Money School Podcast

From the day we take our first breaths in this world, we're to work hard, do what we're told, conform and give up control. We're conditioned to buy into a broken mentality and accept a set of rules that will never, ever make us wealthy or free. The banks, the government, the financial advisors - it's all designed with one intention, to make us give up control of our money. How do we break away from this system for good? How can we unlock a world of financial freedom by changing one thing? In this episode, I'm going to share the biggest financial lies we need to wake up to and how to part ways with them. Three Things You'll Learn In This Episode Why time is the most valuable resource there isWhy put a monetary value on something that's priceless, that you're never going to get back and something we can't make any more of? What the wealthy do differentlyInstead of working for our money, how do we get our money to work for us so we take advantage of a tool that never wears out, never stops or needs any rest? How to take control back from traditional banksAre banks working for you, or using your hard-earned money to make themselves bigger and richer?

In the world of wealth-building, having the money to invest is a big part of the equation but not the entire formula. Once we have the capital to deploy, where we put it and who we partner with is equally important and quite truthfully, what will make or break us. If we don't make accurate decisions and pick the right investing vehicle, our money will flee from us. How do we determine how to deploy our capital? Besides syndication, what other low risk and efficient investing methods can we take advantage of? In today's episode, I'm joined by an entrepreneur with a lot of wisdom and expertise around protecting your money. Founder and managing partner of KRI Partners, Ken Gee shares how to navigate the private money space so you get the upside, not the catastrophe many investors are headed for. Things You'll Learn In This Episode The formal considerations we have to make in our investing journeyWhat are the non-negotiable rules of money we have to play by if we don't want our money to flee (or have the SEC knocking on our doors)? How blind pool funds work and how to find one Why are blind pool funds gaining popularity, and what advantages do they offer to investors who want a safe way to deploy their capital? What many new investors get wrong about private moneyThere are many ways to deploy capital but how do we make sure the one we choose aligns with our needs and goals? The formula for protecting your rental portfolioHow is the KRI Partners team getting their rental portfolio prepared for an inevitable shift in the market? Guest Bio- Kenneth is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction, and principal investing experience. Throughout his career, he has been involved in transactions valued at more than $2.0 billion, much of which has included the acquisition, management, and financing of various multi-family real estate projects. Before forming KRI Partners, Kenneth was a tax manager with Deloitte & Touche LLP. Some of his major clients included The Riverside Company, Key Equity Capital Partners, Blue Point Capital, Linsalata Capital Partners, The Zaremba Group, Charter One Bank, and Applied Industrial Technologies, Inc. Before his career at Deloitte & Touche, he spent several years at National City Bank (now part of PNC Bank). He also owned and operated several certified Cessna Pilot Centers in the Northeast Ohio area. Kenneth is a licensed Ohio Certified Public Accountant, a member of multiple apartment associations, and Ohio Society of Certified Public Accountants and American Institute of Certified Public Accountants. For more information about joining the next KRI Partners' fund, head over to https://www.kripartners.com/ebook. To vet real estate sponsors, go to https://verivest.com.

Everyone gets into real estate for financial freedom - and while it can absolutely provide that, many of us get lost along the way, and remanifest the job trap we were trying to escape in the first place. What are some of the unproductive mindsets that put us in this position? How do we turn our investing from a trap to a true vehicle of freedom? In today's episode, RealEstateInvestor.com CEO and author of the upcoming book, The Freedom Code, Gary Boomershine talks about getting out of the entrepreneurial trap, and building an investing business that actually sets you free. Three Things You'll Learn In This Episode The investing models that are just glorified transactional hamster wheelsThe goal of real estate investing is earning passive, mailbox money - what models do investors waste a lot of their time and money on? How well-meaning freedom-seekers find themselves trapped by real estateAre you a real estate investor, a real estate business owner or someone with a job? How to think like a banker and build a business that doesn't burn you outBefore we start investing, what do we need to ask ourselves so we don't end up trapped by a business we hate? Guest Bio- Gary Boomershine is the CEO of RealEstateInvestor.com, and author of the upcoming book, The Freedom Code. RealEstateInvestor.com is a vertical solution provider in the Real Estate Niche, servicing real estate investors, agents and private lenders. Their flagship service, REIvault.com, provides managed marketing, shared systems and proven results. They have a proven direct response marketing formula offering both direct mail and online PPC/SEO services to our members. To get exclusive access to the free Business Growth Toolkit, head to https://realestateinvestor.com/growth.

