Money

645: The Leverage Equation: Entrepreneurial Time Management, Productivity, and Communication with Financial Mentor Todd Tresidder

June 10, 2019

Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35. He grew his net worth from less than zero at 23 to the point of financial independence just 12 years later.

Todd has maintained his wealth by remaining an active investor and utilizing statistical and mathematical risk management systems for investing. Through his website at FinancialMentor.com, he teaches advanced investing and advanced retirement planning principles. Take the next step beyond conventional financial advice and discover what works, what doesn’t, and why, based on years of proven experience.

Quotes

“There's going to be a wave in the future where people realize the price of being constantly plugged in, both in terms of happiness and in terms of the deep productivity that actually moves your business and life forward.” - Todd Tresidder

“The way you succeed is by matching the characteristics of the asset class to the unique characteristics of your life, your time frame, your goals, the skills you bring, and the resources you bring. All those things make you unique.” - Todd Tresidder

“You've got to have a clear plan, then execute it with persistence and consistency, and you'll produce results.” - Todd Tresidder

Takeaways

04:02 Limit digital distractions by keeping smartphone apps minimal and purposeful.

16:36 Wealth building requires understanding multiple asset classes beyond traditional financial planning.

19:37 Matching personal skills and goals to specific investment strategies creates more effective wealth-building approaches.

23:42 Breaking through business obstacles involves identifying specific resource limitations and finding creative solutions.

28:37 Successful entrepreneurs focus on critical tasks that directly impact business growth.

Resources

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613: Jumpstart Your Retirement Income and Plan For Financial Freedom with Bill Corley

November 9, 2018

Bill Corley is a Certified Financial Planner™ specializing in retirement income issues and holds an RICP designation, having studied Social Security, taxes, investments, insurance and estate issues. He was also named as a FIVESTAR WEALTH MANAGER for the fourth time in his career. Bill offers workshops on Sustainable Retirement Income because most people fear running out of money before they die. He is the author of "Jumpstart Your Retirement Income."

Quotes:                                                                                                                                   

“The largest demographic in America that is growing the fastest as a percentage are people over the age of 85. It is amazing to think that it's estimated we will have over a million people over the age of 100 by the year 2050.” – Bill Corley

“As Americans, we seem to want to buy everything. But if you really want to have a good plan or a trajectory, spend less than you make and start saving. Look at those plans that are available through work.” - Bill Corley

“Make sure you are saving money so that you have enough when you retire. True financial freedom is when the money that you have saved is generating enough income so that you could walk away from a job.” - Bill Corley

Takeaways:

04:28 Retirement planning requires a holistic approach that goes beyond just investment numbers.

09:30 Paying taxes upfront with a Roth IRA can provide significant long-term financial benefits.

15:15 Social Security will likely remain a viable income source, even with projected future cuts.

21:33 Trust and passion are critical when choosing a financial advisor who truly understands your needs.

28:32 It's never too late to start improving your financial situation, regardless of your current age.

Resources

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595: Tax Liens and Tax Deeds: Make More Money Easily By Thinking Outside the Box and Ramping Up with Ted Thomas

September 17, 2018

Ted Thomas is an active investor with over 20 years' experience. He specializes in advising, guiding and teaching people the steps to make money with Tax Lien Certificates and Tax Defaulted property. It's something he's taught thousands of men and women all around the world to do – from single moms to professional investors and entrepreneurs. He's here to tell us how to make easy, passive, scalable income using tax liens and tax deeds.

Quotes:                                                                                                                                   

“If you want to learn something, you want to learn it from someone that's doing it. Don't use the television to be your apprentice, because those guys are trying to make a big show for television.” – Ted Thomas

“You need to build a reputation. There are many factors that contribute to a successful website. Yes, there are millions of them, but the real key is how many actually generate revenue.” - Ted Thomas

“Listen, cash is king—that’s what I emphasize. I don’t want people buying those fixer-upper houses; they’re a huge headache, a big one.” - Ted Thomas

Takeaways:

05:25 Tax lien certificates offer a safe, predictable investment with potential returns between 16-25% when property owners pay their overdue taxes.

