Do you want to learn how understanding your natural tendencies can help you succeed in business?

Today, Richard Canfield, an infinite banking expert, shares his insights on the Kolbe A (TM) Index and how it can transform your approach to investing. He covers various topics, from prioritizing tasks based on natural tendencies, ways to communicate effectively with others, and the benefits of leveraging one's strengths for success. Learn how Kolbe Index can help you become a more productive and successful real estate investor!

As an Amazon Bestselling Author, Podcast Host, and Authorized Infinite Banking Practitioner, Richard is passionate about putting people in the driver's seat of their financial life and creating durable, dependable, generational wealth. They work with families, business owners, and Real Estate Investors to strategize how to keep more hard-earned money flowing through their hands over a lifetime.

[00:01 - 04:45] Opening Segment

• The Power of Kolbe A (TM) Index

• A way to understand natural superpowers and improve productivity

• How to interpret natural, intuitive ways of completing tasks

• How starting the day with a not doing list can help filter through ideas and prioritize tasks.

[04:46 - 08:33] Closing Segment

• An effective way to measure how individuals initiate action and handle tasks

• Understanding your instincts can be a superpower in problem-solving

• Why Richard recommends everyone have an in-depth knowledge of their Kolbe A (TM) IndexConnect with Richard:

LinkedIn: Richard Canfield

Website: 7 Steps

Podcast: Wealth Without Baystreet

Key Quotes:

"Understanding how you operate in the world allows you to communicate differently with your loved ones and business partners to show them how your instinctive abilities can help solve problems that might arise in your life."- Richard Canfield

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

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How can you accumulate wealth without relying on external factors?

In this episode, our host speaks with Richard Canfield, who shares his story of discovering the infinite banking concept and how it can help anyone achieve financial freedom. He takes us through the benefits of private lending on mortgages and unlocking potential in government-sponsored plans. Richard also delves into how investing in an insurance policy for passive income can be an excellent option for those looking to accumulate wealth without relying on external factors. Tune in and get valuable insights into how anyone can achieve financial freedom through intelligent real estate investing and clever money management techniques!

As an Amazon Bestselling Author, Podcast Host, and Authorized Infinite Banking Practitioner, Richard is passionate about putting people in the driver's seat of their financial life and creating durable, dependable, generational wealth. They work with families, business owners, and Real Estate Investors to strategize how to keep more hard-earned money flowing through their hands over a lifetime.

[00:01 - 06:18] Opening Segment

• Richard breaks down the infinite banking concept

• How he helps people achieve financial freedom and build generational wealth

• How Richard got interested in the real estate industry

• Learning about private lending and became fascinated by mortgage amortization

[06:19 - 12:49] Discovering the Power of Infinite Banking:

• Infinite banking is a concept, not a product or investment strategy

• How to proactively manage your finances throughout your life

• Banks have a profitable business model, and becoming a bank allows you to benefit from that model

• How you can have a peaceful, stress-free financial life

[12:50 - 20:00] How to Become Your Own Banker and Take Control of Your Financial Future

• Infinite banking is about optimizing the flow of money in and out of your life

• Money comes in from earned income and goes out to pay for various expenses

• Richard discloses the most efficient vehicle for infinite banking

• The advantages of setting up a policy

[20:01 - 27:21] Building Wealth and Securing Your Future

• Insurance policy cash value follows the death benefit and increases every day to reach the target

• Death benefit increases with voluntary capital addition, and cash value automatically grows to match it

• Putting in more capital can increase both death benefit and cash value

• Policy loan is available to access money from the cash value

[27:22 - 34:00] Understanding the Tax Benefits of Insurance Contracts for Passive Income Growth

• How policy size and contribution amount affect access to a cash value

• Multiple policies may be necessary due to limitations on the accumulation of capital in one policy

• Contributions are made with post-tax money, but growth is tax-exempt

• Access to capital can be tax-free through collateralization

[34:01 - 41:31] Closing Segment

• The ability to access a policy loan is a contractual right of the policy owner

• How you can have money operating in two places at once, all protected by tax-free death benefits

Connect with Richard:

LinkedIn: Richard Canfield

Website: 7 Steps

Podcast: Wealth Without Baystreet

Key Quotes:

"Every liability is someone else's asset, and every asset is someone else's liability." - Richard Canfield

"The cash value is the present value of a future death benefit." - Richard Canfield

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are limiting beliefs holding you back from achieving your investment goals?

In this episode, Senate Eskridge shares with us the importance of having the right mindset when it comes to investing. Senate emphasizes that limiting beliefs is investors' biggest challenge and encourages them to think outside the box. He delves into how shifting spending habits and prioritizing what you value can significantly impact your success and touches on side hustles and businesses as additional sources of income.

