You often hear 'If you want to build wealth, you must invest into real estate.’

If you’ve done any research, you know there are different types of real estate:

• Flipping properties
• Apartment complexes
• Hard money loans
• And many more…

It can be overwhelming.

My guest had a similar experience when trying to invest.  Until he found a niche.

Let’s see what niche he discovered and a whole lot more.

Today’s guest is Seth Williams and he is a real estate investor.

04:14 Who is Seth Williams

06:35 The strategy to buying land

09:44 Did this start as a side hustle?

11:22 How much time was spent between learning and your first ‘deal’?

14:18 Was there a time where you ran into unexpected problems?

19:23 Is information easier to get now vs when you started?

22:53 I am surprised that there are still opportunities where you aren’t competing with others.

24:40 Are there any states where you won’t buy land?

26:25 On average, how many deals do you do per month, per year?

27:35 At what point where you able to leave your day job?

28:26 What year were you able to make a deal that was larger than your full-time annual salary?

31:56 What happened that made you feel safe enough to leave your job?

35:43 When did you feel you wanted to transition to teaching others?

40:00 What is R.E. Tipster?

Resources:

https://retipster.com/

https://www.goodfinancialcents.com/ask

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The IRS just released some of the largest increases in retirement plan contribution limits.

I’m excited! You should be too.

9.8% increase for 401k’s and 8.3% increase for IRA’s.

01:44 IRA Increases 

03:32 Gross Income Limits

05:06 401k Increases

06:25 401k ‘Catch Up’

Resources:

https://www.goodfinancialcents.com/ask

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Close your eyes and imagine the richest business person you can think of….

Chances are you probably don’t know them well, all you know about are the successes they’ve had.

You don’t know about the failures and the mistakes.

I’m here to tell you, things don’t just ‘work out’.

I have shared some of my mistakes and failures with you in the past but I wanted to record an update.

I want to share some of my biggest investing mistakes that have cost me over $4.2 Million, I hope that it helps prevent it from happening to you.

02:01 Haters on Twitter

06:01 Penny Stock Mishap

09:43 Iraqi Dinar

13:02 Solo 401k Business 

19:14 Investing in Sports Cards

22:18 Cryptocurrency Investments

27:09 Bad Business Partnership

Resources:

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

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Could you imagine being 19 years old and getting in a car accident that nearly takes your life?

You survive, but you are seriously injured and have to learn how to walk again.

Turns out a good friend of mine found himself in this situation and used this as an opportunity to learn a new skill.

It started as a hobby and has become his full-time career.

03:32 A photographer, an author, and a mentor 

07:12 What led you down the path you are on today?

12:50 At what point did you start generating money?

23:03 Pursue a worthy goal with all you’ve got!

25:58 How do you validate your work and move on to larger projects?

34:12 Walk us through your transition from photographer to mentor

38:45 Share an inspirational story of one of your students.

Resources: 

https://davidmolnar.com/

https://learningtoseebook.com/

https://www.goodfinancialcents.com/ask

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Nobody saw that coming!

Inflation numbers just came out……what in the world happened?

Many of us thought we would see this number go down!

Gas prices have been declining, so why didn’t inflation go down?

9.1% - That is what the Consumer Price Index (CPI) is right now.

This is a 9.1% increase from June of last year.

Hourly wages for workers have fallen 1% during the month and are down 3.6% from a year ago.

If feels like we are losing money everywhere!

Resources:

5 Best Hedges in the Face of Inflation

https://www.goodfinancialcents.com/best-hedges-against-inflation/

https://www.goodfinancialcents.com/ask

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If you want to watch a movie, you can login to Amazon Prime and click ‘Buy Now’.  If you want to read a book, you can download one immediately on Audible.

Technology has allowed conveniences at record speeds.

Why wouldn’t we expect to build our credit score overnight?

Is it really possible? Can we raise our score by 100 points overnight?

This is a question that was posed by a reader, Robert.

Robert says he has made some bad choices in the past which has affected his credit. He is working towards paying off credit cards and other debt to improve his bad credit score but wants to know if there is anything else he can do to raise his score quickly.

04:29 Check your credit score regularly

05:53 Can this happen overnight

07:45 What affects your credit score

11:22 A great example of credit repair

Resources:

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

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When most people think about the wealthiest people in the world and the investments they own - real estate is usually on that list.

Real estate investing doesn’t always have to be with physical properties.  There are different ways and different types of digital real estate investments.

I want to dive in and share the details of some of these ways for you.

01:48 Digital Real Estate

07:40 Niche Sites v Authority Sites

10:02 Buying and Selling Websites

14:43 Building an eCommerce Store

16:30 Digital Products

Resources:

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

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Inflation…Inflation…Inflation

It is still all over the news!

With good reason, in May we saw the consumer price index increase by 8.6% over the last year.

This is the highest increase since 1981.

How do you protect yourself from inflation?

I am going to share 4 expert strategies to help you protect yourself from inflation.

02:50 Stocks in companies providing basic supplies

04:15 Dividend stocks

08:13 Commodity Stocks

10:21 Government Bonds

Resources:

4 Expert Inflation Protection Strategies To Implement Now

https://www.forbes.com/sites/jrose/2022/05/26/4-expert-inflation-protection-strategies-to-implement-now/?sh=1ce33c26639d

https://www.goodfinancialcents.com/ask

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Choices….choices…choices.

I like variety and the option to choose.

Sometimes we can have too many choices and end up with analysis paralysis.

There are many types of investments strategies you could choose.  Today I am going to narrow that down to 4 - to help you avoid analysis paralysis.

So what are the basic investment strategies for beginners, that you can implement on your own, that we are talking about?

02:54 Value investing

05:07 Growth investing

09:11 Momentum investing

11:47 Dollar cost averaging

Resources:

• Best Investment Apps
• Best High Yield Investments
• Best Long-term Investments

https://www.goodfinancialcents.com/ask

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Happy 4th of July!

Freedom we have as a Country!

Freedom we have as individuals!

Freedom of Choice!

Freedom of Expression!

Freedom to listen to this Podcast :)

Thank you for being a part of the Good Financial Cents community.

What else can I do to help?  What types of content would you like to see?

Is there anything I can share that will help you reach your financial goals?

References:

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

Follow me on Twitter and Instagram.