Round Table | How Can I Increase My Rate of Return?
When investing your money, you naturally want a higher return. But what exactly is a good rate of return, and how can you improve your chances of getting back more than your initial investment? There are three specific ways to do it.
A good tax strategy
Leveraging other people's money
The Infinite Banking System
Can I Franchise My Own Business? with Tom DuFore
As we look into different business models and wealth-building strategies, this conversation will certainly provide new insights into growing your business in a fast and profitable way. In this episode, Joey and Russ speak with Tom DuFore, CEO of Big Sky Franchise Team. Tom supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. He has the unique ability and knowledge in franchising, having been a franchisee, a franchisor, and a franchise supplier. Tom also worked as a Franchise Consultant for different companies.
Questions you need to ask before you franchise your business
Pitfalls to avoid when franchising
Opportunities to earn and grow your business through franchising
Tom DuFore
Tom DuFore is the CEO of Big Sky Franchise Team where he is responsible for the company strategy, vision, and growth. In his role, he also supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. Tom has the “Franchise Trifecta” having been a franchisee, a franchisor, and a franchise supplier. Prior to starting Big Sky Franchise Team, Tom spent more than 10 years as a Franchise Consultant working for multiple consulting companies. He also served as the Vice President of National Business & Franchise Development for the Rabine Group, a National Facilities Maintenance Construction Company with 15 business units. He led the company's sales, marketing, and national expansion initiatives, helping the business expand from $125 million to $185 million in annual revenue in just 2 years. Connect with Tom DuFore: Website - https://bigskyfranchiseteam.com/
Round Table | Debt Freedom vs. Financial Freedom
Having a huge amount of debt can be overwhelming. Hence, many people prioritize paying off their debts instead of putting their money elsewhere. They put off investing in money-making assets until they are debt-free. But is that the right path? Debt freedom is a silent threat. It is masked as financial freedom. In reality, debt freedom and financial freedom are two very different scenarios.
What is debt?
What is the alternative to paying off debt?
What can I do right now to start getting towards financial freedom?
Mentors, Partnerships, and Swimming Upstream with Tyler Cauble
Many entrepreneurs start their businesses out of necessity or by opportunity. But entrepreneurship is not always easy, especially at the beginning. So how do you learn everything you need to know to build a successful business? You never really get the know-how from the traditional education system. College education does not fully prepare you for an entrepreneurial life. But mentors, partnerships, and swimming upstream will help you. In this episode, Joey and Russ speak with Tyler Cauble, author of the best-selling book Open For Business: The Insider's Guide to Leasing Commercial Real Estate. He is the founder of The Cauble Group, one of Nashville's top 25 commercial real estate brokerages. Tyler has negotiated on behalf of clients like local businesses with a single location, to corporate franchises with hundreds of stores nationwide. His unique business model provides him with multiple opportunities to earn money. How is that possible? That's what Tyler will share with you today, so stick around!
Business ideas can come to you at any moment. What you do about it makes all the difference.
You can never really scale your business without the right partnerships and mentors.
Finding your unique selling point and business model is a huge factor in your success.
Tyler Cauble
Tyler Cauble is a commercial real estate broker focusing on leasing and sales, applying his expertise and market knowledge to broker retail, office, and industrial properties. He started his commercial real estate career with a boutique development firm at the age of 21. Now he owns one of Nashville’s top 25 commercial real estate brokerages, The Cauble Group, and two other thriving businesses. Connect with Tyler Cauble: YouTube - https://www.youtube.com/c/TylerCauble Instagram - https://www.instagram.com/commercial_in_nashville/
Round Table | Why Do I Want to Become Financially Free?
Before focusing on any goal, you should have a clear reason. WHY is it important to you? How would achieving a specific goal change your life? Today’s discussion is all about becoming financially free. Financial freedom can mean different things for different people. Many people want to have the freedom of choice to do the things they love and design their perfect days. What about you? Why do you want to become financially free?
Time Freedom: Do we have control over our time?
Security: Why is it important to keep score?
Participation: What does it mean to get a participation trophy?
