Perennial Pride

Joining Tom Today is Erika Baldino, a title expert who helps to protect a family's biggest asset - their house. They dive into why it's important to protect the past history of the asset as it exchanges ownership. You have to know what you own and protect your future and your foundation - just like a house. Erika shares about 1030 exchanges of real estate investments so you can defer the taxes on gains of a rental property. Make sure you are taking responsibility so you can protect and keep more of your wealth from your biggest asset.

Highlights

• Getting to know the guest, Erika Baldino. - 0:16
• How she got to where she is. - 1:17
• What is title insurance and why is it important? - 4:51
• The 1031 exchanges in real estate. - 14:40
• How to get started in real estate: What you need to know. - 20:13
• Enrolling your real estate property in AirBnB. - 25:33
• What Picasso is. - 26:39
• New and exciting things about Erika to watch out for. - 32:18 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Erika Baldino
• https://www.kvnational.com/
• https://www.linkedin.com/in/erika-baldino-984a6625

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Tom shares how to look at good vs bad debt and how it can be used wisely to grow our wealth. Banks and other financial institutions do this, so why can't we? Many investors use their assets for collateral to borrow again. Get your dollars to do more than one job to help you towards ultimate freedom and control. Listen in to hear a different perspective on how borrowing money can accelerate your wealth rather than hinder it.

Highlights

• How debt can impact your life negatively. - 2:23
• The two ways how you can take on debt. - 3:30
• What good debt is? - 5:47
• How you can access credit upon building your assets. - 6:47
• Using debt to invest. - 9:03
• The benefits of using other people's money to leverage and invest. - 13:33 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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In today's episode, Tom and Estate Planning expert Rick Randall chat about why some people don't get their estate plans put together and the myths around estate planning. They further discuss the power of trust to help ensure assets are passed efficiently to the next generation and how to reduce the costs of the probate so your family gets to keep more. The majority of people don't have an estate plan in place. With some planning, you can ensure your family is prepared and gains access to the wealth you want for them. Listen in on how to make an impact on the next generation.

Highlights

• Who is Rick Randall?
• The three-step strategy to design a plan
• Why some people are not talking about death and estate planning
• The importance of family meetings in estate planning
• Preparing heirs for wealth transfers through family meetings
• Inheritance: The real value is in the values
• Benefits of starting estate planning early
• Life insurance in estate planning
• Spousal lifetime access trusts: Why you should keep your estate plan updated
• The top reasons why people do an estate plan
• Avoiding death taxes and maximizing capital gains through estate planning
• Reviewing your estate plan Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Rick Randall
• https://nnepa.com/
• https://www.linkedin.com/in/rickrandall52
• [email protected]

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Today, Tom shares his journey into real estate investing through his own family bank. He talks about the progress and what he learned along the way. He focused on the fact it's about the journey, not the destination. Through his family bank, he had the immediate cash flow to get involved with an experienced investor. It took him getting to a level of comfort before he felt confident to begin investing on his own. All this wouldn't have happened without control of his family bank.

Highlights

• How a young player overcame early struggles in his career
• The power of positive thinking in overcoming adversity
• The benefits of real estate investing
• How to get started in real estate investing
• How Tom learned the ropes of the real estate world and how it worked for him
• Different types of real estate investments
• How to leverage other teams to invest in real estate
• Different ways to invest in real estate methodology for financial investments Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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In today's episode, Tom talks about something near and dear to his heart: Preparing our families for the final phases of life. How do we transfer wealth efficiently to the next generation? He talks about the fundamental concepts, building blocks, and key principles to begin your steps to creating generational wealth.

Highlights

• How can you prepare your beneficiaries for the wealth that they'll receive?
• 7 key principles from "The Richest Man in Babylon" for financial success
• The building blocks of financial thinking
• 3 different ways to grow your wealth
• The hierarchy of wealth: Building your base and protecting your assets
• The different types of investments and how to mitigate risks
• Retirement and insurance planning for your future
• 7 ways to teach your kids about money
• The importance of talking about money in families

Episode Resources

• Richest Man in Babylon
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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In this last part of the "Wealth Beyond the Numbers" series, Tom focuses on what a positive mindset can do for you. He elaborates on the need to harness your own talents and how having the right mindset, the willingness to learn, and recognizing that encounters with others, can help benefit you and them. Tom ties all these things together in how it relates to your finances and control of your freedom.

