Jack, with a current net worth of nearly $15 million is a land and real estate investor. He is an immigrant from Germany who started with nothing but student loan debt. He took a low paying job out of college and eventually started buying land. Jack has numerous single family rentals and shares how to best manage both single and multifamily investments. He shares his mistakes, advice, and strategies on investing. Find out more about him at https://www.jackbosch.com/ ....
Jun 24, 2019•43 min•Ep. 87
Pete currently lives in Australia and works as a financial advisor. His net worth is split into three different buckets - real estate, equity investments, and small business. He discusses his background and story including almost being an Australian Olympic swimmer before finding the financial planning industry. He was 35 years old when he hit his first million. Pete now travels extensively and enjoys spending time with family and friends while helping others on their journey through life....
Jun 17, 2019•43 min•Ep. 86
This episode features Jerry with a current net worth of 1.2M. He and his wife are both teachers and overcame student debt of almost $50K. At the age of 35, Jerry and his wife had a net worth of zero. Through contributing to retirement accounts and frugal habits, they have become millionaires. Jerry divulges his investment allocation which includes a 529 plan, an HSA, and 925K in the Vanguard total stock market index fund.
Jun 10, 2019•42 min•Ep. 85
Maria Bruno is the head of U.S. wealth planning research at Vanguard. We discuss the current state of the market and specific trends Vanguard has discovered from their research. Maria shares insights on Roth vs. Traditional investments, Roth IRA conversions, required minimum distributions, and U.S. vs. international allocation. She also discusses Vanguard's investing principles and how much one should consider taxes in their investment planning. https://vanguardblog.com/author/maria-bruno/...
Jun 03, 2019•32 min•Ep. 84
Glenn, with a current net worth of $5.5M is a multifamily investor and syndicator. He started his real estate journey as a repair man and leasing agent and later started buying his own apartment complexes. Glenn shares his insightful and honest life story in which he had to start fresh from being over leveraged and losing a job during the 2008 recession. He shares a powerful story of the determination to succeed and the ability to regain hope, success, and wealth.
May 28, 2019•46 min•Ep. 83
Tim Sykes is a penny stock trader who has earned millions after starting with just $12,000. Tim discusses the ins and outs of penny stock trading including how to get started, how much to invest, what to invest in, where to look, and the mindset to have. Tim also discusses success in both business and life and provides excellent advice on being honest and patient in both investing and life.
May 20, 2019•34 min•Ep. 82
Steve, an entrepreneur in his young thirties, recently received a payout from his tech company. Besides his $200K in cash holdings, he also has $500K in home equity, $200K in the market, and an additional $200K in business equity. Of the money invested in the market, over 50% is invested in the S&P. He discusses his career path in technology and computer science, how equity in a new business works, and concludes with terrific advice on balancing one's career and family.
May 13, 2019•44 min•Ep. 81
Dom, a 31-year-old executive has worked tirelessly to build up not only his income but also himself. He discusses how he was able to grow his income so quickly (combined income of $165K in 2012 to $475K in 2018), how he invests (32% primary residence, 17% S&P index fund, 17% other real estate, 22% company equity, 8% life settlements, 3% cash, 1% cars), and the mistakes he's made along the way. Dom also provides insight into personal development, paying off one's mortgage, and investing strat...
May 06, 2019•40 min•Ep. 80
Rich, with a current net worth of about $2.2M, is currently living abroad as an officer in the military. He has a portfolio of 20 single family rental homes. He currently makes about $100K a year in passive income from his rentals. Each home is worth about $80K and was often purchased for much less. Rich considers himself part of the FIRE community, specifically fatFIRE. He discusses how he built his real estate portfolio and how he manages them from abroad.
Apr 29, 2019•41 min•Ep. 79
Today's guest, Kevin Bupp, is the host of the popular podcast, "Real Estate Investing for Cash Flow." We talk about real estate investing and primarily mobile home park investing. How are mobile home park investments different than single and multifamily investing? What are the pros and cons of the investment? How does one get started in the space? Kevin also discusses his financial and investment journey and provides excellent advice for financial success.
