Break Your Golden Handcuffs

Imagine unlocking the secrets to wealth that the affluent have been exploiting for generations. This episode unravels such mysteries with none other than the brilliant Stephanie Walter, CEO of Erbe Wealth. Pulling from her vast experience as an insurance agent and author, Stephanie guides us on a journey of breaking down 'money myths' and introducing us to the strategies that the wealthy use to maximize their wealth. She addresses a common misconception about high risk investments and high returns and provides an insider's view of how affluent individuals prioritize low-risk investments and asymmetric returns.
Have you ever wondered why a 50% gain after a 50% loss doesn't get us back to where we started? Stephanie dissects this paradox for us, leaving no room for doubt. She shares the wealthy mindset of accumulation versus utilization, stressing the importance of making money work for you, not the other way around. She dismantles the myth that the wealthy take high risks for high returns, and throws light on how they focus on generating cash flow. The conversation takes a compelling turn as we discuss 401Ks, the associated fees, and the potential benefits of a self-directed IRA.
As we navigate the complex intersection of wealth building and insurance strategies, Stephanie shares how insurance can be leveraged to create tax-free income. Drawing from her experiences in the insurance and real estate industries, she shares valuable insights that she wishes she had ten years ago. Stephanie's philosophy 'knowledge is power when applied' resonates throughout the episode, serving as a reminder of the power each of us holds when it comes to managing our own wealth. Tune in for a fascinating exploration of wealth creation and financial freedom.

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Unlock the secrets of cost segregation in real estate as we converse with acclaimed expert and seasoned investor, Yonah Weiss. Imagine the potential of reducing your income tax to almost zero, all while increasing your cash flow. It may sound too good to be true, but Yonah gives us the inside scoop on how this advanced form of depreciation works. By dissecting a property into its individual components and front-loading deductions, cost segregation has the power to revolutionize your investment strategy. We unpack this complex topic, using the everyday analogy of buckets to explain the different categories of depreciation.
Our esteemed guest, a former educator who embraced the world of real estate, takes us on his transformative journey, shedding light on the concept of 'golden handcuffs'. You'll discover how he harnessed the power of social media not just for self-promotion, but to build a thriving community. We delve into his 'go-giver' mentality and how connecting people can bring its own rewards. This episode isn't just about understanding cost segregation; it's about embracing the art of building relationships, contributing to the community, and taking control of one's financial path. Yonah's story serves as a potent reminder that even in a field as numbers-focused as real estate, it's the human element that truly makes a difference.

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Are you tired of the corporate grind and dream of financial freedom? Buckle up as we take you on an unforgettable journey with our special guest, Jeff Brown, founder of IntelliHOST. Prepare to be captivated by Jeff's inspiring transition from corporate chains to the exhilaration of entrepreneurship. Listen to Jeff’s enthralling stories about themed rentals in Orlando, his escape from corporate shackles, and his path to financial independence.
Ever wondered how the big boys make it big in real estate investing? That’s exactly what we’ll be discovering today with Jeff. He spills the beans on how he smartly used his first payout to invest in a vacation rental which eventually gave birth to Loma Homes. Hear Jeff's reflections on the importance of having control over your time, even if it means burning the midnight oil. You’ll gain a deeper understanding of the trade-offs between time and money, the joys and trials of entrepreneurship, and the sheer importance of following your passions.
Finally, we delve into the nitty-gritty of building a passive revenue stream in real estate investing. Jeff shares his invaluable insights about buying an Airbnb property in Joshua Tree, California. Learn about the golden rule of the 20% and the importance of finding markets with affordable upfront costs. Get acquainted with IntelliHose, a performance measuring tool for Airbnb, and hear Jeff's thoughts on testing and failing quickly. By the end of this episode, you'll be well equipped to embark on your own journey of real estate investing and building a successful passive income.

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Dive into the inspiring journey of Colm McEvilly, a seasoned real estate sponsor and developer with a unique background in mechanical building systems and real estate finance. From his early years working alongside his father in the mechanical plumbing business, Colm's trajectory in real estate development was set. Join us in this compelling episode as we unravel the story of a resilient individual who, despite being born with congenital heart defects, has not only overcome numerous open heart surgeries but also found a profound purpose in giving back to the medical community.
Colm's educational journey at California Polytechnic State University laid the foundation for his engineering expertise. After a successful career as a mechanical engineer specializing in HVAC systems, Colm transitioned into real estate, eventually building a portfolio of single-family rentals. However, his life took a dramatic turn at the age of 30 when he faced a heart valve failure. Following a successful TAVR procedure and recovery, Colm's perspective shifted, leading him to exit the corporate world and join a dynamic syndication team.
In this episode, explore the transformative moments that shaped Colm's outlook on life and work. Discover how his personal experiences with health challenges fueled his commitment to becoming a go-to resource for life-saving medical professionals in the real estate arena. Colm's dedication to conservative underwriting, non-intrusive marketing, and treating others' capital with utmost value will be unveiled as he played a pivotal role in helping raise $160M collectively from retail investors.
Join us for an illuminating conversation with Colm McEvilly, as we delve into the heart of his journey—from childhood endeavors in plumbing to a thriving career in real estate. Experience the resilience, passion, and purpose that define Colm's narrative and gain valuable insights into the principles that guide his success in the ever-evolving landscape of real estate development.
Show Highlights:
✅ Colm's experience in the corporate world
✅ Successful investor decision-making process
✅ Good decision-making criteria
✅ Decade-old wisdom wish
✅ Worst advice ever received
✅ Life's guiding axiom
✅ Reach out to Colm
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Web: https://vikingcapllc.com/about-us/
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Unlock the secrets to financial liberation with Evie Brooks, the real estate wizard behind MyPanama Vacation Realty, as she reveals her journey from corporate shackles to the freedom of property investment. Tune in to hear how Evie's quest for independence propelled her into a career that's not only financially fruitful but also rich with mentorship and personal growth. Her narrative is a beacon for anyone yearning to dictate their own success and make their mark in the real estate realm.
Embark on an adventure into the heart of Panama with this episode as Evie Brooks sketches the vibrant life awaiting expats and international investors. We cover everything from the unpredictability of the property market to the strategic selection of clients for syndication. Evie's insights into the cultural tapestry of Panama and the opportunities for Americans seeking refuge from domestic woes are a treasure trove for those contemplating a leap into expat living or overseas property ventures.
Rounding out our enlightening discussion, we shine a spotlight on the impactful world of social housing investments in Panama, where doing good aligns with promising returns. Evie demystifies using self-directed IRAs for international investments and shares expert tips on value buying and the magic of leveraging other people's money. For listeners intrigued by Panama's potential, Evie extends an invitation to connect, offering personalized strategies to achieve your investment goals.

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