The Race Rat Podcast - podcast cover

The Race Rat Podcast

Evan Shepardwww.launchpaddm.com
The Race Rat Podcast is a show created for those who are simply looking to escape the rat race. We discuss success habits and how to deal with the mental aspects of starting your own business or venture. And obviously, how you can be smart about your money. Our purpose is to provide a tremendous amount of value to those younger generations who may need it. Check out my other platforms here: linktr.ee/theraceratpodcast
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Episodes

Building A Relationship With Money And Understanding Its Function

In this episode we discuss the importance of not only understanding the function of money but building a relationship with it. Far too many people in our world believe money is evil and poses not function except for corrupting lives. I explain the true function and solution that money itself is and how to deal with emotional barriers when facing money. The truth is money doesn't think anything of you. It has no bias. And when you can understand it's function and respect it, you can learn to be i...

May 25, 202028 min

Building A Billion Dollar Empire With Brandon M. Dawson, CEO And Co-Founder of Cardone Ventures

In this episode I got to talk with the co-founder and CEO of Cardone Ventures Brandon Dawson. Brandon is an incredibly successful entrepreneur and value provider. In his early 20s Brandon had dropped out of college and began working in sales and by the time he was 24 years old was making over $150,000 per year. As difficult as it was, he left Atlanta for Washington where he grew an equity company from a few to 60 million in just 36 months only using his savings to fund it. He then went on to bui...

May 18, 202031 min

Financial Freedom Through Real Estate By Age 25 With Antoine Martel

I had the pleasure of sitting down with Antoine Martel this week discuss what it was like starting in real estate investing while in college. Antoine, attended Loyola Marymount University just a few years back and dedicated himself to investing in real estate by his senior year. He attended meetups, took courses, and by age 22 had taken the $40,000 in his father's 401K and had bought their first single family rental property in Memphis, Tennessee. Just 3 years later The Martel family now has a r...

May 11, 202035 min

Differences Between Traditional Education And A Financial Education

In this episode I wanted to address the idea that so many people deeply believe about traditional education that are not true about financial education. The first one, the idea that in order to increase your income or become more successful is to go through more schooling. The idea that a Bachelor's degree doesn't cut it anymore and that you need to get a Masters or A PHD in order to make enough money. I break down the math behind it to prove that the cost of getting a graduate degree can be det...

May 04, 202028 min

The Practical Perspective To Succeed In Business And Life In The Long Run

In this episode I sat down to talk about some perspective that has came to my attention during the recent times. A lot of people are feeling cooped up feeling like they need to change things and succeed right this instant. They are taking approaches to business and life with only a short term perspective. In my opinion, that might be the quickest way to lose and be unsuccessful. The Practical Perspective Needed To Succeed In Business And Life In The Long Run is to do less talking and take more a...

Apr 27, 202033 min

Building Personal Businesses Through Positivity And Patience With Eden Sustin and Kim Somers Egelsee

In this episode I sat down with Eden Sustin and Kim Somers Egelsee of Talk Purpose and Truth podcast to discuss what it was like building their own personal businesses. They both shared insight into their early adulthood where they began to develop their minds and knowledge behind what they do know. Eden, a medium and automatic writer, had known she had her unique capabilities for a while, but it wasn't until she was asked to do a reading where she realized she had a god given ability and needed...

Apr 20, 202035 min

How You Can Protect Your Money In Almost Any Market

In today's episode we discuss how you can protect your money and assets in almost any market. It doesn't matter if it stocks, cryptocurrency, or even real estate, the truth is people are hurt when they have too much leverage and don't apply proper risk management. It's one thing to make a lot of money very quickly, but it's another to be able to keep that money and allow it to turn into more. I talk about my experience making a lot of money very quickly and losing it all very quickly in cryptocu...

Apr 13, 202030 min

From $82,000 in Credit Card Debt to A 7-Figure Entrepreneur and Travel Hacker (with Yan Stavisski)

In today's episode I have a conversation Yan Stavissiki to discuss how he went from being $82,000 in Credit Card Debt To A 7-Figure Entrepreneur and Travel Hacker. Just a few years ago Yan had graduate from UC Berkeley and San Fransisco State with degrees in Finance and Marketing. After applying to over 100 employers he had no luck and decided to try his luck with 5 different businesses's all funded by credit cards. Just a year later he found himself $82,000 in debt, making $3,000 a month, and o...

Apr 06, 202055 min

Why Spending Money Is The Only Way To Become Wealthy

In this episode we discuss why spending money is the only way to become wealthy. Now I know what you're thinking, don't you have to save or invest? You need to be able to spend your money on income producing cash flow. In a time where the economy is uncertain and there are massive discounts on stocks and investment properties, you will not get rich saving your money. You must use all the extra cash you have lying on the side and spend it like crazy. You'll never go broke buying great discounts w...

