It won’t take very long when you start to become a business owner, you start to realize, “Wait a minute, I kinda own a job”. You’re in the very same rat race you wanted to get out of, even when you’re making more money!  Watch this video to learn more about what makes entrepreneurship a rat race and how you can get out of it so you can become stress-free and financially independent!  Key Talking Points of the Episode [00:00] Introduction [01:30] Why do most people become entrepreneurs? [02:20] What does entrepreneurship really look like? [03:37] Start getting things under control  [04:10] Make sure you have profit [06:32] Should you live cheap?  [07:01] The entrepreneur’s mindset [08:35] Why should profitability be your priority?  [10:15] Why should you come from a place of mission?  Quotables  “I became an entrepreneur just out of college. My whole goal was to learn how to be a business owner so I can consult people on businesses.”  “I dropped out of college with one class to go to get my bachelor’s in Sociology and I decided I’m gonna take that entrepreneur path.” “I wanted freedom, I wanted the control of my time, how much money I make, and my life, essentially. So that’s the path I took.” “Don’t live cheap. You don’t have to cut out your entire life and delay gratification. Don’t get caught in that trap. What you wanna do is make sure you actually take that money and have money extra over.”

But after his first investment deal, he realized that the process took weeks and he knew there had to be a better way, and that’s when he started Alto. Alto is a company that helps people invest in alternative investments including digital currencies like cryptocurrency and be able to take control of their IRA money and their future. Key Talking Points of the Episode [01:32] Who is Eric Satz? [02:33] What does Alto help people with?  [04:05] What is Eric’s background? [10:00] What was Eric’s vision for a self-directed IRA? [11:10] Should you be investing in mutual funds? [12:12] How does Alto help your investments? [15:09] What should you know about investing in artwork?  [16:16] What can you do with technology and investment platforms today? [19:48] How can Alto help you if you have your own deal flow? [21:17] What did Eric want to change as a customer?  [23:13] How can you get started with Alto?  Quotables “At Alto, we help individuals invest their retirement savings in alternative, non-traditional assets - things like private equity, venture capital, real estate, artwork, collectibles, crypto assets.” “We’re trying to make sure that people have choices and options when they get to that age.” “By the way, I’m not anti-public company, I’m not anti-public stocks and bonds - I just think that 60/40 is overrated and dead.” “The point is to have a portfolio because there are gonna be winners and losers, but you want your winners to be big winners, continue to invest in your winners, and you want your losers to be relatively contained and small, and that’s just the way portfolio construction works.”

I’ve been planning to talk about this for a while now and since there’s more people talking about it, we need to talk about it too.  Watch this video to learn about the dangers that are threatening your money, how they are threatening your money, and what you can do to keep yourself safe from them!  Key Talking Points of the Episode [01:45] Why do we need to know what the killers are?  [03:24] What does the government have to do with it?  [04:08] Where does the money come from? [04:40] What options does the government have? [06:15] What drives prices through the roof? [07:23] How does socialism affect healthcare? [08:10] What should you be looking at when it comes to inflation rates? [08:28] Why do we have overvalued stocks? [10:03] How will Baby Boomers affect the market?  [11:50] What’s going on with the supply chain?  [12:54] What is the situation with unemployment? [14:04] How does technology affect inflation?  [17:20] What should you do to have more certainty?   [18:35] Why do you need to start preparing now?  Quotables “We’ve got government spending that’s been out of control. Think of these bills that they’re trying to create, spending trillions more dollars. We’ve already run it up - about $10 trillion in the last few years.”  “We’ve never spent that much money that fast, and 2020 didn’t help. So much money being spent, being charged, and taxes are still at the lowest rate.” “You want a return of your money first and foremost, you wanna protect your money, and then get a return on top of that.” “What we’re saying is that you can get lower risks and higher returns without having to gamble in markets.”

