Money School Podcast

Most of us are trapped in a cycle where we hand over our money, only to watch it disappear into a black hole of fees and limited growth potential. We're left feeling powerless and frustrated wondering: is there a better way? We feel shackled by conventional banking norms, with limited options and little say in how our money grows. But what if there was a way to change all of this? Enter Infinite Banking - a revolutionary concept that empowers us to reclaim control over our finances and become our own bank. It's a game-changer, allowing us to dictate the terms, so our money isn't just sitting idle; it's constantly working for us! In this episode, I talk about the Infinite Banking Concept, seizing the power to make your money work and why infinite banking is the path to true financial autonomy. To take back banking functions in our life, we must take back control of our money. -Chris Naugle Three Things You'll Learn In This Episode -Giving up control of our money What exactly do we get in return when we give up control of our money? -Think like a bank. Act like a bank. Where do we put our money so that we have full control of it? -Change where money goes How can we change where our money goes so that we have access to it?

Many real estate investment models seem great at first, but they become victims of the 3-year curse, especially in this market. You buy them, cash flow them and then everything goes wrong. From commercial to syndication, a lot of investors are hurting right now. The safest model with the most safeguards is one many experts say will go off a cliff, but it shows no signs of slowing down. What makes duplexes such a great investment? How do you flee the commercial real estate debt crisis? In this episode, I'm joined by the author of The Family Board Meeting and partner in the largest build-to-rent organization, Jim Sheils. He shares the power of solving the finance issue and where to look for opportunities right now. If the commercial world is not working, a couple of duplexes and quad-plexes can go a long way. The residential realm still has some guardrails around it. -Jim Sheils Things You'll Learn In This Episode -Why rehab when you can build Renovating and renting comes with a ton of headaches. What benefits does building from scratch offer? -How to stay successful in a high interest-rate environment What steps did Jim take to safeguard his investments against the volatility of the market? -Follow the inventory How do we identify the best places to invest? -The ultimate give What did Jim do for his father and what impact did it make? Guest Bio Jim Sheils is the author of The Family Board Meeting. He is also a partner in the largest build-to-rent organization in the United States, with over $600 million in assets under management that generate over $40 million in annual recurring revenue for investors. He uses his passive income strategy to teach others how to buy back their time and create a legendary family life. For more information, head to jjplaybook.com. Get The Family Board Meeting here.

In today's economy, there's a glaring divergence between multi-family and single-family. Unsurprisingly this has added another significant challenge for homeowners and investors alike. You can't help but question the stability and future prospects of real estate. With ridiculously high inflation rates in 2024, the situation has become even more dire. It has pushed many individuals and families to the brink of financial instability. How do we navigate these turbulent economic waters in 2024? What does the stock market predict? What do rate increases mean for us? In this episode, technologist, data scientist and CEO of UGro, Grocapitus & MultifamilyU Neal Bawa, joins me to talk about inflation post-covid, and the dichotomy between multi-family and single family homes. We also talk about what happens when there is a hint of recession and the predictability of the stock market. The economy was more resilient than anybody gave it credit for. -Neal Bawa Three Things You'll Learn In This Episode -Base assumptions Can this mess with our cash flow and profit projections? -Unemployment on the horizon What is expected around the unemployment rate in the USA and what does this mean for us? -Recession without inflation Is inflation a necessary evil to stabilize our economy? Guest Bio: Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $1 billion-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is, "We can only manage what we can measure". His second mantra is that, "Data beats gut feel by a million miles". These mantras and a dozen other disruptive beliefs drive profit for his 700+ investors. Visit https://grocapitus.com/ Visit https://mission10k.com/ Find Neal on LinkedIn @Neal Bawa Follow Neal on Instagram @nealbawa

Managing properties, rentals and tenants can be a constant headache for investors. The tough reality many landlords face is having to deal with the consequences of tenants who don't uphold their end of the agreement. Utilities alone can be the third largest expense for apartment owners, and relying on service providers to handle billing can lead to delayed cycles, reimbursement hassles, and poor service in general. Is there a solution to change all of this? Can we take control of billing our tenants ourselves? Can it reduce costs and increase efficiency in the process? In this episode, I'm joined by CEO and Founder at Utility Ranger, and multi-family investor and utilities guru, Tiffany Mittal. She talks about how her company allows us to easily bill our residents for utilities and other fees. We also talk about how doing it ourselves can save us time and money. Institutional investors have had all the control in the market, and it's about time the smaller investors get the same advantage the big guys have had for years. -Tiffany Mittal Three Things You'll Learn In This Episode -Understanding Proptech How does it help with property operations? -Solving our own problems If solutions created by others don't work for us, should we look into creating our own solutions? -The danger of going it alone It's impossible to do it all by ourselves. How do we find the right people who bring what we need to the table? Guest Bio: Tiffany Mittal is a highly accomplished figure in the real estate domain, with a diverse background as a multi-family owner, investor, and successful entrepreneur. Over the course of 13 years, she has thrived as an owner-operator of multi-family apartments and made significant contributions to the property technology (Proptech) landscape. Find Tiffany on LinkedIn @Tiffany Mittal Follow Tiffany on Instagram @tiffanymittal Check out Utility Ranger here!

