Screw The Stock Market

In this enlightening episode of "Screw The Stock Market," we dive into the world of solo 401ks and checkbook Individual Retirement Accounts (IRAs) with our special guest, Rachel Neighbors. As we explore these financial tools, we uncover how they can open doors to alternative investment opportunities, especially for solopreneurs and those seeking avenues beyond the traditional stock market.

Rachel Neighbors - An expert in solo 401ks and checkbook IRAs, Rachel has a rich background in working with entrepreneurs and solopreneurs. She is deeply passionate about empowering individuals to maximize their investments and explore options beyond the conventional stock market.

Welcome to "Screw The Stock Market", where we kick off the New Year 2024 with a deep dive into regrouping and reflecting on our journey. In this episode, we explore the importance of alternative asset classes and the power of a success mindset.

Join us as we discuss our evolution and plans for the show, focusing on the unique perspectives of children of immigrants in the world of entrepreneurial investment.

Reflecting on the New Year and Show's Evolution: We discuss the importance of regrouping at the start of 2024, reflecting on our journey so far. The show has evolved over nearly two years, and we're excited to delve deeper into making impactful content that resonates with our diverse audience.

Engaging with Our Audience - Survey Announcement: We're introducing a survey on screwthockmarket.com/sls/survey to better understand our audience's investment profiles and goals. This feedback will be instrumental in shaping our content to be as informative and helpful as possible.

Focus on Children of Immigrants and Dual Cultural Upbringing: A significant part of our discussion centers around the experiences of children of immigrants, balancing different cultural backgrounds. We aim to connect with viewers who share this unique dual-cultural upbringing, while keeping our content inclusive for all.

New Direction - "An Immigrant’s Guide to Entrepreneurial Investment": We announce a new subtitle for the show, highlighting our focus on the immigrant experience in entrepreneurship and investment. This change reflects our commitment to exploring diverse perspectives shaped by various cultural backgrounds.

Personal Stories and Plans for Future Content: We share personal anecdotes and family stories, discussing the challenges faced by first-generation individuals. These experiences will be a key focus in our upcoming episodes, exploring the intersection of immigrant experiences with business and investment.

Join us in a captivating discussion with Vipin Singh, a seasoned professional with over two decades of experience in investment banking, finance, and consulting. This episode delves into the nuances of entrepreneurship through acquisition, the journey from a corporate job to owning a business, and the critical role of personal support systems in entrepreneurial success.

Show Notes:

1. Introduction to Vipin Singh's Professional Journey

   • We kick off the episode with an introduction to Vipin Singh, detailing his extensive experience working with Fortune 500 companies and his transition into the realm of entrepreneurship.
   • Understanding the shift from a stable corporate career to the dynamic world of business ownership.

2. The Philosophy of 'Betting on Oneself' in Business

   • Vipin shares his perspective on the risks and rewards of investing in oneself and how it compares to traditional stock market investments.
   • Balancing risk with self-belief in the entrepreneurial journey.

3. The Dynamics of Business Brokerage and Acquisition

   • An in-depth look at Vipin’s experience in business brokerage, including how he assesses and navigates the acquisition of small businesses.
   • Practical strategies for evaluating business opportunities and understanding small business financials.

4. The Importance of Family Support in Entrepreneurship

   • A crucial conversation on how spousal support and joint decision-making can impact entrepreneurial ventures, especially when it involves significant financial risks.
   • Strategies for maintaining communication and balance between business risks and family life.

5. Listener Engagement and Interactive Survey

   • Encouraging listener participation through a survey designed to understand their interests and investment profiles, aiming to tailor future content more effectively.
   • The importance of audience feedback in shaping content and building a community around the podcast.

Resources Mentioned:

• Vipin Singh’s LinkedIn Profile
• screwthestockmarket.com/survey

Connect with Us:

Welcome to another exciting episode of our podcast, where we dive into unconventional investment strategies and success stories beyond the stock market. In today's episode, we have a special guest, Oscar Jofre, a serial entrepreneur with a rich background in the tech space. He shares his insights into capital raising, private equity, and innovative approaches to maximizing investment opportunities.

(02:05) Introduction to Oscar Jofre

• Learn about Oscar Jofre's background as an immigrant from Chile and his journey into the tech and entrepreneurship space.
• Discover how he transitioned from working with Best Buy's founder to creating his own startups.

(07:18) Democratizing Access to High-Growth Opportunities

• Explore the concept of democratizing access to innovative high-growth opportunities for investors.
• Understand how Oscar's company leverages SEC regulations to make capital raising more accessible and streamlined.

(11:45) Empowering Minority Groups and Immigrant Communities

• Dive into Oscar's passion for uplifting minority groups and immigrant communities through accessible investment opportunities.
• Learn how his approach fosters diversity in capital raising and investment success.

(15:30) The Power of Regulation A+ and Regulation CF

• Discover the potential of Regulation A+ and Regulation CF as investment vehicles.
• Understand how these regulations provide flexible investment options with lower minimums, allowing small investors to participate.

(20:10) AI and Voice Recognition's Evolution

• Oscar's early fascination with AI and voice recognition in the 1990s.
• Explore the journey of AI from its inception to today's advancements and its implications for various industries.

Thank you for tuning in to this episode, where we uncovered the exciting world of capital raising, entrepreneurship, and the power of innovative investment strategies. To stay updated and access more valuable content, be sure to check out our website and subscribe to our podcast.

Connect with Alex and Aziz:

info@screwthestockmarket.com

www.screwthestockmarket.com

Welcome to Screw The Stock Market. Today we have another Time Out episode in which we take a moment to reflect on the successful investments we've made in the past, viewing each as a great opportunity for growth and learning for our entire community. Behind the Name of the Podcast & Personal Updates (00:32 - 01:39)

Resources:

Welcome to Screw The Stock Market

In this episode of the STS podcast, our guest is Caleb Johnson, an apartment syndicator, and multi-family real estate investor. Caleb's approach to life and business is deeply rooted in his faith in God. We are excited to have him on the show and anticipate valuable insights and practical advice from his experiences.

Caleb's journey is both inspiring and relatable. Let's dive into what motivated Caleb to pursue the path of wealth-building

About the guest:

Caleb is a highly accomplished apartment syndicator and multi-family real estate investor. Caleb's passion for real estate investment is deeply rooted in his personal experiences and his strong faith in God.

Despite his young age, Caleb has already made significant strides in the real estate industry. He has successfully completed five real estate deals, with a total value of approximately $9 million.