This conversation emphasizes the importance of investing additional funds to maximize their potential; you want to take advantage of it!

[00:01 - 04:00] Opening Segment

• Limiting beliefs is the biggest challenge for investors

• Think outside the box and imagine anything is possible

• How to shift spending habits to achieve financial goals

[04:01 - 07:54] Begin with the End in Mind

• Focusing on goals with emotional attachment leads to a greater willingness to accomplish them

• Money is not the only thing that matters in life

• People can shift their spending habits to save for future goals

[07:55 - 10:44] Closing Segment

• How side hustles and businesses can help increase income

• A person who is making $250 an hour walking dogs on weekends

• It's essential to increase income and invest it wisely

Connect with Senate:

Website: Senate Eskridge

LinkedIn: Senate Eskridge

Key Quotes:

"Anything the mind can believe, it can achieve." - Senate Eskridge

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are you looking for ways to diversify your investment portfolio without adding additional responsibilities?

Today, we welcome Senate Esridge, a financial advisor turned multi-family investor and coach, who shares his expertise on becoming a passive real estate investor without buying an apartment building. He discusses his goal of becoming a full-time passive investor and how he plans to achieve it while diversifying his portfolio. Senate highlights potential avenues for generating semi-passive income or starting a business to support long-term passive investment goals and stresses the importance of feeling confident and secure in investments.

Join Senate and Suja while they share their experiences with market volatility while emphasizing the need for strategic and informed investment decisions that align with one's individual goals!

[00:01 - 06:11] Opening Segment

• Senate shares how he got involved in real estate investing

• His experience with single-family homes and multi-family apartments

• How he helps passive investors to diversify their portfolio

[06:12 - 12:14] Tips for Achieving Passive Income through Real Estate Investing

• How to dump profits from your active investments into passive investments

• People's goals often include creating $10,000/month in passive income within ten years

• How Senate helps people determine their risk tolerance and needs for income

• Younger investors may be interested in appreciation, while older investors prioritize cash flow

[12:15 - 18:01] Maximizing Passive Income

• Setting up short-term rentals requires a lot of work and systems

• Systematizing and automating a business can lead to passive income

• People can find money in dormant 401ks, IRAs, savings bonds, and equity in other properties

• Maximizing current income can help accelerate investment goals

[18:02 - 23:58] Understanding the Four Types of Returns in Real Estate Investing

• Real estate syndications are a good vehicle for investment with the right person and deal

• The importance of education in understanding returns and blending cash flow

• Four types of returns

• ROI (return on investment), ROE (return on effort), ROE (return on equity), ROS (return on stress)

[23:59 - 27:17] Closing Segment

• Return on stress is crucial as it affects sleep and peace of mind

• Education helps investors feel confident in making investments and mitigating risks

Connect with Senate:

Website: Senate Esridge

LinkedIn: Senate Esridge

Key Quotes:

"Be authentic to yourself and true to what you say." - Senate Esridge

"It doesn't matter how much money you make; if you can't sleep at night, then it's not worth it." - Senate Esridge

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

How can focusing on small improvements lead to exponential growth in your real estate investments?

In this episode, we're joined by Mark Ritter, a seasoned investor and entrepreneur who has successfully built his real estate empire. Mark believes that success in real estate investing depends on consistent effort toward all the little pieces that lead to wins. He emphasizes the importance of cooperation and building relationships in business. Having worked in the credit union industry, he knows firsthand the value of listening to clients and solving their problems to build loyalty rather than trying to fix everything at once. Tune in and discover why having open relationships with competitors can lead to more opportunities and better outcomes for everyone involved!

Mark Ritter is the CEO of MBFS and an expert in all things credit unions. MBFS is owned by 13 credit unions and works with over 90 credit unions to bring together real estate investors and their credit union partners.

[00:01 - 04:40] Opening Segment

• Focus on incremental improvement rather than swinging for home runs

• Consistent effort towards goals leads to compounding growth

• The real estate investing industry

[04:41 - 09:33] Coopetition and Good Relationships Key to Success in Business

• Building good relationships with colleagues and competitors can lead to big wins

• Coopetition model can lead to referrals and increased loyalty from clients

• Understanding and open relationships with competitors can be helpful in complex transactions

[09:34 - 11:10] Closing Segment

• Why helping others get the best transactions is a priority

Connect with Mark:

Website: MBFS

LinkedIn: Mark Ritter

Key Quotes:

"What has helped me out most throughout the years is focusing just on getting one piece of my business better, one piece of me better, and over time it just becomes exponential growth." - Mark Ritter

"Every day, you either get better or worse, but you never stay the same." - Mark Ritter

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are you curious about how credit unions are changing the lending landscape? In this episode, Mark Ritter shares his expertise on how credit unions can benefit real estate investors. He discusses how people are starting to move back to urban areas, leading to a leveling out between major urban and suburban areas. Mark advises borrowers who anticipate stress in their portfolio to talk with their lenders before falling behind on payments and touches on the risks associated with large, single-tenant office spaces in today's remote work environment. This episode is packed full of insights into current trends and challenges facing real estate investors today. Tune in to learn how credit unions can be an excellent option for your next investment property!

