Millionaire University

Summary

In this episode, Justin Williams talks to Jason and Pili Yarusi about their journey and experiences in the world of commercial real estate investing. The Yarusi's began working in the restaurant and bar industry, moved to house moving and flipping, before venturing into large-scale multifamily investing back in 2016 and have since acquired a significant real estate portfolio. They discuss how to make the transition from single-family homes to apartment buildings and share insights into establishing broker relationships, understanding the difference between active and passive investing, and the importance of mentoring. They also delve into the importance of understanding the dynamics of taking calculated risks, seeking a business-savvy network, and the tax advantages investment properties offer. Furthermore, they delve into the different opportunities available for both accredited and non-accredited investors. To have a successful and thriving real estate business, The Yarusi's emphasize the significance of constantly learning, taking action, building relationships and educating oneself.

Links

https://www.yarusiholdings.com/

https://www.costar.com/

https://cre.moodysanalytics.com/

https://www.yardi.com/products/matrix/

Time Stamp

00:00 Introduction and Background

00:42 Guest Introduction: Jason and Pili Yaroussi

01:47 Journey into Apartment Investing

02:06 Transition from Restaurant Business to Real Estate

04:00 Challenges of Running a Construction Business

04:25 Transition into Real Estate and House Flipping

05:17 Scaling the House Flipping Business

05:58 Venturing into Large Multifamily Investing

08:48 The Power of Networking and Mastermind Groups

14:47 The Benefits of Commercial Investing

17:52 The Process of Finding and Acquiring Properties

19:24 Establishing Contact with Property Owners

19:35 Broker Relationships and Direct Marketing

20:36 The Role of Brokers in Property Acquisition

20:56 Finding Opportunities through Various Channels

22:08 Understanding the Market and Building Broker Relationships

24:12 The Importance of Real Estate Resumes and Mentors

25:05 The Role of Sponsors in Property Acquisition

25:44 Sourcing Deals and Becoming an Acquisition Specialist

26:06 Active vs Passive Partners in Property Investment

26:14 Understanding the Role of Limited and Active Partners

28:45 The Potential of Passive Investing

32:12 Understanding the Concept of Accredited Investors

34:06 The Importance of Building Relationships with Investors

35:42 The Journey to Success in Business and Investing

36:58 The Importance of Planting Your Financial Tree

38:59 Closing Remarks and Future Plans

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Podcast Summary

In this episode, Justin Williams and Derrick Williams explore strategies for getting the most out of passive investments and maximizing tax savings on investment and income returns. They also share personal experiences and lessons learned from various investment opportunities, particularly in real estate. They delve into the importance of due diligence in investing, utilizing tax benefits, depreciation, syndications, and 1031 exchanges. Throughout the discussion, caution is emphasized on the high levels of risk associated with investments, and the need for individual research and decision-making. Approaches to future tax planning and tax-related implications of investments are also discussed extensively.

Disclaimer: The following is for informational/educational purposes only. We do not claim to be tax or legal professionals and the information should not be taken as such advice into what you should do in your personal situation. Always consult your personal CPA or Attorney. All investments have risk. Past performance does not indicate future results. Never invest what you can't afford to lose. Some of the things talked about in this episode are things we're just looking into and still learning on our own. Nothing should be taken as factual without doing your own due diligence. Links shared here are only for convenience purposes but please do your own due diligence before considering working with anyone.

