In this new episode of the Know Your Why podcast, Dr. Jason Balara interviews Ben Utley, a Certified Financial Planner (CFP) and service team leader atPhysician Family Financial Advisors. Ben shares his journey from a pivotal childhood lesson in suburban Texas to becoming a financial advisor specializing in helping doctors and veterinarians with dynamic financial planning.

Listeners will learn the importance of evolving financial plans, retirement planning, student loan management, and balancing professional and personal life.

Ben's approach emphasizes continuous adjustments and finding joy in one's work, especially in high-stress professions like medicine.

He also discusses the importance of self-education and personal responsibility in managing financial stress and student loans. Ben's mission to support physicians with children highlights his deeper 'why' behind his work.

Key Takeaways:

-Exploring Success: Ben's childhood story of finding a $20 bill amidst aluminum cansand its impacton his work ethic.

-Financial Planning and Retirement Considerations: The necessity of iterativefinancial planning over static plans and finding joy in work.

-Work, Purpose, Family, and Burnout: Balancing work and family, valuingconnections over wealth, and challenges faced by doctors and veterinarians.

-Navigating Student Loans and Financial Responsibility: Managing student loananxiety, the 'tax bomb' of loan forgiveness, and the importance of self-education.

-Discovering the Why Behind Success:Ben's focus on supporting physicians withchildren and insights into his podcast.

Get in touch with Ben:

Website: https://www.physicianfamily.com/Podcast: Physician Family Financial Advisors Podcasthttps://www.physicianfamily.com/blog

LinkedIn: https://www.linkedin.com/company/physician-family-financial-advisors-inc/

Facebook: https://www.facebook.com/PhysicianFamilyFinancialAdvisors/

In this new episode, Jason sits down with Brian Burke, a seasoned multifamily real estate mogul and the President and CEO of Praxis Capital. Brian shares his transformative journey from house flipper to managing over 4,000 multifamily units and raising $300 million in investor capital.

The conversation explores how Brian has navigated various market cycles, particularly the severe downturn in the multifamily market, which he describes as more intense than the 2008 financial crisis.

Brian's expertise in protecting investor capital through turbulent times and his strategic decision-making process provide invaluable lessons for both seasoned and aspiring passive investors.

Key Takeaways:

1. Brian's Journey:

- The transition from house flipping to multifamily real estate around 20 years ago.

- Managing over 4,000 multifamily units, raising $300 million from thousands of investors without losing any investor capital.

2. Market Insights:

- Current multifamily market downturn is described as more severe than the 2008 financial crisis.

- Multifamily pricing has dropped by 30- 40% from its peak in early 2022.

3. Track Record and Investor Protection:

-The importance of a strong track record, especially through various market cycles.

-Brian's approach to protecting investor capital, including dipping into personal funds during challenging times to cover expenses and debt service.

4. Timing the Market:

-Brian's strategy for selling properties during market peaks and buying duringdownturns.

- Insights into market indicators and gut feelings that led to timely exits and entries in the real estate market.

5. Debt Structure and Risk Management:

- The critical role of debt structure in real estate investments.

- Avoiding high leverage and short-term bridge debt during uncertain marketconditions to mitigate risk.

6. Advice for Passive Investors:

- Importance of vetting syndication sponsors' track records and market experience.

www.praxcap.com

IG: @investorbrianburke

Welcome to another enlightening episode of our podcast, where we dive into the inspiring journey of Keith Blackborg from a Certified Public Accountant (CPA) to a real estate titan. Join us as Keith shares his story of building wealth, achieving happiness, and understanding the true riches of life.

- Pursuing Financial Independence: Keith achieved financial independence by age 30, demonstrating that with the right strategies and decisions, it's possible to reach financial freedom early in life.

- Balancing Wealth and Personal Fulfillment: Success can come with a cost. Keith's professional achievements put a strain on his marriage, leading him to make tough choices about what truly matters in life.

