Purpose-Driven Wealth

Understanding due diligence goes beyond knowing what's going on. You have to be willing to do the work no matter how mundane it is and be willing to take the time to ensure your investment and investors are in good hands.

In this second episode in a two-part series of the Purpose-Driven Wealth podcast, Mo Bina welcomes back Chris Carsley in a continuation of their discussion on due diligence in alternative investments. Diving deeper, they discuss about specific areas to focus, inefficiencies, repeatability, and risk management, to name a few.

Here's what you will expect in this episode:

• Core areas of investment, operations, and investment.
• Economic due diligence and related examples.
• Common areas of focus on investment due diligence
• Inefficiencies, repeatability, and government regulation
• Important areas of operational and business due diligence.
• Be willing to walk away, ignore FOMO.
• Key items when analyzing an investment strategy.
• Portfolio risk, correlation of assets, and counterparty risk
• Investment monitoring and internal risk management
• Valuable suggestions for doing due diligence.

About Chris Carsley:

Chris Carsley brings over 25 years of investment industry expertise specializing in corporate and venture finance, business valuation, business operations efficiency, regulatory compliance practices, securities research, portfolio management, arbitrage trading and hedging. Previously, Chris was Managing Director of Bluewater Global Ltd., an international holding company where he performed corporate analysis and invested in a variety of direct and indirect venture capital projects.

Prior to entering venture capital investments, Chris was responsible for the creation of the business risk and operational due diligence program as a senior member of the investment research and analysis team at Benchmark Plus Management. He was also the head execution trader of futures, options and OTC based trades for the Benchmark Funds. Chris was a trader for Paloma Securities where he negotiated and structured ISDAs, securities lending, and financing agreements that targeted global arbitrage opportunities primarily for Canadian and European markets. Chris was also a senior member of the hedge fund security finance team performing due diligence for the Paloma hedge funds to assist in enhanced finance/margin treatment and short coverage costs.

Chris Carsley Links:

Website: https://kirklandcapitalgroup.com/

LinkedIn: https://www.linkedin.com/in/chris-carsley-cfa-caia-965696/

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

Most of us has a full understanding of the challenges that life is throwing at us, yet we understand so little about how our brain works in response to these challenges.

In this episode of the Purpose-Driven Wealth podcast, Mo Bina welcomes back Deirdre Morrison in a very interesting conversation about how your brain works, and how to work your way in dealing with marginal losses. Deirdre has previously discussed about how our brain functions and how to better harness its ability. In today's discussion, they cover the topic of how people can reduce and eliminate these marginal losses and understand how our brain is wired to deal with them.

Here's what you will expect in this episode:

• What are marginal losses?
• Self-awareness and Self-Observation is the key
• What if we accumulate too many marginal losses?
• Not having enough self-compassion
• What we can do to reduce and eliminate accumulated losses.
• On Discipline and structure.
• Extending compassion and support
• Acknowledging that everyone has to start somewhere.
• Your brain has a core mission to keep you safe.

About Deirdre Morrison:

Deirdre Morrison graduated with a degree in Art and Design, which was a stepping stone on her lifelong journey with ideas, insight, and learning. Early career experience includes the arts sector; public relations and communications; commercial photography, and craft businesses.

Deirdre has worked extensively in helping emerging entrepreneurs and solopreneurs to develop their skills and confidence through group and individual coaching. Additional interests include the Japanese sword art of Kendo and recreational road cycling.

Building on her passion for creativity, ideas, and entrepreneurship, Deirdre works with individual clients and teams in the NeuroCreative™ Studio. She blends applied neuroscience coaching techniques and neuroeducation to help her clients achieve greater understanding of how their brains work, and what this makes possible for them.

She founded the NeuroDevelopment Institute to create greater understanding of the human brain on a global level and build bridges between various levels of interest in this sphere, including practitioners, researchers, and end users.

Deirdre Morrison Links:

LinkedIn: https://www.linkedin.com/in/deirdremorrison/

Client work: https://neurocreative.studio

Non-Profit: https://neurodevelopmentinstitute.com

Podcast: Purpose-Driven Wealth

Episode: Episode 103 - Your Slice of the Sunset - Fractional Ownership of Vacation Homes

When we go on vacations, we can't help but wonder how it would feel to own something like that vacation spot you enjoyed. What if you can participate in an investment specifically dealing with vacation rentals?

