As inflation continues to rise, the importance of tangible assets like precious metals has become increasingly apparent. With more and more investors looking to safeguard their wealth, experts like Dana Samuelson have emerged to provide insights into the world of precious metals.

As the President of American Gold Exchange, Dana Samuelson has spent over 30 years in the precious metals industry. He has seen firsthand how gold and silver have become increasingly valuable in times of economic uncertainty. In an interview, Samuelson explains why tangible assets are important in an inflationary environment:

Today is another time-out episode where Aziz and Alex discuss a recent news headline about a soccer player who hid his net worth from his wife. The response to this story has been divided among men and women, with some seeing it as an intelligent move and others as unfair. Aziz and Alex delve into gaming the system and the motivations behind the soccer player's actions. While they don't condone the behavior, exploring how people try to avoid taxes and protect their assets is interesting.

[00:03:29]

It's interesting to understand the idea of knowing the system to maximize benefits and minimize liabilities. Anderson Business Advisors is an example of a team that helps people structure their business in a way advantageous for taxes and protection against liabilities. Alex also highlights the importance of seeking expert advice in managing assets, as it's unlikely for a 19-year-old to know to funnel millions of dollars outside the country. He is also amazed by the net worth of over $70 million and the earnings of a few hundred thousand dollars a month of the person being discussed. He thinks it's ridiculous that the person's wife might have to pay him half of her money.

[00:06:42]

Alex had over $200,000 in federal student loans after law school. Instead of paying it all out of pocket, he registered under the loan forgiveness program and paid the bare minimum, which allowed him to invest his money elsewhere. He knew how the program worked because he had previously managed student loan portfolios at the federal Department of Education. Last year, his loans were forgiven, which he framed as his best day ever. He believes that most people are not aware of these possibilities and that knowledge is power when it comes to working the system.

[00:10:15]

To be competent, we must acknowledge that we don't know what we don't know. One takeaway is to find an advisor knowledgeable and experienced in the field. Networking with others who are navigating similar areas can also be helpful. Look at successful people and learn from their strategies and loopholes. Finding a professional who is also an investor is another good idea. Ultimately, it's crucial to know the system and surround yourself with creative advisors who will structure things in a way that benefits you and your business.

Screw the Stock Market Podcast: Screw the Stock Market

YouTube: YouTube

Instagram: Instagram

Audible: Screw the Stock Market

Knowing the SystemAlex’s Student LoansThe Takeaways to Try and Be SmartResources:Spotify: Spotify

In today's episode, Alex and Aziz welcome a special repeat guest, Chris Miles, who recently visited the show and shared his inspiring story of achieving financial freedom despite setbacks. This time around, Chris delves deeper into the specific tactics, strategies, asset classes, and tools he uses and teaches others to use to attain financial freedom in a shorter timeframe. It's a must-listen episode where you'll want your notebook handy to take notes.

[00:00:00]

[00:04:39]

Chris was a financial advisor but left the industry after realizing it wasn't helping people achieve financial freedom. He became financially independent through business and real estate but lost everything in the recession and went over a million dollars in debt. He worked his way back to financial freedom and now teaches others how to do the same. He focuses on helping people get out of the rat race by strategizing and connecting them with deals that enable them to work because they want to, not because they have to.

[00:07:19]

Several strategies can help individuals achieve financial freedom, including:

[00:44:26]

If you want to invest with little money, consider infinite banking or funds with a low minimum investment. However, don't stress if you don't have at least $50-100k yet. Focus on building your savings to at least $100k before investing in more advanced options like syndications. Turnkey properties and lower investment funds are good options for those with less than a quarter million dollars. Focus on increasing income and managing expenses to build momentum towards your investment goals.

To connect with Chris:

YouTube: YouTube

Apple Podcast: Money Ripples

Money Ripples website: https://moneyripples.com/

LinkedIn: LinkedIn

About the GuestStrategies for Achieving Financial FreedomDebt versus Equity FundHow to Start Investing with Small Amounts of MoneyResources:Twitter: Twitter

[00:00:11]

Today, Alex and Aziz have guest Eric Francom on the show. He's investing in alternative assets, including venture capital and private equity. He gets in on the ground floor of seed round fundings for businesses and corporations, like Google before it was Google. Despite not all companies becoming mega unicorns, they still become profitable. Eric started as a dentist and used his income and practice sales to achieve greater success. This conversation is great for medical professionals looking to improve their finances and careers.