Links and resources from this episode

https://www.7figuremultifamily.com/

https://zonacapitalgroup.com/

https://odcfund.com/

Podcast Time Stamp

00:00 Introduction and Disclaimer

01:16 Welcome to the Millionaire University Podcast

01:24 The Importance of Investing and Growing Your Business

01:50 Sharing Investment Experiences and Opportunities

02:51 Invitation to Derrick for Sharing His Investment Strategies

04:41 Derrick's Investment Journey and Strategies

05:19 Exploring Different Investment Opportunities

06:08 Understanding the Concept of 1031 Exchange

07:36 Investing in Open Door Capital

09:58 Understanding the Concept of Syndications

13:03 Strategies to Save on Taxes

16:34 Investing in Banks for Better Returns

19:31 Bill Allen's Influence on Derrick's Investment Strategies

21:08 Considering Real Estate Investments

21:20 Understanding Tax Benefits of Real Estate

23:17 Strategies for Tax Savings

23:50 Exploring Section 179 Deduction

24:08 The Role of a CPA in Tax Savings

25:08 Investment Opportunities and Accredited Investors

27:55 Tax Benefits of Living in Puerto Rico

32:30 The Impact of Real Estate Investors on Communities

33:35 The Role of Entrepreneurs in the Economy

35:14 Investing in Startups

36:31 Appreciating Collaborations and Networking

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

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In this episode from the Millionaire University, Tara Williams opens up about her successful journey that took her from earning $40,000 a year to making a seven-figure income as an entrepreneur. By building and selling businesses, Tara and her husband Justin have been able to afford both financial stability and lifestyle flexibility, even allowing them to travel the world with their children while conducting their latest venture, Millionaire University, a platform created to educate and inspire budding entrepreneurs.

The podcast also brings on Kirsten Tyrell, a friend, recurring guest and an entrepreneur inspired by the Williams' journey. The conversation revolves around the challenges and triumphs of pursuing entrepreneurial dreams, finding balance between business success and personal well-being, and the importance of continually pushing oneself out of their comfort zone.

Tara explains how their entrepreneurial journey has not only brought financial rewards but also personal growth and an understanding that true happiness comes from within, not just financial success.

In this episode we discuss...

00:00 Introduction and Personal Journey

00:16 Traveling in New Zealand

00:52 Guest Introduction: Kirsten Tyrell

01:20 Guest Introduction: Tara Williams

04:40 Tara's Traveling Experience

06:24 The Decision to Sell Everything and Travel

08:35 The Challenges and Rewards of Travel

09:45 The Impact of Travel on Personal Growth

25:39 The Journey to Financial Freedom

27:47 Starting a New Business: Millionaire University

29:27 The Courageous Journey of Entrepreneurship

29:36 The Exponential Growth of Business

30:21 The Birth of Millionaire University

31:41 The Power of Entrepreneurship

32:06 The Journey of Homeschooling and Entrepreneurship

34:32 The Evolution of Millionaire University

35:10 The Impact of Entrepreneurship on Personal Growth

36:58 The Power of Decision Making

42:51 The Role of Money in Personal Growth

47:34 The Journey of Self-Discovery and Entrepreneurship

50:16 The Wisdom Gained from Entrepreneurship

51:39 The Future of Millionaire University

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Copywriting is an AMAZING option for starting your own work-from-home, freedom-fulfilling job, but not enough people know about it! Copywriting is everywhere and utilized in some fashion by EVERY company (even if we don't realize it). There are so many different avenues in copywriting -- different ways to leave your mark and do incredible work for so many different people, companies, or brands.

In this episode, we are joined by professional copywriter Sara Estes, the head copywriter at StoryBrand. Sara pops the lid on the copywriting industry and shares her 6 steps to how you can go from a copywriting zero to a copywriting hero and business owner in fairly short order. Let's go!!

Be sure to check out this episode in article form as well!

00:01 Introduction and Guest Background

00:54 Sarah's Journey into Copywriting

02:19 Understanding Copywriting and Its Importance

03:15 Differences between Copywriting and Content Writing

06:04 The Value of Copywriting in Business

07:45 Educating Yourself in Copywriting

10:39 Building a Portfolio in Google Drive

13:54 Gaining Experience and Collecting Testimonials

19:00 Taking Your Copywriting Business Seriously

20:35 Effective Project Management for Copywriters

22:08 The Power of Loom in Business Communication

22:43 The Importance of Personal Connection in Copywriting

23:10 Tools for Organizing Your Work

24:03 The Role of Software in Entrepreneurial Organization

24:39 Mastering the Art of Selling Your Services

27:04 Overcoming Sales Challenges

32:33 The Importance of Building an Email List

32:55 Creating Authority Content and List Building

34:23 The Value of Authority Content and List Building

38:11 Final Thoughts and Advice for Aspiring Copywriters

Learn more by checking out this blog post about 6 Steps to Becoming a Freelance Copywriter

Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices

One of my favorite strategies is to either use software in an existing business or start and sell a software or SaaS product of your own. The possibilities are ENDLESS!

