On The Edge Podcast with Scott Groves

Why do ACCREDITED INVESTORS get access to investments that rest of us don't have access to? WHAT is an accredited investor? Why do ACCREDITED INVESTORS make greater returns with LESS RISK. We've got the guy to answer those questions!!!  

Frederick is an accomplished entrepreneur with more than 25 years of success spanning financial services and technology. He is responsible for founding Creative Capital Wealth Management Group, growing the firm to 15 states, and building a unique retainer-based wealth management program. He also president of Retainer-based Academy LLC, a coaching and intellectual property firm.  Frederick is an innovative leader with a keen eye for unique solutions and vast knowledge in alternative wealth creation strategies. He received his Behavioral Financial AdvisorTM, BFATM for short, certification as of July 2018.  

As a seasoned board member Frederick has held board positions with Phoenixville Regional Chamber of Commerce, The Andy Talley Bone Marrow Foundation, Rotary, Kiwanis, LGBT Equality Alliance, the Phoenixville Senior Center, Cornerstone for Hope, Phoenixville Area Community Services, and the West Chester School of Business Advisory Council. He is married to Elizabeth, has nine-year-old twins James and Abigail. His hobbies include technology, cigars, eagles’ football, and cars (mostly Tesla).  

3:00 - Why do Ivy League Universities need to invest? The investments in colleges go toward their foundations and scholarship programs, and also the investments keep their accreditation status. There are only a few business that qualify to be in an upper tier of status, and many of these colleges sit in this category.   

5:00 - WHAT is an ACCREDITED INVESTOR?  For a person to be accredited, you need to have a certain amount of income or net worth to qualify. Once you qualify for accreditation, the world of investing really opens up to you. As Frederick explains, it’s like being in the same restaurant but you get a different menu when it comes to investing.  

12:00 - What is retainer based planning? What does your company do that makes it unique from other investment companies?   

17:00 - Scott clarify’s exactly what Fredericks company does and he puts it into simple terms. Learn about the advice they give to their clients, which help them invest their money properly while keeping their current investments in themselves active. Things like your business and 401K remain the same, but other income can be dispersed more effectively for passive investment.   

25:00 - When you bring an accredited investor idea to a client, what exactly are you referring to? What are these investments and why haven’t most people heard of them yet? Who can access them?  

46:45 - How does inflation play a role in investing these days? It seems everything is at an all time high, so how do you decide what to invest in? It’s hard to ‘buy low’ these days so where do you find your in? Frederick provides some examples on how the rich are investing their money to remain in the upper tier of society, and how they can infinitely increase their holdings based on making the right investments.   

46:45 - Frederick further explains the benefits of being a AAA accredited investor, and what you can and can’t invest in UNLESS you’re in this group.   

50:00 - Frederick explains the concept behind the (so far non-existent) “Debt Jubilee.”  

1:00:00 - Frederick goes over some life stories that led him to the conclusion to always say Yes when provided with an opportunity.

------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu.   This podcast is paid for and brought to you by.... by me, Scott Groves :-) 

Today we are talking to Diane Halfman!!! Diane's background, as an undercover police officer, provided her with a unique set of skills to offer leadership training in the business world. We have a great chat about her background, some stories from the undercover world, and how this all relates to being a successful leader today. Don't miss the part where she talks about going undercover as a prostitute to catch a serial killer!!!

 How did you get approached for undercover work? Were you asked to do it or was it something you always wanted to do? In answering this, we learn about why her department needed the undercover position filled, and what benefits it brought to the community.

How does arresting people for ‘victimless crimes’ actually help the community? There are several beliefs out there about what needs to be policed more, and what needs to be policed less! Diane offers a unique inside perspective that you may not have thought about yet.

We share some honest and fact-based opinions on the handling of the coronavirus pandemic here in the United States. I’m not going to write out any more than that because of the current climate on social media. Watch for more details!

It has to be tough to be a CEO these days, because pretty much any decision you make - regarding the mandates will annoy approximately half of your workforce. How do you, as a leader, overcome that challenge and satisfy your entire workforce?

How is situational awareness a benefit to keep yourself out of trouble and how does that help you when leading a business? Is there a lack of situational awareness in todays culture, and especially leadership culture?

------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu.   This podcast is paid for and brought to you by.... ME, Scott Groves :-)

Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket.  This channel is FAR from monetization and because of the subject matter, may never be monetized.   I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show.

