Passive Income Unlocked

Welcome to Passive Income Unlocked! Your host, Suja Shyam, reached financial independence by the age of 33 solely through investing in Real Estate. She is passionate about bringing the model of Real Estate Syndications to more people. On the show, she interviews experts in the Real Estate Syndication space and chats with them about their stories, their work, and their "WHY." Suja also interviews passive investors and others who provide valuable insights into personal development and growth. Once a week, Suja has a solo show where she discusses industry topics, her own journey to building Passive Income, and more. Please do not expect building passive income to be easy. But please DO expect that it is possible for you! This show aims to educate and inspire, thereby closing the real estate investing gap one investor at a time. Thanks for being here and enjoy the show!

498. The Habit of Giving: Building a Life of Purpose and Satisfaction with Bharat Kona 05/30/2024

498. The Habit of Giving: Building a Life of Purpose and Satisfaction with Bharat Kona How can adopting a mindset of giving and gratitude transform your life and help you achieve your goals? In this segment of Mindset Shorts, host Suja welcomes back guest Bharat Kona to discuss the importance of mindset in achieving personal and financial goals. Bharat shares his passion for supporting education for underprivileged children globally and how giving back has become a source of happiness and satisfaction for him. He also discusses the impact of Tony Robbins' teachings on his mindset shift, which has helped him become more productive, focused, and successful in accomplishing his short-term and long-term goals. Bharat emphasizes the significance of daily rituals, such as visualization, affirmations, gratitude practice, and meditation, in staying focused and organized on his journey. Bharat is a dedicated full-time sponsor and operator in commercial real estate, with a proven track record of acquiring and managing 650 units across the South and Midwest regions. Well-connected capital raiser, having successfully secured over $6.5 million to date. Proficient in asset management, financial underwriting, capital raise, and investor relations. [00:00:00] - [00:01:00] The Power of Giving Back - Bharat's passion for supporting education for underprivileged children - The transformative impact of education on modest families - Giving back as a source of happiness and satisfaction [00:01:00] - [00:04:00] Mindset Shift with Tony Robbins - Discovering Tony Robbins' teachings through books and seminars - The impact of Tony Robbins' coaching on Bharat's mindset - Accomplishing short-term and long-term goals through a shifted mindset [00:04:00] - [00:05:00] Giving is Living - Tony Robbins' philosophy: "Giving is living" - The importance of building a habit of giving, even when starting small - Bharat's journey of giving back and its significance in his life [00:05:00] - [00:07:00] Daily Routines for Success - The importance of daily rituals, as discussed in the book "Morning Miracle" - Bharat's daily practices: visualization, affirmations, gratitude, and yoga - Challenges in maintaining routines while traveling [00:07:00] - [00:08:00] Weekly Reflection and Planning - Dedicating half a day each weekend for silent meditation and reflection - Reviewing progress and identifying areas for improvement - Planning for the upcoming week to stay on track Quotes: - "Giving is living." - Tony Robbins, as mentioned by Bharat Kona "For me, I'm quite passionate about supporting education for underprivileged children globally, here in this country, or in Asia or Africa, and that's been very close to my heart." - Bharat Kona Connect with Bharat: FB: LI: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31401602

497. The Power of Positive Self-Talk in Achieving Financial Freedom with Igor Shaltanov 05/27/2024

497. The Power of Positive Self-Talk in Achieving Financial Freedom with Igor Shaltanov How can adopting the right mindset and discipline help you achieve financial success through real estate investing? In this segment of "Investing and Mindset Shorts," Suja welcomes back Igor Shaltanov, a multifamily investor and entrepreneur with a background as a professional athlete. Igor shares his insights on the importance of mindset and discipline in achieving success, particularly in the realm of real estate investing. He emphasizes the value of focusing on one thing at a time, persevering through challenges, and maintaining a positive internal dialogue. Igor also discusses the current state of the real estate market and the opportunities that may arise for those who remain disciplined and adaptable. Igor Shaltanov, co-founder and managing partner of Avista Fund, is a former professional athlete who transitioned into successful entrepreneurship and real estate investment. Guided by discipline and a relentless drive for excellence, Igor has founded and managed thriving companies and businesses in Southern California. [00:00:00] - [00:02:00] The Power of Focus: Mastering One Thing at a Time * Concentrate on a single aspect of alternative investments to build expertise and trust * Avoid chasing multiple opportunities simultaneously * Become recognized as a professional in your chosen niche [00:02:00] - [00:04:00] Perseverance: The Key to Long-Term Success * Stick to the game long enough to achieve financial success * Understand that real estate is a "get rich for sure" game, but it takes time * Maintain a long-term vision and focus on the bigger picture [00:04:00] - [00:06:00] Navigating Turbulent Times in Real Estate * Acknowledge that properties can be lost during challenging periods * Recognize that the best deals often emerge during market downturns * Learn from past experiences and apply that knowledge to future investments [00:06:00] - [00:08:00] The Importance of Positive Self-Talk * Regularly check the direction of your internal conversation * Focus on gratitude and self-worth rather than comparing yourself to others * Maintain a positive mindset, especially during challenging times [00:08:00] - [00:10:00] Mindset Practices for Success * Start the day with meditation, gratitude, and a positive outlook * Continuously monitor your thoughts and redirect them towards creativity and growth * Distinguish between a survival mindset and a growth mindset Quotes: "Focus on one thing. So people start to recognize you as a professional..." - Igor Shaltanov "It's not the matter of if, it's the matter of when you're going to become financially successful, financially free." - Igor Shaltanov Connect with Igor: Website: eBook: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31385552

496. The Power of Clarity, Discipline, and Execution in Achieving Your Goals with Vinicius Ramos 05/23/2024

496. The Power of Clarity, Discipline, and Execution in Achieving Your Goals with Vinicius Ramos How can investing in your personal development and mindset transform your journey towards achieving your goals and creating a fulfilling life? In this episode of Mindset Shorts, host Suja welcomes back Vinicius Ramos, a multifamily syndicator with Texas Valley Group. Ramos shares his insights on the importance of investing in personal development and cultivating the right mindset to achieve success in both business and life. He emphasizes the significance of clarity, discipline, and execution in reaching one's goals, and discusses the transformative power of attending personal development programs. Ramos also touches on the concept of creating a family office structure, regardless of the size of one's assets, and the value of having meaningful conversations with loved ones to establish clear objectives. Vinicius is a managing partner with Texas Valley Group Co-sponsored xa600+ units across San Antonio, McAllen, and Houston since 2021. He has focused his experience on scaling operations using digital transformation and go-to-market distribution strategies and has managed operations of US$45M+ year revenue. Graduated in Business Administration and with 16 years of experience in several industries, he has held positions in Brazil, Mexico, and the USA as Country Manager, New Business, and Managing director for large corporations. 00:00:00 - 00:02:00 - The Holy Grail of Achieving Results - Investing in personal development through coaching and programs - The importance of clarity, discipline, and execution - Showing up and putting in the hard work daily 00:02:00 - 00:04:00 - Budgeting for Personal Development - Allocating a percentage of your annual income to invest in yourself - Attending transformative events and trainings - The significance of having the right mindset and motivation 00:04:00 - 00:06:00 - Guarding the Doors to Your Mind - The importance of filling your mind with positivity and self-improvement - Replacing negative thoughts with positive ones and investing in knowledge - Constantly working on improving your mindset and skills 00:06:00 - 00:08:00 - The 360 Wealth Approach - Money is important, but relationships and fulfillment are key to happiness - Setting objectives, creating accountability, and sharing with loved ones - Influencing others positively through your actions and commitments 00:08:00 - 00:10:00 - Creating Clarity and Reducing Anxiety - The importance of having clarity in your goals and objectives - Engaging in meaningful conversations with role models and admired individuals - Learning from others and applying new insights to your life Quotes: "If you have the right mindset, I don't think there's anything that's impossible to achieve." - Vinicius Ramos "The only thing that we control is our thoughts." - Vinicius Ramos Connect with Vinicius: Website: Linkedin: Instagram: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31360317

495. The Neuroscience of Mindset: Unlocking Your Potential with Tim Fergestad 05/20/2024

495. The Neuroscience of Mindset: Unlocking Your Potential with Tim Fergestad Can understanding the chemistry behind our brains help us optimize our lives and achieve our goals more effectively? In this fascinating episode of Mindset Shorts, neuroscientist Tim Fergestad shares his insights on how understanding the brain's chemistry can help individuals enhance their achievements and improve their lives. He discusses the importance of healthy brain function, the role of dopamine in motivation and reward, and the significance of developing good habits and routines. Tim also emphasizes the crucial role of sleep in cognitive performance and overall well-being. Throughout the conversation, he provides practical tips and recommendations for optimizing brain health and achieving personal goals. Tim Fergestad believes that relationships are the cornerstone of success. His drive to help others has made him a sought-after partner for top investors. Before being the a full-time investor, Tim used his Ph.D. in Neuroscience to study the molecular mechanisms underlying synaptic function. Being a father of two teenagers and spouse of a busy physician means, when he is not traveling for conferences and inspecting properties, you’ll often find him sipping a fine mezcal or diving in the Caribbean - all while managing his assets and serving his clients. : (00:00:00 - 00:02:00) The Importance of a Healthy Brain and Mindset - Understanding the brain's chemistry is crucial for optimizing output and shaping reality - Mindset plays a significant role in achieving goals and taking action - Developing habits and systems is essential for staying on task and making progress (00:02:00 - 00:04:00) The Power of Sleep and Brain Chemistry - Sleep is crucial for cognitive function, decision-making, and memory - Mental health disorders can often be linked to unhealthy brain chemistry - Small tweaks in brain chemistry can have a significant impact on behavior and well-being (00:04:00 - 00:06:00) Neuroplasticity and Learning - Repetition over time strengthens neural connections and reinforces learning - Spaced training intervals are more effective than cramming for long periods - The brain needs rest and recovery to reorganize and strengthen neural patterns (00:06:00 - 00:08:00) Habits and Routines for Success - Consistency and routines are essential for improving sleep quality and cognitive performance - Waking up at the same time every day is more important than going to bed at the same time - Prolific writers rely on the power of consistency and routine to produce their work (00:08:00 - 00:09:00) Taking Action and Manifesting Goals - Setting up systems behind goals increases the likelihood of achieving them - Visualizing and manifesting goals is important, but taking action is crucial - Consistently taking small steps towards goals is the key to success Quote: "Mindset is huge. A lot of people know how to be rich, but they don't do it. They don't have the motivation, they fall short of when they actually have to set up goals and actions." - Tim Fergestad Connect with Tim: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31338342