In this lesson, I speak with my good friend and business partner Trey Richards, who is one of the best software developers and just all around one of the smartest people I know and we discussed how to use software to either start a business or grow an existing business. Check it out!

00:00 Introduction and Personal Updates

01:45 The Power of Software in Business

02:28 The Magic of Software Development

03:38 The Importance of Mindset in Software Development

04:38 The Difference Between a Hammer Swinger and an Architect in Software Development

11:45 The Journey into Software Development

19:10 Understanding Different Types of Software

28:40 The Value of Owning vs Using Software

31:31 The Unique Scalability of Software

33:37 The Power of Software Development

33:53 Understanding the MVP Model

34:27 The Lean Startup Approach

35:14 The Importance of Scalability in Software

36:11 Building a Successful Software Company

36:41 The Reality of Starting a Software Company

37:08 The Journey of Five Oak

40:00 The Importance of a Business Plan in Software Development

43:56 The Potential of AI in Software Development

45:12 The Role of Software in HR

54:45 The Potential of Developing a Better Slack

57:54 The Importance of Choosing the Right Developer

01:00:55 The Power of Taking Action in Business

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

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In the world of marketing, there are countless strategies and tactics at your disposal, each promising a path to success. In this episode, we dive into a unique and highly effective approach: leveraging quizzes to grow your business! 

I recently chatted with my good friend and fellow entrepreneur, Kirsten Tyrrel, about her secret sauce for making quizzes go viral on platforms like TikTok, Instagram, and Pinterest. 

But first, you might be thinking, why quizzes?

According to Riddle.com, quizzes are more than 20X (or 2,000%) better than pop-up email collection forms…and get 400% more engagement (time on site) than other email opt-in sites.

Need we say more? 

So if you're wondering how to create a successful marketing questionnaire, you're in luck. Kirsten broke it down for us, making it easier than ever to craft that killer marketing quiz.

We've also created a super cool article that tells you all the exciting stuff from this episode. You definitely don't want to miss it, so give it a look right here!

00:00 Introduction and Importance of Quizzes in Business

01:18 Kirsten Tyrell's Entrepreneurial Journey

04:35 The Power of Quiz Funnel Marketing

07:12 The Process of Creating a Quiz Funnel

10:08 The Impact of Quiz Funnels on Business Growth

20:24 Balancing Entrepreneurship and Motherhood

26:16 Final Thoughts and Contact Information

Blog Post: 16 Tips for Using Quizzes to Grow Your Business!

Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Aaron Hale interviews me. I share our origin story and the vision of Millionaire University. I share my perspective on picking an avatar and target audiences, and the importance of just taking action. We discuss the Perfect Curriculum for young future entrepreneurs and talk about how to motivate kids toward entrepreneurship.