Background and Motivation:

[02:18]

Caleb's motivation to invest in real estate comes from witnessing his mother's financial struggles after surgery and his desire to take care of his parents. Despite his young age, he has already completed five real estate deals totaling approximately $9 million. His story is truly inspiring and resonates with many listeners.

Actionable Tips for Success:

[4:14]

During the interview, Caleb shares actionable tips for success, particularly in building mentorships and relationships to access the best investment opportunities. He emphasizes the importance of persistence and selflessness, highlighting the value of giving without expecting anything in return. Caleb also emphasizes finding ways to add value to others, which can lead to fruitful mentorship connections.

Understanding Commercial Real Estate:

[05:05]

Caleb provides clarification on the definition of commercial real estate, specifically focusing on multi-family properties with five or more units. He explains his transition from residential to commercial real estate investing, outlining the challenges and rewards associated with this market. The hosts engage in a discussion about the dynamics of commercial real estate and its potential for growth.

Overcoming Challenges Building Relationships:

[08:18]

Sharing his experiences, Caleb discusses the process of finding real estate deals. He emphasizes the importance of persistence and building relationships with brokers. Caleb shares insights into establishing rapport with brokers and tailoring communication to their preferences. The hosts commend Caleb's ability to strike a balance between sales tactics and genuine relationship building, which has contributed to his success.

Incorporating Faith into Business:

[11:08]

Caleb opens up about the role of faith in his approach to business and life. He credits his faith as a stabilizing force and expresses gratitude for his mentors and God's guidance. The hosts appreciate Caleb's perspective and acknowledge the impact of faith in achieving personal and professional success.

Future Goals and Outlook:

[13:17]

While acknowledging the challenges of long-term goal setting, Caleb expresses his anticipation that his goals will evolve over time. The hosts express confidence in Caleb's future success, particularly in the apartment real estate market. They discuss the growing trend of renting and its potential impact on the market in the coming years.

Caleb Johnson's story is both inspirational and practical, filled with actionable steps for those interested in real estate investing. His journey from cleaning toilets for his mentor to now being a successful apartment syndicator is a testament to his determination and belief in alternative investment approaches outside the stock market.

Resources:

AI's dominance extends beyond industries, and the stock market is no exception. With its advanced algorithms and data analysis capabilities, AI is revolutionizing investment strategies and reshaping the financial landscape. Join Alex and Aziz as they explore how AI is taking over the world and transforming the stock market.

About the Episode

[00:00:36]

Join Alex and Aziz in this exciting episode as they dive into the topic of "Judgment Day: Rise of the Machines." Lately, AI has been the talk of the town, particularly in the business world. From AI-powered chatbots like ChatGPT to Google's Bard and even Meta's upcoming open-source version, everyone is jumping on the AI bandwagon. However, this surge in AI development has sparked concerns and pessimism, with fears that it will lead to job losses and an uncertain economic future for average individuals like Joe Schmo. While there will undoubtedly be significant changes in how the economy functions, Alex believes the impact will be more pronounced for future generations than our own. Tune in to explore these intriguing perspectives and gain insights into the potential consequences of AI on our society.

What Do People Do with AI?

[00:06:29]

This is a golden opportunity for investors and businesses as AI technology gains momentum. It simplifies tasks, provides useful tools, and can be outsourced to streamline operations. Whether in real estate or the stock market, leveraging AI can offer a competitive edge. Being creative and embracing AI now allows individuals to maximize their business potential before it becomes commonplace. Moreover, considering the uncertain future job landscape, establishing generational wealth becomes increasingly vital. Seize the moment and build a solid foundation to adapt to the changing times.

Collectibles have become a popular alternative investment offering pleasure and potential profits. From rare coins to sports memorabilia, they provide a unique way to diversify portfolios. Richard Vinhais will guide you through the captivating world of collectibles as an alternative asset and share valuable insights and experiences. Join in for an exciting exploration of this investment landscape.

Recap of the Episode

[00:00:24]

This episode explored the captivating realm of collectibles. From baseball cards to fine art, these items hold immense value and ignite passions. Scarcity is pivotal in their worth, distinguishing them from utility-based assets. The guest shared strategies for understanding their value and building relationships within these passionate communities. Their business focuses on insuring collectibles, while fractional ownership platforms provide accessible entry points for all budgets. We continue to uncover asset classes with lower buy-ins, expanding investment opportunities for a wider audience.

About the Guest [00:06:16]

Today is another time-out episode where Aziz and Alex discuss a recent news headline about a soccer player who hid his net worth from his wife. The response to this story has been divided among men and women, with some seeing it as an intelligent move and others as unfair. Aziz and Alex delve into gaming the system and the motivations behind the soccer player's actions. While they don't condone the behavior, exploring how people try to avoid taxes and protect their assets is interesting.

Knowing the System

[00:03:29]

It's interesting to understand the idea of knowing the system to maximize benefits and minimize liabilities. Anderson Business Advisors is an example of a team that helps people structure their business in a way advantageous for taxes and protection against liabilities. Alex also highlights the importance of seeking expert advice in managing assets, as it's unlikely for a 19-year-old to know to funnel millions of dollars outside the country. He is also amazed by the net worth of over $70 million and the earnings of a few hundred thousand dollars a month of the person being discussed. He thinks it's ridiculous that the person's wife might have to pay him half of her money.

Alex’s Student Loans

[00:06:42]

Alex had over $200,000 in federal student loans after law school. Instead of paying it all out of pocket, he registered under the loan forgiveness program and paid the bare minimum, which allowed him to invest his money elsewhere. He knew how the program worked because he had previously managed student loan portfolios at the federal Department of Education. Last year, his loans were forgiven, which he framed as his best day ever. He believes that most people are not aware of these possibilities and that knowledge is power when it comes to working the system.

The Takeaways to Try and Be Smart

[00:10:15]

To be competent, we must acknowledge that we don't know what we don't know. One takeaway is to find an advisor knowledgeable and experienced in the field. Networking with others who are navigating similar areas can also be helpful. Look at successful people and learn from their strategies and loopholes. Finding a professional who is also an investor is another good idea. Ultimately, it's crucial to know the system and surround yourself with creative advisors who will structure things in a way that benefits you and your business.

In today's episode, Alex and Aziz welcome a special repeat guest, Chris Miles, who recently visited the show and shared his inspiring story of achieving financial freedom despite setbacks. This time around, Chris delves deeper into the specific tactics, strategies, asset classes, and tools he uses and teaches others to use to attain financial freedom in a shorter timeframe. It's a must-listen episode where you'll want your notebook handy to take notes.