494. The Power of Diversification: How Real Estate Can Protect Your Portfolio with Bharat Kona 05/16/2024

494. The Power of Diversification: How Real Estate Can Protect Your Portfolio with Bharat Kona Can diversifying your investment portfolio with real estate help protect you from the volatility of the stock market? In this insightful episode, Suja sits down with Bharat Kona, a seasoned real estate investor and former tech professional who shares his compelling journey from the Silicon Valley to the world of real estate investing. Bharat discusses his motivation for diversifying his investment portfolio after experiencing significant losses during the dot-com bubble and the 2008 housing crash. He explains how he discovered his passion for real estate and the benefits it offers, such as cash flow, equity multiplier, and tax advantages. Bharat also delves into the various types of real estate investments he has been involved in, including value-add multifamily, ground-up construction, and land entitlement deals. Throughout the episode, he shares valuable lessons learned and strategies for navigating the current challenging market conditions. Bharat is a dedicated full-time sponsor and operator in commercial real estate, with a proven track record of acquiring and managing 650 units across the South and Midwest regions. Well-connected capital raiser, having successfully secured over $6.5 million to date. Proficient in asset management, financial underwriting, capital raise, and investor relations. 00:00:00 - 00:03:00 | From Silicon Valley to Real Estate: Bharat's Transformative Journey Bharat shares his background in the tech industry and the painful experiences that led him to seek diversification He discusses how friends and mentors introduced him to the world of commercial real estate Bharat highlights his current portfolio and the capital he has raised across his deals 00:03:01 - 00:08:00 | Discovering Passion and Purpose in Real Estate Investing Bharat explains how he found true passion and enjoyment in working with investors and sharing the benefits of real estate investing He discusses the decision to transition from his tech career to full-time real estate investing Bharat shares insights on how his investors, primarily from the tech industry, are attracted to the diversification and tax benefits of real estate 00:08:01 - 00:14:00 | Navigating Different Asset Classes: From Value-Add to Ground-Up Construction Bharat discusses his first full-cycle deal, a 45-unit value-add property in Kansas City, and the lessons learned He shares his experience with ground-up construction projects in Sioux Falls, South Dakota, and the importance of demographics and partnerships Bharat touches on his involvement in a land entitlement deal in Austin suburbs and the challenges faced 00:14:01 - 00:20:00 | The Excitement and Challenges of Real Estate Investing Bharat expresses his passion for sharing knowledge and enlightening others about the benefits of diversifying through real estate He emphasizes the importance of patience and the long-term nature of real estate investing Bharat discusses the current market challenges, including high interest rates and the difficulty in finding good deals 00:20:01 - 00:28:00 | Strategies for Success in a Volatile Market Bharat shares his experience with using fixed bridge loans and successfully refinancing into agency loans He highlights the importance of consistent hard work, maintaining high occupancy, and controlling expenses Bharat discusses the advantages of investing in Midwest markets, which offer slower but steadier growth and less volatility compared to hot markets like Phoenix and Austin Quote: “This is not something to get rich quick. Patience is very critical in investing.” - Bharat Kona Connect with Bharat: Facebook: LinkedIn: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31263347

493. Mastering the Fundamentals: A Deep Dive into Real Estate Investing with Igor Shaltanov 05/13/2024

493. Mastering the Fundamentals: A Deep Dive into Real Estate Investing with Igor Shaltanov What does it take to go from being a professional athlete in Russia to a successful real estate investor in the United States? In this captivating episode, Igor Shaltanov shares his remarkable journey from being a professional water polo player in Russia to becoming a thriving entrepreneur and real estate investor in the United States. He discusses the challenges he faced during the uncertain times in Russia in the 1990s and how his decision to pursue a career in sports led him to discover new opportunities and expand his horizons. Igor's story is one of perseverance, adaptability, and the willingness to take risks in pursuit of a better future for himself and his family. Throughout the episode, he shares valuable insights on transitioning from being an athlete to an entrepreneur, the importance of passion and discipline in business, and the lessons he learned from his experiences in real estate investing. Igor Shaltanov, co-founder and managing partner of Avista Fund, is a former professional athlete who transitioned into successful entrepreneurship and real estate investment. Guided by discipline and a relentless drive for excellence, Igor has founded and managed thriving companies and businesses in Southern California. [00:00:00] - [00:08:59] Growing Up in Russia and Pursuing a Career in Sports The challenges and uncertainties of living in Russia in the 1990s How sports provided an opportunity for personal growth and new experiences The impact of traveling and expanding one's horizons [00:09:00] - [00:16:59] Transitioning from Athlete to Entrepreneur The decision to stay in the United States and start a new life Opening a basketball training company and the lessons learned from running a business The importance of passion and discipline in entrepreneurship [00:17:00] - [00:23:59] Discovering Real Estate Investing The journey from being a business owner to an investor The lessons learned from early real estate investments in Russia The decision to focus on real estate investing in the United States [00:24:00] - [00:30:59] Scaling Up in Real Estate The challenges and benefits of investing in single-family homes The decision to transition to multifamily syndication The importance of understanding one's goals and desired role in real estate investing [00:31:00] - [00:34:59] Navigating the Current Multifamily Market The impact of rising interest rates and new supply on the multifamily market The importance of finding good deals and locking in favorable interest rates The value of staying informed through conversations with experienced operators Quotes: "Investing is not about chasing the latest trends; it's about understanding the fundamentals and making informed decisions." - Igor Shaltanov "Real estate investing is a journey of constant learning and adaptation. Embrace the challenges, and you'll find success." - Igor Shaltanov Connect with Igor: Website: eBook: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31200242

492. From Brazil to Texas: Capitalizing on Apartment Investing Opportunities with Vinicius Ramos 05/09/2024

492. From Brazil to Texas: Capitalizing on Apartment Investing Opportunities with Vinicius Ramos How can foreign investors navigate the complexities of investing in U.S. multifamily syndications and capitalize on the opportunities available in the current market? In this insightful episode, Vinicius Ramos shares his unique experience as a foreign investor in U.S. multifamily syndications. Vinicius, originally from Brazil, transitioned from a successful corporate career to co-founding Texas Valley Group, which helps international investors access multifamily investment opportunities in Texas. He discusses the challenges and strategies for investing as a foreign investor, the importance of surrounding yourself with knowledgeable people, and the lessons he has learned throughout his journey in the ever-changing real estate market. Vinicius is a managing partner with Texas Valley Group Co-sponsored xa600+ units across San Antonio, McAllen, and Houston since 2021. He has focused his experience on scaling operations using digital transformation and go-to-market distribution strategies and has managed operations of US$45M+ year revenue. Graduated in Business Administration and with 16 years of experience in several industries, he has held positions in Brazil, Mexico, and the USA as Country Manager, New Business, and Managing director for large corporations. [00:00:00] - [00:04:00] Chapter 1: From Brazil to Texas: Vinicius's Journey in Real Estate Investing - Vinicius's background in consulting and international corporate career - Falling in love with Texas and its business opportunities - Discovering the potential of apartment investing [00:04:00] - [00:09:00] Chapter 2: Diving into Multifamily Syndications: Financing and Growth - The attraction of apartment investing as a low-risk asset class - Navigating financing options as a first-time investor - Growing from a 52-unit apartment to over 800 units under management [00:09:00] - [00:12:00] Chapter 3: Navigating the Current Market: Opportunities and Strategies - Adapting to the high inflation and high interest rate environment - Finding opportunities through assumable loans and distressed assets - Underwriting conservatively and being selective with tenant screening [00:12:00] - [00:15:00] Chapter 4: Investing as a Foreign Investor: Challenges and Guidance - Differences between investing as a U.S. person and a foreign investor - Fiscal implications and strategies to protect investments - Providing guidance and support for foreign investors [00:15:00] - [00:20:00] Chapter 5: Lessons Learned and Advice for Aspiring Investors - Surrounding yourself with knowledgeable people and networking - Minimizing risk exposure by co-investing and learning from others - Prioritizing investor relationships and putting their interests first Quotes: "I believe it is a time of opportunity. You have to be conservative on next steps because it will get worse before it gets better." - Vinicius Ramos "If you want to do something, you have to get in the water. You have to really surround yourself with the knowledge and the people that are living and breathing what you're trying to do." - Vinicius Ramos Connect with Vinicius: Website: Linkedin: Instagram: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31142278

491. Navigating Market Cycles: Insights on Multifamily Investing with Tim Fergestad 05/06/2024

491. Navigating Market Cycles: Insights on Multifamily Investing with Tim Fergestad What if the path to financial freedom lies in thinking differently about investments and following the footsteps of the uber-wealthy? In this thought-provoking episode, Tim Fergestad shares his journey from neuroscience to real estate investing, shedding light on the importance of aligning interests with financial advisors and diversifying one's portfolio. He discusses the pitfalls of relying solely on the stock market and the advantages of investing in real estate, particularly multifamily properties. Tim also shares his insights on the current market cycle, the benefits of buying and holding real estate, and the potential of debt funds as a passive investment option. Tim Fergestad believes that relationships are the cornerstone of success. His drive to help others has made him a sought-after partner for top investors. Before being the a full-time investor, Tim used his Ph.D. in Neuroscience to study the molecular mechanisms underlying synaptic function. Being a father of two teenagers and spouse of a busy physician means, when he is not traveling for conferences and inspecting properties, you’ll often find him sipping a fine mezcal or diving in the Caribbean - all while managing his assets and serving his clients. 00:00:00 - 00:07:00 - From Neuroscience to Real Estate: Tim's Pivotal Career Shift Tim's background in neuroscience and his decision to pivot to real estate investing The importance of aligning interests with financial advisors Discovering real estate as one of the best asset classes for generating wealth 00:07:01 - 00:14:00 - Unveiling the Investment Strategies of the Wealthy The stock market is a minority in the portfolios of successful investors The power of real estate in creating millionaires The role of private equity and businesses in generating substantial wealth 00:14:01 - 00:21:00 - Scaling Up: Transitioning from Single-Family to Multifamily Investing The challenges of managing single-family rentals from afar The advantages of multifamily investing, including scale and on-site property management The importance of holding real estate long-term to generate wealth 00:21:01 - 00:28:00 - Navigating Market Cycles and Investment Opportunities The current state of the single-family and multifamily markets The potential for buying opportunities when the market is down The significance of loan terms and their impact on real estate investments 00:28:01 - 00:31:00 - Passive Investing and the Potential of Debt Funds The advantages of passive real estate investing The potential of debt funds as a passive, cash-flowing investment option The importance of understanding one's risk profile and investment goals Quotes: "Wealth historically in real estate is generated by buying and holding. The holding is really important." - Tim Fergestad "I like real estate because it is easier to deal with, it's simple. I know what I'm getting into, and I can control most of the variables." - Tim Fergestad Connect with Tim: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/31090963

