What’s going on everybody?

Today is going to be a fun day, I have my oldest with me and we are going to go see if we can do some retail arbitrage.

This is where you go to places like Target or Walmart and buy things on clearance and then try to flip it on Amazon or eBay.

We have been wanting to do this for a while, but we’ve been busy with baseball and other things.

We are both pumped, because if we make some money we can buy some stuff for Fortnite and other fun things like that!

What’s going on Y'all, I’m back with another Wealth Hack Wednesday!

Today I want to talk about what it means to be busy vs. what it means to be efficient and getting things done.

This is something I struggled with early in my career. As a financial advisor starting out, I had to do everything. I had to meet with clients, do all my marketing, even making copies.

Granted, in the beginning my branch manager didn’t think I was going to make it so I didn’t get the support staff that I needed.

Today we are going to talk about a *special* type of account. It is the type of account that you have to have if your goal is to become wealthy.

I want to answer some questions like - what is this account - what makes it so attractive - and why or how are wealthy people taking advantage of it.

With those that are familiar with how to build wealth, you often hear they invest in real estate, they are entrepreneurs, they are investing into companies, private equity…..you hear all these different ways that they are building wealth. And all of these are true.

But the one thing you have to realize is it is not just what they are buying, but how they are buying it. You always hear that the rich always take advantage of all the loopholes and tax breaks, and there is some truth to that, but these are not secret things. These are all things that are public information.

I share all of this because this is what led me to opening the type of account that I opened.

It is a self-directed 401K Plan. Now you can have a self-directed 401K or a self-directed IRA.

We will talk about that a little more.

All of this became popular back when Mitt Romney was running for office. When it became public that his personal IRA was worth over $102 Million.

This was phenomenal - you know there are limits to how much you can put into an IRA annually. Right now that number is $5,500. So with these limits in place, how do you grow an IRA to that magnitude?

What’s going on everybody? Back with another Wealth Hack Wednesday and for this one I am bringing you to one of my favorite rooms in the house.. my work out room.

How did I go from making $19,676.41 to making over 6 figures per year?

What were the Four Key Mindset Shifts that I had to make to allow this to happen?

So I was going through some old files and I came across my 2004 tax return. This was significant because this was the first tax return I filed after my first year of becoming a financial advisor.

⚡ What a flashback! Just remembering where I was in my life and career at that time.

I didn’t come from money and I didn’t have any friends or family that was making over six figures, so i just didn’t associate with those types of people. And that type of mindset.

I didn’t know if it was something that I could ever accomplish, I don’t even think this was on my radar as a possibility.

I get asked quite frequently “How do you decide what you are going to record for YouTube? How do you come up with your ideas?”

Hey everyone, I am here in Pigeon Forge, TN at my son's baseball tournament. We are here at the Ripken Experience which is an amazing complex with amazing fields.

If you haven’t gathered this yet, the Ripken Experience is named after the Ripken family, but most notably Cal Ripken, Jr.

Cal Ripken is arguably one of the greatest shortstops to ever play the game. But what he is most known for is the amount of consecutive baseball games he played in a row. He played 2,632 games in a row. Which is unprecedented. It is a record that people say will never be broken.

What we can learn from that is how do you play 2,632 games in a row or how do you work 2,632 games in a row?

How do you dedicate so much of your effort that nothing stops you from doing what you were meant or called to do?

That is what Cal Ripken did. But here’s the thing, growing up he was known as a power pitcher - he never even played shortstop. In his first season in the minor leagues, he committed a league high of 33 errors playing shortstop. So, many questioned his ability to move from pitching to playing shortstop.

So what did he do? He worked at it.

He stayed extra, he showed up early. He made a commitment to himself that no one was going to outwork him.

So what do we take from this? When you hear about successful business people - these are the ones that dedicate their time, their energy, their life to a goal that they have set for themselves.

What’s going on ya’ll?

I’m sitting at my son’s baseball practice and working on our core family values. As I’m doing this, since I’m a quick start and I get big ideas all the time, for some reason I started thinking about a client meeting I had 8-9 years ago.

He was the son of a good client. He was about my age at the time, maybe 3 years older. All I knew about him was that he lived out of state, was married with kids, and made good money.

My clients, his parents, were excited to refer him to me. He and his wife came in and I got to learn more about their situation. Both he and his wife worked for the same company and each of them were making around $250k a year. So combined they were making about a half a million dollars a year.

Back with another Wealth Hack Wednesday!

Today I want to talk about the importance of building a professional team around you. Especially if you have any desire for building wealth.

What’s going on everybody.

I wanted to share a reader question that I received: