Leasing Land for Solar: How Much Money Can You Make Per Acre? with Dakota Malone

Do you have at least 30 acres of land you want to monetize? There's an opportunity besides land flipping that can turn your property into an income-generating asset. You can get paid to let a solar developer install solar technology on your property. The best part is that you can make money going green without buying the system or having to maintain it. The solar company does all the work for you. If you're curious about this opportunity, tune in to today's episode with Russ, Joey, and their guest, Dakota Malone of Community Solar Authority.

How to turn raw land into an income-generating asset

How to work with a solar farm developer, either as a landowner or a partner

Other ways to work with a solar farm developer if you do not have raw land for lease

Dakota Malone

Dakota Malone is one of the Managing Partners at Community Solar Authority, a solar farm development company. Dakota is a five-heart surgery survivor with a love for entrepreneurship and jumping into co-founding a sustainability company aligned perfectly. He believes in working on meaningful projects that help reshape the world into a more empowered place.

Round Table | How Not to Invest in 2024

When looking for advice about investing and growing your money, you always seek guidance on what you must do. But a more practical thing to do is to think of all the possible obstacles and all the wrong things to do to ensure you fail. It's always better to understand both sides of the equation.

Possible places to keep your money so you can't access it when investment opportunities are available

Doing the opposite of what your Investor DNA indicates

Stop pursuing your financial goals, so you don't become financially free

Creative Finance 101: How to Get Started with Chris Prefontaine

Real estate is still one of the most profitable ways to build wealth. However, the lack of capital and information about creative financing strategies keeps most people from investing in real estate. So, how can you start learning about creative finance? Today, Russ and Joey speak with someone who knows the ins and outs of alternative financing strategies that individuals can utilize to acquire properties. Tune in and learn to think outside the box to secure the best funding for your real estate deals.

How to structure a deal to ensure all parties win

Components of six-figure deals

The biggest struggle people have

Chris Prefontaine

Chris Prefontaine is the Chairman and Founder of Smart Real Estate Coach® and a four-time best-selling author. He is a Forbes Business Council Member and a three-time Inc 5000 Honoree for Fastest-Growing Company. Chris and his wife Kim have been married for 37 years, and their grown-up children, Nick and Kayla, participate in the family business while pursuing their entrepreneurial ventures.

Round Table | Should You Invest or Pay off Debt?

Choosing between paying down debt and investing is a decision many people find challenging. For the majority, paying off debts is the usual priority, thinking that being debt-free is the same as being financially stable. However, when you look at the wealthy, you will see that they prioritize investing and making their money grow. Which should you choose!? Before you decide, there are things you have to consider.

Common mistakes people make

Rules people must understand

Strategies to win the game

3 Steps to Hiring a Virtual Assistant That Helps You Grow and Saves You Time with Laith Masarweh

Are you constantly feeling overwhelmed in running your business? Being an entrepreneur or a business owner is hard work, especially if you do most tasks. You need to be the salesperson, the marketing strategist, the manager, etc. But it doesn’t have to be that way forever. One way to help reduce the overwhelm is to start outsourcing various tasks in your business. A great way to do it is by hiring a virtual assistant who can give you more time and freedom to focus on doing what you love. You can work on the long-term vision for your business, develop deeper relationships with your clients, and have the flexibility to spend more time with your family. Such are the wonderful benefits of hiring a virtual assistant. But how do you find the best virtual assistant? Today's episode with Russ, Joey, and Laith Masarweh outlines the three steps to hiring a virtual assistant to help you grow and save time.

The benefits of hiring a virtual assistant

Tasks you can outsource to a virtual assistant

Where to find an amazing virtual assistant

Laith Masarweh

Laith Masarweh is the CEO and founder of Assistantly, a game-changer in the outsourcing and offshoring industry.

Round Table | How To Invest For Beginners: Passive Income Edition

Getting started as an investor can be challenging or even scary for beginners. You want to make a good return on your investment, but you know the possibility of losing your money exists in every investment opportunity. Even those who have acquired sufficient knowledge, expertise, and confidence are not immune to risks. But the difference is that they know how to identify and mitigate those risks. So, if you want to begin your investing journey, creating a short list of critical points that a beginning investor should know is a good starting point.

The DEAL

The RISKS

The RESULT

14 Passive Income Ideas: How We Made $34k in a Month

How in the world can someone have 21 different passive income streams when many people don't even have one? Today, you will know the answer to that question. Join Russ and Joey as they go over each of their investments and report their passive income, as they do every month. They also discuss how much money you need and how you can gather insights about each type of investment so you can begin building your passive income. Top three things you will learn: Different passive income ideas How much money you would need to invest Where to get insights about each investment type January 2024 Income At-A-Glance: Gross Income for January: $45,184.29 Total Expenses for January: $10,978.13 Total Net Profit for January: $34,206.16 Difference b/t December & January: $3,046.77 % of net profit to overall gross revenue: 76%

Round Table | Investing in Your Kids

Parents, do you realize you only have 18 summers with your kids? After that, you have to let them go. How are you making the most of your limited time with them? How are you teaching them the skills they need to become independent? Are you investing in your kids?