[00:04:08]

Eric started as a dentist, owning and selling three practices to private equity groups. He increased his net worth and passive income four times over and now invests in commercial real estate, private equity, and VC funds. He teaches others to achieve financial freedom through his private coaching and mastermind platform, infinitefreedom.com. He believes private equity and venture capital are the ideal portfolios, with a 30% allocation, and brings top-quartile deal flow to his group.

[00:08:28]

Private equity and venture capital can be difficult to define and have some overlap. Still, generally, venture capital invests in early-stage companies, while private equity focuses on more established companies. Venture capital primarily focuses on investing in businesses, while private equity can invest in a wider range of assets. The goal of venture capital is often for private equity to buy up the company eventually or to go public.

[00:09:47]

Investing in syndication or fund for companies can be a good alternative to venture capital. Some funds have a "spray and pray" approach, diversifying across many startups and hoping for a few big successes. As the fund mentioned, others focus on strategic investments in stable, established companies with a track record of success. While the minimum investment in these types of funds can be high, it's possible to negotiate lower amounts by pooling funds with others. This allows more people to access these deals and potentially see good returns.

[00:16:35]

Eric transitioned from dentistry to private equity by recognizing that the ultra-wealthy tend to invest in real estate and private equity/venture capital. He wanted to follow this path toward building wealth. He sold his practices, hired expensive coaches, and only considered investments projected to have over 36% year-on-year returns. He believes that investing in oneself and being part of investment groups can help to connect clients with high-return deals.

[00:21:30]

Investing is a crucial part of building wealth, but before jumping into an opportunity, it's important to conduct due diligence and research to ensure it's worth your investment. While investing alongside experienced investors can provide some reassurance, it's still important to do your own research and look for deals that are not commonly known or available to the public. Additionally, investing in your own knowledge and network can be just as crucial as investing in a particular opportunity. By learning from those who have already succeeded and surrounding yourself with other experts in the field, you can accelerate your learning and growth and ultimately increase your chances of success in investing.

[00:36:37]

The key to infinite freedom is balancing letting your money work for you and investing in a positive mindset. Don't settle for less, and find something that moves your soul. Happiness leads to success in all areas of life, including wealth, health, and relationships.

To connect with Eric:

Website: https://ericfrancom.com/

LinkedIn: LinkedIn

About the SpeakerDifference between Private Equity and Venture CapitalInvesting in a Syndication versus Venture CapitalFrom a Dentist to the Private Equity WorldProcess of Vetting for an OpportunityEric’s Words of WisdomResources:

[00:00:00]

Chris Miles is today's guest and perfectly aligned with Alex and Aziz's views on the stock market. He shared his journey to financial freedom and his story of losing it all and bouncing back, a classic entrepreneurial tale. His stories were highly relevant in light of recent events, and he achieved success by leveraging his networks and pursuing cash flow. Against all odds, he broke free from the rat race, making this an awesome episode.

[00:03:11]

Chris Miles is a cash flow expert and anti-financial advisor who has achieved financial independence twice. He has a proven track record of helping clients increase their cash flow by almost $300 million in the last 12 years through his company Money Ripples. He's been featured on US News, CNN Money, and Entrepreneurs on Fire.

[00:05:12]

Chris didn't start out with a good knowledge of money. He was raised by hardworking parents who had a scarcity mindset and didn't have a good handle on money. Chris wanted to do something different and become an entrepreneur. He dropped out of college to become a financial advisor to learn about money and to help his dad have a better financial future. However, when Chris looked at his dad's financial situation, he realized that following the advice of financial advisors didn't work and that he needed to find another way. This led Chris to discover real estate investing, which became his path to financial freedom.

[00:12:50]

A former financial advisor, Chris became a millionaire by focusing on cash flow instead of saving for a large nest egg. He generated passive income through real estate investments and also created an active income stream by partnering with a mortgage broker. He referred clients to the broker and received a 50% commission on the deals. He also found other opportunities to receive referral fees for connecting people with certain services. By combining these income streams, he could make $4,000 to $5,000 per month and achieve financial independence.

[00:28:58]

Financial freedom is emotional, and fear and scarcity can prevent true freedom. It's important to protect your money from market volatility and educate yourself on alternative investments that provide stable cash flow, such as real estate. With smart investment choices, it's possible to achieve financial independence and live on more than quadruple the income you were supposed to have.