Mark Ritter is the CEO of MBFS and an expert in all things credit unions. MBFS is owned by 13 credit unions and works with over 90 credit unions to bring together real estate investors and their credit union partners.

[00:01 - 08:37] Opening Segment

• CEO of MBFS, Mark Ritter, discusses credit unions and their role in real estate investing

• How credit unions prioritize relationships and offer fair, accurate, and friendly terms and conditions

• Being more flexible in who they can lend to and offering no prepayment penalties

• Having conversations with investors to create a structure that makes sense for both parties

[08:38 - 17:20] Credit Unions Shift Towards Community-Oriented Lending

• Credit unions have become more broad-based and community-oriented compared to the past

• How inflation has put pressure on depository financial institutions for liquidity needs

• Housing continues to be tight, especially in areas where populations have boomed

• Micro-level market analysis is essential when considering property acquisition or refinancing

[17:21 - 25:56] Potential Risks in Commercial Real Estate Market

• Urban areas are seeing a leveling out with suburban and smaller city areas

• When shopping for a lender, understand their financials and liquidity position

• If anticipating loan payment stress, talk to your lender face-to-face before delinquency

• Pay taxes first and keep lines of communication open with lenders

[25:57 - 29:27] Closing Segment

• Large single-tenant office spaces pose the most risk in today's market

• Tenant diversity is vital in minimizing vacancy risk in commercial properties

Connect with Mark:

Website: MBFS

LinkedIn: Mark Ritter

Key Quotes:

"If you're rich and have good credit and your portfolio's perfect, you can walk in anywhere and get money." - Mark Ritter

"Our success is dependent on you succeeding." - Mark Ritter

"We want to make sure that the structure and the deal makes sense for now and in the future." - Mark Ritter

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

In this episode, Steve Keller, an expert in the specialized trust arena, shares a unique habit that has led to his continued growth and success in achieving his goals. He talks about how having conversations with himself, as if he has already achieved his goals, has helped him understand what it will feel like to achieve them. It's a fascinating conversation that will inspire you to think differently about goal-setting and visualization. So sit back, relax, and let's dive into the show.

Steve Keller is on a mission to empower business owners with the knowledge and resources they need to use specialized trusts to legally reduce tax liability, safeguard their most valuable assets, and establish a generational legacy for their families.

[00:01 - 04:08] Opening Segmnet

• One habit that has led Steve to continued growth and success

• Talking to himself a lot and out loud

• How Steve figured out that habit was working

[04:09 - 08:33] Closing Segment

• How it feels to tell somebody about your goals

• The power of visualization and dreaming bigger

• Getting things out of your head and out into the world

Connect with Steve:

Website: Steve Keller Consulting

Key Quotes:

"Train your brain and yourself to understand what it's going to feel like when you achieve your goals." - Steve Keller

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are you looking to protect your most valuable assets, mitigate almost all of your tax liability, and create a generational legacy for you and your family?

In this episode, Steve Keller shares his journey and how he learned about using specialized trusts to reduce tax liability and safeguard assets. He explains the benefits of trusts and how they have been used by wealthy families and politicians for centuries. Steve discusses a specialized trust that can be used to mitigate tax liability and highlights the benefits of using a specific type of trust to defer capital gains and passive income tax liability. Let's dive in!

[00:01 - 07:08] Opening Segmnet

• Steve's background in sports TV and his transition to owning crime scene cleanup companies

• How to use specialized trusts to reduce tax liability and safeguard assets legally

• Wealthy families have been using trusts for hundreds of years for tax benefits and other advantages

[07:09 - 13:53] Specialised Trust Consulting

• How specialized trusts can help mitigate tax liability for business owners and investors

• How specialized trusts can work in different industries

• Trusts are set up based on individual situations and needs

• Trusts allow for tax deferral similar to a 1031 exchange without stipulations

[13:54 - 20:30] How to Defer Taxes and Maximize Your Wealth with a Trust

• Personal assets can be sold to the trust to turn personal expenses into trust expenses

• Food, fun, and fashion are typically not considered trust expenses

• Capital gains from buying and selling real estate within the trust are tax-deferrable

• Assets can be sold to the trust at a cost basis to avoid personal tax liability