They say the path to success is riddled with risks. You could fail, you could be ridiculed and rejected, you could lose your sense of security, you could lose everything. The bigger risk and path to definite failure is not taking a risk at all. The people who conform will never get on the path to success, but the people who bet on themselves and their worthy ideas will succeed. How do you make sure you're in the ranks of people who have changed the world? How do you deal with the inevitable doubt and ridicule your worthy idea will get? In this episode, our 250th episode, I talk about what it takes to be in the 2% of people who get the lives they want. The real risk-takers are the ones who take the least amount of risk. -Chris Naugle Three Things You'll Learn In This Episode -The biggest risk of all Why is seeking security the death knell of success? -To be great is to be misunderstood From the steamboat to the telephone, everyone who had a worthy idea had haters. How do you keep going anyway? -If you put the man back together, the world takes shape How do you create a vision of your perfect day and then make it your reality?

Being wealthy is meaningless if you're not healthy, but unfortunately, for a lot of people wellness is a lot more elusive than money. With all the illnesses and diseases out there, it seems like our bodies are ticking timebombs, but that doesn't have to be the case. With the right modalities, our bodies can sustain and health themselves, and we won't have to rely on traditional medicine. How have thousands of people solved their health issues through fasting? How do we cut through the health lies we've been told and key into what our bodies are telling us? In this episode, I'm joined by health guru, author, speaker, wellness consultant, and founder of A Healthy Alternative, Chris Freeman. He shares how we can transform our lives by changing our relationship with food, and how we can create the ultimate legacy for our children - one of wellness. The body is the only thing that heals the body. -Chris Freeman Three Things You'll Learn In This Episode -Eat your water Could certain foods be a richer source of hydration than the 8 glasses we've been told to drink everyday? -How to get rid of hunger pangs How do we start fasting without setting ourselves up for failure? -Build on your passion How did Chris build a thriving community on YouTube? Guest Bio Chris Freeman is a health guru, author, speaker, wellness consultant, and the founder of A Healthy Alternative. A Healthy Alternative is here to help you realize your potential as a whole(listic) human "Being" primarily through, but not limited to, Water Fasting. A Healthy Alternative is a wellness community with water fasting as its fundamental practice. For more information, head to https://ahealthyalternative.org/, http://www.AHAcommunities.com, http://AHAwellnessacademy.com and subscribe to the YouTube channel.

When a market has enjoyed eons of expedited growth, great deals aren't hard to come by. The real work begins when the deal flow slows, prices compress and properties sit on the market longer. This is the position many flippers and wholesalers find themselves in, especially in markets that have seen non-stop growth and massive appreciation. It becomes really obvious that what many investors thought was their intelligence, was nothing more than a really good market. The only way to keep succeeding is to become a better version of yourself as an investor. How do you seize the opportunity in a changing market? How do you shift from a transactional business model to something more sustainable? In this episode, I'm joined by investor and coach, Dan Toback. He shares how to stay profitable in this changing environment. The fun part about real estate investing and acquiring off market properties is it gives you the freedom to take on deals in your own timeframe and on your own terms. -Dan Toback Three Things You'll Learn In This Episode -No more easy deals What are some of the factors making real estate a lot tougher now? -Engineer the ultimate win In transactional business models like flipping and wholesaling, you live and you die by the deal flow. Why aren't more investors switching to something more stable? -Do the hard work on the front end In a market that can shift underneath you without warning, how can you be a more nimble investor? Guest Bio Dan is an investor, coach and director of acquisitions at NH Homebuyers, and the highest reviewed buyer on the Treasure Coast. He has been a prominent figure in the real estate industry for over a decade, with a background primarily focused on coaching and wholesaling. Follow @reifreedomcoach and join the Facebook Group here.