In this episode of the Purpose-Driven Wealth podcast, Mo Bina talks with Jack Donnell about Fundhomes, and the basics of a fractional investment model in vacation rentals. They also talk about the effect of inflation on these assets, as well as risks associate with them. The fractional investing model can work with alternative investments, as its space is very diverse and new asset classes are coming out every now and then.

Here's what you will expect in this episode:

• A fractional investing platform for vacation rentals
• How do they curate and vet investment properties?
• A combination of income plays and appreciation.
• Taking into account market corrections and loss of value.
• Preferred markets or geographical areas.
• Correlation of these investments compared to traditional ones.
• The effect of inflation on different assets
• Types of risks associated with vacation rentals.
• Types of investment offered and investors they work with
• Connecting and pooling investors with others
• Having a deep background in property management
• Encouraging people to try fractional investing model in alts.

About Jack Donnell:

Jack Donnell is a seasoned professional with a diverse background in customer success, marketing, and project management. Currently, Jack serves as a Customer Success Associate at Instacart in the United States, where he has been contributing for the past 2 months. Prior to this, he worked as a Growth Marketing Manager at Fundhomes in Newport Beach, California, for 1 year and 2 months. Jack also gained extensive experience as a Customer Success Manager - Onboarding at Sprout Social, Inc. in Seattle, Washington, for 1 year and 6 months, excelling in customer satisfaction and social media marketing strategies. His expertise extends to areas such as product marketing, social listening, Facebook Ads, Google Ads, UTM, Google Analytics, API integrations, and social media marketing. With a background that includes project management and engineering, Jack's professional journey includes roles at SmartSpace AI, Irvine Company, and 10th Street Aquatics. He holds a Bachelor of Business Administration in Business Administration and Management from Brandman University and a Bachelor of Business Management from Montana State University-Bozeman, with a strong foundation in management and marketing.

Jack Donnell Links:

Website: www.fundhomes.com

Email: [email protected]

Linkedin: https://www.linkedin.com/in/jack-donnell/

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

Wealth is not only measured by what you have saved, but also by whom you have helped.

In this very special episode of the Purpose-Driven Wealth podcast, Mo Bina shares the table with Joseph Bradford, the founder of B.A.R.E. Truth Inc, as they discuss about the key issues surrounding homelessness in the country, and what their organization does to help as many people as they can. Joseph's inspiring journey through life gave rise to his initiative.

Here's what you will expect in this episode:

• A story with the first homeless person he hung out with.
• How he ended up establishing the organization.
• Key programs and initiatives
• Housing program and mentorship for youth.
• Thoughts on dealing with the homelessness issue.
• Humanizing the homeless and partnering with doctors
• How the pandemic has affected their organization.
• Homelessness doesn't have a face.
• Other events the organization hosts
• Fund raiser drives and dealing with rejection.
• Knowing the right person makes all the difference.
• A purpose driven wealth.
• The vision for the organization
• A call for volunteers, ideas, and suggestions.

About Joseph Bradford:

Joseph Bradford is a dedicated professional with a remarkable career spanning various domains, including mentoring, property management, financial advisory, and talent management. As the Founder of B.A.R.E. Truth Inc, he has spent over seven years tirelessly working to uplift impoverished individuals and families in the Greater Los Angeles Area, offering mentorship and wellness services to empower them to lead healthier, purpose-driven lives. Joseph's five-year tenure as a Property Manager at The John Stewart Company involved providing housing to formerly homeless individuals, demonstrating his deep commitment to improving the lives of vulnerable populations. In addition to his philanthropic work, he served as a Financial Advisor at WFG - World Financial Group and operated as the Owner of Achieve A Dream, a talent management company. Joseph's impressive educational background includes an Associate's Degree in Intermedia/Multimedia from IADT Orlando Fl and a Bachelor of Business Administration (BBA) from Santa Monica College.

Joseph Bradford Links:

Website: www.baretruthinc.org

Instagram: @official_bare_truth

TikTok: @bare_truth_inc

Podcast: Purpose-Driven Wealth

Episode: Episode 101 - Warehouse Wealth - Exploring Industrial Real Estate and Sale-Leasebacks

We have heard lessons and discussions from market experts focusing on specific sectors of the real estate, but not much on what investors dub as "the ugly asset". Join us and discover the nuances of the opportunities in the Industrial Real Estate.

