Truly Passive Income

Explore the essential aspects of asset protection in wealth building in this engaging discussion with Scott Royal Smith, Esq. Press play to gain valuable insights that will shift your perspective on investing, and join us for an eye-opening conversation that emphasizes how smart financial decisions can pave the way to your ideal lifestyle.

Key takeaways to listen for

• [07:02] When should you start asset protection planning?
• [08:48] The best asset protection strategies and how they work
• [14:54] The consequence of not having an asset protection plan
• [17:07] Investing tips to help you make the most of your money and life
• [25:33] Why you shouldn’t wait to live your life until you’re financially free

Resources mentioned in this episode

• [17:47] TIGER 21
• [17:48] GoBundance

Access a collection of resources to help you on your journey to becoming financially free by visiting https://vault.royallegalsolutions.com/landing?space. Sign up now to be the CEO of your own wealth-building company!

About Scott Royal Smith, Esq.

Scott is a former litigator who now helps real estate investors protect their assets. He is personally and currently invested in every real estate asset class. He obtained his Bachelor's degree at Hillsdale College and his Doctor of Law (JD) at Albany Law School.

In 2014, he founded Royal Legal Solutions. Since then, he has built a nationwide team of 30 – including 4 attorneys, 8 paralegals, CPA/MBA/CFO, insurance agents, and investing specialists – and they protect over 1.2 billion in assets for over 2000 real estate investors nationwide.

Connect with Scott

Website: Royal Legal Solutions

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Get ready for an insightful look into a smart business approach that lets you build a passive income portfolio while working a full-time job. Tune in as we talk with Brett Riggins about Physician Wealth Systems and how it can help investors. So, if you’re a high-income earner wanting to diversify your portfolio, this is an episode you won’t want to miss!

Key takeaways to listen for

• [04:15] Physician Wealth Systems: What it is, how it works, and its advantages
• [14:01] Significance of understanding market trends and cycles in real estate
• [21:19] What is the shiny object syndrome, and how do entrepreneurs deal with it?
• [23:25] Pros and cons of accepting Section 8 tenants
• [29:23] A typical exit strategy for a long-term high-income investor

Resources mentioned in this episode

• [18:09] Zillow 
• [18:11] Explore Street View

About Brett Riggins

Brett is a twenty-year veteran of the real estate business whose passion is helping people connect with the life they want. He is the Founder of Connect Home Buyers, LLC and Physician Wealth Systems.

Brett graduated from Western Michigan University with a degree in Construction Engineering. He is a mentor, podcaster, public speaker, and coach based out of Charlotte, North Carolina, where he lives with his wife and two kids. He connects people across the country and beyond with the tools they need to create the life they want.

Connect with Brett

Website: Physician Wealth Systems

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Are you having difficulty selecting the most effective investment method for yourself? Join us in this insightful episode as we discuss the pros and cons of various popular investment strategies, empowering you to make informed investment decisions. Tune in now!

Key takeaways to listen for

• [03:24] Why you need to begin with the destination in mind
• [04:44] Pros and cons of turnkey properties
• [09:01] BRRRR method: What it is and how does it work?
• [16:00] How to choose the right investing strategy for you
• [20:23] Benefits of investing in real estate syndications

Resources mentioned in this episode

• [21:13]  Nomad Capital
• [21:59] Airbnb

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Drawing on his military background, Jeff Barnes applies a systematic approach to the business world, emphasizing the advantages that have fueled his success in navigating the distinctive landscape of angel investing. Join us to gain valuable insights and delve into the strategic mindset that has contributed to his success in this investment niche.

Key takeaways to listen for

• [16:36] How the Angels and Heroes Growth Fund started
• [19:14] Simple steps to attract angel investors to your startup
• [24:52] Guidelines for conducting due diligence in angel investing
• [31:45] Best angel investing practices from an angel investor
• [35:29] Core lessons from Jeff’s book “The Ultimate Guide to Self-Directed Investing & Retirement Planning”

Resources mentioned in this episode

• [16:36] Angels & Heroes Venture Growth Fund
• [16:38 | 30:15] C-Suite Network
• [35:07] The Ultimate Guide to Self-Directed Investing & Retirement Planning by Jeff Barnes | Paperback

About Jeff Barnes

Jeff is a US Navy Veteran, a Risk Manager and Director, a technology enthusiast, a business growth expert adviser, and a management consultant. He is currently the CEO and Chairman of the Executive Board of Angel Investors Network and the Founder of Digital Evolution Marketing Group.

