets on your balance sheet!
Portfolio Theory. Asset Allocation. Investment Strategy.
Terms you hear all the time when speaking to a Financial Advisor. Meet our alternative asset series - and the investors who have their own financial models for efficient use, growth, and consumption of capital.
See the full series and all interviews on YouTube here: https://www.youtube.com/playlist?list=PLAyh9rNBwglvFADUs6byzmPAo3Hxx1vvC
For more information on real estate investments visit https://YStreetCapital.com
Connect with Robby Butler: https://calendly.com/robby-butler-ysc/15-phone-call
Highlights
- Importance of high conviction in state and group selection.
- Necessity of direct oversight in real estate investments.
- Strategic rather than broad diversification.
- Focus on cash-flowing real estate assets.
- Creating wealth through focused areas of business.
- Balancing risk with diversification for ultra-wealthy families.
- Teaching investment strategies at Family Office Club.
- Topics covered: wealth investment, due diligence, and deal structuring.
- Sharing best practices among founders at the club.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Gary Allen, Vice President of Continental Adjusters, shares his expertise on maximizing insurance claim recoveries after a loss for commercial real estate owners. With over 24 years of experience and $4 Billion recovered for clients, Gary delves into how property owners can avoid leaving money on the table when filing claims. Learn why hiring a public adjuster is crucial for leveling the playing field against insurance companies and how it can increase claim settlements by 30-70% on average.
Highlights
- Transition to the principal side and raising money.
- Building and selling RealCapitalMarkets.com.
- Importance of public insurance adjusters.
- Analogy comparing insurance claims to IRS audit.
- Importance of policy analysis.
- Insurance companies pray you'll use contractors.
- Reactions during emergencies.
- Hiring a qualified public adjuster.
- Impact of public adjusters on claims.
- Success story: Ritz Carlton claim.
- Importance of engaging adjusters early.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
- Connect with Gary Allen
- Email: gary@coadj.com
- Gary's Cell Phone: 972-878-4473
- Visit Continental Adjusters at: www.coadj.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Steve Suh has invested in over 50 syndications. He has seen over 20 different asset classes. When will you gain his level of insight and experience? His book, “Avoiding Rookie Errors as a Left Field Investor” describes 20 mistakes you can avoid for your forbearance. And if you don’t have time to read his 60-page book… you don’t have time to be investing. Listen to Steve’s insights and be sure to order a copy of “Avoiding Rookie Errors”!
Highlights
- Transition from active to passive investments.
- Learning from Rich Dad Poor Dad.
- Emphasizing the importance of diversification.
- Personal experience with Ponzi schemes in oil and gas.
- Investing in boring assets for stability.
- The significance of cash flow in reducing investment risk.
- Listening to others’ perspectives: the role of LeftField Investors.
- Importance of learning from other people’s mistakes.
- The crucial role of the sponsor in syndication success.
- Balancing risky investments with stable ones.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- podcast@robbybutler.com
- Connect with Steve Suh
- Link to book: https://a.co/d/9YUQlfF
- Steve@LeftFieldInvestors.com
- Join their investor community at https://www.leftfieldinvestors.com/
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Coinvestment is a critical part of any passive investor's analysis. Adam Penn has invested in three different asset classes - oil & gas, short-term rentals, and pre-IPO stocks. Over time he moved to the sponsorship side, giving him a lens on how a co-investment affects each investor's experience with their selected sponsor. Follow Adam at BidwellCapitalFund.com.
Highlights
- Investment Motivation and Philosophy
- Real Estate vs. Stocks
- Advantages of Real Estate Investments
- Deep Dive into “Alternative”Assets
- First Private Placement Investment
- Growth Through Co-investment
- Diversified Asset Classes
- Oil and Gas Investment
- Assessing Operators’ Co-investment
- Co-investment Benefits
- Passive Investor Considerations
- Risk of No Co-investment by Partners
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Adam Penn
- madannep@gmail.com
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Victor Menasce is the Senior Partner of Y Street Capital and in this special session we discuss his predictions (or “deductive reasonings”) about the macroeconomy. We discuss wealth preservation, investment partnerships, international currencies, and foreign exchange (in both monetary terms and building materials!). Watch us live on LinkedIn on the first Friday of every month at 5 PM ET, or listen to Victor daily at The Real Estate Espresso podcast - wherever podcasts are subscribed to!
Highlights
- Deductive reasoning instead of crystal ball predictions.
- Analyzing economic adjustments and manipulations.
- Nearshoring and the global search for new markets.
- Finding significant savings in construction materials.
- Predicting excess global manufacturing capacity rationalization.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Victor Menasce
- https://ystreetcapital.com/victor-menasce/
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We delve into the strategic insights of Terence Critchlow, a seasoned investor with a penchant for conservative yet lucrative ventures. Terence's investment strategy has a clear philosophy, emphasizing steady cash flow and mitigating downside risks. From the allure of real estate syndications to the nuances of asset allocation, Terence shares his journey toward financial freedom and legacy-building. Even better, Terence has made strategic decisions to focus his efforts on a tailor-made strategy for his long-term success. Follow him on LinkedIn and join his blog about his work in commercial real estate investments!
Highlights
- Terence Critchlow, a seasoned investor, shares his conservative yet profitable investment strategy.
- His approach prioritizes steady cash flow and risk management for long-term success.
- Real estate syndications and asset allocation are key elements in his investment journey.
- Focusing on a tailor-made strategy has contributed to his financial freedom and legacy.
- Stay updated on his commercial real estate investments by following him on LinkedIn.