490. The Power of Mindfulness in Entrepreneurship with Litan Yahav 05/02/2024

490. The Power of Mindfulness in Entrepreneurship with Litan Yahav How can mindfulness and other unconventional techniques help entrepreneurs and investors manage the intense stress and emotional rollercoaster of building a company? In this episode of Mindset Shorts, Suja welcomes back Litan Yahav, the founder of Vyzer, to discuss the unique challenges and mindset required to be a successful tech founder. Litan shares his personal experiences and insights on managing stress, setting goals, and embracing risk as an entrepreneur. He delves into the unconventional techniques he uses to maintain mental stability, such as Wim Hof breathing exercises, cold showers, and mindfulness practices. Litan emphasizes the importance of disconnecting the mind from constant thinking and focusing on the present moment to relieve stress and make better decisions as a leader. Litan is a Navy veteran and tech founder who exited his last startup nine years ago to become a full-time passive investor. Driven by his passion for generating wealth and passive income, he created Vyzer, a platform designed to automate the management and control of every type of investment product, keeping passive investing truly passive. 00:00:00 - 00:02:00 The Roller Coaster of Being a Tech Founder - Dealing with extreme highs and lows on an hourly basis - Balancing the stress of running a company with personal life - The importance of goal setting and monitoring progress 00:02:00 - 00:05:00 Unconventional Stress Management Techniques - Incorporating mindfulness, meditation, and Wim Hof breathing exercises - The benefits of cold showers and cold plunges - Disconnecting the mind from constant thinking to relieve stress 00:05:00 - 00:07:00 The Mindset of an Entrepreneur - Being born with or nurturing a risk-taking characteristic - Driven by the desire to solve problems using technology - Focusing on solving inefficiencies rather than monetary aspects 00:07:00 - 00:09:00 Navigating the Financial Challenges of Entrepreneurship - Working part-time jobs to support oneself before raising capital - The importance of taking a salary to focus 100% on building the company - Investors' incentive for founders to prioritize building the business 00:09:00 - 00:11:00 The Power of Mindfulness in Leadership - Participating in the Hoffman Kaufman Institute workshop - Applying mindfulness exercises in daily life, even while driving - The impact of focusing on the present moment to calm down and make better decisions Quotes: - "The vast majority of tech entrepreneurs take a salary, even if it's a small one, because it aligns with everyone's incentives, including investors, to allow founders to focus solely on building the company without worrying about anything else." - Litan Yahav - "When you think about it, there are no moments in your life where you disconnect your mind from thinking about anything." - Litan Yahav Connect with Litan: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30983728

489. Mastering Time Efficiency: Unlocking the Secret to Achieving Your Goals with Austin Zelan 04/29/2024

489. Mastering Time Efficiency: Unlocking the Secret to Achieving Your Goals with Austin Zelan How can mastering time efficiency help you achieve your goals and live a more fulfilling life? In this episode of Mindset Shorts, Suja welcomes back Austin Zelland, a successful entrepreneur and the founder of Cashflowpreneur, to share his valuable insights on time efficiency. Austin discusses how he manages to balance multiple businesses, extracurricular activities, and personal interests by prioritizing tasks, focusing on main goals, and quickly pivoting from one task to another. He shares his journey of learning time efficiency through trial and error, starting from his childhood days when he would find ways to maximize his time at school to have more free time for the activities he loved. Austin also emphasizes the importance of time-blocking, planning, and separating emotions from tasks to achieve greater efficiency and productivity. Austin Zelan is an American businessman, investor, TEDx speaker, and philanthropist. Throughout his career, he has always focused on productivity and efficiency, finding ways to have more positive impact with his work. This has allowed him to simultaneously run multiple successful businesses, pursue his PhD, and serve on several executive boards. He has a passion to help others grow and achieve more. Austin currently coaches students from around the world to increase their impact, while decreasing inefficiencies. He helps each student create Six Figures in Passive Income through his mentorship program. This proven framework creates generational wealth for his students and allows them to take back control of their time. This has allowed him to shape the investment space to become more efficient and more lucrative for investors. [00:00:00] - [00:01:30] Mastering the Art of Juggling Multiple Pursuits - Prioritize tasks and focus on main goals - Learn to pivot quickly between tasks - Avoid letting personal matters affect business performance [00:01:30] - [00:03:30] Developing Time Efficiency Skills from Childhood - Find ways to condense the day and maximize free time - Start homework during free time at school - Simultaneously learn and work on assignments [00:03:30] - [00:05:30] The Power of Thorough Planning and Time-Blocking - Pre-plan the entire week, down to 15-minute intervals - Include breaks and personal time in the schedule - Raise up other leaders to delegate tasks [00:05:30] - [00:06:30] Balancing Efficiency with Self-Care - Plan for breaks and naps in the schedule - Pivot quickly to make the most of free time - Separate emotions from tasks to maintain efficiency [00:06:30] - [00:07:30] Getting Started with Time Efficiency - Simplify tasks and avoid procrastination - Separate emotions from tasks and focus on what needs to be done - Find a balance between efficiency and personal well-being Quotes: "Time management is the key to make all of this happen because I don't like to do things where I'm not giving my full effort and my full attention." - Austin Zelland "The more I can separate my emotions from the things that I have to do, the more efficient I become." - Austin Zelland Connect with Austin: Website: Instagram: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30956333

488. Building a Financial Foundation for Empowerment with Whitney Elkins-Hutten 04/25/2024

488. Building a Financial Foundation for Empowerment with Whitney Elkins-Hutten How can you break free from the traditional 9-to-5 grind and create a life that allows you to prioritize what truly matters? In this segment of Mindset Shorts, Suja welcomes back Whitney Elkins Hutton to discuss her journey towards achieving financial and time freedom. Whitney shares her personal experiences and the turning points that led her to realize the importance of being present for her family and having the flexibility to make choices that align with her values. Throughout the conversation, they explore the concept of the five freedoms - financial, time, choice, location, and impact - and how building a solid financial foundation can unlock these freedoms. Whitney emphasizes that while the journey may not be overnight, with determination and the right strategies, it is possible to break free from the traditional 9-to-5 and create a life on your own terms. Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com, Founder of , author of published with BiggerPockets, co-author of the international #1 bestseller Resilient Women in Life and Business, host of the Passive Investing Made Simple YouTube show and podcasts, and a partner in $800MM+ in real estate — including over 6500+ residential units, 15 express car washes, and more than 2200+ self-storage units across 11 states—and experience flipping over $5MM in residential real estate. (00:00:00 - 00:02:00) The Turning Point: Whitney's Father's Health Crisis - Whitney shares how her father's health crisis in 2002-2003 was a turning point in her journey towards time and financial freedom - She realized the importance of being there for her family during tough times - This experience made her question the traditional work structure and its limitations (00:02:00 - 00:04:00) Scaling Up and Facing Layoffs - As Whitney's daughter was born, she sought more flexibility in her schedule and began investing in real estate - In 2017, her department faced layoffs, and she was eventually served a pink slip after dedicating long hours to the company - This experience further solidified her desire to create a life with more control over her time (00:04:00 - 00:06:00) Tasting Freedom and Never Looking Back - After being laid off, Whitney took an extended camping trip with her family and realized the power of saying "no" to immediate job offers - She discovered the empowerment that comes with having the financial foundation to make choices that prioritize her family and well-being - Once she experienced this freedom, she knew she could never go back to the traditional work structure (00:06:00 - 00:08:00) Building a Financial Foundation for Empowerment - Whitney emphasizes that while she didn't have a substantial passive income at the time, her financial foundation allowed her to say "no" for a period of time - She discusses the importance of building a solid financial foundation to gain the ability to set boundaries and make empowered decisions - Whitney shares how she continued to prioritize her family's needs even as she transitioned into full-time real estate investing (00:08:00 - 00:11:00) The Five Freedoms: Unlocking a Life of Choice - Suja and Whitney discuss the five freedoms: financial, time, choice, location, and impact - They explore how financial freedom can be the key to unlocking the other freedoms - Whitney encourages listeners to identify which freedoms they truly desire and to work towards creating a life that aligns with those values Quote: - "Feeling empowered that you have the right financial foundation and the right amount of passive income coming into where you can actually set some boundaries for yourself is so empowering." - Whitney Elkins Hutton Connect with Whitney: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30900293

487. The Power of Perseverance: Building Mental Resilience for Success with Victoria McGuire 04/22/2024

487. The Power of Perseverance: Building Mental Resilience for Success with Victoria McGuire Can pushing yourself to do uncomfortable things on a daily basis really transform your mindset and lead to success in both your personal and professional life? In this thought-provoking segment of Mindset Shorts, host Suja Shyam welcomes back Victoria McGuire, a seasoned marathon runner and successful multifamily investor. Victoria shares her insights on how the mental toughness and commitment required to run marathons have translated into her success in real estate investing. She emphasizes the importance of doing things you don't want to do and being comfortable with discomfort in order to build mental resilience. Victoria also discusses her experience with the 75 Hard program, a 75-day challenge designed to cultivate self-discipline and mental toughness through daily tasks such as workouts, reading, and adhering to a strict diet. Throughout the episode, Victoria highlights the parallels between the dedication needed to complete a marathon and the perseverance required to succeed in the multifamily investment space. Victoria McGuire is a real estate investor based in St Petersburg, Florida. She and her husband, Marv, started building their real estate portfolio in the early 2000s before pivoting to larger investments and founding Heartsill Capital Partners. Now they partner with well-established operators on larger multifamily deals to help everyday people accelerate their financial freedom and generate legacy-building wealth. Victoria and her husband specifically target investments in Florida, Georgia, South Carolina, and Texas. [00:00:00 - 00:02:00] "Marathons and Multifamily: The Power of Commitment" - Mental toughness is key to success in both marathon running and multifamily investing - Commitment and drive are essential to pushing through challenges - Consistently doing things you don't want to do helps build mental resilience [00:02:00 - 00:04:00] "Embracing Discomfort: The Path to Growth" - Self-discipline involves doing difficult things, even when it's hard - Going through tough periods is often necessary to reach success - Mental toughness allows you to persevere through challenges [00:04:00 - 00:06:00] "75 Hard: A Journey to Mental Resilience" - The 75 Hard program consists of five daily tasks designed to build mental toughness - Tasks include drinking a gallon of water, reading 10 pages of a nonfiction book, following a diet, completing two 45-minute workouts, and taking progress pictures - Missing any task requires starting the program over from day one [00:06:00 - 00:07:00] "Navigating Challenges: Strategies for Success" - Having a supportive partner can make challenging programs like 75 Hard more manageable - Empty nesters may find it easier to stick to strict routines without the added responsibilities of parenting - Incorporating variety in workouts can help maintain interest and motivation [00:07:00 - 00:08:00] "Embracing the Journey: Final Thoughts" - Trying a program like 75 Hard at least once can have a significant impact on personal growth - Mental toughness and self-discipline can be cultivated through consistent effort - Embracing discomfort and pushing through challenges can lead to success in all areas of life Quotes: "A key part of mental toughness is just doing things that you don't want to do and being comfortable being uncomfortable." - Victoria McGuire "Sometimes you've got to go through bad periods of your life to get to the good. And I think mental toughness helps you just to get through those." - Victoria McGuire Connect with Victoria: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30863248