[00:33:15]

Chris became financially independent twice. The first time was in 2007 when he partnered with Garrett Gunderson to create a company to help people gather wealth. However, he cut off his other income streams and became lazy and arrogant. He was getting greedy, trying to go for bigger properties with fluctuating price fluctuations. Eventually, he went from a millionaire to an upside-down millionaire in about a year. He had to dig out of the hole and become financially independent again, which he did with the help of hundreds of people he helped to free up cash flow through his website, which helped him get lean and mean. Ironically, after foreclosing on his house, money started flooding back in.

[00:42:28]

Adding value to others by solving problems is the key to success and creating wealth. As an investor, creating opportunities and serving multiple directions can lead to success. The real economic engine is creating value for others and identifying how an investment provides value is important. The ultimate measure of success is the legacy and ripple effect one leaves behind. One should strive to impact people's lives positively and create a new legacy.

YouTube: YouTube

Apple Podcast: Money Ripples

Money Ripples website: https://moneyripples.com/

LinkedIn: LinkedIn

About the GuestHow Chris StartedFrom Financial Advisor to MillionaireFinancial Freedom and FearBecoming Financially-Independent TwiceCreating Value & a LegacyResources:To connect with Chris:Twitter: Twitter

Kim and her husband own three successful real estate businesses in Central Florida, managing around 3000 properties. They started their journey 30 years ago when Kim left her teaching job to become a leasing agent. They eventually founded their own business, Hampton and Hampton Management and Leasing, and two other brands focusing on short and midterm leasing and selling properties exclusively to investors. Kim's experience and leadership skills led to completing a million-dollar rehab of a 300-unit property.

Kim hesitated to manage short-term rentals for a while but now manages 38 units and a rehab project for a client. Her success is thanks to her experience and efficient processes. She also has a cohost who is an assistant manager and enlists a good cleaning crew. While it has been a learning experience, Kim finds it manageable by being adaptable.

Short-term rentals can be a great investment, but it's important to do your homework upfront and consider zoning regulations that could change in the future. It's also important to constantly adjust the average daily rental (ADR) to ensure profitability and consider targeting midterm rentals to reduce turnover and increase occupancy rates. Working with corporations and other organizations can also help with occupancy. While starting with Airbnb can be helpful for beginners due to their accounting and tax support, there are other platforms and strategies to consider, such as furnish flex leasing, to diversify your rental portfolio.

To find a good cleaner, it's important to be detail-oriented and network with other hosts in the area. Kim suggests starting with a trial clean to see their work. Look for cleaners who have been trained properly and check online platforms like Airbnb and Nextdoor to find local cleaners. Building relationships within the hosting community can also lead to recommendations for reliable cleaners.

To determine if short-term rentals are profitable, it's important to research and analyzes data from sites like AirDNA, RABBU, and Mashvisor. You can estimate potential earnings by comparing gross rents with long-term rentals and considering furnishing and utilities. However, investing in repairs and buying at the right price is also crucial for success. In most cases, short-term rentals in zoned areas can generate double the income of long-term rentals.

When choosing a property manager, ask about their experience, licensing, expenses, maintenance, and client references. It is important to ensure they can handle tasks such as paying mortgages, taxes, and collecting rent. You can find experienced property managers by searching for NARPM members online and looking for designations such as MPM, RMP, and CRMC. Kim is a former president of NARPM, and the CRMC designation is the most coveted, with only around 50 in the US. 

(407) 448-6679

[email protected]

LinkedIn

https://www.hamptonrea.com/

Today's episode is a time-out episode where Alex and Aziz discuss the importance of knowing your lane in investing. Alex is in a hotel room in Danville, Virginia, checking out some properties, while Aziz is at the home office. They have encountered people who don't understand who they are as investors. The discussion revolves around the difference between how you view yourself as an investor and how you behave.

[00:02:23]

There are two types of investors - passive and active. Active investors put in a lot of work, effort, and time, while passive investors want their money to work for them. It is essential to know which type of investor you are and stick to your lane. Passive investing is your lane if you're making good money with your nine-to-five job and don't have the energy for something else. If you want to shift lanes in the future, you must make that conscious decision. It's crucial to view yourself realistically as an investor and choose the right lane for yourself.

In this episode, Alex shares a story from his high school days about his height and dreams of playing in the NBA. The doctor predicted that he would grow to be six feet seven inches tall, but he stopped growing after hearing that. Despite this, Alex was still invested in basketball and attended various camps, including one at Georgetown University. During a lecture at the camp, he learned the importance of knowing your role and playing to your strengths. This lesson applies to investing as well. As an investor, you must reflect on your strengths, time, and situation and bring what you need to achieve your goals and succeed as a team. So, whether you're a passive or active investor, it's essential to know your lane and stick to it until you're ready to make a conscious decision to shift lanes.