In this crazy, highly-debated and often confusing real estate market, it can be hard to know what to do to be in a great spot once the smoke clears. Do we flip homes, acquire commercial properties, or do we look to a niche that's recently faced some challenges? My guest has been faced with this decision a couple of times - starting in 2008, when he entered a melting real estate market as a former teacher. Today, he manages over $100 million in real estate, and he has found strategies to raise money, buy low and reduce risk in this market. How did he raise money when he first got into real estate? What long-term asset class should we be looking into right now before the market turns? In this episode, I'm joined by the CEO of Venture D Properties and the host of Pillars of Wealth Creation, Todd Dexheimer. We talk about getting his start in real estate, leaving teaching, and why he's buying up assisted living properties. Three Things You'll Learn In This Episode The beginnings of a $100 million portfolioHow did a teacher earning $32k/year raise the money to invest? Why Todd is super cautious when it comes to flipsHow do we create multiple exit strategies in a flip, and should we be flipping at all right now? How to approach syndication deals with integrity and responsibilityWhy does Todd believe that syndication deals and working with private money make him a better investor? Guest Bio Todd Dexheimer is the CEO of Venture D Properties, LLC and host of Pillars of Wealth Creation. He started investing in Real Estate in 2008 in mainly single-family homes & small multi-family. Since 2008 he has purchased and renovated over 1,500 units. Todd has completed over 150 flips, while using those profits to build his rental portfolio. Todd has bought and sold over $100 million of investment real estate and currently owns $85 million of multi-family, Senior Assisted Living and commercial properties in 5 states(Minnesota, Wisconsin, Kentucky, Ohio, Tennessee). His current focus is on syndicating value-add Senior living and multi-family communities. For more information, visit http://www.venturedproperties.com. Listen to the podcast Pillars of Wealth Creation wherever you get your podcasts.

The journey to your dream isn't a straight line - in fact, it's anything but. Success comes with a long list of failures, stumbles, crashes, and critical points of transition. This was also the reality of my journey. I had to get comfortable with pivots in order to get to my purpose. I found that you're either one step away from a failure or an inch closer to a breakthrough, and you only find out by pushing your limits. In today's episode, I share how I got comfortable with failure, and how I used it to find my purpose. Three Things You'll Learn In This Episode What my snowboarding career taught me about transitionsHow did I transition from the things someone else wanted me to be good at, to what I wanted to be good at? The crushing career blow that actually worked out in the endSometimes transitions are forced on us, and we have to shift unwillingly. Can these moments set us up for something bigger and better? Why we need to test our limits in order to reach our goalsEvery athlete will tell you that pushing your limits will take you to the podium, but it's also one step away from failure. Why do we need to start embracing this?

The greatest thing fighting against our progress and success isn't our fears or our habits - it's what we think we know that just isn't so. One of the most toxic and devastating things that can happen to any of us is arrival syndrome, a sneaky ailment that will rot us from the inside out if left unchecked. As soon as we believe that we know everything there is to know about something, as soon as we shut out new ideas and concepts, we're in grave danger. What exactly is arrival syndrome, and how do we cut it out before it destroys us? In today's episode, I talk about the most dangerous mindset any human being can have, and why it kills more dreams than anything else. Three Things You'll Learn In This Episode My personal experience with arrival syndrome (and how I overcame it)How did arrival syndrome almost cost me one of the biggest financial opportunities of my life? Why your advisor will never tell you about Becoming Your Own BankThere's a reason why you'll never hear about specially-designed whole life policies from your advisor, and it's 100% greed. What's their true motivation for keeping it from you? The biggest victims of arrival syndromeWho is most prone to arrival syndrome, and why are they headed for catastrophe if they don't change?

From childhood, most of us are taught that the traditional rat race is all there is to life, and that the only way to earn money is to trade hours for dollars. My guest broke away from this mindset at age 16, and today at 25, he's financially free - generating income outside of the rat race. How did a young man break out of a scarcity mindset and change his financial trajectory in his early twenties? What real estate and financial strategies did he employ to get his first property deals going? In this episode, entrepreneur, investor, and land developer, Dan Haberkost shares how he was able to achieve freedom at such a young age, how he got started and what he's working on today. Three Things You'll Learn In This Episode A work and keep vs. a work and spend mentalityWhat's the one financial move that will speed up your path to freedom? Why house hacking is the perfect way to get into investingHow do house hacks work, and how did Dan Haberkost purchase his first one? How to play in a bubbled real estate marketIs it wise to invest in this speculative, overhyped market? Guest Bio- Dan Haberkost is an entrepreneur, investor, and land developer. Because of the financial impact of real estate investing, Dan left traditional employment at 23 and he now has the freedom to work on what he wants without being tied to any sort of job. Within the real estate world, Dan is currently working on a mixture of new development, land investing, wholesaling and he's always on the lookout for property that makes sense as a long term buy & hold. To find out more about the projects Dan works on, visit https://danhaberkost.com and follow him on Instagram.