[00:00:00]

About the Guest

[00:04:39]

Chris was a financial advisor but left the industry after realizing it wasn't helping people achieve financial freedom. He became financially independent through business and real estate but lost everything in the recession and went over a million dollars in debt. He worked his way back to financial freedom and now teaches others how to do the same. He focuses on helping people get out of the rat race by strategizing and connecting them with deals that enable them to work because they want to, not because they have to.

Strategies for Achieving Financial Freedom

[00:07:19]

Several strategies can help individuals achieve financial freedom, including:

1. Turnkey Real Estate: Buy renovated, managed properties for passive income with little management required, but it can be expensive and have lower returns.

2. Franchising: Invest in an established brand recognition and support business model, providing a stable income with less risk and time investment. However, initial investment and ongoing fees can be high.

3. Funds: Invest in mutual or exchange-traded funds for diversification and professional management, but management fees and market fluctuations can impact returns.

4. Syndications: Pool funds with other investors to invest in larger real estate projects to access bigger investments. However, there is a higher risk due to market performance and syndicator expertise.

5. Short-term lending: Lend money through peer-to-peer platforms for high returns, but it involves a higher level of risk, requiring careful evaluation of borrowers and potential default risks.

6. Partnerships: Collaborate with others to invest in real estate or businesses, with access to larger investments and shared risks and rewards, but conflicts and disagreements may arise, and success depends on the expertise of all involved.

Debt versus Equity Fund [00:19:53] Debt funds usually pay a fixed interest rate and have a lower risk but no potential for gains beyond that rate. Equity funds offer potential for gains beyond a minimum rate and the possibility of tax benefits but also carry more risk. Syndications are similar to funds but maybe for a specific property or deal. They often require accreditation and offer a percentage ownership in the asset. Syndications can cover many assets, including apartments, warehouses, self-storage, car washes, and oil and gas.

How to Start Investing with Small Amounts of Money

[00:44:26]

If you want to invest with little money, consider infinite banking or funds with a low minimum investment. However, don't stress if you don't have at least $50-100k yet. Focus on building your savings to at least $100k before investing in more advanced options like syndications. Turnkey properties and lower investment funds are good options for those with less than a quarter million dollars. Focus on increasing income and managing expenses to build momentum towards your investment goals.

To connect with Chris:

Investing in Alternative Assets with Eric FrancomRecap of the Episode

[00:00:11]

Today, Alex and Aziz have guest Eric Francom on the show. He's investing in alternative assets, including venture capital and private equity. He gets in on the ground floor of seed round fundings for businesses and corporations, like Google before it was Google. Despite not all companies becoming mega unicorns, they still become profitable. Eric started as a dentist and used his income and practice sales to achieve greater success. This conversation is great for medical professionals looking to improve their finances and careers.

[00:04:08]

Eric started as a dentist, owning and selling three practices to private equity groups. He increased his net worth and passive income four times over and now invests in commercial real estate, private equity, and VC funds. He teaches others to achieve financial freedom through his private coaching and mastermind platform, infinitefreedom.com. He believes private equity and venture capital are the ideal portfolios, with a 30% allocation, and brings top-quartile deal flow to his group.

[00:08:28]

Private equity and venture capital can be difficult to define and have some overlap. Still, generally, venture capital invests in early-stage companies, while private equity focuses on more established companies. Venture capital primarily focuses on investing in businesses, while private equity can invest in a wider range of assets. The goal of venture capital is often for private equity to buy up the company eventually or to go public.

[00:09:47]

Investing in syndication or fund for companies can be a good alternative to venture capital. Some funds have a "spray and pray" approach, diversifying across many startups and hoping for a few big successes. As the fund mentioned, others focus on strategic investments in stable, established companies with a track record of success. While the minimum investment in these types of funds can be high, it's possible to negotiate lower amounts by pooling funds with others. This allows more people to access these deals and potentially see good returns.

[00:16:35]

Eric transitioned from dentistry to private equity by recognizing that the ultra-wealthy tend to invest in real estate and private equity/venture capital. He wanted to follow this path toward building wealth. He sold his practices, hired expensive coaches, and only considered investments projected to have over 36% year-on-year returns. He believes that investing in oneself and being part of investment groups can help to connect clients with high-return deals.

[00:21:30]

Investing is a crucial part of building wealth, but before jumping into an opportunity, it's important to conduct due diligence and research to ensure it's worth your investment. While investing alongside experienced investors can provide some reassurance, it's still important to do your own research and look for deals that are not commonly known or available to the public. Additionally, investing in your own knowledge and network can be just as crucial as investing in a particular opportunity. By learning from those who have already succeeded and surrounding yourself with other experts in the field, you can accelerate your learning and growth and ultimately increase your chances of success in investing.

[00:36:37]

The key to infinite freedom is balancing letting your money work for you and investing in a positive mindset. Don't settle for less, and find something that moves your soul. Happiness leads to success in all areas of life, including wealth, health, and relationships.

To connect with Eric:

Recap of the Episode

[00:00:00]

Chris Miles is today's guest and perfectly aligned with Alex and Aziz's views on the stock market. He shared his journey to financial freedom and his story of losing it all and bouncing back, a classic entrepreneurial tale. His stories were highly relevant in light of recent events, and he achieved success by leveraging his networks and pursuing cash flow. Against all odds, he broke free from the rat race, making this an awesome episode.

[00:03:11]

Chris Miles is a cash flow expert and anti-financial advisor who has achieved financial independence twice. He has a proven track record of helping clients increase their cash flow by almost $300 million in the last 12 years through his company Money Ripples. He's been featured on US News, CNN Money, and Entrepreneurs on Fire.

[00:05:12]

Chris didn't start out with a good knowledge of money. He was raised by hardworking parents who had a scarcity mindset and didn't have a good handle on money. Chris wanted to do something different and become an entrepreneur. He dropped out of college to become a financial advisor to learn about money and to help his dad have a better financial future. However, when Chris looked at his dad's financial situation, he realized that following the advice of financial advisors didn't work and that he needed to find another way. This led Chris to discover real estate investing, which became his path to financial freedom.

[00:12:50]

A former financial advisor, Chris became a millionaire by focusing on cash flow instead of saving for a large nest egg. He generated passive income through real estate investments and also created an active income stream by partnering with a mortgage broker. He referred clients to the broker and received a 50% commission on the deals. He also found other opportunities to receive referral fees for connecting people with certain services. By combining these income streams, he could make $4,000 to $5,000 per month and achieve financial independence.