Jeff supports nonprofits supporting military events and spends most of his time helping CEOs and founders of growing companies automate, systematize, and scale their businesses.

Connect with Jeff

• Website: Angel Investors Network
• LinkedIn: Jeff Barnes

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Are you considering early savings for your kids' college education? Then, this is an episode you won't want to miss! From diverse strategies to actionable tips, today's conversation is a goldmine for parents aiming to pave the best educational path for their children. So, go ahead and press that play button!

Key takeaways to listen for

• [01:18] How to save for your kids’ college education through real estate investing
• [14:10] Advantages of investing in real estate vs. an IRA for your kids’ college fund 
• [25:42] Pros and cons of using a real estate syndication as a type of 529 college fund
• [26:59] The do’s and don’ts of investing money in real estate syndications
• [30:32] Ways to teach kids the value of money

Resources mentioned in this episode

• [15:15] 529 Plan Withdrawal Rules: All You Need To Know – Forbes Advisor
• [18:55] Retire Early Using 1031 Exchanges
• [23:06] Nomad Capital
• [23:44] Kmart
• [25:57] Airbnb

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

In this episode, Anne Marie Rogers, CISP, delves into the realm of self-directed IRAs and alternative investments, offering valuable insights to help you navigate these financial avenues. Tune in to gain a deeper understanding of how these unique investments work and uncover effective strategies to enhance your financial journey today!

Key takeaways to listen for

• [0:42] Self-directed IRA: What it is, how it works, and what alternative investments you can use it on
• [11:26] What you need to know before investing using your 401k and IRA
• [17:00] An effective way to leverage your self-directed health savings account
• [20:45] The importance of diversifying your investment portfolio
• [22:26] Perks of joining an investor network

Resources mentioned in this episode

• [04:52] Airbnb
• [04:54] Vrbo
• [11:17] Nomad Capital

About Anne Marie Rogers, CISP

Anne Marie is the Vice President of Sales and Business Development of Quest Trust Company. In this role, she defines strategic sales plans and company objectives to maximize the growth of the company.

In the past, she has been a Sales Officer and Marketing Director of the same company and a Certified IRA Services Professional (CISP) from 2015 until the present. She helps clients in investing in a variety of private assets and is actively involved in educating individuals about investment options. She has a degree in Bachelor of Arts in Communication from St. Edward’s University and is currently based in Houston, Texas, USA.

Connect with Anne Marie

• Website: Quest Trust Company
• Phone: 855-386-4727

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Join Neil and Clint as they take a trip down memory lane and revisit the podcast's top moments of 2023. Tune in and learn which episodes garnered love or criticism on social media, and gain insights and lessons about passive income from the content of the past year.

Resources mentioned in this episode

• [02:00] How Adding HVAC Increased the Cash Flow and Value of a Storage Facility
• [07:53] Spencer Cornelia explains why sports betting affiliate marketing is one of the worst industries due to unrealistic claims and enabling gambling addiction
• [12:31] Replying to @Connor 
• [15:40] Breaking Bad
• [17:03] Avoiding the Entrepreneur’s Trap: Maintaining Freedom While Building Wealth
• [22:42] Matt MacFarland shares an example of how a retired syndication investor created over $200,000 in annual tax-free cash flow utilizing depreciation
• [28:56] Pay taxes now by maxing out contributions to a Roth IRA early in your career - the tax-free growth will make you rich over time
• [32:22] Robert Shortsleeves talks about how his first real estate investment was buying a rice field in Indonesia, which led him into wholesaling houses
• [33:48] The Key Loan Factors that Give You a Margin of Safety in Commercial Real Estate
• [41:25] Alex Felice suggests having hobbies for health, money, and creativity provides a balanced life for those seeking a fulfilling life
• [46:02] Spencer Cornelia pulls back the curtain on the research, script-writing, planning, and production that goes into a successful weekly YouTube video
• [50:00] Supercharge Your Real Estate Investments: Syndications for Scalable Wealth
• [54:40] The way to wealth and freedom is to build several streams of income

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Click play and take the first step towards a more secure tomorrow in today’s episode with Natalie Perry, CPA. Listen in for a thought-provoking discussion on estate planning and its importance in safeguarding your family’s future. This is a conversation you won’t want to miss!