Apr 22, 2019•44 min•Ep. 78
Damion Lupo, an entrepreneur, author, and real estate investor shares his story of reaching a net worth of $20 million before losing it all in the 2008 financial crisis. Damion talks about how he rebounded from the loss and now has a goal to free one million people from financial bondage. We also discuss mastering goals and having a purpose, the psychology of success, building confidence, and the importance of mentors and masterminds.
Apr 15, 2019•42 min•Ep. 77
Scott, an asset protection attorney with a net worth of seven million unveils his portfolio and investing strategy. He also owns a growing business which isn't included in his net worth calculation. We discuss how much one should reallocate back into his/her business, goals for the future, and when enough is enough. Scott also talks about what he looks for in a real estate investment, and provides asset protection advice.
Apr 08, 2019•26 min•Ep. 76
Hunter, with a current net worth of $1.4M is a financial adviser. We discuss who needs a financial adviser, the benefits of having one, when one should hire an adviser and several of the common misconceptions related to the industry. Hunter has about $700K between two houses, $500K in the market between both traditional investment and retirement accounts as well as holdings in different single stocks including Facebook, Google, Amazon and Netflix.
Apr 01, 2019•41 min•Ep. 75
This interview features Allison, a nurse with a net worth of $1.7M. Her husband also works as an engineer. Together they have eight single family rentals, half of which are paid off; the rentals cash flow about $50K annually. They hold about one $1M in equity investments and nearly $700K in real estate. Allison also invests in her 401(k) and a thrift savings plan. Within her equity investments, 90% is in stocks and 10% in bonds.
Mar 25, 2019•39 min
Today's guest interview features Robert Kiyosaki, the famous author of "Rich Dad Poor Dad." Robert discusses his investing mindset, the importance of continuing education, and the game of getting rich. He also unveils the assets in which he invests, and his view on debt. He shares what it takes to be successful and how failures can be turned into a success. Robert also talks about his new book, Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer....
Mar 18, 2019•13 min•Ep. 73
Steve is 31 years old with a current net worth of 500K. He has 100K in home equity, 100K in the Vanguard index fund, VTSAX, 230K in retirement accounts, and about 40K total in educations savings accounts, cash, and a 529 plan. He and his wife (school teacher) have one child and spend about 50K per year; they currently save about 60K per year. Steve discusses how he was able to grow his income, how to work with your spouse on money, and the affect goal setting has had on his financial success....
Mar 11, 2019•34 min•Ep. 72
Taylor is a financial adviser and small business investor. He has opened/invested in an insurance company, consulting practice, and a healthcare provider. He discusses his portfolio allocation including the criteria used to invest in small businesses; he doesn't own any index or mutual funds. He also provides terrific advice on how to work with one's spouse on money and how being on the same page with investments and spending is essential.
Mar 04, 2019•38 min•Ep. 71
Brad, co-host of the popular personal finance podcast, ChooseFI explains how the podcast got started and what it means to be "financially independent." He talks about intent, how much one needs to retire on a certain lifestyle, and how to get started toward financial independence. He also shares insights on his investment portfolio, health insurance advice for those who are retired or self employed, investing mistakes he's made, and tips for financial success.
Feb 25, 2019•43 min•Ep. 70
Sarah Fallaw, co-author of the new book, The Next Millionaire Next Door, and daughter of Thomas Stanley, author of The Millionaire Next Door, shares insights and data from both the new book, her experiences, and her father. We discuss her recent millionaire studies including how millionaires spend and save their money, what cars they drive, their level of education, and income levels. She divulges how recent findings have differed from the original studies and provides terrific financial advice....
Feb 18, 2019•31 min•Ep. 69
Andy, with a current net worth of 4.0M, started investing in his 20's. He has 2.7M in retirement accounts, 780K in real estate, 50K in a 529 plan, 260K in music royalties, and 150K in cash. Andy discusses his path to wealth, how he acquired four rental properties, and provides terrific advice for being financially prepared. To learn more about Andy, check out his interview with the Dave Ramsey team at https://www.youtube.com/watch?time_continue=8&v=W9Ghh1f-Igc ....
