Purpose-Driven Wealth

Creating true wealth is having assets that produce cash flow, which is often found in commercial and residential rental real estate. This notion is what our guest, Paul Moore, founder, and managing partner of Wellings Capital, imparts in this episode of Purpose-driven Wealth. As someone who's been in the business for years, Paul sees that many folks are speculating instead of investing and have no idea what's the difference between the two. Take, for example, the things that can be done to multifamily as a great investment and turn it into speculation. He then shares how to refine your investment thesis through strategies for investing, recession-resistant investment, market insight, and more! So tune in and enjoy!

In this episode, Paul talks about…

• Paul's background in real estate
• The Perfect Investment
• Recession-resistant investments
• Inflationary hedge component of real estate.
• What is the likelihood of stagflation in the future?
• The two most powerful forces ever known to man
• What were the previous funds like, and how are they structured?
• Finding good sponsors

About Paul Moore…

Paul Moore is the founder and managing partner of Wellings Capital, a company that vets and invests in large-scale commercial real estate projects, including self-storage syndications. In the real estate sector, Paul has been investing for more than twenty years—he has completed more than one-hundred real estate investments and exits, appeared on an HGTV special, developed a waterfront subdivision, built and managed a large multifamily property, and launched a successful online real estate marketing firm. Paul co-hosted How to Lose Money, a wealth-building podcast, contributes to BiggerPockets.com and Fox Business, and is a two-time Finalist for Michigan Entrepreneur of the Year.

Catch Paul Moore on…

Wellings Capital website: https://www.wellingscapital.com/

Storing Up Profits book: https://www.amazon.com/Storing-Profits-Capitalize-Obsession-Self-Storage/dp/1947200488/ref=sr_1_1?crid=3AK57H09T7O0N&keywords=paul+moore+storing+up+profits&qid=1648843416&sprefix=paul+moore+%2Caps%2C225&sr=8-1

The Perfect Investment book: https://www.amazon.com/Perfect-Investment-Enduring-Historic-Multifamilyebook/dp/B01M0UDZ4D/ref=sr_1_1?keywords=the+perfect+investment&qid=1648843484&s=digital-text&sprefix=paul+moore+the+perfect+inve%2Cdigital-text%2C133&sr=1-1

Connect with Mo Bina on…

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

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

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

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

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

Join Mo Bina and Derek Bullen in this exciting episode of Purpose-Driven Wealth as Derek makes a case for how wealth creators benefit society. Derek debunks the common notion that the rich get richer and the poor get poorer. Instead, he believes that as the rich get richer, fewer and fewer people are in poverty. He explains that most of the money of the rich gets paid to other people like employees, landlords, vendors, and the government in the form of taxes. The owner gets to keep a small percentage, about 9% of the money, but 91% gets paid out to everybody, creating wealth for other people. There's more to unpack in this episode. So tune in and enjoy!

In this episode, Derek talks about…

• His background and why he wrote his book.
• Jeff Bezos and the wealth he creates for the world
• What rewards the society gain from successful entrepreneurs?
• What's the bias of the media in the US?
• Student loans are an entitlement program, not a free market.
• The labor shortage in the United States is more than a labor shortage.
• What are the long-term effects on society if people aren't doing something?
• The hatred for the rich
• Fear Porn in New York and Canada.

About Derek Bullen…

Derek Bullen is Founder and CEO of S.i. Systems, one of the largest professional services companies in Canada, with thousands of information technology consultants working on projects for blue-chip corporations and government agencies across Canada.

Catch Derek Bullen on…

Website: https://www.bullenbooks.com/

Amazon: https://www.amazon.com/dp/1988025702?tag=&linkCode=ogi&th=1&psc=1

Connect with Mo Bina on…

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

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

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

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

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

Actions, reactions, and interactions are the main things we do as relational beings. Understanding why we approach all these things in a certain way can lead to better and improved choices. But how do we achieve these? Maybe it is time to update our brain's operating system. To learn more, tune in to this episode of Purpose-Driven Wealth with your host, Mo Bina, and guest, Deirdre Morrison.