Land is a Gateway Drug to Financial Freedom with Brent Bowers
Imagine if someone introduced you to a land flipping podcast where you can learn how to buy and sell raw land and turn it into monthly note income. That income then grows so rapidly that you must decide between going down the path you have been trained for or pursuing a life of financial freedom. What would you do? That’s an easy decision, right? In today's episode, Joey and Russ interview Brent Bowers, CEO of Zech Buys Houses LLC and Land Coach at The Land Sharks. Over the last seven years, Brent has built a business that generates at least $50,000 per month in PASSIVE INCOME. The money goes straight into his bank account each month. And now, he’s helping many others tap into this incredible business model. Tune in to discover how raw land became Brent’s gateway drug to financial freedom.
Why land investing is the fastest way to make a fortune in real estate.
When you have clarity and understand the process, opportunities will come knocking on your door.
If you are serious about achieving your financial goals, you will find ways instead of excuses.
Brent Bowers
Brent Bowers is the CEO of Zech Buys Houses LLC and Land Coach at The Land Sharks. Over the last seven years, Brent has built a business that generates at least $50,000 per month in PASSIVE INCOME. And now, he’s helping many others tap into this incredible business model. Connect with Brent Bowers: YouTube - https://www.youtube.com/channel/UCX4sxJwiz7ET7AKTXD9SA8A
Round Table | How Did I Learn About the Infinite Banking Concept?
In today’s conversation, the Financial Freedom Coaches go back to the basics as they talk about when they first learned about the Infinite Banking Concept (IBC) and what problems it has solved for them. This is an important discussion in case you haven’t decided yet if you want to go all-in and implement IBC to help you reach your financial goals.
When did I hear about IBC? Vs. When did I really learn about it?
What problems does IBC solve for different people?
How does the concept of “The teacher learns more than the student” apply to Infinite Banking?
Our Passive Income Report - May 2022
Today’s Passive Income Report is a milestone for Russ and Joey. In June 2020, they published their first Passive Income Report showing a net income of $3500. After venturing into different business opportunities, trial and error, and many lessons later, they now earn almost $47k in Passive Income. If you want to get inspiration and discover your pathway to financial freedom, tune in to this episode to hear how each business venture is performing in current market conditions. May 2022 Income At-A-Glance: Gross Income for May: $109,786.14 Total Expenses for May: $63,098.61 Total Net Profit for May: $46,687.53 Difference b/t April & May: $6,008.86 % of net profit to overall gross revenue: 43%
Round Table | Coaches Corner: What's Working and What's Not
When choosing to work with a coach or a mentor, you would naturally look for someone who has successfully done what you want to accomplish. You want to work with someone who “walks the talk.” So the Financial Freedom Coaches are here today for their quarterly update, which also serves as their accountability call. This is your opportunity to hear what they’ve been up to and decide if you want to learn more about how these coaches can help you achieve your financial goals.
What’s working
What’s NOT working
What’s on the horizon
Passive Income Retreat Austin, TX Recap with Sharran Srivatsaa and Mark Podolsky
If you were not part of the Passive Income Retreat that happened in Austin, TX, and you want to know what transpired, today you get the opportunity to go behind the scenes of that momentous event. Joining Joey Mure in this episode are two people who are members of the Passive Income Mastermind. Pay attention to the wisdom of Sharran Srivatsaa and Mark Podolsky as they share their major takeaways from the event, the side conversations, and shared experiences. There’s something powerful about live gatherings, especially when you interact with people who can help you level up your financial freedom journey. Sharran Srivatsaa is the CEO of SRILO CAPITAL, 4x Inc. 500 Entrepreneur, Host of the 5am Club and Private Advisor to Top CEOs. Mark Podolsky, also known as The Land Geek, has been buying and selling raw land full time since 2001. He completed over 5,500 land deals and his company, Frontier Equity Properties, has an A+ rating with the Better Business Bureau. Mark is also the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing.
Finding opportunities and turning your liabilities into assets
You can’t have a BIG goal WITHOUT a plan.
Growth accelerates when you are in the company of like-minded people.