08:42 Always research properties thoroughly before bidding, focusing on exit strategies and avoiding high-risk investments like fixer-uppers.

26:59 Start small with investments, learning from experienced professionals and gradually building your skills without falling for get-rich-quick schemes.

31:11 Online resources and technology now make real estate investing more accessible, allowing investors to research properties from their kitchen table.

32:33 Successful investing requires patience, process, and a willingness to learn from those actively doing the work in the field.

Resources

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578: Holistic Tax Planning: Save Money As an Entrepreneur Using Health Insurance, Life Insurance, and Income Strategy with Money Geek Michael Dinich

July 30, 2018

Michael Dinich is the founder of Your Money Geek and he helps people retire early by reducing taxes, fees and costs. He blogs about personal finance and he’s here to share the latest tactics, tips and strategies entrepreneurs need to know about regarding personal finance, tax planning, life insurance and health insurance.

Quotes:                                                                                                                                   

“Dollars are not merely money; they represent moments you exchanged for a better future.” – Michael Dinich

“The tax code is more complicated than many people realize, with various phase-outs, exemptions, and factors based on your income.” - Michael Dinich

“Life often unfolds in the middle, but balanced and fair headlines don’t usually attract clicks.” - Michael Dinich

Takeaways:

01:39 Tax planning should be a year-round strategy, not just a once-a-year event during tax season.

03:56 Entrepreneurs need flexible financial strategies that adapt to changing income levels and business conditions.

14:05 Health insurance costs can be significantly reduced by carefully managing your modified adjusted gross income.

20:25 Finding the right financial professional requires research and understanding your specific business needs.

22:10 Life insurance offers more than just a death benefit - it can be a strategic financial planning tool for retirement and business financing.

Resources

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570: Increase Cashflow Using Bitcoin with Cryptocurrency Expert Casey Stubbs

July 18, 2018

Casey Stubbs is an expert on digital cryptocurrency, including Bitcoin. He's here to talk about how to educate yourself, continually invest, and have the correct money mindset.

Resources

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566: Don’t Quit Your Day Job: Break the Hustling Habit, Pay Off Debt, and Get to a Place of Abundance with Cash Flow Expert Chris Miles

July 13, 2018

Chris Miles the Cash Flow Expert is BACK to tell us how to get our money right, as entrepreneurs. In order to achieve abundance, you must live below your means, model what works, pay off debt, and make your money work for you. Chris explains his insights about relaxing, being confident, playing the numbers game, and gratitude.

Resources

Podcast: Play in new window | Download (Duration: 48:38 — 44.6MB) | Embed

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473: Work Less and Make More: Track Your Time, Delegate, and Tidy-Up Your Super Fast Business with James Schramko

January 8, 2018

James Schramko is an internet marketer and business coach who has helped over 2,000 students create and maintain six, seven and eight-figure businesses.

He's grown his coaching communities into multi-million dollar businesses that fund a lifestyle he loves. Running his businesses with an input of just hours a week, he finds ample time to surf, spend time with family and friends, watch movies and travel. The keys to such idyllic living are what he shares inside his two paid communities, SilverCircle and SuperFastBusiness.

James talks with us about his best productivity (and simplicity) secrets, easy ways to make money and find the low hanging fruit in your business. 80/20 isn't enough, you must go for 64/4!

Resources

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427: Think About Money Differently, Build Cashflow, and Optimize Like a Millionaire with Chris Miles

October 25, 2017

Chris Miles, the Cash Flow Expert and financial advocate for the entrepreneur, is a leading authority teaching entrepreneurs and professionals how to quickly free up and create cash flow TODAY spending time doing what they love most! He's an author and podcast host of the Chris Miles Money Show, and been featured in US News, CNN Money, Entrepreneur on Fire, and has a high reputation with his company, Money Ripples, getting his clients fast, life-altering financial results. In fact, his clients have increased their cash flow by over $100 Million in the last 7 years.

Resources

Podcast: Play in new window | Download (Duration: 30:56 — 28.3MB) | Embed

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