Life and Money Show

Creating Wealth in Real Estate Investing

[00:18:33] I wouldn't even know that this is possible unless I saw somebody else doing it, and for me it started when I was playing Monopoly as a kid…this is the life lesson. You start with land, you build houses, collect rent and then you go to hotels and you just keep getting there and it was fun. The first syndication I actually invested in was with you, Annie, in the hotels…so I got to play Monopoly in real life.

[00:25:51] I want to make sure I'm making money every single month, a way to have value add, like forced appreciation…all these things are in my mind as I'm going through any specific deal—could be multifamily, could be a single-family home. 

[00:43:06] I need to serve people and move on. It's hard for me to really drive it home that this is literally the only way that I make money anymore. It’s the only thing I want to do in any business, because I make other people's lives better and I make my life better from it too. 

Connect with Dustin Heiner 

Website - https://rewbcon.com/  Use Promo code GOODEGG for 10% off

Instagram - @thedustinheiner

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Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

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The Life & Money Show Financial Wellness Blueprint

1. Define what financial wellness means to you.

2. Figure out the big rocks in your way.

3. Get familiar with your money.

4. Create short-term and long-term goals.

5. Give yourself permission to do something with your money that feels good.

Holistic Approach to Financial Wellness 

[00:09:50] Wellness is really that relationship between you and your money and how you feel about it and how it impacts your life, because I know times in my life when I had very little in the bank account, but I felt really good about my money and where I was at and where I was going. 

[00:20:52] There's billionaires who never feel like they have enough. And so to be able to define what is enough for you and start to think about how the world is abundant around us instead of scarce, again, that's not just looking at the problems, it's looking at the solutions and other opportunities around us. 

[00:28:04] Because your vision of financial wellness today might be different from what it was back in your 20s, or what it will be 10 years from now, 20 years from now. So, it's good to continually reflect on what financial wellness might be. 

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Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

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Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

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Integrating Intellect and Intuition

[00:13:51] I really believe the things that come into our life, you could look at it like your life movie, are there to help provoke you to grow, to change, to shift, maybe to bring something forward that you need to see, that you wouldn't otherwise experience if you didn't let yourself just be in it. 

[00:19:41] We all have these unique gifts and soul missions and soul purposes that are embedded in us, and I really, truly believe one of the biggest things that we're supposed to do while we're here is to go find it and to live into it.  

[00:38:53] And so now I do make sure to find at least one to two minutes where I can just check in with myself. Sometimes it's one sip of coffee in the morning just to anchor myself and…say I'm here, my feet are on the ground because we're operating from a place of disembodiment all the time, we don't even realize it.

Connect with Kim Knievel 

Website - https://www.kimknievel.com/

Substack - https://kimknievel.substack.com/

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Creating a Meaningful Business 

[00:18:35] I do believe that it starts with that intention, like I mentioned the five years prior of knowing this is my path, but releasing the how of getting there.”

[00:34:01] I had to figure out and think about how am I defining my worth, and how am I making money? What are my streams of income? How am I managing my money after I get it and ensuring that I'm articulating my value to clients?

[00:43:05] I have a high-yield savings account that I put all of my money for taxes for our best friends at the IRS into, and then allow that to make extra money while it's sitting in there. And it has been the best thing for me and my business.

Mentioned in this episode:

Subtract: The Untapped Science of Less, by Leidy Klotz

Connect with Whitney Popa

Website - https://www.popaandassociates.com/

Independent Press - https://www.ourwestpress.com/

A Wave Called Grief Book - https://www.ourwestpress.com/books

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Three Key Actions for Financial Freedom:   

1. Clarify Your Vision: Define what financial freedom and a life by design mean to you.

2. Daily Check-In: Ask yourself if you're closer to your vision today than you were yesterday. 

3. One Action a Day: Identify one thing you can do each day to move closer to your vision.

The Art of Simplifying

[00:02:48] We're all conditioned to add more, to build bigger as a business owner, to scale faster, to add more team members. But sometimes the solution actually lies in subtracting and taking things away.

[00:28:09] Start keeping a stop doing list and just start putting some things on there that you know you don't want to do anymore. Maybe you don't know how to stop doing them yet, but you can start strategizing about how to get them off your list.

[00:38:09] Nobody goes from zero to financial freedom like that. Everybody does it step by step by step. And the more that you do it, the bigger those steps will get, that you'll be able to make bigger strides faster because you'll have that momentum behind you.

Mentioned in this episode:

Subtract: The Untapped Science of Less, by Leidy Klotz

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Three-Part Exercise for Managing Financial Anxiety 

1. Fears: List all your fears related to a financial decision.

2. Opportunities: Write down all the positive possibilities that could result from the decision.

3. Strengths: List your strengths and why you are capable of making this decision.

Building Confidence in Financial Decisions 

[00:20:54] But the information is out there. And so in many ways, the power has shifted. It's no longer with that one person who holds all the power and the wisdom, but it's in your own fingertips, and it's really about you taking the time to go and find the information. 

