In this episode we discuss the importance of not only understanding the function of money but building a relationship with it. Far too many people in our world believe money is evil and poses not function except for corrupting lives. I explain the true function and solution that money itself is and how to deal with emotional barriers when facing money. 

The truth is money doesn't think anything of you. It has no bias. And when you can understand it's function and respect it, you can learn to be indifferent to it and create more.

After learning its function and building a relationship with it, you can then begin to utilize it to build a prosperous life. I explain the results of renting vs a mortgage and how someone can alter the path of their life simply by taking the time to understand everything.

Want to Sponsor the podcast? Book an ad here: https://www.advertisecast.com/TheRaceRatPodcast

In this episode I got to talk with the co-founder and CEO of Cardone Ventures Brandon Dawson. Brandon is an incredibly successful entrepreneur and value provider. In his early 20s Brandon had dropped out of college and began working in sales and by the time he was 24 years old was making over $150,000 per year. As difficult as it was, he left Atlanta for Washington where he grew an equity company from a few to 60 million in just 36 months only using his savings to fund it. He then went on to build Audigy group which he sold at 77 times ebita for over $150 million dollars.

Now, Brandon Dawson has partnered with 10x founder and real estate mogul, Grant Cardone to build Cardone Ventures, a firm built on scaling businesses in exchange for equity.

In just 10 months Dawson and Cardone have over $500 million dollars worth of business in their portfolio and will surely continue to expand their influence and hopefully have a few of the business's IPO. 

You can follow Brandon on Instagam here: https://www.instagram.com/brandonmdawson/

You can find the 10X Business Owners Group here: https://www.cardoneventures.com/

I had the pleasure of sitting down with Antoine Martel this week discuss what it was like starting in real estate investing while in college. Antoine, attended Loyola Marymount University just a few years back and dedicated himself to investing in real estate by his senior year. He attended meetups, took courses, and by age 22 had taken the $40,000 in his father's 401K and had bought their first single family rental property in Memphis, Tennessee. 

Just 3 years later The Martel family now has a real estate portfolio worth over $15 million dollars in value and includes over 85 cash flowing units of rental properties. They also founded "Martel Turnkey" a business model focused on renovating properties to then sell to investor who will then use those properties to generate cash flow and achieve financial freedom themselves.

Martel is an incredibly knowledgeable, transparent, and driven man who truly has a passion in real estate and will continue to disrupt the marketplace as he moves forward.

In this episode I wanted to address the idea that so many people deeply believe about traditional education that are not true about financial education. 

The first one, the idea that in order to increase your income or become more successful is to go through more schooling. The idea that a Bachelor's degree doesn't cut it anymore and that you need to get a Masters or A PHD in order to make enough money. I break down the math behind it to prove that the cost of getting a graduate degree can be detrimental to the financial success of a person.

Second, the idea that building wealth is rocket science. Not building a pyramid scheme, or multi-level marketing business, but how almost anyone can become wealthy if they find a way to invest from a consistent basis every month from the time that they start working. How if a person can start investing $300 a month from ages twenty to sixty five, they can amass a portfolio of over 10 million dollars depending on the rate of return.

Want to Sponsor the podcast? Book an ad here: https://www.advertisecast.com/TheRaceRatPodcast

In this episode I sat down to talk about some perspective that has came to my attention during the recent times. A lot of people are feeling cooped up feeling like they need to change things and succeed right this instant. They are taking approaches to business and life with only a short term perspective. In my opinion, that might be the quickest way to lose and be unsuccessful. The Practical Perspective Needed To Succeed In Business And Life In The Long Run is to do less talking and take more action. It's about getting real quiet, not letting other people's opinions or validation affect the way that you fee about yourself. Just putting your head down executing and letting your results speak for themselves.