00:00 Introduction and Thoughts on Hybrid Education

00:13 Traveling in Australia: First Impressions and Experiences

00:46 The Beauty of Australia: Beaches, Wildlife, and Local Life

01:18 Personal Reflections and Meditations

04:33 The Journey of Letting Go and Finding Peace

05:18 Introduction to the Interview with Aaron Hell

05:24 The Inspiring Story of Aaron Hell

07:43 The Adventure of Traveling the World with Family

11:25 The Perfect Curriculum for Entrepreneurship

12:43 The Journey of Starting and Selling a Business

19:32 The Experience of 'Retirement' and Finding Fulfillment

22:57 The Birth of Millionaire University

24:39 Discussing Careers with Children

25:03 Inspiration Behind Millionaire University

25:13 Challenges of Encouraging Entrepreneurship in Kids

25:27 The Concept of Millionaire University

26:21 The Problem with Society's Expectations

26:31 The Need for Change in Education

27:05 The Impact of Entrepreneurship on Family Life

27:23 The Importance of Balancing Work and Play

27:38 Experiences of Raising Entrepreneurial Kids

28:19 The Importance of Practical Learning

29:50 The Power of Improbable Deadlines

30:24 The Concept of Procrastinating on Purpose

31:13 Nurturing the Entrepreneurial Spirit in Kids

34:08 The Ideal Curriculum for Millionaire University

38:01 The Importance of Understanding Business Opportunities

40:44 The Role of Money in Entrepreneurship

41:46 The Target Audience for Millionaire University

45:55 The Fulfillment of Running Millionaire University

49:06 The Importance of Knowing Your Business Numbers

51:35 The Importance of Action in Entrepreneurship

55:49 Closing Thoughts

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the greatest luxuries in life is the ability to make decisions. And the great thing about making decisions is that the more you make them and the more willing you are to learn from them, the better you get at making the right ones. Thus improving the results you get out of life...putting you more in line with the lifestyle you desire to live.

Now yes, no one has full control over how life turns out exactly, that's what keeps it exciting, but you can set yourself up for better options and better results when life throws its curveballs.

So let's talk about 25 tips for making better choices today!

Also, we've put together an awesome, detailed article that captures all the highlights from this episode! Don't miss out and check it out right here! 

00:00 Introduction and Personal Experience in Bali

01:21 The Power of Decision Making in Business

02:20 25 Tips for Making Better Business Decisions

02:42 The Influence of Self-Perception on Decision Making

05:57 The Role of Personal Risk in Decision Making

13:23 The Impact of Your Current Situation on Decision Making

17:35 Improving Your Decision Making Skills Over Time

20:22 Balancing Your Plate When Making Decisions

20:57 Aligning Your Decisions with Your Goals

21:19 Sharing Decision Making to Avoid Fatigue

22:13 The Importance of Communicating Your Decisions

22:53 The Power of Decision Making

23:06 The Impact of Unfulfilled Promises

23:28 The Importance of Persistence

23:42 The Role of Relationships in Decision Making

24:09 The Power of Belief and Persistence

24:33 The Importance of Honesty in Decision Making

25:13 The Impact of Decision Making on Relationships

25:51 The Role of Decision Making in Business

26:17 The Importance of Quality Checks in Business

26:41 The Power of Decision Making in Business Success

27:24 The Impact of Decision Making on Business Standards

29:08 The Importance of Decision Making in Protecting Business and Families

29:54 The Role of Emotional Baggage in Decision Making

31:07 The Power of Tracking Results in Decision Making

31:42 The Importance of Feedback in Decision Making

42:14 The Role of Emotional Maturity in Decision Making

42:55 The Power of Changing Your Mind in Decision Making

45:27 The Importance of Organization in Decision Making

To learn more, check out this blog post: 25 Tips for Making Better Business Decisions

Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, we will discuss 15 side hustles that you can start today with little to no money!

I've never really loved the term "side hustle" I don't love the word hustle and don't buy into hustle culture. And the word side hustle to me has always implied something you kinda did on the side and didn't take too seriously. But my perspective on this term has changed somewhere recently. A few months ago I started listening to a podcast called The Side Hustle Show with Nick Loper. The combination of hearing stories from Nick's guests on different side hustles they have started and interviewing and working with others who have started side hustles of their own either as a way to start their business or as a way to help make some extra income on the side has caused me to be more open to this term and open to the fact that not everyone is wired like me. And for some people that means starting something on the side that can either support their family for a season or later on turn into that thriving scalable business with systems and processes which is what I REALLY love! BUT you gotta start somewhere and for many, that means starting something on the side...

In today's episode, Brien Gearing interviews the Kind of Side Hustle himself, Nick Loper, and they go into depth on 15 side hustles that you can start today! This has been one of my favorite episodes so far and I got a ton of value out of it personally and I have no doubt you will as well!