Sharran Srivatsaa & Mark Podolsky
Sharran Srivatsaa is the CEO of SRILO CAPITAL, 4x Inc. 500 Entrepreneur, Host of the 5am Club and Private Advisor to Top CEOs. He is a serial entrepreneur, sought-after keynote speaker, and a respected thought-leadership resource for publications such as The Wall Street Journal, SUCCESS magazine, Huffington Post, and Forbes. Mark Podolsky, also known as The Land Geek, has been buying and selling raw land full-time since 2001. He completed over 5,500 land deals and his company, Frontier Equity Properties, has an A+ rating with the Better Business Bureau. Mark is also the author of Dirt Rich, the ultimate guide to helping you build a passive income model in raw land investing. Connect with Sharran Srivatsaa: Website - https://sharran.com/ Connect with Mark Podolsky: Website - https://www.thelandgeek.com/
Round Table | When is Speculative Investing Ok?
When you invest in something, you naturally expect to make a return. You desire to receive all your capital back and some profit when you sell the asset. If you speculate on an asset, you hope the price will move in your favor, but you are aware that it may not. So how much risk are you willing to take? As Sharran Srivatsaa says, “Every money decision needs a money plan.”
What is SPECULATION?
What is the alternative – Cash Flow or Appreciation?
When does speculation make sense?
From Grand Theft Auto to 33 Cars on Turo with Matty J
Do you have a vehicle you rarely drive? Instead of letting it gather dust in your garage, why not rent it out? Not sure if this is a good idea? Then listen up! In today's episode, Joey and Russ interview Matty J, an influencer and a successful car rental business owner. He has helped thousands of people successfully start, grow, and scale their car rental business with the TURO platform while generating eight figures in the car rental industry. Tune in to this episode to learn how to turn your liabilities on wheels into money-making assets.
Documenting a process
Following a process
Being patient and trusting the process
Matty J
Matty J is an influencer and a successful car rental business owner. He has helped thousands of people successfully start, grow, and scale their car rental business with the TURO platform while generating eight figures in the car rental industry. Matty J is also a Christian leader who openly shares his faith. Connect with Matty J: Website - https://www.carrentalgame.com/joincrgnow Instagram - https://www.instagram.com/ceomattyj/
Round Table | Nelson Nash Changed My Life
If you’ve been listening to this podcast for a while, you probably know who Nelson Nash is and how greatly he has influenced many people's lives by pioneering and spreading the Infinite Banking Concept. His book, Becoming Your Own Banker contains vital information that will help you take control of your cash flow and shift your mindset about the infinite possibilities of building generational wealth. Today’s conversation serves as a homage to Nelson, whom the coaches have met personally. So you will also hear personal stories about their insightful interactions with Nelson.
Mindset
Opportunity
Legacy
Round Table | What Not To Do When Trying To Save Taxes
Tax evasion is a crime. However, there are legitimate strategies to minimize your tax bill and keep more money in your pockets. The rich use many of these strategies because they have very tax strategists in their corner. But how can ordinary people take advantage of the same information? Who do you ask for help? What should you not do when trying to save taxes?
Seeking professional help
Building a plan and sticking to the plan
Evaluating tax brackets and using creative strategies to stay in the lower bracket
Is it Possible for a Franchise to Be Passive? with Kim Daly
Franchising is an excellent option if you want to become a business owner without starting from scratch. With franchising, you’re acquiring a business with existing systems and money-making processes. But it is not an entirely passive investment. So how much time and effort should you dedicate to a franchise? In today’s episode with franchise expert Kim Daly, you will learn some exciting things about franchising and how you can participate in this business model in one of these capacities: Owner-Operator, Semi-Absentee Owner, or Passive Investor.