Deirdre shares that getting to know more about our brains to understand the functions of the different components could help us tap into the tools and abilities we can harness. Tune in to learn more!

In this episode, Deirdre talks about…

• "Brain aware" concept
• Our reticular activating system
• Schools and environments where children are taught to do things are not necessarily the best way for them to learn.
• What is neuro-creative, and how can it be harnessed and improved upon?
• What attracted Dierdre to coaching professionals?
• Do successful people think differently than non-successful people?
• How successful people approach the fear of loss differently than non-successful people.
• How do cognitive biases relate to the concepts of "brain aware" and newer creativity?

About Deirdre Morrison…

Deirdre Morrison is a serial entrepreneur, public speaker, certified neuro transformational coach, podcast host, and founder of a nonprofit organization called the neuro Development Institute.

The NeuroDevelopment Institute exists to promote awareness of the changes we can make to our human potential, using applied neuroscience and a greater understanding of how our brain/body/emotion matrix works.

Catch Deirdre Morrison on…

Podcast: https://ambitionincubator.com LinkedIn: https://www.linkedin.com/in/deirdremorrison/ Client work: https://neurocreative.studio Non-Profit: https://neurodevelopmentinstitute.com

Connect with Mo Bina on…

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

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

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

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

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

Welcome to Purpose-Driven Wealth! In this episode, Mo Bina shares a conversation with a former US Navy Special Warfare Combatant Craft Crewman (SWCC) turned real estate entrepreneur, Phil Capron. Phil talks about the unique challenges a Veteran faces, especially on the financial side, and what they can do to address this based on his experience. He also shares his passion for helping Veterans and Active Duty Military Members achieve financial freedom through Real Estate Investment. Tune in and enjoy!

In this episode, Phil talks about…

• His journey from a confused 24-year-old to a 38-year-old real estate entrepreneur
• House hacking
• Airbnb exploration
• Unique financial challenges the Veterans faces
• His book: Your VA Loan and How it Can Make You a Millionaire

About Phil Capron…

Phil Capron learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty.

He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia.

10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. He wrote his first book "Your VA Loan: and How It Can Make You a Millionaire" in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate, Mission First Capital.

Catch Phil Capron on…

Website: https://missionfirstcapital.com/

Facebook: https://www.facebook.com/missionfirstcapital/

LinkedIn: https://www.linkedin.com/company/missionfirstcapital/

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

YouTube: https://www.youtube.com/channel/UCYkouRejBadZ89sJw153lAw

Connect with Mo Bina on…

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

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

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

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

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

Although Bitcoin has recently become a popular investment vehicle, many are still wary of jumping on board. Join your host, Mo Bina, and guest, Greg Foss, in this episode of Purpose-Driven Wealth as they debunk erroneous concepts about Bitcoin. Greg shares about Bitcoin being the best asymmetric trade opportunity due to its rising potential up to 100 times in value. This means that even if only 5% of your portfolio is in Bitcoin, it can protect the 95% of your Fiat Ponzi portfolio. He also explains the meaning of Credit Default Swap and how it works. If you want to know more about Bitcoin and be a better risk manager, this episode is for you!

In this episode, Greg talks about…

• His journey to becoming a financial engineer
• How bond trading works
• Bond markets and equity markets
• Credit markets and their causal effect on equity markets
• Credit Default Swaps
• The contagion effect
• Bitcoin as an insurance policy
• Bitcoin and the accusation of it being a waste of energy
• Greg on hedging risks with different tools

About Greg Foss…

Greg has spent over thirty years in financial markets with a focus on trading high-yield credit. He has worked on both the sell-side of the street (TD Securities) and the buy-side having been a Managing partner of Credit Strategies at a successful hedge fund team during the great financial crisis in 2008/09. Greg was a founding shareholder at 3IQ, one of Canada's largest digital asset managers. Greg has a passion for Bitcoin and is currently an executive and shareholder at Validuspower.com where he focuses on strategic initiatives within the Bitcoin ecosystem.

