The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Richard Duncan is an Author, Economist, Consultant, and Speaker who authored four books illustrating the causes and effects of economic crises.   

In this first part of the podcast with Richard Duncan, he discussed the foundation, how the economy and the Fed work, the relationship between gold and the dollar, and understanding our economy.

Hang in there! 𝐖𝐚𝐭𝐜𝐡 𝐨𝐮𝐭 𝐟𝐨𝐫 𝐩𝐚𝐫𝐭 𝟐 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐩𝐨𝐝𝐜𝐚𝐬𝐭 𝐧𝐞𝐱𝐭 𝐰𝐞𝐞𝐤.

And join us at https://simplepassivecashflow.com/club.

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Affordability of houses… It’s just a myth nowadays!

In this month’s market update, there's been a talk in the investor’s town about the rising interest rates and how people shift from being property buyers to property renters. 

Nothing wrong with renting, especially if you’re a landlord! 

But this shift shows us that real estate investing and cash flowing from real estate can beat ‘all’ odds that even hotels in New York are being subject to approval to become an apartment. 

Remember, go where the money flows.

If you want access to past monthly market updates, visit https://simplepassivecashflow.com/investorletter.

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In your current financial status, are you free to have a choice?

In this episode, we talked about the counterintuitive rules that the wealthy follow and how being financially free can allow you to have vast choices. Saying “no” can be one of them.

Financial dogmas are great to follow but better be sure who advises you with them. 

Visit https://simplepassivecashflow.com/club to meet other people in the financial community.

They can be way better than financial advisors!

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Feeling the effect of the plunging stock market?

It’s happening all over the world!

But as a real estate investor, you shouldn’t be pessimistic.

This is just a phase that we don’t know when it’s going to end.

In investing, there will always be uncertainties.

That’s the reality of investing!

Thus, it is our responsibility to mitigate those risks and create strategies to keep the ball running.

For your questions, email us at [email protected]

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Are there secrets behind infinite banking and whole life insurance?

Lane is joined by Chris Miles of Money Ripples, he’s an anti-financial advisor and a cashflow advocate.

They talked about why and how infinite banking is superior as compared to heloc and banking institutions.

For Chris Miles, banks tend to cut down your line of credit without you even knowing or giving any warning. While in the whole life insurance there’s no threat of market risks, or your house being depreciated.

For those who are new to the concept of infinite banking, visit https://simplepassivecashflow.com/bank, and don’t be turned off with whole life insurance.

1:32 Market Update

6:21 Infinite Banking: Further Explained

13:03 Option to Use Your Insurance

15:36 Collateralized/ Secured Line of Credit

25:53 Limitation of Infinite Banking Technique

30:50 Paying Bills With Life Insurance

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Thinking of leaving your job due to the company culture and office politics?

Todd Miller is the author of Enrich who has a background as an entertainment executive working in Hollywood.

He joined us to talk about time, wealth, and how he came to a point when he wanted to get fired from his job due to politics in the industry.

PLUS, he shared how he accomplished getting into financial independence, his point of view of debt, and how he gets to “manage” his rental properties.

If you want to level up and learn with other (sophisticated) investors, then join the Family Office Ohana Mastermind!

Go to https://simplepassivecashflow.com/journey

0:37 Managing Debt | Buying a Property

11:35 Introduction | Journey to Financial Independence

15:18 Wanted to Get Fired

19:54 Foundation Towards Financial Independence

21:53 Property Portfolio Goals

24:52 “Toxic” Relationship With Debt

29:42 Asset Allocation Management

35:32 End Game Scenario

37:21 Takeaways From Enrich

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In this June 2022 Monthly Market Update, you’ll notice that migration isn’t confined to individual renters alone but companies are relocating their headquarters for better property setup as well.

There’s an expected monetary policy tightening by the federal reserve due to the current inflation status and effects of war in Russia and Ukraine.

Moreover, there’s still a demand for an apartment, and the influx of people in the migration hotspots brings the cost of real estate to rise.

Watch more about the past monthly updates at https://simplepassivecashflow.com/investorletter

1:10 Boeing Headquarters to Relocate in Arlington | Creative Land Development

2:13 Multifamily News | Housing Affordability Crisis

5:15 Economic Growth Forecast | Fannie Mae Cuts Origination Projection

10:00 Multifamily Net Growth Income

12:39 Blackstone Continues Real Estate Acquisitions

13:20 EB-5 & Real Estate

14:47 Migration Hotspots in the Sun Belt | Apartment Renters Lease Status

19:19 Housing Market Dynamics | Apartment Demands

24:49 Current Events (personal)

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Getting old. Being sick. Dying.

Unpleasant words that are at times neglected, intentionally.

In this podcast, Jean Keegan Daly joined us to share her life discoveries of one's purpose while being a hospice nurse. She is the author of Reflections of a Seasoned Soul and an educator specializing in a body-mind-spirit approach to health and wellness.

Note that we are on a personal journey to live in this world from that authentic place of inherent power.

And from the place of your authentic self, you can create positive healing, loving energies that will benefit yourself and the generations to come.

Learn more about legacy and how to go about it.

Visit https://simplepassivecashflow.com/legacy and start planning.

0:12 All About Mindset

6:25 Role as a Hospice Nurse

8:43 How Children See Illness & Death

14:19 Trust + Transformation

16:32 Dealing With Regrets

22:31 Balancing Your Role & Your Wants

28:00 Key Takeaways

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Have you planned out a college plan for your child?

This episode is still part of investing since, as a parent, you need to take into consideration your kid’s future even while being a real estate investor.

Let your child, the future college student, do the best they can that interests them as a student and not be overstressed.

For the parents, no need to rely on 529!

There are other ways to build up college funds for your kids.

Check out the free infinite banking e-course at https://simplepassivecashflow.com/banking

and start preparing for your kids' future.

4:55 Background | Introduction

7:01 Goal of College Counseling

12:09 Factors Affecting the Choice of School

19:50 Strategies Student Needs to Work On

23:26 Process: Understanding How to Get Into a Good College or University

29:14 Student’s Contribution in the Counseling Process

34:10 Limitation of In- Demand Job in the Future

36:43 Ultimate Advice to Parents & Students

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Since most of you are fans of coaching calls, we have another one today.

‘John’ is an engineer and has a little bit higher net worth.

His story shows that the road to financial independence is at a slow pace from 0 to $2million. People don’t realize that!

But once you’re up to 4million and above, your net worth (plus your network) expands and moves a lot quicker too.

There are numerous ways to accelerate your net worth and network.

Join the club at simplepassivecashflow.com/club, and let us show you how.

5:20 Personal & Financial Background

10:11 Non- Alternative Investing Deal

12:42 Doubts Before Jumping Into Syndication

16:49 Infinite Banking

17:50 Test Investment

19:05 Why Take Money Out of Your Retirement Account

25:47 Strategizing & Exploring Other Options

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