- Terence's blog offers insights into his work and experiences in the investment world.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Terence Critchlow
- https://mbc-rei.com/
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Out of the five popular types of retirement accounts, which is optimized for your investment strategy? Joel Landon explains the impacts of UBIT, UDFI, and your investment choices on the qualified plan you choose. A personal note: Joel explains in 15 minutes what it has taken Robby two years to compile and understand. If you use retirement accounts, this is for you. Follow Joel at https://eqrp.com/
Highlights
- Joel’s motivations for joining EQRP
- Introduction to Unrelated Business Income Tax (UBIT) and how it applies to different retirement plans
- What UBIT and Unrelated Debt Financed Income (UDFI) are
- How EQRP plans are exempt from UBIT when investing in debt-financed real estate
- UDFI and its relation to EQRP and other retirement plans
- Personal loan and contribution features of EQRPs
- The personal loan feature and how EQRP takes care of all the loan details
- The contribution feature of EQRPs and its comparison with other retirement accounts
- Flexibility of EQRP plans
- When EQRP plans may be subject to UBIT.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Joel Landon
- joel@eqrp.com
- https://eqrp.com/
- https://www.linkedin.com/in/joel-landon
Review, Subscribe and Share
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In 2016, David Shirkey focused his business-buying prowess (built over generations with his family) to explore numerous asset classes: Mobile-home parks, industrial, multifamily, and life insurance. How did Bitcoin enter the fray? Find out here: In the broadest episode we have ever done at the Wealth Renegade Podcast. Follow David on X.com at @shirkeyd: https://x.com/shirkeyd
Highlights
- Benefits and strategies of investing in life insurance
- Experiences with Bitcoin in El Salvador
- Balancing exposure to Bitcoin with other asset classes
- Managing family involvement in investment strategies
- Family unanimity for decision-making in deploying capital
- 10-10 annual meeting and the family's investment strategy
- Activities the family indulges in during their meetings including games and business pitches from the children
- The importance of intentional discussions about their family business, investments, and goals during their annual trip
- The imperfect but effective nature of their family investment strategy
- Approval of David's family's exercise of long-term thinking and commendation of their initiative
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with David Shirkey
- dshirkey@orbitform.com
- www.orbitform.com
- https://x.com/shirkeyd
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Michael Orlando likes playing with invisible building blocks. Since building and exiting several tech businesses, he has refined his process even as he’s broadened his scope as an investor and founder, and he relishes the concept of business-building. He is invigorated by value-add strategies and how leverage can achieve strategic by-products that scale. Connect with him at https://www.landoconsulting.com/
Highlights
- Identifying where Michael’s skills were best suited, choosing to focus on businesses that utilize his technical skills, and juggling multiple different projects
- Taking a systematic approach to his ventures, seeking consistency rather than flashy successes
- How his business exits affected his asset allocation strategy and how his perspective has evolved
- His insight into how one’s allocation strategies should evolve with age and circumstances
- Michael’s legacy desires and his approach to wealth creation
- How he sees his legacy in terms of products and services that are beneficial to users
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Michael Orlando
- https://www.landoconsulting.com/
- https://www.linkedin.com/in/mikeaorlando
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Paul Vranas founded Colfax & Halsted to create special purpose entities (SPE’s) for investors to come alongside him as he invests in his local market of Denver, Colorado. After three generations of real estate investing (spanning retail, multifamily, condos, value-add density plays, and SFR’s), he made the strategic choice to push the envelope for greater scale and opportunity. Follow him at https://www.colfaxhalsted.com/
Highlights
- Paul’s grandparents' journey in starting their grocery store and eventually buying a building that housed numerous family members
- His recent investments and how he strategized working with his family, friends, and professional network to raise capital for a large project
- How he got started, his experience in real estate finance, how he conducted the raise of capital, and how he continued to educate himself with a Mastermind and diligently working with specialists
- From Paul's firsthand knowledge and experience of his market, he aims to build out a diversified portfolio, working with different developers and neighborhoods in Denver in the following years
- His family's generational wealth journey, appreciating and learning from his ancestors' experiences, and taking forward the journey in his own way in real estate investment.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Paul Vranas
- https://www.colfaxhalsted.com/
- https://www.linkedin.com/in/pvranas
Review, Subscribe and Share
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Drop your ego and find psychological freedom as an investor? Marc Halpern has designed the “Ultimate Passive Investor Endgame” out of the research for his book “Now Be Happier” and decades of real estate investing - if you know that investing is the tool in your toolbox for personal fulfillment, pay attention. He also discusses his Deep Due Diligence process for investors who want scathingly precise methods for identifying right-fit opportunities.
Highlights
- Marc’s part-time investing company, Part-time Investors LLC.
- The creation of an objective metric for happiness
- The four categories of time
- Practical application of how the 'Now Be Happier' app works
- How this approach to time helped him realize he needed to shift from managing tenants to private placements
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Marc Halpern
- https://www.amazon.com/Now-Be-Happier-Measure-Happiness/dp/1960953001
- https://www.parttimeinvestorsllc.com/
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In this episode, host Robby Butler interviewed Dr. George Ozoude, an orthopedic surgeon and founding partner of Time Health Capital. Dr. Ozoude started his career in Houston, Texas, working within the state-run academic community practice program. Although initially pleased with his career, he became disillusioned with the corporate medical model he observed, which he felt detracted from the quality of patient care and physician autonomy. Motivated to make a difference, Dr. Ozoude began exploring finance and started investing to build a passive income to regain personal and career autonomy.
Dr. Ozoude's ultimate goal is to enable more physicians to become more satisfied and autonomous in their careers by creating financial independence. His vision for the future includes an army of financially secure physicians providing great patient care and positively impacting the healthcare landscape. In terms of figures, he aims to raise $5 million this year, up from $500k raised last year and hopes for upwards of a billion dollars in investment in the distant future. Dr. Ozoude insists the work is a legacy for his family, which has deep roots in the medical profession.
Who’s The Guest? Meet Dr. George Ozoude, orthopedic surgeon and investor in 25 limited partnership opportunities across asset classes. Dr. Ozoude is different, however. He knew it was his purpose to transform healthcare: from the strictures of the corporate medical model to freeing physicians to serve their patients and feel the satisfaction of their positive impact. Dr. Ozoude gives you his portfolio theory, his approach to passive and active income, and the immense personal growth that occurs from working on your purpose.
Highlights
- The principle of American freedom and how it affects their professional practice.
- Dr. George Ozoude’s investment choices
- Factors that influence the investment choices he made
- His strategies for generating passive income
- What his investment proportions are
- How his investment preferences can change over time
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Dr. George Ozoude
- https://timehealthcapital.com/
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Three sources of capital. Six decades of experience. $1 billion in AUM. Irwin Boris is the Senior Vice President of Heritage Capital Group and he wants you to consider industrial investing. If you are ever tempted to “eat your IRR” (impossible) or buy an asset without in-place cash flows, listen to Irwin to get insights into small-bay industrial flex and logistics spaces.
Who’s The Guest? Irwin is the SVP of Investments for Heritage Capital Group, a 3rd generation real estate family office. In the past, he has been the Head of Real Estate for several family offices (foreign and US), making investment decisions. He currently advises investors on existing and potential investments and provides asset management services. Irwin has more than 30 years of experience in real estate finance, investment, and asset management. During his professional career, he has participated as a direct lender, principal, investment banker and advisor in more than $5 billion in real estate transactions.