486. The Private Investment Landscape: Risks, Rewards, and Technology with Litan Yahav 04/18/2024

486. The Private Investment Landscape: Risks, Rewards, and Technology with Litan Yahav How can technology revolutionize the way passive investors manage their private investments and streamline their financial journey? In this insightful episode, Sujata Shyam sits down with Litan Yahav, a successful entrepreneur and passive investor, to discuss his journey from selling his 3D diamond imaging startup to navigating the world of private investing. Litan shares his experiences and the challenges he faced while managing multiple passive investments, which ultimately led him to create Vyzer, a platform designed to help passive investors track and manage their investments more efficiently. Throughout the conversation, Litan provides valuable insights into the risks and rewards of private investing, the importance of finding trustworthy operators, and the benefits of using technology to streamline the investment management process. Litan is a Navy veteran and tech founder who exited his last startup nine years ago to become a full-time passive investor. Driven by his passion for generating wealth and passive income, he created Vyzer, a platform designed to automate the management and control of every type of investment product, keeping passive investing truly passive. [00:00:00] - [00:03:00] From 3D Diamond Imaging to Private Investing - Litan's background and entrepreneurial journey - Exiting his startup and facing the question of how to deploy capital - The decision to invest in private markets, particularly real estate [00:03:00] - [00:07:00] Navigating the Risks and Rewards of Private Investing - Comparing the risks of public and private markets - The importance of finding trustworthy operators to mitigate human risk - Balancing the risk of time investment with potential returns [00:07:00] - [00:12:00] The Birth of Vyzer: Solving the Challenges of Managing Passive Investments - The challenges of managing multiple passive investments and the lack of suitable solutions - Building a software to track investments and the evolution into a startup - Key features of Vyzer, including transaction reconciliation, cash flow planning, and investment insights [00:12:00] - [00:18:00] Leveraging Data and Community Insights to Empower Investors - Providing transparency into fund performance and investor activity - Analyzing deal flow and offering educational content to help investors make informed decisions - The value of a platform like Vyzer in streamlining administrative tasks and saving time [00:18:00] - [00:21:00] The Future of Private Investing and Advice for Aspiring Investors - The advantages of private markets, including cash flow, depreciation, and future upside - Comparing the returns and time investment of passive and active investing - Tips for getting started with private investing and building initial capital Quotes: "The biggest risk in private investing is finding people you can trust - operators who will not lie to you, steal from you, or scam you. That's super important." - Litan Yahav “When comparing passive and active investing, it's crucial to look at the relationship between the returns and the work required. Sometimes, the exponentially higher time investment in active deals doesn't justify the marginally higher returns compared to passive investing." - Litan Yahav Connect with Litan: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30768958

485. Unlocking Six-Figure Passive Income and The Private Jet Investing Model with Austin Zelan 04/15/2024

485. Unlocking Six-Figure Passive Income and The Private Jet Investing Model with Austin Zelan Can you really go from being broke to owning a private jet and generating six-figure passive income? Austin Zelan shares his journey and the strategies he uses to help others achieve financial freedom. In this episode, Sujata Shyam sits down with Austin Zelan, the founder of Cashflow Preneur, to discuss how he helps people achieve six-figure passive income through various investment strategies. Austin shares his background in the corporate world and how he transitioned to full-time investing, focusing on time freedom, financial freedom, and geographical freedom. He explains how he diversified his portfolio and eventually discovered the potential of investing in private jets. Austin breaks down the private jet investment model, discussing the risks, benefits, and the process of upgrading to larger, more profitable jets over time. He also touches on strategies for accessing capital, such as zero-percent interest credit cards and business loans. Austin Zelan is an American businessman, investor, TEDx speaker, and philanthropist. Throughout his career, he has always focused on productivity and efficiency, finding ways to have more positive impact with his work. This has allowed him to simultaneously run multiple successful businesses, pursue his PhD, and serve on several executive boards. He has a passion to help others grow and achieve more. Austin currently coaches students from around the world to increase their impact, while decreasing inefficiencies. He helps each student create Six Figures in Passive Income through his mentorship program. This proven framework creates generational wealth for his students and allows them to take back control of their time. This has allowed him to shape the investment space to become more efficient and more lucrative for investors. 00:00:00 - 00:03:59 | From Corporate Job to Full-Time Investor - Austin's journey from working at Microsoft to pursuing his passion for investing - Focusing on time freedom, financial freedom, and geographical freedom - Diversifying his portfolio to protect his investor status 00:04:00 - 00:07:59 | Accessing Capital for Investments - Teaching people how to access six-figure capital from banks at 0% interest - Optimizing credit and working with relationship managers at banks - Alternative methods of accessing capital, such as business loans and trading firms 00:08:00 - 00:13:59 | The Private Jet Investment Model - Partnering with a charter company to invest in profitable private jets - Generating monthly net cashflow and building equity in the jets - Risks and risk mitigation strategies in the private jet model 00:14:00 - 00:20:59 | Scaling Up and Upgrading Jets - The process of upgrading from a $5 million jet to a $25 million jet - How a $200,000 investment can turn into $5 million in equity over time - The potential for high annual cash flow returns on top of equity growth 00:21:00 - 00:24:59 | Refinancing and Investor Perks - Refinancing strategies to lower monthly payments and upgrade jets - Organizing exclusive getaways for jet investors to collaborate and network - How to learn more about Austin's projects and connect with him Quotes: - "We've had people come in, get access to capital, and then use that money to invest into a private jet. So they went from basically being broke to a part owner of a private jet that's producing them a positive cashflow every single month." - Austin Zelan - “We have people that come into the program, and once they get into the program, we were able to get them six figures in capital from the bank at 0 percent interest." - Austin Zelan Connect with Austin: Website: Instagram: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30747083

484. Strategies for Building and Protecting Generational Wealth with Whitney Elkins-Hutten 04/11/2024

484. Strategies for Building and Protecting Generational Wealth with Whitney Elkins-Hutten How can you ensure that your wealth not only grows but also lasts for generations to come? In this enlightening episode, Whitney Elkins-Hutten, the director of investor education at passiveinvesting.com and founder of Ash Wealth, shares valuable insights from her new book, "Money for Tomorrow: How to Build and Protect Generational Wealth." Whitney discusses the importance of not only creating and growing wealth but also keeping it and passing it on to future generations. She delves into the common mistakes people make that lead to significant financial losses and offers practical strategies to safeguard and multiply wealth. Additionally, Whitney explores the potential of express car washes and preferred equity investments in today's market. Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com, Founder of , author of published with BiggerPockets, co-author of the international #1 bestseller Resilient Women in Life and Business, host of the Passive Investing Made Simple YouTube show and podcasts, and a partner in $800MM+ in real estate — including over 6500+ residential units, 15 express car washes, and more than 2200+ self-storage units across 11 states—and experience flipping over $5MM in residential real estate. (00:00:00 - 00:09:59) Unlocking the Secrets to Generational Wealth - Learn about Whitney's background and her motivation for writing "Money for Tomorrow" - Discover the four rules you must master as an investor to win the wealth game - Understand the importance of keeping wealth and avoiding common pitfalls (00:10:00 - 00:15:59) The Seven Pillars of Wealth: A Blueprint for Success - Explore the seven wealth pillars that help identify high-quality assets - Learn how to grade investments based on these pillars - Discover the ideal audience for "Money for Tomorrow" and how it can benefit both new and seasoned investors (00:16:00 - 00:22:59) The Express Car Wash Revolution: A Lucrative Investment Opportunity - Uncover the potential of express car washes as an emerging asset class - Understand the key factors that make express car washes an attractive investment - Learn about the operational optimizations and revenue models that drive profitability (00:23:00 - 00:27:59) Diversifying Your Portfolio: The Power of Debt Funds - Discover why investors are increasingly interested in debt funds in the current market - Learn about the unique features of Whitney's debt fund and how it minimizes default risk - Understand how debt funds can provide stable income and portfolio diversification (00:28:00 - 00:33:00) Preferred Equity: Balancing Cash Flow and Growth - Explore the benefits of preferred equity investments in today's market - Learn how preferred equity can offer both guaranteed returns and profit participation - Discover how Whitney's alliance fund capitalizes on opportunities in performing multifamily real estate Key Quotes: "Investors over concentrate on creating wealth and growing their wealth. Most investors lose it when they don't know how to keep it and pass it on to the next generation." - Whitney Elkins-Hutten "If you don't have a plan for it, I guarantee you somebody else does." - Whitney Elkins-Hutten Connect with Whitney: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30680848

