BTM171: Escape the High Wage Earning Trap with Dr. Jeff Anzalone

High income earners are the most privy to financial mistakes, contrary to popular belief. This is why a professional making 500k a year and a professional making 50k a year can both live a “broke” lifestyle. At the end of the month, both are drowning in debt, neither have anything left over and the higher earner isn’t much happier.

On today’s episode Daray interviews Dr. Jeff Anzalone (between surgeries) who lays out solid advice for anyone embarking on the process of getting out of debt and into passive cash generating assets.

Key Points From This Episode:

  • How high-income earners can use real estate to invest passively
  • Properly setting up a game plan to pay off debt efficiently
  • What every professional can and should be doing to lower their taxes

Links Mentioned in Today’s Episode:

Dr. Jeff’s Website

Recommended Book:

The Bible

Think and Grow Rich by Napoleon Hill

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to these books for free with Audible!

Lifestyle Design App:

Google Calendar

BTM 89: $8 Per Hour to Multi-Millionaire in 4 Years with Daniel Ameduri

Daniel Ameduri is a self made multi-millionaire. After warning family and friends in 2007 about the coming market and mortgage collapse, he started his own YouTube channel, which has received 10 million video views. Even with a great calculation of the crash he failed through it and shortly after began to pick up the pieces as well as a special focus and passion for personal finance, he re-built his wealth and declared financial independence in 2012. Having no mortgage and enough rental properties to pay for his life style, he was able to build his business larger than he could have ever imagined.

On today’s episode we discuss the importance of personal finance and self help. The major influences in Daniels life had opposing viewpoints, Robert Kiyosaki and Dave Ramsey partly cultivated Daniels business and his interest in investments. One really fascinating thing about daniel story is how terrible his credit is (below 500) and how he doesn’t let it stop him from being an investor to be reckoned with.

 

Key Points From This Episode:

  • How Daniel travels 5-Star everywhere he goes
  • How Daniel spends $50,000 a year on wine
  • The difference between Retirement and Financial Independence
  • Robert Kiyosaki vs Dave Ramsey
  • Why it may be better to pay off your Home

 

Links Mentioned in Today’s Episode:

Daniel’s Website

Before the Millions Book:

Rich Dad, Poor Dad

Listen to this books for free!

BTM 50: Building A MultiFamily Empire with Eric Bowlin

Eric accidentally got into real estate back in college when he and his wife decided to buy a house near the University. They purchased a 3 unit building, living in one unit and renting the rest. One night while watching a movie with his wife, he heard a knock on the door. It was one of their tenants there to pay rent. At that moment he realized that I would become a real estate investor. That was the easiest money he had ever earned in his entire life. At that moment he realized that I would become a real estate investor.

Eric Bowlin started investing in real estate in 2009 with the purchase of his first three family property. He got into real estate full time at the end of 2011 and became financially independent at the end of 2015 when he quit his job forever.

Now, Eric is working on larger multifamily deals and syndications. He owns or is a GP on over 470 doors in Massachusetts and Texas. Also, Eric talks constantly about financial independence and is the founder of IdealREI (a top resource for real estate investors trying to achieve financial freedom) and Stacking Millions (a community where investors can learn and grow together).

Key Points From This Episode:

  • How Eric went from full-time student to building a multifamily empire
  • The story of him convincing his wife during a deployment to start to invest in real estate
  • Importance of taking action and why you shouldn’t let people caution you away from investing
  • The Differences between real estate business vs. real estate investing
  • How Eric found his niche in real estate investing
  • The break down of his process of finding deals, talking to owners and creating offers
  • What steps Eric took to escape the rat race

Links Mentioned in Today’s Episode

Eric Bowlin 

Rich Dad Poor Dad

Buildium

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BTM 49: The Ultimate Wealth Formula to Financial Freedom with Buck Joffrey

On today’s show we welcome Buck Joffrey. Buck is an accomplished Surgeon, Entrepreneur, Asset Manager and Podcaster. He is also the #1 best-selling author of The 7 Secrets of Eternal Wealth. With a negative net worth upon finishing his surgical training in 2008, Buck quickly became a serial entrepreneur and real asset investor amassing an 8 figure net worth. In order to help his high paid professional colleagues, he started a financial education website called WealthFormula.com and hosts the popular Wealth Formula Podcast.

Buck knows the old mantra of “investing in a diversified portfolio of stocks, bonds, and mutual funds,” is outdated and dangerous for high paid professionals given the volatility and instability of the current global economy. Therefore, he advocates entrepreneurship and/or investing in hard assets that provide cash flow as a more reliable way of approaching personal finance. Through a strong foundation of financial education and emphasis on cash flow investing, Buck teaches professionals how to take charge of their money and prosper.

Key Points From This Episode

  • Buck’s story from surgeon to real estate investor/entrepreneur
  • What is the “Wealth Formula” and how you can use this to achieve financial freedom
  • Why most successful people never “retire”
  • Importance of shifting your mindset to life life on your own terms
  • What made Buck change his focus on making money from a different quadrant
  • Why your focus should be on buying streams of income
  • How Buck lost 300K on his first real estate investment and the #1 thing he would do differently

Links Mentioned in Today’s Episode

Buck Joffrey

Wealth Formula Roadmap

Evernote

CASHFLOW QUADRANT 

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BTM 48: 90 Days to 5K Passive Income a Month and Beyond with Edna Keep

Have you heard of the Rule of 97? In 1897, 97% of Americans were employers. By 1997, 97% of Americans were employees. A new time is upon us and another major shift is coming. As we continue to leverage the power of the internet and technology, it’s easier than ever to become a location independent entrepreneur and investor. We discuss this immensely in this weeks’ Tip of the Week.

Even more profound, on todays show, today’s guest Edna Keep and I are going to show you the path to 5k in 90 Days.

Edna Keep’s journey from single mom at age 16 – living in subsidized housing

with a daughter in subsidized daycare – to multi-millionaire Real Estate

Entrepreneur and Coach inspires others. Her major operations are long-term

buy-and-hold rentals apartment buildings. Her claim to fame is a $60 Million

real estate portfolio built with “Other People’s Money.”

She is the author of Multiple Ways To Wealth: Creating Your Prosperous Lifestyle and real estate investment teacher, has a deep understanding of what investors want in a deal. As a former financial advisor, Edna helps connect investors with everyday people who want to create true passive income for the long term.

We share a passion for helping individuals hit their first milestone of 5k in passive income and we breakdown exact how you can achieve this in 3 easy steps:

  1. Build a “Power” Team around you to do the heavy lifting (most important – you need a mentor to be apart of that team).
  2. Shift your MINDSET -> You are the prize!
  3. GO BIG (we’ll define this in the episode)

 

Links mentioned in the show:

Edna Keep

Why “A” Students Work for “C” Students and Why “B” Students Work for the Government

Meditation App: Omvana

2 Free Books Today on Audible

 

Access The Best Strategies, Tips & Advice!

Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.

Sign up to join our community