Highlights

• The power of gratitude in achieving success
• The importance of a growth mindset in personal finance
• Understanding your financial situation
• How you can move forward and progress in achieving your financial goals
• Starting your journey of having the right mindset
• How having the right mindset can translate to your financial life Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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How to Listen:

• Subscribe on Youtube
• Listen on Spotify

Today in part 3 of "Wealth Beyond the Numbers," Tom talks about securing ultimate freedom and what it takes to get there. It starts with what was discussed in part one, owning the response and taking accountability. It's important to try and see the bigger picture. We all face challenges we can't always control. He describes how to get through obstacles in a logical fashion but also looks at them and learns how to move forward. Tom believes it's about having the ability and mindset to tackle anything.

Highlights

• What the book Wealthy on the Numbers is about
• The different books that changed Tom's perspective on life
• How to identify the key priorities in your life
• Why saying "NO" is an important thing
• How to create multiple streams of income
• What having the ultimate freedom means Episode Resources
• Man's Search for Meaning
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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How to Listen:

• Subscribe on Youtube
• Listen on Spotify

In part 2 of "Wealth Beyond the Numbers," Tom focuses on building self-awareness and creating a unique impact. He talks about the importance of discovering yourself with questions like - what drives you, what do you value, and what do you want to become? These help you determine what you need to do each day to achieve your goals and values. When it comes to finances - these questions will help you invest in things you believe in and what you want to achieve with your financial life.

Highlights

• What are the different steps involved in building self-awareness and creating a unique impact?
• How Tammi Brannan helped Tom in refocusing his daily life
• The top five values that drive people in how they operate and make decisions
• How you can start growing your wealth Episode Resources
• The World's Most Influential Values, In One Graphic
• http://blueprintprocess.com/
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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How to Listen:

• Subscribe on Youtube
• Listen on Spotify

Joining today is Aaron Chapman, a seasoned loan originator joins Tom today to talk about the hardships that helped him get where he is today. They talk about optimized daily experiences that are sustainable and create confidence in people to help them move forward with real estate investing. Aaron believes IBC is the "holy grail" in creating wealth - the foundation for wealth that gives you options to then come and work with someone like him. Listen today to see how IBC and conventional funding can work together for you!

Who's The Guest? Aaron Chapman is a veteran in the finance industry. He started back in 1997 after exiting the mining, heavy equipment, operation, welding, and long haul truck driving. After entering the finance industry, his clientele has ranged from those purchasing their first home, building their dream home, or investing in multiple properties for long-term cash flow.

Highlights

• How did Aaron get started?
• How the accident back in 2008 impacted them in the long term.
• What is the definition of happiness for Aaron?
• The different factors are important in handling a deal.
• What determines the cash-on-cash return?
• What is the real value of the real estate?
• How to compute the value of your investments.
• Determining your positive and negative cash flow.
• How to get in touch and know more about Aaron?

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Aaron Chapman
• https://snmc.com/
• https://www.aaronbchapman.com/
• https://www.linkedin.com/in/aaronbchapman
• http://qjoinitiative.com/

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Apple Podcasts Listen on Spotify

It's National Savings Day! In today's episode, Chris and Tom talk about the definition of saving vs investing, how banks operate, and different options for saving money (you guessed it - Whole Life Insurance). Chris shares some of the key benefits of how Whole Life Insurance could mimic what your bank account could do and then some. Listen to learn about maximizing efficiency and resources so you can get the biggest benefit and impact!

Who's The Guest? Chris Tormey has been working with clients in the financial industry for over three decades. Earlier in his career, he was a founder and risk management specialist for two hedge funds. Chris also began his career as a derivatives specialist and worked at several investment banks helping clients with money management and hedge funds.

Chris also earned his MBA in Investment Management at the University of Virginia's Darden School of Business, where he was the Presiding Partner of the school's investment fund and President of the Investment Club.

Highlights

• Who is Chris Tormey?
• Why is it hard for some people to save?
• What is the purpose of having savings?
• The best places to store your savings.
• What are the advantages and disadvantages of storing money in banks?
• The IRS' involvement in insurances
• How can you set up your policy to start moving money? Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/
• https://www.linkedin.com/in/chris-tormey-318ab112

How to Listen: Subscribe on Apple Podcasts Listen on Spotify