483. Uncovering the Secrets of Successful Multifamily Underwriting with Victoria McGuire 04/08/2024

483. Uncovering the Secrets of Successful Multifamily Underwriting with Victoria McGuire How can mastering the art of underwriting multifamily deals transform your real estate investing journey and help you make informed decisions? In this insightful episode, Victoria McGuire shares her expertise in multifamily real estate investing, particularly focusing on the crucial skill of underwriting. With a background in residential real estate, Victoria and her husband embarked on their multifamily journey to scale their investments and work together. She emphasizes the importance of thorough research, verifying information, and diving deep into rent roll analysis when evaluating potential deals. Victoria also discusses the competitive nature of the current market, the states and markets she prefers to invest in, and the significance of vetting sponsors when considering passive investing opportunities. Throughout the episode, she provides valuable tips and insights for both active and passive investors looking to navigate the multifamily real estate space successfully. Victoria McGuire is a real estate investor based in St Petersburg, Florida. She and her husband, Marv, started building their real estate portfolio in the early 2000s before pivoting to larger investments and founding Heartsill Capital Partners. Now they partner with well-established operators on larger multifamily deals to help everyday people accelerate their financial freedom and generate legacy-building wealth. Victoria and her husband specifically target investments in Florida, Georgia, South Carolina, and Texas. [00:00:00] - [00:04:00] From Residential Realtor to Multifamily Investor: Victoria's Journey Victoria's background in residential real estate and her transition to multifamily investing The challenges and rewards of managing Airbnb properties compared to long-term rentals The importance of finding the right underwriting model and becoming comfortable with the numbers [00:04:00] - [00:10:00] Mastering the Art of Underwriting: Tips and Techniques The significance of verifying information and not relying solely on offering memorandums Analyzing T12s for patterns, anomalies, and one-time expenses Understanding the legal aspects of billing back utilities to tenants [00:10:00] - [00:18:00] Navigating the Competitive Multifamily Market The importance of explaining your underwriting when presenting offers to sellers Preferred states and markets for investing, considering factors like landlord-friendly laws and demographics Vetting sponsors and asking the right questions when considering passive investing opportunities [00:18:00] - [00:22:00] The Evolution of Multifamily Investing: Adapting to Market Changes The time-consuming nature of residential real estate compared to the flexibility of multifamily investing The process of underwriting deals and the importance of a quick underwriting tool Sellers' growing acceptance of the new market reality and the narrowing spread between realistic and desired prices [00:22:00] - [00:26:00] Mitigating Risk and Making Informed Decisions The preference for agency debt over bridge debt to avoid refinancing pressure and market uncertainties The importance of under-promising and over-delivering when syndicating deals Knowing when to walk away from a deal and having a clear top price during negotiations Quotes: "Properties that are in good markets are still getting, you know, multiple offers. They're calling for highest and best on most of them." - Victoria McGuire "If you're looking at passive investing, you want to vet who you're investing with. So if you're going to invest in a deal as an LP, don't be afraid to ask a lot of questions." - Victoria McGuire Connect with Victoria: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30647028

482. The Price of Success: Lessons from a High-Growth Entrepreneur with Engelo Rumora 04/04/2024

482. The Price of Success: Lessons from a High-Growth Entrepreneur with Engelo Rumora Is the pursuit of rapid business growth and success worth sacrificing personal well-being and relationships? In this insightful episode of Mindset Shorts, guest Engelo Rumora shares his personal experience and lessons learned from building a successful business at a breakneck pace. He candidly discusses the challenges of maintaining a work-life balance and the toll it took on his health and personal relationships. Engeloreflects on what he would do differently if given the chance, emphasizing the importance of slower, more sustainable growth. The episode explores the trade-offs between rapid success and personal fulfillment, offering valuable insights for entrepreneurs and business owners. Engelo Rumora is a prominent real estate executive, investor, and CEO, known for his remarkable achievements in real estate investments, as well as his diverse entrepreneurial ventures spanning various industries. With a global portfolio encompassing countries such as the Bahamas, Croatia, Japan, Australia, and the USA, he has demonstrated a comprehensive understanding of investment strategies. Engelo's expertise extends beyond real estate to include tech, crypto, stocks, and oil funds. He is the driving force behind several successful companies, primarily in the real estate sector, having experienced both setbacks and triumphs. Engelo's enduring commitments are Ohio Cashflow, a leading turnkey property provider, and Oz Realty, a renowned property management firm. his career has seen involvement in over 1,000 real estate transactions, including flips and buy-and-holds. 00:00:00 - 00:02:00 - The Myth of Work-Life Balance - Engelo argues that work-life balance doesn't exist when building a successful business - Building a business requires long hours and sacrifices in personal life and health - Reflecting on his experience, Engeloquestions whethis the sacrifices were worth it 00:02:00 - 00:04:00 - Lessons Learned and Personal Growth - Engel shares how he would approach building his business differently, focusing on slower, more sustainable growth - During a period of reflection and detox, Engelofound better health and financial success - He now prioritizes self-care and a more balanced approach to work 00:04:00 - 00:06:00 - The Impact of Rapid Growth on Company Culture - Engelo discusses the high turnover rate in his company due to the demanding pace - He reflects on how slower growth could have fostered a better company culture and employee retention - The business has become lean and automated, but Engelomisses the human element of supporting employees 00:06:00 - 00:08:00 - Balancing Growth and Longevity - Engelo believes that slower growth would have led to greater longevity and expansion into multiple markets - While He doesn't regret his path, He acknowledges the potential benefits of a different approach - The importance of creating a business that supports not only the entrepreneur but also the employees and their families 00:08:00 - 00:10:00 - Ohio Cashflow: A Niche Real Estate Investment Business - Engelo shares his business model of buying, renovating, and selling distressed properties to passive investors - The company focuses on the Toledo, Ohio market, providing cash flow opportunities for investors - Engelo reflects on his personal journey and the lessons He's learned as an entrepreneur Quotes: "Whoever is saying work-life balance, I'm sorry, but it doesn't exist because if you want to build a large business and a successful business, what balance is there?" - Engelo Rumora "Never been fitter, never been healthier. Look now I'm back in the grind. You know, I'm, I'm, I want to scale my property management company. I'm looking at doing some great things with my, with my Turkey business. And I'm grinding again." - Engelo Rumora Connect with Engelo: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30549348

481. The Power of Mindset: How "Think and Grow Rich" Transformed Vessi Kapoulian's Life 04/01/2024

481. The Power of Mindset: How "Think and Grow Rich" Transformed Vessi Kapoulian's Life Can a classic book from the 1930s still hold the key to achieving success and wealth in today's modern world? In this thought-provoking episode, Suja welcomes back Vessi Kapoulian to discuss the profound impact that the timeless book "Think and Grow Rich" by Napoleon Hill had on her life and mindset. Vessi shares how the book's principles helped her navigate career changes, embrace real estate investing, and cultivate a success-oriented mindset. She delves into the importance of having a burning desire, focusing on long-term goals, and surrounding oneself with positive influences. Throughout the conversation, Vessi reveals practical insights and daily routines that have transformed her life, emphasizing the power of consistency and persistence in the pursuit of one's dreams. Vessi Kapoulian, Founder of Dream Believe Achieve Capital Group, grew up in Bulgaria and dreamed of coming to the US. With a scholarship, she made her dream a reality. After climbing the corporate ladder, Vessi discovered real estate investing. Now, she helps busy professionals create passive income streams through real estate. Vessi controls a portfolio of 319 doors, worth $36MM, in Florida, Tennessee, and Georgia. 00:00:00 - 00:02:00 - Discovering a Life-Changing Book - Vessi shares how a fellow real estate investor recommended "Think and Grow Rich" to her - The book's title intrigued her, and she decided to dive into its content - Reading the book became a turning point in Vessi's life, as she was going through career changes and seeking a better way forward 00:02:00 - 00:04:00 - Unveiling the True Riches Within - "Think and Grow Rich" goes beyond just physical and economic wealth, focusing on spiritual and mental riches - The book emphasizes the power of mindset, cultivating a burning desire, and taking action towards one's goals - Vessi found the book to be motivational and inspirational, prompting her to reflect on her own aspirations and take the next step in her real estate journey 00:04:00 - 00:06:00 - The Importance of Burning Desire and Persistence - Vessi highlights the significance of having a burning desire and clearly defining one's goals and reasons for pursuing them - The book teaches the value of persistence, using the example of a miner who gave up just three feet from gold - Vessi emphasizes the importance of focusing on the process and taking consistent, small steps towards long-term success 00:06:00 - 00:08:00 - Surrounding Yourself with Positivity - "Think and Grow Rich" stresses the importance of surrounding oneself with positive, like-minded individuals - Vessi recognized the need to find new friends who were motivated and interested in real estate to support her growth - The book's insights were derived from interviews with numerous successful people, reinforcing the power of environment in achieving success 00:08:00 - 00:10:00 - Cultivating Daily Routines for Success - Vessi shares her morning routine, which includes physical activity, quiet time, and setting intentions for the day - She emphasizes the importance of focusing on three key tasks each day, with one being a "needle mover" and two being important actions - Gratitude plays a significant role in Vessi's daily practice, reminding her to appreciate the blessings in her life Quotes: "It's not short term results or short term thinking that one is to focus on, but what is the outcome and then focus on the process to get there." - Vessi Kapoulian "As long as you keep that long term outlook in mind and are staying with the process and being consistent, that success is inevitable." - Vessi Kapoulian Connect with Vessi: Website: Digital Book : LinkedIn: You Tube: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30530013

480. Financial Strategies for Age-Gap Relationships with Jay Zigmont 03/28/2024

480. Financial Strategies for Age-Gap Relationships with Jay Zigmont How can couples with significant age differences navigate the complex financial planning conversations to ensure a secure future together? In this insightful episode, Suja welcomes back Jay Zygmunt, PhD, CFP, and CEO of Child Free Wealth, to discuss the unique financial planning challenges faced by couples with significant age differences. As a certified financial planner specializing in helping child-free individuals, Jay shares his expertise on the essential conversations these couples need to have, from long-term care planning to estate management. He emphasizes the importance of seeking professional guidance to facilitate these sensitive discussions and offers practical advice on how to approach the topic of mortality and its impact on financial decision-making. Jay Zigmont, PhD, MBA, CFP® is the Founder and CEO of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. Childfree Wealth is the first life and financial planning firm dedicated to serving Childfree people. [00:00:00] Introduction: Suja welcomes Jay Zygmunt back to discuss financial planning for couples with significant age differences. 25% of adults are child-free, and the financial planning world is primarily built around the idea of having children. Couples with age gaps face unique challenges in financial planning conversations. Jay specializes in helping child-free individuals with their financial planning needs. [00:01:00] Starting with the Uncomfortable Conversation Discussing mortality and the likelihood of one partner outliving the other is a difficult but necessary conversation. The conversation involves long-term care, estate planning, and investment decisions. Couples often avoid this conversation due to its uncomfortable nature. [00:03:00] The Importance of Long-Term Care Planning Women spend an average of 3.7 years in care, while men spend 2.2 years, costing around $115,000 per year. Couples with age differences need to plan for long-term care to protect the surviving partner. Estate planning is crucial, especially for child-free couples, to ensure assets are distributed according to their wishes. [00:05:00] Seeking Professional Guidance Involving a third party, such as a financial planner, can help facilitate sensitive conversations about mortality and financial planning. Professionals can guide couples in discussing priorities, such as caring for aging parents, inheritance, and power of attorney. Lack of proper planning can lead to severe consequences, such as being kicked out of one's own house due to joint ownership with in-laws. [00:07:00] Self-Insuring for Long-Term Care and Conclusion Self-insuring for long-term care requires setting aside approximately $500,000 and ensuring a 5% annual growth rate to keep up with rising costs. Purchasing long-term care insurance in mid-40s can be more cost-effective. These conversations are essential for all couples, regardless of whether they have children, to ensure they make the most of their lives and pass on their desired legacy. Quote: "When it comes to couples with significant age differences, having a plan for the inevitable is crucial. It's not just about the numbers; it's about facing mortality head-on and ensuring that both partners are protected and secure in their future together." - Jay Zygmunt, PhD, CFP "Couples often avoid discussing the uncomfortable reality of one partner outliving the other, but it's a conversation that must be had. Bringing in a third party, like a financial planner, can help facilitate these sensitive discussions." - Jay Zygmunt, PhD, CFP Connect with Jay: Website: Free copy of the book "Portraits of Childfree Wealth": Podcast: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30501898