Mar 30, 202025 min

Stock Market Crash 2020

In this episode we are discussing the stock market crash of 2020. So far the stock market crash of 2020 has been the quickest drop of all time. Many people are looking to invest into the market at this point in time and "buy the dip". In this episode I discuss why it is a very real possibility the market will not see any upside for next 10 years. I go over the strategies of some of the greatest investors of all time such as Warren Buffett, Charlie Munger, Jim Simons, Ray Dalio, and Peter Lynch, ...

Mar 23, 202033 min

Corona Virus (COVID-19) And The Stock Market: Preparing For Opportunity In Finance And Health

This Corona Virus, also known as Covid-19 has been spreading around the world and the United States. It having not only an impact on the health of people around the world. Because of the virus entire countries have shut down which obviously leads to a financial crisis as well. The economies of certain countries are shut down. Restaurants, air travel, hotels, banks, and more are in some deep trouble. Obviously the effects of the virus will disappear one day, but how do you truly prepare for both ...

Mar 16, 202021 min

Overcoming Self Doubt As An Entrepreneur (With Victor C. Samuel)

Overcoming self doubt is one of the most difficult parts of trying to become an entrepreneur. When faced with the challenge of a new journey we often doubt if we have the ability or the skills to succeed. Self doubt, anxiety, and depression can creep into the back of our minds and hinder us from reaching out full potential. In today's episode I sat down with Victor C. Samuel, author of Lost Boys, to discuss the self double and mental struggles we have both experienced. We also discussed how to o...

Mar 08, 202041 min

Using Your Life Experiences To Find Your Purpose (with Matt Martinez, Host of the Human Glue Project)

In today's episode I talk with Matt Martinez, Host of The Human of the Glue Podcast, about what it was in our lives that led us to our purpose. It's essential that every person has some sort of purpose in their life. Even more important is a purpose to serve others and provide a valuable product or service. In this episode Matt and I dig deep and find what are why is. We discuss what it is that helped us through our creative process and how our life experience impacted us into the people we are ...

Mar 01, 202047 min

Betting On Yourself: Taking The Needed Risks And Actions In Your Life

Betting on yourself means taking the risks that you feel you need to take. Against all odds or whatever might sway you, when you have a desire strong enough to pursue the things that you want through trials and tribulations, success and greatness land on the other side. In this episode I discuss the importance of betting on yourself and share my own personal experience with what I bet on myself.

Feb 17, 202025 min

The Power of Compound Interest: The World's Greatest Secret About Money

In this episode we talk about what Albert Einstein called "The 8th Wonder Of The World", compound interest. We discuss the power of compound interest and how it can be used to grow your wealth substantially with the help of time. We discuss how the difference between investing at 20 and 40 changes the outcome of your entire life and the importance of time when investing. Subscribe to my YouTube channel: Evan Shepard for a series on Investing.

Feb 09, 202025 min

More Money More Problems: Insight Into The Misconceptions About Money

Everyone has heard the term, "more money more problems". It's a common saying, meaning, that the more money a person has the more problems they deal with likely because money is the root of all problems. In this episode I discuss why this isn't the case at all and why making money has nothing to do money problems. I explain how our lives our dominated by two emotions, fear and greed and how those emotions often times find their way into our wallets. While most people focus on making more money, ...

Feb 04, 202028 min

Having Wall Street At Your Fingers Tips: The Greatest Financial Opportunity Ever

In this episode we discuss how the term Wall Street has changed. A few decades ago if you wanted to get started investing you had to contact some sort of stock bork.er They took large commissions fees, weak returns, and didn't want to work with anyone who might have been poor. We are now in a day and age where Wall Street is becoming part of our bank accounts. We have apps that allow us to invest straight from our phones. We have brokered exchanges that are changing to commission free trading. Y...

Jan 31, 202024 min

How Desire And The Relationships You Have Can Lead You To Wealth

In this episode I discuss the two biggest lessons from the book "The Richest Man in Babylon" in the book, the main character teaches the poor how to get rich, in hopes of making Babylon the richest city in the world. His two major points where the desire to become rich and the discipline to save at least 10% of his earnings. In this episode I expand on both the importance of desire and how it plays a crucial role when you feel like quitting, are unsure, or just getting started. I also touch on t...

Jan 28, 202034 min

What Does It Mean To Have The Perspective of an Entrepreneur?

The thing that differs entrepreneurs from the average person is their perspective. Having the perspective of an entrepreneur means being able to think outside the box and not conform the mold the world wants you ti fit in. By approaching a task, a challenge, or a journey, with the right perspective it often makes all the difference.

Jan 22, 202027 min

My 20th Birthday! What I Wish I Could Tell My 18 Year Old Self About Money, Patience, And Mindset

In this episode I reflect on the past couple of years of my life and how drastically they changed. I talk about how I wish I could tell my 18 year old self what I have learned in those 2 years of consistent failure. Losing money and wanting to quit in my trading journey. I discuss about how I was expecting to achieve success incredibly quick. I want to make money very fast and lost almost everything I touched. I wanted to change my circumstance by taking the same approach. It was only recently w...