In today’s episode, I have special guests who have overcome the scarcity mindset to start alternative investing. We’re joined by my clients Michelle and Joel from Minnesota and they are here to talk about their journey as they find new hope for financial freedom. Michelle and Joel are clients with Money Ripples, and they’ve done a bang-up job, even on leveraging their whole life with infinite banking to double their investment earning power. Watch now to learn about their life, what led them to Money Ripples, and how they’re doing today! Key Talking Points of the Episode [00:00] Introduction [02:26] Who are Michelle and Joe Ostrom? [03:30] Balancing life in general [04:04] What was money like for Michelle and Joe while growing up? [07:29] Praying to God about their situation [10:03] What was it like working with Chris Miles? [11:00] The change in mindset from content from Chris [12:55] Meeting Ron Phillips at one of his events [13:48] What Michelle and Joe have done since 2019 [15:16] What did the numbers tell Michelle and Joe? [17:01] Dealing with emotions and mindset  [18:05] What I pray for [18:41] Going to Utah from Minnesota to meet Chris Quotables “We got a lot of people that are homxeschoolers in this group, it’s amazing how many more people that I’ve talked to are becoming homeschoolers as well, and trying to balance that.” “You had several calls with us before we actually signed papers with you, and you were very patient with the scarcity and fear that was very, very real.” “That’s what I always tell people - it always requires faith, no matter how logical it seems to make the decision, there’s still that emotional part.”

Money without a mission is merely materialism. If you don’t have a true mission behind your money, if you’re not looking for a way to create a good impact on the lives of others, you’re just trying to have a lot of money and be comfortable, that’s great but the truth is, it’s just materialism. You need to have a mission to build a legacy that will have a great impact on other people’s lives. Watch this episode to learn more about the importance of legacy and how you can create one for yourself! Key Talking Points of the Episode [00:00] Introduction [01:41] The conversation that led me to think about legacy [02:37] What is money without a mission? [03:06] What I realized in 2006 [04:58] The plane wreck in June of the same year [05:45] What happened during the funeral service? [08:01] What was the first goal I had? [08:57] Deciding that I was finally going to do it [09:18] Joining Garrett Gunderson’s company [11:05] Creating your legacy in your own way [12:50] What will people say at your funeral? [14:10] What should you focus on? Quotables “A friend was talking about his father who had passed away. He didn’t have a lot of wealth, he didn’t have a lot of money, in fact, he was a butcher. He wasn’t anybody of great financial stature like his son, but the impact he made on the community was tremendous.” “I don’t know what that is, I don’t know what that looks like, but I know I feel like somehow I’m passing the torch from what this guy was passing on.” “That one guy, Les Maguire, sparked something in me. He wasn’t just making money, even though he was great at that, he was teaching.”

Our core values, the things we live by, are built from a community we’re part of and that’s what our special guest, Jason Medley, is here to share with us.  Jason Medley is the brainchild, the guy, the connector, behind Collective Genius. He is a big inspiration behind our core values at Money Ripples today and for many other businesses out there.  Key Talking Points of the Episode [01:42] The Money Ripples culture [03:34] How did Jason get involved in real estate? [05:07] Realizing how far The Collective Genius has come [08:10] The importance of defining core values [10:26] How do you find the right people? [12:02] Focusing on your strengths [13:05] Learning to underwrite people [15:32] How do you create a community like CG? [16:55] Having the desire to change people’s lives [17:20] Pick a date and a location [19:42] Do you need to pick a niche? [21:04] The mastermind principle [24:34] Be an embodiment of your culture [28:24] CG Select Core Objectives [30:04] Learn more about Collective Genius Quotables “That’s what CG provides, not just for me. I set the culture and you guys do the majority of the work.” “We always say we put a lot of bulls in the same pen and pretty much walk in the same direction, nobody gets poked with the bull’s horns.” “They’ll wanna help you accomplish that vision as long as you help them accomplish theirs.” “I’m involved in a lot of them, but more so in a connecting-the-dots perspective. I know the players, but I don’t necessarily understand deeply from a structural standpoint, so in order for me to focus on my strengths, that means I gotta be good at underwriting human beings.”

Inflation can kill your savings and that’s why you have to be strategic and diversify it. There are many ways you can make your money work for you without losing it to inflation!  Watch this video now to learn more about the strategies you can use to diversify your income the way I do it so you can continue generating income no matter what the economy looks like! Key Talking Points of the Episode [00:00] Introduction [01:57] How will inflation affect us? [02:53] What should we do?  [03:50] Liquid Savings [04:43] What my emergency fund looks like  [06:37] AHP Title [07:18] What do you do with the rest of your money? [07:52] Investing in tertiary markets [09:22] Being safe even through a crash [10:12] Focusing on income generation [11:02] Boring is sexy [12:18] Why depreciation doesn’t matter in my investments Quotables “I’m not saying that it’s gonna be hyperinflation, I’m not talking about like Germany in the 1920’s or Zimbabwe or Argentina - I don’t think it’s gonna be that extreme.” “If anything, I think there’s gonna be inflation possibly followed by stagflation.” “Everything is always different. Nothing ever repeats the exact same way.” “I’m just gonna say stay away from that kind of stuff, especially if in an instant it can be gone. Do not get caught up in that kind of hype.” “I love leverage and I like to do that, but I like to keep my money liquid. I like to keep it safe because more important than getting return on your money is getting return of your money.” “It’s not just about trying to get your money to work for you, it’s about doing it in the right order, in the right way.”