479. Investing with Purpose: Finding Fulfillment Beyond Material Wealth with Engelo Rumora 03/25/2024

479. Investing with Purpose: Finding Fulfillment Beyond Material Wealth with Engelo Rumora In this captivating episode, Suja interviews Engelo Rumora, a former professional soccer player turned real estate investor who has built a successful business in Toledo, Ohio. Despite quitting school at the age of 14, Engelo's passion, hard work, and determination have led him to flip over a thousand properties and establish a thriving property management company. He shares his journey, the challenges he faced, and the lessons he learned along the way. Engelo also discusses his investment philosophy, the importance of sticking to what you know, and the value of creating a business that serves a greater purpose than just personal gain. Engelo Rumora is a prominent real estate executive, investor, and CEO, known for his remarkable achievements in real estate investments, as well as his diverse entrepreneurial ventures spanning various industries. With a global portfolio encompassing countries such as the Bahamas, Croatia, Japan, Australia, and the USA, he has demonstrated a comprehensive understanding of investment strategies. Engelo's expertise extends beyond real estate to include tech, crypto, stocks, and oil funds. He is the driving force behind several successful companies, primarily in the real estate sector, having experienced both setbacks and triumphs. Engelo's enduring commitments are Ohio Cashflow, a leading turnkey property provider, and Oz Realty, a renowned property management firm. His career has seen involvement in over 1,000 real estate transactions, including flips and buy-and-holds. [00:00:00] - [00:04:00] From Soccer Pitch to Real Estate Riches - Engelo's journey from quitting school at 14 to become a professional soccer player - The decision to leave soccer and start a new career in real estate - Building a portfolio in Australia and the challenges faced [00:04:00] - [00:09:00] Discovering the Toledo, Ohio Market - Why Engelo chose to invest in Toledo, Ohio - The benefits of investing in a tertiary, niche market - Explaining the business model of flipping and property management [00:09:00] - [00:14:00] Mastering the Art of Property Management - The initial struggles and mistakes made in property management - Streamlining processes and incorporating technology to improve efficiency - The importance of having in-house property management for a successful turnkey business [00:14:00] - [00:19:00] Investing Beyond Real Estate - Engelo's experiences investing in various markets worldwide - The advantages of investing in the U.S. compared to other countries - Diversifying investments while maintaining a focus on core competencies [00:19:00] - [00:25:00] The Purpose Behind the Grind - Engelo's semi-retirement at 28 and the realization that material possessions don't bring happiness - Doing business for the benefit of family and loved ones - The importance of having a purpose greater than oneself to stay motivated Quotes: "Food and shelter are the two most important things to humanity. So for as long as Elon Musk doesn't send us to Mars, people are always going to need a roof over their head." - Engelo Rumora "If you do things for you, you will eventually let yourself down because you aren't enough to continue the grind. But if you do things for someone else that's blood related or a bigger purpose than yourself, you won't give up." - Engelo Rumora Connect with Engelo: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30467313

478. From The Iron Curtain to Financial Freedom with Vessi Kapoulian 03/21/2024

478. From The Iron Curtain to Financial Freedom with Vessi Kapoulian How can investing in multifamily real estate help you take control of your financial destiny and create a path to true freedom? In this episode, Suja sits down with Vessi Kapoulian, the founder of Dream Believe Achieve Capital Group, to discuss her inspiring journey from growing up behind the Iron Curtain in Bulgaria to becoming a successful multifamily real estate investor in the United States. Vessi shares her experience of climbing the corporate ladder in commercial lending, only to realize that she was trading more time for money and not truly in control of her own destiny. This realization led her to explore real estate investing as a means to create passive income streams and achieve financial independence. Throughout the conversation, Vessi provides valuable insights into the benefits of multifamily investing, the importance of vetting sponsors, and the current opportunities in the market. Vessi Kapoulian, Founder of Dream Believe Achieve Capital Group, grew up in Bulgaria and dreamed of coming to the US. With a scholarship, she made her dream a reality. After climbing the corporate ladder, Vessi discovered real estate investing. Now, she helps busy professionals create passive income streams through real estate. Vessi controls a portfolio of 319 doors, worth $36MM, in Florida, Tennessee, and Georgia. [00:00:00 - 00:04:00] From Bulgaria to the U.S.: Vessi's Journey to Real Estate Investing - Vessi grew up behind the Iron Curtain in Bulgaria, where hard assets like real estate were the primary means of investment - She took the traditional path of climbing the corporate ladder in commercial lending, but realized she was trading time for money - Vessi's experience with corporate restructures and the 2008-2009 financial crisis led her to explore real estate investing as a way to control her own destiny [00:04:00 - 00:09:00] Transitioning from Single-Family to Multifamily Investing - Vessi started with a single-family home investment and eventually scaled up to a duplex - Her background in commercial lending, particularly in the multifamily sector, influenced her decision to focus on multifamily investments - Multifamily investing was a natural progression for Vessi, as it allowed her to apply her existing knowledge and skills [00:09:00 - 00:13:00] Navigating the Challenges of Rising Interest Rates - Vessi emphasizes the importance of using fixed-rate debt or interest rate caps to mitigate the risk of rising interest rates - She acknowledges the difficulty of foreseeing the rapid rise in interest rates during 2020-2021 - Conservative lending practices, such as maintaining lower leverage and raising more for reserves, can help investors weather market fluctuations [00:13:00 - 00:18:00] The Benefits of Passive Real Estate Investing - Vessi helps clients diversify their portfolios beyond stocks and bonds by investing in real estate syndications - Passive real estate investing can create additional income streams, providing optionality and financial freedom - Real estate offers tax efficiencies, such as bonus depreciation, which can offset capital gains and reduce effective tax rates [00:18:00 - 00:25:00] Vetting Sponsors and the Future of Multifamily Investing - Vessi emphasizes the importance of thoroughly vetting sponsors, focusing on aligned values, track records, communication processes, and operational expertise - She remains optimistic about the long-term prospects of multifamily investing, citing demographic trends, limited supply of single-family homes, and the gap between owning and renting - Vessi believes that 2024 and 2025 may present opportunities to acquire assets at more reasonable prices, setting the stage for future growth Quotes: Sure, here are a couple of more powerful and insightful quotes from the transcript: "I couldn't be trading more time for money, getting all these corporate titles that at the end of the day mean nothing because when I look back one day, people are not gonna, at least for me, I don't think I would be thinking, 'Wow, I was the MVP at such and such bank,' but it's more about what is the impact do you have?" -Vessi Kapoulian "I'm still very optimistic about multifamily in the long run. Yes, 2024 and frankly even 2025 will be challenging years because I for a number of reasons. But I also think that would be a great time to acquire assets on a more reasonable basis." - Vessi Kapoulian Connect with Vessi: Website: Digital Book : LinkedIn: You Tube: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30419423

477. Rethinking Financial Planning for the Child-Free Investor with Jay Zigmont 03/18/2024

477. Rethinking Financial Planning for the Child-Free Investor with Jay Zigmont What if the traditional financial planning advice you've been following doesn't align with your child-free lifestyle and goals? In this eye-opening episode, Suja Shyam sits down with Jay Zigmont, a certified financial planner, MBA, PhD, and founder of Child Free Wealth. Jay sheds light on the often-overlooked financial planning needs of the child-free community, which makes up a significant 20-25% of the U.S. population. He challenges conventional wisdom and offers fresh perspectives on how child-free individuals can optimize their wealth-building strategies, enjoy their lives to the fullest, and plan for a future that doesn't revolve around leaving a large inheritance. Jay Zigmont, PhD, MBA, CFP® is the Founder and CEO of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. Childfree Wealth is the first life and financial planning firm dedicated to serving Childfree people. [00:00:00] - [00:03:14] Uncovering the Untapped Potential of Child-Free Financial Planning Jay's personal experience as a child-free individual and the lack of representation in financial education The significant percentage of the U.S. population that is child-free and underserved The importance of addressing the unique financial needs of child-free people [00:03:15] - [00:09:00] Redefining Purpose and Meaning in a Child-Free Life Exploring the concept of "impact" and leaving a non-genetic legacy The child-free midlife crisis: navigating personal, professional, and financial goals Embracing the freedom to pursue passions and make unconventional life choices [00:09:01] - [00:13:49] Optimizing Wealth-Building Strategies for the Child-Free Challenging the assumption that real estate investing is always the best option The flexibility and simplicity of investing in stocks, bonds, and equities The importance of understanding investments and aligning them with personal goals [00:13:50] - [00:18:25] Mastering the Art of Spending and Dying with Zero The concept of "dying with zero" and its implications for financial planning Strategies for determining the optimal amount to spend and give during one's lifetime Overcoming the psychological hurdles of spending money and enjoying life [00:18:26] - [00:27:22] Embracing the FILE (Financial Independence, Live Early) Mindset The limitations of the FIRE (Financial Independence, Retire Early) movement for child-free individuals The FILE approach: finding the right balance between work and leisure throughout life Adapting financial planning strategies to accommodate a FILE lifestyle "Everything is either pre-kids, post-kids. And when I say child-free, I mean people who don't have kids and aren't planning on having them ever in their life." - Jay Zigmont "We spend more time with our clients about spending money than saving money." - Jay Zigmont Connect with Jay: Website: Free copy of the book "Portraits of Childfree Wealth": Podcast: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30357253

