Can you take control of your financial destiny and build a solid investment portfolio? Today, Toby Mathis provides insight on how to think long-term when it comes to investing and emphasizes the importance of cash flow. He outlines five categories of income that can be invested in passive income streams and shares tips on budgeting money wisely. Tune in as we explore these ideas further!
Toby Mathis is a 25-year tax attorney and founding partner at Anderson Advisors, whose career has focused on how to save money and how to make money. As a result of Anderson's tax work with tens of thousands of successful investors, Toby has pieced together their methods to building wealth and now educates on the surprisingly simple processes.
[00:01 - 07:03] Opening Segment
• How Toby has helped investors and small business owners for 25+ years
- Individual properties ranging from apartment complexes to commercial to single
• Cash flow is the key for successful investors, not appreciation
[07:04 - 13:45] The Fool's Air of Appreciation
• People often fall into the trap of looking for appreciation due to impatience and wrong information
• Toby introduces his book "Infinity Investing."
- How life treats you in terms of financial planning
• Most active traders lose money, while people who focus on cash flow tend to be more successful
[13:46 - 20:22] Unlocking the Secret to Financial Freedom
• five types of income to invest in for passive income
- Rents, royalties, dividends, interest, and short-term capital gains on the sale of options
• Live off 70% of what you bring home, give 10%, pay down debt with 10%, and invest 10%
• Be patient and let investments mature and compound
[20:23 - 27:16] From Cash Flow to Legacy
• Single-family home market correlates more with the economy than commercial real estate
• How commercial real estate can be designed to operate through a down period
• 1.2 million new units are needed per year, but only half of that is being built
• Why small businesses need to be deliberate about budgeting and investing money
[27:17 - 34:04] Achieving Success Through the Two Mountains
• Focus on cash flow rather than raises or asset value
• Why Toby looks for companies that have been increasing dividends for at least ten years
• When investing in real estate, look for a positive cash flow of 6% or higher
[34:05 - 40:20] Closing Segment
• Believe it is possible to create a legacy that will last 200+ years
• Check out The Second Mountain
Connect with Toby:
YouTube: Toby Mathis Esq | Tax Planning & Asset Protection
Website: Anderson Advisors
Instagram: @andersonadvisors
Facebook: Anderson Business Advisors
Key Quotes:
"Start spending more on your investments and live less. Let's just go take a look at your scenario and see where you're overpaying on things that we can immediately shift into the investing side." - Toby Mathis
"You have to let your investments mature. You have to let them compound. You have to let them do what they're designed to do." - Toby Mathis
"If you want to be happy, be a voracious giver and help other people, and you'll find satisfaction in that; that money just cannot buy." - Toby Mathis
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