The importance of spending quality time with your kids

Activities and questions you can ask your kids to discover their interests

Teaching your kids about entrepreneurship and how to be financially independent

3-Step Guide to Travel for Free with Eli Facenda

Do you want to travel the world? Whether visiting friends and family, going on a business trip, or taking a bucket list trip, travel helps us thrive. But not everyone can travel as much as they want because it can be very costly. What if you could travel to any destination in business class for free? Earning free travel can be simple, but it takes strategy. Today's guest, Eli "The Travel Guy" Facenda, will teach you how to do this and help you stay organized.

How to maximize your point earnings

How to maximize your point redemptions

How to maximize your travel perks and benefits

Eli Facenda

Eli Facenda is known as The Travel Guy because he discovered a strategic way to get $50k-$150k/yr of first-class travel by maximizing points, and he can help you do the same.

Round Table | Is a 401(k) Really a Good Retirement Plan?

Most of the American workforce automatically enrolls in a company retirement plan such as 401(k) without a second thought because they have been told it’s the best way to plan for retirement. Tax deferral plus an employer match seem like obvious reasons to believe it's a wise investment. But is a 401(k) a good retirement plan? Are there creative ways to build wealth without putting money into qualified retirement plans? Fortunately, there are better options.

Why qualified plans are not the best place to put your money

What does pulling your money out of your 401(k) or IRA look like?

Better ways to achieve financial freedom instead of relying on traditional plans

The Rookie's Ultimate Guide to Multifamily Real Estate Investing with Gino Barbaro

Real estate investing is one of the best ways to build wealth. But which real estate asset should you buy? Compared to the usually popular retail, office, and hospitality markets, the US multifamily real estate market is said to be a better choice now for real estate investors. Why the shift? And how do you invest in multifamily homes if you have no idea how to do it? Today's episode with Gino Barbaro will set you up for a good start.

How to buy right

How to finance right

How to manage right

Gino Barbaro

Gino Barbaro: Investor, entrepreneur, and author with a $100M+ real estate portfolio. Co-founder of Jake & Gino, a leading multifamily real estate education company. Best-selling author of "Wheelbarrow Profits" and more.

Round Table | The Infinite Banking Concept Explained and How to Get Started

You've probably heard about the Infinite Banking Concept, but still can't wrap your head around it. After all, how does putting money in a life insurance policy help you get closer to financial freedom? If you want to understand how this whole concept works, today's conversation will give you a good foundation.

What is Infinite Banking?

Why would someone want to do Infinite Banking?

Why is Infinite Banking important to your financial freedom journey?

Teaching Kids About Money With Scott Donnell

As a parent, you naturally want your kids to become ready to face the world. You strive to raise responsible and successful individuals. One of the skills they have to learn is financial responsibility. However, schools do not have it in their curriculum. So it is your responsibility to start teaching your children about money at home. The earlier they learn financial literacy, the greater the long-term impact. Parents have their way of enforcing financial responsibility on their children, like assigning homework or chores in exchange for money. However, there is a more effective way to teach kids about money, and that's what Scott Donnell will teach you in today's episode.

The 3 E’s in the Home Economy (Expectations, Expenses, Extra Pay Opportunities)

The difference between being an entrepreneur and being entrepreneurial

How to teach your kids about value creation

Scott Donnell

Scott Donnell is the co-author of Value Creation Kid: The Healthy Struggles Your Children Need to Succeed. He established Apex Leadership Co, Hapbee Technologies, and the GravyStack™ banking app for kids and families. Since 2011, his companies have taught leadership, fitness, and financial competency to over 6 million kids nationwide. Scott lives in Phoenix with his wife, Amy, and their four kids. Connect with Scott Donnell: Instagram - https://www.instagram.com/imscottdonnell/

Round Table | How to Start an Airbnb Business in 2024

Are short-term rental properties a good investment? There are many factors to consider, but the short answer is YES, assuming you do it the right way. If you've never done it before but you're interested in jumping into the profitable world of short-term rentals (STR), this conversation is exactly what you need. Today's round table features STR Operator and STR Course facilitator Clint Lovette, who is also a professional remodeling contractor. He previously shared his expertise in managing short-term rentals in the podcast, and now he's back with more information to help you start an Airbnb business in 2024.

Is it a good idea to invest in STR in 2024?