If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at [email protected]  I can do the loan for you (our team is licensed in 8 states) - OR - I can refer you to an amazing loan officer in the state where you're searching. ON WITH THE SHOW!!!

New Full Episodes are released every THURSDAY at 10:00am and clips are released frequently throughout the week. SO MAKE SURE YOU SUBSCRIBE!!!

Today we are talking to Diane Halfman!!! Diane's background, as an undercover police officer, provided her with a unique set of skills to offer leadership training in the business world. We have a great chat about her background, some stories from the undercover world, and how this all relates to being a successful leader today. Don't miss the part where she talks about going undercover as a prostitute to catch a serial killer!!!  

3:45 - How did you get approached for undercover work? Were you asked to do it or was it something you always wanted to do? In answering this, we learn about why her department needed the undercover position filled, and what benefits it brought to the community.   

7:00 - How does arresting people for ‘victimless crimes’ actually help the community? There are several beliefs out there about what needs to be policed more, and what needs to be policed less! Diane offers a unique inside perspective that you may not have thought about yet.   

15:00 - We share some honest and fact-based opinions on the handling of the coronavirus pandemic here in the United States. I’m not going to write out any more than that because of the current climate on social media. Watch for more details!  

25:00 - It has to be tough to be a CEO these days, because pretty much any decision you make - regarding the mandates will annoy approximately half of your workforce. How do you, as a leader, overcome that challenge and satisfy your entire workforce?  

34:00 - How is situational awareness a benefit to keep yourself out of trouble and how does that help you when leading a business? Is there a lack of situational awareness in todays culture, and especially leadership culture? 

 ------------ Quickly- I'm Scott Groves - Husband, Father, Loan Officer, Coach, Author, Podcaster, and Recent Blue Belt in Brazilian Jiu-Jitsu.   This podcast is paid for and brought to you by.... ME, Scott Groves :-)  

 Because I think these kind of long form conversations are valuable, I pay for 100% of the production of this show out of my pocket.  This channel is FAR from monetization and because of the subject matter, may never be monetized.   I am a Mortgage Loan Officer & Loan Officer Coach in real life. It's the money that I earn, from helping home-buyers and home-owners obtain home-loans, that pays for this show. 

If you, your friends, or your family are looking for a home loan from an honest Loan Officer, please contact me at [email protected]  I can do the loan for you (our team is licensed in 8 states) - OR - I can refer you to an amazing loan officer in the state where you're searching. ON WITH THE SHOW!!!  

New Full Episodes are released every THURSDAY at 10:00am and clips are released frequently throughout the week. SO MAKE SURE YOU SUBSCRIBE!!!

This week our guest is Jason Porrath, who has an amazing podcast called '50 First Gigs' where he chronicles the beginnings of Guns n Roses!

Who is Mark Canter? Mark was the “Angel Investor” for Guns n Roses, aka the first roadie, the first investor, the first photographer, and in a way the first fan. Without Mark Canter, there wouldn’t be a Guns n Roses. The way he first connected with Slash is a classic gnr story.

Mark Canter took a ton of pictures and video of Guns n Roses, and they have sat in storage until very recently. Because of the 50 First Gigs Podcast and Reckless Road book, they are finally being seen by the fans. Mark trusted Jason with this process of bringing this valuable content to the public.

 We discuss the beginnings of the book and how it evolved into the project that exists today.

Why was Los Angeles the epicenter of music in the 1980’s? It seems that punk, classic rock, hair metal, new wave, hip hop, rap, and several other genres were centered on the Sunset Strip and other parts of Los Angeles. Why was this happening, and why specifically in Los Angeles? What role did KROQ play in all of this?

A discussion about Axel Rose and his road to releasing Chinese Democracy with his newly formed ‘Guns n Roses’ band. We talk about the changes the band went through, especially regarding Axel Rose and Slash.

Guns n Roses still has a grip on fans today, old and new, and we discuss why that might be. There are fans in their teenage years as well as lifelong fans, and very few bands still have that influence.

The book originally released was an ‘enhanced book,’ which was part of the reason the book was able to get published in the first place. With today’s prevalence of Podcasts, we are given the opportunity to have a new era of learning the bands history.

Jason’s original vision was to have a Netflix style documentary, however it was going to be impossible to get the music rights for it. We discuss the production and story that Jason wants to tell with the series.

How did it all come together to tell this story of Guns n Roses origins? As of now, the podcast isn’t making any money, so it was a matter of finding fans to come together and volunteer to build it. This also helped because Jason was able to make sure the content they were creating was content that the fans wanted. Jason tells the story of how this all came together, what content he had to build from, and where it all came from.