[20:31 - 27:13] Using a Trust to Defer Taxes on Real Estate Investments

• Trust can sell assets for any price without capital gain tax

• Capital gains can be deferred within the trust ecosystem

• Income from assets owned by the trust is tax-deferred until it exits the trust

• Trust ownership allows for wealth transference and tax deferral across generations

[27:14 - 33:22] How to Defer Capital Gains and Passive Income Tax Liability

• Certain trusts can defer capital gains and passive income tax liability if allocated to the corpus

• The deferral allows for money to be set aside in the trust without being distributed or taxed immediately

• Why deferral is beneficial for syndication investments

[33:23 - 39:40] The Benefits of a Trust for Wealth Transference and Asset Protection

• It's essential to educate oneself on the process and work with professionals to ensure compliance

• Asset protection is achieved by selling personal assets to the trust

• Irrevocable trusts offer better asset protection than living trusts or LLCs

[39:41 - 43:10] Closing Segment

• Wealth transference is achieved without triggering taxable events

• How trusts can stay in place for generations with proper management

Connect with Steve:

Website: Steve Keller Consulting

Key Quotes:

"Own nothing but control everything." - John Rockefeller

"I can sleep better at night knowing that my most valuable assets are protected from somebody coming after me personally." - Steve Keller

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Are you tired of feeling like you never have enough time for what matters most to you? In this episode, Josh Andrews discusses impactful books that can help investors gain perspective on historical events and make better decisions. The conversation focuses on two books by Frederick Lewis Allen: "Only Yesterday," which provides an informal history of the 1920s, and "Since Yesterday," which continues the story through the Great Depression and World War II. This realization can help investors focus on what's important and let go of the noise in today's news. The conversation also mentions "The Rational Optimist" by Matt Ridley, which argues that we are living in the best time in history. So if you're ready to unlock the doors to passive income investing and start living your best life, tune in to this episode of Passive Income Unlocked today!

[00:01 - 04:06] Opening Segment

• Mindset is crucial for success in investing and entrepreneurship

• Joshua shares his personal why for investing: time, freedom, and family

• Check out Only Yesterday & Since Yesterday by Frederick Lewis Allen

[04:07 - 10:16] Closing Segment

• The concerns of the past are similar to those of today

• Let go of unnecessary worries and focus on what's important

• Check out The Rational Optimist by Matt Ridley

Connect with Joshua:

Website: Paper Profits Investors

Key Quotes:

"I think mindset's a really important thing because we are going in life in general encounter obstacles and we need something inside ourselves or reason to draw from when we encounter that." - Joshua Andrews

"Things are getting markedly better in our lives; this is the best time to be alive." - Joshua Andrews

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

If you are a busy professional and a passive investor, you might want to consider adding Mortgage Notes to your portfolio. This asset class is secured by property, provides consistent cash flow, and ability for compounding interest. It can also be easily liquidated.

In this episode, we are joined by Joshua Andrews, a seasoned mortgage note investor with years of experience in the industry. He takes us on a journey from his days as a loan officer to becoming a full-time investor and shares his insights on note investing, specifically non-performing and performing loans. The conversation revolves around the difference between first and second-position loans, how they decided to focus on notes instead of real estate, and the impacts of macroeconomic conditions on notes. Joshua offers a free copy of his book Paper Profits, which delves deeper into note investing methodology. If you're seeking stable, predictable income and diversification in your portfolio, this episode is for you!

[00:01 - 07:13] Opening Segment

• Joshua shares his background and journey into the real estate space

• Navigating the world of non-performing notes and performing loans

• The process of buying non-performing loans at a discount

[07:13 - 14:07] An Investor's Perspective During a Recession

• How investing in notes provides consistent income and can be replicated easily

• The importance of earning, investing, and repeating to build a passive income portfolio

• The impact of macroeconomic conditions on notes is not discussed in detail

[14:08 - 21:35] Understanding the Discounted Sale of Performing Mortgage Notes

• Performing notes are easier to manage and have less risk than non-performing notes

• Buyers of performing notes include funds, high-net-worth individuals, and banks

• The macroeconomic conditions that may affect the market for notes

• Inflation, changing real estate prices, and interest rates

[21:36 - 28:58] Closing Segment

• The importance of collateral value and inflation in note investing

• The collateral value fluctuates but only matters when taking possession of the property back

• Notes investing is good for diversifying portfolios, stable and predictable income, and patient investors

Connect with Joshua:

Website: Paper Profits Investors

Resources Mentioned:

Paper Profits: A beginner's Guide

Key Quotes:

"I'm a big believer in not going all in on any one thing, no matter how good that seems." - Joshua Andrews

"I think the right path is as you're earning, whether it's a day job or whatever that cash flow stream is, putting that into more passive, whether it's real estate or whatever else you want." - Joshua Andrews

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at [email protected]

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!