[00:28:58]

Financial freedom is emotional, and fear and scarcity can prevent true freedom. It's important to protect your money from market volatility and educate yourself on alternative investments that provide stable cash flow, such as real estate. With smart investment choices, it's possible to achieve financial independence and live on more than quadruple the income you were supposed to have.

[00:33:15]

Chris became financially independent twice. The first time was in 2007 when he partnered with Garrett Gunderson to create a company to help people gather wealth. However, he cut off his other income streams and became lazy and arrogant. He was getting greedy, trying to go for bigger properties with fluctuating price fluctuations. Eventually, he went from a millionaire to an upside-down millionaire in about a year. He had to dig out of the hole and become financially independent again, which he did with the help of hundreds of people he helped to free up cash flow through his website, which helped him get lean and mean. Ironically, after foreclosing on his house, money started flooding back in.

[00:42:28]

Adding value to others by solving problems is the key to success and creating wealth. As an investor, creating opportunities and serving multiple directions can lead to success. The real economic engine is creating value for others and identifying how an investment provides value is important. The ultimate measure of success is the legacy and ripple effect one leaves behind. One should strive to impact people's lives positively and create a new legacy.

Kim and her husband own three successful real estate businesses in Central Florida, managing around 3000 properties. They started their journey 30 years ago when Kim left her teaching job to become a leasing agent. They eventually founded their own business, Hampton and Hampton Management and Leasing, and two other brands focusing on short and midterm leasing and selling properties exclusively to investors. Kim's experience and leadership skills led to completing a million-dollar rehab of a 300-unit property.

Kim hesitated to manage short-term rentals for a while but now manages 38 units and a rehab project for a client. Her success is thanks to her experience and efficient processes. She also has a cohost who is an assistant manager and enlists a good cleaning crew. While it has been a learning experience, Kim finds it manageable by being adaptable.

Short-term rentals can be a great investment, but it's important to do your homework upfront and consider zoning regulations that could change in the future. It's also important to constantly adjust the average daily rental (ADR) to ensure profitability and consider targeting midterm rentals to reduce turnover and increase occupancy rates. Working with corporations and other organizations can also help with occupancy. While starting with Airbnb can be helpful for beginners due to their accounting and tax support, there are other platforms and strategies to consider, such as furnish flex leasing, to diversify your rental portfolio.

To find a good cleaner, it's important to be detail-oriented and network with other hosts in the area. Kim suggests starting with a trial clean to see their work. Look for cleaners who have been trained properly and check online platforms like Airbnb and Nextdoor to find local cleaners. Building relationships within the hosting community can also lead to recommendations for reliable cleaners.

To determine if short-term rentals are profitable, it's important to research and analyzes data from sites like AirDNA, RABBU, and Mashvisor. You can estimate potential earnings by comparing gross rents with long-term rentals and considering furnishing and utilities. However, investing in repairs and buying at the right price is also crucial for success. In most cases, short-term rentals in zoned areas can generate double the income of long-term rentals.

When choosing a property manager, ask about their experience, licensing, expenses, maintenance, and client references. It is important to ensure they can handle tasks such as paying mortgages, taxes, and collecting rent. You can find experienced property managers by searching for NARPM members online and looking for designations such as MPM, RMP, and CRMC. Kim is a former president of NARPM, and the CRMC designation is the most coveted, with only around 50 in the US. 

(407) 448-6679

kim@hamptonandhampton.com

In this episode, we have invited Raquel Adkins, a powerhouse entrepreneur and real estate investor. With her degree in business administration, she has not only managed property but also founded two successful startup businesses that sold for great profits - the perfect experience to step into commercial real estate investment. Today, Raquel guides investors to invest strategically to build wealth, find good deals, and grow as an investor.

Way To Wealth

[4:33] Raquel sees real estate investment as a way to achieve financial independence, but it will be a long journey, so she advises people to stay consistent and know why they want to invest in real estate.

[9:13] Raquel invested in real estate because she wanted to build wealth more than having cash in hand. After searching for ways to achieve her goal, she came across the BRRRR Strategy, a common strategy used by successful millionaires and established people.

[14:37] In starting her investment in the multifamily industry, Raquel put herself in a situation to be lucky, and she changed her mindset. She did everything she learned from the program, podcast, or mentor to become a millionaire.

Mindset

[13:41 38:18] For Raquel, coming up with your “why”, thinking big about her goals, and having affirmations are some of the mindset changes she incorporated in her life.

Multifamily Investments

[19:47] Raquel finds Schedule B type of Multifamily investment to be the hardest as you can only promote homes to people who have established relationships with you. In contrast, investors can advertise Schedule C type of Multifamily anywhere, but only accredited investors can invest, which makes both kinds of Multifamily Homes have downsides.

What Raquel did to have investors is she made a list of people and called them every day to ask if there was someone they knew interested in investing in Multifamily homes. Let people know you’re investing in Multifamily homes and take the chance to create a social media to talk to people and educate them about what Multifamily investment is.

She chose Multifamily investment because it has a hedge against inflation. As a mentor, she wanted to teach people about investing in multifamily instead of stocks or bonds because it is a steady investment.

Being a Limited Partner or General Partner are two ways to start investing in Real Estate. Another thing Raquel loves about investing in Multifamily is people can get monthly cash flow.

Raquel had some investors question her about how they would invest with her if she raises rent when people were getting less money.

Asset Management

[40:28] For Raquel, she shines in asset management, which what she does is overseeing the whole operation of property management. She spends time in weekly meetings and talks about the status of units and rents, while his husband works on the rehab side of Multifamily homes.

Raquel’s ultimate goal is to own a property for each of her children to have the cash flow to do whatever they want in the future.

Question and Answer

[50:01] Raquel encourages anyone investing to check the location of the asset before because that’s how you’re going to sell it to Capital Raisers, check how the property is running and its value, then create a package of the business and shop around to people.

[58:27] Hiring a Property Management team for Raquel is essential because she explained that it would help delegate some tasks to manage the property better. Choosing your partner is also very important for her.

To connect with Raquel :

[00:01:23]

Today, Aziz and Alex are hosting another special time-out episode of the podcast, and there won't be any guests joining them. During the episode, they will be discussing people's mindsets and how they often talk about wanting to become rich and successful but failing to take action to achieve their goals. It can be frustrating to witness individuals putting all their energy into non-productive things. However, by non-productive, we don't mean that they are merely being lazy at home doing nothing, but rather, they are dedicating their efforts to making someone else wealthy. Many hardworking individuals give their all to their jobs, but the issue lies in their continuously working to make someone else rich. If they shifted their focus and directed that same effort towards making themselves rich, they could achieve significant success.