Scott asks if the 2005 interviews from Guns n Roses still exist. We learn about them, and what their role will be in the 50 First Gigs Podcast.

Right now, the podcast is only available on Patreon. The reason for that is because it needs to be funded by the fans. It’s not about making money, it’s about funding the project in the first place.

What is compelling you to create this history of Guns n Roses? Why is it so important to provide this information for the fans?

This week our guest is Jason Porrath, who has an amazing podcast called '50 First Gigs' where he chronicles the beginnings of Guns n Roses!  

2:16 - Who is Mark Canter? Mark was the “Angel Investor” for Guns n Roses, aka the first roadie, the first investor, the first photographer, and in a way the first fan. Without Mark Canter, there wouldn’t be a Guns n Roses. The way he first connected with Slash is a classic gnr story.   

11:30 - Mark Canter took a ton of pictures and video of Guns n Roses, and they have sat in storage until very recently. Because of the 50 First Gigs Podcast and Reckless Road book, they are finally being seen by the fans. Mark trusted Jason with this process of bringing this valuable content to the public.   

22:05 - We discuss the beginnings of the book and how it evolved into the project that exists today.   

31:30 - Why was Los Angeles the epicenter of music in the 1980’s? It seems that punk, classic rock, hair metal, new wave, hip hop, rap, and several other genres were centered on the Sunset Strip and other parts of Los Angeles. Why was this happening, and why specifically in Los Angeles? What role did KROQ play in all of this?   

39:55 - A discussion about Axel Rose and his road to releasing Chinese Democracy with his newly formed ‘Guns n Roses’ band. We talk about the changes the band went through, especially regarding Axel Rose and Slash.   

47:45 - Guns n Roses still has a grip on fans today, old and new, and we discuss why that might be. There are fans in their teenage years as well as lifelong fans, and very few bands still have that influence.   

50:00 - The book originally released was an ‘enhanced book,’ which was part of the reason the book was able to get published in the first place. With today’s prevalence of Podcasts, we are given the opportunity to have a new era of learning the bands history.   

56:30 - Jason’s original vision was to have a Netflix style documentary, however it was going to be impossible to get the music rights for it. We discuss the production and story that Jason wants to tell with the series.   

1:17:00 - How did it all come together to tell this story of Guns n Roses origins? As of now, the podcast isn’t making any money, so it was a matter of finding fans to come together and volunteer to build it. This also helped because Jason was able to make sure the content they were creating was content that the fans wanted. Jason tells the story of how this all came together, what content he had to build from, and where it all came from.  

1:24:30 - Scott asks if the 2005 interviews from Guns n Roses still exist. We learn about them, and what their role will be in the 50 First Gigs Podcast.   

1:27:00 - Right now, the podcast is only available on Patreon. The reason for that is because it needs to be funded by the fans. It’s not about making money, it’s about funding the project in the first place.   

1:30:00 - What is compelling you to create this history of Guns n Roses? Why is it so important to provide this information for the fans?

This is an abbreviated version of our full podcast, also available here!

Today we’re talking with Property Syndicate Manager Andrew Cushman! Join us for this enlightening conversation on a method of investing that few people even consider, instead going with the classic forms of investment via stocks or real estate purchases.

1:00 - What is a property syndicate? How is this different from just buying some real estate and going from there? What is your role as the ‘leader’ of the syndicate?

4:50 - What are some of the key differences with closing on a $50 Million property? Is it different than closing on a ‘normal priced’ property? We get some pretty crazy answers and numbers here!

8:00 - How do you know that you’re under-contract for the right properties? These are huge investments, how are you sure that they aren’t going to go south?

13:00 - What’s the #1 disqualifies that you see on these large purchases?

28:30 - Why is the sponsor, or the ‘who’ so important? What does cash-flow have to do with a purchase or what the books look like. What role does management play in the value of a property?

34:00 - On the $50 Million property investment, what kind of jump in value did you see? Was there a jump at all? Did the rent increase at all? How do you actually get the added value in the property?

39:00 - What about the investors? What kind of interest or dividends do you see projected for your clients?

43:30 - What is the ‘black swan’ event that can cause returns to diminish on these property investments? What are the ramifications for large scale loss potentials? For example, this last year the federal government allowed people to not pay rent. Did this affect the way you operate your business? Is it actually be better to be part of a syndicate in this situation or just a single property owner?

