BTM174: Budgeting, Saving and Investing for Financial Freedom with Todd Miller
This week on the podcast, I interviewed a real estate investor/financial coach Todd Miller, who has spent the past 11 years building up his passive income portfolio to quit his job.
His strategy was straightforward and not at all different from the plans many of us make to leave our soul sucking day job.
You know… Budget, save, invest and retire early on the beach somewhere.
If only it were that simple.
See we can know the steps but not understand them. We can understand the steps but not implement them. We can implement them but not succeed.
There are numerous areas in which we can fall short of the ever elusive financial freedom that we desire.
But if you’ve known me for any stretch of time, you are aware that I’ve made it my mission to help all of us better succeed.
Rather than claiming life changing results in a single episode, we wanted to help you with the baby steps for budgeting, saving and investing in hopes that these small actions will have massive results for you later down the line. This is a good one!
Links Mentioned in Today’s Episode:
Recommended Book:
The Alchemist by Paulo Coelho
Listen to this books for free with Audible!
Lifestyle Design App:
BTM173: Q&A with Daray – on New Investments, Worthy Bonds, Uncapped Wealth & Is Rent Cancelled?
What’s equivalent to a savings account but pays you 5X the interest?
The answer? …on today’s episode. Daray will uncover his new favorite investment vehicle and why you should have looked into this months ago!
Daray also tackles a slew of listener questions ranging from the current state of the market to the types of legal entities real estate investors have to choose from.
This wide ranging conversation helps those of us that are looking for a better passive vehicle to invest our money as well as a business we can leverage to escape the rat race.
Strap in!
Links Mentioned in Today’s Episode:
BTM164: Cultivating Dreamcatchers to Exit the Matrix with Jerome Myers
Today’s guest, Jerome Myers is a multifamily investor and executive coach that has a knack for repositioning apartment buildings. Having amassed a portfolio well over 200 units, Jerome’s competitive advantage is lies in his focus of adding value to those around him.
On a day to day basis, Jerome’s work with individuals looking to escape the rat race, or has he coins it “exit the matrix”. On today’s episode, we discuss Jerome’s journey to full time self employment as well as the lessons he’s learned along the way.
This episode could be exactly what the doctor prescribed if you’re on a journey to catch a dream that is bigger than yourself. Buckle up.
Key Points From This Episode:
- Creating abundance in the 6 focus areas of life: Self Image, Relationships, Career, Health, Prosperity and Significance.
- Jerome’s desire and plan to switch from full time engineer to full time investor
- How to cultivate a ‘dreamcatchers’ mindset and schedule
- The truth behind your relationship with money
- How to become successful in the apartment business starting from scratch with no resources
Links Mentioned in Today’s Episode:
Recommended Book:
Millionaire Success Habits by Dean Graziosi
Listen to this books for free with Audible!
Lifestyle Design App:
BTM163: Wealth & Freedom Investing in Mobile Home Parks with Andrew Keel
Andrew Keel currently manages 21 manufactured housing communities across nine states. His expertise lies in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs.
On today’s episode Andrew and I discuss the key differences between investing in manufactured homes and the parks that they occupy. With time, Andrew became skilled as an investor and realized that he could switch his model of earning income to one that better suited his desired lifestyle — This wasn’t before tons of trial and error, most notably 18 months of prospecting with zero deals done. We’ll have a discussion on the mindset it takes to overcome such hurdles and how he’s taking that mindset to the next Ironman competition.
Key Points From This Episode:
- Going bigger, faster to get to your goals
- How Andrew preserved through 18 months with 0 deals
- The similarities between Ironman competitions and the real estate business
- The difference between mobile homes and mobile home parks
- How to create a “forever cash” machine
- Why it’s important to stay as lean as possible for as long as possible
Links Mentioned in Today’s Episode:
Recommended Book:
Deals on Wheels by Lonnie Scruggs
Listen to this books for free with Audible!
Lifestyle Design App:
BTM162: Black Lives Matter & Chaos Theory
Every single one of us can affect change beyond imagination.
Have you heard of the “butterfly effect” where the simple flap of a butterfly’s wings can set of a string of escalating events that can lead to the formation of a hurricane? It’s a powerful and truthful illustration that depicts just how powerful your actions are – conscious or unconscious.
May this episode serve as a resource we strive for justice and freedom for all.
Links Mentioned in Today’s Episode:
The Browder Files: 22 Essays on the African American Experience
So you Want to Talk About Race by Ijeoma Oluo
Superforecasting: The Art and Science of Prediction