Highlights
- How Irwin and the host met at the Family Office Club Super Summit
- Investing in industrial buildings as it offers better returns and more stability compared to multifamily units
- The importance of having a long-term view and experience to make sound investment decisions
- Why investors should focus on the actual cash flow rather than estimated cash flow or lofty projections
- The tax advantages and wealth creation potential of real estate investments
- The need to be prepared for economic cycles
- The importance of long-term debt plans and low leverage ratios
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Irwin Boris
- https://www.heritagecapitalgroup.net/
- irwin@heritagecapitalgroup.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Rather than spending $10,000 attending, here is your insight into the Family Office Club Super Summit. Over three days, 120 speakers and the upper echelon of wealth providers and creators come together to discuss strategies, structures, and syndicated opportunities. The term “generational wealth” is thrown around - but the attendees have accomplished this and are looking for their next pathway to level up.
Highlights
- Different categories experienced at the conference
- The concept of a family office
- The workings of the asset allocation and investment decisions
- Different examples of well-known family offices
- The importance of values and principles in a family office
- Takeaway on value alignment for potential partnerships or hires
- Impact of bad investments and the need to pull the plug when necessary
- Why you should start vetting the right partnerships
- Anecdote on person on stage offering ludicrous investment opportunities as a warning to be vigilant in choice of partnerships
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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In this episode, Pasquale Zingarella talks about his journey from corporate America to entrepreneurship, including launching his platform InvestClearly. This platform provides unbiased reviews from limited partners (LPs) and various deal details, leading to clarity and transparency in investment opportunities. Pasquale and host Robby Butler emphasize that investors can use this information to gain truthful insights for decision-making. They note that large marketing budgets or sophistication don't equate to investment skill; instead, varied LP experiences shared on such platforms can offer clearer understanding.
Highlights
- Pasquale’s journey to entrepreneurship and real estate investing
- His experiences as a real estate investor and the personal growth he experienced
- What his entrepreneurial journey was and how his experiences drove him to create a better platform for investment
- The difficulty of making comparisons in the investment industry
- How marketing skills don't necessarily equate to investment skills
- The need for education and due diligence before investing
- The long-term impacts of Invest Clearly
- The transparency in communications and investor relations regarding the "dirty laundry" within investment deals
- An objective view for limited partners to understand syndications
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Pasquale Zingarella
- Website: https://goinvestclearly.com/
- Email: pat@goinvestclearly.com
- Instagram: @pasqualezingarella
- Facebook: https://www.facebook.com/pasquale.zingarella
- Linkedin: https://www.linkedin.com/in/pasqualezingarella/
- Twitter: @pasquale_z
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Both new investors and seasoned capital allocators need to understand who they are working with. Join Passive Real Estate Investing with Mavericks host Neil Timmins and Robby Butler as Robby tackles the critical realm of investor relations, decoding what you should expect and why it matters.
Highlights
- Robby’s career journey from college, through his time in philanthropy and the real estate sector
- How it's important to have a long-term view for one's investment portfolio
- The importance of learning from experiences and taking ownership of one's process
- Significance of investors asking questions when considering investment opportunities
- The importance of understanding the values of who you're working with when investing, and the potential risks if these values are not aligned
- Why investors need to take cautious steps while investing in growth
- Robby’s passion outside of real estate
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Neil Timmins
- https://podcasts.apple.com/us/podcast/passive-real-estate-investing-with-mavericks/id1606033254
- https://www.linkedin.com/in/theneiltimmins
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Jay Johnson is the founder of Code 3 Americans, Code 3 Assets, and is an active SWAT Team Lead. We discuss independence, objectivity, and financial literacy on this episode of the Wealth Renegade Podcast. Join Jay at https://code3assets.com/
Highlights
- The people Jay plans to serve and his backstory in military and law enforcement
- Role of the military and firearms in personal protection
- The lack of real financial education in schools
- Thoughts about the agenda in the financial industry
- Critique of the Wall Street machinery, lack of understanding of fundamentals, and financial advisors turned financial brokers
- The lack of independence in the financial industry
- Jay's personal experience and realization about financial literacy serves as a fatal funnel
- Overcoming the inertia in financial independence and the resources Jay tapped into
- Importance of financial independence in enriching humanity and saving America
- Assertion about the financial industry promoting self-interest
- Jay's advice on consuming financial education in small steps, with consistency and willingness
- Why you should join the Code 3 American community
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Jay Johnson
- https://code3assets.com/
- jay@code3assets.com
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Caleb Guilliams' Better Wealth Solutions was started to help ordinary people achieve ordinary wealth. From life insurance to real estate investment to personal finance, Caleb is a brilliant monetary thinker. Enjoy!
Highlights
- How Robby Butler began his career in the fundraising industry and his introduction to real estate
- What real estate syndication is Life insurance and how it is used as an asset
- New business model for real estate
- The importance of being responsible when handling money
- The value of creative finance and continuing to offer valuable products or services, regardless of the state of the economy.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Caleb Williams
- https://www.betterwealth.com/
- https://www.linkedin.com/in/calebguilliams
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Victor Menasce wrote the book on capital raising for any worthy venture with "Magnetic Capital". His podcast, The Real Estate Espresso, is a top-notch resource for you as an investor. He interviews Robby here in his classic 15-minute structure. Enjoy!
Highlights
- Why Robby chose to work for Y Street Capital
- Robby's observations of the company from the inside
- Thoughts on continuous growth within an organization
- Overview of feedback received from investor relations
- Robby on his approach to engaging and understanding investor needs
- The importance of truth in transactions and decision-making
- Robby's experience in handling both small-time and institutional investors
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- The Real Estate Espresso Podcast Episode:
- https://open.spotify.com/episode/0w4yWkd8KJcnkqvEC5GTkC?si=ffb33603550b4800&nd=1
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You know them as the Real Estate Guys - the longest-running investment podcast in America. Listen as Robby is featured on this episode titled "Secrets of Successful Young Investors" - with friends and experts Travis Godon and Sep Bekam of Bekam Investment Group.
Highlights
- Value of having a mentor in real estate
- Advice for young people to get involved in real estate from an early age
- Robby shares his journey of getting interested in real estate and making his first home purchase.
- Robby discusses his motivation to do bigger deals using other people's money.
- Robby discusses the importance of creating meaningful partnerships in his real estate journey.
- Robby gives advice to young individuals who are considering investing in real estate.
Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- https://realestateguysradio.com/podcast-starting-early-secrets-of-successful-young-investors/
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Robby interviews the Director of Marketing for Peak Prosperity, his good friend and entrepreneur Dane Larsen. Dane's journey to independent thinking came through his inspiring and norm-busting choices as a young man, and one meaningful encounter with the one-and-only Dr. Chris Martenson.