If you heat your house and put gas in your car, you'll know just how important oil and gas are - they literally keep the world running. What you might not know is that it's a highly desirable asset class with hundreds of millions of barrels in earning potential. As more people flee from real estate and the stock market, they are getting consistent, predictable income from mineral rights. What are some of the fundamentals that make this investment so favorable? What's the runway on this asset class? In this episode, I'm joined by domestic energy expert and investor, Troy W. Eckard. He shares how people are getting wealthy through oil and gas. Having mineral rights is like being a triple-net landlord. There's no cost, no exposure, zero liabilities, zero capital but you get a check every month. -Troy W. Eckard Three Things You'll Learn In This Episode - Green energy: fact or fad There are a lot of people who think the days of oil are numbered, but why is that virtually impossible? - The grocery cart test Even though the powers that be want us to believe we're heading for a soft landing, what indicators just don't lie about what's really going on? - Untapped potential Why is the domestic oil and gas industry so ripe for opportunity? Guest Bio Troy started his career as a registered broker licensed with the Financial Industry Regulatory Authority (FINRA) in 1985. In 1991, Troy acquired the majority interest in a 40-year-old licensed FINRA firm renamed Eckard Investment Services, Inc. Troy owned that firm until it was voluntarily closed in 2009 when brokered services were no longer part of his family's energy business model. Over the last 37 years, Troy has had a near 100% focus on domestic energy. This includes hundreds of various joint ventures, LLCs, and special purpose vehicles ranging from seismic acquisitions, saltwater wells, domestic exploration and development projects, production acquisitions, water rights acquisitions, real estate developments, and midstream ventures. This experience has provided him with a broad knowledge of integrated expertise in energy asset management. In 2010, he elected to roll all his prior ventures into one family business now known as Eckard Enterprises, LLC. He serves as the owner, Chairman, and Manager of the firm. Over the last decade he's built a fully integrated management team with expertise in finance, operations, land, engineering, and geology. With almost four decades of experience, his focus on domestic oil and gas puts him at the top of his class in expertise and industry knowledge. Eckard Enterprises believes that owning, developing, and managing assets is one of the safest long-term investment strategies available today. Today, the firm represents over 1,300 high-net-worth partners and is one of the industry's leaders in mineral rights acquisitions and working interest participation. Eckard is a leader in the industry and unrivaled in its reputation, transparency, ethics, moral stance, and expertise in execution. For more information, head to eckardenterprises.com.

Perfection is the key to success, right? Wrong…More often than not, focusing on getting everything perfect just delays the process of creation. Success and wealth aren't a straight line - if you're focused on not messing up and not making mistakes, you'll never reach any of your goals. If we seek momentum and progress, we'll accomplish things faster than any perfectionist. How do we disconnect ourselves from the idea of perfection? In this episode, I talk about the danger of perfectionism, and how to fall in love with taking action, even if it's not perfect. Done is better than perfect. If you strive for perfection, you strive to never get off the ground. -Chris Naugle Three Things You'll Learn In This Episode -The root of perfectionism How do we overcome the fear of making a mistake? -Success is iterative How do we shift from starting out perfect to just starting and making improvements as we go along? -Onward and upward Sometimes making mistakes trips us up. How do we recover quickly and just keep moving?

In every area of our lives, we can't outsource what truly matters. We can't outsource our faith, our health and our relationships, but for some reason we're encouraged to outsource our wealth. No one is ever going to care about and take care of our money the way we do. No one will ever invest according to our values the way we can. No one will ever care about our descendants the way we do. That's what makes whole life insurance so powerful. It's a vehicle that puts you in control, and it's the only vehicle that will ensure our wishes are carried out whether we're around or not. It's also the only financial tool in the world that will grow with you and help you differently at every stage of your life. Ultimately, it isn't just a concept and a tool, it's also a powerful mental model and self-actualization tool. What are some of the things we can do with this tool that we can't with others? In this episode, I'm joined by author and founder of Life180, Chris Kirkpatrick. We talk about all the great things about IBC that have nothing to do with the logistics. The reason I think everyone should get whole life insurance has nothing to do with the technical stuff. It's because that process is going to force you to become who you need to be with your money to live the life you want to live. -Chris Kirkpatrick Things You'll Learn In This Episode -A unicorn, not a financial tool What are some of the biggest problems with IULs, and why is the industry so driven to hide them from people? -Align your money with your values Why does whole life insurance offer a level of freedom other models don't? -The most versatile tool How can a whole life policy be shifted and modified to solve multiple problems throughout your lifetime? -A self-completing vehicle Why is whole life insurance such a powerful filter to run our money through? Guest Bio: Chris Kirkpatrick is an entrepreneur, author and the founder of Life180. He is relentlessly dedicated to helping people reach financial freedom as quickly as possible. Chris believes the financial system is broken - it is set up for the main street investor to fail. Too many people play a passive role in one of the most important areas of their life - THEIR MONEY. Chris wrote his last book, Cashflow Hacking, to show how anyone can reach financial freedom predictably in roughly a decade. That's about 4x faster than Wall Street's plan for you, and the good news is, you have more control of the outcome. For more information, head to https://life180.com/, subscribe to YouTube channel and follow @realchriskirkpatrick. Get a free copy of Cashflow Hacking here.