51:50 - How many properties do you manage? Is this a situation where an investor can just provide the money and ‘set it and forget it?’ What work is required by the investors?

55:00 - Why is there hesitation in going into a property syndicate versus investing in the stock market? Do property syndicates have a bad reputation? Why is the stock market seemingly preferred when you do a bit of research?

1:03:30 - Have you ever lost money in your investments? What’s the worst syndicate you’ve been involved with?

1:08:14 - What is your plan for the next economy downturn? It will happen eventually, is property syndication sustainable through a downturn?

1:19:30 - What is the minimum for an investor to join your syndicate? How about minimum net worth or income to be considered for joining? What is a 506-B? What is a 506-C?

1:23:50 - What’s up with the Evergrande real estate problem with the Chinese Government? Does it have any reprocuctions here in the USA? What do you think will happen with that?

Today we’re talking with Property Syndicate Manager Andrew Cushman! Join us for this enlightening conversation on a method of investing that few people even consider, instead going with the classic forms of investment via stocks or real estate purchases.

1:00 - What is a property syndicate? How is this different from just buying some real estate and going from there? What is your role as the ‘leader’ of the syndicate?

4:50 - What are some of the key differences with closing on a $50 Million property? Is it different than closing on a ‘normal priced’ property? We get some pretty crazy answers and numbers here!

8:00 - How do you know that you’re under-contract for the right properties? These are huge investments, how are you sure that they aren’t going to go south?

13:00 - What’s the #1 disqualifies that you see on these large purchases?

28:30 - Why is the sponsor, or the ‘who’ so important? What does cash-flow have to do with a purchase or what the books look like. What role does management play in the value of a property?

34:00 - On the $50 Million property investment, what kind of jump in value did you see? Was there a jump at all? Did the rent increase at all? How do you actually get the added value in the property?

39:00 - What about the investors? What kind of interest or dividends do you see projected for your clients?

43:30 - What is the ‘black swan’ event that can cause returns to diminish on these property investments? What are the ramifications for large scale loss potentials? For example, this last year the federal government allowed people to not pay rent. Did this affect the way you operate your business? Is it actually be better to be part of a syndicate in this situation or just a single property owner?

51:50 - How many properties do you manage? Is this a situation where an investor can just provide the money and ‘set it and forget it?’ What work is required by the investors?

55:00 - Why is there hesitation in going into a property syndicate versus investing in the stock market? Do property syndicates have a bad reputation? Why is the stock market seemingly preferred when you do a bit of research?

1:03:30 - Have you ever lost money in your investments? What’s the worst syndicate you’ve been involved with?

1:08:14 - What is your plan for the next economy downturn? It will happen eventually, is property syndication sustainable through a downturn?

1:19:30 - What is the minimum for an investor to join your syndicate? How about minimum net worth or income to be considered for joining? What is a 506-B? What is a 506-C?

1:23:50 - What’s up with the Evergrande real estate problem with the Chinese Government? Does it have any reprocuctions here in the USA? What do you think will happen with that?

It’s time for Scott’s Thoughts!

2:06 - Let’s go over some of the current events that have at least interested me. First off I wanted to say that I think it’s cool that it seems Americans are on the rebound as US Household wealth has appeared to rise to record highs in the 2nd quarter of 2021. This doesn’t seem to be reported on much, as most of the news focuses on those that unfortunately have not experienced the wealth as much as others.

10:30 - I’ve been organizing my ‘desktop’ on the computer my entire life. I found an article about how Google has effectively killed the folders and organization because searching has become so common now. There’s a screenshot in the article you can’t miss showing a desktop that would literally kill me.

14:50 - Disney’s Flight of the Navigator is being remade by the Mandalorian Director Bryce Dallas Howard. All I really want to say about these Disney remakes is, I don’t understand why all of the movies from our childhood need to change the lead character to a strong female. I think it would be much cooler if the children of our generation have role models to follow in new and original stories. That way we can share some memories together about something new.

20:35 - I’ve been reading a lot of uncomfortable books that I’m probably not allowed to list in these notes, but one that’s gained my attention is called The Tragedy of the Commons. The idea is that if something is available for everyone, you should utilize as much of it as possible to better yourself, to a fault. Everybody else should as well, which ultimately leads to depletion of resources. This is an ongoing scholastic debate that’s been talked about for at least the last 50 years. Anyway, it turns out that he was apparently a racist, among some other faults, so naturally, people are questioning everything he studied in the first place. Naturally, his faults as a human make him completely un-trustworthy and now all of his research is being disputed. Why? Why can’t we focus on his contributions to the world while recognizing his faults instead of cancelling everything?