Today on the show, Alex and Aziz have a special guest, Purdeep Sangha. In this broad episode, they discuss a range of topics from business, mindset, success, and even personal and family life. The focus is on the alpha male consciousness and mindset in business, but Purdeep's interpretation is holistic, not douchie. He delves into the mindset struggles and stress points men face in business, especially entrepreneurs and company owners. The episode is a well-done conversation on the struggles of being a man in modern times, focusing on male psychology. And for the ladies, don't worry; there are some points where Purdeep talks about what women should do in a relationship. So even if you're a woman, you can still gain valuable insights from this episode. Everyone has to deal with men at some point, so this episode has something for everyone. It's important to note that the messaging is not misogynistic.

About the Guest

[00:05:39]

[00:00:16]

There are obstacles and hindrances to amassing wealth, but even if you don't have a wealthy background and rich connections, you can still do all of this stuff; it just takes a lot of hustling and networking. Networking is really what it all comes down to. It's doable, and it's just about believing it and then taking action to get yourself there. So just a little reminder: Mindset is so important

[00:07:03]

Clint Coon is an attorney and is a very avid successful real estate investor as well, so he presents a deep insider view on how to invest and how to protect your assets, and more importantly, how to keep making more money using the knowledge that he's gained from both sectors.

This episode is a good one because he drew into perspective that a lot of times when you go to attorneys, they don't normally have the perspective of a real estate investor. So there are little tidbits, tips, and strategies they don't think of that could make you and save you so much more money on the back end. They'll do the basics to protect you, but it doesn't maximize what you can get out of that relationship compared to someone who's an attorney, an investor, and has gone through the process. It’s an eye-opening episode!

[00:09:04]

Time-out Segment: Highlights from the Crypto World

Mastering the Art of Communication with Public Speaking Coach Brenden Kumarasamy | The Fallout from FXT's Collapse and its Impact on the Crypto Market

[00:00:27]

Marcin Drozdz, a professional real estate investor with 17 years of experience, joins Alex Escobar and Aziz Yousuf on their show "Screw The Stock Market." Marcin primarily invests in value-add multifamily apartments throughout the Southern USA and has sourced nine figures in private capital that helped acquire 1,500+ units. He also runs an educational company to help aspiring real estate entrepreneurs scale their real estate portfolios. In this episode, Marcin shares his insights and experiences in the real estate investment industry.

The episode covers the following topics:

[00:00 - 07:00] The Challenges of Being a Professional in the Real Estate Business

• The challenges of being a professional in the real estate business, including the importance of having a good team and a sound investment thesis.

[07:00 - 14:06] Interested in Real Estate vs Being a Real Estate Investor

• The difference between being interested in real estate and being a real estate investor, and the importance of having a realistic understanding of the amount of work and time required when investing in multifamily properties.

[14:06 - 21:15] Getting a Good Return on Your Investment

• Tips for getting a good return on your investment, including starting with the question of how to get your money back rather than how to make money on your money, and factors to consider when calculating risk such as cap rate, interest rate risk, and refinancing risk.

[21:15 - 28:50] The Importance of Underwriting

• The importance of underwriting and avoiding mistakes that can lead to cash calls, as well as forecasting rent growth accurately.

[28:50 - 35:53] Fund Models and Passive Investing

• Fund models and passive investing, including the importance of focusing on annual financial reports and quarterly updates for passive investors, and due diligence for real estate professionals.

[35:53 - 43:04] Scaling Your Real Estate Fund

• Scaling your real estate fund by building a team with experience and partnering with others who have already invested in multifamily properties, as well as having a clear plan and strategy for raising capital.

[43:04 - 45:42] The Complexity of Capital Raising for Real Estate

• The complexity of capital raising for real estate, including the capital food chain and the need for experience and sophistication in understanding the industry.

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Want to connect with Marcin?

Scott Sweitzer, a planning attorney based in the DC area and owner of real estate title company Prime Settlement, shares his knowledge and experience in Estate Planning and Real Estate investment. In this discussion, he covers various topics related to estate planning and how it can help protect assets and avoid probate.

[00:00 - 06:30] Estate Planning for Real Estate Investors

Scott explains that estate planning can protect families from potential legal issues and help manage finances more effectively. He emphasizes the importance of creating relationships with people rather than just having a transactional approach.

[06:30 - 13:07] Revocable vs Irrevocable Trusts

The discussion covers revocable and irrevocable trusts and their uses in estate planning, such as Medicaid asset protection, special needs trusts, and asset protection.

[13:07 - 19:42] How to Make Your Estate Planning Process Easier

Scott provides tips for making the estate planning process easier, such as creating a will and/or trust to ensure assets are distributed in the event of death. He explains that trusts hold assets for someone else, while a will dictates who will inherit assets.

[19:42 - 26:07] Local Living Trust Explained

A local living trust, designed purely for estate planning purposes, is discussed as a useful way to avoid sale or mortgage-related consequences. Lenders are familiar with living trusts and can work around them without issue.

[26:08 - 32:30] The Perks of Investing in Your Future

Investing in one's future is emphasized, and Scott discusses the benefits of term life insurance, setting up charitable trusts to hold highly appreciated assets, and generating income for a period of time after the owner dies.

[32:30 - 39:14] Tips for Avoiding Probate

To avoid probate, trusts can be used, which can be expensive and stressful for heirs. Scott recommends considering state planning in reverse, called "entrusted planning," where creating a family motto, business model, and charitable works while still alive leaves a lasting legacy.

[39:14 - 45:42] Why You Should Consider Having a Asset Protection Trust

Lastly, Scott explains asset protection trusts and their advantage in protecting assets from future dangers, including inside and outside liability. Asset protection makes it more difficult for creditors to access assets.

[45:42 - 46:17] Closing Segment

The episode features Brad Raschke, Vice President at Key Retirement Solutions, who specializes in managing insurance policy and cash flows for small businesses. He frees up cash flows and provides better coverage for employees by transitioning 65+ employees to Medicare when appropriate. Brad has seven years of experience in the insurance industry and has found the Infinite Banking concept. He graduated from the Nelson Nash Institute, mentored under James gnarly, and now practices infinite banking with his clients.