Jan 17, 202022 min

Leveraging Your Money To Increase Your Wealth! (Why The Stock Market Will Never Work)

In this episode I discuss the importance of leveraging money and using that to increase your wealth. So, what exactly do I mean by this, leveraging your money is the ability to create more money than what you physically have to work with. Usually being able to leverage money applies best in the real estate and forex markets. For example, you put a 20% downpayment on a home and in return receive 5 times more in the value of your assets. If you were trading forex, you could leverage your positions...

Jan 12, 202024 min

Acceptance, Patience, and Letting Go - An In Depth View Of My Greatest Weaknesses

In this episode I get vulnerable and share my own biggest weaknesses. If you can't tell by the title I have a very difficult time, accepting my failures, letting go, and being patient with the next step. I share how I truly haven't gotten over my losses in the crypto markets over the past year, how I refuse to give up on an idea, and how my perspective limited me from being able to forgive. Listen, even though this podcast is about trying to create what you want to have the social and financial ...

Jan 07, 202028 min

Being Uncomfortable And The Fear Of The Unknown

In this episode we talk about dealing with the feelings of being uncomfortable and the fear of the unknown. Being uncomfortable is something that not a single human on the planet enjoys feeling. It is a natural reaction to uncertainty. Especially when the future of your well being, career, finances, or lifestyle are at stake. I recently found out that I will be out of a job for somewhere between two to three months. I'm left with a dilemma of pursuing my dreams and risk going broke, find a new j...

Jan 05, 202026 min

Taking Action Towards What You Want In 2020

It's that time of the year ago. New Year, New Decade, New Me, as heard from the same people who fail to take action in their lives. The whole idea of a New Years Resolution is to make the people who regret their past year, feel excited about a fresh start, to do it all over again. The truth is the only way to improve your life is to take massive action. It's working when you don't feel like it, it's staying up late, it's making sacrifices to ensure that you get done what you need to. There is no...

Jan 01, 202021 min

Trying to Leave Your 9-5: Struggles, Experience, and Faith with Aaron Patton (Host of New Age Influencers Podcast)

In this episode I talk with Aaron Patton, Host of New Age Influencers Podcast, about leaving a 9-5 job in order to pursue a business or other venture. The facts are that over 85% of people hate their job. That is a staggering amount of people who go to work for somebody else, are miserable, and make others wealthy in the process. For some people, working a 9-5 is what they want and if that's you, great! But for the majority of people they would much rather find a way to monetize their interests,...

Dec 30, 201935 min

How To Generate Income When You Have None

In this episode we discuss how you can generate more income when you don't have much to work with with. Having too little income is the most common shortcoming of young adults and aspiring entrepreneurs. The best way to generate more income especially when you don't have more is to just create content on platforms that have an advertising or monetized program. When you create content you can use your following to generate ad revenue. From there once you generate a large enough following you can ...

Dec 28, 201920 min

Being Obsessed Is The Only Way To Monetize Your Passion!

In this episode we discuss why being being obsessed is the only way to monetize your passion. Unless you want to live an average life you need to work 10x than anyone else. You need to obsessed. Put in hours of work outside of your own responsibilities just for a chance to change your life for the better. Why do you think most people never do that? Because they aren't obsessed with their work. There is a 0.0% of you succeeding if aren't just infatuated with your passions. because you'll never wo...

Dec 26, 201925 min

The Biggest Mistake The Average 20 Year Old Makes

In this episode we discuss the the biggest mistake the average 20 year old makes by allowing their social pressures to transfer to the bank account. Most 20 year olds are exploring their newly found freedom in the adult world. But the reality is, most 20 year olds are dictated by fear. Fear of not fitting in, being judged, it can be anything pertaining to social pressure, and often it hurts their bank account. Spending earned money to fit into those pressures. $800 handbag here, $400 wallet ther...

Dec 23, 201927 min

Why I Choose To Invest In Experience (Versus Traditional Stocks And Cryptocurrency)

In this episode I discuss why I choose to not invest in stocks or cryptocurrency and my experience behind investing in those. The biggest takeaway of this episode is to invest in your beliefs and the lifestyle you want. Invest in your intuition and the experiences that it presents to you. I tell the story of my massive cryptocurrency returns and massive fall back to the surface. I explain the euphoria that came with the returns and the heartbreak that came with the losses. From cryptocurrency I ...

Dec 19, 201932 min

"Hustling" 16 Hours A Day Is Flat Out Wrong

In this episode we discuss why nobody should "hustle" for 16 hours a day. Gary Vaynerchuk, a large social media influence and entrepreneurs, has recently proposed this idea that people should be working 16 hours a day on whatever their purpose is, or flipping items online. And OF COURSeEthat is a viable method, no disrespect, but in a day and age where young entrepreneurs are exposed to a network of people and services we should be teaching them to utilize it. So many young entrepreneurs feel th...

Dec 16, 201913 min
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