Our friend Jumane talked about this in a previous On The Edge episode that can be found here: https://youtu.be/Tk3ppc9Kqfo

33:34 - Time to talk about Biden! I’m starting with the debt ceiling issue going around, and don’t get me wrong. I think the Republicans are completely hypocritical saying they’re the party of being conservative while they spend like drunken sailors. At least the Democrats admit to what they’re doing. And what they’re doing this week is attempting to restructure tax rates to include more Americans. They are even calling people that make over $600K “millionaires,” which, if you’ve passed 3rd grade math, you know is incorrect. I feel that if everything they want to pass this week does, this number will creep lower and lower.

I think the corporate tax rate should be 0 dollars. As a corporation, you are already taxed quite a bit, from paying out employees, to product purchases, and other reasons. The current administration wants to raise corporate taxes by 7% but do you think these corporations are going to just take a 7% hit? No, their prices will go up by at LEAST 7%. Welcome to one of the main causes of inflation. Additionally, who can’t afford a 7% increase in the cost of goods? Here’s a hint…it’s the same people the administration is trying to ‘help’ by raising taxes.

55:40- There is a proposal for the federal government to be able to audit mobile money transfer apps that have more than $600 in transfers per year. $600! This is pretty much anybody that uses these services. This is potentially huge for privacy laws here in the USA. If this actually passes, where does the evolution end up? With your actual bank account? Why not, right? Why does the government even need to know where I spend my money? Why do they care?

So this week will be a little different. I sat down for an interview a couple years ago with Mike Eaton about my motivation for being a coach, to recap my thoughts on the mortgage business, and to look into my crystal ball and see what 2020 and 2021 would bring in the business and mortgage worlds. Was I right?  

Welcome to another episode of Scott’s Thoughts! Today we’ll be talking about an AWESOME upcoming guest that we have booked, some follow-up conversation about Afghanistan, and my thoughts post-recall election in California.   

1:03 - As many of you know I’m a HUGE Guns N’ Roses fan, and there is a great podcast out there called “The First 50 Gigs.” It can only be found on Patreon and I highly recommend listening to it, as I have. I also reached out to the creator who is often referred to as ‘The 6th Member of Guns N’ Roses’ and long story short, we’ll be talking to him on the Podcast shortly! Stay tuned!  

6:30 - I wanted to talk a little bit about the ‘Pineapple Express’ group that was working in Afghanistan. It’s a group of ex-military members that banded together to create a special forces team in Afghanistan that worked ‘outside the wire’ to rescue people. The Atlantic has a fantastic story about the whole situation that many people may not know about. As of right now, we don’t know much.   

From what we do know right now, though, is that it seems like it might be setting a dangerous precedent for what the government is able to do without letting us know they’re actually doing it. I think the implications can be felt at home with our own laws and regulations sooner than later.   

13:28 - Everybody pretty much has their mindset on what’s going on with the coronavirus situation, we’ve all read the numbers, and we are all concerned about what we’re going to be concerned about. You can be banned from one group and welcomed into others depending on your thoughts, and it just keeps progressing.   

I wanted to give another shout-out to The Atlantic for their great read about the numbers of Coronavirus, and regardless of their politics, I agree with what this article has to say. People don’t seem to care about the numbers anymore.  

29:21 - My big rant of the night is of course about the recent Recall Election in California. My biggest issue is that the entire campaign was based on more of a National story instead of, you know, California. I think there’s a dangerous trend of local events becoming national events and the influence of the nation plays too much of a role in everything. Part of the magic of the United States is that there is probably a state that aligns with your politics, and ultimately you should probably live there. These days, it seems like everybody wants to spew their way of life, whether it be left or right, all over the nation without respecting where they are targeting.   

A prime example of this is the Texas Abortion Law, and I go into detail about my thoughts about that. In short, it’s Texas’s problem and Texans have a choice as to whether or not they want to embrace it.   

Reminder: Everything I talk about here at On The Edge Podcast is my opinion and while I use the most reliable sources for my information as I can find, I highly encourage you to look up the information on your own and draw your own conclusions.   

Our Most Reliable Pandemic Number Is Losing Meaning: https://medium.com/the-atlantic/our-most-reliable-pandemic-number-is-losing-meaning-cc8ad63b293b