Life in Real Estate

[7:45]

Brad describes the Infinite Banking concept as a mortgage where the value of your home is guaranteed never to decrease. Every time you make a loan repayment, you see your equity steadily increase. You can take out a second mortgage or cash-out refinance anytime you want. You can take a HELOC against your rental house anytime you want. With the HELOC, the interest rates are locked between zero and 8%, and there's no loan repayment schedule. You never have to repay the loan if you don't want to, as long as your principal plus interest doesn't exceed your equity stake. You could float that HELOC loan forever.

Loan and Policy

[11:12]

Brad explains that you can float a loan forever if your principal plus interest is within your equity stake or your cash value. Some companies allow you to take a loan and earn interest on your full equity stake even with an outstanding loan. The value of cash value is the net present value of the future death benefit. You could completely cash out your cash value, take and walk away with it, or take a loan against that cash value.

Leverage in Insurance

[21:19]

Brad also discusses the leverage in insurance policies. If they are structured correctly, there will be significant cash value there in year one. You can take a loan from your policy to buy your Christmas presents and start an uninterrupted compounding interest curve on that money. Over the next 50 years, that $850, with a compounding interest of 5%, will turn into over $10,000 of capital you have access to.

People Should be Aware of

[29:37]

Brad emphasizes that capital attracts opportunity. The fact that you have a pool of capital will open your eyes to possibilities that didn't previously exist. Millions of Americans lose 34 and a half cents on every dollar they spend because they use banks to finance their purchases. Brad uses Nelson Nash's analogy of flying a plane to describe capitalization. If you fly a plane into a 345-mile-an-hour headwind at 100 mph, you're moving at 690 mph. That's 690 miles an hour faster than someone flying into a headwind. Becoming your banker by using dividend-paying your whole life to create your bank is not investing. Capitalization is capitalizing an asset you can leverage against down the road.

Connect with Brad Raschke:

Heather Dreeves is the Director of Funding at Secured Investment Corp and fund manager with one of the fastest-growing companies in the private money marketplace in the US, focusing on residential real estate investments. Heather is passionate about helping self-employed entrepreneurs and their families build wealth and success in their business ventures and helping investors deploy capital that is looking for a high-yielding passive investment backed by residential real estate. She has seen real estate investors succeed and fail, and is committed to tipping the scale to the side of success for everyone she can.

[00:00 - 07:25] How to Invest in Alternative Investments without High Net Worth

• Heather Dreeves is from Spokane, Washington, and has a background in soccer coaching and private money investing.
• Heather started working with private money investors and learned about alternative investments, which she now focuses on in her work as a financial advisor.
• Heather believes that more people are interested in investing in alternative investments outside of the stock market due to the current climate of uncertainty.

[07:25 - 14:20] How to overcome fear and get started investing

• Heather and her husband started investing in real estate after they retired, and she got her securities license.
• They've also flipped houses and own rentals.
• Heather sees the path to financial freedom through these types of investments and activities, whether you're an active investor or something looking for something passive.
• She has a passion to educate people on this because there's not enough information out there about it.

[14:20 - 22:02] How to make money in the current market downturn: Real estate fund still profitable

• How the real estate market is shifting and how this could impact borrowers and landlords.
• How the fund is diversified and able to lend money to borrowers for a variety of purposes, including purchase money, rehab money, and interest payments.
• How the fund is successful in getting borrowers to exit their loans, even in a downturn.
• The fund is able to offer a rental product to borrowers who have been refinanced from their loans.

[22:03 - 29:16] How to Invest in a Regulation A Plus Fund

• It can take up to a year to set up a self-directed IRA account with an accredited investor fund.
• The minimum investment for the unaccredited investor fund is $5,000.
• The self-directed IRA account will pay out 8.5% or more annually, depending on the fund.

[29:16 - 33:13] Roth IRA Inheritance Tax-Free

• There are a lot of Roth IRAs available, and they're great because they allow you to collect your earnings tax-free.
• If you inherit a Roth IRA, you don't pay taxes on it either.
• The notes that Secured Investment Corp sells are the same as the notes in its funds, but the company manages them for the client.
• The company offers consultations to help people decide if investing in its products is a good fit for them.

Want to connect with Heather Dreeves?

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Karl Yaacoub, Karl is a business author and corporate value creation advisor with a background in investment banking and private equity

He is in active investing (started in investment banking then moved to private equity), which is all about creating value in a portfolio across corporate governance, corporate strategy, and strategic finance. Let’s know more about Karl and His journey, With no further ado let’s dive in!

[00:00 - 08:17] Karl Yaacoub on How to Add Value to Your Business

• Karl Yaacoub is an investment banker and value creation specialist with experience in private equity and corporate strategy.
• He believes that businesses can be improved through a variety of means, including organic and inorganic growth, strategic finance, and corporate governance.
• These three key enablers are common to all private equity investors, making them accessible to the average investor.

[08:17 - 16:26] 3 Enablers of Successful Publicly Listed Companies

• Publicly listed companies typically follow the same approach when it comes to hiring management consulting firms, investment banks, and other advisors, 
• which is to look for value-creation enablers such as customer service, pricing, product strategy, and sales and marketing.
• Corporate governance limits key person risk dependency, protecting a business's assets and ecosystem.
• The organic strategy focuses on enhancing how the market perceives a product or brand.
• While inorganic strategy looks at ways to enter into a market and leverage an existing capability.
• Strategic finance focuses on dissecting a business into hundreds of small pieces to

[16:26 - 24:50] Ways to Evaluate a Business

• The income statement is linked to the cash flow statement through operating profit or net income.
• Changes in the balance sheet and cash position affect the ending cash position.
• Leakages can be identified through changes in the balance sheet and cash position.
• Corporate governance is about having the right controls in place, such as credit card expenses being separated from personal expenses.
• Changes in corporate governance can impact a business's ability to grow and scale.

[24:50 - 32:03] Tips for Passive Real Estate Investors

• The steps that buyers take in any acquisition, whether it's a car, a business, or real estate, are the same.
• You should do your due diligence on the business, including looking at the financials, legal situation, and market conditions.
• You should also consider manpower and whether you will need to double wages to attract talent.
• When you are considering buying a business, you should also look at the market and how it is likely to change.

[32:03 - 39:31] Passive Investing vs Active Investing: What's the Difference?

• Passive investing is difficult because it requires energy and commitment from the investor.
• An active investor has control and autonomy in their investment, which makes it easier to generate profits.
• The book, "The Game of Value Creation" is about using the same tactics and insights that big investment banks advise their blue chip clients on to unlock value in deals."