Pros and cons of investing in the STR space

How to talk to property owners about renting their place

Are You Layoff Proof? with Emma Powell

If there's one thing that employees fear, it's getting terminated or laid off, especially when they have a family to support, and their job is their primary source of income. If you are in the same position, how do you overcome the constant fear of avoiding the next round of job cuts? Living in fear of losing your job can be crippling, but preparation is the best way to beat the panic. Today's guest, Emma Powell, has an inspiring story that will nudge you to take action and make yourself layoff-proof. Whether you follow her path or find your own path, you will soon have the freedom to choose to work on the things you are passionate about and live a more fulfilling life.

Steps to becoming layoff-proof

How to get the education you need to pursue your path to financial freedom

Choosing the right team members to become successful

Emma Powell

Emma Powell is a seasoned commercial real estate investor specializing in multifamily properties. With a strong belief in the importance of knowledge and risk mitigation in investments, Emma has dedicated her time to mastering the art of passive real estate investing. Leveraging various financial tools, such as self-directed IRAs, 401(k)s, 1031 exchanges, dividend-paying whole life insurance, HELOCs, and discretionary income, Emma has successfully built a diverse portfolio while enjoying passive cash flow, tax advantages, and substantial returns. Connect with Emma Powell: Website - https://risecapitalinvestments.co/ and https://riseclubcapital.com/

Round Table | IBC Users Guide for Lines of Credit

Taking out a loan on your life insurance policy can give you quick access to cash, but only if you have the right type of policy. You can easily borrow against the cash value of a whole life insurance policy. But what about the interest rates and repayment terms? What are the other benefits of using a life insurance line of credit compared to borrowing from banks and other financial institutions? People tend to shy away from things they are not familiar with. However, understanding how the IBC line of credit works might help you broaden your options.

Why should you consider using a life insurance line of credit instead of obtaining bank loans?

Creative ways to use your life insurance as a source of funds for investments

Other benefits of using a life insurance credit line aside from easy access to cash

How We Made $2M+ in Passive Income

It was 2020 when Russ and Joey decided to share their passive income report and review the few deals they engaged in. Back then, they didn't have much to report, but they persevered in building multiple passive income streams. They have come a long way—from about $2,000 per month of passive income to $44,000 (and even higher in some months). While some investment decisions don't always turn out well, they take the lesson from each mistake and move forward. Today, they show us the results of their journey. Top three things you will learn: Before you invest in anything, it is critical to know your Investor DNA What deals have Russ and Joey tried, and what were the results? How to build passive income streams that will lead you to financial freedom December 2023 Income At-A-Glance: Gross Income for December: $44,001.53 Total Expenses for December: $12,850.14 Total Net Profit for December: $31,151.39 Difference b/t November & December: ($7,748.33) % of net profit to overall gross revenue: 71%

Round Table | Inner Circle Live Birmingham Takeaways

These days, it’s possible for people to find events that satisfy their interests in cities around the world. No matter what you’re looking to get out of a live event, many people usually walk away having had the event exceed their initial expectations. While some people get intimidated by live events, those brave enough to attend will find that there’s so much to gain, just like what happened in the recent Inner Circle Live event. If you were not able to join, here’s your opportunity to hear what transpired, and maybe that will encourage you to attend the next event.

The power of connecting with people during live events

How to educate your family the fun way so you move together towards the same goal

Different ideas that can jumpstart your journey to financial freedom

Are You an Investor or an Entrepreneur? with Buck Joffrey

Are you a highly paid employee or professional? Does your current career allow you to earn substantial income? If so, would there be any reason for you to seek a different path? Would you like to become an entrepreneur or an investor? In today's episode, Russ and Joey speak with Buck Joffrey, a surgeon turned entrepreneur and investor. Buck talks about his decisions and actions after reading Robert Kiyosakis's CASHFLOW Quadrant. The book provides a guide for people who are ready to change their lives and change from one quadrant to another. Are you prepared to leave the life you've always known and pursue something better? The choice is yours.

The difference between an entrepreneur and an investor

How to pivot from your current career to entrepreneurship

How to take risks and make scary decisions to get what you want

Buck Joffrey

Buck Joffrey is a surgeon turned serial entrepreneur. He is also the author of the international bestselling book “Seven Secrets of Eternal Wealth” and the host of the Wealth Formula Podcast. Like Russ and Joey, Buck believes we must keep our money out of Wall Street. His mission is to teach professionals how to take advantage of their finances and invest outside traditional stocks, bonds, and mutual funds. Connect with Buck Joffrey: Website - https://www.wealthformula.com/

Round Table | 10 Reasons Not To Use a Savings Account for IBC

Many people worry about providing security for their families if something unfortunate happens. They think about what their spouses and children will do to pay the bills. So comes the question: Should you buy life insurance or focus on saving money in a bank? While both life insurance and savings can result in a lump sum benefit for your loved ones, there are key differences, especially if you also plan to implement IBC to secure the future of your family.

The top reasons not to use your savings account for IBC

Why a life insurance policy is a better place to build your wealth

Recognizing your biases and shifting your mindset to achieve your financial goals