In this episode of the Purpose-Driven Wealth podcast, Mo Bina speaks with Judd Dunning, a seasoned broker and the President of DWG Capital. Judd shares his knowledge in evaluating Industrial Real Estate deals, as well as explaining what a Sale-Leaseback is. Between the lessons and the thought-provoking statistics, this is a real estate discussion you don't want to miss.

Here's what you will expect in this episode:

• Judd's family history in Real Estate
• How he got into real estate from entertainment.
• Outlook on industrial and multifamily real estate.
• Why retail investors are drawn to multifamily than industrial.
• People forget the asset type when they see the number.
• What is a sale leaseback?
• The manufacturing sector in investment numbers.
• Discussion on geographic markets.
• The political exposure component of investments.
• Main points on checklist when evaluating a deal.
• Do a rent survey.
• Price per square foot
• Location: know your neighborhood
• Do a background search.

About Judd Dunning:

Judd Dunning is a principal and well-known seasoned broker in Los Angeles. He is the recipient of Los Angeles Business Journal's 2022 Community Impact Deal of the Year award and a Commercial Executive Broker of the Year nominee, as well as Co-Star Power Broker award winner. With 19 successful years of institutional brokerage at the nation's top real estate firms, Mr. Dunning has executed over $1B+ of transactions and hundreds of millions of dollars in debt and equity placement. In 2021 to 2023, he closed more than $1B in real estate transactional volume including nine sale-leasebacks with a book value of more than $50M. Over his well-established career, Mr. Dunning's core emphasis has been providing strategic, institutional-level advisory services for stabilized, value-add and distressed retail, office, industrial, multifamily and development assets. He maintains a superior roster of clients, including many prominent institutions, funds and private clients.

Mr. Dunning's and his team's primary objective is simple: to deliver the highest quality commercial real estate transactional investment sale and capital markets advisory possible for his clients via DWG's seasoned, intelligent institutional-grade platform. Investment Sales. Capital markets. Done. That's DWG.

Judd Dunning Links:

DWG Capital Website: https://dwgcapitalpartners.com

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

Podcast: Purpose-Driven Wealth

Episode: Episode 100 - Mastering the Ups and Downs - Secrets for Wealth in Economic Cycles

Market cycles, in the world of wealth management, is a hidden gem hiding in plain sight, but its utility is only for those who understands it in the right context and the right timing.

In this episode of the Purpose-Driven Wealth podcast, Mo Bina welcomes back Akhil Patel, author of a new book, The Secret Wealth Advantage, in a very engaging discussion about Economic Cycles in the current context. In Akhil's first appearance (Episode 28), they have discussed about understanding economic cycles and its implications for investors. Moving forward to today, Akhil gives a very valuable perspective about what to expect in the current market cycle, as well as tips for those interested in the real estate market.

Here's what you will expect in this episode:

• Key takeaways from Akhil's new book.
• About The Handbook of Wealth Secrets.
• The main economic cycle.
• Where are we in the cycle now?
• A projection of the next major crisis.
• What can people expect for the remainder of this cycle?
• On the speculative phase for different asset classes.
• Building up a cash reserve and educating yourself
• On major blind spots in the current economic model

About Akhil Patel:

Akhil Patel is the Director of Property Sharemarket Economics, an investment research service that teaches subscribers how to 'remember the future' based on leading knowledge of economic and financial cycles.

Akhil became interested in such cycles after his family's business went through difficult periods during the major recessions in the early 1990s and 2008. He refused to accept the conventional wisdom that these events could not be forecast in advance. After much study, he decided to develop a body of work that would help people – whether they were investors, business owners or those just interested in doing something with their savings.

With professional experience in the UK civil service and international development, Akhil has worked on a range of issues from reviewing large infrastructure deals to helping establish the UK's £3bn International Climate Fund. He has two masters degrees (in finance and public policy) and a first degree in classics from Oxford.