Follow Greg Foss on…

Website: https://lookingglasseducation.com/

Twitter: https://twitter.com/FossGregfoss

LinkedIn: https://www.linkedin.com/in/greg-foss-a553ab32/

Connect with Mo Bina on…

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

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

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

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

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

In this episode of Purpose-Driven Wealth, Mo Bina and Matthew Iak talk about the tax advantages of oil and gas investing. From Matthew's perspective, the oil and gas investment is the best financial planning tool because it can get so much more return in a faster period. This time value allows you to do other things with that cash, like investing it back in other asset classes. He also added that tax deductions contribute to higher and faster cash flow. To learn more about investing in the oil and gas space, tune in and enjoy!

In this episode, Matthew talks about…

• Oil and gas performance in hyperinflation or stagflation
• Opportunity zones and their benefits to oil and gas investors
• Mineral rights and mineral vertical working interests
• On why the tax code incentivized domestic energy development
• Types of structures and offerings available for investors that are interested in oil and gas
• Financial advisor – the best conduit to get to energy

About Matthew Iak…

Matthew Iak is the Executive Vice President of U.S. Energy Development Corporation and a member of the company's Board of Directors. He has overseen the capital raise of more than $1.6 Billion since he joined the company in 2005.

Mr. Iak has extensive knowledge of private placement, Regulation D, and estate and tax planning strategies. He has led the construction and underwriting of multiple new investment structures in the oil and gas space which include, energy 1031 exchange funds, private capital acquisition funds, and most recently qualified opportunity zone funds.

In addition to being on the Board of Directors at U.S. Energy, Mr. Iak is a member of the company's second generation leadership team, serves as the President for a series of family real estate and real estate management companies, and is the CEO and President of U.S. Energy's Managing Broker Dealer, Westmoreland Capital Corporation. Mr. Iak is also a board member for Real Asset Advisor.

Prior to joining U.S. Energy, Mr. Iak worked as a financial advisor and oversaw client assets in excess of $1 Billion.

A highly sought after public speaker, Mr. Iak is frequently invited to present within the financial community on oil & gas economics, taxation, and financial planning. Mr. Iak is a graduate of Canisius College and holds his FINRA Series 7, 24, 63, and 66 licenses.

Catch Matthew Iak on…

Website: https://www.usedc.com/

LinkedIn: https://www.linkedin.com/company/u.s.-energy-development-corporation/

Connect with Mo Bina on…

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

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

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

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

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

Some might say that Retail Real Estate Industry has been hit hard in recent years, but this could not be further from the truth. In this episode of Purpose-Driven Wealth, your host, Mo Bina, and Heath Binder strip away a lot of the noise and correct the narrative regarding Retail. Heath shares that although e-commerce sales have been increasing, they could not replace the need for a physical store that gives a different kind of shopping experience.

In this episode, Heath talks about:

• Heath, after reading The Economist
• Cap rates in the retail sector
• The truth about the retail apocalypse narrative
• LBX Investment's particular type of geographic market
• Evaluating the quality of tenants
• and so much more!

About Heath Binder:

Heath Binder manages Investor Relations for LBX Investments. In this role, he oversees investor relationships with both high net worth and institutional capital, financial reporting, and marketing efforts for LBX.

Heath has 16 years of experience in commercial real estate and financial services. Prior to joining LBX, he managed investor relations for Big V Capital and previously for RealtyMogul.com.

Prior, he worked with ultra-high net worth real estate investors at Barclays Wealth in Los Angeles. Previously, he began his real estate career with Colliers in 2002, then worked as an equity REIT analyst at UBS.

Heath has an MS in Real Estate Finance from New York University.

Follow Heath Binder on:

Website: https://www.lbxinvestments.com/

Email: [email protected]

Connect with Mo Bina on:

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

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

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

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

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

In this episode of Purpose-Driven Wealth, Mo Bina and Doug Ressler talk about why investors are turning to Build-to-Rent Homes. As manager of Business Intelligence at Yardi Matrix, Doug shares the real-time data acquisition and how these data show the significance of Build-to-Rent Homes in investments as people consider the current market status, consumer purchasing power, and lifestyle choices of each generation. Tune in to learn more!