Land investing is one of the most lucrative and headache-free ways to work towards financial freedom, and one factor makes it an amazing niche. You don't have to develop land to make money from it. You can build wealth without construction, zoning or tenants. My guest today started investing in land and achieved financial freedom in 8 months, and in this episode he's going to share how he did it. How was Brent Bowers able to transition out of military life and into entrepreneurship? Can you invest in land for a few hundred dollars? In this episode, you'll learn how to turn land into a solid stream of income from CEO of ZechBuysHouses LLC, Brent Bowers. Three Things You'll Learn In This Episode Why investing in a property right now is really dangerous Buying a home at the top of a very speculative market is risky. How long did it take Brent Bowers to recoup his money from a 2007 investment? How to transition out of the military and into investingWhat's an army officer's advice to fellow military personnel who want to start their own businesses? The first step to investing in landCan we easily find land deals without driving too far out of town? Guest Bio- Brent Bowers is currently the CEO of ZechBuysHouses LLC. Vacant Land of the Free, Discounted Houses Colorado Springs, Rent2Own Colorado and Co-Working & Shared Space are all under the ZechBuysHouses Brand. As an Army Officer with over 8 years of service, Brent was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. His interest in real estate began in 2007 when he purchased his first home, so Brent began exploring real estate investing as a way to support his family while being able to enjoy more time with them as well. In a short amount of time, Brent was able to expand his business, hire a team, and (most importantly) spend quality time with his family while still working hard and helping others. While Brent invests in many different types of real estate, his favorite investment strategy deals with buying and selling vacant land, and he enjoys sharing his expertise in this area with his coaching clients. Brent chooses to live his life based on Bob Burg's quote, "Your influence is determined by how abundantly you place other people's interests first." He is passionate about helping other people find success in real estate investing, particularly in land investments. For more information visit http://thelandsharks.com and subscribe to Brent's YouTube channel.

When you are a dreamer, you can always visualize what you want, but manifesting that dream is another thing entirely. You will face a ton of resistance, and you will be told many lies about your capabilities. How do you stop believing these lies and truly start believing in yourself? My dream to become a pro snowboarder began in a garage, and I went through a lot to achieve my dream - including people telling me I couldn't do it, as well as fear and failures. Once I articulated my dream, how did I deal with the challenges I faced? In today's episode, I'm going to tell you about my journey and everything I did to make my snowboarding career happen. Things You'll Learn In This Episode What to say to the naysayers who want to crush your dreamHow do we deal with people who try to cast doubt on our dreams or even discourage us? The sacrifices we have to make for our dreamsAre you willing to do what other people aren't to make your dream life a reality? The power of your networkIt's easier to achieve our dreams when we're around the right people, but how do we find them? How to take action when you're afraidFear is one of the biggest hurdles to the accomplishment of your dreams, but it doesn't have to define us. Is it possible to completely eliminate it?

15 years ago, while people were spending recklessly in a seemingly good market, Nancy Wallace-Laabs saw signs that a storm was coming, and pivoted into investing. Today, the red flags she saw back then are very much present and hard to ignore, and while everyone wears their rose-colored glasses, she's pivoting accordingly. If you're paying attention, you can see that the market is heated, speculative and bubbled, and that it won't last forever. What do you need to be doing right now to prepare? What can we glean from Zillow's recent property woes? In this episode, I'm joined by investor, author and speaker, Nancy Wallace-Laabs. We talk about how smart people respond when the economy is clearly too good to be true. Three Things You'll Learn In This Episode Why this market is unsustainable and headed for a huge crashIs this market really all that different from pre-2008? How to get the right money, for the right deal at the right timeWhy do we need to consider lending in our investing considerations? What you should be doing with your money right nowInstead of using your home equity to buy cars, boats and home upgrades, what should you be doing instead? Guest Bio- Nancy Wallace-Laabs is a 15-year Real Estate Investor, Public Speaker, best-selling author of "Winning Deals In Heels" and "Let Me Ask You This" and creator of The Profitable Landlord System. She has more than 15 years of real estate investing experience, and owns several rental properties. Nancy and her husband founded the Profitable Landlord System – their goal: to help other real estate investors that want to create wealth, experience financial freedom and leave an impact for their community by providing a predictable, repeatable and simple step by step method for becoming a profitable landlord. For more information, visit https://www.knbhomes.com. Buy her books on Amazon, subscribe to Nancy's YouTube channel and follow her on Instagram. You can also email Nancy directly nancy@kbnhomes.com.