Akhil Patel Links:

Akhil's Book on Amazon.com The Secret Wealth Advantage: https://www.amazon.com/Secret-Wealth-Advantage-profit-economys/dp/0857198572/ref=sr_1_1?crid=13IWJ0YIHBKM8&keywords=the+secret+wealth+advantage+-+akhil+patel&qid=1692378476&sprefix=secret+wealth+a%2Caps%2C182&sr=8-1

The book site is: www.thesecretwealthadvantage.com

Property Sharemarket Economics: www.propertysharemarketeconomics.com

Free newsletter sign up: https://propertysharemarketeconomics.com/newsletter-property-share-market-economics/

Boom Bust Bulletin (entry level newsletter): https://propertysharemarketeconomics.com/subscribe-to-boom-bust-bulletin/

LinkedIn: www.linkedin.com/in/akhilgpatel

X/Twitter: @akhilgpatel

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

Due diligence is the most important aspect of making an investment. Though an institutional level investment firm has a massive system for making sure everything checks out, it pays to know how these things are going from the perspective of an expert.

Join us in this episode of the Purpose-Driven Wealth podcast, as Mo Bina interviews Chris Carsley of Kirkland Capital Group. This is a must-see, must-listen episode for aspiring investors, as well as those who have already established themselves in investing. Learn about the importance of due diligence, and how pros like Chris get it done the right way.

Here's what you will expect in this episode:

• Due diligence in various types of assets
• What are alternative investments and what are the major types?
• Advantages in including alternative investments.
• A true hedge fund and the best risk adjusted return.
• Potential disadvantages in alternative investments
• Due diligence includes operational side.
• Major areas or categories of due diligence
• Dealing with information blocks and site verification
• How institutional level firms perform due diligence.
• Recourse when style drift happens.
• Recurring red flags from their experience.

About Chris Carsley:

Chris Carsley brings over 25 years of investment industry expertise specializing in corporate and venture finance, business valuation, business operations efficiency, regulatory compliance practices, securities research, portfolio management, arbitrage trading and hedging. Previously, Chris was Managing Director of Bluewater Global Ltd., an international holding company where he performed corporate analysis and invested in a variety of direct and indirect venture capital projects.

Prior to entering venture capital investments, Chris was responsible for the creation of the business risk and operational due diligence program as a senior member of the investment research and analysis team at Benchmark Plus Management. He was also the head execution trader of futures, options and OTC based trades for the Benchmark Funds. Chris was a trader for Paloma Securities where he negotiated and structured ISDAs, securities lending, and financing agreements that targeted global arbitrage opportunities primarily for Canadian and European markets. Chris was also a senior member of the hedge fund security finance team performing due diligence for the Paloma hedge funds to assist in enhanced finance/margin treatment and short coverage costs.

Chris Carsley Links:Website: https://kirklandcapitalgroup.com/

LinkedIn: https://www.linkedin.com/in/chris-carsley-cfa-caia-965696/

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

The journey of a Real Estate entrepreneur can transcend borders if they so choose. Where others aspire to own property outside of the country, some people are already living the dream.

Tune in to this episode of the Purpose-Driven Wealth podcast as Mo Bina speaks with Fletcher Wheaton of Cabo Key Real Estate, as they talk about Real Property investments in Mexico, the environment and atmosphere, and finance basics you need to know.

Learn about the Pros and Cons of buying properties, as well as the related risks and tips for those who want to start buying a piece of paradise.

Here's what you will expect in this episode:

• Fletcher's background and moving to Mexico.
• Geographic markets in Mexico
• General environment and atmosphere in Cabo Key
• Language, Tourism, and Transportation
• Pros and Cons in purchasing real estate in Mexico.
• Financing in the US versus other parts of the world
• Pre-Construction and related risks
• Paying attention to market cycles
• Property uses for typical buyers.
• Current demand and supply in Mexico
• Very low property tax
• Tips on buying properties for foreigners.

About Fletcher Wheaton:

Fletcher Wheaton started out in real estate by buying and renting investment properties in his hometown of New Orleans, LA in 2008. In 2015, he fell in love with Baja on a real estate scouting trip to Los Cabos and has lived here ever since. He specializes in pre-construction, vacation homes and investment rental properties - he also owns multiple rental properties here in Los Cabos. Fletcher enjoys the outdoors where you can find him mountain biking, fishing or golfing when he isn't doing real estate.

Fletcher Wheaton Links:Website: https://cabokey.com/

YouTube: https://www.youtube.com/channel/UCtgoukcsVZ9pOUBnOWsC5Vg

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

Sending money to just anywhere in the world is a simple process but carries a lot of restrictions and limitations. The advent of Bitcoin and its lightning network bypasses those limitations in terms of transferring value with finality in the same acceptable level as being handed a 20-dollar bill where nobody can question that you have that amount of value.