In this episode, Doug talks about…

• Yardi Matrix and its real-time data acquisition
• Difference between single-family rentals and Build-to-Rent Homes
• Perceptions about large rental population properties
• The significance of Build-to-Rent Homes
• Yardie Matrix's goal of providing data to users to make intelligent and informed choices

About Doug Ressler…

Doug is a manager of Business Intelligence at Yardi Matrix, a commercial real estate platform that collects and organizes data on various commercial real estate industries. Doug has over 12 years of industry experience in commercial real estate. Previously, Doug worked as an intelligence analyst for Pierce-Eislen.

Catch Doug Ressler on…

https://www.yardimatrix.com/blog/

https://www.commercialcafe.com/blog/

https://www.rentcafe.com/blog/

Connect with Mo Bina on…

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

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

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

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

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

Is digital currency the next phase of money? Join Mo Bina and Joseph Brown as they talk about the evolution of money. Joseph is passionate about debunking traditional and mainstream investing advice. He likes to dive deep into the nitty-gritty part of finances and investment so he can help people understand beyond the common understanding of finances. He believes that attaining deeper knowledge would help people prepare for the coming economic storms.

In this episode, Joseph talks about:

• Why traditional investing advice is wrong
• The three phases of money
• On risk as something that cannot be eliminated, only transferred
• Central Bank digital currencies and their effect to financial well-being
• Getting your wealth outside the traditional financial system
• Parallel Markets and other ways to financially protect yourselves

About Joseph Brown:

Joe is the founder of heresy financial, which helps people learn how money works so that they can control their financial security. Heresy financial provides people with a financial education needed to prepare for the coming economic storms.

Follow Joseph Brown on:

Youtube: https://www.youtube.com/heresyfinancial Twitter:@heresyfinancial Website: https://heresy.financial/

Connect with Mo Bina on:

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

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

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

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

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

As a business person, our guest for this episode thought that intuition is a little far-fetched when relating it to business. She soon realized how significant intuition is in bringing success to every business venture. To know more about this, join Mo Bina and Adapia D'Errico in this another episode of Purpose Driven Wealth. AdaPia d'Errico is the overseer of Alpha Investing's growth strategy with an emphasis on investor growth and relations. She shares how self-awareness brought out her confidence in herself and in the decisions she makes. This confidence provided a pathway for growth and acceleration in every aspect of her life. Tune in to learn more!

Outline of the episode:

• Why single-family investment is on the rise
• The crisis that led her to discover her soul
• Benefits of listening to intuition
• The key to developing intuition
• The science of intuition

About Adapia D'Errico:

AdaPia is a passionate and visionary executive with extensive experience across countries and cultures in both established and start-up environments.

AdaPia d'Errico oversees Alpha Investing's growth strategy with an emphasis on investor growth and relations.

Previously, AdaPia was Chief Marketing Officer at Patch of Land, one of the first real estate crowdfunding platforms, helping to grow the company from 3 founders to a VC-backed firm of over 50 people. She was also Chief Operating Officer at AlphaFlow, an investment management firm developing an automated portfolio algorithm for real estate investing, and shepherded the company through its $4.3 million seed round in 2017.

A recognized and respected woman in real estate and fintech, AdaPia has been a featured guest, writer, speaker, and presenter on topics including entrepreneurship, leadership, marketing, and women in business. She dedicates part of her time to personal endeavors that make an impact including a podcast, a blog and leadership development emphasizing diversity and inclusion.

AdaPia holds a B.B.A from the University of British Columbia and a B.A in International Business Economics from Hogeschool Zeeland, The Netherlands.

Catch Adapia D'Errico on:

https://www.alphai.com/ https://www.linkedin.com/in/adapia/ https://www.womxnofwealth.com/

Connect with Mo Bina on:

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

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

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

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

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