One thing that almost, if not all of us struggle with is getting those tasks we don’t need to be doing off our plates and that’s what today’s special guest, Michael Marcial, is an expert with.  Michael is a long time entrepreneur and has achieved success in teaching others. He has been featured in many publications like Forbes and Inc. Magazine for his unorthodox methods and he teaches high level coaches, speakers, and entrepreneurs how to leverage so they can gain more time and revenue in business, while doing so much less. Listen now to learn more about the things that are keeping you from doing what you love most, what’s slowing your business down, and how you can take that one thing away! Key Talking Points of the Episode [00:00] Introduction [02:52] What was it like for Michael to be almost homeless? [03:48] Michael’s defining moment [04:29] How Michael got into the business [05:28] What is Michael’s business about? [06:42] How can people make more in less time? [11:20] What does Michael’s business help with? [14:05] Why do people hesitate to outsource? [15:00] The paradox of having a business [18:50] Building and leveraging teams [19:34] How did Supercoach start? [20:14] Overcoming the biggest obstacle [20:52] How can you contact Michael? Quotables “Here’s the fun part - it can be a lot of things and I always look for the philosophy or the strategy, what overall I should do.” “We have to be comfortable with letting the professionals, people who are amazing at this stuff, actually take this off our plate.” “Our philosophy is just to keep you sitting in the driver’s seat, in that authority position, let us use our super power in the service of yours.”

I can do that and life would be so much easier, but at the end of the day, it’s not about having an easy life. It’s about having a life lived well.  I believe that my blessings aren’t given to me just for my own benefit and that’s why I do everything I can to share what I know and help people retire earlier and more comfortably.  Watch this episode to learn more about my reasons for being here for you, what I want to change, and how your life can be changed in the process too!  Key Talking Points of the Episode [00:00] Introduction [01:33] Why do I do what I do? [02:28] Why do I care about what you do? [04:15] Breaking the mold in the financial space [05:26] My experience as a financial advisor [08:31] At what point do we say enough is enough? [09:41] Running the numbers as a financial advisor [15:33] When things shifted for me [16:14] Focusing more on a passive income plan [17:00] Why you need to retire quickly [18:10] The kind of blueprint that you need [19:26] My challenge to you for your retirement Quotables “The traditional way of looking at money was being taught to us by financial institutions passed on through financial advisors to you.” “The best thing you can do is fire your financial advisor. If you’ve got one, you’ve got a traditional mainstream advisor, fire them.” “In their little retirement brains, they can’t even think of retiring early. They can’t think of retiring in the next 5 or 10 years.” “If you keep doing the same old traditional stuff, you’re gonna get the same old ordinary results.” “It requires effort. It requires you to think differently and do things differently.”

There are tons of options out there for you and that’s what our guest, Stephanie Walter, is going to share with us today too. Stephanie Walter is the CEO of Erbe Wealth. She’s a capital raiser, syndicator, and real estate investor who just recently retired and sold her insurance agency of 16 years by following key principles that she is also teaching other professionals to use. Watch now to learn more about another alternative investment option you can take advantage of, how you can use it in syndications, and what you should expect from it when you do it! Key Talking Points of the Episode [00:00] Introduction [01:31] Who is Stephanie Walter? [02:24] What is Stephanie’s background? [03:40] Stephanie’s journey into real estate [04:48] Finding her partner in business [09:57] What is a 1031 Exchange? [10:34] What can you exchange your property for? [14:02] Looking at your cash flow and equity [15:58] How do the properties do during recessions? [18:00] How can you follow Stephanie? Quotables “I loved the idea of kinda like a group of people buying something that no one could do on their own.” “I completed my first syndication in 2018 by myself, and realized that I never ever want to do that by myself ever again.” “A 1031 Exchange is what a lot of people that own rental properties can use to avoid paying the capital gains tax.” “I think where most people get tied up and confused is actually, you can exchange your property for anything. A lot of people think, “oh, it has to be the same property”.” “It could be anything. You can exchange your regular rental into land, into anything that’s a real property.” “It makes sense to sell it so they can make a much higher cash flow.”