[00:26:24] This transition, this wave will start to bring money into the light a little bit more, rather than in the dark corners where it's been for so many generations, but bringing it out into the open a little bit more…makes it not so scary of a topic. And it also makes us all feel a little bit less alone in the money worries and the money stresses that we may be experiencing. 

[00:30:51] Because a big part of making your investment, your first investment—yeah, it's about the money—but really it's about investing in you, yourself, your own possibilities, your own skill set, your own knowledge, your own wisdom. 

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Advice for Aspiring Investors 

• Seek out a community that provides support, shared knowledge, and confidence to help you navigate real estate investing.
• Take the time to understand each investment and ensure it aligns with your financial goals and risk tolerance.
• Remember real estate investing is a long-term journey with a goal of achieving financial independence and living life on your own terms.
• Share your knowledge with your family and friends, reminding them they don’t have to follow the conventional path.

Navigating Real Estate Investing 

[00:22:37] If you want to be an effective real estate investor in passive syndications, you need a community... so you have other people you can talk to, share information with. And that's really the core of real estate investing for me.

[00:35:28] You really need to do your own due diligence. You need to check and make sure you're comfortable. You can't invest based on someone else's recommendations, but the community is there to help you make that decision.

[00:40:13] I want to encourage the kids to enjoy themselves along the way, not to save it all for old age and retirement. Enjoy the journey while continually trying to grow your wealth to support that journey.

Connect with Jim Pfeifer 

Website - https://www.leftfieldinvestors.com/

Podcast - Passive Investing from Left Field

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Mindset and Long-term Impact 

• A positive mindset is crucial for overcoming challenges and achieving long-term success.
• Keep moving forward even when feeling afraid. One more phone call could lead to the opportunity you’ve been waiting for.
• Make a conscious effort to integrate healthy habits now so you don’t have to pay for it later.
• Investing in the next generation through mentorship and education can create lasting positive change.

Embracing Fear and Positive Habits 

[00:19:25] There's no time when I was like, oh, I got this. I'm not scared. I was scared all the time. But I was more scared of being stuck or going back in my life based on where I'd already brought myself to.

[00:38:08] To have a good life, you need to have good health, and people spend their health getting their wealth, and they spend their wealth buying back their health. So we're trying to stop that right now.

[00:42:29] "Your mindset is your best friend or it's your worst enemy. If you let it take over, you won't do anything because your mindset won't let you. And if you just retrain yourself... it took about two years to retrain my brain. Every time a negative thought came in, I replaced it with a positive thought." 

Connect with Dwan Bent-Twyford

Website - https://dwanderful.com

Instagram - @dwanderful

Podcast - The Most Dwanderful Real Estate Podcast Ever

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

Career Trajectory and Personal Goals 

• Early career guidance from mentors can significantly shape professional growth and approach to challenges.
• Asking direct, ambitious questions can set a strong foundation for career advancement.
• Understanding financial tools is key to creating generational wealth and having a broader community impact.
• Continuously striving for work-life balance is vital for personal well-being and professional satisfaction.

Navigating Finance and Freedom 

[00:04:23] I wasn't afraid to meet things head-on. I wasn't afraid to be in a difficult position, and I wasn't afraid to voice my opinion. But I learned how to listen and how to navigate the conversation so I was able to be heard amongst my peers or people who were just in higher level positions than I was.

[00:20:54] I'm not thinking about what ceiling I'm going to hit. I'm thinking about how I can free myself and free those around me and spread this to other people because financial literacy is so important…it truly changes people's lives in generations to come, and it can be used for good and for impacting our communities around us. 

[00:39:28] I'm really learning how to prioritize myself and really kind of take the time to rest, not feel like I have to constantly be on and solve every problem, to serve everyone all the time.

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments

• Roots and Rewards of Starting Your Own Side Project
• You must have clarity of purpose to face the inevitable challenges of side hustling.
• The opportunity to learn new skills and turn them into side hustles is more accessible than ever.
• Surrounding yourself with a network of peers can accelerate learning and open doors to monetization opportunities.
• Determination, adaptability, and resilience play a significant role in the pursuit of a rewarding side venture.

The Essence of Successful Side Ventures 

[00:02:18] If a tree didn't have strong roots in the ground and the wind swayed, the tree would fall over. The why is your root into the ground, to make sure that you know why you're doing this, so whatever wind comes, whatever storm comes, you can hold true to that. 

[00:08:13] It makes such a big difference when you have to do something versus when you choose to do something because none of us wants to be faced with that decision of creating this side hustle when you have to do it. 

[00:31:27] Something happens when you step outside of this box, of your W-2 job, and what society has told you is the thing, the path. And something happens. It's just like a little crack in your brain opens up and you're like wait a second, if I can make money doing this, what else can I do? 

Thanks for listening, and until next time, keep investing for good!

Audio/video editing and show notes by Podcast Abundance. Find out how they can help you too by visiting www.podcastabundance.com/services

Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest
 

Now OPEN: 71-unit multifamily investment in Phoenix, AZ https://goodegginvestments.com/north

Connect with Goodegg

Website - https://goodegginvestments.com/

YouTube - @Goodegginvestments

Instagram - @goodegginvestments