476. The Power of Three: Transforming Your Life with a Holistic Mindset Approach with Nic DeAngelo 03/14/2024

476. The Power of Three: Transforming Your Life with a Holistic Mindset Approach with Nic DeAngelo Can breaking down your life into the categories of health, wealth, and legacy truly simplify your path to success and fulfillment? Find out how our guest today applies this framework to make remarkable progress in life. In this riveting episode of "Mindset Shorts," we delve deep into the psyche of success with the return of Nick D'Angelo from Saint Investments. Diving into the crux of mindset's pivotal role across life's various domains, Nick shares his profound insights into categorizing life's pursuits into health, wealth, and legacy. This episode not only enlightens listeners on maintaining balance but also embarks on a journey through intentional living, the significance of familial bonds, and the essence of leaving a lasting impact. Join us as we explore the intricate interplay of these elements and their compounding effect on achieving personal and financial goals. Nic DeAngelo, dubbed the "Fixed Income GOAT" in real estate, manages a $206M+ portfolio, blending economic insight with real estate expertise for captivating podcast discussions. With a steadfast belief in real estate as the antidote to Wall Street's flaws, he leads Saint Investment Group, acquiring institutional-grade assets nationwide. His strategy-driven approach spans 20+ states and 24 projects, aiming to raise $100M+ yearly. Praised by top podcasters for their data-driven insights and knack for simplifying complex theories, DeAngelo's contributions make every podcast appearance memorable, offering dense, entertaining content that invites listeners to explore the depths of economic foresight and real estate investment. [00:00:00 - 00:02:00] Unveiling the Framework: Health, Wealth, and Legacy Simplification of life goals enhances focus and productivity. Health encompasses physical, emotional, and relational well-being. The importance of daily exercise and spiritual practices. [00:02:00 - 00:04:00] Deep Dive into Wealth Building The necessity of diversified income streams for financial stability. Passive income as a cornerstone for wealth accumulation. Long-term investments for appreciating net worth. [00:04:00 - 00:06:00] Crafting a Legacy Through Generational Excellence Legacy involves both material wealth and imparting values. The importance of surpassing generational achievements. Philanthropy as a component of leaving a positive mark. [00:06:00 - 00:08:00] The Symbiosis of Wealth and Legacy Financial education is critical for sustaining wealth across generations. Instilling a robust mindset in successors is as crucial as bequeathing wealth. The shared responsibility in elevating family success. [00:08:00 - 00:09:29] A Day in the Life: Living by the Framework The significance of morning routines in setting the day's tone. Balancing work and family life for overall well-being. Evening reflections and positivity for personal growth and family bonding. 5 Key Quotes with Guest's Name: "The most beneficial view of things in my life is to categorize everything in one of three categories: It's health, it's wealth, and it's legacy, period." - Nick D'Angelo "Giving your children not just financial legacy, which I do believe is important, but also giving them the best things that you've learned in your entire life." - Nick D'Angelo Connect with Nick D’Angelo: Links: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30321223

475. The Critical Role of Visioning To Investing Success with Scott Jelinek 03/11/2024

475. The Critical Role of Visioning To Investing Success with Scott Jelinek Can visualizing your perfect day transform your reality, and if so, what's the science behind making your dreams tangible through visioning exercises? In this enlightening episode, we delve into the transformative power of mindset and visioning exercises with Scott Jelinek, an advocate for building passive income through what he dubs the 'Slow Flip' method. Scott shares his journey, emphasizing the critical role of a positive mindset in overcoming life's hurdles and achieving substantial progress towards financial and personal goals. The discussion covers the impact of daily affirmations, the importance of envisioning a perfect day for future success, and practical steps towards making those visions a reality. Listeners will leave equipped with actionable insights to harness their mindset for personal growth and financial freedom. Scott Jelinek is a successful entrepreneur and real estate investor with over 30 years of experience in the industry. His passion for entrepreneurship started at a young age, and he started his first business venture at just fifteen years old. After serving in the army, he turned to real estate and has since completed over 800 deals, establishing himself as a leader in the field. [00:00:00 - 00:01:00] The Power of Mindset: The critical role of mindset in achieving goals. The importance of positive self-talk. Introduction to Scott Jelinek and the 'Slow Flip' method. [00:01:00 - 00:02:00] Visioning Success: The transformative effect of writing down future visions. How Scott's visions became his reality. The impact of visioning exercises on personal and professional growth. [00:02:00 - 00:03:00] Crafting Your Perfect Day: The structure of a visioning exercise. The significance of detailing your ideal life and business. How realistic financial goals are closer than most think. [00:03:00 - 00:06:00] Setting Achievable Goals: The importance of putting a number to your dreams. How defining specifics can lead to achievable plans. Overcoming the 'more money' mindset with clear, actionable goals. [00:06:00 - 00:09:00] The Path to True Freedom: Distinguishing between material desires and the quest for freedom. How Scott guides people from achieving freedom to contributing and growing. The role of visioning in filtering opportunities. Quotes: "There is nothing more important than mindset." - Scott Jelinek "You're either moving toward your vision or moving away from it." - Scott Jelinek Connect with Scott: Book’s Website: Website: LinkedIn: Instagram: Facebook: YouTube: TikTok: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30270598

474. Investing Through Adversity: A Blueprint for Real Estate Success with Marv McGuire 03/07/2024

474. Investing Through Adversity: A Blueprint for Real Estate Success with Marv McGuire How can facing life's gravest challenges with a positive mindset not only help us survive but also thrive and transform adversity into an unparalleled strength? Dive deep into the extraordinary life of Marv McGuire, a three-time brain cancer survivor, Navy veteran, and a beacon of resilience and positivity. Marv shares his riveting journey from diagnosis to recovery, detailing how his mindset, supported by humor, faith, and a strong support system, played a pivotal role in navigating through his health battles. His story is not just about surviving; it's about thriving amidst adversity, cherishing every moment, and the profound impact of staying positive on our physical and mental health. Marv McGuire (Commander, U.S. Navy, ret.) retired after 25 years of service in 2013 and worked as a Senior Director of Business Development for multiple federal defense contractors until 2023. Immediately before entering the commercial real estate market, Mr. McGuire worked for IBM where he was responsible for the complete lifecycle of customer engagement, sales, and support to corporate strategic pursuits in the Army, Navy, Air Force and Special Operations Forces. Like many military veterans, Marv and his wife, Victoria, moved multiple times over this period and bought, invested and occasionally became “unexpected landlords” for a variety of reasons; the lessons learned while managing these assets accelerated their interest in and transition to commercial real estate. [00:00:00 - 00:03:00] The Power of Positivity: Marv discusses his initial diagnosis and the critical role of maintaining a positive outlook during his treatment journey. Facing fear with a positive mindset can significantly alter your journey. The importance of humor and light-heartedness in coping with illness. Support from loved ones is invaluable in the healing process. [00:03:00 - 00:06:00] A Family's Fortitude: The impact of Marv's cancer battle on his family dynamics and how they navigated the challenges together. Shielding loved ones from pain while also drawing strength from them. The crucial role of a supportive partner in overcoming life's hurdles. Relying on a network of friends and family for emotional support. [00:06:00 - 00:09:00] Confronting Fear Head-On: Marv elaborates on his unique approach to confronting fears, including humor and faith. Leveraging humor as a coping mechanism to lighten the mood and face fears. The role of faith and spirituality in providing comfort and strength. The importance of transparency and communication with loved ones. [00:09:00 - 00:12:00] Living Presently, Building for the Future: Balancing the act of living in the moment with planning for the future, particularly in uncertain times. The delicate balance between enjoying the present and preparing for the future. How adversity can lead to a more present and fulfilling life. Building generational wealth while enjoying life's journey. [00:12:00 - 00:15:00] Gratitude and Growth: Marv reflects on how his experiences have led to personal growth and the importance of gratitude. Trials and challenges can foster personal development and resilience. The transformative power of maintaining a gratitude journal. How gratitude can shift your perspective and open up possibilities. Quotes: "You're just as sick as you think you are, and you're just as stuck as you think you are." - Marv McGuire "What doesn't kill you makes you better... if you survive a challenge, it doesn't just destroy you. We control how we perceive them and react to them." - Marv McGuire Connect with Marv: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30194098

473. Beyond Success: Extracting Wisdom from Entrepreneurs' Journeys with Andrew Hinton 03/04/2024

473. Beyond Success: Extracting Wisdom from Entrepreneurs' Journeys with Andrew Hinton What can the tumultuous journeys of the world's most successful entrepreneurs teach us about resilience, innovation, and the power of a big vision in business? In this episode of Mindset Shorts, we're thrilled to welcome back Andrew Hinton, a seasoned investor and a voracious reader of entrepreneurial biographies. Andrew shares how the stories of entrepreneurs have not only inspired him but also offered valuable lessons on perseverance, business principles, and the importance of thinking big. From Ray Dalio's principles to the relentless pursuit of vision by Elon Musk, this episode dives into the core of what makes entrepreneurs tick and how their journeys can inspire your own path to success. Andrew is head of acquisitions, development, sales & marketing for GL Capital. In these roles, Andrew leads in the sourcing of new projects and due diligence process; oversees asset redevelopment, construction, and renovations; also he manages the sales and marketing process to raise capital for acquisitions and dispose of assets for big payouts to investors. [00:00:00 - 00:02:00] The Allure of Entrepreneurial Biographies The motivational power of reading about entrepreneurs' lows and highs. Learning from the principles that guided their decisions. The impact of their stories on personal and professional growth. [00:02:00 - 00:03:00] Principles of Success from Ray Dalio The blend of biography and actionable principles in Dalio's work. Application of Dalio's wisdom in everyday settings. Building a mindset for internal company growth and external sharing. [00:03:00 - 00:04:00] Steve Schwarzman's Unified Approach Schwarzman's investment philosophy and its simplicity. The significance of having a consistent model across all fronts. Learning from Schwarzman's resilience pre-2008 financial crisis. [00:04:00 - 00:05:00 Phil Knight's Near Bankruptcy to Nike's Empire] The edge-of-failure experiences of Nike's founder. The role of perseverance and vision in overcoming obstacles. Knight's ability to transform potential bankruptcy into a global brand. [00:05:00 - 00:06:00] Elon Musk's Vision for the Future Musk's controversial yet inspiring journey. The importance of dreaming big and tackling the impossible. How Musk's vision for SpaceX and Tesla defies conventional limits. Quotes: "The journey of an entrepreneur is marked not by the peaks reached, but by the depth of their valleys and the courage to climb out." - Andrew Hinton Connect with Andrew: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30165888