Join us in this episode of the Purpose-Driven Wealth podcast as Mo Bina interviews Christopher Calicott of Trammell Venture partners, the VC industry's first Bitcoin-native fund. Learn more about why institutions and large players from Wall Street are very interested in accumulating Bitcoin, as well as taking part in developing use cases aside from existing systems and utilities.

Here's what you will expect in this episode:

• Christopher's background and early exposure to Bitcoin
• How TVP started, and why the focus on Bitcoin
• Crypto Ventures vs Bitcoin startup investing
• Manipulating bitcoin is a near impossibility.
• Smart Contracts and utility of Lightning Network
• Adoption and use as micro payment system.
• The different variables of growth
• The inevitability of step function in price level
• Wall Street and large players getting involved.
• Hurdles for bitcoin to become a new monetary order.

About Christopher Calicott:

Christopher is the career technologist who knows a few things about the internet, Web2, and bitcoin. Having been there from the start (i.e. before Google was a thing), it's no surprise that his core strength lies in tech strategy and market analysis.

A native Texan, Mr. Christopher speaks three (yes, three) languages. After an MBA in Madrid, he moved back to Texas to build TVP with an old buddy. The rest is history. Since then, he's moved the needle on policy by sitting on the Texas Blockchain Council's board of directors, where he championed Texas HB4474 which was signed into law by the Texas governor. Not bad

Before the world knew the power of decentralization, Christopher witnessed digital currencies fail. But then, an old friend introduced him to Bitcoin. He even recalls extravagant celebrations over wine as its price hit $30 and $100 (gulp). While many scoffed at the prospect, he encouraged macroeconomics professors to take note. As he watched Bitcoin succeed past its expected life, he knew he had a unique opportunity. Thus, TVP was born. Acting as a partner, he's now participated in countless venture rounds — from Kraken to Unchained and Voltage.

Christopher Calicott Links:Website: https://tvp.fund/

LinkedIn: https://www.linkedin.com/company/trammell-venture-partners

X / Twitter: https://twitter.com/trammellvc

Telegram: https://t.me/trammellvc

Discord: https://discord.com/invite/fqT7urCtnp

https://tvp.fund/whitepapers/bitcoin-venture-capital-research/

Connect with Mo Bina on…

Website: https://www.high-risecapital.com/

YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured

Instagram: https://www.instagram.com/highrisecapital/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:

https://www.high-risecapital.com/resources-index

Podcast: Purpose-Driven Wealth Episode: Episode 96 - Diamonds - A Cut Above in the World of Investing

The most consistent lesson in investing is that all assets carry a certain risk, and price is dependent on the market. Investors are always on the lookout for new asset classes to help diversify their portfolio as a way to enhance risk mitigation.

Join us in this episode of the Purpose-Driven Wealth podcast, as Mo Bina talks to Chris Dessi of Diamond Standard about how they created the first and only regulator-licensed diamond commodities. Learn about how they successfully leveraged the blockchain technology in establishing diamond as an investable asset class.

Here's what you will expect in this episode: A lot of steps to following your passion Dealing with the work-life balance Understanding your time limitations and executing on that Structure and routine help keep you on track. Working with Cormac Kinney – Founder of Diamond Standard The diamond industry, and the supply and demand drivers Leveraging the blockchain technology in Diamon Standard Coin The world's most efficient diamond buyer Democratization of diamonds as an asset class 2% of the mined diamond is a $200 billion market. Correlation of this asset class with traditional investments On investors looking to diversify their portfolio Are there asset specific risks in investing in diamond? An investment vehicle for accredited investors

About Chris Dessi:

Chris is the Chief Revenue Officer at Diamond Standard. He is a renowned serial Tech entrepreneur, 3x author, and TEDx speaker. Chris is the former founder & CEO of Silverback Social (sold to Performline, Inc), winning the SmartCEO Future 50 Award in 2016. Chris has a BA in Psychology from Loyola University Maryland and an MS in Direct and Interactive Marketing from New York University. He regularly appears on CNBC, CNN, Fox News, Good Day New York, & FOX BUSINESS's Varney & Co

Chris Dessi Links: Website: https://www.diamondstandard.co/ Reach Out Directly to a Sales Associate: https://diamondstandard.idevaffiliate.com/172.html

Connect with Mo Bina on… Website: https://www.high-risecapital.com/ YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram: https://www.instagram.com/highrisecapital/ Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index