Money School Podcast

The most important thing when it comes to money is control, but we're taught to give it up, and the financial system is designed to take that control away from us. What are some of the ways the government and banking system has taken power away from us? What is the hidden tax that steals our wealth while we sleep? How can we get full control of all our money and create wealth the way the banks do? In this episode, I share on the history of money as we know it today, why the financial system wasn't designed for ordinary people to have freedom, and how we take our freedom back. Things We Learned When the government prints more money, the value of our money diminishes, and we end up paying a hidden tax. The money we deposit is an asset to us but a liability to the bank, so they loan it out at a higher interest rate. They make 400% to 1300% on the money they get from our deposits. The money we put in the bank is not guaranteed. The FDIC only has 70c for every $1000. When we invest in retirement accounts we're giving up strong dollars now for weaker dollars later.

Growth in the Real Estate market requires effectively delegating tasks and putting them in the hands of people we trust. How do we leverage our personnel to help tackle our internal workloads? What are the biggest obstacles we need to overcome in order to run and scale a successful business? In this episode, broker, contractor, and entrepreneur, Jared Holland shares how he successfully manages operations with high volumes. Three Things We Learned Get creative about financing your early deals Doing a flip with the owner of the house is one of the best ways to get started as an investor. Sharing costs will be mutually beneficial to all parties involved and increasing the homes selling price leads to a healthier profit split. Growth leans on the people we work with Some entrepreneurs only aim to get their business to a relatively comfortable place, while others prefer to keep growing and pushing boundaries. In order to keep growing, we need to focus on building a strong team that supports our long term goals. If we train our key people accordingly, we can trust them with the big decisions Train key employees how to do simple bookkeeping. We may be hesitant to put these tasks in someone else's hands but we have to do it to scale. The volume of any business can sink even the most numbers-based person. Guest Bio- Jared Holland is a real estate flipper, broker, contractor, and entrepreneur. A licensed real estate broker who entered the real estate industry in construction management, Jared transitioned into operating his own painting company, and finally launched his own development firm - JH1 Development. Jared focuses primarily on renovating distressed properties and ground up development in South Seattle and West Seattle. His expertise in these areas gives him invaluable skills serving both buyers and sellers in these markets. For more information, visit http://www.jh1homes.com/ or follow him on Instagram @jaredflipsseattle.

The true test for any entrepreneur is how we handle challenges, setbacks and the inevitable downturns. It's not just about survival, it's about being able to look for opportunities for personal growth. How do we foster a mindset of pushing forward, instead of accepting defeat? Why should we stop seeing market downturns as times of decline and failure? In this episode, I'm joined by the highly successful "Godfather of Wholesaling" Jamil Damji, who shares on rebuilding after a recession, and not letting the bad circumstances of the market derail us. Three Things We Learned Bad markets don't always mean that our businesses are doomed We need to shift our mindset and start understanding that money can be made even in the worse market conditions. We need to look around us, and see where the energy is going, what people are moving towards and go in that same direction. There will still be opportunities in this next recession In the last 5 recessions, only 2 of them negatively impacted real estate. The next market correction will bring us a lot of opportunities. A lot of money is going to be parked in real estate for capital preservation and protection during the next recession. Investors are overpaying for homes now, and that's because they know there'll be cashflow down the line. Make inner work a top priority Our outer world is a reflection of what's inside us, so if we want to succeed, we need to work on nurturing and fostering the right state of mind and emotion. If we pay attention to our mental and emotional state, we'll always have a high-performance mindset, under any circumstance or market condition. Guest Bio- Jamil Damji is a former comedian turned successful real estate investor, known as "The Godfather of Wholesaling". He is the president and co-founder of Keeglee, an investing operation with 40+ employees. To get in touch with Jamil, follow @jdamji on Instagram and send him a DM. You can also follow his company @KeyGlee on Instagram.

The path to wealth is a marathon, not a sprint, so we have to be willing to take slower, more measured steps towards the lives of our dreams. Is there ever a 'right' time to start pursuing our dreams, or should we be making strides towards them every day? What happens if we run into failure - and is it ever an option to play it safe? In this episode, I discuss why it's so important to view the path to success as a marathon. Three Things We Learned Abandon the idea of there being a 'right' time to start pursuing our dreams. Time will never be on our side - we have to start taking action immediately. Welcome failure. As Einstein said, those who have never failed are those who have never tried new things. Be open to failing and start seeing missteps as lessons, rather than defeat. Be prepared to blaze a new path. We can't expect to become leaders if we follow the herd - we have to be willing to break the norms and seek out new solutions.