[39:32 - 46:01] Closing Segment

Today we are joined by Sarah Isely, Sarah Isely is a student of the subconscious mind and how experiences during the earliest years are when we are most deeply programmed for the rest of our lives. Her other passions are passive income, travel, and family freedom + legacy.

Join us as Sarah shares her thoughts on creating an entrepreneurial mindset while finding a work-life balance.

[00:00 - 15:58] How to Become Financially Literate

• As a child, Sarah felt she was less fortunate and a misfit because she didn't go to college 
• As an adult, she realized that her financial illiteracy was holding her back and that she needed to learn more about finances
• Sarah started learning about finances by reading books and podcasts,
• Sarah started to apply what she learned by starting a passive income stream
• She believes that everyone can achieve financial freedom if they're willing to work for it.

[15:58 - 30:45] How to Conquer Your Subconscious Beliefs

• The journey to rewire one's subconscious belief system to wire for abundance and wealth was a real thing
• Believing that these things are available to us is first, and then having the mindset to take risks and opportunities is also important
• It is important to have a system in place for investing, as emotions can hurt us if we're not guided by principles
• How to Overcome your Stuck Beliefs
• Acknowledging that opportunities change over time. 
• An example of this is; If you are born in the agricultural age where it was all family wealth you have to be born into the right family. Chances are you’ll have difficulty achieving financial security in the industrial age.

[30:45 - 47:01] How to Find Your Passion and Make Money Doing It

• Sarah started exploring passive income and ways to help families become wealthy and free in their own lives, which led to the 18 Summer Society.
• Passive income is a big part of the program, but it's also important to have a mindset that allows for wealth and freedom.
• She believes that it's important for parents to free up themselves to give their kids better beliefs, and that's why 18 Summer Society hosts retreats.

[47:02 - 54:58] 18 Summers Society: Helping Families Find Passive Income Streams

• The 18th Summer Society is a program that helps families with passive income streams.
• The workshops are designed to help families find financial and location freedom.
• The next workshop is on Monday, January 1st.

[54:59 - 01:02:49] How to Make Passive Income with DeFi (Decentralized Financing)

• One of the key things that make DeFi different is that it offers a low-risk way to make passive income.
• There are a lot of scams in the crypto world, but one DeFi project that is legitimate and pays 1% daily is worth investigating.
• It's important to have patience and a long-term vision when investing in DeFi because it is a high-risk market.

Want to connect with Sarah Isely

Welcome Back to Screw The Stock Market Today we have Brandon Cobb! Brandon is licensed and bonded General Contractor in TN managing $1O Million of new development annually. He was featured on the cover of REI Wealth magazine and has been quoted in Forbes magazine. Brandon is an active owner of an umbrella of companies in the real estate space. His company HBG Holdings provides investors with superior risk-adjusted returns and downside principal protection backed by real assets In the Single Family market while his company HBG Capital thrives in large Multifamily acquisitions.

[00:19 - 07:34] Opening Segment

• Brandon Cobb is a real estate investor and CEO of HBG capital. He is featured in Forbes, REI wealth magazine, and has written an article for Forbes on how to compete in a hyper-competitive market. Brandon's background is in medical device sales and he shares how chasing his dream job led him to real estate. He also shares how being a real estate investor is different than other investments and offers advice for those looking to invest in the market.

[07:35 - 14:34] You Can Be as Loyal as You Want to a Company, But at the End of the Day, That Company Has to Do What's Best for Them

• Brandon shares the lessons he learned from his entrepreneurial journey, including the importance of hiring strategically and delegating tasks. He also emphasizes the value of having a mentor and collaborator.

[14:34 - 21:48] Lessons Learned from Brandon's Journey to Becoming a Successful Real Estate Investor

• Brandon Cobb is a real estate investor and CEO of HBG capital. He is featured in Forbes, REI wealth magazine, and has written an article for Forbes on how to compete in a hyper-competitive market. Brandon's background is in medical device sales and he shares how chasing his dream job led him to real estate. He also shared how being a real estate investor is different than other investments and offers advice for those looking to invest in the market.

[21:48 - 29:39] Real Estate Investor Shares Tips for Affordable New Construction

• This segment focuses on how HBG capital is focused on affordable new construction products in high-growth cities, and how they are able to provide investors with a high return on investment. The importance of having similar core values with a partner in a partnership is also discussed.

[29:40 - 36:42] HBG Capital: How to Survive a Recession

• This segment discusses how HBG Capital is combating the current state of the affordable housing market by building smaller homes, renting warehouses, and vertical integration. The importance of finding good deals on land to make homes more affordable is also emphasized. HBG Capital's advice for passive investors is shared.

[36:42 - 43:35] Passive investors should be asking before investing

• In the final segment, the importance of passive investors asking questions before investing is discussed. HBG Capital's educational resources, including past opportunities and FAQs, are recommended. Strategic partners are also discussed as valuable resources for understanding the real estate industry.

Follow Brandon:

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, for someone who wants to leave their job and build a business, it depends on their circumstances. Laying flat might not be the best option for them if they want to progress in their career. Listen in today as Alex and Aziz share their story and advice on how you can escape the rat race and build a better life for yourself and your family. This is TIME OUT Episode 3: Quiet Quitting's Impact on Wealth and Entrepreneurial Goals

 [00:19 - 04:13] Quiet Quitting Becomes Latest Trend Among Gen Zers

• The trend of quiet quitting is associated with gen Z, though it has been happening for a while.
• the trend is a lose-lose situation for employees and employers.

[04:13 - 08:58] How to Prioritize your Career 

• The idea of "lay flat" or "quieting with" in regards to work and career choices.
• For some people, it might not be ideal to quit their job and start from scratch in order to make more money. It depends on the individual.
• "sweatshop labor" in China, is often seen as a negative experience.

[08:58 - 11:10] Closing Segment

• Parting Words

CONNECT WITH US

Today we are joined by Jon Ostenson. Jon is a top 1% national franchise broker, investor, author, and international speaker specializing in the area he has coined ‘Non-Food Franchising’. Having served as the President of an Inc. 500 franchise system and now as a multi-brand franchisee, himself, Jon is uniquely positioned to educate others on franchising and franchise selection. Jon serves as CEO of FranBridge Consulting and has helped thousands of entrepreneurs and investors explore business ownership and investment opportunities. Jon is the author of ‘The Book on Non-Food Franchising’’ and is a frequent contributor and thought leader for publications on the topic of franchising and franchise investments. Prior to FranBridge, Jon was the President of ShelfGenie, a national franchise system with 200+ locations.

