Pathways To Wealth With Chris Dunn

Last month I went down to Central America to investigate the hyperinflation and starvation in Venezuela. During my time in Panama City, I spent several days meeting with entrepreneurs in the cryptocurrency space.

Right before my flight home, I was able to coordinate an interview with early Bitcoin adopters and entrepreneurs, Ira Miller and Cindy Zimmerman.

Ira co-founded Coinapult with Erik Voorhees, which they sold a couple years ago. Since then, Ira founded GitGuild, that's building access ramps into cryptocurrencies and a trustless application framework to build decentralized applications.

Cindy is the founder of TigoCTM, which distributes crpytocurrency ATMs with a heavy focus on Latin America.

Ryan Roots is a serial entrepreneur. After selling his business with 30 employees, he was looking to generate extra income.

One Saturday morning he took $100 to see if he could use an overlooked, but time-tested “arbitrage strategy” to see if he could make money.

In 3 days he made $400 in profit with the $100, and continued to scale the income stream.

Within 6 months was netting $27,000 a month.

Why do I call this an arbitrage strategy even though it has nothing to do with the public financial markets?

Well, arbitrage is defined as the buying and selling of something in order to take advantage of differing prices for the same asset on different markets...

And Ryan’s applied simple arbitrage principles to a massively undervalued and overlooked market that almost seems too simple to be so wildly profitable.

The beautiful thing about this strategy is that anyone with a small amount of capital and some extra time can make money doing this. You don’t need to take on big financial risk or work 16 hour days.

Let me preface this topic by saying this...

If your job requires a college degree to get a license to do your job (e.g. doctor, lawyer, accountant), then this probably isn't going to change anything for you anytime soon.

But if you want to be an entrepreneur, self-employed, or even work for Corporate America, then you need to hear this message.

The world is changing quickly...

Average incomes are stagnant, where the BIG costs of living (e.g. housing, health care, education) have been going through the roof compared to inflation. And people are feeling the squeeze in their finances.

You see, the middle class is quickly disappearing. More people are slipping into poverty, but there are also more millionaires being created than any time in history.

College grads can't seem to find good jobs, and find themselves underemployed or not working in the field they paid $100,000 for their degree.

In this episode, we explore how the economy is shifting its focus from college degrees and puffed-up resumes, to a skill-based economy that rewards a portfolio and history of high-quality work.

I've dedicated my life to helping people achieve "True Wealth", which means having complete ownership over your time, finances, where you choose to live, and who you spend your time with.

And since we're living in the best time to be an entrepreneur, I want to help people with an entrepreneurial spirit find real pathways to creating six or seven-figure income streams.

I'm not looking to co-found a company with the goal of building the next Facebook, because I define true wealth in a way that allows me to have more time freedom...

And every startup founder I know has taken on the tremendous stress and responsibility of being responsible to shareholders and a big staff.

That's just not for me...

I'm also not looking to help people negotiate a $10,000 raise at a job they hate - That's a waste of time and won't create any lasting happiness in anyone's life.

In this episode, we're going to talk about the formula to create a six-figure income in the next 12 months. We're also going to look at real-life examples of people that have done this from scratch.

The new cryptocurrency economy is offering many new ways for entrepreneurs to generate revenue for their companies…
And I fully believe that EVERY entrepreneur needs to take Bitcoin very seriously.

As I eluded to in my Entrepreneur Magazine article on “5 ways to participate in the Bitcoin revolution“, Bitcoin is either going to be a source of prosperity for your business or you’ll be left in the dust.

In late 2013 I did my first-ever Bitcoin video that I asked, “Is Bitcoin a Good Investment?”

Well, here we are almost 3 years later and I wanted to do some updated analysis.

My initial thoughts on Bitcoin were positive, but in 2013 I saw significant risks and issued a warning that I thought a market crash was coming…

And that was a very unpopular opinion in the Bitcoin community, but turned out to be right.

During 2014, Bitcoin crashed from above $1,000 into the $200’s.

Then, in 2015 Bitcoin’s price based around the $200’s where I started to accumulate for a long-term investment. I was buying in the $200’s because I was bullish on Bitcoin long-term and felt that the pre-bubble price zone was a great value area to buy.

From the low’s of 2015, Bitcoin has gained about 400% as of mid-2016…

And this has given rise to a plethora of positive new pieces from the mainstream media like CNBC and Forbes.

So in this episode, we’re analyzing Bitcoin’s outlook into the second half of 2016 and beyond.

It's no secret that the financial market trading arena has gone through a few major shifts over the past couple of decades...

And with the advent of high-frequency computer algorithms, many old-school professional traders have been pushed out of the markets.

Even really smart guys like James Altucher shut down their hedge funds after the markets changed in 2008.

Yet, there still seems to be thousands of people looking to make a career out of full-time day trading.

So, is it still possible or is it another career pushed out of human hands into the control of automation?

Kyle Holzhauer has an inspiring story…

He began trading Bitcoin with the goal of helping to pay off his student loan debt. And thanks to hard work and trading the right methodology, he was able to start building wealth and pay off his student loans quickly.

Here’s what Kyle had to say about his experience trading Bitcoin:

“I began trading cryptocurrencies in 2013 – at the end of my college semester. I made MASSIVE mistakes, but only traded with $100.

I found your videos soon after – and kept trading with small amounts until I gained more confidence (even thought I just wanted to get right into it). I was definitely holding myself back.

I ended up making around $2700 – cashing out toward loans about a year and half ago took a couple months off – then bought back in with $480 dollars when bitcoin hit $160… with your trading and motivational videos, I was able to trade that $480 all the way up to about $50,000.”

In this episode, we're coming from Ngapali Beach in Myanmar, which is Trip Advisor's #1 beach for Asia in 2016.

We're talking with Ryan Russell who is a business consultant, entrepreneur, and mentor to entrepreneurs in Myanmar.

He was one of the pioneers in Myanmar, coming years before it was "normal" for Westerners to visit the closed-off country.

Andrew Thomas is a co-founder of SkyBell - a smart home security company that is making homes and neighborhoods safer – starting with the front door. The SkyBell Video Doorbell allows homeowners to see, hear and speak to the visitor at their door from a smartphone.

SkyBell has raised millions in funding, was named as a 2014 CES Innovations Award Nominee and is sold via Amazon, Best Buy and Home Depot.  Andrew is responsible for SkyBell’s business development and partnerships – leading SkyBell’s integrations and partnerships with Nest, Honeywell, Amazon, Apple, Comcast and more.

As a contributor, Andrew shares his ideas and experiences by writing, speaking and appearing in visual media. His articles have appeared on Forbes, Inc.com and Huffington Post – covering topics including startups, the Internet of Things, crowdfunding and personal growth. Andrew has been interviewed on national TV, print and industry podcasts.

Before SkyBell, Andrew directed web and mobile development projects for clients after beginning his career as a member of Google’s search relevancy team.  A sense of adventure led him to Shanghai, China where he managed web development projects for a large Chinese video game company.  Andrew graduated from USC with a BBA in Finance.

I’m really impressed by how the SkyBell team went from idea to a $600,000 crowdfunding campaign, to mass producing a high-quality product in just a few months.