Highlights
- Introduction to Peak Prosperity and Dr. Chris Martenson
- Overview of Dr. Martenson's books: The Crash Course and Prosper
- Identifying Chris Martenson's target audience
- Focus on building skills to take advantage of opportunities
- Taking small steps to build a more resilient life
- Thinking in percentages rather than black and white
- How to follow Dr. Martwnson and Dane Larson
- Thoughts on China's actions on the world stage
- Taking cues from China's long-term approach and focusing on what matters
- Energy and oil, and China's strategic positioning in the energy market
- Effects of international nations not wanting the US dollar, causing domestic inflation and pain
- Utilizing resources like Peak Prosperity to understand the current state of the world
- The importance of choosing to be a productive and positive force in the world
- Emphasizing the importance of having a supportive tribe and community
Episode Resources * Connect with Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * Robinson465@hotmail.com * TheRentButler@gmail.com * Connect with Dane Larsen * https://peakprosperity.com/ * https://www.linkedin.com/in/dane-larsen-9085331b8/
Review, Subscribe and Share
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Mentors are everywhere if you know how to look. Should you? Are they worth the give-and-take relationship? Should you pay? Robby and Ben are about to hire their SECOND mentor and are here to reflect with you on the positive and negative aspects of mentorship.
Highlights
- Value and importance of mentors in business growth
- Difference between mentors and coaches
- Importance of choosing the right mentor for business and personal growth
- Benefits of having mentors in different areas of life
- Impact of following different mentors closely for personal growth
- Transitioning away from mentors and still gaining valuable insights
- Importance of choosing the right mentor for your goals
- Financial mentorship as a separate area of importance
- Benefits of "paying it forward" when investing in mentorship
- Importance of taking mentorship seriously for faster growth
- Quality of networking and group environment related to mentorship
- Importance of seeking and committing to mentorship Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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- Click here to subscribe with Apple Podcasts
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The typical investment approach by the typical investor is upside down. How can you turn it right-side up? Follow a better path to underwriting a deal by beginning at the beginning.
Highlights
- Underwriting with a new perspective from Shannon Robnett
- Importance of proper underwriting approach
- Overcoming construction issues through proper assessment
- Understanding the upside-down pyramid analogy
- Navigating city websites to understand economic goals
- Finding cohesive teams based on city budgets
- Additional steps in underwriting analysis
- The importance of having a good team
- The joy of learning and growing in the real estate industry
- Balancing academic knowledge with practical experience Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Robby and Ben attend the Real Estate Guys sales event “How to Win Funds and Influence People” and reflect on lessons learned and their application to business.
Highlights
- The experience at the How to Win Funds and Influence
- People Real Estate Guys event, a two-day sales training event centered around financial selling
- The hosts compare the event's teachings to their own previous sales experiences and emphasize the importance of listening deeply and understanding clients' motivations
- The importance of sales for businesses and the reframing of sales as providing genuine value to others are discussed
- The hosts reflect on how the new perspective on sales can improve not just their professional lives but also personal relationships
- A key takeaway from the event is that in sales, the ultimate goal is to help others solve their problems and provide solutions, rather than trying to win out over them Episode Resources
- https://realestateguysradio.com/education/how-to-win-funds-influence-people-sales-training-video-course/
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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How much research do you do? Do a little more, and follow Ben and Robby as they connect the dots between research and growth.
Highlights
- Different market indicators and identifying good deals in specific asset classes
- Crime rates and population growth as key factors affecting the real estate market
- Importance of selecting a niche market and creating a strategy for investment
- Analyzing job growth as a market indicator and the manipulation of job statistics
- Identifying market trends such as the Sunbelt and deciding whether to invest in local or out-of-state markets
- The impact of technology, AI, and semiconductors on the market and potential opportunities
- Recognizing the importance of learning from experiences and understanding the macroeconomic landscape
- The slow and steady approach to generating generational wealth in real estate investments
- The importance of becoming an expert in your chosen investment area and taking the time to research and learn
- The recommended timeline for researching and learning about a new market, with one month suggested for focused study Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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In a January 2023 edition of the Wall Street Journal, an opinion piece commented on a letter the current President received from 50 lawmakers attempting to prevent “price-gouging” in the rental real estate markets. Robby and special guest Emma Herman discuss the economics of this particularly thorny policy called “rent control”.
Highlights
- Rent control and its effects on landlords and tenants
- Rent control is a price ceiling on the amount landlords can charge for rent, which can reduce the supply of rental properties
- The reasons why people want to be landlords
- In San Francisco, a study found that rent control benefits current tenants in the short run, but can freeze the rental market in time, leading to inefficiencies and lack of supply
- Landlords may be disincentivized to improve rental properties under rent control policies
- Removal of rent control in Cambridge was found to decrease crime, but it can be difficult to remove rent control policies once they are imposed
- Landlords are often left out of the conversation around rent control policies
- It is important for those who oppose rent control to get involved and make their voices heard
- A shadow market is a black market where people find ways around the price ceiling imposed by rent control policies
- People in Stockholm have to wait years for apartments, and some end up negotiating contracts with people ahead of them on the waiting list or paying exorbitant sublease fees
- Rent control policies can have unintended consequences that actually benefit those who were not intended to benefit from the policy
- Sometimes it is better to keep the hand of government off the marketplace and let the invisible hand of the market dictate price movements Episode Resources
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
- Robinson465@hotmail.com
- TheRentButler@gmail.com
- Connect with Emma Herman
- emmafherman@outlook.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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We are sure you’ve all heard about ChatGPT by now. Kids are cheating, no one writes anything original, and the computer does it all! Listen on for three ways we’ve used ChatGPT as an artificial intelligence assistant in our business so far.
Highlights
- What ChatGPT is
- The benefits of using ChatGPT for your business
- How you can use it for your business
- Who can use ChatGPT?
- The good side and the bad side of using an AI
Episode Resources
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
Review, Subscribe, and Share If you like what you hear please leave a review by clicking here
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"If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much." - Jim Rohn.
Your hosts advocate for a strategic and systematic approach to life planning to handle the influx of information that makes the 21st century so wild and crazy. Get organized!
Highlights
- Benefits of having access to information in the digital age
- Organization and tools for the 21st-century investor or entrepreneur
- Exploring different organizational styles for maximum efficiency
- How organizing your life can help you achieve goals
- Managing stressful situations through systems Episode Resources
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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On the eve of a new year, do you study your past and your future to plan? Ben and Robby do a form of this life to anticipate their growth in 2023.