The difference between entrepreneurship and franchising
The three types of investors and how they invest in a franchise
The criteria you should look for when choosing a franchise
Kim Daly
Kim Daly is one of America’s Top Franchise Consultants and the Founder and Host of KimDaly.tv. She is also a motivational speaker and international best-selling co-author of Franchising Freedom. For the past 20 years, Kim has been helping people realize their dreams of business ownership through franchising, and while helping others achieve their dreams, she has been fulfilling her own. So that's definitely a win-win situation. Before becoming a franchise consultant, Kim used to be an entrepreneur and highly sought-after consultant in the health and fitness industry, working with brands such as Denise Austin, Dr.Denis Waitley, Gold’s Gym, and eDiets.com. She is the creator of “The Daly Plan,” a millionaire mindset coaching program that enabled her to build the largest franchise consulting business in the history of franchise consulting in 2012. Kim is a mom of two teenage boys, and she’s living a good life in her beach home in New Hampshire. Connect with Kim: The Daly Coach YouTube Channel - kimdaly.tv
Round Table | I Bought A Whole Life Policy, Now What?
Have you purchased a whole life policy? If you did, what was your intent when you bought it? If you’re new to the Infinite Banking Concept (IBC) and still cannot fully wrap your head around it, this conversation might just be what you need. The idea of having a readily available cash flow to fund your purchases and make your money work for you is only limited by your creativity. And to encourage you to move forward and find more opportunities, you have to surround yourself with like-minded people. Knowing about IBC and implementing the system will enable you to rethink your thinking and trigger a shift in your mindset.
How do you use IBC (your whole life policy) for what you set it up for?
Why do you need to become part of a community?
How do you share the good news about this financial system and rethink your thinking?
Our Passive Income Report - April 2022
Welcome to another episode where Russ and Joey share the behind-the-scenes in their monthly passive income report. When they say passive income, it means income from the businesses and investments they have engaged in a passive capacity, either hiring an operator or a partner to run the business. Before we proceed to the April report, some adjustments happened in April, so the worksheet is still being finalized. We see the land business and short-term rental consistently doing well for April. If you're interested in the cryptocurrency craze, there are some interesting tidbits in today’s conversation. So tune in to this episode. April 2022 Income At-A-Gross Income for April: $94,460.42 Total Expenses for April: $61,398.84 Total Net Profit for April: $33,061.58 Difference b/t March & April: $50,179.53 % of net profit to overall gross revenue: 34.1%
Round Table | How Can I Impact The Next Generation?
Every great person wants to be remembered for the positive impact they made. They want to create a lasting legacy and leave the world a better place than they found it. Wouldn’t you want to do the same if you have the opportunity? You don't have to be ultra-rich or powerful. You just have to start where you are and with what you have. So how can you impact the next generation?
What are the different types of impact?
Why do you want to create an impact?
How do you create that impact?
Breaking Out of the Active Income Equation with Roberto Chavez
What would you do if you wanted to earn more money? If you are an active income earner, the only option is to work longer hours. And the cycle repeats itself. So how do you get out of the rat race? Imagine how it would feel to finally fire your boss and live life on your terms. That can happen once you find the path that’s right for you. Today’s guest knows what it's like to trade time for money. Now that he has built a passive income that exceeds his expenses, he is happy to share what he did. So tune in as Russ and Joey talk to Roberto Chavez, a member of their Passive Income Community. Roberto spent years in law school and more years working in a law firm until he discovered the land flipping opportunity, which became his path to financial freedom.
First, invest in yourself and discover your path to financial freedom.
Next, you have to take calculated risks.
Finally, you need to surround yourself with people who understand and support you.
Roberto Chavez
Roberto Chavez is a retired lawyer and a full-time land investor who is a part of the Land Geek community and the Wealth Without Wall Street Club 200. He now enjoys financial and time freedom while continuously growing his land-flipping business.
Round Table | I Have an Active Income Problem, Taxes are Killing Me
Do you get excited when payday comes? Are you happy to see how much money you get to take home? If you are a regular worker or an active income earner, you probably cringe at the sight of your take-home pay. The biggest chunk of your hard-earned income goes to your income tax, leaving you with very little to fund your family’s needs and enjoy the fruits of your labor. So how do you get out of this vicious cycle? And why is it that people who have more money get to pay less taxes? What are they doing to enjoy such privilege? That’s what the coaches are going to discuss today. So pay attention and discover how you can lower the amount of taxes you pay legally.
The four different ways people pay taxes according to where they are in the Cashflow Quadrant
Legal ways to minimize the amount of taxes you have to pay