- Investment Strategies for All Levels: Whether you're starting with a modest sum or scaling up, Keith discusses how investment strategies must evolve with your wealth, highlighting the importance of a good support team.

- Navigating Oil and Gas Investments: Keith cautions about the potential pitfalls of oil and gas investments and the importance of prioritizing return on investment and capital safety over tax benefits.

Get Started in THE Business of Wealth and find your guide here:

https://www.financialjourney.life/

https://www.facebook.com/keith.blackborg

https://www.linkedin.com/in/keithblackborg/

Welcome to the "Know Your Why" Podcast, where we dive into the personal stories and strategies of those who have successfully navigated the path from traditional careers to extraordinary lives of entrepreneurship and philanthropy.

In this episode, we are joined by Dave Homyak, a former engineer who has redefined success by transitioning from the rigidity of the 9-to-5 to the freedom and impact of real estate investment and entrepreneurship.

Key Takeaways:

1. Strategies for Financial Independence:

- Dave replaced 100% of his engineering income in under two years by strategically investing in short-term rentals in the Smokies.

- Understanding your proximity to financial independence can empower you to make bold career and life decisions without fear.

2. The Power of Partnerships:

- A casual conversation led to the formation of a virtual assistant placement company, showcasing the unexpected opportunities that arise from networking and partnerships.

- Aligning with others who have complementary strengths can create new ventures and significantly enhance your success.

3. Impact Beyond Wealth:

- Dave emphasizes the importance of using wealth for philanthropy, like funding anti-trafficking operations, highlighting the fulfilling aspects of giving back.

- Success is not just measured by the balance sheet but also by the ability to make a meaningful impact on the world.

4. Challenging Personal Growth:

- Pushing physical and mental limits through activities like endurance races and climbing Mount Kilimanjaro leads to personal growth and fulfillment.

- Embracing challenges outside of one's comfort zone can have a transformative effect on all areas of life.

5. Leveraging Virtual Assistance:

- Virtual assistants can streamline your business operations, increasing productivity and freeing up time for creativity and family life.

- The virtual assistant placement company born from Dave's needs now helps other entrepreneurs maximize their time and simplify their lives.

Connect with Dave:

www.TheRockstarVAs.com

https://www.facebook.com/dave.homyak/ https://www.linkedin.com/in/david-homyak-9827a211/

Welcome to a heart-touching and insightful episode where we're joined by Jennifer Evans, a seasoned veterinary professional and an inspiring "veterinary optimist."

In this deep dive into the ups and downs of veterinary careers, we discuss the passion that fuels the profession, the burnout that too often follows, and the hopeful path to industry renewal.

Key Takeaways:

- Passion Can Lead to Burnout: Jennifer shares her personal journey, starting in veterinary medicine at a young age and eventually experiencing burnout that led her to pivot to industry work. Her story is a testament to the passion that drives many in this field and the burnout that can ensue from its intense demands.

- Industry-Wide Rejuvenation Is Needed: We discuss the pervasive sense of discontent among veterinary professionals and explore the need for a cultural revolution in veterinary practice that values resilience, support, and solidarity.

- The Weight of Expectations: Delving into the daily grind of veterinary practice, we talk about the financial and emotional challenges faced by professionals, including the need for fair compensation and the necessity to adapt to the evolving world.

- Communication Is Crucial: Conflict and misunderstandings are part of any workplace, and veterinary clinics are no exception. We touch on the importance of understanding communication styles, empathetic interactions with pet owners, and managing conversations to avoid unnecessary stress.

- Mentorship and Training Are Key: Reflecting on the transformative power of positive influence, we discuss the role of mentorship and training in building a brighter future for veterinary medicine.