Highlights
- What went through in 2022: The goals they’ve accomplished
- The reason people are afraid to invest in real estate
- Missed goal in 2022 to make it happen in 2023
- 2023 real estate goals
- How to achieve your real estate investment goals
- Upcoming events in January Episode Resources
- Connect with Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
- Robinson465@hotmail.com
- TheRentButler@gmail.com
Review, Subscribe and Share If you like what you hear please leave a review by clicking here
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Is anyone out there? (Just kidding - our data on our listeners comes in monthly.) Ben and Robby discuss the ideal “Wealth Renegade”: A listener who is a novice in their investing journey, a lifelong learner, morally upstanding, has an essential sense of hope about the future and themselves, and more. Part 1 of 2.
Highlights
- Who are we and what are we aiming at as a partnership?
- The ideal listeners
- How can you obtain your freedom?
- Designing your avatar
- The power of intentional learning in investing and life
- Recognizing that wealth is part of the equation for your own progress
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * Robinson465@hotmail.com * TheRentButler@gmail.com
Review, Subscribe and Share
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“Investing is a team sport”, says Robert Kiyosaki. Should you find a partner for your deals and investments? Some investments are really solo investments - no partnership options. You typically don't own gold or NFTs or precious art with a partner. Look into the legal structures (General partnership, limited partnership, multi-member LLC, etc) available for other certain investments (oil and gas, real estate, companies, etc), and if your investment career is designed to go far, prepare to partner.
Highlights
- Benefits of having a partner in real estate investing
- Which is better: Working alone or having a partner?
- Challenges and drawbacks of having a business partner
- Different partnership options for investing
- Benefits of having a partner
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
Review, Subscribe and Share
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“Market turmoil” is such a generic phrase. The Wealth Renegade podcast looks through the core asset classes (stocks, bonds, commodities, real estate, precious metals) and gives their opinion (not financial advice, haha) on where an astute investor looks for opportunity. To quote Dolf de Roos, “the deal of the decade comes around once a week”.
Highlights
- The economy: Where are we and what’s next?
- What is the impact of social media on the stock market
- Future of investing: Stocks, bonds, and real estate
- The current state of the economy and the potential for investment opportunities
- Why are precious metals an exciting investment and space to be?
- How can you protect your wealth?
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
Review, Subscribe and Share
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There is a common maxim that a person dramatically overestimates what they can accomplish in one year and dramatically UNDERestimates what they can accomplish in 10 years. Ben and Robby talk about what they have observed in the areas of trajectory, the power of choice, and the choices they want to make to achieve their wealth-building goals. What is your next choice to go big?
Highlights
- Why is everything about choices?
- How you can have the “actions are determining our outcomes” mentality
- How making the big choice can adjust your trajectory for a more vertical climb
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
Review, Subscribe and Share
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Macroeconomic woes abound today in October of 2022. Ben and Robby recap a conversation with a professional investor about the two futures that the US financial system could experience: 1) the Federal Reserve continues to raise rates until something breaks, or 2) they “pivot” and return rates to normal times. This investor is considering refinancing a storage facility and pulling cash out, and Robby explains why he feels the decision is clear.
Highlights
- What are the two futures for the state of the United States economy
- The focal point of breaking inflation
- What will happen if you continue to break inflation and continue releasing easy money
- What Danielle DiMartino Booth believes will happen if the interest rates increase further and further
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
Review, Subscribe and Share
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Figure out how to manage and optimize the assets you have - and quit thinking of cash as the goal of your financial life. In this episode, Ben and Robby discuss receiving assets in unanticipated ways - inheritance, crisis, or because you were in the right place at the right time - and how this specific opportunity is often wasted and rarely capitalized upon. This is a key method to grow your financial literacy.
Highlights
- Where do assets usually come from?
- Why vehicles are considered tricky assets
- How an asset turns into a liability
- The smartest approach to move from asset to cash to a bigger asset
- How to determine which valuable assets to keep
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
Review, Subscribe and Share
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Robby and Ben continue their recap of the 2022 Investor Summit on Sand, which they attended with The Real Estate Guys and investing stars such as Kim Kiyosaki, Ken McElroy, and Danielle DiMartino Booth, George Gammon, Chris Martenson, Brian Lundin, and many more. A philosophical discussion about investing and our freedom to improve what has been entrusted to us ensues in this episode of the Wealth Renegade Podcast.
Highlights
- What excites the hosts for today’s topic
- What the driving force at play is that you need to be cautious and wary to be able to make decisions in your life and in investing
- Why we have inflation
- What GDP is
- What the connection is between inflation and GDP
- What are the factors that drive inflation
- How the experts see the situation right now
- What is the perspective shared from the conference regarding implementation, motivation, and inflation
- Leveraging every crisis: Why is it a must?
- How we can leverage crises for our own
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org
Robby and Ben introduce our listeners to the Investor Summit on Sand, which they attended with The Real Estate Guys and investing stars such as Kim Kiyosaki, Ken McElroy, Danielle DiMartino Booth, and George Gammon, Chris Martenson, Brian Lundin, and many more. The vast array of material out of an 8-day conference on all investment types will provide the bulk of the next episodes of the Wealth Renegade podcast!
Highlights
- Why are Ben and Robby attending the conference for eight days?
- What are they learning from the younger generation?
- Why is it worth it to spend thousands of dollars to attend such an event?
Episode Resources * https://investorsummitonsand.com/ * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org
In this part 2 interview with Caleb Davis, part-owner of Three Doors Real Estate brokerage, we look through data to see where the future is going in real estate, financial markets, and the workforce that makes up every real estate deal.
Highlights
- The core values of Three Doors
- What the differences are between the real estate industry back in 2008 and now
- How Three Doors would need to adjust due to the inflationary aspects
- What changes in the real estate market is Caleb expecting in 2040?
- How he structures his business and prepares for the changes to come
- What differentiates Caleb from other real estate agents which caused him to just take off?
- Why some real estate companies will fail
- What the best exit strategy is
- How home ownership works
- Why do people prefer living in communities with home ownership
- What makes Three Doors different when treating their employees
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * Connect with Caleb Davis * http://threedoors.com/ * cdavis@threedoors.com
Entrepreneur and 29-year-old phenom Caleb Davis joins the Wealth Renegade podcast to share his journey from construction worker flipping houses in small-town Granite City, to seller-financing his first 8-unit apartment, to being part-owner of Three Doors real estate brokerage. This is the first of two crazy episodes with Caleb.
Highlights
- What Caleb is up to now
- What his beliefs are in terms of affiliate marketing and the wholesaling aspect of a business
- How’s his real estate investments doing
- How important a social media following is when it comes to the real estate field
- What a program mortgage company is
- How hiring a CEO helped him and his business
- Why people are living their jobs
- Does money make you happy?
- How Caleb got started with real estate
- What are the differences in the real estate market before and now
- What’s one of the pivotal things that rocketed Caleb to where he is now
- What his take is on tracking cash flow as the primary motivator in the growth of your financial health
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * Connect with Caleb Davis * https://threedoors.com/ * cdavis@threedoors.com
"Is mold really gold?" Ben and Robby debate the wisdom and variables included in buying problem properties... because two doors down, a mold-infested home has arisen as a buying opportunity.
Highlights
- What is concerning when buying a property from a scared seller
- Which is better when buying the property: Flipping it or selling it as is?
- The strategy of being influenced the most by labeling what factors we can control
- How skip tracing works and how it can help the business
- Experience helps you cut through the noise
- The interesting thing to consider when it comes to buying and selling properties
Episode Resources * Connect with Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org
Kyle Fuller: wealth strategist, business owner, and staunch proponent of life insurance, financial literacy, and real estate investment. Kyle found his calling in life early - using "Infinite Banking" (life insurance-friendly wealth strategies) to create maximum potential and velocity with money. We cover all these subjects at light speed on this episode of the Wealth Renegade Podcast.
Highlights
- How everything started
- What drove Kyle to start his business and how he got to where he is
- What the growth he has seen in three years
- Views on the asset classes out there
- The different teachings of Factum Financial that are different from others
- The winning formula
- What the relationship between the investor and the entrepreneur should be when buying real estate
- Where to find Kyle Fuller and Factum Financial
Episode Resources * ABCs of Buying Rental Properties * Rich Dad Poor Dad * Connect with Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * Connect with Kyle Fuller * https://factumfinancial.com/team/ * https://www.linkedin.com/in/kyle-fuller-9516311a9
"Timing the market" is nearly impossible... What do you do when you think you're about to overpay? Ben and Robby debate the validity of buying at a premium and study an example of professional investors that do this (sometimes). NOTE: Blackstone bought "Preferred Apartments" not "Premier Apartments". Check it out.
Highlights
- The overpaying opportunity. - 0:49
- Take charge of your own deal-making. - 2:28
- Ken Mcelroy’s approach. - 4:58
- One of the reasons why underwriters know what they’re doing with the numbers.- 8:01
- Never overpay for anything. - 9:44
- Blackstone’s role during the recession. - 12:17
- If I overpay, I give them too good of a deal. If I can get the price I want, I scout them. - 13:42
- What people are paying for. - 14:56
- The trick to being an investor. - 16:33
Episode Resources * Connect with Robby Butler and Ben Robinson * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * rdbutler3@gmail.com
Mistakes are good teachers. Frozen pipes explode in the walls in an apartment complex and Robby and Ben learn about the pains of marginal thinking.
Highlights
- A story of the man who bought his first huge apartment. - 0:26
- Turning into the wall. - 4:21
- The total time spent to find what the issue was. - 6:57
- The lesson. - 9:38
Episode Resources * Connect with Robby Butler and Ben Robinson * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * rdbutler3@gmail.com
Join Robby Butler and Ben Robinson as they discuss Ben’s experience in real estate. Ben details the experience of his first investment property: A flip in St. Louis with extensive problems, purchased during the highs of the 2020 real estate market.
Highlights
- What are we going to talk about today? - 0:18
- Ben’s first hand experience with real estate: Finding his place. - 0:31
- The timeline of when the trajectory of the project went. - 4:44
- Other than the expected timeline stretching out, what are the other things that stretched out? - 6:52
- Is it a characteristic of early stage investors that they have to have teams or relationships established? - 8:18
- The return on investment: Monetary and personal growth. - 9:21
Episode Resources * Connect with Robby Butler and Ben Robinson * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * rdbutler3@gmail.com
Join Robby Butler and new co-host and real estate investor Ben Robinson as they discuss the chief wealth creation vehicle of the middle class: the single-family home. Listen to the journey of Robby and Ben’s first single-family home purchases and what strategies they employed to purchase.
Highlights
- New season, new co-host. - 0:17
- What’s one of the biggest, if not the only, investment that most people in the middle class tend to harness for their lifetime? - 1:04
- The institutional investors are always worth watching because they see trends in a much bigger way and they’re crawling into the space. - 1:47
- What made Ben buy his first home? - 2:39
- Insights and what he’s hoping for his new home. - 5:13
- Tips on home ownership and the first steps someone should make. - 8:52
Episode Resources * Connect with Robby Butler and Ben Robinson * www.wealthrenegadepodcast.com * www.prosperityeconomics.org
From a stellar conference experience in March 2021, Robby articulates several key takeaways that apply universally to the businessperson, investor, and student of money. The Real Estate Guys' "Secrets of Successful Syndication" conference has lessons for everyone.
Highlights
- Anything can be syndicated - 2:46
- Scaling businesses and growing exponentially - 4:08
- Robby’s personal story - 6:40
- Investing in yourself and learning - 9:31
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * Mentioned in the show: * Ansoff Matrix * OPM: Other People's Money: https://realestateguysradio.com/events/how-to-raise-money-for-real-estate-investing/ * rdbutler3@gmail.com
Wisdom lets us discern between what we should choose and what we should leave behind. Dig deeper with us into opportunity filters as the way to apply your wisdom to your context as a financially literate person.
Highlights
- Having mentors - 1:57
- The idea of mentorship - 2:40
- You have to begin to learn - 5:32
- The best mentors can have different skillsets - 7:36
- Find your space - 12:13
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * http://www.kolbe.com * https://hbr.org/2010/07/how-will-you-measure-your-life * rdbutler3@gmail.com
Analyzing the wisdom, learning, and strategies needed to invest according to your fundamental purpose as an investor. Opportunities are everywhere - so why shouldn't you buy that office building or throw your weight behind that startup? Or... should you? Your opportunity filter will tell you…
Highlights
- Why the podcast’s name is Wealth Renegade - 1:06
- Everything they recommend is different - 4:02
- Finding investments that work for you - 4:20
- We have to be responsible with our choices - 4:55
- What you want to be successful at - 6:14
- Thinking about your thinking - 7:31
- Wanting to be life-long learners - 12:40
- The word investment is interesting - 14:11
- Using your time wisely to learn - 18:40
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * Pew Research Center: https://www.pewresearch.org/ * Wealth Management Real Estate: https://www.wealthmanagement.com/real-estate * Google Alerts: https://www.google.com/alerts * rdbutler3@gmail.com
Kim and Robby discuss how to have a disagreement regarding financial advice that is prosperous and valuable. (Hint: it's a little longer of a road to change someone else's mind than we think it is!).