Key takeaways to listen for

• [00:37] What is estate planning, who needs it, and why is it important
• [11:09, 24:08] How does estate planning help your beneficiaries and future generations?
• [15:11] The risks of not having an estate plan
• [20:54] How much does estate planning cost
• [31:01] Why you need to name your kids’ guardians in your will
• [36:22] Ways your estate plan can give to charity and its benefits

Resources mentioned in this episode

• [37:15] IRS

About Natalie Perry, CPA

Natalie is an attorney at Harrison LLP. She helps clients address estate planning and probate legal issues. She graduated in 1995 from DePaul University College of Law and was admitted to practice law in 1995. She represents clients in the Chicago area.

Natalie is a frequent speaker at professional education events for attorneys and accountants. Natalie was elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC) in 2016. She is currently chair of the Communications Committee and an active member of the Business Planning Committee for ACTEC.

Natalie is also a member of the board of directors of the Chicago Estate Planning Council. From 2018 through 2019, Natalie was Chairperson for the Hinsdale Hospital Foundation.

Connect with Natalie

• Website: Harrison LLP
• LinkedIn: Natalie M. Perry CPA JD

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Explore the untapped potential of your retirement fund with Carrie Cook in this engaging discussion on self-directed IRAs. Gain insights into the various types, uncover the associated benefits and challenges, and stay tuned until the end to empower your retirement journey. Don't miss out on maximizing your earning potential – join the conversation today!

Key takeaways to listen for

• [01:22]  What are the 4 types of IRAs, how they work, and which one is right for you
• [10:41] Top 3 alternative investment assets and the factors that impact them
• [19:28] Expert tips to help you avoid becoming a naive investor
• [27:00] Roth IRA vs. Traditional IRA: Their benefits and key differences
• [38:07] Biggest mistakes people make when investing retirement funds into alternative assets and how to solve them

Resources mentioned in this episode

• [15:38] Delaware Depository
• [15:42] Brink’s
• [19:12] Airbnb
• [28:10] Bitcoin
• [30:43] Facebook

About Carrie Cook

Carrie currently serves as President of Ignite Funding and CEO of Preferred Trust Company. With 17 years of expertise in private lending, she holds licenses from the Nevada Mortgage Lending Division and the Arizona Department of Financial Institutions.

Under Carrie's leadership, Ignite Funding has funded over $1 billion, emphasizing growth while preserving investor capital. As CEO of Preferred Trust Company, a licensed retail trust company specializing in alternative assets for IRA owners, Carrie oversees all aspects, demonstrating her commitment to transparency. She is a certified Self-Directed IRA Professional and has garnered recognition in notable financial publications and industry awards.

Connect with Carrie

• Website: Preferred Trust Company

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here

Get ready for a motivating discussion with Zach Oehlman about the power of real estate in creating opportunities for time and financial freedom. Join us as we go over his investment journey to discover not only the keys to success but also the path to purposeful and joyful living. So keep listening until the end of this episode!

Key takeaways to listen for

• [10:58] Importance of a good sales and marketing team in business success
• [14:06] Real estate classes to invest in to maximize benefits and returns
• [21:42] The mindset you need to be highly successful and happy
• [28:56] Benefits and essential aspects of making money online
• [32:29] Why following the gold standard might be a terrible idea

Resources mentioned in this episode

• [01:18] One Up On Wall Street by Peter Lynch | Kindle and Paperback
• [07:02] Genius in 21 Days
• [16:19] Nomad Capital
• [16:30] Airbnb
• [35:53] Bitcoin

About Zach Oehlman

Zach is the founder of Learn and Grow Rich, a dynamic platform empowering individuals to attain holistic wealth and prosperity. Zach’s background is rooted in a small farming community in Northwest Indiana, where he learned the values of hard work and perseverance. After earning a double degree in Finance and Business from Indiana University, he went on to work as a commodities broker at the Chicago Board of Trade. He eventually became a high-end financial consultant. 

After his corporate job, Zach became an entrepreneur and now runs multiple companies with over 45 people in 11 countries. His focus is on starting, scaling, and selling businesses. He and his wife have been traveling the world full-time for the last 3.5 years.

Connect with Zach

• Website: Learn and Grow Rich
• Blog: Blog - Indiana Oehlman

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Everything you need to get started in passive investing - Download Here