- Personal Optimism Drives Change: The episode wraps up with an emphasis on personal optimism and the power of understanding one's "why" in fostering a supportive and fulfilling workplace culture.

https://www.linkedin.com/in/jennifer-evans-b635a052/ the_veterinary_optimist

https://open.spotify.com/show/23kL2DTKys3sZjEFBSaaHT

In this episode, we sit down with Jon Jasniak, a visionary who has made a name for himself in the world of land investing. Jon walks us through his extraordinary path from learning about land investment through a podcast to owning a whole town.

His insightful strategies and practical advice will enlighten both new and seasoned investors about the potential of land investing and the power of a strong social media presence.

Key Takeaways:

1. Land Investing Success:

- Jon shares his initial steps in the land investment world and how his first deal in Hudspeth County sparked his career.

- The importance of market dynamics, and how Jon has adapted to the increasing competition within the land investing landscape.

2. Strategies for Subdividing Land:

- Learn about the considerations when selecting land for subdivision and how to target high-demand areas near growing cities.

- Discover the benefits of selling directly to end consumers and how it can be more profitable than dealing with developers.

3. The Unofficial Mayor of Cornudas:

- Jon reveals the surprising delights and challenges that come with owning a town, from the unique inheritance of the property to the potential of creating tourist attractions.

4. Entrepreneurial Spirit and Social Media Influence:

- An exploration of how a strong social media presence can boost your brand and engage your audience.

- Jon discusses his motivations and his "why" in business, emphasizing the significance of creating value and being known for one's expertise.

5. Cornudas’ Potential as a Tourist Attraction:

- Jon discusses his plans to leverage the inherited assets and location to turn Cornudas into a potential tourist hotspot, akin to the Prada installation in Texas.

6. Health and Happiness in Business:

- The balance between business goals and personal well-being, as well as the importance of staying healthy and happy while being busy with multiple ventures.

Connect with Jon Jasniak:

@jonjasniak

@land flipping arbitrage

@jon jasniak on linkedin

Welcome to another episode of the Know Your Why Podcast, where we dive deep into the stories behind success and the strategic insights that fuel it.

In this episode, Dr. Jason Ballara is joined by Luis Melo, who has masterfully transformed his career from a server to a real estate powerhouse specializing in land flipping. Discover the secrets of the California land market and learn how to turn vacant lots into profitable investments.

Key Takeaways:

- Persistence and Adaptation:Luis's story is a testament to the importance of persistence and adapting to market changes. Starting with a successful direct mail campaign, he emphasizes the need for strategic outreach and consistent efforts in real estate.

- The Power of Subdividing: Luis explains the benefits of land subdividing and leaving development to the buyer for quick turnovers. This strategy enables investors to expedite profits without getting bogged down in lengthy development processes.

- Seller Financing Insights: Delve into the world of seller financing, where Luis reveals how it can create passive income streams and contribute to long-term financial stability.

- Educational Outreach:Luis discusses his transition from one-on-one coaching to developing an online course, aiming to equip more aspiring land flippers with the tools for success.

- Legacy Over Personal Goals: The episode highlights Luis's shift from personal achievements to building a legacy and the role of real estate in cultivating generational wealth.

- Team Synergy: Luis acknowledges the importance of building a strong team to complement individual strengths, allowing visionaries to thrive even if they aren't detail-oriented.

Connect with Luis Melo:

www.solidworkproperties.com

In this new episode of the Know Your Why Podcast, we're joined by JP Albano, a former IT professional turned Amazon bestselling author and real estate investor. JP shares his remarkable transformation from a high-paying tech sales career to finding financial independence through real estate, specifically in apartment investing.

Discover the mindset shifts that propelled him from dealing with imposter syndrome to becoming a successful investor and the strategies he employs to overcome industry challenges, including those posed by the COVID-19 pandemic and fluctuating interest rates.

Key Takeaways:

1. Leverage Your Strengths: JP stresses the importance of recognizing and doubling down on your natural talents. His own career transition highlights how embracing one's skills can lead to success in new endeavors.

2. Mindset is Key: Overcoming imposter syndrome is a common challenge for those new to real estate. JP's story illustrates the need for a supportive community and the courage to step into discomfort for growth.