Many people are held back from success in real estate because they think they need to have a lot of starting capital, and a background in business. Our guest today is a former bartender who got into the business and achieved 100 deals in 3 years. What lessons did he learn that helped him take this leap? Why is it dangerous to be emotionally tied to our results? What skills do we need to acquire to be successful? On this episode, real estate investor, coach and author, Zach Beach shares his incredible story and insight. Three Things We Learned The natural progression of massive growth Writing out our goals and knowing what we want to achieve can directly impact the amount of cash flow we'll end up generating. If we have huge goals, and a drive to improve our own knowledge and skills, we will attract more wealth to help our success. Dedication is an ability we can nurture Commitment and dedication are skills that we won't always have in the beginning. That means we have to hone in on it and practice those two abilities. Prepare for worst case scenarios In the investing game, we always have to be ready for the unforeseen. For example, Zach and his team had to deal with removing lead from a property, but because they had lines of credit set up, they didn't end up in a crisis. Guest Bio- Zach Beach is a real estate investing expert and strategist, Amazon Best Selling Author, Coach and Chief Operating Officer at Smart Real Estate Investing. For more information, and to get the book The New Rules of Real Estate Investing visit https://newrulesforfree.com.

When it comes to investing, it's not always easy to have multiple models running at the same time, but with life insurance, this is possible. Why are "and assets" so powerful in helping us build wealth? Why should we be focused on rate of result, not rate of return? How do we make sure everything we invest our time and money in elevates our value? On this episode, author, speaker and CEO of Better Wealth Solutions, Caleb Guilliams, shares his story of taking over a bank's investment department at 19, and how and assets allow us to do more with our dollars. Three Things We Learned Rate of return vs. return on result Don't think of ROR as 'rate of return'. Think of ROR as 'return on result', in terms of our ability to use our time and money to build the life we want. We are our greatest and most important asset People are routinely devaluing the fact that they are their greatest asset. If we use our time and money recklessly, we end up reducing how much value and potential we can have. And assets multiply our dollars When we combine the power of and assets with an investment model like real estate, we multiply what our money can do. If we keep investing that money instead of spending it recklessly, we unlock even more freedom. Guest Bio- Caleb Guilliams is the founder and CEO of Better Wealth Solutions, a company committed to showing people how to be more efficient and control their money today while maximizing their future wealth potential. He is the author of The and Asset: The Secret Way to Save and Use Your Money at the Same Time.

The real estate market is showing clear signs that a recession is coming, but so many people aren't reading those signs, and that will get them into huge trouble. How do we determine when it's time for us to sit on the sidelines, and avoid following the crowd? Why is it so important for us to stay informed and educated about what's coming down the pipeline in the market? On this episode, founder and President of Roll Investment Group and co-Founder of For Investors By Investors (FIBI), Jeremy Roll shares on how to stay ahead of the curve and avoid following the crowd. Three Things We Learned Let solid data, not the media influence your investing decisions One of the key things in a market like we have right now is to try and stay away from what's hot, and to instead focus on metrics and trends like the inverted yield curve Use that as a guide to invest, not the media hype. A "get rich now" mindset makes it hard to sit on the sidelines It's hard to sit on the sidelines when you don't have a long-term mindset. If you're trying to become rich quickly, you'll feel inclined to act impulsively. If you think long term and gain the patience associated with that, a lot will change and help you build sustainable wealth. Make reading a priority One of the key ingredients to success is being data-focused and make it a priority to study what's happening in the market. It's also important to learn about future trends, so that you know how to deploy capital or know if it's time to cash out. Guest Bio- Jeremy is the founder and President of Roll Investment Group. He manages a group of over 1,000 investors who seek passive/managed cash flowing investments in real estate and businesses. Jeremy is also the co-Founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 with the goal of facilitating networking and learning among real estate investors in a strict no sales pitch environment. To get in touch with Jeremy, send an email to jroll@rollinvestments.com.