Feb 11, 2019•32 min•Ep. 68
Keith, the wealthy accountant has a current net worth of approximately 12.5M. Keith discusses his story and path to wealth including his humble beginnings as a farmer. Keith hit his first million at age 31 and unveils his route to financial success which included primarily small business and real estate investments. He provides terrific advice on how to build your net worth, how to stay focused, and shares the best financial advice he ever received.
Feb 04, 2019•38 min•Ep. 67
Marc has a current net worth of 1.7M. After quitting his job at the age of thirty, he started building and selling websites. He has since sold six websites ranging in price from $10,000 to $500,000; he has sold several sites for six figures. Marc discusses his unique journey to wealth, the strategy around building websites and knowing when to sell, and how to value one's website or blog. Marc also divulges how much he holds in cash and in which Vanguard funds he invests.
Jan 28, 2019•39 min•Ep. 66
Today's guest interview features Joe from the stacking benjamins podcast. We discuss numerous topics including how the show got started (where the inspiration came from), thoughts on the FIRE movement (how much one needs to retire), where to get started on investing, and why people now tend to be more open with money. We also discuss Joe's background as a financial adviser, who needs one, and the future of the financial planning industry.
Jan 21, 2019•40 min•Ep. 65
Today's episode features Chris Hogan, a member of the Dave Ramsey team. Chris discusses his new book, Everyday Millionaires, in which a third party study of 10,000 millionaires was conducted. He discusses numerous items from the book including the top three careers (engineer, accountant, and teacher), how to get of debt, the average savings rate of millionaires (15%) and millionaire salaries. He also shares a unique millionaire story and a bit about his own.
Jan 14, 2019•27 min•Ep. 64
Jude, with a net worth of around five million, was homeless in his late teens. Through a series of events, he decided to change his life and began working at a hospital. Shortly thereafter, he started his first business which ultimately failed. He bounced back and started another business which helped kickoff his success. Jude currently has holdings in businesses, real estate (single family, multifamily, and commercial) and other assets. Jude shares his remarkable story and provides terrific adv...
Jan 07, 2019•42 min•Ep. 63
Vien, a refugee at birth, now resides in Australia and works as a pharmacist. She has a current net worth of 1.6M with 1.2M in real estate, 200K in her business, 90K in cash, and the remainder in retirement accounts. She discusses her career, allocating money between her business and other investments, and her financial goals for the future. Vien also shares that part of her financial motivation is remembering the time she had three dollars in her bank account and five dollars in her wallet....
Dec 31, 2018•28 min•Ep. 62
Joe has a current net worth of 1.75M. He works in IT and allocated his money 80% stocks and 20% bonds. Within that allocation, he chooses 60% domestic and 40% international holdings. Joe reached is first million at age 39 and expects the second million to come much faster. He dabbled in single stock investing and real estate, but prefers investing in mutual and index funds. His household range of income has been 52K to 180K. He also shares advice on when to purchase your first home....
Dec 24, 2018•29 min•Ep. 61
Michael Blank, a multifamily investor and host of the "Apartment Building Investing Podcast" shares his passion for multifamily investing and why he believes multifamily real estate is a fantastic investment. Michael shares his background and investing failures, how to find your first deal, what to look for in a deal, and frequent mistakes made by real estate investors. He also discusses single family investments vs. multifamily investments.
Dec 17, 2018•28 min•Ep. 60
Today's guest, Jaime Masters, is a business coach and hosts the popular podcast, "Eventual Millionaire" where she interviews millionaire business owners. We discuss numerous topics including how to allocate money between one's business and other investments, finding success in the journey, the role of coaches and masterminds, and when to make new hires and the process of doing so. Check out the free resources mentioned at https://eventualmillionaire.com/jace/
Dec 10, 2018•34 min•Ep. 59
Amber has a current net worth of 1.2M with 400K in a paid for home, and about 700K in traditional investments and retirement accounts. She also has money in HSA's, stock options, and an education savings account. The house was paid off in her early thirties and she wants to retire at age 45 with a net worth of 1.5M. Amber discusses mistakes (including overspending on credit cards) and offers terrific financial advice. She and her husband also adopted two children and paid for it all in cash....
Dec 03, 2018•38 min•Ep. 58