472. The Flip Side: Transitioning from House Flipping to Sustainable Investments with Jon Potts 02/29/2024

472. The Flip Side: Transitioning from House Flipping to Sustainable Investments with Jon Potts What if the path to building an empire in real estate could start from the ground up, fueled by passion, resilience, and a leap into the unknown? How do John Potts' journey and mindset illuminate this adventurous route? In this episode, we dive into the inspiring journey of John Potts, a young entrepreneur who transitioned from a conventional 9-to-5 job to creating a burgeoning real estate empire in Pittsburgh. With candid reflections on the highs and lows of flipping houses, venturing into multifamily properties, and embracing a mindset of positivity and perseverance, John's story is a testament to the transformative power of dedication and strategic risk-taking in the real estate world. Jon Potts, embarked on his real estate journey five years ago, igniting a passion that would shape his career. Partnering with his wife, he dove into the industry with a bold vision – to revitalize homes and communities through house flipping. (00:00:00 - 00:04:00) The Leap of Faith Transitioning from a stable job to real estate investing requires courage and a strong vision. The importance of research and education before diving into property flipping. Real estate investing is not just about profits; it's about building a legacy and learning from each experience. (00:04:01 - 00:08:00) Building from Scratch The significance of persistence and adapting strategies in the face of challenges. Leveraging personal skills and partnerships to navigate the real estate market. The shift from single-family homes to multifamily units as a strategy for generating consistent income. (00:08:01 - 00:12:00) Embracing Multifamily Investments Multifamily properties offer a pathway to more stable, passive income. Networking and education are crucial for finding opportunities and partners. The complexity and rewards of dealing with multifamily units and low-income housing projects. (00:12:01 - 00:16:00) Mindset for Success The power of a positive mindset and gratitude in overcoming challenges. Personal development and self-education are foundational to success in entrepreneurship. The importance of viewing challenges as opportunities for growth. Planning for the Future (00:16:01 - 00:20:00) Strategic planning and patience are essential for long-term success in real estate. The role of passive income in securing financial freedom. Building a legacy for future generations through smart investments and a balanced life. Quotes: "You really have to think positive and think that you can do something when everyone else around you is kind of saying that you can't." - John Potts "I'm just working for my future and for my kid and future kids that I may have." - John Potts Connect with Jon: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30112818

471. Navigating Inflation and Interest Rates: Investment Strategies Unlocked with Nic DeAngelo 02/26/2024

471. Navigating Inflation and Interest Rates: Investment Strategies Unlocked with Nic DeAngelo How can investors navigate the evolving landscape of real estate investments and macroeconomic changes to secure robust, inflation-resistant returns? In this insightful episode, we dive deep with Nic D'Angelo of SAIT Investment into the intricate world of wealth management, alternative assets, and the macroeconomic trends shaping investment strategies today. Nic shares his journey from real estate acquisitions during the financial crisis to founding SAIT Investment, emphasizing alternative investments and a keen analysis of macroeconomic indicators. We explore the challenges and opportunities in real estate, the impact of Federal Reserve policies, and innovative approaches to achieving fixed returns amidst market volatility. Join us for a comprehensive discussion on staying ahead in the dynamic landscape of investing. Nic DeAngelo, dubbed the "Fixed Income GOAT" in real estate, manages a $206M+ portfolio, blending economic insight with real estate expertise for captivating podcast discussions. With a steadfast belief in real estate as the antidote to Wall Street's flaws, he leads Saint Investment Group, acquiring institutional-grade assets nationwide. His strategy-driven approach spans 20+ states and 24 projects, aiming to raise $100M+ yearly. Praised by top podcasters for their data-driven insights and knack for simplifying complex theories, DeAngelo's contributions make every podcast appearance memorable, offering dense, entertaining content that invites listeners to explore the depths of economic foresight and real estate investment. [00:00:00-00:10:00] "Building the Foundation: From Real Estate Acquisitions to Wealth Management" Nic's journey from real estate acquisitions to founding SAIT Investment. The strategic shift towards alternative assets and wealth management. The importance of understanding macroeconomic trends for investment success. [00:10:00-00:20:00] "The Art of Alternative Investing: Navigating Market Volatility" Insights into the development of the Saint Income Fund. Strategies for achieving fixed returns in uncertain markets. The role of real estate assets in providing stable investment options. [00:20:00-00:30:00] "Decoding the Fed: Interest Rates and Economic Forecasts" Analysis of Federal Reserve policies and their impact on investments. Predictions for interest rates and inflation. The significance of demographic trends on economic health. [00:30:00-00:37:00] "Investment Strategies for an Inflationary World" The viability of real estate investments in combating inflation. Fixed income strategies as a hedge against economic uncertainty. The future of industrial real estate investments. [00:37:00-00:39:00] "Global Dynamics: Understanding the US-China Economic Relationship" The interconnectedness of the US and Chinese economies. Implications of demographic policies on global manufacturing. Strategies for investors in light of shifting global economic powers. Quotes: "We're seeing the biggest shift in real estate investment strategies post-COVID." - Nic D'Angelo "Inflation is not transitory; it's a fundamental shift we must adapt to." - Nic D'Angelo Connect with Nic: Links: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30050703

470. The Art of Slow Flips: Building Wealth One Property at a Time with Scott Jelinek 02/22/2024

470. The Art of Slow Flips: Building Wealth One Property at a Time with Scott Jelinek Can the slow flip strategy really transform your real estate investments into a stable, passive income stream in just five years? In this riveting episode, Scott Jelinek unveils the secrets behind his innovative "slow flip" strategy, a method that has revolutionized the way investors approach real estate. With over 30 years in the game and more than 800 deals under his belt, Scott shares his journey from accidental landlord to real estate mogul, emphasizing the power of patience and strategic investment to achieve financial freedom. Listeners will dive deep into the nuances of buying properties with the intent of owner financing them, a model that promises not only to mitigate the hassles of traditional landlording but also to secure a future of passive income. Scott Jelinek is a successful entrepreneur and real estate investor with over 30 years of experience in the industry. His passion for entrepreneurship started at a young age, and he started his first business venture at just fifteen years old. After serving in the army, he turned to real estate and has since completed over 800 deals, establishing himself as a leader in the field. [00:00:00 - 00:05:00] Introduction to Slow Flips: Scott's journey into real estate and the birth of the slow flip strategy. The accidental start in real estate investing. Evolution of the slow flip strategy. The significance of starting young and learning from experiences. [00:05:00 - 00:10:00] Navigating the 2008 Financial Crisis: How the crisis shaped Scott's investment philosophy. The impact of the financial crisis on Scott's portfolio. The shift towards owning properties free and clear. Learning from the older generation of investors. [00:10:00 - 00:15:00] The Mechanics of Slow Flips: Detailed breakdown of buying, selling, and financing methods. Utilizing private money for purchasing properties. The benefits of selling with owner financing. Creating cash flow without traditional landlord responsibilities. [00:15:00 - 00:20:00] Scaling the Slow Flip Business: Expanding the portfolio and managing multiple properties. Strategies for scaling and managing a large portfolio. The importance of software in managing payments. Navigating the challenges of default and eviction. [00:20:00 - 00:25:00] Teaching and Coaching: Sharing the slow flip strategy with others. The potential for starting with little to no money. The philosophy of delayed gratification in real estate investing. How Scott's approach to teaching emphasizes understanding and alignment with the slow flip model. Quotes: "The biggest barrier people have with slow flips is needing to make money right now." - Scott Jelinek "You don't deserve to make a dollar off your house until they're free and clear." - Scott Jelinek Connect with Scott: Book’s Website: Website: LinkedIn: Instagram: Facebook: YouTube: TikTok: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/30015708

469. The Multifamily Pivot: Building a Real Estate Empire After the Military with Marv McGuire 02/19/2024

469. The Multifamily Pivot: Building a Real Estate Empire After the Military with Marv McGuire Can transitioning from single-family to multifamily real estate investments truly amplify your wealth and change the game for your portfolio? Discover how one Navy commander turned real estate investor did just that. In this enlightening episode, we dive into the remarkable journey of Marv McGuire, a retired Navy commander who transformed his real estate investment strategy from single-family homes to a burgeoning multifamily portfolio. With a candid recount of the challenges faced as a long-distance landlord and the strategic shift towards multifamily investments, Marv shares invaluable insights into building generational wealth, the importance of mentorship, and the dynamics of the current real estate market. This episode is a treasure trove for both seasoned investors and those just starting their journey in real estate. Marv McGuire (Commander, U.S. Navy, ret.) retired after 25 years of service in 2013 and worked as a Senior Director of Business Development for multiple federal defense contractors until 2023. Immediately before entering the commercial real estate market, Mr. McGuire worked for IBM where he was responsible for the complete lifecycle of customer engagement, sales, and support to corporate strategic pursuits in the Army, Navy, Air Force and Special Operations Forces. Like many military veterans, Marv and his wife, Victoria, moved multiple times over this period and bought, invested and occasionally became “unexpected landlords” for a variety of reasons; the lessons learned while managing these assets accelerated their interest in and transition to commercial real estate. [00:00:00 - 00:05:00] From Navy Commander to Real Estate Mogul The transition from a military career to real estate investing. Challenges of managing single-family homes as long-distance rentals. The strategic decision to pivot to multifamily investments. [00:05:00 - 00:10:00] The Leap into Multifamily Investments The advantages of multifamily properties over single-family homes. The role of mentorship and education in transitioning to multifamily investing. Building a network and finding the right mentorship program. [00:10:00 - 00:15:00] Achieving Scale and Efficiency The importance of complementary skill sets in a partnership. The first successes in multifamily investments and the growth of portfolio. Overcoming the challenges of being unknown in the industry. [00:15:00 - 00:20:00] Navigating the Multifamily Market Identifying and assessing potential deals in a fluctuating market. The critical role of understanding market assessments and deal underwriting. Strategies for vetting operators and investment opportunities. [00:20:00 - 00:24:00] Looking Ahead: Opportunities and Challenges Anticipating trends in the multifamily market for 2024. The potential impact of interest rates and market softening on investments. The strategy behind choosing distressed assets and conservative underwriting. Quotes: "One or two bad decisions from your tenants can really cost you thousands." - Marv McGuire "We don't particularly target distressed deals, but when we see one that's just an exceptionally good deal, we'll take a look." - Marv McGuire Connect with Marv: Website: WANT TO LEARN MORE? Connect with me through . Or send me an email at [email protected] Visit my website, , or my YouTube channel. Thanks for tuning in! If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! /episode/index/show/piupod/id/29934873

Passive Income Unlocked

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