3. Partnerships Matter: Finding a business partner with complementary skills can be a game-changer, allowing for tackling ambitious projects and overcoming the steep learning curve in the real estate industry.

4. The Learning Phases: JP discusses the 'pre-learning' phase, where extensive research takes place, and the 'active learning' phase, which starts with your first investment. Understanding both is crucial for success.

5. Adaptability is Crucial: JP shares his experiences with the changing real estate market and the importance of being flexible with your strategies, particularly in the face of unforeseen events like the pandemic.

6. Take Action: Emphasizing the importance of getting started, JP encourages listeners to immerse themselves in content, learn continuously, and not to be paralyzed by inaction.

https://www.instagram.com/thejpalbano/

https://www.linkedin.com/in/jpalbano/

http://thetechsalesinvestor.com/

Welcome to our latest podcast episode where we delve into the world of real estate innovation with Brian Charlesworth, the CEO of Sisu.

In a conversation filled with entrepreneurial insights, Brian takes us through his journey from the early days of the internet at MCI WorldCom to revolutionizing the real estate industry with cutting-edge technology. Join us as we explore the inception of Sisu, its growth trajectory, and the transformative power of data analytics in sales performance and leadership.

Key Takeaways:

- Inspiration from Challenge: Brian was inspired to create Sisu after witnessing the data management struggles of his wife's real estate team, highlighting that sometimes frustration can lead to game-changing innovation.

- Rapid Growth and Adaptation:Sisu's journey from a sales performance tool to a robust real estate platform shows the importance of pivoting and evolving based on customer feedback and industry needs.

- Industry Integration:Sisu's seamless integration with nearly every CRM in real estate is a testament to its adaptability and the importance of understanding the customer to create a truly useful product.

- Expansion Potential:While Sisu is currently revolutionizing real estate, the conversation with Brian reveals the platform's potential to expand and adapt to other sales-driven industries.

- Leadership Through Technology:Real-time data analytics not only improves sales but also fosters leadership, as demonstrated by the evolution of Brian's wife from a salesperson to a leader of leaders.

Get in touch with Brian:

https://www.instagram.com/sisuhq/

https://www.facebook.com/sisuHQ/

https://www.linkedin.com/company/sisuhq/

https://sisu.co/

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/

In this episode, we dive deep into the real estate investment journey with Culby Culbertson, who shares his invaluable insights from his transition from the oil fields to becoming a property investment maestro. Join us as we discuss strategies, market challenges, and the importance of networking and specialization in the competitive landscape of real estate.

Key Takeaways:

1. The Importance of Networking:

 Culby emphasizes the critical role networking plays in the real estate industry, particularly for those new to the space. The connections you make can lead to partnerships, advice, and opportunities that would otherwise be unavailable.

2. Specialization in Real Estate:

With a vast array of roles and asset classes, Culby advises newcomers to hone in on a niche. Specialization allows investors to become experts in their chosen field and operate more efficiently.

3. Market Volatility and Adaptability: 

The episode discusses how fluctuations in interest rates affect investment strategies and the parallels with the oil industry's volatility. Culby highlights the need for investors to be adaptable and educated to successfully navigate these changes.

4. Impact of Market Shifts on the Wealth Gap: 

Recent economic events have widened the wealth gap, with institutional players capitalizing on opportunities while retail investors grow cautious. The episode delves into how market volatility influences investor behavior.

5. Due Diligence in Investment: 

With a market shift towards caution, the emphasis on thorough due diligence becomes even more significant. Investors need to scrutinize deals more carefully and understand the risks and strategies involved.

6. Future of Interest Rates and Investment:

Culby shares his perspective on the likelihood of interest rates stabilizing rather than decreasing significantly. This new normal requires investors to adapt their expectations and strategies accordingly.

Get in touch with Culby:

https://www.linkedin.com/in/culbyc/

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/