Join us as Jon shares his knowledge and expertise on franchising and would help and inspire you more! 

[00:18 - 07:01] Opening Segment

• Jon Ostenson is a consultant based in Atlanta, Georgia, who specializes in helping people choose the best franchise opportunities. He has years of experience in franchising and has partnered with other franchisees. In this episode, Jon shares his unique perspective on franchising and offers insights on how to succeed in the industry.

[07:01 - 12:59] The Easiest Way to Make Money in the Franchise Game

• Jon discusses how franchising can be a lucrative business venture, with 92% of franchise brands still in business five years later. He suggests that food is not the best way to make money in the franchise game and offers alternative options such as home and property services. Jon also mentions that franchises prefer individuals without industry experience and that his clients often end up in a field they never expected to be in.

[12:59 - 20:01] 3 semi-absentee franchise business models with high returns and few employees

• Jon explains how certain franchise businesses such as oil change businesses can complement those in the food and beverage space and help diversify an investment. He also shares his thoughts on the future of the oil change industry and how franchises for startup businesses can be a good option for those looking to build toward an exit. However, Jon also warns of the downsides of franchising such as staff expectations and the need to keep a team happy.

[20:01 - 26:29] How to Fund a Franchise Purchase

• Jon outlines the steps involved in funding a franchise purchase and suggests that the first step is to visit the website and gather information about the process. He assures that there are no costs or obligations to participate in the process. Jon mentions that funding can come from a combination of cash, an SBA loan, or a retirement plan rollover.

[26:30 - 32:47] Could This Be The Franchise For You?

• Jon shares details about his new book, "Non-Food Franchising," which covers everything a franchisor needs to know to start a successful franchise. He also reveals his favorite franchise options, including home and property services and the health and wellness space. Jon reminds listeners that franchising is not for everyone, but it can be a great way to own a business if it suits an individual's needs and goals.

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, This is also the Second Episode of Time Out! Let's join them as they discuss President’s Biden student loan forgiveness and your financial journey.

 [00:18 - 04:22] President Biden's Student Loan Forgiveness Increases Inflation

• President Biden's student loan forgiveness is a recent news topic
• Republicans are upset about the policy, while Democrats are happy
• People who qualify for student loan forgiveness can receive up to $10,000
• Pell grants can also help reduce student loan debt

[04:22 - 08:50] Debt Reduction Means More Money to Spend

• Starting on September 1st, student loan payments will be frozen until December 31st, which means borrowers have more time to pay off their loans
• The Biden administration has said that this forgiveness is only temporary and will restart next year
• This news is good for borrowers because it reduces their debt to credit ratio and makes it easier to borrow money. 

[08:51 - 10:22] Closing Segment

• Parting Words

CONNECT WITH US

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Josh Rhodes. Josh is a crypto investor, educator, and entertainer. He has been featured on podcasts such as Wealth Without Wall Street, and Live Better. Sell Better. with Kevin Dorsey, and One Big Tip with Jeff Mendelson.

Josh got his start as a real estate investor and marketing agency owner before discovering the power of crypto as a wealth-building asset. He now focuses his energy on cryptocurrencies, and he has created one of the fastest-growing passive crypto investing strategies.

Josh helps businesses grow with marketing strategies, implementation, leveraged growth, and optimization to increase profits and achieve financial freedom 

 [00:19 - 08:12] How to Invest Like a Pro: Josh Rhodes Shares His Crypto Wisdom

• Josh Rhodes is the founder of Crypto Y'all, a company that teaches people how to invest in crypto and other assets. In this segment, he talks about his experience investing in crypto and shares his insights on how to approach it.

[08:12 - 16:30] Triple Threat Crypto Investing

• In this segment, Josh talks about how he became a triple threat investor and the lessons he learned from his favorite copywriter, Neville Madora. He also shares his perspective on crypto and the stock market.

[16:31 - 25:42] How to Become Your Own Bank: 

• Josh explained how Crypto can be used to become self-sufficient. Josh explains how crypto can be used to become self-sufficient and generate cash flow. He also talks about the advantages of using crypto as a money system.

[25:42 - 34:40] Crypto Flywheel: 3 Strategies to Accrue Wealth

• Josh shares the three wealth-building strategies included in the crypto flywheel, including cash flow, appreciation, and leverage. He emphasizes that not all cryptocurrencies are created equal and that it is important to invest in those with strong fundamentals and a sound strategy.

[34:40 - 43:16] Ways to Make Money with Crypto

• In this segment, Josh discusses how to make money with crypto, including investing in stablecoins, lending it, and selling it. He also emphasizes the importance of understanding volatility and risk as tools that can be leveraged.

[43:16 - 51:48] Invest on Stable Coins and Make Money by Lending and Selling

• Josh concludes by stating that cryptocurrencies are a trustless way to store and trade value without the need for a third party. He believes that this trustless system will permeate every sector of our lives in the next few years.

Want to connect with Josh Rhodes?

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Ms. Kim Daly For the past 20 years, Kim Daly has been helping people realize their dreams of business ownership through franchising. While helping thousands of other people to live their dreams of business ownership, she has been living her own. Today, she is recognized as one of America's top franchise consultants. She is an international best-selling co-author of Franchising Freedom and the founder and host of KimDaly.tv.

[00:18 - 23:11] Kim Daley: How to Become a Franchise Consultant

• Kim Daly is a leading franchise consultant in the country and she is going to walk us through how to become a franchiser or franchisee.
• She teaches others how franchising is a well-established successful business that will make you money in the long run. And has many benefits over starting your own business, including reduced risks and probabilities of failure.
• Kim offers a free service to help people navigate the process of becoming franchise owners.
• Kim is the resource for financing and legal documents when buying a franchise.
• Franchising is different than other types of businesses because it allows you to keep your full-time job while running the business.
• Most franchises provide high-profit margins for their owners, allowing them to cover their costs easily.

[23:12 - 31:27] The Truth About Franchising

• Kim shares the benefits of owning a franchise and provides tips on how to get started.
• Franchises require a certain level of financial stability and experience before being approved.
• There are options for loans depending on the situation.

[31:27 - 40:33] Franchise Tips from an Expert

• Franchises can be a great way to invest in a business that you're passionate about, and there is no easy way to start a franchise.
• There is no one definitive metric, but it's based on your own goals.
• Success or failure in a franchise business is 100% owner driven.

[40:34 - 50:43] Closing Segment