Alex received a referral from a close friend about a potential partnership with a big-time real estate investor for a syndication deal. The deal involved a group of investors collectively investing together, with Alex's team serving as the active managers and the passive investors putting in their money. The interested investor liked the deal and offered to take the whole thing. However, the team had already raised money from other investors and couldn't take on another active investor. The deal fell through, but six months later, another opportunity arose, and the same investor offered to take the whole thing again. It was clear that he wanted to be an active investor, but the team couldn't accommodate him due to the existing structure in place.

[00:07:27]

On the other hand, some investors have told Alex that they are not interested in syndication and prefer to have hands-on control over their investments. Alex finds this interesting because investors in the stock market have no direct control over company decisions, unlike in syndication, where they can still have a say in managing their money. Despite this, Alex respects their preferences and keeps them in mind for joint venture opportunities for smaller deals. Overall, syndication and fund of funds structures are more suitable for busy professionals who make good money.

For instance, a high-paid doctor who already covers their living expenses may not require cash flow as much and may prefer to invest where their money will grow quickly and safely. In contrast, other high-income earners working themselves to death may require cash flow to retire and quit their job in the next five years. Therefore, knowing yourself is vital when choosing attractive deals and teams and structuring everything properly. This makes our job easier when working with investors since fighting them on every deal due to conflicting objectives causes a lot of stress.

In this episode, we have invited Raquel Adkins, a powerhouse entrepreneur and real estate investor. With her degree in business administration, she has not only managed property but also founded two successful startup businesses that sold for great profits - the perfect experience to step into commercial real estate investment. Today, Raquel guides investors to invest strategically to build wealth, find good deals, and grow as an investor.

Way To Wealth

[4:33] Raquel sees real estate investment as a way to achieve financial independence, but it will be a long journey, so she advises people to stay consistent and know why they want to invest in real estate.

[9:13] Raquel invested in real estate because she wanted to build wealth more than having cash in hand. After searching for ways to achieve her goal, she came across the BRRRR Strategy, a common strategy used by successful millionaires and established people.

[14:37] In starting her investment in the multifamily industry, Raquel put herself in a situation to be lucky, and she changed her mindset. She did everything she learned from the program, podcast, or mentor to become a millionaire.

Mindset

[13:41 38:18] For Raquel, coming up with your “why”, thinking big about her goals, and having affirmations are some of the mindset changes she incorporated in her life.

Multifamily Investments

[19:47] Raquel finds Schedule B type of Multifamily investment to be the hardest as you can only promote homes to people who have established relationships with you. In contrast, investors can advertise Schedule C type of Multifamily anywhere, but only accredited investors can invest, which makes both kinds of Multifamily Homes have downsides.

What Raquel did to have investors is she made a list of people and called them every day to ask if there was someone they knew interested in investing in Multifamily homes. Let people know you’re investing in Multifamily homes and take the chance to create a social media to talk to people and educate them about what Multifamily investment is.

She chose Multifamily investment because it has a hedge against inflation. As a mentor, she wanted to teach people about investing in multifamily instead of stocks or bonds because it is a steady investment.

Being a Limited Partner or General Partner are two ways to start investing in Real Estate. Another thing Raquel loves about investing in Multifamily is people can get monthly cash flow.

Raquel had some investors question her about how they would invest with her if she raises rent when people were getting less money.

Asset Management

[40:28] For Raquel, she shines in asset management, which what she does is overseeing the whole operation of property management. She spends time in weekly meetings and talks about the status of units and rents, while his husband works on the rehab side of Multifamily homes.

Raquel’s ultimate goal is to own a property for each of her children to have the cash flow to do whatever they want in the future.

Question and Answer

[50:01] Raquel encourages anyone investing to check the location of the asset before because that’s how you’re going to sell it to Capital Raisers, check how the property is running and its value, then create a package of the business and shop around to people.

[58:27] Hiring a Property Management team for Raquel is essential because she explained that it would help delegate some tasks to manage the property better. Choosing your partner is also very important for her.

To connect with Raquel :

Website: https://www.adkinsestatesllc.com/

TikTok: TikTok

[00:01:23]

Today, Aziz and Alex are hosting another special time-out episode of the podcast, and there won't be any guests joining them. During the episode, they will be discussing people's mindsets and how they often talk about wanting to become rich and successful but failing to take action to achieve their goals. It can be frustrating to witness individuals putting all their energy into non-productive things. However, by non-productive, we don't mean that they are merely being lazy at home doing nothing, but rather, they are dedicating their efforts to making someone else wealthy. Many hardworking individuals give their all to their jobs, but the issue lies in their continuously working to make someone else rich. If they shifted their focus and directed that same effort towards making themselves rich, they could achieve significant success.