Highlights
- Many opinions about financial advising - 0:57
- Changing minds - 2:01
- A get out of debt mantra - 2:47
- Having efficient savings habits - 4:30
- What entertainers are focused on - 5:54
- How you change somebody’s mind - 6:56
- There are complexities that need to be respected - 9:55
- Asking open-ended questions - 14:07
- The importance of seeking to understand others - 14:56
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
The hosts of the Wealth Renegade Podcast talk about "Other People's Money" and how to get it into your transactions, business ideas, and investment philosophy.
Highlights
- What’s OPM - 0:43
- The time value of money - 3:02
- Using other people’s money - 3:49
- Opportunity cost - 6:15
- The cost of cash - 8:39
- The idea of other people’s money - 15:17
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
- Guy Raz “How I Built This” https://www.guyraz.com/howibuiltthisbook
- Book for reference Busting the Interest Rate Lies
https://smile.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I/ref=sr_1_1?crid=1RW7F3ZCHEW7U&dchild=1&keywords=busting+the+interest+rate+lies&qid=1615000396&sprefix=busting+the+interest+rate+lies%2Caps%2C168&sr=8-1
Robby and Kim discuss fortitude, grit, hardiness, conviction, and its relationship to your financial wellbeing and prosperity.
Highlights
- Believing in yourself - 1:38
- Grit applied to business and finances - 1:51
- Our financial lives need tenacity - 2:38
- Loving the term - 3:47
- Spend time planning long-term goals - 6:52
- Reduce your lifestyle expenses - 9:36
- What Kim loves about entrepreneurial business - 11:17
- Applying grit to the things that you like to do - 12:51
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
- True Grit movie https://www.imdb.com/title/tt1403865/
- Carol Dweck book: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322
- rdbutler3@gmail.com
Kim and Robby dive into wills and trusts and how to protect your assets! Do you want to know what will happen to somebody that dies without a will? Check it out in this episode.
Highlights
- Dying without a will - 0:59
- What could happen to you - 3:39
- The living will - 6:31
- Accumulating assets - 9:47
- What’s a living trust - 10:54
- A revocable living trust - 12:05
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Kim and Robby dive into personal finance in the entertainment industry. They discuss gaming, using a financial strategy well, and why money is a magnifier.
Highlights
- Money affects everything that is important - 0:56
- Using a financial strategy well - 2:23
- Gaming is a great way to learn - 4:28
- People’s financial decisions - 8:11
- Money is a magnifier - 11:46
- The games that wealthy people play - 12:23
- There’s nothing wrong with entertainment - 13:37
- Being interested in learning - 15:00
Episode Resources
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Having a financial discussion that happens everyday… cash value and life insurance. Robby and Kim share their insights about whole life insurance policies.
Highlights
- Learning about life insurance - 2:02
- Lack of information and understanding about what this product can do for your life - 2:54
- Kim’s story from when she was in a bank - 4:58
- A financial strategy - 6:08
- Having a true strategy - 6:56
- Three types of life insurance - 8:10
- The acronym CLUE - 9:55
- Control and Life insurance - 10:17
- Whole Life Insurance - 13:54
- Universal Life is different than Whole Life Insurance - 17:38
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Regular calculators vs. financial calculators. What kind of calculator do you have? What is the most common calculator that most people use?
Highlights
- The word “calculator” - 1:06
- Personal finance math is not the same that we learned in school - 1:33
- Using financial calculators - 4:49
- The rate calculator - 6:32
- What’s the present value? - 8:31
- Present value as a weird concept - 10:06
- Present value and future value - 11:34
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Defining a goal… where your life is going and what financial advice do you select to achieve that goal? Kim and Robby talk about financial goals and how to achieve them.
Highlights
- Realistic goals - 1:09
- Specific, measure, actionable… that’s a goal - 1:30
- How to set up goals - 3:02
- Stages of the Prosperity Ladder - 4:56
- Having ownership, what you have control of - 5:40
- Thinking about your thinking - 9:35
- Doing deep and serious thinking - 10:40
- An opportunity to start strategic coach - 12:35
- Having no purpose in mind - 14:13
- The orientation of your life - 15:44
Episode Resources - https://www.dropbox.com/s/23m2f02em7r91ou/Prosperity%20Ladder.pdf?dl=0
- Ray Dalio video link: https://www.youtube.com/watch?v=B9XGUpQZY38
- Prof. Clayton Christensen article: https://hbr.org/2010/07/how-will-you-measure-your-life?utm_medium=email&utm_source=newsletter_weekly&utm_campaign=insider_not_activesubs_balance&referral=03551&deliveryName=DM65693
- Ben Hardy article “You make or break your life between 5 and 7 am”: https://www.linkedin.com/pulse/you-make-break-your-life-between-57-am-benjamin-hardy
- Connect with Kim Butler and Robby Butler
www.wealthrenegadepodcast.com - www.prosperityeconomics.org
- hello@pem.email
The myth of retirement… Do you think that you should retire at 65? Listen in as Kim and Robby talk about retirement and better options!
Highlights
- Retirement is so “weird” - 1:26
- Schools of thought - 2:29
- Having more opportunities at your 60s - 3:31
- The “societal thought” - 4:19
- Life expectancy is growing - 4:56
- Wanting to pursue work opportunities - 6:31
- Some myths of retirement - 7:23
- Find work that you love - 8:32
- An act of service - 9:35
- Enjoying your job - 14:25
- What would happen if you want to suddenly retire - 15:48
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email * https://truthconcepts.com/retirement-87-is-new-65/
Buying your first home is a wild experience; you learn so much in a short amount of time. Financial transactions, responsibility, the negotiation process, different home systems, and the financial opportunities of being a first-time homebuyer will be some of the topics addressed in this episode!
Highlights
- Robby’s friends and their first time home buying process - 1:41
- Homeshopping Zillow funny video - 2:44
- Getting “pre-approved” - 3:34
- What does “pre-approval” mean? - 5:24
- The minimum time payment is the best - 7:03
- Private mortgage insurance - 8:32
- “Busting the Interest Rate Lies” book - 15:00
- First time home buyers need to be aware of these financial things - 16:09
- A friend that recently bought a home - 19:52
Episode Resources * Homeshopping on Zillow funny video link: Pretend You Can Afford a Home with Zillow * Busting the Interest Rate Lies book (audibles link): https://smile.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/B01IRGYVRQ/ref=tmm_aud_swatch_0?_encoding=UTF8&qid=1609552946&sr=8-1 * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org * hello@pem.email
What do you do if your opinion differs on what your parents think? Robby and Kim talk about what you can do when you do not think the same as your parents.
