The Wealth Elevator

139 - Optimize liquidity with Your Opportunity Fund

Full notes and webinars - SimplePassiveCashflow.com/ofund

Summary: Learn what how much money I keep on hand to pounce on deals and where do I keep it. Forget your Grandma's Emergency Fund... we are talking about your Opportunity fund to do deals (and avoid liquidity anxiety)!

Have you heard of the Multifamily Investor Nation Summit, coming up on January 17th thru the 19th? It’s a three-day information packed event for multifamily investors, with over 1,000 attendees and over 50 speakers! You will hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more! I have also been invited as one of the speakers to present on {your topic}. Go to apartmentevent.com to grab your ticket and use promo code {LANE} to get $100 off! Whether you are new to multifamily investing or a seasoned investor, you do not want to miss this event. Start 2019 off right by joining me at the Multifamily Investor Nation Summit. Visit apartment event.com!

YouTube Link: https://youtu.be/1vVQPdfl_So

Also check out Buck Joffrey's podcast on cypto: https://itunes.apple.com/us/podcast/consensus-network-cryptocurrency-news-education/id1436793238?mt=2

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Is dealing in Cryptocurrency dangerous?

Bitcoin grew in value by 1,000% in 2017.

Ripple was the best performing crypto, which had gains of 36,018% last year due to its ease of use. Each coin of Ripple is worth a small fraction of a Bitcoin. The technology makes it easier for banks, payment providers and businesses to send payments globally. They promise to deliver an experience that is instant, traceable, and inexpensive.

NEM is an enterprise blockchain with “smart assets.” It can also be used to manage things like currencies, financial instruments, supply chains, and notarizations. Think how eBay or Amazon takes data from UPS or USPS to track your packages, but a lot bigger.

Other Cryptos:

Ardor

Stellar

Dash

Ethereum (2nd biggest Cypto)

Golem

Litecoin (getting in mainstream vernacular)

BitcoinLearningCenters.com by Andy LaPointe

Mr. LaPointe created this complete bitcoin learning system from the ground up!

You will learn practical insights into this global phenomenon. By the end

of the interview, you will also have a practical understanding of

cryptocurrencies, blockchain technology and Bitcoin.

The information that Andy LaPointe will share is entertaining, insightful and easy-

to-understand. No matter who you are or your background, the information he’ll

share will help anyone to get started with cryptocurrencies today.

You listeners will learn:

- What is a Blockchain?

- What is Bitcoin?

- What is cryptocurrency?

- How blockchain and Bitcoin are related.

- How to determine if investing into cryptocurrencies is right for you.

- What are some of the misconceptions about Bitcoin, cryptocurrency

and blockchain.

- How to create the right cryptocurrency portfolio for you and your

financial future.

- And much more!

ABOUT THE AUTHOR:

Prior to getting involved with blockchain technology in 2013, Mr. LaPointe spent 15 years in the corporate world as a Registered Investment Advisor (RIA), Series 7 Stockbroker and Mutual Fund Wholesaler. He offers deep knowledge of the financial markets, blockchain technology, asset allocation, risk tolerance and cryptocurrency.

Andy LaPointe lives in Northern Michigan and is available for interview by calling 1-231-676-0643 (Eastern Standard Time) or email: [email protected]

– Instant Availability

Or visit: www.BitcoinLearningSystems.com

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Full article and examples of tax forms and case studies - go to SimplePassiveCashflow.com/costseg

https://youtu.be/AT6x3ViRPos

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order.

She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial.

"Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change.

In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you.

Just like in any financial goal you have to figure out how to take a high level idea and break it down into smaller parts. Think of whatever your long term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful,lofty dreams but no tangible steps on how to get themselves there.

Podcasts are great sources of information.

Saving is important but earning more is bigger. To earn more is a key part of building wealth.

The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money.

Full article - SimplePassiveCashflow.com/134diamond

I recently got engaged and here are some of my experiences when buying a diamond ring.

The top three diamond providers online are Blue Nile, James Allen, and Rare Carat.

The Big 5 C's of grading for Diamonds: Carat weight, Color, Clarity, Cut, and Confidence.

Size is the most important factor in diamonds.

Rare Carat offers the best selection of diamonds but lacks in ring selection.

James Allen offers the best prices among the three diamond providers.

As you grow your net worth, it is okay to buy something for your happiness even if it is non income-producing assets. Consider it as a milestone for growing your net worth.

I originally planned to buy a Honda CRV and pop the question at a car dealership.

Opportunity Fund Zones

http://simplepassivecashflow.com/opportunity-fund-zone/

[A new tax break that is very similar to the 1031 exchange]

YouTube Link: https://youtu.be/rG5QlGF5so8

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

Just got back from FinCon2018!

What's that?

A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money.

In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people.

Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35...

The Millionaire Next Door book is not the type of lifestyle I would like to live.

A lot of financial advisors which I don't really like.

I am cool with how it is enough to be happy and content.

Other Findings:

New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous.

A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own.

Liberty health share - religious-based health insurance

Side gigs - consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs.

Interviews to follow in video...

Please share this with friends because if you don't soon you won't have any friends to have mid-day lunch with when you not doing anything

Interview 1: Michael - Financiallyalert.com

Interview 2: Spendlessgreen.com

Interview 3: Rocky from RicherSoul Podcast - http://richersoul.com/ep-0030-richer-soul-real-estate-mindsets-lane-kawaoka/

Interview 4: Alex - http://dailybs.com & nguonline.com

YouTube Link: https://youtu.be/SkY5izkbkoQ

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed.

We just completed the last deal for an Mobile home park. Which is a little different than apartments.

Please leave an iTunes review - Help fight negative one-star review

YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!

________Here are the Show Notes________

SimplePassiveCashflow.com/qrp

I have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments.

One of those ways to get the money out is via a QRP or Solo401K.

Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his book

I cashed out my 401k because I figured I was going to pay the taxes