[00:03:23]

Rich Dad Poor Dad is a popular self-help book about personal finance written by Robert Kiyosaki. In this book, Kiyosaki emphasizes the importance of minding your business and building financial freedom. He contends that the most successful people are willing to put in the time and energy to build their businesses and achieve their own goals. He also suggests that having a “special code” for this mentality is essential for success. This mentality involves hard work, dedication, and the willingness to take risks. People must be willing to make sacrifices and invest in themselves if they want to be successful. Furthermore, having a plan and goal is essential for success.

 [00:04:38]

Working for someone else can be a great way to earn a living and provide stability, but many people out there feel they could do better if they took a different route. Society has conditioned people to believe that they need to go the traditional route of full-time employment to be successful, when really, there are plenty of other options available and, with the right guidance and support, it doesn't have to be overly taxing or complicated. Taking the entrepreneurial route, for example, can be an incredibly rewarding and liberating experience, one that offers more control over finances, lifestyle, and overall destiny. It's about finding a way to make it work for you and sticking with it even when times get tough. With the right attitude and effort, anyone can be their own boss.

[00:06:43]

Immigrants often come to a new country with the desire to work hard, but they often face a dichotomy of expectations. On one hand, they may be encouraged to focus on school and pursue a traditional career path, such as becoming a lawyer or doctor, while on the other hand, many immigrants feel the only way to make ends meet is to start their own business. This creates an interesting dynamic, as those with access to corporate paths may be encouraged to take a safer and less risky route. In contrast, those who don’t have the same opportunities may be more likely to take the entrepreneurial route. It is important to remember that both paths can be rewarding, and the key is finding the best path for each individual. Immigrants should not be afraid to take risks and invest in themselves if that is what is necessary for them to achieve their end goals in life.

[00:11:30]

Acquiring assets can be difficult, as it can be expensive and require a certain amount of income. Not everyone is an entrepreneur or investor, but there is a spectrum of opportunities available f

Today on the show, Alex and Aziz have a special guest, Purdeep Sangha. In this broad episode, they discuss a range of topics from business, mindset, success, and even personal and family life. The focus is on the alpha male consciousness and mindset in business, but Purdeep's interpretation is holistic, not douchie. He delves into the mindset struggles and stress points men face in business, especially entrepreneurs and company owners. The episode is a well-done conversation on the struggles of being a man in modern times, focusing on male psychology. And for the ladies, don't worry; there are some points where Purdeep talks about what women should do in a relationship. So even if you're a woman, you can still gain valuable insights from this episode. Everyone has to deal with men at some point, so this episode has something for everyone. It's important to note that the messaging is not misogynistic.

About the Guest

[00:05:39]

Purdeep Sangha is a world-renowned strategic advisor and award-winning author. He hosts the TV show Mind Your Business and is a speaker, entrepreneur, and podcaster. He teaches men how to become complete and fulfilled in business and life. Purdeep is the founder of the Be the Mindful Alpha Male movement, and his personal mission is to help men grow in their businesses, improve relationships, and increase personal fulfilment. Born in Canada, Purdeep grew up in an orchard and was raised to value education. He spent 14 years as an executive in business but eventually started his firm focusing on wealth management, personal development, and men's leadership.

 [00:09:20

Purdeep grew up with a dad who struggled with alcoholism and saw first-hand the effects it had on his life and relationships. This led him to study the behaviour of men and the relationships between men and women. Purdeep has become an expert in helping people improve their business and personal lives, especially men. He started managing employees and became a personal trainer and academic tutor at a young age. His passion is to help others, and his life experiences have led him to his unique expertise in helping people accelerate their success.

Purdeep’s Advice to Entrepreneurs

[00:12:15]

In his advice to entrepreneurs, Purdeep states that business is about creating and keeping customers and turning them into advocates. The journey is never straightforward, but entrepreneurs should always be on the lookout for opportunities. Despite challenges like the economy, competition, and regulation, businesses can be successful by focusing on creating and retaining customers. Those who become too attached to a specific product or service may struggle, but those who are open to pivoting and finding new customers will thrive.

Major Issues that Purdeep can Foresee in Businessmen

Purdeep sees several major issues that businessmen face. Firstly, he believes that many businessmen adopt a lone ranger approach where they try to handle everything themselves, thinking they need to be confide