Highlights
- Being in “learning mode” - 1:21
- Not knowing much about personal finance - 1:55
- The learning curve - 2:34
- Do not take it "personally" - 3:32
- Not fighting over the idea - 4:12
- The cost of many fights in family - 4:45
- An ownership obsession - 5:10
- Having conversations about money - 7:43
- The Perpetual Wealth Book - 13:09
- Explaining yourself in a humble way - 15:08
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
What are the different types of financial advisors? Kim and Robby talk about what they are and how they can help you.
Highlights
- Deciding to do the right thing for your client - 2:08
- A certified financial planner - 3:26
- How wealth is made - 4:22
- Accumulating the wealth or building the wealth - 4:58
- Advisors that help people - 5:55
- Seeking out financial advisors - 6:54
- The time value of money is a fundamental concept - 7:36
- Questions that you should ask a financial advisor - 9:36
- A variety of series - 13:00
- The life insurance license - 15:54
- Become conscious of the space - 21:13
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Kim and Robby Butler discuss the different types of debt. Kim explains the difference between good debt and bad debt and how it affects your finances.
Highlights
- Credit card debt, home debt, and car debt - 0:50
- Good debt and bad debt - 1:24
- Secure debt and unsecured debt - 2:30
- When good credit comes in - 4:56
- What unsecured debt does for you - 6:46
- Struggling with debt - 12:44
- What it means to be “in debt” - 14:07
- The time value money concept - 16:42
- Finance everything you buy - 17:23
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Financing furniture and cars… Kim and Robby talk about these two first purchases that you make in life.
Highlights
- Not everybody has car loans - 1:09
- The book: Economics in One Lesson - 2:20
- Mistakes on car financing - 3:55
- Paying cash for the car - 8:53
- Driving by the furniture stores - 9:22
- The mindset is SO important - 15:39
Episode Resources
- https://smile.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232/ref=sr_1_2?crid=2Z1X4SNLDXYEA&dchild=1&keywords=henry+hazlitt&qid=1607700436&sprefix=henry+haz%2Caps%2C184&sr=8-2
- https://smile.amazon.com/Didnt-They-Teach-This-School/dp/1481027565/ref=sr_1_1?dchild=1&keywords=cary+siegel&qid=1607702234&sr=8-1
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
What does credit mean for your financial life? Kim and Robby dive into credit, credit cards, and their first memories of credit.
Highlights
- The concept of credit - 1:09
- Debit cards and credit cards - 3:53
- What you can do with a credit card - 4:11
- Interest payments and rates - 5:53
- Not having credit availability - 7:35
- Companies that provide credit scores - 8:13
- Your cell phone bill can impact your credit - 12:30
- If you’re late on your payments, that can affect your credit - 13:00
- Getting a free credit report - 16:14
- Things that cause credit scores to go down - 18:02
- Searching for a home loan - 20:46
- Making significant financial decisions - 23:16
Episode Resources
- www.nationalcreditcare.com
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Do you have a what-to-do list for your daily tasks? Well, probably you should have a “what not to do list” Kim and Robby explain why!
Highlights
- Figuring out what not to do - 1:08
- Investing in art - 1:43
- Invest in what you know - 2:59
- Helping people with alternative investments - 5:31
- Willing to know as much as possible - 7:59
- Do whatever it takes to learn - 9:35
- Robby’s not to do list - 11:09
- Not paying too much attention to the news - 12:00
- Not watching TV - 16:23
Episode Resources - Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Kim and Robby dive into principles 9 to 12 which are principles of prosperity. They share their experiences with these principles and encourage you to use them in your day-to-day life. Having principles around your money will help you in your financial life.
Highlights
- Actuarial Science - 1:33
- Why Actuarial Science and life expectancy are important - 1:48
- The multiplying principle - 3:50
- What’s multiplying the effects of your dollars - 5:12
- The leverage principle - 5:56
- The principle of uncertainty - 7:25
- A life without uncertainty would be so boring - 8:01
Episode Resources - Busting the Real Estate Investing Lies book link: https://smile.amazon.com/Busting-Real-Estate-Investing-Lies-ebook/dp/B07RJ1ZY44/ref=sr_1_3?crid=ZJF7SXGJZBVA&dchild=1&keywords=busting+the+real+estate+investing+lies&qid=1611073469&sprefix=busting+the+real+e%2Caps%2C170&sr=8-3
- Connect with Kim Butler and Robby Butler
- www.wealthrenegadepodcast.com
- www.prosperityeconomics.org
- hello@pem.email
Kim and Robby continue their discussion of the principles of the Prosperity Economics Movement, and the importance of having principles, and today they explain principles 5 to 8.
Highlights
- The fifth principle: control - 0:55
- A good thing to pay attention to - 2:42
- The sixth principle: liquidity - 3:08
- Having an opportunity fund - 4:02
- Why liquidity is so important - 5:50
- The economic rates principle - 6:03
- Averages and rates of return - 7:45
- The certainty principle - 9:36
- What’s having certainty in your financial life? - 10:06
Episode Resources
* https://prosperityeconomics.org/money-myth-6-average-ror-reflects-actual-ror/
* https://www.investopedia.com/
* https://fee.org/
* Mary Kimball Morgan quote:
“I find that progress is essential mentally before there can be any externalization of real progress. If I excavate and lay the foundation for a bungalow, I cannot use that foundation for a skyscraper. I must think of a “skyscraper” and adjust my thoughts to its size and demands.” - “Education at The Principia” by Mary Kimball Morgan, p. 92
* Connect with Kim Butler and Robby Butler
* www.wealthrenegadepodcast.com
* www.prosperityeconomics.org
* hello@pem.email
There’s more out there for you as an investor! Find your own success and prosperity by understanding the idea of having principles.
Highlights
- The idea of having principles - 1:27
- The principle of “think” - 2:01
- Your personal finances should be thinkable - 2:28
- Thinking with a prosperous mindset - 3:15
- The process of buying his first home - 4:45
- Understanding the term “opportunity cost” - 6:23
- What cash flow is - 9:34
- What’s cash flow out - 10:20
- Seeking investments that provide cash flow in - 10:56
- The 4 principles - 13:00
- Principles are practicable - 15:09
Episode Resources * Connect with Kim Butler and Robby Butler * www.wealthrenegadepodcast.com * www.prosperityeconomics.org