When it comes to investing, most people believe they can only park their money in traditional products such as stocks, bonds, mutual funds and ETFs. But there's a whole new world of investing that's opened up through real estate. What are the benefits of these new models of investing, and why do they routinely out-perform Wall Street? How do we identify people to present investing opportunities to? How do we begin gearing up for the coming stock market crash, and the money it will bring in for investing? On this episode, investor, speaker and author, Matt Faircloth shares on how to find money for real estate deals and simple ways we can expand our private money capacity. Three Things We Learned Wall Street isn't the only vehicle for wealth building Up until recently, Wall Street was the only place Americans could reliably build their wealth. Unless you were exceptionally wealthy, there weren't many other options. Real estate investors are pioneering what will soon become a new method of wealth planning. Commercial real estate isn't the winning vehicle it used to be New models for work and retail mean that commercial real estate has shifted significantly. The people that are going to make big money in the future are those who will figure out how to repurpose these vacant spaces. Real estate investors need to prepare for the coming wave of capital Many people believe that when the stock market crashes again, it will indirectly drag real estate down with it. Real estate is going to remain stable, and the crash will create enormous demand for capital in our businesses. We need to be able to handle the volume of investable capital that's going to come to us, and learn how to put great deals together. Guest Bio- Matt Faircloth is a Real Estate Investor, Author, Speaker and founder of The DeRosa Group. DeRosa's vision is "Transforming Lives Through Real Estate". Matt is also the author of Raising Private Capital: Build Your Real Estate Empire Using Other People's Money. For more information, visit http://derosagroup.com/ Buy Matt's book Raising Private Capital: Build Your Real Estate Empire Using Other People's Money here.

In today's world, we have so much information and knowledge at our fingertips but we don't know how to manage it - and it's affecting the lives of young people, especially men. What are some of the signals that we've moved into a dangerous spot in modern history? Why is it important to back our financial understanding with historical knowledge? On this exciting episode, I'm joined by Entrepreneur and Author of Hard Times Create Strong Men, Stefan Aarnio, who shares how we can empower ourselves in a world that's trying to make us inherently weak. Three Things We Learned Religion is key to an empowered society When you remove religion from society, you also remove the moral fabric that comes with it. Never in history have we been able to maintain ethical and moral stability without religion. Religion has been replaced with money, government entities and universities and now we have a pseudo-religion that's destroying our society. You can't develop character without facing your demons Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. In order to become a man, you have to find your power, and then delve into darkness. In that darkness, you face your demons and in turn find your own ethical and moral compass. When men get consumed by darkness, the worst traits emerge Part of becoming a man is going through dark times and developing your character. The darkness shouldn't be allowed to consume us. When men let the negativity consume them, that's when they become addicts, gamblers, womanizers and abusers. Guest Bio- Stefan Aarnio is an Award Winning Real Estate Entrepreneur, author of Self Made: Confessions of a Twenty Something Self Made Millionaire and the winner of the Rich Dad International Hall Of Fame Award. Starting with only $1200, Stefan has built a multi-million dollar real estate business and multiple streams of income. Stefan has accumulated properties at an alarming pace controlling up to 25% of his local niche through his understanding of Real Estate Joint Ventures. Stefan's philosophy is simple, find great deals, build a fantastic team, pay everybody and create partnerships for life. For more information, and to get the book, visit http://hardtimesstrongmen.com/.

Land deals are considered especially difficult due to the up front associated costs, but these investments are very lucrative if handled correctly. Our guest this week is part of a group that owns 2000 acres in 4 different states combining unique investing and development strategies. Why is raw land so much more lucrative than residential property? How do investors make money from land acquisitions? What is the secret to finding money to fund these deals? On this episode, Enigma Mastery Group partner, investment coach, business coordinator, and speaker, Jon Lee shares his insight in investing in land based real estate. Three Things We Learned Raw land is the most lucrative form of property for investing Everything in real estate investing trickles down from raw land. Most investors develop a concept and then search for an adequate location. With raw land deals, the first step is finding available land from owners who are willing to work with land investors, and then developing a concept. Investment Value of Built Up Property vs. Raw Land An existing property on a piece of land can only be repurposed in so many ways. With something that already exists, your profit margin may only be about 20%, whereas with an undeveloped piece of land, the profit could be up to 1000%. Success requires a change to get to the next level To increase our net worth, we have to connect with the people that have already achieved in our markets. That means we have to shed old beliefs, things and people that are holding us back. Guest Bio- Jon Lee is a partner, investment coach, & business coordinator in the Outback Real Estate Investment Network which has now transitioned into the Enigma Mastery Group. The Enigma Mastery Group's mission is to help small business owners, entrepreneurs and corporate executives think and act like billionaires. To get in touch, send a text to 702.518.3652. To attend the Capital Funding Summit in Vegas, visit https://thinkrealty.com/events/.