In this episode I sat down with Eden Sustin and Kim Somers Egelsee of Talk Purpose and Truth podcast to discuss what it was like building their own personal businesses. They both shared insight into their early adulthood where they began to develop their minds and knowledge behind what they do know. Eden, a medium and automatic writer, had known she had her unique capabilities for a while, but it wasn't until she was asked to do a reading where she realized she had a god given ability and needed to use it to help other people. Kim had gotten involved in personal development and public speaking where she shared they staged with many of some of the biggest names in the industry. However, they both realized in their thirties and forties that there was another calling for them. They each had their separate personal businesses, they reconnected after being acquaintances in high school. Not longer after it blossomed into a new friendship and business partners. Today Eden and Kim have now written a book channeled by the late musician Prince which is planned to be launched in the near future and a podcast partnered with the Imperfectly Perfect Campaign where they talk with impactful celebrities about mental health and overcoming personal struggles.

You can listen to their podcast here: 

https://podcasts.apple.com/us/podcast/talk-purpose-and-truth/id1467833480

Find them on Instagram here:

Podcast:  https://www.instagram.com/talkpurposetruth/?hl=en

Eden: https://www.instagram.com/edenhs/?hl=en

Kim: https://www.instagram.com/kimlifecoach/?hl=en

Find Eden and Kim's websites here:

Eden: https://www.edensustin.com/

Kim: www.kimlifecoach.com

In today's episode we discuss how you can protect your money and assets in almost any market. It doesn't matter if it stocks, cryptocurrency, or even real estate, the truth is people are hurt when they have too much leverage and don't apply proper risk management. It's one thing to make a lot of money very quickly, but it's another to be able to keep that money and allow it to turn into more.

I talk about my experience making a lot of money very quickly and losing it all very quickly in cryptocurrencies like Bitcoin. I also discuss how similar things can be applied to stocks and real estate today.

Capital preservation is the most underestimated part of investing and is a key point of growth for any entrepreneur or investor.

In today's episode I have a conversation Yan Stavissiki to discuss how he went from being $82,000 in Credit Card Debt  To A 7-Figure Entrepreneur and Travel Hacker. Just a few years ago Yan had graduate from UC Berkeley and San Fransisco State with degrees in Finance and Marketing. After applying to over 100 employers he had no luck and decided to try his luck with 5 different businesses's all funded by credit cards. Just a year later he found himself $82,000 in debt, making $3,000 a month, and owing $4,000 a month in interest on his loans. He decided to make a change and got hired in sales for a cryptocurrency exchange called LATOKEN. After trial and error he found himself making multiple six figures, but actually began leveraging his lines of credit. By leveraging his credit appropriately he was able to build multiple 7 figure businesses and now is a professional travel hacker and is able to take hundreds of flights every year for almost nothing.

I also wanted to get further into detail about how credit cards allow you to not only build your businesses but be able to professionally travel hack as well. 

If you are interested in knowing more about Yan and Inner Circle you can find his TikTok and Instagram here:

 https://www.instagram.com/yanstavisski/

 https://www.tiktok.com/@captaincredit?

Want to Sponsor the podcast? Book an ad here: https://www.advertisecast.com/TheRaceRatPodcast

In this episode we discuss why spending money is the only way to become wealthy. Now I know what you're thinking, don't you have to save or invest? You need to be able to spend your money on income producing cash flow. In a time where the economy is uncertain and there are massive discounts on stocks and investment properties, you will not get rich saving your money. You must use all the extra cash you have lying on the side and spend it like crazy.

You'll never go broke buying great discounts with high intrinsic value in whatever market you are in.

When it comes to business the same thing applies. Spending money on assets whether employees or equipment when it was widely available will benefit you in the long run!

If you LOVE the podcast become a monthly supporter by donating here! :

https://anchor.fm/the-race-rat-podcast/support

Subscribe to my YouTube channel here:

https://www.youtube.com/channel/UCldOBP90wn1TD2e1KkwaO3w?

Follow me on Instagram here: 

https://www.instagram.com/theraceratpodcast/?hl=en