We also created an in-depth article on everything that was covered in this episode including all the links and resources discussed, so feel free to check it out here.

Hit me up with any thoughts or comments you have on this episode at [email protected]

Enjoy!

00:00 Introduction to Side Hustles

00:32 Changing Perspective on Side Hustles

00:41 Introduction to The Side Hustle Show with Nick Loper

01:24 The Importance of Starting Small in Business

02:34 The Power of Side Hustles: Real-Life Examples

03:25 Interview with Nick Loper: The Side Hustle King

03:51 Exploring Business Ideas: Online Content Business

05:23 The Power of Niche Marketing

09:59 The Potential of Developing a Technical Skill in Marketing

18:30 The Amazon Influencer Program: A New Side Hustle

20:59 The Pros and Cons of Driving for Uber or Lyft

22:06 Exploring Local Home Services as a Side Hustle

24:51 Exploring Side Hustles: Cleaning Services

26:32 The Power of Virtual Assistants

28:52 Unconventional Rentals: A Unique Business Idea

31:08 Investing in Real Estate: Micro Level Opportunities

33:12 Software with a Service (SWAS): A New Business Model

35:17 Bookkeeping and Tax Preparation: A High Demand Service

37:13 Selling Spreadsheets: A Unique Business Idea

38:33 Exploring Etsy: A Platform for Creativity

40:50 Paid Market Research: A Fun Way to Make Extra Money

42:46 Conclusion: Adopting the Experimenter's Mindset

To learn more, check out this blog post: 15 Side Hustles That You Can Start TODAY With Little To No Money!

Sign up for our FREE Business Course - over 300+ new business ideas, also includes the 7 Phases of a business, so you know where you are now and where you need to go next. You'll also get 7 of the most popular marketing strategies and 31 stay-on-track hacks that successful millionaires follow to grow and automate their businesses. Go to https://www.millionaireuniversity.com/training.

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices

This lesson is a real-life coaching call I have with a young soon-to-be father named James Metcalf Jr.

In episode 37, I spoke with James about starting his own business and he recently reached out to me with some struggles he's been having.

We often hear people say "Just take action" but just taking action won't get you the results you want unless it's the right kind of action. In this episode, you'll hear me shoot it on what James needs to do if he wants to succeed with his business. It's one thing to hear me or anyone say "Take effective action" but hearing this coaching call with James might be just the thing to help you better understand what that means and identify where you might need to change something up in your own business. So let's get to it!

I also want to thank James for being so vulnerable and letting us record and use this call so that others who are struggling with something similar can also get unstuck, grow their business, and change their lives for the better.

00:00 Introduction to Successful Business Ownership

00:22 Experiencing Bali: A Personal Journey

01:33 Sales and Marketing Insights

02:19 James Metcalf Jr.'s Story: Struggles of a Soon-to-be Father

02:45 The Reality of Starting a Mobile Mechanic Business

03:28 The Importance of Direct Communication and Honesty

04:13 The Struggles of James Metcalf Jr.: A Candid Conversation

09:19 Overcoming the Victim Mindset

11:46 The Power of Sales and Marketing

13:53 The Reality of Starting a Business

16:47 The Importance of Taking Action

20:59 The Power of Persistence in Business

25:08 Final Thoughts on Successful Business Ownership

26:35 Understanding the Fear of Rejection

26:55 The Power of a Positive Mindset

27:24 The Importance of Embracing Rejection

27:41 The Challenges of Starting a Business

28:32 The Power of Taking Action

29:14 The Importance of Setting Goals

31:53 The Power of Networking and Referrals

33:10 The Importance of Persistence in Business

34:28 The Power of Effective Communication

37:01 The Importance of Taking Fast, Effective Action

38:14 The Power of Resilience in Business

38:22 The Importance of Having a Clear Vision

39:00 The Power of Overcoming Fear

44:24 The Importance of Consistency in Business

44:49 Conclusion: The Journey to Success

To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors.

Learn more about your ad choices. Visit megaphone.fm/adchoices